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Karnataka Cabinet on Thursday decided to provide 33% seats for other backward classes (OBCs) in the urban local bodies and in panchayats, partly accepting a set of recommendations made by retired Justice K Bhaktavatsala Commission. Urban local body polls in Karnataka had been stuck for want of a water-tight policy on political reservation in urban local bodies and in panchayat institutions based on a set of scientific data on dominance of caste groupings in each seat. The previous BJP regime had, in May 2022, set up a Commission, under retired high court judge Justice K Bhaktavatsala, asking it to come up with a report on determining political reservations for OBCs based on empirical data on OBCs. The earlier system of political reservation was not based on empirical data, and the apex court had said states could hold local body polls only after deciding seats for OBCs based on the empirical data on their population in seats. Justice Bhaktavatsala Commission relied on the elaborate caste census data, prepared by the State Backward Classes Commission. The data, part of a comprehensive report, however, is still under wraps, and the state government is awaiting clarity from the Congress high command to take a call on placing the report in public domain. Law Minister HK Patil, briefing the media about the Cabinet decision, said the Justice Bhaktavatsala Commission had made five recommendations, but the Cabinet had accepted three.

Those who don’t have a certified financial planner may want to consider getting one. A study released Wednesday by the Financial Planning Standards Board found that people who work with a certified financial planner enjoy life more, have a better understanding of their finances and are also more confident about their finances.

Oyo Hotels is in talks with Apollo Global Management to refinance a $660 million loan as the once-high-flying startup seeks more time to cut debt following a delay in its initial public offering, according to people with knowledge of the matter. Oravel Stays Pvt, as Oyo’s parent company is known, is seeking to extend maturity to five years compared with the existing 2026 deadline, one of the people said, asking not to be named as the negotiations are private. A decision could be reached as early as next month, another person said. The discussions with Apollo come after the Softbank Group Corp.-backed firm reported its first ever annual profit, and Fitch Ratings sees earnings improving as travel recovers.

Tata Motors on Thursday said it plans to equip over 50 per cent of its overall workforce with new-age auto tech capabilities within five years as part of its strategy to develop skilled and future-ready staff focused on electric vehicles and other emerging technologies in the auto industry. The company, which has over 57,000 employees across different functions, has collaborated with organisations such as ARAI, Bosch, Mathworks, SAE, and Tata Technologies, among others to provide its employees with professional certification programmes in connected, electric, shared and safe (CESS) through its upskilling programme.

Experts say investors' focus may also be on the medium-term forecasts laid out in the October Monetary Policy Report. (Exciting news! Mint is now on WhatsApp Channels. Subscribe today by clicking the link and stay updated with the latest financial insights! Click here!) Mint collated the views of five analysts on what the RBI can decide on repo rate and monetary policy stance.

Stocks gained on Wednesday, rising by around 80 bps, as the dollar and rates fell.

₹25,000, which was earlier ₹2500. Mirae Asset Mutual Fund has informed the investors about the news through a notice. For many investors, this development is indeed a big deal.

assembly polls in five states, the Election Commission has convened a meeting of its observers on Friday to finalise strategy for smooth conduct of the democratic exercise. The day-long meeting of EC's police, general and expenditure observers is aimed at streamlining strategy to ensure that the model code is implemented effectively and money and muscle power does not disturb the level playing field. The Commission has so far taken stock of poll preparedness in Rajasthan, Mizoram, Madhya Pradesh and Chhattisgarh.

Stocks to buy today: The Reserve Bank of India's (RBI's) Monetary Policy Meeting (MPC) is underway as RBI policy meeting has been scheduled from 4th to 6th October 2023. This means, outcome of RBI MPC meeting is expected on Friday i.e.

New Delhi: In a bid to strengthen direct connectivity between India and Uganda, the state carrier Uganda Airlines plans to offer direct flights to Delhi and Chennai. The move aims at tapping the demand potential across the Indian community with trade links in Uganda along with leisure traffic, a senior executive at the airline told Mint in an interaction. The airline will launch its first direct flight with the Indian market on 7 Oct with a direct flight between Mumbai and Entebbe.

(Reuters) -Imperial Brands said on Thursday trading for the year was in line with its expectations and reaffirmed its forecast, on the back of sustained demand, higher prices and strong adoption of tobacco alternatives such as e-cigarettes.

Stock split 2023: The board of directors of BCL Industries Limited declared record date for stock split after its meeting on Wednesday. The company board has fixed stock split record date on 27th October 2023. The small-cap company has already declared stock subdivision of one share of the company with a face alue of ₹10 each to ten company shares with a face value of Re 1 per share.

festival season is here. And so is the season of sales and discounts. Everything from branded clothes to accessories to electronics, smartphones, and motorbikes is available on easy EMIs.

Former Macquarie banker Mary Reemst has been appointed by the federal government to the Future Fund board to oversee more than $250 billion of investments, making her one of a handful of potential contenders to succeed Peter Costello as chairman.

Both harness a natural propellant that oceangoing vessels have depended on for centuries: the wind. And they’re part of a growing effort to move the shipping industry away from fossil fuels. “We want to decarbonize — why not use what’s available?” said Jan Dieleman, president of Cargill Ocean Transportation, which charters about 700 ships. “Wind is free fuel.” The worldwide shipping industry is responsible for about 3% of the greenhouse gases that are dangerously heating the planet.

Also Read: 5 things that changed for the stock market overnight - Gift Nifty to easing crude oil prices “Technically, this pattern indicates a formation of doji or hammer type candle pattern. Normally, formation of such patterns after a reasonable decline or at the key supports alert for a comeback bulls from the lower levels, after the confirmation.

Perth-based Canadian lithium junior Winsome Resources is in the market for its second multi-million capital raising this year, Street Talk understands.

₹5 lakh which is ultra-flexible, unlike a standard personal loan. Customers can choose the amount required and take only as much as needed each time, and pay interest only on what they take.

Click here! On Singh's arrest, BSP MP Danish Ali said, "Sanjay Singh was suspended from Rajya Sabha because he was continuously asking questions on Manipur. The government did not like it... This is an undeclared emergency.

The U.S. Securities and Exchange Commission (SEC) has announced settled charges against broker-dealer Citadel Securities LLC for non-compliance with Regulation SHO, a framework aimed at curbing abusive short selling practices. The regulation mandates broker-dealers to appropriately mark sale orders as either long, short, or short exempt. Such records play a pivotal role for regulators in monitoring and preventing illicit short selling activities.

Angela Mentis, National Australia Bank’s chief digital, data and analytics officer, will retire at the end of the month, taking one of the potential internal successors to chief executive Ross McEwan out of the race.