India's forex reserves cross $500 bn mark

Mumbai (IANS) India's foreign exchange reserves rose by over $8.223 billion during the week ended June 5 to cross the $500 billion mark.

According to the RBI's weekly statistical supplement, the overall forex reserves increased to $501.703…

NIA takes custody of 22-yr-old woman LeT handler

New Delhi (IANS) In a bid to bust the female spies ring in India, the National Investigation Agency (NIA) has taken the custody of a 22-year-old Lashkar-e-Taiba (LeT) handler, who was in touch with several handlers in Pakistan.

According to…

'Op Congress' in Jharkhand in response to 'Op Kamal'

New Delhi (IANS) Even as a political tug of war is on in the run-up to the June 19 Rajya Sabha biennial elections, the Congress is trying to outmaneuver the BJP to win two seats in the Upper House of Parliament from Jharkhand.

One candidate…

Sensex plunges 1,100 points on global cues as Covid cases surge

Mumbai (IANS) The BSE Sensex plunged over 1,100 points during initial trade on Friday tracking a similar trend in the global markets.

International indices fell over growing concerns of rise in coronavirus cases in several countries after the…

India could move to 2 dominant telcos in Airtel, Jio

New Delhi (IANS) Despite Vodafone Idea giving guarantee, the telcos market is seen gravitating towards a two-player dominant market with Bharti and Reliance Jio.

According to a research note by BofA Securities, "We view SC verdictas negative…

SC gives 3 days to Fin Min, RBI to decide on moratorium period interest

New Delhi (IANS) The Supreme Court on Friday asked Solicitor General Tushar Mehta to convene a meeting of the Finance Ministry and RBI officials over the weekend to decide whether interest incurred on EMIs during the moratorium period can be charged…

Airlines may give 2-year credit note for tickets cancelled during lockdown

New Delhi (IANS) The Supreme Court on Friday asked the Centre to take a stand on refunding by airlines on cancellation of tickets during the lockdown, and suggested that the airline operators must extend the credit period for two years.

A bench…

Big relief to Def industry, existing contracts get 4 months extension

New Delhi (IANS) In a big relief to domestic arms and ammunition industry, the Ministry of Defence on Friday issued orders giving a four-month extension of delivery period to all capital acquisition contracts due to Covid pandemic.

The ministry…

Arms recovered from Maoists in Palamau

Ranchi (IANS) Jharkhand Police on Friday recovered a cache of arms and ammunitions after a gun battle with Maoists in Palamau district.

According to the police, the gunfight took place inside a jungle in Tandawa for nearly an hour. The insurgents…

Disney to reopen California theme parks next month

Los Angeles (IANS) Disney theme parks in Anaheim, California, will begin a phased reopening from July after being closed nearly three months due to the COVID-19 pandemic, the company said.

The Disneyland Resort, which is home to two theme parks…