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BUSINESS NEWS CATEGORIES 

Stock market grew 13% in PM Modi s tenure: Prabhu

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India’s stock market has witnessed a compounded annual growth rate (CAGR) of 13 per cent over the last four years, since Prime Minister Narendra Modi assumed office, which demonstrates that investing in the country makes business sense, Commerce & Industry Minister Suresh Prabhu said today. The minister made the remarks in presence of the Prime Minister, who presided over the inaugural session of India-Korea Business Summit here. “The stock market in the last 4 years, ever since the Prime Minister has taken over the leadership, has grown by 13 per…

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BUSINESS NEWS CATEGORIES 

PNB stock slumps 9% to hit 52-week low

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Shares of Punjab National Bank today slumped as much as 9 per cent to hit their 52-week low level in morning trade on bourses after the lender said the amount of fraudulent transactions could be as much as Rs 12,700 crore. Shares of the company opened weak at Rs 107.80, then cracked 8.75 per cent to a 52-week low of Rs 102.10 on the BSE. Similar movement was seen on the NSE too, where the stock opened at Rs 106.80, then fell to its 52-week low of Rs 102, down…

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NEWS CATEGORIES WORLD NEWS 

Taiwan military veterans clash with police in pension protest

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Protesters including senior military veterans pushed down a gate to Taiwan’s parliament building today and clashed with police as they tried to storm in over pension cutbacks. One former colonel was in a critical condition in hospital after attempting to climb a wall and falling. The protests were sparked by government plans to reform the military pension system, part of a wider pension cutbacks programme which triggered mass protests last year. Legislators passed a pension reform bill last June, cutting civil servants’ generous pension packages as the government warned it…

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NEWS CATEGORIES WORLD NEWS 

Would’ve run into Florida school shooting even without weapon: Trump

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US President Donald Trump today said he would have run into Florida school to save the students from a gunman even without a weapon. “You know, I really believe — you don’t know until you test it — but I really believe I’d run in there, even if I didn’t had a weapon. I think most of the people in this room would have done that, too, because I know most of you. But the way they performed was really a disgrace,” he said during a meeting with governors from…

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NATIONAL NEWS NEWS CATEGORIES 

PM seeks foreign investments, says India one of the most open economies

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Pitching for foreign investments, Prime Minister Narendra Modi today said India is one of the most open economies in the world and is ready to do business with the world. Speaking at the India-Korea Business Summit, he said his government has worked towards creating a stable business environment and removed arbitrariness in decision-making. “We seek positivity in day-to-day transactions. We are widening areas of trust rather than digging into doubts. This represents a complete change of the government’s mindset,” he said. India, he said, is already the third-largest economy in…

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NATIONAL NEWS NEWS CATEGORIES 

16.5 per cent polling in Meghalaya till 9.30 am

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About 16.5 per cent polling was recorded in the first two-and-a-half hours of voting for the Meghalaya Assembly today, Chief Electoral Officer (CEO) of the state F R Kharkongor said. Polling had started at 7 am, but due to the malfunctioning of electronic voting machines (EVMs) and voter-verifiable paper audit trail (VVPAT) machines, it got delayed in some booths, the CEO said. No incidents of violence were reported from anywhere in the state, he added. Voting is being held in 59 seats of the 60-member Assembly as the election in…

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NEWS CATEGORIES SPORTS 

Ian had doubts over Greg’s choice as Team India coach: Ganguly

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Even brother Ian Chappell was not very positive about Greg Chappell taking over as Team India coach in 2005 and so was Sunil Gavaskar but Sourav Ganguly says he decided to ignore all these warnings and follow his instincts on the appointment. In fact, Ganguly was in awe of Chappell prior to his appointment and even embarked on a secret trip to Australia in 2003 before the team was to tour that country for doing an exhaustive recce of the grounds and preparing himself and his teammates. He got in…

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ENTERTAINMENT NEWS CATEGORIES 

Bon Jovi to reunite for Rock and Roll Hall of Fame induction ceremony

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American rock group Bon Jovi are set to reunite with their original line up at their Rock and Roll Hall of Fame induction ceremony. The iconic group are also expected to play a couple of songs at the ceremony on April 14 in Cleveland, with the original line up – including Alec John Such and Richie Sambora, reported Billboard The band also features Jon Bon Jovi, drummer Tico Torres and keyboardist David Bryan. Alec left the band in 1993, and Richie followed suit in 2013. ‘Speaking to Alec on the…

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LEGAL NEWS NEWS CATEGORIES 

Magistrates should exercise caution in applying judicial minds: SC

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The Supreme Court has termed as “unfortunate” that in a number of cases, magistrates across India are not guided by concrete precedents set by it in exercising caution while applying their judicious mind. Talking about the maxim that justice should not only be done, but should manifestly and undoubtedly be seen to be done, the top court said the magistrates are expected to apply their independent mind while taking cognisance of a matter and such a view, should be reflected in the order. A bench of Justices N V Ramana…

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LEGAL NEWS NEWS CATEGORIES 

Delhi HC says GNIDA not carrying out commercial activity for profit

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The Delhi High Court today exempted the Greater Noida Industrial Development Authority (GNIDA) from paying Income Tax, saying it was not carrying out any commercial activity with any profit motive. A bench of Justices Sanjiv Khanna and Pratibha M Singh allowed the plea of the GNIDA seeking to set aside a 2015 order of the Central Board of Direct Taxes (CBDT) rejecting its application for grant of exemption under Section 10 (46) of the Income Tax Act 1961. Section 10(46) of the IT Act deals with the exemption of ‘specified…

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