IRCTC IPO subscribed 100% on second day

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IRCTC IPO subscribed 100% on second day

indian Railway Catering and Tourism Corp’s initial public offering was subscribed over 100 percent in the early hours of the second day of subscription on Tuesday.

At 10:30 AM, the IRCTC IPO received bids for 21,687,840 shares against the total issue size of 20,160,000, according to provisional data available on the NSE. The IPO was subscribed 1.08 times so far.

At the end of the first day of subscription on Monday, the IRCTC IPO was subscribed 81 percent. The non-institutional investors’ category was subscribed 21 percent and that of retail individual investors 2.23 times

The IRCTC IPO, which will close on October 3, is priced between Rs 315 and Rs 320 per share.

Most brokerages have recommended ‘subscribe’ recommendation on the IRCTC IPO, given its reasonable valuation and monopoly in the Indian railways.

The analysts also note that the key risk and concerns for the company remain change in the policy of Ministry of Railways could impact financials, competition could pose a risk to its monopoly position, and stricter regulatory requirements for use of plastic.

The share sale comprises an offer for sale of 2 crore shares, representing 12.50 percent of total paid-up equity by the Ministry of Railways.

Diabetes symptoms can be lowered by weight loss

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Diabetes symptoms can be lowered by weight loss

Dropping weight up to 10 percent can end in the reduction of type 2 diabetes, say researchers. The conclusions issued in the journal ‘Diabetic Medicine’ advised that it is likely to recover from the disease without accelerated lifestyle invasions or extreme calorie limitations.

While type 2 diabetes can be accomplished through a mixture of positive lifestyle changes and medication, it is also likely for the high blood glucose levels that determine diabetes to return to normal – through vital calorie restriction and weight loss. An intense low-calorie diet involving a whole daily consumption of 700 calories for 8 weeks has been linked with a reduction in about nine out of ten people with newly diagnosed diabetes and half of the people with longstanding disease.

Diabetes symptoms can be lowered by weight loss

Nevertheless, there is little data to show whether the same result can be accomplished by people experiencing less intensive invasions, which are more likely and possibly scalable to the broader population. To solve this problem, a unit led by researchers at the University of Cambridge examined data from the Addition-Cambridge case, a considered cohort study of 867 people with recently diagnosed diabetes aged 40 and 69 years selected from common practices in the eastern region.

The researchers determined that 257 participants (30 percent) participants were in a reduction at five-year follow-up. People who managed a weight loss of 10 percent or more within the first five years after diagnosis were more than double as likely to go into remission compared to people who owned the equivalent weight.

“We’ve recognized for some point now that it’s likely to send diabetes into relief using reasonably drastic measures such as accelerated weight loss plans and severe calorie restriction,” said Dr Hajira Dambha-Miller from the Department of Public Health and Primary Care.

“These invasions can be very tough to people and challenging to achieve. But, our conclusions imply that it may be likely to get rid of diabetes, for at least five years, with a more proper weight loss of 10 percent. This will be more motivating and hence more likely for many people,” added Dr Hajira Dambha.

“This bolsters the importance of maintaining one’s weight, which can be managed by modifications in diet and improving physical exercise. Type 2 diabetes, while a chronic condition, can push to significant advancements, but as our study shows, can be managed and even modified,” said the senior author Professor Simon Griffin of the MRC Epidemiology Unit. To simplify the most excellent way to maintain patients with type 2 diabetes achieve sustained weight loss, the team is currently beginning a study called GLoW (Glucose-Lowering through Weight management).

Azam overtakes Virat Kohli, 3rd quickest to 11 ODI hundreds

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Azam overtakes Virat Kohli, 3rd quickest to 11 ODI hundreds

Babar Azam, who had scored his 11th ODI ton in the second ODI versus Sri Lanka in Karachi on Monday. The first match was wiped out without a ball being bowled at the same venue on Friday.

South Africa’s Hashim Amla continues to be the fastest to 11 ODI hundreds, becoming there in only 64 innings. South African Wicket-keeper Quinton de Kock had produced up his 11th century in solely his 65th innings.

A couple of years ago, former Pakistan coach Arthur had related Babar Azam with Virat Kohli. But in February this year, Arthur admitted he might have taken the gun in bringing that comparison although he continued that Babar Azam would be amongst the prime 5 batsmen in the world very soon.

Azam overtakes Virat Kohli, 3rd quickest to 11 ODI hundreds

“I assume he will be in the top five of the world very shortly across all formats. I believed I was a bit quick off the gun when I told two years before that he would be nearly as great as Virat Kohli but it has earned him a while to show that class,” Arthur was quoted.

“But if you saw him in the nets two years ago, he was a young boy who has turned into a young man, he’s got more powerful and fitter and his game gets more reliable and better all the time,” Arthur had said.

Virat Kohli, 30, is now rated amongst the most exceptional batsmen to have ever played the game. His 43 ODI centuries is second only to Sachin Tendulkar’s 49 hundreds in the format. Besides, Kohli has 25 Test tons and is the only man to average over 50 in all 3 formats in international cricket.

Babar Azam, 24, has secured only 1 hundred in his 21-Test career but averages over 50 in the shorter formats.

Babar Azam also became the fastest to 1000 ODI runs in a season for Pakistan, seizing to the milestone in just 19 innings.

SFI activists close school for running in holidays

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SFI activists close school for running in holidays

HIGHLIGHTS

Activists of the Students’ Federation of India (SFI) on Monday stalled running of classes during holidays by Narayana School here, contending that it amounted to violation of regulations.

Hyderabad: Activists of the Students’ Federation of India (SFI) on Monday stalled running of classes during holidays by Narayana School here, contending that it amounted to violation of regulations. They persuaded the students to boycott classes and allowed them to go home. The activists demanded action by the Education Department against the institutions running classes during the Dasera holidays. The protestors included SFI city secretary Javed, besides other leaders

Today petrol, diesel rates in Hyderabad, other major cities – October 1

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Today petrol, diesel rates in Hyderabad, other major cities – October 1

HIGHLIGHTS

The petrol and diesel rates have increased on Tuesday.

When compared to Monday, the petrol price hiked by 14 paise, and diesel by 12 paise on today.

Hyderabad: The petrol and diesel rates have increased on Tuesday. When compared to Monday, the petrol price hiked by 14 paise, and diesel by 12 paise on today. The price of petrol in Hyderabad has reached to Rs 79.25 and diesel Rs 73.51. The petrol rate in Amaravati went up by 13 paise and cost at Rs 78.90 and diesel hiked by 12 paise. The cost of diesel is Rs 72.83. In Vijayawada, the petrol price increased by 8 paise and diesel 9 paise. The price of petrol is Rs 78.40 and diesel is priced at Rs 72.37.

chimpanzee suzi escapes from enclosure in hyderabad zoo ,attacks gardener

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chimpanzee suzi escapes from enclosure in hyderabad zoo ,attacks gardener

Suzi was later tranquilized and taken back into her enclosure.

Mild tension prevailed at the Nehru Zoological Park in Hyderabad after Suzi, a chimpanzee, attempted to escape from her enclosure on Monday and attacked a gardener, who was injured in the scuffle.

Zoo officials said that Suzi escaped from her night enclosure even as maintenance work was being taken up by authorities on the campus. The chimpanzee first encountered a gardener, Yadaiah, working in the primate section, and attacked him. He suffered minor injuries and was administered an anti-rabies injection.

As soon as the incident took place, higher authorities were informed and a veterinary team rushed to the spot. Suzi was tranquilized and taken back into the enclosure.

This is not the first time that Suzi has escaped, as a similar incident took place in 2013. According to media reports, officials said that despite leading a lavish lifestyle at the zoo, Suzi was lonely and thus prone to bouts of anger.

Suzi was the pet of business tycoon and Sahara chairman Subrata Roy and arrived at the Hyderabad zoo from Pune in 2011.

In 2015, a Royal Bengal tiger had escaped from its enclosure as it jumped off a 10 feet deep moat when it was being shifted to another enclosure, creating a scare among hundreds of visitors.

Zoo authorities swung into action to evacuate the premises and closed all the gates. Officials later managed to tranquilise the big cat after an hour-long effort. No one was injured in the incident.

One of the largest zoos in India, the Nehru Zoological Park is spread over 380 acres. On average, several lakh people visit the zoo annually.

OnePlus India Specific OxygenOS Goodies: Manage Your SMS, Smart Gallery and more

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OnePlus India Specific OxygenOS Goodies: Manage Your SMS, Smart Gallery and more

These updates will be part of the OxygenOS which will be rolled out for all OnePlus devices.

OnePlus launched the OnePlus 7T smartphone late last month, just a few months after the OnePlus 7 and the OnePlus 7 Pro earlier in the summer. But it is not only about the hardware and new products. OnePlus is also giving equal attention to the software side of things, particularly features for the OxygenOS. The company has announced a bunch of India-specific features for OnePlus phones.

The first is the Smart SMS manager, quite relevant in these times when spam as well as promotional messages are the order of the day. OnePlus says users can automatically categorize all messages, and perform quick actions, namely copying OTP codes or calling numbers sent in those messages. There is categorization of up to 39 types of messages, including tickets, bills and bank messages.

Then there is the improved Gallery app which sorts your photos into smart albums based on the faces it recognizes in pictures that you may have clicked, according to the location or even time of the day. All this happens on the device itself and OnePlus takes pains to assure that no data is sent to their servers and that a user’s privacy is untouched. There is also the addition of the free cloud storage options for backing up your photos—OnePlus will give 5GB free as the basic tier, though the introductory option does offer 50GB more for the first year.

OxygenOS will now let you assign your apps to Work mode or Life mode, which will automate a series of actions based on the location, Wi-Fi networks you are connected to, and/or a predefined schedule. You will be able to turn off notifications for work apps (including emails and instant messages) after office hours, for instance.

Then there is the new International Roaming Service, which we still have to test, but it does look like a rather interesting proposition. No need to purchase a specific SIM card or worry about data bandwidth and international roaming, access OnePlus Roaming without an internet connection. Let the wanderlust flow.” We await further details on how this works, how can a user sign up for this while traveling and which operators are a part of this service.

Last but not least are the cricket scores on the Shelf. Users can now customize this to add their favorite teams and access the scores quickly by simply swiping right on the home screen.

All these updates will be part of the OxygenOS updates which will be rolled out in the coming weeks, if your phone doesn’t already have them.

Sitharaman Puts Out Appeal and Explainer in Reply to ‘Consume Poison’ Tweet on PMC Bank Crisis

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Sitharaman Puts Out Appeal and Explainer in Reply to ‘Consume Poison’ Tweet on PMC Bank Crisis

Finance Minister Nirmala Sitharaman urged a Twitter user on Monday to not write of “such extreme things” after the latter tweeted that “people are bound to consume poison” in the aftermath of the restrictions imposed by the Reserve Bank of India on the crisis-hit Punjab & Maharashtra Cooperative Bank (PMC Bank).

The RBI had on September 23 imposed regulatory restrictions on the PMC Bank for six months over alleged financial irregularities. The removal limit for account owners was originally kept at Rs 1,000 per each client for six months, which was next raised to Rs 10,000. The regulator also prevented the cooperative from continuing fresh loans or taking deposits. The limitations had triggered objections by depositors and account owners of the cooperative bank.

To address such concerns, Sitharaman on Monday tweeted a helpline number.

Sitharaman Puts Out Appeal and Explainer in Reply to ‘Consume Poison’ Tweet on PMC Bank Crisis

Replying to the tweet, a Twitter user named Rakesh Bhat, who identifies himself as a social activist, demanded a quick resolution, saying “people are bound to consume poison and die”.

Sitharaman Puts Out Appeal and Explainer in Reply to ‘Consume Poison’ Tweet on PMC Bank Crisis

In reply, the finance minister sought to calm Bhat down and appeal against posting “extreme” messages. She further clarified that multi-state cooperative institutions do not come under the Ministry of Finance even though they are called banks.

Defined as a multi-state collaborative investment entity organized in 1984 from a modest room in Mumbai, the PMC Bank has grown to 137 branches in Maharashtra (103), Delhi (6), Karnataka (15), Goa (6), Gujarat (5) and Madhya Pradesh (2).

As per the RBI orders, the PMC Bank is debarred for six months from granting or renewing any loans and advances, making any investments, incurring any liability, including borrower of stocks or accept current deposits, etc., without preceding written permission from the RBI.

As per the PMC Bank’s latest annual report, it has deposits of over Rs 11,617 crore and loans/outstandings of Rs 8,383 crore.

Samsung Galaxy Fold to Launch in India Today: Expected Price, Specifications, More

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Samsung Galaxy Fold to Launch in India Today: Expected Price, Specifications, More

Samsung Galaxy Fold is being relaunched, after initial launch was delayed earlier this year.

HIGHLIGHTS
Samsung Galaxy Fold has a small 4.60-inch display in folded state
Samsung warns that the display should be handled carefully
The event will begin at 12 noon IST

Samsung Galaxy Fold is set to launch in India today, after the company made it available in the US last week. The foldable phone, a first-of-its-kind from the company, comes with a tablet-sized screen when unfolded, and a secondary small screen in folded state. The pricing and availability of the Galaxy Fold will be announced at the event, and it certainly won’t be cheap. If the US price of Samsung’s troubled foldable phone is to be considered, the Galaxy Fold might be priced over Rs. 1,40,000 in India.

Samsung Galaxy Fold to Launch in India Today: Expected Price, Specifications, More

Samsung Galaxy Fold price in India, launch event timings, availability
The Samsung Galaxy Fold India launch event will begin at 12pm (noon) IST today.The event will detail the pricing and availability of the foldable phone in the Indian market. We can presume that the phone will not be cheap, and will be sold at select retail outlets only. It should extend the Galaxy Fold Premier Service for its top-tier customers in India as well. This service looks to help you in the event of any mishap with the ‘delicate’ phone, and it includes 24×7 online support and one-on-one interaction with Samsung’s support personnel.

To recall, Samsung unveiled the foldable device at Unpacked 2019 earlier this year, and priced it at $1,980 (roughly Rs. 1,41,300). We can expect the Samsung Galaxy Fold to be at least as much as the US pricing, if not more. The launch was delayed after early reviewers saw their units damaged after peeling off an important film on the display, rendering the phone unusable. The company said that the foldable phone needed more improvement before it is launched commercially. Now, after much delay, the phone is ready for commercial use, and is being launched in varied markets.

In a new video titled, ‘Caring for your Galaxy Fold’, Samsung asserts that the display comes with a protective film, and an additional one is not required. The video says to use a light touch, keep the hinge away from water and dust, and keep valuables like credit cards and keys away from the phone, due to the magnets inside the hinge.

Samsung Galaxy Fold specifications
The Samsung Galaxy Fold comes with one screen in the front, and it opens and shuts like a book to reveal a big screen inside. The phone comes with a wide notch holding two selfie sensors on the inside and a triple rear camera setup that sits at the back. There’s another camera on the front – giving it a total of six cameras.

The Galaxy Fold provides a 7.3-inch display when unfolded with a cutout for the selfie camera, and the resolution is set at 1536×2152 pixels (4.2:3 aspect ratio), whereas the smaller 4.6-inch Super AMOLED panel includes 840×1960 pixels resolution (21:9 aspect ratio). The smartphone includes 12GB of RAM and 512GB of inbuilt storage (UFS 3.0) – there is no storage expandability.

For the imaging needs, the Samsung Galaxy Fold comes with a total of six cameras. Let’s start with the rear cameras: a 16-megapixel ultra-wide camera with an f/2.2 aperture, a 12-megapixel wide-angle camera, with Dual Pixel AF, OIS, and variable f/1.5 to f/2.4 aperture; and finally, a 12-megapixel telephoto camera with PDAF, OIS, an f/2.4 aperture, and 2X optical zoom.

Samsung offers fast charging support and wireless charging support as well.

Dhoni Made Ranchi Famous In World Of Cricket: President Of India

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Dhoni Made Ranchi Famous In World Of Cricket: President Of India

Remembering the efforts of several personalities of Jharkhand, President Ram Nath Kovind on Monday said cricketer MS Dhoni has made Ranchi popular in the universe of cricket. The President was conversing with students during the 33rd conference of the Ranchi University. “MS Dhoni joined me at Raj Bhavan yesterday (Sunday) as a courtesy call. It seemed good. I advised him as he keeps a low profile but people are affectionate of him as he is talented,” President Kovind said.

Dhoni Made Ranchi Famous In World Of Cricket: President Of India

Mr.Konvind also appreciated the achievements of ace archer Deepika Kumari and Jaipal Singh Munda, who had traversed the Indian hockey side that won gold in the 1928 Olympics, as both were from the same state.

President Kovind said Jharkhand has also presented people like Albert Ekka, who was posthumously awarded with the Param Veer Chakra for his fearlessness during the 1971 War.

He stated that Chief Minister Raghubar Das and retired Supreme Court judge, Justice MY Iqbal, are amongst prominent alumni of the Ranchi University.

President Kovind also shared the dais with First Lady Savita Kovind, Ranchi Governor Droupadi Murmu, the state chief minister Raghubar Das, Education Minister Neera Yadav, Ranchi University vice-president RK Pandey and Kamini Kumar.

BJP, Shiv Sena finalize agreement for Maharashtra Assembly elections

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BJP, Shiv Sena finalize agreement for Maharashtra Assembly elections

After days of suspense and discussions, the ruling Bharatiya Janata Party (BJP) and Shiv Sena on Monday announced their alliance for the Maharashtra Assembly polls. Fearing rebellion, both parties have not yet disclosed the seat-sharing arrangement, which the leaders claim has been mutually accepted.

The announcement, however, did not come from top leaders of both parties as expected. Instead, state BJP president Chandrakant Patil and senior Sena leader Subhash Desai issued a joint signed statement.

The alliance also includes union minister Ramdas Athawle’s Republican Party of India (Athawale group), Rashtriya Samaj Party of Dhangar leader Mahadev Jankar, state minister Sadabhau Khot’s Rayatkranti and Shivsangram party of Maratha leader Vinayak Mete. However, the statement does not have signatures of the other four leaders or their representatives.

BJP, Shiv Sena finalize agreement for Maharashtra Assembly elections

“Under the leadership of Devendra Fadnavis and the guidance of Uddhav Thackeray, the government of grand alliance took the state to a new height in the last five years and now as per the democratic traditions we will be facing the polls. Following the discussions between Uddhav Thackeray and Devendra Fadnavis and also with other allies such as Ramdas Athawale, Vinayak Mete, Sadabhau Khot, Mahadev Jankar, the decision to contest upcoming elections in an alliance has been taken unanimously. As per that we are announcing the grand alliance,” reads the statement. The details about which party will contest how many seats will be declared soon, it says.

Earlier, BJP state president Chandrakant Patil said, “The seat-sharing arrangement between both parties is complete and both have agreed to it. But the official announcement will be made at the right time.”

In response to a query, Mr. Patil denied that Sena was going to be given the deputy Chief Minister’s post. “Nothing of this sort has been decided. Let the elections take place. After that results will be out,” he said. Commenting on Sena leaders’ statement wishing Aaditya Thackeray as the next Chief Minister of Maharashtra, Mr Patil said that it is obvious for the leaders of the Sena to wish their leader state’s topmost post.

Meanwhile, the delay in announcing seat-sharing between two parties indicates that both fear large-scale rebellion within. “It is natural that those who are sitting MLAs or prepared for five years feel agitated in case the seat goes to another party. It is natural. But we will talk to them and reinstate them for sure in future,” he said.

18 labourers hurt after auto overturns in Hyderabad

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18 labourers hurt after auto overturns in Hyderabad

18 labourers hurt after auto overturns in Hyderabad

HIGHLIGHTS

18 labourers hurt after an auto trolley overturned Around 30 people were in the vehicle when the incident occurred

As many as 18 daily wage labourers were injured after an auto trolley overturned here at the city. The mishap took place when around 30 labourers from Manchala Mandal of Rangareddy district are heading to plant saplings across the roads under GHMC limits. The injured were sent to a nearby hospital for treatment. Further details are awaited.

Indiabulls Housing Finance Shares Crack 38% on Doubts Over Merger with Lakshmi Vilas Bank

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Indiabulls Housing Finance Shares Crack 38% on Doubts Over Merger with Lakshmi Vilas Bank

Lakshmi Vilas Bank and Indiabulls Housing Finance had announced a share-swap deal in April earlier this year. The Competition Commission of India had already given its green light to the proposed merger in June.

Indiabulls Housing Finance Ltd shares cracked over 38% on Monday on the apprehensions that the proposed merger with Lakshmi Vilas Bank Ltd could face a setback as the central bank initiated corrective actions against the latter.

At 11:40 am, shares of Indiabulls Housing Finance were down by a massive 35.8%, to Rs 250.70 after hitting an intra-day low of Rs 240.05. Other Indiabulls Group stocks also tumbled, with Indiabulls Real Estate and Indiabulls Ventures down 10% and 20%, respectively. Lakshmi Vilas Bank shares were, meanwhile, down 5% to Rs 34.75.

The central bank placed Lakshmi Vilas Bank under prompt corrective action due to high non-performing assets, insufficient capital, high leverage and a negative return on assets for two consecutive years.

To recall, Lakshmi Vilas Bank and Indiabulls Housing Finance had announced a share-swap deal in April earlier this year. The Competition Commission of India had already given its green light to the proposed merger in June.

In a separate development, the Delhi High Court has also issued notice in a petition seeking a direction for an in-depth and time-bound investigation by a Special Investigation Team into the “illegalities and violations” committed by Indiabulls Housing Finance, its subsidiaries and promoters.

Notices have been issued to Indiabulls, its promoters, the central government and other stakeholders.

IndiGo Denies ‘Fire In Engine’ Claim By Minister After Flight Turns Back

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IndiGo Denies ‘Fire In Engine’ Claim By Minister After Flight Turns Back

An IndiGo flight to Delhi had to return to the Goa airport and make an emergency landing after its engine developed “some technical issues” mid-air, the airline said on Monday.

Goa Power Minister Nilesh Cabral, who was among the passengers on the flight which took off from the coastal state on Sunday, told PTI that the aircraft’s engine caught fire following which the plane had to return to the airport.

The Directorate General of Civil Aviation (DGCA) has launched a probe into the incident.

IndiGo flight 6E336, operating from Goa to Delhi on September 29 returned to Goa due to “technical issues in engine”, the airline said in statement.

“As per the laid down Standard Operating Procedures, our pilot landed the aircraft in Goa for inspection. All the passengers were accommodated on other flights to Delhi,” a spokesperson of the airline said.

Nilesh Cabral, however, said the flight had to return after the aircraft’s engine caught fire.

He later flew to Delhi in another plane. “The Directorate General of Civil Aviation has started an investigation into the IndiGo Goa-Delhi flight incident,” a senior DGCA official said

Caught In The Act: A Black Hole Rips Apart An Unfortunate Star

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Caught In The Act: A Black Hole Rips Apart An Unfortunate Star

Scientists have caught a view of an enormous black hole frantically tearing apart a doomed star, representing an exceptional and uncontrolled astronomical event from starting to end for the first time using NASA’s planet-hunting telescope.

The U.S. space organization’s orbiting Transiting Exoplanet Survey Satellite, famously identified as TESS, published the detailed timeline of a star 375 million light-years continuously twisting and spiraling into the ruthless gravitational pull of a supermassive black hole, researchers stated on Thursday.

The star, approximately the identical size as our sun, was ultimately sucked into nothing in a limited cosmic experience that scientists call a tidal disturbance development, they added.

Caught In The Act: A Black Hole Rips Apart An Unfortunate Star

Astrophysicists used a global system of telescopes to discover the appearance before changing to TESS, whose constant viewing zones intended to hunt different planets grabbed the beginning of the intense event, proving effective its different method of surveilling the universe.

“This was a mixture of both being good and being fortunate, and seldom that’s what you require to push the science forward,” stated Thomas Holoien of the Carnegie Institution for Science, who led the study published in the Astrophysical Journal.

Such aspects happen when a star chances too close to a supermassive black hole, objects that remain in the middle of most massive galaxies including our Milky Way. The black hole’s enormous gravitational forces tear the star to pieces, with some of its element tossed into space and the rest falling into the black hole, creating a disk of hot, luminous gas as it is consumed.

“Definitely, we can estimate the rate at which it gets more illustrious after it starts intensifying, and we also witnessed a drop in its temperature and light that is unique,” Holien said.

Observing the waving of light as the black hole bolts the star and spews stellar substance in an outward spiral could help cosmologists assume that the black hole’s way, a scientific riddle since physicist Albert Einstein’s work more than a century ago observed gravity’s impact on light in motion.

YES Bank tumbles 11% despite RBI nod to raise capital

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YES Bank tumbles 11% despite RBI nod to raise capital

NEW DELHI: Shares of private sector lender YES Bank tumbled 11 per cent in Monday’s trade even as the company said it received approval from the Reserve Bank of India (RBI) to raise capital.

YES Bank in an exchange filing said, “it has received an acknowledgment from the Reserve Bank of India to go ahead with the proposed increase in its authorized share capital.” The bank will now seek necessary shareholders’ consent.

bank is reeling under huge exposure to stressed assets. It plans to raise Rs 800 crore from the market. In a release last week, it had said the bank has received strong interest from multiple foreign as well as domestic private equity and strategic investors for this capital raise.

At around 9.50 am, YES Bank shares were trading nearly 9 per cent lower at Rs 44.40 on BSE
Meanwhile, bank’s promoter Rana Kapoor has been reducing his stake in the bank in a gradual manner. Last week, YES Capital, owned by Kapoor, sold 1.8 per cent shareholding in the Bank. In a release, it said the proceeds will be utilized to prepay balance outstanding Non-Convertible Debentures (NCDs) of YCPL subscribed by various schemes of Franklin Templeton Asset Management.

Moody’s in a report earlier this month said Altico Capital’s default was credit negative for the lenders with si ..

Moody’s in a report earlier this month said Altico Capital’s default was credit negative for the lenders with significant exposure to the real estate sector

19 Killed, 3 Injured After Fire Breaks Out in Factory in East China

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19 Killed, 3 Injured After Fire Breaks Out in Factory in East China

A factory wildfire has killed 19 people in east China, regional authorities said Monday, in the latest violent event to hit the country’s manufacturing division.

The fire burst out on Sunday at a plant in Ninghai county, eastern Zhejiang region, said the provincial government on its official Weibo account.

The event, which is under research, happened at a equipment owned by the Ruiqi Daily Necessities Company.

Amongst eight people protected from the fire, three were wounded and carried to hospital for medical assistance, said Ninghai authorities.

It did for a tedious weekend in China ahead of the communist-led country’s 70th-anniversary festivities on Tuesday.

19 Killed, 3 Injured After Fire Breaks Out in Factory in East China

A compressed bus crashed with a truck in eastern Jiangsu area on Saturday, killing 36 people.

Industrial disasters are prevalent in China, where security regulations are often poorly executed.

In March, a blast at a chemical factory in eastern Jiangsu region abolished 78 people and injured hundreds.

Four months later in July, a large eruption left 15 lifeless at a gas factory in central China.

Last November, a truck transporting combustible chemicals erupted at the arrival of a chemical plant in Zhangjiakou, a northern Chinese town that will host the 2022 Winter Olympics, halting 23 people and injuring 22 others.

Congress Leaders Detained Ahead Of March In UP Against BJP’s Chinmayanand

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Congress Leaders Detained Ahead Of March In UP Against BJP’s Chinmayanand

The 23-year-old law student in Shahjahanpur was arrested by the police last week in a case of extortion filed by Chinmayanand’s aides.

SHAHJAHANPUR: Congress leaders were today refused permission to take out a march in support of the jailed law student who has accused the BJP’s Chinmayanand of rape.The Congress leaders wanted to march from the town of Shahjahanpur to Lucknow in solidarity with the student.
Party leader Jitin Prasada has been put under house arrest and three others have been detained. The police have also blocked the borders of Shahjahanpur district.

The 23-year-old student was arrested by the police last week in a case of extortion filed by Chinmayanand’s aides. The law student has spent the last four days in prison.

The woman says the police refused to register her rape complaint last month, after which she filed a case in Delhi. Chinmayanand has been charged under a watered down sub-section of the rape law on “misusing authority for sexual intercourse”. On the other hand, the woman has been charged with trying to extort Rs. 5 crore from Chinmayanand. The SIT said she had “confessed”.

The student was produced before a court, which sent her to 14-day judicial custody.

Chinmayanand, who was arrested earlier this month on charges that he misused his authority and induced the student to have sex with him, continues to be in a hospital. He was taken to the ICU at Lucknow’s Sanjay Gandhi Post Graduate Institute of Medical Sciences last Monday, just three days after his arrest.

A court in Shahjahanpur will today hear the bail requests of Chinmayanand as well as the student.

A Congress delegation met the parents of the jailed student on Sunday.The girl who alleged rape and was arrested should be released. The government is standing in support of Chinmayanand. The rape case should be heard in a fast track court,” Congress leader Ajay Kumar Lallu, who is among those who have been detained today, had told news agency ANI.

Pakistan Gears Up For The 2nd ODI Versus Sri Lanka, With Rain Likely To Play a Part

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Pakistan Gears Up For The 2nd ODI Versus Sri Lanka, With Rain Likely To Play a Part

It’s gone from T to T+2 to T+3, which too is now subject to Karachi’s water-pumping capacity. Well, try harder, if there’s one thing Pakistan has in abundance ever since they lost their ‘home’, it’s patience, and three days when seen against the 3901-day wait is precisely 0.076 percent longer. That’s how insignificant Friday’s (September 27) deluge was.

But the deluge, as a deluge, was bad. Three days of unusual rains in the season, constant pouring had left the National Stadium in water. The outfield appeared as a pool, the drainage jammed and the groundsmen didn’t have any modern equipment and they couldn’t even clean up after it stopped raining. So much so that the officials called it off with almost four hours to go to compress in a 20-over contest.

Pakistan Gears Up For The 2nd ODI Versus Sri Lanka, With Rain Likely To Play a Part

So nothing’s varied in phases of the development. It’s still a new start for Pakistan, getting into the Misbah-Sarfaraz period, who’ve been quite stable in their selection, facing a Sri Lankan side, who until a week ago would’ve moved off as Sri Lanka A.

Pakistan is reasonably expected to command. Their strategy with the bat, especially in ODIs, under Waqar Younis and Mickey Arthur has been rather complicated between attack and care, often going nowhere. With the chargeback to Misbah-ul-Haq, who made the UAE a stronghold with this very messy approach, it’ll be fascinating to see how the squad works with cricket at home back to being a likelihood.

Again, just to repeat, nobody’s going to cherish this result. It’s all about the information it sends out.

Rashami Desai on Marrying Boyfriend Arhaan Khan in Bigg Boss 13 House: This is a Very Stupid Rumour

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Rashami Desai on Marrying Boyfriend Arhaan Khan in Bigg Boss 13 House: This is a Very Stupid Rumour

It was reported earlier that Rashami Desai will be tying the knot with rumoured beau Arhaan Khan inside ‘Bigg Boss 13’ house. The actress had dispelled such claims as “stupid rumours”.

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Rashami Desai on Marrying Boyfriend Arhaan Khan in Bigg Boss 13 House: This is a Very Stupid Rumour
It was reported earlier that Rashami Desai will be tying the knot with rumoured beau Arhaan Khan inside ‘Bigg Boss 13’ house. The actress had dispelled such claims as “stupid rumours”.

Rashami Desai on Marrying Boyfriend Arhaan Khan in Bigg Boss 13 House: This is a Very Stupid RumourImage of Rashami Desai, courtesy of Instagram

Actress Rashami Desai has denied rumours that she will get married inside the “Bigg Boss” house this season. A recent report in a city supplement stated “Uttaran” actress Rashami might tie the knot with boyfriend Arhaan Khan inside the house during her stay on “Bigg Boss 13”, which started airing on Sunday night.

While Rashami entered the house on Sunday night, Arhaan is reportedly expected to join her in a few weeks.

Quizzed on the subject, Rashami told IANS: “I really want to know who is spreading these rumours. I am a mature woman and I know how to take decisions. I don’t understand why someone would do this. This is a very stupid rumour. It is (marriage) such a beautiful thing. If I get married, I will let people know about it in a beautiful way. I won’t be committing a crime.”

At the moment, Rashami has mixed feelings about her stint inside the house. “I have a mixed feeling. I am a little nervous, a little bit scared and at the same time excited,” she said.

However, the actress is certain that it is not going to be easy inside the house.

“It is not going to be easy but I think it will be an interesting journey. Everyone who has been there says if you are on this show, you learn to handle your mood swings, your feelings. I feel that is an amazing thing. It makes you a stronger person,” she said.

Rashami is apprehensive she might hardly get to eat during her stay inside the house.

“I know how to cook. I can make pasta et cetera, but I don’t know how much of a chance I will get to cook inside the house. I have heard Bigg Boss hardly lets you eat!” she said.

After coming out of the house, the actress revealed, she would need some time for herself, before resuming work.

“I have not taken up any work commitments because I have no idea when I will come out of the house. Even if I come out as a winner, I would need a little time for myself. Once I am out, there will be a lot of media activity. Only after that, I will get back to work,” she said.

Asked if she has plans to venture into Bollywood, Rashami replied: “If the script is beautiful and the role is promising, I will definitely go for Hindi movies. The subject is the biggest hero.”

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