Former Indian Prime Minister Manmohan Singh passed away on Thursday night at the age of 92. He was brought to the emergency department of AIIMS Delhi in critical condition after "sudden loss of consciousness."
President's rule was imposed in Manipur on Thursday, with the state assembly put under suspended animation following the resignation of Chief Minister N Biren Singh. The decision came after months of ethnic violence that claimed over 250 lives. Singh's resignation was attributed to his handling of the violence and allegations of instigating conflict. The imposition of President's rule was met with a sense of hope by the Kuki-Zo community, who expressed distrust of the Meitei leadership.
The market responded positively to the Q1 results of oil marketing companies (OMCs), Bharat Petroleum Corporation (BPCL) and Hindustan Petroleum Corporation (HPCL) despite numbers being weaker than consensus. BPCL's reported gross refining margin (GRM) was in line at $7.9 per barrel (bbl) in Q1FY25, which implies marketing margin stood at Rs 4.8 per litre. Standalone profit after tax or PAT at Rs 3,000 crore was down versus consensus due to under-recoveries in LPG business.
Novelis' Q3FY25 volume stood at 904,000 tonnes (down 1 per cent Y-o-Y, down 4 per cent Q-o-Q), due to lower VAP and automotive shipments. Revenue stood at $4.1 billion (+4 per cent Y-o-Y, down 5 per cent Q-o-Q).
The debate over the vacant slot at the top of the Australia batting order continues to captivate the nation's sports media a month before the opening clash in a blockbuster five-Test series against India.
'Its nature changes, new types of jobs are created.' 'We need to invest in skilling and re-skilling our people for an AI-driven future,' Prime Minister Narendra Modi said in his opening speech at the AI Action Summit in Paris, co-hosted by India.
'Our vision is to become a GenAI managed services provider.'
Maharashtra's caretaker Chief Minister Eknath Shinde, who took ill at his native village in Satara district, is recovering and will return to Mumbai on Sunday evening, an associate said.
'Unsurprisingly, Trump shared Modi's podcast with Fridman on his Truth account.' 'The intentions of Trump, a transactional president, are never easy to tell.' 'We will know in the next fortnight if and when he unfolds reciprocal tariffs on Indian goods, whether Modi's flattering words made any significant difference to Trump's compass,' notes Ambassador M K Bhadrakumar.
ICC chairperson Jay Shah has been inducted into the newly formed World Cricket Connects Advisory Board, an independent group that will discuss the future of cricket at the Lord's on June 7 and 8.
Recent documents by NITI Aayog and periodic labour force surveys on employment show that the importance of agriculture is rising in the Indian economy.
China's Defence Ministry says the militaries of China and India are making "great progress" in implementing the disengagement agreement to end over four-year-long standoff in eastern Ladakh. Spokesman Sr Col Wu Qian said Defence Minister Rajnath Singh and his Chinese counterpart Admiral Dong Jun had a positive meeting in Vientiane, Laos, last week, and the two sides are implementing the settlement reached between the two counties. The two ministers agreed to implement the important consensus reached between the top leaders and promote stable relations between the two countries, the spokesman said.
The Congress on Wednesday said the Indian National Developmental Inclusive Alliance (INDIA) constituents did not seek a division of votes in the Speaker's election as they wanted to maintain a spirit of consensus and cooperation.
The volume of new fund offerings (NFOs) in 2025 will fluctuate based on market conditions. However, innovation is expected to continue unabated. With an increasing number of fund houses aiming to establish a presence in the 'factor' investing space and changes in fund-of-fund taxation providing more opportunities, several industry-first offerings are anticipated.
Indian Hotels reported strong consolidated revenue growth of 29 per cent year-on-year (Y-o-Y) in the third quarter of the current financial year (Q3FY25), led by revenue per available room, or RevPAR, growth of 15 per cent. The average room rate, or ARR, was up 13 per cent and occupancy improved 120 basis points (bps) Y-o-Y on a standalone business. Like-for-like revenue growth was 15 per cent Y-o-Y, while TajSats (airline catering) grew by 18 per cent Y-o-Y.
The Supreme Court of India has ordered the burial of a pastor whose body has been lying in a mortuary since January 7th, after a dispute arose regarding the location of his burial. The court issued a split verdict, with one judge ruling for burial on the family's private land and the other for a designated place away from the village. The decision was made due to the prolonged delay in the burial and the potential for unrest. The court ordered the state government to provide security to prevent any further incidents.
Under his leadership, India launched the National Action Plan on Climate Change, passed the landmark Forest Rights Act to protect the rights of tribal communities and established the National Green Tribunal to safeguard the environment through swift legal action.
The government may have to move 18 amendments to the Constitution to implement the concept of simultaneous elections as recommended by a high-level committee chaired by former president Ram Nath Kovind.
Hitting out at Congress leader Vijay Wadettiwar for indulging in a blame game over the MVA's defeat in the state assembly, Raut said those who don't believe in consensus and compromise have no right to be in an alliance.
Sharif, who is also the patron-in-chief of the Pakistan Cricket Board (PCB), also told Naqvi that it was not just about money and that the sentiments of the public should also be taken into consideration.
Former all-rounder Shahid Afridi wants PCB to adopt a firm stance on cricketing ties with India.
The time is ideal for a 'Dream Budget' akin to the 1991 reforms that sparked high growth and unlocked significant gains in productivity, points out Rajeswari Sengupta.
Dr Reddy's Laboratories (DRL) share price plunged 6.66 per cent to Rs 1,203.50 per share on the NSE during Friday after analysts remained cautious on the company's Q3 performance and differed on its growth outlook. DRL's Q3 performance was viewed as subdued by some analysts when they adjusted it for one-time grants and incomes that the company received during the quarter.
BJP leader Sudhir Mungantiwar said the Mahayuti partners will meet Governor C P Radhakrishnan to stake a claim to form a government in the state.
Top leaders of the Opposition's Maha Vikas Aghadi (MVA) alliance met in Mumbai late Tuesday night with indications that the seat-sharing arrangement for the November 20 Maharashtra assembly elections has been finalised.
The US Federal Reserve's interest rate decision is the biggest event that would drive sentiments in the domestic stock market this week, besides a host of macroeconomic data from the global front and trading activity of foreign investors, analysts said. The Indian equity market had an exceptional last week, with both the Nifty and Sensex hitting their all-time high levels on Thursday.
The Department of Telecommunication and mobile service providers, including Bharti Airtel, Vodafone and Reliance Communications failed to reach a consensus on the spectrum issue during a meeting held on Wednesday. According to sources, Reliance Communications Chairman Anil Ambani raised the issue of extra spectrum being held by GSM operators. He asked how over 6.2 MHz of radio waves have been given to GSM players beyond their contractual agreement.
The Indian Army has commenced a verification patrolling at Depsang, the second friction point in eastern Ladakh, the government said on Saturday.
Shrikant Shinde on Monday said the swearing-in ceremony of the Mahayuti coalition government has been a bit delayed, and currently there are lot of discussions and rumours.
Although UltraTech Cement's results for the December quarter of the current financial year (Q3FY25) were not an improvement compared to Q3FY24, the company managed to surpass Street expectations. The company's profit attributable to the owners of the parent dropped 17.4 per cent year-on-year (Y-o-Y) to Rs 1,469.5 crore in Q3FY25 as against Rs 1,777 crore in Q3FY24.
While Defence Minister Rajnath Singh spoke about the consensus, Parliamentary Affairs Minister Pralhad Joshi said there is no need for a separate discussion in Parliament on the Pegasus issue during the budget session.
'I had to persuade him. I think he was a sceptic to begin with, but later on he was convinced that what we were doing was the right thing to do, that there was no other way out.'
The Union Cabinet on Wednesday approved the proposal for 'one nation, one Election' as recommended by the Kovind panel, Union minister Ashwini Vaishnaw said on Wednesday.
According to a top ICC source, the decision was more or less finalised during an informal meeting between the body's new president Jay Shah and the Board of Directors, including Pakistan, at its headquarters in Dubai on Thursday.
India needs to address Bangladesh's longstanding concerns to improve bilateral ties between Dhaka and New Delhi, Hossain said adding: Bangladesh's previous (ousted) government addressed the concerns of India, but India did not address Bangladesh's concerns.
Gold price outlook 2025: Gold prices that have climbed over 30 per cent so far in 2024 to Rs 7,300 per gram in the Indian markets (up 28 per cent in dollar terms till November-end), are set for their best calendar year performance in 10 years, suggests a recent report by World Gold Council (WGC). However, this stellar run, analysts believe, may not carry through till the end of 2025 in the backdrop of economic and geopolitical headwinds.
Vishvaraj Singh Mewar, the newly anointed titular head of the erstwhile Royal family of Mewar, visited the Eklingnathji temple and Udaipur City Palace to complete his father's mourning rituals. The visit to the city palace was met with a deadlock as the property is under the control of his uncle Arvind Singh Mewar, who warned of legal action on trespass. However, after a consensus was reached, Vishvaraj Singh and four others were allowed to enter the palace premises for darshan. The visit comes after violent clashes in the city following the coronation ceremony of Vishvaraj Singh in Chittorgarh fort.
Aligarh Muslim University is not a minority educational institution, Supreme Court's Justice Dipankar Datta said on Friday and noted had it not been a "race against time" he would have articulated better in his dissenting opinion. The judge also flagged a non-exchange of ideas and opinions in a "true democratic spirit" to build a consensus.
India supports dialogue and diplomacy and not war, Prime Minister Narendra Modi said at the Brazil, Russia, India, China, South Africa (BRICS) Summit in Kazan, Russia on Wednesday, in an unambiguous message calling for resolution of the Russia-Ukraine conflict through peaceful negotiations.
The Mahayuti alliance in Maharashtra, comprising the BJP, Shiv Sena, and NCP, will decide whether only the chief minister and deputy CMs will take the oath of office on December 5, or whether ministers will also be sworn in. The swearing-in ceremony is scheduled for the evening at Azad Maidan in south Mumbai, with Prime Minister Narendra Modi attending. While BJP sources have indicated that Devendra Fadnavis is the frontrunner for the chief minister's post, the BJP legislature party leader is yet to be appointed. NCP chief Ajit Pawar has stated that the chief minister will be from the BJP, with deputy CMs from the Shiv Sena and NCP. The Mahayuti alliance secured a landslide victory in the assembly elections, winning 230 seats out of 288. The government formation has been delayed due to disagreements on the chief minister's position.
