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Sensex falls over 300 pts in early trade; Nifty below 14,350

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 Equity benchmark Sensex declined over 300 points in early trade on Friday, tracking losses in index majors HDFC twins, ICICI Bank and Infosys amid concerns that the second wave of COVID-19 pandemic may derail the economic recovery of the country. The 30-share BSE index was trading 316.81 points or 0.66 per cent lower at 47,763.86. Similarly, the broader NSE Nifty dropped 75.45 points or 0.52 per cent to 14,330.70. ICICI Bank was the top loser in the Sensex pack, shedding around 2 per cent, followed by HDFC twins, Bajaj Finance,…

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NEWS CATEGORIES WORLD NEWS 

Canada bans passenger flights from India, Pak for 30 days due to surge in COVID-19 cases

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The Canadian government has banned all passenger flights from India and Pakistan for 30 days due to the unprecedented spike in COVID-19 cases in the region, the longest country-specific travel ban imposed by Canada. The flight ban took effect from midnight Thursday, Transport Minister Omar Alghabra said on Thursday. A number of countries like the UK, Australia and Singapore have banned travel to and from India due to surge in coronavirus infections. Over 3.14 lakh new coronavirus cases were registered in India on Thursday, the highest-ever single-day count in any…

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NATIONAL NEWS NEWS CATEGORIES 

Another hospital, another fire: 13 die in Virar ICU blaze in Maharashtra

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Thirteen COVID-19 patients, including five women, died in a blaze at the intensive care unit of a private hospital in Palghar district of Maharashtra on Friday, police said There were 90 patients in the hospital, 18 of them in the ICU, when the fire broke out after a blast in the AC unit, an official said. TV visuals showed the smoke-filled ICU in a disarray after the blaze, with the ceiling falling off in some places, beds and other furniture strewn around and kin of the deceased wailing outside the…

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LEGAL NEWS NEWS CATEGORIES 

Lack of infrastructure in lower courts for recording of evidence: plea in HC

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There is total lack of infrastructure in the courts in the national capital for facilitating recording of evidence by local commissioners, a plea in the Delhi High Court has claimed and sought directions to the AAP government to make a scheme for the same. A bench of Chief Justice D N Patel and Justice Jasmeet Singh issued notice to the Delhi government and sought its stand on the petition which has sought formulation of a scheme for ensuring proper infrastructure and logistical support for recording of evidence by the local…

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BUSINESS NEWS CATEGORIES 

Ambani buys Britain’s iconic country club Stoke Park for 57 million pounds

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 Billionaire Mukesh Ambani’s Reliance Industries Ltd has bought Britain’s iconic country club and luxury golf resort, Stoke Park, for 57 million pounds (about Rs 592 crore). The acquisition adds to Reliance’s current stake in Oberoi hotels and hotel/managed residences in Mumbai that it’s developing. Over the past four years, Reliance has announced USD 3.3 billion in acquisitions with 14 per cent in retail, 80 per cent in technology, media, and telecom (TMT) sector, and 6 per cent in energy. The UK-based firm, which owns a hotel and golf course in…

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NATIONAL NEWS NEWS CATEGORIES 

Faced with staff shortage, AIIMS discontinues contact tracing of exposed healthcare workers

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The All India Institute of Medical Sciences (AIIMS) here has decided to discontinue contact tracing of exposed healthcare workers and quarantine of asymptomatic contacts amid the current COVID-19 situation that has led to insufficient resources and shortage of staff. Only symptomatic healthcare workers (HCWs) will be tested and only those testing positive will be isolated and managed as per the clinical condition. The decisions were taken at a COVID-19 review meeting held under the chairmanship of AIIMS Director Dr Randeep Guleria on Thursday. “In view of the current situation of…

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NEWS CATEGORIES WORLD NEWS 

Worries grow about Indonesian sub’s crew as oxygen dwindles

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Indonesian navy ships were scouring the waters off Bali on Friday as they raced against time to find a submarine that disappeared two days ago and has less than a day’s supply of oxygen left for its 53 crew. The KRI Nanggala 402 went missing after its last reported dive Wednesday off the resort island, and concern is mounting the submarine may have sunk too deep to reach or recover. The navy chief said the submarine was expected to run out of oxygen by around 3 a.m. Saturday. We will…

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NATIONAL NEWS NEWS CATEGORIES 

Govt to provide Rs 4,500 cr booster to vaccine manufacturers for ramping up capacity

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 Looking to ramp up supplies ahead of the opening of Covid-19 vaccination to all citizens over 18 years of age, the government has approved a payment of about Rs 4,500 crore as advance to vaccine makers like Serum Institute of India (SII) and Bharat Biotech against future supplies, sources said. SII will supply 200 million doses and Bharat Biotech is to supply another 90 million doses to the government by July at a pre-agreed rate of Rs 150 per dose. Sources said the finance ministry has relaxed rules to allow…

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Walter Mondale, Carter’s vice president, dies at 93

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Former Vice President Walter F. Mondale, a liberal icon who lost one of the most lopsided presidential elections after bluntly telling voters to expect a tax increase if he won, died Monday. He was 93. The death of the former senator, ambassador and Minnesota attorney general was announced in a statement from his family. No cause was cited. Mondale followed the trail blazed by his political mentor, Hubert H. Humphrey, from Minnesota politics to the US Senate and the vice presidency, serving under Jimmy Carter from 1977 to 1981. In…

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BUSINESS NEWS CATEGORIES 

Rupee rises 23 paise to 74.64 against US dollar in early trade

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The rupee advanced by 23 paise to 74.64 against the US dollar in opening trade on Tuesday, tracking weaker dollar against key rivals and a positive trend in the domestic equity market. Forex traders said the government’s decision to open COVID vaccination to all above 18 years from May 1 lifted investor sentiment. At the interbank forex market, the local unit opened at 74.65 against the US dollar, then gained some strength to quote at 74.64, a rise of 23 paise over its last close. In the previous session, the…

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