Live: Vinai Kumar Saxena named LG of Delhi after Anil Baijal's resignation

LIVE news updates: Vinai Kumar Saxena will be the new Lieutenant Governor of Delhi.

8:53 PM

Vinai Kumar Saxena is new LG of Delhi

Vinai Kumar Saxena will be the new Lieutenant Governor of Delhi. "The President of India has been pleased to appoint Shri Vinai Kumar Saxena to be the Lt Governor of National Capital Territory of Delhi with effect from the date he assumes charge of his office," read a press communique from the President's office.

 

 

 

8:08 PM

'Ashamed of my country': Russian diplomat to UN resigns over Ukraine war

A veteran Russian diplomat to the UN Office at Geneva says he handed in his resignation before sending out a scathing letter to foreign colleagues inveighing against the “aggressive war unleashed” by President Vladimir Putin in Ukraine.  Boris Bondarev, 41, confirmed his resignation in a letter delivered Monday morning at the Russian diplomatic mission after a diplomatic official passed on his English-language statement to The Associated Press.

6:39 PM

Investcorp plans $400 mn for Indian school infrastructure, warehousing

Investcorp will deploy $400 million into Indian school infrastructure and warehousing, as it seeks to expand investments in the South Asian nation, its Co-Chief Executive told Reuters on Monday. Bahrain-based Investcorp has already invested $500 million in 13 companies in India, including online retailer FreshToHome and ASG Eye Hospitals. It also has a $400 million fund for private equity investments in India, which says it has the world's fastest growing startup ecosystem.

5:36 PM

Ukraine says 87 killed in strike on barracks

Kyiv ackowledged its worst military losses from a single attack of the Ukraine war on Monday, saying 87 people had been killed last week when Russian forces struck a barracks housing troops at a training base in the north.

4:47 PM

India's relationship with Japan is of spirituality, of cooperation: PM Modi

India's relationship with Japan is of spirituality, of cooperation, of belonging, says PM Narendra Modi in Tokyo. "World needs to follow path shown by Buddha to save humanity from challenges like violence, anarchy, terrorism, climate change.”

4:38 PM

Japan's role in India's development important, says Modi in Tokyo

4:24 PM

Karnataka HC extends stay on ED order seizing Xiaomi India assets

The Karnataka High Court on Monday extended till June 1 the stay on the Enforcement Directorate's (ED) order of freezing Rs 5,551 crore in the bank accounts of Xiaomi India, PTI reported about the Chinese technology company. The ED froze Xiaomi's accounts on April 29 alleging that it has violated the Foreign Exchange Management Act (FEMA) by illegally transferring money abroad to three companies under the guise of royalty payments. In an interim order on May 5, a vacation bench of the High Court stayed this order.

4:15 PM

All-party meet on caste census likely this week: Nitish

Bihar Chief Minister Nitish Kumar said on Monday a meeting of political parties on conducting a census of castes could be held later this week, PTI reported. "Many parties have agreed to the date. But we must have consent of all parties for holding the meeting on any particular date", he said when journalists asked him about reports that the meeting has been called on May 27.

3:40 PM

UN refugee agency: Number of displaced tops 100 million

The number of people forced to flee conflict, violence, human rights violations and persecution has crossed the milestone of 100 million for the first time on record, propelled by the war in Ukraine and other deadly conflicts, the UN refugee agency said Monday.

3:39 PM

Ukraine court jails Russian soldier for life in war crimes trial

A Ukrainian court sentenced a Russian soldier to life in prison on Monday for killing an unarmed civilian in the first war crimes trial arising from Russia's Feb. 24 invasion. Vadim Shishimarin, a 21-year-old tank commander, had pleaded guilty to killing 62-year-old Oleksandr Shelipov in the northeastern Ukrainian village of Chupakhivka on Feb. 28 after being ordered to shoot him.

2:54 PM

Gyanvapi row: Hearing complete, court reserves decision until tomorrow

Hearing of the arguments complete in Gyanvapi Mosque case, reports ANI. The Varanasi court has reserved the decision until tomorrow. 

2:36 PM

Plantiffs refer to 1936' British govt stand in Gyanvapi mosque case

Hindu women plaintiffs who have filed a civil suit before Varanasi court seeking declaration and asserting the right to Darshan and worship Hindu deities whose idols are located on an outer wall of the Gyanvapi mosque in Varanasi has referred to stand taken by the British government in a 1936 suit seeking it to be declared as Waqf property.

In an affidavit filed through advocate Vishnu Shankar Jain, three of the five women devotees said that in 1936 one Deen Mohammed has filed a civil suit without impleading any member of the Hindu community but impleading only the Secretary of State for India through District Magistrate, Benares and Anjuman Intajamia Masajid, Benares for granting declaration that the land bearing situated in the city measuring (1 Bigha 9 Biswa and 6 Dhurs) together with enclosure all-around described in the plaint was Waqf in possession of that plaintiff (Mohammed).

2:20 PM

Oil prices at $110/barrel pose 'bigger threats' than inflation: Hardeep Puri

Oil minister Hardeep Singh Puri said oil prices staying at $110/barrel could pose bigger threats than inflation to the global economy.

"If oil prices remain at $110 (per barrel) you are not just talking about inflation, then you're talking about bigger threats. You know, that's where the R (recession) word comes in," Puri told CNBC TV18 in an interview at Davos.

2:14 PM

Jet Airways hires senior executives as airline prepares for launch

The Kalrock-Jalan consortium, which is reviving the grounded airline Jet Airways on Monday announced the appointment of senior executives in charge of engineering, inflight product and services, sales and digital. 

The new recruits include Prabh Sharan Singh (Chief Digital Officer), HR Jagganath (Vice President - Engineering), Mark Turner (Vice President - Inflight Products and Services) and Vishesh Khanna (Vice President-Sales, Distribution and Customer Engagement).

1:46 PM

Mahindra & Mahindra to explore partnership options for EV parts

India's Mahindra and Mahindra will explore sourcing more components from other companies to boost its electric vehicle (EV) portfolio, its chief executive told Reuters. 

Anish Shah said Mahindra had over time focussed on developing EV components in-house, but now changed tack to forge partnerships to achieve faster growth in the segment.

"The world is moving towards a lot more partnerships. It's better to source the best that's out there, rather than do everything ourselves," Shah said in an interview at the World Economic Forum summit at Davos.