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Over 20,000 evacuated across Moscow over various bomb threats – reports

As petrol and diesel prices have hit three-year highs in some cities, the government seems to have swung into action to protect the consumers from the rising fuel bills, possibly bringing back the ghosts of the era of regulation.

  • Sep 13, 12:20 PM (IST)

    Good Evening Moneycontrol users. This blog will keep track of key global and local developments impacting business and markets through the day. Important local and global political developments will also find resonance here.

  • Sep 13, 09:52 PM (IST)

    As many as 190 sites have been evacuated across 17 cities in Russia after 'synchronised' bomb threats, a security source told Russia's RIA news agency.

  • Sep 13, 09:07 PM (IST)

    More than 20,000 people were evacuated from over 30 shopping centers, railway stations and universities in Moscow, following “almost simultaneous” warnings that they had been rigged with explosives. So far, no bombs have been found at any of the locations, reports RT.

  • Sep 13, 08:41 PM (IST)

    The initial public offer (IPO) of Matrimony.com, which runs online match-making portals, has been oversubscribed 4.41 times on the last day of the issue today, reports PTI.

    The IPO received bids for 1,24,09,980 shares against the total issue size of 28,11,280 shares, data available with the NSE till 1915 hrs showed.

    The category reserved for qualified institutional buyers (QIBs) was oversubscribed 1.88 times, non institutional investors 41 per cent and retail individual investors 17.99 times.

  • Sep 13, 08:26 PM (IST)
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  • Sep 13, 06:55 PM (IST)

    The Ministry of Railways said on Wednesday it has decided to allow m- Aadhar, a digital version of the Aadhar card, as proof of identity for travellers in any reserved class.

    The m- Aadhar is a mobile app launched by the Unique Identification Authority of India on which a person can download his/her Aadhaar card.

    It can, however, be downloaded only on the mobile number to which Aadhar has been linked.

  • Sep 13, 06:04 PM (IST)

    AIADMK leader TTV Dinakaran on Wednesday lashed out at the party faction led by Tamil Nadu Chief Minister E Palaniswami and O Panneerselvam, accusing them of targeting his supporters, reports News18.

    This comes a day after police officials from Coimbatore visited a resort in Coorg, Karnataka where MLAs supporting Dinakaran have been holed up.

    Tamil Nadu police said they visited Paddington resort where MLAs loyal to Dinakaran are staying in Coorg searching for P. Palaniappan, an MLA and a former minister, who was not there.

  • Sep 13, 05:20 PM (IST)

    Japan Prime Minister Shinzo Abe, who arrived here today on a two-day visit, was accorded a warm welcome by his Indian counterpart Narendra Modi at the Ahmedabad airport.

    Abe, who is accompanied by his wife Akie Abe, has a hectic schedule for the next two days in Modi's home state, including laying of the foundation stone for India's first bullet train, to be run between Ahmedabad and Mumbai, and to attend the 12th Indo-Japan Summit.

  • Sep 13, 05:19 PM (IST)

    Authors from the UK and the US dominated the 2017 Man Booker Prize shortlist announced today, as the only long-listed Indian writer, Arundhati Roy, failed to make the cut. Roy, who won the literary award worth 50,000 pounds for her debut book 'The God of Small Things' in 1997, had featured on the long list for her latest novel 'The Ministry of Utmost Happiness'.

  • Sep 13, 04:13 PM (IST)

    Drug maker Lupin today said it has received US health regulator's nod to market generic version of Flagyl tablets, a drug used to treat bacterial infections, in the American market.

  • Sep 13, 04:09 PM (IST)

    Police have arrested the IT head of the controversial Dera Sacha Sauda, whose chief Gurmeet Ram Rahim Singh is undergoing 20 years imprisonment in two rape cases, for allegedly tampering with computers at the sect's headquarters ahead of a search by the authorities. "Police arrested Vineet Kumar, IT head of Dera Sacha Sauda, and seized 60 hard disks on the information provided by the accused," Sirsa Superintendent of Police Ashwin Shenvi said.

    During investigations, it came to light that the Dera authorities had changed several hard disks before the search operation at its headquarters in Sirsa, he said. Kumar was summoned by police for questioning at Sirsa after he was evasive in his replies on the computer cell of the Dera, he said.

  • Sep 13, 04:05 PM (IST)

    India has been placed at a low 103 rank, the lowest among BRICS economies, on the WEF's Global Human Capital Index, which has been topped by Norway, reports PTI. India also ranks "among the lowest in the world" when it comes to the employment gender gap, but has fared well when it comes to development of skills needed for the future with a rank of 65 out of total 130 countries surveyed.

    The list compiled by Geneva-based World Economic Forum (WEF) takes into account "the knowledge and skills people possess that enable them to create value in the global economic system" to measure the 'human capital' rank of a country. India was ranked 105th on this list last year, while Finland was on the top which has pushed by Norway to second place this year.

  • Sep 13, 04:05 PM (IST)

    Police have arrested the IT head of the controversial Dera Sacha Sauda, whose chief Gurmeet Ram Rahim Singh is undergoing 20 years imprisonment in two rape cases, for allegedly tampering with computers at the sect's headquarters ahead of a search by the authorities. "Police arrested Vineet Kumar, IT head of Dera Sacha Sauda, and seized 60 hard disks on the information provided by the accused," Sirsa Superintendent of Police Ashwin Shenvi said.

    During investigations, it came to light that the Dera authorities had changed several hard disks before the search operation at its headquarters in Sirsa, he said. Kumar was summoned by police for questioning at Sirsa after he was evasive in his replies on the computer cell of the Dera, he said.

  • Sep 13, 03:55 PM (IST)

    This fiscal, India Inc has extinguished shares worth nearly Rs 235 billion through 20 buybacks - 2.3 times more than the Rs 100 billion raised by way of initial public offerings. Last fiscal, companies repurchased shares worth Rs 340 billion through 49 buybacks while 25 IPOs had raised Rs 282 billion cumulatively. In the last two years, buybacks have gained currency as a tool to reward shareholders after the government imposed an additional 10% tax on dividends.

  • Sep 13, 03:42 PM (IST)

    Shares of the Indian Oil Corporation, Bharat Petroleum Corporation, and Hindustan Petroleum Corporation tumbled on news that government may ask the oil marketing companies to absorb further increase in global crude oil prices. The stock of the nation’s largest company IOCL fell as much as 6.2%. Shares of another state-run refiner BPCL plunged 8.4% while HPCL lost 8%.

    As petrol and diesel prices have hit three-year highs in some cities, the government seems to have swung into action to protect the consumers from the rising fuel bills, possibly bringing back the ghosts of the era of regulation. The government is unlikely to pass further rise in fuel prices due to higher inflation. 

  • Sep 13, 03:23 PM (IST)

    Last weekend when Rahul Arora opened a sachet of oregano left over from an order of Dominos’ Pizza from the previous night; he was definitely surprised. Not in a good way. Upon further examination, each of the remaining three packets also contained live insects, something he documented and subsequently posted on a Facebook video, tagging Domino's, Domino's India and the Department of Consumer Affairs, as well as mentioning the actual outlet. Domino's responded to the online post within an hour and since then Arora has received two calls (once from the outlet and once, oddly, from the social media team) which offered an apology, a gratis replacement, and a promise to look in to the matter.

  • Sep 13, 03:22 PM (IST)

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  • Sep 13, 03:15 PM (IST)

    Ericsson India files insolvency case against Reliance Communications, reports Cogencis. The former is against the merger of RComm-Aircel due to past dues. The RComm stock is currently trading down 2%.

  • Sep 13, 02:28 PM (IST)

    Chinese traders along the border with North Korea and some regular visitors to the isolated country said scarcer and costlier fuel, as well as earlier UN sanctions banning the export of commodities such as seafood and coal, are now taking a toll, reports Reuters. Several Chinese traders said the sanctions had stymied North Korean businesses’ ability to raise hard currency to trade.

  • Sep 13, 02:28 PM (IST)

    For British workers, the lowest jobless rate in more than four decades isn’t enough to maintain their standard of living, reports Bloomberg. Basic wages rose an annual 2.1% in the three months through July, unchanged from the second quarter, Office for National Statistics figures showed. Pay fell 0.4% when adjusted for inflation, which is now running just shy of 3%.

  • Sep 13, 02:21 PM (IST)

    The Jubilant Foodworks scrip fell close to 5% after Deutsche Bank said live bugs were found in Domino's pizza seasoning sachet. “The food bugs incidence could potentially be serious for Domino's franchise in India,” it stated.

  • Sep 13, 02:06 PM (IST)

    The global oil surplus is beginning to shrink due to stronger-than-expected European and US demand growth, as well as production declines in Opec and non-Opec countries, the International Energy Agency said. The agency, which coordinates the energy policies of industrial nations, raised its 2017 global oil demand growth estimate to 1.6 million barrels per day from 1.5 million bpd.

  • Sep 13, 02:00 PM (IST)

    The initial public offer (IPO) of Matrimony.com, which runs online match-making portals, was oversubscribed 2.49 times so far on the last day of bidding. The company, which aims to raise over Rs 500 crore, received bids for 7,011,855 shares against the total issue size of 2,811,280 shares. The issue was fully subscribed on Day 2.

  • Sep 13, 01:49 PM (IST)

    Nomura has pegged India’s FY18 GDP around 7.1%. The Japanese financial services major said, post-GST, restocking is likely to drive a faster pace of industrial output growth in the coming quarters. It sees the ongoing remonetisation drive having a positive impact on the cash-intensive services sectors, which in turn will help augur growth numbers. 

  • Sep 13, 01:42 PM (IST)

    The initial public offering of Capacit’e Infraprojects has been subscribed 23% on Day 1. With a total issue size of 11,428,572 shares, the company received bids for 2,684,460 shares, while 2,223,240 shares received bids at the cut off price. The Rs 400-crore IPO, which closes on September 15, has a price band of Rs 245 to Rs 250 per share.

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