India News
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Media stocks such as Hathway Cable & Datacom Limited, TV18 Broadcast, DEN Networks were trading higher in the opening trade on BSE after the Mukesh Ambani’s owned RIL announced a consolidation of its media and distribution businesses spread across multiple entities into Network18. Hathway Cable & Datacom shares hit an upper circuit of 20% to Rs 23.10 apiece on BSE. Among other stocks, DEN Networks shares climbed 10 per cent to Rs 59.50, Network18 Media & Investments surged 4.89 per cent to Rs 30.05 and TV18 Broadcast shares jumped 19.68 per cent to Rs 30.10 apiece. While RIL shares were trading 0.72 per cent lower at 1467.80 apiece.
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The portfolio allocation for the new term of the Aam Aadmi Party (AAP)-led Delhi government was finalised on Monday, sources said. According to the final allocation decision, Chief Minister Arvind Kejriwal will not be taking charge of any department.
Arvind Kejriwal on Sunday (February 16) took oath as the Chief Minister of Delhi for the third time at the Ramlila Maidan. Delhi Lt Governor Anil Baijal administered the oath. The ceremony witnessed a massive crowd of around 20,000 people.
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Shares of Vodafone Idea continued their decline, falling 15 per cent to Rs 2.91 on the BSE on Tuesday, after Care Ratings (CARE) downgraded its ratings on the long-term bank facilities and non-convertible debentures.
The stock of the telecom services firm was trading lower for the seventh straight day, plunging 44 per cent during the period. It was trading close to its all-time low price of Rs 2.61 touched on November 15, 2019.
Congress defends Rahul Gandhi on 2013 ordinance row, says cannot disrespect former PM Manmohan Singh
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Days after former Planning Commission deputy chairman Montek Singh Ahluwalia revealed that the then PM Manmohan Singh had asked him whether he should resign as Rahul Gandhi tore an ordinance in 2013, Congress has defended the leader saying the Rahul has immense respect for Singh and can never disrespect him.
Addressing a press conference, Congress spokesperson Randeep Surjewala asserted that Rahul Gandhi's decision to tear the ordinance brought by the Congress-led UPA government in 2013 to allow those convicted in criminal cases to contest elections should be seen as a courageous step.
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As Pakistan on Monday claimed that the head of terror group Jaish-e-Mohammed (JeM), Maulana Masood Azhar, has gone 'missing', Indian intelligence have said that the UN designated terrorist is living in a bomb-proof house in the Bahawalpur area.
On Monday, ahead of the crucial Financial Action Task Force (FATF) meeting, Pakistan had said that it could not file an FIR against Azhar as he has gone missing from the so-called Army's custody and he is nowhere to be found.
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The Patiala House Court on Monday issued fresh death warrants for all four individuals convicted in the 2012 Delhi gang-rape and murder case (aka the Nirbhaya case). According to the order, all four convicts are to be hanged on March 3 at 6 AM.
The four convicts on death row are Mukesh Singh, Vinay Sharma, Pawan Gupta, and Akshay Thakur. The Delhi High Court had earlier said that all the four convicts in the Nirbhaya case have to hanged together and not separately.
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The Calcutta High Court has directed the Reserve Bank of India to consider appropriate steps against Bank of Baroda (BoB), including revoking its licence or authority to carry on with banking business, if necessary, for failing to honour a bank guarantee given by a third party to Indian Oil Corporation (IOCL).
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The Supreme Court on Monday directed the Centre to grant permanent commission to all women officers in the Army within three months and said there will not be any absolute bar on giving them command postings.
A bench headed by Justice D Y Chandrachud rejected the Centre's argument of physiological limitations and social norms for denying them permanent commission and command postings, saying it is disturbing and against the concept of equality.
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Shares of Graphite India slipped 5 per cent to Rs 268 on the BSE on Monday after it reported a consolidated net loss of Rs 353 crore in December quarter (Q3FY20), due to steep fall in electrode prices.
The graphite electrode manufacturer had posted a consolidated net profit of Rs 764 crore in the same quarter last fiscal. The stock was trading close to its 52-week low level of Rs 255 touched on October 9, 2019.
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The National Company Law Appellate Tribunal on Monday allowed JSW Steel to acquire of Bhushan Power & Steel Ltd for Rs 19,700 crore by providing it immunity from prosecution.
A two-member bench headed by Chairman Justice S J Mukhopadhaya, said that JSW Stwel will be immuned from the acts done by the former promoters of the Bhushan Power & Steel Ltd.
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