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aarti at the grand Ram temple. This is PM Modi's first visit to Ayodhya after the Ram Lalla idol's consecration on January 22, 2024. The Prime Minister offered prayers at the Ram Janmabhoomi Temple amid toght security in Ayodhya on Sunday ahead of the third phase of the Lok Sabha Election 2024.

Here are top 5 news of the day: Belstar Microfinance Ltd submitted draft red herring prospectus (DRHP) to the Securities and Exchange Board of India (Sebi) to raise ₹1,300 crore through an initial public offering (IPO). According to the draft red herring prospectus (DRHP), the initial public offering (IPO) of the Chennai-based company comprises a ₹1,000 crore fresh issue of equity shares and an offer-for-sale (OFS) of ₹300 crore by existing investor shareholders.

Ayodhya, Uttar Pradesh, where he offered prayers. Ayodhya will be voting in the fifth phase on May 20. Lok Sabha elections are being held in seven phases till June 1 and the counting of votes in all seats is scheduled for June 4. The polling in Uttar Pradesh, which sends the most members to the Lower House, at 80, is being held in all seven phases of the parliamentary elections. Voting in 16 seats was completed in the first two phases.

foreign policy today affects every citizen, External Affairs Minister S Jaishankar said that if India had not been clear on the Russia-Ukraine war, petrol price would have gone up. Highlighting the pressure and the problems India faced, Jaishankar said, «Look at one example. We had this pressure on Russia and Ukraine. We were clear. Suppose we had not been clear. Suppose we had said. Sorry. Sorry. You are saying it very strongly. We will not do what we did. Your petrol price would have gone up by Rs 20 because of that.» «We take a stand on foreign policy for average citizens,» he said during an interactive session in Odisha's Cuttack.

Indian Overseas Bank has made concerted efforts for a reduction in Non-Performing Accounts and has adopted a multi-pronged approach to ensure a maximum recovery from such accounts. The measures taken by the city-headquartered bank have yielded a decline in Gross NPA to 3.90 per cent as of December 31, 2023, from 11.69 per cent recorded as of March 31, 2021, the bank said in a statement here. To sustain and bolster this momentum, the bank has published a sale notification that pertains to the sale of 92 NPA loans, aggregating to an outstanding due of Rs 13,471.68 crore. «Indian Overseas Bank in its concerted efforts towards reduction of NPA has embraced a multi-pronged approach to ensure maximum recovery in NPA accounts. IOB has diligently implemented timely recovery measures including Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest (SARFAESI) actions, Compromise Settlement Schemes, and sale to Asset Reconstruction Companies,» the statement said.

Financial Intelligence Unit (FIU) has operationalised an advanced 2.0 version of its information technology system, armed with artificial intelligence and machine learning tools, to check money laundering and terrorist financing crimes in the country's economic channels. The upgrade of the technological backbone was required as the volume of data (suspicious transaction reports) flagged by banks and various other financial institutions to the FIU for analysis and further dissemination to investigative and intelligence organisations has been «increasing», a latest report for the 2022-23 fiscal said. The agency was set up in 2004 to «play a decisive role in India's fight against the menace of money laundering and terrorism financing» under the legal setup of the Prevention of Money Laundering Act (PMLA).

Predator drones at air bases in Sarsawa and Gorakhpur in Uttar Pradesh, for upgrading their surveillance capabilities all along the Line of Actual Control with China from Ladakh to Arunachal Pradesh. The drone deal, expected to be worth around USD 4 billion is being done at tri services level with the Indian Navy leading the negotiations for it with the American side. «The MQ-9B drones require a significant runway length for take off and landing which are available with the Indian Air Force. That is why, the Army dornes are planned to be deployed with the IAF at airbases in Sarsawa and Gorakhpur,» defence officials told ANI.

OpenAI's ChatGPT AI-powered chatbot and Meta's Llama system, which powers the company's chatbots across Facebook and Instagram. The technology behind these systems is known as a large language model (LLM). These are artificial neural networks, a type of AI designed to mimic the human brain. They can generate general purpose text, for chatbots, and perform language processing tasks such as classifying concepts, analysing data and translating text. They acquire these abilities through an intensive process known as training, where the AI system is exposed to vast amounts of data in an effort to improve what it does.

stock trading from Gachibowli, Hyderabad, fell victim to a significant investment fraud totaling Rs 3.37 crore. The scheme commenced with a deceptive invitation via WhatsApp to join a trading group named 'International Stock Trading Account,' purporting to facilitate transactions involving upper circuit stocks.

Nippon Steel says it has postponed the expected closing of its $14.1 billion takeover of U.S. Steel by three months after the U.S. Department of Justice requested more documentation related to the deal

Israeli Prime Minister Benjamin Netanyahu says his government has voted unanimously to shutter the offices of the Qatar-owned broadcaster Al Jazeera in Israel

Colombia has become the latest Latin American country to announce it will break diplomatic relations with Israel over its military campaign in Gaza

South Sudan has removed recently imposed taxes and fees that had triggered the suspension of U.N. food airdrops

A federal report says safety lapses at the Oregon State Hospital contributed to recent patient-on-patient assaults

The Securities and Exchange Commission has charged the auditing firm hired by Trump Media and Technology Group just 37 days ago with “massive fraud” — though not for any work it performed for former President Donald Trump's media company

BSF) on Sunday recovered two drones from different locations in the border area of Amritsar, officials said. «On 5th May 2024, based on information by the BSF intelligence wing regarding the presence of drones in two different locations in the border area of Amritsar district, search operations by BSF troops were conducted in the suspected areas,» the Border Security Force stated. «One drone (a China-made DJI Matrice 300 RTK) at about 06:15 am recovered from the courtyard of an abandoned house of village Hardo Ratan in Amritsar District. One drone (China-made DJI Mavic 3 Classic) at about 08:25 am, recovered from a harvested field adjacent to the village Nestha of district Amritsar,» it added.

Muthoot Finance, submitted draft red herring prospectus (DRHP) to the Securities and Exchange Board of India (Sebi) to raise ₹1,300 crore through an initial public offering (IPO). According to the draft red herring prospectus (DRHP), the initial public offering (IPO) of the Chennai-based company comprises a ₹1,000 crore fresh issue of equity shares and an offer-for-sale (OFS) of ₹300 crore by existing investor shareholders.

Indian stock market: The Nifty index is showing signs of near-term bearishness as it forms a double top pattern on the daily chart, coupled with a bearish engulfing candle. This suggests a sell-on-rise approach in the market. Confirmation of the double top pattern would require follow-up selling in the upcoming week.

Karan Singh getting ticket from the BJP from Kaiserganj, Sitharaman said the allegations have not been proved against Brij Bhushan. "Nothing is proven against Brij Bhushan. Nothing has been proven about it.

Manipur's Koutruk village. Their objective: Keep residents safe from the warring factions of Meitei and Kuki, two communities that have been in conflict since last year. These youngsters, mostly in their late 20s and early 30s, identify themselves as volunteers and say they have taken up the responsibility to keep their own safe as security forces «could not do enough to protect us». Kotruk in the Imphal Valley is one of the many villages in the state that is «protected» by groups which go by the names «Village Volunteers», «Village Volunteer Force», «Village Defence Force» and «Village Protection Force». These groups, officials say, are not associated with any security agency or the armed forces.

Muthoot Finance's microfinance arm, Belstar Microfinance, has filed preliminary papers with capital markets regulator SEBI to raise Rs 1,300 crore through an initial public offering (IPO). Belstar Microfinance, a Non-Banking Finance Company — Micro Finance Institution (NBFC-MFI), offers a wide range of loan products, such as micro-enterprise, small enterprise, consumer goods, festival, education and emergency loans.