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The NHRC has issued a notice to the railways and the police chief of Jharkhand over electrocution of six contract labourers while they were installing a truss pole to support the overhead railway power lines in Dhanbad rail division, officials said on Thursday.
Apparently, the incident, which took place on May 29, amounts to "contributory negligence" of the public servant who "failed to supervise the work of the contractor effectively", and therefore, it is a matter of concern for the Commission, the rights panel said in a statement.
The National Human Rights Commission (NHRC) said it has taken suo motu cognisance of a media report that six contract labourers were electrocuted while installing a truss pole to support the overhead railway power line near Nichitpur railway crossing, on the Dhanbad-Gaya section in Dhanbad rail division. Reportedly, the contractor had not taken steps to get the power supply blocked before starting the work, it said.
The Commission has observed that the 

Electricity cables are seen in Tyre, Lebanon (File photo: Reuters)

Electricity cables

Press Trust of India

KarmaLife on Thursday said it has raised Rs 44 crore in an extension to pre-series funding round led by Krishna Bhupal's family office and existing investors.
The round saw participation from existing investors, including Artha Venture Fund, Net Graph Investments, Singularity Ventures, LogX Venture Partners, Amit Jain, Vikram Kailas, and Shaji Kumar Devakar, the company said in a statement on Thursday.
Founded by Rohit Rathi, Naveen Budda, and Badal Malick in March 2020, KarmaLife operates in a business-to-business-to-consumer model and has partnered with over 50 organisations, which includes Flipkart, Elastic run, Uber, Porter, and Delhivery, among others, to give their employees an option to access their payout before payday.
The credit solutions provider startup will use the capital for scaling, expanding into different geographies, launching more products, and spreading awareness about the product, the company founders said.
It currently serves over 1,00,000 blue-collar workers

startups, funding, business

Strong increase in line with GDP growth estimate in FY24, say experts

Business Standard

Tata Group-owned Air India Express and AirAsia India together have recruited more than 800 trainee cabin crew members in the last one year.
Besides, Air India Express, which is the international budget arm of Air India, has added over 280 pilots during the one year from June 2022.
The induction process, which started in June last year attracted a diverse pool of candidates, through joint walk-in recruitment drives conducted across  various metro cities and small towns, Air India Express said in a release on Thursday.
Last year, Tata Group acquired Air India along with Air India Express and a 50 per cent stake in ground handling firm Air India SATS Airport Services Pvt Ltd (AISATS).
The Group currently fully owns three airlines -- Air India, Air India Express and AirAsia India while it holds 51 per cent ownership in its joint venture airline with Singapore Airline, Vistara, which is also being merged with Air India.
The large-scale recruitment is a significant milestone in the ongo

Air India

Nigeria's state owned oil company NNPC will soon end its monopoly on petrol supplies, its chief executive told local television, a day after it nearly tripled prices at its fuel stations countrywide

fuel

Reuters

Billionaire Gautam Adani's conglomerate is looking to raise about USD 3 billion through an equity share sale to institutional investors in the boldest comeback strategy after the ports-to-energy group was hit by a damning report of a US short seller.
While boards of Adani Enterprises Ltd - the group's flagship firm - and electricity transmission company Adani Transmission Ltd have already approved raising up to Rs 21,000 crore (over USD 2.5 billion) through share sales to qualified institutional investors, the board of Adani Green Energy Ltd is likely to do so for raising up to USD 1 billion in the next couple of weeks, sources aware of the matter said.
Post-board approvals, Adani Enterprises Ltd and Adani Transmission Ltd have sought shareholder approval.
Adani Green Energy Ltd's board may meet in the first or second week of June for approving the fundraising, they said.
The entire fundraising of USD 3.5 billion, which would go to fund the capital expenditure needs of the group, i

Adani, Adani Group

Stocks setting new 52-week highs demonstrate aggressive chart structures

stocks, small cap stocks, mid cap stocks

By comparison, their combined net sales (gross interest income for BFSI companies) were up 14.3 per cent YoY to Rs 33.2 trillion in Q4FY23, from Rs 29 trillion a year ago

The combined net profit of 20 cyclical companies in the index is expected to grow by 38.8 per cent YoY to Rs 1.01 trillion

q4 earnings, companies results

CLOSING BELL ON JUNE 01, 2023: The NSE Nifty 50 settled with a loss of 47 points below the 18,500-mark. Overall market breadth was fairly positive.

BSE, NSE, Sensex, Nifty, stock markets

Manufacturing and construction sectors surprise on the upside

manufacturing

Strategy forms part of lender's aim to expand its network to 200 branches

banks

Reliance Capital, a part of debt-ridden Anil Ambani-promoted Reliance Group on Saturday said its consolidated net loss narrowed to Rs 1,488 crore in the fourth quarter ended March 2023.
The company posted a net loss of Rs 4,249 crore in the January-March quarter of the last fiscal.
Its total consolidated income declined to Rs 4,436 crore in the quarter from Rs 4,770 crore in the year-ago period, Reliance Capital said in a regulatory filing.
The total expenses decreased to Rs 5,949 crore against Rs 8,982 crore in  the corresponding quarter of the preceding fiscal.
On a standalone basis, the company posted a net loss of Rs 1,389 crore compared to Rs 25 crore a year ago.
The total income declined to Rs 3 crore in the March 2023 quarter from Rs 5 crore in the year-ago period.
The company is under the insolvency process since November 29, 2021, when the Reserve Bank of India (RBI) superseded the board of Reliance Capital in view of payment defaults and serious governance issues.
The

Reliance Capital

Hundreds of students carrying placards and banners participated in a walkathon here on Monday to raise awareness about the plastic ban in the region.
Councillors of different wards and students from over 40 educational institutions, including schools and colleges, joined the 'Say No To Polythene' walkathon, which commenced from the Parade Ground and concluded at Hari Singh Park here.
"We appeal to the people of Jammu to support the ban on polythene. Today's programme aims to create awareness about the harmful effects of polythene. Students from schools and colleges are actively participating in this initiative," Arun Khanna, chairman of the Health and Sanitation Committee at the Jammu Municipal Corporation (JMC), told PTI.
"We need to reduce the usage of polythene due to its harmful impact. Accidental ingestion of polythene by animals or birds can result in their death or cause severe injuries," said Bhakti Dogra, a student who participated in the walkathon organised by the ...

plastic, waste, environment, plastic pollution

Asserting that the NDA has provided a corruption-free government to the nation in the last nine years, Union minister G Kishan Reddy on Monday claimed that the inflation rate in India was lesser than many other countries including the United States, United Kingdom and Germany.
Reddy, who visited Bhubaneswar on the occasion of the BJP-led National Democratic Alliance (NDA) government completing nine years in power at the Centre, told reporters, "The inflation rate in India is lesser than many developed countries including the US, UK, Germany and Japan. Even the fuel price in the country is lesser than many nations."
On a query about unemployment, the Union Minister for Culture, Tourism And Development Of North Eastern Region (DoNER) claimed that the Centre is filling up "80,000 posts every month" and many youths are getting jobs in different sectors due to overall growth.
He said India is manufacturing everything from toys to trains and defence equipment and youths will be benefited 

Tourism Minister G Kishan Reddy

A promoter of Gravita India on Monday divested a 4.6 per cent stake through an open market transaction for Rs 181 crore.
Rajat Agrawal (promoter) of Gravita India offloaded the shares.
According to the block deal data available with the National Stock Exchange (NSE), Rajat Agrawal sold 32 lakh shares, amounting to a 4.6 per cent stake in Gravita India.
The shares were disposed of at an average price of Rs 565 apiece, taking the transaction value to Rs 180.80 crore.
The shares were picked up by affiliates of financial company Nomura Holdings.
On Monday, shares of Gravita India rose 1.45 per cent to close at Rs 578.90 per piece on the NSE. During the day, the scrip hit a 52-week high of Rs 601 apiece.

NSE, national stock exchange, nifty50

India has witnessed a significant transformation in several areas since 2014 and will emerge as a key driver for Asian and global growth, says a Morgan Stanley research report on Wednesday.
India of today, the report said, is different from what it was in 2013.
"In a short span of 10 years, India has gained positions in the world order with significant positive consequences for the macro and market outlook," it said.
India, according to the report, "will emerge as a key driver for Asia and global growth."
On the skepticism about India, particularly with overseas investors, who say India has not delivered its potential -- despite it being the second-fastest growing economy and among the top-performing stock markets over the past 25 years -- and that equity valuations are too rich, it said, such a view ignores the significant changes that have taken place in India, especially since 2014.
The report highlighted the 10 big changes, including supply-side policy reforms, formalisation o

Indian market, indian economy, consumer sentiment

The ex-Wayanad MP said that before we decided to start the 'Bharat Jodo Yatra,' we knew that normal tools used in Indian politics would not work anymore

Rahul Gandhi

When trust is broken and management is dehumanised, there are no winners in the end

labourers, migrant labourers, labour law

Sebi need not get into the business of regulating the platforms offering fractional ownership rights in real estate

Illustration

The country's top wrestlers, including Sakshi Malik, Vinesh Phogat and Bajrang Punia, along with hundreds of their supporters, reached Har ki Pauri to immerse their medals in the Ganga river even as police beefed up security arrangements near the area here on Tuesday.
A huge crowd gathered in Har ki Pauri as the protesting wrestlers got ready to immerse their world and Olympic medals in the holy waters as a mark of protest against outgoing Wrestling Federation of India chief Brij Bhushan Sharan Singh over allegations of sexual harassment.
Sakshi, Vinesh and her cousin Sangeeta were seen sobbing as their husbands tried to console them even as scores of their supporters formed a cordon around them.
The wrestlers stood for about 20 minutes in silence after reaching Har ki Pauri. They then sat on the banks of the river holding their citations and looking emotionally distressed.
The wrestlers, who were detained by Delhi Police and removed from their Jantar Mantar protest site on May 28,

wrestlers protest

Experts say audit no longer simplistic, involves analytics, AI, automation, forensics and tax expertise; Greater audit quality needs variety of skills found in multidisciplinary structure

Union not in favour of forced promotion to management cadre; wants pilots to remain protected under labour law

Some recent moderation in credit growth; delinquencies reducing except in credit cards, study loans

Further, in April 2022-February 2023, outward remittances under LRS stood at $24.18 billion, an all-time high

Businesses that already spend $1,000 a month on ads will be allowed to continue and will be given a gold check mark, the company added

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