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Shares of China Evergrande New Energy Vehicle Group more than doubled on Monday as trade resumed after the company said liquidators had agreed on behalf of key shareholders to sell a stake in the electric vehicle (EV) maker. Shares of embattled developer China Evergrande's EV unit soared as much as 113% to HK$0.81, their highest since September 22, becoming the top gainer on the Hong Kong bourse, and last stood up 79%, following the May 17 trade halt.

Manappuram Finance with a target price of Rs 225. The current market price of Manappuram Finance is Rs 177.85. Manappuram Finance Ltd., incorporated in the year 1992, is a Mid Cap company (having a market cap of Rs 15269.68 Crore) operating in NBFC sector.

Maldives Ministry of Foreign Affairs co-chaired the India Maldives Review meeting. The two officials took stock of Indian grant-funded high-impact community development projects in Maldives. According to the Indian High Commission in Maldives, India is supporting the implementation of 65 community development projects worth MVR 360 million in Maldives. In a post shared on X, the Indian High Commission in Maldives stated, «India Maldives Review meeting co-chaired by HE Ahmed Naseer, Amb-at-large @MoFAmv and @AmbMunu to take stock of Indian grant-funded high impact community development projects #HICDP. India is supporting implementation of 65 community development projects worth MVR 360 million in Maldives.»

Prudential Authority of the South African Reserve Bank has imposed a financial penalty of 10 million rand (₹4.5 crore) on the State Bank of India's South Africa branch, the bank said in a notice to the exchange. The bank informed the stock exchange that the financial penalty consists of an immediately payable portion of 5.50 million rand, which the SBI branch in South Africa has already paid. The remaining 4.50 million rand is suspended for 36 months, contingent on compliance within this period.

Stressed Assets Stabilisation Fund (SASF) of IDBI Bank, which is targeting a recovery of 11.59% by selling non-performing loans worth ₹6,151 crore, has received 18 expressions of interest (EoIs) from asset reconstruction companies (ARCs). The reserve price for the auction is set at ₹713 crore and the sale has drawn interest from large ARCs including Arcil, JC Flowers ARC, Edelweiss ARC, JM Financial ARC and ACRE. Others include Kotak-backed Phoenix ARC, UV ARC, Prudent ARC, Omkara ARC and CFM ARC. The last day for submitting EOIs was May 22. The auction date will be announced after the entities that submitted EoIs complete due diligence on the accounts. The sale will be 100% cash-based, with EY as the process advisor. The portfolio up for assignment and sale comprises 239 cases, with 81 backed by tangible securities and guarantees, having a gross principal outstanding of ₹2,179.51 crore. The remaining 158 cases are supported by guarantees and claims, with an outstanding of ₹3,971.65 crore.

artificial intelligence and its impact on competition, and has extended the deadline for submission of bids till June 18. Earlier, the deadline for the bids was June 3. In a set of clarifications, the Competition Commission of India (CCI) said bids cannot be submitted through a consortium or a joint venture. Among other eligibility requirements, the minimum annual turnover of ₹50 crore has been retained for the bidders.

NTPC Ltd has written to the power ministry proposing pooling of its «entire capacity» for sale of power to distribution companies, according to people aware of the development. If approved, the proposed move could ease supply and operations as the company would be able to sell power to a discom from any station and not restrict it to stage-wise units, people familiar with the matter said. The power purchase agreements (PPAs) with some discoms are signed in stages of commissioning and each stage is a separate entity for tariff and scheduling purposes.

India has the potential to generate around 750 GW of power from solar sources, according to government data. While the country has doubled its solar power installed capacity rapidly to 81.8GW from 40.1GW in FY21, it has only utilised 11% of its potential. However, new schemes targeted at rooftop solar can help ramp up faster. ET takes a look 1)India has a solar power potential of nearly 750 GW

death toll in the Rajkot fire incident rising, several discrepancies are stumbling out regarding the safety precautions. The First Information Report (FIR) registered squarely blames the management. It stated that the gaming zone was operating without a no-objection certificate from the fire department. It did not have adequate arrangements to handle any possible fire that would have «hundred percent» chance to result in fatalities. The FIR states that the game zone was constructed with fabrication structures and galvanised sheets with many areas inside having electrical wirings and AC vents.

Gujarat High Court has taken suo motu cognizance of the incident and the PIL will come up for hearing on Monday. A special bench of the Gujarat High Court, comprising Justice Biren Vaishnav and Justice Devan Desai, observed that «prima facie, a man-made disaster has occurred where innocent lives of children have been lost» as such recreation facilities have come up without adequate approvals from the competent authorities. «The gaming zone in Rajkot appears to have taken advantage of the loopholes in the Gujarat Comprehensive General Development Control Regulations to pave its way for creating illegal recreational activities,» the bench. It stated that it has also taken note of such gaming zones that have come up in Ahmedabad «which pose significant threat to public safety, especially to innocent children.»

Indian Army successfully defused three Improvised Explosive Devices (IEDs) in Imphal East district. Defence sources said the IEDs were discovered on the road connecting Nongdam Tangkhul and Etham Tangkhul villages, near Maphou Dam. A defence spokesperson said during a routine area surveillance operation, army personnel noticed the three IEDs placed in tandem, along the road. The army column acted swiftly and cordoned the area. Subsequently the bomb disposal squad arrived and defused the IEDs.

Lok Sabha election in Punjab this time is unprecedented compared to the last few decades, as many prominent Sikh leaders are missing from the poll scene in multi-cornered contests and a new player -AAP — is in power in the state. Former Punjab chief minister Captain Amarinder Singh, who was a dominating face of Punjab politics in the state for the last two decades, is missing from the poll scene this season. Owing to his ill health, Singh has been keeping away. But family members of SAD patriarch Parkash Singh Badal, who passed away last year, and Amarinder Singh — Badal's daughter in-law Harsimrat Kaur and Amarinder Singh's wife Perneet Kaur are contesting elections.

government has extended the tenure of Army Chief General Manoj Pande, giving him another month in office and effectively postponing the appointment of his successor who was scheduled to take over at the end of May. Gen Pande was to retire on May 31 after completing his tenure at the age of 62. However, the government had not yet named his successor, though the choice was largely believed to be between the two senior most Army commanders — Lt Gen Upendra Dwivedi and Lt Gen AK Singh. Dwivedi is the current Vice Chief of Army Staff and has previously served as the Northern Army Commander.

Shiv Sena (UBT) leader Sanjay Raut on Sunday claimed that Prime Minister Narendra Modi, Union Minister Amit Shah and Maharashtra Deputy Chief Minister Devendra Fadnavis worked for Nitin Gadkari's defeat in the Lok Sabha elections. Raut's claim has drawn sharp reactions from the BJP and Congress' candidate from Nagpur. Raut alleged that Fadnavis had unwillingly campaigned for Gadkari, who contested from the Nagpur Lok Sabha seat, when he realised the Union minister couldn't be defeated. Nagpur is the hometown of both BJP leaders.

Indian shuttler and two-time Olympic medalist PV Sindhu conceded a defeat in the final match of the Malaysia Masters competition against China's Wang Zhiyi on Sunday. The Indian shuttler lost to her Chinese opponent 21-16, 5-21, and 16-21 in the final match of the women's singles. Sindhu started the final game on a good note and dominated the first set as she won it by 21-16. In the second set, the Chinese made a comeback in the game and didn't give Sindhu a chance to clinch points. Zhiyi won the second set by 5-21. In the final set, Zhiyi had the last laugh of the game as she beat Sindhu by 16-21.

Suresh Raina said Sunrisers Hyderabad (SRH) should back their batting-first approach in the upcoming final match of the Indian Premier League (IPL) 2024 against Kolkata Knight Riders (KKR) on Sunday. Speaking to JioCinema, Raina said that Pat Cummins' presence in the SRH squad will be a key point since the Sunrisers skipper has already won the ODI World Cup recently. The former CSK cricketer added the SRH skipper knows how to keep the dressing room running.

PV Sindhu's wait for a much-needed title extended further as she faltered in the finishing line, going down in three games to world no. 7 Wang Zhi Yi of China in the summit clash on Sunday. Fifth seed Sindhu, a double Olympic medallist, last won the Singapore Open and Commonwealth Games in 2022 and finished runner-up at the Madrid Spain Masters in 2023. The title here looked within her reach when world no. 15 Sindhu held a massive 11-3 lead in the decider after winning the opening game but the former world champion imploded after the final change of sides to go down 21-16 5-21 16-21 in a 79-minute women's singles final. The title would have been an icing on the cake but her impressive run to the final will still give her a lot of confidence as Sindhu looks to put the finishing touches ahead of the Paris Olympics. It was her first final on BWF world tour after more than a year.

SpiceJet aircraft enroute to Leh suffered a glitch on Sunday morning and returned to the national capital, according to a source. The source told PTI that the plane, carrying around 135 people, landed safely at the Delhi airport. A full emergency was declared at the airport and the aircraft, operating the flight SG 123 that took off at around 1030 hours, landed safely at about 1100 hrs. The plane returned due to engine vibrations, the source said. The Boeing 737-7 aircraft returned to the national capital sometime after takeoff, as per data available on flight tracking website flightradar24.

NCPCR has deployed a team to probe into the fire incident at a private children's hospital in east Delhi's Vivek Vihar that left seven newborns dead. The blaze broke out at the Baby Care New Born Hospital around 11:30 pm on Saturday and soon spread to two adjacent buildings. Twelve newborns were rescued from the facility but seven of them died. Five babies are undergoing treatment at another hospital. In a post on X, National Commission for Protection of Child Rights Chairperson (NCPCR) Priyank Kanoongo said the commission has taken cognisance of the fire incident and the newborns' deaths.

results for Class 10 (Matric) and Class 12 (Plus Two) today, May 26, 2024. Students can check their results on the official websites bseodisha.ac.in and orissaresults.nic.in. Odisha Board 10th Result: Steps to Check Results Online

Sri Lanka's powerful Rajapaksa clan, which suffered political battering due to the country's worst economic crisis in 2022, will launch its political comeback bid on Sunday by targeting the impending elections. Former president Gotabaya Rajapaksa, ex-prime minister Mahinda Rajapaksa and former finance minister Basil Rajapaksa were ousted from power during anti-government protests following the crippling financial and political crisis in 2022. The ruling Sri Lanka People's Front of the Rajapaksas, commonly known by its Sinhalese name Sri Lanka Podujana Peramuna (SLPP), will hold a public rally later in the day in the north central rural town of Thalawa, party member and former minister SM Chandrasena told reporters.