RAI Financial News

Karnataka Cooperation Minister K N Rajanna on Saturday hinted at an imminent hike in milk prices. He said that a meeting would be called soon to decide on this. «I have brought to the notice of the chief minister that in the entire country there is no state that procures milk from farmers at a lower price than us. Similarly there is no state that sells the milk to consumers at a lower price than us,» Rajanna said. Speaking to reporters here, he said, «We procure milk at Rs 31 per litre and after installing National Dairy Development Board's (NDDB) software, farmers may be getting Rs 2 per litre more, on an average Rs 31. We sell it at Rs 45 per litre...but no state in the country procures at Rs 31 and sells at Rs 45. In other states they sell at Rs 58-60 (per litre).»

Arunangshu Sarkar to the Oil and Natural Gas Corp board as the company’s first director (strategy and corporate affairs). The Appointments Committee of the Cabinet (ACC) has approved the oil ministry’s proposal to appoint Sarkar, group general manager (production) at ONGC to the board, the oil ministry said in a communication to the company on Saturday. He will stay in this position until his retirement. Nearly two years ago, while appointing Arun Singh, a retired BPCL chairman, as the new CEO of ONGC the government decided to restructure the ONGC board to revitalize the organization. The posts of director (offshore) and director (onshore) were abolished and replaced by two new positions of director (production) and director (strategy and corporate affairs) on the board.

Kumaraswamy on Saturday accused Karnataka Chief Minister Siddaramaiah of building a house illegally on a site allotted to a Dalit with a disability during his tenure as the deputy chief minister. He said the allegations against the CM regarding illegalities in the allotment of 14 sites to his wife in a layout by the Mysuru Urban Development Authority (MUDA), in connection with which the Governor has given approval for investigation against him, were not the only ones committed by Siddaramaiah in Mysuru. "....haven't we now seen what he has done for the farmers? Are we not seeing (developments) in Mysuru (referring to MUDA site allotment scam)? Let these15 sites (14 actually) be there on one side. As the Deputy CM, he had built a house. On whose land did you build the house. Do you want records of it? I'm asking the chief minister," Kumaraswamy said.

Uber on Friday announced it will dispatch robotaxis built by driverless technology pioneer Waymo beginning next year in Austin, Texas, and Atlanta in a deal that deepens the bond between once-bitter rivals. The alliance expands upon a partnership the two companies forged in Phoenix last year, signaling they were ready to set aside their differences and work together following a bruising legal battle revolving around allegations that Uber had stolen Waymo's trade secrets. Uber's increasing reliance on Waymo's robotaxis to supplement the fleet of cars driven by people responding to requests sent on a mobile app comes just a few weeks after it announced plans to deploy driverless cars from General Motors' beleaguered Cruise subsidiary.

Madhya Pradesh Chief Minister Mohan Yadav has stated that efforts are being made to preserve the sanctity and blessings of the Narmada River, with plans to ban liquor and meat shops in religious towns across the state. Speaking to on Saturday, CM Yadav said, «By bringing together all state government departments, we have made an effort to maintain the sanctity and blessings of Maa Narmada. We will aim to ban meat and liquor shops in religious towns. I hope the decisions taken will be reviewed in November. This is not a one-day process; it is an ongoing one.» Meanwhile, the Congress party has welcomed the government's decision, calling it a sacred initiative.

Real Madrid will play Real Sociedad in La Liga game on Saturday afternoon. It's must-win game for Madrid if they want to keep a pressure on the league leaders Barcelona. Madrid have eight points from four matches. Sociedad have four points from four games so far. Real Madrid versus Real Sociedad La Liga games will be played in San Sebastian, Spain on Saturday, September 14. The kick is scheduled at 3 pm (ET). Viewers in the US can watch the La Liga soccer game between Real Madrid and Real Sociedad on ESPN+, ESPN App, Fubo which offers seven-day free trial.

hoolock gibbon, for oil and gas exploration by a Vedanta Group company. Cairn Oil & Gas will carry out exploratory oil drilling in the ecosensitive zone of the Hoollongapar Gibbon Wildlife Sanctuary in Jorhat district, the sole habitat for India's only ape species. The ministry's Forest Advisory Committee approved the diversion of 4.49 hectares of forest land during a meeting on August 27, according to minutes published on the Parivesh portal. On August 8, Assam's principal chief conservator of forests (wildlife) and chief wildlife warden recommended the clearance, saying that the project served «national interest».

Delhi Police have initiated an investigation following an incident involving the bursting of firecrackers outside Chief Minister Arvind Kejriwal's residence in Civil Lines on Friday. The FIR has been lodged against unidentified individuals under Section 223 of the Bharatiya Nyaya Sanhita. The incident comes in the wake of a recent directive issued by the Delhi government on September 9, 2024, which imposed a ban on the production, sale, and use of firecrackers across the city. This measure was introduced as part of the government's efforts to combat rising air pollution levels anticipated during the upcoming winter season.

Haryana BJP Kisan Morcha president Sukhvinder Mandi joined the Congress party on Saturday as the state moves closer to the October 5 Assembly polls. Mandi, a former MLA from the Badhra assembly segment, joined the Congress in the presence of party leader Bhupinder Singh Hooda and Haryana Congress chief Udai Bhan. Mandi was hoping to get a ticket from Badhra but the BJP denied him. Mandi was welcomed into the Congress fold by Hooda and Bhan, a party statement said.

Reserve Bank of India (RBI) has said there will be no trading in government securities, foreign exchange markets, money markets and rupee interest rate derivatives on September 18, 2024 as the government of Maharashtra has declared the day as a public holiday. The state government declared September 18, 2024 as a public holiday under Section 25 of the Negotiable Instruments Act, of 1881. In a press release dated September 14, 2024, RBI says, «The public holiday on September 16, 2024, declared earlier has been cancelled,» says RBI. «Accordingly, there will be no transactions and settlements in Government securities, foreign exchange, money markets and rupee interest rate derivatives on September 18, 2024. Settlement of all outstanding transactions due on September 18, 2024 (Wednesday) will get postponed to the next working day, i.e., September 19, 2024 (Thursday).» «The Government securities market, foreign exchange market, money market and rupee interest rate derivatives market will now be operational on September 16, 2024 (Monday). The settlement of secondary market transactions in Government securities, foreign exchange market, money market and rupee interest rate derivatives market which are due on September 17, 2024, will continue to be on the same day, i.e., September 17, 2024 (Tuesday),» the central bank adds.

Uttar Pradesh and neighboring regions has moved north-northeastwards and weakened into a well-marked low pressure area. This low pressure system is currently situated over northwest Uttar Pradesh and its surrounding areas. It is expected to weaken further into a low pressure area. The IMD has issued rainfall alerts for many states including Himachal Pradesh, Haryana and Delhi.

coal production in the country increased substantially during the fiscal year 2024-25, as per the Ministry of Coal. As per the ministry data on Friday, the production reached a provisional total of 411.62 million tonnes (MT) by September 12, 2024. This marks an impressive rise from the 388.86 MT produced during the same period last year, reflecting a growth rate of 5.85 per cent. Despite facing adverse climatic conditions that hampered mining operations, the ministry stated that sector has shown remarkable resilience, achieving significant production milestones.

Jammu and Kashmir's Doda district, amid tight security arrangements. This will be the first visit by a prime minister to Doda in the last 42 years. Multi-tier security has been deployed across the twin districts of Doda and Kishtwar, particularly around the venue, to ensure a peaceful and smooth conduct of the election rally, which will be held at the stadium in Doda town. «Prime Minister Modi will hold his first election meeting in Doda tomorrow. This will be a significant event as it marks the first visit of any Prime Minister to Doda in 42 years. The last prime ministerial visit to Doda was in 1982,» said Union Coal and Mines Minister and BJP election in-charge for Jammu & Kashmir, G Kishan Reddy, on Friday in Samba.

Kamala Harris, who presents herself as the candidate of change as she runs for president against Republican Donald Trump, said Friday that she's different from President Joe Biden because she offers «a new generation of leadership.» In her first solo television interview since she became the Democratic presidential nominee, Harris also criticized the "hate and division that we see coming out of Donald Trump" and said she thinks people are «exhausted» by his style of leadership. She also said she's a gun owner and doesn't want to take away anyone's guns, but she believes a ban on assault-style weapons is necessary and consistent with the Second Amendment.

Kishtwar (Jammu and Kashmir): Two army soldiers were killed in a gunbattle with terrorists in Jammu and Kashmir's Kishtwar district. The White Knight Corps confirmed the news on X, along with pictures of the soldiers. "#GOC White Knight Corps and all ranks salute the supreme sacrifice of the #Bravehearts; offer deepest condolences to the families," the White Knight Corps wrote on X.

Friday the 13th is widely known as an unlucky day in Western cultures. This superstition has existed for centuries and involves a combination of beliefs about the number 13 and the day Friday. Despite unclear origins, this idea persists today.

Onsurity has raised Rs 219.7 crore (around $26.2 million) in a funding round led by private equity firm Creaegis. The round also saw participation from existing investors Nexus Venture Partners and Quona Capital. According to a regulatory filing with the Registrar of Companies (RoC), Onsurity’s board has approved a special resolution to issue 10 equity shares and 6,302 Series B1 compulsory convertible preference shares, priced at Rs 3,48,089 each, totalling Rs 219.7 crore. Creaegis invested Rs 176.4 crore, while Nexus Venture Partners and Quona Capital contributed Rs 31.4 crore and Rs 11.9 crore, respectively.

NCLT) has withdrawn its approval for the merger scheme between Zee Entertainment Enterprises and Sony Group Corporation's India media entities, Culver Max Entertainment and Bangla Entertainment. The order passed by the Mumbai bench of the NCLT on September 5 brings the curtain down on the failed merger deal that could have created India's second-largest media and entertainment company, rivalling the proposed Star India-Viacom18 combined entity. Zee had filed an application with the Mumbai bench of the NCLT on August 29, seeking recall of the NCLT order dated August 10, 2023, sanctioning the scheme of arrangement.

FanCode has signed a three year deal with T Ten Global for streaming rights of Zim Afro T10, Abu Dhabi T10 and Lanka T10. The second edition of Zim Afro T10 will start on September 21 and is expected to produce nine days of high-quality cricket, with the likes of David Warner, Dawid Malan, Yasir Shah, Carlos Brathwaite, and Colin Munro, all in the mix. The tournament will put the spotlight on cricket’s fastest format at the Harare Sports Club. The six franchises in the tournament are the Harare Bolts, Bulawayo Brave Jaguars, Cape Town Samp Army, Durban Wolves, Jo’Burg Bangla Tigers and the NYS Lagos.

Delhi High Court on Friday granted interim bail till January 30 to four co-owners of the basement of an Old Rajinder Nagar coaching centre where three civil services aspirants drowned in July. Justice Dinesh Kumar Sharma, while pronouncing the verdict on the bail pleas of the four accused, said the relief is subject to the co-owners depositing Rs 5 crore with the Red Cross. The judge said the conduct of the co-owners is «unpardonable» and an «act of greed». In the order, a request has been made to the Lieutenant Governor to constitute a committee under a retired high court judge to ensure no coaching centre is permitted to run without permission. The authorities should also carve out a place for coaching centres in the capital, Justice Sharma added.