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The Times of India
The Times of India PSU Solar bars R-Power, arms from contracts
India's Solar Energy Corporation of India (SECI) has banned Reliance Power and its subsidiaries from bidding on its contracts for three years. SECI alleges that Reliance Power submitted a fake bank guarantee as part of a bid for a battery energy storage system project. Reliance Power maintains it was the victim of fraud and plans to challenge the ban.
The Times of India Sensex dives 836 points as Trump euphoria settles
The Sensex plummeted 836 points as the post-US election euphoria faded, dragged down by foreign investors offloading Indian equities. Disappointing quarterly results from Indian companies also dampened market sentiment. Global markets were mixed, while Bitcoin reached a record high above $76,000.
The Times of India At 6%, rural FMCG growth 2x of urban
Driven by a favorable monsoon season, rural India witnessed a surge in FMCG consumption during the September quarter, outpacing urban growth. While rural areas thrived, urban consumption remained subdued due to high food inflation impacting middle-class spending.
The Times of India Re hits record low of 84.38 as dollar surges after Trump win
The Indian rupee fell to a new low against the US dollar, closing at 84.37, driven by foreign investors selling equities and a strengthening dollar following Donald Trump's presidential victory. Despite outperforming some Asian currencies, the rupee faced pressure from strong dollar demand. Analysts predict further depreciation before potential recovery, contingent on global factors like the situation in West Asia and the impact of Trump's policies.
The Times of India Activists claim UGC cell sitting on ragging plaints
Medical colleges in India are facing scrutiny for a disproportionately high number of ragging complaints, with over 40% of all complaints originating from these institutions. Anti-ragging activists argue that despite the alarming number of complaints, including cases resulting in student suicides, colleges and authorities often fail to take appropriate action, highlighting the urgent need for effective anti-ragging measures and accountability.
The Times of India Charity by India Inc up 4%, Nadar biggest giver
Indian philanthropists donated a total of Rs 8,783 crore in FY24, a modest increase from the previous year. Shiv Nadar topped the list for the fourth consecutive year, donating Rs 2,153 crore, primarily towards education. The EdelGive-Hurun India Philanthropy List 2024 highlights the growing trend of substantial donations among India's wealthiest individuals.
The Times of India Allow registration in insolvency cases if OC issued: IBBI
The Insolvency and Bankruptcy Board of India (IBBI) has put forward proposals to streamline the insolvency process for real estate projects. These proposals aim to allow the registration of properties owned by insolvent real estate companies if homebuyers have cleared dues and received possession. The IBBI also suggests that homebuyers should be exempt from certain eligibility criteria when bidding for such projects.
The Times of India Station master's 'OK' sends train, his life on wrong track
A station master's casual "OK" during a heated phone argument with his wife was misconstrued as authorization to dispatch a train. This mistake cost the railways Rs 3 crore and led to the station master's suspension, fueling a tumultuous 12-year divorce battle that ultimately reached the Chhattisgarh High Court.
The Times of India End of runway for Jet: SC orders liquidation, nixes revival plan
The Supreme Court has ordered the liquidation of Jet Airways after the Jalan Kalrock Consortium, the winning bidder, failed to deposit the first installment of the resolution plan. The court invoked its special powers to order the liquidation, citing the consortium's violations and the lack of progress in reviving the airline.
The Times of India Centre doubles penalty for stubble burning
To combat rising air pollution, India has doubled the fines for farmers burning crop residue in several northern states. The increased penalties, ranging from Rs 5,000 to Rs 30,000, took effect immediately. Despite a decrease in burning this season, over 400,000 cases have been reported across six states, with Punjab accounting for the majority.
The Times of India SC proposes planting 2x trees felled in Ridge, order to be passed today
The Supreme Court proposed that the Delhi Development Authority, responsible for illegally cutting down 1,670 trees, plant double that number in the southern ridge and a hundred times that across Delhi as compensation. The court also sought a mechanism to prevent future illegal tree felling in the city's vital green areas.
The Times of India Auto driver among three held for raping researcher near ITO in Oct
Delhi police arrested three men in connection with the gang rape of a 34-year-old woman researcher on October 11th. The accused, identified through CCTV footage and witness testimonies, allegedly assaulted the woman near ITO and abandoned her in Sarai Kale Khan. Police are ensuring the accused face the harshest punishment under the law.
The Times of India India slams 'hypocrisy' of Canada on free speech
India accused Canada of hypocrisy regarding freedom of speech after Canada blocked an Australian publication, Australia Today, for highlighting Indian Foreign Minister S Jaishankar's criticisms of Canada. India also stated Canada failed to provide security for Indian consular camps despite increased threats against Indian diplomats, leading to the cancellation of some camps.
The Times of India IAF, Navy start process to scrap cab aggregator deal over security fears
The Indian Air Force, Navy, and Coast Guard are terminating their agreements with Uber due to concerns about data security and potential location tracking of military personnel. Despite initial measures to protect data, the decision to scrap the contracts follows public controversy and aims to mitigate potential risks.
The Times of India Nissan to cut 9,000 jobs globally; CEO accepts these 'big problems'
Nissan Motor Corp. is implementing a major restructuring plan that includes 9,000 job cuts and a 20% reduction in production capacity. These measures come as the automaker grapples with a 94% drop in net income and aims to refocus on the burgeoning electric and hybrid vehicle sectors.
