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Sensex slides 219 points on weak global cues

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Mumbai, Jun 25 (DIN NEWS) The BSE Sensex slumped over 219 points to close at 35,470.35 today amid a weak rupee and continuing trade spat between the US and China. After a positive start, the 30-share benchmark advanced to a high of 35,806.97, but turned negative and hit a low of 35,430.11 on profit-booking and foreign fund outflows. It finally ended at 35,470.35 — down by 219.25 points or 0.61 per cent. On similar lines, the NSE Nifty cracked below the 10,800-mark to hit a low of 10,753.05 intra-day, before…

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NEWS CATEGORIES WORLD NEWS 

Texas group takes in about 30 parents separated from kids

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El Paso, Jun 25 (DIN NEWS) A Texas charitable organisation says 32 immigrant parents separated from their children after crossing the US-Mexico border were freed into its care, but they don’t know where their kids are or when they might see them again despite government assurances that family reunification would be well organised. The release yesterday is believed to be the first, large one of its kind since President Donald Trump signed an executive order Wednesday that preserved a “zero-tolerance” policy for entering the country illegally but ended the practice…

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NEWS CATEGORIES WORLD NEWS 

Malaysian PM revives age-old water row with Singapore

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Kuala Lumpur, Jun 25 (DIN NEWS) Malaysian Prime Minister Mahathir Mohamad said yesterday he wants to renegotiate a “ridiculous” water supply agreement with Singapore, the latest sign of fraying ties between the neighbours since last month’s shock election. The 92-year-old returned for a second time as premier after his opposition alliance scored an unexpected victory at the polls, toppling a long-ruling coalition that Mahathir himself once headed. During his first stint in charge of the country from 1981-2003, Malaysia had famously stormy ties with Singapore – and Mahathir has wasted…

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NATIONAL NEWS NEWS CATEGORIES 

Monsoon session from July 18

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New Delhi, Jun 25 (DIN NEWS) The Monsoon session of Parliament is set to begin on July 18 and end on August 10 with the triple talaq bill among the legislative items topping the government’s agenda. The session will have nearly 18 sittings, Parliamentary Affairs Minister Ananth Kumar told reporters here. The Cabinet Committee of Parliamentary Affairs (CCPA), chaired by Home Minister Rajnath Singh, met here today to recommend the dates. President Ram Nath Kovind will now formally convene the session. “We seek the support and cooperation of opposition parties.…

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NATIONAL NEWS NEWS CATEGORIES 

India, Seychelles agree to work on Assumption Island project, respect concerns

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New Delhi, Jun 25 (DIN NEWS) India and Seychelles today agreed to work together on a project to develop a naval base at the Assumption Island keeping each other’s concerns in mind after talks between Prime Minister Narendra Modi and President Danny Faure. India also announced a USD 100-million credit to Seychelles for augmenting its defence capabilities. “With this credit, Seychelles will be able to buy defence equipment to boost its maritime capacity,” Prime Minister Modi said in his joint media statement with Faure. On the project to develop a…

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BUSINESS NEWS CATEGORIES 

Taj Mansingh to finally go under hammer on July 18

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New Delhi, Jun 24 (DIN NEWS) After an unsuccessful first attempt at auctioning Delhi’s iconic luxury hotel Taj Mansingh, New Delhi Municipal Council (NDMC) has decided to conduct a fresh bid for the property on July 18. The much-delayed auction, which was to be held this month, was cancelled since only Tata Group’s Indian Hotels Company Limited (IHCL) – the existing operator – bid for retaining the property. The bid of the only other participant, ITC, was not accepted on technical grounds. The civic body had issued an annulment notice…

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BUSINESS NEWS CATEGORIES 

Infosys stable and on verge of something momentous: Nilekani

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Infosys Non-Executive Chairman Nandan Nilekani today said the company has taken several steps during the year to remedy the concerns raised on the matter of stability and is on the verge of something momentous.”When I stepped for the second time into Infosys in August last year, one of the concerns that you raised was about the company’s stability. We have taken several steps during the year to remedy this,” he said at the company’s 37th Annual General Meeting here.”We have a very stable management team and board, and everybody is…

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LEGAL NEWS NEWS CATEGORIES 

HC asks Maha to immediately hire doctors in Melghat

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The Bombay High Court hasdirected the Maharashtra government to take immediate steps to fill up vacancies of doctors and expert assistant medical staff in tribal areas of Melghat and Nandurbar that are known for high rates of malnutrition.A bench of Justices Naresh Patil and GS Kulkarni also suggested that the government tie up with some private health care specialists and hospitals to ensure that some doctors and essential medical aid can be sent to such areas at least in case of an emergency.The bench gave these directions last week while…

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LEGAL NEWS NEWS CATEGORIES 

2 years on, Brexit vote has taken a toll on UK economy

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 While it’s still unclear what Brexit will look like when it happens next year, the decision to leave has already had a clear effect on the economy: households are poorer, companies are more cautious about investing, and the property market has cooled.In the two years since the vote to leave the European Union, Britain has gone from being a pace-setter among the world’s big economies to falling into the slow lane. And the uncertainty over what relations with the EU will be when Brexit becomes official on March 29, 2019…

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NEWS CATEGORIES WORLD NEWS 

US defence chief to visit China amid S China Sea tensions

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Beijing, Jun 24 (DIN NEWS) US Defence Secretary Jim Mattis, who has accused China of “intimidation and coercion” in the South China Sea, visits Beijing this week as the countries increasingly spar over US arms sales to Taiwan and Beijing’s expanding military presence overseas. Mattis will be the first defence secretary in President Donald Trump’s administration to visit China. His trip highlights the need for the US and its chief rival in East Asia to engage each other despite increasingly stark differences and mutual suspicion. Mattis’ mission comes at a…

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