Information technology industry veteran T V Mohandas Pai has said the havoc caused in Bengaluru due to heavy rains was a result of multiple factors, including bad governance, high corruption and lack of urban reforms.

Both political leaders and bureaucrats have failed the citizens, the former Chief Financial Officer of IT major Infosys Ltd said on the floods in parts of Bengaluru following two days of torrential rains.

Shares of Reliance Capital (RCap) were locked in upper circuit for the fifth straight day, up 5 per cent at Rs 17.93 on the BSE in Wednesday’s trade in an otherwise weak market. Till 11:07 am, a combined 2.03 million equity shares had changed hands and there were pending buy orders for 1.2 million shares on the NSE and BSE. In comparison, the S&P BSE Sensex was down 0.59 per cent at 58,845.

In the past one week, the stock price of RCap has surged 27 per cent, as compared to 1.2 per cent decline in the benchmark Sensex.

Textile service company Lindstrom India, subsidiary of Lindstrom Oy, Finland, has ramped up its operations in the workwear service unit here as it aims to serve the growing demand in the southern parts of the country, a company official said on Wednesday.

With the expansion in operations, the Chennai unit is expected to employ about 100 people, Lindstrom Group, President and CEO Juha Laurio said.

The income tax department on Wednesday launched raids in multiple states as part of a tax evasion probe against registered unrecognised political parties (RUPP) and their alleged dubious funding, official sources said.

The searches are being conducted in Gujarat, Delhi, Uttar Pradesh, Maharashtra, Haryana and some other states, they said.

AAP national convenor and Delhi Chief Minister Arvind Kejriwal will bring 130 crore Indians together for his path-breaking nationwide campaign, 'Make India No 1', that he will be launching from his birthplace Hisar in Haryana on Wednesday.

"We all have to come together to Make India No 1 and we have to form an alliance of 130 crore Indians, I will embark on a nation-wide journey to fulfil this cause," he said in a statement.

India saw a single day rise of 5,379 coronavirus infections, taking the tally of COVID-19 cases to 4,44,72,241, according to the Union health ministry data updated on Wednesday.

Active Covid cases have declined to 50,594, while the death toll has climbed to 5,28,057 with 27 fatalities, including 11 deaths reconciled by Kerala, the data updated at 8 am showed.

Amid the debate over the freebies by the political parties, Telangana Chief Minister K Chandrashekar Rao on Monday announced to provide a "free" power supply to all farmers of the country "if a non-BJP government comes to power" after the 2024 Lok Sabha elections.

The announcement by the Chief Minister came days after the Supreme Court on August 26 referred the freebies case to a three-judge bench while saying that the issue of freebies promised by the political parties during election campaigns requires extensive debate.

Bihar Chief Minister Nitish Kumar met Congress leader Rahul Gandhi in the national capital on Monday and discussed the strategy for the upcoming 2024 Lok Sabha polls and the possibility of bringing like-minded parties together.

According to Congress sources, Kumar, who met Gandhi for the first time since his reunification with the Mahagathbandhan, of which Congress is a part in Bihar, expressed gratitude to the Wayanad MP for his party's support to his government.

A business delegation from India under the aegis of the commerce ministry visited South American nations like Colombia, Bolivia, Peru and Brazil to discuss a roadmap for greater access to Indian pharma companies in their respective markets, reported Livemint.

The delegation visited the countries from 30 July-13 August to meet with the health ministries and regulatory agencies of these countries to further discuss the roadmap for greater market access to Indian pharmaceutical companies.

Kalpataru Power Transmission Ltd (KPTL) on Tuesday said the company and its international subsidiaries have secured new orders worth Rs 1,345 crore.

In a regulatory filing KPTL said, the company and its international subsidiaries have secured new orders/notification of awards of Rs 1,345 crore.

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