Asia News & Trends
The sixth season of Shark Tank India challenges entrepreneurs to look above startup jargon.
Shark Tank India has launched a new campaign called #DontBeATota as registrations for Season 6 open. The campaign encourages aspiring entrepreneurs to focus on understanding their business instead of simply using popular startup terms and buzzwords. The campaign features a humorous parrot named Tota, who confidently uses business words like valuation, burn rate, and EBITDA without understanding what they really mean. Through this character, the campaign delivers a simple message that memorizing startup jargon does not make someone a successful entrepreneur. Building a business requires practical knowledge, problem-solving skills, and consistent hard work. Speaking about the campaign, Aman Gupta, co-founder of boAt and one of the Sharks, said that if repeating startup buzzwords alone could build a business, everyone would invest in parrots. He explained that real entrepreneurs succeed by solving customer problems, understanding their business deeply, and showing resilience during challenges. The #DontBeATota campaign aims to inspire genuine entrepreneurs to concentrate on strong business fundamentals rather than sounding impressive with technical language. At the same time, registrations for Shark Tank India Season 6 are now open on Sony LIV, inviting founders with innovative business ideas from across India to apply.
Published 20 Jul 2026 06:40 PM
Beyond Google The Impact of AI Assistants on Brand Discovery
A major discussion in the marketing and technology industry today highlights how AI assistants such as ChatGPT, Google Gemini, Claude, and Perplexity are changing the way people discover brands online. Instead of typing keywords into Google and visiting many different websites, consumers are increasingly asking AI assistants direct questions and receiving complete answers with product recommendations. This means the traditional search journey is changing, as AI tools now act as the first point of contact between customers and brands. Experts believe this shift is forcing businesses to rethink their digital marketing strategies and create content that AI systems can easily understand, trust, and recommend.The growing influence of AI assistants is also changing how companies measure online visibility. Rather than focusing only on search engine rankings, brands are now trying to improve their presence in AI-generated responses by publishing accurate information, earning positive reviews, and building credibility across trusted websites. Marketing experts say that businesses with reliable and well-structured content are more likely to be recommended by AI assistants. As AI-powered discovery becomes more common, companies are expected to invest more in AI-ready content, digital trust, and customer experience to remain competitive in the evolving online marketplace.This strategy is supported by the most recent developments in the AI ecosystem. Google's greater integration of AI into Search, Anthropic's ongoing investment in enterprise AI, and OpenAI's development of ChatGPT into a more comprehensive work platform all point to the same future. Developing stronger AI models is no longer the race. It aims to become the interface through which individuals find, evaluate, collaborate, and make decisions. Marketing adapts to changes in the interface. Brands fought for consumers' attention for twenty years. They then engaged in traffic competition. Competition for confidence will define the next ten years. That's a different goal.A brand's homepage is no longer always the first thing people see of it. The AI-generated response that a customer sees prior to clicking a single link is becoming more and more common. Visibility is no longer sufficient on its own. Brands need to be able to be recommended. While working with businesses on AI visibility, one realization has become more apparent. Uncertainty was represented by each click. Because they still wanted more information before making a choice, people clicked. AI modifies that formula. AI is progressively assisting customers in becoming self-assured enough to stop seeking, rather than assisting them in finding information. For this reason, the next competitive advantage in marketing might be confidence rather than substance.
Published 17 Jul 2026 05:37 PM
images of Ranjit Singh, a seasoned businessman, is named Chief Operating Officer of Smarten.
Smarten Power Systems has appointed Ranjit Singh as its new Chief Operating Officer (COO), effective 1 August 2026, as the company strengthens its leadership team to support its next phase of growth. The appointment was approved by the company's Board of Directors during its meeting held on 14 July 2026. Before this promotion, Singh served as Consultant – Vice President, Operations at Smarten, where he played a key role in improving manufacturing processes, increasing operational efficiency, and supporting several strategic initiatives. In his new position, he will oversee the company's end-to-end operations, including manufacturing, supply chain management, quality systems, and strategic execution. His leadership is expected to help Smarten expand its business in both India and international markets. Ranjit Singh brings more than 52 years of experience in manufacturing, engineering, product development, power electronics, telecom power, and renewable energy. One of his notable achievements at Smarten was leading the successful transition of the company's in-house battery manufacturing facility at Baddi, Himachal Pradesh, following its IPO. He established systems and processes that enabled stable in-house battery production and prepared the company for future manufacturing expansion. Speaking on his appointment, Singh said he is honoured to take on the new responsibility and will focus on strengthening manufacturing excellence, improving supply chain agility, enhancing quality systems, and building a culture of continuous improvement. Smarten's management believes his extensive industry experience will help the company meet the rising demand for power backup and renewable energy solutions while supporting long-term, sustainable growth.
Published 16 Jul 2026 05:30 PM
Shark Tank India 6 launches a fresh campaign to begin registration.
The makers of Shark Tank India have officially opened registrations for Season 6 with a fresh campaign encouraging aspiring entrepreneurs from across India to apply. The new campaign highlights that every great business starts with a bold idea and invites founders at every stage—from early concepts to established startups—to pitch for funding and mentorship.The registration process has been divided into two phases. The first call for registrations ran from July 1 to July 11, 2026, while the second phase opened on July 13 and will continue until July 31, 2026. Applications can be submitted through the Shark Tank microsite on the SonyLIV app after mobile number verification.As part of the campaign, Sony has also introduced a priority registration drive for women entrepreneurs, encouraging more women-led startups to participate. Promotional videos and social media posts emphasize that innovative ideas can come from anyone, regardless of business size or experience.According to the official FAQs, Indian citizens aged 18 years or above can apply. Entrepreneurs below 18 can also participate through a parent or legal guardian. The show welcomes founders from all sectors, whether they have a prototype, a growing business, or a new startup idea.Since its debut, Shark Tank India has become one of the country's biggest startup platforms, helping hundreds of entrepreneurs secure investments, mentorship, and national recognition. The new Season 6 campaign continues this mission by encouraging innovators to take their ideas to the next level and present them before some of India's leading investors.
Published 14 Jul 2026 05:48 PM
Harjeet Grewal: Who Is He? The explanation of the new chairman of the National Minorities Commission
The Central Government has appointed Harjit (Harjeet) Singh Grewal as the new Chairperson of the National Commission for Minorities (NCM). His appointment fills the top post in the Commission, which had been vacant since the completion of former chairman Iqbal Singh Lalpura's tenure. Grewal will serve a three-year term from the date he assumes office, or until further orders. Along with him, Munawari Begum has been appointed as Vice-Chairperson and Glenn E. Souza Ticlo as a Member of the Commission. Harjeet Grewal is a senior Bharatiya Janata Party (BJP) leader from Punjab and a long-time party organiser. He joined the BJP in the 1980s after working with the Rashtriya Swayamsevak Sangh (RSS). Over the years, he has held several important organisational positions, including roles in the BJP Kisan Morcha and the party's national executive. He became well known during the 2020–21 farmers' protest as one of the BJP's prominent Sikh leaders. The National Commission for Minorities (NCM) is a statutory body established under the National Commission for Minorities Act, 1992. Its main responsibility is to safeguard the rights and interests of India's notified minority communities, monitor the implementation of constitutional and legal safeguards, investigate complaints, and advise the Central Government on minority welfare policies. Grewal's appointment is considered significant because it restores full leadership to the Commission after a prolonged vacancy. It also marks the third time a Sikh leader has headed the National Commission for Minorities, reflecting the government's effort to strengthen the functioning of the statutory body responsible for protecting minority rights in India.
Published 20 Jul 2026 06:58 PM
MHA requests input from stakeholders and suggests a CEO and more CEO positions for I4C.
The Ministry of Home Affairs (MHA) has invited comments from stakeholders on a proposal to create new senior leadership positions in the Indian Cyber Crime Coordination Centre (I4C). The proposal includes one Chief Executive Officer (CEO) post and three Additional Chief Executive Officer (Additional CEO) posts to strengthen India's cybercrime prevention and response system. According to the draft recruitment rules, the CEO post will be at Pay Matrix Level-15 (equivalent to Additional Secretary rank), while the three Additional CEO posts will be at Pay Matrix Level-14 (Senior Administrative Grade). These positions will function under the Cyber and Information Security (CIS) Division of the MHA and are expected to improve strategic planning, coordination, and administration within I4C. The MHA has asked all stakeholders to submit their suggestions and comments by August 14, 2026. After reviewing the feedback, the ministry will finalize the recruitment rules. The appointments will be made on a deputation basis under the Non-Central Staffing Scheme and will not come under the jurisdiction of the Union Public Service Commission (UPSC). Instead, the appointments will be approved by the Appointments Committee of the Cabinet (ACC) based on recommendations from a Search-cum-Selection Committee headed by the Union Home Secretary. The proposed eligibility criteria require candidates to have a bachelor's degree along with significant experience in areas such as cyber security, cybercrime investigation, cyber forensics, information and communication technology (ICT), or internal security. The move is intended to strengthen I4C's leadership structure and enhance India's capacity to tackle the growing threat of cybercrime through better coordination and expert management.
Published 16 Jul 2026 06:00 PM
Indias New Ambassador to North Korea is Sanjeev Jain.
The Government of India has appointed Sanjeev Jain as the country's next Ambassador to the North Korea. The appointment was announced by the Ministry of External Affairs on 7 July 2026. Jain is expected to assume his new diplomatic responsibilities in Pyongyang shortly.Sanjeev Jain is a 2008-batch officer of the Indian Foreign Service (IFS). Before this appointment, he was serving as India's Ambassador to the Cabo Verde. During his diplomatic career, he has handled several important international assignments, giving him extensive experience in foreign policy, bilateral relations, and multilateral diplomacy.His appointment comes at an important time for India's engagement with North Korea. Although India maintains limited diplomatic and economic relations with Pyongyang because of international sanctions and security concerns, New Delhi has continued to keep diplomatic communication channels open through its embassy in the North Korean capital.India's embassy in Pyongyang resumed normal diplomatic activities after a prolonged disruption caused by the COVID-19 pandemic and travel restrictions. The appointment of a new ambassador reflects India's intention to maintain a regular diplomatic presence while carefully balancing its broader strategic interests in the Korean Peninsula.The Ministry of External Affairs stated that Sanjeev Jain will take up the assignment shortly. His role will include managing India's diplomatic relations with North Korea, monitoring regional developments, assisting Indian interests, and representing India on political and humanitarian issues wherever required.India continues to support peace, stability, and the denuclearisation of the Korean Peninsula while maintaining stronger economic and strategic partnerships with South Korea. The appointment of Sanjeev Jain underscores India's commitment to sustaining diplomatic engagement with all countries in the region despite complex geopolitical challenges.
Published 07 Jul 2026 05:24 PM
Vikram Misri, Foreign Secretary, Receives a One Year Extension
The Central Government has approved a one-year extension for Vikram Misri as India's Foreign Secretary, allowing him to continue in office until July 14, 2027. The decision was cleared by the Appointments Committee of the Cabinet (ACC) under the provisions of Fundamental Rule 56(d), which permits extensions for select senior government officials in the national interest. Vikram Misri, a 1989-batch Indian Foreign Service (IFS) officer, assumed charge as Foreign Secretary in July 2024. During his tenure, he has overseen India's diplomatic engagements on several critical global issues, including relations with neighboring countries, strategic partnerships with major powers, and India's participation in multilateral forums. His extension reflects the government's confidence in his leadership and diplomatic experience. Before becoming Foreign Secretary, Misri served as Deputy National Security Adviser and held ambassadorial assignments in China, Spain, and Myanmar. He is particularly recognized for his expertise on China and played a significant role in managing diplomatic engagement following the India-China border tensions after the Galwan Valley clashes. His long diplomatic career has earned him a reputation as one of India's most experienced foreign policy experts. One of the unique aspects of Misri's career is that he has served as Private Secretary to three Prime Ministers—I. K. Gujral, Manmohan Singh, and Narendra Modi. This rare distinction highlights the trust successive governments have placed in his administrative and diplomatic capabilities. The extension comes at a time when India is navigating an increasingly complex international environment marked by geopolitical competition, regional security concerns, and expanding global partnerships. Maintaining continuity in the leadership of the Ministry of External Affairs is expected to help sustain ongoing diplomatic initiatives and negotiations across multiple regions.
Published 03 Jul 2026 05:21 PM
In a passionate letter, Ram Gopal Varma states that Yami Gautams career has more impressed him than her National Award win for Article 370 The struggles, perseverance, risks.
Filmmaker Ram Gopal Varma shared a heartfelt message congratulating Yami Gautam after she won the Best Actress award at the 72nd National Film Awards for her performance in Article 370. While celebrating her achievement, Varma said he was even more impressed by her journey to success than the award itself. In his note, Varma praised Yami’s years of hard work, perseverance, and willingness to take risks in choosing meaningful roles. He said that success is not only about winning awards but also about the dedication, patience, and determination that lead to such achievements. According to him, Yami’s career reflects consistent effort and strong belief in her craft, making her journey truly inspiring. Yami Gautam also expressed her gratitude after receiving the National Award. She described the honour as the result of her 14-year journey in the film industry and said that Article 370 has a special place in her heart. She thanked her family, team, and supporters for standing by her throughout her career and dedicated the achievement to everyone who continues to believe in their dreams.
Published 20 Jul 2026 06:45 PM
Never Heard About It Growing Up Sana Saeed, Little Anjali of Kuch Kuch Hota Hai, Makes A Startling Admission
Actress Sana Saeed, who became famous as little Anjali in Kuch Kuch Hota Hai, has shared a deeply personal story about her childhood and the health challenges she quietly faced for many years. In a recent social media post and video, Sana revealed that she struggled with bulimia, a serious eating disorder, from a young age. She admitted that while growing up, she had never heard of the condition and did not understand why she felt anxious about food. Because she had no knowledge of eating disorders, she believed there was "something wrong" with her instead of recognizing that she needed help. Sana said that the lack of awareness made it difficult for her to identify her condition, and she spent years dealing with the problem in silence before finally understanding what she was going through. Recalling those difficult years, Sana explained that she often worried about eating in front of others and feared people would judge her. She said that reading The Bulimia Help Method became a turning point in her recovery because it helped her understand that her struggles had a name and that she was not alone. Even after discovering the condition, she found it extremely difficult to accept that she had bulimia because of the shame and stigma attached to eating disorders. Sana's statement, "I never heard about it growing up. I wish I'd heard about it, so I would have gone straight to the problem," highlights the importance of mental health education and awareness from an early age. She hopes that by sharing her experience, others facing similar challenges will recognize the signs sooner and seek professional support without fear or embarrassment. The actress also shared an encouraging update about her life, saying that she has now fully recovered and feels happier and healthier than ever before. She emphasized that recovery is possible with the right guidance and support. Sana encouraged anyone struggling with an eating disorder or any mental health issue to speak to someone they trust and seek qualified professional help. Her honest confession has received appreciation from fans and mental health advocates, who praised her courage for speaking openly about a topic that is often misunderstood. Many people believe that her story will help spread awareness about eating disorders and encourage more open conversations about mental health, body image, and emotional well-being.
Published 17 Jul 2026 05:41 PM
A New Chapter Unfolds as Alia Bhatt enters the world of Tumbbad 2, according to Sohum Shah.
Alia Bhatt has officially joined the cast of Tumbbad 2, one of the most anticipated sequels in Indian cinema. The announcement was made today by actor-producer Sohum Shah, who welcomed Alia to the film with a social media post saying, "A new chapter unfolds. Welcome to #Tumbbad2." The news has generated significant excitement among fans, who have been eagerly waiting for updates on the sequel since the original Tumbbad became a cult classic. According to reports from multiple entertainment websites, Alia Bhatt will play a pivotal role in expanding the mysterious world of Tumbbad. While the makers have not revealed details about her character, reports suggest that her role will be crucial to the film's biggest twists and will further explore the dark mythology surrounding Hastar. Her addition is expected to bring a fresh dimension to the horror-fantasy franchise. Entertainment portals have also highlighted that Tumbbad 2 marks Alia Bhatt's first full-fledged venture into the horror genre. In her statement, the actress expressed excitement about joining a film universe that has fascinated audiences for years. She said that Tumbbad stayed with her long after watching it and that becoming part of its sequel is both exciting and creatively fulfilling. The sequel will reunite Sohum Shah with acclaimed actor Nawazuddin Siddiqui and is being directed by Adesh Prasad. Produced by Sohum Shah Films in association with Pen Studios, the film aims to build upon the mythology established in the original movie while introducing new characters and expanding its supernatural world. Industry experts believe that Alia Bhatt's casting significantly raises the profile of Tumbbad 2. The original film earned widespread appreciation for its unique storytelling, stunning cinematography, and blend of folklore and horror, eventually becoming a cult favorite. With Alia joining the franchise, expectations for the sequel have increased, and many believe it could become one of the biggest Indian horror films upon release.
Published 14 Jul 2026 05:55 PM
played at a nearby gurdwara after being pulled out of ZEE5. In Punjabi villages, Diljits Satluj is given a second chance at life.
Diljit Dosanjh's film Satluj has received a new life in Punjab, even after being removed from the OTT platform ZEE5 in India. The film was taken down just two days after its release, leading to disappointment among fans who were eager to watch it online. However, instead of allowing the film to disappear, people in Punjab have started organizing public screenings in villages, gurdwaras, school grounds, and community halls. These screenings are being arranged by local sports clubs, youth groups, and Sikh organizations, which are using projectors, LED screens, and sound systems so that everyone can watch the film together.Many people believe that Satluj tells an important chapter of Punjab's history and should be available for the public to watch. Because of this, the community has come together to ensure that the film reaches as many people as possible. In several villages, volunteers have donated money, equipment, and their time to organize these events. Families, young people, and elderly residents have gathered in large numbers to watch the movie, turning the screenings into community events. Some participants have even described these efforts as a form of "seva" (selfless service) because they feel they are helping preserve an important story.The Delhi Sikh Gurdwara Management Committee (DSGMC) has also announced that it will hold public screenings of the film in gurdwaras and organize educational seminars about the life of Jaswant Singh Khalra, whose story inspired the movie. The committee believes that people should have the opportunity to learn about this part of history despite the film's removal from the streaming platform. Similar screenings are now being planned in several states, including Punjab, Delhi, Haryana, Rajasthan, and Jammu, showing the strong public support for the film.The controversy over Satluj has also sparked legal and public debate. A Public Interest Litigation (PIL) has been filed in the Punjab and Haryana High Court, asking for the film to be restored on ZEE5. The petition argues that removing the film without a clear public explanation raises concerns about freedom of expression and transparency. Meanwhile, Diljit Dosanjh has said that he was not surprised by the film's removal, as it had already faced several delays and challenges before its release. Despite these obstacles, the overwhelming support from local communities has given Satluj a second life, proving that audiences are determined to keep its story alive.
Published 09 Jul 2026 08:49 PM
Axis Bank is Religares pick of the month for March, 10% upside seen at TP of ₹1,185; should you buy?
Domestic brokerage firm Religare Broking has picked Axis Bank as its stock pick of the month for March 2024 with a potential upside seen around 10 per cent. Shares of Axis Bank were on an uptrend and gained around three per cent today as Nifty 50 hit a fresh lifetime high of 22,353.30 on strong macroeconomic indicators.On Friday, March 1, shares of Axis Bank opened at ₹1,074.05 and gained 2.5 per cent to hit an intra day high of ₹1,101.60 against its 52-week high of ₹1,151.50 apiece on the BSE. Shares of Axis Bank settled 2.20 per cent higher at ₹1,099.35 apiece on the BSE. At a current market price (CMP) of ₹1,085, Religare sees a potential upside of 10 per cent on Axis Bank stock at a target price of ₹1,185 from an initiation range of ₹1,080-1,085 and a stop loss of ₹1,030. Religare Broking highlights that in its report that Axis Bank has remained one among the top performer among the private banking majors and we expect the outperformance to continue. ‘’The stock has been in a primary uptrend from last more than eight months, forming series of Higher Highs and lows with gradual rise in volumes. It has formed an elevated base around the 20 weekly EMA which also coincides with rising support trend line,'' said Religare Broking. Following the price action and uptick in volumes indicates the stock to resume its prevailing trend and inch higher to surpass its previous swing high, according to the brokerage. The stock gained marginally (around three per cent) in the previous series with reduction of eight per cent open interest (OI). 98 per cent of the open positions rolled which is same with respect to previously. ‘’OI of 82k contracts as against 89k previously. Decent cash based buying also seen in last three days of February series. With fresh cash accumulation and shorts being trapped, it may witness good short covering,'' said Religare Broking. The bank's net interest income (NII) in the third quarter at ₹12,532, crore, which rose by nine per cent - almost in line with the market estimate of ₹12,555 crore. NII is the difference between interest earned by a bank through loans and interest it pays to depositors. Meanwhile, the net interest margin (NIM) stood at 4.01 percent for the quarter ended on December 31, 2023. Net Interest Margin refers to the difference between the interest income earned and the interest disbursed by a bank in relation to its interest-generating assets such as cash.
Published 01 Mar 2024 09:35 PM
Potential for any re-rating delayed for Paytm, says UBS; still sees 25% upside in the stock – heres why
Shares of One 97 Communications (Paytm) have witnessed an almost 50 percent drop just in February as investor sentiment turned negative amid the RBI and Paytm Payments Bank Ltd (PPBL) saga.In a recent note, brokerage house UBS said it believes that any potential for a re-rating of Paytm based on profitability improvement has been delayed. It has retained a 'neutral' call on the stock and reduced its target price to ₹510 (from ₹650 earlier). The new target indicates an over 25 percent potential upside. "Paytm's share price has derated significantly post RBI regulatory action and the stock is trading at 1.5x EV to one-year forward consensus sales, nearly an 80 percent discount to its Indian internet peers. Our ₹510 price target implies a 2.4x EV to FY25E sales, which is still a 70 percent discount to Indian internet peers. We believe this is justified as Paytm's growth profile is now much weaker at an 8 percent expected revenue CAGR over FY24-26E, versus Indian peers at a much higher 27 percent. Additionally, Paytm's re-rating potential based on its profitability improvement is now also pushed out and the company's margin profile is much weaker than peers. Furthermore, the loss of investor confidence based on the regulatory action is unlikely to change in a hurry. We believe only sustained execution in the coming quarters can re-build investor confidence which would drive a re-rating," explained the brokerage. The RBI on January 31 directed PPBL to stop accepting deposits or top-ups in customer accounts, wallets, FASTags, and other instruments after February 29, citing large-scale non-compliance with regulations and supervisory concerns. In the latest update, the Reserve Bank of India clarified that non-Paytm Payments Bank Limited (PPBL) linked merchants (85 percent of the total) can continue to function as normal and gave a 15-day extension till 15th March for most PPBL-linked activities. RBI also informed that @paytm UPI handles can be migrated to banks after approval from NPCI. This implies key linkages between Paytm and PPBL will be transferred to other banks via Paytm and also clears the way for Paytm to function as third-party app provider (TPAP), similar to its competitors PhonePe and Google Pay, once NPCI provides approval for the same. Following RBI's latest update, the anticipated negative impacts on Paytm have been alleviated to a considerable extent. Paytm is poised to retain a significant portion of its customer and merchant base pending certain approvals from the National Payments Corporation of India (NPCI). However, UBS anticipates a churn of 15-20 percent in merchants, customers, and devices in Q4 compared to Q3 levels, accompanied by a steep decline of around 60 percent quarter-on-quarter in loan origination. Additionally, it foresees a challenging FY25 with a projected 2 percent revenue decline, attributed to the loss in the wallet business and gradual normalisation in payments and loan origination activities. To regain lost customers, Paytm is expected to escalate its marketing expenditure, leading to heightened EBITDA losses in FY25, consequently prompting adjustments in its EPS estimates.
Published 01 Mar 2024 09:35 PM
Stock market selloff: Nifty forms Bearish Engulfing; 21,850 next?
Nifty on Wednesday could not sustain early gains and saw heavy selling, as it closed below the psychological mark of 22,000 for the time since February 15. The index formed a Bearish Engulfing pattern on the daily chart, which has a negative connotation. The silver lining was the index somehow managed to settle above its 21-day EMA on a closing basis. If the index stays below 22,000 level, chances are it may revisit 19,850-800 level, analysts said.“The index dropped below the 22,000 mark, indicating a growing weakness. Nevertheless, it managed to close just above the 21EMA on the daily timeframe. Observing the daily chart, the index has been navigating within a rising channel. A decline below 21,950 could potentially trigger a correction towards 21,800 in the near term,” said Rupak De, Senior Technical Analyst at LKP Securities. For the day, the 50-pack index closed at 21,951.15, down 247.20 points or 1.11 per cent. A sustained Nifty trade above 21,950 might spur a recovery in the index towards 22,100, De added. With the Bearish Engulfing candle, Nifty has given up all the gains of the previous week, said Chandan Taparia of Motilal Oswal Securities. This analyst believes that were the index say below 22000, weakness could be seen towards 21,850, followed by 21,700 levels. Resistances are seen at 22,150 and 22,222 levels, he said.atin Gedia – Technical Research Analyst at Sharekhan said that the index has reached its 20-day moving average of 21,944. He said the broad range of 21,800-22,300 still has not been breached. "The daily as well as hourly momentum indicators have a negative crossover, which is a sell signal. But prices are still in a range and, hence, a decisive breach below 21,875 i.e. the previous swing low is required to validate the change of trend. The Index is around the crucial support zone 21,900, which is likely to act as a make-or-break level from short term perspective," Gedia said.
Published 01 Mar 2024 09:34 PM
IIT Kanpur’s 1974 batch pledges Rs 10.11 crore
"The Class of 1974 of the Indian Institute of Technology Kanpur (IIT Kanpur) has committed Rs 10.11 crore to fund a range of institute initiatives. The promise is made as part of the batch's Golden Jubilee Reunion, which will take place from February 23 to February 25, 2024, and will bring together over 80 graduates and their families. ""IIT Kanpur takes great pride in its alumni, and time and time again, our alumni have come together for supporting the growth of their alma mater through various means,"" stated Prof. S Ganesh, Director of IIT Kanpur, in response to the Class of 1974's kind pledge. The Class of 1974's commitment to support greatness at the institute by aiding in its development aligns with a shared goal He continued, ""The 'Batch Legacy Fund' will be used to enhance possibilities for both faculty and students. ""We, the proud alumni of the Class of 1974, are honored to unite and contribute to our cherished alma mater, IIT Kanpur,"" he stated, thanking his classmates for this endeavor and his alma mater, batch coordinator Yogesh Khosla. Our combined support is a testament to our great pride in the organization and our common goal of seeing it succeed moving forward. I would want to sincerely thank everyone of my classmates for their kind cooperation in this project. The Class of 1974's 50th reunion was a happy event full with memories, laughter, and introspection that will live on in the archives of IIT Kanpur, an institution thinkinh said. IIT Kanpur stated that the ""Class of 1974 Batch Legacy Fund"" will undoubtedly advance learning within its community and expressed its sincere gratitude to the Class of 1974 for their outstanding contribution and steadfast dedication. The researchers from the Indian Institute of Technology Madras (IIT Madras) will present their findings to the students during an open house. The purpose of the event is to give students a forum to interact with professionals and well-known businesspeople. March 2 and March 3 of 2024 will be dedicated to the open house. Shaastra will host IITM for Everyone. A statement on the social media account read, ""IIT Madras is open to all for the first time in 15 years."" "
Published 28 Feb 2024 05:34 PM
AAP must leave its headquarters by June 15th, per a Supreme Court order.
The Aam Aadmi Party of Arvind Kejriwal will have to leave its headquarters, which are located on a plot of land designated for the High Court. The good news is that you still have until June 15 to act. The Supreme Court gave the party a long deadline because of the upcoming Lok Sabha elections, emphasizing that this is an encroachment case. The party may now submit an application for alternative land to the Land and Development Office of the Center.The bench, which included Chief Justice D Y Chandrachud and Justices J B Pardiwala and Manoj Misra, stated, "We would request the L&DO to process the application and communicate its decision within a period of four weeks." The bench continued, "AAP has no legal right to remain on the land." The Delhi High Court was granted land in February to expand its operations and build more courtrooms for the Rouse Avenue location. The court had noticed that the AAP was intruding on this land. When considering a case involving the nation's judicial system, the highest court took notice of the issue.The state government promised at a meeting on February 15 that the plot would be removed in two months if a substitute plot was provided, in response to a court order. However, the situation remained unchanged. According to India's Chief Justice, DY Chandrachud, nobody has the authority to impose law on others. "It is absurd for any political party to sit on it. Every intrusion will be eliminated... The land should be given to the High Court so that it can be utilized by the general public and citizens, Justice Chandrachud stated.
Published 04 Mar 2024 05:31 PM
Article 21: The Constitutions Soul, with Citizens Liberty Supreme
According to the Supreme Court, Article 21 is the essence of the Constitution because it protects citizens' rights to liberty, which are so valuable that a person would lose them if the high court takes too long to decide cases pertaining to it. Amol Vithal Vahile, a prime accused in the murder of a corporator in Maharashtra, was granted bail by the Bombay High Court on January 29 following prodding from the top court, according to a bench of Justices B R Gavai and Sandeep Mehta.In a recent ruling, the bench stated that it is evident that prior to this court's order being issued on January 29, 2024, the high court had dismissed the bail application on one or more grounds rather than considering it on its merits.It goes without saying that Article 21 of the Indian Constitution is its core because it upholds the fundamental right to liberty for all citizens. It stated, "Depriving the party of their precious right guaranteed under Article 21 of the Constitution of India would mean not reaching a quick decision and brushing off the issue on one or the other basis pertaining to a citizen's liberty." The bench stated that it has encountered numerous cases from the Bombay High Court in which the applications for bail and anticipatory bail were not resolved promptly. The bench mentioned one instance where the application for anticipatory bail was pending for over four years. "We have also encountered many cases where the judges find an excuse to reroute the case on unrelated grounds rather than rendering a decision based on the merits of the case. As a result, we ask the chief justice of the Bombay High Court to communicate our request to all judges who have criminal jurisdiction so that the issue of bail and anticipatory bail can be decided as soon as possible," the bench stated.It requested that the Supreme Court's Registrar (Judicial) forward this directive to the High Court's Registrar (Judicial), who will present it to the Bombay High Court's chief justice. The bench stated on January 29 that, despite the fact that Vahile had been detained for more than seven years, on March 30, 2023, the high court had ordered him to appear before the trial court for regular bail.
Published 02 Mar 2024 06:02 PM
SEA urges Centre to not extend ban on export of de-oiled ricebran
The Solvent Extractors’ Association of India (SEA) has asked the Indian Government to not extend the ban on the export of de-oiled rice bran beyond March 31.In a letter to Piyush Goyal, Union Minister of Commerce and Industry, Consumer Affairs, Food and Public Distribution; and Parshottam Rupala, Union Minister of Fisheries, Animal Husbandry and Dairying; the President of SEA, Ajay Jhunjhunwala, said the total export of de-oiled rice bran constitutes only around 6 per cent of the production. The restriction has adversely affected processors and exporters along with paddy farmers, hindering them from realising better returns on their produce, he said. The government banned the export of de-oiled rice bran in a notification dated July 28, 2023, effective until November 30, 2023. This was further extended till March 31, 2024 in a notification dated December 8, 2023. Stating that processing of ricebran has picked up with the commencement of new season in November, he said availability of de-oiled ricebran has improved. This is evident from the reduction of price from ₹18,000 a tonne on July 28 2023 (the date of issuing notification) to ₹12,500 a tonne at present. Mentioning that the industry benefits from the export of de-oiled rice bran, he said easy clearance of meal leads to sustained processing, leading to better capacity utilisation, continuous oil availability, increased employment, and significant value addition along with valuable foreign exchange. India, which has successfully developed export market for de-oiled rice bran over the last 30 years, primarily serves Vietnam, Thailand, Bangladesh and other Asian countries. “An abrupt change in export policy has given opportunity to our competing countries like Sri Lanka, Bangladesh to capture Vietnam market for de-oiled ricebran and the market will be lost in no time,” he said. Eastern States, including West Bengal, are a significant producer of de-oiled ricebran. Since the cattle feed industry remains underdeveloped in this part of the country, there is limited demand for de-oiled ricebran in eastern India, he said. “The exorbitant local freight charges to move de-oiled ricebran from eastern India to south or west India makes export the principal means of disposal for de-oiled ricebran in the region. Since export is banned, ricebran processors in Eastern India are facing the prospect of shutting down their operations, adversely impacting the rice milling industry and reducing ricebran oil production,” Jhunjhunwala said. Though export restriction on de-oiled ricebran was imposed in July 2023 to ease milk prices, there is almost no reduction in milk prices across the country since this ban, he said. This is because the cost component of de-oiled ricebran in milk price is very nominal. “We are still of the view that continuing this ban will not support reduction in milk prices but will continue to negatively impact the ricebran processors and de-oiled ricebran exporters,” he said, and requested the government not to extend the ban beyond March 31.
Published 01 Mar 2024 09:45 PM
Government Employees Platform Plans Strike From May 1 Over OPS Demand
A group of Union and state government employees announced they will go on indefinite strike starting on Labour Day (May 1) this year to demand the restoration of the old pension scheme (OPS), The Hindu reported.The Joint Forum For Restoration of Old Pension Scheme (JFROPS), which was described as a platform of trade unions and associations working among Union and state government employees, said it had decided to serve strike notices starting March 19. Under the OPS, which was retired in 2004, retired government employees received half their last-drawn salary every month as a pension. The government concerned would foot the entire amount. The National Pension Scheme (NPS) replaced the OPS and involves the employee contributing 10% of their basic salary and the government contributing 14% into a corpus, which can be invested into different types of funds. How much an employee would receive upon retirement depends on the market return on these investments. Shiv Gopal Mishra, who is convenor of the JFROPS and is among the leaders of a railway workers’ union, told The Hindu that the decision to go on strike was taken after talks with the Union government had broken down. “We held several protests demanding restoration of OPS. We wrote letters to prime minister and finance minister urging them to restore the OPS. We have also been raising this issue in the JCM [joint consultative machinery] meetings, but the government ignored our demands and we are now forced to go on an indefinite strike,” Mishra was quoted as saying.The Hindu also cited government employees’ unions as claiming that ahead of the call for a strike, ballots conducted in various government departments suggested that nearly 100% of employees supported a strike.They have also argued that pensioners were worse off under the NPS because it does not hike pensions on a regular basis in order to correct for inflation. Some state governments have decided to restore the OPS for their employees. But the Reserve Bank of India has said that going back to the OPS would increase governments’ liabilities and put their financial security at risk. The Union government said in parliament in December that it does not plan on restoring the OPS. It has also warned its employees from going on strike before and argued that their right to form associations did not include a guaranteed right to go on strike. When Mishra was asked by The Hindu how the model code of conduct for the general elections would affect their planned strike, he said they wanted the issue to be discussed by the people. “This is an issue that involves lives of crores of people. Let the people discuss and decide on our demands. Even if the model code of conduct comes in picture, the Cabinet will be there, the Cabinet secretary will be there and they can take a decision on our demand,” he told the newspaper. Another employees’ union leader was cited as saying that ‘all unions’ except the pro-government Bharatiya Mazdoor Sangh would take part in their planned strike.
Published 01 Mar 2024 09:44 PM
What your scalp might be trying to tell you about why your dandruff keeps returning
Dandruff is one of the most common scalp problems, affecting millions of people worldwide. While many assume it is simply caused by a dry scalp, experts say recurring dandruff often points to a more complex issue. If white flakes continue to return even after using anti-dandruff shampoos, your scalp may be signaling an imbalance that needs more than a temporary fix. Factors such as excess oil production, fungal overgrowth, stress, weather changes, and even diet can contribute to persistent dandruff. One of the primary causes of recurring dandruff is the overgrowth of a naturally occurring yeast called Malassezia. This fungus lives on everyone's scalp but can multiply rapidly when excess oil is present. As it feeds on scalp oils, it produces by-products that irritate the skin, leading to itching, redness, and flaking. Individuals with oily scalps are particularly prone to this cycle, which explains why dandruff often returns soon after treatment is stopped. Your scalp can also reflect your overall health. Dermatologists note that persistent dandruff may indicate conditions such as seborrheic dermatitis, psoriasis, eczema, or sensitivity to certain hair-care products. If dandruff is accompanied by severe itching, inflammation, yellowish flakes, or patches of redness, it is advisable to seek medical advice rather than relying solely on over-the-counter shampoos. Treating the underlying condition is often the key to achieving long-term relief.Lifestyle habits play a significant role as well. High stress levels can weaken the body's natural defenses, making the scalp more susceptible to irritation and fungal growth. Poor sleep, an unhealthy diet lacking essential nutrients such as zinc and B vitamins, and inadequate hydration may also worsen scalp health. Experts recommend maintaining a balanced diet rich in fruits, vegetables, lean proteins, and healthy fats to support healthy skin and scalp function.
Published 06 Jul 2026 05:07 PM
A Significant Return for Marc Jacobs Beauty
Luxury makeup brand Marc Jacobs Beauty has officially returned in 2026 after being discontinued in 2021, marking one of the most talked-about beauty industry comebacks of the year. The brand relaunched with an entirely new collection of makeup products, including lipsticks, blush sticks, bronzers, eyeliners, mascaras, eyeshadows, and highlighters. The comeback is being led in partnership with Coty Inc., with products launching online and through Sephora stores.Beauty enthusiasts and industry experts have responded positively to the relaunch. The new collection features playful heart, star, and daisy-inspired packaging while maintaining the bold, high-performance formulas that made the original brand popular. Several products, particularly the Heart On Lipstick, Drawn This Way Eyeliner, and Born Star Eyeshadow, have generated strong demand and early sell-outs.Industry analysts view the return as a strategic move in the premium beauty market, where consumers are increasingly seeking distinctive brands with strong creative identities. Marc Jacobs himself recently described the relaunch as a modern reinvention rather than a revival of the old line, emphasizing individuality and self-expression as the brand's core philosophy.
Published 04 Jun 2026 06:02 PM
The days of microbladed eyebrows are over but are they reversible
Our eyebrows have seen more changes than any other feature. Brows have seen it all, from the thin, pencil-style brows of the year 2000 to the fuller, laminated look of today. But one thing hasn't changed: if you get your eyebrows correct, half of your appearance is taken care of.Microbladed eyebrows were commonplace for a very long period. Because the fad promised bigger, more natural-looking brows with less daily work, celebrities, influencers, and regular people loved it. For many, it provided a long-term solution for uneven or sparse eyebrows. But beauty trends change quickly, and what was once considered contemporary and attractive is now beginning to feel antiquated. Many people are starting to reconsider their previous microblading decisions as softer, more natural brows become more popular.In essence, microblading is a cosmetic tattooing method in which pigment is manually applied to the skin's surface to simulate eyebrow hair. According to Dr. Ruby Sachdev, an aesthetician and consultant at Gleneagles Hospital in Bengaluru, it became well-liked by those who want larger eyebrows without using makeup every day.
Published 03 Jun 2026 09:52 PM
Benefits of Sattu Indias first protein beverage
These days, a growing number of individuals are including tasty and nourishing "superfoods" from all over the world in their diets. Imagine those colorful matcha lattes, creamy avocado toasts, delicious chia pudding, quinoa salads, and cool kale smoothies. They are healthy in addition to being aesthetically pleasing. Just a gentle reminder: Is it really necessary to spend a lot of money to maintain your health?No, I believe! Sattu is an ancient superfood from India that is tasty, affordable, and very potent. This adaptable component, which is made from roasted gram flour, has been loved and consumed for more than 3,000 years, particularly in Bihar, Jharkhand, and Uttar Pradesh. Chana sattu, once cherished by diligent farmers for a rapid energy boost, is now widely accepted as a wholesome and organic supplement to contemporary meals nationwide. Let's examine the advantages of sattu powder, how it outperforms the most well-liked protein-rich foods, and why it should be at the top of your diet list before you hurry to try another foreign health craze.A traditional Indian flour produced from roasted barley or chickpeas is called sattu powder. In India, it is a native source of protein. It is a well-liked superfood with several health advantages due to its high protein content. Sattu, sometimes referred to as the "desi protein shake," is high in minerals, fiber, and plant-based protein. It is a popular dish in India that is becoming more and more well-known abroad.
Published 08 May 2026 06:04 PM
Ek bihari sab pe bhari Virat Kohli gives Vaibhav Sooryavanshi particular recognition
Virat Kohli's heartfelt praise for young Bihar cricketer Vaibhav Sooryavanshi has become one of the most talked-about moments after the IPL 2026 season. Following Royal Challengers Bengaluru's title-winning campaign, Kohli met the 15-year-old sensation and shared words of encouragement that quickly went viral on social media.In a video released by RCB, Kohli advised Vaibhav to stay focused on hard work and self-belief rather than outside opinions. He told the youngster that his success had come through dedication and confidence and urged him to keep aiming higher. The highlight of the conversation was Kohli's special line, "Ek Bihari, sab pe bhari", praising the Bihar-born batter for his remarkable performances throughout IPL 2026. .Vaibhav emerged as one of the biggest stars of the tournament, earning widespread admiration for his fearless batting and maturity at such a young age. His performances attracted praise from former cricketers and fans alike, with many viewing him as one of Indian cricket's brightest future prospects.The interaction between Kohli and Vaibhav was widely appreciated by cricket fans, who saw it as a passing-of-the-torch moment between one of India's greatest batters and a rising teenage talent. Kohli's message of humility, hard work, and self-belief has since been shared extensively across social media platforms.
Published 04 Jun 2026 05:53 PM
Virat Kohli changes once more incorporating elements of Abhishek and Sooryavanshi into his game
The cameras showed Kohli putting his arm over Sooryavanshi's shoulder and conversing with him for several minutes. Although the topic of the talk is unknown, rest assured that Sooryavanshi returned home much wealthier than he would have if he had only received a few honors. Less than a day has passed since Sooryavanshi was recommended for Test cricket by none other than the great Sachin Tendulkar. He had also complimented his batting style earlier.It is important to note that earlier in the 2026 IPL season, Kohli signed Sooryavanshi's cap and gave him an autograph after the left-handed hitter destroyed the RCB bowlers all over the field during the match at the Barsapara Stadium in Guwahati.Sooryavanshi won five awards when the IPL 2026 concluded. The 15-year-old was named Super Striker, Super Sixes of the Season, Orange Cap, Emerging Player of the Season, and Most Valuable Player. Sooryavanshi broke Chris Gayle's record for the most maximums in a single IPL season with 72 sixes during the 19th T20 competition. In the competition, he also became the fastest Indian to reach 1000 runs. In addition, he became the youngest player in the tournament to hit 1000 runs, surpassing Rishabh Pant.Sooryavanshi acknowledged that he would need to improve his fitness going forward if he wanted to have a lengthy career after receiving so many honors. "I need to improve my fitness if I want to avoid getting hurt. Everyone is really encouraging. In an interview with Ravi Shastri, Sooryavanshi stated, "Everyone supports me, including the senior players and support staff. It's a good atmosphere." Master Blaster Sachin Tendulkar has praised Sooryavanshi as well. According to the renowned Indian hitter, the young player possesses all the necessary skills to participate in the game's longest format.In relation to Sooryavanshi, the next tri-series in Sri Lanka will include him. The left-hander will play for India A against Afghanistan A and Sri Lanka A.In relation to Sooryavanshi, the next tri-series in Sri Lanka will include him. The left-hander will play for India A against Afghanistan A and Sri Lanka A.
Published 02 Jun 2026 10:57 PM
For the first time in an IPL season Indian hitters outpace foreign batters
IPL 2026 had the highest batting strike rate of any season at 156.34. For the first time in an IPL season, Indian hitters (157.10) scored more runs than foreign batters (154.71). 237.30 strike rate, 776 runs, and 72 sixes In an IPL season, Vaibhav Sooryavanshi became just the second hitter to score the most runs, hit the most sixes, and have the greatest strike rate (minimum 50 balls faced). Like Sooryavanshi, Chris Gayle was named Most Valuable Player in 2011.In the previous nine seasons, none of the highest run-scorers were among the top 15 strike rates in that season. The difference between Sooryavanshi's IPL 2026 run total and the next highest total for a batsman with a strike rate of 235 or more in any IPL season (Romario Shepherd's 70 runs in 2025) is 706 runs. IPL 2026 saw 65 totals of 200 or more, the highest in a T20 competition and 13 more than the previous record of 52 in IPL 2025. Individual teams also set new records in IPL 2026: Sunrisers Hyderabad (SRH), Punjab Kings (PBKS), Royal Challengers Bengaluru (RCB), and Rajasthan Royals (RR) all scored nine runs of 200 or more, the most in a Twenty20 competition.In terms of bowling, PBKS and RR gave up 200-plus totals nine times, which is also the most in a Twenty20 competition. IPL 2026 saw the highest number of sixes struck in a season, 1426, up 10.2% from the previous record of 1294 sixes in 2025. Thanks to 72 sixes from Sooryavanshi, who established the individual record for most sixes in a T20 competition, RR struck 181 sixes, the most of any team in a T20 event.
Published 01 Jun 2026 09:34 PM
Ramakrishna Ghoshs injury has been replaced by Macneil Noronha.
Macneil Noronha, an all-rounder from Karnataka who recently won the MA Chidambaram Trophy at the Naman awards for being the highest run-getter in the 2024/25 Colonel CK Nayudu Trophy, will join Chennai Super Kings (CSK) for INR 30 lakh as a replacement for Ramakrishna Ghosh, who injured his right foot during their game against Mumbai Indians on May 3rd and is out for the season. He will not play this season.Macneil Noronha will take Ghosh's place at CSK for INR 30 lakh.Noronha, a Karnataka all-rounder, has won the MA Chidambaram Trophy at the Naman Awards for scoring the most runs in the Colonel CK Nayudu Trophy for 2024–2025. Noronha was called up by the Karnataka team for the Syed Mushtaq Ali Trophy after an outstanding season, and he played in three games for his state.For the remainder of the 2026 Indian Premier League season, the Chennai Super Kings have selected Karnataka all-rounder Macneil Noronha to replace injured uncapped player Ramakrishna Ghosh.He was called up to Karnataka's Syed Mushtaq Ali Trophy squad as a result of his domestic achievements, and he played in three games. Noronha made an impressive 34 off 21 deliveries in his most recent match against Tripura in December 2025. He also contributed a wicket. The move comes after Ghosh was sidelined for the rest of the season due to a right foot injury he sustained during Chennai's match against Mumbai Indians on May 3. Ghosh had just made his eagerly anticipated IPL debut in that match, contributing to Chennai's decisive eight-wicket victory. Introduced into the attack in a high-pressure match, the young player returned figures of 1 for 24 from his three overs, taking the crucial wicket of Suryakumar Yadav, who had looked dangerous after reaching 21 off just 12 balls. In that match, Ghosh made his eagerly anticipated IPL debut and contributed to Chennai's convincing eight-wicket victory. The youthful player, who was brought into the attack in a high-stress match, recorded figures of 1 for 24 from his three overs, taking the crucial wicket of Suryakumar Yadav, who had appeared dangerous after reaching 21 off only 12 balls.Chennai will be hoping that Noronha will offer valuable depth as they continue to strive for a play-off position in spite of the setback.
Published 13 May 2026 05:46 PM
Why a political dispute has been sparked by Punjabs reversal on a new rural jobs initiative
The Punjab government has come under political criticism after it decided to implement the Centre’s Viksit Bharat–Guarantee for Rozgar and Ajeevika Mission (Gramin) (VB-G RAM G) scheme, despite previously opposing it in the Punjab Assembly. Earlier, the Aam Aadmi Party (AAP) government had argued that the new rural employment programme would weaken the existing rural job guarantee system and place a greater financial burden on the state. The controversy began because the government’s latest notification appears to reverse its earlier position. Opposition parties, including the Congress, Shiromani Akali Dal (SAD), and BJP, have questioned why the government changed its stand. They allege that the decision contradicts the Assembly’s earlier resolution and have demanded an explanation for the sudden policy shift. The Punjab government has defended its decision, saying the matter is linked to the Centre and rural development funding. Rural Development Minister Tarunpreet Singh Sond has accused opposition parties of using the issue for political purposes rather than focusing on the welfare of rural workers. The government has maintained that its priority is to ensure employment opportunities and continued development in villages. The issue has also led to protests by some workers' groups and has become a major political debate in the state. Opposition leaders say the government should clearly explain why it opposed the scheme earlier but is now implementing it. With both the ruling party and the opposition defending their positions, the rural jobs scheme has become an important political issue in Punjab.
Published 20 Jul 2026 06:59 PM
Congress MP Imran Masood irritates an ally by saying, SP cannot tolerate Muslim leaders.
Congress MP Imran Masood has sparked political controversy after alleging that the Samajwadi Party (SP) "cannot tolerate Muslim leaders." His remarks came during an ongoing war of words with SP leaders and have created visible friction between the two parties, which have previously cooperated under the INDIA bloc. According to reports, this is the first time since the INDIA alliance was formed in 2023 that a senior Congress leader has publicly accused SP of sidelining Muslim leadership. Masood's comments were made while responding to criticism from SP leader Udayveer Singh. He claimed that SP has a history of not allowing strong Muslim leaders to emerge and said the party is uncomfortable with Muslim politicians who speak independently and keep their promises. He also referred to past Muslim leaders associated with SP to support his argument. The remarks have reportedly upset several SP leaders, who fear the controversy could damage the party's image among Muslim voters ahead of the 2027 Uttar Pradesh Assembly elections. Some leaders are also unhappy that the Congress has publicly backed Masood instead of distancing itself from his statements. Political observers believe the exchange reflects growing tensions between Congress and SP over leadership and seat-sharing as preparations for future elections begin. While neither party has officially announced any change in alliance strategy, the public disagreement has raised questions about the strength of opposition unity in Uttar Pradesh.
Published 16 Jul 2026 06:01 PM
Any anti-sacrilege law must have strict safeguards to prevent its weaponization, said Akal Takht Jathedar.
The debate over Punjab's anti-sacrilege law has intensified after Giani Kuldeep Singh Gargajj, the Jathedar of the Akal Takht, said that any law dealing with sacrilege must include strong safeguards to prevent its misuse. In an interview published on Tuesday, he clarified that the Akal Takht is not opposed to legislation aimed at preventing sacrilege but wants a law that protects innocent people from being falsely implicated.According to Gargajj, past experiences with laws such as those related to sedition and anti-terror provisions have shown that legal measures can sometimes be misused. He argued that sacrilege is an extremely sensitive issue in Punjab and that any new law should clearly distinguish between deliberate acts of desecration and cases of administrative negligence. He warned that harsh penalties for unintentional lapses could lead to injustice.The Jathedar also suggested that the law should go beyond punishing the individual who physically commits an act of sacrilege. He said that if investigations reveal links to organisations, sects, or deras that allegedly encourage or plan such acts, their leadership should also face legal action. In his view, targeting only the immediate accused would leave the real conspirators untouched and weaken the effectiveness of the legislation. Another point of concern raised by the Akal Takht relates to the wording of the proposed law. Religious authorities have objected to certain definitions and terminology, arguing that they do not accurately reflect Sikh religious beliefs and traditions. They have urged the Punjab government to revise these provisions after consulting Sikh institutions before implementing the law.The issue has also led to growing tensions between the Akal Takht and the Aam Aadmi Party-led Punjab government. Recently, the Akal Takht issued a warning to the government over what it described as defamatory campaigns against Sikh institutions and continued to press for amendments to the anti-sacrilege legislation.The Punjab government, on the other hand, has maintained that the objective of the law is to provide stronger legal protection against incidents of sacrilege. It has also expanded the list of protected religious terms and symbols used during investigations. The debate is expected to continue as both the government and Sikh religious authorities seek a balance between safeguarding religious sentiments and ensuring that the law cannot be misused for political or personal purposes.
Published 07 Jul 2026 05:25 PM
Uddhav Thackeray’s Hindutva reset How Ayodhya row handed him an opening
The alleged irregularities in donations to the Ayodhya Ram Temple have provided a fresh political opportunity for Uddhav Thackeray to reclaim the Hindutva narrative that has long been associated with the Shiv Sena. Launching the 'Ram Raksha Andolan' in Maharashtra, the Shiv Sena (UBT) chief accused the BJP of exploiting Hindu sentiments and demanded an impartial investigation into the alleged misuse of temple donations.At a rally in Mumbai, Thackeray revived slogans closely linked to his father, Bal Thackeray, including "Garv Se Kaho Hum Hindu Hain." He argued that his party had never abandoned Hindutva, but had only parted ways with the BJP. By doing so, he attempted to re-establish Shiv Sena (UBT) as the original champion of Hindutva while accusing the BJP of turning the ideology into a political tool.Thackeray also alleged that those responsible for the alleged donation irregularities could not be trusted to investigate themselves. He called for an independent probe, stating that "those looting Hindus are in power." His remarks sought to shift the debate from temple construction to accountability and transparency in the management of religious donations. The political significance of this campaign extends beyond the Ayodhya controversy. Since the 2022 split in the Shiv Sena, the BJP and the faction led by Eknath Shinde have repeatedly accused Uddhav Thackeray of abandoning Hindutva after aligning with the Congress and the NCP. By making the Ram Temple issue central to his campaign, Thackeray is attempting to counter that narrative and reconnect with traditional Sena supporters.The BJP has rejected Thackeray's allegations and responded by saying that he had "finally remembered Ram." Party leaders maintain that Uddhav's campaign is politically motivated, while reiterating that investigations into the donation controversy are already underway. Meanwhile, the Ram Temple Trust is reviewing developments related to the case as public attention remains focused on the issue.Political observers believe the Ayodhya donation row has handed Uddhav Thackeray an opening to revive his party's core ideological identity ahead of future elections. Whether this strategy succeeds will depend on the outcome of the investigation and whether voters view his renewed emphasis on Hindutva as credible or primarily a political response to the BJP's dominance over the issue.
Published 06 Jul 2026 04:51 PM
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Published 20 Jul 2026 06:43 PM
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Toyota Innova Crysta, Fortuner, Hilux despatches temporarily on hold in India
Toyota Kirloskar Motor will be temporarily suspending despatches of the Innova Crysta, Fortuner and Hilux utility vehicles in India, amid the discovery of irregularities in horsepower output certification test on the diesel engines in these models. Toyota Motor Corporation (Toyota) said it had commissioned Toyota Industries Corporation (TICO) to develop its diesel engines. On Monday, TICO reported to Toyota that a special investigation committee set up to look into the potential certification irregularities stated that irregularities had occurred during the horsepower output certification testing for three diesel engines that Toyota had commissioned to TICO.In a global statement, Toyota Motor Corporation said that during certification testing, the horsepower output performance of engines was measured using electronic control units (ECU) with software that differed from that used for mass production, so that results could be measured to make values appear smoother with less variation. Ten models use the affected engines globally, including six in Japan. The Innova Crysta, Fortuner and Hilux account for almost a third of Toyota Kirloskar Motors’ (TKM) total sales in India. To our sister publication Autocar Professional’s query, a Toyota Kirloskar spokesperson explained that the irregularities concern the ‘smoothing’ of power and torque curves, but did not lead to any over-stating or over-claims on horsepower, torque or other powertrain-related values. “Moreover, this does not have any impact on the emissions or safety of the affected vehicles,” assured the spokesperson.Thus, while despatches have been suspended, the company will continue to produce and take orders for the Innova, Fortuner or Hilux. "For cars that have already been despatched but have not yet been delivered to the customer, we will carefully explain to them about this condition. Thereafter, we will proceed with registration and delivery for customers who opt to receive their vehicles,” explained the spokesperson.In its statement, Toyota Kirloskar Motor said, “Nevertheless, TKM sincerely apologises for any inconvenience and concern this irregularity may cause to our customers and other stakeholders." Toyota Kirloskar Motor also said it is working with relevant authorities to reconfirm the data used for the certification of the affected vehicles. Meanwhile, Toyota Motor Corporation added that the company has reverified the mass-produced products manufactured at the plant and confirmed that the affected engines and vehicles meet engine performance output standards. “Therefore, there is no need to stop using the affected engines or vehicles. However, we deeply apologise to our customers who have been supporting affected vehicles and waiting for a long time, and also to all other stakeholders for the significant inconvenience and concern that this has caused,” added Toyota Motor Corp.Based on the results of the investigation, its subsidiary TICO decided on Monday to temporarily suspend shipments of the affected engines. Going forward, Toyota said it will provide detailed explanations to authorities and proceed with appropriate measures, including conducting testing in the presence of witnesses, if appropriate. “We consider the appropriate process of certification to be a major prerequisite for doing business as an automobile manufacturer. We recognise the gravity of the fact that the repeated certification irregularities at TICO, following those at Daihatsu, have shaken the very foundations of the company as an automobile manufacturer,” said the release.The episode may lead to a restructuring of the relevant business, which will require a change, claims Toyota, “in the mindset of all individuals, from management to employees, as well as a drastic reform of corporate culture. Such tasks cannot be accomplished overnight. Hence, as the party responsible for transferring the diesel engine business, Toyota will continue to provide support toward the revitalisation of TICO's engine business.”
Published 30 Jan 2024 09:50 PM
Porsche Launches New Macan EV At Rs 1.65 Crore: 5 Things You Need To Know
Porsche has launched the 2024 Macan EV, confirming that the nameplate will now be solely offered with an electric powertrain. It is the first all-electric SUV by Porsche and was launched in India immediately after its global debut. For now, you only get the bonkers Turbo variant, priced at Rs 1.65 crore (ex-showroom). But we expect lower-end versions to be available down the road. Here are five things you need to know about. The Macan might be instantly recognisable as one thanks to its familiar silhouette. However, there’s plenty new with certain design elements taking inspiration from the Taycan. That includes the new four-point LED DRLs, which get their own housing on top with the headlights located lower down the bumper. Shifting to the side profile, the 2024 Macan flaunts new sporty five-spoke alloy wheels, which can be configured up to 22 inches in size. And moving on to the rear, you get a new set of connected LED tail lamps that increases its wow factor. Another highlight is that it features an adaptive rear spoiler instead of one integrated above the rear windshield as seen in the ICE Macan. Inside, the cabin of the Porsche Macan EV is similar to that of the facelifted Cayenne, as its design closely resembles it. Displays galore as you get not one, but three screens for the driver, infotainment and co-driver. Thankfully, you still go get physical controls for operating the climate control. Another interesting touch is the ambient lighting along the dashboard, serving not only an aesthetic purpose but also functioning as communication lights for providing warnings and alarms. The all-electric Macan is equipped with a triple-screen setup comprising a 12.6-inch digital driver’s display, a 10.9-inch touchscreen infotainment system, and another 10.9-inch display for the front passenger.
Published 30 Jan 2024 09:49 PM
Aim to double AUM to Rs 20,000 crore by FY27, says HomeFirst MD & CEO
HomeFirst Finance will likely borrow Rs 4,000 crore in 2024-25 (April-March) to grow its loan book, managing director and chief executive officer Manoj Viswanathan, has said. “We have already tied up our requirement for this financial year. We are in discussion with banks for the next year. Most of them are looking to extend lines of credit to us,” he said.Currently, banks loans comprise 56% of the company’s borrowing mix. Going ahead, the non-banking financial company is looking to increase borrowings from development finance institutions, with the Reserve Bank of India has been cautioning non-bank lenders against over-reliance on bank borrowings. “Overall, we feel that our liability profile is balanced. We should not be having any issues for the next few years,” he said. The company’s assets under management stood at around Rs 9,000 crore as on December 31. It expects the AUM to grow to Rs 20,000 crore in the next three years. Housing loans comprise 86% of the AUM. Loan against property and shop loans comprise the remaining 14%.Around 68% of the book comprises loans to the salaried customer segment and the rest is to the self-employed segment. Loan disbursals surpassed Rs 1,000 crore in the December quarter.Currently, around 6% of disbursals are done through the co-lending route. The NBFC has co-lending partnerships with Central Bank of India and Union Bank of India. By the end of 2024-25, around 10% of disbursals will be done through the co-lending route.The company remains focused on increasing its return on equity (RoE). The RoE is expected to improve due to a growth in the loan book and higher leverage. “We are focused on return on equity. As we leverage the book, the return on assets will decline in any case. But, RoEs are improving in spite of net interest margins being lower,” Viswanathan said. The return on equity rose 210 basis points year-on-year to 15.8% in the December quarter.
Published 30 Jan 2024 09:47 PM
Star Health Insurance Q3 results: Net profit rises 37.5% to Rs 289.55 cr
The largest standalone health insurer, Star Health Insurance, posted a 37.5 per cent year-on-year (Y-o-Y) growth in net profit to Rs 289.55 crore during the third quarter of the financial year 2023-24, as compared to Rs 210.47 crore in the year-ago period, supported by healthy growth in premium and a fall in commissions expenditure.The net profit jumped by 131 per cent from Rs 125.30 crore in Q2 FY24.The new business premium of the company increased by 16 per cent (Y-o-Y) to Rs 3,605.81 crore from Rs 3,096.68 crore. The net investment income of the firm jumped 40.58 per cent to Rs 162.64 crore from the year ago.The net commission of the health insurer dropped 13.11 per cent (Y-o-Y) to Rs 349.85 crore from Rs 402.64 crore. The solvency ratio of the insurer rose to 223 per cent from 217 per cent. The minimum regulatory requirement is 150 per cent.The combined ratio, which is a measure of the profitability of the general insurer, increased to 97.30 per cent from 94.81 per cent in the year-ago period. A combined ratio of less than 100 is considered to be better; it indicates that the insurer is earning more through premiums as compared to claims paid and the operating expense incurred. Therefore, it is better for the company if the combined ratio is lower.The claims ratio of the company was 67.69 per cent, up from 63.75 per cent in Q2 FY24. The health insurance industry typically witnesses higher claims during the monsoon period due to rainy season-related diseases, whereas historically, insurance premium income is higher towards the end of the financial year considering the tax benefits available to policyholders.
Published 30 Jan 2024 09:47 PM
Samsung Galaxy S24 Ultra Review: The most feature packed flagship
Over the past couple of years, Samsung has consistently launched flagship devices at the beginning of the year, and these devices often maintain their top positions in the market throughout the year. The latest addition to this trend is the Samsung Galaxy S24 Ultra, unveiled at the global 'Galaxy Unpacked' event in San Jose. After using the device for the past 10 days, it has left a positive impression. The device is priced at ₹1,29,999, slightly higher than last year's S23 Ultra. But is it worth the investment? Let's delve into the details. I have hands-on experience with previous Ultra models, including the Note series, and the S24 Ultra has made significant advancements. Samsung has slimmed down the sides for this year's model, making it a delight to hold. The titanium frame adds a touch of sophistication, and the phone feels slightly lighter compared to last year's device. On the right edge, you'll find the power and volume buttons, while the bottom edge features the lone USB-C port and a slot for the S Pen. The S Pen employs the tried-and-tested push mechanism for easy ejection, making it convenient to grab even when not directly looking at the screen. Despite its lightweight feel, the stylus appears to be durable. The S Pen is very responsive to the S24 Ultra's display. I appreciate its versatility for note-taking, colouring, drawing, and the added functionality of using the S Pen button as a remote camera shutter. The phone features a 120 Hz adaptive refresh rate and a 6.80-inch touchscreen display, protected by Gorilla Glass Armor. Let’s just say the 6.8-inch 1440 x 3120 OLED screen is the centrepiece of the S24 Ultra. It is perfectly sharp and crisp and with the huge screen, the viewing experience is delightful. The display is exceptionally bright, providing no difficulty in reading emails and messages outdoors, even under direct sunlight. With a brightness of 2,600 nits, a 40% upgrade over the S23 Ultra, and the added protection of Gorilla Glass Armor with an effective anti-reflective coating, the S24 Ultra's screen ensures both durability and visual clarity.
Published 30 Jan 2024 09:46 PM
Piramal Enterprises suffers ₹2,378-crore Q3 loss due to AIF provisioning
Piramal Enterprises Ltd, the financial services arm of the Piramal Group, on Monday (January 29) reported a consolidated net loss of ₹2,377.6 crore for the third quarter that ended December 31, 2023. The exceptional loss of ₹3,339.8 crore has to do with its investments in alternative investment funds (AIFs). In the corresponding quarter last year, Piramal Enterprises posted a net profit of ₹3,545.4 crore, the company said in a regulatory filing. The company's revenue from operations declined 11.9% to ₹2,475.7 crore against ₹2,811.2 crore in the corresponding period of the preceding fiscal. The total assets under management (AUM) is up 6% quarter-on-quarter and 9% year-on-year, excluding the impact of AIF provisions. Provisions of ₹3,540 crore, taken according to RBI circular on AIF investments, led to a reduction in AUM. The company remains confident of the full recovery of the AIF investments. Interest income also fell to ₹1,931 crore from ₹2,006 crore in the year-ago period. However, the total expenses of the company stood at ₹2,414 crore against ₹2,807 crore in the same period a year ago, Piramal Enterprises said. Ajay Piramal, Chairman of Piramal Enterprises Ltd, stated, "In response to the RBI circular issued in December, we made complete provisions for our investments in AIFs, subsequently removing them from our AUM. Our confidence in the full recovery of these investments remains strong, which is evident in the positive payment record thus far. We have made substantial enhancements to our net interest margins, achieved robust fee income growth, and optimized opex (operating expense) ratios to deliver a strong core operating profit. Our commitment is to further enhance profitability by optimising operating leverage in our growth business and reducing the contribution of the legacy business." On January 27, Piramal Enterprises announced its intention to sell the entire direct investment of 20% of the fully paid-up equity share capital held in Shriram Investment Holdings Pvt Ltd (formerly known as Shriram Investment Holdings Ltd) to Shriram Ownership Trust (SOT), for a consideration of ₹1,440 crore.The transaction is subject to receipt of requisite regulatory approvals by SOT and is expected to be completed before March 31, 2024, PEL had said in a separate regulatory filing. The contribution of SIHPL in the revenue of the company for the year ende
Published 30 Jan 2024 09:45 PM
Zee-Sony merger: NCLT issues notice to Sony to file reply in three weeks
The National Company Law Tribunal (NCLT) on Tuesday accepted a petition by a Zee Entertainment shareholder seeking the merger of its Indian entity with Sony, which was called off last week despite regulatory approvals.The Mumbai-bench of NCLT issued a notice on a petition moved by Mad Men Film Ventures, a shareholder of Zee Entertainment Enterprises (ZEEL), directing Sony Pictures Network India, now known as Culver Max, to file a reply within three weeks.Mad Men Film Ventures on Tuesday filed the petition requesting both ZEEL and Sony to implement the merger as it was approved by the NCLT in August 2023.The tribunal did not agree to the arguments made by the counsel stating that the approval by NCLT was conditional and depended on various conditions, which may be fulfilled or waived off in writing. Last week, the Sony Group Corp called off the merger with ZEEL following a stalemate over who will lead the merged entity.NCLT has kept the next date of hearing on this matter on March 12.The deal stipulated that the merger was to be completed before December 21, 2023, including regulatory and other approvals with a grace period of one month to complete the transaction.This merger could have otherwise created a $ 10 billion media enterprise in the country. The National Company Law Tribunal (NCLT), on Tuesday, accepted a petition filed by a shareholder of Zee Entertainment seeking the merger of Zee Entertainment's Indian entity with Sony, a move that had been called off last week despite obtaining regulatory approvals.The NCLT Mumbai bench issued a notice regarding a petition filed by Mad Men Film Ventures, a shareholder of Zee Entertainment Enterprises (ZEEL) directing Sony Pictures Network India, currently known as Culver Max, to submit a reply within a three-week timeframe.On Tuesday, Mad Men Film Ventures submitted a petition urging both Zee Entertainment Enterprises (ZEEL) and Sony to execute the approved merger, which was sanctioned by the NCLT in August 2023.
Published 30 Jan 2024 09:44 PM
Bajaj Finserv Q3 results: Net profit increases by 22% to Rs 2,158 crore
Bajaj Finserv on Tuesday reported a 22 per cent increase in consolidated net profit to Rs 2,158 crore for the December quarter.The diversified financial services group had earned a net profit of Rs 1,782 crore in the year-ago period.The company's total income increased to Rs 29,038 crore in the third quarter of the ongoing fiscal from Rs 21.755 crore in the year-ago period, Bajaj Finserv said in a regulatory filing.Interest income during the quarter increased to Rs 13,922 crore as against Rs 10,430 crore in the same period a year ago.Total expenses also moved up to Rs 23,609 crore from Rs 17,336 crore in the same quarter a year ago. During the quarter, its subsidiary Bajaj Allianz Life Insurance Company posted shareholders' profit at Rs 108 crore from Rs 81 crore, registering an increase of 33 per cent.Non-life arm Bajaj Allianz General Insurance profit remained flat at Rs 281 crore as compared to Rs 278 crore in the year-ago period. The profit after tax for Bajaj Housing Finance Ltd, a wholly-owned subsidiary of Bajaj Finance, experienced a growth of 31 per cent. Additionally, Bajaj Finance's consolidated assets under management crossed the milestone of Rs 3 lakh crore in Q3FY24.Bajaj Allianz General Insurance Company (BAGIC) reported a 19 per cent growth in gross written premium. Excluding the impact of bulky tender-driven crops and government health business, the growth remained robust at 20 per cent for the company. Meanwhile, on Monday, Bajaj Finance, a subsidiary of Bajaj Finserv, announced a consolidated net profit of Rs 3,638.95 crore for the December quarter, marking a 22.4 per cent increase from the previous year. In Q3FY24, Bajaj Finance achieved its highest-ever quarterly growth in customer franchise, adding 3.85 million new customers and recording 9.86 million new loans booked.In addition, the interest income of the company during the quarter increased by 33.5 per cent on an on-year basis to Rs 13,922 crore compared to Rs 10,430 crore in the same period of the previous fiscal year. The premium and operating income from the insurance business of the company in the October-December quarter climbed to Rs 12,308.62 crore, as compared to Rs 9,102.50 crore in the same period of the previous year.
Published 30 Jan 2024 09:43 PM
ITC Q3 results: Net profit rises 10.8% to Rs 5,572 crore, beats estimates
India's ITC beat analysts' estimates for third-quarter profit on Monday as the consumer goods giant benefited from higher demand for its products ranging from cigarettes to noodles. The company's profit rose 10.8% to Rs 5,572 crore ($670.3 million) in the three months ended Dec. 31. Analysts on average had expected a profit of Rs 5,148 crore, according to data from LSEG. The company and peers have benefited as a crackdown oFY23.e smuggling of international cigarette brands reduced competition.Cigarettes account for more than 40% of ITC's topline. Revenue from operations rose 2% to Rs 17,665 crore, with the cigarettes business growing 3.6%. Bajaj Finance Ltd on Monday reported a 22.40 per cent year-on-year (YoY) rise in its consolidated third-quarter (Q3) profit for the ongoing financial year 2023-24 (FY24). The figure stood at Rs 3,638.95 crore in Q3 FY24 as against Rs 2,973 crore in the same period last fiscal. During the quarter under review, the non-bank lender's revenue from operations grew 31.28 per cent to Rs 14,161.09 crore from Rs 10,787.25 crore in Q3 FY23. Assets under management (AUM) grew by 35 per cent to Rs 3,10,968 crore as of December 31, 2023 from Rs 230,842 crore in Q3 FY23. Net interest income increased by 29 per cent in Q3 FY24 to Rs 7,655 crore from Rs 5,922 crore in Q3 FY23. In Q3 FY24, gross NPA (non-performing asset) and net NPA stood at 0.95 per cent and 0.37 per cent, respectively, as against 1.14 per cent and 0.41 per cent in the corresponding period last fiscal. The company also said it has provisioning coverage ratio of 62 per cent on stage 3 assets.Pre-provisioning operating profit increased by 27 per cent in Q3 FY24 to Rs 5,539 crore from Rs 4,351 crore in Q3 FY23
Published 30 Jan 2024 09:43 PM
NTPC Q3 results: Profit up 7% at Rs 5,208 cr, income falls to Rs 43,574 cr
State-owned power giant NTPC on Monday reported over 7 per cent rise in consolidated net profit to Rs 5,208.87 crore for the December 2023 quarter, aided by energy sales through trading. Its net profit stood at Rs 4,854.36 crore in the year-ago period, a BSE filing said. The total income fell to Rs 43,574.65 crore in the quarter from Rs 44,989.21 crore in the same period a year ago.The company's expenses rose to Rs 38,782.22 crore from Rs 37,007.51 a year ago. "Revenue from operations for the quarter and nine months ended 31 December 2023 include Rs 2,117.12 crore and Rs 7,012.90 crore, respectively (Previous quarter and nine months Rs 1,984.92 crore and Rs 6,039.14 crore, respectively) on account of sale of energy through trading," the filing said. The Board of Directors of the company has also approved a second interim dividend of 2.25 per share (face value of Rs 10 each) for the financial year 2023-24 in their meeting held on January 29, 2024. The date of payment/dispatch of the dividend shall be February 22, 2024. The Board had declared the first interim dividend of 2.25 per share (face value of Rs 10 each) for the financial year 2023-24 in their meeting held on October 28, 2023, which was paid in November 2023.The average tariff of the company was Rs 4.57 per unit during April-December this fiscal compared to Rs 4.96 per unit a year ago.The gross electricity generation of NTPC increased to 89.467 billion units (BU) during the third quarter against 78.646 BU in the year-ago period. Coal output increased to 8.09 MMT in the quarter from 5.35 MMT a year ago. Its production also increased during April-December this fiscal to 19.92 MMT from 13.75 MMT.Plant load factor or capacity utilisation of coal-based thermal power plants improved to 75.95 per cent in the quarter from 68.85 per cent a year ago.Domestic coal supply improved to 60.23 MMT in the October-December quarter over 52.45 MMT in the same period last fiscal.Gas consumption improved to 2.26 MMSCMD from 1.13 MMSCMD. Imported coal supply stood at 2.15 MMT in the quarter against 1.57 MMT a year ago.NTPC Group's installed power generation capacity stood at 73,874 MW as of December 31, 2023.
Published 30 Jan 2024 09:42 PM
NDTV posts Q3 loss as advertising woes persist
New Delhi Television Ltd (NDTV), part of the billionaire Gautam Adani-led Adani Group, reported a third-quarter loss on Tuesday, as businesses cut back on advertising spending.Companies diverted advertising spends to the cricket world cup during the quarter, hurting broadcasters that were unaffiliated with the tournament. Advertising is the biggest source of revenue for a broadcaster.NDTV's consolidated net loss stood at 95.5 million rupees ($1.2 million) in the three months to Dec. 31 against a profit of 25.9 million rupees a year earlier. Weak advertising spends have been hurting the news network, which posted its fifth straight revenue drop in the December quarter.Revenue fell 7% to 979.5 million rupees, while expenses climbed one-fourth on a nearly 35% jump in production expenses and cost of services.Another competitor Zee Entertainment, embroiled in conflicts related to its failed merger with Sony's India unit and licensing rights with Disney, will report next month.Rival TV18 Broadcast had posted a quarterly loss earlier this month.NDTV had posted a profit in the September quarter, and profit had last risen in June 2022.The Adani Group had taken control of the news network from its founders in December 2022.
Published 30 Jan 2024 09:41 PM
Sebi returns IPO papers of Gretex Share Broking
Capital markets regulator Sebi has returned the draft IPO papers of Gretex Share Broking, a move that might delay the company's initial share sale.The proposed IPO is a combination of a fresh issue of 1.67 crore equity shares and an offer-for-sale (OFS) component of 30.96 lakh shares by selling shareholders.Proceeds from the fresh issue would be used towards working capital requirements and for general corporate purposes.The company filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (Sebi) in December 2023.According to an update on Sebi's website on Tuesday, the market regulator returned the company's DRHP on January 25 without giving reasons for the same. Gretex Share Broking is engaged in the business of market making and stock broking, underwriting capital markets issuances and depository participants of NSDL.Pantomath Capital Advisors is the sole book-running lead manager to the issue.Earlier this month, the markets watchdog returned the IPO papers of Stallion India Fluorochemicals.
Published 30 Jan 2024 09:41 PM