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Drum plantation technique helps grow 3,200 trees in saline land at Dholera

The project is part of efforts to increase green cover in Dholera, where industrial and infrastructure development is currently underway

Fire Breaks Out In Flat At Noida High-Rise Society; Firefighting Underway

Six fire tenders have been deployed to contain the fire, and firefighting operations are currently underway.

Bengal Ex-Minister's Brother Arrested Over Extortion Charges In Kolkata

Further probe is underway, say officials (Representational)

Delhi Mayor's Office Receives Bomb Threat, Declared Hoax

Further investigation is underway to trace the sender.

Man flees after allegedly strangling wife to death in Gurugram; manhunt underway

The altercation ensued after the husband demanded to know who his wife was speaking to over the phone, information that she refused to reveal

Tricked In Thailand, Rescued From Laos: Gujarat Sisters' Ordeal

The essential legal and administrative formalities are currently underway

Bomb threat to Gurugram civic body sparks security scare; search underway

The threat email brought police and security agencies on their toes, with personnel, dog squad, and bomb disposal units rushing to the civic body's Sector 34 office

ICICI Bank shares fall 10% in 6 months. Here’s why Motilal Oswal sees 41% upside potential

ICICI Bank is well-positioned to sustain sector leadership with a healthy growth outlook and robust asset quality, said Motilal Oswal Financial Services while naming the heavyweight private lender its top ‘Buy’ within the banking sector even after the stock tumbled 10% in six months.The shares of ICICI Bank gained over 1% on Thursday to trade at Rs 1,258.40 apiece on NSE. The stock has however fallen over 1% in one week and 6% in 2026 so far. The stock has fallen more than 12% in one year.Despite the muted returns, Motilal Oswal maintained its bullish call for the shares of ICICI Bank. The domestic brokerage said that the private lender is well-positioned to sustain its growth momentum while maintaining profitability benchmarks. It expects the bank to deliver a 16% loan CAGR over FY26-FY28, led by strong growth in business banking and PL, while the corporate segment is also expected to witness healthy traction, supported by working capital demand.ICICI Bank’s liability franchise continues to remain best-in-class, supported by diversified acquisition engines and a rapidly expanding physical network, Motilal said. With a domestic CD ratio of 85.5% and LCR of 126%, the brokerage added that the bank is well placed to capitalize on growth opportunities compared to peers.“ICICI Bank is likely to maintain cost leadership despite meaningful investments in technology, customer delivery, analytics, and talent. ICICIBC’s asset quality remains robust, supported by disciplined underwriting, continued monitoring, and strong recoveries, while the bank maintains a healthy contingency buffer (0.9% of loans). The bank currently does not face additional portfolio stress from the West Asia crisis or ECL transition. Credit costs are, thus, expected to remain contained, with GNPA/NNPA improving to ~1.4%/0.3% by FY28E,” Motilal said.Motilal Oswal on ICICI Bank share priceThe brokerage acknowledged that ICICI Bank shares have delivered tepid performance over the past year, reflecting broader derating across large banking stocks amid persistent FII selling. However, with operating performance holding strong and sustained market share gains across key lending segments, Motilal expects a gradual rerating.It maintained its ‘Buy’ call on the stock, with a target price of Rs 1,750 apiece. This implies an upside potential of nearly 41% from the stock’s previous closing price of Rs 1,242 apiece on NSE.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)

Jefferies initiates coverage on Poonawalla Fincorp with Buy rating. Why are analysts bullish?

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 Thursday’s 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)

El Nino: Hunger fears overwhelm an American village

NIA searches former TMC MLA Saukat Mollah's house in Bengal in Bhangar blast case

The agency also searched Saukat Mollah's office as part of the operation. Saukat Mollah's wife and daughter reached the residence while the searches were underway

‘Everything works in Delhi’: Hotel owner blames ‘other person’ in Malviya Nagar fire probe

A devastating fire at a Malviya Nagar hotel, claiming 21 lives, has revealed alleged violations including operating far beyond capacity and lacking fire safety clearance. The owner, arrested, reportedly claimed ignorance of rules and delegated operations. Investigations are underway into structural changes and ownership of multiple properties.

'I was a passport agent, car broker before cricket': Krunal Pandya opens up

Five-time IPL champion Krunal Pandya's journey to success was forged in the crucible of early life struggles. Before cricket stardom, he navigated the world of paperwork, affidavits, and brokering second-hand cars, lessons that instilled resilience and a craving for tough challenges. These experiences shaped his approach to cricket, teaching him to embrace pressure and never give up.

Delhi Malviya Nagar fire highlights: Hunt on for manager who ran BnB without NoC from Delhi fire dept

Delhi Malviya Nagar fire highlights: Delhi Police are searching for Jai Mishra, manager of Flourish Stay BnB, where a fire killed 21 people, including 18 foreigners. Arrested owner Lavkesh Bajaj told investigators Mishra handled daily operations. Police said Mishra is absconding and raids are underway.

South Delhi hotel fire: Two women jump from burning building to escape blaze that killed 21 | Shocking video

At least two women jumped from an upper floor of a building in South Delhi's Malviya Nagar on Wednesday after it caught fire. The blaze has reportedly killed at least 21 people, most of them foreigners. The cause of the fire remains unclear, and an investigation is underway.

Race against smoke & time: Inside the rescue op at Delhi hotel inferno that killed 21

A devastating fire at Malviya Nagar's Flourish Stay B&B claimed at least 21 lives and injured many. Emergency services battled the blaze, rescuing 39 people. The building's sealed design and single staircase exacerbated the tragedy, trapping occupants. Investigations into the cause and building compliance are underway, with authorities promising strict action.

Will or no Will: How to transfer property after the owner is dead

Grieving the loss of someone dear is a challenging journey, and dealing with property matters can feel overwhelming. Regardless of whether there's a will in place, it's essential to grasp the legal pathways, such as probate or acquiring a legal heir certificate. Ensuring government records are updated through mutation solidifies rightful ownership.

Bonfim eyes UFC title picture: 'A win over Belal puts me in contention'

Gabriel Bonfim believes a win over former champion Belal Muhammad can establish him as a legitimate UFC welterweight contender. Riding a four-fight winning streak and coming off a statement knockout of Randy Brown, the Brazilian enters his second consecutive main event with growing confidence. Yet Muhammad's relentless pressure, wrestling and ability to thrive in long fights present a different challenge. For the former champion, it is a chance to halt a slide. For Bonfim, it is an opportunity to move closer to the title picture.

ISI-Underworld Crackdown: Dawood Aide Huzaifa Arrested, Agencies Probe Links To Pakistan-Based Handler

Alleged D-Company operative Huzaifa arrested in Mumbai raids, questioned over ISI links and recruitment, focus on associate Munna Jhingada and Dawood Ibrahim network.

Vedanta, Hindustan Zinc shares fall after metals giant confirms ED visits to offices

The shares of Vedanta and Hindustan Zinc declined 1% each on Wednesday after the former confirmed in an exchange filing that the Enforcement Directorate team visited some of its offices, confirming news reports."We hereby inform that the Enforcement Directorate team visited some offices of our company and Hindustan Zinc, a subsidiary of the company," Vedanta said after stock exchanges sought clarification regarding news reports around ED conducting searches against Vedanta Group in FEMA probe. The Anil Agarwal-led company added that it is fully cooperating with the authorities and providing all requested information.In another exchange filing released on Tuesday, Vedanta said that the proceedings are underway. “We wish to reiterate that the Company is and will continue to comply with SEBI Listing Regulations and keep the stock exchange(s) duly informed of all material information / events, including price sensitive information(s), in accordance with the applicable provisions,” it added.Also Read | Vedanta says ED officials visited some of its offices, Hindustan Zinc unitsThe Economic Times reported on Tuesday, citing officials, that ED conducted searches at premises linked to the Vedanta Group in Delhi and Mumbai as part of a Foreign Exchange Management Act (FEMA) investigation.In a quote to ET Bureau, Vedanta spokesperson said, "We are extending full cooperation to the authorities and are providing all information sought. The company remains committed to compliance with all applicable laws and regulations. As the matter is currently under regulatory process, we are unable to comment further at this stage."Also Read | ED searches against Vedanta Group in FEMA caseICRA's ratings upgradeLast week, ratings agency ICRA removed the company from watch with developing implications after greater clarity on the allocation of assets and liabilities under the ongoing demerger scheme.ICRA upgraded Vedanta’s long-term rating to AA+ (Stable), assigned a stable outlook and reaffirmed the short-term rating. "The rating action factors in ICRA’s expectation of a further strengthening in the credit profile of the Vedanta Group in FY2027, building on the considerable improvement witnessed in FY2026. This has been supported by a sharp increase in base metal prices, which has contributed to a strong financial risk profile for the Group, which reported an OPBDITA of $6.7 billion in FY26,” the ratings agency said.Also Read | Vedanta shares jump 2% to hit fresh 52-week high. What’s behind the surge?Vedanta share priceVedanta shares have tumbled 6% in one week but gained around 23% in one month. The stock recently adjusted to its mega demerger. Vedanta in April had announced that every eligible shareholder would receive one share each of Vedanta Aluminium Metal (VAML), Talwandi Sabo Power (to be renamed Vedanta Power), Malco Energy (to be renamed Vedanta Oil and Gas) and Vedanta Iron and Steel for every share held in the parent company, marking one of the biggest corporate restructurings in India’s metals and mining sector. Investors are now awaiting the listing of the four new companies that spun out of the mining conglomerate.Also Read | Vedanta demerger: At what price will each of the four new companies list? Check cost of acquisitionHindustan Zinc share priceHindustan Zinc shares have fallen around 4% in one week but gained 5% in one month and more than 2% so far in 2026. The stock is up over 33% in one year. In the longer term, the shares of the company delivered 104% returns over three years and 93% returns over five years.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)