INDIAN ROAD NEWS
Seven Indians among 60 people believed to be missing after landslide in Nepal: Media reports
Two buses carrying over 60 passengers were swept into the Trishuli River from the Narayanghat-Mugling road due to a landslide after heavy monsoon rains near Simaltal, Chitwan at 3:30 am. Seven Indian nationals are missing. Prime Minister Dahal directed rescue efforts, hindered by rain. Indradev Yadav oversees; Army and Police assisting. Debris obstructs traffic.
Anant-Radhika Wedding: Billionaire Mukesh Ambani isn't spending as much of his net worth as Indians do
The Ambani-Merchant wedding, which began in Jamnagar, Italy, and will conclude in Mumbai, has garnered global attention, but the Ambani family is only spending 0.5 per cent of their net worth on the wedding, according to an analysis by NC Financial Advisory Services' founder Nitin Chaudhary. An Indian with a net worth of Rs 50 lakh to Rs 1 crore would easily spend Rs 10-15 lakh on their child's wedding, and for a person with a net worth of up to Rs 10 crore, the spending might be up to Rs 1.5 crore.
Sanofi India decides to put headquarters in Mumbai on the block
Sanofi's Indian subsidiary is planning to sell its 150,000 sq ft standalone property in Mumbai's Powai area, which serves as its current headquarters, to focus on monetization and operational consolidation. The move follows the acquisition of a long-term lease for an office in Vikhroli suburb, where Sanofi Consumer Healthcare will relocate as part of a broader strategy. The Powai property sale is expected to yield approximately Rs 250 crore based on current market rates.
Kathua Attack: Five slain soldiers hailed from Uttarakhand, CM Dhami pays tributes
The attack occurred on the Machedi-Kindli-Malhar road in a remote area, approximately 150 km from Kathua town, at around 3:30 pm. Elite para commandos have been deployed on the ground, engaging in intermittent exchanges of fire as the operation continues. Notably, this incident coincided with the 8th death anniversary of Hizbul Mujahideen commander Burhan Wani, adding a sombre context to the situation.
Bengaluru Police file FIR against Virat Kohli-owned pub on MG Road
Bengaluru police register FIR against One8 Commune pub and others for operating beyond 1 am closing time. Complaints of loud music led to action. Investigation ongoing to determine further steps. Virat Kohli's Bengaluru branch under scrutiny for serving customers at 1:20 am, exceeding allowed time limit.
Employer arrested for Indian farm worker's death in Italy
Satnam Singh was abandoned by his employer after a strawberry wrapping machine severed his arm in Lazio, near Rome, last month and died due to "copious bleeding", the ANSA news agency reported.
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Poised along the Indian border, Chinese troops are there for the long haul
The Strategic Studies Institute of the US Army War College published an in-depth report examining PLA activity along the mountainous border in Aksai Chin opposite India in 2020-21. It considered how the PLA rapidly moved troops into the region as violence flared between Chinese and Indian troops in Galwan Valley on 15-16 June 2020. However, Blasko, a former US defence attache in Beijing and Hong Kong, also provided a useful assessment of current and future conditions along the Line of Actual Control (LAC).
Delhi-NCR rain: Heavy rains in the capital city, roads flooded, Delhi metro updates
Before the monsoon declaration, Delhi-NCR faced heavy rain. The Safdarjung Observatory recorded 154 mm of rain. A roof collapse at Terminal 1 led to a temperature drop to 35.4 °C, disrupting flight departures.
Indian-origin activist among three women charged for staging protest in Palestinian's support in Singapore
Three Singaporean women, including an Indian-origin activist, were charged for organising a procession supporting the Palestinian cause without a permit. Annamalai Kokila Parvathi, Siti Amirah Mohamed Asrori, and Mossammad Sobikun Nahar were accused under the Public Order Act for assembling near the Istana. Annamalai allegedly abetted the offense. They were offered bail and their cases scheduled for further mention in court.
Guyana diaries: Bhojpuri nights, ubiquitous Hindu temples & booming economy
Guyana exudes a strong sense of Indianness that resonates deeply with visitors from India, particularly noticeable in Georgetown, its capital and the only English-speaking country in South America. The Providence Cricket Stadium greets visitors with a prominent "Bhojpuri Nights" banner, reflecting the cultural blend. Nearby, ISKCON stands as one of Georgetown's largest temples, underscoring the presence of Indian culture. Renowned eateries like the one owned by former West Indies cricketer Ramnaresh Sarwan offer a taste of familiar cuisine.
Italian PM Giorgia Meloni pays homage to Indian farm worker Satnam Singh in parliamentary address
Italian Prime Minister Giorgia Meloni recently honoured Satnam Singh, an Indian farm worker who tragically passed away after his employer abandoned him on the roadside following a severe injury. "These are inhumane acts that do not belong to the Italian people. I hope that this barbarity will be punished harshly," said Meloni.
Indian farm worker dies in Italy without medical help after arm severed by machine
Satnam Singh, a 31-year-old Indian worker in Italy, tragically died after his arm was severed by heavy farm machinery. His employer, Antonello Lovato, left him without medical assistance, resulting in his death. Italy's Minister of Labour, Marina Calderone, described the incident as an act of barbarity.
What’s fueling the shift in Indian investor behaviour?
India added $1 trillion to the stock market in less than six months, reaching a $5 trillion market cap. Retail investors, with a surge in Demat accounts, play a key role in enhancing market stability and resilience.
'Heeramandi 2' announced: Bhansali's courtesans to enter Mumbai film industry in new season; check plot, cast
Netflix has confirmed a second season for Sanjay Leela Bhansali's series 'Heeramandi: The Diamond Bazaar,' following its successful debut on May 1. Season 2 will shift the story from Lahore to the Indian film industry post-Partition, with courtesans transitioning from performing for nawabs to entertaining film producers. Bhansali, who faced significant challenges during production, expressed his excitement for the continuation of the series.
India's infrastructure leap under PM Modi: Former NITI Aayog CEO Kant highlights nation's capex drive
Amitabh Kant highlighted India's infra advancements over the past nine years, noting a tripling of cities with metro coverage, 92,000 km of new highways, and a 100% increase in airports and port handling capacity. Additionally, India has electrified 40,000 km of railway lines, built 120 million toilets and 50 million homes, and provided piped water to 250 million people, achieving 100% household electrification.
Urbanisation led to 60% more night-time warming in Indian cities than non-urban areas: Study
A study by IIT Bhubaneswar found that urbanization has led to 60% more night-time warming in over 140 Indian cities compared to surrounding non-urban areas. Cities like Ahmedabad, Jaipur, and Rajkot were most affected, with Delhi-NCR and Pune also experiencing significant warming. The urban heat island effect, where concrete and asphalt store and release heat, is the main cause. T
Candidates of strong directional move on 4th June: 5 PSU stocks which have benefited the most due to government policy push and spending
In the last two years, it is a well known fact that every PSU stock has been re-rated by the street, right from perennial under-performers like oil marketing and refining oil companies to PSU banks. But if one looks a bit deeper there are some which have been re-rated more than others. The reason, these are PSUs which are from the sectors where the government has clearly decided are its priority areas and there has been a policy push for these sectors. A company which is going to be providing finance for the expansion of the solar energy network which is the next focus of the government. The overall demand runway for these sectors is longer which means overall growth will be higher when confirmation of policy continuity comes. Also they are in business where it would be difficult for the private sector to compete. Now because it is the policy push which matters, the continuity of tailwinds of higher government spending, will push them for another round of re-rating on the result day.
Dombivli factory blast: Owner remanded in police custody till May 29
A court in Maharashtra's Thane district has remanded Malay Mehta, the 38-year-old owner of Amudan Chemicals, in police custody until May 29 following an explosion at his factory in Dombivli that killed nine people and injured over 60. Mehta was produced before the magistrate court in Kalyan, where police sought his custody to investigate further, including determining if others were involved.
Blockbuster debut! Indian Emulsifier shares list at 226% premium on NSE SME platform
Indian Emulsifier shares debuted on the NSE SME platform on Wednesday, opening at Rs 430, a significant premium of 225.8% compared to the issue price of Rs 132. The IPO, consisting of 32.11 lakh fresh equity shares, garnered immense investor interest, with a subscription rate exceeding 450 times at the close of the offering.
Pune Accident: 2 bike riders killed by speeding Porsche driven by builder's juvenile son; Bystanders thrash driver, video goes viral
Pune Accident (Google Trends): In a tragic Pune accident, two bike riders lost their lives when a speeding luxury Porsche, reportedly driven by the son of construction company owner Vishal Agarwal, collided with their motorcycle. The incident occurred around 3.15 am in Kalyani Nagar. A viral video showed bystanders assaulting the driver, who was later handed over to the police. Authorities are investigating the case.
Manipur: Heart of Imphal comes to a standstill following 24-hour total shutdown call
This shutdown, effective from Monday midnight until Tuesday midnight, has paralyzed business activities, further exacerbating the ongoing ethnic conflict.
India’s counter to Pakistan’s Gwadar port: New Delhi signs 10-year Chabahar Port pact with Iran
India signed a 10-year agreement with Iran on Monday to manage Chabahar Port, marking its first overseas port management venture. The move, amidst a bustling election season, is viewed as a significant geopolitical gesture towards Iran, with potential regional ramifications. This agreement underscores India's strategic interest in Chabahar, which serves as a vital link to Afghanistan, Central Asia, and the larger Eurasian region, offering an alternative to Pakistan's Gwadar port and China's Belt and Road Initiative.
Bengaluru traffic alert issued after heavy rains leave many roads waterlogged. Check 7 days weather forecast
Bengaluru faces waterlogging from heavy rains, with IMD forecasting more rain and temperature ranging from 23 to 33 degrees. BBMP sells fallen branches on-site, addressing tree collapses aftermath. ANI reports waterlogging at Electronic City and Hosur main road.
M-cap of 81 listed PSUs has grown 225% under Modi govt: FM
Sitharaman claimed that PSUs are thriving and benefiting "significantly from the culture of professionalism infused in them along with increased operational freedom". Modi Govt's focus on capital expenditure has also led to substantial growth in their stock performance, her tweet stated.
Suresh Raina's cousin killed in hit-and-run incident in Dharamshala
Former cricketer Suresh Raina's cousin and his friend died in a hit-and-run near Gaggali airport. Sher Singh, the driver who fled, was caught using CCTV evidence. The incident led to the death of two individuals.
Maldives to hold road shows in India to woo tourists back
As the number of Indian tourists to the Maldives continues to decline, the Maldives Association of Travel Agents and Tour Operators (MATATO) held discussions with India's High Commissioner here, Munu Mahawar, on enhancing travel and tourism cooperation between the two countries.
Eid 2024: Eid celebrations illuminate Delhi and Mumbai, marking the end of Ramzan
Delhi's Hazrat Nizamuddin Dargah and Nizamuddin Market, along with Mumbai's Mohammed Ali Road, were vibrant with Muslims celebrating Eid-ul-Fitr, marking the end of Ramzan. The iconic Jama Masjid in Delhi also saw a large gathering for prayers. Amidst festive shopping for sweets and clothes, security measures were heightened in Delhi. The sighting of the crescent moon determined the festival's date, with different regions celebrating on different days.
Big gets bigger: 5 things to know to understand India’s economy under Narendra Modi
BJP stalwart Narendra Modi's potential third term as India's Prime Minister is backed by significant financial support and a narrative of economic growth. India's trajectory toward becoming the world's third-largest economy is fueled by increased investor enthusiasm, infrastructure development, digital innovation, and geopolitical shifts. However, persistent issues like inequality remain unresolved.
Paytm not in list of 32 banks authorised to issue new FASTags
The road tolling authority has advised highway users to buy FASTags from authorized banks, listing 32 banks except Paytm Payments Bank. This signals to over 20 million Paytm FASTag users to get new RFID stickers as Paytm FASTags will become inoperative after February 29 due to RBI's directive barring Paytm Payments Bank from offering services from next month. IHMCL, the electronic tolling arm of NHAI, shared the list of authorized banks on its official handle.
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