Headline • After the UAE, Russia will now give PM Modi the highest civilian honor• India again surprised the world by testing the weapons of space• 17 years later, China felt a big blow economic situation is very weak• Supreme Court gives relief to cricketer Sreesanth in spot-fixing• Aamir Khan gave statement on Kangana Ranaut's resentment• No change in government stand on Article 35A• SP-BSP alliance in Madhya Pradesh and Uttarakhand• Arjun Kapoor and Abhishek Bachchan praise Akshay Kumar's trailer for the film Kesari• BJP government raises EPF interest rates• Uttarakhand Police urges Kashmiri students not to send inflammatory statements on social media• Kulbhushan Jadhav case starts hearing on Monday• Rajiv Saxena gets interim bail till Feb 22 • Vadra wrote on Facebook, handed Priyanka to the people of India, please keep them safe.• J&K : Attack on CRPF team, 7 security personnel and 4 civilians injured• State strike in Uttar Pradesh is illegal: Allahabad High Court• Mamata Banerjee declares victory on Supreme Court order in West Bengal• Tension in Meerut area after breaking Ambedkar statue• INDvsNZ : India won the series 4-1• I will leave politics even after Modi's retirement : Smriti Irani• Don Ravi Pujari arrested from African country Senegal• "I will be back soon" Union Minister Arun Jaitley• Report of the NSSO's unemployment, at the high level of 45 years• Modi government can give big gift to farmers• Akhilesh welcomes Priyanka Gandhi's political entry• Republic Day 2019 : India's power demonstration on Rajpath


 

Employee Provident Fund Organization EPFO ​​has increased the interest rate on employee provident fund from 8.55 percent to 8.65 percent. Labor Minister Santosh Gangwar said on Thursday that this decision of the government will benefit 6 crore workers.

He said that all members of the Central Board of Trustees CBT of EPFO ​​have agreed on the decision to increase interest rates for the current financial year. Gangwar said that this decision will now be forwarded to the Finance Ministry for approval. Only after the approval of the Finance Ministry, the interest rate will be credited to the customer's account.

Stock markets started Monday's session on a positive note amid cautious trade. The Sensex gained as much as 250 points to touch 36,636 at the strongest point in early trade, while the Nifty moved up 60 points to hit 10,950. Advances were led by energy and pharma stocks. The domestic markets also tracked gains in other Asian peers where equities shrugged off data showing economic growth slowed in China. Analysts await more large cap companies to report their earnings this week.

Reliance Industries, Sun Pharma, Infosys, Bajaj Finance, HDFC Bank and Bharti Airtel were among the top trading stocks on the BSE platform with their stocks rising as much as 2,75 per cent. On NSE, except for Nifty Realty, all other sub-indices were trading in green with Nifty Pharma leading the pack, up 1.13 percent.

Experts have said that the ongoing corporate results season, rupee movement and global cues will set the tone for the domestic equity markets this week.

"The market will closely watch supervision and management commentary of the companies coming out with theitheir earnings," said Mustafa Nadeem, CEO, Epic Research.

On the global front, Asian markets kept their nerve as data showed the Chinese economy slowed at the end of last year, underlining the urgent need for more stimulus as Beijing wrestles with the United States over trade.

Vadodara: The case of Fraud took place in Gujrat. CBI had booked Vadodara based absconding directors of a Gujarat based pharma company, which is being probed in a 5000 cr fraud case. 

According to the sources, the company and its directors are being probed. CBI booked Chetan Jayantilal Sandesara, Dipti Chetan Sandesara Rajbhushan Omprakash Dixit, Nitin Jayantilal Sandesara and Vilas Joshi, chartered accountant Hemant Hathi, former director Andhra Bank Anup Garg and some unidentified persons in connection with the alleged bank fraud case.

The police officials said that the members were arrested in Dubai on a non-bailable arrest warrent issued in India.

"The legal process post the arrest is taking place in Dubai. We are waiting for details. Indian agencies will try to get him deported," a senior official said.

According to the information, it is alleged that the company had taken loan of over rs 5000 cr from a consortium led by Andra Bank, which had turned into non-performing asset. The total amount of loan on the company is estimated to be around 5383 cr as on december 31st, 2016. The Enforcement officer had arrested some of the people. 

Sources revealed that Multiple prosecution chargesheet had been filed by it, before the special court.

 

xiaomi just launched its first phone under the now independent brand "Redmi". It is the Redmi Note 7. For now, Xiaomi has launched the Redmi Note 7 in China and is yet to reveal whether or not it will hit the Indian shores. After launching the Redmi Note 7 the Chinese smartphone manufacturer is now working on the Pro version aka Redmi Note 7 Pro. A new leak suggests that Xiaomi could launch the Redmi Note 7 Pro next month.

New Delhi:  The country's biggest fuel retailer Indian Oil Company had reduced petrol diesel price in the national capital to 9 paise to rs 77.14 per litre on Monday, while of diesel by 5 paise to 68.72 per litre.

The downward price revision was also implemented in other major cities. Petrol prises in three cities Mumbai, Chennai, Kolkata were reduced to Rs 84.58, Rs 80.14 and Rs 80.10 per litre, respectively. While diesel prices were reduced to Rs 72.96, Rs 72.59 and Rs 71.56 per litre, respectively, on Monday.

On 29th May, the petrol and diesel prices got hiked to the max level of  Rs 78.43 per litre and Rs 69.30 per litre, respectively and have decreased since then.

The oil companies, on June had dumped the 15 year old practise of revising rate on 1st and 16th of every month and had implemented daily prise revision.

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