New Delhi, Jun 6 (PTI) SBI MF, Morgan Stanley and Goldman Sachs, among others, on Friday cumulatively bought a 1.8 per cent stake in Bajaj Finserv for Rs 5,506 crore from promoter entities. Besides, JP Morgan India, Citigroup Global, Societe Generale, SBI Life, BofA Securities and Barclays Merchant Bank (Singapore) were also among the buyers, as per block deal data on the NSE. These entities bought 2.86 crore shares or 1.8 per cent stake in Bajaj Finserv at an average price of Rs 1,925.20 apie...Read More
Bhopal, Jun 6 (PTI) Madhya Pradesh Congress chief Jitu Patwari on Friday questioned the mentality of BJP leaders and asked why they talk about dresses worn by girls, a comment coming a day after state minister Kailash Vijayvargiya said he disapproves of the trend of women wearing "skimpy clothes". Speaking during a programme in Indore on Thursday, Vijayvargiya said in India women are considered a form of goddess and they should wear very good clothes. He also said, "I do not like (women) wearin...Read More
New Delhi, Jun 6 (PTI) Hours after RBI's jumbo rate cut, state-owned Punjab National Bank (PNB) on Friday announced up to 50 basis points reduction in lending rate, a move which will help existing and new borrowers. Other banks are also expected to make similar announcements soon. "Great News for Our Valued Customers! Punjab National Bank Makes Your EMIs More Affordable! Following the repo rate cut (6.00% - 5.50%), Punjab National Bank has reduced its RLLR by 50 bps, effective from June 9, 202...Read More
New Delhi, Jun 6 (PTI) Prime Minister Narendra Modi on Friday said he will attend the G7 summit in Canada this month after receiving an invitation from his Canadian counterpart Mark Carney during their first phone conversation. Carney's invitation to Modi to attend the outreach sessions of the G7 Summit signalled Ottawa's intent to repair the ties with New Delhi that plummeted to an all-time low over the killing of a Khalistani separatist. Prime Minister Modi accepted the invitation that came ...Read More
Dehradun, Jun 6 (PTI) The Centre and Uttarakhand government are committed to making the state a national hub of horticulture, Union Agriculture Minister Shivraj Singh Chouhan said on Friday. Interacting with farmers at a Kisan Chaupal in Pavwala Sauda village under Doiwala block of Dehradun, the agriculture minister said, "The quality of fruits, grains and vegetables grown in Uttarakhand is unique and they have full potential to make a mark at the global level." "The Centre and the state govern...Read More
Bengaluru, Jun 6 (PTI) Poland's Martin Konecny replaced Asian Games bronze medallist Genki Dean of Japan as the organisers on Friday confirmed the 12-man entry list for the rescheduled Neeraj Chopra Classic international javelin event, to be held on July 5. India's first-ever international javelin competition, originally slated for May 24, was postponed due to military tensions between India and Pakistan last month. Organised by double Olympic medallist Neeraj Chopra in collaboration with JSW ...Read More
New Delhi, Jun 6 (PTI) Former Delhi minister Satyendar Jain was questioned by the Anti-Corruption Branch (ACB) for over five hours on Friday in connection with a graft case related to the construction of classrooms in city government schools under the previous AAP dispensation. Sources said Jain was evasive in his replies and might be called for questioning again. Jain, who was the Public Works Department (PWD) minister in the AAP government, termed the case "politically motivated". According...Read More
New Delhi, Jun 6 (PTI) Tata Electronics on Friday said it has inked a pact with Bharat Electronics Limited (BEL) to boost the development of indigenous electronics and semiconductor solutions. The signing of the Memorandum of Understanding (MoU) marks a significant step forward for Tata Electronics and BEL in jointly exploring end-to-end solutions to meet domestic requirements, according to a release. BEL, a Navratna PSU under the Indian Defence Ministry, specialises in design, development, an...Read More
Mumbai, Jun 6 (PTI) The RBI on Friday raised the loan-to-value (LTV) ratio for lending against gold to 85 per cent for borrowings under Rs 2.5 lakh from the present 75 per cent, and spelt out other conditions with an aim to regulate the category in a better way with minimum risk. The LTV ratio has been fixed at 80 per cent for loan amounts between Rs 2.5 lakh and Rs 5 lakh and 75 per cent for loans above Rs 5 lakh, said the Reserve Bank of India (Lending Against Gold and Silver Collateral) Dire...Read More
Lucknow, Jun 6 (PTI) Samajwadi Party chief Akhilesh Yadav on Friday paid homage to Chhatrapati Shivaji Maharaj, claiming he built the Maratha Empire with discrimination, adopted secularism, and took everyone along. Yadav garlanded a portrait of Shivaji Maharaj on his coronation day celebration held at Dr Ram Manohar Lohia Auditorium at the party's headquarters here. Shivaji Maharaj, the founder of the Maratha Empire, was crowned as King at the Raigad Fort on June 6, 1674. According to a party...Read More
New Delhi, June 6 (PTI) The Delhi government on Friday released over Rs 900 crore funds to urban local bodies for development works, according to a statement. They have also released Rs 820 crore to the Municipal Corporation of Delhi (MCD) and the Delhi Jal Board (DJB) received Rs 146 crore under the free drinking water scheme. "In this scorching summer, ensuring clean and sufficient drinking water for every citizen of Delhi is our top priority. Water is not a privilege for a few, it is a basi...Read More
Katra: Prime Minister Narendra Modi visited Jammu and Kashmir on Friday to inaugurate multiple rail projects, including the world's highest Chenab Rail Bridge, the Anji Khad Bridge, and the Katra-Srinagar Vande Bharat Express, as part of the Udhampur-Srinagar-Baramulla Rail Link. These railway projects directly connect Jammu and Kashmir to the rest of the country. The Udhampur-Srinagar-Baramulla Rail Link is an all-weather railway corridor designed to provide seamless connectivity to the region...Read More
Rajgir/Gayaji (Bihar), Jun 6 (PTI) Rejecting outright the 50 per cent cap on caste-based reservations, Congress leader Rahul Gandhi on Friday vowed that "the barrier will be broken" in whichever part of the country his party came to power. The Leader of the Opposition in Lok Sabha made the promise in Bihar, the state which was a hotbed of the Mandal agitation in the 1990s, and where polls to the assembly are likely in a few months. "I wonder where did this idea of a 50 per cent cap come from? ...Read More
New Delhi: The first warship in the anti-submarine warfare shallow water craft series, equipped to conduct subsurface surveillance, search and rescue missions, and low-intensity maritime operations, is set to be inducted into the Indian Navy on June 18, officials said on Friday. The commissioning ceremony of 'Arnala' at Naval Dockyard, Visakhapatnam will be presided over by Chief of Defence Staff Gen Anil Chauhan. "The warship incorporates more than 80 per cent indigenous content and integrate...Read More
Bijapur, Jun 6 (PTI) Top Naxalite leader Bhaskar, who carried a cumulative bounty of Rs 45 lakh, has been killed in an encounter with security forces in Indravati National Park area in Chhattisgarh's Bijapur district on Friday, a senior police official said citing "preliminary identification of body". The encounter was part of the same anti-Naxal operation underway since Wednesday by personnel from the state police's Special Task Force (STF) and District Reserve Guard (DRG) as well as the CRPF'...Read More
New Delhi, Jun 6 (PTI) The Delhi government has decided to set up thousands of water ATMs and water coolers in the city, including all its schools, Chief Minister Rekha Gupta said on Friday. She inaugurated a water ATM during a visit to a local government school with Water Minister Parvesh Verma in her Shalimar Bagh constituency. "No one should remain thirsty during this summer season. Thousands of Water ATMs will be installed at schools and public places across the capital," she said. Addres...Read More
Kolkata, Jun 6 (PTI) West Bengal Chief Minister Mamata Banerjee on Friday wished the people on the occasion of Eid-ul-Adha. "Eid Mubarak! My heartfelt greetings to everyone on the occasion of Eid-ul-Adha," Banerjee posted on X. Eid ul-Adha, also called Bakrid, is the second of the two main festivals in Islam, alongside Eid al-Fitr. The festival celebrates the devotion of Prophet Ibrahim, who was willing to sacrifice his son in obedience to God's command. The crescent moon, sighted in Saudi Ar...Read More
Chennai, Jun 6 (PTI) Tamil Nadu Chief Minister M K Stalin on Friday alleged that there is a "sinister design" in the BJP-led union government's implementation of the Census and delimitation exercises. Alleging that the Census delay was no accident and that the delimitation plan was no coincidence, the Chief Minister said, "the danger I warned of is at our doorstep." In a social media post, he said: "There is a sinister design in how the BJP-led Union Government is implementing the national Cens...Read More
Mumbai, Jun 6 (PTI) Low-cost carrier Akasa Air on Friday announced a tie-up with Adani Airport Holdings to operate from the conglomerate-run Navi Mumbai airport once it begins operations in late-August. The city-headquartered airliner will have 15 domestic departures from the airport initially, which will go up to 50 by the end of the winter schedule, its Founder and Chief Executive Vinay Dube said. A few days ago, larger rival Indigo had announced a similar tie-up to operate from the new airp...Read More
Hyderabad, Jun 6 (PTI) Telangana Chief Minister A Revanth Reddy on Friday said BRS president K Chandrasekhar Rao should face an inquiry by the judicial commission on the Kaleshwaram project instead of attacking the Congress government. Addressing a public meeting after attending various development programmes in Yadadri-Bhuvanagri district, he referred to the judicial panel summoning KCR and the BRS criticising the state government on the matter. The judicial commission is probing the alleged ...Read More
New Delhi, Jun 6 (PTI) A Delhi court on Friday decided to start hearing arguments on charge from July 2 in the Unlawful Activities (Prevention) Act case related to February 2020 riots. Additional Sessions Judge Lalit Kumar on June 2 noted that the prosecution and counsel for five accused persons had completed their arguments on charge. The court then sought the "schedule regarding the time frame" and the manner of addressing the arguments, "particularly time or hours" from the special public p...Read More
Mumbai, Jun 6 (PTI) Maharashtra Congress president Harshwardhan Sapkal on Friday demanded an apology from Uttar Pradesh Chief Minister Yogi Adityanath for wearing a 'jiretop', a traditional headgear worn by Maratha warrior king Chhatrapati Shivaji Maharaj. Sapkal also accused Adityanath of spreading misinformation by claiming that Ramdas Swami was guru of the 17th-century king who founded the Maratha empire. "He must apologise for insulting the Maharaj by wearing a jiretop. Those insulting Chh...Read More
Itanagar, Jun 6 (PTI) A gunfight broke out between security personnel and suspected militants along the India-Myanmar border in Arunachal Pradesh's Longding district, a defence official said on Friday. During patrolling in the Pongchau circle on Thursday, security forces observed the movement of some armed men and challenged them, he said. The suspected militants started indiscriminate firing after noticing the patrol party, and the security personnel retaliated, the defence spokesperson said....Read More
Bengaluru, Jun 6 (PTI) The Karnataka State Cricket Association had sought permission for RCB's IPL trophy celebrations at Vidhan Soudha, a letter sent by it to the state government has revealed, reaffirming KSCA's assertion that it facilitated approvals for the franchise which is under fire following 11 deaths in a stampede outside the Chinnaswamy Stadium. After an FIR was lodged against them, KSCA president Raghuram Bhat, secretary A Shankar and treasurer E S Jayaram submitted in the Karnataka...Read More
New Delhi, Jun 6 (PTI) Reserve Bank monetary policy action to cut repo rate by large 50 basis points is among the most growth-oriented and borrower-centric interventions seen in recent years, and will reduce repayment burden on individuals as well as corporate, experts said. Home, auto and other loans are likely to cost less as the Reserve Bank of India (RBI) cut interest rates by a larger-than-expected 50 basis points on Friday, and unexpectedly reduced the cash reserve ratio for banks to make...Read More
New Delhi, Jun 6 (PTI) Multi Commodity Exchange of India Ltd (MCX) on Friday said it has received approval from markets regulator Sebi to launch electricity derivatives. The electricity derivatives contracts to be introduced by MCX will help power distribution companies, and large consumers to hedge against price volatility and manage price risks more effectively, by enhancing efficiency in the power market, the commodity bourse said in a statement. "These contracts will offer participants a r...Read More
New Delhi, Jun 6 (PTI) Over 400 participants from various government departments attended a high-level virtual workshop organised by the Ministry of Ayush in collaboration with the Ministry of Information and Broadcasting as a significant step towards seamless coordination and wider outreach for the 11th International Day of Yoga (IDY). The session held on Thursday was aimed at addressing the growing demand for timely, authentic and fresh information regarding grand Yoga Day celebrations as thi...Read More
Katra, Jun 6 (PTI) As the valley delves into jubilation over freshly launched rail connectivity, traders in adjacent Jammu were a bit subdued, apprehending a loss of business because of the travellers bypassing them wholesale straight to Kashmir. As a result, traders' outfits in the district have urged the government to think about the economic impact and address it. "We congratulate the prime minister on this historic step. It will provide Kashmir with all-weather connectivity. But it will in...Read More
Berhampur (Odisha), Jun 6 (PTI) Two minor cousins were allegedly raped by four miscreants after abducting the duo in Odisha's Ganjam district, police said on Friday. The incident came to light after the mother of one of the victims lodged a complaint at Golanthara police station on Thursday evening. After registering a case, police launched a manhunt to arrest the accused persons, a police officer said. The victims, aged between 11 to 15 years, along with family members had attended a marriage...Read More
New Delhi, Jun 6 (PTI) Former Australia captain Michael Clarke believes Virat Kohli, who considers Test cricket as the pinnacle, could come out of retirement if India suffer a heavy defeat in the upcoming five-Test series in England and is requested to return by the team management and selectors. Kohli had announced his retirement from the longest format last month after featuring in 123 Tests for India, scoring 9,230 runs at an average of 46.85, including 30 centuries. "I believe this. If Ind...Read More