Controversy over welfare pension distribution in UDF committee office
Local Self-Governments Minister K.M. Shaji informs Assembly that the incident was isolated and that the official responsible for the incident has been removed
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100 = ๊ธ์ ์ฐ์ธ
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Local Self-Governments Minister K.M. Shaji informs Assembly that the incident was isolated and that the official responsible for the incident has been removed
At a meeting of TVK functionaries held in Omalur in May, TVK candidate R.V. Adhiyamaan outlined what he believed were the reasons for his defeat
International brokerage firm Jefferies started coverage on Poonawalla Fincorp with a Buy rating and a target price of Rs 490, implying an upside of 23% from current market levels, citing positive levers of growth. Jefferies says the company is well positioned to accelerate growth under its revamped leadership team, expanding product portfolio, wider distribution network and sharper underwriting practices. The brokerage expects the company to deliver a 33% AUM CAGR, the fastest among major NBFCs, supported by an improving loan mix, better net interest margins and lower credit costs driven by reduced slippages and a healthier portfolio mix. Analysts also forecast a sharp improvement in profitability, with RoA/RoE expected to expand to 16% by FY29 from 6% in FY26, which it believes should support the stock's premium valuation multiples. The brokerage cited the company's ongoing strategic transformation under CEO Arvind Kapil, former head of retail and mortgage banking at HDFC Bank as a positive. The brokerage highlighted the leadership overhaul, with seven of nine CXOs coming from HDFC Bank, alongside the launch of six new products including prime personal loans, commercial vehicle loans, gold loans and education loans. These new segments have already scaled to 14% of AUM within a year and are expected to contribute 34% of AUM over time. Jefferies expects the company to deliver a 33% AUM CAGR during FY26-29, supported by investments in distribution, collections, technology and AI, as well as its AAA credit rating and backing from the Adar Poonawalla Group.The brokerage expects margins to improve as the company shifts toward higher-yielding products. After contracting by 250 basis points over the past two years due to the run-down of its legacy personal loan portfolio, NIMs are projected to expand by around 70 basis points over FY26-29, aided by growth in products such as prime personal loans and gold loans. At the same time, Jefferies expects cost-to-AUM to improve to 3.9% by FY29 from 4.4% in FY26 on the back of operating leverage.Asset quality trends have also strengthened, with gross NPAs declining to 1.4% from 1.8% in FY25, supported by tighter underwriting and the reduction of the stressed legacy personal loan book. Jefferies noted that delinquency levels in loans originated after September 2024 are running about 50% lower than the previous 12-month cohort. It expects credit costs to moderate to 2.2% over FY26-29 from 2.7% in FY26, driven by better portfolio quality and a growing share of lower-risk products such as gold and education loans.Following a Rs 2,500 crore capital raise in April 2026, the company's Tier-1 capital ratio has risen above 19.5%, providing ample room to fund growth. Jefferies forecasts profit after tax to surge to Rs 2,900 crore by FY29 from Rs 540 crore in FY26, while return on assets and return on equity are expected to improve to 2.3% and 16%, respectively, from 1.1% and 6% in FY26. Despite trading at 2.4x FY27 estimated book value and 25x FY27 estimated earnings, the brokerage believes Poonawalla Fincorp's strong growth trajectory and improving profitability justify premium valuations and could support further re-rating if execution remains robust. Key risks include weaker-than-expected execution, margin pressure and higher credit stress.In Thursdayโs session, shares of the company are down 1.5% to Rs 394 on the BSE. Poonawala Fincorp shares are down 18% in 2026. (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
Delhi Water Minister Parvesh Verma said the government now plans to rebalance distribution.
New Delhi, Leading broadcaster Zee Entertainment Enterprises Ltd (ZEEL) on Tuesday announced the launch of its sports broadcasting portfolio under the 'Unite8 Sports' brand after receiving the necessary approvals from the Ministry of Information and Broadcasting.The development comes a day after the company announced an eight-year partnership with the world soccer body, FIFA, to broadcast all matches, including World Cup 2026, in the Indian market.Four channels -- Unite8 Sports 1, Unite8 Sports 1 HD, Unite8 Sports 2 and Unite8 Sports 2 HD -- have gone live across more than 500 cable and distribution platforms nationwide, said a company statement.These sports networks will offer coverage of a wide range of sporting events, including football, cricket, kabaddi, badminton, wrestling, boxing and combat sports.Commenting on the development, Bavesh Janavlekar, Chief Business Officer, Unite8 Sports, said: "Our focus is on ensuring seamless access for viewers, supported by strong partnerships across the distribution ecosystem. We are geared up to present the upcoming FIFA events across our channels, and we remain well-positioned to deliver a compelling viewing experience to fans across the Nation."
Karnataka has witnessed a dramatic 30-percentage-point drop in spousal violence, falling from 44.4% to 14.1% of ever-married women reporting abuse. This significant decline, nearly double that of the second-biggest mover, Assam, positions Karnataka in the middle of the national distribution. Experts attribute this improvement to multiple factors including reduced child marriages and increased women's empowerment.
Government sanctions 91,918 quintals of seeds for distribution to farmers to improve soil health and boost sustainable agriculture, says Agriculture Minister
Navigating divorce can be overwhelming, but thorough documentation is essential for pivotal decisions regarding alimony, child custody, and property distribution. Be prepared by collecting marriage records, identification, financial statements, property titles, and any relevant evidence. For custody disputes, focus on child-related documents. Getting organized in advance paves the way for a less stressful legal journey.
India's first AI-powered music company PaRa Music launched on Tuesday, offering a model designed to help original Indian music reach larger audiences across the country and worldwide, but does not create its own music.The music venture combines human-created music with proprietary AI-led market intelligence to guide catalogue development, distribution, and monetisation of music. It is backed by a funding from a consortium of angel and institutional investors led by Apollo Growth Capital and plans to build a catalogue of 40,000 songs over the next four years across film and non-film music, spanning Hindi and regional languages.Tapping one of the worldโs largest music markets, PaRa is aiming to bridge the gap between audience demand and effective discovery, particularly for regional and non-film music. With the industry projected to reach Rs 7,500 crore in 2028, estimates point to continued expansion in both streaming and recorded music revenues.Para Music has deployed a model "ParaMeter" as its in-house AI Chief of Music Intelligence who does not create music.This AI brain analyses audience signals across platforms and geographies to identify emerging demand, guide investment decisions, and support smarter catalogue and release strategies. The approach is intended to improve discovery and market fit while keeping music creation firmly in the hands of artists, composers, and songwriters.The venture is planning to build its business around the premise that original Indian music should have a stronger path to audience reach and long-term monetisation. It combines human creativity, institutional capital with data-led decision-making to support catalogue creation, targeted distribution, and diversified revenue opportunities for creators and rights holders.It further aims to partner with central and state governments to support music-led cultural, creative, and economic initiatives across India.PaRa Music is entering a broader market in which music rights and catalogues are increasingly viewed as long-term assets, with global investment activity expanding across recorded music and related rights. It adds volume to Indiaโs national music arena through a technology-led approach and a professional team aiming to build Indian music IP for the world, ensuring creators achieve stronger commercial outcomes and capture greater long-term value.โIndia has one of the worldโs richest and most diverse music ecosystems, yet much of its potential remains untapped. PaRa Music was founded to unlock this opportunity through technology, data, and strategic investment in Music IP," said founder Rashna Pochkhanawala.As the global recorded music market moves towards $200 billion by 2035, Pochkhanawala believes that India is poised to become a major growth engine.โWe rarely encounter opportunities where a large market, a proven business model, and exceptional leadership converge so clearly. Indiaโs music economy is entering a period of unprecedented growth, and we believe Music IP will be one of the defining asset classes of the next decade," said Johri, Company Spokesperson - Apollo Growth Capital.
New Delhi: Transrail Lighting, a leading turnkey engineering, procurement and construction (EPC) company, on Tuesday said it has bagged new orders worth Rs 575 crore primarily in the transmission and distribution (T&D), civil construction and pole business.As of March 31, the company's unexecuted order book (including L1 or Lowest Bidder position) stood at Rs 16,361 crore, up 12 per cent year-on-year, Transrail Lighting said in an exchange filing."The orders in the T&D segment including construction of a 500 kV HVDC line for a marquee customer, supply of our products in international markets, specialised civil construction job and pole supplies, highlights our diversified capabilities and competencies," the company's MD & CEO Randeep Narang said.Mumbai-based Transrail Lighting is an EPC company primarily engaged in T&D with operations spanning civil, railways, poles and lighting segments. The company has a presence across 63 countries.For FY26, the company posted a net profit of Rs 403.59 crore, up 23 per cent from Rs 328.68 crore in 2024-25. Its total income also rose over 29 per cent to Rs 6,928.83 crore from Rs 5,353 crore in FY25.
From West Bengalโs cabinet expansion to while Israelโs military pushes deeper into Lebanon amid ceasefire talks, we look at the major stories of the day. We also look at key changes to UPI and LPG distribution, the hostage crisis in Manipur, the start of SIR enumeration in four States, and actor-turned-politician Vijayโs first major public address.
C. Shikha, Joint Secretary at the Dept of Food and Public Distribution told reporters that Indiaโs imports of edible oil were largely from unaffected trade routes as indian Ocean and Strait of Malacca.
Mayor V.V. Rajesh inaugurates distribution of school kits for students
New Delhi: The price of 19-kg commercial LPG cylinders has been increased from June 1, raising input costs for hotels, restaurants and other commercial establishments, while domestic cooking gas rates have been left unchanged, according to industry sources.In Delhi, the price of a 19-kg commercial LPG cylinder has been raised by Rs 42 to Rs 3,113.50. In Kolkata, the increase is steeper at Rs 53.50, taking the retail price to Rs 3,255.50.The price revision comes amid heightened efforts by the government and oil marketing companies (OMCs) to strengthen fuel security and ensure uninterrupted availability of petroleum products across the country.Also read | Refiners adjust to new crude mix as Hormuz crisis tightens supplyIndustry sources said the price of 5-kg Free Trade LPG (FTL) cylinders has also been increased by Rs 11. Following the revision, a 5-kg FTL cylinder will cost Rs 821.50 in Delhi. The revised rates came into effect on June 1.There has been no change in the price of domestic LPG cylinders, providing relief to household consumers at a time when global energy markets continue to remain volatile.The latest revision follows the government's assurance that adequate stocks of petroleum products are available and that there is no shortage of LPG, petrol or diesel in the country.Speaking at an inter-ministerial briefing on Friday, Sujata Sharma, Joint Secretary in the Ministry of Petroleum and Natural Gas, said the government is working to bolster energy security through strategic reserves and enhanced inventory management.She said OMCs have been advised to maintain a minimum LPG reserve equivalent to 30 days of consumption and that efforts are underway to strengthen crude oil reserves as well.Also read | India cuts export duties on petrol, diesel and aviation turbine fuelAccording to Sharma, all refineries are operating at optimum levels and domestic LPG production has reached record highs. She said inventories of key fuels remain comfortable and no instances of LPG distributors running dry have been reported.At the same time, authorities have observed unusual spikes in fuel sales in several regions. While part of the increase is attributed to seasonal agricultural demand, bulk purchases have also contributed to higher offtake.Government data showed overall fuel sales growth exceeding 30%, with 14 districts recording more than 100% growth in petrol sales. In contrast, six districts witnessed a decline of about 38% in sales by OMCs.To prevent diversion and hoarding, enforcement agencies have intensified inspections. Over the past four days, around 6,500 raids were conducted involving LPG distribution networks, resulting in multiple FIRs and arrests. Separate inspections at retail fuel outlets led to the seizure of significant quantities of petrol and diesel, along with legal action against violators.Sharma said domestic refineries are currently producing around 50-52 thousand metric tonnes of LPG per day against demand of about 72 thousand metric tonnes, with the balance being met through imports. She added that the backlog in LPG supplies has narrowed to around 4.5 days, indicating an improvement in distribution efficiency.The increase in commercial LPG prices is expected to have a bearing on operating costs for eateries, catering businesses and other commercial users, even as household consumers remain insulated from the latest revision.
The anti-drug enforcement drive will establish a digitally enabled system to eliminate drug trafficking and facilitate the rapid collection of information on drug use and distribution across the State
The Chhattisgarh High Court ruled against a former power distribution employee seeking full back wages after acquittal in a graft case. The court stated that a later acquittal does not automatically nullify the legal impact of a valid dismissal order issued during a conviction. The employee was dismissed following a conviction but later acquitted on appeal.
The Election Commission has started the enumeration phase of the Special Intensive Revision of electoral rolls in Odisha, Mizoram, Sikkim, and Manipur. Booth Level Officers will conduct door-to-door visits for form distribution and verification.
Some new changes to the UPI system and the LPG distribution system guidelines will be in effect from June 1, 2026.
New Delhi [India]: The Central Consumer Protection Authority (CCPA) has imposed a penalty of Rs 7 lakh on Vajiram and Ravi IAS Study Centre LLP for allegedly publishing misleading advertisements and concealing material information related to the success of candidates in the UPSC Civil Services Examination (CSE).According to a press release issued by the Ministry of Consumer Affairs, Food & Public Distribution, the final order was passed by the CCPA, headed by Chief Commissioner Nidhi Khare and Commissioner Anupam Mishra, after the authority found that the coaching institute had prominently advertised the achievements of successful UPSC CSE 2023 candidates without disclosing the specific courses undertaken by those candidates.According to the press release, the institute had claimed on its official website that "8 Rank Holders in the Top 10 are from Vajiram & Ravi", "37 Rank Holders in the Top 50 are from Vajiram & Ravi", and that "more than 30 per cent of the officers selected through UPSC Civil Services Examination are students of Vajiram & Ravi" every year.The CCPA's investigation reportedly found that seven of the eight top-10 rank holders and 29 of the 37 candidates in the top 50 had enrolled only in the institute's free Interview Guidance Programme (IGP).Also Read: Nearly 5.49 lakh candidates appeared in civil services preliminary exam: UPSCThe authority further noted that a large majority of successful candidates associated with the institute in recent years had participated only in the IGP. According to the findings cited in the press release, 86.36 per cent of successful candidates in 2021, 78.31 per cent in 2022, 97.56 per cent in 2023, and 71.69 per cent in 2024 had enrolled solely in the interview guidance programme.The CCPA observed that the Interview Guidance Programme begins only after candidates independently clear the Preliminary and Mains stages of the UPSC examination. By featuring such candidates in advertisements for comprehensive coaching programmes without clarifying the nature of their enrolment, the institute allegedly created the impression that their success was attributable to its full-length coaching courses.The authority held that the non-disclosure of important information regarding the courses opted for by successful candidates amounted to a misleading advertisement under Section 2(28)(iv) of the Consumer Protection Act, 2019, and violated consumers' right to be informed under Section 2(9) of the Act, the release said.The press release stated that the CCPA has so far issued more than 60 notices to coaching institutes for misleading advertisements and unfair trade practices and has imposed penalties exceeding Rs 1.46 crore on coaching centres preparing students for examinations such as UPSC, IIT-JEE, NEET, RBI and other competitive tests.