Highlights: Fema authority orders confiscation of Rs 252 cr assets of Chinese-controlled loan app

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10:08 PM

Delhi's maximum temperature settles at 34.5 degrees Celsius

The national capital experienced clear skies on Thursday, with the maximum temperature recorded at 34.5 degrees Celsius, which is normal for this time of the season, according to the weather department. Humidity in the city stood at 41 per cent at 5.30 pm, the India Meteorological Department (IMD) said.

9:56 PM

Section of Samsung workers, CITU leaders detained; released later

A section of workers of Samsung India Electronics along with CITU leaders were arrested on Thursday and released later, after they tried to stage a protest near here without obtaining permission, police said. Samsung employees are on an indefinite strike since September 9 pressing for various demands including revised pay, better working conditions and registering the Centre of Indian Trade Unions (CITU) backed newly formed Samsung India Workers' Union by the state labour department.

9:51 PM

US, India share vision of using technology to protect people: Garcetti

US Ambassador to India Eric Garcetti on Thursday said that the two largest democracies in the world share a vision of using technology to connect and protect their people, and as a force for good. Speaking at the US-India Science and Technology Endowment Fund 2024 Awards Reception, he said the two countries have been investing in the next generation of "magicians who will conjure up the solutions this world so badly needs".

9:51 PM

HP govt to rope in IIT Mandi experts to study sinking portion of Bhimakali temple

Experts from IIT Mandi would be roped in to study the causes of sinking of a portion of the famous Bhimakali temple here and steps would be taken based on their report, Himachal Pradesh minister Vikramaditya Singh said on Thursday. A portion of the temple is sinking continuously and no repairs or additional construction should be undertaken till the experts' report is received, the public works minister said while presiding over a meeting of the Bhimakali Temple Trust in Rampur.

8:57 PM

India to help ASEAN explore linking payment systems

India will share its knowledge and experiences in using digital public infrastructure (DPI) such as Aadhaar and Unified Payments Interface with the ASEAN nations and explore collaboration to address diverse challenges in education, healthcare, agriculture and climate change, a joint statement said on Thursday. In the joint statement issued after the 21st India-ASEAN summit which was attended by Prime Minister Narendra Modi, the two sides also declared that they would explore collaboration of cross-border linkages between payment systems in ASEAN and India through innovative digital solutions.

8:52 PM

NFRA slaps audit firm, two auditors with fines worth Rs 2.15 cr in Coffee Day Enterprises case

The National Financial Reporting Authority on Thursday imposed penalties totalling Rs 2.15 crore on an audit firm and two auditors for lapses in relation to the statutory audit of Coffee Day Enterprises Ltd for 2019-20. Venkatesh & Co as well as chartered accountants Dasaraty V and Desikan G have been penalised by the regulator. They were members of the engagement team for the statutory audit of Coffee Day Enterprises Ltd (CDEL).

8:35 PM

ED attaches assets worth over Rs 3 cr of ex-JK Grameen Bank branch manager in fraud case

The ED on Thursday said it has attached assets worth Rs 3.40 crore of a former Jammu and Kashmir Grameen Bank (JKGB) branch manager, his family members and some others in a case linked to alleged fraud with the lender. A provisional order was issued under the Prevention of Money Laundering Act (PMLA) against former bank official Ishtiyaq Ahmad Parray, (a resident of Tangbagh, Khayam, Srinagar), Tariq Ali Parray, Haseena Bano and Maqsood Ali Parray to freeze their properties located in Srinagar and a flat in Delhi's Zakir Nagar area, the agency said in a statement.

8:33 PM

Fema authority orders confiscation of Rs 252 cr assets of Chinese-controlled loan app

Assets worth more than Rs 252 crore of an Indian subsidiary of a Norwegian company "controlled" by Chinese persons have been ordered for confiscation in a FEMA probe against an "illegal" money lending mobile app named 'CashBean', the ED said on Thursday. The Enforcement Directorate said an order, post adjudication, was issued on October 7 against PC Financial Services Pvt Ltd (PCFS) under the Foreign Exchange Management Act (FEMA) along with imposition of a penalty of more than Rs 2,146 crore against the said company.

7:48 PM

JSW Steel partners with BHP, Carbon Clean to work on capture tech in steelmaking

JSW Steel on Thursday said it has signed a pact with BHP and Carbon Clean to accelerate the deployment of carbon capture technology in the steelmaking process. India's steel sector accounts for 12 per cent of India's greenhouse gas emissions, with an emission intensity of 2.5 tonnes of CO2 per tonne of crude steel compared to the global average of 1.9 tonnes of CO2 per tonne of crude steel, as per official estimates.

7:43 PM

WTO slightly raises 2024 goods trade forecast but wary of potential setbacks

The World Trade Organisation raised its outlook for global goods trade this year slightly, but cautioned Thursday that increasing geopolitical tensions and uncertainty over economy policy pose substantial risks to its forecast. The Geneva-based WTO projected that global goods trade will increase by 2.7 per cent this year, compared with the 2.6 per cent it forecast in April. But it predicted growth of 3 per cent next year, down from the 3.3 per cent it forecast previously. Last year, the volume of world merchandise trade was down 1.1 per cent, pushed lower by high inflation and rising interest rates.

7:33 PM

Centre releases tax devolution worth Rs 1.78 trillion to states

The union government on Thursday released tax devolution of Rs 178,173 crore to states including one advance instalment of Rs 89,086.50 crore in addition to regular instalments in view of the festive season. States get normal monthly devolution of Rs 89,086.50 crore.

7:17 PM

Punjab Police busts narcotic network

A Amritsar jail warden and two others were arrested as the Punjab Police busted a trans-border narcotic network, officials said on Thursday. Police also recovered 4.50 kg heroin and Rs 4.32 lakh cash from their possession, said Director General of Police (DGP) Gaurav Yadav.

7:01 PM

2015 riots: UP orders withdrawal of criminal case against 31 accused

The Uttar Pradesh government has ordered the withdrawal of a criminal case pending against 31 accused persons related to a riot and arson incident that occurred in 2015 during clashes between people of different communities. The incident took place under the Samajwadi Party government and was triggered by alleged disrespect to a religious poster in Darshanpurwa under the Fazalganj police station area.

6:19 PM

US consumer inflation eases more than expected

The headline rate of US consumer inflation eased more than expected last month, according to government data published Wednesday, bolstering expectations that the Federal Reserve will cut interest rates next week.

6:10 PM

India to review Trade in Goods Agreement with Asean by 2025: PM Modi

India to review Trade in Goods Agreement with Asean by 2025; initiate mechanism for cyber policy dialogue, says PM Modi.

4:53 PM

Nobel Prize in literature is awarded to South Korean author Han Kang

The Nobel Prize in literature was awarded Thursday to South Korean author Han Kang for what the Nobel committee called “her intense poetic prose that confronts historical traumas and exposes the fragility of human life.” Kang, 53, won the International Booker Prize in 2016 for “The Vegetarian,”

4:43 PM

TCS Q2FY25 results: Shares listed in Mumbai closed 0.6% lower ahead of the results

4:42 PM

TCS is the first Indian tech major to report results this earnings season

Rival HCLTech reports its numbers on Monday.

4:39 PM

TCS net profit below analysts' prediction

TCS's net profit rose 5% to Rs 11,909 crore in the three-month period, below the Rs 12,502 crore expected by analysts, according to LSEG data.

 

 

 

 

4:37 PM

TCS results: Firm's revenue rose 7.7% YoY to Rs 64,259 crore in September quarter

Analysts, on average, expected revenue of Rs 64,093 crore, according to LSEG data. Revenue is the key metric that analysts and market participants look at in the Indian IT segment as most companies provide annual revenue growth forecasts.

 

4:34 PM

TCS Q2FY25 net profit rises 5% to Rs 11,909 cr, misses estimates

TCS Q2 revenue rises 7.06 per cent to Rs 64,988 crore from Rs 60,698 crore in year-ago period.

4:22 PM

21st Century is the century of India and ASEAN nations: PM Modi

India-ASEAN are neighbours, partners in Global South, and a fast growing region in the world, PM Modi stated today.

 

3:58 PM

Himachal farmers practising natural farming to get Rs 33,000 grant to purchase cow

Farmers practising natural farming in Himachal Pradesh will receive a grant of Rs 33,000 for buying a cow, along with a subsidy of Rs 8,000 for paving the cowshed floor, ATMA official said on Thursday. "Farmers doing natural farming in the state will be given a grant of Rs 33,000 for buying a local cow besides a subsidy of Rs 8,000 for paving the floor of the cowshed," said Neha Bhardwaj, Assistant Technical Manager of the Agricultural Technology Management Agency (ATMA), during an event at Manjhiar village.

3:25 PM

Cong holds review meeting on Haryana, top brass deliberates reasons for 'unexpected' poll results

The Congress top brass headed by party chief Mallikarjun Kharge held a review meeting on Thursday on the party's shock defeat in the Haryana assembly polls and discussed the possible reasons for the "unexpected" results.

3:17 PM

News update: Omar Abdullah elected leader of NC legislature party

Omar Abdullah thanked the National Conference (NC) legislators on Thursday for electing him their leader so that he can stake claim to form the government in Jammu and Kashmir. "You are aware of the decision that was taken. A meeting of the NC legislature party took place, the legislature party has decided its leader and I am thankful from the bottom of my heart to the NC legislators that they have reposed their faith in me and given me a chance to stake claim for government formation," Abdullah said.

2:51 PM

Olympians Manu Bhaker, Maheshwari Chauhan honoured by alma mater LSR

Olympians Manu Bhaker and Maheshwari Chauhan were on Thursday honoured by their alma mater, Lady Shri Ram College for Women, for their "exceptional performance" at the 2024 Paris Olympics. The Delhi University college organised a special ceremony to celebrate their achievements and their contribution to Indian sports. Bhaker, who completed her Political Science (Hons) degree from LSR in 2012, made history by becoming the first Indian female shooter to win an Olympic medal and the first Indian athlete to win two medals in a single Olympics.

2:17 PM

6 injured as firecrackers explode during religious procession in Punjab

Six people were injured after a bag containing firecrackers accidentally caught fire and exploded during a religious procession here on Thursday, police said. The incident took place in the Prahlad Nagar area, police said, adding that due to the intensity of the explosion, the windows of nearby houses, shops and cars got damaged.

2:13 PM

96% Haryana lawmakers crorepatis, 13% face criminal cases: ADR

In the newly-elected 90-member Haryana Assembly, 86 MLAs (96 per cent) are crorepatis, while 12 (13 per cent) have criminal cases against them, according to an analysis by poll rights body ADR. An analysis of the affidavits of all the 90 winning candidates by the Association for Democratic Reforms (ADR) and Haryana Election Watch show a slight rise in the number of crorepati MLAs, from 93 per cent in 2019 to 96 per cent this time.

2:06 PM

KAP Sinha assumes charge as Punjab chief secretary

Senior IAS officer KAP Sinha on Thursday assumed charge as the chief secretary of Punjab. Sinha, a 1992-batch IAS officer of the Punjab cadre, will also hold the additional charge of principal secretary, vigilance, general administration and personnel. He replaces 1993-batch IAS officer Anurag Verma.

1:40 PM

Kerala Assembly passes resolution against holding simultaneous polls in country

The Kerala assembly on Thursday unanimously passed a resolution urging the central government to roll back its decision to approve the proposal for 'one nation, one election' recommended by the Ramnath Kovind panel, saying that it was "undemocratic and unconstitutional". The resolution was moved on behalf of Chief Minister Pinarayi Vijayan by state Parliamentary Affairs Minister M B Rajesh who said that the proposal would weaken the country's federal system and sabotage the diverse nature of India's parliamentary democracy.