News updates: Adani Enterprises says it aims annual capex buildup of about $9 bn for FY25

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11:39 PM

Thousands affected by floods in Manipur

Thousands of people were affected by floods triggered by heavy rains in Manipur's Imphal Valley, officials said on Wednesday. The overflowing Imphal river inundated several areas, with water entering hundreds of houses, as a result, people took shelter at nearby community halls, they said.Flooding was reported from at least 86 areas in Imphal West district, including Khuman Lampak, Nagaram, Sagolband, Uripok, Keisamthong and Paona areas due to the overflowing Nambul river, they added.

11:19 PM

Several parts of Assam facing flood-like situation

According to Assam State Disaster Management Authority (ASDMA), 41000 people in 8 districts of Assam have been affected by floods and one person died, two others are missing. In Karimganj district, the flood waters submerged 66 villages and washed away portions of five embankments.

10:57 PM

Delhi breaches 8,300-MW first time ever as power demand soars amid heatwave

Delhi's peak power demand reached the all-time high of 8,302 MW on Wednesday afternoon as the city logged its highest-ever temperature of 52.3 degrees Celsius at the Mungeshpur weather station.

Officials said this is the first time in the city's history that the power demand has breached the 8300-MW mark and the mercury crossed 52 degrees Celsius.

10:46 PM

Adani Enterprises aims annual capex buildup of about $9 billion for FY25

Adani Enterprises says they envision an annual capex buildup of about $9 billion for financial year 2025, the company said in annual report.

9:54 PM

Former cop Sachin Waze moves HC, seeks release from jail in corruption case

Dismissed police officer Sachin Waze has filed a writ petition before the Bombay High Court seeking release from jail in a corruption case in which he turned approver in June 2022.

Former Maharashtra home minister Anil Deshmukh is an accused in the case, and currently out on bail. A division bench of Justices N R Borkar and Somasekhar Sundaresan on Wednesday issued a notice to the Central Bureau of Investigation which is probing the case and sought its response while scheduling the hearing for June 14.

8:55 PM

Delhi Congress urges Haryana to release more water amid heatwave

The Delhi Congress on Wednesday appealed to the Haryana government to release more water into Yamuna from the Tajewala barrage to help the national capital overcome the severe water shortage it is facing.

State party chief Devender Yadav said that due to the heat wave, the city has been experiencing a severe water shortage and agencies must join forces and work on a war footing to tide over the crisis.

7:49 PM

Western Railway restores services 24 hrs after goods train derail at Palghar

In a huge relief for passengers, the Western Railway on Wednesday evening restored train services at Palghar station near Mumbai where a goods train derailed a day before.

Seven wagons of the goods train carrying iron coils derailed at Palghar, located around 100 km from Mumbai, at 5.08 pm on Tuesday, affecting the traffic of Mumbai-bound trains coming from Gujarat, a railway spokesperson earlier said.

No casualties were reported.

7:33 PM

IMF revises China's GDP to 5% this year; Growth may decelerate to 3.3 per cent by 2029, Gita Gopinath

The IMF on Wednesday projected China's economic growth at 5 per cent, up from its earlier forecast of 4.6 per cent, but cautioned it of a slowdown to contract to 3.3 per cent by 2029 due to ageing and slower productivity growth and suggested to boost productivity to continue with economic reforms.

The 5 per cent growth revision by the International Monetary Fund (IMF) is in line with the target set by the Chinese government for the world's second-largest economy which is grappling with a slowdown triggered by the crippling property sector crisis and industrial overcapacity.

7:00 PM

Hoarding collapse: Court extends custody of advertising firm's director Bhinde till Thursday

A court here on Wednesday extended the police remand by one day of Bhavesh Bhinde, the director of an advertising firm which had installed a hoarding that collapsed in Mumbai's Ghatkopar area and claimed 17 lives. Bhinde, director of Ego Media Pvt Ltd, was arrested on May 16 from Udaipur in Rajasthan, three days after the illegal 120 ft x 120 ft hoarding crashed onto a petrol pump amid gusty winds and unseasonal rains in the city.

6:41 PM

Uttarakhand saw 54% decline in area under horticulture production in last six years: Study

Uttarakhand has witnessed a 54 per cent decline in the area under horticulture production in the last six years till 2023, research showed, partially attributing the change to global warming.

The decline in area under horticulture production also coincides with the declining yields of major fruit crops in the state.

6:01 PM

Railways land-for-job case: Court pulls up CBI for delay in filing "conclusive" charge sheet

A Delhi court on Wednesday pulled up the CBI for the delay in filing a "conclusive charge sheet" in the alleged land for job scam in the Indian Railways involving RJD chief Lalu Prasad and several of his family members.

Special Judge Vishal Gogne expressed displeasure over the CBI seeking more time "on every date" to file the charge sheet.

The judge directed the central probe agency to file the final report by June 7.

5:44 PM

India imports more silver in 4 months than in all of 2023

India's silver imports in the first four months of the year have already surpassed the total for all of 2023, on rising demand from the solar panel industry and as investors bet on an outperformance versus gold, government and industry officials told Reuters.

Increased imports by the world's biggest silver consumer could support global prices, which are trading near their highest level in more than a decade.

5:33 PM

Govt to enlist dairy, fishery co-operatives in rural banking outreach: Coop secy

The government is planning to launch a nationwide programme to rope in dairy and fishery cooperative societies as banking correspondents to expand financial services in rural areas, a top official said on Wednesday.

 

Ministry of Cooperation Secretary Ashish Kumar Bhutani said the programme would leverage the existing network of dairy and fishery cooperatives to act as "bank mitras" or banking agents by offering services such as micro-ATMs and lower-interest farm loans.

4:51 PM

News update: Rain In Delhi after temperature rises to record high of 52.3 degree Celsius

Hours after the national capital registered the country's highest-ever temperature at 52.3 degrees Celsius, Delhi received showers this afternoon, bringing relief from the excruciating heat.

4:47 PM

Karnataka sexual abuse case: Suspended JD(S) leader Prajwal Revanna files for anticipatory bail

Suspended JD(S) leader and Hassan MP Prajwal Revanna on Wednesday filed an anticipatory bail application in the sexual assault case at the Bengaluru sessions court.