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BUSINESS NEWS CATEGORIES 

Markets succumb to fag-end sell-off, extend losing streak to 5th day

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Equity indices tripped in the last half-an-hour of trade on Tuesday to notch up losses for the fifth consecutive session as finance and IT counters continued to bear the brunt of heavy selling amid negative global cues. Russia ramping up its offensive in Ukraine, coupled with unabated foreign fund outflows, a depreciating rupee and inflationary concerns sapped investor confidence, traders said. The 30-share BSE Sensex opened modestly higher and weathered bouts of volatility to trade in the positive territory, but succumbed to a sudden burst of selling towards the fag-end…

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NATIONAL NEWS NEWS CATEGORIES 

Situation returning to normalcy in Delhi’s Jahangirpuri, say cops

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The situation in Jahangirpuri of northwest Delhi is heading towards normalcy amid heavy deployment of security personnel in the violence-hit area, police said on Tuesday. Some of the shops, mainly of grocery, in the streets have opened and the movement of people is becoming normal, they said. Over 500 police personnel and six companies of additional force have been deployed in the area round the clock. Besides, a total of 80 tear gas gun parties and water cannons have been deployed and drones are also being used in sensitive areas…

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BUSINESS NEWS CATEGORIES 

Sitharaman for regulating crypto at global level to check money laundering, terror funding

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Finance Minister Nirmala Sitharaman on Tuesday made a strong case for regulating cryprocurrencies at a global level to mitigate the risk of money laundering and terror funding. Participating at a high-level panel discussion organised by the IMF, the Finance Minister said that as long as the non-governmental activity of the crypto assets was through unhosted wallets, the regulation was going to be very difficult. However, she said, cross border payments between countries will become very effective through Central Bank-driven digital currencies. “The risk which worries me more on the non-governmental…

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BUSINESS NEWS CATEGORIES 

Sensex plunges 1,186 points in early trade; Nifty tests 17,160 level

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Equity benchmark indices, which resumed trading after a long holiday, faced heavy drubbing on Monday, with the Sensex plunging over 1,186 points in early trade. The key index was dragged down by heavyweights Infosys and HDFC Bank amid weak trend in Asian markets. Stock markets were closed on Thursday for Mahavir Jayanti and Dr Babasaheb Ambedkar Jayanti, as well as on Friday on account of Good Friday. The Sensex was trading 1,186.18 points lower at 57,152.75 in early trade. The Nifty tumbled 314.95 points to 17,160.70. From the 30-share pack,…

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NEWS CATEGORIES WORLD NEWS 

‘No surrender’: Ukrainians fight on in Mariupol steel plant

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Braced for an all-out Russian assault in the east, Ukraine vowed to “fight absolutely to the end in strategically vital Mariupol, where the ruined port city’s last known pocket of resistance was holed up in a sprawling steel plant laced with tunnels. With missiles and rockets also battering other parts of the country, Ukrainian President Volodymyr Zelenskyy accused Russian soldiers of carrying out torture and kidnappings in areas they control. The fall of Mariupol, which has been reduced to rubble in a seven-week siege, would give Moscow its biggest victory…

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NATIONAL NEWS NEWS CATEGORIES 

Dejected opposition parties taking refuge in vote bank, divisive politics: Nadda

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BJP President J P Nadda on Monday accused the opposition of waging a “direct onslaught on the spirit of our nation and casting aspersions on our hardworking citizens”, in a reaction to the rival parties’ joint statement attacking the Modi government over incidents of hate speech and communal violence. In a letter to fellow Indians, Nadda said the opposition parties “tried, tested, or I should say dusted and rusted approach of vote bank politics, divisive politics, and selective politics is no longer working” as Prime Minister Narendra Modi’s emphasis on…

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LEGAL NEWS NEWS CATEGORIES 

Lakhimpur case: SC sets aside Allahabad HC order granting bail to Ashish Mishra

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The Supreme Court on Monday cancelled the bail granted by the Allahabad High Court to Ashish Mishra, son of Union minister Ajay Mishra, in the Lakhimpur Kheri violence case. A special bench of Chief Justice N V Ramana and Justices Surya Kant and Hima Kohli also asked the accused to surrender in a week’s time. The top court on April 4 had reserved its order on a plea of farmers seeking cancellation of bail to Mishra. Earlier, the high court had granted bail to him. On October 3 last year,…

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BUSINESS NEWS CATEGORIES 

Rapido raises USD 180 mn in funding round led by Swiggy

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 Bike taxi platform Rapido on Friday said it has raised USD 180 million (over Rs 1,370 crore) in a Series D round of funding led by new investor Swiggy. The round also saw investment from TVS Motor Company, along with existing investors Westbridge, Shell Ventures and Nexus Ventures, the company said in a statement. The funds would be used to bolster technology, amplify and strengthen teams across diverse sets of capabilities, and increase overall supply to create an enhanced consumer experience across a larger audience base in metros, tier I,…

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NEWS CATEGORIES WORLD NEWS 

US, Russia clash over cause of food price rises

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The U.S. ambassador to the United Nations accused Russia on Thursday of making the precarious food situation in Yemen and elsewhere even worse by invading Ukraine, calling it just another grim example of the ripple effect Russia’s unprovoked, unjust, unconscionable war is having on the world’s most vulnerable. Linda Thomas-Greenfield told a U.N. Security Council meeting on war-torn Yemen that the World Food Program identified the Arab world’s poorest nation as one of the countries most affected by wheat price increases and lack of imports from Ukraine. Russia’s deputy U.N.…

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NATIONAL NEWS NEWS CATEGORIES 

India to get record number of doctors in next 10 years due to govt push for medical education: PM

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Prime Minister Narendra Modi on Friday said the country will get a record number of doctors in the next 10 years due to the central government’s policy of establishing at least one medical college in every district. Speaking after dedicating to the nation a 200-bed K K Patel Mutli-speciality Hospital in Bhuj in Gujarat’s Kutch district via video-conferencing, he said coronavirus is still lurking and people should not take it easy and be watchful. The modern health facility is the first charitable multi-speciality hospital in the Kutch region and it…

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