Trump signs law easing post-crisis regulation of banks

US President Donald Trump signed into law on Thursday a bill that partially repeals the 2010 Dodd-Frank act, which imposed tighter financial regulations in response to the global financial meltdown of 2008. “The legislation I’m signing today rolls back the crippling Dodd-Frank regulations that are crushing community banks and credit unions nationwide,” Efe quoted Trump …

Manipal-TPG extends validity of its ‘modified new offer’ for Fortis

Fortis Healthcare (FHL) has said that a consortium of Manipal-TPG has extended the validity of its “modified” new offer to invest in the company. As per a late night BSE filing on Wednesday, FHL said that its Board has received a letter from Manipal-TPG for extending the validity of their “modified” new offer till June …

Resolve people’s problems due to fuel price hike, Mamata tells Centre

West Bengal Chief Minister Mamata Banerjee on Thursday demanded that the Centre address the problems faced by the common man due to rising fuel prices in the country. “We want the central government to take care of the problems faced by people due to escalating fuel prices,” Banerjee told reporters here in Birbhum district. She …

Indian rupee recovers from 18-month low, strengthens by 8 paise

Global cues and a rise in the country’s equity indices strengthened the Indian rupee on Thursday to Rs 68.35 per greenback. “Rupee bounced from yesterday’s 18-month low as the US dollar lost its shine after FOMC (US’ Federal Open Market Committee) minutes reflected a dovish stance,” Geojit Financial Services Chief Market Strategist Anand James said. …

Northeast to be connected with gas pipeline: Board member

Petroleum and Natural Gas Regulatory Board (PNGRB) member S. Rath on Thursday said that the plans are afoot to connect the northeastern states with a gas pipeline. “The project will be executed by a consortium of Indian Oil Corporation, Oil India Limited, Numaligarh Refinery Limited and GAIL. We are expecting that the project will e …

PNB fraud: ED charge-sheet names Nirav, 23 others

The Enforcement Directorate (ED) on Thursday filed a charge-sheet against fugitive diamond merchant Nirav Modi and 23 others, including his father, sister and brother-in-law, in the over Rs 13,400 crore Punjab National Bank (PNB) scam. The fraud was committed during 2011-2017 by illegally issuing Letters of Undertaking (LoUs) and Foreign Letters of Credit (FLCs). The …

IOC’s Paradip-Hyderabad pipeline to be commissioned by 2020

The Paradip-Hyderabad pipeline being laid at a cost of Rs 2,321 crore would be commissioned by 2020, a top officials of Indian Oil Corporation Limited said on Thursday. Subhodh Dakwale, Executive Director and All India Head for Corporate Communications and Branding, told reporters that land acquisition for laying the pipeline via Vizag, Vijayawada and Suryapet …

Dow slumps 250 points after Trump cancels N. Korea summit

US stocks fell sharply on Thursday after President Donald Trump cancelled a summit with North Korean leader Kim Jong-un scheduled to be held in June. The meeting would have been the first face-to-face encounter between a sitting US President and a North Korean leader. The Dow Jones industrial average fell 250 points after the announcement, …

Jet’s stocks crash as auditors’ doubt resurrection plan (Lead)

A day after Jet Airways’ auditors red-flagged its future plans on cost reduction and fund mobilisation to avert “uncertainties” created by a sudden announcement of a net loss, the company’s stocks crashed by over 7 per cent. The plunge in Jet’s scrip comes after the auditors expressed their doubt over the appropriateness of preparing the …

Petrol prices fuel protests by Congress, NCP in Maharashtra

The opposition Congress and Nationalist Congress Party (NCP) on Thursday took to the streets in Mumbai and other places in Maharashtra to protest against record prices of petrol and diesel. Mumbai Congress President Sanjay Nirupam led a huge protest march of party activists and citizens from Santa Cruz East on the busy Western Express Highway …

Centre working on long-term solution to fuel prices: Pradhan

Union Petroleum Minister Dharmendra Pradhan on Thursday said the government is working on a long-term solution to contain rise in prices of petroleum products in the country. “Goods and Service Tax (GST) is one way being looked into to ease the situation. Besides, many other options are being explored for both short- and long-term solutions,” …

TN CM blames parties, anti-socials for Thoothukudi violence (Lead)

Thoothukudi remained tense for the third day as the death toll in police firing climbed to 13 while Tamil Nadu Chief Minister K. Palaniswamy on Thursday accused political parties and anti-social elements of “deliberately instigating and misleading” innocent people leading to violence and loss of lives. Selvasekar (43), who suffered serious injuries in police lathicharge …

TN CM blames parties, anti-socials for Thoothukudi violence (Lead)

Thoothukudi remained tense for the third day as the death toll in police firing climbed to 13 while Tamil Nadu Chief Minister K. Palaniswamy on Thursday accused political parties and anti-social elements of “deliberately instigating and misleading” innocent people leading to violence and loss of lives. Selvasekar (43), who suffered serious injuries in police lathicharge …

TN CM blames parties, anti-socials for Thoothukudi violence (Lead)

Thoothukudi remained tense for the third day as the death toll in police firing climbed to 13 while Tamil Nadu Chief Minister K. Palaniswamy on Thursday accused political parties and anti-social elements of “deliberately instigating and misleading” innocent people leading to violence and loss of lives. Selvasekar (43), who suffered serious injuries in police lathicharge …

Centre to invite objections from public on Delhi Master Plan: SC

The Supreme Court on Thursday denied the Centre’s plea seeking modification of its earlier order in which the government was asked to invite suggestions for 15 days from the public before amending the Master Plan of Delhi-2021, saying authorities must appreciate that the “people of Delhi come first”. A bench of Justice Madan B. Lokur …

Centre to invite objections from public on Delhi Master Plan: SC

The Supreme Court on Thursday denied the Centre’s plea seeking modification of its earlier order in which the government was asked to invite suggestions for 15 days from the public before amending the Master Plan of Delhi-2021, saying authorities must appreciate that the “people of Delhi come first”. A bench of Justice Madan B. Lokur …

India, Netherlands agree to boost trade, cooperate across multiple sectors (Roundup)

India and The Netherlands on Thursday agreed to boost bilateral trade and investment and strengthen cooperation across multiple sectors, including agriculture and food processing, water management and science and technology, following a bilateral summit between Prime Minister Narendra Modi and his Dutch counterpart Mark Rutte. Jointly addressing the media with Rutte after attending an India-Netherlands …

Centre to invite objections from public on Delhi Master Plan: SC

The Supreme Court on Thursday denied the Centre’s plea seeking modification of its earlier order in which the government was asked to invite suggestions for 15 days from the public before amending the Master Plan of Delhi-2021, saying authorities must appreciate that the “people of Delhi come first”. A bench of Justice Madan B. Lokur …

India, Netherlands agree to boost trade, cooperate across multiple sectors (Roundup)

India and The Netherlands on Thursday agreed to boost bilateral trade and investment and strengthen cooperation across multiple sectors, including agriculture and food processing, water management and science and technology, following a bilateral summit between Prime Minister Narendra Modi and his Dutch counterpart Mark Rutte. Jointly addressing the media with Rutte after attending an India-Netherlands …

Value buying, global cues lift equity indices; banking, IT stocks surge (Roundup)

Broadly positive global markets, along with attractive stock valuations and a strengthened rupee, lifted the key equity indices on Thursday. According to market observers, healthy buying was witnessed in banking, IT and Teck (technology, entertainment and media) stocks. Index-wise, the broader Nifty50 of the National Stock Exchange (NSE) closed at 10,513.85 points — up 83.50 …

Finance Commission forms panel on health sector

The 15th Finance Commission on Thursday constituted a high level group headed by AIIMS Director Randeep Guleria to explore and give recommendations for a balanced expansion of the health sector. The panel will evaluate the existing regulatory framework in the health sector and examine its strengths and weaknesses for enabling a balanced yet faster expansion …

PUBG game crosses 10 mn daily active users

China-based Tencent, the owner of WeChat and PUBG Corp on Thursday jointly announced the mobile version of the latter’s immensely-popular “PlayerUnknown’s Battlegrounds” (PUBG) game has surpassed 10 million daily active users (DAUs) globally. Notably, Tencent is the parent company of PUBG as well. The mobile version of the game was released on Apple App Store …

Two more states, five UTs to roll out intra-state e-way bill

The central government on Thursday said that two more states — Maharashtra and Manipur — along with five Union Territories will roll out the intra-state e-way bills from Friday. The Union Territories are Andaman and Nicobar Islands, Chandigarh, Dadra and Nagar Haveli, Daman and Diu, and Lakshadweep. According to a Finance Ministry statement, with the …