Asserting that countdown has begun for the end of the "corrupt" TMC regime in West Bengal, BJP president Amit Shah today accused Chief Minister Mamata Banerjee of creating hurdles for a proper NIA probe into the Burdwan blast to shield her party leaders allegedly involved in the incident.

Shah also alleged that Saradha chit fund money was used in the October 2 Burdwan blast.

Adopting a key non-legislative recommendation of the Financial Sector Legislative Reforms Commission (FSLRC) panel for overhaul of financial sector regulatory framework, the Securities and Exchange Board of India (Sebi) is launching a public consultation for framing rules to allow reclassification of promoters at listed firms looking to become public shareholders.

The new norms can have a significant impact on the way some merger and acquisition deals are structured, as also in cases involving corporate restructuring that take place due to disputes among members of business families or after settlements between rival corporates.

At least seven persons were injured in a grenade explosion triggered by suspected militants at the busy Lal Chowk in the heart of the city this afternoon, police said.

Unidentified militants hurled a grenade towards security personnel outside the defunct Palladium Cinema but the device fell short of the target and exploded on the roadside, they said.

Almost 120 people were killed and 270 were injured when two suicide bombers blew themselves up and gunmen opened fire on a Muslim gathering during Friday prayers in the central mosque in northern Nigeria's largest city of Kano, a rescue official said.

The official also said that the death toll could rise as several people have been critically injured, reported the CNN.

The Lok Sabha on Friday passed a Bill to streamline labour laws.

The Bill, passed earlier this week by Rajya Sabha, exempts establishments employing up to 40 workers from filing returns and maintaining registers. The current ceiling is 19 workers. The Trinamool Congress led the other opposition parties, such as Aam Aadmi Party (AAP) and Communist Party of India (Marxist), to oppose the Bill and termed it "anti-labour". The Bill was passed after the House rejected amendments proposed by Trinamool's Saugata Roy.

Addressing a national security conference in Guwahati on Saturday, Union Home Minister Rajnath Singh said that we can't take Al-Qaeda's threat of turning India into an Islamic country lightly and should consider it a challenge.

Rajnath Singh said, "There might be many terrorist organisations in the world but we will not allow them to get a foothold in our country. On the basis of the capability of the security forces, I can say that we are ready to face any kind of challenge. We are concerned about the youngsters who are getting drawn to Islamic States. There are some misguided youth who are getting attracted to join organisations like the ISIS.

The second performance audit of Reliance Industries Ltd (RIL)’s KG-D6, tabled in Parliament on Friday, has taken a lenient approach towards the country’s biggest private petroleum company. Taking a “pragmatic” view, the Comptroller and Auditor General of India (CAG) has recommended the government allow the company to recover $427 million in cost from the field’s natural gas production.

Cost recovery for $118.99 million on the remaining wells, however, has been disallowed. Besides, the well cost for D29, D30 and D31 would be disallowed if these aren’t found to be commercially viable, the auditor said.

The Supreme Court asked the Securities and Exchange Board of India (Sebi) on Friday to suggest an asset management agency that could arrange better deals for the Sahara properties up for sale. The company is selling some of these to get Sahara chief Subrata Roy released from Tihar jail here. Roy has been imprisoned since March 4 on court orders and his bail requires Rs 10,000 crore, including Rs 5,000 crore in cash and the rest in bank guarantees.

Sahara told a bench headed by T S Thakur that it could not sell the two hotels in London and another in New York as Bank of China, which has charge on these, has put hurdles. Therefore, Sahara had found another entity to take over the entire loan and offer a ‘junior loan’. Post-dated cheques are ready and payments will be made to an escrow account, to be immediately transferred to Sebi.

Reliance Industries would fare comparatively better in an environment of falling oil prices because of its scale and complexity and its capacity expansion in the petrochemicals businesses over the next 12-18 months, analysts said.

The $10-billion petrochemicals expansion will help the Mukesh Ambani-led company to offset declines in refining earnings. Crude oil prices will impact Reliance Industries’ gross refining margin by at least $1.5 a barrel this quarter, said Phani Sekhar, fund manager with Angel Broking.

Hyderabad is the second best place in the world that one should see in 2015, according to an international travel publication.

The Presidio of San Francisco in the US ranked first on the “Best of the World – 20 Places You Should See in 2015″ list, published in the annual guide of ‘Traveler’ magazine of National Geographic.

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