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Next Chief Justice Gavai to hear pleas challenging Waqf Act on May 15

New Delhi, May 5 (PTI) The Supreme Court on Monday said the pleas challenging the Waqf (Amendment) Act’s constitutional validity will now be taken up by a bench headed by Chief Justice of India-designate Justice B R Gavai on May 15 as the incumbent CJI will be demitting office on May 13. As soon as a bench comprising Chief Justice Sanjiv Khanna and Justices Sanjay Kumar and K V Viswanathan assembled for the hearing, the CJI said, “There are certain aspects which you (Centre) dealt with, but that require clarification. I do not want to reserve any judgment or order

Sensex, Nifty closed higher on sustained foreign fund inflows, drop in crude oil prices

Mumbai, May 5 (PTI) Equity benchmark indices Sensex and Nifty closed higher on Monday, supported by sustained foreign fund inflows and a sharp correction in global crude oil prices. The 30-share BSE benchmark climbed 294.85 points or 0.37 per cent to settle at 80,796.84, extending its previous day’s rally. During the day, it jumped 547.04 points or 0.67 per cent to 81,049.03. The NSE Nifty rose 114.45 points or 0.47 per cent to 24,461.15. From the Sensex firms, Adani Ports jumped 6.29 per cent amid reports that Gautam Adani’s representatives met with US administration officials to seek the dismissal of

Gold jumps Rs 550 to Rs 97,350/10 gm; silver declines Rs 400

New Delhi, May 5 (PTI) Gold prices rose Rs 550 to Rs 97,350 per 10 grams in the national capital on Monday amid rise in precious metal rates in the global markets. According to the All India Sarafa Association, the precious metal of 99.9 per cent purity had closed at Rs 96,800 per 10 grams on Friday. Gold of 99.5 per cent purity also appreciated Rs 550 to Rs 96,900 per 10 grams on Monday. The yellow metal had settled at Rs 96,350 per 10 grams in the previous market session. Meanwhile, the most traded June contract for gold futures

Rupee jumps 24 paise to close at 84.33 against US dollar

Mumbai, May 5 (PTI) The rupee surged 24 paise to 84.33 (provisional) against the US dollar on Monday, supported by a sharp decline in crude oil prices and a positive trend in domestic equities. Robust equity inflows — totalling Rs 2,769.81 crore — reflect continued foreign investor interest in Indian assets, forex traders said, adding while capital inflows offer support, global uncertainties could cap gains. At the interbank foreign exchange, the domestic unit opened at 84.45 and moved between the intra-day high of 84.10 and the low of 84.47 against the greenback. The unit ended the session at 84.33 (provisional),

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