l

Fed cuts rates; Powell declares he won’t resign if Trump asks

The Federal Open Market Committee, acknowledging the uncertain economic outlook, unanimously cut the federal funds rate to a range of 4.5% to 4.75%.



  • Money & Banking

l

Can Trump remove Fed Chair Powell? Here’s what the law says

Trump will have future opportunities to appoint or replace at least one Fed governor and possibly impact other key leadership roles, but the central bank’s independence remains a core principle



  • Money & Banking

l

Share Market Highlights November 8, 2024: Sensex dips 55 pts, Nifty ends below 22,150; IT stocks hold firm

Sensex, Nifty updates on November 8, 2024: Indian equity indices ended lower on TFriday, with the Sensex down by 55.47 points at 79,486.32 and the Nifty falling 51.10 points to 24,148.20. Market breadth was negative, with 1,314 shares advancing and 2,475 declining. Sector-wise, IT gained 0.7 per cent, while media, PSU Bank, and metals dropped. Midcap and smallcap indices shed 1 per cent and 1.6 per cent, respectively.




l

Will Swiggy IPO sail through on last day?

Issue subscribed 0.35 times so far with retail investors portion receiving 0.85 times




l

Stocks that will see action today: November 8, 2024

Buzzing stocks: Tata Power, MOIL, Lodha, Aurionpro, Brigade group, Rushil Decor, INOX India, Northern Arc, Embassy REIT, SBI, LIC, Ola, Tata Motors, Premier Energies, Ashok Leyland, Equitas SFB




l

ACME Solar Holdings IPO issue closes today

Thanks to higher participation from retail investors, offer subscribed 0.7 times so far




l

Flat opening seen for Nifty, Sensex post Fed rate cut

Global markets are positive but analysts concerned over local macros




l

Photo exhibition on Indian epigraphs held at Manonmaniam Sundaranar University




l

Man held for attempt to murder in Tirunelveli




l

Prices of flowers go up in the morning, stabilise and come down in the evening




l

Thousands of devotees flock to Tiruchendur for Soorasamharam




l

Call to increase consultation days at transgender clinic at Government Rajaji Hospital in Madurai

Thousands of people have visited the clinic since its launch in 2022 thanks to friendly doctors; those coming from outstations find it difficult to make multiple trips; they also want a hostel for those visiting the clinic since they are not welcome at lodges, says an activist




l

A SIPCOT that can preserve and also change the fortunes of Melur 




l

Police seize explosive substance from murder case accused in Sivaganga




l

HC dismisses plea by Manappuram Finance MD&CEO to quash CBI notice

The CBI in Madurai had issued the notice to the private finance company official to cooperate in the investigation into the case of gold jewellery missing from Punjab National Bank, Pudukkottai Branch, in 2019




l

Devotees brave rain to witness ‘soorasamharam’ at Tirupparankundram temple

The ceremony marks the end of Kanda Sashti festival which started with ‘Kappu Kattudhal’ ceremony. 




l

Man murders advocate, burns his body near Aralvaimozhi




l

Regulate supply of commodities to fair price shops, say employees




l

HC grants time to authorities to repair damaged sluice gate at an irrigation tank in Sattur




l

Devotees throng Palani for ‘Soorasamharam’




l

HC directs Dindigul Superintendent of Police to take steps to identify vehicle involved in accident




l

HC directs officials to inspect GRH building




l

Members of nomadic community lay siege to MLA office, Taluk office in Karaikudi




l

Competition on Marabu Kavithai to be held

Karisal literary festival to be held in Sivakasi on Dec 14, 15




l

A dargah in Rameswaram where property loot amounts to killing a cow on the banks of Ganga

According to a copper plate of the Muthukumara Vijayaragunatha Sethupathi Kaathathevar, one will incur the sin of killing a Kaaram Pasu, if one misappropriates the proceeds from Pakkiri Puthukulam village donated to the Habil and Qabil Dargah, which is a few yards away from the house of late President A.P.J. Abdul Kalam




l

 A beacon of women’s education in Kulasekarapattinam for 120 years 

Chettikulam Deivanayagam started a school for girls in 1904. It was named after his wife Thayammal who died young. He introduced free meals and followed reservation in admission. He also started a teachers’ training institute in 1947




l

AIADMK leader alleges lack of coordination between T.N. govt. departments during northeast monsoon

AIADMK leader and former Revenue Minister R.B. Udayakumar visited a few low-lying areas in Madurai city that were affected by the recent spell of rains




l

Water level in Mullaperiyar dam stands at 124.75 feet on November 8, 2024




l

Key amendments in Food Safety Act explained to food business operators in Thoothukudi




l

Temple administrator held under POCSO Act for impregnating minor girl




l

Women SHGs receive loan amount of ₹816.77cr.




l

CM Stalin inaugurates 13 school buildings in Tenkasi district




l

Confusion is only in the minds of BJP and not in J&K Assembly, says P. Chidambaram




l

Bypass Road widening work in Tirunelveli nearing completion




l

HC quashes FIR over parking of lorry on a waterbody




l

With crematorium being used as dump yard, residents of Karuppayurani bid unpleasant farewell to dear ones




l

Implementation of government schemes reviewed at DISHA meeting in Madurai




l

Thousands witness celestial wedding at Sri Dhandayuthapani Swami Temple in Palani

The highlight of the ‘kanda sashti’ festival is the ‘Soorasamharam,’ following which the ‘thirukalyanam’ took place at the hill temple.




l

Poor condition of road used for diversion of traffic choking vehicular movement near Palam Station Road




l

DVAC raids Vilangudi Sub-Registrar’s office in Madurai; seizes ₹1.98 lakh

Preliminary inquiries revealed that the Sub-Registrar, named Veerakumar, was posted in Vilangudi about 18 months ago, and there were complaints against the official demanding bribes from several people 




l

Girl students learn cyber laws in Tirunelveli




l

Four arrested in Melapalayam on charge of robbing two persons




l

Long queue at Silver Cascade as officials check e-pass of tourists entering Kodaikanal




l

High Court Justice suggests naming of Tamil University after Raja Raja Cholan




l

Public Information Officers sensitised to respond within time limit as per laws, says RTI Commissioner




l

Police rescue abducted rice mill owner in Tenkasi, nab four suspects




l

Water level in Mullaperiyar dam stands at 124.75 feet on November 9, 2024




l

A slew of welfare schemes available for marginalised women, say Minister and officials at an outreach programme

200 beneficiaries selected by the Tamil Nadu Widows and Destitute Women Welfare Board will receive ₹50,000 each to establish self-employment ventures




l

Meet stresses early infertility management and diagnosis




l

HC restrains authorities from constructing shopping complex on land used by villagers