CASES IN KERALA JUMPS TO 19
HCL Tech’s weak Q1 revenue hints at demand concerns
HCL Tech's Q1 FY25 results were mixed, with better-than-expected net profit due to higher other income offsetting disappointing revenue growth. Operating margins were under pressure as anticipated, and the company secured fewer new deals compared to the previous quarter, a trend also seen in its larger competitor, TCS.
JPMorgan Q2 Results: Profit jumps 25% to record, fuelled by investment banking
A surge in debt and equity offerings, alongside increased takeover deals, fueled by growing confidence in the U.S. economy, has significantly boosted Wall Street banks' income. Investment banking revenue alone jumped 46% to $2.5 billion, surpassing earlier forecasts.
BMW hit and run case: Accused Mihir Shah arrested after 3 days
Mumbai Police arrested 24-year-old Mihir Shah in connection with a BMW hit-and-run incident that killed a 45-year-old woman. Shah had been evading arrest, prompting the police to form six teams and issue a lookout notice. Investigations revealed Shah had visited a pub in Juhu before the incident, and statements from his friends have been taken. Maharashtra Chief Minister Eknath Shinde expressed concern over rising hit-and-run cases and vowed zero tolerance for misuse of influence.
Mumbai hit-and-run case: Several calls made to accused by his father after incident, says police
Rajesh Shah, the father of Mihir Shah, made several calls to his son after Mihir was involved in a hit-and-run incident in Worli, resulting in the death of 45-year-old Kaveri Nakhwa. Prior to the accident, Mihir had been partying with friends at a pub in Juhu. The Mumbai Police have formed 14 teams to locate Mihir, who is currently missing, and have issued a lookout notice for him. Maharashtra Chief Minister Eknath Shinde has expressed concern over the rise in hit-and-run incidents and stated that misuse of power by the influential will not be tolerated.
Mumbai BMW accident: Law equal for all, no one will be spared, says CM Eknath Shinde
Asked if the man involved in the Mumbai accident was a Shiv Sena leader's son, the CM said, "The law is equal for all and the government sees every case in the same way. There will be no separate rule for this accident. Everything will be done as per the law."
Federal Bank leads in credit expansion among Kerala-based lenders
Federal Bank led in gross loan expansion with a 20% year-on-year increase to Rs 2.24 lakh crore by June's end. Meanwhile, CSB Bank recorded the highest deposit growth among Kerala-based lenders, marking a 22.4% rise to Rs 29,920 crore. Other banks like South Indian Bank also saw notable loan portfolio growth, with CSB Bank reporting a 17.8% increase to Rs 25,099 crore and South Indian Bank reaching Rs 82,510 crore, up 11.4%.
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Federal Bank leads in loan expansion among Kerala banks in Q1
Federal Bank reported a 20% year-on-year rise in gross loan portfolio to Rs 2.24 lakh crore at the end of June. Fairfax-backed CSB Bank clocked a 17.8% rise in gross loans to Rs 25,099 crore while South India Bank's loan portfolio rose 11.4% to Rs 82,510 crore.
Kuwait fire: Kerala govt to provide Rs 5 lakh assistance to kin of those from state who died
The Kerala government announced a Rs 5 lakh financial aid to the families of the 19 individuals from the state who lost their lives in the Kuwait fire tragedy, where 49 people perished and 50 sustained injuries. Additionally, Rs one lakh assistance will be given to the injured. Health Minister Veena George will be dispatched to Kuwait to oversee treatment for the injured and repatriation of the deceased.
Fight breaks out in Thrissur DCC office over Muraleedharan's defeat in LS polls, case registered
BJP's Thrissur victory led to a conflict at Congress DCC office over K Muraleedharan's defeat, involving Jose Vallur, Sajeevan Kuriachira, and T N Prathapan.
Creditors' haircuts in bankruptcy cases jump to 73 pc in FY24, resolutions taking longer: Report
Creditors' haircuts in bankruptcy resolutions rose to 73% in FY24 from 64% in FY23. 269 resolution plans were approved by NCLTs, with a decline in new admissions due to Covid-19. The average resolution time also increased, impacting CIRPs and entities. NCLT passed liquidation orders for 446 corporate debtors in FY24.
923 cases of Covid sub-variant JN.1 reported from 15 states: INSACOG
Telangana and Rajasthan have recorded 32 JN.1 cases each, Chhattisgarh has recorded 25, Tamil Nadu 22, Delhi 16, Haryana five, Odisha three, West Bengal two and Uttarakhand one.
JN.1 variant in India: Mapping the order of COVID-19 symptoms
The latest data from the Union Health Ministry indicates that there are now 682 reported cases of COVID caused by the JN.1 variant in 12 states across India. Notable numbers are reported in states like Karnataka, Kerala, and Maharashtra.
India reports 774 fresh cases of COVID-19
India has reported fresh 774 COVID-19 cases while the number of active cases stands at 4,187, the Union health ministry said on Saturday. The number of people who have recuperated from the disease stands at over 4.4 crore with a national recovery rate of 98.81 per cent, according to the ministry's website. According to the website, 220.67 crore doses of COVID-19 vaccines have been administered so far in the country.
COVID-19: 32 fresh cases reported in Greater Mumbai area
The total number of active cases is 148, with no detection of the JN.1 variant. It's noted that 51% of these cases are asymptomatic, and the symptomatic cases present mild symptoms and recover within a few days, the health department said.
India records 412 fresh COVID-19 cases
India has recorded 412 fresh cases of COVID-19, while the number of active cases of the infection has gone up to 4,170, the health ministry said on Tuesday. The death toll due to the viral disease was recorded at 5,33,337 with three new fatalities reported from Karnataka in a span of 24 hours, according to the ministry's data updated at 8 am.
COVID-19: India records biggest single-day jump in cases in 7 months
On Saturday, according to the latest update from the Union Health Ministry, India witnessed a surge of 752 new coronavirus infections in a single day, marking the highest since May 21, 2023. The total number of active cases has now risen to 3,420. The death toll stands at 5,33,332, with four new fatalities reported in the past 24 hours. Among these, two deaths occurred in Kerala, while Rajasthan and Karnataka each recorded one death.
Kerala records 265 new COVID-19 cases, one death
Kerala tops with the highest number of COVID-19 cases being reported in the last 24 hours. The Health Minister of Kerala has assured that rising cases in the state are not alarming as the hospitals are equipped with necessary supplies to manage infections. The state reported 300 new COVID-19 infections and three deaths due to the disease on Thursday.
300 fresh COVID-19 cases, three deaths in Kerala
The number of people who were cured, discharged or migrated in the last 24 hours after being diagnosed with the infection stood at 211. With that, the total number of cases under this category rose to 68,37,414 till date.
India logs 614 new Covid cases, highest since May 21
The total Covid case tally for the country is 4.50 crore (4,50,05,978). The number of individuals who have recovered from the disease has reached 4,44,70,346, contributing to a national recovery rate of 98.81 percent, as indicated on the health ministry's website. The case fatality rate remains at 1.19 percent.
292 fresh COVID-19 cases, three deaths in Kerala
Kerala recorded 292 new COVID-19 cases and three deaths in the last 24 hours, contributing to the nationwide tally of 341 cases. The state's active cases now total 2,041. The total death toll in Kerala since the pandemic's onset stands at 72,056. State Health Minister Veena George reassured the public of the state's preparedness to handle the situation
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