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Govt approves OROP, says will cost up to Rs 10,000 cr initially

Govt approves OROP, says will cost up to Rs 10,000 cr initially

The government of India on Saturday agreed to implement the One Pension One Rank for retired armed forces personnel.

The decision, announced by Defence Minister Manohar Parrikar, brings the curtains down on a prolonged agitation by ex-servicement that escalated into a fast-unto-death by some retired personnel last month.

HDFC Bank rolls out its CSR campaign in Odisha

HDFC Bank rolls out its CSR campaign in Odisha

HDFC Bank Ltd has rolled out its educational film 'Dhanchayat' in Odisha.

'Dhanchayat' aims to raise awareness about the dangers of borrowing money from the unorganised sector, particularly in rural areas. This film has been launched under the aegis of 'Swachh Banking', the Bank's latest CSR (corporate social responsibility) initiative.

Pakistan violates ceasefire twice, jawan injured

Pakistan violates ceasefire twice, jawan injured

An Army jawan was injured as Pakistani troops today violated the ceasefire by firing on forward posts along the Line of Control in Jammu and Kashmir's Poonch district.

"Pakistani troops violated ceasefire and resorted to unprovoked firing in Krishna Ghati sector of Poonch district around 0745 hours," a Defence Spokesman said.

Weekly review: Sensex falls 1,190 pts, Nifty dips by 347 points

Weekly review: Sensex falls 1,190 pts, Nifty dips by 347 points

Bear hug dragged down domestic equity markets for the fourth consecutive week and to their lowest levels in over a year on weak global cues coupled with China slowdown fear and continuous selling pressure by foreign institutional investors. Key benchmark indices plunged over 4 per cent during August 28 and September 4.

The BSE Sensex lost 1,190.48 points at 25,201.90 for the week ended September 4. NSE Nifty also dipped by 346.90 point at 7,655.05 during the same period.

Bomb threat called off after security checks at Delhi airport

Bomb threat called off after security checks at Delhi airport

Three international flights received bomb threats in the early hours of Saturday here at the Delhi airport. However, the emergency has been called off after the security checks.

A Jet Airways and a Cathay Pacific flight bound for Hong Kong were already airborne when both had to return to the Delhi international airport and sent to isolation bay, sources said. Cathay Pacific flight has taken off for the destination while Jet Airways flight will soon depart, sources said

Music-composer Aadesh Shrivastava dies of cancer

Music-composer Aadesh Shrivastava dies of cancer

Bollywood singer-composer Aadesh Shrivastava who was battling cancer passed away post midnight. He was 51.

Shrivastava had been undergoing cancer treatment at Kokilaben Dhirubhai Ambani hospital in Andheri for over 40 days. "Mr Aadesh Shrivastava (51) expired at 12.30 am on September 5, 2015 in Kokilaben Hospital due to cancer," Dr Ram Narain of the hospital told PTI. Shrivastava is survived by his wife,Vijeta Pandit, a former Bollywood actress and sister of music-composer duo Jatin- Lalit, and their two sons -- Anivesh and Avitesh.

Japanese tourist rape case: 20 years imprisonment for three accused

Japanese tourist rape case: 20 years imprisonment for three accused

Three persons were on Friday sentenced to 20 years imprisonment by a court here for raping a Japanese tourist on the Jaipur-Ajmer National Highway in February. Three other persons were found guilty of raping the tourist but the quantum of their sentence is yet to be decided by the court of Additional District Judge, Jaipur district, Girish Kumar Ojha who also acquitted three others accused.

Main accused Ajit Singh Choudhary and his two friends Abrar and Wahid were awarded 20-year imprisonment under section 376 D and others. Dharmveer, Ravindra and Rajveer were acquitted while judgement on Ramraj, Shivraj and Ramveer is reserved and awaited, according to public prosecutor Bhanwar Singh.

5 reasons why Indian markets continue to fall

5 reasons why Indian markets continue to fall

Brining clarity on minimum alternate tax (MAT) on foreign institutional investment (FII) has failed to stop them from withdrawing their investments in India. After a record outflow in August 2015 of Rs 17,248 crore, FIIs have sold Rs 2,205 crore of shares in the first two days.

FIIs selling have a lot to do with the global selloff in equity markets, but there are other reason too that FIIs are not interested in staying in India. We look at five such reasons.

HDFC Bank to add 100 branches in east by FY16

HDFC Bank to add 100 branches in east by FY16

Private sector lender HDFC Bank is planning to add 100 branches in the eastern region, taking its total tally to 600 branches by the end of ongoing financial year.

Currently, we have about 500 bank branches across the east and by this year we will touch 600, HDFC Bank Branch Banking Head Atul Barve said here today on the sidelines of the launch of film titled Dhanchayat.

SBI to redeem tier II bonds before maturity

SBI to redeem tier II bonds before maturity

Country's largest lender State Bank of India will redeem lower tier II bonds worth Rs 133 crore before maturity as these instruments are gradually being kept out of calculating capital adequacy ratio. These bonds were issued in 2010.

Also, continuing to hold high cost instruments in the sliding interest rate regime made little sense, senior SBI executive said.

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