LIVE: India will soon emerge as agriculture export hub, says PM Modi

Stay tuned for Latest LIVE news

5:51 PM

Saudi Arabia's PIF invests Rs 9,555 crore in Reliance Retail

Billionaire Mukesh Ambani-run Reliance Industries Ltd's retail arm on Thursday raised Rs 9,555 crore from Public Investment Fund (PIF) of Saudi Arabia, taking total fundraise in the last two months to Rs 47,265 crore. PIF will take a 2.04 per cent stake in Reliance Retail Ventures Ltd (RRVL), the Indian firm said in a statement.

 

The investment values RRVL, the retail arm of Reliance Industries Ltd, at a pre-money equity value of Rs 4.587 lakh crore.

 

This is second investment by the Saudi Arabian sovereign wealth fund in an Ambani firm. It had previously picked up 2.32 per cent stake in Jio Platforms, the digital and telecom arm of Reliance, for Rs 11,367 crore.

 

"This investment will further strengthen PIF's presence in India's dynamic economy and promising retail market segment," the statement said.

5:30 PM

AP govt seeks revival of SIT probe in Amaravati land case, SC issues notice

The Supreme Court on Thursday issued notice on an appeal filed by the Andhra Pradesh government challenging the stay granted by the Andhra Pradesh High Court into the Amaravati land acquisition.

 

A bench headed by Justice Ashok Bhushan and comprising Justices M R Shah and R Subhash Reddy issued notice on the plea seeking revival of the SIT probe and posted the matter for further hearing after four weeks.

 

Senior advocate Dushyant Dave, representing the Andhra Pradesh government, submitted before the bench that the High Court is also bound by the laws declared by the Supreme Court and it does not have extraordinary powers to pass any order it likes. He added that the High Court prohibited a probe and even registration of a case in this matter. Dave said "Can this be allowed? Is this how a High Court can function?" READ ON...

5:22 PM

PM Modi writes a letter addressing people of Bihar, says, 'I am convinced about the development of state'

4:33 PM

Sensex soars 724.02 points to end at 41,340.16; Nifty rallies 211.80 points to 12,120.30

4:21 PM

This is my last election, says Bihar CM Nitish Kumar during an election rally in Purnia

3:25 PM

Farm Laws: Kisaan Mazdoor Sangharsh Committee members protest at Amritsar-Delhi Highway

2:59 PM

India seeks expeditious extradition of Mallya, Nirav Modi from UK

Foreign Secretary Harsh Vardhan Shringla held talks with British Home Secretary Priti Patel in London during which he strongly underlined India's interest in the expeditious extradition of former Kingfisher Airlines chief Vijay Mallya, who has completed all the legal processes related to extradition from the UK, and fugitive diamond merchant Nirav Modi.

 

On the last leg of his three-nation Europe tour, Shringla visited London where he held discussions with several UK ministers and officials and during his interactions with Patel and UK Foreign Office Minister for South Asia, Lord Tariq Ahmad, on Tuesday, the issue of economic offenders being extradited to face the Indian judicial system was among the issues raised.

 

"We strongly underlined our interest in seeing the early, expeditious extradition of Vijay Mallya, who is an economic offender who has completed all extradition procedures in the UK. We would like him to return to India as soon as possible," said Shringla.

 

"Also, Nirav Modi. I raised this with both Lord Ahmad and the Home Secretary, and both took very careful note of our priority and sentiments in that regard," he said.

 

2:40 PM

Rupee settles 40 paise higher at 74.36 (provisional) against US dollar

2:29 PM

Punjab farmers block Delhi-Amritsar highway to protest farm laws

1:41 PM

Farm Laws: Kisan Mazdoor Sangharsh Committee blocks Amritsar-Delhi highway

1:17 PM

Loan moratorium case: RBI urges SC to lift order banning declaration of NPAs

The RBI Thursday urged the Supreme Court to lift its interim order, which held that accounts not declared as non-performing assets till August 31 this year are not to be declared NPAs till further orders, saying it is facing difficulty due to the directive.

 

In a relief to stressed borrowers who are facing hardships due to the impact of COVID-19 pandemic, the apex court had passed the interim order on September 3. Read on...

12:40 PM

CM Arvind Kejriwal says he along with his cabinet ministers will offer 'Lakshmi Puja' on Diwali; urges people to join them from their homes

12:07 PM

LIVE loan moratorium case: SC adjourns hearing in interest waiver to Nov 18

12:06 PM

Delhi air pollution: Urge people not to burst firecrackers, says Arvind Kejriwal

11:43 AM

Andhra Pradesh: Fire breaks out at Visakhapatnam Steel Plant