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Last updated on 28 Apr,2024 07:22 PM
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Refresh- LS Polls 2024 Phase 2 Voter Turnout: Maharashtra, UP, Kerala, MP, Bihar see fall in votingThe 2024 Lok Sabha elections are showing a trend of decreasing voter enthusiasm, with Phase 2 turnout lower than in 2019. Despite crossing 63.5% by 10 pm, the final figure is expected to fall well below 69.39% recorded in 2019. With 191 constituencies already polled, concerns arise over this trend continuing in the remaining phases. Factors like impending heat waves and historical turnout trends suggest India may not surpass the 67% record high seen in 2019, possibly reverting to pre-2019 levels.
- 'Not a single rupee was traced back to AAP': Delhi CM Arvind Kejriwal files response on ED's affidavit in SCKejriwal also said that there exists no proof or material demonstrating that the AAP received funds or advanced kickbacks from the South group, let alone utilising them in the Goa election campaign.
- Kejriwal is a 'sher,' nobody can break him, says Sunita Kejriwal at maiden Delhi roadshowWith Kejriwal behind bars in connection with a money laundering case, his wife is set to spearhead the party's poll campaign and hold roadshows, including one in the West Delhi Lok Sabha constituency on Sunday. She will also campaign for AAP candidates in South Delhi and New Delhi constituencies as well as in Gujarat, Haryana and Punjab, according to party leaders.
- You have put personal interest over national: Delhi high court to AAP governmentDelhi High Court lashes out at AAP govt for neglecting 2 lakh students in MCD schools, prioritizing personal over national interests. Criticizes lack of funding, textbooks, notepads, uniforms, tin-roofed classrooms, and issues with various authorities.
- FMCG companies: Buyers aware, sellers bewareFMCG companies face quality issues and regulatory actions, risking consumer trust. Nestle India, Patnajali, Bournvita controversy, and Hindustan Unilever rebrand amidst inflation challenges and omni-channel adoption. While stock meltdown and regulatory action are short-term risks, losing consumer trust is a long-term and bigger risk for an FMCG company.
- Yes Bank Q4 results: PAT jumps 123% to Rs 452 croreYes Bank Q4 Result: During the quarter ending on March 31, 2024, Yes Bank disclosed a standalone net profit of Rs 452 crore, marking a substantial increase of 123% compared to the Rs 202.43 crore reported in the same period the previous year. Furthermore, the bank's interest income saw a notable rise, reaching Rs 7,447.17 crore, a significant increase from Rs 6,216.24 crore reported in the corresponding quarter of the preceding fiscal year, reflecting a 20% year-on-year growth.
- PM Modi hell-bent on 'revenge' since Karnataka 'rejected' him in assembly polls, says CongressThe Congress party accuses Prime Minister Narendra Modi of seeking revenge on the people of Karnataka following their decisive rejection of him in the 2023 assembly elections. Congress General Secretary Jairam Ramesh alleges that Modi attempted to undermine Karnataka's Anna Bhagya food security scheme and reduced central transfers to the state.
- BJP opposes inheritance tax because of Adani, Ambani, says Advocate Prashant BhushanAdvocate Prashant Bhushan has voiced his support for the inheritance tax, urging the Congress party to embrace Sam Pitroda's stance on the issue. Bhushan highlighted that this tax would only affect the wealthy and could be used for development and employment. He criticized the BJP for opposing the tax, suggesting that their ties to wealthy individuals like Adani and Ambani influence their stance. This development comes after Congress distanced itself from Pitroda's earlier comments on the tax.
- How China's iPhone killer has sharpened its knifeHuawei's technological advancements and market dominance has posed a significant threat to Apple's iPhone in China. Despite US sanctions, Huawei's innovative high-end phones like the Mate 60 series continue to outperform Apple, leading to a decline in Apple's market share.
- Unemployment rate highest under Modi govt: Priyanka Gandhi VadraCongress leader Priyanka Gandhi Vadra criticized the Modi government's handling of jobs and inflation, highlighting the country's highest unemployment rate. Speaking at a rally in Udgir, Latur district, she stated that 30 lakh Central government posts have remained vacant for a decade. Gandhi promised to address these issues if Congress comes to power, including abolishing GST on agricultural equipment. She also expressed concern over democracy, alleging its weakening through actions like buying legislators and toppling governments, particularly in Maharashtra.
- US food regulator gathering information on Indian spices after alleged contamination in MDH and EverestThe US FDA is investigating Indian spice makers MDH and Everest after Hong Kong and Singapore halted sales of their products due to alleged cancer-causing pesticide levels. The FDA is gathering additional information about the situation, as MDH and Everest are under Indian regulator's scrutiny for quality standards. The spices are popular in India and sold in Europe, Asia, and North America.
- Public sector banks may get legal teeth on issuing lookout circularsThis follows a decision by the Bombay High Court earlier this week that said public sector banks (PSBs) don’t have the power to recommend, or ask, the central government for the issuance of LOCs against defaulting borrowers.
- Third Eye: Kerala poll a boiling cauldron, Rahul Gandhi criticises Bachchan family again and PM Modi's Malda rallyCongress leader Rahul Gandhi has once more taken aim at Amitabh Bachchan and Aishwarya Rai, suggesting they are perceived as serious figures compared to his own 'non-serious' political image. Meanwhile, Prime Minister Narendra Modi, speaking at a rally in Malda, expressed deep emotion at the enthusiastic reception, musing that he might have been a son of Bengal in a past life. In Kerala, scorching heat and humidity are adding to the challenges of election campaigning, turning the poll season into a grueling ordeal for candidates and campaigners alike.
- Bengaluru did it again: Nearly half of the voters give Lok Sabha polls a missBengaluru's voting apathy persists in 2024. Despite Election Commission efforts, Silicon Valley had low turnout. Urban areas like Bangalore Central, Bangalore North, and Bangalore South saw reduced percentages. Various initiatives were taken to boost voter turnout.
- West Bengal CM Mamata Banerjee sustains minor injuries while boarding helicopterThis incident occurred as she was enroute to a public rally in Asansol. Banerjee proceeded with her scheduled activities after receiving first aid.
- BJP will change Constitution if it returns to power, PM Modi a 'mehengai' man: Priyanka GandhiPriyanka Gandhi accuses BJP of planning Constitution change, criticizing PM Modi on inflation. Supporting Congress, she advocates for various reforms, challenging Modi's policies and highlighting issues faced by tribal populations.
- ICICI Q4 results: Net profit jumps 17% YoY to Rs 10,708 cr; announces dividend of Rs 10/shICICI Bank Q4 Result: India's second-largest private lender, disclosed a standalone net profit of Rs 10,707.53 crore for the quarter ending March 31, 2024. This marks a notable increase of 17.38% compared to Rs 9,121.87 crore reported in the corresponding period last year. Furthermore, ICICI Bank recorded an interest income of Rs 37,948.36 crore during the quarter, reflecting a robust growth of 22.33% from Rs 31,021.13 crore reported in the same period last year.
- View: For Tesla, India can perhaps wait for nowElon Musk, the charismatic CEO of Tesla, will need to get a whole lot of things in order at the company before deciding to invest in India. Till then, the country will be happy to keep its doors open for him even while all the action in electric is happening in China. This is irrelevant to India where there is no love lost with China and Tesla is assured VIP status here.
- How can BJP pretend to eradicate corruption when its 'washing machine' in full spin, alleges CongressThe Congress party has accused the BJP of sheltering corrupt leaders and failing to act against them once they join the ruling party. Congress leader Jairam Ramesh criticized the BJP's treatment of democracy in Goa, alleging that the party's washing machine for corrupt leaders was in full swing there. He questioned why action against former chief ministers accused of corruption halted once they joined the BJP. Ramesh also raised concerns about onion farmers in Maharashtra and accused the Modi government of neglecting them.
- An emergency slide falls off a Delta Air Lines plane, forcing pilots to return to JFK in New YorkDelta Air Lines jet faced a post-takeoff emergency at JFK, returning due to a slide issue on a 1990 Boeing 767. Crew reported a vibration, FAA confirmed, and the plane landed safely with 176 passengers.
- EVM VVPAT case: SC rejects pleas seeking paper audit of all votes, says 'blindly doubting can breed scepticism'The Supreme Court dismissed all petitions seeking 100% verification of Electronic Voting Machines (EVMs) with Voter Verifiable Paper Audit Trail (VVPAT) slips. A bench of Justices Sanjiv Khanna and Dipankar Datta delivered the verdict. The court stated it cannot intervene in elections solely based on doubts about EVM efficacy.
- LS Polls 2024 Phase 2 Voter Turnout: Maharashtra, UP, Kerala, MP, Bihar see fall in votingThe 2024 Lok Sabha elections are showing a trend of decreasing voter enthusiasm, with Phase 2 turnout lower than in 2019. Despite crossing 63.5% by 10 pm, the final figure is expected to fall well below 69.39% recorded in 2019. With 191 constituencies already polled, concerns arise over this trend continuing in the remaining phases. Factors like impending heat waves and historical turnout trends suggest India may not surpass the 67% record high seen in 2019, possibly reverting to pre-2019 levels.
- Kotak Bank reveals how Indian banks fail to keep up with Modi's ambitionsKotak Mahindra Bank Credit Card & Mobile Banking Curbs: Prime Minister Narendra Modi aims to export India's digital payments system worldwide, but faces obstacles as Indian banks struggle with outdated technology. Despite massive investments in tech to boost financial inclusion, banks are grappling with system glitches and cyber threats. The government urges modernization to safeguard the financial system and customer data.
- Tata Electronics building hi-tech machines to make iPhone casingTata Electronics is internally developing "very sophisticated" and complex high-precision machines used to produce the casing of these iPhone, sources told ET.
- Kejriwal is a 'sher,' nobody can break him, says Sunita Kejriwal at maiden Delhi roadshowWith Kejriwal behind bars in connection with a money laundering case, his wife is set to spearhead the party's poll campaign and hold roadshows, including one in the West Delhi Lok Sabha constituency on Sunday. She will also campaign for AAP candidates in South Delhi and New Delhi constituencies as well as in Gujarat, Haryana and Punjab, according to party leaders.
- An Adani project will put India on global maritime mapIndia's ambition to be a manufacturing powerhouse got a boost with Adani Group's Vizhinjam Port in Kerala getting approval to operate as India's first transshipment port. The port's strategic location between the Suez Canal and the Strait of Malacca will enhance India's global sea trade presence, attracting ultra-large container vessels and boosting container traffic.
- 'Not a single rupee was traced back to AAP': Delhi CM Arvind Kejriwal files response on ED's affidavit in SCKejriwal also said that there exists no proof or material demonstrating that the AAP received funds or advanced kickbacks from the South group, let alone utilising them in the Goa election campaign.
- You have put personal interest over national: Delhi high court to AAP governmentDelhi High Court lashes out at AAP govt for neglecting 2 lakh students in MCD schools, prioritizing personal over national interests. Criticizes lack of funding, textbooks, notepads, uniforms, tin-roofed classrooms, and issues with various authorities.
- PM Modi reprimands INDIA bloc for "misleading citizens" on EVM VVPAT issue, says SC ruling shattered their dreamsPrime Minister Narendra Modi hailed the Supreme Court's rejection of petitions for cross-verifying EVM votes with VVPAT, stating it shattered the dreams of those seeking to mislead the nation. The SC upheld EVM usage, rejecting calls for 100% verification, affirming the existing protocol and dismissing pleas for a return to paper ballots.
- FMCG companies: Buyers aware, sellers bewareFMCG companies face quality issues and regulatory actions, risking consumer trust. Nestle India, Patnajali, Bournvita controversy, and Hindustan Unilever rebrand amidst inflation challenges and omni-channel adoption. While stock meltdown and regulatory action are short-term risks, losing consumer trust is a long-term and bigger risk for an FMCG company.
- Yes Bank Q4 results: PAT jumps 123% to Rs 452 croreYes Bank Q4 Result: During the quarter ending on March 31, 2024, Yes Bank disclosed a standalone net profit of Rs 452 crore, marking a substantial increase of 123% compared to the Rs 202.43 crore reported in the same period the previous year. Furthermore, the bank's interest income saw a notable rise, reaching Rs 7,447.17 crore, a significant increase from Rs 6,216.24 crore reported in the corresponding quarter of the preceding fiscal year, reflecting a 20% year-on-year growth.
- PM Modi hell-bent on 'revenge' since Karnataka 'rejected' him in assembly polls, says CongressThe Congress party accuses Prime Minister Narendra Modi of seeking revenge on the people of Karnataka following their decisive rejection of him in the 2023 assembly elections. Congress General Secretary Jairam Ramesh alleges that Modi attempted to undermine Karnataka's Anna Bhagya food security scheme and reduced central transfers to the state.
- BJP opposes inheritance tax because of Adani, Ambani, says Advocate Prashant BhushanAdvocate Prashant Bhushan has voiced his support for the inheritance tax, urging the Congress party to embrace Sam Pitroda's stance on the issue. Bhushan highlighted that this tax would only affect the wealthy and could be used for development and employment. He criticized the BJP for opposing the tax, suggesting that their ties to wealthy individuals like Adani and Ambani influence their stance. This development comes after Congress distanced itself from Pitroda's earlier comments on the tax.
- 'He may even shed tears on stage': Rahul Gandhi accuses PM Modi of diverting attention from core issuesCongress leader Rahul Gandhi accuses Prime Minister Narendra Modi of diverting attention from core issues facing India, alleging that PM Modi might even "shed tears on stage." Rahul criticizes PM Modi's campaign against the Congress, accusing him of spreading lies and neglecting key issues like poverty and unemployment. He promises to redistribute wealth to the poor if Congress comes to power and pledges to scrap the ‘Agniveer' scheme, calling it an insult to the armed forces.
- Unemployment rate highest under Modi govt: Priyanka Gandhi VadraCongress leader Priyanka Gandhi Vadra criticized the Modi government's handling of jobs and inflation, highlighting the country's highest unemployment rate. Speaking at a rally in Udgir, Latur district, she stated that 30 lakh Central government posts have remained vacant for a decade. Gandhi promised to address these issues if Congress comes to power, including abolishing GST on agricultural equipment. She also expressed concern over democracy, alleging its weakening through actions like buying legislators and toppling governments, particularly in Maharashtra.
- Inheritance tax will hit middle-class, Congress is bringing in unimplementable ideas: FM SitharamanFinance Minister Nirmala Sitharaman criticized Congress for proposing an inheritance tax, fearing it would harm India's middle and aspiring classes. She voiced her concerns after voting in Bengaluru, highlighting the impact of such a tax on progress. Sitharaman also accused Congress of targeting PM Modi due to lacking positive agendas.
- 'Can't be a CEO in America if you aren't an Indian,' quips US Ambassador GarcettiUS Ambassador to India, Eric Garcetti, highlighted that over 10% of CEOs in Fortune 500 companies are Indian immigrants who studied in the United States. He emphasized the significant contributions made by Indian immigrants in various sectors, stating that it has become a prevailing trend for Indians to hold top executive positions in prominent American companies like Google, Microsoft, and Starbucks.
- How China's iPhone killer has sharpened its knifeHuawei's technological advancements and market dominance has posed a significant threat to Apple's iPhone in China. Despite US sanctions, Huawei's innovative high-end phones like the Mate 60 series continue to outperform Apple, leading to a decline in Apple's market share.
- Lok Sabha Elections: Uttar Pradesh, Maharashtra record lowest voter turnout at 53.7% and 53.8%; Tripura sees highest at 78.5%2024 Election Phase 2 Voters Turnout: In the second phase of Lok Sabha elections, Uttar Pradesh reported the lowest polling percentage at 52.64%, while Tripura had the highest at 76.23% by 5 pm. Various states and Union Territories participated in voting, including Kerala, Karnataka, Rajasthan, Uttar Pradesh, Madhya Pradesh, Assam, Bihar, Chhattisgarh, West Bengal, Manipur, and Jammu and Kashmir.
- Asia’s richest banker Uday Kotak loses $1.3 billion after RBI’s banKotak Bank shares tumbled as much as 13% on Thursday after it was barred from adding new customers through its digital channels and from issuing fresh credit cards. As the largest shareholder with a stake of almost 26%, the billionaire founder bore the heaviest brunt from the selldown, the most in four years.
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