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Sensex drops over 300 pts in early trade; Nifty tests 17,100

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Equity benchmark Sensex tumbled over 300 points in early trade on Monday, tracking losses in index majors Infosys, HDFC Bank and ICICI Bank amid concerns over the spread of the Omicron variant in the country and weak cues from global markets. The 30-share index was trading 311.11 points or 0.54 per cent lower at 57,385.35 in initial deals. Similarly, the Nifty fell 81.70 points or 0.48 per cent to 17,115. IndusInd Bank was the top loser in the Sensex pack, shedding over 2 per cent, followed by Maruti, Bajaj Finance,…

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NEWS CATEGORIES WORLD NEWS 

Anthony Fauci says early reports encouraging about omicron variant

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 United States health officials said that while the omicron variant of the coronavirus is rapidly spreading throughout the country, early indications suggest it may be less dangerous than delta, which continues to drive a surge of hospitalisations. President Joe Biden’s chief medial adviser, Dr Anthony Fauci, told CNN’s State of the Union on Sunday that scientists need more information before drawing conclusion’s about omicron’s severity. Reports from South Africa, where it emerged and is becoming the dominant strain, suggest that hospitalisation rates have not increased alarmingly. Thus far, it does…

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NATIONAL NEWS NEWS CATEGORIES 

India mentions “unprovoked” aggression by China along northern border at ‘2+2’ talks with Russia; inks AK-203 rifle deal, extends military cooperation till 2031

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India is faced with challenges arising out of “extraordinary militarisation” in its neighbourhood and “completely unprovoked aggression” on the northern border, Defence Minister Rajnath Singh said at the inaugural Indo-Russia ‘2+2’ dialogue even as the two nations inked a pact for joint production of over six lakh AK-203 rifles and extended military cooperation till 2031. Besides Singh, the ‘2+2’ foreign and defence talks were attended by External Affairs Minister S Jaishankar his Russian counterpart Sergey Lavrov and Russian Defence Minister Gen Sergey Shoigu. The ministers held comprehensive discussion on strategically…

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NEWS CATEGORIES SPORTS 

Agarwal-Pujara pair adds 107 runs, India stretch overall lead to 405

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Mayank Agarwal and Cheteshwar Pujara added insult to New Zealand’s injuries with a 107-run opening stand as India took complete control of the second Test by reaching 142 for 2 at lunch on the third day, here. India’s overall lead is now a mammoth 405 runs and only one team can win this game from here with two days and two sessions left. At the break, Shubman Gill, who hadn’t come out to open after being hit on the wrist during the New Zealand innings, was batting on 17 with…

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BUSINESS NEWS CATEGORIES 

RBI rate decision, Omicron worries to drive stocks this week: Analysts

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Volatility is likely to continue in the stock market this week amid Omicron uncertainty and the RBI monetary policy meeting will be a key driver for benchmark indices going ahead, say analysts. It will be an event-packed week for the markets, with RBI policy and several macroeconomic numbers scheduled to be announced, they added. “Volatility is likely to continue amid Omicron uncertainty, RBI credit policy, and macroeconomic numbers. There are lots of news flows on the Omicron variant which are causing volatility in the market while on the domestic front…

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NEWS CATEGORIES WORLD NEWS 

More omicron cases detected in US as hospitals strain under delta surge

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New York announced three more cases of the omicron variant of the coronavirus on Saturday, bringing the number of state cases linked to the new variant to eight. “The omicron variant is here, and as anticipated we are seeing the beginning of community spread,” state Health Commissioner Mary Bassett said in a news release. The number of states finding the variant is growing as well, with Massachusetts and Washington state announcing their first cases on Saturday, a day after New Jersey, Georgia, Pennsylvania and Maryland reported their first confirmed cases.…

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NATIONAL NEWS NEWS CATEGORIES 

Sigh of relief for Odisha, AP as cyclone Jawad’ likely to weaken into deep depression

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Cyclonic storm Jawad’ is likely to weaken into a deep depression before it reaches the Odisha-Andhra Pradesh coast by Saturday noon, officials said. The development comes as a relief for the eastern state already battered by two cyclones in the last one year – Gulab’ and Yaas’. It is likely to weaken gradually and move northwards during the next 12 hours and then north-northwards along the Odisha coast, reaching close to Puri as a deep depression, the India Meteorological Department said. Subsequently, it is expected to weaken further and continue…

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Taapsee Pannu’s Shabaash Mithu’ to release in Feb 2022

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Taapsee Pannu-starrer Shabaash Mithu , the biopic of Indian cricketer Mithali Raj, is set to release worldwide theatrically on February 4 next year, the makers announced on Friday. Backed by Viacom18 Studios, the biographical film is directed by noted Bengali filmmaker Srijit Mukherji. ‘Shabaash Mithu’ is a coming-of-age tale of women’s cricket in India as witnessed by the most successful woman cricketer. It will chronicle the highs and lows, setbacks and moments of euphoria of Raj’s life,” the official synopsis of the film reads. Pannu, 34, essays the role of…

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LEGAL NEWS NEWS CATEGORIES 

Implement orders of panel on air quality management to curb pollution, SC tells Centre, NCR states

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The Supreme Court on Friday directed the Centre and the states in NCR to implement the orders of the panel on air quality management to curb air pollution while ruing that some sections of the media have “portrayed” it as a “villain” which wants to close down schools here. A special bench headed by Chief Justice N V Ramana also took note of measures taken by the Commission for Air Quality Management in National Capital Region and Adjoining Areas on Thursday and asked the Centre, Delhi and states in the…

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BUSINESS NEWS CATEGORIES 

Goa CM launches Electricity Mobility Promotion Policy to promote e-vehicle usage

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Goa Chief Minister Pramod Sawant on Saturday launched Goa Electricity Mobility Promotion Policy 2021 here to promote usage of e-vehicles. He launched the policy at the ‘Round Table To Promote Electric Mobility’ event organised by the Ministry of Heavy Industries. The policy’s main objective to launch the policy is to promote use of battery-driven vehicles and create jobs for the people of the state, Sawant said. Speaking further on the benefits being provided under the policy, he said, “We are giving incentives on manufacturing, waiver of road tax up to…

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