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rupee witnessed range-bound trade and depreciated 2 paise to 84.07 against the US dollar in initial deals on Tuesday, weighed down by significant foreign fund outflows, elevated crude oil prices and the strength of the American currency in the overseas market. Forex traders said the rupee is trading in a narrow range as the support from positive domestic equities is being negated by foreign fund outflows. Moreover, crude oil prices have also surged by 10 per cent, ballooning India's already worrisome trade deficit. At the interbank foreign exchange, the rupee opened at 84.06 against the greenback and traded in a tight range. In the initial trade, it touched 84.07, registering a fall of 7 paise over its previous close.

parliamentary panel examining the Waqf (Amendment) bill witnessed high drama as opposition members walked out protesting against the personal allegations made by a witness before the committee against Congress president and leader of the opposition in the Rajya Sabha Mallikarjun Kharge. Opposition members also protested the panel's summoning of Mahant Sudhirdas, advocate Vishnu Shankar Jain and few others who they claimed have nothing to do with the draft legislation. Expressing their anger against the functioning of the committee, Opposition members walked out of the meeting and alleged that the panel was not functioning in accordance with the rules and regulations. Opposition MPs, including Gaurav Gogoi and Imran Masood of Congress, A Raja of DMK, Arvind Sawant of Shiv Sena (UBT), AIMIM's Asaduddin Owaisi, Samajwadi Party's Mohibbullah and Sanjay Singh of AAP, stormed out of the meeting. Sawant said: «We have boycotted because the committee is not functioning according to the principles and norms of the committee. Ethically and principally, they are wrong». He, along with some other MPs, charged that personal allegations were allowed to be levelled against senior opposition members like Mallikarjun Kharge by a person who was deposing before the committee.

Samajwadi Party chief Akhilesh Yadav on Monday took a dig at the government and said the name of Uttar Pradesh governor's residence should be changed from Raj Bhavan to 'Seva Bhavan'. Yadav posted on 'X' a 10-second video of some construction activities going on outside the Raj Bhawan and asked whether the work was being carried out with all approvals. «It is hoped that the new construction of the Rajbhavan must have been started only after getting the map of the new construction approved with all the standards,» the SP chief said in the post in Hindi. «Until the construction is completed, Lucknow Development Authority or any other responsible department should display the map of this changed construction near the place where the construction is going on, for the public to see. So that the public gets inspired that every construction should be legal,» he added.

The combined distance of the two new lines will be 31.63 kilometres and they will be built by Maha Metro at a cost of Rs 9,897 crore, he said, adding there will be 28 stations in all. «The new lines are important for the overall development of Pune city and its transport. As the state government has given approval, I will follow it up with the Centre for final permissions,» Union minister and Pune Lok Sabha MP Murlidhar Mohol said.

data speed, online survey firm LocalCircles said in a report on Monday. According to the survey, 53 per cent of smartphone users surveyed say the call drop or connect situation has improved after migrating from 3G and 4G to 5G services. Around 30 per cent of respondents shared that there has been no improvement in the call drop rate, 9 per cent complained that it has somewhat deteriorated, and 5 per cent shared that the call drop problem has «significantly deteriorated» in the survey. LocalCircles claims that the survey received a total of over 47,000 responses from consumers (smartphone users) located in 361 districts, while the number of responses to each question varied.

Baba Siddique and probe any possible involvement of jailed gangster Lawrence Bishnoi, officials said that the modus operandi of the Bishnoi gang is to engage youth with no criminal records while meeting between its associates and selection of a target is done inside jails as members of the gang are wanted by police across various states in Punjab, Haryana, Rajasthan, Delhi, Mumbai. Bishnoi has been lodged in Sabarmati jail in Ahmedabad since 2023. «These gangsters engage their criminal network to lure unemployed youth, not only in Punjab but also from the neighbouring states by offering them either huge amounts of money or a promise of helping them settle abroad,» according to the NIA. For the killing of Siddique, police officials said the shooters were first timers. Early this year, the gang was behind the killing of INLD chief Nafee Singh Rathee and a Gurugram-based bookie Sachin Munjal. Bishnoi's associate from Canada, Rohit Godara, had claimed responsibility for the killing. On Bishnoi's alleged proceeds of crimes, the NIA has unearthed that one Manish Bhandari, living in Thailand, manages the funds. Bhandari runs the night club chain named Bollywood Club, Cama Club and a hotel-cum-restaurant Punappa in Thailand. The money collected through extortion, illegal liquor and arms smuggling business is sent to Bhandari in Thailand through hawala for investing in night clubs and bars, according to the NIA.

Reliance Industries and Disney India is expected to be completed in 3Q FY25. Viacom18 and Star India Private Limited obtained the approval from Competition Commission of India for the proposed transaction between the two companies and the Scheme of Arrangement for merging their business was sanctioned by the National Company Law Tribunal. «The companies are in the process of obtaining other requisite approvals for the completion of the transaction and transaction closer is expected in 3Q FY 25,» said the company is stock exchange filing.

Indian armed forces' surveillance capabilities. These deals involve acquiring 31 Predator drones and establishing a maintenance, repair, and overhaul (MRO) facility in India. The Cabinet Committee on Security (CCS) approved the acquisition last week. Of the 31 drones, 15 will be allocated to the Indian Navy, while the Air Force and the Army will each receive eight. The Foreign Military Sales contract and the MRO agreement with the US will be signed on Tuesday, according to defense officials. A team of American military and corporate representatives is currently in India to finalize these contracts. Key Indian defense officials, including the Joint Secretary and Acquisition Manager for naval systems, will attend the signing ceremony.

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Bharat Electronics Ltd. gained 1.49 per cent to Rs 284.4 in Wednesday's trade. It hit a high of Rs 286.5 and low of Rs 278.5 during the session. On the technical charts, the 200-DMA of the stock stood at Rs 250.27, while the 50-DMA was at Rs 293.3. 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.

REC Ltd. gained 1.63 per cent to Rs 532.9 in Wednesday's trade. It hit a high of Rs 535.7 and low of Rs 527.65 during the session. On the technical charts, the 200-DMA of the stock stood at Rs 514.75, while the 50-DMA was at Rs 578.35. 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.

employment data and its analytics, as it aims to strengthen employment data coordination, expand overseas job opportunities and enhance security of Indian workers abroad, said a statement by the labour and employment ministry. It said that the proposed Unified Employment Data Portal will serve as a transformative tool in centralising employment data, while the eMigrate and NCS integration will broaden access to overseas job markets. On Monday, Union labour and employment minister Mansukh Mandaviya chaired a meeting focusing on the key issues related to employment data and overseas emigration trends. «The deliberations with Ministry of External Affairs (MEA) and NITI Aayog aimed to strengthen coordination and data assimilation for both overseas employment and domestic job creation, as well as to enhance the monitoring of recruiting agencies and skill requirements for employment abroad,» the ministry said.

Kumari Selja questioned the election management of the leadership in the state polls. She said the party's defeat in the assembly election, despite a very favourable atmosphere, was yet another case of the party paying the price for «placing all eggs in one basket», an apparent reference to the leadership packing the candidate list with Bhupinder Singh Hooda campers, which led to talk of "Jat dominance".

Netanyahu warned the people of Lebanon they could face "destruction and suffering" like the Palestinians in war-battered Gaza if they don't «free» the country from Hezbollah.

Nirmala Sitharaman on Tuesday commended Indian financial sector regulators for doing a «world-class job» and bringing greater transparency into the system. Underlining that she is not against questioning or critiquing regulators, Sitharaman said there is a need to be «extremely conscious» about contributions made by them as well.

Wall Street's main indexes opened higher on Tuesday, regaining some ground after a selloff in the previous session as investors turned their focus to the start of the third-quarter earnings season and key inflation data later this week. The Dow Jones Industrial Average rose 68.4 points, or 0.16%, at the open to 42022.65. The S&P 500 rose 23.2 points, or 0.41%, at the open to 5719.14, while the Nasdaq Composite rose 94.0 points, or 0.52%, to 18017.929 at the opening bell.

Domestic benchmark index NSE Nifty ended 217.41 points up at 25013.15, while the BSE Sensex closed 584.81 points up at 81634.81.

Omar Abdullah will be the next Chief Minister of Jammu and Kashmir, said National Conference (NC) Chief Farooq Abdullah on Tuesday.

Ratan Tata was hospitalised in Mumbai's Breach Candy Hospital, on Monday. Ratan Tata, soon after being hospitalised, issued a clarification about his health. In an Instagram post, he said, «I am aware of recent rumors circulating regarding my health and want to assure everyone that these claims are unfounded. I am currently undergoing medical check-ups due to my age and related medical conditions.» «There is no cause for concern. I remain in good spirits and request that the public and media respect refrain from spreading misinformation,» Tata further said.

InterGlobe Aviation Ltd. slipped 1.89 per cent to Rs 4524.15 in Monday's trade. It hit a high of Rs 4651.05 and low of Rs 4504.7 during the session. On the technical charts, the 200-DMA of the stock stood at Rs 3878.09, while the 50-DMA was at Rs 4636.21. 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.