News LIVE: Heavy rains lash Mumbai leading to water logging, traffic snarls

Live news updates: Several parts of Mumbai have been affected by waterlogging, including the Andheri subway and Bhoiwada, leading to traffic snarls in the city.

5:14 PM

J&K: Amarnath yatra resumes from both Panchtarni and Baltal areas

4:31 PM

After Gujarat, now fake cricket league with Russian, Pakistan link busted in UP

4:15 PM

We inaugurate everything that we lay the foundation stone of: PM Modi

3:49 PM

PM Modi offers prayers at Baba Baidyanath Temple in Deoghar

2:56 PM

Sri Lanka stops president's brother from flying out as anger surges

Sri Lankan immigration officials said on Tuesday they prevented the president's brother and former finance minister Basil Rajapaksa from flying out of the country, as anger mounted against the powerful family for a debilitating economic crisis.

 

It was not immediately clear where Rajapaksa, who also holds U.S. citizenship, was trying to go. He resigned as finance minister in early April as street protests surged against shortages of fuel, food and other necessities, and quit his seat in parliament in June.

 

His elder brother Gotabaya Rajapaksa will resign as president on Wednesday to make way for a unity government, after thousands of protesters stormed his and the prime minister's official residences on Saturday demanding their ouster.

2:49 PM

Banks gross NPA at 5.9 per cent, a 6-year low: CARE Ratings

Even though the gross non-performing assets (GNPA) of scheduled commercial banks in India has hit a six year low of 5.9 per cent in FY22, it can improve further, said CARE Ratings in a report.

According to the credit rating agency, the GNPA of Indian banks at the end of FY22 was at 5.9 per cent and the overall provision coverage ratio (PCR) went up to 70.9 per cent.

"As the Indian economy has navigated the pandemic-induced shocks, the bank credit growth by scheduled commercial banks (SCBs) improved post-August 2021 to reach 13.1 per cent in early June 2022, a rate last recorded in March 2019," the report said.

2:39 PM

Harmanpreet, Mandhana rise in rankings after splendid show in Sri Lanka

Indian women's team captain Harmanpreet Kaur climbed one place to 13th while her deputy Smriti Mandhana was placed ninth in the ICC Women's ODI rankings released on Tuesday.

Harmanpreet scored 119 runs at an average of 59.50 and picked three wickets in India's 3-0 sweep of Sri Lanka in the recently- concluded ODI series. She was also named the Player of the Series for her solid all-round performance.

Mandhana also had a decent show against the Lankans, having scored 104 runs in three matches at an average of 52.

2:38 PM

RBI approves appointment of Meena Hemchandra as part-time chairman of Karur Vysya Bank

Private sector lender Karur Vysya Bank on Tuesday said the Reserve Bank of India (RBI) has approved the appointment of former RBI executive Meena Hemchandra as part-time chairman of the bank for three years.

In May, the bank had recommended Hemchandra's candidature for the position of non-executive independent (part-time) chairperson of the bank to the RBI for approval.

"We wish to inform...Reserve Bank of India vide their letter dated July 11, 2022, accorded their approval for the appointment of Meena Hemchandra as part-time chairman of the bank," Karur Vysya Bank said in a regulatory filing.

2:09 PM

PM Modi inaugurates Deoghar airport, flags off flight to Kolkata

Prime Minister Narendra Modi on Tuesday inaugurated the 657-acre Deoghar airport, constructed at a cost of Rs 401 crore.

He also flagged off the Deoghar-Kolkata IndiGo flight from the new airport.

The airport has a 2,500-metre-long runway, which can handle the landing and takeoff of Airbus A320 planes.

2:07 PM

Adityanath accuses previous govts of 'conspiring' to end key UP police force

Uttar Pradesh Chief Minister Yogi Adityanath on Tuesday accused the previous state governments of trying to play with the security of the state by hatching a conspiracy to end the PAC.

Addressing the passing-out parade of the recruits of the Provincial Armed Constabulary (PAC), Adityanath without taking any names, said "as a part of a conspiracy, there were efforts to end 54 companies. Today, when I see the splendid parade of the recruits, I myself am realising how a big conspiracy was hatched."

"A despicable effort was made to stop these talented youths from joining the police force of the state and become a part of it, so that they can be prevented from serving the state and the nation," Adityanath said.

2:00 PM

ICRA expects hotel industry revenues, margins to return to pre-COVID levels in FY23

The hotel industry's revenues and margins are expected to return to pre-COVID levels in 2022-23 despite potential impact on demand in case of further waves of the pandemic, according to ratings agency ICRA.

Domestic leisure and transient travel will be the main demand drivers, although there will be a gradual recovery in business travel and foreign tourist arrivals (FTAs), ICRA said in a statement.

Pan-India premium hotel occupancy is expected to be at 68-70 per cent for FY2023, it said adding the average room rate (ARR) is expected to hover around Rs 5,600-5,800.

1:59 PM

Oppn's presidential candidate Yashwant Sinha to visit Patna on July 15

Opposition's presidential pick Yashwant Sinha is scheduled to visit Patna on July 15 to garner support for the July 18 poll.

The opposition parties, including RJD and Left, have pledge their support to him. The preparation for the July 15 event has already begun with RJD leader Tejashwi Yadav directing all 80 MLAs and Rajya Sabha MPs to stay put in the state capital.

Sinha is contesting against NDA candidate Draupadi Murmu. Though the former's position is said to be weak, the opposition parties are supporting him to convey a strong message to Prime Minister Narendra Modi that the coming days, especially the 2024 Lok Sabha polls, will not be a cakewalk for him.

1:35 PM

Govt appoints 29 members in Board of Trade

The government has nominated 29 non-official members from large and small enterprises and different sectors in the Board of Trade, chaired by the commerce and industry minister.

The board, which includes participants from states, union territories, senior officials from public and private sectors, provides a platform to discuss ways on boosting manufacturing and exports.

In 2019, the government had merged the Council of Trade Development and Promotion with the Board of Trade to bring greater coherence in the consultation process with all stakeholders for promoting exports and imports, according to a notification of the commerce ministry.

1:13 PM

Debasish Nanda takes over as CIL's Director, Business Development

Coal India Ltd on Tuesday said Debasish Nanda has taken over as its first Director, Business Development.

Before joining CIL, Nanda was working as Executive Director (Gas) in Indian Oil, the company said in a statement.

Nanda is a graduate in mechanical engineering from UCE Burla, Sambalpur University, a post-graduate in production engineering from REC Rourkela and a Masters in International Business from IIFT, New Delhi.

1:12 PM

Japanese say final goodbye to former leader Abe at funeral

Japanese bid their final goodbye to former Prime Minister Shinzo Abe on Tuesday as a family funeral was held at a temple days after his assassination that shocked the nation.

Abe, the country's longest-serving prime minister who remained influential even after he stepped down two years ago, was gunned down Friday during a campaign speech in the western city of Nara.

Hundreds of people, some in formal dark suits, filled pedestrian walks outside of the Zojoji temple in downtown Tokyo to bid farewell to Abe, whose nationalistic views drove the governing party's ultraconservative policies.