Mumbai: The Reserve Bank of India (RBI) on Friday said IndusInd Bank has taken sufficient steps to address improve its accounting practices, with governor Sanjay Malhotra noting that the bank is doing well overall. The remarks signalled regulatory comfort with the lender's actions so far, pushing its shares up over 5%. The RBI's comments come nearly three months after IndusInd Bank disclosed issues in its derivatives book, which triggered a 27% crash in its shares. Since then, the bank has seen...Read More
Kolkata (West Bengal) [India], June 6 (ANI): Following the interim bail granted to Law student Sharmistha Panoli by Calcutta High Court, her lawyer Kanchan Jaju said that the court has granted her protection after she received threats on social media. Advocate Kanchan Jaju said that the bail procedure is in process, and after the signature of the Chief Judicial Magistrate (CJM), it would be sent to jail, and she would be released at 5 pm. Also Read | Haryana Man Rapes Multiple Minors, Films Ac...Read More
Mumbai (Maharashtra) [India], June 6 (ANI): Akasa Air on Friday announced its partnership with Adani Airport Holdings Ltd (AAHL) to commence commercial flight operations from the upcoming Navi Mumbai International Airport (NMIA). A joint statement said Akasa Air will initially operate 100+ weekly domestic departures, scaling up to 300+ domestic and over 50+ international departures weekly in the winter schedule. Also Read | Haryana Man Rapes Multiple Minors, Films Acts and Sells Sex Abuse Vide...Read More
Vijayawada, June 6 (UNI) Andhra Pradesh Chief Minister N Chandrababu Naidu has directed officials to develop the 'Visakha Economic Region' as the growth engine of Andhra Pradesh, aiming for a $120 billion economy from this region by 2032. During a review meeting on Friday with the NITI Aayog officials at the Secretariat, the Chief Minister discussed the development of the Visakhapatnam Economic Region. He highlighted the need to transform Visakhapatnam into another Mumbai in the next seven yea...Read More
NEW DELHI (Reuters) -India is committed to efforts to develop its restive territory of Jammu and Kashmir, Prime Minister Narendra Modi said on Friday, accusing neighbour Pakistan of seeking to destroy livelihoods there with April's deadly attack on tourists. He was speaking on his first visit to the Himalayan region since Islamist attackers targeted Hindu tourists in the popular Pahalgam area, killing 26 men, triggering hostilities between the nuclear-armed neighbours that ended in ceasefire la...Read More
New Delhi, June 6: Following the death of 11 people in a stampede outside the M. Chinnaswamy Stadium during the IPL 2025 victory celebrations of Royal Challengers Bengaluru (RCB) on June 4, the Bengaluru Police on Friday arrested four officials, including the marketing head of the franchise. Bengaluru Stampede: Police Arrest RCB's Marketing Head Nikhil Sosale, Event Management Company Officials in Aftermath of Tragedy During IPL 2025 Victory Celebrations. The Bengaluru police on Friday arrested...Read More
New Delhi: Following the death of 11 people in a stampede outside the M. Chinnaswamy Stadium during the IPL 2025 victory celebrations of Royal Challengers Bengaluru (RCB) on June 4, the Bengaluru Police on Friday arrested four officials, including the marketing head of the franchise. The Bengaluru police on Friday arrested RCB's Marketing and Revenue head Nikhil Sosale who was waiting to board a flight to Mumbai from the Kempegowda International Airport. The police also arrested Kiran Kumar (Se...Read More
Guwahati: The Congress party has raised concerns about a "proposed agreement" between the Delhi Zoo and Vantara, an animal rescue and rehabilitation center operated by the Reliance Industries Chairman Mukesh Ambani's youngest son Anant Ambani. The party questioned whether this agreement could be a precursor to the privatization of the zoo. Ready for a challenge? Click here to take our quiz and show off your knowledge! As of now, neither the Ministry of Environment, Forests and Climate Change,...Read More
Bengaluru, Jun 6 (PTI) The Karnataka High Court on Friday, in an interim order, directed the state police not to take any coercive action against the office bearers of KSCA in connection with the stampede outside the Chinnaswamy stadium here which claimed lives of 11 people, until further orders. The Karnataka State Cricket Association (KSCA) President Raghuram Bhat, Secretary A Shankar, and Treasurer E S Jayaram approached the court seeking to quash the FIR filed against them. Justice S R Kri...Read More
Mumbai, Jun 6 (PTI) Reserve Bank Governor Sanjay Malhotra on Friday said fraud-hit IndusInd Bank is "doing well" now, and added that the resignation of MD and CEO Sumant Kathpalia should be seen as a "good enough" step from an accountability perspective. The RBI also said the bank has complied with all the regulatory asks over the turbulent period. "The MD and CEO of the bank resigned, owning moral responsibilities. So, I thought that should be good enough. Do you expect that all the board mem...Read More
Bengaluru, June 6 (SocialNews.XYZ) The political temperature in Karnataka soared after a tragic stampede near the M. Chinnaswamy Stadium in Bengaluru claimed the lives of 11 people during the Royal Challengers Bengaluru's (RCB) IPL 2025 victory celebrations. As grief and anger mount, sharp criticism has emerged from the Opposition, with BJP leaders holding the Karnataka government squarely responsible for the chaos. BJP leader Rajeev Chandrasekhar launched a scathing attack on the Congress adm...Read More
Mumbai, Jun 6 (PTI) Reserve Bank Governor Sanjay Malhotra on Friday said fraud-hit IndusInd Bank is "doing well" now, and added that the resignation of MD and CEO Sumant Kathpalia should be seen as a "good enough" step from an accountability perspective. The RBI also said the bank has complied with all the regulatory asks over the turbulent period. "The MD and CEO of the bank resigned, owning moral responsibilities. So, I thought that should be good enough. Do you expect that all the board mem...Read More
Mumbai: Akasa Air announced its strategic partnership with Adani Airport Holdings Ltd. (AAHL) to commence commercial flight operations from the upcoming Navi Mumbai International Airport (NMIA). The airline has announced that it will have the largest percentage of the fleet operating from NMIA with more than 100 weekly flights. After IndiGo became the first airline to announce commercial flight operations from the upcoming NMIA, one of the first second city airports in India, Akasa Air also fol...Read More
New Delhi, Jun 6 (PTI) State-owned power giant NTPC on Friday said its Group installed generation capacity has reached 80,515 MW, after the first unit of 250 MW of the Tehri hydro Pumped Storage Project (PSP) began commercial supply of electricity. THDC India Ltd, a subsidiary of NTPC Ltd, has declared the first 250 MW unit of its 1,000 MW Tehri PSP (4x250 MW) commercially operational with effect from 00:00 hours on June 7, 2025, according to a regulatory filing. The total installed and commer...Read More
NEW DELHI: Bharatiya Janata Party MP Tejasvi Surya on Friday took a dig at the Congress-led Karnataka government over the Bengaluru stampede, which claimed the lives of 11 people. Surya mockingly credited chief minister Siddaramaiah and deputy CM DK Shivakumar for Royal Challengers Bengaluru's long-awaited IPL trophy, while reacting to the chaos and political drama following victory celebrations and stampede. "We, RCB fans, are indebted to CM Siddaramaiah and DCM DK Shivakumar for winning us the...Read More
Mumbai (Maharashtra) [India], June 6 (ANI): NSE Sustainability Ratings and Analytics, a defunct subsidiary of the stock exchange NSE, has launched ESG ratings services for listed companies. It marks a significant milestone in advancing sustainable business practices in India. NSE Sustainability focuses on assessing Environmental, Social, and Governance (ESG) performance, providing stakeholders with vital information to make informed decisions. The company NSE Sustainability said in a statemen...Read More
New Delhi [India], June 6: In a strategic leadership move, Tezar EV has appointed Puran Singh Negi as EV Business Head. With over 23+ years of automotive experience both Internal Combustion Engine and Electric Vehicle(EV). Negi brings deep industry insight across electric and traditional ICE vehicle Industry. Also Read | OPPO K13x 5G Launch Expected Soon in India, Likely To Feature MediaTek Dimensity 6300 Processor; Check Expected Price, Specifications and Features. Also Read | Maharashtra FYJ...Read More
OSLO: India reaffirmed its global maritime ambitions with a USD 20 billion commitment toward enhancing multimodal logistics, port connectivity, and trade facilitation, Union Minister Sarbananda Sonowal announced during the India@Nor-Shipping session in Oslo. Highlighting the country's robust maritime transformation under Prime Minister Narendra Modi's vision of Viksit Bharat and Atmanirbhar Bharat, Sonowal projected India as a sustainable, secure, and tech-driven maritime leader. "India is movi...Read More
SINGAPORE, June 6 (Reuters) - GAIL (India) Ltd (GAIL.NS), opens new tab has re-sold one liquefied natural gas (LNG) cargo this week, said three market sources on Friday, as the state-run firm's storage tanks for the fuel are full amid weak power demand in India. Fewer LNG imports by GAIL, the country's largest gas distributor, could reduce India's overall appetite for the super-chilled fuel. India is the world's fourth largest LNG buyer, importing about 26 million metric tons last year as it go...Read More
NEW DELHI: Akasa will operate flights out of Navi Mumbai from Day One of Navi Mumbai International Airport (NMIA) opening later this year, with the likely date as of now expected sometime in August-end. The airline will start with 15 daily domestic flights and ramp up the number to over 40 domestic plus 8-10 international by next summer, said Akasa founder-CEO Vinay Dube and co-founder CCO Praveen Iyer on Friday."Between our 32 daily flights at Mumbai CSMIA and NMIA, we will have over 80 daily f...Read More
Sabarkantha (Gujarat) [India], June 6: Marking a significant milestone in its sustainability journey, McCain Foods India today announced the launch of its first Regenerative Agriculture Demonstration Farm in Hajipur village, Himmatnagar Taluka, in the district of Sabarkantha, Gujarat. The launch coincides with World Environment Day, underscoring McCain's commitment to climate-smart agriculture and long-term resilience in farming. Also Read | Pakistan Attacked 'Insaniyat' and 'Kashmiriyat' in Pa...Read More
NEW DELHI: The Reserve Bank of India (RBI) on Friday slashed the repo rate by 50 basis points to 5.5%, the lowest level in three years. This marks the third consecutive rate cut in 2025, bringing the cumulative reduction to 100 basis points since February. Alongside the rate cut, the central bank also reduced the cash reserve ratio (CRR) by 100 bps, unlocking ₹2.5 lakh crore worth of liquidity in the system. Sanjay Malhotra, governor, RBI said the monetary policy committee (MPC) took the decisi...Read More
Colombo: India and Sri Lanka explored ways to further expand their bilateral defence cooperation, especially in areas of maritime security, the island nation's defence ministry said. The deliberations took place at the Sri Lanka-India Defence Dialogue held in Colombo on Thursday. It was the first high-level meeting after India and Sri Lanka signed the first-ever defence partnership on April 5. A statement from the Defence Ministry said that the Sri Lankan delegation was led by Defence Secretary...Read More
New Delhi [India], June 6 (ANI): India and Italy will strengthen cooperation in agriculture and food processing, and set up Joint Working Groups in the automobile and space sectors, the Minister of Commerce & Industry said in a release. The decision was reached during a high-level meeting held between Union Minister of Commerce & Industry, Piyush Goyal, and Italy's Deputy Prime Minister and Minister of Foreign Affairs and International Cooperation, Antonio Tajani, in Brescia--Italy's manufactur...Read More
Mumbai, Jun 6 (PTI) Benchmark equity indices surged on Friday, with the Sensex climbing 746.95 points and Nifty reclaiming the 25,000-level after the RBI cut interest rates by more-than-expected 50 basis points -- a third consecutive reduction -- and reduced the cash reserve ratio for banks to provide a major liquidity fillip to support the economy amid geopolitical and tariff headwinds. Recovering all the early lost ground, the 30-share BSE Sensex jumped 746.95 points, or 0.92 per cent, to set...Read More
New Delhi, Jun 6 (PTI) The incentive scheme for recycling of critical minerals, such as copper, lithium, nickel, cobalt and rare earth elements, is in the final stages, a mines ministry official said on Friday. The Union budget has allocated Rs 1,500 crore for recycling of critical minerals under the National Critical Mineral Mission (NCMM), Joint Secretary in Mines Ministry Dinesh Mahur said during an event here. He said, "the incentive scheme for recycling is in its final stages." Earlier, t...Read More
Mumbai, Jun 6 (PTI) The rupee pared initial losses and appreciated 11 paise to close at 85.68 (provisional) against the US dollar on Friday, after the Reserve Bank cut repo rate by a higher-than-expected 50 basis points to prop up growth. Forex traders said the rupee traded on a flat-to-positive note as the RBI surprised the market with a jumbo rate cut. Besides, the rate cut supported by a phased 100 basis points CRR reduction will lower the borrowing costs and boost growth. Moreover, a surge...Read More
June 6 (Reuters) - Bajaj Holdings and Investment (BJAT.NS), opens new tab said on Friday that it sold a 0.65% stake in financial services firm Bajaj Finserv (BJFS.NS), opens new tab for 20.02 billion rupees ($233.8 million) via a block deal. On Thursday, news channel ET Now had reported, citing sources, that Bajaj Finserv's founding firm Jamnalal Sons and Bajaj Holdings and Investment would sell a combined 1.58% stake in the financial services firm via block deals, with an option to sell an add...Read More
Mumbai, June 6 (SocialNews.XYZ) The domestic benchmark indices surged on Friday after the Reserve Bank of India (RBI) reduced repo rate by 50 basis points to 5.50 per cent and cash reserve ratio (CRR) by 100 basis points (in four tranches). Sensex gained 746.95 points or 0.92 per cent at 82,188.99 and the Nifty rose 252.15 points or 1.02 percent to close at 25,003.05. The rise was led by banking stocks. Nifty Bank closed at 56,578.40, up 817.55 points or 1.47 per cent. During the day, Bank Nif...Read More
Mumbai, June 6 (SocialNews.XYZ) The Securities and Exchange Board of India (SEBI) has ordered the attachment of absconding businessman Mehul Choksi's bank accounts, mutual funds, and shares in an effort to recover Rs 2.1 crore. The amount is related to a penalty imposed on him for violating insider trading rules in the shares of Gitanjali Gems. Choksi, who was the Chairman and Managing Director of Gitanjali Gems, is accused of sharing unpublished price-sensitive information (UPSI) with an asso...Read More