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27.05 / 13:05
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8 Kolkata-bound flights diverted to other cities due to bad weather: Officials
Netaji Subhas Chandra Bose International (NSCBI) airport here on Monday after a 21-hour suspension in the wake of severe cyclone Remal, at least eight flights had to be diverted to other cities because of adverse weather conditions. «So far, eight flights bound for Kolkata had to be diverted to other airports such as Guwahati, Gaya, Varanasi and Bhubaneswar due to bad weather,» an AAI spokesperson said. The first departure from the city was IndiGo's flight to Port Blair at 8.59am, he added. Kolkata airport director C Pattabhi said that no infrastructure suffered any damage due to the natural calamity.
27.05 / 12:51
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Pune brothers duped of over Rs 2 crore via WhatsApp in an online trading scam: Report
online trading scam that started on the instant messaging platform WhatsApp. The victims were lured to significant profits via online trading. One of the victims is a resident of Charholi Budruk and according to the FIR filed by him, the cybercriminals added the complainant to a WhatsApp group and told him that he could earn huge profits through online share trading. Later, they added his brother to the same WhatsApp group, a Times of India (ToI) report said.
27.05 / 12:51
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Pune car crash: Two doctors, staffer of Sassoon hospital remanded in police custody till May 30
Pune car crash: A court here on Monday remanded two doctors and an employee of Sassoon General Hospital arrested in connection with the Porsche crash in police custody till May 30. The police produced the three in the court of Judicial Magistrate First Class (Small Causes) A A Pande and sought their custody for 10 days. Earlier in the day, the police arrested Dr Ajay Taware, head of the state-run hospital's Forensic Medicine department and Dr Shrihari Halnor, the chief medical officer for alleged manipulation of blood samples and destruction of evidence in the case, an official had said. The third arrested person, Atul Ghatkamble, works under Dr Tawre.
27.05 / 12:51
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Swati Maliwal assault case: Delhi court dismisses bail plea of Kejriwal's aide Bibhav Kumar
Tis Hazari Court on Monday dismissed the bail application of Arvind Kejriwal's aide, Bibhav Kumar, accused of allegedly assaulting Rajya Sabha MP Swati Maliwal at the residence of the CM on May 13. Last week, he was sent to four days' judicial custody on May 24. Earlier in the day, Additional Sessions Judge Sushil Anuj Tyagi had reserved the order after hearing submissions by senior advocate N Hariharan for the accused, and counsel for Swati Maliwal, additional public prosecutor Atul Srivastava and advocate Madhav Khurana.
27.05 / 12:51
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Dividend income fuels surge in personal income tax: Motilal Oswal report
Motilal Oswal has highlighted that taxes on dividend income have significantly contributed to the surge in personal income tax (PIT) over the past four years. According to the report, this shift accounts for 60-65% of the growth in PIT, despite a moderation in personal disposable income growth, reported TOI. The report indicates that the growth in PIT has been robust, increasing at a compounded rate of 20% during FY21-24. By FY24, PIT reached 3.5% of GDP, up from 2.5% in the pre-pandemic period. In contrast, personal disposable income and GDP have grown at a more modest rate of less than 10%. The surge in PIT can be traced back to the 2020-21 Budget announcement by the finance minister, which abolished the Dividend Distribution Tax (DDT) and introduced the classical system of dividend taxation. Under the new system, companies no longer pay DDT; instead, dividends are taxed in the hands of the recipients at their applicable personal income tax rates.
27.05 / 11:41
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Healthcare
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India and Japan commit to bolster health cooperation
health cooperation, India and Japan have agreed to advance their collaborative efforts during a meeting on the sidelines of the 77th World Health Assembly (WHA) in Geneva, officials on Monday said. The two nations emphasised their commitment to building on the Memorandum of Cooperation signed in 2018, they said. The key areas of focus included expanding cooperation into new domains such as digital health, the use of artificial intelligence (AI) in healthcare, elderly care, and tackling non-communicable diseases. This initiative aims to leverage technological advancements to improve health outcomes and address the growing challenges posed by an ageing population and lifestyle-related diseases, the officials said.
27.05 / 11:41
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Pharmaceuticals
Stock market update: Nifty Pharma index falls 0.04%
Shares of Glenmark Pharmaceuticals Ltd.(up 8.06 per cent), J B Chemicals & Pharmaceuticals Ltd.(up 6.87 per cent), Divi's Laboratories Ltd.(up 3.23 per cent), Mankind Pharma Ltd.(up 2.5 per cent) and Granules India Ltd.(up 2.33 per cent) ended the day as top gainers in the pack.
27.05 / 11:41
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Sensex falls! These stocks fell 5% or more in Monday's session
On the BSE, Exhicon Events Media(down 19.99 per cent), Adeshwar Meditex(down 13.41 per cent), Shelter Pharma(down 12.81 per cent), Aditya Vision(down 10.56 per cent) and Shilp Gravures(down 10.54 per cent) stood among the top losers in today's trade.
27.05 / 11:41
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Vedanta said to weigh $1 billion share sale as soon as June
Indian commodities tycoon Anil Agarwal’s Vedanta Ltd. is considering a share sale as soon as the coming weeks that could raise as much as 85 billion rupees ($1 billion), people with knowledge of the matter said. Vedanta is working with advisers including Axis Bank Ltd. subsidiary Axis Capital and Citigroup Inc. on the offering, the people said. It has started gauging interest from potential investors including Middle Eastern funds, according to the people, who asked not to be identified because the information is private.
27.05 / 11:41
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Stock market update: Stocks that hit 52-week lows on NSE in today's trade
Domestic benchmark index NSE Nifty ended 24.65 points down at 22932.45, while the BSE Sensex closed 19.89 points down at 75390.5.
27.05 / 11:41
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GST to be paid by telcos along with instalments towards spectrum charges
Telecom companies will have to pay GST along with the instalments paid towards spectrum charges, a senior official said. The Department of Telecom (DoT) will hold the next round of spectrum auction on June 6 for eight spectrum bands meant for mobile phone services. The base price for the auction has been set at Rs 96,317 crore. The spectrum will be assigned for 20 years and successful bidders will be allowed to make payments in 20 equal annual instalments in the coming mega auction. The official said Goods and Services Tax (GST) will have to be paid at 18 per cent by telecom companies along with each instalment.
27.05 / 11:41
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reports
Adani Energy Solutions to raise up to Rs 12,500 crore via QIP or other permissible mode
Adani Energy Solutions said on Monday that its board has approved a fundraise of up to Rs 12,500 crore through Qualified Institutional Placement (QIP) or any other permissible route. In its filing to the exchanges, the company said that the fundraising exercise will be subject to the receipt of the necessary approvals at the ensuing Annual General Meeting (AGM) scheduled on June 25, 2024.
27.05 / 11:41
Waves
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India to get relief from heatwave in three days, says IMD chief Mohapatra
India Meterological Department boss Mrutyunjay Mohapatra on Monday announced that the heatwave currently affecting large swathes of North India would likely abate over the next three days. «Expect relief from heat wave in northwest India and central parts of country after three days,» Mohapatra said. The IMD chief's statements come alongside the weather office's predictions for the monsoon season. The IMD expects Central India to see above normal monsoon in 2024, with the entire country set to recieve above average rains.
27.05 / 09:15
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Haryana government announces early summer vacation from May 28 due to rising temperature
Haryana government has declared the closure of all schools from tomorrow, May 28. The decision has been taken considering the scorching heat and rising temperature. As of now, Haryana's temperature is 46 degrees. Haryana school summer vacations are announced for both private and government colleges. Students and parents are advised to contact the respective school administrations for details. As per the official notice issued today, May 27, all schools will now reopen from July 1, 2024. "Haryana Directorate of School Education has announced summer vacation in all the schools (government and private) of the state from 28 May 2024 to 30 June 2024. Schools will be reopened from July 1, 2024," the official notice reads. This is to be noted that earlier Haryana Summer vacation 2024 dates were from June 1 to 30, which is now preponed to May 28 to June 30.
27.05 / 09:15
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travelers
UAE visa pre-approval simplified: Options for Indian travelers explained
green card) from the US or a residence visa from the United Kingdom or any European Union country enables you to obtain a 14-day entry visa upon arrival in the UAE. The General Directorate of Residency and Foreigners Affairs Dubai (GDRFAD), Dubai's immigration authority, offers a service that allows you to request pre-approval for this visa, facilitating your immigration procedures upon arrival in the UAE. Here’s how you can avail this service:
27.05 / 08:57
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Info Edge shares drop 1.03% as Sensex rises
Info Edge (India) Ltd. traded at Rs 6275.0 on BSE at 01:59PM (IST) on Monday, down 1.03 per cent. The stock quoted a 52-week low price of Rs 3741.2 and a high of Rs 6545.95. Earlier in the day, the stock saw a gap up opening.
27.05 / 08:57
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Avenue Supermart shares down 2.85% as Nifty gains
Avenue Supermarts Ltd. traded 2.85 per cent down in Monday's trade at 02:09PM (IST). Around 23,714 shares changed hands on the counter. The counter opened at Rs 4664.65 and touched an intraday high and low of Rs 4664.65 and Rs 4507.0, respectively, in the session so far. The stock of Avenue Supermarts Ltd. quoted a 52-week high of Rs 4916.15 and a 52-week low of Rs 3428.2.
27.05 / 08:57
27.05 / 08:11
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Share price of Bharat Forge falls as Sensex gains 473.69 points
Bharat Forge Ltd. dropped 0.62 per cent to Rs 1563.55 at 01:13PM (IST) in Monday's trade. The counter has hit a high of Rs 1597.35 and low of Rs 1533.15 so far during the session. The stock had closed at Rs 1573.4 in the previous session. The counter has had a total traded volume of 38016 shares so far with a value of Rs 5.91 crore on the NSE. It traded at a price-to-earnings multiple of 78.19 and a price-to-book ratio of 7.33.
27.05 / 08:11
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Siemens shares down 0.75% as Nifty gains
Siemens Ltd. rose 0.75 per cent to Rs 7225.55 in Monday's trade. It hit an intraday high of Rs 7325.55 and low of Rs 7165.15, respectively, during the day. The stock quoted a 52-week high price of Rs 7388.05 and low of Rs 3248.0.
27.05 / 08:11
Provident
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rights
Adani & Ambani are the new 'Rajas', Modi works for them 24 hrs, says Rahul Gandhi in Bihar
Prime Minister, Congress MP Rahul Gandhi said, Narendra Modi has made 22-25 Rajas and Maharajas and their names are different. «Their new names are Adani and Ambani, but they are Raja and Narendra Modi works 24 hours for them,» he said while addressing a rally in Bakhtiyarpur, Bihar.
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