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Jul 12, 2018 10:05 PM IST | Source: Moneycontrol.com

News highlights: IDBI Bank officers threaten 6-day strike from Monday to protest stake sale to LIC

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.

  • Jul 12, 10:06 PM (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.

  • Jul 12, 08:30 PM (IST)

    IDBI Bank officers threaten 6-day strike from Monday to protest stake sale to LIC

    A section of IDBI Bank officers has threatened to go on a six-day strike from Monday in protest against the proposed acquisition of the state-owned lender by insurance behemoth LIC and wage related issues, among others.

    "It is advised that the bank has received notice from a section of officers that they propose to go on strike from July 16, 2018 to July 21, 2018," IDBI Bank said in a regulatory filing. (PTI)

  • Jul 12, 07:55 PM (IST)

    JUST IN | HCL Tech board approves buyback at a price of Rs 1,100 per share. It is expected to cost the company upto Rs 4,000 crore. 

  • Jul 12, 06:22 PM (IST)

    India's fuel demand jumps 8.6% in June

    India's fuel demand jumped 8.6 percent in June as falling rates led to rise in consumption. Fuel consumption in June totalled 17.99 million tonne (MT) as compared to 16.56 MT in the same month last year, data from the Petroleum Planning and Analysis Cell (PPAC) of the oil ministry showed.

    The rise was more than double of 3.8 per cent growth seen in May when demand totalled 18.1 MT. (PTI)

  • Jul 12, 04:36 PM (IST)

    Sahara SEBI Case: SEBI tells the Supreme Court that Sahara's Aamby valley auction has failed and no bids have been received, reports ANI. Next hearing will be on September 12.

  • Jul 12, 03:58 PM (IST)

    JUST IN | BJP President Amit Shah stated that the party's alliance with Nitish Kumar will continue. Shah was speaking at conference in Patna.

  • Jul 12, 02:55 PM (IST)

    Maharashtra Education Department decides to distribute Bhagavad Gita in 100 colleges which have been accredited as 'A' and 'A+' in Mumbai, reports CNN News18. 

  • Jul 12, 02:43 PM (IST)
  • Jul 12, 01:54 PM (IST)

    Congress leaders insult India for politics: Sambit Patra. 

  • Jul 12, 01:53 PM (IST)

    Congress has crossed their limit while hating the BJP and PM Modi. They have started speaking against India and its constitution: Sambit Patra said. 

  • Jul 12, 01:51 PM (IST)

    Congress party has attacked on India's constitution and Hindu citizens in India by using 'Hindu-Pakistan' term: Sambit Patra said. 

  • Jul 12, 01:49 PM (IST)

    Shashi Tharoor says if the BJP forms the government in 2019 then India will become 'Hindu-Pakistan' nation. There can not be more objectionable subject: Sambit Patra. 

  • Jul 12, 01:45 PM (IST)

    BJP leader Sambit Patra alleges Shashi Tharoor of attempting to bring down the constitution. "Shashi Tharoor insulted the entire country," Patra said. 

  • Jul 12, 01:42 PM (IST)

    Congress' attack on democracy is constant: Sambit Patra said.  

  • Jul 12, 01:41 PM (IST)

    JUST IN | Congress is insulting Indian democracy, says BJP on Shashi Tharoor's 'Hindu-Pakistan' remark, reports Times Now. 

  • Jul 12, 01:38 PM (IST)

    After outrage over Shashi Tharoor’s ‘Hindu-Pakistan’ remark, Congress says India can never become Pakistan and that he must choose words carefully, reports Times Now. 

  • Jul 12, 01:10 PM (IST)
  • Jul 12, 12:40 PM (IST)

    Income-tax refunds worth over Rs 70,000 crore have been issued to the tax payers: Union Finance Minister Piyush Goyal said. 

  • Jul 12, 12:24 PM (IST)

    Finance Minister Piyush Goyal said the new GST return filing process and the form is very simple. "We have already started discussions with the industry," Goyal said. 

  • Jul 12, 12:22 PM (IST)

    Ease of filing and doing business will be taken up in the next GST Council meet: FM Piyush Goyal. 

  • Jul 12, 12:20 PM (IST)

    JUST IN | Tax tribunal cases are down 41 percent says Finance Minister Piyush Goyal. Goyal adds that new threshold will further reduce tax cases to 18 percent, reports CNBC TV18.

  • Jul 12, 11:48 AM (IST)

    Malankara Orthodox Church case: The second accused, Father Mathew surrenders before Kollam Crime branch. Kerala High Court had dismissed anticipatory bail pleas of three priests, yesterday.

  • Jul 12, 11:47 AM (IST)
  • Jul 12, 11:47 AM (IST)

    Delhi: CM Kejriwal reprimands principal of Rabia Public School Naheed Usmani, says, "Both Delhi government and Police will take action. This kind of a thing will not be tolerated in future." The school had allegedly detained kindergarten students on July 9 over non-payment of fees.

  • Jul 12, 11:26 AM (IST)

    JUST IN | Uttar Pradesh BJP MLA Kuldeep Sengar charged for raping a minor by the CBI in Unnao rape case, reports NDTV. The teen had earlier this year tried to commit suicide outside Chief Minister Yogi Adityanath's government, alleging that no one was acting on her rape complaint against the ruling party legislator despite several attempts by her.

  • Jul 12, 11:00 AM (IST)

    Patna: BJP President Amit Shah meets Bihar Chief Minister Nitish Kumar in Patna. 

  • Jul 12, 11:00 AM (IST)

    JUST IN | CBI has registered a case against Chairman Patent Medicines, Arah & Principal, Medical College of Patent Medicine, Director, JP Institute of Patent Medical Science and Hospital, Muzaffarpur and unknown officials of Revenue Department under criminal conspiracy, cheating and criminal misconduct.

  • Jul 12, 10:42 AM (IST)

    JUST IN | CBI has registered a case against Chairman Patent Medicines, Arah & Principal, Medical College of Patent Medicine, Director, JP Institute of Patent Medical Science and Hospital, Muzaffarpur and unknown officials of Revenue Department under criminal conspiracy, cheating and criminal misconduct.

  • Jul 12, 10:31 AM (IST)
  • Jul 12, 10:15 AM (IST)

    In 22 districts of Chhattisgarh, 122 'Bihan Bazaar' outlets have been set up. Over 200 varieties of products manufactured by Self Help Groups are being sold at these outlets: PM Modi.

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