BluSmart, the electric ride-hailing service, has suspended cab bookings in Delhi-NCR, Bengaluru, and Mumbai due to a SEBI investigation into its financial backer, Gensol Engineering, for alleged fund misappropriation. Customers are now seeking refunds from their Blu Wallets, following the halt in services. The company's future is uncertain, with a potential shift to becoming a fleet partner for Uber.
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Syed Zainul Abedin Ali Khan, Ajmer Dargah's spiritual head, lauded RSS chief Mohan Bhagwat's call to avoid new temple disputes. Bhagwat's advice against creating further religious conflicts, particularly after the Sambhal Jama Masjid survey and the Ajmer Sharif Dargah petition, was praised as promoting national unity and progress. He emphasized the importance of harmony and acknowledged the Ram Temple's significance while discouraging further discord.
Congress leader Shashi Tharoor backed Kerala unit chief K Sudhakaran amid reports of rift, highlighting significant victories under his leadership. Tharoor encouraged unity within the party. Sudhakaran deferred to the party's high command on his position, while denying any controversy regarding his commitment. Speculations intensified with Sudhakaran's recent interactions and requests for role clarification.
Shiv Sena (UBT) MP Sanjay Raut claimed that Maharashtra will soon appoint a third deputy chief minister, likely from the Shinde faction. Raut accuses Shinde's group of abandoning the party due to fear of central agencies. Rising tensions persist between the factions, highlighting ideological disputes centered around Balasaheb Thackeray's principles.
A bomb threat email initiated a security response at a Mumbai school. Authorities and explosive detection units examined the site. Similarly, two Tamil Nadu schools in Erode were evacuated after receiving email threats, which later proved to be hoaxes. Police and bomb squads conducted thorough searches at both locations.
Israeli Prime Minister Benjamin Netanyahu asserts that the government cannot proceed with the truce until receiving details of hostages to be released by Hamas. Israel emphasizes its intention to resume conflict if needed. The approved ceasefire agreement aims to end the 15-month war, liberating hostages and Palestinian detainees, and increasing humanitarian aid to Gaza.
Cognizant has accused Infosys of stealing trade secrets related to its TriZetto healthcare software, claiming Infosys unlawfully used its data and refused an audit. This allegation follows Infosys counter-suing Cognizant for anti-competitive tactics.
The Budget presentation this year has clear political undertones, targeting key states Delhi and Bihar ahead of elections. It includes tax benefits for Delhi's middle class and various developmental projects for Bihar, highlighting the Modi government's strategic efforts to secure voter support.
A massive fire ignited at a dumpsite in Noida's Sector 32, fueled by dry waste and strong winds. The blaze, which started due to a discarded bidi, is being battled by 15 fire tenders and 75 firefighters. The accused, a drunken man attempting suicide, has been taken into custody.
Pakistan captain Mohammad Rizwan hinted that Babar Azam will open in the tri-series against New Zealand as a replacement for the injured Saim Ayub. Ayub, an emerging talent, is sidelined with an ankle fracture, necessitating an extended rehabilitation. Pakistan remains confident in Babar Azam’s abilities to lead the batting lineup despite the setback.
The RBI has eased restrictions on lending to non-bank finance companies and microfinance institutions by lowering risk weights for bank credit. This move aims to boost lending capacity and support economic growth, reversing the slowdown observed after previous regulatory measures.