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31 Oct

Prompt Action Prevents Disaster in Alipurduar as Bhutan Glacial Lake Flood Threatens Border States

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Following a Glacial Lake Outburst Flood (GLOF) at Shintaphu Lake in Bhutan’s northern Gasa district, prompt intervention by the Union Water Resources Ministry enabled West Bengal and Assam to take swift precautionary measures to safeguard vulnerable communities. The outburst unleashed flash floods along the Mo Chhu river system, which flows into the Sankosh River—a key waterway traversing Alipurduar in West Bengal and Kokrajhar and Dhubri in Assam. Alerted by central authorities on Thursday night, the West Bengal government successfully relocated over 8,000 residents from high-risk zones near the Sankosh in Alipurduar to safer ground. Chief Minister Suvendu Adhikari confirmed that…

19 Oct

Sanatan Raksha Sangathan Puts Up Posters in Hazratganj, Gomti Nagar and Kapurthala Areas

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With Dussehra and Diwali season, political rivalry has once again taken a heated turn in the capital city of Uttar Pradesh. On Sunday morning, a controversial hoarding was seen in various important and VIP areas of Lucknow city. Widespread sensation was created across the region after hoardings were put up featuring photos of Congress leader Rahul Gandhi, Samajwadi Party chief Akhilesh Yadav and several other national-international personalities in place of the ten heads of Lanka's King Ravan. At the very top of the circulated hoarding, it is written in big letters "Ravans Opposed to Sanatan Bharat". These posters have been…

27 Jun

Special Drive in Cachar: Two Arrested for Running Fake Clinics

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Cachar Police has taken a tough stance against fake medical practices and fraud being carried out in the name of treatment. As part of an ongoing special drive across the district, police arrested two alleged fake doctors on Friday. Based on two separate cases, Sonai and Silchar police apprehended the two accused. According to police, 53-year-old Biswajit Singh, a resident of Bantarapur under Kachudaram Police Station, was arrested in connection with a case registered at Sonai Police Station. In another case registered at Silchar Police Station, 26-year-old Bikram Singh, a resident of Manipur Basti in Tarapur, was also arrested. Cases…

11 Jun

Indian Banks Hike FCNR(B) Deposit Rates Up to 6% to Woo NRI Investors

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Leading Indian banks have aggressively hiked interest rates on Foreign Currency Non-Resident (Bank) [FCNR(B)] deposits by up to 310 basis points, capitalizing on recent regulatory relaxations to attract foreign currency inflows. The revised interest rates, which take effect today, June 11, see major private and public sector lenders offering yields as high as 6 percent on foreign deposits, primarily targeting a maturity bucket of three to five years. ICICI Bank and Axis Bank, the country's second and third-largest private sector lenders, have raised their rates by 310 and 305 basis points, respectively. Both institutions are now offering a uniform 6…

22 Jan

Indian Bank Q3 Net Profit Rises 7% to Rs 3,061 Cr, Asset Quality Improves

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Indian Bank posted a 7.3% year-on-year rise in net profit to Rs 3,061.48 crore for the December quarter, supported by stronger core income and improved asset quality. Net interest income grew 7.5% to Rs 6,895 crore, while provisions and contingencies fell to Rs 857.02 crore from Rs 1,059.13 crore a year ago. The lender reported sequential improvement in asset quality, with gross NPAs declining to 2.23% from 2.60% and net NPAs easing to 0.15% from 0.16%. Gross advances climbed 14.24% to Rs 6.39 lakh crore, while total deposits rose 12.62% to Rs 7.91 lakh crore. Domestic CASA ratio stood at…

05 Jan

Upcoming IPO: Hindustan Laboratories files DRHP with SEBI for an IPO

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Hindustan Laboratories has filed a DRHP with SEBI for its proposed IPO. The offer has a total issue size of up to 1,41,00,000 shares of face value of ₹10, comprising a fresh issue of up to 50,00,000 shares and an offer for sale (OFS) of up to 91,00,000 shares. Rajesh Vasantray Doshi is the promoter selling shareholder offloading up to 91,00,000 shares in the OFS. Meanwhile, the company intends to utilise the net proceeds from the fresh issue of shares towards funding the working capital requirements and general corporate purposes. As per the DRHP, Choice Capital Advisors Private Limited is the…

03 Jan

Fans mourn closure of cupcake vending machine company Sprinkles Cupcakes

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Sprinkles Cupcakes, a company famous for selling sweet treats in vending machines known as “cupcake ATMs,” has shut down after 20 years of operation around the United States, according to its former owner. “Even though I sold the company over a decade ago, I still have such a personal connection to it, and this isn’t how I thought the story would go,” said Candace Nelson, who started the company after she lost her job in 2005. The closure was announced Dec. 30. Nelson started Sprinkles Cupcakes in her own kitchen, and the first location was in a small Beverly Hills…

15 Dec

Bumper debut: Corona Remedies shares list at nearly 40% premium!

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Shares of Corona Remedies debuted on Dalal Street on Monday, December 14, following an exceptionally strong response to its initial public offering, which was subscribed 137 times during the December 8–10 bidding window. The stock listed at ₹1,470 per share, delivering a premium of ₹408, or about 38.4 percent, over its issue price of ₹1,062. After listing, the shares continued to trade at a premium of nearly 30 percent. While grey market trends had indicated strong demand, such premiums are only a sentiment indicator and can be volatile. Mahesh M. Ojha, Vice President–Research and Business Development at Kantilal Chhaganlal Securities,…

06 Dec

“Hard Work Wasted”: IndiGo Cancellations Leave Passengers In Tears

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Severe chaos unfolded at Ahmedabad’s Sardar Vallabhbhai Patel International Airport on Saturday as IndiGo’s nationwide operational crisis led to long queues, repeated cancellations and distressed passengers. The disruptions intensified even after the Directorate General of Civil Aviation (DGCA) temporarily suspended its Flight Duty Time Limitations (FDTL) order to ease the situation. Between midnight and 6 am, the airport saw seven arrivals and twelve departures cancelled, leaving travellers stranded with limited alternatives. Among those affected was Mahrishi Jani, who broke down while explaining that the cancellation cost his team their chance to participate in the Smart India Hackathon 2025. With no…

02 Dec

Rupee hits new record low of 89.92 against US Dollar

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The rupee slipped to 89.92 against the US dollar, breaching its previous record low of 89.7575 from December 1, and ending the day 0.3% weaker. Its decline accelerated on December 1 after the currency fell below 89.5 — a level the RBI had earlier defended — triggering stop-loss orders and prompting importers to rush into dollar purchases. The fall was particularly striking because it came despite India’s strong GDP numbers and in the absence of negative cues from Asian markets. Equity indices were down around 0.5%. VK Vijayakumar of Geojit Investments noted that persistent rupee weakness is discouraging foreign inflows…