RAI Financial News

Jagdeep Dhankar on Thursday slammed Rahul Gandhi on his statements in the United States. He said that there is nothing more condemnable intolerable than one in Constitutional position becoming part of enemies of the nation, adding that he is «pained and disturbed» that some people in position have no idea of national interest. This comes after Leader of Opposition Rahul Gandhi met with US Congresswoman Ilhan Omar in Washington. The US leader is known to have an anti-Indian stance. Dhankar further said that true «Bharatiyas» would never side with the enemies of the nation. «Imagine, ultimate sacrifice have been given by how many in getting this freedom, in protecting this freedom, in protecting the nation! Our brothers and sisters are also involved in combat position. Mothers have lost their sons, wives have lost their husbands. We can't ridicule our nationalism,» said the vice president.

NCLAT) has adjourned the case involving Glas Trust Co, which represents a group of US lenders to troubled edtech firm Byju’s, and its parent company, Think & Learn, to October 1. The matter was adjourned on Thursday as the Supreme Court is also hearing an appeal by Glas Trust, opposing a Rs 158-crore settlement arrived at between the edtech firm and the BCCI, alleging that the money paid by Byju Raveendran’s brother Riju Ravindran was tainted. The matter is likely to be heard on September 17. On August 14, the Supreme Court revived the insolvency case against Byju's, overturning a NCLAT decision that had quashed the bankruptcy proceedings and approved the settlement agreement with the BCCI.

Trevoc group is expecting Rs 1,000 crore revenue from a luxury residential project on Gurgaon’s Golf Course road. ASK Property Fund, the real estate private equity arm of Blackstone backed ASK Asset & Wealth Management Group, will invest Rs 120 crore in the project while Trevoc is investing Rs 80 crore. In October last year, through an auction held by the Haryana Shahari Vikas Pradhikaran (HSVP), the state urban development authority, a two-acre plot in Sector 56 was auctioned for Rs 120 crore to Trevoc.

Union Bank of India has launched a special fixed deposit termed Union Sumvridhi 333, offering higher interest rates.

SBI Balanced Advantage Fund has achieved a milestone of completing three years. It is an open-ended dynamic asset allocation fund. The scheme is benchmarked against NIFTY 50 Hybrid Composite Debt 50:50 Index. The fund is managed by Dinesh Balachandran, Rajeev Radhakrishnan, Mansi Sajeja, and Pradeep Kesavan. Also Read | This defence mutual fund yielded 85% return since inception. Time to make allocation in this sector?

Karnataka Chief Minister Siddaramaiah on Thursday urged citizens in the state to maintain peace and restraint, a day after violent clashes erupted between two religious groups during a Ganesh idol procession in Mandya district's Nagamangala. He blamed miscereants for the stone pelting incident, alleging that they want to disrupt peace and harmony. The Karnataka CM also took this opportunity to issue a stern warning against any sort of provocation that might put the state's security at risk.

Paris Games. In a 43-second video shared by the sports ministry, the PM can be seen congratulating the medal winners before an interaction with them. Sports minister Mansukh Mandaviya and Paralympic Committee of India (PCI) head Devendra Jhajharia were also present during this interaction. Wheelchair-bound shooter Avani Lekhara, who won a second successive Paralympic gold in women's 10m air rifle (SH1) and visually-impaired judoka Kapil Parmar, India's first Paralympic medal-winner in the sport, were among those who were seen posing with the PM.

Supreme Court on Thursday stayed National Green Tribunal order restricting the number of persons to 30 who can be part of a 'dhol-tasha' group involved in an idol immersion of Lord Ganesh. Let them do 'dhol-tasha', it is heart of Pune, said SC on staying NGT direction capping numbers in group performance during Ganesh festival. A bench comprising Chief Justice D Y Chandrachud and Justices J B Pardiwala and Manoj Misra heard the case.

India's top electric vehicle maker, Tata Motors, is luring consumers with free charging and steep discounts, while rival MG Motor has launched its first battery rental plan, in strategies aimed at propping up sales of the clean cars. Use of electric vehicles (EVs) has grown rapidly in recent years to account for 2% of India's annual sales of 4.2 million cars, but sales growth is now faltering, which analysts blame on high prices and lack of charging facilities. «We want to make electric vehicles affordable,» Satinder Singh Bajwa, chief commercial officer of MG Motor, said at an event to launch the firm's new EV with a battery rental service, the world's first of its kind.

Bharti Airtel has partnered with Italy’s international service provider Sparkle to access capacity on Blue-Raman Submarine Cable Systems connecting India and Italy. The two companies will also work together on the development of new business opportunities and projects in the Indian sub-continent, leveraging their respective cable infrastructures, Airtel said in a statement on Thursday. “We are happy to partner with Sparkle as we further consolidate our leadership in global connectivity,” Vani Venkatesh, CEO -Global Business, Airtel Business said. “This partnership will further diversify our network with large integrated capacities to meet the ever-growing connectivity needs and data demand of our customers”.

India (SEA). «The overall import of vegetable oils during the first ten months of the current oil year (November 2023 to August 2024) is reported at 136.8 lakh tonnes compared to 141.2 lakh tonnes during the same period of last year; down by 3%,» said SEA in a media release. The trade estimate for import of edible oils during September and October is about 27 to 28 lakh tonnes. «The total import of cooking oils during the 2023-24 oil year is likely to be 160 -165 lakh tonnes, which is similar to the previous year. The total stock as on September 1, stands at 29.25 lakh tonnes, up by 23,000 tons from the 29.02 tonnes reported on August 1, 2024,» said SEA.

Indian Administrative Service (IAS) officer Puja Khedkar's response on a plea by the Union Public Service Commission (UPSC) seeking initiation of perjury proceedings against her for allegedly giving false statement and affidavit in the court. Justice Jyoti Singh issued notice to Khedkar on the UPSC's application and granted her three weeks to file reply to it. The court listed the matter for further hearing on November 26. The UPSC contended that the July 31 communication by which Khedkar's candidature was cancelled was communicated to her on her registered email id the same day. It said it was the same email id, which was registered in her online application for the Civil Service Program (CSP) 2022.

The scheme is benchmarked against BSE 250 Large Midcap TRI and is managed by Sanjay Chawla and Miten Vora. This fund has offered 49.78% returns in the last one year and 22.04% in the last three years. Launched in September 2020, the scheme has offered 29.84% returns since inception.

palm oil imports in August fell more than a quarter from a month ago, primarily driven by sufficient domestic stocks and negative margins that discouraged refiners from purchasing more of the tropical oil, a leading trade body said on Thursday. Lower purchases by the world's biggest importer of vegetable oils could lead to higher stocks of palm oil in key producers Indonesia and Malaysia, weighing on benchmark futures. India's palm oil imports fell 26% in August from July to 797,482 metric tons, the Solvent Extractors' Association of India (SEA) said in a statement.

Army officers and their female friends were attacked by a group of men who gang-raped one of the women at gunpoint near the historic Jam Gate. Commenting on the incident, Additional SP Rupesh Dwivedi said on Wednesday night that six suspects had been identified, two of whom have been detained from the jungles. Both Army officers were injured in the mob attack. One of them managed to dial his senior officers but by the time police arrived from Mhow, 30km away, the woman had already been gang-raped. The two Armymen are undergoing the Young Officers course at Infantry School, Mhow, SP Rural Hitika Vasal said. According to the complaint filed by one of the lieutenants, the four of them had driven to Ahilya Gate near Jam Gate on Mhow-Mandleshwar road on Tuesday night.

Ruturaj Gaikwad, will keep the same team, while India B strengthens its squad with Rinku Singh joining Sarfaraz Khan and Musheer Khan. PTI reports that the BCCI has rested several key players ahead of the second round, scheduled to start on September 12. These players were selected for the first Test against Bangladesh. Rishabh Pant, K L Rahul, and Shubman Gill have been given a break, along with Akash Deep, Kuldeep Yadav, Axar Patel, Yashasvi Jaiswal, and Dhruv Jurel. With Shubman Gill in the national team, Mayank Agarwal will captain the India A team. Prasidh Krishna also returns to the India A squad for the upcoming matches and he will closely watched as a pacer option for Border Gavaskar Trophy in Australia.

Previously, the apex court on Wednesday said it will set up a bench to hear subsequent pleas of mineral-rich states like Jharkhand seeking to recover royalty and tax dues on mineral rights and mineral-bearing lands worth thousands of crore of rupees from the Centre and mining firms. Read More: How Tata Steel and JSW Steel will be impacted by SC ruling on mining royalty

The prank unfolded when Niharika left her laptop unattended. Her colleagues seized the opportunity to craft a humorous message that appeared to come from her. The message, which was sent to an entire Slack channel, read: “Hey guys, sharing a life update, getting married in February. Please keep 5 PM free for a small brownie party.”

Anil Kuldip Mehta, who tragically commited suicide by jumping off the terrace of his Mumbai home on Wednesday morning. Following this, Malaika shared a heartbreaking post on Instagram addressing the incident. However, her father’s surname has caused confusion among fans, as many had believed his last name was Arora. This discrepancy sparked several questions and speculations online.

Haryana polls after it failed to strike an alliance with INDIA bloc member Congress. With the sixth list, the party has now announced 89 candidates for 90-members assembly. Previously on Wednesday, AAP released its fourth list of 21 candidates for the upcoming Haryana Assembly elections. AAP has so far declared 61 candidates for the 90-member assembly.

Prestige Estates Projects plans to use the Rs 5,000 crore it raised through qualified institutional placement (QIP) to primarily reduce debt and acquire assets to expand its portfolios nationwide. “We plan to allocate approximately Rs 1,500 crore towards debt reduction (and) Rs 1,750 crore for land acquisition,” Irfan Razack, chairman and managing director of Prestige Group, told ET in an interview. “The remaining funds will be directed towards equity contribution towards capex projects and general corporate purposes,” he said.