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May 17, 2018 10:24 PM IST | Source:

News Highlights: J&K Governor clears ordinance advocating death for rape of girls below 12

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 17, 10:18 PM (IST)

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  • May 17, 09:42 PM (IST)

    OnePlus 6 priced at Rs 34,999 launched in India; will be Amazon exclusive

    Chinese smartphone-maker OnePlus has launched its latest flagship device the OnePlus 6 in India. The base model of the smartphone will be available for Rs 34,999, exclusively on Amazon from May 22.

    Amazon has created a special page wherein users will be notified about the availability of the phone on its site. Amazon is also offering early access to its Prime members, who can purchase the phone on May 21, from 12 pm onward. 

    Read the full story here.

  • May 17, 08:01 PM (IST)

    J&K Governor clears ordinance advocating death for rape of girls below 12  

    In a bid to curb violence against women, Jammu and Kashmir Governor N N Vohra today approved two ordinances, one of which advocates the death penalty for those convicted of raping a girl below 12 years of age.

    The Jammu and Kashmir Protection of Children from Sexual Violence Ordinance, 2018, and the Jammu and Kashmir Criminal Law (Amendment) Ordinance, 2018, were promulgated by Vohra and come into effect from today, an official spokesperson said. (PTI)

  • May 17, 07:58 PM (IST)

    RBI prescribes 100% net stable funding ratio for banks under Basel III liquidity standards 

    Reserve Bank of India (RBI) has released final guidelines prescribing 100 percent net stable funding ratio (NSFR), a long-term liquidity measurement included in the Basel III liquidity standards, to ensure banks maintain adequate liquid resources for more resilience.

    NSFR is defined as the amount of available stable funding (ASF) relative to the amount of required stable funding (RSF). It promotes resilience over a longer-term time horizon by requiring banks to fund their activities with more stable sources of funding on an ongoing basis. 

    Read the full story here

  • May 17, 07:45 PM (IST)
  • May 17, 06:54 PM (IST)

    ED seizes Mehul Choksi firm's jewellery worth Rs 85 cr brought from Dubai 

    The Enforcement Directorate (ED) today said it has seized over 34,000 pieces of jewellery worth Rs 85 crore from the Gitanjali Group, owned by diamantaire Mehul Choksi, in connection with the Rs 13,000-crore Punjab National Bank (PNB) fraud case.

    The agency said the jewellery was "brought from Dubai" and has been seized under the Prevention of Money Laundering Act (PMLA). 

    Choksi, along with his nephew and millionaire designer jeweller Nirav Modi, is being investigated by the ED for allegedly defrauding PNB, the country's second largest lender. (PTI)

  • May 17, 06:06 PM (IST)

    Walmart beats all around, with e-commerce sales rebounding

    Walmart is reporting better-than-expected profit and revenue for the first quarter with rebounding e-commerce sales. Revenue at Walmart stores opened at least a year rose 2.1 percent, the company said today, also surprising Wall Street.

    It's an encouraging report from Walmart, which like other retailers is looking at new ways to compete in light of swiftly changing shopping habits and intense competition from Amazon.

    Walmart, while spending more on its workers to improve service, is building fewer big stores, and its focus is solidly online. (PTI)

  • May 17, 05:44 PM (IST)

    Microsoft to launch smaller, low-cost Surface devices 

    After Apple launched a cheaper iPad targeting students and academics, Microsoft also plans to launch a line of low-cost Surface tablets as soon as the second half of 2018.

    The new Surface tablets will have a 10-inch screen—a couple of inches smaller than the 12-inch screens used on the Surface Pro laptop line. Priced around $400 (approx. Rs 27,000), this Surface tablet will have rounded edges similar to the iPad, reported Bloomberg. The Surface Pro has square edges.

    Read the full story here

  • May 17, 05:06 PM (IST)

    Supreme Court to hear the Ayodhya land dispute case on 5 July. 

  • May 17, 04:57 PM (IST)
  • May 17, 04:38 PM (IST)

    News Live @ 4: Top headlines of the hour

  • May 17, 03:56 PM (IST)
  • May 17, 03:55 PM (IST)

    Piyush Goyal vows to clean up banking sector

    Finance Minister Piyush Goyal today vowed to quickly put on track the banking sector, which has been marred by scandals and bad debts that threaten to have repercussions for the broader economy.

    Goyal, who was earlier this week given temporary charge of the finance ministry until Arun Jaitley recovers after undergoing a kidney transplant, met heads of public sector banks here today.

  • May 17, 03:13 PM (IST)
  • May 17, 03:00 PM (IST)
  • May 17, 02:30 PM (IST)

    News Live @ 2: Top bulletins of the hour

  • May 17, 01:58 PM (IST)

    Advocate NP Amrutesh files PIL in Karnataka High Court against BJP forming Govt in the state. PIL states Court should not allow defection of MLAs to BJP through resigning or cross voting, reports ANI.

  • May 17, 01:56 PM (IST)

    New Delhi announces Ramzan ceasefire

    Responding to Chief Minister Mehbooba Mufti’s call for a unilateral ceasefire, the Centre has directed security forces not to launch operations in Jammu & Kashmir during the holy month of Ramzan. retaliate only “if attacked or if essential to protect the lives of innocent people”. The announcement comes ahead of Prime Minister Narendra Modi's visit to Srinagar on May 19.

  • May 17, 01:50 PM (IST)

    Yeddyurappa's oath as CM is mockery of Constitution, says Congress

    Congress has termed B S Yeddyurappa's oath as chief minister of Karnataka as a mockery of constitution. Congress president Rahul Gandhi also said that India mourns the defeat of democracy.

  • May 17, 01:49 PM (IST)

    Madhya Pradesh government asks students to say ‘Jai Hind’ to answer roll call

    School education department in Madhya Pradesh has released a notification Which says that students will have to mark their attendance in class with ‘Jai Hind’. State education minister Vijay Shah had announced the same eight months before the notification was released. 

  • May 17, 01:46 PM (IST)

    Over 30,000 sign petition in support of Indian professionals denied UK visas

    Over 30,000 people have signed an online petition calling on the UK government to stop abusing a national security clause to deny hundreds of highly-skilled Indian professionals the right to live and work in the country. An online petition was started by the Highly Skilled Migrants group last week on the 38 Degrees campaign website to highlight the Home Office's alleged abuse of clause 322(5).

  • May 17, 01:44 PM (IST)

    CBI today informed Delhi High Court that international blue corner notice has been issued against Baba Virendra Dev Dixit in alleged illegal confinement of women at an Ashram in Delhi's Rohini

  • May 17, 01:42 PM (IST)

    News Live @ 1: Top headlines of the hour

  • May 17, 01:13 PM (IST)
  • May 17, 01:05 PM (IST)

    Latest update on West Bengal panchayat polls

    In Gram Panchayats, the TMC has bagged 404 seats while the BJP is a distant second with 20 seats. Congress has, meanwhile, won 6 seats.

  • May 17, 12:55 PM (IST)
  • May 17, 12:50 PM (IST)

    It is a conspiracy to destroy the constitution: Mayawati on Karnataka CM's swearing-in 

    BSP chief Mayawati has also commented on BS Yeddyurappa's swearing-in as Karnataka CM. 

    She said, "It is a conspiracy to destroy the constitution made by Baba Saheb Ambedkar, since they (BJP) came to power they have been misusing government machinery, thereby attacking democracy."

  • May 17, 12:42 PM (IST)
  • May 17, 12:40 PM (IST)

    NCLAT to hear Bhushan Steel promoter's plea against Tata Steel takeover

    NCLAT will hear Bhushan Steel promotor Neeraj Singal's plea against acquisition of the company by Tata Steel next week. Neeraj Singal has sought a stay on the NCLT order approving Tata Steel's bid for the debt-ridden Bhushan Steel under corporate insolvency resolution process.

  • May 17, 12:24 PM (IST)

    News Live @ 12: Top bulletins of this hour

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