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Rupee tanks 31 paise, slips below 76 per dollar level in early trade

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The rupee depreciated 31 paise to 76.10 against the US dollar in opening trade on Friday as strengthening US dollar, weak domestic equities and sustained foreign fund outflows weighed on investor sentiment. Forex traders said risk appetite has waned and there is growing concern about a resurgence of COVID-19 infections. The rupee opened weak at 76.10 at the interbank forex market, down 31 paise over its last close. It had settled at 75.79 against the US dollar on Thursday. Traders said, market participants are keenly awaiting Consumer Price Index (CPI)…

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NATIONAL NEWS NEWS CATEGORIES 

India records over 10,000 COVID-19 cases in single day, tally nears 3 lakh: Health Ministry

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For the first time since the COVID-19 outbreak, India recorded over 10,000 new cases in a day taking the tally to 2,97,535, while the death toll rose to 8,498 with a record single-day spike of 396 fatalities, according to the Union Health Ministry data. The country has registered 10,956 new coronavirus infections in the last 24 hours till Friday 8 am. India on Thursday went past the United Kingdom to become the fourth worst-hit nation by the COVID-19 pandemic, according to the Worldometer. The number of active cases stands at…

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NEWS CATEGORIES WORLD NEWS 

Trump considering suspending H1B, other visas: report

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US President Donald Trump is considering suspending a number of employment visas including the H-1B, most sought-after among Indian IT professionals, in view of the massive unemployment in America due to the coronavirus pandemic, according to a media report. The proposed suspension could extend into the government’s new fiscal year beginning October 1, when many new visas are issued, The Wall Street Journal reported on Thursday, quoting unnamed administration officials. That could bar any new H-1B holder outside the country from coming to work until the suspension is lifted, though…

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Players will have to be mentally strong when international cricket resumes: Mushtaq Ahmed

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Spin consultant and mentor of the Pakistan team, Mushtaq Ahmed says more than the skills, the players’ mental strength will matter when top-level cricket resumes amidst the COVID-19 pandemic in England.   Ahmed, who recently joined the national set-up, said the series between England and the West Indies will provide lessons as the game is set to resume with that series, starting July 8. “I think we are going to learn a lot from the West Indies and England series and in the Covid-19 conditions. More than the skills, the…

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ENTERTAINMENT NEWS CATEGORIES 

JK Rowling responds to critics over her transgender comments

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Harry Potter” creator J.K. Rowling said she refuses to bow down” to criticism about her recent comments on transgender people.   Rowling published a lengthy post on her blog website Wednesday in response to the backlash and her concerns over new trans activism.” She has been under hefty scrutiny about her thoughts on transgender identity from the LGBTQ community along with Eddie Redmayne and Daniel Radcliffe, who starred in the Harry Potter film franchise. I refuse to bow down to a movement that I believe is doing demonstrable harm in…

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LEGAL NEWS NEWS CATEGORIES 

SC defers hearing on plea against LS polls at Wayanad, Ernakulam

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The Supreme Court on Wednesday deferred the hearing by two weeks on a plea challenging the election of former Congress President Rahul Gandhi in 2019 from Wayanad Lok Sabha constituency in Kerala.   The top court was to hear the appeal of one Saritha S Nair against the October 31, 2019 decision of the Kerala High Court by which her election petitions challenging the Lok Sabha polls in Wayanad and Ernakulam also were dismissed. Nair’s nomination papers for contesting Lok Sabha polls from Wayanad and Ernakulam Lok Sabha seats were…

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BUSINESS NEWS CATEGORIES 

Asian shares slide after Wall Street retreat

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Asian shares were mostly lower Thursday, with Tokyo dropping more than 1 per cent as the Japanese yen gained after the Federal Reserve said it would keep interest rates low through 2022.   Asian markets had been expected to fall after the Fed signaled a long path to recovery from the devastation of the coronavirus pandemic. Overnight, stocks ended a bumpy day mostly lower on Wall Street, though gains for several big technology companies helped push the Nasdaq above 10,000 for the first time. It gained 0.7 per cent, to…

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NEWS CATEGORIES WORLD NEWS 

Trump: No change at bases named for Confederate officers

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President Donald Trump on Wednesday said his administration will not even consider changing the name of any of the 10 Army bases that are named for Confederate Army officers.   Two days earlier, Defense Secretary Mark Esper indicated that he was open to a broad discussion of such changes. These Monumental and very Powerful Bases have become part of a Great American Heritage, a history of Winning, Victory, and Freedom, Trump wrote. The United States of America trained and deployed our HEROES on these Hallowed Grounds, and won two World…

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NATIONAL NEWS NEWS CATEGORIES 

COVID crisis an opportunity, time for bold decisions and investments: Modi

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Insisting that the COVID-19 crisis should be turned into an opportunity to create an ‘Atmanirbhar Bharat’, Prime Minister Narendra Modi on Thursday said this is the time to make bold decisions and investments. Addressing the 95th annual plenary session of the Indian Chamber of Commerce in Kolkata through video conference, he said, steps have to be taken to ensure that products imported from abroad are manufactured in the country. “In the last five-six years, India’s goal of self- reliance has been paramount in the policy and practice of the country.…

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AP sources: MLB players cut to 89 games, want prorated money

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Baseball players moved toward teams but remained far apart economically in their latest proposal for starting the pandemic-delayed season, adamant they receive full prorated salaries while offering to cut the regular season to 89 games.   The proposal by the players’ association, given to Major League Baseball electronically Tuesday evening without a negotiating session, was detailed to The Associated Press by a pair of people familiar with the negotiations. They spoke on condition of anonymity because no announcements were authorized. MLB did not appear to view the proposal as productive…

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