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23.03 / 13:21
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Will seek court permission to set up office for Delhi CM Kejriwal in jail: Bhagwant Mann
Aam Aadmi Party leader and Punjab Chief Minister Bhagwant Mann on Saturday said that if his Delhi counterpart Arvind Kejriwal is sent to jail, they will approach the court seeking permission to set up his office in prison to run his government from there. He also asserted that no one can take the place of Kejriwal in the Aam Aadmi Party (AAP). «It is not written anywhere that a government cannot run from jail,» Mann told PTI videos in an interview when asked about the arrest of the Delhi chief minister and AAP chief by the Enforcement Directorate in an excise policy case and how he will run his government if he is sent to judicial custody. The BJP has demanded the resignation of Kejriwal after he was remanded in ED custody till March 28.
23.03 / 13:21
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Maruti Suzuki acquires over 6% stake in Amlgo Labs
Maruti Suzuki India on Saturday said it has acquired over 6 per cent stake in technology startup Amlgo Labs. The startup operates in data analytics, cloud engineering, machine learning (ML) and artificial intelligence (AI) to assist companies in data-driven decision-making. The investment is being made through Maruti Suzuki Innovation Fund, an initiative to undertake strategic investments in startups exhibiting high levels of technological innovation, the auto major said in a statement.
23.03 / 13:21
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Karnataka approaches SC against Centre seeking release of NDRF grants to tackle drought
Karnataka Chief Minister Siddaramaiah on Saturday said the state government has filed a petition in the Supreme Court demanding a direction to the Centre to immediately release grants under the National Disaster Response Fund (NDRF) to the state, which is reeling under acute drought. Accusing the Centre of sitting on Karnataka's pleas for release of funds though there is a severe drought, he said the state government was compelled to approach the apex court. «Today the Karnataka government filed a writ petition in the Supreme Court against the Centre after waiting for five months. Since there is vacation for a week in the Supreme Court, we did not get the endorsement. We expect it next week,» Siddaramaiah told reporters here. The petition was filed under Article 32 of the Indian Constitution to give directions to the Government of India to release NDR Funds immediately, which was supposed to be released by the Centre according to law, he explained.
23.03 / 11:41
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BJP making mockery of Ajit Pawar over Lakshadweep Lok Sabha seat: NCP (SP)
BJP over its support to the Ajit Pawar-led party for the Lok Sabha elections in Lakshadweep. «This is BJP making a mockery and joke out of the Ajit Pawar group and shamelessly trying to show that they are magnanimous in their support. »They got only 125 votes in the last Lok Sabha elections in Lakshadweep and were a failure. BJP is showing what the Ajit Pawar group means to them," Clyde Crasto, national spokesperson NCP (SP), wrote on X. He was responding to BJP general secretary Vinod Tawde's statement that the saffron party would support the candidate of NCP (Ajit Pawar) in Lakshadweep. «Together NDA can and NDA will achieve victory,» Tawde had said on social media.
23.03 / 11:41
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Bengal Governor asserts no interference on his part in LS poll process
Governor C V Ananda Bose on Saturday asserted that there would be no interference on his part in the Lok Sabha poll process, a day after the TMC accused him of meddling in it. Bose said that any political party has every right to complain against any action taken by any functionary, including the governor, stating that he respects that freedom. «There will be no interference by the governor in the election process,» he said while speaking at a function here. The Trinamool Congress (TMC) had on Friday filed a complaint with the Election Commission (EC) against Bose, accusing him of unlawfully meddling in the Lok Sabha poll process and trying to run a parallel office similar to the EC.
23.03 / 11:41
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Content creator Elvish Yadav gets bail from Gurugram court in assault case
Gurugram court on Saturday granted bail to Bigg Boss OTT 2 winner Elvish Yadav in a case of assault against YouTuber Sagar Thakur alias Maxtern, said police. «The court heard the bail application and granted bail in the case. He will have to furnish a bail bond which would be submitted in the court,» said his counsel, Advocate Himanshu Yadav. The Gurugram Police had on Wednesday filed an application seeking a production warrant for Elvish Yadav, who was then lodged in Noida jail. Judicial Magistrate First Class Harsh Kumar had ordered Elvish to appear in court on March 27, but the Noida Police reached the Gurugram court along with Elvish on Saturday.
23.03 / 08:33
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AAP office in Delhi 'sealed', matter to be raised with EC: Atishi
AAP office in Delhi has been "sealed off" from all sides, senior leader Atishi claimed on Saturday and said the party will report the matter to the Election Commission. In a post on X, Atishi questioned the «sealing» of the party office, saying it is against the «level playing field» promised by the Constitution. «How can access to a national party office be stopped during the Lok Sabha election? This (is) against the 'level playing field' promised in the Indian Constitution. We are seeking time with the Election Commission (EC) to complain against this,» the Delhi minister said in her post. Another senior AAP leader and Delhi Minister Saurabh Bharadwaj alleged that all access to the party office has been closed by the central government.
23.03 / 03:59
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Accenture's revenue outlook cut sends IT stocks crashing
Accenture's reduction in revenue growth guidance dented hopes of demand recovery. Analysts said the cautious sentiment in IT stocks may persist for a while with their business prospects expected to remain modest at least in 2024. TCS, Infosys, Cyient, Mastek, and LatentView are among some of analysts' top picks. Nifty IT declined 2.33% on Friday while the benchmark Nifty gained nearly 0.4%.
23.03 / 02:35
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Lok Sabha Polls: BJP announces seat-sharing strategy for northeast India
BJP) on Friday announced its support for the Lok Sabha candidates of the Naga People's Front (NPF) in the Outer Manipur Constituency, the National People's Party (NPP) in both the seats of Meghalaya (Shillong and Tura), and the Nationalist Democratic Progressive Party (NDPP) in Nagaland for the forthcoming parliamentary elections in 2024. The announcement was made by Manipur Chief Minister N Biren Singh and BJP Co-ordinator of North East, Sambit Patra, in separate posts on X. «Following the decision by BJP under the guidance of JP Nadda, and upholding our alliance principles, I am delighted to share that BJP will lend its support to Lok Sabha Candidates of NPF in the Outer Manipur Constituency for the forthcoming Parliamentary elections in 2024,» Manipur Chief Minister N Biren Singh said in a post on X.
22.03 / 20:17
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IRDAI announces norms to boost governance
regulations to enhance the regulatory framework for the insurance industry. In its meeting held on March 19, IRDAI approved eight principle-based consolidated regulations. These regulations focus on safeguarding policyholders' interests, rural and social sector responsibilities, electronic insurance marketplace, foreign reinsurance branches, and aspects of registration, actuarial, finance, investment, and corporate governance, the regulator said in a press release.
22.03 / 19:21
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Rooftop solar scheme may be linked with Gati Shakti programme
PM Surya Ghar Muft Bijli Yojana, which aims to solarize 10 million households, is likely to get a leg up as the government is considering bringing it under the ambit of the Gati Shakti programme. The ministry of new and renewable energy is discussing ways to link the new rooftop solar scheme to the Gati Shakti plan, a government official said. The Gati Shakti plan seeks to encourage a unified and integrated approach for fast-tracking infrastructure projects.
22.03 / 19:21
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Arvind Kejriwal entitled to fair, impartial trial: Germany
interference in India's domestic affairs, the German foreign ministry, reacting to Arvind Kejriwal's arrest, stated on Friday, «We have taken note, India is a democratic country. We assume and expect that the standards relating to independence of Judiciary and basic democratic principles will also be applied in this case.
22.03 / 17:47
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UltraTech commissions 1 million tonne capacity at unit in Roorkee, Uttarakhand
UltraTech Cement has commissioned 1 million tonne of brownfield capacity at its plant at Roorkee in Uttarakhand, taking the unit’s total capacity to 2.1 million tonne per year. “This forms part of the 22.6 mtpa capacity expansion announced in June, 2022,” the company said in an exchange filing on Friday. UltraTech, a part of the Aditya Birla Group, is the largest producer of cement in the country, and with Friday’s commissioning, has the capacity to produce 138.39 million tonne of grey cement each year.
22.03 / 17:47
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JSW Energy unit to acquire Reliance Power's wind project for Rs 132 crore
Renewable Energy generation capacity from Reliance Power Limited for Rs 132 crore, the company said on Friday. The power project is located at Jath, Sangli District, Maharashtra. The transaction values of the project at Rs 132 crores is adjusted for net working capital, the company said. «A Business Transfer Agreement has been signed between the parties and the transaction is subject to other customary approvals standard to a transaction of this size,» the company said in a press statement.
22.03 / 15:43
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Setback for AAP: Delhi CM Arvind Kejriwal sent to ED custody till March 28 in liquor case
Delhi court on Friday sent Delhi Chief Minister Arvind Kejriwal to the Enforcement Directorate's custody till March 28, a day after his arrest in the excise policy-linked money laundering case. Special Judge Kaveri Baweja at the Rouse Avenue court said that Kejriwal will be produced before the court on March 28 at 2 p.m. During the proceedings, ED told a special PMLA court that Arvind Kejriwal is kingpin and key conspirator of Delhi liquor scam in collusion with his ministers, AAP leaders.
22.03 / 14:23
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History of 2004 will repeat itself 20 years later: Jairam Ramesh on Lok Sabha polls
Jairam Ramesh on Friday rejected the BJP's claims that the 2024 poll results are a foregone conclusion, saying «tiger mein abhi bahut jaan hai» and the opposition bloc will repeat the history of 2004 when the saffron party was unseated from power despite its 'shining India' campaign. The Congress general secretary in-charge communications also said his party is going into the Lok Sabha polls with its «five nyays» and «25 guarantees», and has full confidence that the opposition INDIA bloc will get a clear mandate. In an interaction at the PTI office here, Ramesh also said the Congress' guarantee is not of one person but of the party and its «ghoshna patra (manifesto)» will be called the «nyay patra» which will focus on Yuva Nyay, Nari Nyay, Shramik Nyay, Kisaan Nyay and Hissedari Nyay and the 25 guarantees under these. Asked if the polls will be about «Modi ki Guarantee» versus the Congress' «nyay» guarantees, he said, «Our guarantee is not of one person. We are giving the Congress guarantee and are giving these guarantees on the basis of our experience.»
22.03 / 14:15
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US stocks muted at open, but still on track for sharp weekly gains
The Dow Jones Industrial Average fell 7.31 points, or 0.02%, at the open to 39,774.06.
22.03 / 14:15
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With Arvind Kejriwal in ED's custody, top AAP leaders' responsibilities likely to grow
AAP leaders, including its national organisation secretary Sandeep Pathak, Punjab Chief minister Bhagwant Mann and Delhi ministers Atishi and Saurabh Bharadwaj, are likely to grow within the party after its supremo Arvind Kejriwal's arrest weeks ahead of the Lok Sabha polls. The prospect of the Delhi chief minister's wife, Sunita Kejriwal, who has so far maintained a distance from politics, assuming a new role is also being discussed by people. In a post on X, Sunita Kejriwal said on Friday that her husband always stood with the people of Delhi and his arrest was a betrayal with them.
22.03 / 14:15
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SpiceJet clears dues, no longer in default, SC notified
Supreme Court on Friday took note of Swiss financial services firm Credit Suisse submission’s that SpiceJet has cleared its outstanding dues and is no longer in default as on date. A Bench led by Justice Hima Kohli while posting the matter for further hearing in July noted the submissions made by senior counsel Liz Mattews, appearing for Credit Suisse, that “matter should be taken up after three months to ensure that they (Spicejet) don’t default as they have been doing in the past,” The court was hearing a contempt petition filed by Credit Suisse against Singh over the non-payment of dues despite a court-approved commercial settlement arrived at between the Swiss firm and the low-cost airline in 2021. The dispute arises from SpiceJet's alleged failure to honour invoices raised by Credit Suisse.
22.03 / 14:15
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Congress in talks with 6 rebels for their return, offered them plum posts: Jai Ram Thakur
Jai Ram Thakur on Friday claimed that the Congress has been trying to woo back its six rebel leaders, who had cast their votes for the BJP candidate against party lines in the last month's Rajya Sabha polls. Addressing a press conference here on Friday, Thakur said that a piquant situation prevails in the party with rounds of persuasion taking place to bring the rebels back into the fold. The six Congress MLAs had been stripped off their state assembly membership last month. Later the party also removed them from internal posts. They still, however, remain in the party. The six have been camping outside Himachal since their rebellion.
22.03 / 14:15
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Uno Minda ties up with Starcharge Energy for EV chargers
Uno Minda on Friday said it has tied up with Starcharge Energy to manufacture and sell electric vehicle supply equipment in the country. The company has entered into a technical license agreement with Starcharge Energy Pte for wall-mounted AC chargers designed for home charging. «This collaboration further strengthens our dedication to 'Make in India' and for accelerating the nation's transition to a sustainable and electrified future,» Uno Minda Group CMD Nirmal K Minda said in a statement. StarCharge, a global leader in electric vehicle charging infrastructure and microgrid solutions, operates in 67 countries and regions with manufacturing facilities in the US, Vietnam, and China.
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