In a two-part ceremony that lasted over five hours, Prime Minister Narendra Modi inaugurated the new Parliament building on Sunday, with 21 Opposition parties boycotting the function and the police forcibly detaining women wrestlers as they tried marching to Parliament to demand justice, and evicting them from their protest site at Jantar Mantar.

In the morning session, Modi performed “Ganapathi Homam”, prostrated before the Sengol, which he later said symbolised not just the transfer of power but service and nationalism in the Chola empire, and carried the golden sceptre in a procession, accompanied by the tunes of “nadaswaram” and Vedic chants by priests from Karnataka’s Sringeri Math to the new Lok Sabha chamber.

ICICI Bank, the country's second largest private sector lender, has informed the exchanges that its board has approved raising its stake in ICICI Lombard General Insurance by four per cent in multiple tranches.

At present, the bank owns 48.02 per cent in the general insurance arm.

Kerala's Chief Minister Pinarayi Vijayan and Rajasthan's Chief Minister Ashok Gehlot won't be attending the NITI Aayog Council meeting presided over by Prime Minister Narendra Modi in the national capital on Saturday.

CM Gehlot has cited health reasons for not attending the meeting, while CM Vijayan has not given any specific reason for his absence.

Congress government led by Chief Minister Siddaramaiah carried out the cabinet expansion on Saturday at the Raj Bhavan in Bengaluru. In the swearing-in ceremony, 24 legislators took oath as a minister. The Karnataka government can have 34 ministers. Ten of them, including Chief Minister Siddaramaiah and his deputy DK Shivakumar, were sworn in on May 20.

The new ministers took oath in the presence of CM Siddaramaiah and his deputy Shivakumar.

Gold price fell Rs 160 in Saturday's early trade with 10 grams of the yellow metal (24-carat) trading at Rs 60,710, according to the GoodReturns website. Silver price dipped Rs 150, with 1 kg of the precious metal selling at Rs 72,900.

The price of ten grams of 22-carat gold declined Rs 150 to Rs 55,650.

The National Company Law Appellate Tribunal (NCLAT) on Friday set aside an order by the National Company Law Tribunal (NCLT), which had directed the National Stock Exchange (NSE) and BSE to review their no-objection certificate (NoC) given for the Zee-Sony merger.

The appellate tribunal gave the order on an appeal filed by Zee Entertainment Enterprises Ltd (ZEEL) against the verdict by the Mumbai Bench of the NCLT on May 11.

Karnataka Bank, on Friday, announced the appointment of Srikrishnan Harihara Sarma as the new managing director and chief executive officer (CEO) of the bank.

In a regulatory filing, the bank said, “The appointment is effective from the date of his assuming charge and will last for a period of three years. Karnataka Bank is confident that Srikrislman' s expertise and leadership will drive the bank towards continued growth and success”

In a major relief for ride-hailing firms Uber, Ola and Rapido, the Delhi High Court on Friday put a stay on government notice banning bike taxi services in Delhi.

A division bench of Justices Suresh Kumar Kait and Neena Bansal Krishna also directed the Transport Department to refrain from taking any coercive measures against Rapido and other ride-sharing platforms until a comprehensive policy is formulated.

In the latest attempt to cut down pesky calls and text messages, the Telecom Regulatory Authority of India (Trai) on Thursday granted two weeks to the principal entities (PEs) to verify headers and content templates for commercial SMS.

In a note, the regulatory body said, "PEs are required to get content templates registered with the access providers. Any commercial communication through SMS is subjected to scrubbing against the content template registered by PEs with the access provider and, if it fails, then such SMS is not allowed to be delivered to the consumer."

In the last 15 days, major dairies across North India and Maharashtra have cut the procurement price of milk by 10 per cent, but it is not expected to reduce the prices for retail customers, a report by The Economic Times (ET) said on Friday. However, it will allow dairy companies some legroom to not hike the prices for a few months to come.

The report cited several experts as saying that the delayed onset of summer has kept the demand for products like ice cream and buttermilk below the peak and has allowed the companies to release the hoarded stocks to meet the shortfall.

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