Bomb threat: Security up at Mangaluru Airport

Mangaluru (Karnataka), Security has been beefed up at the Mangaluru International Airport (MIA) after the airport authorities received an email about a bomb scare, police said on Saturday. Following the threat received on April 29, the CISF and the police got into multiple levels of security sweeps all over the airport. A First Information Report has been registered in Bajpe police station stating that a certain group identifying itself as 'Terrorisers 111' had sent the emails. The FIR quoting the email has stated that here are explosives placed in three places in the airport and we expect large scale bloodshed will happen. This warning and threat should not be taken lightly. Commissioner of police of Mangaluru city Anupam Aggarwal has confirmed that the FIR has been registered. According to sources, the MIA along with over 30 other Airport Authority of India and private airports received a bomb threat on mail on April 29, 2024. The mail was sent to 90+ email IDs of airports and security agencies - CISF. As per protocol, the MIA complained to the jurisdictional Bajpe police station where an FIR has been registered. According to the Indian Airports Manual, airport security machinery anywhere in the country takes up total search operations and ramps up security sweep. The standard protocol is followed every time when such threats surface. The 'terrorisers 111' has used the email address of the airports that is notified on the public websites of the airports.

Ban on onion export lifted; MEP of $550/tonne imposed

The government on Saturday lifted the ban on onion exports but imposed a minimum export price (MEP) of $550 per tonne, amid ongoing Lok Sabha elections in the country. Last night, the government imposed a 40 per cent duty on export of onions. In August last year, India had imposed a 40 per cent export duty on onions up to December 31, 2023.

Income tax: Home loan benefits when two houses are self-occupied

There is no restriction on the number of houses a person can own under the provisions of the Income Tax Act. Likewise, there is no restriction on the number of houses a person can avail of the tax benefits for a home loan

Is the worst of geopolitical crises over?

Global financial markets are wrong in hoping that the worst is over in geopolitical crises such as the Iran-Israel conflict and the Russia-Ukraine war, wrote Christopher Wood, global head of equity strategy at Jefferies, in a recent note to investors called 'GREED and fear'. While most investors and the media are focused on United States (US) Federal Reserve policy and the endless chatter of Fed governors, Wood believes the news flow in the financial sphere pales into complete insignificance compared with the ectonic shifts going on in geopolitics.

India removes duty on chana, extends import window for yellow peas again to boost pulses supplies

Government reduced import duty on chana to nil which comes in effect from today

Evaluating the Impact of regenerative agriculture

80% of farmer respondents witnessed soil health improvement, 70% experienced increased food production

Rahul writes to K'taka CM over Prajwal's scandal

Real Estate Sector 86% , Delhi Bengaluru

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Indian investors should think about bond investments, say experts; here's why

SEBI's move to reduce the face value of debt securities from 1 lakh to 10,000 has made bonds more accessible to retail investors, potentially increasing their involvement in the corporate bond market and improving liquidity.

Luminar layoffs: Sensor maker to cut nearly 20% jobs

How crazy would it be if Buffett bought Boeing?

How Delhi's K-9 unit is defusing bomb threats

Income Tax: As ITR forms enabled to file returns, check here which form you would require

The income tax (I-T) department has released the excel utility of ITR-6 for AY 2024-25. Prior to this, the department enabled the excel utility of ITR-1, ITR-2 and ITR-4 for AY 2024-25.

Bajaj Finance sinks 8% amid rising NIM pressure

Investors shunned shares of Bajaj Finance on Friday, a day after the non-banking financial company (NBFC) reported a sharp contraction in its net interest margin (NIM) for the March quarter of the financial year 2023-24 (Q4FY24). The losses accounted for a fifth of the benchmark S and P BSE Sensex's 609-point loss. Most brokerages have tamed their earnings expectations for the next couple of quarters, after the management said it expected the pressure on NIMs to continue in the near term.

Onion exports: India lifts ban on sending onions out of the country

India has lifted the ban on onion exports after almost six months. The Directorate General of Foreign Trade set the Minimum Export Price at $550 per tonne. Onions have historically influenced India's political landscape during elections.

The Fall Guy: Valuable money lessons from Ryan Gosling's new film

The film The Fall Guy features non-stop action and witty repartee, paying homage to unsung heroes who perform stunts. It also highlights the importance of giving credit to those who support your financial journey.

ET Roundtable I EAM Jaishankar counters Biden's 'India Xenophobic' remarks

'India is proud of its Panchayati Raj system': Indian Ambassador Ruchira Kamboj

US colleges invite discussion to end campus protests

India new land of rising sun for auto exports

India's auto industry attracts global players like Honda and Suzuki for exports, with a focus on quality and cost efficiency. The country's emergence as a key manufacturing hub reflects its appeal to major auto manufacturers.

NIIF-owned Ayana Renewable Power gets high five from bidders

The bids were submitted after allowing time to the suitors to conduct a limited due diligence that included access to some data and confidential financial information. As the next step, NIIF will communicate a shortlist of suitors over the next few weeks after which two or at best three will be allowed to conduct detailed due diligence, according to the sources.

Non-compete agreement: Godrej vs Godrej a no-no even in realty business

Godrej Properties, which is part of GIG, will have the right to use the brand for real estate development. GEG entity Godrej & Boyce will use the brand for any development on land parcels it owned on January 1 and it will not undertake any development outside of those holdings.

FSSAI allows 10 times more pesticide residue in herbs, spices

India dilutes pesticide norms for herbs and spices, raising MRL to 0.1mg/kg. Activists fear harm to exports. Concerns include health risks, cumulative pesticide effects, and harm from unknown pesticides on imports.

A bipolar contest in Gujarat's Banaskantha

Sony, Apollo express interest in buying Paramount

A one-sided contest now in Amethi: Smriti Irani

Rahul's Raebareli move sparks debate within Cong

Can Pralhad pull off another win against upbeat Cong?

KKR beat MI in an away game after 12 years

Kolkata Knight Riders' bowlers rose to the occasion and defended a modest total en route to a 24-run win over Kolkata Knight Riders in an Indian Premier League match on Friday. Incidentally, it was KKR's first win over MI in Mumbai after 12 years. Opting to bowl, Jasprit Bumrah (3/18) was at his best as MI bowled out KKR for a modest 169. Sri Lankan medium pacer Nuwan Thushara (3/42) blew the top-order while Bumrah was menacing at the back end with skipper Hardik Pandya (2/44) also getting a couple of wickets. For KKR, Venkatesh Iyer (70 off 52) and Manish Pandey (42 off 31) made significant contributions to take the visitors to a decent but sub-par total. But MI faltered in their chase as they were bowled out for 145 in 18.5 overs. Suryakumar Yadav (56 off 35) and Tim David (24 off 20) were the notable contributors for MI in their failed chase. Mitchell Starc was the best bowler for KKR with figures of 4 for 33, while Varun Chakravarthy (2/22), Sunil Narine (2/22) and Andre Russell (2/30) picked up two wickets apiece. Brief Scores: Kolkata Knight Riders: 169 all out in 19.5 overs (Venkatesh Iyer 70, Manish Pandey 42; Jasprit Bumrah 3/18, Nuwan Thushara 3/42). Mumbai Indians: 145 all out in 18.5 overs (Suryakumar Yadav 56; Mitchell Starc 4/33).

7 Adani cos have received Sebi show cause notices

Seven out of the 10 listed firms of Adani group have received show cause notices from the Securities and Exchange Board of India (Sebi) for alleged violation of related party transactions and non-compliance with listing regulations, the companies said in their regulatory filings to the stock exchanges. While group's flagship Adani Enterprises Ltd, renewable energy firm Adani Green Energy Ltd (AGEL) and city gas distributor Adani Total Gas Ltd said Sebi sent notices of their parent or holding company controlled by conglomerate's chairman Gautam Adani, ports company Adani Ports and Special Economic Zone, Adani Power, electricity transmission firm Adani Energy Solutions, and commodities firm Adani Wilmar said they have received Sebi notices.

India imposes export duty of 40% on onions

Currently, the export of onion is banned. However, the government allows shipments to India's friendly nations. It has permitted a specified quantity of onion exports to UAE and Bangladesh.

Canada arrests 3 Indians in Nijjar case

Canadian police on Friday arrested three Indian nationals believed by investigators to be members of an alleged hit squad tasked by the government of India with the killing of Khalistan separatist Hardeep Singh Nijjar in Surrey last year, police said.Royal Canadian Mounted Police (RCMP) Assistant Commissioner David Teboul said that three people have been arrested and charged in the killing of Sikh activist Nijjar.Addressing a press conference on Friday, he said that in addition to the murder case, separate investigations are looking into possible connections to the Government of India, The Toronto Star newspaper reported.Teboul stressed that the murder remains very much under active investigation, CTV News reported.There are separate and distinct investigations ongoing into these matters, certainly not limited to the involvement of the people arrested today, and these efforts include investigating connections to the government of India, he was quoted as saying by the news channel. The ties between India and Canada came under severe strain following Canadian Prime Minister Justin Trudeau's allegations in September last year of the potential involvement of Indian agents in the killing of Nijjar.India has dismissed Trudeau's charges as absurd and motivated.During the press conference, Superintendent Mandeep Mooker, who leads the Integrated Homicide Investigation Team, said that the suspects were not known to the police before the investigation into Nijjar's death.Mooker identified the suspects as Karan Brar, Karanpreet Singh and Kamalpreet Singh, all men in their 20s, who were arrested on Friday in Edmonton.Mooker said all three are Indian nationals and have been living as non-permanent residents in Canada for the last three to five years.He also said coordination with India has been challenging and rather difficult for the last several years.Mooker said that his investigation has relied on the Sikh community's support.We would not be at this point without the bravery and courage of the Sikh community coming forward with information for this investigation, he said, adding that he believes they will continue to come forward for any future investigations, according to the report.Court documents show Karanpreet Singh, Kamalpreet Singh and Karan Brar are each facing one count of first-degree murder and one count of conspiracy to murder in Nijjar's death.Nijjar, 45, was gunned down outside his gurdwara in Surrey, B.C., on June 18, 2023. He was a Canadian citizen.A report in Global News citing sources said that the suspects had entered Canada on student visas but may have been working at the direction of Indian intelligence when they shot Nijjar.According to court records, Brar has been charged with a murder that occurred in Surrey on June 18, 2023. He also faces a charge of conspiracy to murder on May 1, 2023, in Edmonton and Surrey, the report said.Talking to reporters, Canada's Public Safety Minister Dominic Leblanc declined to confirm the Indian government connection, saying such questions are best addressed by the RCMP.I have full confidence in the security apparatus of the government of Canada and the work of the RCMP, and the work that the (Canadian) Security Intelligence Service does, Leblanc said.I think the police operation that you see ongoing today confirms that the RCMP take these matters extremely seriously. But questions with respect to particular links or non-links are properly put to the RCMP, he added.The indictments Friday allege the conspiracy unfolded in both Surrey and Edmonton between May 1, 2023, and the date of Nijjar's killing.Quoting sources close to the investigation, the Canadian Broadcasting Corporation (CBC) reported that the police are actively investigating possible links to three additional murders in Canada, including the shooting death of an 11-year-old boy in Edmonton.Members of the hit squad are alleged to have played different roles as shooters, drivers and spotters on the day Nijjar was killed at the Guru Nanak Sikh Gurdwara in Surrey in British Columbia, according to the sources.Sources said investigators identified the alleged hit squad members in Canada some months ago and have been keeping them under tight surveillance.India had on Thursday rejected fresh comments by Prime Minister Trudeau on the killing of Nijjar and said the remarks once again illustrated the political space given in Canada to separatism, extremism, and violence.Trudeau addressed a Khalsa Day event in Toronto on Sunday that was attended by some pro-Khalistan supporters.On the sidelines of the event, he told the media that the killing of Nijjar in British Columbia in June last year created a problem and that he cannot ignore it, in an apparent reference to his earlier allegations of involvement of Indian agents in the assassination.PM Trudeau has made such remarks earlier as well. His remarks illustrate once again the political space that has been given in Canada to separatism, extremism, and violence, External Affairs Ministry spokesperson Randhir Jaiswal said in New Delhi at his weekly media briefing.This not only impacts India-Canada relations but also encourages a climate of violence and criminality in Canada to the detriment of its own citizens, he said when asked about Trudeau's remarks.India on Monday also summoned the Canadian deputy high commissioner and lodged a strong protest with him over the raising of pro-Khalistan slogans at the event in the presence of Trudeau and several other leaders. Nijjar was a Khalistani separatist and he was wanted in India on various terror charges.It is a problem in our relations with India because we cannot ignore that, Trudeau said on the killing of Nijjar.Days after Trudeau's allegations, India asked Ottawa to downsize its diplomatic presence in the country to ensure parity. Subsequently, Canada withdrew 41 diplomats and their family members from India.India has been asserting that its core issue with Canada remained that of the space given to separatists, terrorists and anti-India elements in that country.Following Trudeau's allegations last year, India temporarily suspended the issuance of visas to Canadian citizens. The visa services were resumed several weeks later.(With PTI inputs)

CBS Orders 'Sheriff Country' spinoff series Premiere date revealed

CBS' choice to move forward with a Fire Country spinoff doesn't come as a shock, considering the drama's status as the most-watched new broadcast series last season, with an average of 8 million viewers per episode, totaling 10 million in live+35 multi-platform viewing.

Karnataka water crisis: NGT seeks cricket association's reply on water sources in Chinnaswamy stadium

NGT asks KSCA for water source details in M Chinnaswamy stadium for IPL amid state water crisis. BWSSB permits treated water supply. Approval for 64,000 liters treated water daily for non-drinking use.

RBI issues draft guidelines on infrastructure finance

RBI introduces rules to enhance infrastructure funding and risk management through project lending guidelines, covering aspects like consortium lending, moratorium limits, and NPV requirements for lenders. The RBI also proposed that the original or revised repayment tenor, including the moratorium period, if any, should not exceed 85% of the economic life of the project.

An AI-powered fighter jet took the Air Force''s leader for a historic ride

Air Force Secretary Frank Kendall flew in an AI-controlled F-16 jet, showcasing its combat potential. The AI's performance at Edwards Air Force Base impressed Kendall, leading to his confidence in entrusting it with weapon-launching decisions.

Angered by woman's love marriage, her family cut off husband's nose in Rajasthan

A man's nose was cut off by his wife's family due to a love marriage, leading to hospitalization. The assault occurred on Pali-Jodhpur highway in Rajasthan, prompting legal action against several individuals.

Maldives reviews withdrawal of military personnel

Microfinance Interventions and Their Impact on Womens Empowerment and in Developing Countries

What is Microfinance? Microfinance is a financial service that provides small loans, savings accounts, insurance, and other financial products to individuals who typically lack access to traditional banking services. It targets low-income individuals, particularly in rural and underserved areas, who may not have collateral or a credit history to qualify for loans from commercial banks. Continue reading Microfinance Interventions and Their Impact on Womens Empowerment and in Developing Countries

RBI releases draft framework for lenders project financing in infrastructure and real estate sectors

Projects financed under consortium arrangements, where the aggregate exposure of the participant lenders is up to 1,500 crores, no individual lender can have an exposure which is less than 10 per cent of the aggregate exposure even

Rohith Vemula not a Dalit: Police in report

Jeff Daniels plays real estate mogul. Is 'A Man in Full' a political satire of Donald Trump?

'A Man in Full' is a political satire about former US President Donald Trump. The protagonist a real estate mogul, Charlie Croker, is a better man than Trump and the series is the tale of a man who has built most of his overvalued empire on confidence.

Income tax: Close to 6 lakh IT returns filed within 30 days of portals opening, two-thirds processed, says report

Early filing can help taxpayers get refunds sooner. Additionally, it gives them more time to revise or correct returns without penalty, say experts.

Prajwal Revanna raped me at gunpoint and made videos, alleges JD(S) worker

CID investigates rape case against Prajwal Revanna, facing sexual abuse allegations. SIT probes amid explicit video circulation, escalating risks for NDA-JD(S) alliance and legal repercussions.

Amit Shah fake video case: Delhi Police arrest Arun Reddy, who handles the 'Spirit of Congress' X account

The Delhi police arrested Arun Reddy in connection with the 'deepfake morphed video' case involving Union Home Minister Amit Shah. Reddy managed the 'Spirit of Congress' account on social media platform X. The alleged fake video depicted Shah expressing opposition to reservations, a claim refuted by the BJP. Earlier, summonses were issued to Telangana Chief Minister A Revanth Reddy and four Telangana Pradesh Congress Committee (TPCC) members.

Congress finds itself incompetent in Modi government's politics of report card and performance: JP Nadda

Nadda criticizes Congress's stagnant agenda, praises PM Modi's leadership for shifting focus to development. Highlights Chandrayaan-3 success and India's global presence under Modi's governance.

Uzbekistan positions itself as a regional investment hub

Uzbekistan positions itself as a regional investment hub amid reforms and a focus on the market economy, attracting foreign investments, including from India. The Third Tashkent International Investment Forum, held on May 2-3, aimed to boost investments. President Shavkat Mirziyoyev participated, along with representatives from various countries. The forum has become a platform for bilateral and multilateral investment cooperation.

Sebi announces new rules for onboarding of clients by portfolio managers an explainer

Before onboarding, a portfolio manager and the client will enter into a written agreement that clearly defines the relationship and sets out their mutual rights.

Sensex tumbles 733 points amid broad-based selloff

From the Sensex basket, Larsen and Toubro, Maruti, Reliance Industries, Nestle, Bharti Airtel, UltraTech Cement, Kotak Mahindra Bank and JSW Steel were among the major laggards. Bajaj Finance climbed nearly 1 per cent higher.

FM Sitharaman refutes reports of income tax changes after Lok Sabha election results

Finance Minister Nirmala Sitharaman has refuted media reports that said the new government will bring some sweeping changes in the income tax system after the Lok Sabha election results.

Bad news for chai lovers! Heat wave worries reach North Bengal as tea biz suffers

Tea industry shortage due to heat wave: Certain districts of North Bengal are experiencing high temperatures, adversely affecting the tea crop.

Square Yards breaches Rs 1,000 Cr revenue in FY24, turns EBITDA profitable in Q4

Proptech firm Square Yards has crossed the 1,000 crore revenue mark during the fiscal year ending in March 2024, according to the companys provisional financial statement reviewed by Entrackr. The Gurugram-based company saw around 50% growth in its total revenue in FY24 to Rs 1,000 crore from Rs 663 crore in FY23. The operating revenue Continue reading Square Yards breaches Rs 1,000 Cr revenue in FY24, turns EBITDA profitable in Q4 The post Square Yards breaches Rs 1,000 Cr revenue in FY24, turns EBITDA profitable in Q4 appeared first on Entrackr .

Vande Metro first look out! Vande metro route, timings, launch date, speed, features

Vande Metro train: The Rail Coach Factory in Kapurthala, Punjab, rolled out the first Vande Bharat Metro, a short-distance version of the Vande Bharat Express trains revealing its first look.

Raymond's board approves demerger of engineering biz for its foray into aerospace, defence, EV

The boards of Raymond's various subsidiaries have approved a demerger of its engineering business to allow it to expand into sunrise sectors like aerospace, defense, and electric vehicle components. The merger will consolidate Raymond's engineering and MPPL businesses, aiming for profitable growth and segregation.

India's IPO market set to break May jinx

'Sell in May, go away' is a popular market adage. But 'Don't sell any new shares in May' is the best kept secret of Dalal Street that's set to break. Sample this: the last four General Election election cycles starting 2004 have not seen a single initial public offering (IPO) launch during the month of May.

Biden administration says 1 lakh new migrants are expected to enroll in 'Obamacare' next year

The Biden administration has released a directive allowing approximately 100,000 children of US immigrants to enroll in the Affordable Care Act's health insurance next year. The move falls short of Biden's initial proposal to allow these migrants to sign up for Medicaid. However, it will allow thousands of migrants to access tax breaks when they sign up for coverage.

INDIA bloc supports anti-national forces and are against Lord Ram, says JP Nadda

In an election rally in Gujarat's Dahod, Nadda said several INDIA bloc leaders are either in jail or on bail, and called the grouping an alliance of dynastic parties and corrupt people.

Want Extra Income? 5 Side Hustle Ideas From 'Rich Dad Poor Dad' Author Robert Kiyosaki

Want Extra Income? 5 Side Hustle Ideas From 'Rich Dad Poor Dad' Author Robert Kiyosaki

Coforge CEO: Cigniti to be EPS accretive from Day 1

Kuku FM, Shaadi.com: Startups await NCLATs may 10 hearing against CCIs interim relief denial on Google Play billing

CCIs March 15 order suffers from perversity, contradicts its own strong findings of the Prima Facie order against Google, Startups tell NCLAT

Cutting exposure to capital goods: Devina Mehra

Axis Bank re-rating to continue on steady NIMs

Re-rating of Axis Bank's stock may continue in the near-future, believe analysts, as the risk-reward on the stock remains favourable amid healthy financials. The bullish stance comes after the Mumbai-based lender delivered a strong outperformance in the March quarter of fiscal year 2023-24 (Q4FY24) on core pre-provision profit and net profit, with improving asset quality. Axis Bank's net interest margin (NIM) expanded, against expectations, even in a tough market.

Buy mix of consumer stocks for 6-12 mths: Sabharwal

Pravis acquires stake in adtech gaming platform StreamO

Growth marketing firm Pravis, founded by former co-founders of Momspresso, has acquired a significant stake in adtech gaming platform StreamO. This venture is set to explore the substantial business potential of the rapidly growing gaming sector, particularly in the GenZ demographic. The new partnership with Pravis promises to strengthen StreamOs leadership in connecting brands with Continue reading Pravis acquires stake in adtech gaming platform StreamO The post Pravis acquires stake in adtech gaming platform StreamO appeared first on Entrackr .

Why stock exchanges are eyeing index derivatives

Stock exchanges are expanding the buffet of index derivatives even as the number of stocks permitted to trade in this space, generating an average daily turnover of Rs 450 trillion, is shrinking. This week, the National Stock Exchange (NSE) started issuing futures and options (F and O) contracts based on the Nifty Next 50 Index, bringing the total count of index derivatives to five.

Gradual volume recovery, valuations to support HUL

Hindustan Unilever's (HUL's) performance for the quarter ended March 2023 (Q4FY24) was in line with modest consensus expectations. Net revenue was up 1 per cent year-on-year (Y-o-Y) with 2 per cent volume growth. Home care maintained single-digit volume growth Y-o-Y.

World Press Freedom Day 2024: From Gauri Lankesh to Daniel Pearl, inspiring stories of journalists who died in the line of duty

World Press Freedom Day on May 3 highlights the importance of press freedom, established in 1993 by the UN General Assembly. It marks the sacrifices of journalists like Jagendra Singh, Rajdeo Ranjan, Tarun Mishra, and Gauri Lankesh in India. Globally, journalists like Guillermo Cano Isaza, Daniel Pearl, Marie Colvin, Daphne Caruana Galizia, James Wright Foley, and Anna Stepanovna Politkovskaya faced tragic ends while reporting.

Time to get into FMCG; 3 top bets: Sanjiv Bhasin

CitiusTechs revenue crosses Rs 3,500 Cr in FY23; profit tanks 85%

B2B health tech platform CitiusTech has grown steadily over the past few fiscal years. The company recently claimed that it clocked $500 million revenue during FY24 which seems plausible considering its FY23 numbers. CitiusTechs revenue from operations grew 40% to Rs 3,499 crore in FY23 from Rs 2,499 in FY22, its consolidated financial statements filed Continue reading CitiusTechs revenue crosses Rs 3,500 Cr in FY23; profit tanks 85% The post CitiusTechs revenue crosses Rs 3,500 Cr in FY23; profit tanks 85% appeared first on Entrackr .

'Once In A Lifetime Opportunity To...'

'We see mid-and small-caps as a real pot of gold.' 'From a 10-15 years perspective, mid-and small-cap are likely to outperform the larger index, as they have done in the past.'

Balance transfer: How does it help improve your CIBIL score?

Balance transfer can be a useful tool to manage debt and improve your credit score. It should not be seen as a quick fix since improving your credit score takes time and regular financial management habits.

Fintechs Push For Easier KYC

'For smaller merchants, there should be a process that is digital and a minimum KYC journey should be allowed.'

5 game-changing trends in personal loans

Personal loans are becoming more attainable, user-friendly, and customized to suit individual requirements. Furthermore, in areas such as India, the utilization of data analytics for credit evaluation and a concentration on simplified loan solutions in rural sectors are burgeoning trends.

Can I get a personal loan to pay off student loans? MintGenie explains

Although using a personal loan to settle your student loans may seem feasible, many lenders might reject your application if they discover that the loan will be utilized for this specific purpose.

Looking to buy Kotak on further dip: Sandip Sabharwal

There will be two Fed rate cuts, in Sept & Q4: UBS

PSBs plan to set up 'green cells' for climate funding

State-run banks to introduce 'green cells' for ESG risk assessment and green fund management under EASE 7.0. RBI emphasizes 2.5% GDP green financing. SBI chairman pushes for incentives and CRR relaxation in regulatory policies.

SRH beat Rajasthan Royals by just one run

Sunrisers Hyderabad snatched victory from the jaws of Rajasthan Royals on Thursday, winning by just one run. At the brink of defeat, SRH secured the victory on the very last ball, handing the table-toppers their second defeat in the tournament.The victory came on the last ball of the match, when Bhuvneshwar Kumar trapped Rovman Powell in front of the stumps, denying the Royals the one run needed to draw the match.Earlier, skipper Pat Cummins won the toss and opted to bat against Rajasthan Royals in their Indian Premier League (IPL) match at Hyderabad on Thursday.The Hyderabad team posted a formidable score of 201, thanks to Travis Head's 58, Nitish Kumar Reddy's unbeaten 76, and Heinrich Klaasen's unbeaten 42.The RR team got off to a bad start with Jos Buttler falling for a duck. Sanju Samson also couldn't open his account. However, opener Yashasvi Jaiswal's 67 off 40 balls and Riyan Parag's 77 off 49 balls brought the Royals very close to the target. Rovman Powell's 27 off 15 balls almost ensured another victory for the Royals.

PM Modi doesn't understand martyrdom, my father inherited it..., says Priyanka Gandhi in Morena rally

Coal India posts 26% rise in profit on higher supplies

Coal behemoth CIL on Thursday reported a 26.2 per cent rise in consolidated net profit to Rs 8,682.20 crore for the March quarter on the back higher supplies of the dry fuel. The company's consolidated net profit stood at Rs 6,875.07 crore in the year-ago period, Coal India Ltd (CIL) said in a regulatory filing. Its consolidated income in the January-March period declined to Rs 39,654.50 crore from Rs 40,371.51 crore a year ago.

Real estate loans almost triple the pace in FY23

Bank loans to commercial real estate, including residential construction, nearly tripled last fiscal year at 23 percent, amounting to Rs 3.97 lakh crore. If the impact of the merger of HDFC with HDFC Bank is included, the loan growth increases to 38.9 percent, with outstanding loans reaching Rs 4.48 lakh crore as of March 31. Property analysts note growth across segments, with the top seven property markets witnessing total sales of 74,486 apartments in the quarter, following a record-breaking quarter in December.

Mumbai Project By Aditya Birla Groups Real Estate Arm Secures Rs 5,400 Crore Sales

Birla Estates is a fully owned subsidiary of Century Textiles and Industries and the real estate venture of the diversified conglomerate.

Cognizant March quarter net down 5.8% to $546 mn

Nasdaq-listed IT services company Cognizant has reported a 5.8 per cent year-on-year decline in consolidated net profit for the March quarter to $546 million. The company in a release said its revenue guidance for the full year 2024 is unchanged in the band of 2 per cent decline to a 2 per cent growth in constant currency.

ChatGPT advises investors with high risk appetite to invest in cryptos. Should you take the plunge?

Open AI-founded chatbot tells investors with a high risk appetite to opt for cryptos since the market is highly speculative and volatile. The popular options are bitcoin, Ethereum and other altcoins.

GST meet to discuss fake registrations

Central and state GST officers will meet on Friday under the chairmanship of Revenue Secretary Sanjay Malhotra and are likely to discuss various issues like stricter registration norms to deter fake companies set up to evade taxes, sources said. The meeting comes within days of GST collections scaling a record high of Rs 2.10 lakh crore in April on the back of strong economic momentum, increased domestic transactions and tighter audit and scrutiny. The third National Co-ordination Meeting of senior officers of Central and State Tax administrations would, among other things, discuss further tightening of registration under Goods and Services Tax (GST) to curb fake companies, set up only to claim an input tax credit (ITC). The meeting is also scheduled to discuss ways to reach out to the mastermind of GST fraud by following the money trail, sources added. To identify risky taxpayers suspected of passing or availing fake ITC, tax officers are using data analytics and artificial intelligence tools. Besides, robust checks in the form of physical verification of premises and Aadhar authentication are in place for GST registration. This has enabled early detection of fraudulent registrations and curbed them to a great extent. In Gujarat, Andhra Pradesh and Puducherry, a pilot on risk-based biometric-based Aadhaar authentication is being carried out for registration of applications. As per the government data, between April and December 2023, about 14,600 cases of GST evasion have been registered by central tax officers. Maximum number of such frauds was registered in Maharashtra (2,716), followed by Gujarat (2,589), Haryana (1,123) and West Bengal (1,098). Besides, GST intelligence officers have detected fake ITC cases worth Rs 18,000 crore in April-December 2023 and arrested 98 fraudsters/ masterminds. The first National Coordination Meeting of State and Central GST officers was held on April 24, 2023. The issue of fake/ bogus registration under GST was discussed, and it was decided to launch a special pan-India drive to identify fake GSTINs. The second meeting was held on December 14, 2023, in which best practices adopted by various states to curb evasion were shared, besides deliberation on other issues.

US trade deficit narrows slightly in March

The U.S. trade deficit narrowed slightly in March as a decline in imports was tempered somewhat by a plunge in exports. The trade deficit contracted 0.1% to $69.4 billion, the Commerce Department's Bureau of Economic Analysis said on Thursday. Data for February was revised to show the trade gap widening to $69.5 billion instead of $68.9 billion as previously reported. Economists polled by Reuters had forecast the deficit climbing to $69.1 billion in March. Trade, through a surge in imports, was a large drag on gross domestic product in the first quarter. The economy grew at a 1.6% annualized rate last quarter after expanding at a 3.4% pace in the October-December period. Imports dropped 1.6% in March to $327.0 billion. Goods imports fell 1.6% to $263.8 billion. There were decreases in imports of motor vehicles and parts as well as industrial supplies and materials, which include crude oil. But imports of consumer goods increased $3.0 billion, boosted by pharmaceutical preparations. Capital goods imports were the highest on record. Services imports fell $1.1 billion to $63.2 billion, pulled down by transport and travel. Exports tumbled 2.0% to $257.6 billion. Goods exports plummeted 2.9% to $171.3 billion. There were decreases in exports of capital goods, industrial supplies and materials, and foods, feeds and beverages. Exports of services fell $0.2 billion to $86.4 billion.

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