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Lucknow fire tragedy: 15 people brought dead at hospital, seven injured

Lucknow, Jume 22 (PTI) Fifteen people were “brought dead” at a hospital here and seven injured were undergoing treatment after a massive fire gutted a three-floor commercial building housing an animation centre on Monday, according to a hospital official. Dr Anil Agrawal, Medical Superintendent, Trauma Centre, KGMU, said that “21 to 22 children were been brought in” after the incident. “Fifteen people have been brought in a deceased state. They will be sent to the morgue for autopsy after completing the inquest procedure,” he said. Five had minor injuries and were admitted. “Due to two children jumping, they suffered back

Gold, silver rebound as weak rupee, global rally revive bullion demand

New Delhi, Jun 22 (PTI) Precious metals staged a recovery in the national capital on Monday, with gold rising Rs 1,700 to Rs 1.52 lakh per 10 grams, while silver rebounded by Rs 4,800, driven by gains in global markets and depreciation in the rupee. According to the All India Sarafa Association, the yellow metal of 99.9 per cent purity ended its four-day losing streak and ended at Rs 1,52,300 per 10 grams (inclusive of all taxes), climbing Rs 1,700 from Friday’s closing level of Rs 1,50,600 per 10 grams. Silver also jumped Rs 4,800 to Rs 2,45,500 per kilogram

Inflationary pressures, reduction in discretionary cash flows may impact collection of MFIs: Report

New Delhi, Jun 22 (PTI) Risks such as potential inflationary pressures or reduction in discretionary household cash flows are likely to affect repayment behaviour of microfinance borrowers, even though the West Asia conflict has not directly affected the sector, a Crisil report said. Moreover, the impact of the El Nino phenomenon on rural incomes will bear watching, the report said. States such as Karnataka, Tamil Nadu and Bihar have introduced legislations for tighter oversight on unregulated microfinance lending practices, including enhanced borrower protection norms, restrictions on recovery practices and stricter compliance guidelines, it said. According to the report, Karnataka saw

Stock markets end higher on softening oil prices, supportive global cues

Mumbai, Jun 22 (PTI) Stock markets rebounded on Monday with the benchmark Sensex gaining 291 points following a decline in crude oil prices and supportive global cues amid hopes of diplomatic progress in US-Iran talks. The 30-share BSE Sensex climbed 291.17 points, or 0.38 per cent, to settle at 77,094.07. During the day, it jumped 522.66 points, or 0.68 per cent, to 77,325.56. The 50-share NSE Nifty surged 89.80 points, or 0.37 per cent, to end at 24,102.90. Fresh foreign fund inflows and buying in blue-chips Reliance Industries and HDFC Bank aided the recovery, according to analysts. Among Sensex shares,

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