In Chennai, Chief Minister M K Stalin has praised former minister V Senthil Balaji upon his release from 471 days in prison, calling his sacrifice and determination commendable. Stalin expressed concerns about political tensions, alleging misuse of the Enforcement Directorate to target opponents. Balaji, who thanked the chief minister and his son Udhayanidhi, claimed that ...
 "SBI Mutual Fund aggressively increases its stake in KPR Mill, a bold move amidst fluctuating market dynamics and profit shifts.")
On September 25, 2024, SBI Mutual Fund increased its stake in KPR Mill from 4.89% to 7.74% by acquiring an additional 2.85% for over Rs 900 crore. This purchase involved 9.735 million shares at an average price of Rs 925 each. Meanwhile, KP Ramasamy, a promoter of KPR Mill, sold 10.5 million shares, reducing his ...
 "In a dramatic move, the US plans to ban Chinese and Russian vehicle technology, citing cybersecurity risks and protectionism.")
The US Commerce Department plans to announce new rules banning Chinese and Russian software and hardware in connected vehicles, aimed at enhancing cybersecurity. This move follows concerns about hacking risks associated with smart cars, which rely on internet connectivity. The proposed restrictions, stemming from a cybersecurity investigation launched by President Biden, focus on automated driving ...
West Bengal Chief Minister Mamata Banerjee has disbanded the Rugi Kalyan Samitis, the patient welfare associations in state-run hospitals, following protests by junior doctors. These Samitis, which were originally established for approving healthcare decisions, featured representatives from various governmental bodies. During a surprise visit to the protesting doctors, Mamata, who also oversees health, urged them ...
The Odisha government, under Chief Minister Mohan Majhi, has ended the widespread rehiring of retired employees that was common in the previous Biju Janata Dal administration. A new guideline limits rehiring to just 1% of the approved staff for senior positions and requires departments to justify the need for each rehiring. This change comes after ...
India plans to deploy 5,000 cyber commandos within five years, as announced by Union Home Minister Amit Shah. These specially trained officers will quickly respond to cyber threats and implement preventive measures to enhance national cybersecurity. Shah emphasized that safeguarding the digital landscape is crucial for the country’s growth. During the launch of the Indian ...
 "In a historic move, Satish Kumar becomes the first Dalit chairman of the Railway Board, surprising many with his appointment.")
In a groundbreaking move, the Indian Ministry of Railways has appointed Satish Kumar as the new chairman of the Railway Board, marking a significant milestone as he becomes the first Dalit to hold this prestigious position. This historic appointment comes just a year after Jaya Varma Sinha made headlines as the first woman to lead ...
 "Star Health Ventures International: A Bold Move for Global Reinsurance")
Star Health and Allied Insurance aims to enhance its international presence by collaborating with insurers in Africa and West Asia for inward reinsurance opportunities through GIFT City, as announced by MD and CEO Anand Roy. With approval to set up an international office at GIFT City, Star Health plans to offer reinsurance and concierge claim ...
 "India’s Bold Move: Finance Minister Eases Expenditure Caps for Economic Growth")
The Finance Ministry has announced relaxed spending norms for capital expenditures over Rs 500 crore, aiming to boost this fiscal year’s capital expenditure, which is set at an ambitious Rs 11.11 trillion. This decision comes as government spending slowed down during the recent general elections. Finance Minister Nirmala Sitharaman proposed an 11.1% increase in capital ...
 "Mankind Pharma’s Bold Move: Financing Rs 13,630 Crore Acquisition Amidst Debt")
Mankind Pharma, India’s fourth-largest pharmaceutical company, plans to raise over Rs 9,000 crore through non-convertible debentures and short-term commercial paper to fund its Rs 13,630 crore acquisition of Bharat Serums and Vaccines Ltd. The company expects an average borrowing cost of about 8.5 percent. This acquisition will significantly enhance Mankind’s position in the gynaecology-fertility Market, ...
