RBI penalizes PNB, four other banks for <a class=regulatory non-compliance in first week of July" />

RBI penalizes PNB, four other banks for regulatory non-compliance in first week of July

Posted on: 06 Jul, 09:41 AM

The Reserve bank of India (RBI) has penalized five banks, including Punjab National bank (PNB), for non-compliance with RBI directions. PNB became the fifth bank to be penalized, with a penalty of Rs 1.31 crore. The penalty was imposed for non-compliance with RBI directions regarding 'Loans and Advances: Statutory and Other Restrictions' and the 'Reserve bank of India (Know Your Customer (KYC) Direction, 2016'.

Economic Times | Key Points
What’s a dal chawal mutual fund? Radhika Gupta of Edelweiss Mutual Fund explains

What’s a dal chawal mutual fund? Radhika Gupta of Edelweiss Mutual Fund explains

Posted on: 06 Jul, 09:41 AM

Radhika Gupta advises investors to avoid narrow theme based funds and opt for diversified 'dal-chawal' funds like balanced advantage and aggressive hybrid mutual funds. She shares insights on sector rotation and the challenges of predicting sector outcomes. Users discuss the benefits of active vs passive investing.

Economic Times | Key Points
Inside the rise and fall of Indian Twitter rival Koo

Inside the rise and fall of Indian Twitter rival Koo

Posted on: 06 Jul, 09:41 AM

Koo, the Indian social media platform aiming to rival Twitter, has closed down due to unsuccessful acquisition negotiations. The company struggled with funding challenges and workforce reductions amidst a competitive landscape.

Economic Times | Key Points
Budget 2024: Drugmakers want Nirmala Sitharaman to prescribe tax relief tablet for the economy

Budget 2024: Drugmakers want Nirmala Sitharaman to prescribe tax relief tablet for the economy

Posted on: 06 Jul, 09:41 AM

Budget 2024: Indian pharmaceutical companies are looking for tax incentives and financial support in the upcoming Union Budget to boost research on innovative drugs. Industry experts emphasize the importance of thinking creatively and implementing policies to enhance growth in the sector.

Economic Times | Key Points
Can Zaynich do for Wockhardt what Ozempic did for Novo Nordisk?

Can Zaynich do for Wockhardt what Ozempic did for Novo Nordisk?

Posted on: 06 Jul, 09:41 AM

Wockhardt's Zaynich antibiotic surged stock by 75%. CEO Habil Khorakiwala cited its uniqueness; phase three trials end this fiscal year. Compared to Novo Nordisk's Ozempic, Zaynichs $25 billion potential counters global antibiotic resistance.

Economic Times | Key Points
Not just wristbands, life in Tamil Nadu schools is caste-coded. Punishments to T-shirts

Not just wristbands, life in Tamil Nadu schools is caste-coded. Punishments to T-shirts

Posted on: 05 Jul, 11:41 PM

Caste discrimination: On 1 July, two groups of students pelted stones at each other at govt school in what was culmination of ‘caste tension’.

ThePrint | Key Points
How Hathras stampede has destroyed families & shaken faith. 'If Baba is God, why didn't he save them?'

How Hathras stampede has destroyed families & shaken faith. 'If Baba is God, why didn't he save them?'

Posted on: 05 Jul, 11:41 PM

In Sokhna village, Vinod Kumar grieves the deaths of his mother, wife & 10-yr-old daughter. In Daunkeli, Kamlesh's body was adorned with sindoor and covered in new dupattas.

ThePrint | Key Points
'A Rs 4,000-cr scandal' — Karnataka CM Siddaramaiah, his wife & loyalists in eye of MUDA ‘scam’ storm

'A Rs 4,000-cr scandal' — Karnataka CM Siddaramaiah, his wife & loyalists in eye of MUDA ‘scam’ storm

Posted on: 05 Jul, 11:41 PM

BJP has accused the Karanataka CM, his wife & loyalists of graft in compensatory land deal with Mysuru Urban Development Authority. CM has called accusations ‘politically motivated’.

ThePrint | Key Points
Why Punjab CM Bhagwant Mann is camping in Jalandhar for an assembly bypoll

Why Punjab CM Bhagwant Mann is camping in Jalandhar for an assembly bypoll

Posted on: 05 Jul, 11:41 PM

Family in tow, Mann has moved to a rented accommodation in upscale Royal Estate in Jalandhar, where he is holding roadshows and meetings daily, while his doctor wife goes door-to-door.

ThePrint | Key Points
Inadequate police arrangements <a class=led to Hathras stampede, says Rahul after meeting bereaved families" />

Inadequate police arrangements led to Hathras stampede, says Rahul after meeting bereaved families

Posted on: 05 Jul, 11:41 PM

Leader of the Opposition Rahul Gandhi calls for more compensation for bereaved, says there was 'lapse on the part of the administration' & it should be investigated.

ThePrint | Key Points
Demand for cabinet posts behind Puducherry BJP revolt. 'Took advantage of poll loss to rake it up.'

Demand for cabinet posts behind Puducherry BJP revolt. 'Took advantage of poll loss to rake it up.'

Posted on: 05 Jul, 11:41 PM

Multiple BJP functionaries confirm that delegation in Delhi sought removal of Home Minister A Namassivayam & Rural Development Minister AK Sai J Saravanan Kumar.

ThePrint | Key Points
MP govt order letting DMs evaluate forest officers puts conservation in jeopardy — IFS Association

MP govt order letting DMs evaluate forest officers puts conservation in jeopardy — IFS Association

Posted on: 05 Jul, 11:41 PM

In letter to administration, association says order also violates SC ruling that reporting authority can be from outside of dept only for principal chief conservator of forests.

ThePrint | Key Points
Punjab <a class=Shiv Sena leader attacked with swords in Ludhiana by men dressed as Nihang Sikhs" />

Punjab Shiv Sena leader attacked with swords in Ludhiana by men dressed as Nihang Sikhs

Posted on: 05 Jul, 11:41 PM

Sandeep Thapar’s gunman was riding with him but wasn’t seen making any attempt to save him from men dressed as Nihang Sikhs.

ThePrint | Key Points
Not pressuring for any post, priority is state finances, rebuilding Amaravati — Naidu after Delhi trip

Not pressuring for any post, priority is state finances, rebuilding Amaravati — Naidu after Delhi trip

Posted on: 05 Jul, 11:41 PM

The Andhra Pradesh CM met Modi and his ministers in a 2-day visit to Delhi and stressed his priorities, among which is the development of Amaravati as state capital.

ThePrint | Key Points
BJP puts Anil Antony in charge of Christian-dominated Meghalaya & Nagaland, no changes in big states

BJP puts Anil Antony in charge of Christian-dominated Meghalaya & Nagaland, no changes in big states

Posted on: 05 Jul, 11:41 PM

Most BJP in-charges retain posts. Maharashtra, Gujarat, Rajasthan, Uttar Pradesh, Bengal & Telangana not included in list.

ThePrint | Key Points
The <a class=son of Asia’s richest man is getting married in one of India’s most anticipated — and lavish — weddings of the year" />

The son of Asia’s richest man is getting married in one of India’s most anticipated — and lavish — weddings of the year

Posted on: 05 Jul, 08:41 AM

Billionaire heir Anant Ambani is set to marry his longtime girlfriend Radhika Merchant later this month, in what has been widely described as the country’s wedding of the year.

CNN | Key Points
Crush at India religious event kills more than 120, mostly women

Crush at India religious event kills more than 120, mostly women

Posted on: 05 Jul, 08:41 AM

A crowd crush at a religious gathering in northern India killed more than a hundred people Tuesday, mostly women, in one of the deadliest such incidents the country has seen in recent years.

CNN | Key Points
‘Anyone who fell did not get up’: Survivors recall chaos and confusion at deadly crush in India

‘Anyone who fell did not get up’: Survivors recall chaos and confusion at deadly crush in India

Posted on: 05 Jul, 08:41 AM

Eyewitnesses have recounted scenes of chaos and confusion after a religious festival in northern India ended in tragedy when over 100 people were killed in a crowd crush.

CNN | Key Points
Modi to visit Moscow next week as Kremlin says ‘all <a class=issues on the agenda’" />

Modi to visit Moscow next week as Kremlin says ‘all issues on the agenda’

Posted on: 05 Jul, 08:41 AM

Indian Prime Minister Narendra Modi will visit Moscow next week for the first time since Russia invaded Ukraine, a sign of the growing relationship between the two nations.

CNN | Key Points
This country has a <a class=national happiness index. But what is it really like to live there?" />

This country has a national happiness index. But what is it really like to live there?

Posted on: 05 Jul, 08:41 AM

The Himalayan kingdom of Bhutan has only 700,000 residents and has preserved a very traditional way of life. Not everyone wants it to stay that way.

CNN | Key Points
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