India Financial News

24.05 / 19:03
UPS Action Election country Courts Investigations MEA show-cause notice to Prajwal Revanna in sexual abuse case
Ministry of External Affairs has served a show-cause notice to suspended JDS MP Prajwal Revanna asking why his diplomatic passport should not be cancelled in view of allegations of sexual abuse against him. The MEA is awaiting his response before deciding on the next course of action, sources told ET. The show-cause notice, served through email, is part of the process initiated to cancel Prajwal's passport. The case is being dealt under the provisions of the Passports Act of 1967. The MP from Hassan left India on April 27, a day after voting for the Lok Sabha elections took place in his constituency. If his passport is cancelled, then Prajwal's stay abroad will be illegal and he may face legal action in the country of stay, sources said.
24.05 / 19:03
WhatsApp wellness Justice Courts OBC order BJP conspiracy to divide Muslims & SCs: Mamata Banerjee
Mamata Banerjee alleged at a public rally on Friday that the Calcutta High Court's order on the cancellation of OBC certificates was the result of a "conspiracy" by the BJP to create division between Muslims and Tapshilis (scheduled castes). «I will give justice to people. There are Tapshilis, Adivasis and Muslims. I will not deprive anyone of their rights,» Banerjee said, speaking in a public rally at Joynagar in the South 24 Parganas district. Cancellation of the certificates would affect many Hindus as well as minorities other than Muslims too, she said, affirming that her government would move the Supreme Court against the order of the high court, which cancelled around half a million OBC certificates issued after 2010, citing violation of reservation rules.
24.05 / 19:03
markets Trade show country reports inequality No vote-bank threat, less capital-flight risk from wealth tax: Nitin Kumar Bharti
vote-bank threat if a tax is imposed on the assets of the wealthy, as it will not impact 99.96% of the population, says Nitin Kumar Bharti, the lead author of a recent World Inequality Lab report that suggests imposition of a wealth tax to correct inequalities in India. Studies also show that such a tax causes little capital flight, he tells ET. Edited excerpts: India's past experiments on wealth tax haven't worked; why do you think this could? Wealth tax hasn't worked for several reasons — limited purview, easier evasion and, most importantly, lack of a strong government will. Today, evasion is less of a concern due to technological advancements, such as Aadhaar linkage and computerisation of land records and stock market trading. We propose to tax overall net wealth, not keeping any asset out of the purview. But haven't wealth taxes failed in developed countries as well? The narrative is changing now, and there is more debate about bringing back the repealed wealth taxes to tame the rising wealth inequality.
24.05 / 19:03
Citizens Progressive Election WhatsApp Actor country Congress will defuse nuclear weapons if elected: PM Narendra Modi
Modi alleged on Friday that Congress has reached a level of craziness where it intends to terminate India's nuclear weapons if it comes to power, restore Article 370 that gave special status to Jammu and Kashmir, and annul Citizenship Amendment Act. At an election rally in Mandi, he also attacked those who had used unsavory language against BJP candidate and actor Kangana Ranaut during the campaign. «You have seen Congress rule for decades. Congress likes a Bharat which is poor, citizens are surrounded by problems… Hence, it wants to bring back the old situation in the country. It wants to put reverse gear in the country's progress. Hence, Congress is saying if it comes to power, it will bring back Article 370 and annul CAA… It has reached a level of craziness where it is saying it will terminate India's nuclear weapons. They are making these announcements in their election campaign,» Modi said. The prime minister further charged Congress with being staunchly communal and practices appeasement politics for vote bank.
24.05 / 19:03
Progressive Manufacturing security economy WhatsApp country Courts India's progress would have been faster, if borders were more secure, says NSA Doval
security advisor Ajit Doval on Friday said India would have progressed at a much faster pace if its borders had been more secure, defined and not in «adversarial dispossession» while underlining that the country's power has grown immensely in last 10 years. Delivering the Rustamji Memorial Lecture organised by the BSF on its 21st investiture ceremony, he said, «In the foreseeable future, I don't think our borders are going to be as secure as we will require for our fast economic growth. So, the responsibility on border guarding forces has become very, very heavy. They have got to remain on alert 24X7 in perpetuity. They have got to see that our national interests and country are protected.» Borders are important because that is the limit which «defines our sovereignty», he said. «Zameen par jo kabza hai wo apna hai, baaki to sab adalat aur kachehri ka kaam hai, us se fark nahi padta (The land which is in our possession is ours, the rest is the matter of courts and that is immaterial),» Doval said. He said the government has paid «very, very high attention» to border security during the past 10 years, a period in which «our comprehensive national power has grown immensely».
24.05 / 18:33
COST Digital security Bill track information Financial AA framework can revolutionize financial tracking for small businesses and individuals, says BG Mahesh
MUMBAI:The account aggregator (AA) framework, regulated by the Reserve Bank of India (RBI), can significantly simplify financial tracking for smaller companies and individuals, according to BG Mahesh, chief executive of Sahmati, at the Mint Digital Summit 2024. Sahmati is a member-driven industry alliance dedicated to promoting and strengthening the AA system.“In offline, the cost of processing a file is high.
24.05 / 18:33
Digital Platform wellness innovations information Pharmaceuticals Sporting Where there is AI, there is data, in every industry
Mint Digital Innovation Summit 2024.Participating in a panel discussion on “How AI, GenAI are powering digital transformation across sectors in India", Roopa Basrur, vice-president of Global Safety Medical Writing at Parexel, a Durham, North Carolina-based biopharmaceutical services company, said workflow automation, robust decision-making, and search and retrieval of data are the areas where AI's impact has been the most in the pharmaceutical industry.Basrur emphasised the use of AI in medical writing as well, which includes using data to determine whether a drug is safe for use or if there are warning signals.“So, we actually have developed an in-house literature review tool that helps to do exactly what you were talking about, that is cutting down the amount of time spent in drug research and drug safety," said Basrur.Moving to an industry that embraced “digital" from the get go, Abhishek Ravi, chief information officer (CIO) at Mumbai-based Indian fantasy sports platform Dream Sports (Dream11), said AI technology was ever-evolving for him and not an overnight wonder.
24.05 / 18:33
markets UPS Citizens reports Investigations From hiring butcher in Dhaka to chopping body into pieces: How Bangladesh MP Anwarul Azim Anar was murdered in Kolkata
Also Read: Bangladesh MP found dead in Kolkata: From India visit to murder, here's how things unfoldedAccording to officials, two of the criminals had put up at a hotel in New Market area in Kolkata for at least four days before the ‘killing’.The Member of Parliament (MP), who represented Jhenaidah-4 constituency in Bangladesh, had entered in India on on May 12. However, on May 18, Gopal Viswas, the family friend of the MP in Kolkata's Bidhannagar filed a missing complaint.According to PTI, an investigating officers in the West Bengal CID claimed that the plot to kill the MP was well-planned in January in Bangladesh's capital city.Kolkata Police said that the circumstantial evidence indicated that the MP was first strangulated and killed after which his body was chopped into pieces.The officer said that it seemed that the butcher was "illegally brought" to India to help them execute the crime."It's unthinkable, the way Anar's body was mutilated and then skinned to hide his identity.
24.05 / 17:15
Citizens Progressive Remark Election Actor country social Congress will terminate India’s nuclear weapons if it comes to power: Modi
Modi alleged on Friday that Congress has reached a level of craziness where it intends to terminate India’s nuclear weapons if it comes to power, restore Article 370 that gave special status to Jammu and Kashmir, and annul Citizenship Amendment Act. At an election rally in Mandi, he also attacked those who had used unsavory language against BJP candidate and actor Kangana Ranaut during the campaign. “You have seen Congress rule for decades. Congress likes a Bharat which is poor, citizens are surrounded by problems… Hence, it wants to bring back the old situation in the country. It wants to put reverse gear in the country’s progress. Hence, Congress is saying if it comes to power, it will bring back Article 370 and annul CAA…. It has reached a level of craziness where it is saying it will terminate India’s nuclear weapons. They are making these announcements in their election campaign,” Modi said. The prime minister further charged Congress with being staunchly communal and practices appeasement politics for vote bank.
24.05 / 17:15
UPS Election wellness President cover 2020 Lok Sabha elections: 58 seats across 6 states, two UTs go to polls in phase six on Saturday
Lok Sabha elections, covering 58 seats spread over six states and the union territories of Delhi and Jammu and Kashmir will be held on Saturday. Among the prominent candidates in the fray are former chief ministers Mehbooba Mufti (Jammu and Kashmir) and Manohar Lal Khattar (Haryana), union ministers Dharmendra Pradhan, Rao Inderjit Singh and Krishan Pal Gurjar, Deepender Hooda, industrialist Naveen Jindal, Bansuri Swaraj, Manoj Tiwari, Kanhaiya Kumar, Bhartruhari Mahtab, JP Aggarwal States where polling will be held in the sixth phase are Bihar (8 seats), Haryana (10), Jharkhand (4), Odisha (6), Uttar Pradesh (14), West Bengal (8), Delhi (7). Polling will also be held in Anantnag-Rajouri seat of Jammu and Kashmir where Mufti is the PDP candidate. The Election Commission had postponed polling on this seat from the third to the sixth phase due to logistical reasons owing to adverse climate conditions. Unlike in 2014 and 2019 when BJP had won all seven seats in Delhi, this time the battle is not easy for the saffron party as AAP and Congress have joined hands with the former contesting four seats and the latter three. In the prestigious Chandni Chowk seat, Congress candidate and veteran leader JP Aggarwal is said to be the frontrunner. Mahabal Mishra, a former Congressman now in AAP, is the INDIA candidate from West Delhi and is seen as a strong candidate.
24.05 / 17:15
markets UPS Manufacturing Southern Bill International Adani Solar to expand its business base in Kerala
Adani Solar on Friday said it will be expanding its business in Kerala as the southern state has huge potential in the solar energy market. As part of its expansion plans, the company, which is the solar PV manufacturing arm of Adani Group, signed an MoU with Kochi-based Almiya group, a reputed solar distributor, as its official partner in the state. Adani Solar said it will be installing a 225 MW solar power plant in Purapura in one year and has set up a warehouse in Coimbatore for faster delivery of the panels in Kerala and Tamil Nadu. «We are expanding our business in Kerala. In 2023 alone we could establish solar panels for 70 MW in Kerala. Kerala has a huge potential in the solar energy market and Adani Group has very big plans for Kerala,» Cecil Augustine, National Sales Head of Adani Solar said at a press conference.
24.05 / 17:15
UPS Provident Boxing trends beautiful Features Best Hair Bleach Products for Vibrant Transformations and Radiant Hair
Many top-tier bleach kits are enriched with nourishing ingredients like argan oil, flax oil, and almond oil, which protect and condition your hair throughout the bleaching process. These products offer professional-grade results, making them an excellent choice for DIY hair enthusiasts and those new to at-home hair colouring. In this article, we highlight the best hair bleach products available online, helping you to achieve your desired look safely and effectively.
24.05 / 16:47
DNA Food shock Investigations Fire at chemical factory in India kills at least 9, with searchers looking for more victims
Rescuers are combing through piles of debris and wreckage to search for bodies after an explosion and fire at a chemical factory in western India killed at least nine people and injured 64 others
24.05 / 16:29
Dreams Election Justice country travelers Videos PM Modi 'betrayed' youth by 'forcibly' imposing Agnipath scheme: Rahul Gandhi
Congress leader Rahul Gandhi on Friday alleged that Prime Minister Narendra Modi had "betrayed" the youth dreaming of serving the country by «forcibly» imposing the Agnipath scheme and asserted that an INDIA bloc government will ensure justice for them. Gandhi shared a video of his recent interaction on a tempo with some youth, who wanted to join the armed forces but could not do so because of the Agnipath scheme being introduced. In a post on X in Hindi along with the video, the former Congress chief said that while travelling on a 'Deshbhakti Ka Tempo', he got to know closely about the sufferings of the youth. «Narendra Modi has betrayed the youth who dream of serving the country in the army and has forcibly imposed the Agnipath scheme on them,» he said.
24.05 / 16:29
Fighting Remark Election wellness 2020 Delhi Lok Sabha Elections 2024 Phase 6: National Capital to vote on May 25. Here are candidates and their seats
BJP and the INDIA bloc partners pitted in a direct, one-on-one contest in all the seven Lok Sabha constituencies. A total of 1.52 crore voters, including 82 lakh male and 69 lakh female voters as well as 1,228 third gender, are eligible to cast their votes at more than 13,000 polling booths in 2,627 places across the seven seats. Voting will start from 7 am with special arrangements at the polling booths to help the voters exercise their franchise amid scorching heat.
24.05 / 15:55
markets UPS performer reports recommendations Pharmaceuticals Torrent Pharma board approves to raise Rs 5,000 crore
Torrent Pharma on Friday said its board has approved to raise funds up to Rs 5,000 crore for issuance of equity shares. «Recommended to the members to obtain enabling approval for issuance of equity shares including convertible bonds or debentures through Qualified Institutional Placement (QIP) and or any other modes for an amount not exceeding ₹5,000 crore in the upcoming Annual General Meeting (AGM),» the company said in a statement to stock exchanges.
24.05 / 15:55
Waves MET Yellow Mercury Department Delhi records high of 41.7 deg C, mercury likely to reach 44 deg C on Saturday
national capital on Friday recorded a high of 41.7 degrees Celsius, over a notch above the season's normal, according to the India Meteorological Department (IMD). The weather department issued a 'yellow' alert for Saturday as it predicted the mercury to reach a maximum of 44 degrees Celsius and a minimum of 31 degrees Celsius. However, there was no prediction for a heat wave. The Met office has four colour-coded warnings — green (no action needed), yellow (watch and stay updated), orange (be prepared) and red (take action).
24.05 / 15:45
Waters security PINK blues classical travelers Features Best Toiletry Kits under 1000 in India for Organised Travelling (2024)
To help you with this issue within your budget, we have curated a list of the best toiletry kits under 1000 in India. All of these kits are crafted with high quality materials and are readily available on Amazon. Go through the article, find the one that suits your style and need, and place your order using the given buying links.
24.05 / 15:45
UPS Remark love social Equality Colleges NOT Wanted to have an inter-caste marriage but girl and her family did not agree: CM Siddaramaiah
Karnataka Chief Minister Siddaramaiah opened up to the public at an event here on Thursday night, recalling his failed 'love story' due to casteism in society. During an event on inter-caste marriage on the occasion of 'Buddha Poornima', the full moon night when Gautam Buddha was born, the chief minister went on a flashback to his college days. «I wanted to have an inter-caste marriage but it did not happen. The girl did not accept it,» Siddaramaiah said. Elaborating further, he said, «When I was studying I had fallen in love with a girl. Don't mistake me. I had thought of marrying her but her family and also the girl did not agree. Hence, the marriage did not happen.
24.05 / 15:45
Progressive Fighting Remark community Interviews 'India becoming Pakistan because of BJP mirroring partition logic': Tharoor on Giriraj Singh's reservation comment
Giriraj Singh's comment on Muslim reservation, Congress leader Shashi Tharoor on Friday launched a scathing attack on BJP by claiming that 'India becoming Pakistan is result of the party mirroring the logic of partition.' «In fact, the sad thing is, India becoming Pakistan is the result of the BJP mirroring the logic of partition...We want to see everyone included in the narrative of Indian progress. It is simply not fair for a minister to say India becoming Pakistan when one thing we stand for in the Indian alliance is the opposite of the logic that the BJP is pursuing which mirrors the logic of Pakistan,» said Tharoor. Earlier during the day, BJP leader Giriraj Singh claimed that reservation given to Muslims is an attack on Hindus. «The time has come that the reservations given to the Muslims should be rethought about. Reservation given to them is an attack on the Hindus...If all the Hindus do not unite & fight against the Muslim reservation then in the coming days India will become Pakistan...» said Singh.
24.05 / 15:45
UPS security Remark Election country Maneka Gandhi faces the heat in Sultanpur as she looks for a bigger winning margin in Lok Sabha polls
Uttar Pradesh on Saturday will determine the fate of several high-profile candidates, including former Union Minister Maneka Gandhi, who is contesting on a Bharatiya Janata Party ticket from Sultanpur, one of fourteen seats up for grabs in this phase. Gandhi is aiming for her ninth term in the Lok Sabha, and is up against the Samajwadi Party's Ram Bhual Nishad and the Bahujan Samaj Party's Uday Raj Verma. During a campaign event, Pilibhit MP and Maneka's son, Varun Gandhi, said,«Elections are going on everywhere in the country...but there is only one region in the country where people don't call their MP, Sansad ji, Mantri ji, or by her name, but call her mata ji.»

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