India meets solar mission target for FY18 thanks to year-end push

India is likely to have met its target of adding 10,000 watt of solar power generation capacity in the year ended March 2018, thanks to a sudden spurt of installations during the final months of the year (Jan-Mar), going by numbers released by an independent group. According to Mercom India, a consultancy that tracks the […]

ALTBalaji adding 25,000-30,000 paid users per day – CEO

ALTBalaji, the biggest Indian provider of original online content, is signing up paid users at the rate of 25,000-30,000 per day, said Nachiket Pantvaidya, the CEO of Balaji Telefilms, the company behind the app. “We expect to have paid users of 10 mln by the end of the year,” Pantvaidya said in an interview with BTVI. […]

Porn on Phone? You could go to prison for 3 years

People carrying pornographic or other indecent material on their phones can end up getting prison terms of up to three years under a new law proposed by the ministry of women and child development headed by Maneka Gandhi. Under the ‘Indecent Representation of Women Act’, anyone possessing printed content, drawings and films “which contains indecent […]

Fitch downgrades PNB’s Viability Rating by two notches

Fitch Ratings has downgraded the ‘viability rating’ of scam-hit Punjab National Bank by two notches to ‘b’ from ‘bb-‘, citing a sharp rise in loan defaults. However, the bank’s ‘default rating’ has been kept at BBB-, given the high probability that the government of India will lend support in case of such an eventuality. “The […]

BJP, Congress score self-goals in Kerala Chengannur bye-election

Both the Bharatiya Janata Party and the Congress Party in Kerala have reason to worry from the results of Chengannur bye-election conducted on Sunday. With nearly all votes in — including those from areas considered strongholds of Congress and BJP — the Left Front candidate Saji Cherian was comfortably in the lead. The vote share […]

Strides Shasun denies rumors of auditor resignation

Pharma major Strides Shasun denied rumors that its auditors had resigned. The rumors, coming close on the heels of a similar development at Manpasand Beverages, had impacted the company’s share price today morning. Shares of Strides Shasun fell to a low of Rs 397 compared to the close of Rs 423 yesterday, before making up […]

Rahul Gandhi says will work other parties to save Indian democracy

Boosted by the first big victory since in several years, Congress Party president Rahul Gandhi said his party will join hands with the opposition to “protect Indian institutions” from the attacks of the Bharatiya Janata Party and Rashtreeya Swayamsevak Sangh. Speaking in the aftermath of the BJP failing to win majority in Karnataka Assembly, Gandhi […]

Police heading to Goldfinch hotel to ‘rescue’ two Congress MLAs

Two MLAs of the Congress Party in Karnataka, Pratap Gowda Patil and Anand Singh have missed the roll-call for taking oath have been tracked to Goldfinch hotel in Bangalore. A team of police has been dispatched to the hotel to ‘rescue’ the MLAs who are reportedly ‘being held captive’. UPDATE: ALSO SEE https://ultra.news/t-t/39991/karnataka-trust-vote-bjp-may-give-up-without-a-fight Both have […]

FULL TEXT: Supreme Court asks BJP to produce letters

The Supreme Court has intervened in the decision by the Karnataka governor to invite the Bharatiya Janata Party to form the next government and asked the BJP to produce the letters it wrote to the governor. A bench of Justices AK Sikri, SA Bobde and Ashok Bhushan refused to pass any order staying or stopping […]

Congress Party officially lends support to JD(S) to form the government

The Indian National Congress has officially lent its support to the Janata Dal (Secular) led by HD Kumaraswamy to form the next government at the center. This was revealed by Congress Party’s local leadership. “It is for them to take a decision, we have extended our support,” said a Congress party spokesperson in Bangalore. “The […]

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