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Reliance Power hits over 10-year high, stock zooms 85% in 1 month

Reliance Power hits over 10-year high, stock zooms 85% in 1 month

Shares of Reliance Power continued their upward movement, with the stock hitting over a 10-year high of ₹71.35, as they rallied 11 per cent on the BSE in Tuesday’s intra-day trade amid heavy volumes.

The stock price of the power generation company is trading at its highest level since November 2014.

Ex-Delhi CM Atishi detained during protest against Kalkaji camp demolition

Ex-Delhi CM Atishi detained during protest against Kalkaji camp demolition

Former Delhi Chief Minister Atishi was detained by police on Tuesday while participating in a protest against an impending demolition drive at Kalkaji’s Bhoomiheen Camp, where eviction notices were recently served by the Delhi Development Authority (DDA).

The eviction notice labelled the locals as "encroachers" and directed them to vacate the area within three days or face action.

US resumes Harvard student visa processing after judge blocks Trump ban

US resumes Harvard student visa processing after judge blocks Trump ban

The US State Department has ordered all United States diplomatic missions and consular offices worldwide to resume processing student and exchange visitor visas for Harvard University, following a federal judge’s decision last week to temporarily block President Donald Trump’s ban on international students at the Ivy League institution.

The directive, issued via diplomatic cable on June 6 and signed by Secretary of State Marco Rubio, comes in response to a temporary restraining order granted by US District Judge Allison Burroughs in Boston.

India pulls 269 million out of extreme poverty in 11 years: World Bank

India pulls 269 million out of extreme poverty in 11 years: World Bank

India’s extreme poverty rate dropped to 5.3 per cent in 2022-23 from 27.1 per cent in 2011-12, according to the latest estimates released by the World Bank. The decline amounts to 269 million people moving above the international poverty threshold over an 11-year period.

The number of individuals classified as living in extreme poverty fell from 344.47 million in 2011-12 to 75.24 million in 2022-23. The assessment is based on the $3.00 per day poverty line (in 2021 purchasing power parity terms).

India's active Covid-19 cases rise to 5,755; pregnant woman among 4 dead

India's active Covid-19 cases rise to 5,755; pregnant woman among 4 dead

India’s active Covid-19 case tally rose to 5,755 with 391 fresh cases reported in the past 24 hours, according to the latest data from the Ministry of Health and Family Welfare released on Saturday morning. At least four deaths were reported in the same period.

Of the four deaths reported in the past 24 hours, one each was recorded in Madhya Pradesh, Maharashtra, Kerala, and Tamil Nadu. The deceased included a 45-year-old woman with a nine-month pregnancy.

Procter & Gamble to cut 7,000 jobs in global office workforce over 2 years

Procter & Gamble to cut 7,000 jobs in global office workforce over 2 years

FMCG giant Procter & Gamble plans to cut 7,000 jobs from its global office workforce — roughly 15 per cent of its non-manufacturing employees — over the next two years, according to a report by the Wall Street Journal.

The maker of Tide detergent, Pampers diapers, and Bounty paper towels employed around 108,000 people as of June last year.

BIG statement by Pakistan PM Shehbaz Sharif days after ceasefire with India, says 'Donald Trump is a man for...'

BIG statement by Pakistan PM Shehbaz Sharif days after ceasefire with India, says 'Donald Trump is a man for...'

Pakistan Prime Minister Shehbaz Sharif and Pakistan People's Party (PPP) chairman Bilawal Bhutto Zardari praised US President Donald Trump at separate events on Wednesday, i.e., June 4, for his role in what the duo described as "de-escalating the tension" during recent conflicts with India, reported PTI.

Chinnaswamy stampede: RCB pledges ₹10 lakh to each victim's family

Chinnaswamy stampede: RCB pledges ₹10 lakh to each victim's family

Royal Challengers Bengaluru (RCB) on Thursday pledged ₹10 lakh each to the families of the 11 people who died during a stampede outside Bengaluru’s M Chinnaswamy Stadium during a victory parade celebrating the team's IPL title win.

"The unfortunate incident in Bengaluru yesterday has caused a lot of anguish and pain to the RCB family. As a mark of respect and a gesture of solidarity, RCB has announced a financial support of ₹10 lakh to each of the eleven families of the deceased," the franchise said in a post on X.

Apple taps Tata for iPhone repairs as company expands India role: Report

Apple taps Tata for iPhone repairs as company expands India role: Report

Apple has brought in Tata Group to handle repairs for iPhones and MacBook devices in its fast-growing Indian market, signalling the Indian conglomerate's deepening role in the US tech giant's supply chain, two people familiar with the matter said.

As Apple looks beyond China for manufacturing, Tata has fast emerged as its key supplier and already assembles iPhones for local and foreign markets at three facilities in south India, with one of them also making some iPhone components.

Walmart's Flipkart secures RBI approval for direct lending in India

Walmart's Flipkart secures RBI approval for direct lending in India

Walmart's Flipkart has secured a lending licence from the Indian central bank and banking regulator, enabling it to offer loans directly to customers and sellers on its platform, according to documents reviewed by Reuters and a source.

This is the first time the Reserve Bank of India has granted a large e-commerce player in India a non-bank finance company (NBFC) licence, allowing it to lend but not take deposits.

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