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Punjab & Sind Bank cuts MCLR by up to 20 basis points

“Our bank has reviewed the marginal cost of fund based lending rate (MCLR) for different tenors and the same will be effective from 16.08.2019,” Punjab & Sind Bank (PSB) said in a regulatory filing. The public sector bank has lowered the benchmark one-year MCLR to 8.50 per cent from 8.70 ... Read More »

China successfully launches new rocket for commercial use

The Smart Dragon-1 (SD-1), developed by the China Rocket Company affiliated to the China Academy of Launch Vehicle Technology (CALVT), blasted off from the Jiuquan Satellite Launch Centre in northwest China at 12:11 pm local time. The three satellites, developed by three separate Beijing-based companies, will be used for remote ... Read More »

J&K: Pakistan violates ceasefire in Rajouri, one jawan martyred

The martyred jawan has been identified as Lance Naik Sandeep Thapa. Defence spokesperson told that Pakistani troops started firing using small arms and shelling with Mortars at about 6.30 am. Alert Indian troops retaliated and started giving a befitting reply.  However, during the exchange of  fire  between Indo-Pak troops, Lance Naik ... Read More »

Patients scramble for treatment as fire breaks out in AIIMS

The fire broke out at the teaching block of the hospital forcing evacuation and affecting the emergency department, though no one was injured in the incident. The building was emptied when the blaze started at around 5pm on Saturday. The incident took place due to a short circuit. The fire broke ... Read More »

HK activists, Beijing supporters demonstrate in London

More than a thousand people took part in the two demonstrations in the British capital. Protesters supporting the activists paraded banners reading “Will Britain hold China to its promise on Hong Kong’s freedom?”, “Power to the people: stand with Hong Kong” and “Will Boris surrender to China?”, referring to new ... Read More »

Argentina Treasury minister resigns amid deepening economic crisis

Dujovne will be replaced by Hernan Lacunza, economy minister for Buenos Aires province, Argentine media reported. The country’s peso ended the week having shed 20 per cent of its value against the US dollar as both Fitch and S&P cut the South American country’s long-term credit rating, citing increased uncertainty ... Read More »

Iceland commemorates first glacier lost to climate change

A bronze plaque will be unveiled in a ceremony starting around 1400 GMT to mark Okjokull which translates to “Ok glacier” in the west of Iceland, in the presence of local researchers and their peers at Rice University in the United States, who initiated the project. Iceland’s Prime Minister Katrin Jakobsdottir, Environment ... Read More »

Afghanistan: 63 killed, 182 wounded in Kabul wedding blast

More than 1,000 people had been invited, one witness said. Interior Ministry spokesman Nusrat Rahimi said, the attacker set off explosives among the wedding participants. Both the Taliban and a local affiliate of the ISIS carry out bloody attacks in the capital. “Around 1,200 guests were invited to the wedding,” ... Read More »

Heavy rain lashes several parts of the country disrupting normal life

In Himachal Pradesh, several roads were blocked following landslides and flash floods. In Punjab, an has been sounded in several districts following the release of excess water from Bhakra dam through the spill gates after heavy rainfall in its catchment area. Rain lashed several places in Punjab, including Ludhiana, Amritsar ... Read More »

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