News Live Update: Bank of India cuts saving deposit rate to 2.5%
State-owned Bank of India on Monday reduced its savings deposit rate by 0.25 per cent or 25 basis points to 2.50 per cent, in line with similar moves by peers.
The lender also cut the interest rate on green deposits, and pointed out that a 999-day deposit will earn 6.70 per cent now against 7 per cent earlier, according to a statement.
News Live Update: Kotak Mahindra Bank Q1 Advances Rises 14%
Net Advances rises 14% to Rs 4.4 lakh crore (YoY).
Total Deposits rises 14.6% to Rs 5.1 lakh crore (YoY).
CASA rises 7.9 % to Rs 2.1lakh crore (YoY).
Source: Exchange filing
News Live Update: ED Raids Shell Companies In Noida And Lucknow, Rs 103 Crore In Illegal Earnings Frozen
The Enforcement Directorate's Chandigarh Zonal Office conducted raids on Friday at three suspected shell companies - Kindent Business Solutions Pvt. Ltd., Rainet Technology Pvt. Ltd., and Mool Business Solutions Pvt. Ltd. - in Noida and Lucknow, Uttar Pradesh reported NDTV.
These companies claimed to be IT firms offering services like wallet-based API, domestic money transfer based payment systems, and bill payments. However, the ED investigation revealed that these firms were actually used to launder money from a massive online forex and multi-level marketing scam, duping thousands of investors across the country.
The ED investigation revealed that the accounts with heavy transactions were receiving payments from entities like QFX, YFX, YorkerF, TLC Coin, and BotBro, which were already under investigation for money laundering and irregular investment scams. When questioned about these entities, the company directors denied any connection, further raising suspicions of a money laundering conspiracy.
So far, the ED has frozen 116 bank accounts linked to these companies, including Rs 103 crore in illegal earnings from just 16 accounts.
Source: NDTV
News Live Update: Three River Sites In Assam In Severe Flood Condition
Three river sites in Assam in severe flood condition, 19 above warning level in country: CWC
Three river sites in Assam are experiencing a "severe flood situation" while 19 locations across the country have crossed warning levels, according to the daily flood bulletin issued by the Central Water Commission (CWC) on Monday.
Source: PTI
News Live Update: Trump Sets Aug. 1 Start For Tariffs Ahead Of Wednesday Deadline
President Donald Trump plans to announce trade deals and deliver tariff warnings on Monday, as countries negotiate to avoid punitive measures on their exports to the US before a Wednesday deadline.
The European Union says progress has been made toward securing a deal, and Germany continues to support the Commission's strategy in negotiations with the US, with time running out to reach an accord.
Trump is flexing his tariff authority to pursue domestic economic gains and taunt geopolitical rivals, with a 10% import tax threatened on countries aligning with BRICS, and trade deals expected to be announced with 18 major trading partners.
Source: Bloomberg
News Live Update: 170-ft Tajia Collapses During Muharram Procession In UP
A 170-ft Tajia collapses during Muharram procession in India’s Uttar Pradesh. However, crowd narrowly escaped the disaster, reported NDTV.
Tajia is a symbolic replica of Imam Hussain’s tomb, carried during Shia mourning rituals.
News Live Update: Rahul Gandhi To Join Protest In Patna
Congress leader Rahul Gandhi will be in Patna on Wednesday for a 'chakka jam' against the new labour code and special intensive revision of electoral rolls in Bihar, leaders of the INDIA bloc said.
(Source: PTI)
News Live: Woman Gang-Raped On Stationary Train, Losses A Leg
A 35-year-old woman was gang-raped in an empty coach of a stationary train in Panipat, Haryana, on Monday. The victim reported that the assailants later took her to Sonipat, where they threw her onto the tracks due to which she lost her leg when a train ran over her. She is currently receiving treatment at a hospital, PTI said.
News Live Update: Tamil Nadu First State To Implement TB Death Prediction Model
Tamil Nadu has become the first state in the country to implement a model which predicts the probability of deaths among adults with Tuberculosis and has integrated it with the existing state-wide application TB SeWA, which triages them at diagnosis, PTI reported.
News Live Update: Odisha Rain Tragedy, 2 Dead
Two women lost their lives and an eight-year-old girl was injured when a wall of an under-construction poultry farm collapsed due to heavy rain in Odisha's Nuapada district.
Live: South Calcutta Law College Reopens After Gang-Rape Incident
South Calcutta Law College reopened on Monday amid heavy security after remaining closed for over a week following the gang rape of a student on campus.
Vice Principal Nayna Chatterjee said only BA LLB students of the first semester who did not fill out their examination forms have been asked to come on the first day after reopening.
(Source: PTI)
News Live Update: 3 Dead, Flights Suspended After Nagaland Flooding
Three people died, flight operations were suspended and vehicular movement was disrupted on National Highway 29 as incessant rain for the past few days caused flooding across Nagaland, officials said on Monday.
(Source: PTI)
News Live: Army Pays Tribute To Vikram Batra
On Monday, the Army honored Capt. Vikram Batra, remembering his heroics during the 1999 Kargil War, where he made the ultimate sacrifice for the nation. Defence Minister Rajnath Singh also paid tribute to Capt Batra on his death anniversary, praising his "unmatched bravery and sacrifice" as a remarkable example of courage in service to the country, PTI said.
ICC Appoints JioStar's Sanjog Gupta As CEO
Indian media mogul Sanjog Gupta was on Monday named the new Chief Executive Officer of the Jay Shah-led International Cricket Council following an elaborate recruitment process which began in March this year.
Read full story here.
Breaking News Live: 2 People Shot Dead In Bihar
Two individuals, including a 22-year-old woman, were fatally shot following a violent altercation between children from two families in Bihar's Nalanda district, police reported on Monday.
Breaking News Live: SC To Hear Plea On Bihar Election
The Supreme Court is set to hear petitions challenging the Bihar electoral roll revision on July 10.
Breaking News Live: Suspicious Boat Sighted Near Alibaug
A security scare has been triggered in Maharashtra after a suspicious boat was spotted near Alibaug, which is approximately two hours away from Mumbai. Combing operations are currently underway, heightening security alerts in the region, NDTV reported.
News Live Update: Delhi Wakes Up To Rain
Delhi and its surrounding areas experienced a spell of rain this morning, providing extended relief from the sweltering heat. However, the Monday morning downpour caused waterlogging in some areas, potentially inconveniencing school students and officegoers.
Visuals from the Mehrauli-Badarpur road showed commuters navigating through waterlogged streets. According to the weather office, the monsoon trough at mean sea level now passes through Suratgarh, Sirsa, Delhi, Lucknow, Varanasi, Daltonganj, Bankura, and Digha, NDTV said.
News Live Update: Amarnath Pilgrims Leave Base Camp In J&K
Amid a multi-tier security cover, more than 8,600 pilgrims left the Bhagwati Nagar base camp in Jammu early Monday to join the annual Amarnath pilgrimage in the Himalayas, PTI said citing officials.
News Live Update: Jaishankar Meets Counterparts Of More Nation On BRICS Sidelines
External Affairs Minister S. Jaishankar held discussions on bilateral cooperation and global issues with his counterparts from Russia, Iran, and Mexico. These meetings took place on Sunday, on the sidelines of the 17th BRICS Summit in Brazil.
News Live Update: Landslide Warning In Uttarakhand
The State Emergency Operations Centre in Uttarakhand has issued a high-alert landslide warning for four districts—Tehri, Uttarkashi, Rudraprayag, and Chamoli—based on forecasts from the Geological Survey of India and the India Meteorological Department.
News Live Update: Fire At Truck Terminal In Navi Mumbai
A major fire broke out at a truck terminal in Navi Mumbai, causing a couple of blasts at the spot and destroying at least eight vehicles, some of which were loaded with consignments, officials said on Monday, PTI reported.
News Live Update: Trump Threatens More Tariff For Countries Aligning With BRICS
Donald Trump on his Truth Social post said, "Any Country aligning themselves with the Anti-American policies of BRICS, will be charged an ADDITIONAL 10% Tariff. There will be no exceptions to this policy. Thank you for your attention to this matter!"
News Live Update: Trump Says Tariff Letters To Soon Be Rolled Out
Tariff letters will be delivered starting at 12:00 p.m. (EDT) on July 7th, Trump said in a post on Truth Social.
His post read, "I am pleased to announce that the UNITED STATES TARIFF Letters, and/or Deals, with various Countries from around the World, will be delivered starting 12:00 P.M. (Eastern), Monday, July 7th. Thank you for your attention to this matter! DONALD J. TRUMP, President of The United States of America."
This means in India time the Tariff letters and/or trade deals will be announced starting 9:30 p.m.
News Live Update: PM Modi Attends BRICS Meet
Prime Minister Narendra Modi delivered a sharp rebuke to Pakistan for its support of terrorism and expressed gratitude to the countries that joined India in condemning the terror attack in Pahalgam, Jammu and Kashmir, NDTV reported.
PM Modi's remarks were made during his speech at the BRICS Summit in Brazil.
The terror attack in Pahalgam resulted in the deaths of 26 tourists. In response, India initiated 'Operation Sindoor', targeting and dismantling terror infrastructure in Pakistan. The action had escalated to military installations such as airbases and anti-aircraft missile systems after Pakistan's military had retaliated.
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