The bad news is getting worse for India's economy and Prime Minister Narendra Modi is exhausting all options to stem the fallout. Data on Friday will likely show the economy had its weakest performance last quarter in more than six years, with the growth rate dropping below the symbolically important 5% mark. It's a culmination of several months of downbeat figures, from plunging car sales to shrinking factory output and an export slump.

As Uddhav Thackeray took oath as Maharashtra Chief Minister on Thursday, Shiv Sena mouthpiece Saamana has shred light on the relationship between PM Modi and Sena chief Uddhav Thackeray.

Sena mouthpiece Saamana in its article has said that the relationship between Uddhav Thackeray and PM Modi is that of brothers. These observations have come at a time when both the parties ended their 30-year-old alliance after they couldn't solve the deadlock over the Maharashtra government formation over the issue of the rotational chief minister.

Sri Lanka's new government led by President Gotabaya Rajapaksa wants to undo the previous regime's move to lease the southern port of Hambantota to a Chinese venture, citing national interest.

Former Prime Minister Ranil Wickremesinghe in 2017 changed the terms, saying it would be difficult to pay the loans taken to build the project.

Highway developer Dilip Buildcon on Friday said it has bagged a road project worth Rs 1,362.06 crore in Uttar Pradesh.

"The company has received the letter of acceptance (LoA)...from Uttar Pradesh Expressways Industrial Development Authority (UPEIDA) for EPC project in the state," Dilip Buildcon said in a filing to BSE.

India's 42 scheduled commercial banks (SCBs) collectively wrote off Rs 2.12 trillion worth of loans in 2018-19, according to figures given by the finance ministry in Parliament. Not only was this 42 per cent higher than the Rs 1.5 trillion written off the previous year, but also about 20 per cent of all their non-performing assets (NPAs).

Banks generally take NPAs off their books to make their balance sheets look cleaner - with reduced liabilities and potential losses.

The iconic Shivaji Park in Mumbai is the birthplace of Shiv Sena and the playground of generations of cricket players, including Sachin Tendulkar. On Thursday evening,

Shiv Sena chief Uddhav Thackeray began his innings here as chief minister of Maharashtra, cementing a new non-Bharatiya Janata Party (BJP) coalition government in the country.

Shares of Adani Group companies were in focus on Friday and rallied up to 12 per cent intra-day on the back of heavy volumes on the BSE in an otherwise weak market.

Adani Gas (Rs 168) and Adani Transmission (Rs 315) rallied 12 per cent each on the BSE. Adani Power (up 8 per cent at Rs 66.60), Adani Green Energy (5 per cent at Rs 139), Adani Enterprises (4 per cent at Rs 221) and Adani Ports and Special Economic Zone (3 per cent at Rs 384) were up in the range of 3-8 per cent on the BSE.

YES Bank shares climbed 6 per cent to Rs 74 on the BSE on Friday ahead of the board meet today to consider fundraising plan.

The stock of the private sector lender rallied 17 per cent after the Bank, on Tuesday, said its board will meet on Friday, November 29, 2019, to discuss and consider fundraising by issue of equity/equity linked securities through permissible modes.

The All India Muslim Personal Law Board (AIMPLB) is likely to take a call on whether to file a review petition in the Supreme Court's final verdict in the Ayodhya land dispute case.

A meeting of AIMPLB is expected to take place today in Lucknow to decide on call to be taken by the board in the Ram Janmabhoomi-Babri Masjid case verdict by the Supreme Court.

The Maharashtra BJP is bedevilled by the trepidation that politicians who joined the party ahead of the October 21 Assembly polls will defect and, hence, its leaders are claiming they will form government in the state, the NCP said on Saturday. NCP chief spokesperson Nawab Malik made the remarks a day after Maharashtra BJP chief Chandrakant Patil said his party will soon form the government and claimed it can count on the support of 119 MLAs, including Independents, in the 288-member Assembly.

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