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Stock markets tank in early trade after 3-day rally

Mumbai, Jan 30 (PTI) Benchmark equity indices Sensex and Nifty tumbled in early trade on Friday after a three-day rally, dragged by IT stocks and caution ahead of the Budget presentation on February 1. Fresh foreign fund outflows and weak trends in global equities also added to markets’ weakness during initial trading. The 30-share BSE Sensex tumbled 619.06 points to 81,947.31 in opening trade. The 50-share NSE Nifty dropped 171.35 points to 25,247.55. From the 30-Sensex firms, Tata Steel, HCL Tech, Infosys, Tata Consultancy Services, NTPC and Tech Mahindra were among the biggest laggards. Maruti, ITC, Asian Paints and InterGlobe

Service providing agencies have become real exploiters of workers: Supreme Court

New Delhi, Jan 29 (PTI) The Supreme Court on Thursday lamented the exploitation of workers by service provider agencies and said now they have emerged as the “real exploiters” in urban centres. “I have personally and officially seen this. The Supreme Court paid to an agency for hiring a particular set of skilled employees, paying Rs 40,000, and actually those poor girls were getting only Rs 19,000,” Chief Justice Surya Kant said. The bench, also comprising Justice Joymalya Bagchi, was hearing a PIL seeking a comprehensive legal framework and enforcement of minimum wages for domestic workers, saying it cannot issue

Congress writes to EC alleging mass deletion of voters by ‘misuse’ of Form 7, seeks probe

New Delhi, Jan 29 (PTI) The Congress on Thursday wrote to the Election Commission alleging mass deletion of names of eligible voters from the electoral rolls by BJP members through the “misuse” of Form 7 during the SIR process across several states and demanded registration of FIRs against them. In a letter to the chief election commissioner and election commissioners, Congress general secretary (organisation) K C Venugopal asked the poll body to initiate an urgent investigation into the “rampant misuse” of Form 7 during the ongoing ‘claims and objections’ phase of Special Intensive Revision of electoral rolls and take action

India should think less on tariffs, more on opportunities to boost trade: World Bank’s Ajay Banga

Bhubaneswar, Jan 29 (PTI) World Bank Group President Ajay Banga on Thursday said India should “think less” about tariffs and focus more on opportunities, amid concerns over global trade due to geopolitical tensions. Elaborating on India’s opportunities in trade deals, Banga said over 100 regional and bilateral pacts have been signed by the country in the last 20 years, and the recent India-EU free trade agreement is an example of that. “Think less about the tariffs, and more about the opportunities like you (India) have done (the FTA) with the European Union,” he said. Banga’s comments came while interacting with

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