US long-term mortgage rates fall; 30-year at 2.67 per cent
US long-term mortgage rates declined this week to record low levels for the 15th time this year against the backdrop of an economy ravaged by the pandemic.
Mortgage finance giant Freddie Mac said Thursday that the average rate on the 30-year fixed-rate home loan fell to 2.67 per cent from 2.71 per cent last week. A year ago, the benchmark rate stood at 3.73 per cent.
The average rate on 15-year fixed-rate loans eased to 2.21 per cent from 2.26 per cent.
1:20 AM
Trump's move to his Florida estate challenged by neighbour
President Donald Trump's expected move to his Mar-a-Lago club after he leaves office next month is being challenged by a lawyer who says a 1990s agreement allowing Trump to convert the Florida property into a business prohibits anyone from living there, including him.
Attorney Reginald Stambaugh sent a letter this week to the Town of Palm Beach saying he represents a neighbor who doesn't want the president to take up residence at the 17-acre property because it would decrease the area's property values.
He also asserts that a microwave security barrier operated by the Secret Service is harming his client, who he says is exhibiting symptoms of microwave exposure. He did not give the client's name.
12:43 AM
Earthquake hits Alwar in Rajasthan; tremors felt in Delhi
A medium-intensity earthquake of magnitude 4.2 hit Alwar district in Rajasthan on Thursday, tremors of which were felt in Delhi-NCR, the National Center for Seismology (NCS) said.
The epicentre of the quake was Alwar in Rajasthan, according to the NCS.
The earthquake of magnitude 4.2 occurred at 11.46 pm at a depth of five kilometres, it said.
11:38 PM
PM may flag off Delhi Metro's driverless train soon
Prime Minister Narendra Modi may flag off the country's first driverless metro train later this month in the national capital, official sources said on Thursday.
The train will be flagged off on the Magenta Line (Janakpuri West- Botanical Garden) of the Delhi Metro Rail Corporation (DMRC), they said.
"A proposal has been sent to the Prime Minister's Office to flag off the driverless train around December 25," a source said.
"Our driverless metro train, which will be the first in the country, is ready to be flagged off. We have made all preparations on our part," the source said.
9:09 PM
Stormy Mamata battles hard ahead of Bengal polls
Mamata Banerjee was Thursday waging a hardy battle with the Modi government that demanded three of her IPS officers on central deputation against her will, and another with mutinous TMC leaders led by a regional satrap seeking to thwart her bid for a third term in office.
As the West Bengal chief minister was busy containing the fallout of an internecine feud in her TMC following a rebellion by a redoubtable Suvendu Adhikari, the Centre shot off a fresh letter to her government to immediately relieve three IPS officers for central deputation.
Suitably provoked, a combative Banerjee dubbed the move "unconstitutional and unacceptable" and a "brazen attempt to control the state machinery by proxy", escalating tensions between the state and the Centre.
9:05 PM
'Cold day': Delhi records lowest maximum temperature of the season
Delhi recorded a "cold day" on Thursday as the maximum temperature dropped to 15.2 degrees Celsius, seven notches below normal and the lowest so far this season, the India Meteorological Department (IMD) said. A "cold day" is when the minimum temperature is less than 10 degrees Celsius and the maximum is 4.4 degrees Celsius below normal.
The Safdarjung Observatory, which provides representative data for the city, recorded a minimum temperature of 4.6 degrees Celsius as frosty winds from the Western Himalayas continued to sweep the national capital. Ayanagar and Ridge weather stations recorded a low of 3.8 degrees Celsius and 3.5 degrees Celsius. The Palam weather station recorded the lowest day temperature of 13.2 degrees Celsius -- nine notches below normal. READ ON...
8:51 PM
Not satisfied with work done by Commission for Air Quality Management in NCR: SC
The Centre Thursday shot off a fresh letter to the West Bengal government to immediately relieve its three IPS officers for central deputation, provoking a combative Chief Minister Mamata Banerjee to brand the move as "unconstitutional and unacceptable".
A defiant Banerjee also declared she will not allow the "brazen attempt to control the state machinery by proxy", in escalation of tension between the state and the Centre.
Five days after the West Bengal government said it will not relieve the three IPS officers, the Centre sent a fresh missive on Thursday, asking the state to immediately release them so they could take up their new assignments. READ ON...
8:03 PM
SC stays Delhi HC order on Bharti Airtel claiming Rs 923 crore GST refund
The Supreme Court on Thursday stayed the Delhi High Court order, allowing Bharti Airtel Ltd to claim Rs 923 crore in tax refunds by rectifying its goods and services tax (GST) returns for July to September 2017. The refund was denied earlier by the revenue authorities. A bench comprising Justices A.M. Khanwilkar, B. R. Gavai and Krishna Murari said: "The operation of the impugned judgment shall remain stayed."
The top court also sought response from the telecom firm and posted the matter for final disposal in the first week of March 2021.
"Issue notice. Dasti, in addition, is permitted. Rahul Jain, Advocate waives notice for respondent. List the matter in the first week of March, 2021 for final disposal," said the top court in its order, which came on the appeal filed by the Centre challenging the Delhi High Court order.
8:00 PM
Kerala CM Pinarayi Vijayan writes to PM Narendra Modi regarding investigation in gold smuggling case
7:26 PM
SC reserves order in Tata plea against tribunal restoring Mistry as chief
The Supreme Court Thursday reserved its verdict on the cross appeals filed by Tata Sons Pvt Ltd and Cyrus Investments Pvt Ltd against the appellate tribunal NCLAT order which had restored Cyrus Mistry as the executive chairman of the over USD 100 billion salt-to-software Tata conglomerate.
A bench comprising Chief Justice S A Bobde and Justices A S Bopanna and V Ramasubramanian asked the parties to file compiled written submissions and subject index in the matter.
During the hearing conducted through video-conferencing, Shapoorji Pallonji (SP) Group claimed that there was breach of Articles of Association and provisions of the Companies Act in the removal of Cyrus Mistry as the chairman of Tata Sons in October 2016. The Tatas denied the allegations and claimed there was no wrong doing as they were well within their rights to remove Mistry. READ ON...
6:57 PM
CBI books Chennai Port Trust official in Rs 97-lakh bribery case: Officials
The CBI has booked a Chennai Port Trust official, who allegedly took a bribe of over Rs 97 lakh from an elderly man on the purported promise of getting his son appointed as an assistant traffic manager in the trust, officials said on Thursday.
It is alleged that K Poopathy, who worked as the personal assistant to the chief engineer of the trust and is currently under suspension, met complainant N Devaraj (63) on a train journey, they said.
During a conversation, Poopathy allegedly told Devaraj that the chief engineer has wide powers to appoint people in the port, PTI reported. He allegedly told Devaraj that by spending Rs one crore, his son Sathyaprakash, a diploma holder in mechanical engineering and shipping logistics, can get a job of assistant traffic manager in the port, which is a gazetted officer's position.
The Ministry of Defence said on Thursday that its Defence Acquisition Council (DAC) cleared proposals worth Rs 28,000 crore, of which acquisitions worth Rs 27,000 crore would be sourced from Indian industries.
In a series of tweets, the ministry said that Defence Minister Rajnath Singh chaired the meeting of the DAC, in which five more cases valued at Rs 25,000 crore were approved under the indigenous design development and manufacture category.
"Five cases valued at Rs 25000 Crore are approved under indigenous design development and manufacture category. Particularly note worthy are the Defence Research and Development Organisation designed and developed Airborne Early Warning and Control Systems (AEW & CS) for the Air Force and modular bridges for the Army," the ministry tweeted.
5:50 PM
BSF kills two Pakistani intruders along international border in Punjab
Two Pakistani "armed intruders" were on Thursday shot dead by the Border Security Force along the International Border in Punjab as the force thwarted three bids of drugs smuggling at this front. In the first interception, two men in their 30s were killed near the Rajatal border post in Amritsar around 2:20 am after the troops on guard detected suspicious movement ahead of the border fence in Indian territory, a BSF spokesperson said.
"The Border Security Force (BSF) sentry on duty heard some crawling sound near the fence. He challenged the approaching people in dense fog but he instead heard the sound of cocking the gun by the intruders.
"The BSF jawan fired in self defence and later we recovered two bodies of the armed intruders from the spot," BSF Deputy Inspector General (DIG) Bhupinder Singh told reporters in Amritsar.
5:45 PM
Gazipur border (Delhi-UP border) is closed for traffic coming from Ghaziabad to Delhi
Latest News live updates: The Ministry of Defence said on Thursday that its Defence Acquisition Council (DAC) cleared proposals worth Rs 28,000 crore, of which acquisitions worth Rs 27,000 crore would be sourced from Indian industries. In a series of tweets, the ministry said that Defence Minister Rajnath Singh chaired the meeting of the DAC, in which five more cases valued at Rs 25,000 crore were approved under the indigenous design development and manufacture category.
Prime Minister Narendra Modi and his Bangladesh counterpart Sheikh Hasina held a virtual summit on Thursday to discuss the spectrum of the bilateral relationship, including further strengthening cooperation in the post-Covid-19 era. The summit was held a day after India marked Vijay Divas, celebrating victory over Pakistan in the 1971 war that led to the creation of Bangladesh.
ISRO's trusted polar satellite launch vehicle carrying the space agency's latest communication satellite CMS-01 lifted off from the spaceport here on Thursday. The satellite is envisaged for providing services in Extended-C Band of the frequency spectrum covering India, Andaman and Nicobar and Lakshadweep islands.
 "Latest News LIVE: Defence Ministry okays Rs 28,000-cr acquisition proposals")
