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PNB Housing Finance reported a 57% rise in fourth-quarter profit on Monday, helped by steady demand for home loans and a decline in bad loans. Demand for premium and luxury housing has been strong over the last year even as the affordable segment saw demand easing due to high interest rates.

Indian Coast Guard and the Anti-Terrorist Squad (ATS) Gujarat recently intercepted an Indian fishing boat at sea, seizing a significant haul of narcotics. The joint operation resulted in the apprehension of two individuals suspected of involvement in the illicit drug trade. This successful mission follows closely on the heels of another operation where the Indian Coast Guard seized a Pakistani fishing boat carrying 86 kg of drugs worth Rs 600 crore. These efforts underline the ongoing efforts to combat drug trafficking in the region. The Indian Coast Guard and the Anti-Terrorist Squad (ATS) Gujarat have intercepted an Indian fishing boat at sea, seizing a substantial quantity of narcotics. The joint operation led to the apprehension of two individuals suspected of involvement in the illicit drug trade. This successful mission follows closely on the heels of another recent interception. On April 28, the Indian Coast Guard seized a Pakistani fishing boat in a separate anti-narcotics operation, confiscating 86 kg of drugs worth Rs 600 crore and arresting 14 individuals onboard.

Shares of Tube Investments of India Ltd.(up 2.31 per cent), Bosch Ltd.(up 1.42 per cent), TVS Motor Company Ltd.(up 1.0 per cent), Balkrishna Industries Ltd.(up 0.86 per cent) and Mahindra & Mahindra Ltd.(up 0.84 per cent) ended the day as top gainers in the pack.

Jaishankar on Monday said the partition of India in many ways broke the natural connectivity of the northeastern states and impacted the growth in the area due to political barriers as well as administrative issues. Jaishankar was addressing an event in Delhi University's Kirori Mal College on the topic 'Northeast India's Integration with South East Asia and Japan: Balancing Economic Ties and Ecological Conservation'. «The consequence of the partition of India broke in many ways the natural connectivity that the Northeast had or would have enjoyed. As a result of that, the levels of growth that the Northeast should have seen was slowed down. In the first few decades after the partition, the Northeast did not enjoy the advantages which other parts of the country did because of political barriers and administrative issues,» Jaishankar said while speaking to students. The Union minister also added that the current economic stability in the Northeast is moving towards a stronger front.

Jaiprakash Power Ventures Ltd has posted a consolidated net profit of Rs 588.79 crore in the March quarter on the back of higher revenues. The company had reported a consolidated net loss of Rs 43.99 crore in the quarter ended on March 31, 2023, a regulatory filing said. During the quarter under review, total income rose to Rs 1,863.63 crore from Rs 1,385.41 crore in the same period a year ago.

Supreme Court on Monday asked Delhi Chief Minister Arvind Kejriwal, who has been arrested in a money-laundering case stemming from the alleged excise policy scam, why has he not filed a bail application before the trial court. A bench of Justices Sanjiv Khanna and Dipankar Datta was hearing the Aam Aadmi Party (AAP) leader's plea challenging his arrest by the Enforcement Directorate (ED). «You did not move any application for bail before the trial court?» the bench asked senior advocate Abhishek Singhvi, who appeared in the court on behalf of Kejriwal.

BJP on Monday claimed that it is the Congress and its allies which intends to change the Constitution to give reservation to Muslims on religious grounds, as the ruling party accused them of misleading Dalits and other disadvantaged Hindu groups against the Modi government. BJP MP Brij Lal said Prime Minister Narendra Modi has reiterated time and again that no one can change the Constitution, as envisaged by Bhim Rao Ambedkar. The former IPS officer, who comes from the Scheduled Castes, told reporters that it is the Congress which has amended the Constitution the most number of times and even suspended its provisions to impose the Emergency in 1975. The Congress and its allies are spreading this narrative to mislead people, especially Dalits, that the BJP will end reservation, Brij Lal said, speaking on an issue over which the two main contenders for power have been targeting each other during the ongoing Lok Sabha polls.

Ghee has gone viral on social media. Everstone Group director Prashant Desai, in a podcast with YouTuber Raj Shamani, said that Ghee is the best fat burner in the world. «Ghee is saturated fat, but it's not like any other saturated fat. Ghee has such a unique structure, the double bond of carbon. It's a fat burner,» Desai said. Desai said that Ghee reduces the visceral fat of the body. «If you eat ghee with roti, your glucose spike will be much lower. If you are not eating ghee roti, you are doing the biggest disservice to the country,» he said. «I eat four spoons of ghee in my coffee first thing when I wake up,» he added. To prove his point Desai also said that the claims are scientifically proven? He said that he has shared three LinkedIn posts and two videos on ghee.

Delhi Police has asked Telangana Chief Minister Revanth Reddy to join the probe on May 1 in connection with Union Home Minister Amit Shah's doctored video being circulated on social media, official sources said on Monday. According to sources, the police served notices to five people, including Reddy, who posted the video on X. Reddy, who is also the Telangana Congress chief, has been asked to appear with his mobile phone allegedly used for posting the fake video on X, according to sources. The Special Cell of the Delhi Police had on Sunday registered an FIR after the Indian Cybercrime Coordination Centre (I4C), which is under the Ministry of Home Affairs, filed a complaint about the doctored video of Shah where his statements indicating a commitment to abolish quota for Muslims on religious ground in Telangana were changed to make it seem that he was advocating scrapping all reservations.

Narendra Modi from contesting elections for six years for allegedly seeking votes in the name of deities. Justice Sachin Datta said the plea was devoid of any merits.

West Bengal Chief Minister Mamata Banerjee on Monday criticised the BJP for using the Uniform Civil Code (UCC) as a political ploy ahead of the elections, asserting that Hindus will not benefit from it. Speaking at a rally in the minority-dominated Jangipur constituency in Murshidabad district, Banerjee accused the BJP of resorting to divisive tactics in the face of anticipated defeat in the initial phases of polling. «Whenever there are elections, they use one issue or the other to flare up communal tensions. This time they are talking about the UCC and are propagating that it is against a particular community. But this UCC is nothing but political rhetoric and Hindus in no way will benefit from it,» she said. Banerjee highlighted a growing anti-BJP sentiment nationwide, especially evident after the first two phases of voting.

BJP President J P Nadda on Monday alleged that the INDIA bloc is an alliance of corruption and 'parivarvaad' (dynastic politics) and that the parties in the coalition are engaged in protecting the children of their families. Addressing an election rally at Kothagudem in Khammam Lok Sabha constituency, he said that leaders of Congress, RJD, AAP and BRS are either on bail or in jail. «Is Rahul Gandhi on bail or not? Is Sonia Gandhi on bail or not? All these people are on bail. P Chidambaram, Karthi Chidambaram, Lalu Yadav, all these are on bail,» he said. He also asked whether Delhi Chief Minister Arvind Kejriwal and other AAP leaders and BRS MLC K Kavitha are in jail or not.

Bharat Forge Ltd. slipped 2.62 per cent to Rs 1276.0 in Monday's trade. It hit a high of Rs 1316.8 and low of Rs 1273.75 during the session. On the technical charts, the 200-DMA of the stock stood at Rs 1108.12, while the 50-DMA was at Rs 1160.66. If a stock trades above 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades below 50-DMA and 200-DMA, it is considered a bearish trend and if trades between these averages, then it suggests the stock can go either way.

government will put on sale around 20 critical mineral blocks in the fourth round of auction by the end of June, mines secretary V L Kantha Rao said on Monday. Rao further said that the auction process for seven critical mineral blocks put on sale in the first round is almost complete and the result would be declared in a month's time. Critical minerals such as copper, lithium, nickel, cobalt and rare earth elements are essential components in many of today's rapidly growing clean energy technologies — from wind turbines and electricity networks to electric vehicles. Demand for these minerals is growing quickly with clean energy transitions gathering pace. Speaking during an event here, Rao said, «When it comes to mining, we have done a lot of auctions. We have put 38 blocks (critical mineral) on auction… We are going to come up with the next auction in end June so this auction process will continue,» the secretary explained.

Congress on Monday announced four more Lok Sabha candidates from Punjab, fielding PCC chief Amarinder Singh Brar (Raja Warring) from Ludhiana and party general secretary Sukhjinder Singh Randhawa from Gurdaspur. The party has fielded former MP Vijay Inder Singla from Anandpur Sahib and Kulbir Singh Zira from Khadoor Sahib, replacing sitting MP Jasbir Singh Gill. Congress MP from Anandpur Sahib Manish Tewari has been shifted to Chandigarh Lok Sabha constituency while Ludhiana MP Ravneet Singh Bittu has joined the BJP. With Monday's list, the party has announced candidates for 12 of the 13 Lok Sabha seats in Punjab.

Avenue Supermarts Ltd. slipped 1.77 per cent to Rs 4474.2 in Monday's trade. It hit a high of Rs 4560.0 and low of Rs 4450.0 during the session. On the technical charts, the 200-DMA of the stock stood at Rs 3889.41, while the 50-DMA was at Rs 4217.23. If a stock trades above 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades below 50-DMA and 200-DMA, it is considered a bearish trend and if trades between these averages, then it suggests the stock can go either way.

SRF Ltd. slipped 0.72 per cent to Rs 2618.3 in Monday's trade as of 11:46AM (IST). The stock hit a high price of Rs 2669.4 and low of Rs 2611.65 during the session.

Jubilant Foodworks Ltd. gained 0.69 per cent to Rs 440.3 at 11:36AM (IST) in Monday's trade. The scrip hit a high of Rs 443.3 and low of Rs 437.95 so far during the session. The stock had closed at Rs 437.25 in the previous session. The counter had a total traded volume of 11:36AM shares so far with a turnover of Rs 0.35 crore on BSE. The stock traded at a price-to-earnings multiple of 131.46 and a price-to-book ratio of 14.26.

Tata Power Company Ltd. gained 2.24 per cent to Rs 446.55 at 11:52AM (IST) in Monday's trade. The counter has hit a high of Rs 447.65 and low of Rs 437.3 so far during the session. The stock had closed at Rs 436.75 in the previous session. The counter has had a total traded volume of 578470 shares so far with a value of Rs 25.59 crore on the NSE. It traded at a price-to-earnings multiple of 38.53 and a price-to-book ratio of 2.11.

BSE tumbled 19% to Rs 2,612 in Monday's trade on NSE after the Securities and Exchange Board of India (Sebi) asked BSE to pay a regulatory fee to the former based on the annual turnover fee considering «notional value» in the case of the options contract. This is the biggest single-day drop the stock has seen since its listing in 2017. BSE in its filing to the exchanges on Friday stated that the regulator has also asked the company to pay a differential regulatory fee for the past periods with the applicable interest of 15% per annum on the amount remaining unpaid or belatedly paid or short paid for every month of delay.

On the BSE, Forbes Company(down 9.32 per cent), Superior Ind(down 8.99 per cent), Megri Soft(down 8.93 per cent), India Lease Dev(down 8.73 per cent) and Neil Industries(down 8.44 per cent) were among the stocks that plunged over 5 per cent during the session.