Author: Indmedia
The revised closing-price mechanism applies to more than 200 stocks with listed derivatives. India’s newly introduced closing price auction system has left traders jittery as they adjust to the new system. During the first week of trading under the new system, some traders said that one of the country’s most significant market structure reforms in recent years was failing to deliver as intended.With demands mounting for the new mechanism to be withdrawn, the market regulator convened meetings with several of India’s leading stock brokerages and made its position unequivocal: the closing auction will not be rolled back.People familiar with the…
The Bald Range wildfire comes on the heels of another fire in the Okanagan, called Bradley Creek, which is believed to have destroyed more than 200 homes.Officials said the Bradley Creek fire is now being held after “tireless work” by wildfire crews to contain it. Drought conditions have also contributed to fires in the US state of Washington, just south of British Columbia, where more than 65,000 people were forced to flee their homes. Devastating fires have also burned this summer in Spain and France as Europe grapples with drought and record high temperatures. France has seen its worst fires…
India’s shift towards cleaner mobility will require multiple technologies rather than a choice between ethanol and electric vehicles, the Indian Federation of Green Energy (IFGE) said, pointing to the continued presence of nearly 300 million internal combustion engine (ICE) vehicles on the country’s roads.The federation said that ethanol, electric vehicles, hybrids, CNG and hydrogen should form part of a diversified energy strategy. Its comments come amid concerns about the effect of E20 petrol on vehicle mileage and compatibility.”The debate should not be framed as ethanol versus EVs India needs both. E20 provides an immediate pathway to reduce crude oil dependence…
Russia’s Supreme Court on Monday canceled the registration of the liberal Yabloko party’s federal slate of candidates for next month’s State Duma elections. In a high-stakes hearing, the court granted a lawsuit filed by the small nationalist party Rodina, which accused Yabloko of receiving foreign funding, violating copyright law and promoting “extremism.” The ruling removes Russia’s oldest liberal party — and the only registered party campaigning on a pro-peace platform — from the nationwide party-list ballot. Yabloko chairman Nikolai Rybakov said the party would appeal the ruling within the five-day deadline and that it would do everything possible to take…
Mumbai: A minor boy who had gone missing from Malad East was traced to Kota, Rajasthan, jointly by the Kurar police and the Govt Railway Police (GRP).Police said the 14-year-old had left home on Aug 6, around 7 am, on the pretext of going to school. When he did not return home later in the day, his family got worried and started searching for him everywhere. They contacted the police and lodged a complaint.Police made inquiries with his friends and learnt that he would frequently skip school and roam around. He had been to Juhu, Bandra, Virar and Mumbai Central…
New Delhi: The Rs 2,574-crore Wazirabad water supply improvement project has received in-principle approval from the screening committee of the economic affairs department, paving the way for implementing the long-pending plan to modernise the supply network in the Wazirabad water treatment plant’s (WTP) command area spread over several assembly constituencies.Funded with assistance from Asian Development Bank, the project was conceptualised in 2013, but remained stalled for several years. It will cover the entire water supply chain, from treatment and transmission to distribution and household connections.Water minister Parvesh Verma said Monday, “A key component of the project is the replacement of…
Bengaluru: A class 7 student was assaulted allegedly by her teacher at a private school in SG Palya, south Bengaluru, Saturday, after she was caught eating junk food in class.The girl’s family claimed her cheeks were swollen and she suffered damage to her inner ear membrane. She underwent treatment at Indira Gandhi Institute of Child Health and is recovering.A senior police officer said they received a medico-legal case (MLC) report from the hospital. The girl’s parents visited the police station Sunday but didn’t file a complaint.The girl was confronted by the teacher when she was caught eating junk food. The…
Hyderabad: The Enforcement Directorate (ED) has arrested Mohd Irfan Ansari under the Prevention of Money Laundering Act in its probe into a fake call-centre syndicate accused of cheating US citizens and routing the proceeds through cryptocurrency, Angadia operators and bank accounts.In its grounds of arrest, the ED described Ansari as one of the principal controllers of the syndicate and said he admitted during questioning on Aug 10 that he had been operating fake call centres since around 2017, with average monthly collections of $60,000-$70,000. He estimated his personal profit from the operations at ₹3-4 crore, according to the agency.Call centre…
Chennai: Madras high court has sought responses from Tamil Nadu govt and and the Chennai city commissioner of police on a habeas corpus petition challenging the detention of B T Arasakumar, who was arrested on charges of bribery and cheating private schools on the promise of obtaining various approvals, under the Goondas Act.The petition, filed by Arasakumar’s wife Kokila, said the allegations were a fallout of an internal dispute between the office-bearers of private school associations. “The alleged acts, even if accepted, do not disturb public order but relate only to a private dispute,” she said.“The detaining authority failed to…
Prayagraj: Three separate FIRs have been lodged in Pratapgarh, Fatehpur and Prayagraj against the supporters of slain mafia-politician Atiq Ahmed for allegedly breaking toll plaza barriers, threatening employees with dire consequences and attempting to trample them. The FIRs were lodged at Hathgawan (Pratapgarh), Khaga (Fatehpur) and Nawabganj (Prayagraj) police stations in the past 24 hours.Police said prison vans were escorting jailed sons of Atiq — Mohd Umar and Ali Ahmed — to Prayagraj to attend the funeral of their younger brother, Abaan, on Saturday.Pratapgarh police said authorities of Kotla Akhatyari toll plaza lodged an FIR under Sections 281, 109(1), 352…