LIVE: SBI likely to raise $2 bn via offshore funds, board to meet on Apr18

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tate Bank of India, the country's largest lender, said on Monday it will consider raising $2 billion via offshore bonds.

Election Commission has now granted national party status to Aam Aadmi Party, led by Delhi Chief Minister Arvind Kejriwal.

US President Joe Biden said on Monday he plans to run for president in 2024 but was not prepared to announce it yet. "I plan on running ... but we're not prepared to announce it yet," Biden said in an interview with NBC's "Today" show before the White House Easter Egg Roll.

India's fuel consumption, a proxy for oil demand, climbed by 5% year on year in March to about 20.50 million tonnes, data from the Petroleum Planning and Analysis Cell (PPAC) of the oil ministry showed on Monday. Sales of gasoline, or petrol, rose 6.8% to 3.1 million tonnes. Cooking gas, or liquefied petroleum gas (LPG), sales decreased 2.7% to 2.41 million tonnes.

 

11:09 PM

India's March fuel demand soars to record high on robust economic activity

India's fuel consumption jumped to a record high in March, data showed on Monday, fuelled by robust economic activity in the world's third biggest oil consumer.

Consumption of fuel, a proxy for oil demand, rose by 5% from a year earlier to 4.83 million barrels per day (20.5 million tonnes), the highest recorded in data going back to 1998 from the Indian Oil Ministry's Petroleum Planning and Analysis Cell.

10:49 PM

Have signatures of over 1 mn Delhiites against arrest of Manish Sisodia, Satyendar Jain: AAP

The Aam Aadmi Party on Monday claimed to have collected signatures of more than 10 lakh Delhiites against the arrests of its leaders Manish Sisodia and Satyendar Jain.

The signatures were collected during a door-to-door campaign launched by AAP on March 13 across Delhi to demand justice for the release of its senior leaders lodged in jail.

Party's state convener Gopal Rai said now a letter will be sent to Prime Minister Narendra Modi to mark the protest.

10:29 PM

TMC may challenge EC's decision of withdrawing national party status

TMC is exploring legal options to challenge EC's decision of withdrawing national party statu, says a report.

10:21 PM

Indian tradition has always been environment-friendly, says Adityanath

Uttar Pradesh Chief Minister Yogi Adityanath on Monday said Indian tradition has always been environment-friendly, asserting that there is "no need to tell what a son's duty towards his mother is".

"Development is necessary today, but we also have responsibilities towards the environment and nature, which cannot be ignored. Today, we all are facing the negative consequences of over exploitation of nature by mankind for its own selfish interests," Adityanath said on Monday, while inaugurating the two-day National Climate Conclave-2023 here jointly with Union environment minister Bhupender Yadav.

10:05 PM

Notification on upcoming Delhi mayoral poll to be issued on April 12: Report

Notification on the upcoming Delhi mayoral poll is expected to be issued on April 12, official sources said on Monday.

After the notification is issued, the nomination process is likely to end on April 18, and the mayoral poll is expected to be held on April 26, they said.

Incumbent Shelly Oberoi will continue to hold charge of the top post till a new mayor is elected, official sources had said on April 3.

The fresh mayoral poll in Delhi is likely to be held late April, officials had said.

9:51 PM

PM Modi to flag off Rajasthan's first Vande Bharat Express on April 12

Prime Minister Narendra Modi will on Wednesday flag off Rajasthan's first Vande Bharat Express, which will run on the Ajmer-Delhi Cantonment route, via videoconference.

The train will complete the journey an hour earlier than the present fastest train running on the route, a release stated.

Modi will flag off the train at 11 am on Wednesday via video conferencing, the Prime Minister's Office said in a statement.

9:01 PM

Cipla inks licensing with Novartis to manufacture, mkt diabetes drug

Drug major Cipla on Monday said it has inked a licensing pact with Novartis Pharma AG to manufacture and market Galvus range, used in the treatment of type 2 diabetes, from January 1, 2026.

 

The Mumbai-based company has signed a perpetual license agreement with Novartis Pharma AG (Switzerland) to manufacture and market Galvus and Galvus combination brands, it said in a regulatory filing.

8:52 PM

India's top lender SBI to consider raising $2 bln via offshore bonds

 State Bank of India, the country's largest lender, said on Monday it will consider raising $2 billion via offshore bonds.
 

The board will meet on April 18 to consider the fund raising, through a public offer or private placement of senior unsecured notes in U.S. dollar or any other convertible foreign currency during the financial Year 2023-24, the bank said in an exchange filing.

7:54 PM

Election Commission withdraws national party status of Trinamool Congress

Election Commission withdraws national party status of Trinamool Congress

 

7:29 PM

Delhi's Mayor, Deputy Mayor election to be held on April 26

The election for the post of Mayor and Deputy Mayor of Delhi will be held on April 26. Nominations will be filled from April 12 to April 18. The tenure of Mayor Shelly Oberoi and Deputy Mayor Aaley Mohammad Iqbal ended on March 31, 2023.

6:15 PM

SC to hear plea on border pact between Meghalaya and Assam in July

The Supreme Court on Monday posted for hearing in July, a plea of the Meghalaya government challenging the High Court's order which had to put a stay on Memorandum of Understanding between Meghalaya and Assam to resolve the long-standing interstate boundary dispute between the States.

5:57 PM

LIVE: Face masks mandatory in Mumbai civic hospitals as Covid cases rise

Covid-19: Face masks mandatory in Mumbai civic hospitals for employees, patients and visitors: BMC

 

 

4:50 PM

US, India hold military exercise at Arjan Singh Air Force Stations

Exercise Cope India 23, a bilateral Air Exercise between the Indian Air Force (IAF) and the United States Air Force (USAF) is being held at Air Force Stations Arjan Singh (Panagarh), Kalaikunda and Agra. The exercise aims to enhance mutual understanding between the two Air Forces and share their best practices.

4:05 PM

India denies reports of halting trade talks with UK over London High Commission attack

India dismissed as "baseless" reports in British media stating that it had halted talks for free trade agreement with United Kingdom over the attack on Indian High Commission in London last month, government sources said on Monday.

4:05 PM

India denies reports of halting trade talks with UK over London High Commission attack

India dismissed as "baseless" reports in British media stating that it had halted talks for free trade agreement with United Kingdom over the attack on Indian High Commission in London last month, government sources said on Monday.