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24.05 / 10:19
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Pune Porsche Crash: Police reveal 'efforts to frame driver, lapses by some cops' – what we know so far
ALSO READ: Pune Porsche crash: Teen's grandfather, linked to Chhota Rajan in Shiv Sena leader's murder bid, questioned by police"We are investigating these things and will take action against those who made such attempts, under section 201 (destruction of evidence) of the IPC," Kumar was quoted by news agency PTI as saying."It is true that at the start the driver had said that he was driving the car...We are investigating this part also under whose pressure the driver made that statement we are investigating it," the Pune Commissioner of Police said.What we know so far:1. Lapses: The Pune Police chief said an internal inquiry has pointed to lapses on the part of some cops while registering the case, and action will be taken against them.2. 'Minor was driving car': Police said police are investigating and collection evidence to support its argument that the accused teen was driving the car."During our investigation, it clearly emerged that the juvenile was driving the car, and we have already collected all the necessary chronological evidence.
24.05 / 10:19
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'Hands-off approach' needed: SC refuses to direct EC to upload voter turnout data amid Lok Sabha elections
Also Read:Lok Sabha Elections 2024: 60% updated voter turnout in phase 5 polling, slightly less than 2019The court stated that it cannot issue any such directions at the moment as five phases of polling have concluded and two remain and it would be difficult for the poll panel to mobilise manpower.The apex court also adjourned the interlocutory application (IA) filed by the Association for Democratic Reforms (ADR) to be listed before the regular bench after the elections, reported PTI.The court pointed out that prima facie it appears the prayers in the application are similar to the main petition pending since 2019 on the issue."This (IA) has to be taken with the pending writ petition because in between the elections, a hands-off approach has to be adopted," the court said."Granting any relief in IA will amount to granting relief in the main petition which is pending," PTI reported quoting the bench.Also Read: 'Could be exploited…': ECI opposes release of booth-wise voter turnout data, files affidavit in Supreme CourtIt said it needs to understand the ground reality and not overburden the poll panel by changing the process midway.The ADR has filed an interim application in its 2019 PIL seeking directions to the poll panel that "scanned legible copies of Form 17C Part-I (Account of Votes Recorded)" of all polling stations be uploaded immediately after the polls.On May 17, the top court had sought within a week the Election Commission's response on the NGO's plea seeking a direction to upload polling station-wise voter turnout data on its website within 48 hours of the conclusion of polling for each phase of the Lok Sabha elections.Also Read: 'Correct star campaigners' discourses': EC raps Congress and BJP, asks them to
24.05 / 09:53
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Mint Explainer: What does RBI’s record dividend payout to the government mean?
announced a record dividend payout of ₹2.1 trillion to the government for the fiscal ended 31 March 2024 (FY24). This is higher than the government’s budget estimate and analysts' expectation of ₹1 trillion, and 141% larger than the ₹87,416-crore dividend payout in FY23. The central bank has also raised the contingency risk buffer (CRB) to 6.5% from 6% in the previous year.
24.05 / 09:53
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Transformers & Rectifiers stock hits 5% upper circuit on ₹161 crore order win
₹620 apiece following a significant order win.In an exchange filing on Thursday, the company announced that it received an export order from AL Anwaar International for a "T&R" MAKE 90 MVA, 132/33 KV Transformer with fittings and accessories, worth ₹161 crore.In February, the company secured an order worth ₹232 crore from the Power Grid Corporation of India. Over recent months, TRIL has received multiple orders, bringing its unexecuted order book to 44,594 MVA valued at ₹2,581 crore as of March 31, according to the company's Q4 earnings report.
24.05 / 09:53
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Dombivli factory blast caught on camera, death toll rises to 11 - Key updates
killing at least 11 people and injuring 60 others.3) Those injured in the blast are undergoing treatment at AIMS, Neptune and Global hospitals.4) The blast was heard a kilometre away. Glass windows of adjoining buildings cracked.5) Large pieces of the reactor of the Dombivli chemical factory fell 1 kilometre away and the lid of the reactor fell 200 meters away on a factory, reported ANI.Also Read | Maharashtra news: Boiler blast triggers fire at Dombivli chemical factory5) Maharashtra CM Eknath Shinde has ordered a detailed inquiry into the incident.
24.05 / 08:55
Provident
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Delhi High Court orders BharatPe Co-founder Ashneer Grover, wife to provide ₹80 crore security for US travel
₹80 crores before travelling to the United States. They must furnish the security by way of property and submit their Emirates Card to ensure they do not travel to the United Arab Emirates (UAE), as they hold “golden visas," as per Hindustan Times report.Also Read | Mahindra & Mahindra Financial Services share price Today Live Updates: Mahindra & Mahindra Financial Services Stock Up in Trading TodayThe court has allowed the couple to travel separately to the US for their children's summer school after consulting with the Economic Offences Wing regarding their travel conditions.Also Read | Tech Mahindra share price Today Live Updates: Tech Mahindra Stock Falls Amid Market VolatilityAccording to the Hindustan Times report, they must share details of their stay, including hotel accommodations, travel plans, and phone numbers, with the court and the investigating agencies.According to the court's schedule, Ashneer Grover will leave for the US on May 26 and return to India on June 14, while Madhuri Jain Grover will travel to the US on June 15 and return to India on July 1, as per the report in HT.Also Read | Apollo Tyres share price Today Live Updates: Apollo Tyres Stock Plummets in Trading TodayAdditionally, the court has directed the couple not to create any third-party rights on the shares of BharatPe that they hold.
24.05 / 08:55
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Citi
MET
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Petronet LNG Q4 a letdown amid diversification, competition risks
₹1,104 crore in Q4 on revenue of close to ₹13,800 crore. Natural gas prices have declined to less than one-third from a peak of $9.3 per mmbtu (Henry-Hub) in August 2022. Petronet’s Dahej plant achieved capacity utilization of 97% in Q4, up from 77% a year ago and the highest in the last ten quarters.
24.05 / 08:55
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Helicopter carrying pilgrims makes emergency landing in Kedarnath | Watch video
Kedarnath after developing a technical snag early on Friday. An official said the chopper landed a few metres from the helipad at the Himalayan temple. He informed that all seven people, including six pilgrims and the pilot, are safe.
24.05 / 08:05
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PI Industries shares down 0.45% as Nifty gains
PI Industries Ltd. traded 0.45 per cent down in Friday's trade at 01:02PM (IST). Around 7,240 shares changed hands on the counter. The counter opened at Rs 3660.05 and touched an intraday high and low of Rs 3682.2 and Rs 3597.2, respectively, in the session so far. The stock of PI Industries Ltd. quoted a 52-week high of Rs 4032.0 and a 52-week low of Rs 3060.0.
24.05 / 08:05
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Colgate-Palmolive
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Colgate-Palmolive shares down 0.84% as Sensex rises
Colgate-Palmolive (India) Ltd. fell 0.84 per cent to Rs 2690.65 in Friday's session as of 01:08PM (IST) even as the equity benchmark Sensex traded 122.64 points higher at 75540.68. Earlier in the day, the stock witnessed a gap up start to the session. The stock quoted a 52-week high price of Rs 2961.15 and a 52-week low of Rs 1567.65 on NSE. Around 3704 shares changed hands on the counter till 01:08PM (IST).
24.05 / 08:05
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Profiles
Confident of delivering 20% plus value growth for coming year: Ramanpreet Sohi, Honasa Consumer
«I think from the way our business is shaping up, the way we are looking at going deeper from a distribution perspective, building a younger brand, we are very confident of delivering plus 20% kind of value growth for the coming year,» says Ramanpreet Sohi, CFO, Honasa Consumer. It has been a good all-round performance for you, at least for the quarter gone by. Directionally, things are moving in the right spirit. I want to first understand with the growth, what you have reported, revenue growth of 20% and volume growth numbers which you have reported for the first time also is 20% plus. 20%, will that sustain for FY25 and are we likely to see a build up on that? No, of course, I think from a quarter perspective, pretty decent quarter for us. We have delivered about 23% value growth and volume growth is coming at 27%. And in fact, for the year, our volume growth was, in fact, about 40% and value growth for year perspective was plus 30%.
24.05 / 08:05
security
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War
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Top Russian military officials are being arrested. Why is it happening?
defense minister. Then the head of the ministry's personnel directorate was hauled into court. This week, two more senior military officials were detained. All face charges of corruption, which they have denied. The arrests began after President Vladimir Putin began his fifth term and shuffled his ally, longtime Defense Minister Sergei Shoigu, into a new post. It immediately raised questions about whether Putin was reasserting control over the Defense Ministry amid the war in Ukraine, whether a turf battle had broken out between the military and the security services, or whether some other scenario was playing out behind the Kremlin's walls.
24.05 / 08:05
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IRCTC shares down 0.57% as Nifty gains
The counter opened at Rs 1122.7 and touched an intraday high and low of Rs 1124.65 and Rs 1108.0, respectively, in the session so far. Shares of the company of Indian Railway Catering & Tourism Corporation Ltd. quoted a 52-week high of Rs 1148.3 and a 52-week low of Rs 614.45.
24.05 / 08:05
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Indian movies, shows clock over 1 billion views on Netflix in 2023, says streamer in new report
movies from India clocked over 1 billion views on Netflix in 2023, the streaming service said on Friday in its second engagement report. The report, titled «What We Watched: A Netflix Engagement Report», presented the streaming service's viewership data for the period of July to December 2023. Subscribers across the world watched about 90 billion hours of content on Netflix in the second half of 2023. From India, Sujoy Ghosh's «Jaane Jaan» was the most watched movie on Netflix with 20.2 million views, followed by Shah Rukh Khan's «Jawan» with 16.2 million views and Vishal Bhardwaj's "Khufiya" with 12.1 million views.
24.05 / 07:31
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Matrix
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HUL revises its Board's skill matrix to keep pace with changing biz needs
HUL: Is another weak quarter a cause of panic for investors?"In view of the above, the Board of Directors based on the recommendation of the Nomination and Remuneration Committee approved and adopted the revised Board Skill Matrix of the Company on 26th February, 2024," the report added.HUL will become among the first of the large companies which officially adopts an additional set of skill sets that its Board must have. Wile earlier some of the prominent skill sets were defined as a must have for the Board, this is the first time HUL has measured the extent of these skill sets that the directors have.According to the skillset statistics shared in the report, HUL found out that while 92% of its Board had leadership experience, barely 33% were aware about the details of cybersecurity, data governance and information technology.
24.05 / 07:31
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ITC Q4 results review: Should you buy, sell or hold the FMCG major? Here's what 5 top brokerages say
₹435 and ₹515.The stock declined around 1 percent to its day's low of ₹436.90 in intra-day deals today, Friday, May 24. It has now corrected 12.5 percent from its peak of ₹499.60, hit in July last year but has advanced over 9 percent from its 52-week low of ₹399.30, hit on March 12, 2024.The stock has been mostly flat, up just 1.5 percent in the last 1 year, and has fallen over 5 percent in 2024 YTD.
24.05 / 07:31
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Healthcare
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Max Healthcare share price falls 5% in 2 days on Q4 results: Should you sell or hold?
₹790 on the NSE, the Max Healthcare share price is down more than 10% from 52-week highs seen in February.Analysts remain positive on growth being fueled by expansions. Analysts at Jefferies India Private Ltd have maintained Buy ratings on Max Healthcare post Q4.
24.05 / 07:31
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Crude oil prices on track for sharp weekly decline amid Fed's hawkish stance, surge in US stockpiles
Also Read: Emkay projects Brent oil price range at $83 to $92 per barrel in the short termTraders remain concerned that prolonged high interest rates in the US will hurt the economic outlook and demand for energy. In the previous trading session, crude oil prices dropped over 0.65% following the release of the Federal Reserve meeting minutes, which indicated a lack of confidence among policymakers regarding imminent interest rate cuts.The minutes showed that while policymakers viewed current policy as "well positioned," some expressed readiness to tighten policy in the event of inflation spikes.
24.05 / 07:31
UPS
Google
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Software
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Their trains were stalled. These hackers brought them back to life.
WARSAW—It’s a nightmare for any laptop user when the innards go haywire and the device freezes up irreversibly—a disaster called “bricking." Now imagine it happening to a 175-ton passenger train. It began with Dolnośląskie Rail, which functions as a sort of MTA of southwest Poland. Much of its rolling stock had been made by the Polish company Newag.
24.05 / 07:31
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Financial
Chaos plagued financial-aid process. How the government botched the rollout.
The Education Department was already more than a year behind schedule on rolling out the new Free Application for Federal Student Aid. Then, last October, staffers were alerted to a major oversight: The formula for determining aid didn’t account for inflation. The system had to go live in December.
24.05 / 06:41
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Crompton Greaves shares fall 0.67 per cent in Friday's trading session
Crompton Greaves Consumer Electricals Ltd. fell 0.67 per cent to Rs 390.95 in Friday's trade as of 11:51AM (IST) even as the benchmark Nifty ruled at 22969.55, up 1.9 points. The scrip had closed at Rs 393.6 in the previous session. The stock quoted a 52-week low of Rs 262.1 and a high of Rs 410.0. The company quoted a market-cap of Rs 25319.12 crore on the BSE.
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