Indices decline over 1.5%; investors lose nearly Rs 11 trn

India’s benchmark indices rallied on Friday, mirroring gains in global equities, after the latest US economic data allayed fears of recession in the world’s biggest economy. The continued buying support from domestic investors added to the market buo

India's benchmark indices rallied on Friday, mirroring gains in global equities, after the latest US economic data allayed fears of recession in the world's biggest economy. The continued buying support from domestic investors added to the market buo

So far, IIFCL has sanctioned loans worth Rs 2.8 trillion, with disbursements totalling Rs 1.4 trillion, of which 50 per cent has occurred in the last 4-5 years

Department of Financial Services (DFS) Secretary M Nagaraju

The centre of the quake was 93 km North East of Lobuche, Nepal and struck the region at 06:35:16 IST today

Earthquake

After initial resistance, the plywood and MDF board industry has agreed to implement the mandatory quality control norms as they have recognised the long-term benefits of adhering to high-quality standards, Commerce and Industry Minister Piyush Goyal has said.
He said India is introducing modern standards that are often harmonised with prevailing standards in other parts of the world, particularly the developed countries.
India's continuous focus on quality is now recoginsed and appreciated within the country and internationally as well, the minister said.
The Department for Promotion of Industry and Internal Trade (DPIIT) had introduced quality control orders (QCO) for plywood, MDF boards, and other wooden products to boost domestic manufacturing and cut imports of sub-standard goods.
Due to the opposition of the domestic industry, the implementation of the QCO was extended. These mandatory norms will be for domestic and foreign players.
"Initially a lot of resistance was there f

plywood, wood production, wood

Congress leader Sandeep Dikshit said the Aam Aadmi Party will face defeat in the upcoming Delhi assembly election as a result of their misdeeds.
The elections are scheduled for February this year. AAP has already announced candidates for all 70 seats, while Congress has named 48 candidates so far.
During an interview with the PTI, Dikshit, who has been fielded from the New Delhi constituency by the Congress for upcoming assembly polls, also said that they need to highlight what Sheila Dikshit did for Delhi during her tenure.
When asked about Congress not having a chief minister face, Dikshit said, "We do not have any CM face and we never give it. Even when Sheila Dikshit became the chief minister for the first time, it was evident that if Congress will win, she will become the CM, but we never announced her face for it.
This has not been the habit of Congress. It happens sometimes that if there is a big leader, then people believe that he or she will become the CM, but this is not

Sandeep Dikshit, Congress leader

A sessions court at Nanded in central Maharashtra on Saturday acquitted all nine surviving accused in a 2006 blast case.
While the detailed order was not yet available, a defence lawyer said the prosecution could not establish that the incident was a bomb blast.
Of the total 12 accused in the case, two had died in the explosion, while one died during the course of the trial.  District and Additional  Sessions Judge C V Marathe acquitted the remaining accused on Saturday.
An explosion took place on the intervening night of April 4 and 5, 2006, at the house of Laxman Rajkondwar, who was allegedly a Rashtriya Swayamsevak Sangh worker, in Nanded city.  Rajkondwar's son Naresh Rajkondwar and Vishva Hindu Parishad activist Himanshu Panse were killed, allegedly while assembling the explosive device, the investigators claimed.  The case was initially probed by the Maharashtra Anti-Terrorism Squad (ATS) and later transferred to the Central Bureau of Investigation.
As per defence lawyer Niti

Kolkata blast

In smaller Indian cities and towns, where opportunities for advancement are few and dwindling, the nounis emerging as something of a social and cultural phenomenon

Phone, social media, mobile phones

He cited the 'Sheeshmahal' as an example, referencing a report by a leading newspaper revealing excessive expenditure on the Delhi CM's residence, based on the CAG report

Sanjay Raut

Travel booking major OYO has launched a new check-in policy for partner hotels, starting from Meerut, introducing guidelines effective this year whereby unmarried couples will no longer be welcome to check in.
Under the revised policy, all couples will be asked to present valid proof of relationship at the time of check-in, including for bookings made online. OYO has empowered its partner hotels' discretion to decline couple bookings based on their judgment, aligning with local social sensibility, the company said.
OYO has given the directive to its partner hotels in Meerut to ensure this with immediate effect. Based on ground feedback, the company may expand this to more cities, people familiar with the policy change said.
"OYO has received feedback in the past from civil society groups especially in Meerut urging action to address this issue. Additionally, residents from few other cities have petitioned for disallowing unmarried couples to check-in at OYO hotels," they said.
Pawa

OYO, Oyo rooms, Oyo app, Oyo logo

The government has decided to set up a memorial for former president Pranab Mukherjee at the 'Rashtriya Smriti' area complex.
Mukherjee died on August 31, 2020.
Sharmistha Mukherjee, daughter of the former president, met Prime Minister Narendra Modi on Tuesday and thanked him for honouring her father.
"The Competent Authority has approved the earmarking of a designated site within the 'Rashtriya Smriti' complex (a part of the Rajghat precinct) for erecting a Samadhi of Late Shri Pranab Mukherjee, former President of India," the government said in a letter to Sharmistha Mukherjee informing her of the decision.
After receiving the letter, Sharmistha Mukherjee sought an appointment with the prime minister to thank him for the honour.
"Called on Hon'ble PM Narendra Modi ji to express thanks and gratitude from core of my heart for his government's decision to create a memorial for baba. It's more cherished considering that we didn't ask for it.
"Immensely touched by this unexpected bu

Sharmistha Mukherjee

Chief Election Commissioner Rajiv Kumar on Tuesday defended the recent amendment to election rules restricting CCTV footage of polling booths from public inspection, saying it is meant to protect voters' privacy and prevent use of data for creating fake narratives.
Based on Election Commission's recommendation, the government had last month tweaked an election rule to prevent public inspection of certain electronic documents such as CCTV camera footage of polling stations to prevent misuse.
In his first remarks on tweak of Conduct of Election Rules, 1961, Kumar said only sharing of CCTV footage from inside and outside polling booths have been restricted.
Addressing a press conference here to announce the schedule for Delhi Assembly polls, he said such data or footage was banned for public inspection through EC's instructions in 2024.
He said certain other documents which are allowed under Rule 93 of the Conduct of Election Rules will continue to be available.
Some documents which

Rajiv Kumar, Rajiv, ECI

The University Grants Commission's draft regulations 2025 granting Governors broader control over Vice Chancellor appointments and allowing non-academics to hold these posts were a direct assault on federalism and state rights, Tamil Nadu Chief Minister M K Stalin said on Tuesday.
This 'authoritarian' move by the Union BJP government sought to centralise power and undermine democratically elected state governments, he commented on the draft UGC regulations, 2025, released by Union Education Minister Dharmendra Pradhan in the national capital on January 6.
The regulations prescribe minimum qualifications for appointments and promotion of teachers and academic staff in universities and colleges and measures for maintenance of standards in higher education.
At the event, Pradhan said that these draft reforms and guidelines would infuse innovation, inclusivity, flexibility, and dynamism in every aspect of higher education, empower teachers and academic staff, strengthen academic ...

MK Stalin, Stalin

The rating agency's arm said that India's recent consumer price inflation at around 5 per cent was without clear evidence of a trend towards slowing price pressures

Most GCCs in India support critical business goals by using AI, data analytics, robotic process automation, and cloud services

India ranked third globally in terms of funding raised by fintech companies, behind the US and China, the report said

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Memorial to be set up for former Prez Pranab Mukherjee, daughter thanks PM

EC defends rule change curbing release of polling booth CCTV footage

Draft regulations on appointing V-Cs an assault on federalism: TN CM Stalin

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