5 Minutes Read

Indian Navy corners pirates and successfully rescues 17 crew onboard hijacked ship

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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Summary

INS Kolkata had carried out the interception of the Pirate Ship Ruen almost 1400 nm (2600km) from the Indian Coast, and forced the pirate ship to stop through calibrated actions

Indian Navy on Saturday, after a 40-hour long operation,  successfully rescued 17 sailors onboard MV Ruen, which was hijacked by Somali pirates.

“INSKolkata, in the last 40 hours, through concerted actions successfully cornered and coerced all 35 Pirates to surrender & ensured safe evacuation of 17 crew members in the evening today #16Mar 24 from the pirate vessel without any injury,” Indian Navy said on platform X.

“INSKolkata had carried out the interception of the Pirate Ship Ruen almost 1400 nm (2600km) from the Indian Coast, and forced the pirate ship to stop through calibrated actions which were augmented by #INSSubhadra, HALE RPA, P8I maritime patrol aircraft & #MARCOS PRAHARs air-dropped by C-17 aircraft,” it added.

 

The vessel has also been sanitised for the presence of illegal arms, ammunition and contraband, the navy said.

Earlier, the Navy said the pirates opened fire on the Indian warship, which took appropriate actions in self-defence as per international law to counter piracy and used minimal force to neutralise the pirates’ threat to shipping and seafarers.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

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Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

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KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

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index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95

Currency

Company Price Chng %Chng
Dollar-Rupee 73.3500 0.0000 0.00
Euro-Rupee 89.0980 0.0100 0.01
Pound-Rupee 103.6360 -0.0750 -0.07
Rupee-100 Yen 0.6734 -0.0003 -0.05
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Lok Sabha Election 2024 in Karnataka: Check polling dates in each constituency

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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Summary

Karnataka will go to polls in two stages- on April 26 and May 7. Nearly 970 million people are eligible to cast their votes in the upcoming polls at over 1.2 million polling stations

The Election Commission of India (ECI) declared the poll dates for the coming Lok Sabha elections on Saturday. It will be held in seven phases starting April 19. The results will be declared on June 4.

ALSO READ | Lok Sabha Election 2024 in West Bengal: Polling dates in each constituency and candidate list

Karnataka will go to polls in two stages- on April 26 and May 7. Nearly 970 million people are eligible to cast their votes in the upcoming polls at over 1.2 million polling stations. Polling will be held in seven stages in West Bengal and three states.

Constituencies going to polls
April 26 Udupi Chikmagalur, Hassan,Dakshina Kannada,  Chitradurga, Tumkur, Mandya, Mysore, Chamarajanagar,Bangalore Rural, Bangalore North, Bangalore Central, Bangalore South, Chikkballapur, Kolar
May 7 Chikkodi, Belgaum, Bagalkot, Bijapur, Gulbarga, Raichur, Bidar, Koppal,Bellary, Haveri, Dharwad, Uthaara Kannada, Davanagere,Shimog

 

In the 2019 Lok Sabha polls,  the BJP got 25 seats, and the NDA alliance bagged 26 in total. The Congress-JD alliance got two seats.

In Karnataka, after being ousted from power by the Congress in the 2023 Assembly polls, the BJP now is making a strong bid to regain the lost ground.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

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Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

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KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

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today's market

index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95

Currency

Company Price Chng %Chng
Dollar-Rupee 73.3500 0.0000 0.00
Euro-Rupee 89.0980 0.0100 0.01
Pound-Rupee 103.6360 -0.0750 -0.07
Rupee-100 Yen 0.6734 -0.0003 -0.05
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Odisha Assembly Elections 2024: First phase of voting on May 25, check result date

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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Summary

Odisha Assembly Elections 2024: The state may see a triangular contest between Naveen Patnaik’s BJD, BJP and Congress. And then it may not, as there’s a buzz about a BJD-BJP alliance, with no one confirming anything. Read on for the key factors in this important state election.

The Election Commission on Saturday, March 16, announced that Odisha will go to polls on  for the state Assembly on May 13, May 20, May 25 and June 1.

The result will be declared on June 4. The elections will be held for the 147-member legislative assembly.

In 2019, the Biju Janata Dal (BJD), led by incumbent Chief Minister Naveen Patnaik, returned to power with a landslide victory by winning 112 out of total 147 seats.

Here’s a look at key factors as Odisha gears up for the upcoming Assembly elections 2024.  

Total seats and majority mark to form government

Political parties will be contesting for a total of 147 seats. A party needs to win 74 seats to get a majority and form the government.

2019 Odisha Assembly election results

In the 2019 Odisha Legislative elections, BJD won 112 seats while Bharatiya Janata Party (BJP) came second with 23 seats. Congress won only nine seats while Communist Party of India (Marxist) and an Independent candidate won one seat each.

Naveen Patnaik 

BJD supremo Naveen Patnaik is the current chief minister of Odisha. He has become the second longest-serving CM of any Indian state after former Sikkim CM Pawan Kumar Chamling, who remained in power for 25 years.

Naveen Patnaik has been holding the post of CM for the last 24 years ever since he took over office on March 5, 2000.

In 2019 election, he won from both Hinjili and Bijepur constituencies and later vacated the Bijepur seat.

Key political battle in Odisha

The state has been witnessing a triangular fight among the ruling BJD, Opposition BJP and Congress, which has been pushed to third position after the 2019 elections.

In 2024 too, a direct fight among these three political parties is expected though there is high speculation over a BJD-BJP alliance. However, both the parties have not yet formally announced any pre-poll alliance. On the other hand, the Congress, which is out of power since 2000 in the state, is gearing up to oust the Naveen Patnaik government.

Voter turnout in 2019

In 2019, the overall voter turnout in the state was 73.2%, while the total electorate size was more than 2.37 crore.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

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Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

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KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

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index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95

Currency

Company Price Chng %Chng
Dollar-Rupee 73.3500 0.0000 0.00
Euro-Rupee 89.0980 0.0100 0.01
Pound-Rupee 103.6360 -0.0750 -0.07
Rupee-100 Yen 0.6734 -0.0003 -0.05
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Retired bureaucrat Navneet Kumar Sehgal appointed as new Prasar Bharati chairman

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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Summary

Sehgal takes over from A Surya Prakash, who reached the mandatory retirement age of 70 in February 2020.

Navneet Kumar Sehgal, a retired bureaucrat, has been appointed as the new Chairman of Prasar Bharati, filling a position that had been vacant for four years.

Sehgal takes over from A Surya Prakash, who reached the mandatory retirement age of 70 in February 2020.

The appointment comes as per an order dated March 15, 2024, issued by the Ministry of Information and Broadcasting. Sehgal’s term will last for three years or until he reaches the age of seventy, whichever comes earlier.

The selection process was chaired by Vice President Jagdeep Dhankhar, who also serves as the Chairman of the Rajya Sabha and heads the selection panel for the Prasar Bharati chairman.

The panel, which includes the Chairperson of the Press Council of India and a nominee of the President, convened for the meeting. Attendees included Press Council of India Chairperson Justice Ranjana Desai (retd) and Information and Broadcasting Secretary Sanjay Jaju.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

 Daily Newsletter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

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today's market

index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95

Currency

Company Price Chng %Chng
Dollar-Rupee 73.3500 0.0000 0.00
Euro-Rupee 89.0980 0.0100 0.01
Pound-Rupee 103.6360 -0.0750 -0.07
Rupee-100 Yen 0.6734 -0.0003 -0.05
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Own Silent International shifts focus from luxury car tuning

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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Summary

Own Silent International LLC is headquartered in Lewes, Delaware, and operations managed through Own Silent International Limited in Hong Kong.

Own Silent International LLC, a luxury car tuning parts and accessories manufacturer, has shifted its focus from luxury car tuning to launch an upgraded version for the Land Rover Defender.

The spotlight of this transformation is on the UAE market, diverging from the prevailing market trend that predominantly emphasises budget-friendly body parts for the Defender, Own Silent International LLC said.

Own Silent International LLC is headquartered in Lewes, Delaware, and operations managed through Own Silent International Limited in Hong Kong.

“The centrepiece of the company’s innovation is 11.4-inch display upgrade for the land rover defender. This significantly larger display than the factory-installed one promises to enhance the vehicle’s interior aesthetics and user experience, ” said the Own Silent platform.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

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KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

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today's market

index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95

Currency

Company Price Chng %Chng
Dollar-Rupee 73.3500 0.0000 0.00
Euro-Rupee 89.0980 0.0100 0.01
Pound-Rupee 103.6360 -0.0750 -0.07
Rupee-100 Yen 0.6734 -0.0003 -0.05
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Vedanta Aluminium launches third phase of ‘Project Panchhi’ in Odisha

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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Summary

Project Panchhi’ is Vedanta’s corporate recruitment drive conceptualised under the leadership of Vedanta’s Chairman, Anil Agarwal.

Vedanta Aluminium, India’s largest producer of aluminium, has launched its third phase of ‘Project Panchhi’ in Jharsuguda, Odisha. As part of this, 45 young girls have been identified for recruitment.

Speaking on the occasion, Sunil Gupta, COO, Vedanta Aluminium, said, “We believe in empowering the youth, particularly young girls, to overcome obstacles and achieve their aspirations.”

Project Panchhi’ is Vedanta’s corporate recruitment drive conceptualised under the leadership of Vedanta’s Chairman, Anil Agarwal.

It aims to employ 1,000 girls from economically backward communities, across its diverse businesses in metals, mining, oil and gas situated pan-India.

The target demography of this drive is girls from lower income families who are likely to opt out of pursuing further studies and a fulfilling career, owing to financial and social constraints.

Till date, the initiative has identified and selected more than 200 girls, many of whom are first-generation learners overcoming significant odds to reach the final stages of their schooling.

Once selected, these promising individuals will receive sponsorship for their higher education in renowned national institutions.

Post completion of their graduation, the job offers will get formalised and these girls will then join Vedanta’s operations as graduate trainees in core operations.

Previously, the programme has been conducted at Vedanta Aluminium’s operations in Korba in Chhattisgarh and in Lanjigarh and Sundargarh in Odisha.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

 Daily Newsletter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

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Oil Fluctuates as Traders Assess China’s Vow, Unrest in Libya

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today's market

index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95

Currency

Company Price Chng %Chng
Dollar-Rupee 73.3500 0.0000 0.00
Euro-Rupee 89.0980 0.0100 0.01
Pound-Rupee 103.6360 -0.0750 -0.07
Rupee-100 Yen 0.6734 -0.0003 -0.05
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Aditya L1, ISRO’s solar mission, to enter final orbit today: Here are key things to know

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

 Listen to the Article (6 Minutes)

Summary

Aditya-L1 marks ISRO’s inaugural solar mission, aimed at studying the Sun. This mission is a significant step forward in India’s space exploration endeavors.

Aditya L1, India’s maiden mission to study the Sun, is inching closer to its destination and will be injected into its final orbit on Saturday evening (January 6). ISRO will perform the final manoeuvre to inject the spacecraft — the first space-based Indian observatory to study the Sun — into its final destination orbit, some 1.5 million kilometres from the Earth.

According to ISRO officials, the spacecraft will be placed in a halo orbit around Lagrange point 1 (L1) of the Sun-Earth system.

The L1 point is about 1% of the total distance between the Earth and the Sun.

Here are key things to know about Aditya-L1 mission:

  • Launched in September of the previous year, the spacecraft has completed four earth-bound maneuvers and a significant Trans-Lagrangean Point 1 Insertion (TL1I) maneuver, marking critical milestones in its journey.
  • Positioned around 1.5 million kilometers from Earth, Lagrange Point 1 is a unique location in space where the gravitational forces between the Sun and Earth are in a delicate equilibrium. This point represents merely 1% of the entire distance between these celestial bodies.
  • Following the successful landing of Chandrayaan-3 near the Moon’s South Pole, India’s esteemed space agency, ISRO, embarked on its maiden solar mission, Aditya-L1, launching it from the Satish Dhawan Space Centre in Sriharikota.
  • Aditya-L1 marks ISRO’s inaugural solar mission, aimed at studying the Sun. This mission is a significant step forward in India’s space exploration endeavors.
  • The Aditya-L1 mission commenced from the Satish Dhawan Space Centre in Sriharikota, a renowned spaceport from which various missions, including Chandrayaan missions.
  • The Aditya L1 spacecraft will observe the photosphere, the chromosphere, and the corona of Sun. Photosphere is the visible surface of the Sun, while chromosphere is an irregular layer above the photosphere. Corona is the Sun’s outer atmosphere.
  • The spacecraft carries seven payloads to observe the photosphere, chromosphere, and the corona using electromagnetic particle and magnetic field detectors.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

 Daily Newsletter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Previous Article

Oil Fluctuates as Traders Assess China’s Vow, Unrest in Libya

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today's market

index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95

Currency

Company Price Chng %Chng
Dollar-Rupee 73.3500 0.0000 0.00
Euro-Rupee 89.0980 0.0100 0.01
Pound-Rupee 103.6360 -0.0750 -0.07
Rupee-100 Yen 0.6734 -0.0003 -0.05
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Bank of Maharashtra reduces home loan rate by 15 bps

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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Summary

On the back of the news, shares of BoM closed 4.20% higher at ₹47.35 each on BSE.

Bank of Maharashtra (BoM) on Wednesday, January 3, reduced its home loan rate by 15 basis points to 8.35%. The lender has also waived off processing fees on home loans.

On the back of the news, shares of BoM closed 4.20% higher at ₹47.35 each on BSE.

The development came days after RBI Governor Shaktikanta Das-led monetary policy committee (MPC) kept the repo rate unchanged for the fifth time at 6.5%.

However, the central bank earlier implemented six consecutive rate hikes, totalling 250 basis points, until the pause in April.

In a separate development, the Bank of Maharashtra’s total business reached ₹4.35 lakh crore in third quarter of FY24, marking a 19% increase compared to the year-ago period.

Total deposits for the quarter stood at ₹2.46 lakh crore, reflecting an 18% year-on-year (YoY) rise from ₹2.08 lakh crore, the bank said in a regulatory filing.

While the CASA (current account savings account) percentage dipped slightly from 52.50% to 50.19% YoY, the bank maintained a healthy CASA deposit of ₹1.23 lakh crore in Q3, showing a 12.70% growth from ₹1.09 lakh crore in the corresponding period in the last fiscal.

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KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

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index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95

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