BREAKING !  :  Members of Karnataka Pradesh Mahila Congress staged a protest over rise in prices of LPG cylinders in Bengaluru on Thursday. (Photo By Arrangement) Hoteliers fume over hike in LPG cylinder prices
 BREAKING !  :  Cyient founder B.V.R. Mohan Reddy. (Photo: Twitter) BVR Mohan Reddy: A living example for success by design
 
Nation In Other News 01 Jul 2016

Nation, In other news, 01 Jul 2016

The Supreme Court on Friday directed real estate major Unitech Ltd to deposit an amount of Rs 5 crore. (Representational image)

SC asks Unitech to deposit Rs 5 crore for delay in handing flats

A bench comprising Justices Dipak Misra and C Nagappan also warned the developer to deposit the amount by August 12.
01 Jul 2016 9:11 PM
The plane was attached by the Service Tax Department in December 2013, claiming tax dues of over Rs 800 crore from the Mallya's Kingfisher Airlines.

Mallya's plane auction proves damp squib, gets Rs 1.09 crore bid

The company has offered a paltry Rs 1.09 crore against our reserve price of Rs 152 crore.
01 Jul 2016 8:44 PM
Revenue Secretary Hasmukh Adhia

Rs 43,000 crore undisclosed income unearthed in 2 years: Revenue Secretary

Talking about the penalty to be imposed on the Rs 13,000 crore of black money discovered in foreign accounts of Indians so far.
01 Jul 2016 7:47 PM
Supreme Court of India (Photo: PTI)

Supreme Court notice to Centre, RBI and CBI on plea on P-notes

The new rules enable the regulator to check the complete transfer trail of P-notes money on a monthly basis.
01 Jul 2016 5:44 PM
The fare for a one-hour flight of approximately 500 kilometre on a fixed-wing aircraft or on a 30-minute helicopter ride has been fixed at Rs 2,500.

Government proposes levy to fund regional air connectivity scheme

The government has also announced that it would provide funds for revival of another 60 airports.
01 Jul 2016 5:28 PM
The provisional agreement would be placed before the Union Cabinet for approval, subsequent to which the new tax treaty can be signed by the two countries.

India to levy tax on investments from Cyprus from April 17

A grandfathering clause would be provided for investments made prior to April 1, 2017.
01 Jul 2016 5:21 PM
The 7th Pay Commission awards will result in a pay-out of Rs 850 billion this fiscal.

7th pay commission, good monsoon to aid consumption: BofA

The other factors that are likely to aid consumption-led recovery include household savings of 0.4 per cent of GDP.
01 Jul 2016 4:59 PM
DBS flagged other issues as well which will confront the new Governor, including maturing of the FCNR-B deposits worth USD 20 billion starting September.

New RBI Governor should continue Rajan's inflation fight: DBS

The central bank as a credible and independent body, and would like to see the new head to continue with focus on inflation over growth.
01 Jul 2016 3:44 PM
HPE maintained at trial that Oracle was out to get customers to switch to servers from Sun Microsystems, which Oracle bought in 2010 in a move that added hardware to its software offerings.

Oracle told to pay HP billions in chip dispute

The jury verdict requires Oracle to pay $3.1billion in damages to HP for breach of contract and lack of good faith and fair dealing.
01 Jul 2016 3:39 PM
The quantum of FII investments via P-Notes had dropped to 9.2 per cent in May from 9.3 per cent in the preceding month.

P-Note investments rise to Rs 2.15 lakh crore in May

The total value of P-Notes investment in Indian markets - equity, debt and derivatives - increased to Rs 2,15,338 crore at the end of May.
01 Jul 2016 3:09 PM
Oil market watchers said last week's decline in US commercial inventories is also helping boost prices.

Oil prices up as global markets recover post Brexit

US benchmark West Texas Intermediate for August delivery was up 22 cents, or 0.46 per cent, at $48.55.
01 Jul 2016 12:54 PM
While retail inflation hit a near two-year high in May, the survey's output prices sub-index fell to a three-month low of 50.1 in June versus 50.5 the previous month, as input costs rose at a weaker pace. (Photo: Representational Image)

India factory growth at 3-month high in June on strong demand

A private survey showed firms barely raised prices leaving the door open for another rate cut by the central bank this year.
01 Jul 2016 11:52 AM
At the Multi Commodity Exchange, gold for delivery in far-month October went up by Rs 269 or 0.85 per cent to trade at Rs 31,778 per 10 gram in a business turnover 66 lots.

Gold zooms by Rs 269 on strong global cues

Traders got indulged in raising their bets amid a firm global trend.
01 Jul 2016 11:19 AM
The rupee had firmed up 16 paise to close at 67.52 yesterday.

Rupee gains 9 paise against dollar

Dealers said strong foreign fund inflows and a higher opening of the domestic equity market gave the local unit more strength.
01 Jul 2016 10:10 AM
Ringing Bells' Freedom 251 smartphone, whose launch in February crashed the company's website, is priced at 251 rupees - possibly the cheapest Android smartphone in the world.

India's cheapest smartphone rings alarm bell on workers conditions

Labour rights campaigners worry that push to churn out cheap handsets and tablets may lead to greater abuse of workers' rights in India.
01 Jul 2016 8:58 AM
The governor of the Bank of England Mark Carney gives a press conference, his first since the leave result of the European Union referendum, at the Bank of England in the City of London. (Photo:AP)

Bank of England's governor sees need for summer stimulus after Brexit shock

Carney said the BoE's Monetary Policy Committee would give an initial assessment of the impact of the referendum's impact on July 14.
01 Jul 2016 8:10 AM
Mayer told the small turnout of shareholders that Yahoo "is making great progress on our process" without specifying when a decision might be made.

Yahoo CEO paints bright picture with potential sale looming

If Yahoo sells, Mayer will probably lose her job after four years as CEO and walk away with a $55 million severance package.
01 Jul 2016 7:50 AM
As per the latest data released by Switzerland's central bank SNB, the total funds linked to Pakistan in Swiss banks stood at CHF 1,513 million. (Representational image)

Pakistan beat India in stashing away funds

Money kept by Pakistanis in Swiss banks has risen by over 16 per cent to 1.5 billion francs (over Rs 10,000 crore).
01 Jul 2016 4:38 AM
Morgan Stanley’s chief global strategist Ruchir Sharma

PSU banks’ merger isn’t great: Ruchir Sharma

It will further slow down privatisation of PSU banks.
01 Jul 2016 4:33 AM
RBI Governor Raghuram Rajan

3-year term for RBI Governor too short, says Raghuram Rajan

He pitched for a longer tenure for the central bank head, saying the global practice has to be emulated in India as well.
01 Jul 2016 2:39 AM

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‘What to Watch’ for week ending March 21

N. Balakrishna aka NBK is all set to appear on Telugu Indian Idol Season 2 this week Friday and Saturday.
 

Justice for Preethi gains social media momentum

Dr D. Preethi (Image Source: Twitter)
 

Hyderabad city to have bridges à la Paris

While six bridges and a link road will be constructed by the Hyderabad Metropolitan Development Authority, four bridges will be built by the Greater Hyderabad Municipal Corporation, three by the HRDCL and one bridge by the QQSUDA. (Representational Image: PTI)
 

Experts warn of particularly hot summer ahead in Hyderbad

Anjal Prakash, research director and adjunct associate professor of Bharti Institute of Public Policy, ISB, told Deccan Chronicle, “The climate models have predicted that this is going to be a warmer summer and the hot areas will be hotter than before. In Telangana, we are seeing 38ºC in February itself, which is an indication of what is in store in April and May.” (Representational DC Image)
 

When Cupid strikes OTT platforms

Shah Rukh Khan and Kajol from the film Dilwale Dulhania Le Jayenge. (Photo: Twitter)
 

Kerala transman gives birth to baby, first case in India

Ziya Paval recently took to Instagram and announced that Zahhad was eight months pregnant. Paval and Zahhad have been living together for the past three years. (Twitter)
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Entertainment Gallery

Ananya Panday along with Vijay Deverakonda are currently busy promoting their upcoming sports action film 'Liger'. (ANI)

Ananya Panday, Vijay Deverakonda spotted at coffee shop
Niharika Koniedla and Chaitanya Jonnalagadda, Picture credit: Joseph Radhik

Niharika and Chaitanya wedding ceremony
Rana Daggubati and Miheeka Bajaj during the pooja

Rana Daggubati and Miheeka Bajaj performed the traditional Satyanrayanara Vratam
Actor Rana Daggubati and Miheeka Bajaj

Actor RanaDaggubati and entrepreneur Miheeka Bajaj tied the knot on Saturday evening
(From left) Actor Rajinikanth, Mahesh Babu and Chiranjeevi

South stars stand in solidarity with PM's 9 baje 9 minute initiative
Taylen Biggs, 6, poses for photos outside of a show during Fashion Week in New York. AP Photo

Fashion on streets: Here's the best looks from New York Fashion Week
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