LiveNow
India news Highlights: Earthquake of 5.3 magnitude hits Chamba in Himachal Pradesh
The live blog session has concluded. For more news, views and updates, stay tuned with Moneycontrol.com.
India News Live Updates: Indian Army pays homage to Major Pritam Singh
The OC and All Ranks of Fire and Fury Corps extend their sincere condolences and homage to Maj. M. Pritam Singh, the brave man who gave his life while performing his duty in the Siachen Sector. The Indian Army remains steadfast throughout this time of sorrow for the departed family, stated the Indian Army on X.
Himachal Pradesh Live Updates: Earthquake of 5.3 magnitude hit Chamba
At 21:34 pm today, an earthquake with a Richter Scale of 5.3 struck Chamba, Himachal Pradesh, stated the National Seismology Centre.
Mumbai News Live Updates: Mumbai Coastal Road witnesses its first accident; car suffers damage after hitting tunnel wall
The newly-inaugurated Coastal Road in Mumbai recorded its first accident on Thursday when a speeding car hit the wall of a tunnel, officials said
India News LIVE: Indian Coast Guard ship, Vietnam Coast Guard conducted training in Vietnam
Together with the Vietnam Coast Guard, the Indian Coast Guard ship Samudra Paheredar on OSD at Ho Chi Minh City provided joint training on marine oil pollution response. A demonstration of the ship's pollution response equipment was conducted during the training to highlight ICG's commitment to the common issue of marine pollution response in the ASEAN region, stated the Indian Coast Guard on X.
CBSE News Live: CBSE exams for Classes 11, 12 to focus more on checking concept clarity
The exams for Classes 11 and 12 from the 2024-25 session will include more competency-based questions that assess the application of concepts in real-life situations, according to Central Board of Secondary Education (CBSE) officials who announced a change in the format.
India News LIVE Updates: EAM responds to PAK FM's comment to resume trade with India
The Ministry of External Affairs responded to Pakistan's Foreign Minister's remarks regarding the restoration of trade with India by stating that there is an inconsistency between his remarks and those of the spokesperson for the Foreign Ministry of Pakistan.
"We have seen some reports regarding the Pakistan Foreign Minister's comments, but thereafter I would like you to refer to the comments made by the spokesperson of Pakistan Foreign Ministry," MEA spokesperson Randhir Jaiswal said during a weekly media briefing. Kindly review those comments; you will see a discrepancy between the two. That's the location of it."
India News LIVE Updates: EAM Jaishankar says India's stance on PoK entire nation's concern, not just BJP
External Affairs Minister S Jaishankar reiterated that Pakistan-occupied Kashmir (PoK) is an essential component of India and that this is the stance held by the entire nation, not only the Bharatiya Janata Party. He continued by saying that terrorism is Pakistan's main worry and that any disruptive behaviour would be met with force.
India News LIVE Updates: NCERT to release textbooks with new syllabus for classes 3,6
As per News18 reports, the council announced today that new books have likely arrived for classes 3 and 6 after the Central Board of Secondary Education (CBSE) told all of its associated schools last week to adopt the latest curriculum and textbooks for classes 3 and 6 starting with the 2024–2025 academic session.
Vistara Crisis LIVE Updates: 2 pilot unions send letter to Tata Group's Chairman amidst Vistara crisis
Two Air India pilot unions took up the cause of the Vistara pilots and wrote to N Chandrasekaran, the chairman of Tata Group, requesting prompt action to resolve their complaints.
The Indian Pilots' Guild and the Indian Commerical Pilots' Association jointly sent a letter to Chandrasekaran stating that all Tata Group airlines, including Air India and Air India Express, which includes AirAsia India, are affected by issues related to roster malpractice, leave approval, and the reduction of the minimum guaranteed flying allowance to 40 hours.
Sports News LIVE Updates: Indian Football team drops to 121st spot in recent FIFA rankings
The Indian football team dipped four spots to 121 in the most recent FIFA rankings following a draw and a loss to Afghanistan in the second round of World Cup qualifying.
Indian Economy News LIVE: Participants can enter ETCDs with $100 million limit without producing documents of evidence
The Jan 5 Circular set out the Master Direction and reiterated the regulatory framework for participation in ETCDs involving the INR without any change.
Participants with a valid underlying contracted exposure can continue to enter into ETCDs involving the INR up to a limit of USD 100 million without having to produce documentary evidence of the underlying exposure.
Indian Economy News LIVE: Enhanced regulatory framework framed after extensive reviews, examination
As announced in 2023, a thorough examination of the regulatory framework controlling the hedging of foreign exchange risks was conducted in 2020 to establish a regime based on principles. The extensive review, along with public consultations, market participant feedback, and experience gained since then, has led to a more comprehensive regulatory framework under a single Master Direction that covers both exchange-traded and OTC transactions. This has improved operational efficiency and made access to foreign exchange derivatives easier.
Indian Economy News LIVE: Users expected to ensure compliance with requirement of having underlying exposure
RBI's 2014 circular allowed ETCD users to take positions up to USD 10 million per exchange without providing documentary evidence to establish the underlying exposure, but it did not provide an exemption from the requirement to have the exposure to facilitate business. As a result, users are obligated to make sure that the prerequisite of having underlying exposure is met. After being changed, the USD 10 million restriction for each exchange was raised to a single USD 100 million cap for all exchanges.
Indian Economy News LIVE: No change in RBI's policy approach, directions to come into effect from May 3 based on new developments
The regulatory framework for ETCDs has remained consistent over the years and there is no change in the RBI’s policy approach. The January circular stated that these comprehensive and consolidated Directions shall come into effect from April 05, 2024. Given the feedback received and recent developments, it has been decided that these Directions will now come into effect from Friday, May 03, 2024.
Indian Economy News LIVE: FEMA provides foundation for ETCD involving Indian Rupee
The Foreign Exchange Management Act (FEMA), 1999's rules provide the foundation for involvement in exchange-traded currency derivatives (ETCD) involving the Indian rupee, as stated in the RBI circular.
According to RBI, the only reason currency derivative contracts involving the INR are allowed are to hedge against exposure to foreign exchange rate risks. These contracts can be exchange traded or over-the-counter (OTC).
Indian Economy News LIVE: RBI issues clarification on the currency derivatives circular, directions to come into effect from May 3
The RBI clarified the currency derivatives circular, stating that the regulatory environment has not changed over time and that the policy approach has not changed either. Given the comments that have been received and the latest events, it has been determined that these Directions will now take effect on Friday, May 3, 2024.
Karnataka News LIVE Updates: 1.5yr child rescued alive from borewell, receiving medical treatment
The 1.5-year-old child is receiving medical attention at a hospital after being rescued alive from an open borewell in the Lachyan village of Indi taluk, Vijayapura district.
Delhi Excise Policy Case LIVE: Court reserves order on K Kavitha's interim bail
Rouse Avenue court reserved an order on BRS leader K Kavitha's interim bail in the Delhi Excise Policy case. Due to her son's examinations, she has requested temporary bail. The hearing for her standard bail application has been scheduled for April 20. She is in judicial custody.
Taiwan Earthquake LIVE Updates: Six miners rescued by helicopter in Taiwan after deadly earthquake
After a fatal earthquake that hit Taiwan yesterday, a helicopter rescued six miners today who were left stranded, as per News18.
World News LIVE Updates: US says permitting unrestricted Russian oil trade is not acceptable
The US declared today that it was and still is "unacceptable" to allow unrestricted Russian oil commerce and that Moscow is being forced to sell oil at lower rates than it could otherwise get by the western price cap on its petroleum goods. Meanwhile, representatives from the US claimed that Washington has not asked India to cut back on the amount of oil it imports from Russia.
News LIVE Updates: Income Tax dept issues notice of Rs 605 cr to Hero Moto
The Income Tax Department notified Hero Moto that their total debt for the six assessment years (FY14 to FY18 & FY20) is Rs 605 cr, including interest (tax demand: Rs 309 cr & interest: Rs 296 cr). The company declared that it would appeal income tax orders to higher authorities.
News LIVE Updates: IAF helicopter suffers damages during emergency landing in Ladakh
Due to the high altitude and undulating terrain, an Indian Air Force Apache helicopter that made an emergency landing in Ladakh suffered damage, the Indian Air Force stated. It further stated that both the pilots on board were safe.
News LIVE Updates: Rouse Avenue reserves order of framing charges against Brij Bhushan in sexual harassment case
The Rouse Avenue court postponed its decision on April 18 regarding the filing of charges in the sexual harassment complaint against BJP MP Brij Bhushan Sharan Singh. A few female wrestlers' complaints led to the filing of the case.
Karnataka News LIVE Updates: NDRF, SDRF teams rescue 1.5yr child who fell into a borewell
- After 20 hours of rescue operation, NDRF and SDRF teams have succeeded in rescuing a 1.5-year-old child who fell into an open borewell in the Lachyan village of Indi taluk of the Vijayapura district.
Maharashtra News LIVE Updates: HC fumes over govt's delay in taking decision to extend benefits to martyr widow
- The Bombay High Court on Thursday rapped the Maharashtra government, saying that while it takes lightning speed decisions on certain issues, it is dragging its feet on whether to extend monetary benefits to a martyr's widow.
- A division bench of Justices G S Kulkarni and Firdosh Pooniwalla said the government's delay in taking a decision on such an important issue was not acceptable.
World News LIVE Updates: Indonesia's president-elect holds talks with Malaysian leader on bolstering ties
- Indonesian President-elect Prabowo Subianto held talks Thursday with Malaysia's leader on bolstering bilateral ties as part of a regional visit that has also taken him to China and Japan.
- Prime Minister Anwar Ibrahim said he and Subianto discussed next steps to strengthen bilateral ties, and also exchanged views on their political experiences, as per an AP report.
India News LIVE Updates: AIF's Apache helicopter carried out a precautionary landing during an operational training sortie in Ladakh AOR yesterday
- An Indian Air Force Apache helicopter carried out a precautionary landing during an operational training sortie in Ladakh AOR on April 3.
- During the process of this landing, it sustained damage due to undulating terrain and high altitude.
- Both the pilots on board are safe and have been recovered to the nearest airbase.
- A Court of Inquiry has been ordered to ascertain the cause.
India News LIVE Updates: Bengal Education Minister trying to spoil my relation with CM Mamata Banerjee, says Guv Bose
- Days after Bengal Education Minister Bratya Basu labelled him as 'insane' amid discussions on the operational confusion in state-run universities, Governor C V Ananda Bose on Thursday said such remarks came after he had already endorsed names for interim vice-chancellors, as proposed by the minister.
India News LIVE Updates: HC asks judges to prioritise hearing in criminal cases against MPs/MLAs for expeditious disposal
- The Delhi High Court has asked its judges to give priority to the criminal cases pending before them against members of Parliament and legislative assemblies to ensure their expeditious and effective disposal.
- The high court was informed by its registry that presently there are 34 pending cases or appeals or revisions involving MPs and MLAs before a single judge bench of the high court in which orders of stay of trial have been passed and are continuing for a period of more than six months.
Delhi News LIVE Updates: CISF jawan shoots himself dead at Delhi Metro station
- A CISF constable allegedly killed himself using his service rifle at the Nangloi Metro Station on Thursday, officials said.
- The incident took place around 7 am. The body of the deceased jawan, Shahre Kishore, was recovered from near the X-ray baggage scanner, they said.
- An inquiry is being undertaken by the paramilitary force apart from the Delhi Police.
Mumbai News LIVE Updates: Services on section of Metro corridor delayed due to technical fault
- Metro services on the Ghatkopar-Andheri-Versova corridor in Mumbai were disrupted on Thursday morning due to a technical fault, an official said.
- "Services were running at delayed interval due to technical fault. Train operation has been regularised and is normal with additional services being run. Regret the inconvenience caused and appreciate your support," Mumbai Metro One said in a post on X.
India News LIVE Updates: Toll rises to six in explosion at pharma plant in Telangana
- Toll in the explosion in a chemical reactor at a pharmaceutical company's plant in Sangareddy district of Telangana rose to six, police said on Thursday.
- Four people were killed and 16 others were injured in the blast that occurred at the factory of SB Organics Ltd, located at Chandapur village of Hathnoora mandal of the district on Wednesday.
Delhi Excise Policy Case LIVE Updates: Whole case made by ED is politically motivated, says CPI(M) leader
- On AAP MP Sanjay Singh's bail, CPI(M) leader Brinda Karat said, "We welcome the release of Sanjay Singh. Additionally, the court's comments are significant as they told ED to bring the order whether they are opposing or not."
- "When ED witnessed the categorical questions of the court on what basis he (Sanjay Singh) was kept behind bars, then they said that they were not opposing. This also signifies that the whole case made by ED against their (AAP) leaders is quite feeble and politically motivated," she added.
Arvind Kejriwal News LIVE Updates: Sunita Kejriwal reads out a message from her husband from jail
- Delhi chief minister Arvind Kejriwal’s wife Sunita Kejriwal on April 4 read out a message from her husband from jail.
- All MLAs have been advised to visit their constituencies frequently.
India News LIVE Updates: Relief for Navneet Kaur Rana regarding her scheduled caste certificate case
- In a relief for Navneet Kaur Rana SC sets aside the 2021 Bombay HC judgment that had cancelled her scheduled caste certificate on the ground that it was forged.
Arvind Kejriwal News LIVE Updates: Delhi HC refuses to entertain a second plea asking for the removal of Kejriwal as CM
- Delhi Hig Court refuses to entertain a second plea asking for the removal of Arvind Kejriwal as the CM of Delhi.
- The court remarks “At times, personal interest has to be subordinate to national interest,” court noted.
Delhi Excise Policy Case LIVE Updates: Sanjay Singh offers prayers at Hanuman temple a day after being released from jail
- AAP MP Sanjay Singh offers prayers at Hanuman Temple in Delhi.
- He was released from Tihar Jail on bail after six months in the Delhi excise policy case, yesterday.
- He said, "... By god's grace I was granted relief... I prayed with my family and party workers for the early release of other leaders of the party from jail..."
Taiwan Earthquake LIVE Updates: 9 dead, over 1000 injured; Rescue ops on for out of contact people
- Rescuers searched Thursday for dozens of people still out of contact a day after Taiwan's strongest earthquake in a quarter century damaged buildings, caused multiple rockslides and killed nine people.
- In the eastern coastal city of Hualien near the epicenter, workers used an excavator to stabilize the base of the damaged Uranus Building with construction materials, as some officers took samples of its exterior and chickens browsed amid potted plants on its slanted roof.
India News LIVE Updates: Efforts underway to rescue child from borewell in Karnataka village
- Efforts are underway to rescue a two-year old boy who fell into a borewell in Lachayan village of Indi taluk in this district, police said.
- A camera dropped in the borewell to analyse the situation showed Satwik Satish Mujagond moving his feet, and oxygen is being supplied through a pipeline so that the child can breathe, they said.
- Rescue operations have been on in full swing since Wednesday evening. The boy is believed to have fallen, head first, into a depth of around 16 feet, they said.
Services PMI News LIVE Updates: India’s March services PMI at 61.2 versus 60.6 in Feb
- India’s March services PMI at 61.2 saw strongest growth rates in over 13.5 years
- India’s March composite PMI at 61.8; second-strongest upturn in over 13-and-a-half years
IPL News LIVE: Rishabh Pant fined Rs 24 lakh for second over rate offence
- Delhi Capitals captain Rishabh Pant has been fined Rs 24 lakh for a second over rate offence in the 2024 Indian Premier League.
- Pant was guilty of maintaining a slow-over in the game against Kolkata Knight Riders on April 3.
Hemant Soren News LIVE Updates: Special PMLA Court takes cognisance of prosecution complaint filed by ED against Soren
- Special PMLA Court, Ranchi takes the cognizance of Prosecution Complaint filed by ED against former Jharkhand CM Hemant Soren and others under PMLA in a land scam case.
News LIVE Updates: Janet Yallen heads to China to talk trade, anti-money laundering and Chinese overproduction
- Janet Yellen is headed to a China determined to avoid open conflict with the United States, yet the world's two largest economies still appear to be hashing out the rules on how to compete against each other.
- There are tensions over Chinese government support for the manufacturing of electric vehicles and solar panels, just as the U.S. government ramps up its own aid for those tech sectors. There are differences in trade, ownership of TikTok, access to computer chips and national security all of them a risk to what has become a carefully managed relationship.
India News LIVE Updates: Govt launches myCGHS iOS app to 'enhance' access to healthcare services
- The government has launched the 'myCGHS' app for iOS to provide Central Government Health Scheme beneficiaries access to electronic health records, information, and resources.
- The app facilitates a wide range of services, including booking and cancellation of online appointments, accessing reports from CGHS labs, checking medical reimbursement claim status, and locating nearby wellness centres and empanelled hospitals, labs, and dental units among others.
Japan Earthquake LIVE Updates: Magnitude-6.0 quake shakes northeast Japan
- A magnitude-6.0 earthquake struck off northeastern Japan's Fukushima region on Thursday, the Japan Meteorological Agency said, but no tsunami warning was issued.
India News LIVE Updates: 30 passengers detained for 'smuggling' flee Lucknow airport
- Thirty people who were detained at the Lucknow airport for allegedly smuggling gold into the country escaped after one of them pretended to fall sick and created chaos, officials said.
- Customs and police officials have launched a search operation to nab the accused, they said.
Taiwan Earthquake LIVE Updates: Injuries top 1,000, hotel workers still missing
- The number of people injured in a 7.2 magnitude earthquake in eastern Taiwan climbed past 1,000 on Thursday though the death toll remained steady at nine, with 38 workers on their way to a hotel in a national park still missing and others now found.
Singapore News LIVE Updates: 500 foreign maids in Singapore duped in 2023, says govt
- As many as 500 migrant maids working in Singapore fell victim to scams last year, an increase of 18 per cent from the 423 cases of duping reported in 2022, according to Home Affairs Minister K Shanmugam.
- Most of the domestic workers in Singapore come from India, Sri Lanka and Southeast Asian countries.
India News LIVE Updates: High court seeks govt reply on plea challenging horizontal reservation to women of U'khand
- The Uttarakhand High Court on Wednesday sought a reply from the state government on a petition challenging 30 per cent horizontal reservation to domiciled women of the state in government jobs.
- A division bench of Chief Justice Ritu Bahri and Justice Rakesh Thapliyal was hearing a petition filed by Satya Dev Tyagi.
