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Rupee falls 8 paise to close at 85.41 against US dollar

Mumbai, Apr 25 (PTI) The rupee pared its initial gains and settled for the day lower by 8 paise at 85.41 against the US dollar on Friday, amid heightened geopolitical tensions and a negative trend in the domestic markets. Forex traders said escalated geopolitical tensions, following a terror attack in Pahalgam, Jammu and Kashmir, weighed on market sentiment. Moreover, a muted trend in domestic equities and positive US dollar index dented investors’ sentiment further. At the interbank foreign exchange, the domestic unit opened at 85.17 and moved between the intra-day high of 85.08 and the low of 85.65 against the

Sensex, Nifty fall for 2nd day on selling in Axis Bank, Indo-Pak border tensions

Mumbai, Apr 25 (PTI) Equity benchmark indices Sensex and Nifty declined sharply on Friday due to selling in Axis Bank and growing tensions along the Indo-Pak border following the terror attack at Pahalgam in Jammu & Kashmir. Wiping out early gains, the 30-share BSE barometer tanked 588.90 points or 0.74 per cent to settle at 79,212.53. During the day, it dropped 1,195.62 points or 1.49 per cent to 78,605.81. Falling for the second day, the NSE Nifty tumbled 207.35 points or 0.86 per cent to 24,039.35. Experts said worries over growing geopolitical tensions after Tuesday’s Pahalgam terror attack weighed on

CBI arrests I-T Deputy Commissioner, CA for ‘sabotaging’ faceless I-T assessment scheme

New Delhi, Apr 25 (PTI) The CBI arrested a deputy commissioner of the income-tax department and a chartered accountant on Friday for allegedly sabotaging the faceless scheme for I-T assessment, officials said. Deputy Commissioner of Income Tax Vijayendra, a 2015-batch Indian Revenue Service (IRS) officer posted at the department’s Jhandewalan office in Delhi, was arrested here, while chartered accountant Dinesh Kumar Agarwal was arrested in Gujarat’s Bharuch, they said. The Central Bureau of Investigation’s (CBI) probe into the matter has shown that the duo contacted various assesses of pending high-value I-T assessment cases, promising favourable orders in their cases under

Supreme Court raps Rahul Gandhi for ‘irresponsible’ remarks on Savarkar, stays criminal proceedings against him

New Delhi, Apr 25 (PTI) The Supreme Court on Friday censured Congress leader Rahul Gandhi for “irresponsible” remarks on Vinayak Damodar Savarkar at a rally in Maharashtra but stayed the criminal proceedings against him. A bench of Justices Dipankar Datta and Manmohan said, “Let’s not mock our freedom fighters.” The bench further asked senior advocate Abhishek Singhvi, appearing for Gandhi, whether he knew that even Mahatma Gandhi used words such as “your faithful servant” in his communications to the Britishers. When Singhvi argued charges of promoting enmity and public mischief were not made out against Gandhi, the bench remarked, “You

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