MUMBAI: The rupee closed at 95.4 against the dollar, down 15 paise from its previous close of 95.25 in the foreign exchange market, with renewed demand for dollars spurring speculation over the return of oil marketing companies (OMCs) to the forex market.To reduce market demand for dollars and stem rupee volatility, RBI had earlier this…
Bengaluru: A district leprosy officer (DLO) attached to the department of health and family welfare was caught by Lokayukta police while accepting a bribe of Rs 15,000 from a 25-year-old doctor for approving a Karnataka Private Medical Establishments (KPME) licence.Unani doctor Muffassir Ahmed Muzammil approached Lokayukta police against DLO Dr Bhujabali D Yalagudri, 54, accusing…
MUMBAI: Danish brewer Carlsberg has confidentially filed draft IPO papers for its India unit with markets regulator Sebi earlier this week, the company said. “The progress and timing of the potential IPO will depend on a number of factors, including the regulatory review and approvals, as well as prevailing market conditions,” a global spokesperson said…
NEW DELHI: RBI on Thursday made its stand over legalising cryptocurrency clear, amid fears that it can be a source of financing for crimes with transnational dimensions like drug trade and terrorism, persons familiar with the deliberations said after the central bank briefed a Parliamentary committee on virtual digital assets (VDAs).A lawmaker said RBI also…
NEW DELHI: With the situation in West Asia improving and oil prices falling, govt expects a pick-up in the economy, amid economic indicators pointing to a strong momentum in first quarter.“The economic indicators released by the govt continue to underline resilience of Indian economy despite global uncertainties. Strong GDP growth, expanding manufacturing and services activity,…
Bengaluru: A court in Bengaluru sentenced three rowdies to life imprisonment for the murder of an autorickshaw driver over an unreturned loan of Rs 2,000.Venkatesh, Puneet and Nagaraj — rowdies from KP Agrahara area — were found guilty of killing D Nagaraj in March 2016.According to police records, Nagaraj borrowed Rs 2,000 from Venkatesh and…
MUMBAI: Abu Dhabi’s International Holding Company, which emerged as a key backer of the Adani Group following the Hindenburg-induced market turmoil in 2023, is deepening its partnership with the conglomerate through an $11.5 billion integrated aluminium project in Odisha.The partners have formed an equal joint venture to build a sprawling aluminium complex comprising a four-million-tonne…
Bengaluru: Seven workers were killed and five others injured after a massive boulder crashed onto them at a quarry in the outskirts of Bengaluru Thursday.The accident occurred around 7 am at Udayashankar Stone Crushers in Madapattana, Ramanagara district.At adjoining Basaveshwara Stone Crushers, located at a higher level, rocks were being crushed and readied for transport,…
Bengaluru: A man’s decision to let his son learn computer skills during school holidays ended in heartbreak after the 15-year-old was forced into hazardous labour and died in a horrific hydraulic lift accident at a hardware store. The father has accused the shopowners of employing the minor illegally and ignoring basic safety precautions.Ameen Allabaksha Syed,…
Footpaths at and around Jalahalli are in deplorable conditions Bengaluru: Jalahalli Cross moves thousands of vehicles every hour. But for pedestrians, one of the city’s busiest junctions offers little more than a choice between broken footpaths and moving traffic.A TOI walk across all four roads radiating from the junction found a striking pattern: pedestrian infrastructure…
