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BUSINESS NEWS CATEGORIES 

Sensex rises 167 points in early trade on firm global cues

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Mumbai, Feb 15 (DIN NEWS) The BSE benchmark Sensex surged over 167 points, staging a strong recovery in early trade on Thursday on firm cues from global markets. A stronger rupee against the dollar also influenced market sentiment. The 30-share index was trading higher by 167.12 points, or 0.48 per cent, at 34,323.07. The gauge had lost 144.52 points in the previous session. The NSE Nifty gained 47.45 points, or 0.45 per cent, to 10.548.35. Widespread buying was seen in metal, healthcare and realty counters. Major gainers were Adani ports, HDFC,…

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NEWS CATEGORIES WORLD NEWS 

South Africa’s Jacob Zuma resigns as president

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Johannesburg, Feb 15 (DIN NEWS) South African President Jacob Zuma resigned from the position today, ending an impasse with his ruling African National Congress (ANC), which was planning to side with opposition parties in Parliament to remove him via a motion of no confidence. Zuma’s resignation comes three days after the ANC’s national leadership decided at a marathon meeting in the early hours of Monday to ask him to resign, which he had defiantly refused. “I resign as President of the Republic (of South Africa) with immediate effect,” Zuma said in…

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NATIONAL NEWS NEWS CATEGORIES 

Army foils infiltration bid along LoC in Poonch

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Jammu, Feb 15 (DIN NEWS) The Army has foiled an infiltration attempt by a group of militants along the Line of Control in Poonch district of Jammu and Kashmir, a senior Army officer said today. “Suspicious movements by a group of four to five militants were noticed along LoC in Mendhar sector of Poonch during the night,” the officer said. Alert troops engaged the suspected militants and fired on them, he said adding that the troops foiled their attempt to cross over the LoC. A search operation is under way in…

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NEWS CATEGORIES WORLD NEWS 

17 killed as ex-student goes on shooting spree in US school

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Washington, Feb 15 (DIN NEWS) A former student armed with an assault-style rifle went on a shooting spree at a high school in Florida, killing at least 17 people and injuring more than a dozen others, including an Indian-American student, in one of the deadliest mass shootings in the US. The 19 year-old suspect identified as Nikolas Cruz, a former student at Marjory Stoneman Douglas High School in Parkland who was expelled for disciplinary reasons, was arrested after the deadly rampage yesterday. The school has a large number of Indian-American students…

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NEWS CATEGORIES SPORTS 

Dipa Karmakar ruled out of Commonwealth Games

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India’s top gymnast Dipa Karmakar has been forced out of the upcoming Commonwealth Games owing to the career-threatening knee injury she picked up last year, her coach Bisweshwar Nandi said today. “She is not yet ready for a tournament like the Commonwealth Games. So, the target is to make her fully ready for the Asian Games (August 18-September 2),” Nandi told PTI. Karmakar, the first Indian female to compete in the Olympics where she finished a historic fourth in the women’s vault at the 2016 Rio Games, opted out of…

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ENTERTAINMENT NEWS CATEGORIES 

Shah Rukh Khan visits Dilip Kumar

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Superstar Shah Rukh Khan paid a visit to Bollywood veteran Dilip Kumar at his home. Shah Rukh had last dropped by the legend’s residence when he was discharged from the hospital last August following treatment for dehydration and urinary tract infection. Faisal Farooqui, a family friend of Kumar took to the actor’s official Twitter account, where he shared a photograph of Shah Rukh and the 95-year-old star. The picture was captioned as, “.@iamsrk came to visit Saab at home today. – FF.” Kumar also received treatment for mild pneumonia in…

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LEGAL NEWS NEWS CATEGORIES 

C’garh entitled for choice of chopper, says SC

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In a relief to Raman Singh government in Chhattisgarh, the Supreme Court today said the state government was entitled to make a choice to purchase an AgustaWestland helicopter for VVIP use and there was no record to show that it could have been procured at a lesser price. The top court also gave clean chit to Abhishak Singh, son of the Chief Minister, saying there was no material to prima facie hold that he was a beneficiary of the transaction and it was not necessary to go into the allegations…

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BUSINESS NEWS CATEGORIES 

RBI’s new norms on bad loans wake up call for defaulters: Govt

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In a bid to hasten the resolution of bad loans, RBI has tightened rules to make banks identify and tackle any non-payment of loan rapidly, a move the government said should act as a “wake up call” for defaulters. The Reserve Bank of India abolished half a dozen existing loan-restructuring mechanisms late last night, and instead provided for a strict 180-day timeline for banks to agree on a resolution plan in case of a default or else refer the account for bankruptcy. Financial Services Secretary Rajiv Kumar said the new…

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NEWS CATEGORIES WORLD NEWS 

Iraq aims to raise oil output to 7 mn barrels: minister

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Iraq, the second largest oil producer in the OPEC cartel, plans to sharply increase its output capacity to seven million barrels a day by 2022, its oil minister said today. Iraq now has an oil production capacity of five million barrels per day (bpd) but is pumping just over 4.7 million under an OPEC output cut agreement. “Our target is to reach seven million bpd by 2022,” Jabbar al-Luaybi said, while presenting oil and gas projects available for private foreign investors. Luaybi said Iraq sits on proven crude reserves of…

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NATIONAL NEWS WORLD NEWS 

Sharif says his opponents would fail to punish him

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Ousted Pakistan premier Nawaz Sharif today warned his opponents that they would fail to “punish” him as he appeared before an anti-graft court for the 17th time to face trial in the Panama Papers scandal. Sharif, 67, appeared before the Accountability Court Islamabad along with his daughter Maryam and son-in-law captain (retired) Mohmmad Safdar. At the start of the hearing, the court was informed that lawyers are not attending courts to observe three-day mourning after the death of eminent lawyer and human rights activist Asma Jehangir who passed away in…

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