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BUSINESS NEWS CATEGORIES 

Markets recoil as coronavirus cases spike in India; bank, finance stocks slump

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Equity indices resumed their downward march on Wednesday as domestic investors were spooked by a sudden spike in coronavirus cases in India. The government on Wednesday said 28 Covid-19 cases have been detected in the country so far, up from six as of Tuesday. This includes a group of 16 Italian tourists and their Indian driver. Meanwhile, Union minister Prakash Javadekar said the government is proactively engaged in dealing with coronavirus, and the Prime Minister is monitoring the situation everyday. After gyrating over 945 points during the day, the 30-share…

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LEGAL NEWS NEWS CATEGORIES 

SC allows pleas against RBI circular barring banks from providing services for cryptocurrencies

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The Supreme Court Wednesday allowed a batch of pleas challenging RBI’s circular of 2018 which had prohibited banks and financial institutions from providing services related to Cryptocurrencies. Cryptocurrencies are digital or virtual currencies in which encryption techniques are used to regulate the generation of their units and verify the transfer of funds, operating independently of a central bank. “We have allowed the writ petitions,” a bench headed by Justice R F Nariman said while pronouncing the verdict. According to the April 6, 2018 circular, the entities regulated by the Reserve…

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NEWS CATEGORIES WORLD NEWS 

US launches airstrike against Taliban to defend Afghan forces

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The US launched an airstrike against Taliban fighters to defend Afghan forces on Wednesday, an American military spokesman said, as violence spirals after a string of deadly attacks by the insurgents, throwing the country’s nascent peace process into grave doubt. News of the airstrike in southern Helmand province — the first in 11 days — came hours after US President Donald Trump told reporters he had had a “very good” chat with the Taliban political chief, who on Saturday signed a historic deal with Washington to withdraw foreign forces. Since…

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NEWS CATEGORIES SPORTS 

Kohli indicates ‘mini transition’ of pace unit in near future

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The Indian pace bowlers aren’t getting any younger and team’s think-tank realises the need to get the next crop of speed merchants ready in the near future, said skipper Virat Kohli. While Jasprit Bumrah is expected to lead the pace pack for many more years, Ishant Sharma, who will be 32 this year and Mohammed Shami (29) have already reached the peak of their prowess. Not to forget, Umesh Yadav will turn 33 this year. “These guys are not getting any younger so we need to be very careful and…

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BUSINESS NEWS CATEGORIES 

Rupee rises 33 paise to 72.43 against US dollar in early trade

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The Indian rupee appreciated by 33 paise to 72.43 against the US dollar in early trade on Tuesday tracking positive opening in domestic equities. At the interbank foreign exchange the rupee opened at 72.50, then gained further ground and touched a high of 72.43 against the US dollar, registering a rise of 33 paise over its previous close. The domestic currency, however, could not hold on to the gains and was trading at 72.64 against the American unit at 1002 hrs. On Monday, rupee had settled at 72.76 against the…

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NEWS CATEGORIES WORLD NEWS 

Six coronavirus deaths in US, 91 confirmed cases: Pence

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The number of deaths in the US from the deadly coronavirus rose to six on Monday while the total number of confirmed cases in the country crossed 90, Vice President Mike Pence has said, as the novel virus continues to spread around the world despite travel restrictions. All the six deaths in the US are from the Washington state with 43 domestic cases and 48 cases of the individuals who returned to the US, officials said on Monday. The coronavirus outbreak that started in China’s Wuhan city in December has…

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NATIONAL NEWS NEWS CATEGORIES 

Kolkata Police arrests one more for ‘goli maro…’ slogan

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A fourth person, alleged to be a BJP supporter, has been arrested for raising provocative slogan — “desh ke gaddaro ko, goli maro …” (shoot the traitors) — while heading for Union Home Minister Amit Shah’s rally in the city, police said on Tuesday. Sujit Barua (51), a resident of Ghola of Sodepur in North 24 Parganas district, was picked up by police on Monday night after he was identified from a video footage, a senior Kolkata Police official said. Like the three other arrested “BJP supporters”, Barua has been…

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NEWS CATEGORIES SPORTS 

Lock, Stock and Barrel: NZ thrash India inside three days, win series 2-0

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A star-studded Indian team was given a reality check by a disciplined New Zealand side that completed a memorable series sweep with a seven-wicket win inside three days in the second Test here on Monday. New Zealand chased down a modest victory target of 132 in just 36 overs after India’s second innings folded for 124 in less than an hour on the third day. Tom Latham (52 off 74 balls) and Tom Blundell (55 off 113 balls) had a good batting session as Mohammed Shami didn’t bowl post lunch…

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ENTERTAINMENT NEWS CATEGORIES 

It was a bit of letdown: Jennifer Lopez opens up on Oscar snub

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Finally addressing her Oscar snub for “Hustlers”, singer-actor Jennifer Lopez says she was “sad” when she didn’t bag a nomination for the crime drama despite major buzz ahead of the awards season. She starred as Ramona, the ringleader to the group of strippers who take revenge on their wealthy Wall Street clients. The actor also produced the film. “Hustlers”, directed by Lorene Scafaria, was both a critical and commercial hit, and was touted worthy of a best supporting actress Academy Award nod for Lopez, an overall first for the actor.…

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LEGAL NEWS NEWS CATEGORIES 

No reasons to refer Article 370 matter to larger seven-judge bench: SC

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The Supreme Court on Monday said there are no reasons to refer a batch of pleas, challenging the constitutional validity of the Centre’s decision to abrogate provisions of Article 370 on August 5 last year, to a larger seven-judge bench. A five-judge constitution bench headed by Justice N V Ramana pronounced the order. The apex court had on January 23 reserved its order on the issue of whether the batch of pleas would be referred to a larger seven-judge bench.

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