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Finance Commission is open to considering alternate index for devolution of funds to states with regard to natural calamities and state-specific issues, Chairman of the 16th Finance Commission Arvind Panagariya said here on Monday. The problems arising due to natural disasters were beginning to get more and more acute, he said and pointed out that the 15th Finance Commission has recommended partial devolution of funds. «The Commission is very much open to looking at alternate ways of measuring disaster relief, provided we can do it across all the states. The index has to be transparent and acceptable,» Panagariya told reporters after a long session with the Tamil Nadu government earlier in the day. Apart from Tamil Nadu, states like Himachal Pradesh which the Finance Commission had consulted, put forth a similar view. «Let me look into it if any particular type of disaster is not included,» the Chairman said.

Abhyudaya Cooperative Bank board for another year till November 24, 2025 and asked Satya Prakash Pathak to continue as the administrator of the bank. Earlier, the regulator superseded the board on November 24, 2023 for a year due to material concerns arising from poor governance standards observed within the bank. RBI on Monday said that the extension of the deadline beyond the close of business on November 23, 2024 was necessary in public interest.

Make in India and production linked incentive schemes for different sectors are helping attract foreign investors to set up bases in India, according to industry chamber CII. In a letter to Commerce and Industry Minister Piyush Goyal, CII Director General Chandrajit Banerjee said that the government's increased investments in infrastructure such as roads, railways and ports are making the domestic industry more competitive. The policy shift within India has also occurred at the same time as geopolitical conditions have become favourable for India, with many global companies looking to diversify their geographical base, the letter, dated November 5, said. "FDI inflows have increased from USD 45.14 billion in 2014-15 to USD 70.95 billion in 2023-24, indicating the growing interest of foreign investors for setting up base in India," it said, adding that the PLI schemes have attracted huge investments.

Wall Street's main indexes opened little changed on Monday, as investors looked ahead to crucial corporate results, especially from AI-chip leader Nvidia, following Wall Street's slump the previous week. The Dow Jones Industrial Average fell 13.1 points, or 0.03%, at the open to 43,431.89.

The NSE Nifty index closed 78.91 points down at 23453.8, while BSE Sensex ended 241.3 points at 77339.01.

Domestic benchmark index NSE Nifty ended 78.91 points at 23453.8, while the BSE Sensex closed 241.3 points down at 77339.01.

MphasiS Ltd. 2.7 per cent to Rs 2765.05 in Monday's trade. It hit a high of Rs 2840.00 and low of Rs 2753.45 during the session. On the technical charts, the 200-DMA of the stock stood at Rs 2669.52, while the 50-DMA was at Rs 2974.51. If a stock trades above 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades below 50-DMA and 200-DMA, it is considered a bearish trend and if trades between these averages, then it suggests the stock can go either way.

BJP of maligning his and Jharkhand's image through shadow campaigns, Chief Minister Hemant Soren on Monday charged the saffron party with launching a "whisper campaign" by spending over Rs 1 crore in each assembly constituency to influence voters. Soren accused the BJP of bringing in people from Bihar, Chhattisgarh, Odisha, and Bengal to carry out this new gimmick, allegedly instilling fear among voters on roads and intersections during the election period. Earlier, Soren had accused the BJP of running «shadow campaigns» to tarnish both his and the state's reputation. He alleged that the saffron party spent crores of rupees on various social media platforms and created «95,000 WhatsApp groups» to campaign against the JMM-led coalition in Jharkhand.

The NSE Nifty index traded 123.8 points down at 23408.9, while BSE Sensex was 350.64 points at 77229.67 as of 09:59AM(IST)on November 18.

Former Canadian PM Stephen Harper, under whose watch ties with India prospered, has lashed out against the practice of cultivating Khalistanis and Jihadists and suggested tougher immigration rules. Harper expressed his views at an event organised by the Abraham Global Peace Initiative (AGPI) in a conversation with AGPI founder and CEO Avi Benlolo. In a column in the Canadian daily National Post on Friday, Benlolo quoted Harper as saying, «We must stop cultivating Jihadists, antisemites, Khalistanis, Tamil Tigers, and other divisive groups. When it comes to our immigration system, we are going to have to ask ourselves some hard questions about how we screen people.» «We cannot start importing age-old hatreds onto our streets,» he said.

Sharad Pawar on Sunday warned his detractors that they should mess with anyone but him and urged voters to not just defeat those who rebelled under Ajit Pawar but «defeat them big». Addressing a rally in Madha in Solapur district, Pawar recounted an episode of defection that led to his losing the post of leader of opposition in the assembly almost five decades ago and his resolve that led to the defeat of all of those who had backstabbed him. «In the polls of 1980, 58 people won polls from our party and I became leader of opposition. I had gone abroad and when I came back I realised Chief Minister AR Antulay saheb had done some miracle and 52 of the 58 MLAs had switched sides. I lost the post of LoP,» he said. «I did nothing (at the time). I just started reaching out to people across the state and worked hard for three years. In the next elections, I fielded young candidates against all 52 MLAs who had left me. I am proud of the people of Maharashtra that all 52 who left me were defeated,» he told the gathering.

Portugal will play Croatia in UEFA Nations League Group 1 match on Monday. While Portugal have qualified for the next round, Croatia still needs point. Portugal versus Croatia soccer match will be live streamed on Fubo. The match is likely to end in a draw. Scotland forward John McGinn came off the bench to snatch a 1-0 home victory over 10-man Croatia for his country's first Nations League win of the campaign in their penultimate Group A1 game on Friday and keep them in contention for the quarter-finals.

Subscribe to enjoy similar stories. If you talk of house-building as a dream, as in “making your dream home", it probably means you have never tried to build one. This is a facetious line I’ve written several times in several ways over the years.

Fine Acers, a player in luxury resort investment, on Sunday said the company is targeting assets under management worth Rs 5,000 crore by 2026-27. The company has Rs 2,500 crore assets under management, it said. It added that the company has signed a USD 70 million deal with Wyndham Hotels and Resorts to develop four new hotels — one in Dubai and three in India. «Fine Acers has announced that the company is targeting assets under management worth Rs 5,000 crore,» it said in a statement.

Maharashtra assembly elections, election officials and EVMs were ferried in helicopters to base camps in the Naxal-affected Gadchiroli district on Sunday, police said. Gadchiroli SP Neelotpal said Indian Air Force's Mi 17 helicopters carried election officials deployed for 76 polling stations in the sensitive Aheri assembly constituency in the early hours of the day. He said polling personnel with EVMs and other equipment were being dropped off at 14 base camps at police stations for further onward movement. The exercise of transporting officials and equipment will continue till November 19, he said.

Xi Jinping told his U.S.

Central Board of Secondary Education (CBSE) on a plea seeking extra time in exams for students with type 1 diabetes. SHRC chairperson Justice Alexander Thomas sought the report within a month, from the CBSE and the Principal Secretary of the General Education Department, a statement issued by the Commission on Saturday said.

Congress leader Rahul Gandhi on Saturday took a snack break during campaigning and relished Nagpur's famous "tarri poha". The Lok Sabha Leader of Opposition arrived at Shyamji Ramji Pohewale on Wardha Road in the evening and tried his hand at cooking the dish made out of flattened rice. According to sources, Gandhi went to the food joint unannounced and interacted with a group of youngsters on issues of farmers, the Constitution and unemployment.

Weekly Tech Recap: With the constant bombardment of news throughout the week, it’s hard to keep track of the biggest events. To help you stay informed, we’ve compiled the Weekly Tech Recap, where we highlight the top stories that made waves in the world of technology.

Donald Trump announced Friday that Steven Cheung will serve as his White House communications director and Sergio Gor will run the personnel office. Both have been advisers to the president-elect since his 2016 campaign, Trump said. Both positions could be influential in the new administration, helping to develop its public messaging and internal workforce. Cheung led communications for Trump's latest campaign, where he gained a reputation for combative and insulting attacks on the Republican's opponents. A native of Sacramento, California, he worked in Republican politics and for the Ultimate Fighting Championship before joining Trump's team in 2016. Gor ran Winning Team Publishing, which he started with Donald Trump Jr. The company has published books by Trump and his allies. Gor also led the super PAC Right for America.

Mallikarjun Kharge's assertions that nobody in his party talked about restoration of Article 370 has put its alliance partner in J&K, National Conference, in a tight spot. NC has maintained that the resolution on special status passed by the J&K assembly earlier this month is for the restoration of Article 370 and 35 (A). Opposition PDP, PC and other regional parties have asked NC to clear its stand on the issue as Congress is providing support to the NC government here and has welcomed the resolution, but called it as a resolution for «restoration of statehood and not Article 370». «NC Resolution is hardly three sentences and we are seeing so many conflicting interpretations of this resolution from their allies.