Country Financial News

NARCL), the country's so-called 'bad bank', has offered Rs 260 crore to acquire Rs 3,040-crore debt of Metenere Ltd, equating to 8.5% recovery for lenders, said people aware of the development. A consortium of 10 lenders led by the State Bank of India accepted the offer under a 15:85 structure and has invited counter offers from other asset reconstruction companies, the people cited earlier said. Lenders will now hold a Swiss challenge auction on March 6, and have invited counter offers with a markup of Rs 15 crore over the anchor offer. NARCL, set up by government to acquire bad loans, will have the first right to match any counter offer.

BJP Chief JP Nadda appealed to the rank and file not to lose its focus from the goal of crossing the 370-seat mark in the forthcoming Lok Sabha elections and expressed confidence that the party will not only achieve a hat-trick of wins this time but also do so with a record margin. He credited Prime Minister Narendra Modi for bringing the party to this position, the country has made notable achievements in the last ten years- from the Ram temple at Ayodhya to the abrogation of Article 370 and reservation for women. Prime Minister Narendra Modi was given a standing ovation during the inaugural session of the BJP national council here on Saturday when party chief JP Nadda thanked him for the consecration of the Ram temple at Ayodhya. Nadda also slammed the Opposition on the caste census issue, saying while it wants to divide the nation into several castes Modi has focussed on four groups- women, youth, farmers and the poor. In a speech that covered several achievements of the BJP and hailed Modi’s guidance and leadership, Nadda said the party has “won a century of elections” from the bottom up since 2014. He expressed confidence that BJP will meet the target of 370 seats in the forthcoming Lok Sabha elections.

By John Irish

By Krisztina Than

By Jessica DiNapoli

Palestine issue and an increasing number of nations are now not only endorsing it but considering it as «more urgent» than before, External Affairs Minister S Jaishankar said on Saturday amid concerns over the prevailing situation in Gaza. Jaishankar made the remarks at an interactive session at a security conference in Munich in presence of US Secretary of State Antony Blinken and German Foreign Minister Annalena Baerbock. The external affairs minister described the October 7 attacks on Israeli cities by Hamas as «terrorism» but at the same time, referring to Tel Aviv's response, said Israel has an international obligation to observe the humanitarian law. Jaishankar said it is important that Israel should have been very mindful of civilian casualties.

Fire Country returns with a blaze in Season 2, premiering tonight, February 16, at 9 p.m. ET on CBS. The series, co-created by Max Theriot, promises a riveting continuation, picking up six months after the dramatic Season 1 finale that left Bode back in prison. With characters scattered in different life situations, expect shocking twists as the storyline unfolds.

The first look of the Meerut Metro train set was presented and handed over to the National Capital Region Transport Corporation at Savli, Gujarat. Union Minister Hardeep Singh Puri lauded the unveiling of the indigenously designed metro train set for the Meerut section of the Delhi-Ghaziabad-Meerut corridor. 

The vast expanse of the maritime domain has long served as a conduit for global interaction, linking nations across continents. As such, navies worldwide have played a pivotal role as ambassadors, representing their countries’ diplomatic endeavors on the international stage. Situated strategically, the Indian subcontinent has historically been a hub for trade and international relations, facilitating the exchange of cultures, resources, assets, and ideas. In this context, the Indian Navy has emerged as a cornerstone of India’s efforts to maintain diplomatic relations with other nations, both militarily and diplomatically.

trust vote in the 70-member Delhi Assembly with Chief Minister Arvind Kejriwal claiming that his party has emerged as the biggest challenger to the BJP, which «wants to crush it by any means». Kejriwal, who is also the national convener of the AAP, won the confidence motion with the support of 54 MLAs and said no legislator of his party defected. Out of 62 AAP MLAs in the Delhi Assembly, 54 were present in the House during the trust vote, two were in jail, two others were unwell, three were out of station and one was not present due to a wedding in his family, the AAP national convener said. Kejriwal had moved the motion of confidence in the Assembly on Friday and accused the BJP of trying to poach his party's MLAs.

Russian opposition figure Alexei Navalny’s death Friday at a Russian prison camp in the Arctic silenced a man who was arguably the most influential remaining critic of President Vladimir Putin and the authoritarian state the former spy has methodically built on the wreckage of the Soviet Union. Putin, who has effectively run Russia for 24 years and is seeking to extend his time in office for another six years in elections set for next month, now strides the Russian political stage with almost no visible challengers.

Sheriff’s Deputy Jeremy Malone’s life ended moments after he pulled over a car without license plates by a Dollar General store in rural Mississippi last month. The driver pulled out a pistol illegally modified with a small device known as a Glock switch, which made it capable of fully automatic gunfire, according to police. Malone, a 44-year-old father of three, was killed instantly in a barrage of bullets.

Wang Yi said China will be a «force for stability» in the world during a speech on Saturday at a major security conference in Germany. «No matter the changes in the international situation, China as a responsible major country will always maintain the continuity and stability of its major policies and resolutely stay a force for stability in a turbulent world,» Wang said.

Ukraine on Saturday, the country's air force chief said. «On the morning of February 17, 2024, in the eastern (sector), units of the Air Force of the Armed Forces of Ukraine destroyed three enemy aircraft at once — two Su-34 fighter-bombers and one Su-35 fighter,» Mykola Oleshchuk wrote on Telegram. Reuters was not able to verify the claim, which if true would represent a loss to Moscow of advanced warplanes worth in excess of $100 million in total.

BJP president J P Nadda on Saturday underlined the party's meteoric rise since Prime Minister Narendra Modi took office and lauded his leadership in the past decade that has been full of new achievements for the organisation. The Modi government will score a hat-trick and retain power for a third straight term after the Lok Sabha polls, expected in April-May, he told nearly 11,500 party delegates who have assembled at Bharat Mandapam here for the two-day national convention. «We have to cross 370 seats and the NDA has to cross 400,» he said in his inaugural address, exhorting party members to put all their energy in achieving the target so that the party breaks its previous records. Thousands of party delegates from across the country rose to cheer Modi when Nadda made a mention of the women's reservation law and the construction of the Ram temple in Ayodhya while citing the highlights of the prime minister's tenure.

two-state solution in the Mideast, but as part of a negotiated settlement. With talks long stalled and Israel's offensive against Hamas in Gaza deepening, some European countries are voicing support for recognising a Palestinian state sooner. "Recognising a Palestinian state is not a taboo for France," Macron said Friday at a meeting in Paris with Jordan's King Abdullah.

By Guy Faulconbridge

By Gabriel Stargardter and Lucinda Elliott

Blowhot Kitchen Appliances emerges as a beacon of ingenuity, poised to revolutionise the industry with its innovative designs and forward-thinking approach. Founded on the principle of blending modern technology with traditional Indian lifestyles. Under the leadership of Mr.

Baba Vanga, often likened to the famed Nostradamus, has left behind a legacy of foreseeing significant global events like the 9/11 attack, Chernobyl disaster and Princess Diana's death among others. As we delve into 2024, some of her prophecies appear to be unfolding, leaving many in awe of her foresight.

Young Sheldon Season 7 Episode 2, titled «A Roulette Wheel and a Piano Playing Dog,» Sheldon faces unprecedented challenges during his summer school stint in Germany. The Big Bang Theory prequel kicked off its final season with an episode that continues from the Season 6 finale, showcasing Sheldon and Mary's extended stay outside the country.