India condemns attack on UN peacekeepers in Lebanon; seeks accountability
Sergeant Milovan Jovanovic, a Serbian peacekeeper serving with the UNIFIL, was killed when a mortar struck a UN position near Marji'yun on June 3
๐ฎ๐ณ ์ธ๋ ยท "BAN" ยท ์ด 745๊ฑด
ํํฐ ๋ณด๊ธฐํ์ฌ ์ง์
50.0
0 = ๋ถ์ ์ฐ์ธ
50 = ์ค๋ฆฝ
100 = ๊ธ์ ์ฐ์ธ
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Sergeant Milovan Jovanovic, a Serbian peacekeeper serving with the UNIFIL, was killed when a mortar struck a UN position near Marji'yun on June 3
The rupee appreciated 50 paise to 95.24 against the US dollar on Friday after the RBI liberalised norms for FPI investment in government securities. Forex traders said the announcements in the RBI policy boosted investor sentiments after the apex bank asserted that the country's forex reserves provide sufficient buffer against external shocks. At the interbank foreign exchange market, the rupee opened at 95.72, then touched 95.24 in intraday trade, registering a rise of 50 paise from its previous close. On Thursday, the rupee rose 2 paise to settle at 95.74 against the US dollar. The Reserve Bank on Friday expectedly kept interest rates unchanged for the second time in a row as it weighed the impact of rising energy prices and supply disruptions caused by the West Asia crisis. Announcing the second bi-monthly monetary policy for the current fiscal, RBI Governor Sanjay Malhotra said the Monetary Policy Committee (MPC) has unanimously decided to retain short-term lending rate or repo rate at 5.25 per cent with a neutral stance. Moreover, the RBI raised limit for investments by Non-Resident Indians, Overseas Citizens of India in equity instruments. Malhotra also said that the central bank's policy on exchange rate remains unchanged and it does not target any specific rate/band for the rupee. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading at 99.40, higher by 0.01 per cent. Brent crude, the global oil benchmark, was trading up 0.36 per cent at USD 95.37 per barrel in futures trade. On the domestic equity market front, Sensex fell 142.06 points or 0.19 per cent to 74,217.95, while the Nifty was down 38.75 points or 0.17 per cent at 23,377.80. Foreign institutional investors offloaded equities worth Rs 4,447.06 crore on a net basis on Thursday, according to exchange data. Meanwhile, RBI has lowered GDP growth projection to 6.6 per cent from 6.9 per cent earlier for the current fiscal and raised CPI inflation projection to 5.1 per cent for FY27, higher from earlier estimate of 4.6 per cent. PTI
After allegedly seeing her husband hang their son upside down, Neelam attacked him with a stick, fearing for the child's safety.
These drains engineered typically to handle excess rainwater by directing it away from urban areas to prevent flooding, have been compromised, as they also transport untreated or partially treated wastewater, impacting communities and the cityโs coastline, reports Paul Nicodemus
The split became official on Wednesday when 58 rebel MLAs took over the legislature wing and elected Ritabrata Banerjee as their leader.
Rebel TMC MLAs back Ritabrata Banerjee but insist Mamata Banerjee remain supreme leader, reject plan to make her only chief adviser.
Trinamool Congress faces internal turmoil following a party split, with Lok Sabha MPs reportedly receiving overtures to abandon the Mamata Banerjee-Abhishek Banerjee leadership. Meanwhile, a faction of 58 MLAs has shown signs of wavering, with some demanding Mamata remain party chairperson. The Speaker's ruling invalidating expulsions further complicates the situation.
Reserve Bank Governor Sanjay Malhotra on Friday announced the Monetary Policy Committee's (MPC) decision, with repo rate remaining unchanged at 5.25%. The status quo reflects the RBI's cautious approach amid uncertainties arising from the ongoing West Asia conflict, which has heightened concerns over inflation and economic growth. At its previous policy review in April, the RBI had kept rates unchanged, choosing to closely monitor the evolving geopolitical situation and its potential impact on energy prices, inflation and economic activity.All six members of the rate panel, which includes three central bank officials and three external appointees, voted to hold rates. The MPC decided to continue with its "neutral" stance."The central bank's rate panel noted that the global environment has deteriorated," RBI Governor Sanjay Malhotra said. Also Read- RBI MPC 2026 LiveKey Policy Rates Unchanged Repo rate: 5.25% Standing Deposit Facility (SDF): 5.00% Marginal Standing Facility (MSF) & Bank Rate: 5.50% Stance: NeutralInflation updateThe governor said that the CPI inflation remains below the target despite the global shock, as the pass-through to domestic prices has been limited, while the baseline projections point towards headline inflation firming up towards the upper tolerance level in Q3 this year.
Indian stock market traded in the green on Friday, with Sensex and Nifty extending gains for the second consecutive session as investors await the outcome of RBIโs Monetary Policy Committeeโs (MPC) meeting today.Sensex gained 270 points at 74,629.94, while Nifty 50 rose over 62 points at 23,478.95. This came as India VIX, which measures volatility in markets, fell over 2% to 15.89.Infosys, UltraTech Cement, TCS, Tech Mahindra, M&M and Maruti Suzuki shares gained over 1% each to lead gains on Sensex. Tata Steel shares meanwhile fell over 1% to lead losses on the benchmark index.Broader markets also traded in the green, with Nifty Smallcap 100 and Nifty Midcap 100 indices gaining over 0.3% each. All sectoral indices opened in the green, with Nifty Consumer Durables, Nifty IT and Nifty Media rising nearly 1% each. Around 1,824 stocks advanced on NSE, while 523 declined and 101 remained unchanged.Whatโs moving the stock market upward today?"There are some mild positive indications for the market today. There are signs of weakness in the AI trade in the US, South Korea and Taiwan and rotation away from tech stocks, but it is too early to say whether this will sustain,โ said VK Vijayakumar, Chief Investment Strategist at Geojit Investments.The focus of the market today will be on the monetary policy and the message from the RBI Governor, the analyst said. โThe MPC is likely to hold rates with a guidance of a rate hike later in the year to combat inflation which is expected to rise in H2 FY27. RBI is likely to revise the GDP growth for FY 27 downward and CPI inflation upward in the context of the energy shock and its implications,โ he added.According to Vijayakumar, the most likely policy action is a โhawkish holdโ, that is, the RBI would hold the rates without any change but would send a hawkish message that inflation is set to rise and, therefore, expect rate hike later this year. If the RBI decides to act now with a 25 bps rate hike, that will move the banking stocks sharply upwards since they would benefit from rate hikes, he further said. However, a rate hike would be negative for interest elastic segments like automobiles and real estate, the analyst added.Rupee risesRupee meanwhile gained 8 paise to 95.66 against US dollar in early trade. โWith India's import bill under pressure from elevated commodity prices and continued FII outflows, participants will closely monitor the Governorโs commentary for cues on inflation, currency stability, and future policy direction,โ said Jateen Trivedi, VP Research Analyst of Commodity and Currency at LKP Securities.The analyst expects the near-term range for rupee to be 95.25โ96.25.FII selling continuesForeign investors continued to remain bearish on Indian markets. FIIs net sold Indian shares worth Rs 4,447 crore on Thursday, according to data on NSE.Notably, FIIs have remained net sellers of Indian equities for five consecutive sessions. (With inputs from agencies)(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
Neelam Kushwaha beat her husband to death with a stick.
Rapid industrialization, unplanned urbanization, and severe climate impacts have thrust several Indian cities into severe ecological crises.
The concerns emerged following a meeting of the rebel legislature bloc led by Ritabrata Banerjee, who was recently recognised as the Leader of Opposition.
Rebel turns rescuer? Expelled TMC leader offers his seat to Mamata Banerjee
KMC is yet to accept Firhad Hakimโs resignation even though party supremo Mamata Banerjee gave her nod to the move
Varsha Gohil, now 61 and based in London, first filed for divorce from her husband, lawyer Bhadresh Gohil, in May 2002.
Supreme Court proposes regulations on AI in courts, banning AI for decision-making, requiring disclosure of AI assistance by lawyers.
Mumbai: It is India's fourth biggest company by revenue, but the managing director of precious metals trader Rajesh Exports (REL) apparently doesn't know how and from where it gets the biggest chunk of the revenue, show the findings of a regulatory investigation.In its investigation report, the Securities and Exchange Board of India observed allegedly unscrupulous activities by REL's promoters, such as accounting irregularities and siphoning off of company funds into personal accounts, and also pointed out lapses by its auditors. The regulator said the company and its auditors were non-cooperative."The acts of REL constitute a deliberate device, scheme and artifice to mislead and defraud investors dealing in the shares of REL by portraying an inflated and misleading picture of its operational scale, revenue and financial health," Sebi observed in its report.The company, eponymously named after its chairman Rajesh Mehta, is accused of committing an elaborate financial fraud that includes dressing-up of revenues of โน15.15 lakh crore over the years, personal gold trades covered up as corporate sales and phoney gold mine investments of โน1,035 crore, according to the interim report.REL denied the charges of misdeeds. In a press release Thursday, the company said the revenues stated in its financials were correct and that the confusion arose because of a mix-up between Ebitda and revenue numbers at Swiss refiner Valcambi SA, an indirect subsidiary.Sebi has not made any adverse observation with regard to earnings, the company said, claiming that the regulator has only observed suspicion with regard to revenues which was primarily because of confusion over the Valcambi numbers.Numbers don't add upIn fiscal 2025, REL reported consolidated revenue of โน4.23 lakh crore against a profit after tax of just โน95 crore, translating into a net margin of barely 0.02%. The year before, on โน2.8 lakh crore revenue, profit was โน336 crore.Experts who have studied the Sebi report and the company's annual reports say the numbers did not add up. The business appeared to be operating at margins that were not merely thin but structurally negligible, they said."It looks like a case of pass-through accounting. There is no value creation. It was 'flow of gold' being booked as revenue," said a leading auditor on the condition of anonymity.Sebi, which began the investigations in March 2024 following a shareholder complaint about suspected accounting malpractices, said it found that about 97-99% of REL's consolidated revenues were attributed to its overseas subsidiaries, principally Valcambi. But Valcambi's own accounts, audited by KPMG SA, recorded only processing fees that were about โน3,027 crore across five years.Valcambi refined gold on behalf of clients and never took ownership of the precious metal or recognised the value of gold as revenue in its books. Yet, Global Gold Refineries AG (GGR), the parent of Valcambi that had no independent operating business, recorded gross revenues running into hundreds of crores by including the gross value of gold that actually belonged to others, according to the Sebi report.Rajesh Exports, which owns GGR through a Singapore subsidiary, used those unaudited figures in its financial statements, significantly bumping up the company's revenue, it said.In its press release, REL said: "The core observation in the order is with regard to the misreporting of the revenues. This has emerged primarily due to confusion because Sebi has considered the Ebitda of Valcambi instead of revenue hence it has stated that there is a difference of about 97% in the revenue.""There is no reason for any listed entity to inflate revenue and maintain the earnings, this will only reduce the margins of the company, which would be adverse to the company," it said.Senior management in the darkThe senior management of REL told regulators that most of them were in the dark about the company's overseas operations and only the promoter, Rajesh Mehta, dealt with those activities."Valcambi SA does not have any gold mine on its own," managing director Suresh Gowda was quoted in the Sebi order as saying. "It refines the raw gold purchased by it from various entities, whose names I do not recollect, as these things are exclusively handled by Rajesh Mehta, chairman of REL. I have never interacted nor involved with any subsidiary/step-down subsidiary of REL, as these were exclusively taken care of by Rajesh Mehta," he told the investigators, as per the order.According to the report, REL booked โน11,487 crore in sales between 2021-22 and 2023-24 to Affluence Shares and Stocks, a broker that made up to 66% of the company's standalone revenue for that period. But Affluence, in formal depositions to the regulator, said it had not done any business with REL.Following the transaction trail, the investigators found out that the transactions were personal gold derivative trades executed by promoter Mehta using his own brokerage account and then recorded in the company's books as corporate sales, the order said.The investigators also found that Mehta used corporate funds. As per the Sebi observations, bank records show REL transferred โน338.90 crore directly into Mehta's personal accounts between April 2020 and September 2025.Unlike in the case of Nirav Modi or Gitanjali Gems, who are accused of bank fraud, Rajesh Exports doesn't appear to have borrowed big from banks or through sale of bonds, according to regulatory filings.The company's market cap was just over โน3,000 crore, as per Thursday's closing share price. LIC (10.8%) and Bridge India Fund (8.46%) are its major institutional shareholders."It is striking that, even at a peak market capitalisation of โน25,000 crore, the company did not hold any analyst calls, a basic expectation for a listed company of that scale," said Shriram Subramanian, founder and managing director of InGovern Research Services, a corporate governance advisory firm.The regulator in 2024 hired BDO India Services to investigate. But the forensic audit faced problems at almost every stage of the investigation. It was denied access to ERP systems and was not provided a complete journal dump, preventing independent verification of transactions recorded in the books, according to the regulatory report.And the company declined to share subsidiary-level records with the investigator, citing Swiss data protection laws, limiting auditors largely to reviewing financial statements prepared by the management itself rather than underlying evidence, it said.What's also come under the scanner was the conduct of statutory auditors for the last few years: CA PV Ramana Reddy, the proprietor at PV Ramana Reddy & Co, and CA PL Venkatadri, partner at BSD & Co.The company's FY24 and FY25 annual reports, filed with the stock exchanges, carry an unqualified opinion from BSD & Co, which concluded that the financial statements presented a "true and fair view" in line with Indian Accounting Standards.The company's FY24 Directors' Report noted that the statutory and secretarial auditors had made no qualifications, reservations or adverse remarks.The Sebi report said for over five months, the auditors sat on the regulator's request for missing documents and statements.Emails sent to both audit firms did not elicit any response.REL closed 5% lower at โน103.92 Thursday on the NSE. The shares are down from their peak of โน1,028.40 on February 6, 2023.
Mumbai: Global investors continued to pare equity stake in the financial services sector in the second half of May, however the pace of selling came off.Foreign portfolio investors (FPI) sold shares worth โน5,181 crore from the sector in the period, significantly lower than the outflow of โน17,000 crore in first half of the month, according to the data from NSDL. Between January and March, global investors pulled out shares worth over โน60,000 crore from the sector."Banking stocks offered foreign investors an easy exit from India by virtue of being highly liquid," said U R Bhat, co-founder & director, Alphaniti. "Despite the sell-off, the sector has fared well, barring a few specific exceptions. Now investors are reducing exposure in other sectors."Bank Nifty fell 1% over the past one month compared with a 2.9% drop in the benchmark Nifty 50."Global investors toned down the selling in the banking and financial services sector and bought selectively- mostly smaller banks instead of the large caps which is why the pace of outflows moderated," said Sonam Srivastava, founder and CEO, Wright Research. Overseas investors sold shares worth โน14,621 crore across 13 sectors in the second half of May, after withdrawing โน38,443 crore across 19 sectors in the first half of the month.131518952FPIs have continued the selling spree in the current calendar year, offloading equities worth โน2.6 lakh crore up till June 03. This exceeds their outflow of โน1.7 lakh crore in the whole of 2025. A sustained selling pressure has intensified this year due to AI disruption and inflationary pressure on account of elevated oil prices given the US-Iran war. In addition, the net outflow of โน1.3 lakh crore in FY27 so far exceeds the net investment of โน84,132 crore by FPIs since FY17. The cumulative net foreign investment in Indian equities dropped to the lowest level in 12 years to โน7.1 lakh crore in FY27.In the second half of May, automobiles and oil and gas sectors reported worth over โน2,000 crore. On May 29, The MSCI rebalancing led to outflows worth โน8,000-8,500 crore which also factored in the outflows for this fortnight. "Changes in the MSCI Index shifts the composition of not just index funds that mimic the index but also weighs on decisions of other funds,who largely use MSCI indices as benchmarks" said Bhat.Among sectors that reported net inflows in the second half of May, metals attracted nearly 60% of the inflows -the highest foreign inflows worth โน4,999 crore for the period. The sector witnessed inflows worth over โน6,500 crore in May.
The Supreme Court has ruled that a husband cannot be convicted of cruelty under Section 498A of the IPC solely for not speaking to his wife for a few days.