LIVE updates: India, France to expand cooperation in Indian Ocean Region

Photo: Twitter/ Rajnathsingh
The Indian Army has put barbed wires as obstacles at heights under its control at the Line of Actual Control (LAC) bordering Ladakh, signalling to the Chinese that they cannot enter its territory. The People's Liberation Army (PLA) has made multiple attempts to take over Indian-held positions, sources said.

 
“This has been done to discourage them from coming close to areas we are occupying. The message is loud and clear, don't come into our area,” the official said.

 
Meanwhile, the first batch of five Rafale fighter jets were formally inducted into the Indian Air Force today in Ambala air base, at a time when India is engaged in an escalating border row with China in eastern Ladakh.

 
A galaxy of dignitaries including Defence Minister Rajnath Singh, his French counterpart Florence Parly, Chief of Defence Staff Gen Bipin Rawat, Air Chief Marshal RKS Bhadauria and Defence Secretary Ajay Kumar will attend the ceremony.
In another news, services on the Delhi Metro's Red, Violet and Green lines are set to resume today.

 
Prime Minister Narendra Modi will digitally launch the Pradhan Mantri Matsya Sampada Yojana (PMMSY) today and also inaugurate the e-Gopala App, a comprehensive breed improvement marketplace and information portal for direct use by farmers.

Stay tuned for the latest news of the day.

3:18 AM IST Reliance Industries (RIL) crossed the $200-billion mark in Thursday’s trade. Though the growth in its market capitalisation (m-cap) came with an impressive rise in direct employment in an earlier phase, this might now taper off.   The firm’s m-cap stood at Rs 15.4 trillion as of Thursday’s close, which was 94 per cent higher than the Rs 7.96 trillion m-cap reported on September 10, 2018. However, at the stand-alone level, the number of RIL employees has, in fact, been declining for the past two years. Read more

3:17 AM IST Almost every consumer-facing internet company is now pulling out all stops in acquiring capability to engage with its users and customers in vernacular languages.   This, in fact, is something this former Intel engineer had visualised more than a decade ago when he started his own entrepreneurial journey, quitting a cushy job at global chipmaker Intel in 2006. It was no surprise when Reliance decided to acquire majority stake in Reverie Language Technologies, which was co-founded by Arvind Pani. Read more

3:16 AM IST The European Union (EU) is ready to take legal action against the United Kingdom (UK) if the latter violates the letter or spirit of the Withdrawal Agreement it signed in January to begin exiting the EU. The UK has been given time until the end of this month to either abandon or suitably revise plans to introduce an Internal Market Bill in the British parliament to effectively renege on some of its obligations. Read more

9:10 PM IST The Union Bank of India will reduce the marginal cost of funds-based lending rate (MCLR) by up to 5 basis points across tenors. The reduced MCLR would come into effect on Friday. This is the 15th consecutive rate cut announced by it since July 2019, the bank said in a statement.   The MCLR, the minimum lending rate below which a bank is not permitted to lend, is an internal reference rate for banks to determine the interest they can levy on loans.

8:55 PM IST Regulator IRDAI has permitted health and general insurers to obtain consent of prospective policy holders through a duly validated One Time Password (OTP), thus dispensing with the practice of getting wet signature in view of the Covid-19 pandemic.   The regulator has also exempted the insurers from mandatorily sending hard copy of the document to policy holders. However, the policies will have to be sent through electronic mode on the registered e-mail.

8:48 PM IST Reflecting the overall stress in the economy, the employment growth rate declined to 3.5 per cent in FY20 from 3.8 per cent in the previous fiscal year, but the total number of jobs increased to 5 million from 4.83 million , says a report.   In FY20, 17 million new jobs were added, while the net addition was 1..6 million in FY19, shows a CARE Ratings report.   But in FY20, as many as 321 companies reduced their headcounts by 11.3 million compared to 272 companies doing so by 11.8 million in the previous year.   In FY20, top 10 companies added 14.1 million to their headcounts of which four each were in IT and banks and two in the NBFC space.

8:43 PM IST Defence Minister Rajnath Singh and his French counterpart Florence Parly on Thursday held extensive talks during which they vowed to step up cooperation in the Indian Ocean, a region which is witnessing rising Chinese military posturing.   PTI reported that Singh also apprised Parly on India's four-month-long border row with China in eastern Ladakh.   Official sources said the two sides reviewed the entire gamut of bilateral cooperation and exchanged views on contemporary regional and global security issues of mutual interest.   The two ministers emphasised the need to work closely keeping in view the joint strategic vision of India-France cooperation in the Indian Ocean region, the sources said.

8:35 PM IST Yes Bank has fully repaid the Rs 50,000 crore provided by RBI as a special liquidity facility (SLF) amid the crisis faced by the lender earlier this year, its Chairman Sunil Mehta said on Thursday.   He further said FY21 will be a year of transition for the bank, which has just come out of an unprecedented Rs 10,000 crore bailout led by SBI after setbacks received under the founding team.

8:26 PM IST Maratha community comprises 30 per cent of the population in Maharashtra and it cannot be compared to marginalized sections of the society, the Supreme Court has said as it stayed the implementation of 2018 state law granting reservation to them in education and jobs.   The top court said it is of the prima facie opinion that Maharashtra government did not show any extraordinary situation for providing reservations to Marathas in excess of 50 per cent cap fixed by the apex court in its 1992 verdict also known as the 'Mandal verdict'.

8:20 PM IST West Bengal: Preparations underway at the metro stations of Kolkata Metro as it gears up to resume services from September 14 for the public amid #COVID19. On September 13, the services will operate only for NEET aspirants & their parents. pic.twitter.com/a93ua2eMy0 — ANI (@ANI) September 10, 2020

8:15 PM IST Attended the RIC Foreign Ministers Meeting hosted by FM Lavrov in Moscow. Thank him for his warm hospitality. India takes on the Chair of the RIC process. pic.twitter.com/fNAFI0aaCL — Dr. S. Jaishankar (@DrSJaishankar) September 10, 2020

8:05 PM IST Tax payments from online fantasy sports platforms in the country increased 2.6 times in FY20 to about Rs 445 crore, according to a whitepaper released by non-profit IndiaTech on Thursday. It also said only 20 per cent subscribers pay to play the various games on these platforms.   Moreover, 98 per cent of the paid users have either won or lost less than Rs 10,000 net on a platform in the past three-four years.

LIVE UPDATES

New hiring at RIL starts tapering, standalone employee count declines

Reliance Industries (RIL) crossed the $200-billion mark in Thursday’s trade. Though the growth in its market capitalisation (m-cap) came with an impressive rise in direct employment in an earlier phase, this might now taper off.
 
The firm’s m-cap stood at Rs 15.4 trillion as of Thursday’s close, which was 94 per cent higher than the Rs 7.96 trillion m-cap reported on September 10, 2018. However, at the stand-alone level, the number of RIL employees has, in fact, been declining for the past two years. Read more

Reverie: Startup that helps firms connect with users in Indian languages

Almost every consumer-facing internet company is now pulling out all stops in acquiring capability to engage with its users and customers in vernacular languages.
 
This, in fact, is something this former Intel engineer had visualised more than a decade ago when he started his own entrepreneurial journey, quitting a cushy job at global chipmaker Intel in 2006. It was no surprise when Reliance decided to acquire majority stake in Reverie Language Technologies, which was co-founded by Arvind Pani. Read more

Will take legal action against UK if it violates Withdrawal Agreement: EU

The European Union (EU) is ready to take legal action against the United Kingdom (UK) if the latter violates the letter or spirit of the Withdrawal Agreement it signed in January to begin exiting the EU. The UK has been given time until the end of this month to either abandon or suitably revise plans to introduce an Internal Market Bill in the British parliament to effectively renege on some of its obligations. Read more

Union Bank of India to reduce MCLR by up to 5 bps across tenors

The Union Bank of India will reduce the marginal cost of funds-based lending rate (MCLR) by up to 5 basis points across tenors. The reduced MCLR would come into effect on Friday. This is the 15th consecutive rate cut announced by it since July 2019, the bank said in a statement.
 
The MCLR, the minimum lending rate below which a bank is not permitted to lend, is an internal reference rate for banks to determine the interest they can levy on loans.

IRDAI allows insurers to obtain policy holders' consent through OTP

Regulator IRDAI has permitted health and general insurers to obtain consent of prospective policy holders through a duly validated One Time Password (OTP), thus dispensing with the practice of getting wet signature in view of the Covid-19 pandemic.
 
The regulator has also exempted the insurers from mandatorily sending hard copy of the document to policy holders. However, the policies will have to be sent through electronic mode on the registered e-mail.

Overall jobs growth rate slips to 3.5% in FY20: Report

Reflecting the overall stress in the economy, the employment growth rate declined to 3.5 per cent in FY20 from 3.8 per cent in the previous fiscal year, but the total number of jobs increased to 5 million from 4.83 million , says a report.
 
In FY20, 17 million new jobs were added, while the net addition was 1..6 million in FY19, shows a CARE Ratings report.
 
But in FY20, as many as 321 companies reduced their headcounts by 11.3 million compared to 272 companies doing so by 11.8 million in the previous year.
 
In FY20, top 10 companies added 14.1 million to their headcounts of which four each were in IT and banks and two in the NBFC space.

India, France decide to expand cooperation in Indian Ocean Region

Defence Minister Rajnath Singh and his French counterpart Florence Parly on Thursday held extensive talks during which they vowed to step up cooperation in the Indian Ocean, a region which is witnessing rising Chinese military posturing.
 
PTI reported that Singh also apprised Parly on India's four-month-long border row with China in eastern Ladakh.
 
Official sources said the two sides reviewed the entire gamut of bilateral cooperation and exchanged views on contemporary regional and global security issues of mutual interest.
 
The two ministers emphasised the need to work closely keeping in view the joint strategic vision of India-France cooperation in the Indian Ocean region, the sources said.

Yes Bank repays entire Rs 50,000 cr SLF dues to RBI

Yes Bank has fully repaid the Rs 50,000 crore provided by RBI as a special liquidity facility (SLF) amid the crisis faced by the lender earlier this year, its Chairman Sunil Mehta said on Thursday.
 
He further said FY21 will be a year of transition for the bank, which has just come out of an unprecedented Rs 10,000 crore bailout led by SBI after setbacks received under the founding team.

30% of Maharashtra population are Marathas, can't be compared to marginalized sections: SC

Maratha community comprises 30 per cent of the population in Maharashtra and it cannot be compared to marginalized sections of the society, the Supreme Court has said as it stayed the implementation of 2018 state law granting reservation to them in education and jobs.
 
The top court said it is of the prima facie opinion that Maharashtra government did not show any extraordinary situation for providing reservations to Marathas in excess of 50 per cent cap fixed by the apex court in its 1992 verdict also known as the 'Mandal verdict'.

Preparations underway at Kolkata Metro stations ahead of reopening

India takes on Chair of RIC process, says S Jaishankar

Online fantasy sports' tax payout increased 2.6 times in FY20: IndiaTech

Tax payments from online fantasy sports platforms in the country increased 2.6 times in FY20 to about Rs 445 crore, according to a whitepaper released by non-profit IndiaTech on Thursday. It also said only 20 per cent subscribers pay to play the various games on these platforms.
 
Moreover, 98 per cent of the paid users have either won or lost less than Rs 10,000 net on a platform in the past three-four years.

Watch: Partitioning in Parliament ahead of Monsoon Session

States may cut FY21 capex by Rs 3 trillion due to GST shortfall: Icra

States may have to significantly cut their expenditure by as much as Rs 3.4 lakh crore in the current fiscal if they are not paid full compensation relating to Goods and Services Tax (GST), investment information agency ICRA has said.
 
"The fiscal deficit of states may rise up to 4.25 to 5.52 per cent of gross state domestic product in FY21, curtailing their capital spending by Rs 1 lakh crore to 3.4 lakh crore, considering shortfalls in GST and central tax devolution (CTD)," it said in an update on state government finances.

Actor Paresh Rawal appointed chief of National School of Drama

Veteran actor and former BJP MP Paresh Rawal was Thursday appointed chairperson of the National School of Drama (NSD), India's premier theatre institute that has trained actors such as Naseeruddin Shah, Om Puri and Irrfan Khan.
 
The post had been vacant since 2017.

Indian Army occupies heights overlooking Chinese side along Pangong Tso

Indian Army has occupied heights overlooking the Chinese Army positions at Finger 4 along the Pangong Tso lake. These operations were carried out along with the preemptive actions to occupy heights near the Southern bank of Pangong Tso lake around August end, reported news agency ANI.

According to the sources, India and China armies today held interactions at Brigade Commander-level and Commanding Officer level in Eastern Ladakh. Interactions are aimed at keeping the communication lines open between the two sides.

Zomato plans to file for IPO in first half of 2021

Online restaurant guide and food ordering platform Zomato plans to go for an initial public offering (IPO) in the first half of 2021, its founder and CEO Deepinder Goyal told employees on Thursday.
 
In an e-mail to them, accessed by PTI, Goyal said: "Our finance/legal teams are working hard to take us to IPO sometime in the first half of next year."
 
"The value of our business is going up dramatically, all thanks to the hard work and commitment of our team. We hope to create a lot of value for our current employees who have ESOPs sometime in the next year," he added.
 
The IPO is around the corner and waiting a little longer will result in significantly more value creation for all, he added.

Jaishankar to meet China counterpart in Moscow amid border row

External Affairs Minister S Jaishankar will meet China counterpart shortly in Moscow on the sidelines of SCO, NDTV reported. The comes amid weeks long border row between the two countries.

PM to inaugurate 175,000 houses for poor in Madhya Pradesh on Sept 12

Prime Minister Narendra Modi will inaugurate 175,000 houses built under the Pradhan Mantri Awaas Yojana - Gramin (PMAY-G) in Madhya Pradesh on Saturday, his office said on Thursday.
 
The Prime Minister's Office said all these houses have been built or completed during the challenging Covid-19 period. He will also participate in "Grih Pravesham", a ceremony considered auspicious for a family's entry into its new house, the statement said. The event will be done through video conference, and state's Chief Minister Shivraj Singh Chouhan will also attend the ceremony.

PM Modi holds telephonic talks with Shinzo Abe; appreciates role in boosting Indo-Japan ties

Prime Minister Narendra Modi on Thursday held a telephonic conversation with his outgoing Japanese counterpart Shinzo Abe and conveyed his gratitude for playing a key role in greatly strengthening ties between India and Japan. In the talks, Modi apprised Abe his intention to work closely with the new government of Japan and wished him the very best for the future, the Ministry of External Affairs said.
 
It said the two leaders expressed confidence that the strong momentum attained in partnership between the two countries in the last few years will continue unabated in the future. Last month, Abe decided to resign citing health issues.

Times Internet targets to be $1 bn revenue company by 2025

Digital content and services firm Times Internet Limited, which owns platforms like Gaana, MX Player, Dineout, on Thursday said it aims to become a $1 billion revenue company by 2025.
 
The company said its revenue grew 24 per cent to Rs 1,625 crore in financial year 2020.
 
"Our aspiration is to reach 1 billion Indians, and become a $1 billion (about Rs 7,300 crore) revenue company by 2025, and we've built the foundation to help us get there," Times Internet Vice Chairman Satyan Gajwani said in a blog post.

Govt's skill agenda is to create workforce to match global demands: PM Modi

Prime Minister Narendra Modi said the government's skill agenda is to create a workforce that matches the global demands and several efforts have been undertaken to enable a strong skill development ecosystem.
 
He also observed that the whole nation has come together under the 'Atmanirbhar Bharat' mission and it is the need of the hour for every Indian to be self-reliant in these changing times, an official statement said.

Alert along LoC after ISI uses drones to drop weapons for terrorists

A quadcopter used by Pakistani spy agency ISI in Jammu and Kashmir has necessitated alert along the Line of Control (LoC) in the valley as the Army believes it could be used for dropping weapons for terrorists.
 
Talking to PTI, General-Officer-in-Command of strategically located XV corps in Kashmir Lt Gen B S Raju said after an incident "across Peer Panjal", a reference to Jammu region in army parlance, "we have alerted all formations to keep a check on any flying object seen along the LoC". Read more

Watch: Beirut port engulfed in black smoke

Kolkata Metro to resume operations on 14th Sept from 8 am.

Total 110 trains will run at an interval of 10 minutes.
Only Smart card passengers allowed to travel.
Metro will operate on 13th September only for NEET aspirants and  their parents.

India's fuel demand dips most since April

India's fuel demand in August posted its biggest decline since April as local lockdowns put brakes on economic activity and transportation, official data showed on Thursday.
 
Petroleum product sales fell to 14.39 million tonnes in August, down 7.5 per cent over the previous month and about 16 per cent from a year earlier, data from the oil ministry's Petroleum Planning and Analysis Cell (PPAC) showed.
 
The decline in August was the sixth consecutive year-on-year slide.

Puri to review ongoing development work at Darbhanga, Deoghar airports

Civil Aviation Minister Hardeep Singh Puri will visit the airports at Darbhanga and Deoghar on Saturday to review the ongoing development work, according to an official statement.
 
"AAI is developing these airports. With the operationalisation of these airports, air connectivity of the region will be improved," the statement by the Civil Aviation Ministry said on Thursday.
 
The AAI is developing the civil enclave at Darbhanga airport in Bihar for commencement of passenger flight operations with Delhi, Mumbai and Bengaluru under regional connectivity scheme 'Udan', the ministry noted.

Hiring activities increase 12% m-o-m in August: Naukri JobSpeak Index

Hiring activities are steadily increasing in sync with the gradual unlock measures taken by the Centre and state governments, with a 12 per cent improvement in job postings at 1,413 in August as compared to the previous month, according to Naukri JobSpeak Index.

The month-on-month (m-o-m) improvement in job postings indicates that hiring activities are in sync with unlock measures that are aimed at reviving the economic activities.


UP CM meets Puri on developing facilities for Ayodhya, Chitrakoot, Sonbhadra airports

Uttar Pradesh Chief Minister Yogi Adityanath on Thursday met Union Civil Aviation Minister Hardeep Singh Puri in connection with development works and infrastructure facilities for Ayodhya, Chitrakoot and Sonbhadra (Myorpur) airports.

In the last three-and-a-half years, development works are being done in 17 airports in Uttar Pradesh. Earlier, only two airports were operational here, but currently seven airports are functioning, Adityanath said while addressing the meeting via video conferencing.

Nabard to disburse Rs 1.20 trillion crop loan this fiscal

In a bid to support agri sector amid Covid-19 crisis, National Bank for Agriculture and Rural Development on Thursday said it aims to disburse Rs 1.20 lakh crore crop loan to farmers for meeting production expenses this fiscal.
 
Apex agriculture financial institution Nabard annually disbursed Rs 90,000 crore crop loan at a concessional rate.
 
"It has been enhanced to Rs 1.20 trillion this fiscal. Of this, Rs 40,000 crore has already been disbursed," National Bank for Agriculture and Rural Development (Nabard) Chairman G R Chintala said.

Coal India plans to restore production from discontinued mines, identifies 12 blocks

State-owned Coal India Ltd (CIL) on Thursday said it plans to restore production from its discontinued underground mines and has identified 12 such blocks with provisional mineable reserves of around 1,060 million tonnes.
 
The move is seen as part of efforts by the PSU coal major to meet its overall production target of one billion tonnes in the next four years.
 
"Plans are on the anvil by Coal India to retrieve production from its discontinued underground mines. The company has so far identified 12 such mines," the PSU said in a statement.

 

NSA Ajit Doval, French Defence Minister Florence Parly meet at Hyderabad House

Huge fire breaks out at Beirut port a month after explosion

A huge fire broke out Thursday at the Port of Beirut, triggering panic among residents a month after the massive explosion.
 
It was not immediately clear what caused the fire at the facility, which was decimated by the August 4 explosion when nearly 3,000 tons of ammonium nitrates detonated.
 
A column of black smoke billowed from the port with orange flames leaping from the ground.

Crisil projects 9% GDP contraction in FY21; says govt not providing adequate direct fiscal support

The Indian economy will contract by 9 per cent in 2020-21 as the coronavirus infections are yet to peak and the government is not providing adequate direct fiscal support, ratings agency Crisil said on Thursday.

In May, Crisil had estimated the economy to contract by 5 per cent. The latest projection comes days after official data for the June quarter showed a contraction of 23.9 per cent in the economy.

Crisil said the 9 per cent contraction will be the highest since the 1950s.

Lok Sabha will go 100% digital eventually, attendance to be recorded via mobile app: Om Birla

Gold rises by Rs 287 to Rs 52,391, silver jumps Rs 875

Gold prices rose by Rs 287 to Rs 52,391 per 10 gram in the national capital on Thursday, according to HDFC Securities. In the previous trade, the precious metal had closed at Rs 52,104 per 10 gram.
 
Silver prices also gained Rs 875 to Rs 69,950 per kilogram from its previous close of Rs 69,075 per kilogram.

Govt approves Rs 971-cr Munger-Bhagalpur NH project in Bihar

The government on Thursday said it has approved a Rs 971 crore highway project in Bihar. "The Ministry of Road Transport and Highways (MoRTH) has approved a proposal to construct 120 km Munger-Bhagalpur-Tirpety-Kahalgaon concrete road on national highway 80 in Bihar," MoRTH said in a statement.
 
Munger-Bhagalpur highway project will be a 2-lane road, which will also be 4-lane wide at certain stretches, MoRTH added.

Saregama inks music licensing deal with ShareChat, Moj

Music label Saregama on Thursday said it has signed a global licensing deal with homegrown social media platform ShareChat to license its music catalogue.
 
As part of the deal, Saregama will license its catalogue to ShareChat and Moj, allowing over 180 million active users of the two platforms to create their own short video content using the Saregama library, a statement said.
 
The robust music library offers thousands of songs in diverse Indian languages like Hindi, Bengali, Tamil, Marathi, Telugu, Malayalam, Kannada, Punjabi, Gujarati, and Bhojpuri among others, it added.

Pakistan Army shells forward areas in J&K's Poonch

The Pakistan Army opened fire and shelled forward areas along the LoC in three sectors of Jammu and Kashmir's Poonch district on Thursday, officials said. The Indian Army retaliated befittingly, a defence spokesman said.
 
"At about 0530, 1145 and 1215 hours today, Pakistan Army initiated unprovoked ceasefire violation by firing with small arms and intense shelling with mortars along LoC in Mankote, Degwar and Mendhar sectors", the spokesman said.

Rupee settles 9 paise higher at 73.46 against US dollar

The rupee strengthened by 9 paise and settled at 73.46 (provisional) against the US dollar on Thursday supported by weak American currency and positive domestic equities.
 
At the interbank forex market, the domestic unit opened at 73.42 against the US dollar, and finally closed at 73.46 against the American currency, registering a rise of 9 paise over its previous close.
 
During the session, the domestic unit witnessed an intra-day high of 73.16 and a low of 73.50 against the greenback. esday, the rupee had settled at 73.55 against the US dollar.

Insurance industry seeks central repository for data sharing

The Covid-19 pandemic has impacted sharing of data in the insurance ecosystem and there is a need to have a central repository, say industry players. One of the important fallouts of the pandemic is the ability to share the data. If you have to say one thing that we definitely need is a centralised repository. We need a lot more data sharing, IndiaFirst Life Insurance managing director and CEO R M Vishakha said during a virtual panel discussion organised by ETBFSI.com.
 
At present, there is no centralised know your customer (KYC) system in the country; and between insurance companies if somebody wants to take a second policy, a fresh KYC has to be done, she said.

Jaishankar meets Uzbek, Kazakh counterparts; agrees to coordinate closely on regional concerns

External Affairs Minister S Jaishankar on Thursday held separate meetings with his Uzbek and Kazakh counterparts and agreed to cooperate with the key Central Asian countries on regional concerns and security.
 
Jaishankar is here on a four-day visit to Russia to attend a meeting of the foreign ministers of the Shanghai Cooperation Organisation (SCO). He held a cordial meeting with his Uzbek counterpart Abdulaziz Kamilov in the morning.
 
"Began the day with a cordial meeting with Uzbek FM @a_h_kamilov," Jaishankar tweeted.

e-Gopala app will free farmers from middlemen: PM Modi

Prime Minister Narendra Modi on Thursday, at the launch of the e-Gopala app for livestock owners in Bihar, said that the app will give farmers the freedom from middlemen and provide all information related to productivity, health and diet for the cattle.
 
"Along with the good breed of animals, the correct scientific information about their care is equally important. For this, technology has been continuously used for the past years. In this direction, the 'e-Gopala' app has been started today," he said.
 
"The e-Gopala app will be a digital medium that helps livestock owners. It will be easy to choose advanced livestock. They will get freedom from middlemen. This app will give all information related to productivity, health and diet for the cattle," he added.
 

RJD VP, ex-Union minister Raghuvansh Prasad Singh quits party

In a setback to Bihar's main opposition RJD ahead of the state assembly polls, its national vice president and former Union Minister Raghuvansh Prasad Singh resigned from the party on Thursday, sources close to him said.
 
In a letter to jailed RJD supremo Lalu Prasad, the veteran leader wrote he was quitting the party.
 
"Since the death of Jannayak Karpoori Thakur, I stood behind you for 32 years, but not now," he wrote in his brief one-line resignation letter to Prasad, who is serving sentences in four fodder scam cases in Ranchi. In the footnote, he added," I got the affection of party leaders and workers, besides common people. Please forgive me."
 

Over 453,000 people returned to Himachal Pradesh during lockdown: Minister

Over 453,000 people returned to Himachal Pradesh during the coronavirus lockdown, a state minister informed the assembly Thursday. In a written reply to questions raised by Kishori Lal (Anni) and Vinod Kumar (Nachan), the jal shakti minister said as many as 4,53,707 people returned to Himachal Pradesh between April 25 and September 7 after getting Covid e-passes.
 
The state government brought back 14,428 people to Himachal Pradesh in special trains and buses at its own expense. One person was brought home by air, the reply stated.

Jaishankar attends SCO Foreign Ministers' meet in Moscow


Farmers block national highway in Haryana against farm ordinances

The Bhartiya Kisan Union and other farmer organisations on Thursday blocked the national highway at Pipli in Kurukshetra district of Haryana to protest the Centre's three farm ordinances, which they claimed were anti-farmers.
 
The Bhartiya Kisan Union (BKU) claimed that the police resorted to lathicharge to disperse the agitators.
 
Kurukshetra Superintendent of Police Astha Modi said agitators blocked the national highway.
 
Hundreds of farmers managed to reach Pipli Chowk and pelted stones on the police personnel manning the barriers, a police officer said.

Standard Chartered restructures business units, leadership

 
Standard Chartered on Thursday announced a string of changes to its organisational structure, forming one large unit that will combine its retail, private and business banking divisions and putting its two Asian units together.
 
Judy Hsu, currently in charge of the bank's southeast and south Asia unit, will take control of a new consumer, private and business banking unit.
 
Ben Hung, currently regional CEO of Greater China and North Asia, will lead Standard Chartered's new Asia-wide unit.

Huawei to will launch Harmony OS on smartphones next year

Huawei Technologies plans to introduce its Harmony operating system, seen as the company's best bet, to replace Google's Android mobile operating system, on to smartphones next year, the head of its consumer business group said on Thursday.
 
Richard Yu made the comments at the company's annual developers conference in the southern Chinese city of Dongguan. He also said the company plans to open to developers a beta version of the system for smartphones in December

Rafale induction sends big, bold message to those eyeing our sovereignty: Rajnath Singh

Congratulating the Armed Forces and the countrymen on the formal induction of Rafale in the Indian Air Force (IAF), Defence Minister Rajnath Singh on Thursday said that it sends a "big and bold message" to those who are "eyeing our sovereignty".
 
"It's induction today is a big and bold message to the whole world, especially to those who are eyeing our sovereignty. This induction is especially important because of the existing situation at our borders, which if I put in simple words has been created in the last few days. We fully understand that with the changing times we will also have to keep preparing ourselves," the Defence Minister said.

SBI raises Rs 4,000 cr via AT1 bonds at a coupon of 7.74%

SBI has sold Rs 4,000 crore of the Basel compliant additional tier one (AT1) bonds at a coupon of 7.74 per cent. This is the lowest pricing ever offered on such debt issued by any bank since the country started implementing the stringent Basel II capital rules in 2013, said the country's largest lender in regulatory filings at stock exchanges on Thursday.
 
As the aggregate bids were in excess of Rs 6,000 crore, the bank exercised the full green shoe option of Rs 3,000 crore over and above the base issue size of Rs 1,000 crore.
 
While SBI has AAA credit rating from local credit agencies, its AT1 offering is rated AA-plus which is the highest rating in the country for these instruments in view of the hybrid and high-risk nature of these instruments.

SC adjourns hearing on loan moratorium as RBI seeks time to file affidavit

The Supreme Court adjourned the hearing till September 28 on the two petitions seeking an extension of the moratorium period on repayment of loans and to waive off the interest on the interest on loan amount in view of Covid-19 pandemic.
 
The apex court ordered that all decisions taken by the RBI, the Government of India or the banks be placed before it for consideration. RBI sought time to file the affidavit.

CBSE won't be able to help students taking class XII compartment exams: SC

The Supreme Court Thursday said the CBSE would not be able to help much the students taking compartment exams for class XII this month as it would be the colleges and universities which will take their admissions for higher studies.
 
The apex court said this while hearing a plea which has challenged the decision of the Central Board of Secondary Education (CBSE) to hold compartment exams on the ground that it would be detrimental to the health of the examinees
 
It is the colleges, universities and deemed universities which will be taking admissions of those students and the CBSE will not be able to help much the students taking compartment exams, a bench headed by Justice A M Khanwilkar told senior advocate Vivek Tankha, who was representing the petitioners.

GST Council to meet today on compensation

The GST Council will meet on Thursday to take a call on meeting the shortfall in GST compensation to states. With the expiry of the one-week deadline on Tuesday, the stand of only 17 of the 31 states is publicly known.

Amazon could buy $20-bn stake in Reliance Retail: Report

The report comes a day after RIL announced that US private equity firm Silver Lake Partners would buy a 1.75 per cent stake in Reliance Retail for Rs 7,500 crore

Defence Minister Rajnath Singh presents a memento to French Armed Forces Minister Florence Parley


Rafale induction ceremony LIVE | Florence Parly, French Minister of the Armed Forces: Trust me, I know the Rafale is a powerful military aircraft

Rafale induction ceremony LIVE | Florence Parly, French Minister of the Armed Forces: Trust me, I know the Rafale is a powerful military aircraft as France uses it to protect its people.

Rafale induction is a big & stern message for the entire world, says Rajnath Singh

Rafale induction is a big & stern message for the entire world, especially to those eyeing our sovereignty. This induction is important considering the kind of atmosphere at our borders or should I say the kind of atmosphere created at our borders: Defense Minister Rajnath Singh
 

Rafale induction ceremony LIVE | Air Chief Marshal RKS Bhadauria says, this induction could not have happened at a more opportune time

Rafale induction ceremony LIVE | Air Chief Marshal RKS Bhadauria: This is a new chapter for IAF. This induction could not have happened at a more opportune time considering the security situation today..

Traditional ‘sarva dharma puja’, aerial display by Rafale fleet mark its induction into IAF

Indigenous light combat aircraft Tejas performs during Rafale induction ceremony, at Ambala airbase

Ambala: Defence Minister Rajnath Singh and Minister of the Armed Forces of France Florence Parly witness air display of Rafale fighter aircraft


'Sarva Dharma Puja' conducted at the Rafale induction ceremony, at IAF airbase in Ambala


Live from Ambala: Rafale induction ceremony at IAF airbase

Mumbai's BMC issued a show-cause notice to fashion designer Manish Malhotra on September 7, for allegedly making "unauthorised alterations" at his office building

Mumbai's BMC issued a show-cause notice to fashion designer Manish Malhotra on September 7, for allegedly making "unauthorised alterations" at his office building. BMC has sought a reply from him within seven days

SFI urges Bengal to withdraw Sep 12 lockdown for NEET candidates' benefit

The SFI, the students' wing of the CPI(M), has urged the West Bengal government to withdraw the state-wide lockdown on September 12 for the benefit of the NEET candidates who will sit for the examination on the next day.
 
The West Bengal government has declared lockdown in the state on September 7, 11 and 12.

Rajnath Singh meets Florence Parly, Minister of Armed Forces of France, at Palam Air Force Station before leaving for Ambala


Delhi: People queue up to board metro trains at Kashmere Gate metro station

Delhi coronavirus: Red Line (Rithala-Shaheed Sthal) of the Delhi Metro is operational now

MoS MEA attends EAS FMs meet; regional and global issues discussed: MEA

Minister of State for External Affairs V Muraleedharan on Wednesday attended the 10th East Asia Summit Foreign Ministers' Meeting during which views were exchanged on the current regional and international developments, including the COVID-19 pandemic.
 
The meeting, held via video conference, was attended by foreign ministers of the EAS participating countries and chaired by Deputy Prime Minister and Foreign Minister of Vietnam Pham Bin Minh, the Ministry of External Affairs said in a statement. Read on...

Florence Parly, Minister of Armed Forces of France arrives at Delhi's Palam airport

Rafale fighter aircraft at the Indian Air Force station in Ambala, today morning

Defence Minister Rajnath Singh will formally induct the five Rafale fighter aircraft into the Indian Air Force, today.

Rafale induction: Five new birds fly into Golden Arrows' quiver

With much of the Indian Air Force (IAF) deployed for possible combat against the People’s Liberation Army (PLA) following its intrusions into Ladakh, the IAF will today see the addition of a significant new arrow in its quiver.
 
Four years after the IAF signed a contract with French company, Dassault Aviation, for 36 Rafale fighters, the IAF will formally induct the first five Rafale’s into service. These aircraft, along with the next 13 that will arrive in batches over the next eight months, will join the IAF’s 17 Squadron, also called the Golden Arrows, stationed in Ambala. Read on...

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