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01.05 / 09:39
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Former Punjab MLA Dalvir Singh Goldy joins AAP
Congress MLA Dalvir Singh Goldy, who had quit the party over denial of ticket from the Sangrur Lok Sabha seat, on Wednesday joined the AAP. While welcoming Goldy into the party fold, Punjab Chief Minister Bhagwant Mann referred to him as his «younger brother» and a «hardworking youth». «We welcome him along with his supporters,» he said. Goldy worked a lot and became an MLA but he was ignored by the Congress, Mann, who was flanked by AAP candidate from Sangrur seat Gurmeet Singh Meet Hayer, said.
01.05 / 09:25
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Tata Motors sales rise 11.5% to 77,521 units in April
Tata Motors on Wednesday said its total wholesales rose 11.5 per cent year-on-year to 77,521 units last month as compared with 69,599 units in April 2023. The company's total domestic dispatches rose 12 per cent to 76,399 units last month as against 68,514 units in April 2023, the auto major said in a statement.
01.05 / 09:25
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Adani Ports secures AAA rating
Adani Ports and Special Economic Zone (APSEZ) on Wednesday said it has secured an AAA rating by CARE Ratings. With this development, the company has become the first large-sized private infrastructure developer to get this recognition, APSEZ said in a statement. «The rating is largely driven by APSEZ's robust integrated business model, strong industry position, consistent market share growth with healthy profitability, coupled with high liquidity and low leverage,» the agency said. In FY24, APSEZ handled a cargo volume of 419.95 MMT, 24 per cent higher than the previous fiscal.
01.05 / 09:25
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BJP became world's richest party in just 10 years, Cong didn't earn so much in 70 yrs, says Priyanka Gandhi Vadra
Congress leader Priyanka Gandhi Vadra criticised BJP, stating that it became the world's richest party in just 10 years, while Congress didn't earn so much in 70 years. Between FY 2021-22 and 2022-23, the income of the BJP increased by 23.15 per cent or Rs 443.724 crore from Rs 1917.12 crore during FY 2021-22 to Rs 2360.844 crore during FY 2022-23, according to the ADR report.
01.05 / 08:47
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BJP's wavelength does not match that of Bengal's people: Mamata Banerjee
West Bengal Chief Minister and Trinamool Congress supremo Mamata Banerjee on Wednesday said the wavelengths of the BJP and people of the state are «completely different». She termed BJP leaders as «migratory birds» and accused them of spreading lies about West Bengal. «Bengal and BJP are not a good match as their wavelength is completely different from ours. While we uphold our culture & tradition, the migratory birds from Delhi do nothing but spread lies on Bengal, in Bengal,» Banerjee said on X. This election is about «deciding their fate and punishing them for their conspiracies», she said, adding that «Bengal will show the path to the country».
01.05 / 08:47
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'Mafia raj' going on in Assam: Priyanka Gandhi Vadra
mafia raj" was going on in Assam, Congress leader Priyanka Gandhi Vadra on Wednesday claimed Chief Minister Himanta Biswa Sarma was involved in multiple scams. Addressing an election rally in Dhubri, she claimed Sarma has a «secret understanding» with Badruddin Ajmal of the AIUDF just like BJP has with Assaduddin Owaisi in Telangana, both of which were aimed at defeating the Congress. She also hit out at the BJP on the sexual abuse allegations against Karnataka MP Prajwal Revanna and said that PM Narendra Modi sought votes for him and then did not stop him from leaving the country. The Congress leader also attacked the BJP on the electoral bonds issue.
01.05 / 07:41
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New York Life to acquire 49% stake in two commercial projects by Max Estates for Rs 388 crore
New York Life Insurance Co., a mutual life insurance firm based in the United States, will invest Rs 388 crore for a 49% equity stake in two commercial projects in Delhi and Noida by Max Estates' SPV. With this New York Life Insurance Co is now 49% partner in all the commercial project by Max Estates in Delhi-NCR. The two buildings where the New York life has purchased the stake is Max Tower in Noida and Max House in Okhla with a total leasable area of around 600,000 sq ft.
01.05 / 07:41
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Saudi Arabia's Q1 GDP shrinks by estimated 1.8% YoY as oil sector weighs
Saudi Arabia's real gross domestic product (GDP) decreased 1.8% year-on-year in the first quarter, flash estimates by the government's statistical authority showed on Wednesday, as a decline in oil activities continued to hurt overall growth. The kingdom's GDP had shrunk 3.7% in the fourth quarter of 2023, as cuts to oil production and lower crude prices weighed on the economy.
01.05 / 07:41
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CBI conducts nationwide operation against app based investment scheme
CBI has searched 30 locations across 10 states and union territories after registering a case in a fraudulent investment scheme linked to the HPZ Token App, officials said Wednesday. The agency has alleged the scheme involved misleading the public to invest in non-existent crypto-currency mining machine rentals. The nationwide operation ended Tuesday night. Two private companies, Shigoo Technology Private Limited and Lillian Technocab Private Limited, along with their directors were booked in the case under Indian Penal Code Sections 120-B (criminal conspiracy) 419, 420 (cheating) and Section 66 D of Information Technology Act, 2000, officials said. The CBI seized digital devices, including laptops, mobile phones, ATM and debit cards besides a trove of email accounts, during the searches spread across Delhi-NCR, Jodhpur in Rajasthan, Mumbai in Maharashtra, Bengaluru in Karnataka as well as locations in Tamil Nadu, Andhra Pradesh, Uttar Pradesh, Bihar, Odisha and Madhya Pradesh.
01.05 / 07:15
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Attari drugs seizure case: Key accused 'Chacha' arrested
National Investigation Agency (NIA) has arrested another key accused in the Rs 700 crore Attari border drugs seizure case, taking the total number of arrests in the matter to eight. An official statement issued on Wednesday said the accused, Athar Saeed alias Chacha, had handled the proceeds of the drugs on the directions of the kingpin, Shahid Ahmed. Saeed was arrested on Tuesday after the NIA teams searched his premises in Delhi's Daryaganj and seized incriminating documents. The documents are being examined by the anti-terror agency to unravel the complete conspiracy behind the massive drugs racket, the statement said.
01.05 / 07:15
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Chhattisgarh encounter: Besides Naxalites, STF jawan also fought off wild bear
Narayanpur and Kanker districts of Chhattisgarh fought off not just Naxalites, but also a wild bear that attacked him. Constable Mangal Mandavi sustained bite injuries on his leg in the face-off with the wild animal, police said. He was shifted to Narayanpur in a helicopter on Wednesday morning and admitted to the district hospital, they said, adding that his condition is normal. Ten Naxalites, including three women, were killed in the encounter that occurred in the forest between Tekmeta and Kakur villages in Abhujmad area, a Naxalite stronghold, on Tuesday when a joint team of the STF and the District Reserve Guard, both units of the state police, was out on an anti-Naxal operation.
01.05 / 06:31
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South Korea discusses joining part of AUKUS pact with US, UK and Australia
South Korea has held talks about joining part of the AUKUS defence deal between the U.S., Britain and Australia, Defence Minister Shin Won-sik said on Wednesday, only weeks after the pact said it would consider including Japan. Formed in 2021, AUKUS is a two-stage security pact to counteract China's growing power in the Asia Pacific region. While a first stage to give Australia nuclear submarine technology is limited to the core trio, they have raised the possibility of other countries joining a second stage, or «Pillar 2», that aims to share other military technology.
01.05 / 06:31
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Adani Energy Solutions' Q4 net profit falls 13% to Rs 381 cr
Adani Energy Solutions Ltd (AESL) on Tuesday posted a 13.26 per cent fall in its consolidated net profit to Rs 381.29 crore during the quarter ended March 2024 on account of increased expenses. Its net profit after tax was at Rs 439.60 crore in the January-March period of the preceding 2022-23 financial year, the company said in an exchange filing.
01.05 / 05:59
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Is it possible to make an artificial brain with AI? Breakthrough achieved, know in detail
artificial brain cells. A team comprising scientists from Utrecht University in the Netherlands and Sogang University in South Korea has developed artificial neurological junctions called synapses using a mix of water and salt. It is considered an important achievement paving the way for the development of advanced computers that mimic the performance of a human brain.
01.05 / 05:59
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AIMIM, Congress have been winning polls by "spreading hate and terrorising people": Madhavi Latha
Hyderabad Lok Sabha, Madhavi Latha slammed AIMIM and Congress, alleging that they have been winning polls by «spreading hate and terrorising people». «I am surprised that Rahul Gandhi, whose team morphs videos and tries to bluff people, whose party comes into coalition with unknown understandings with parties like AIMIM who give speeches filled with hatred, he cannot talk about peace and bringing unity in the nation,» said Madhavi Latha told ANI. When asked about Asaduddin Owaisi's statement, Madhavi Latha said, «I would only want to say that AIMIM, like Congress, has only been winning the seat by spreading hate and by terrorising people who honestly want to vote… They take control of polling stations and cast bogus votes. History tells, us that if in the history of elections in India, if someone got 110% of the votes, it was the AIMIM… Where are the extra 10 % coming from?»
01.05 / 01:59
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"Hanging my boots as very grateful person and officer": Sanjay Baniwal on his retirement
Tihar Jail, Sanjay Baniwal, who retired on Tuesday, expressed his gratitude over the opportunities he got during his tenure. Baniwal, while speaking to ANI said that he was hanging his boots as a very grateful person. «It was fantastic as long as it lasted today. I am hanging my boots as a very grateful person and an officer for the opportunities that came my way. I am happier and healthier than when I joined...So the service has done me good,» he said.
01.05 / 01:59
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Courts
Supreme Court spectrum plea: Setback for Centre
Supreme Court registrar hasn't accepted the government's plea for allowing the administrative allocation of spectrum in some special cases, marking a setback for the Centre. The apex court had ruled that frequencies had to be auctioned as they were a national resource in the 2G spectrum allocation case in 2012. The registrar said the government was seeking a review of the 2012 order «in the guise» of seeking clarifications and said the move was «misconceived», adding that there was no «reasonable cause» for entertaining the plea and that too after a lengthy period of time. «I refuse to receive the present miscellaneous application (MA), as it does not disclose any reasonable cause for being entertained,» Pavanesh D, registrar, judicial listing, said in the order that ET has seen. «Accordingly, it is declined to be received under the provisions of Order XV Rule 5 of the Supreme Court Rules, 2013.»
30.04 / 21:51
Hollywood
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Tron: Ares: What you may want to know about storyline, cast, release date and OTT platform
Tron series is back after more than 14 years. After Tron: Legacy released in 2010, its sequel Tron: Ares is now in the news. It is all set to release next year. The original Tron series was released four decades back. Storyline
30.04 / 18:25
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Indian Oil Corporation to Invest Rs 5,215 cr in green power
Indian Oil Corporation plans to invest ₹5,215 crore in building 1 gw of renewable energy capacity in the country. The state-run company said in a stock exchange filing on Tuesday that its board has approved the investment plan, which would involve setting up «standalone ground-mounted solar or standalone onshore wind or wind-solar hybrid projects» in a phased manner. The plan entails an equity investment of ₹1,304 crore by Indian Oil. The company plans to house its renewable energy business in a wholly owned subsidiary.
30.04 / 18:25
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International
Financial
Geojit Financial Services Q4 Results: PAT zooms 73% YoY to Rs 52 crore
In the fourth quarter of the last financial year, the firm's consolidated revenue rose 79 per cent to Rs 209 crore. It was at Rs 117 crore a year ago, according to a release.
30.04 / 18:11
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reports
KVS Manian likely to join Federal Bank after stepping down from Kotak Mahindra
KVS Manian, earlier today, stepped down as the Joint MD of Kotak Mahindra Bank and is now likely to join Federal Bank, according to reports. At the time of the announcement, Manian said that he was tendering his resignation from Kotak Mahindra Bank to pursue other opportunities in the financial services sector that he is currently exploring. Manian also stepped down from his position on the board of the bank.
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