Another Jolt For TMC? Kolkata Mayor, Close Aide To Mamata Firhad Hakim Wants To Step Down
The development comes at a politically sensitive time for the ruling TMC, which has been battling internal dissent and organisational challenges.
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The development comes at a politically sensitive time for the ruling TMC, which has been battling internal dissent and organisational challenges.
The party wants to build a political combination by wooing a chunk of Vokkaliga voters, besides the traditional AHINDA voters, by elevating D.K. Shivakumar
New Delhi sought an extension of waivers from the United States amid surging crude prices.
"Those who now hold interim power have also had to recognise that Venezuela cannot be stabilised, recovered, or governed indefinitely without the democratic majority that expressed itself on July 28," says Ms. Machado
Taking a dig at Lalu Prasadโs family, Choudhary asserts that it is not a monarchy where the mother wants one house, and the son desires another
Former Tamil Nadu BJP chief K. Annamalai is reportedly looking to part ways with the party amid growing differences over alliance politics and long-term growth strategy in the state.According to reports, Annamalai has pushed for a stronger Tamil identity-driven political approach and grassroots organisational expansion, while sections within the BJP leadership are believed to favour quicker electoral gains through alliance strategies.The developments have intensified speculation over Annamalaiโs political future and could have major implications for Tamil Naduโs evolving political landscape ahead of upcoming elections. Watch the full report for all the latest updates and political analysis. -speakn18oc_indian18oc_politicsNews18 Mobile App - https://onelink.to/desc-youtube
Meta is making big changes. Thousands of employees are moving to new AI teams. This is part of a major company-wide AI focus. CEO Mark Zuckerberg wants to strengthen Meta's AI position. Some workers are calling it an 'AI draft'. The company is also developing new AI tools. This restructuring shows Meta's growing commitment to artificial intelligence.
Oman seems to be losing its footing as a neutral party.
Mr. Palaniswami wants Vijay to step out of โillusionโ, take responsibility and uphold law
Former Tamil Nadu BJP chief K Annamalai is likely to announce his exit from the Bharatiya Janata Party (BJP) on Tuesday, as per the sources.
PM Modi wants the MEA to focus more on neighbours, stressing that India cannot be a global power without strong ties across the subcontinent.
Trump is focused on making a new Iran deal. (file)
If 1% of India's household and temple gold is recycled annually, gold imports could decline by 25-30%.
He wants officials to plan in advance in view of deficient rains amid El Nino forecast
Mumbai: Tata Trusts chairman Noel Tata conveyed to Tata Sons board after the meeting last week that several key issues remained unresolved, rendering any formal discussion on the reappointment of the holding companyโs chairman N Chandrasekaran premature, said people familiar with the matter.That could lead to a deadlock between Chandra and Tata, they said. Tata sought greater clarity from Chandrasekaran on the groupโs five-year strategic roadmap, the framework for providing an exit option to Shapoorji Pallonji Group that doesnโt involve Tata Sons going public as well as his formal position on the long-debated matter of the listing.Also Read: Adani Group now focused on building assets at scale, says Gautam AdaniThese issues have gained traction amid turbulence at the Trusts and the holding company of the conglomerate over governance and other matters, amid questions over the performance of units such as Air India and BigBasket.Towards the end of the May 26 board meeting, a few directors are learnt to have informally asked whether Chandrasekaranโs reappointment for a third term could be taken up next time.131429115Consensus NeededNoel Tata responded that it was still too soon, pointing to unresolved issues and unanswered questions that require further engagement, said the people cited.Chief executives of Air India, Tata Electronics and Tata Digital made presentations on their respective businesses to the board at the meeting. Noel Tata is learnt to have provided extensive feedback on BigBasket and Air India, executives close to the matter said.Chandrasekaran had called for a special board meeting on May 26 to respond in detail to concerns raised by Noel Tata at the holding companyโs previous board meeting on February 24 at which consideration of his reappointment for a third term had been deferred. Tata Trusts controls Tata Sons with a 66% holding. SP Group has an 18% stake that it wants to sell in order to repay debt.Also Read: Infosys CEO Salil Parekh earned Rs 82.6 crore in FY26, up 2.5%Noel Tata had raised concerns over losses at Air India and BigBasket and called for course correction. Tata Sons is slated to hold its next board meeting on June 12 to discuss annual accounts. People aware of the exchanges said Noel Tata also indicated that any timeline or date for considering the reappointment would need to be discussed and arrived at through consensus.Tata Sons and Noel Tata did not comment. According to executives close to Tata Sons, discussions with SP Group on an exit plan do not carry significant weight until clarity emerges from the Reserve Bank of India (RBI) on the matter of the listing. โThe value of Tata group is too high to easily consider a non-listing option to buy back stakes from SP Group. Until there is clarity from RBI on the matter, no one can proceed,โ one of them said. As an โupperlayerโ non-banking finance company, Tata Sons is required to launch an initial public offering, potentially diluting ownership. It has sought exemption from RBI.Chandrasekaran is also understood to be unwilling to outline any formal five-year growth plan at this stage. He is similarly not in a hurry to raise the matter of reappointment, officials close to the matter said. During Ratan Tataโs tenure, the issue of reappointment was typically brought up a month before a term ended, officials said. It was Tata Trusts that had passed a resolution in 2025 to raise the matter of Chandrasekaranโs reappointment a year before the end of his term to ensure leadership stability.The May 26 meeting saw Chandrasekaran getting chief executives to lead detailed presentations before the board and Tata Trusts chairman Noel Tata, people familiar with the deliberations said. Unlike the previous board meeting, which had been marked by sharper scrutiny and unresolved questions, this session focused extensively on operating businesses.
Veteran actor Arun Govil, who will play King Dasharath in Nitesh Tiwari's Ramayana, said nobody wants to see another Rama, explaining the backlash Ranbir Kapoor faced. However, he called Ranbir a good actor. Ranbir also revealed he will play both Lord Rama and Lord Parshurama in the film releasing on Diwali 2026.
Wall Street's main indexes hit record closing highs on โFriday and posted weekly and monthly gains as Dell results drove tech shares higher, while investors awaited details on a potential U.S.-Iran deal. President Donald Trump said in a social media post that he would make a final decision on the Iran deal on Friday. โTehran earlier said it โ was โ looking for action, not words, when it came to an agreement.Dell surged after raising its full-year profit and revenue forecasts on Thursday. The tech โsector climbed, fueled by gains in chip stocks.Peers Hewlett Packard Enterprise and Super Micro Computer gained. Microsoft climbed.The software services index โalso advanced.Earlier in the session, all three indexes hit intraday record highs, cruising on renewed optimism around AI and strong earnings growth, despite concerns about the Iran war's impact on inflation and the global economy.According to preliminary data, the โS&P 500 gained 16.11 points, or 0.21%, to end at 7,579.74 points, while โ the Nasdaq โComposite gained 53.74 points, or 0.20%, to 26,971.21. The Dow Jones Industrial Average rose 363.48 โpoints, or 0.72%, โto 51,032.45.EARNINGS-DRIVEN RALLY"There's definitely euphoric sentiment in the market around AI. The rally has really โ been driven by earnings," said Ohsung Kwon, chief equity strategist at Wells โFargo.He suggested investors buy and hold AI stocks, then earn extra income by โselling call options at prices much higher than the current stock price.Melissa Brown, head of investment decision research at SimCorp, said over the past few weeks volume has gone up, which suggests more people are coming into the market.The S&P 500 was on track for a ninth consecutive weekly gain, its longest winning streak since December 2023.The S&P 500 communications services sector dropped, as Alphabet declined. Consumer staples shares were weak with heavyweights Costco and Walmart both โdown.The S&P automaker index dropped after reports the Trump administration wants North American-built vehicles to have 82% regional content to qualify for preferential treatment under the U.S.-Mexico-Canada Agreement.Shares of General Motors and โU.S.-listed shares of Stellantis โfell. U.S. economic data on โ Thursday showed inflation increased at its fastest pace in three years in April, while GDP for the first quarter was revised lower to a 1.6% annual rise. The Fed's Kansas City President Jeffrey Schmid warned the energy shock may not โbe temporary. Vice Chair for Supervision Michelle Bowman said a persistent rise in inflation might require tighter monetary policy.Money markets expect the Federal Reserve to keep interest rates steady for the rest of the year, with expectations of a 25-basis-point hike in December. Among other movers, Gap shares tumbled after the apparel retailer cut its annual sales forecast, while American Eagle Outfitters dropped after keeping its annual comparable sales forecast unchanged.
Capital markets regulator Sebi has relaxed nomination norms for demat accounts and mutual fund folios, making the process simpler for investors while continuing its push to reduce the buildup of unclaimed financial assets.In a circular issued on Friday, the regulator said investors opening single-holder demat accounts or mutual fund folios after September 1, 2026, will be required to either nominate a beneficiary or formally opt out through a declaration.The move modifies rules introduced last year after market participants flagged operational challenges in implementing the earlier framework.Sebi said the revised norms are aimed at improving ease of investing and simplifying the nomination process.Under the new framework, nomination will remain mandatory for single-holder accounts unless the investor explicitly chooses to opt out. For jointly held accounts and folios, however, nomination will be optional.Investors will be allowed to appoint up to three nominees.In a significant simplification, Sebi has removed the requirement for a witness signature when investors submit nomination forms with a regular signature. A witness will now be required only when an investor uses a thumb impression instead of a signature.The regulator has also reduced the amount of information investors must provide while filing nominations.Only the nominee's name and relationship with the investor will be mandatory. In the case of minor nominees, the date of birth will also be required.Details such as mobile number, email address, percentage share, Aadhaar, PAN, passport or other identification documents will remain optional.Where multiple nominees are appointed but percentage allocation is not specified, the assets will be distributed equally among the nominees.Sebi has also expanded digital options for filing nominations. Investors will be able to submit nominations online using a digital signature certificate, Aadhaar-based e-sign, any recognised e-sign facility, or through two-factor authentication using a one-time password sent to their registered mobile number and email address.The regulator has directed depositories, depository participants, mutual fund registrars and asset management companies to provide both online and offline nomination facilities. The revised framework also allows investors to modify or cancel nominations any number of times.For jointly held accounts, all account holders must consent to any nomination or nomination change regardless of the mode of operation.Sebi has also introduced measures to encourage investors who have not provided nominations. Depository participants and mutual fund registrars will be required to send biannual SMS and email reminders to investors who have neither nominated a beneficiary nor formally opted out.In addition, online platforms will have to display pop-up messages highlighting the benefits of nomination whenever such investors log in to their accounts. The regulator said these nudges are intended to reduce the risk of securities and mutual fund units remaining unclaimed after the death of an investor.Sebi also wants greater transparency in account statements. Going forward, account and holding statements will either display the names of nominees or indicate whether a nomination exists, depending on the investor's preference.The market regulator has repeatedly expressed concerns over growing unclaimed financial assets and has been encouraging investors to update nominations across investment products.Under existing rules, securities that remain unclaimed for prolonged periods can eventually be transferred to the Investor Education and Protection Fund Authority (IEPF) under applicable regulations.Sebi said the revised norms supersede all previous circulars relating to nominations for demat accounts and mutual fund folios. The new framework will come into effect from September 1, 2026, giving market intermediaries time to upgrade their systems and implement the revised procedures.The changes are expected to make account opening and nomination management easier while ensuring smoother transmission of securities and mutual fund holdings to legal heirs and nominees.