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Rupee surges 11 paise to 73.49 against US dollar in early trade

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The rupee strengthened by 11 paise to 73.49 against the US dollar in opening trade on Wednesday, supported by foreign portfolio flows and strong opening in domestic equities. Traders said weakening of the American currency in the overseas market also supported the local unit. At the interbank forex market, the domestic unit opened at 73.58 against the US dollar, then gained further ground and touched 73.49, registering a rise of 11 paise over its previous close. On Tuesday, the rupee surged by 30 paise to settle at a one-and-a-half month…

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NEWS CATEGORIES WORLD NEWS 

India’s weapons procurement from the US jumps to USD 3.4 billion in 2020

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 India’s weapons procurement from the United States jumped from a meagre USD 6.2 million to a whopping USD 3.4 billion in the final year of the Donald Trump’s administration, according to official data. As per the data released by the Defense Security Cooperation Agency (DSCA), the jump in the sale of American weapons to India comes at a time when sale of weapons from the US to other countries has dipped to USD 50.8 billion in 2020 from USD 55.7 billion in 2019. In 2019, the sale of US weapons…

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NATIONAL NEWS NEWS CATEGORIES 

India’s COVID-19 caseload rises to 97.35 lakh; recoveries cross 92 lakh

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India’s COVID-19 caseload rose to 97.35 lakh on Wednesday, while the number of people who have recuperated from the disease crossed 92 lakh, pushing the national recovery rate to 94.66 per cent, according to the Union health ministry. The total coronavirus cases mounted to 97,35,850 with 32,080 new infections being reported in a day, while the death toll rose to 1,41,360 with 402 new fatalities, data updated by the ministry at 8 am showed. The number of people who have recuperated from the disease surged to 92,15,581, pushing the national…

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NEWS CATEGORIES SPORTS 

West Indies 114-5 at lunch on Day 3, 1st test vs New Zealand

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The dark clouds that gathered over Seddon Park on Saturday on the third day of the first cricket test between New Zealand and West Indies were good omens for New Zealand fast bowlers Tim Southee and Trent Boult. Boult and Southee play for Northern Districts province which counts Seddon Park at Hamilton among its home grounds. They have an intimate knowledge of local conditions and are especially aware than when low cloud settles over the ground the ball will swing. The West Indies resumed at 49-0 Saturday after openers John…

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LEGAL NEWS NEWS CATEGORIES 

HC seeks report on shifting of Lalu to hosp director’s bungalow from ward and back

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The Jharkhand High Court on Friday sought a report from the state government on who ordered the transfer of jailed RJD president Lalu Prasad to the director’s bungalow of a Ranchi hospital from its paying ward in August and shifting him back there recently. The court directed the state government to file the report by December 18. Prasad, who was convicted in fodder scam cases, was undergoing treatment in the Rajendra Institute of Medical Science (RIMS) for multiple ailments. The former Bihar chief minister was transferred from the paying ward…

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BUSINESS NEWS CATEGORIES 

UK-EU trade talks ‘paused’ with deal still elusive

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A week of intense trade talks between Britain and the European Union ended in stalemate Friday, with negotiators stepping back while politicians decide whether major differences can be bridged to avoid a messy, economically disruptive rupture in less than a month. EU chief negotiator Michel Barnier and his British counterpart, David Frost, said they had agreed to pause negotiations while they brief the two sides’ political leaders. They said British Prime Minister Boris Johnson and European Commission President Ursula von der Leyen will discuss the state of play on Saturday.…

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NEWS CATEGORIES WORLD NEWS 

Biden says his administration will be most diverse ever

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 US President-elect Joe Biden has said that his administration would be the most diverse than it has ever been both in the Cabinet and inside the White House. Biden, 78, is due to take over as the 46th US President on January 20. African-American groups have been asking Biden, a Democrat, to nominate one of them among the big four: Secretary of State, Treasury Secretary, Defence Secretary and Attorney General. It will be the most diverse Cabinet and the main spots in both White House as well as in cabinet…

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NATIONAL NEWS NEWS CATEGORIES 

COVID-19: 36,652 new cases take India’s virus tally to 96,08,211

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 India’s COVID-19 caseload rose to 96.08 lakh with 36,652 new cases in a day, while 90,58,822 people have recuperated from the disease so far pushing the national recovery rate to 94.28 per cent on Saturday, according to the Union Health Ministry data The total coronavirus cases mounted to 96,08,211 and the death toll climbed to 1,39,700 with the coronavirus claiming?512 lives in a span of 24 hours in the country, the data updated at 8 am showed The COVID-19 case fatality rate was recorded at 1.45 per cent There are…

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Has your workplace culture become more trusting—or less—during the pandemic?

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Recently, I joined a virtual meeting with a team from a school I’ve known for some time. I was struck by how differently they were behaving toward each other. Pre-pandemic, they’d been working in beautiful surroundings with free lunches, happy hours, and lots of lovely perks. Employees clearly had a lot of fun, but below the light-hearted surface, the culture wasn’t great. Leadership was controlling, employees were complaining and blaming, and the overall culture was one of little personal accountability. On the call, however, the dynamic had shifted. People were…

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NEWS CATEGORIES SPORTS 

Williamson’s 200 puts NZ on top in 1st test vs West Indies

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The West Indies might have been having a good day on the second day of the first cricket test against New Zealand on Friday if it hadn’t been for Kane Williamson, who stood almost single-handed against them to post his third double century. The tourists picked up the wickets of Ross Taylor (38), Henry Nicholls (7), Tom Blundell (14) and Daryl Mitchell (9) in the first two sessions with a bowling performance much improved on the first day when they won the toss and fielded. But Williamson was an impregnable…

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