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Rupee settles 9 paise lower at 75.72 against US dollar

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The rupee depreciated 9 paise to close at 75.72 against the US dollar on Wednesday, following a strong American currency overseas and fears of a renewed trade war between the US and China.   Forex traders said the weakness in the rupee was largely due to the strengthening of the US dollar and sustained foreign fund outflows. Moreover, rising coronavirus cases in the country also weighed on the local unit. Rupee opened weak at 75.77 at the interbank forex market and then pared some losses to finally settle at 75.72,…

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NEWS CATEGORIES WORLD NEWS 

Trump admin ignored concern over hydroxychloroquine import from in India, Pak: Fired US scientist

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A fired American scientist has alleged that the Trump administration ignored the concern of doctors in the US over the importation of hydroxychloroquine from “uninspected factories” in India and Pakistan and flooded the country with the “unproven and potentially dangerous” anti-malarial drug. In a complaint filed on Tuesday before the US Office of Special Counsel, which oversees the protection of whistleblowers, Rick Bright alleged that top officials of the Department of Health and Human Services (HHS) repeatedly ignored his messages and that of others over the Personal Protective Equipment (PPE)…

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NATIONAL NEWS NEWS CATEGORIES 

COVID-19 death toll touches 1,694; cases rise to 49,391

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The death toll due to COVID-19 rose to 1,694 and the number of cases climbed to 49,391 in the country on Wednesday, registering an increase of 126 deaths and 2,958 cases in the last 24 hours, the Union Health Ministry said.   The number of active COVID-19 cases is 33,514. A total of 13,160 people have recovered and one patient has migrated, it said. “Thus, around 28.71 per cent patients have recovered so far,” a senior health ministry official said. The total number of cases include 111 foreign nationals. A…

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NEWS CATEGORIES SPORTS 

England have to make do with limited chances to prepare for T20 World Cup: Morgan

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England’s white-ball captain Eoin Morgan says his team will have to make do with limited opportunities that come its way to prepare for this year’s T20 World Cup after the COVID-19 pandemic forced a cricket shutdown in the country.   The coronaviorus outbreak has forced the England and Wales Cricket Board (ECB) to suspend professional games in the country till July 1 and has put in doubt Australia’s ODI and T20I tour of England in July. Morgan feels converting England’s three-ODI series against Ireland into a T20 rubber in September…

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BUSINESS NEWS CATEGORIES 

Asian shares advance following rebound on Wall Street

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Shares advanced in Asia early Tuesday after Wall Street shook off a weak start and ended with modest gains thanks to another solid showing from big technology companies.   Shares rose in Hong Kong, Sydney and Singapore. Markets in Shanghai and Tokyo were closed for a holiday. Wall Street shook off a weak start and ended with modest gains Monday, thanks to another solid showing from big technology companies. A recovery in oil prices was helping drive gains in Asia on Tuesday as the U.S. benchmark added 1.50, or more…

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NEWS CATEGORIES WORLD NEWS 

Senate to vet new intelligence chief amid shakeup, pandemic

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A Senate panel is considering Texas Rep. John Ratcliffe’s nomination for director of national intelligence, holding the in-person hearing amid President Donald Trump’s shakeup of the intelligence community and under drastic new distancing rules to protect Capitol Hill from the coronavirus.   Ratcliffe’s confirmation hearing in the Senate intelligence committee on Tuesday comes nine months after Trump first submitted and then abruptly withdrew the three-term lawmaker’s nomination. The August withdrawal came after bipartisan Senate criticism that Ratcliffe, one of the president’s most ardent defenders during the Russia investigations and Trump’s…

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NATIONAL NEWS NEWS CATEGORIES 

COVID-19 death toll rises to 1,568 in India; cases climb to 46,433

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The death toll due to COVID-19 rose to 1,568 and the number of cases climbed to 46,433 in the country on Tuesday, the Union Health Ministry said. The number of active cases stood at 32,138, while 12,726 people have recovered and one patient has migrated, it said. The total number of cases also includes 111 foreign nationals A total 179 deaths deaths have been reported since Monday evening, of which 98 were from West Bengal, 35 from Maharashtra, 29 from Gujarat, six from Rajasthan, five from Uttar Pradesh, two from…

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NEWS CATEGORIES SPORTS 

Players fixed before me, even after me, should’ve got a second chance: Asif

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Tainted former Pakistan pacer Mohammad Asif says he wasn’t the first nor would be the last to have indulged in spot-fixing and should have been treated better by his country’s Cricket Board, which gave “everyone a second chance” except for him.   Asif was banned for seven years for his role in the 2010 spot-fixing scandal during Pakistan’s tour of England, where he bowled deliberate no balls for money. He also served jail time in the UK after being found guilty along with Mohammad Amir and Salman Butt. Asif said…

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ENTERTAINMENT NEWS CATEGORIES 

Multiplex Association urges actors, producers to hold films for theatrical release

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The Multiplex Association of India (MAI) has appealed to studio partners, producers, artistes and content creators to support the cinema exhibition sector by holding their films and releasing them in theatres once they’re opened again.   India is currently under the lockdown with around 1.3 billion people asked to stay home in view of the coronavirus outbreak. There were rumours that several films are looking at a direct-to-digital release amid the lockdown, including Akshay Kumar starrer “Laxmmi Bomb”. In a statement, MAI requested producers to “respect the exclusive theatrical window.”…

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LEGAL NEWS NEWS CATEGORIES 

SC dismisses plea of district judge against swearing-in of Karnataka HC judge

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The Supreme Court on Monday dismissed a plea by a district judge challenging the appointment of a ‘junior’ judicial officer as an additional judge of the Karnataka High Court and seeking a stay on his swearing-in contending that it breaches the seniority rule.   The top court dismissed the plea just half an hour before the swearing-in of judicial officer Padmaraj N Desai as an additional judge of the High Court. A bench of Justice Deepak Gupta and Justice Aniruddha Bose took up the matter through video conferencing at 10…

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