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Biden welcomes hostage release, ceasefire deal, commends Trump

Biden welcomes hostage release, ceasefire deal, commends Trump

In a major breakthrough toward ending months of violence, the last 20 remaining hostages held in the Israel-Gaza conflict have been released, reuniting with their families after enduring what Former US President Joe Biden described as "unimaginable hell."

In a statement issued following the news, Biden expressed deep gratitude and relief over the release and the renewed ceasefire deal that made it possible.

Dubai's Emirates NBD eyes majority control in RBL Bank for ₹15,000 cr

Dubai's Emirates NBD eyes majority control in RBL Bank for ₹15,000 cr

Dubai-based Emirates NBD Bank is in advanced talks to acquire a 51 per cent stake in Indian private lender RBL Bank, Mint reported, citing two sources.

The group is expected to buy around 26 per cent from institutional investors and then make an open offer for an additional 25 per cent, the report added.

EPFO liberalises EPF partial withdrawals; members can withdraw up to 100%

EPFO liberalises EPF partial withdrawals; members can withdraw up to 100%

The board of retirement fund body EPFO on Monday approved liberalised part withdrawals for its more than seven crore subscribers, allowing up to 100 per cent EPF withdrawal.

The Central Board of Trustees (CBT), the apex decision-making body of EPFO, headed by Labour Minister Mansukh Mandaviya, took several path-breaking decisions during its meeting, a Labour Ministry statement said on Monday.

Joel Mokyr, Philippe Aghion, Peter Howitt win Nobel Prize in Economics

Joel Mokyr, Philippe Aghion, Peter Howitt win Nobel Prize in Economics

The 2025 Nobel Prize in Economic Sciences has been awarded to Joel Mokyr, Philippe Aghion, and Peter Howitt for their work on "innovation-driven economic growth", the Nobel Committee said on Monday.

Mokyr of Northwestern University received one half of the prize for identifying the prerequisites for sustained growth through technological progress.

Mankind Pharma MD Rajeev Juneja appointed new president of PHDCCI

Mankind Pharma MD Rajeev Juneja appointed new president of PHDCCI

The PHD Chamber of Commerce and Industry (PHDCCI) has announced a new leadership team, appointing Rajeev Juneja as its president. Juneja, who serves as vice-chairman and managing director of Mankind Pharma, succeeds Hemant Jain, who now serves as the immediate former president.

Foxconn to invest ₹15,000 cr in Tamil Nadu, create 14,000 engineering jobs

Foxconn to invest ₹15,000 cr in Tamil Nadu, create 14,000 engineering jobs

The world’s largest electronics contract manufacturing firm, Foxconn Group, will invest around ₹15,000 crore in Tamil Nadu and create 14,000 high-value engineering jobs as part of its next phase of expansion in the state, state industries minister TRB Rajaa said on Monday. The new investments will primarily focus on artificial intelligence-led advanced tech operations, value-added manufacturing, and research and development integration.

UP's share in national tourism increased from 13.1 to 18.9%: CM Yogi

UP's share in national tourism increased from 13.1 to 18.9%: CM Yogi

Tourist visits in Uttar Pradesh surged by 43.4 crore between 2016 and 2023. UP Chief Minister Yogi Adityanath said that 21.5 crore tourists visited in 2016, this number has surged to 64.9 crore by 2024. From the perspective of national tourism, Uttar Pradesh's share was 13.1 per cent in 2016, which has increased to 18.9 per cent by 2023.

In a Tweet on X, the UP CM said, "Under the guidance of the esteemed Prime Minister @narendramodi ji, the new Uttar Pradesh has today become an inspiration for the nation, transforming through tourism.

Bombay HC grants interim stay on 18% GST for hotel-based restaurants

Bombay HC grants interim stay on 18% GST for hotel-based restaurants

The Bombay High Court has granted an interim stay in a case challenging the higher Goods and Services Tax (GST) rate of 18 per cent levied on restaurants operating within premium hotels, compared to 5 per cent for standalone restaurants, according to a report by The Economic Times.

The matter will be heard next on November 19. According to the report, the High Court has also issued notices to the Centre, the Maharashtra government, the GST Council, and other state authorities.

Two reasons why IndiGo stock was cut to 'Reduce' at JM Financial

Two reasons why IndiGo stock was cut to 'Reduce' at JM Financial

JM Financial downgraded the stock of InterGlobe Aviation (IndiGo) to 'Reduce', citing that an increased fuel cost and weak rupee are expected to "adversely" impact its second-quarter earnings.

The brokerage cut the rating to 'Reduce' from 'Hold' with a target price of ₹5,570 per share, a downside of 2.8 per cent from Friday's close.

Opening top PSB posts to pvt sector a 'dangerous precedent': Bank unions

Opening top PSB posts to pvt sector a 'dangerous precedent': Bank unions

The United Forum of Bank Unions (UFBU), representing nine unions of officers and workmen across public sector banks (PSBs) on Friday strongly opposed the Centre’s recent move to open up top management positions in PSBs, the Life Insurance Corporation of India (LIC), and non-life insurance companies to private sector candidates. Calling it “an attack on the public character of national institutions”, the UFBU has demanded immediate withdrawal of the revised consolidated guidelines issued by the Appointments Committee of the Cabinet (ACC).

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