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Sensex tumbles over 850 pts on weak global cues, FII outflows; sinks below 75k

Mumbai, Feb 24 (PTI) Falling for the fifth straight session on Monday, equity benchmark BSE Sensex plunged over 850 points to drop below the crucial 75,000 level, tracking a weak global market trend and unabated foreign fund outflows amid escalating trade tensions. Besides, deep losses in IT, telecom and metal stocks added to the gloom, analysts said. The 30-share BSE benchmark tanked 856.65 points or 1.14 per cent to settle at 74,454.41. During the day, it plummeted 923.62 points or 1.22 per cent to 74,387.44. The NSE Nifty dropped 242.55 points or 1.06 per cent to 22,553.35. As many as

Rupee ends 4 paise lower at 86.72 against US dollar

Mumbai, Feb 24 (PTI) The rupee dropped 4 paise to settle at 86.72 against the US dollar on Monday amid massive outflow of foreign capital that also dragged down the domestic equity markets by more than 1 per cent. However, a flat greenback against major currencies prevented a sharp fall in the domestic unit, according to forex traders. At the interbank foreign exchange, the local unit opened at 86.58, up 10 paise from Friday’s close of 86.68, but gave way during the session. It eventually settled at 86.72, falling 4 paise from the previous day’s closing level. Jateen Trivedi, VP

BJP leader P C George in jail in hate speech case

Kottayam (Kerala), Feb 24 (PTI) A court in this district remanded BJP leader P C George to judicial custody on Monday in a hate speech case after sending him to police custody until 6 pm the same day. The Erattupetta Munsif Magistrate Court rejected George’s bail application earlier in the day. Senior police officials questioned George before he was sent to jail, police sources said. George, a former MLA, surrendered before the Erattupetta Munsif Magistrate Court around 11.05 am. The case was taken up for consideration at 12.30 pm, followed by arguments from both sides. After hearing the submissions, the

Trump administration eliminating 1,600 USAID jobs in US

WASHINGTON, Feb 24 (Reuters) – President Donald Trump’s administration said on Sunday it was placing all personnel at the foreign assistance agency USAID, except leaders and critical staff, on paid administrative leave and eliminating 1,600 positions in the United States. Billionaire Elon Musk’s Department of Government Efficiency has led an effort to gut the U.S. Agency for International Development, the main delivery mechanism for American foreign assistance and a critical tool of U.S. “soft power” for winning influence abroad. “I regret to inform you that you are affected by a Reduction in Force action,” said an email sent to one

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