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Indian markets cheer Modi's likely return to power

Indian News       May 20, 2019

MUMBAI/BENGALURU: Indian markets rallied on Monday after exit polls showed Prime Minister Narendra Modi was set to win a second term after a general election with an even bigger mandate than in 2014.   The S&P BSE Sensex zoomed over 900 points at open to cross...

Most polls predict majority to BJP-led NDA, Equity markets are likely to extend gains

Indian News       May 19, 2019

  New Delhi: Today, most exit polls forecast a majority for the ruling BJP-led NDA in Lok Sabha polls with varying numbers as the seven-phase polling in the general elections ended Sunday.The counting of votes will begin at 8 am on May 23.   After nearly two...

26 Maharashtra reservoirs hit 'zero water' storage level as on May 18

Indian News       May 19, 2019

  Mumbai: In a far cry from last year's situation, 26 reservoirs in Maharashtra have reached "zero storage" as on May 18, according to statistics put out by the Water Conservation department of the state government.   The department's website informed that water storage in Aurangabad Division,...

States, UTs asked to hold screening sessions in schools, colleges for mental health, cancer

Indian News       May 19, 2019

  New Delhi: The Union Health Ministry has advised states and Union Territories to hold screening sessions in school and college campuses for mental health and non-communicable diseases like cancer, diabetes and blood pressure at regular intervals. The aim is to ensure early diagnosis of these...

FPIs withdraw Rs 6,399 cr in May so far on trade war, election uncertainty

Indian News       May 19, 2019

  New Delhi: Overseas investors have pulled out a net amount of Rs 6,399 crore from the Indian capital markets in May so far on the back of election-related uncertainty and the US-China trade tensions.   Prior to this, foreign portfolio investors (FPI) were net buyers for...

EU removes Bermuda, Aruba, Barbados from tax haven blacklist

International News       May 18, 2019

  BRUSSELS:  European Union finance ministers removed on Friday Bermuda, Barbados and Aruba from the bloc’s blacklist of tax haven countries, an EU statement said.   The three islands were added to the list in March. Aruba has been removed because it is in the process of...

Reliance Capital to raise Rs 10,000 crore in current fiscal by selling assets

Indian News       May 18, 2019

  Mumbai: Cash-strapped Reliance Capital on May 18 said it expects to raise Rs 10,000 crore by selling assets and cut down its debt by about 50 percent in the current fiscal.   The company has been working diligently to ensure timely debt repayments and is regular...

Water management to be Modi's priority if NDA is re-elected

Indian News       May 18, 2019

  New Delhi: In his last election rally of 2019 Narendra Modi gave an indication as to what his priority will be in his second term if his party is elected back to power. If Modi shocked the nation from Red Fort on August 15, 2014,...

London marine insurers widen Middle East threat zone after ship attacks

International News       May 17, 2019

   LONDON:  London’s marine insurance market has extended the list of waters deemed high risk to include Oman, the United Arab Emirates and the Gulf after ship attacks off Fujairah, officials said on Friday, in a move that could push up premiums.The London insurance market’s Joint...

Boeing completes 737 Max software upgrade

International News       May 17, 2019

  Chicago: Boeing has completed development of a software update for its 737 Max plane which was grounded following two fatal crashes within five months.The US firm announced that it had flown the 737 Max with the updated software on 207 flights.   It added it would...