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Rock Memorial, a monument built in tribute to Swami Vivekananda, in Kanyakumari following the culmination of the Lok Sabha polls campaign on May 30, according to BJP leaders.‘Silence period’ is used by the ECI to describe a 48-hour period during which political parties and candidates are not allowed to campaign.Congress in their complaint flagged that the meditation retreat of PM Modi was a violation of the ‘silence period’ in Varanasi that will commence. "The retreat is a “tactic" by the Prime Minister to either keep campaigning or to "keep himself in the headlines," Congress leader Abhishek Manu Singhvi said.“We have complained that PM Modi has announced that he will sit for 'Maun Vrat' from the evening of May 30...

Gold Price Outlook: Motilal Oswal recommends ‘buy on dips’ on yellow metal; pegs upside target to ₹81,000The dollar strengthened by 0.2 per cent compared to other currencies, resulting in higher prices for gold for holders of other currencies. Concurrently, the benchmark U.S. 10-year Treasury yields reached a nearly one-month high.Minneapolis Fed Bank President Neel Kashkari suggested on Tuesday that the U.S.

NEW DELHI:Tata Steel Ltd will invest ₹17,408 crore ($2.11 billion) in its Singapore unit, T Steel Holdings Pte Ltd, to fund the restructuring of its struggling UK business as well as repay the debt of its offshore entities.Tata Steel will also be writing off $565 million of existing debt to T Steel, converting it into equity shares, Asia’s oldest steelmaker said in regulatory disclosures on Wednesday. The investment in T Steel, a holding company for the shares of Tata Steel’s overseas subsidiaries, will be done over the course of 2024-25.Tata Steel reported a 65% year-on-year decline in its consolidated profit, to ₹554 crore, for the quarter ended 31 March, missing Street estimates.

Kiren Rijiju said, "It is not official yet. Temperature of 52.3°C in Delhi is very unlikely.

Famed short seller Jim Chanos called a lawsuit accusing him of embezzling funds for personal use, «false, baseless and defamatory.» Chanos gave the statement to CNBC's Scott Wapner in response to allegations made by a former investor in Chanos & Co. Conlon Holdings, a Chicago-based firm run by Sean Conlon, filed the suit in New York State court over the weekend, alleging that Chanos used his firm as a «piggy bank» with $10 million of outstanding loans that he borrowed from his company over more than a decade. The suit was originally reported by Bloomberg News.

water scarcity in India represents an opportunity for companies positioned as “solution providers” said a report by J P Morgan “Those with a product or service that either improves water efficiency, alleviates water stress, improves the availability of water or removes the need for water from a process entirely.” the report said

private equity firm General Atlantic Singapore is likely to sell up to 6.8% equity in KFin Technologies at an estimated floor price of Rs 712.5 per share, which is a 4% discount. The total deal size, including the green shoe option, is 1.17 crore, moneycontrol.com reported, citing CNBC TV18. The base issue size is set at Rs 500 crore and can be upsized to Rs 833.3 crore, the report said citing sources.

Europe may have read it in books as the outbreaks are mostly confined to the tropics of the world. This may not be the case anymore, as a report indicates that the region will experience a greater number of cases in the coming years.

Congress on Wednesday alleged that Prime Minister Narendra Modi was trying to «circumvent» the silence period restrictions with his 48-hour meditation trip from May 30 in violation of the model code of conduct and urged the Election Commission to ensure that it is not aired by the media. A delegation of Congress leaders Randeep Surjewala, Abhishek Singhvi and Syed Naseer Hussain met the Election Commission and handed over a memorandum with complaints of alleged model code violations by the BJP. The Congress claimed that the meditation programme by the prime minister in Kanyakumari's 'Dhyan Mandapam" was a clear violation of the silence period ahead of the June 1 voting in Modi's Varanasi constituency and other seats. It was also in breach of the Model Code of Conduct and provisions under the Representation of the People Act, 1951, the opposition party contended.

Reserve Bank of India's deputy governor pointed out that asset reconstruction companies (ARCs) have been 'conduits to the evergreening of distressed assets', and some of them have 'used innovative structures to circumvent regulations'. Directing ARCs to adopt a regulation-plus approach, the DG said that ARCs' performance is less than optimal. J Swaminathan, DG, stated this at a conference in Mumbai on May 17 with senior officials from the ARC industry. «During our onsite examinations, we have come across instances where ARCs have been used or allowed themselves to be used, if I may say so, as a conduit to evergreen distressed assets,» Swaminathan stated.

TPG Asia is reportedly selling its entire stake in wire and cable manufacturer RR Kabel through block deals. According to media reports, TPG Asia will offload about 5% stake or just over 56 lakh shares at around Rs 1,718 apiece. This values the deal at around Rs 1,000 crore.

TORONTO — Fitch Ratings Inc. says it has downgraded its outlook on TD Bank Group to negative from stable because of the potential fallout from anti-money laundering deficiencies at the bank.

MONTREAL — National Bank of Canada reported a second-quarter profit of $906 million, up from $832 million a year earlier, and raised its dividend.

image of refugee tents on a vast piece of land has become incredibly viral amid the Israel-Hamas War, which is currently at its peak. The image contains a bold text that reads, "All eyes on Rafah," which is currently the home for thousands of Palestinians who have been displaced from the Gaza Strip. Rafah, an area in the south of Gaza, bordering Egypt, was bombed by Israeli forces. This caused the loss of lives of at least 45 civilians, along with many injured, according to an 'NBC' report.

Puneet Kumar, founder and former chief executive of morning grocery delivery service Supr Daily, has joined Nexus Venture Partners, which has backed the likes of Zepto, Unacademy and Postman. “Excited to join @NexusVP as a Venture Partner and pay it forward to the startup ecosystem,” Kumar wrote in a post on microblogging platform X.

Reserve Bank of India imposed a monetary penalty of Rs 36.38 lakh crore HSBC Limited for violation of reporting requirements under the Liberalised Remittance Scheme. The Reserve Bank found that the violations were substantiated and warranted imposition of penalty even after the banks’ written reply to the show cause notice issued by the regulator. This action is based on the deficiencies in regulatory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered into by the bank with its customers, the Reserve Bank said in a release.

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water stock in nearly 3,000 dams in Maharashtra has dropped to 22 per cent of their total storage capacity, with the Chhatrapati Sambhajinagar division recording the lowest at 9.06 per cent, an official report said on Wednesday. There are 2,997 dams in the state where 22.64 per cent of the total storage capacity is available for use as of Wednesday.

increase of 43 per cent over the last five years in the assets of 324 MPs who have entered the poll fray again in this Lok Sabha elections, according to an analysis by a poll rights body. The average assets of these MPs in 2019 was around Rs 21.55 crore while in the current electoral cycle, the average asset value has increased «significantly» to Rs 30.88 crore, marking an increase of Rs 9.33 crore over the past five years, the Association for Democratic Reforms (ADR) said in a report. It analysed the financial growth among Members of Parliament (MPs) recontesting in the 2024 general elections. The counting of votes for the seven-phase polls will be taken up on June 4. The percentage growth in assets for these 324 MPs between the 2019 and 2024 polls averages at 43 per cent, the ADR said.

SIP contribution by mutual fund investors has grown over two times in Narendra Modi’s second term as PM from Rs 8,183 crore in May 2019 to Rs 20,371 crore in April 2024 (last available data for comparison), an analysis by ETMutualFunds showed. The number of SIP accounts has also increased from 2.73 crore in June 2019 to 8.70 crore in April 2024, according to the monthly data released by the Association of Mutual Funds in India (AMFI). The number of mutual fund folios have surged by around 118% from 8.32 crore in May 2019 to 18.14 crore April 2024, according to the data of folios released by AMFI.

Reserve Bank of India barred Edelweiss Asset Reconstruction Company Limited (EARCL) from acquiring financial assets based on material concerns during a supervisiory examination, the central bank said on Thursday. RBI also directed ECL Finance to stop undertaking structured transactions with respect to its wholesale exposures. This excludes repayment and closure of accounts in the normal course of business. «The Reserve Bank of India has directed EARCL to cease and desist from acquisition of financial assets including security receipts (SRs) and reorganising the existing SRs into senior and subordinate tranches,» the statement read.