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LIVE: 3 BJP workers killed in terrorist attack in J&K's Kulgam district

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The government is likely to extend the deadline to bid for Air India till December 14and also give flexibility to a potential investor to decide on the humongous debt with the national carrier, a source said. The deadline to bid for buying out Air India ends on October 30.

The Union Cabinet on Thursday raised the price of ethanol for doping in petrol by 5-8 per cent, I&B Minister Prakash Javadekar said. The move will help farmers get remunerative price while also cutting down oil imports, he said. As much as 10 per cent ethanol is doped in petrol. The move also checks pollution as ethanol is environment-friendly, the minister added.

Keshubhai Patel, former Chief Minister of Gujarat, passed away on Thursday at the age of 92. He was admitted at a hospital in Ahmedabad.

The National Investigation Agency (NIA) today continued searches in a terror funding case at nine locations in Jammu and Kashmir and Delhi. The agency also raided the properties related to former Delhi Minority Commission chief Zafarul Islam Khan.

The prestige of both the major political parties, the Congress and the Bharatiya Janata Party (BJP), is at stake as six municipal corporations in three Rajasthan cities go to the polls today. While the ruling Congress eyes a return to power in the urban bodies, riding on the confidence that the voters are satisfied with the state government's performance, the BJP faces a challenge to maintain its dominance.

Stay tuned for the latest news of the day.

 

1:57 AM

Amazon third-quarter net sales beat estimates as more people shop online

1:57 AM

Twitter beats revenue expectations but misses on user growth

1:56 AM

Facebook quarterly revenue beats estimates, rises to $21.47 billion

1:56 AM

Asteroid samples tucked into capsule for return to Earth

A NASA spacecraft more than 200 million miles away has tucked asteroid samples into a capsule for return to Earth, after losing some of its precious loot.
 
Flight controllers moved up the crucial operation after some of the collected rubble spilled into space last week.
 
The Osiris-Rex spacecraft gathered pebbles and other pieces of asteroid Bennu on October 20, briefly touching the surface with its robot arm and sucking up whatever was there.
 
So much was collected an estimated hundreds of grams' worth that rocks got wedged in the rim of the container and jammed it open, allowing some samples to escape.
1:45 AM

IMF blames resurgent coronavirus for UK growth downgrades

The International Monetary Fund has downgraded its growth forecasts for the British economy for this year and next, following an acceleration in the number of coronavirus infections over the past couple of weeks.
 
In its annual assessment of the British economy published Thursday, the Washington D.C.-based body lowered the forecasts it made just two weeks ago.
 
Instead of shrinking by 9.8 per cent this year, the Fund now expects the British economy to contract by 10.4 per cent.
1:35 AM

India dealt China border crisis with firmness, maturity: Foreign Secy

India has dealt with the "worst crisis" in decades along its border with China with "firmness and maturity" despite facing the challenge of the coronavirus pandemic, Foreign Secretary Harsh Vardhan Shringla said on Thursday.
 
In an address at a leading think-tank in Paris, Shringla mentioned two recent terrorist incidents in France, one of which he said had its origins in Pakistan, noting that the civilised world needs to act with firmness to address the threat of terrorism.
 
Shringla said India and France face similar non-traditional security threats in the form of radicalism and terrorism, and the fight today is not against specific communities or individuals but against a "radical politico-religious ideology".
1:23 AM

Exxon to cut 14,000 jobs as coronavirus pandemic dents oil demand

12:49 AM

Why is corporate America distancing itself from Trump ahead of election

To put it in terms a Twitter-happy US president would understand, it has been more subtweet than tweetstorm. 

In recent days, leading US industry associations, chief executives, investors and business school professors have issued oblique rebukes of Donald Trump’s suggestions that he may not abide by the results of next week’s election if he does not like them. Most have been carefully worded but, as with any artfully indirect social media post, their meaning has been unmistakable. 

Most notably, several of the US’s biggest industry groups joined forces on Tuesday on a statement as striking as it was anodyne
11:25 PM

Can carry only 25 per cent commuters in Mumbai with distancing: Railways

A day after the Maharashtra government proposed that general public be allowed to travel on Mumbai locals, the railway authorities said only a little over 25 per cent of the normal number of commuters can be carried while following social distancing.
 
In normal -- pre-Covid-- times, 8 million people traveled daily by Mumbai suburban local trains.
 
The Western Railway said in a letter to the state on Thursday that it can transport a maximum of 960,000 commuters even if it operated all 1,367 suburban services, while the Central Railway said only 1.2 million passengers can be ferried even if it operated all 1,776 services.
11:14 PM

MEA was issuing million passports per month before Covid-19: V Muraleedharan

10:56 PM

Exxon to cut 1,900 US jobs as oil industry struggles

Exxon Mobil is slashing 1,900 jobs from its US workforce as the pandemic continues to sap demand for fuel.
 
The Irving, Texas-based oil giant said the reductions will be both voluntary and involuntary and will largely come from its management offices in Houston. The company had about 75,000 employees worldwide at the end of 2019.
 
The oil industry has been struggling all year after prices fell well below what producers need to break even.
10:49 PM

Army decides to recommend CBI probe into a number of construction projects

The Army has decided to recommend a CBI probe into a number of cases of alleged irregularities in certain housing projects involving private contractors and Military Engineer Services, government sources said on Thursday.
 
They said the Army has already approached the premier probe agency to investigate the alleged irregularities in implementation of a housing project in Meerut.
 
Probe into the Army Married Accommodation Project (MAP) in Uttar Pradesh's Meerut is being handed over to the Central Bureau of Investigation (CBI) after finding widespread irregularities and financial bunglings in its implementation, the sources said.
10:43 PM

Shipping Ministry issues draft 'Coastal Shipping Bill, 2020' for public consultation

The Shipping Ministry on Thursday said it has issued draft 'Coastal Shipping Bill, 2020' for public consultation, in accordance with Prime Minister Narendra Modi's vision for augmenting people's participation and transparency in the governance.
 
As the shipping sector grows and evolves in the country, a need was felt to have a separate legislation on coastal shipping, which is an integral part of transport chain, and recognize the policy priorities of the sector to meet the demands of the Indian shipping industry, the ministry said in a statement.
 
"The Ministry of Shipping has drafted a Coastal Shipping Bill, 2020 in lieu of part XIV of the Merchant Shipping Act, 1958," it added.
10:42 PM

Delhi University VC's suspension 'delayed action', Centre allowed varsity to be mismanaged: Manish Sisodia

10:37 PM

Non-food bank credit growth decelerated to 5.8 per cent in September

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First Published: Oct 29 2020 | 7:06 AM IST