NATION

Today Top 10 News: From RBI standing firm on banking sector’s resilience to Government bailing out Vodafone Idea, here are the top picks for you

Nikhilesh Kunal

Feb 04, 2023 06:31 GMT

Today’s Top 10 News: DNP News brings to you top 10 breaking stories of the day to keep you abreast of all the latest developments from India and around the world.

1. Amid the Adani imbroglio, the RBI notes that Indian banking sector is resilient

On February 3, the Reserve Bank of India (RBI) stated that, based on its most recent review, the banking industry was still robust and stable.In a statement on the situation of the Indian banking sector, the central bank said that "several indices relating to capital adequacy, asset quality, liquidity, provision coverage, and profitability are strong." It went on to say that banks were in accordance with the RBI's Large Exposure Framework (LEF) requirements. The statement was made in response to media reports that expressed worry about the exposures of Indian banks to a business conglomerate, the statement's author explained.

Also Read: Adani Hindenburg Row: Stock Market Carnage for the group continues, report erases value by half

National News

2. CDS leads security meeting regarding uptick of Valley terrorist incidents

In light of the recent increase in terrorist attacks throughout the Jammu region, Chief of Defence Staff General Anil Chauhan and Northern Command Army Commander Lt-Gen Upendra Dwivedi on Friday presided over a high-level security conference at the White Knight Corps headquarters in Nagrota. Lt-Gen Sandeep Jain of the GoC White Knight Corps gave CDS General Anil Chauhan a report on the current security scenario affecting the 16 Corps during the security meeting.A thorough explanation of the steps taken to block potential infiltration routes, keep a 24-hour watch along the Anti Infiltration Obstacle System (AIOS), and ensure that forces in the hinterland are operationally ready was presented to the CDS.General Anil Chauhan praised the staff's professionalism at the meeting for overcoming obstacles.

Also Read: CDS General Anil Chauhan, IAF chief celebrate Diwali with troops

National News

3.Opposition keeps up calls for a probe into Adani controversy

On Friday, both Houses of Parliament's business remained stalled for a second day as opposition MPs persisted in calling for a Joint Parliamentary Committee investigation into claims of fraud made against the Adani Group by American short-seller Hindenburg Research.In order to discuss the matter, opposition members in both the Lok Sabha and the Rajya Sabha moved adjournment motions. They claimed that because of their exposure to the group, public financial institutions like the State Bank of India (SBI) and the Life Insurance Corporation (LIC) had become vulnerable.

Also Read: Adani-Hindenburg Row: Three Adani firms gridlocked under Additional Surveillance by BSE, NSE

National News

4. No remote EVM suggestion has been made for the forthcoming election: Kiren Rijiju

The government declared on Friday that no plan had been made to utilise electronic voting machines from a distance during any prospective elections. Additionally, NRI voters wouldn't be allowed to use RVMs.The RVM has not been proposed to be used for the nation's future elections, the Election Commission (EC) claims, Union Law Minister Kiren Rijiju stated to the Lok Sabha.

Also Read: CBI is no more ‘Caged Parrot’: Union Law Minister Kiren Rijiju

National News

5. European Union agrees to limit the price of Russian diesel

Governments in the European Union tentatively agreed on Friday, February 3, 2023, to set a price cap of $100 per barrel on sales of Russian diesel to coincide with an EU embargo on the fuel. The move is intended to end the EU's reliance on Russia for energy and reduce the amount of money Moscow can earn to fund its conflict in Ukraine.Before an embargo went into force on Sunday, diplomats representing the 27 EU states imposed a limit on Russian diesel, jet fuel, and gasoline. In order to prevent a global scarcity that would raise prices and inflation, it seeks to lower Russia's income while maintaining the flow of its diesel to non-Western nations.

Also Read: Russia a ‘state sponsor of terrorism’ – Will European Union’s declaration have any effect on Russia

International News

6. Satellite images reveal Iranian military installation damaged by drones

On February 3, 2023, The Associated Press examined satellite images to determine the extent of damage to what Iran claimed was a military facility attacked by Israeli drones. This was the most recent incident in the ongoing shadow conflict between the two nations. Iran has not yet provided an explanation for what was produced in the workshop, but the drone attack raised the possibility of new regional hostilities.

Also Read: Iran reports drone attack on defense facility in Isfahan

International News

7. Adani Group loses $118 billion in ten days as a result of the explosive report, the Hindenburg effect

The US-based short-seller company Hindenburg Research is in the news after its research on billionaire Gautam Adani's conglomerate sent shares of the Adani Group plunging. According to business website Fortune, the market value of the Adani Group companies is currently $99 billion, down from $217 billion before to the publication of the Hindenburg Research research.Since Hindenburg accused the Adani Group of stock manipulation, inappropriate use of tax havens, money laundering, and growing indebtedness, the group has lost $118 billion in 10 days, a 50% loss.

Also Read: Adani-Hindenberg Row: Unprecedented backlash from Opposition, chorus for probe reaches feverish pitch

Business News

8. Government clears the debt-to-equity conversion for Vodafone Idea of Rs. 16,133 crore

According to telecom minister Ashwini Vaishnaw, the government approved the conversion of Rs 16,133 crore in interest payments owed by the heavily indebted Vodafone Idea into equity after getting a formal promise from the Aditya Birla Group to continue the business and provide the necessary funding.The government has authorised turning over Rs 16,133 crore in interest payments owed by Vodafone Idea into equity, providing a lifeline to the struggling carrier.

Also Read: BharOS: Union Minister Ashwini Vaishnav and Dharmendra Pradhan test highly anticipated indigenous OS, know more here

Business News

9. Dinesh Karthik believes that Rahul Tripathi should be the first option to replace Virat Kohli if he is unavailable

Dinesh Karthik, the wicketkeeper for India, has stated that Rahul Tripathi should be the first pick to replace Virat Kohli if the latter is unavailable. With a quick-fire 44-run performance, Tripathi helped India defeat New Zealand by 168 runs and win the three-match T20I series 2-1.Karthik claimed that India needs players like Tripathi because he will play a particular way under any circumstances or pressure.

Also Read: US, UK, Canada Can Join Boycott Against Paris 2024 Olympics: Poland Sports Minister

Sports News

10. Unnamed Triptii Dimri and Vicky Kaushal Dharma productions entertainer to be released on August 25

On Friday, director Karan Johar revealed that his upcoming film, starring Vicky Kaushal, Triptii Dimri, and Ammy Virk, will be released in theatres on August 25. The currently untitled movie is supported by Karan Johar's Dharma Productions and is directed by Maja Ma fame Anand Tiwari.

Also Read: Muslim dad, Hindu mom, SRK’s son Aryan Khan ‘is so into Shah Rukh…’

Entertainment News