Bihar hooch tragedy: Liquor ban is the biggest corruption of Nitish Kumar’s rule, says Tejashwi Yadav (19-10-2024)
Tejashwi Yadav criticised Nitish Kumar’s government for the Bihar hooch tragedy, alleging the liquor ban is massive corruption. He claims a 30,000 crore illegal economy exists under JDU cover. Despite the prohibition, alcohol consumption and related arrests reportedly remain high in Bihar.
Kotak Mahindra Bank Q2 Results: PAT rises 5% YoY to Rs 3,344 cr; NII jumps 11% (19-10-2024)
Kotak Mahindra Bank Q2 Results: The bank’s net interest income (NII) for Q2FY25 rose by 11% year-on-year to Rs 7,020 crore, up from Rs 6,297 crore in the same quarter last year. Its net interest margin (NIM) stood at 4.91% for Q2, down from 5.22% in Q2FY24. As of September, the gross non-performing assets (GNPA) increased to 1.49% from 1.72% year-on-year, while net NPA rose to 0.43% from 0.37%. On a consolidated level, Kotak’s PAT rose 13% YoY to Rs 5,044 crore. The total assets under management as of September-end were Rs 680,838 crore up 37% YoY over Rs 498,342 crore in Q2 of FY24.
National Conference leader Mubarak Gul takes oath as Jammu and Kashmir Pro-tem Speaker (19-10-2024)
National Conference leader Mubarak Gul was sworn in as the Protem Speaker of the J&K assembly. The NC-Congress alliance won the recent assembly polls, with JKNC securing 42 seats and Congress winning six. Omar Abdullah took oath as the Chief Minister and chaired his first cabinet meeting. The election victory emphasised the people’s support for democracy.
Concurrent Gainers: 12 stocks that gained for 5 days in a row (19-10-2024)
In the five trading sessions leading up to October 18, the Sensex index closed slightly lower at 81,225, with losses in three of those sessions.
Delhi Minister Gopal Rai questions centre on rising air pollution, urges ‘co-operation’ (19-10-2024)
AAP leader Gopal Rai criticized BJP for inaction on Delhi’s air pollution, urging collective efforts. Rai highlighted Delhi’s anti-dust campaign and penalties on violators. BJP’s Shehzad Poonawalla blamed AAP’s Arvind Kejriwal for the polluted Yamuna. The overall Air Quality Index in Delhi has dropped to 297, categorized as ‘Poor’, causing health concerns.
Tata Motors, IndiGo among 10 firms that saw decline in promoters’ shareholdings in Q2 (19-10-2024)
Companies with high promoter holdings are often considered safer investments. However, in Q2 FY25, several firms from the Nifty200 index reported a decline in promoter shareholdings.