Governor Challenges State Government's Search Committee: On Wednesday, Governor R N Ravi took a bold step by canceling the search committee formed by the Tamil Nadu State Higher Education Department for appointing a new Vice-Chancellor at Annamalai University. The Governor's office stated that the state’s committee excluded the UGC Chairman’s nominee, violating the Supreme Court’s interpretation of UGC re

Ircon International Ltd. has announced the appointment of Alin Roy Choudhury as its Chief Financial Officer (CFO) and key managerial personnel, effective January 1, 2025. Choudhury, who is currently the Chief General Manager of the finance division at the company, will succeed B Mugunthan. Mugunthan will be repatriated to the Ministry of Railways on December 31, 2024. Choudhury, a qualified cost and management accountant, has extensive experience spanning over 30 years in various do

In a dazzling celebration of beauty and talent, Caitlin Sandra Neil, a 19-year-old Chennai-born Indian American teenager, was crowned Miss India USA 2024 at the annual pageant held in New Jersey. Caitlin, who is a second-year student at the University of California, Davis, expressed her desire to leave a lasting, positive impact on her community, with a strong focus on women's empowerment and literacy. Having lived in the United States for the past 14 years, Caitlin's journe

A New York judge recently denied US President-elect Donald Trump's request to have his conviction for covering up hush money payments to a porn star thrown out on the grounds of presidential immunity. Judge Juan Merchan ruled that the immunity typically granted to presidents for official actions does not apply to the conduct involved in this case, which he deemed as "unofficial." This ruling keeps Trump's felony conviction intact, despite his legal team's attempt to use

The Indian rupee opened at 84.83 against the US dollar on Monday, a depreciation of 4 paise compared to the previous close of 84.79. The decline in the rupee is largely attributed to the uncertainty following the announcement of a leadership transition at the Reserve Bank of India (RBI). Shaktikanta Das will be succeeded by Sanjay Malhotra, sparking initial concerns in the market. However, markets quickly adjusted to the news, with experts noting that the RBI is closely monitoring banking sys

On Thursday, the Reserve Bank of India (RBI) received a bomb threat via email, which was written in Russian. The threat, sent to the RBI's official website, claimed that the bank would be blown up. Following the threat, a case was registered at the Mata Rambai Marg (MRA Marg) police station in Mumbai, and an investigation has been launched. This incident comes after a similar threat was made to the RBI through its customer care number on November 16, with the caller claiming to

The aftermath of the YSR Congress' landslide defeat in the 2024 general election has left the party in turmoil, with many senior leaders defecting. Prominent figures like Alla Nani, Breda Mastan, Avanti Srinivas, and Grandhi Srinivas have already parted ways with Jagan Mohan Reddy’s leadership, signaling the party’s deepening crisis. Adding to the woes, seasoned Andhra Pradesh politician and former Congress MLA Gone Prakash Rao has claimed that 4-5 more MLAs are likely to leav

Indian Grandmaster D Gukesh made history on Thursday by becoming the youngest world chess champion at the age of 18. He triumphed over the reigning title-holder, Ding Liren of China, in the 14th and final game of their thrilling showdown in Singapore. Gukesh secured the necessary 7.5 points, edging out Liren, who scored 6.5 points, after winning the last classical time control game, which had seemed destined for a draw for most of the match. Before Gukesh, the title of the youngest

Gold has experienced a remarkable rise in 2024, reaching 40 new record highs year-to-date and appreciating by over 28%. According to the World Gold Council (WGC), this surge has made gold the best-performing asset class globally, surpassing US stocks, emerging market stocks, US bonds, and even US currency. In the third quarter of 2024, gold demand exceeded $100 billion for the first time, showcasing its robust market position. Looking ahead to 2025, the direction of the US Federal R

India's inflation rate, based on the Consumer Price Index (CPI), moderated to 5.48% in November, down from 6.21% in October, according to the Ministry of Statistics and Programme Implementation. This easing, however, is still above the Reserve Bank of India's (RBI) target of 4%, with food prices continuing to drive inflationary pressure. The food inflation rate surged by 9.04%, continuing its trend of high costs. Economists had forecast a median inflation estimate of 5.5% fo

Indian Grandmaster D Gukesh is set to make history in the World Chess Championship as he nears a potential victory over China's Ding Liren. The series is tied at 6-6 after 12 intense games, and with a dramatic Game 13 that ended in a draw, Gukesh now has a final chance to clinch the title. This pivotal game, scheduled for Thursday, marks the culmination of years of hard work and determination for the young chess prodigy. Born in Chennai on May 29, 2006, D Gukesh began playing ch

Venkatesh Iyer's Surprising Academic Pursuit Venkatesh Iyer, the talented all-rounder who made headlines with his hefty price tag of Rs 23.75 crore at the IPL 2024 mega auctions, is not just focused on his cricketing career. Despite his high-profile presence in the sport, Iyer is also pursuing a PhD and is on his way to becoming Dr. Venkatesh Iyer. His decision to continue his academic journey after his cricket career shows his commitment to education. Iyer even joked about his aca

Sanjay Malhotra, a 1990-batch IAS officer from Rajasthan, has been appointed as the 26th Governor of the Reserve Bank of India (RBI), succeeding Shaktikanta Das. The government announced that Malhotra will take charge from Wednesday for a term of three years. With a background in computer science from IIT Kanpur and a Master's in Public Policy from Princeton University, Malhotra has had a distinguished career spanning over three decades in various sectors, including finance, taxation, pow

India's foreign exchange reserves saw an increase to $658.1 billion for the week ending November 29, according to the Reserve Bank of India (RBI). This rise followed an eight-week decline, with a $1.5 billion increase from the previous week. In comparison, the reserves had dropped by $1.31 billion in the prior week, reaching $656.58 billion. Foreign investors have invested Rs 1.75 lakh crore into India's debt and equity markets in 2024. However, the month of November witness

In November, the median perception of current inflation among households increased to 8.4%, up by 30 basis points from the previous survey round in September, according to the Reserve Bank of India (RBI) Households’ Inflation Expectations Survey. Meanwhile, expectations for inflation over the next three months moderated slightly by 10 basis points, reaching 9.1%. However, households' expectations for inflation a year ahead inched up by 10 basis points to 10.1%. The survey

The Indian rupee ended the trading session stronger after the Reserve Bank of India (RBI) decided to keep the benchmark interest rates unchanged, while unveiling measures aimed at improving liquidity in the banking system. The domestic currency gained 3 paise, closing at 84.70 against the US dollar, compared to 84.73 in the previous session. As part of the monetary policy changes, the RBI raised the interest rate ceiling on one-year Foreign Currency Non-Resident (FCNR) deposits by 200 basis p

On Friday, the Reserve Bank of India (RBI) announced it would keep the repo rate unchanged at 6.5% for the 11th consecutive time. This decision comes despite the GDP growth rate for the July-September quarter falling to a 7-quarter low of 5.4%, which was below the RBI's earlier projection of 7%. The RBI paused its rate hike cycle in April last year after raising rates by 250 basis points since May 2022. In the fifth bi-monthly monetary policy review for the current fiscal year,

In October 2024, the Reserve Bank of India (RBI) made a significant move by adding 27 tonnes of gold to its reserves, bringing its total gold purchases for the year to 78 tonnes. This marks the highest level of purchases since 2009, when India acquired 200 tonnes from the International Monetary Fund (IMF). The RBI's total gold reserves now stand at 882 tonnes. In comparison, India had bought only 16 tonnes of gold in 2023. The RBI's gold purchase comes amid global economic i

Brian Thompson, the CEO of US-based UnitedHealthcare, was fatally shot outside the New York Hilton Midtown hotel on Wednesday morning. Thompson, 50, was walking toward the hotel to deliver a keynote address at an investor conference when a gunman ambushed him. Surveillance footage captured the suspect, a white male wearing a hooded jacket and a black mask, approaching Thompson from behind and firing several shots with a semi-automatic handgun fitted with a silencer. Thompson was str

The Indian Institute of Management (IIM) Calcutta is expected to release the provisional answer key for the Common Admission Test (CAT) 2024 today. Once available, candidates can visit the official website, iimcat.ac.in, to download the answer key. The objection management window will be open from December 3 at 6 pm to December 5, 2024, at 11:55 pm, allowing candidates to raise any objections. After evaluating the objections, IIM Calcutta will announce the final results, expected by the secon