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Rupee gains 6 paise against US dollar in early trade

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The rupee appreciated 6 paise to 73.52 against the US dollar in opening trade on Wednesday, as gains in domestic equity market boosted investor confidence. Forex dealers said lower crude prices also helped the domestic unit to strengthen its ground. However, a strong dollar against major currencies overseas restricted the rupee’s gain, they added. At the interbank forex market, the domestic unit opened slightly lower at 73.59, but soon recovered to quote 73.52 against the US dollar, registering a rise of 6 paise over its previous close. On Tuesday, the…

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NEWS CATEGORIES WORLD NEWS 

Thousands expected to honour Ginsburg at Supreme Court

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Thousands of people are expected to pay their respects at the Supreme Court to the late Justice Ruth Bader Ginsburg, the women’s rights champion, leader of the court’s liberal bloc and feminist icon who died last week. Even with the court closed to the public because of the coronavirus pandemic and Washington already consumed with talk of Ginsburg’s replacement, the justice’s former colleagues, family, close friends and the public will have the chance Wednesday and Thursday to pass by the casket of the second woman to serve on the Supreme…

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NATIONAL NEWS NEWS CATEGORIES 

Mumbai suburbs get over 280 mm rain in 24 hours: IMD

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Mumbai received one of the highest showers in the last 24 hours of this monsoon season and more rainfall is likely in the city and suburbs on Wednesday, MeT officials said. Heavy showers overnight and early Wednesday morning caused waterlogging at many places in the metropolis, disrupting rail and road traffic. Rains across the island city and the western suburbs picked up late Tuesday evening. There were intense spells across Mumbai for a few hours overnight, an official said. “Mumbai received one of the highest rainfall in the last 24…

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NEWS CATEGORIES SPORTS 

Marsh may be ruled out of entire IPL due to ankle injury: Sources

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Australian all-rounder Mitchell Marsh is likely to be ruled out of the remainder of the IPL as the ankle injury he suffered during the game against RCB has turned out to be “serious”, team sources said on Tuesday. Playing for Sunrisers Hyderabad, Marsh was handed the ball by skipper David Warner to bowl the fifth over but he could bowl only four deliveries. Marsh, whose career has been marred by a series of injuries, twisted his ankle in the second ball while trying to stop a drive by Aaron Finch…

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ENTERTAINMENT NEWS CATEGORIES 

Zarina Wahab discharged from hospital after testing positive for COVID-19

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Veteran actor Zarina Wahab was discharged from a city hospital on Sunday, five days after she tested positive for coronavirus, according to Dr Jalil Parkar. The 61-year-old actor, best known for films “Chitchor”, “Gharonda”, “My Name is Khan” and “Dil Dhadakne Do”, was admitted to Lilavati Hospital last week after complaints of fever and breathlessness. “She was admitted last week, around September 14-15. She was COVID-19 positive. She had fever, breathlessness. I gave her all the treatment and after five days she became well and went home. She was discharged…

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LEGAL NEWS NEWS CATEGORIES 

Equity benchmark Sensex tumbled over 300 points in early trade on Tuesday tracking losses in index-heavyweights Reliance Industries, Bajaj Finance and Maruti amid negative cues from global markets and foreign fund outflows. The 30-share BSE index was trading 305.12 points or 0.80 per cent lower at 37,729.02; while the NSE Nifty fell 97.10 points or 0.86 per cent to 11,153.45. Tata Steel was the top loser in the Sensex pack, shedding around 3 per cent, followed by Bajaj Finance, ONGC, Maruti, Bajaj Finserv, M&M and Titan. On the other hand, HCL Tech, Tech Mahindra and TCS were among the gainers. In the previous session, Sensex ended 811.68 points or 2.09 per cent lower at 38,034.14, while Nifty tumbled 254.40 points or 2.21 per cent to finish at 11,250.55. Meanwhile, exchange data showed that foreign institutional investors sold equities worth Rs 539.81 crore on a net basis on Monday. According to traders, global market selloff has been triggered by several factors such as reports about likely irregular financial dealings involving some of the major international banks, and the fears of the pandemic rising in a second wave in many parts of Europe. Bourses in Shanghai, Hong Kong and Seoul were trading with losses in mid-day deals. Stock exchanges in the US ended on a negative note in overnight session. Meanwhile, global oil benchmark Brent crude was trading 0.27 per cent higher at USD 41.55 per barrel.

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The Supreme Court has imposed an interim stay on an order of consumer commission NCDRC directing German automobile company BMW to compensate a customer by replacing his vehicle with a new one after it got damaged in an accident. A bench headed by Justice D Y Chandrachud issued notices to the customer, Dassault Systemes India Private Limited, Bajaj Allianz General Insurance Company Limited, Bird Automotive Pvt Ltd and sought their replies. There shall be an interim stay of the judgment and order of the National Consumer Disputes Redressal Commission (NCDRC)…

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BUSINESS NEWS CATEGORIES 

Sensex falls over 300 pts in early trade; Nifty drops below 11,200

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Equity benchmark Sensex tumbled over 300 points in early trade on Tuesday tracking losses in index-heavyweights Reliance Industries, Bajaj Finance and Maruti amid negative cues from global markets and foreign fund outflows. The 30-share BSE index was trading 305.12 points or 0.80 per cent lower at 37,729.02; while the NSE Nifty fell 97.10 points or 0.86 per cent to 11,153.45. Tata Steel was the top loser in the Sensex pack, shedding around 3 per cent, followed by Bajaj Finance, ONGC, Maruti, Bajaj Finserv, M&M and Titan. On the other hand,…

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NEWS CATEGORIES WORLD NEWS 

Pak reports 582 new cases of coronavirus: Health Ministry

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Pakistan has reported 582 new cases of coronavirus, taking the total number of infections in the country to 306,886, the health ministry said on Tuesday. The Ministry of National Health Services said Pakistan also reported the death of four more patients due to which the coronavirus death toll stands at 6,424. “The current infection cases stands at 306,886 while the death toll has surged to 6,424,” the health ministry said in a statement. The ministry said that 293,159 people have fully recovered from the disease. Sindh reported 134,243 cases, Punjab…

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NATIONAL NEWS NEWS CATEGORIES 

Opposition to boycott Rajya Sabha till suspension of 8 members revoked:Azad

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Leader of Opposition in Rajya Sabha Ghulam Nabi Azad on Tuesday said the opposition will boycott the proceedings of the House till the suspension of eight members is revoked. Speaking after the Zero Hour, Azad also demanded that the government brings a bill which should ensure private players don’t procure food grains below the minimum support price (MSP) fixed by the government. He also asked the government that the MSP should be fixed from time to time as the C2 Swaminathan formula. As many as eight members of the Rajya…

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LEGAL NEWS NEWS CATEGORIES 

Centre approved anti-viral medicines to treat COVID-19 patients, says SC

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The Supreme Court on Wednesday said there was an approval by the Central government on use of Remdesivir and Fabiparivir as medicines to treat COVID-19. The top court was hearing a plea seeking registration of an FIR by the CBI against ten Indian pharmaceutical firms for manufacturing and selling these two medicines for treating COVID-19 patients allegedly without valid licences. Remdesivir and Favipiravir are antiviral drugs and their efficacy in treating COVID-19 patients have been a matter of debate among medical experts. A bench comprising Chief Justice S A Bobde…

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