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August 05, 2022 / 10:30 PM IST

News Highlights: Chinese Foreign Minister Wang Yi comments on Nancy Pelosi's Taiwan visit

News Highlights: Chinese Foreign Minister Wang Yi told the media "US has no right to make the mistake again of allowing another US House Speaker to visit Taiwan"

Follow Moneycontrol's Live News Blog to track the big headlines and top national and international stories of the day.
  • August 05, 2022 / 10:30 PM IST

    The live blog session has concluded. For more news, views and updates, stay tuned with Moneycontrol.com.

  • August 05, 2022 / 10:24 PM IST

    Electricity (Amendment) Bill 2022 likely to be introduced next week

    The suggested amendments are to the Electricity Act, 2003 which was enacted to consolidate the laws relating to the generation, transmission, distribution, trading, and use of electricity and generally for taking measures conducive to the development of electricity. Read More

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  • August 05, 2022 / 10:16 PM IST

    Amartya Sen given Muzaffar Ahmad Memorial Prize

    Economist Amartya Sen was on Friday awarded the Muzaffar Ahmad Memorial Prize for his book 'Home in the World: A Memoir'. Manabi Majumdar, the director of Sen's Pratichi Trust, received the award on behalf of the Nobel laureate as he is abroad

  • August 05, 2022 / 09:31 PM IST

    Commonwealth Games 

  • August 05, 2022 / 09:18 PM IST

    AICC spokesperson Sravan Dasoju quits Congress, blames Telangana unit president

    - He alleged that Reddy is functioning without following Congress leader Rahul Gandhi's principle of social justice and also the ideals for which party chief Sonia Gandhi granted statehood to Telangana.

    - Sravan Dasoju, a leader from the backward classes, also alleged that AICC in-charge of party affairs in Telangana Manickam Tagore too did not correct Reddy when the latter spoke as if his own community should be powerful, while backward classes, SCs, STs would remain ignored.

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  • August 05, 2022 / 09:10 PM IST

    Maharashtra sees 2,024 COVID-19 cases, 5 deaths; active tally now 11,906

    The recovery count increased by 2,190 in the last 24 hours to touch 78,95,954, leaving the state with an active caseload of 11,906, he said. State health department data showed the fatality rate was 1.83 percent and the recovery rate was 98.01 percent.

  • August 05, 2022 / 08:28 PM IST

    Sebi issues framework to curb inadvertent trades by company's designated persons during trading window closure

    Sebi on Friday asked stock exchanges and depositories to develop a system wherein permanent account numbers of a company's designated persons are frozen for a specific period to curb inadvertent trades during the trading window closure.

    - Initially, the new framework will be applicable to declaration of financial results of listed companies that are or were part of benchmark indices — Nifty 50 and Sensex — for the quarter ending September 30, 2022. Read More

  • August 05, 2022 / 08:14 PM IST

    India supports ASEAN's unity, centrality in free and open Indo-Pacific

    A day after the meeting, the Ministry of External Affairs (MEA) said that both sides deliberated on ways to elevate the "ASEAN-India" ties including by enhancing cooperation in areas of "smart agriculture", healthcare, new and renewable energy, digital inclusivity and fintech. It said the ministers shared views on important regional and international issues of mutual interest and discussed preparations for the upcoming ASEAN-India summit. 

  • August 05, 2022 / 07:55 PM IST

    Rupee rises 16 paise to 79.24 against US dollar post RBI rate decision

    - At the interbank foreign exchange market, the domestic currency opened at 79.15 per dollar and hovered in a range of 78.94 to 79.29. It finally settled at 79.24, up 16 paise over its previous close of 79.40.

    - The Reserve Bank on Friday raised the key interest rate by 50 basis points to 5.40 per cent to cool stubbornly high inflation. This was the third straight increase since May. With this, the repo rate or the short-term lending rate at which banks borrow has crossed the pre-pandemic level of 5.15 per cent.

  • August 05, 2022 / 07:35 PM IST

    Congress protest on price rise: Over 60 party MPs released after about 6 hours in detention

    - Former Congress chief Rahul Gandhi, Priyanka Gandhi Vadra, K C Venugopal, Adhir Ranjan Chowdhury and Gaurav Gogoi were among the MPs detained and taken away from Vijay Chowk, outside AICC headquarters and other places in the national capital.

    - More than 60 Congress MPs, detained by the police during the party's protest in Delhi against price rise and unemployment, were released after about six hours, Congress general secretary Jairam Ramesh said. 

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  • August 05, 2022 / 07:32 PM IST

    Compulsory voting not practical in India: MoS Law and Justice

    Minister of State for Law and Justice, S P Singh Baghel, said he agreed with the sentiment of the members on compulsory voting, but it was not practical to penalise people for not exercising their franchise. The House deliberated the Bill for three years. During the discussion, many members spoke in favour and many against.

  • August 05, 2022 / 07:16 PM IST

    US job growth beats expectations; unemployment rate falls to 3.5%

    Non-farm payrolls increased by 528,000 jobs last month, the Labour Department said in its closely watched employment report on Friday.

    - Data for June was revised higher to show 398,000 jobs created instead of the previously reported 372,000.

    - Economists polled by Reuters had forecast payrolls rising by 250,000 jobs and the unemployment rate steady at 3.6%. Estimates ranged from as low as 75,000 to as high 325,000 jobs.

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