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LIVE: Govt asks Twitter to respond in 5 days for showing Leh as part of J&K
Attorney General KK Venugopal grants consent for initiating criminal contempt against stand up comedian Kunal Kamra, for his alleged derogatory tweets against a SC judge. Tune in for LIVE updates.
Chinese President Xi Jinping decided to halt Ant's IPO: Report
China's President Xi Jinping personally decided to pull the plug on Ant Group's $37-billion (£28 billion) initial public offering, the Wall Street Journal reported on Thursday, citing Chinese officials with the knowledge of the matter.
The decision to stop what would have been the world's largest ever IPO, came days after the fintech giant's billionaire founder Jack Ma launched a public attack on the country's financial watchdogs and banks.
President Xi ordered Chinese regulators to investigate and effectively shut down Ant's stock market flotation, the report said https://www.wsj.com/articles/china-president-xi-jinping-halted-jack-ma-ant-ipo-11605203556?mod=hp_lead_pos4.
Ant Group did not immediately respond to Reuters request for comment. The Information Office of the State Council, China's cabinet, could not be reached immediately for comment.
1:56 AM
Not my 'last election', Bihar CM Nitish Kumar says remarks misinterpreted
1:54 AM
Wall Street drops as pandemic fears return
Wall Street tumbled on Thursday as US coronavirus infections surged and investors weighed the timeline for the mass rollout of an effective vaccine.
New York became the latest state to introduce stricter social distancing rules on Wednesday, as new infections in the country surged above 100,000 for an eighth consecutive day.
The blue-chip Dow was pulled down by industrial and financial companies sensitive to economic growth, with Boeing Co and Goldman Sachs each down almost 2 per cent.
1:54 AM
Wall Street drops as pandemic fears return
Wall Street tumbled on Thursday as US coronavirus infections surged and investors weighed the timeline for the mass rollout of an effective vaccine.
New York became the latest state to introduce stricter social distancing rules on Wednesday, as new infections in the country surged above 100,000 for an eighth consecutive day.
The blue-chip Dow was pulled down by industrial and financial companies sensitive to economic growth, with Boeing Co and Goldman Sachs each down almost 2 per cent.
1:33 AM
UN: 870,000 measles cases in 2019, highest in 23 years
The number of children sickened by measles in 2019 was the highest in 23 years, according to new data published by the World Health Organization and the US Centers for Disease Control and Prevention.
In a study published on Thursday, WHO and CDC said there were nearly 870,000 cases of measles last year, and the number of deaths about 207,500 increased by almost 50 per cent since 2016. Officials blamed the record number of cases on a significant drop in vaccination; children must receive two doses of the measles vaccine to avoid being sickened by the highly contagious disease.
1:28 AM
US piles up record October budget deficit of $284.1 billion
The US is starting the 2021 budget year the way the old year ended, with soaring deficits.
The Treasury Department reported Thursday that the federal government ran up a record October deficit of $284.1 billion, nearly double the red ink of the same month a year ago, as revenues declined while spending to deal with the impact of the coronavirus soared.
The October deficit was almost double the $134.5 billion deficit logged in October 2019. It smashed the previous October record of a $176 billion deficit set in 2009, when the government was spending heavily to lift the country out of a deep recession caused by the 2008 financial crisis.
1:16 AM
US needs tougher antitrust enforcement: Biden transition team expert
The United States should increase enforcement of antitrust laws as part of a general attack on social ills, Bill Baer, who is on President-elect Joe Biden's transition team for the Federal Trade Commission (FTC), said on Thursday.
Baer pointed to multi-year battles that the FTC had to fight a series of hospital mergers as well as its ongoing battle against brand name pharmaceutical companies settling patent litigation by paying generic companies to delay entering the market, so-called pay-for-delay deals. The healthcare industry is one that has seen dizzying price increases.
"We should care too about under enforcement because it's led to growing concentration in many markets, think agriculture, telecom, wireless, travel, pharma and beer," he said at an American Bar Association conference.
12:43 AM
Trump administration readies crackdown on US investments in Chinese firms: Report
12:05 AM
PM Modi congratulates Myanmar's Aung San Suu Kyi over her party's election win
11:52 PM
Grand Alliance declares Tejashwi its leader; alleges manipulation in counting of votes
11:52 PM
If there's agreement on anything, India must insist on a joint statement: Congress on Ladakh standoff
11:40 PM
Modi unveils Vivekananda's statue in JNU, says ideology should not override national interest
11:38 PM
Obama mentions Congress leader Rahul Gandhi in his memoir
Former US president Barack Obama says Congress leader Rahul Gandhi has a "nervous, unformed quality" about him like a student eager to impress the teacher but lacking aptitude and passion to "master the subject."
The New York Times reviewed Obama's memoir 'A Promised Land', in which among other issues, the first Black American President has talked about political leaders from around the world.
On Gandhi, Obama says he has "a nervous, unformed quality about him, as if he were a student who'd done the coursework and was eager to impress the teacher but deep down lacked either the aptitude or the passion to master the subject," according to The New York Times review.
Gandhi's mother and Congress president Sonia Gandhi also appears to find mention in the memoir.
11:16 PM
Still struggling to put pieces together: Tiger Woods
Augusta Masters defending champion Tiger Woods says he is still trying to put all the pieces together and added that not playing in front of spectators due to the Coronavirus pandemic will be tough.
Woods, who has won five times at the Augusta Masters, was speaking to reporters ahead of this year's last Major, which has been shifted from its traditional date in April.
"It's been gearing up for the major championships and trying to understand what we have to deal with this year with Covid and trying to be safe," he was quoted as saying by CNN.com
10:37 PM
Fiscal impact of stimulus to be around 0.6% of GDP in FY21: Experts
Welcoming the latest round of stimulus announced by Finance Minister Nirmala Sitharaman on Thursday, experts said the measures will support the economic recovery boosting demand, job creation and by providing funds to the MSME and stressed sectors. The fiscal impact of the stimulus is likely to be around 0.25-0.6 per cent of GDP in the current fiscal, they said.
The finance minister announced tax relief on select home sale deals, enhanced credit guarantee programme for small businesses and provided incentives for new job creation as the government widened stimulus measures to boost the economy.
The measures that also include additional fertiliser subsidy and already announced production-linked incentive scheme for manufacturing units, totalled Rs 2.65 lakh crore, taking the cumulative stimulus package announced since the lockdown to almost Rs 30 lakh crore, or 15 per cent of the Gross Domestic Product (GDP).
Finance Minister Nirmala Sitharaman announced economic stimulus 'Atmanirbhar Bharat 3.0' today aimed at creating jobs and boosting. Last week, Sitharaman said increased digitisation will help in making better assessment of the country’s economic growth and nudged tax practitioners to suggest their clients to shift towards digital modes of payments.
A sessions court in Raigad district of Maharashtra will today decide on the police's plea challenging a magistrate's order denying police the custody of Republic TV Editor-in-Chief Arnab Goswami and two others in an abetment of suicide case. Additional Sessions Judge at Alibaug, R G Malashetti said the court would pass the order on the revision application filed by local police today.
Prime Minister Narendra Modi will today co-chair a virtual summit between India and the 10-nation ASEAN. The summit is expected to focus on measures to recover from the economic turmoil triggered by the coronavirus pandemic and ways to further broadbase strategic ties.
Japanese tech giant Sony will launch the PlayStation 5 console (PS5) in the US, Canada, Japan, Mexico, Australia, New Zealand and South Korea today.
The Supreme Court has listed the Delhi government's plea on reserving ICU beds for coronavirus patients for today before division bench of the high court.
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