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Sensex tanks 788 points, Nifty below 12,000-mark as market suffers worst loss in 6 months on US-Iran tussle; banks, auto firms bleed
Fp Staff •On the Sensex chart, Bajaj Finance was the top loser, dropping 4.63 percent, followed by SBI, IndusInd Bank, Maruti, HDFC, Hero MotoCorp, Axis Bank, ICICI Bank and Reliance Industries.
RBI cuts rates by 25 bps: India Inc hails central bank decision, says it will induce liquidity in economy
Fp Staff •For the third time in a row, the RBI cuts the repo rate cut by 25 basis points. It will definitely spur growth for the real estate sector specifically.
Universal debt relief scheme: Govt planning to provide relief to small borrowers, micro-entrepreneurs, says Corporate Affairs Secretary Injeti Srinivas
Fp Staff •The Corporate Affairs Secretary said the cost of the scheme is unlikely to exceed Rs 20,000 crore, but will benefit millions in the very small-ticket loan category.
Jet Airways shares fall for second straight session, plunge over 5% amid continued uncertainty over revival plan
•Jet Airways' shares slumped nearly 8 percent on Wednesday too.
A unique telescope launched in South Africa on 25 May combines 'eyes and ears' to study the universe
•Scientists on 25 May launched the world’s first optical telescope linked to a radio telescope, which combines “eyes and ears” to study the universe.
India's lesson of tolerance only way to beat violence, hostility in name of religion, says Rajnath Singh
•The country's entire system is guided by the Constitution, which has roots in the ancient cultural traditions of the country, Rajnath Singh said.
Uttarakhand landslide: 2 killed, 3 injured after car falls into 300-feet-deep gorge near Devprayag
Fp Staff •Two people were killed and three others feared injured after a car fell into a gorge in Uttarakhand, according to reports
Venezuela political crisis: Opposition parties cannot participate in next presidential election, says Nicolas Maduro
•Venezuela's leading opposition parties cannot take part in next year's presidential election because they did not take part in Sunday's local voting, President Nicolas Maduro said
Kashmir: Militant killed in encounter with security forces in Sopore
•An encounter broke out on Saturday between security forces and militants in Sopore township of north Kashmir's Baramulla district, police said.
Donald Trump inaugurated as US president, vows 'America first' policy
•Donald Trump was sworn in as the 45th president of the United States on Friday, issuing a staunchly nationalist vow to put "America first" in his opening address to a country — and a world — watching a page of history turn.