LIVE: Byju's CEO Raveendran, his family voted out of the board at EGM

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10:02 PM

Election rigging allegations made by Pakistan's ex-bureaucrat 'false', 'based on lies': Inquiry committee

A high-level inquiry committee constituted by Pakistan's top electoral body on Friday said that the explosive allegations of election rigging levelled by a former senior bureaucrat were "false and based on lies'. The report of the probe committee came a day after Rawalpindi's former Commissioner Liaquat Ali Chattha on Thursday took a U-turn and withdrew his allegations, saying he had made the rigging charges at the behest of ex-prime minister Imran Khan's party which offered him a "lucrative position". In its report submitted on Friday, the committee constituted by the Election Commission of Pakistan (ECP) recommended legal action against Chattha for making “false accusations and potentially impacting the commission's integrity”, ARY News reported citing sources. The committee thoroughly investigated the allegations, reviewing evidence and interviewing relevant officials. Their findings, as per sources, conclusively debunked the claims of rigged elections, it said. The allegations of election rigging made by the former Rawalpindi Commissioner were "false and based on lies", the committee said. The Samaa TV also reported that the committee's report has recommended legal action against Chattha for making false accusations and potentially impacting ECP's integrity.

8:53 PM

Toyota Kirloskar Motor recalls 269 units of Land Cruiser 300

Toyota Kirloskar Motor is recalling 269 units of its sports utility vehicle Toyota Land Cruiser 300 to reprogramme the automatic transmission ECU software. The company is recalling the model manufactured between February 12, 2021 and February 1, 2023, the automaker said in a statement. The recall, involving 269 units, aims to reprogram the automatic transmission ECU software, it added. As of now, there have been no reported cases related to the affected part, Toyota Kirloskar Motor said.

8:06 PM

Zee Entertainment forms independent advisory panel to curb erosion of investor wealth

Zee Entertainment Enterprises Ltd on Friday said its board has constituted an independent advisory committee headed by Satish Chandra, retired judge of Allahabad High Court, to curb erosion of its investor wealth in the wake of speculations, leading to negative public opinion of the company, PTI reported. Earlier this week, media reports said market regulator Sebi has found financial discrepancies in the accounts of the company, although it asserted that the reports-related accounting issues are "incorrect and false". "The board of ZEE Entertainment Enterprises Ltd (ZEEL), has approved to constitute an independent advisory committee that will enable it to review and take cognizance of the widespread circulation of misinformation, market rumours, and speculation that has led to the formation of negative public opinion about the company and consequent erosion of investor wealth," ZEEL said in a statement. The committee will be presided by Dr Satish Chandra, a former judge of Allahabad High Court.

7:44 PM

India needs multi-pronged approach for ESDM sector, says PwC India report

India needs a multi-pronged approach for the Electronics System Design and Manufacturing (ESDM) sector to leverage the momentum for value chain resilience, as the window of opportunity created by the current geopolitical context is very small, according to a report. "Decisive policy action is the need of the hour," said PwC India's report on 'The India Opportunity: Developing Resilient Electronics Supply Chains'. It noted that India is uniquely placed among global economies, having garnered goodwill as a reliable partner for countries across the world. "The country must now leverage this momentum to ensure that its internal strategy and operations enable it to become future ready. A multi-pronged approach is essential to ensure that the centre of the ESDM sector in India holds firm," the report said.

7:40 PM

Finance minister Sitharaman asks govt depts to surrender unspent Budgetary allocation by March 8

Finance Ministry has asked other ministries and departments to surrender unspent Budgetary allocation for 2023-24 by March 8. The last date for accepting the Surrender of Savings anticipated in the grants for 2023-24 has been fixed as March 8, 2024, an office memorandum issued by the Department of Economic Affairs dated February 22 said. It is requested that the details of surrender of savings under each unit of appropriation may be sent to the Budget Division, Ministry of Finance by the said date in a specified format, it said.

7:37 PM

Political news: Youngsters protesting against paper leak, PM Modi misleading them: Rahul Gandhi

Congress leader Rahul Gandhi on Friday said youngsters from Lucknow to Prayagraj have taken to the streets against the alleged paper leak in police recruitments, while Prime Minister Narendra Modi is "misleading" them in Varanasi. He also shared a video on X of youngsters protesting on the streets against the paper leak in police recruitment exams and said Modi is lecturing them about their own backyard. "From Lucknow to Prayagraj, youngsters are on the streets over the paper leak in police recruitments. And just 100 km away in Varanasi, the prime minister is misleading them...," Gandhi said in a post in Hindi on the microblogging platform.

6:49 PM

Byju's shareholders at EGM unanimously vote for removal of founder CEO Byju Raveendran, family: Prosus

Byju's shareholders at EGM unanimously vote for removal of founder CEO Byju Raveendran and family, shareholder Prosus said.

6:35 PM

ArcelorMittal's Zenica steel plant in Bosnia reports $88 mn net loss

ArcelorMittal's Zenica steel plant in Bosnia suffered a loss of 159 million Bosnian marka ($88.2 million) in 2023, with long-term debt up 400% at 80 million marka, it said on Friday. The results were hit by a 12% annual drop in demand, a 20% rise in electricity prices and 22% lower prices of the metal on the global market, the Bosnian business added. "As our 2023 financial results published today show, ArcelorMittal Zenica has found itself in a very challenging situation," the company said, adding that it did not expect market conditions to improve in the coming months. In January, the ArcelorMittal Zenica resumed output after halting production in November due to a drop in steel demand in Europe.

6:24 PM

Political updates: Samajwadi Party MLA Rais Shaikh demands quota for Muslims in Maharashtra

Samajwadi Party MLA Rais Shaikh has written to Maharashtra Chief Minister Eknath Shinde demanding a five per cent reservation for the Muslim community in government jobs and education in the state. The MLA from Bhiwandi in Thane district shared a copy of the letter with the media on Friday. Notably, the Maharashtra legislature earlier this week passed a law providing ten percent quota for the Maratha community. The earlier Congress-NCP government had given five percent reservation to Muslims in education by issuing an ordinance, and the Bombay High Court too upheld it, but the ordinance was not converted into law, Shaikh said in the letter.

6:22 PM

Tata Housing sells residential plots worth Rs 650 cr in Bengaluru

Realty firm Tata Housing has sold plots worth Rs 650 crore in its recently launched residential project in Bengaluru. In a statement, the company on Friday said it has sold all inventories in the first phase of its project, Raagam, achieving revenue of over Rs 650 crore within one week of its launch. "With 576 plots sold and a total area of 9 lakh square feet, the project's overwhelming response reflects the robust demand for premium residential offerings in Bengaluru's real estate market," it said. The project is part of township 'Tata Carnatica' in Devanahalli, North Bengaluru.

4:55 PM

NPCI to look into Paytm's request to become 3rd party app provider

Reserve Bank of India today said NPCI has been asked to examine the possibility of it becoming a third party application provider for continued UPI operations of the Paytm app. Paytm Payments Bank has been barred from accepting further credits into its customer accounts and wallets after March 15, 2024.  

"National Payments Corporation of India (NPCI) has been advised by the RBI to examine the request of One97 Communication Ltd (OCL) to become a Third-Party Application Provider (TPAP) for UPI channel for continued UPI operation of the Paytm app, as per the norms," RBI said.

4:49 PM

News update: BJP-JD(S) stage protest in Karnataka Assembly over passage of resolutions criticising Centre

The opposition BJP and JD(S) protested against the Congress government in Karnataka over passing of resolutions targeting the Narendra Modi-led central government, leading to adjournments.The Opposition alliance demanded that the government withdraw the resolutions. Leader of Opposition R Ashoka  read out a "counter resolution" taking jibes at the resolutions moved and passed by the government on Thursday as "false, imaginary and politically motivated". As the opposition's resolution was read without following due procedures, it was not considered or put to vote.

4:25 PM

RBI asks NPCI to examine use of UPI channel to allow Paytm app to continue operations

RBI has asked NPCI to examine use of UPI channel to allow Paytm app to continue operations. It further asked NPCI to facilitate migration of Paytm handles to 4-5 banks, PTI reported. 

4:01 PM

I remain vocal for local, ambassador of small farmers and entrepreneurs: PM Modi at Varanasi rally

I remain vocal for local, ambassador of small farmers and entrepreneurs, said PM Modi at rally in Varanasi. He further added that animal husbandry is a medium to make women self-reliant and a support for small and landless farmers.

3:58 PM

UP was left behind in development for decades due to 'parivarvaad', corruption, appeasement: PM Modi

Uttar Pradesh was left behind in development for decades due to politics of 'parivarvaad', corruption and appeasement, says PM Modi in Varanasi

3:55 PM

Those not in 'hosh' themselves call youth 'nasheri': PM Modi takes jibe at Rahul Gandhi in Varanasi

Those not in 'hosh' (senses) themselves call youth 'naseri' (intoxicated), says PM Modi in an apparent attack on Congress leader Rahul Gandhi at a public rally in Varanasi. 

3:27 PM

Alstom starts production of Metropolis trainsets for Delhi Metro

French company Alstom today stated it has started the production of Metropolis trainsets for the fourth phase of the Delhi Metro. The French rolling stock manufacturer said in a statement that the order aims to deliver 52 train sets, each comprising six cars.

3:22 PM

Speed of development of Varanasi has increased in last 10 years, says PM Modi

The government is committed to improving lives of people in Kashi, PM Modi said on Friday after inaugurating and laying foundation of projects worth Rs 13,000 crore in Varanasi. The pace of development of Varanasi has increased in last 10 years, PM Modi said adding that Varanasi has made him a 'Banarasi': 

 

3:14 PM

PM inaugurates Amul's Banas Kashi Sankul milk processing unit

2:42 PM

News update: Jharkhand HC refuses to quash defamation case against Rahul Gandhi over his remarks on Amit Shah

2:22 PM

PM Modi arrives at public event to inaugurate various development projects

2:19 PM

Delhi LG writes to CM for tabling of CAG reports in budget session of assembly

Delhi LG V K Saxena has wrote a letter to Chief Minister Arvind Kejriwal regarding five CAG reports "pending" with Finance Minister Atishi since August, 2023. He also requested CM Kejriwal to advise the finance minister to "expeditiously process" the reports concerning state finances.

 

2:11 PM

BRS chief K Chandrasekhar Rao pays last respects to party legislator Lasya Nanditha

Bharat Rashtra Samithi (BRS) chief K Chandrasekhar Rao in Hyderabad paid his last respects to party MLA Lasya Nanditha who lost her life in a road accident. He also met her family members.

 

2:09 PM

Opposition making claims about handing over ‘Mahanand' to Gujarat for political gains: Dy CM Ajit Pawar

Maharashtra Deputy Chief Minister Ajit Pawar today said that the opposition in Maharashtra is making false allegations over Mahanand Dairy, a state government undertaking, for political gains. Pawar was speaking to reporters after attending district-level meetings of various departments.

2:07 PM

PM Modi to inaugurate Amul Banas dairy plant in Varanasi

 

 

1:58 PM

Latest round of mob frenzy rocks Sandeshkhali, DGP pledges stern action

As the latest round of protests rocked parts of trouble-torn Sandeshkhali in West Bengal's North 24 Parganas district, West Bengal DGP Rajeev Kumar charged to the spot and pledged action against the troublemakers. On Friday morning, a mob set fire to properties belonging to TMC leaders accused of sexual abuse of women and forcible land grabbing in the area. The crowd, armed with sticks, set ablaze thatched structures near a fishing yard in Belmajur area of Sandeshkhali, venting their fury against the elusive TMC leader Shahjahan Sheikh and his brother Siraj.

1:53 PM

News update: Over 300,000 skip UP board exams held under strict anti-cheating measures

 Introduction of ID cards with barcodes for room inspectors, monitoring with CCTV cameras and police surveillance, and online monitoring of exam centres were some of the  several measures taken by UP Board to ensure no cheating takes place during the exams. The UP Board's high school and intermediate exams saw over 300,000 students skipping the exams on the first day.

12:56 PM

Byju's investors file mismanagement suit against co-founder Raveendran

Four investors of Byju's have filed an oppression and mismanagement suit against the management of the firm before the Bengaluru bench of the NCLT, seeking declaring of founders, including CEO Byju Raveendran, as unfit to run the company, and appointing a new board. Besides, the suit has sought declaring the just concluded rights issue as void.

12:52 PM

PM Modi in Varanasi: INDIA alliance conducting politics of selfishness in the name of caste welfare, says PM

"Words of saints show us the path in every era and even warn us. Ravidas ji used to say that most people get entangled in caste and creed. This harms humanity. When someone discriminates against someone on the basis of caste and creed, they are harming humankind. If someone instigates someone in the name of caste and creed, he too harms humankind. So, the Dalits and backwards of the country had to note that people of INDI Alliance who believe in instigating people and making them fight each other in the name of caste oppose the policies that are for the welfare of Dalits and backwards. Truth is that they do politics of selfishness in the name of caste welfare," says Prime Minister Narendra Modi. 

12:47 PM

News update: ED conducting raids at SP leader Vinay Shankar Tiwari's residence

The Enforcement Directorate is raiding several locations in Uttar Pradesh including the residence of Samajwadi Party leader Vinay Shankar Tiwari in a money laundering case, news agency ANI reported today citing sources.