MHA revokes Church of North India's FCRA
New Delhi: The Union home ministry has revoked the Foreign Contribution Registration Act (FCRA) licence of prominent evangelical organisation, the Church of North India (CNI), active since 1970, for alleged violations of rules, said officials. They said the trust cannot receive or utilise foreign contributions until the licence is renewed. CNI came into existence through…
Adani firm raises offer for Lanco Power
MUMBAI: Adani Power gave a revised, improved offer of ?4,100 crore to lenders of Lanco Amarkantak Power, the thermal power company undergoing insolvency proceedings, said people with knowledge of the matter.This is the second improved offer by Adani Power within six weeks, implying that it is willing to walk the extra mile to pursue lenders…
Garlic prices double in six weeks
PUNE: Garlic prices have doubled in the past 6 weeks crossing Rs 250/kg in retail markets in most parts of the country. The average wholesale prices are around Rs 130-140/kg while the best quality garlic is selling at Rs 220-250/kg in wholesale mandis.Garlic prices tend to increase in December as the supplies from the stored…
HM urges Bihar govt to address caste
SynopsisUnion Home Minister Amit Shah said that questions have been raised regarding the prioritization of specific communities after the Nitish Kumar-led government in Bihar conducted a caste survey and further urged the Bihar government to address the issues raised in this survey.PTIUnion Home Minister Amit Shah Union Home Minister Amit Shah said that questions have…
Loss due to Michaung could be around
Chennai: The loss due to the heavy rains that came with Cyclone Michaung which hit Chennai and neighbouring districts, is expected to be over Rs.11,000 crores, K. E. Raghunathan, national President of Association of Indian Entrepreneurs said in a statement.He said the estimate has been segregated into business loss due to production being stopped, machinery…
At COP28, sticking points remain on fossil
DUBAI: Negotiators have been urged to narrow down their options so they can agree on how to save Earth from disastrous levels of warming and help vulnerable societies adapt to weather extremes as the clock runs down on United Nations climate talks. COP28 President Sultan al-Jaber told journalists Sunday afternoon that negotiators were "making good…
“Will fulfil Modi Ki Guarantee”: Vishnu Deo
SynopsisTribal leader and former Union Minister Vishnu Deo Sai has been chosen as the new Chief Minister of Chhattisgarh by the Bharatiya Janata Party (BJP). Sai pledged to work with honesty and fulfill Prime Minister Narendra Modi's 'Modi Ki Guarantee' promises. He stated that the first task would be to provide 18 lakh 'Awas' to…
Nifty Bank oscillators screaming overbought at top
Following the nearly 2,500-point rally in Nifty Bank last week, oscillators are clearly screaming overbought at the top of their voice. "But this is a classic case of bullish phases. The fact negative divergences are visible in weekly and monthly timeframes signals volatility ahead, and cautious against fresh positions, but to let profits run," says…
For too long India has put up
SynopsisEAM S Jaishankar emphasized India's need to confront unfair competition globally, stating the country should no longer tolerate it in the name of globalization. Speaking at the FICCI AGM, he highlighted India's shift from being considered the "back office" to the "pharmacy, designer, and producer of the world." Jaishankar showcased India's global impact through vaccines,…
IT firms take pole position on CEO
SynopsisC Vijayakumar, managing director and CEO of HCL Technologies, India’s third-largest IT services company by market cap, was the eleventh-highest paid, taking home $3.46 million, or about Rs 28 crore, (he is based out of the US) in FY23.ETtechThe IT services industry continues to be the top CEO paymaster in India despite business headwinds in…
