Kerala CM inaugurates โVikasana Sadassuโ initiative of Thiruvananthapuram Corporation
Over next month, in the run up to local body elections, a series of events will be held across the State to popularise the achievements of local bodies
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Over next month, in the run up to local body elections, a series of events will be held across the State to popularise the achievements of local bodies
Trinamool Congress leader Firhad Hakim resigns as Mayor of Kolkata Municipal Corporation, citing inability to fulfill duties post-party's assembly poll defeat.
An hour after a fire at Hauz Rani B&B, owner Lovkesh Bajaj applied to renew a ground-floor restaurant license that had expired. The Municipal Corporation of Delhi (MCD) rejected the application, noting the establishment was operating in violation of norms. The incident highlights regulatory lapses and questions about enforcement.
Though programme banner carried the images of Thiruvananthapuram Mayor V.V. Rajesh, who was supposed to inaugurate the event, Mayor and Corporation distanced themselves from it
At a meeting with the top officials of the State-owned corporation, he also proposes construction of a nuclear desalination plant in one of A.P.โs mega industrial parks
Firhad Hakim resigned as Kolkata mayor after securing Mamata Banerjeeโs approval, amid a wave of resignations by TMC leaders from civic bodies.
M.R. Pallavi alleged that the Mayor, who belongs to the DMK, avoided her during the event. Mayor denied that there was any motive to sideline the legislator and said she only followed established protocol
Amid heavy security, the Municipal Corporation of Delhi (MCD) began sealing unauthorized commercial establishments in South Delhi's Malviya Nagar and surrounding areas. This action follows a deadly fire that exposed widespread violations, prompting the formation of district-level committees to inspect and seal buildings flouting fire safety norms and building bye-laws.
According to officials, at least four teams of Municipal Corporation of Delhi comprising junior and assistant engineers have been deployed for the exercise
Stock market recommendations: Power Finance Corporation (PFC), and Aequs have been recommended as the top stocks to buy today, June 5, 2026 by Bajaj Broking Research.
KMC is yet to accept Firhad Hakimโs resignation even though party supremo Mamata Banerjee gave her nod to the move
Wall Street advanced on Thursday as โprogress toward ending the Iran war buoyed investor sentiment, while disappointing results from Broadcom led a chip selloff that held the Nasdaq's gains in check.The blue-chip Dow surged, hitting a record closing high with a boost from healthcare and financial stocks.The S&P 500 posted more muted gains, while the Nasdaq โended essentially unchanged. Chipmaker Broadcom โ missed revenue โ expectations, sending its shares tumbling and casting a pall over the AI frenzy, which has sent chip stocks soaring so far this year."About the only blemish โon the market at this point is Broadcom, and I think investors are buying the dip," said Paul Nolte, senior wealth adviser and market โstrategist at Murphy & Sylvest in Elmhurst, Illinois. "I don't think investors have given up on chips yet, but what they've yet to come to grips with, 'Is this real? Are these valuations legitimate?' I'm not sure yet that investors have really questioned that." The U.S. House of Representatives โpassed a measure on Wednesday that would block President Donald Trump from continuing โ the war on Iran. Additionally, โa U.S.-mediated ceasefire agreement between Israel and Lebanon, an essential condition of an Iranian agreement to โa peace deal, bolstered โoptimism of a near-term resolution to the war. But the truce was rejected by the pro-Iran Hezbollah, โ which said it would not withdraw troops from Lebanon.A drop in front-month crude โfutures reflected hopes that tanker traffic through the crucial Strait of Hormuz could shortly resume."How many โdeals have we had? It's always right around the corner, a corner we've yet to reach," Nolte added. "Things are moving, but are they moving at a pace that's going to allow the world to get back to what passes for normal in a few weeks, a few months, or maybe sometime next year?"On the economic front, initial jobless claims unexpectedly rose 6.1%, and first-quarter labor costs and productivity were revised sharply lower. A report from Challenger, Gray and Christmas showed layoffs announced by U.S. corporations jumped 11% in โMay to 97,006. Nearly 40% of those layoffs were attributed to AI.According to preliminary data, the S&P 500 gained 31.14 points, or 0.41%, to end at 7,584.82 points, while the Nasdaq Composite lost 19.72 points, โor 0.07%, to 26,834.26. The โDow Jones Industrial Average rose โ 875.09 points, or 1.73%, to 51,562.16.Chipmaker Marvell Technology gained, while Advanced Micro Devices, Micron Technology and Qualcomm lost ground on the day.The healthcare sector got a boost from UnitedHealth after Bank of America raised its rating on the healthcare conglomerate's shares to "buy."The financial index's rebound โfollowed a sharp selloff in the previous session due to revived concerns over private credit. Blackstone shares advanced after it became the latest asset manager to cap withdrawals from its flagship private credit fund following a rise in redemption requests. Cybersecurity firm CrowdStrike slumped after reporting an increase in quarterly operating expenses. An investor roadshow for Elon Musk-led SpaceX began on Thursday ahead of its market debut on June 12. It aims to raise $75 billion in a record IPO that would value it at $1.75 trillion.
The blaze was brought under control after nearly an hour of effort
Bidhannagar Municipal Corporation Mayor Krishna Chakraborty has resigned from her post, citing personal reasons. She submitted her resignation letter to the BMC commissioner on Thursday. Chakraborty stated she worked for the people during her tenure and will continue to do so as a councillor, expressing gratitude to the residents.
Biswajit Mondal, the councillor of Ward No. 114, was arrested following a complaint lodged by the woman from the Purba Putiary area at Regent Park police station
Document calls for reform of KSEB, KSRTC and KWA, recommends merger of Kerala State Beverages Corporation and Kerala State Civil Supplies Corporation (Supplyco)
Ben Black currently leads the US International Development Finance Corporation
Kuku Technologies Ltd, which operates vernacular audio platform Kuku FM and short-video streaming app Kuku TV, has filed confidential draft papers with Sebi for an IPO to raise up to Rs 3,000 crore, according to sources. The company is planning to raise between Rs 2,500-Rs 3,500 crore and is targeting a valuation of up to Rs 15,000 crore (about USD 1.8 billion) through the proposed public issue, people familiar with the development said on Thursday. The initial public offering (IPO), expected in the later part of this financial year, will comprise a mix of fresh issue of shares and an offer-for-sale (OFS) by existing investors. Proceeds from the fresh issue will be utilised for strengthening technology and AI infrastructure, content creation and expansion into new geographies. When contacted, Kuku Technologies declined to comment on the proposed offering. Kuku's revenue surged nearly seven-fold to more than Rs 1,400 crore in FY26 from about Rs 240 crore in the previous fiscal, while the company remained close to achieving operational break-even. The company has leveraged artificial intelligence tools to accelerate content production, improve content recommendations and reduce customer acquisition costs. Founded in 2018 by IIT alumni Lal Chand Bisu, Vinod Kumar and Vikas Goyal, Kuku has built a portfolio spanning audio content, microdrama entertainment and edutainment. Its latest offering, Kuku TV, launched in late 2024, focuses on micro dramas -- short-form mobile-first video series with episodes typically lasting two to three minutes. The platform is currently releasing over 150 original shows every month and has crossed 200 million downloads. Industry estimates suggest that India's Hindi and vernacular micro-drama segment is expanding at around 60 per cent annually, driven by rising smartphone penetration and increasing consumption of short-form video content. Across its platforms, including Kuku FM, Kuku TV and Guru, the company has over 10 million active paying subscribers and more than 400 million cumulative downloads. Its content library comprises over 60,000 hours of programming across seven to eight Indian languages. The company has also initiated plans to expand into overseas markets, including the United States. Kuku has raised more than USD 150 million from investors such as Fundamentum Partnership, Krafton, Vertex Ventures, Granite Asia, International Finance Corporation (IFC), Paramark Ventures, India Quotient and 3one4 Capital. Former India cricket captain MS Dhoni is also among its investors. Kotak Mahindra Capital, Jefferies, JM Financial and Axis Capital are acting as the book-running lead managers to the issue.
Kolkata Mayor Firhad Hakim is reportedly considering stepping down this week, possibly Friday, after the Trinamool's defeat in the Kolkata Municipal Corporation polls. Sources suggest Hakim expressed feeling "suffocated" to party chief Mamata Banerjee, citing the KMC's perceived ineffectiveness. This move follows the arrest and resignation of several councillors, adding to the pressure.