The Economic Times
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| 14 August, 2020, 02:25 AM IST | E-Paper

Economic Times | 16 Jul, 2020 | 12.11AM IST

Delhi Riots News: Court dismisses Pinjra Tod members' bail plea

Additional Sessions Judge Amitabh Rawat rejected the bail pleas of the two JNU students on June 14, on the ground that there was no merit in the applications.

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12:11 AM

Wrap up: All you need to know

  • Tamil Nadu COVID-19 recoveries cross 1-lakh mark
  • India's recovery rate has increased to 63.20%
  • Air India to send certain employees on leave without pay for up to 5 years
  • Zydus begins human trials for potential COVID-19 vaccine
  • Google is set to invest over Rs 33,000 crore in Jio Platforms
  • US to impose sanctions on some Huawei employees.
12:05 AM

SC stresses on need of online classes for children in shelter homes

  • The Supreme Court on Wednesday while hearing the suo motu case regarding spread of COVID-19 in children shelter homes, stressed the need for online classes for the children.A Bench headed by Justice L Nageswara Rao asked states to submit a report on the steps taken for online classes in Child care institutions.
  • Amicus Curiae, advocate Gaurav Agarwal appointed by the top court to assist it, told the court that in Assam at the beginning of lockdown there 2400 children in Child Care Institutions but now the number stands at 1800.
  • "500 children were released. The one released need to be followed up with if they need medical or educational facilities. Funding by the state of Assam is not clear," Agarwal contended.
11:53 PM

More than 150 countries sign up for global vaccine plan

  • More than 70 rich countries have signed up to a global coronavirus vaccine initiative intended to ensure that any effective shots are fairly distributed around the world - but which may also allow them to buy more vaccines to stockpile for their own citizens.
  • In a statement on Wednesday, the vaccines alliance Gavi reported that 75 countries have said they would join its new “Covax facility” along with another 90 low-income countries that hope to receive donated vaccines.
  • The Associated Press reported this week that the Gavi initiative may allow rich countries to reinforce their own coronavirus vaccine supplies while leaving fewer doses available for more vulnerable populations.
11:16 PM

India has been a great partner of America: Pompeo

  • India has been a great American partner, US Secretary of State Mike Pompeo said on Wednesday, noting that he frequently talks with his Indian counterpart S Jaishankar on a broad range of issues, including the conflict it had along the border with China.
  • The troops of India and China are locked in an over eight-week standoff in several areas in eastern Ladakh including Pangong Tso, Galwan Valley and Gogra Hot Spring since May 5. The situation deteriorated last month following the Galwan Valley clashes that left 20 Indian Army personnel dead.
10:53 PM

CBSE class 10 results: Delhi govt schools improve pass percentage

  • Delhi government schools have improved their pass percentage to 82.61 per cent this year as against 71.58 per cent last year in the class 10 CBSE exams, a statement said on Wednesday.
  • At the all-India level, Delhi schools altogether improved their pass percentage from 80.97 per cent in 2019 to 85.86 per cent this year, it said.
  • Government schools improved their pass percentage at the national level from 71.91 per cent last year to 80.91 per cent this year.
10:24 PM

Indian Medical Association says 99 doctors have succumbed to COVID-19, issues 'red alert' for medicos and medical administrators asking them to raise their guard

10:23 PM

All departments at the West Bengal legislative assembly to remain completely closed till 24th July after an employee at the assembly tested positive for COVID19. Work at the assembly to resume from 27th July.

10:21 PM

Delhi riots: Court dismisses Pinjra Tod members' bail plea

  • A Delhi court has dismissed bail pleas of Devangana Kalita and Natasha Narwal, members of Pinjra Tod, a women's collective, in a case related to the communal violence in north east Delhi during protests against the Citizenship Amendment Act in February.
  • Additional Sessions Judge Amitabh Rawat rejected the bail pleas of the two JNU students on June 14, on the ground that there was no merit in the applications.
  • The court said in its order, that it was amply clear from the charge sheet that the investigation is still pending and it has been filed against other accused persons also.
10:04 PM

India, EU adopt declaration on moving towards more circular economic model

  • India and the European Union on Wednesday adopted a joint declaration on moving towards a more circular economic model that provides for reduction in primary resource consumption and enhances the use of secondary raw materials.
  • The declaration was adopted at a virtual summit of the leaders of the two sides that resolved to significantly expand bilateral economic engagement, recognising that post COVID-19 recovery priorities offer opportunities to unleash the full potential for trade and investment ties.
  • The India delegation at the summit was led by Prime Minister Narendra Modi while the EU team was headed by President of the European Council Charles Michel and President of the European Commission Ursula von der Leyen.
09:33 PM

China summons US ambassador over Hong Kong sanctions: foreign ministry

09:13 PM

PM Modi congratulates students who passed CBSE Class X and XII exams

08:52 PM

Maharashtra Criminal Investigation Department (CID) submits a charge sheet in Palghar lynching case.

08:52 PM

Mumbai reports 1,390 new cases

  • Total number of positive cases rise to 96,253.
  • Currently, there are 22,959 active cases.
  • 62 deaths were also reported, taking the grim tally to 5,464.
08:19 PM

Trump ends preferential economic treatment for Hong Kong

  • US President Donald Trump has signed an executive order to end the preferential economic treatment for Hong Kong after China imposed a controversial national security law in the Asian trading hub to curb autonomy and democratic freedoms.
  • The Trump administration has been openly critical of Beijing's sweeping national security law aimed at limiting Hong Kong's autonomy and curb political dissent against the ruling Chinese Communist Party.
  • Trump said he also signed legislation to sanction Chinese officials responsible for cracking down on political dissent in Hong Kong.
07:56 PM

US to impose sanctions on some Huawei employees: US Sec. of State Pompeo

07:31 PM

Tamil Nadu reports 4,496 new cases and 68 deaths

  • Total number of cases rise to 1,51,820.
  • Active cases stand at 47,340 with 1,02,310 discharged.
  • State has reported 2,167 deaths.
07:08 PM

Fresh capital to provide stability to banks in rocky times: S&P

  • Appreciating the decision of Indian banks to raise fresh capital, S&P Global Ratings on Tuesday said the move will provide stability to the institutions during these rocky times and help them withstand the economic slump amid the COVID-19 pandemic.
  • "The large capital-raising is credit positive," the agency said in a release adding that "large capital increases across India's financial institutions support the system's stability during these rocky times."
  • Indian banks that have expressed an intention to raise equity include ICICI Bank (Rs 15,000 crore), Axis Bank (Rs 15,000 crore), Yes Bank (Rs 15,000 crore), State Bank of India (Rs 20,000 crore), Bank of Baroda (Rs 9,000 crore), and Punjab National Bank (Rs 7,000 crore), said S&P.
06:33 PM

India's tea production likely to dip 13% this year: Report

  • Tea production in the country is likely to decline 13 per cent in the current calendar year due to restrictions on labour deployment amid the ongoing COVID-19 pandemic and adverse weather conditions, which will result in an increase in production cost, according to a report.
  • Factors like restrictions on labour deployment due to the coronavirus pandemic have impacted the bulk tea players in northern India in an unfavourable manner during March, April and May 2020, according to the report by rating agency ICRA.
  • While there were expectations of production returning to normal levels from June, inclement weather conditions and flooding in Assam in June witnessed crop losses ranging from 15 per cent to 25 per cent, it added.
06:16 PM

India sees trade surplus after almost 2 decades

  • June trade surplus at $790 million.
  • Imports shrink 47.59% on year.
06:09 PM

Dharavi reports 23 new cases

  • Total number of cases rise to 2415 including 99 active cases.
06:03 PM

Punjab CM Amarinder Singh tests negative for COVID-19

  • Punjab Chief Minister Amarinder Singh tested negative for COVID-19 on Wednesday, a day after one of his cabinet colleagues contracted the infection.
  • Punjab Rural Development and Panchayats Minister Tript Rajinder Singh Bajwa tested positive for the novel coronavirus on Tuesday.
  • Singh urged all ministers, department secretaries and legislators to get themselves tested for COVID-19. He himself got tested and the result was negative, a spokesperson said.
05:51 PM

India has played significant role in combating pandemic: EU

  • The European Union on Wednesday said India has played a significant role in the fight against COVID-19, saying it had also contributed to international efforts to combat the pandemic.
  • The views were expressed at the 15th India-EU virtual summit by European Council President Charles Michel and European Commission President Ursula von der Leyen on Wednesday.
  • "I would like to thank India for the cooperation your country has shown with the EU. I would like to pay tribute to your role nationally and internationally, multilaterally in combating COVID19 pandemic," Michel said.
05:38 PM

UN warns of dangerous drop in vaccinations during pandemic

  • Levels of childhood immunisations against dangerous diseases such as measles, tetanus and diphtheria have dropped alarmingly during the COVID-19 pandemic, putting millions of children at risk, United Nations agencies said on Wednesday.
  • "The avoidable suffering and death caused by children missing out on routine immunisations could be far greater than COVID-19 itself," World Health Organization (WHO) director general Tedros Adhanom Ghebreyesus said in a joint report with UNICEF.
  • Three-quarters of the 82 countries that responded to a survey for the report said they had suffered coronavirus-related disruptions to their immunisation programmes as of May 2020.
05:31 PM

US banking giant Goldman Sachs' quarterly profits top estimates at $2.2 billion, shares jump

05:07 PM

Air India to send certain employees on leave without pay for up to five years

  • Air India has started the process of identifying employees, based on various factors like efficiency, health and redundancy, who will be sent on compulsory leave without pay (LWP) for up to five years, according to an official order.
  • The airline's board of directors have authorised its Chairman and Managing Director Rajiv Bansal to send employees on LWP "for six months or for a period of two years extendable upto five years, depending upon the following factors - suitability, efficiency, competence, quality of performance, health of the employee, instance of non-availability of the employee for duty in the past as a result of ill health or otherwise and redundancy", the order said on Tuesday.
05:06 PM

Tablighi Jamaat: Delhi court grants bail to 200 Indonesians

A Delhi court Wednesday granted bail to 200 Indonesians who were chargesheeted for attending Tablighi Jamaat congregation here allegedly in violation of visa norms, indulging in missionary activities illegally and violating government guidelines issued in the wake of COVID-19 outbreak.
05:02 PM

If a COVID warrior loses his/her life in the fight against covid-19, one member of his/her family will be given govt job: West Bengal CM Mamata Banerjee

04:57 PM

I am committed to expand ties with European Union; We must adopt long-term strategic perspective to boost ties

- PM Modi

04:56 PM

India, EU share universal values like democracy, pluralism, inclusivity, multilateralism, freedom and transparency: PM Modi at India-EU summit

04:52 PM

India and EU are natural partners. Our partnership is significant for peace and stability of the world. This reality has become even more clear in the global situation today

- Narendra Modi

04:49 PM

Apart from current challenges, long-term challenges like climate change also a priority for India and the EU. In our efforts to increase the use of renewable energy in India, we invite investment and technology from Europe

- PM Modi

04:47 PM

Maruti, Toyota recall over 1.41 lakh units to replace faulty fuel pumps

  • The country's largest carmaker Maruti Suzuki India (MSI) on Wednesday said it is recalling 1,34, 885 units of WagonR and Baleno to in order to replace faulty fuel pumps.
  • Toyota Kirloskar Motor (TKM), which sources Baleno from MSI and sells it as Glanza, also said it is recalling around 6,500 units of the premium hatchback to fix the same problem.
  • In a statement, MSI said it is voluntarily recalling WagonR (1-litre) manufactured between November 15, 2018, and October 15, 2019, and Baleno (petrol) manufactured between January 8, 2019, and November 4, 2019.
04:44 PM

Infosys reports 12.4 per cent rise in Q1 net profit to Rs 4,272 crore, revenue increases 8.5 per cent to Rs 23,665 crore during same period

04:42 PM

We had to cancel India-EU summit in March due to pandemic. It is good that we are able to come together today through virtual medium

- PM Narendra Modi

04:40 PM

I would like to thank India for the cooperation your country has shown with the EU. I would like to pay tribute to your role nationally and internationally, multilaterally in combating COVID-19 pandemic

- European Council President Charles Michel

04:39 PM

Bengaluru Police Commissioner orders ban on online sale of liquor in the area till the end of lockdown

Lockdown has been imposed in Bengaluru for seven days, which started from 8 pm yesterday and will continue till 5 am on 22nd July in the wake of COVID-19 pandemic.
04:35 PM

PM Modi addresses India-EU Summit via video conferencing

04:34 PM

Punjab Cabinet approves the recruitment of 798 experts

Punjab Cabinet has approved the recruitment of as many as 798 experts as plainclothes Civilian Support Staff for Punjab Investigation Bureau, which is all set to induct a total of 4251 personnel, across different ranks & positions: State government
04:26 PM

Andhra reports highest single-day of 2432 cases, tally crosses 35K mark

04:17 PM

50% tipplers in West Bengal switch over to cheaper brands of liquor due to price hike: Survey

04:04 PM

Governor of Madhya Pradesh Lal Ji Tandon is still on ventilator and is undergoing dialysis: Dr Rakesh Kapoor, Medical Director, Medanta Lucknow

03:51 PM

Deal with Saudi Aramco not progressed as per timelines: Ambani

  • Asia's richest man Mukesh Ambani on Wednesday said his group's planned stake sale in oil-to-chemical business to Saudi Aramco for an asking of USD 15 billion has not progressed as per original timelines due to COVID-19.
  • "We value our two-decade relationship with Aramco and are committed to a long-term partnership," Ambani said at Reliance Industries' annual general meeting.
  • He, however, did not say if the deal was on track or give a new timeline for its completion.
03:50 PM

Closing Bell

Sensex ends 18.75 pts higher at 36,051.81; Nifty up 10.85 pts to 10,618.20
03:41 PM

Top India, US CEOs discuss ways to boost investment opportunities across several sectors

  • Top CEOs of India and the US on Tuesday discussed ways to boost bilateral investments in sectors such as healthcare, aerospace, defence, infrastructure, ICT, and financial services, according to a commerce ministry statement.
  • The discussion took place during the the India-US CEO Forum through a telephonic conference. The forum was co-chaired by Tata Sons Chairman N Chandrasekaran and James Taiclet, President and Chief Executive Officer, Lockheed Martin.
03:40 PM

Ambani says received strong interest from strategic investors for Reliance Retail

  • Richest Indian Mukesh Ambani on Wednesday said his group's retail venture has received strong interest from strategic and financial investors.
  • "We will induct global partners and investors in Reliance Retail in the next few quarters," he said at Reliance Industries annual general meeting.
  • Reliance Retail has already started pilots of its ecommerce venture.
03:39 PM

Worldwide coronavirus cases cross 13.41 million, death toll at 578,228

03:25 PM

IDBI Bank plans to raise Rs 11,000 cr equity capital

  • Private lender IDBI Bank will raise up to Rs 11,000 crore equity capital through various modes, including a qualified institutional placement (QIP), in about a year to strengthen its capital base, the bank said on Wednesday.
  • The lender will seek approval from shareholders for the proposal in the upcoming annual general meeting (AGM) on August 17, 2020, the bank said in a regulatory filing.
03:07 PM

Reliance Energy

Reliance Energy
03:02 PM

Reliance retail has been at the forefront for bringing retail revolution in India

  • Revenues for last year- grown 8 times and profit 11 times
  • Reliance Retail is the only Indian to feature in top 100 retailers of the world
  • More than 2/3rd stores are operated in Tier 2 and Tier 3 cities
  • Employment opportunities for lakhs of people
  • Growth model is inclusive- connecting farmers to households
02:54 PM

Partnership with Google

There are many feature phone users who want to upgrade to an affordable smartphone. Such an innovation would require an excellent operating system where Google comes in. Its partnership with Jio would enable more and more people to access the cutting edge technology.
02:50 PM

Partnership with Facebook

Announced in April 2020, the partnership between Reliance Industries and Facebook will empower the country digitally, businesses and entrepreneurs. The projects will open opportunities for the commerce and retail sector in the country. India has more than 60 mn small merchants, they will be benefitted from the opportunities created by the partnership.
02:45 PM

New commerce platform -Jio Mart

  • A powerful tech platform that will unite producers, customers and kiranas
  • Jio Mart is built to digitally enable Kiranas, stalls will no longer will be held back
  • It has become a trusted partner of supllies for Kirana stores
  • Jio Mart focussed to provide superior facilities to consumers
  • Already registered with 200 cities.
  • Boost India's consumption
02:30 PM

Jio's latest offerings

  • Jio set top box- Jio TV+ aggravated all the content from 12 OTT platforms
  • Jio Fiber- Brought interactivity to TV
  • Jio App Store- Home to the leading app developers
  • JioGlass- Supports more than 25 applications, mix reality experience in 3D
  • Jio Meet: From virtual hangouts to formal meetings, it is the most secure way to connect
02:22 PM

Jio has designed a complete 5G spectrum from scratch

Conceived with the vision of original technology first in India and then to the rest of the world. “Once it is proven in India, Jio Platforms would be well positioned to be an exporter of 5G solutions to other telecom operators globally, as a complete managed service,” Ambani said.
02:16 PM

Google to invest over Rs 33,000 crore in Jio Platforms

Google will invest Rs 33,737 crore in Jio Platforms for a 7.7 per cent stake in the telecom and digital arm of the company.
02:14 PM

New partners

  • Facebook
  • Silverlake
  • Vista
  • Adia and Mubadala of UAE
  • PIF of Saudi Arabia
  • Google -strategic partner
  • Intel and Qualcomm
  • General Atlantic
  • KKR
  • TPG
  • Catterton
02:11 PM

Over 200 crore worth exports by RIL

Over 200 crore worth exports by RIL
02:07 PM

Every adversity brings its own multiple opportunities

- Mukesh Ambani

02:05 PM

All directors, top executives of the Reliance Industries Ltd are present at its 43rd AGM

01:56 PM

Meeting of Joint Committee of MPs on Personal Data Protection Bill 2019, scheduled for 17 July has been postponed: Sources

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