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B.S. Yeddyurappa sworn in as Karnataka chief minister
Posted on 17th May 2018
Bharatiya Janata Party’s (BJP’s) B.S. Yeddyurappa sworn in as Karnataka chief minister on Thursday, after a four-hour, post-midnight Supreme Court on a Congress-JD(S) petition that sought to quash his candidature.

The Supreme Court made it clear that the swearing-in and the government formation would be subject to its final order on the Congress-JD(S) petition before it. Yeddyurappa still has to prove the BJP’s majority in the assembly.

The Karnataka election results declared Tuesday threw up a fractured mandate. The BJP has won 104 seats, the Congress 78 and JD(S) 37. One seat each went to the Bahujan Samaj Party (BSP), Karnataka Pragnyavantha Janatha Party and an independent candidate.


Other Latest News
Sensex cracks 408 points on global sell-off; Nifty below 10,400
Posted on 19th October 2018
The benchmark BSE Sensex sank over 408 points in early trade on Friday on heavy selling in IT, energy and banking stocks triggered by weak trends in global markets.

The broader NSE NIfty dipped below the 10,400-mark as 32 of its constituents led by Indiabulls Housing Finance dropped. The NSE Nifty index fell 80.85 points, or 0.77 per cent, at 10,372.30.


Former SBI Chairman Arundhati Bhattacharya joins Reliance Industries’ board
Posted on 19th October 2018
Former SBI chairman Arundhati Bhattacharya has joined the Reliance Industries board as an independent additional director, the Mukesh Ambani-led conglomerate said in a regulatory filing. She has been appointed for five years starting October 17, 2018, subject to shareholder approval, the statement further said.

RBI may opt for an early rate hike
Posted on 19th October 2018
Low CPI inflation at 3.8% in September may be welcome but this does not mean all is well on the price front as wholesale inflation increased to 5.13% in the same month, indicating the Reserve Bank of India might have to resort to a rate hike ahead of its December monetary policy.

Sabarimala row: Amid strong protests, two women begin climbing hill to visit Lord Ayyappa temple
Posted on 19th October 2018
Two women, including a reporter from Hyderabad, began trekking to Sabarimala hill on Friday amid strong protests by devotees opposing the entry of girls and women of menstrual age into the Lord Ayyappa temple.

Their attempt to reach the shrine came a day after a New Delhi-based woman reporter of a foreign media outlet made a failed bid to visit the temple.


YES Bank slips 4% after RBI rejects request to extend Rana Kapoor's term
Posted on 19th October 2018
Shares of YES Bank dropped as much as 4.9 per cent in the opening deals on Friday after the Reserve Bank of India (RBI) on Wednesday once again rejected the lender’s request for extending the term of MD & CEO Rana Kapoor, and reaffirmed the February deadline for finding his successor.

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