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Refresh- Reliance Capital lenders urge Hinduja Group arm to stick to resolution plan deadline
Lenders of Reliance Capital urge IndusInd International Holdings Ltd (IIHL) to accelerate regulatory approvals for the resolution plan, emphasizing the May 27 deadline. IIHL is expected to pay Rs 9,650 crore by then. Delays in IRDAI approval for the transfer of insurance businesses raise concerns over meeting deadlines.
- US President Biden pokes fun at Trump, age critiques ahead of presidential election
At the WHCA dinner, Biden humorously criticized Trump, joked about age and election, amidst Israel-Hamas war protests, his VP's endorsement, and a comedic roast by Colin Jost, with no direct mention of conflicts or protests in his speech.
- TikTok creators fear economic blow of US ban
Ayman Chaudhary turned her love for reading into a living on TikTok, posting video snippets about books like those banned in schools in ultra-conservative parts of the United States. She saw books she extolled snapped up by readers, as she shined attention on titles banned from schools or libraries in parts of the country.
- ET Explains: The regulatory benefits for small finance banks transitioning to universal banking
RBI sets criteria for small finance banks to become universal banks, with benefits like improved branding and regulatory advantages. Criteria include Rs 1000 crore net worth, low non-performing assets, profitability, and listing requirements.
- Seven states held assembly sessions stretching for over six months in 2023 with long adjournments: Report
State assemblies in India met for an average of 22 days in 2023, with an average duration of five hours. Seven states continued sessions for over six months without proroguing them, with long gaps between sittings. The Constitution mandates state legislature sessions to be held at least once every six months. Almost 62% of sittings were held during the budget session. In 2023, over 500 bills and state budgets worth over Rs 53 lakh crore were passed.
- Indian startup The ePlane to develop electric air taxi prototype by March 2025
The ePlane Company, from IIT Madras, aims to develop a flying electric taxi prototype by March, along with drones commercialization and eVTOL aircraft to alleviate urban congestion. InterGlobe Enterprises and Archer Aviation plan an all-electric air taxi service in India.
- A Hindu festival in southwestern Pakistan brings a mountainous region to life
In southwestern Pakistan's Hingol National Park, Hindu pilgrims ascend steep mud volcanoes to reach the ancient cave temple of Hinglaj Mata during the Hinglaj Yatra. Over 100,000 devotees participate, seeking blessings and forgiveness. The festival features rituals, offerings, and festive activities, drawing Hindus from across Pakistan amid regional tensions.
- IPL Portfolio: Picking stocks like selecting a cricket team, says Arvind Kothari
Arvind Kothari draws parallels between crafting investment portfolios and selecting cricket teams, advocating a mix of specialists, all-rounders, and x-factor options to navigate market dynamics and outperform the competition. "Our investment portfolio primarily focuses on high-growth sectors that have significant potential for future growth and are expected to perform well, such as Make in India, Recycling Trends, Energy Transition, Consumption, and Defense, among others."
- Congress urges ECI to probe 'terrible mismanagement' of Lok Sabha polls in Kerala
The Kerala Congress alleges severe mismanagement in the April 26 Lok Sabha polls, urging the Election Commission to conduct a comprehensive inquiry. Citing delays, voter list discrepancies, and EVM malfunctions, they criticize officials' lackluster attitude. However, the Chief Electoral Officer defends the process, citing satisfactory completion and improved EVM performance.
- T20 World Cup: Ajit Agarkar, Rohit Sharma set to meet informally in Delhi ahead of squad announcement
Ajit Agarkar, the chairman of the national selection committee, is set to meet with skipper Rohit Sharma in New Delhi to discuss the potential 15-member squad for the T20 World Cup in the USA. The formal announcement is scheduled for May 1, aligning with the ICC event's cut-off date. The focus remains on Hardik Pandya's bowling fitness, with Tilak Varma emerging as a potential wildcard.
- Congress, CPI(M) helping BJP in Bengal: Mamata Banerjee
Banerjee condemns Congress-CPI(M) for supporting BJP in Bengal, vows TMC's solo fight. Criticizes Modi, mentions SSC recruitment issue, and TMC's role in INDIA alliance. Alleges collusion on teaching job matters.
- Mohan Bhagwat trashes viral clip, says RSS supports reservations guaranteed under Constitution
Rashtriya Swayamsevak Sangh (RSS) chief Mohan Bhagwat has clarified that the Sangh has always supported quotas as guaranteed and sanctioned under the Constitution. Speaking at an event to mark the inauguration of Vidya Bharati Vignana Kendra (VBVK) in Hyderabad, Bhagwat defended the Sangh's stance on reservations, stating that the Sangh has always stood for them as long as necessary for those who need it.
- Ahead of Market: 10 things that will decide stock action on Monday
Domestic benchmark equity indices experienced a decline on Friday, primarily due to weakness in the financial sector. However, these losses did not overshadow the weekly gains, which were fueled by a post-results rally in key index constituents and reduced concerns regarding the Middle East. Here is what some key indicators are suggesting for Monday's action.
- Talks with China going on smoothly, India will never bow down: Rajnath Singh
Defence Minister Rajnath Singh assures talks with China are progressing positively, emphasizing India's unwavering stance. He asserts India's strengthened military position and commitment to fostering good relations with neighbors. Singh highlights significant growth in defence exports and reaffirms the government's dedication to indigenous defence production, marking achievements in this sector
- Let facts come out after probe: Ex-CM Kumaraswamy on nephew's alleged explicit video clips
Kumaraswamy awaits probe facts on nephew Prajwal Revanna's sex scandal. No forgiveness for lawbreakers. Explicit video clips in circulation. SIT investigates JD(S)-BJP alliance candidate. Deve Gowda's involvement. SIT tasked to retrieve if abroad.
- Host Saudi warns of economic fallout from Gaza war at global summit
Saudi Arabia urges regional stability amid the Israel-Hamas conflict, hosting a summit attended by mediators. Concerns about economic impact arise. Palestinian President urges US intervention. Saudi pushes its Vision 2030 amid challenges. The summit focuses on Gaza humanitarian situation and Iran. Saudi seeks global engagement despite regional tensions.
- The Beatles' 'Let It Be' docuseries makes a comeback after 54 years
After 54 years, the Beatles' iconic film 'Let It Be' is making a comeback, restored and revived by director Peter Jackson's team. Originally directed by Michael Lindsay-Hogg in 1970, the film captured the band's tumultuous recording sessions and internal dynamics as they worked on what would be their final album. Despite being largely unseen for decades, 'Let It Be' is now set to stream on Disney+ in collaboration with Apple Corps, promising a fresh look at the band's late-stage creativity and relationships.
- Mosque cleric allegedly beaten to death by masked men in Rajasthan; attackers threaten children present at crime scene
Mohammad Tahir, a mosque cleric in Ajmer, was fatally attacked by masked men. The assailants threatened children present and fled the scene. Efforts to apprehend the perpetrators are ongoing under the Indian Penal Code.
- Who is Sahil Khan? Actor and fitness influencer arrested in Mahadev betting app scam
Sahil Khan, a prominent Bollywood actor and fitness influencer, has been detained by Mumbai's cyber cell SIT in connection with the Mahadev betting app scam. His arrest follows the denial of pre-arrest bail by the Bombay High Court. Khan's involvement is linked to promoting online betting platforms, particularly the Khiladi Book associated with Mahadev. The case, estimated at Rs 15,000 crore, reflects broader scrutiny of illegal transactions in Maharashtra.
- Banks may have to slowdown loan growth in FY25: S&P
S&P Global Ratings forecasts robust credit growth, profitability, and asset quality for Indian banks in FY25, yet warns of potential slowdown in loan growth due to tepid deposit growth. Loan-to-deposit ratios are deteriorating, urging banks to align loan growth with deposits to maintain profitability amid higher wholesale funding costs.
- Many poll officials feared missed out on voting in Bengaluru as their ballot slips never came
Election officials in Bengaluru, assigned to ensure voting fairness, were deprived of their own votes due to administrative lapses. Despite reminders, many didn't receive ballot papers or postal ballots. They express disappointment and plan to complain to the Election Commission, highlighting the irony of being denied their voting rights.
- Weather agencies issue maximum temperature warning for 12 districts in Kerala for next five days
Meteorological department warns of high temperatures in 12 Kerala districts with a heat wave possibility in specific areas. Alerts issued by IMD and State Disaster Management Authority for affected regions.
- Q4 results this week: Adani group to lead as 211 companies will declare earnings
With 211 companies announcing quarterly results this week, investors are particularly watching out for major names like Kotak Mahindra Bank, DMart, Ultratech Cement, Indian Oil, and many others across various industries.
- Saudi Arabia's Vision 2030 projects to be adjusted as needed, finmin says
Saudi Arabia has adjusted Vision 2030 plan for economic growth quality, focusing on global collaboration, tourism, private sector expansion, and job creation per Finance Minister Mohammed Al Jadaan at World Economic Forum in Riyadh.
- Russia threatens West with severe response if its assets are touched
Russian Foreign Ministry spokeswoman Maria Zakharova said Russia would never cede territories seized from Ukraine in exchange for the return of frozen assets, while Kremlin spokesman Dmitry Peskov said in a separate comment that there was still a lot of Western money in Russia which could be targeted by Moscow's counter-measures.
- Pakistan appoints Gary Kirsten and Jason Gillespie as cricket coaches
The Pakistan Cricket Board has appointed Gary Kirsten and Jason Gillespie as head coaches in white-ball and red-ball cricket respectively. Kirsten will take charge of the Pakistan team after completing his assignment in the Indian Premier League, where he is serving as batting coach and mentor to 2022 champion Gujarat Titans. Pakistan is scheduled to play seven Twenty20s next month, three against Ireland and four against England, ahead of the T20 World Cup in the US and the Caribbean in June.
- SC to hear Arvind Kejriwal's plea against arrest in money laundering case on April 29
Delhi CM Kejriwal challenges his arrest in a money laundering case before the Supreme Court, alleging misuse of powers by the Enforcement Directorate just before elections. The case involves the alleged excise policy scam.
- Best SPF Infused Makeup for Summer in India for Addition Sun Protection (2024)
Are you looking to provide your skin with additional sun protection this summer? If so, then buy SPF infused makeup which will provide your skin with an additional layer of SPF protection. It will aid the sunscreen in guarding your skin against the harmful UV rays.
- Vedanta best-placed to ride rising commodity prices, say analysts
Mining conglomerate Vedanta Ltd is expected to see less pressure on cash flows after liability management at the holding company level, and is now best placed to ride rising commodity prices. The company's improved performance in aluminium, power, and zinc led to an EBITDA of Rs 87,600 crore in the January-March quarter, up by 4% quarter-on-quarter. Vedanta is set to complete its alumina/aluminium/international zinc expansion during the current fiscal year (FY25), providing visibility around volume growth and cost reduction FY26 onwards.
- Mafias in UP now pleading "jaan baksh do ek baar..." under BJP govt, says CM Yogi
Yogi Adityanath highlights mafias surrendering in Uttar Pradesh under BJP rule. Criticizes opposition parties and discusses the ongoing Lok Sabha elections in the state, where BJP emerged victorious in 2019.
- Nainital forest fires: IAF helicopter assists in firefighting for 2nd day, blaze doused in many areas
The forest fires are gradually being controlled with the flames already doused in many areas. The fires in Marora and Khanana civil areas in Maniknath range of the Narendranagar forest division have been completely extinguished, officials said.
- For all seasons & good reasons: 5 largecap stocks from different sectors for long-term investors
When it comes to the word “ largecap” a large part of the street still associates it with stocks which form part of Nifty or others which remain in news very often. But there are not so well known largecap names which have outperformed the markets both in bearish and bullish phases. The only common thread is the track record of business going through both good and bad phases and still being able to stand out. As bulls make a comeback, these stocks may get more attention and when bears come they may be able to hold their ground better.
- Need to be watchful about steel imports: Tata Steel's T V Narendran
Tata Steel CEO T V Narendran has urged caution amid a surge in steel imports in India, which has risen 38% to 8.319 million tonnes in the 2023-24 financial year. He said the situation would be a "pity if the situation continues in the long run" and called for the government to address unfair imports. Steel consumption is expected to grow 8-10% in the 2024-25 fiscal year. India's crude steel production increased 14% in FY24.
- NTA announces expected dates for CUET UG's city slips and admit card. Here are the details
The National Testing Agency (NTA) is likely to announce the information regarding the city of examination for CUET-UG by May 5 or earlier. Mamidala Jagadesh Kumar, Chairman, University Grants Commission (UGC) took to his official X handle and tweeted, "The National Testing Agency is likely to announce the City of Examination information for CUET-UG by 5th May or earlier. Downloading Admit Cards from the NTA website will begin in the second week of May 2024."
- Lok Sabha elections: NRIs hold car rally from Ahmedabad to Surat in support of PM Modi
NRIs show support for BJP and PM Modi in a car rally from Ahmedabad to Surat during Lok Sabha polls. Overseas Indians from various countries demonstrate solidarity with Modi's leadership across the world.
- Dubai plans to move its busy international airport to a $35 billion new facility within 10 years
Dubai International Airport will move to Al Maktoum International Airport at Dubai World Central, costing $35 billion. Sheikh Mohammed bin Rashid Al Maktoum's announcement highlights Emirates' importance in Dubai's economic recovery.
- Macrotech Developers to invest Rs 5,000 crore in FY25 on construction of realty projects: Abhishek Lodha
Macrotech Developers, led by Abhishek Lodha, aims to invest over Rs 5,000 crore this fiscal year. The company plans to deliver 10,000+ units, expand to Bengaluru, and target sales worth Rs 17,500 crore.
- Boult IPO likely next year, says co-founder Varun Gupta
Indian consumer tech brand Boult plans to go public next year, with a revenue benchmark of Rs 1,000 crore in FY25, as it expands into international markets and new categories, according to its co-founder Varun Gupta.
- CBSE expected to announce result for class 10, 12 soon at results.cbse.nic.in. Check date, steps to check your marks and other details here
Students who took the Central Board of Secondary Education's (CBSE) class 10 and 12 exams can anticipate receiving their results prior to May 15. Once declared, they can access their results on CBSE's official websites, cbse.nic.in and results.cbse.nic.in, by logging in with their credentials. The board is likely to announce the specific date and time for the results. Additionally, students can check their scores through SMS service, Digilocker, and the UMANG application.
- Modi runs govt for billionaires, Naveen Patnaik for select few: Rahul Gandhi
Congress leader Rahul Gandhi accused Prime Minister Narendra Modi of running a government for billionaires in Delhi and Chief Minister Naveen Patnaik of leading a dispensation for select people in Odisha. He claimed that both the BJD and BJP were working together, and that Patnaik's aide VK Pandian was running the BJD government.
