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No change in Maharashtra's leadership, plan to win Assembly elections: BJP

No change in Maharashtra's leadership, plan to win Assembly elections: BJP

The BJP on Tuesday ruled out any change in its leadership in Maharashtra after its poor showing in the Lok Sabha elections and asserted that it is working on a blueprint for the Shiv Sena-BJP-NCP coalition to emerge victorious in the assembly polls, due later this year.

The decision was taken at the Maharashtra BJP's core group meeting with party president JP Nadda and Union Home Minister Amit Shah.

California fines Amazon nearly $6 mn for illegal work quotas at warehouses

California fines Amazon nearly $6 mn for illegal work quotas at warehouses

California has fined Amazon a total of $5.9 million, alleging the e-commerce giant worked warehouse employees so hard that it put their safety at risk, officials said.

The two citations issued in May by the California Labor Commissioner's Office said Amazon.com Services LLC ran afoul of the state's Warehouse Quota Law at facilities in Riverside and San Bernardino counties, east of Los Angeles.

Kuwaiti govt to give $15,000 compensation to kin of Mangaf fire victims

Kuwaiti govt to give $15,000 compensation to kin of Mangaf fire victims

The Kuwaiti government will give USD 15,000 each to the families of the victims of the devastating fire that killed 50 people, including 46 Indians, in the southern Ahmadi Governorate, according to a media report on Tuesday.

The massive fire which occurred at a seven-storey building in the city of Mangaf on July 12 was caused by an electrical short circuit in the guard's room on the structure's ground floor, according to Kuwaiti authorities.

Dhanlaxmi Bank appoints Ajith Kumar KK as MD & CEO for 3-year tenure

Dhanlaxmi Bank appoints Ajith Kumar KK as MD & CEO for 3-year tenure

Private sector Dhanlaxmi Bank on Tuesday said it has appointed Ajith Kumar KK as Managing Director (MD) of the bank.

He will take charge on June 20, Kerala-based Dhanlaxmi Bank said in a regulatory filing.

The board at its meeting held on Tuesday approved the appointment of Ajith Kumar KK as Managing Director & CEO of the bank for a period of three years with effect from June 20, 2024, and on such remuneration as approved by RBI vide letter dated April 18, it said.

ixigo-parent Le Travenues Technology lists at 48% premium over issue price

ixigo-parent Le Travenues Technology lists at 48% premium over issue price

Le Travenues Technology, the parent company of ixigo, made a stellar stock market debut on Tuesday with its shares getting listed at Rs 138.10, a 48 per cent premium over its issue price of Rs 93 per share on the National Stock Exchange (NSE). The stock of the tour and travel related company later moved higher to Rs 147.65, a 59 per cent over its issue price.

On the BSE, the shares of Le Travenues Technology listed at Rs 135, a 45 per cent premium against its issue price of Rs 93 per share.

Before summit with N Korea's Kim, Putin vows to beat sanctions together

Before summit with N Korea's Kim, Putin vows to beat sanctions together

Russian President Vladimir Putin thanked North Korea for supporting his actions in Ukraine and said their countries will cooperate closely to overcome US-led sanctions as he headed to Pyongyang on Tuesday for a summit with North Korean leader Kim Jong Un.

Putin's comments appeared in an op-ed piece in North Korean state media hours before he was expected to arrive in the North for a two-day visit as the countries deepen their alignment in the face of separate, intensifying confrontations with Washington.

Google, Microsoft want nuclear power but doesn't see role as investor

Google, Microsoft want nuclear power but doesn't see role as investor

Big technology companies including Microsoft Corp. and Google are eager to see more nuclear energy feeding their power-hungry data centers, but are far less willing to provide the capital needed to pay for a growing interest in reactors.

While artificial intelligence and data centers are expected to boost power consumption in the US for the first time in a generation.

Ashmore plans to buy more Indian bonds as JPMorgan inclusion nears

Ashmore plans to buy more Indian bonds as JPMorgan inclusion nears

Ashmore Group Plc plans to boost its holdings of Indian government bonds as they get included into the JPMorgan Chase & Co.’s key emerging-market index by the end of June.

Higher yields and slowing inflation in the country boost the allure of the bonds, according to Gustavo Medeiros, head of research for Ashmore, which manages assets of about $51.9 billion. He likes bonds with 10-year maturity.

Kanchanjunga Express train accident in Bengal kills 9, some feared trapped

Kanchanjunga Express train accident in Bengal kills 9, some feared trapped

At least 9 people were killed, and about 40 were injured in a train collision in West Bengal's Darjeeling district on Monday. According to officials, a goods train collided with the Sealdah-bound Kanchanjunga Express, causing the derailment of three compartments of the passenger train.

Some people are feared to be trapped inside the toppled carriages, and a frantic rescue operation to find them has been launched.

Paytm in talks with Zomato to sell its movie & event ticketing business

Paytm in talks with Zomato to sell its movie & event ticketing business

Paytm is in talks with Zomato Ltd. to sell its movie and events ticketing business, according to people familiar with the matter, as the beleaguered fintech company carves a revival strategy amid weakening sales.

The discussions between Paytm, officially known as One97 Communications Ltd., and online food delivery firm Zomato are in advanced stages, though there are other suitors for the business, the people said, declining to be named as the matter is private. Talks are ongoing and no final decision has been made, the people said.

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