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News highlights: Italy renews attempt to form government, end turmoil

This blog will keep track of key global and local developments impacting business and markets through the day. Important local and global political developments will also find resonance here.

May 30, 2018 / 21:32 IST
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  • May 30, 2018 / 21:32 IST

    That's all for today, readers. Thanks for staying on with our coverage of the day's action. Your enthusiasm encourages us to better our coverage every day. Do come back tomorrow for more news, views and insights.

  • May 30, 2018 / 21:28 IST

    Anti-Sterlite protests update:

    Madras High Court orders re-postmortem on bodies of sevenvictims, mandates a doctor from AIIMS or Jawaharlal Institute of Postgraduate Medical Education andResearch or Kerala Institute of Medical Sciences, Trivandrum to be a part of the team.Madras High Court also orders preservation of bodies six other victims.

  • May 30, 2018 / 21:10 IST

    OECD seeks to calm fears over Italy turmoil 

    The OECD today sought to calm concerns over political chaos in Italy that has sent global markets into a tailspin and raised the spectre of a fresh eurozone crisis. "Italy is part of Europe and part of the euro, and it will remain so," Organisation for Economic Cooperation and Development's chief Angel Gurria told reporters at the body's annual meeting in Paris.

  • May 30, 2018 / 20:53 IST

    Italy renews attempt to form government, end turmoil

    Italy searched for a last-minute exit from almost three months of political turmoil on Wednesday, with its biggest party looking to make a renewed attempt to form a coalition government with the right-wing League. The two anti-establishment parties, the 5-Star Movement and League, had abandoned plans to jointly take power at the weekend after the president blocked their proposed cabinet lineup, reported Reuters.

  • May 30, 2018 / 20:43 IST

    Bhandara-Gondiya re-poll: Estimated 45% voting across 49 booths


    An estimated 45 percent voters cast their vote in the re-polling held at 49 booths in the Bhandara-Gondiya Lok Sabha constituency in Maharashtra by 5 pm today, an election official said. As the polling continued till 6 pm, final figures of voting were yet to arrive, the official said. The Election Commission ordered re-polling in these 49 booths following complaints of malfunctioning of Electronic Voting Machines (EVMs).

  • May 30, 2018 / 20:33 IST

    Union minister Kiren Rijiju


    undergoes stone removal procedure at AIIMS: Official

    Union minister Kiren Rijijutoday underwent a stone removal procedure at the Department of Urology in AIIMS, a hospital official said. The minister of state for home affairs is in a stable condition and recovering well, the official said.

  • May 30, 2018 / 20:29 IST

    Tesla hints at 'challenging regulations' for not being able to enter India

    US-based electric car major Tesla has alluded to a challenging environment for not being able to enter India, a market which it would love to be in, according to company's Chief Executive Elon Musk. "Would love to be in India. Some challenging government regulations, unfortunately. Deepak Ahuja, our CFO, is from India. Tesla will be there as soon as he believes we should," Musk tweeted in a reply to a query about the automaker's absence from the Indian market.

  • May 30, 2018 / 20:22 IST

    Railway's conducts workshop to find ways to increase speed of trains

    The Railways conducted a one-day workshop 'Mission Raftaar' in which officials discussed ways to increase the average speed of freight and passenger trains, a statement from the ministry said. Minister of State for Railways Rajen Gohain and Railway Board chairman Ashwani Lohani inaugurated the workshop.

  • May 30, 2018 / 20:20 IST

    SEBI allows debt issuers to review credit rating by agencies 

    Markets regulator SEBIhas allowed debt issuers to review ratings given by agencies, a move that will check the menace of 'rating shopping' and 'pick-and-choose' approach in their actions, reported PTI.In the past, several firms have expressed dissatisfaction against credit rating agencies (CRAs) after ratings on their debt were suddenly downgraded or withdrawn.

  • May 30, 2018 / 20:12 IST

    AAP demands special session of Vidhan Sabha on water issue 

    Main opposition party in Punjab, AAP, has sought a special state assembly session to discuss the issue of "polluted" river waters in the state. AAP workers led by party state unit co-president Balbir Singh and MP Sadhu Singh held a protest march carrying bottles of polluted waters and tried to proceed towards Punjab Chief Minister's residence.

  • May 30, 2018 / 20:01 IST

    Aviation ministry to provide all assistance to CBI in AirAsia probe: RN Choubey

    The civil aviation ministry said it would fully cooperate and provide all assistance to the CBI in the investigation into the alleged violations in the AirAsia India matter, reported PTI. "We are yet to receive formally anything from the CBI. We will fully cooperate with them. We will provide all assistance to them in the investigative process," Civil Aviation Secretary R N Choubey said.

  • May 30, 2018 / 19:55 IST

    Country as a whole likely to receive normal monsoon, barring east and northeast: IMD

    The entire country is likely to get normal monsoon this year, except the east and northeast, which are likely to witness "below normal" rainfall, the Met department said. With this announcement, the MeT has kept its prediction of "normal" monsoon unchanged in its second stage long range forecast, reported PTI.

  • May 30, 2018 / 19:50 IST

    Maneka Gandhi seeks blocking of dowry calculator website

    Union Women and Child Development Minister Maneka Gandhi has asked Information Technology Minister Ravi Shankar Prasad to block a website which claims to calculate the dowry amount for grooms and take action against its developers.

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