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Indian Navy has successfully rescued the crew of a Panama-flagged crude oil tanker, MV Andromeda Star, after it came under a missile attack by Houthi militants. The vessel was attacked in the Red Sea on April 26, prompting a rapid response from the Indian Navy's destroyer, INS Kochi. The attack resulted in minor damage to the vessel, which is operated by a company based in Seychelles. The distressed oil tanker was intercepted by the Indian Navy ship and an aerial recce was carried out by the Indian Navy helicopter to assess the situation. «A mission deployed Indian Naval destroyer INS Kochi responded to a maritime security incident involving the attack on Panama-flagged crude oil tanker MV Andromeda Star on April 26,» the Indian Navy said.

Election Commission of India (ECI) has instructed the Aam Aadmi Party (AAP) to revise its election campaign song to comply with Advertising Codes. This directive comes in response to the ECI's objection to the phrase «jail ke jawaab me hum vote denge» and a visual depicting a mob holding a photo of Arvind Kejriwal behind bars, which the ECI believes casts aspersions on the Judiciary. In a statement, the ECI clarified its stance, saying, «The phrase 'jail ke jawaab me hum vote denge' showing an aggressive mob holding the photo of Arvind Kejriwal showing him behind bars, casts aspersions on the Judiciary.» The ECI further noted that the repeated use of this phrase in the advertisement violates the provisions of ECI Guidelines and Rule 6(1)(g) of Programme and Advertising Codes prescribed under the Cable Television Network Rules, 1994. However, the AAP has defended its campaign song, arguing that it does not target the Bharatiya Janata Party (BJP) and does not contravene the Model Code of Conduct. Atishi, a senior AAP leader, highlighted during a press conference that the song includes factual videos and incidents.

Equity markets are impacted more by the expectations of future monetary policy than the policy rate surprises on the day of announcement of the policy by the Reserve Bank, said an analysis. According to a working paper prepared by RBI officials, the regulatory and development measures which are announced along with the monetary policy too impact the stock markets.

equity indices experienced a decline on Friday, primarily due to weakness in the financial sector. However, these losses did not overshadow the weekly gains, which were fueled by a post-results rally in key index constituents and reduced concerns regarding the Middle East. The NSE Nifty 50 was down 0.67% to 22,420, on the day, while the S&P BSE Sensex shed 0.82% to 73,730. Both the indexes snapped a five-day winning streak. However, for the week, the Nifty 50 and Sensex gained about 1.25% and 1%, respectively.

earnings underway, as many as 211 companies will announce their quarterly results this week with some major names in the mix. Investors will be particularly watching out for some major earnings of Kotak Mahindra Bank, DMart, Ultratech Cement, Indian Oil, Adani Energy, Adani Power, Ambuja Cements, Adani Wilmar, Adani Enterprises, Coal India, Titan among others. Here's what's on the earnings calendar this week

Also read: RBI sets standards for SFBs eyeing universal bank licence Uttam Tibrewal, executive director & deputy chief executive officer, AU SFB, said, “Prima facie it looks like we meet most of the criteria set out by the regulator. We are studying the circular in detail and will discuss the next course of action with our board soon. Currently, we are fully focused on ensuring a smooth integration with Fincare SFB and scaling our recently launched authorised dealer-I business of cross-border trade and forex for our customers." According to the RBI's guidelines, only listed SFBs can qualify for a universal banking license.

ICICI Securities, from Indian stock exchanges, according to report by The Economic Times. In the previous month, approximately 72% of shareholders gave their approval for the scheme of arrangement facilitating the merger of ICICI Securities with its parent company, ICICI Bank.

Nifty Bank index has given only 12.41% returns compared to 25.89% returns by the Nifty 50 index. Beneath this underperformance lies a story. Let us explore it in detail: Investors preferred public sector banks (BPSUs) to private sector banks. BPSUs largely finance institutional and corporate borrowers and private sector banks are known for catering retail credit needs. Despite strong credit offtake, stocks of private sector banks did not do well. There is a reason. Private sector banks were richly valued compared to BPSUs. In a high interest rate regime, value conscious investors preferred to stick to BPSU. The PSU rally also improved the sentiment around PSU bank stocks. However, these stocks have a relatively low weight (around 15%) in the Nifty Bank index. Hence the positive impact on Nifty Bank Index was not as much.

Minority shareholders of ICICI Securities led by Bengaluru-based investment manager Manu Rishi Guptha have filed a class action suit with National Company Law Tribunal (NCLT) against ICICI Bank's bid to delist its broking arm from the Indian bourses. Last month, nearly 72% shareholders approved the scheme of arrangement for the merger of ICICI Securities with its promoter ICICI Bank.

Nifty ended with weekly gains of 2% amid significant volatility. On Friday it ended in the red breaking its five sessions gaining streak. When markets resume trading on Monday, a host of important domestic and global events lined-up during the holiday-truncated week are likely to impact them. Equity markets will be shut for trading on May 1, Wednesday on account of Maharashtra Day.

IPL 2024: Hardik Pandya questions Tilak Varma's 'match awareness' during DC vs MI clash, says 'cost us the game' In a statement released on Saturday, BCCI stated, “Kishan committed a Level 1 offence under Article 2.2 of the IPL's Code of Conduct. He admitted to the offence and accepted the Match Referee's sanction," “Level 1 offence under Article 2.2 of the IPL's Code of Conduct".

Antony Blinken that they do not find «credible or reliable» Israel's assurances that it is using U.S.-supplied weapons in accordance with international humanitarian law, according to an internal State Department memo reviewed by Reuters. Other officials upheld support for Israel's representation.

India’s swift and preemptive action against TikTok could be a feature that plays out in American courts as the ByteDance-owned firm is likely to challenge the US move to ban its video-hosting service, Federal Communications Commission (FCC) commissioner Brendan Carr told ET in an exclusive interaction. Carr’s comments come close on the heels of a stringent directive issued to the popular app by US President Joe Biden on Wednesday. He signed a bill that requires TikTok’s Chinese parent ByteDance to divest ownership of the app or face the ban in the next nine to 12 months. ByteDance said it is not considering selling the app with TikTok CEO Shou Zi Chew asserting that the facts and the US Constitution were on the company’s side. TikTok’s official account on microblogging platform X has been stating that a potential ban on its app in the US would “trample the free speech” of 170 million Americans.

Lok Sabha elections 2024: The Congress on Saturday filed a complained with the Election Commission against Union Minister and BJP leader Anurag Thakur for his "outrageous" remarks made at an election rally, alleging that it violated the Model Code of Conduct (MCC). Party general secretary Jairam Ramesh alleged Thakur's remarks “violates standards of decency and truth" while informing that Congress has sought "immediate and meaningful" action against him, failing which they will "name and shame the offenders".

ALSO READ: 'Last chance': Israel issues strong warning ahead of Rafah offensive Police have carried out large-scale arrests at universities in recent days, at times using chemical irritants and tasers to disperse demonstrators. In its statement, Northeastern said campus police backed by local law enforcement moved in Saturday to clear "an unauthorized encampment" on the campus.

Congress on Saturday accused the BJP of accommodating corrupt leaders and taking no action in cases against them once they join the ruling party. The allegations came as Prime Minister Narendra Modi campaigned in Maharashtra and ahead of his rally in Goa. It also raised the plight of onion farmers and giving clearance to projects to select corporate groups, asking if the prime minister is working for the people or his «crony businessmen friends». In a post on X, Congress General Secretary Jairam Ramesh alleged that the BJP's deluxe brand washing machine has been reserved for Goa.

Community Service and the Key to a Happy Marriage" of Young Sheldon Season 7, Meemaw, portrayed by Annie Potts, confronts the aftermath of her actions as she receives a sentence of community service under the supervision of Officer Thomason, played by Academy Award winner Octavia Spencer. The clash between Meemaw and Officer Thomason promises gripping drama and intense moments.

FMCG companies navigate the inflation challenge, innovate to stay ahead of the competition and adopt an omni-channel approach to reach more buyers, they have a looming risk which they need to address. Increasingly, FMCG products are coming under buyer and regulatory scrutiny. Recently, Nestle India's shares plummeted by up to 5.4%, reaching a day’s low of Rs 2,409.55 on the BSE. This significant drop followed the revelation that the multinational FMCG giant adds sugar to baby food products sold in India, a practice not followed in Europe and the UK. This is the second time in the last nine years that Nestle India has come under the spotlight for quality issues. In 2015, its instant noodles brand Maggi was under the scanner after excess lead and MSG were found in some samples collected from Uttar Pradesh. While stock meltdown and regulatory action are short-term risks, losing consumer trust is a long-term and bigger risk for an FMCG company. Laterly, a number of cases have come up where individuals and governments have brought FMCG products under the spotlight. What a spate of incidents tells

News 18, the Ayushi ministry issued the warning, asking the drugmakers to "strictly comply with labelling and advertising regulations". Failing to adhere to regulations may attract legal action, the report added.

Karnataka Chief Minister Siddaramaiah on Saturday said Narendra Modi has undermined the dignity of the Prime Minister's post with lies and inflaming people's sentiments. «Narendra Modi is very good at lying. They have marketed lies. He is trying to harm the dignity of people by saying irrelevant things, inflaming people's feelings, polarizing them, which undermines the dignity of the post of Prime Minister,» Siddaramaiah said, while addressing a press conference. He said Congress has complained about this to the Election Commission. «We have complained to the Election Commission regarding his speeches on reservation and 'Mangalsutra' issues. No action has been taken yet. Notice has been given to them. We look forward to taking action,» the Chief Minister said.

A post shared by Krishna Mukherjee (@krishna_mukherjee786) Stating that she feels unsafe, she added, “I asked for help from so many people but nothing. Nobody could do anything about it. People ask me why I am not doing any show? This is the reason.