RAI Financial News

Raj Kumar Pal struck a hat-trick as title-holders India sealed a semifinal spot after thrashing Malaysia 8-1 for their third consecutive win in the Hero Asian Champions Trophy, here on Wednesday. Apart from Raj Kumar (3rd, 25th and 33rd minute), Araijeet Singh Hundal (6th and 39th minute), Jugraj Singh (7th minute), skipper Harmanpreet Singh (22nd minute), and Uttam Singh (40th minute) sounded the board for India. For Malaysia, Akhimullah Anuar (34th minute) managed the solitary strike. India are currently on top of the standings with nine points from three wins.

bankruptcy court Wednesday admitted Jammu and Kashmir Bank's application to initiate insolvency proceedings against Essel Infraprojects Ltd, a company promoted by media baron Subhash Chandra, over what the lender claimed was an 'established case' of default. The Mumbai bench of the National Company Law Tribunal (NCLT), while admitting the company, has also appointed Hemant J Mehta as interim resolution professional (IRP). The private-sector lender had approached the tribunal after the Essel Group entity defaulted on its dues of ₹87.43 crore. «The financial debt is due and payable by the corporate debtor (Essel Infraprojects) as on the date of filing the present company petition,» observed the division bench of judicial member Reeta Kohli and technical member Madhu Sinha in its order. «Further, there is admission of default and outstanding liability by the corporate debtor in various correspondences annexed to the company petition,» it added.

Arunachal Pradesh Chief Minister Pema Khandu pointed to the success of the Vibrant Village Programme, noting the transformative changes it has brought. Ongoing projects include the construction of 1,022 km of roads to connect 124 habitations. He attended the Border Area Development Conclave today, with Union Defence minister Rajnath Singh as the chief guest. The event organized by the Indian Army and Centre for Land Warfare Studies, was also graced by Union Minister Gajendra Singh Shekhawat. Khandu emphasized the importance of the conclave in enhancing the development of border regions and outlined the critical role Arunachal Pradesh plays in national security and development.

Netflix has announced Yerin Ha as Sophie Baek, the love interest of Benedict Bridgerton in 'Bridgerton' Season 4.

SFBs) have raised their fixed deposit rates to more than 8% for a two- year tenure as they scramble with the giants, such as State Bank of India and HDFC Bank, to garner funds from ordinary savers in a market where alternative investment options have multiplied over the past couple of years. SFBs are offering 100-125 basis points higher on deposits than what they offered a year ago. The returns are also about 120 basis points more than what the big banks such as SBI and HDFC Bank offer. Utkarsh SFB and Suryoday SFB are offering 8.5% on two-three year tenures, while Equitas SFB is offering 8.5% on a tenure of two years to less than three years. Unity SFB is offering 9% on 1,001 days.

Union Cabinet, under PM Narendra Modi, on Wednesday approved the implementation of the Pradhan Mantri Gram Sadak Yojana — IV (PMGSY-IV) for FY 2024-25 to 2028-29 with a total outlay of Rs 70,125 crore. «The financial assistance is to be provided for the construction of 62,500 km of road to provide new connectivity to 25,000 unconnected habitations and for the construction and upgradation of bridges on these new connectivity roads. The total outlay of this scheme will be Rs 70,125 crore,» the government said in a press release. Also Read | Cabinet expands Ayushman Bharat scheme for 70+ old citizens, boost for hydropower sector and more: Check highlights

Deloitte has won the mandate for resolution of Jaiprakash Associates- the largest insolvency case currently, which has claims of over Rs 51509 crore and assets ranging from real estate to cement business, said a stock exchange disclosure. Deloitte will replace PwC for the sale process of Jaiprakash Associates, which is undergoing corporate insolvency and resolution process. Lenders had appointed Bhuvan Madan as the resolution professional. Going forward, Deloitte will support the RP, thus replacing PwC, said people with knowledge. Lenders have also approved a resolution to appoint legal firm Shardul Amarchand Mangaldas as legal advisor for the RP, and BDO LLP is appointed to carry out agency for specialised monitoring (ASM) related assignments for the company.

India will buy soybeans from farmers of the central state of Madhya Pradesh at state-set support prices to help growers reeling from a crash in domestic rates for the oilseed, a government statement said on Wednesday. India uses soybeans to manufacture soyoil, which helps the country cut its hefty edible oil imports, while the by-product soymeal is used for animal feed and exported mainly to Southeast Asia and the Middle East. Farmers plant soybeans during the monsoon season in June and July and harvest the main summer oilseed crop from October.

Nagaland cabinet on Wednesday denied permission for the proposed Gau Dhwaj Sthapana Bharat Yatra in Kohima. The Yatra is to promote nationwide ban on cow slaughter and is scheduled to arrive in Kohima on September 28. On Wednesday, Minister for Forest, Environment & Climate Change, and Village Guards CL John, also a government spokesperson, said the Cabinet decision was made after considering the opposition voiced by various civil society organisations and political parties.

Chandigarh's upscale Sector 10 on Wednesday evening. The house owner claimed that two individuals in an auto-rickshaw hurled a grenade at the property. While there were no casualties, the blast damaged windows and garden pots, according to police. Chandigarh Senior Superintendent of Police (SSP) Kanwardeep Kaur, along with a team of officers, reached the scene shortly after receiving information around 5:30 pm.

Defence Ministry has given approval to the Indian Navy's plans worth over Rs 2,500 crore to build 100-tonne unmanned underwater vessels. The proposal for building the 100-tonne unmanned underwater vessels was given clearance at a high level defence ministry meeting held recently, defence sources told here. The underwater vessels in the Extra Large category would weigh over 100 tonnes and would be

Dickey Alternative Investment Trust and Adani Power Ltd on Wednesday moved the Supreme Court challenging the National Company Law Appellate Tribunal's order asking it to maintain status quo on implementation of the consortium's resolution plan for debt-laden Coastal Energen. A Bench led by Chief Justice DY Chandrachud posted the matter for hearing on Thursday after Solicitor General Tushar Mehta and senior counsel Abhishek Manu Singhvi sought urgent hearing in the case. While observing that prima facie due process was not followed and members of the consortium should not be allowed to make any gains, the NCLAT on Friday directed that the erstwhile resolution professional would continue to run Coastal Energen's power plant in Thootukudi, Tamil Nadu, until September 18, the next date of hearing. And any money generated during this period would be kept in an escrow account, it held.

Congress President Mallikarjun Kharge heavily criticised the Bhartiya Janta Party and Prime Minister Narendra Modi during a press conference at Srinagar on Wednesday. Kharge launched a scathing attack on PM Narendra Modi, saying that whatever building or developmental initiatives that were launched by the PM have collapsed or are leaking. «The BJP has not done anything in the last 10 years, where ever a bridge was inaugurated, that bridge collapsed. Ram Mandir was inaugurated, the roof is leaking now. Wherever PM Modi inaugurates anything, this has happened. People say his touch is pure, but I don't know what touch he has. Not only that, wherever there is a flood, there is no money for flood relief. This is the situation of the nation,» he added.

Donald Trump and Kamala Harris, the US presidential candidates, engaged in a highly charged debate yesterday. According to Polymarket data, the debate resulted in a tie, with US Vice President Harris receiving a 3% gain and cryptocurrency receiving no mention at all. The courteous handshake that opened the 90-minute ABC News-hosted debate swiftly gave way to a contentious discussion of leadership and policies. During the debate, hot-button issues like Bitcoin and cryptocurrency were not much deliberated upon. However, during the discussion, Bitcoin's price rose above $56,000. After starting with 52% of the vote in favour of Donald Trump, the debate concluded with 49% of the vote going to each candidate. According to a different Polymarket survey, 98% of respondents think Kamala won the debate.

Haryana Assembly elections. AAP has so far declared 61 candidates for the 90-member assembly. Among the candidates announced on Wednesday are Raj Kaur Gill from Ambala Cantonment, Lalit Tyagi from Yamunanagar, Joga Singh from Ladwa, Satbir Goyat from Kithal, Sunil Bindal from Karnal, and Sukhbir Malik from Painpat Rural. The other names in the list include Saroj Bala Rathi from Ganaur, Devender Gautam from Sonipat, Shiv Kumar Rangeela from Gohana, Sandeep Malik from Baroda, Kavita Dalal from Julana, Nisha Deshwal from Safidon, Sukhwinder Singh Gill from Tohana, Jasdev Nikka from Kalanwali, Sham Mehta from Sirsa, Narender Uklana from Uklana, Rajiv Pali from Narnaund, Rajender Sorkhi from

Willie Walsh, director general of International Air Transport Association (IATA) said. Giving a major relief to foreign airlines, the Goods and Services Tax (GST) Council on Monday decided to exempt import of services by an establishment of a foreign airline. The relief was given citing that Indian carriers get similar tax benefits abroad. “The issue was becoming concerning for the airlines. But with this change in regulation, it looks to be very optimistic for India,” Walsh said on the sidelines of the Asia Pacific Ministerial Conference on Civil Aviation being held at New Delhi.

NIA court. The explosions took place in and around the Gandhi Maidan here during an election rally addressed by Narendra Modi, who was then the Gujarat chief minister and the BJP's prime ministerial candidate. Talking to PTI, NIA special public prosecutor Manoj Kumar Singh said, «The division bench commuted the death sentence awarded to four persons convicted in the 2013 serial blasts at Gandhi Maidan to 30 years of imprisonment. The four are Haider Ali, Noman Ansari, Mohd Mujibullah Ansari and Imtiyaz Alam».

Responding to their email, Chief Secretary Manoj Pant has invited a delegation of 12-15 doctors to state secretariat Nabanna. “The representative team of junior doctors should have 30 members and be streamed live for transparency,” a junior woman doctor said, adding, “We are hurt that the administration has failed to respect the sentiments of the female doctors who have been at the forefront of the movement and refused to address their security concerns.” She was mentioning yesterday's invitation by the state Health Secretary for a meeting last evening.”

Texas gas station has hit the winning Mega Millions jackpot worth $800 million on Tuesday. This marks the end of more than 20 drawings without a jackpot winner. The winning ticket, purchased at Murphy USA 8848 in Sugar Land, Texas, had the numbers 1, 2, 16, 24, 66, and the Mega Ball 6. For selling the ticket, the store will receive $1 million. The prize winner can choose annual payouts totaling $800 million or a one-time cash option of $404.2 million. Texas law allows winners of prizes over $1 million to remain anonymous.

Nazara Technologies has acquired a 15.86% stake in esports community platform Stan for Rs 18.4 crore ($2.2 million) in an all-cash secondary transaction. The investment was made through Nazara's wholly-owned subsidiary, Nazara Dubai FZ. Founded by Parth Chadha, Nauman Mulla and Rahul Singh, Stan is an esports fan engagement startup that offers a mobile-first platform, enabling gamers to connect and support content creators with various tools.

Kiren Rijiju on Wednesday hit out at Congress leader Rahul Gandhi over his remarks on minorities and said they are the safest in India. Responding to a question on Gandhi's remarks in the US that RSS considers some religions, languages and communities inferior to others, Rijiju said, «No matter the amount of effort made, India cannot be defamed because India's Constitution and culture do not differentiate between people.» He said people who want to defame India with the help of anti-India forces will not succeed. The Minister for Minority Affairs who also holds the Parliamentary Affairs portfolio pointed out that minorities in India's neighbourhood come here if something wrong happens to them there.