WhatsApp Financial News

Mumbai North Central MP Poonam Mahajan, who has been denied renomination by the BJP this time, has said people from the constituency treated her like a family for 10 years and she hopes the relationship would always continue. In a post on X on Saturday, Mahajan, who has been replaced by prominent lawyer Ujjwal Nikam, also thanked the BJP and Prime Minister Narendra Modi for giving her an opportunity to serve the people of Mumbai North Central constituency for 10 years. «I wish to continue on the path of 'nation first' shown by my late father Pramod Mahajan. I hope to walk on that path always,» she said. The BJP on Saturday denied ticket to Mahajan and instead picked Nikam, who was the special public prosecutor in Mumbai terror attack and 1993 serial blasts cases, as its nominee from the Mumbai North Central seat.

infrastructure projects, each entailing an investment of Rs 150 crore or above, were hit by cost overrun of more than Rs 5.55 lakh crore during December quarter 2023, an official report stated. The Quarterly Project Implementation Status Report (QPISR) on Central Sector Projects (costing Rs 150 crore and above) for the third quarter of 2023-24, contains detailed information on 1,897 projects. The QPISR is prepared by Ministry of Statistics and Programme Implementation. Out of 1,897 projects, 448 projects were having cost overrun of Rs 5,55,352.41 crore, which is 65.2 per cent of their sanctioned cost.

Nifty Bank index has given only 12.41% returns compared to 25.89% returns by the Nifty 50 index. Beneath this underperformance lies a story. Let us explore it in detail: Investors preferred public sector banks (BPSUs) to private sector banks. BPSUs largely finance institutional and corporate borrowers and private sector banks are known for catering retail credit needs. Despite strong credit offtake, stocks of private sector banks did not do well. There is a reason. Private sector banks were richly valued compared to BPSUs. In a high interest rate regime, value conscious investors preferred to stick to BPSU. The PSU rally also improved the sentiment around PSU bank stocks. However, these stocks have a relatively low weight (around 15%) in the Nifty Bank index. Hence the positive impact on Nifty Bank Index was not as much.

Mumbai Indians' wicketkeeper-batter Ishan Kishan has been reprimanded and fined 10 per cent of his match fees for breaching the IPL Code of Conduct during their Indian Premier League (IPL) 2024 match against Delhi Capitals at the Arun Jaitley Stadium, Delhi on Saturday. Kishan committed a Level 1 offence under Article 2.2 of the IPL's Code of Conduct. He admitted to the offence and accepted the Match Referee's sanction. For Level 1 breaches of the Code of Conduct, the Match Referee's decision is final and binding. In the match, Jake Fraser-McGurk's powerful knock, followed by Rasikh Dar Salam, Mukesh Kumar and Khaleel Ahmed's supercharged pace attack helped Delhi Capitals (DC) defeat Mumbai Indians by 10 runs in their Indian Premier League (IPL) 2024 match here at the Arun Jaitley Stadium on Saturday.

ICICI Bank's plan to delist its broking arm ICICI Securities from Indian bourses. ET on April 24 had reported Manu Rishi Guptha would approach the NCLT against the private lenders' plans. As per the scheme, shareholders of ICICI Securities would receive 67 shares of ICICI Bank for every 100 equity shares held in ICICI Securities.

Congress' Delhi president Arvinder Singh Lovely resigned from the post citing discomfort with party's decision to ally with the Aam Aadmi Party for the upcoming elections, as per a letter quoted by ANI. «The Delhi Congress Unit was against an alliance with a Party which was formed on the sole basis of leveling false, fabricated and malafide corruption charges against the Congress Party. Despite that, the Party made a decision to ally with the AAP in Delhi...,» Lovely said in a letter. «Not only did I publicly back the decision, I also ensured that the full State Unit fell in line with the High Command's final order. On instructions from AICC General Security, I even went to the extent of visiting Arvind Kejriwal's resident on the night of his arrest along with Subhash Chopra, Sandeep Dikshit, despite the same being against my position on the matter,» Lovely said.

Election Commission of India declared the polls conducted at six polling stations in the Outer Manipur Parliamentary Constituency as void and announced fresh elections in these stations on April 30. «The Election Commission of India has, under Sections 58(2) and 58A(2) of the Representation of the People Act, 1951, directed that the poll taken on April 26, 2024 (Friday) in respect of 6 polling stations listed in the table below of 2- Outer Manipur (ST) Parliamentary Constituency to be void and appointed April 30, 2024 (Tuesday) as the date for taking fresh poll at the said polling stations with hours of poll from 7:00 AM to 4:00 PM,» an official statement said. Chief Electoral Officer, Pradeep Kumar Jha further appealed to the voters of these polling stations to come out in large numbers to exercise their franchise.

Mumbai: Private lender IDFC First Bank reported a 9.8% dip in net profit to ₹724 crore for the fourth quarter ending March 2024 over the corresponding period last year. The Bloomberg poll had estimated a net profit of ₹756 crore in the fourth quarter. The bank's net profits were impacted by a significant 50% increase in provisions for bad loans, which amounted to ₹722 crore in Q4. For FY24, the bank reported a 21% rise to ₹2,957 crore.

RBL Bank on Saturday reported a 30% increase in fourth-quarter net profit to ₹353 crore, boosted by strong loan growth and its efforts to contain bad loans. For the financial year 2023-24, net profit rose 32% to ₹1,168 crore.

Amazon Prime Video has ended but the climax has raised curiosity over whether there will be a third season or not. So far, there is no official confirm about the renewal status for the season 3.

BJP would change the constitution, senior Congress leader Priyanka Gandhi said that while small time BJP leaders are have been saying that the party would change the constitution if voted into power, Prime Minister Narendra Modi keeps denying the same in his public addresses. Addressing a campaign rally at Dharampur in Valsad district in support of Congress candidate Anant Patel, Priyanka alleged that going by the way BJP has worked over last ten years, it makes the small leaders speak out their intentions initially and then deny the same publicly and then go on to do exactly the same once voted back to power.

second phase of polling for five Lok Sabha constituencies, officials said on Saturday. The Nagaon seat registered the highest polling percentage at 84.97, followed by Darrang-Udalguri at 82.01, Karimganj at 80.48, Silchar at 79.05 and Diphu at 75.74, they said. Altogether 77.26 lakh electors were eligible to exercise their franchise in the second phase of polling held on Friday, the election officials said. Women voters recorded a higher turnout of 85.55 per cent compared to the polling percentage of men at 84.41 and the third gender at 16.47.

Hamas released video on Saturday of two men held hostage in Gaza and seen alive in the footage. Campaign group the Hostages and Missing Families Forum identified the two in a statement as Keith Siegel and Omri Miran who were abducted by militants during the Hamas attack in southern Israel on October 7.

voter turnout in the second phase of Lok Sabha elections has touched the 66.7 per cent mark, which is less than the figures of the 2019 parliamentary polls. Both phases of the ongoing polls have seen a dip in the voter turnout as compared to the last general election. The 66.7 per cent figure is approximate, sources said. The Election Commission is yet to come out with the polling percentage formally. Phase two of the Lok Sabha elections was held on Friday across 88 constituencies spread in 13 states.

West Bengal registered a voter turnout of over 76 per cent in the three Lok Sabha seats where polls were held a day earlier, an Election Commission official said on Saturday. Balurghat topped the list with 79.09 per cent polling, followed by Raiganj (76.18 per cent) and Darjeeling (74.76 per cent), he said. «Polling has been peaceful. There was no report of any untoward incident from anywhere in the three parliamentary constituencies. A total percentage of 76.58 polling has been registered,» the official said. A total of 47 candidates, including state BJP president Sukanta Majumdar, were in the fray in the second phase having a total of 51.17 lakh eligible voters.

unidentified caller after the Mumbai airport received a hoax bomb call, warning of an explosive in Terminal 1, police said on Saturday. Sharing details, the Mumbai police said, «A female employee working at Mumbai International Airport Limited (MIAL) at Chhatrapati Shivaji Maharaj International Airport Terminal-1 received a call from an unknown number about the bomb threat.» «The caller said that there was a bomb in Terminal 1 of Mumbai Airport, after which the information was given to the Bomb Squad and the local police. Following this, the officials reached the spot and started an investigation,» said the police.

NFL Draft 2024 was underway which began with Caleb Williams being the No.1 pick for the Chicago Bears, who were scheduled to make the first call. According to a previous ET report, the former Southern California quarterback will ink a deal of four years worth $38.5 million, including a signing bonus of $24.8 million and the option of extending the contract for the fifth year.

Chennai Super Kings (CSK) matches in the IPL continue to witness massive turnouts, with fans cheering loudly for the team and especially for former captain MS Dhoni. However, scammers are trying to take advantage of Dhoni's popularity by sending deceptive messages on Instagram. The Department of Telecom (DoT) has cautioned fans to stay alert and not fall prey to these fraudulent schemes. In a recent alert posted on their official platform, the DoT revealed that scamsters are impersonating MS Dhoni on Instagram and requesting money from unsuspecting individuals. «Hi, I am MS Dhoni, messaging you from my private account. I am currently in the outskirts of Ranchi and I have forgotten my wallet. Could you please transfer ₹600 via PhonePe so I can return home by bus? I will send the money back once I am home,» read a screenshot of the Instagram message shared by the DoT.

West Bengal Chief Minister Mamata Banerjee on Saturday received minor injuries while getting into her helicopter on Saturday from Durgapur on her way to a public rally in Asansol Constituency's Kulti for BJP candidate Shatrughan Sinha. Meanwhile, Banerjee slammed Prime Minister Narendra Modi as a «jumla» and «Jhhuta» PM who brought CAA and NRC to Bengal to throw people out of the country. The West Bengal Chief minister Mamata Banerjee reportedly stumbled on board of her chopper while on her way to a campaign in Kulti on Saturday afternoon from Durgapur. The nature of her injury is not known yet. However, the injury was minor and she went to her scheduled rallies in Kulti and Asansol. Demanding Prime Minister's resignation from her rally, Banerjee said in the Kulti public rally, «I have never seen such a „jhhuta“ (Liar) PM. He wants to malign us. He wants to sell the country. BJP government has brought CAA, NRC and wants to throw people out of the country. But people want 'Roti Kapda Makaan' and jobs for the people, not their lofty speeches.»

Vande Metro trains will begin in July 2024. According to officials aware of the move, these trains will eventually ply to and fro over 100-250 kms distances connecting 124 cities across the country. Identified routes include Lucknow-Kanpur, Agra-Mathura, and Tirupati-Chennai, among others. The trains will focus on carrying passengers between large urban centres and satellite cities, running on existing tracks of Indian Railways. «Vande Metro trains are oriented towards high acceleration with frequent stoppages. These trains will have 12 coaches each, large automatic doors with side seats,» an official working on the project told ET.

Mallikarjun Kharge on Saturday said that it was due to a «misunderstanding» that a leader from Maharashtra had expressed his resentment over the party not fielding any Muslim in the Lok Sabha polls in the western state. Without naming the disgruntled party leader, Kharge said that he would be «compensated», maintaining that Rajya Sabha and assembly elections in Maharashtra were also due. «To say that no Muslim candidate was fielded is wrong. It is a three-party alliance there (in Maharashtra) and mutual decisions were taken,» the Congress chief said at a press conference here. He was reacting to a question on the Maharashtra Congress leader (Naseem Khan) criticising the party for not naming any Muslim candidate in the western state, where the Congress is fighting the Lok Sabha polls as part of the Maha Vikas Aghadi along with Udhav Thackeray-led Shiv Sena (UBT) and Sharad Pawar's Nationalist Congress Party (NCP).