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Apr 17, 2018 10:43 PM IST | Source:

News highlights of the day: BJP ministers in J&K asked to resign; reshuffle on cards

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.

  • Apr 17, 10:11 PM (IST)

    China's Fosun Group has made a non-binding bid for Fortis Healthcare. It has bought Gland Pharma from PE firm KKR, reported CNBC-TV18. The Fosun Group is one of China's largest privately-owned investment conglomerates. They invest in sectors like pharmaceuticals, real estate, financial services, infrastructure and hospitality.

  • Apr 17, 08:27 PM (IST)

    India files fresh pleadings in ICJ in Jadhav case

    India on Tuesday filed a fresh set of pleadings in the International Court of Justice (ICJ) relating to the case of its national Kulbhushan Jadhav, who was sentenced to death by a Pakistani military court in April last year on charges of espionage and terrorism. 

    The second round of written reply by India in the case was in response to the submissions by Pakistan in the ICJ on December 13 last year, the Ministry of External Affairs (MEA)said.

    India had moved The Hague-based ICJ in May last after Jadhav, 47, was sentenced to death by a Pakistani military court on charges of espionage and terrorism. A 10-member bench of the ICJ on May 18 had restrained Pakistan from executing Jadhav till adjudication of the case. (PTI)

  • Apr 17, 09:47 PM (IST)

    BJP ministers in J&K asked to resign; reshuffle on cards

    The BJP on Tuesday asked all its nine ministers in Jammu and Kashmir to submit their resignations to enable the party to bring in new faces in the two-year-old Mehbooba Mufti cabinet, party leaders said.

    The BJP has been under pressure ever since two of its ministers -- Lal Singh and Chander Prakash Ganga -- took part in a rally in support of those accused in the rape and murder of an eight-year-old girl in Kathua. The two ministers subsequently resigned. The BJP leaders said the party wants to bring in new faces in the cabinet and work for the people of the state. (PTI)

  • Apr 17, 08:54 PM (IST)

    PM holds roundtable with top Swedish CEOs, asks them to invest in India

    Prime Minister Narendra Modi on Tuesday invited top Swedish firms to invest in India and said stronger bilateral business relations would augur well for the people of the two countries.

    Modi, who held talks with his Swedish counterpart Stefan Lofven earlier in the day, was welcomed by children in traditional Indian costume on his arrival at the Stockholm City Hall here to attend the Roundtable Meeting with Swedish CEOs. (PTI)

  • Apr 17, 08:09 PM (IST)
  • Apr 17, 07:59 PM (IST)

    Aircel-Maxis PMLA case: ED questions Karti for 2nd time

    The ED on Tuesday questioned Karti Chidambaram, son of former finance minister P Chidambaram, for the second time in connection with its probe in the Aircel-Maxis money laundering case, officials said.

    They said the investigating officer (IO) of the case recorded Karti Chidambaram's statement under the Prevention of Money Laundering Act (PMLA). Karti Chidambaram was first grilled at the central probe agency's office here on April 10 for about ten hours in connection with the case. He has been summoned for questioning next week. (PTI)

  • Apr 17, 07:43 PM (IST)

    The Law panel is discussing the feasibility of simultaneous Lok Sabha and Assembly polls in India. The panel recommended holding simultaneous polls in two phases, beginning in 2019 and the second phase in 2024.

  • Apr 17, 07:38 PM (IST)

    Rupee tanks to near 7-month low of 65.64 a dollar

    The rupee extended its losing run for the second straight day, falling by another 15 paise to end at a near 7-month low of 65.64 against the US dollar amid persistent capital outflows and a fresh ripple of geopolitical tensions.

    Headwinds in the form of consistent widening in the trade deficit accompanied by portfolio outflows amid unsupportive global factors kept overall sentiment highly bearish. Country's trade deficit hit USD 13.69 billion in March, climbing from USD 11.98 billion in February. This is the weakest close for the Indian currency since September 27, 2017 when it had ended at 65.72. (IPL)

  • Apr 17, 07:20 PM (IST)

    Three BJP states, Tamil Nadu to seek review of SC/ST order

    Three BJP-ruled states and Tamil Nadu will move the Supreme Court against its order on the SC/ST Act with the Centre maintaining that state governments are on board in seeking a recall of the verdict, days after violent protests by Dalit groups engulfed several parts of the country.

    Following a nudge from the top BJP brass, Madhya Pradesh, Rajasthan and Chhattisgarh -- all of whom had reportedly taken steps to implement the verdict -- have revoked their decision and decided to join the Centre in filing review pleas. Official sources also said the Centre is keeping ready an ordinance to annul the order of the court, depending on the outcome of its petition. (PTI)

  • Apr 17, 07:01 PM (IST)

    Electoral Bonds have serial numbers but are not accessible to anyone: Govt

    The government on Tuesday said the electoral bonds, which are used to make anonymous political donations carry a serial number as part of in-built security feature to prevent counterfeiting but the number is not accessible to anybody, including the government.

    Maintaining that the anonymity of the donors is maintained, the finance ministry in a statement said the random serial number on the bonds is not visible to naked eye and the same is not even noted by the issuing bank, the SBI.

    In a bid to clean up election funding, the government had in January introduced electoral bonds that can be bought from specified branches of State Bank of India and used to donate money to political parties. (PTI)

  • Apr 17, 06:43 PM (IST)
  • Apr 17, 06:41 PM (IST)
  • Apr 17, 06:39 PM (IST)

    The IMF maintains India's growth forecast at 7.4% for FY 19, vs 6.7% in FY18.  

  • Apr 17, 06:18 PM (IST)

    Tamil Nadu Governor sets up one-person committee to investigate 'Sex for Marks' scandal 

    Tamil Nadu Governor Banwarilal Purohit said the committtee will submit a report by the end of the month. He also said he'll order a CBI probe if needed. 

    The Governor denied knowing the accussed professor. The professor had allegedly lured female students into sex work. 

  • Apr 17, 05:49 PM (IST)

    Govt to move SC for Dalit/SC quota in promotion, says Ram Vilas Paswan 

  • Apr 17, 05:31 PM (IST)

    6 States Will Start Generating Intra-state e-Way Bills From April 20

    6 States Will Start Generating Intra-state e-Way Bills From April 20, Sushil Modi tels CNBC-TV18

  • Apr 17, 05:12 PM (IST)
  • Apr 17, 05:11 PM (IST)

    Andhra Pradesh CM Chandrababu Naidu to fast on April 20, his birthday 

  • Apr 17, 04:57 PM (IST)
  • Apr 17, 04:30 PM (IST)

    Catch Moneycontrol's Sakshi Batra with the top headlines @ 04:30

  • Apr 17, 04:21 PM (IST)

    Gold prices rise before Akshaya Tritiya
    Prices of Gold picked up by Rs 350 per 10 grams from a spurt of buying by local jewellers in preparation of Akshaya Tritiya.

  • Apr 17, 04:19 PM (IST)

    ITR-1 ready for e-filing: IT dept
    The latest ITR-1 form, largely used by the salaried class of taxpayers, has been activated on the official e-filing portal of the Income Tax Department, a senior official said today.The single Income Tax Return (ITR) form, notified by the CBDT on April 5, has been put on its website,, yesterday.

  • Apr 17, 03:24 PM (IST)

    Catch Moneycontrol's Sakshi Batra with the top headlines @ 03:15

  • Apr 17, 03:23 PM (IST)

    Tesla temporarily suspends production of Model 3 cars 
    Electric car manufacturer Tesla has temporarily suspended production of Model 3 cars at its Fremont assembly plant in California as it looks to resolve certain problems that have contributed to the delays.

  • Apr 17, 03:01 PM (IST)

    Parliamentary panel calls on RBI Governor to answer queries on bank scams
    A parliamentary panel has called on Reserve Bank Governor Urjit Patel on May 17 to answer queries on a spate of banking scams unearthed in the last few months, sources told PTI.

  • Apr 17, 02:28 PM (IST)

    Pravin Togadia begins indefinite fast
    F​ormer  VHP leader Pravin Pravin Togadia began his indefinite fast here today in support of his demands, including construction of a Ram Temple in Ayodhya.

  • Apr 17, 02:14 PM (IST)

    Catch Moneycontrol's Anchal Pathak with the top headlines @ 02:00

  • Apr 17, 02:01 PM (IST)

    Capricorn Food gets Sebi's go ahead to launch IPO
    Capricorn Food Products India Ltd, an integrated food processing company, has received markets regulator Sebi's go ahead to float an initial public offering.
    The company had filed IPO papers with Securities and Exchange Board of India (Sebi) in February and obtained its "observations" on April 12, latest update with the regulator showed.

  • Apr 17, 01:31 PM (IST)

    Catch Moneycontrol's Sakshi Batra with the top headlines @ 01:15

  • Apr 17, 01:20 PM (IST)

    Adequate currency in circulation, temporary shortage to be tackled quickly: FM
    Finance Minister Arun Jaitley today said there is "more than adequate" currency in circulation and the temporary shortage in certain states is being "tackled quickly".There have been reports of currency shortage in at least six states -- Gujarat, Eastern Mahashtra, Madhya Pradesh, Bihar, Andhra Pradesh and Telangana.

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