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Gujarat government takes action on gaming zone accident, 6 officials suspended

Rajkot TRP Gaming Zone Fire: Twelve children are among the 28 persons who have perished in the Rajkot TRP Gaming Zone fire in Gujarat thus far. Six officials have been suspended by the administration in this instance.

Town planner Gautam Joshi and assistant engineer Jaideep Chaudhary of the Rajkot Municipal Corporation have been suspended. In addition, two employees of the Road and Construction Department, Deputy Engineer M R Suma and Additional Engineer Paras Kothiya, have also been suspended. In addition, two Police Department personnel, Police Inspectors NR Rathod and VR Patel, were placed on suspension concurrently.

Bhupendra Patel, the chief minister of Gujarat, visited the Rajkot Game Zone accident scene himself on Sunday. He has directed that individuals accountable for this severe incident face severe punitive measures. It was only after this that the state administration issued an order to suspend six cops immediately.

Zomato shares reach all-time high, JM Financial has given a buy rating

Shares of Zomato, an online food delivery company, have seen tremendous growth in trading since Friday (April 12). The company’s shares increased by 1.49 percent at the market opening, hitting a high of Rs 199.75 on the BSE.

The price of the company’s shares has reached its highest point to date. Following an increase in the share price target by JM Financial, Zomato shares have surged. A domestic brokerage company has projected a 32% increase in Zomato.

JM Financial gave a buy rating to Zomato shares. For this, the business has set a target price of Rs 260 per share, up from Rs 200 previously. According to the brokerage firm, Blinkit’s quick commerce business is expanding quickly and is expected to do so in the future. Zomato has set a price goal of Rs 400 per share for the next three years. Zomato owns Blinkit as a subsidiary.

In the past year, Zomato’s stock has returned 268 percent. During the past six months, the stock has returned 78% of its initial investment. In addition, investors have received a 24 percent return on their investment over the past year from the stock. The market capitalization of the company has reached Rs 1.70 lakh crore.

SBI filed an affidavit in the Supreme Court in the electoral bond case, 22,217 electoral bonds purchased since 2019

Electoral Bonds Case: In the electoral bond case, the State Bank of India (SBI) has submitted an affidavit to the Supreme Court. In an affidavit submitted to the Supreme Court, the Chairman of SBI stated that 22,217 electoral bonds had been bought between April 1, 2019, and February 15, 2024.

The chairman of the SBI informed the Supreme Court that the Election Commission has received information regarding donations made through electoral bonds by the order. Additionally, the Election Commission now has access to the date on which electoral bonds can be redeemed as well as the identities of the political parties that have received donations.

The affidavit also states that, in observance of the aforementioned directives, the Election Commission of India (ECI) was sent a digital copy of this data, password-protected, before the close of business hours on March 12, 2024. (i) By instruction No. (b), the date of purchase of every electoral bond, the buyer’s name, and the denomination of the bond are provided. The date of encashment, the electoral bonds, the names of the political parties that have received contributions, and the denomination of the bonds, following the instruction number. (c).

Great rise in shares of Adani Group companies today, market cap crosses Rs 16.5 lakh crore

Adani Group Stocks: The Adani Group‘s businesses have grown significantly in recent times. As of today, March 1, 2024, shares of every Adani Group listed company opened on a positive note. Subsequently, the Adani Group’s stock prices continue to rise.

The main business Adani Enterprises’ shares, as well as those of subsidiary group firms including Adani Power, Adani Total Gas, and Adani Green Energy, are increasing in value.

The Adani Group company Adani Green Energy is enjoying the most increase in the market today. Today’s opening price for this share was 1,930.00. Adani Green was up roughly 3.85% as of 9:30 am, trading at Rs 1,968.00.

Let us inform you that the company’s shares have increased following the release of the report detailing the exceptional third-quarter results of Adani Group.

The report states that in the third quarter, the group’s overall EBITDA grew by 63.6% on an annual basis. This outstanding achievement has been made possible by the infrastructure industry’s explosive growth. This information was provided by the group in a news statement on Thursday. EBITDA for the Adani Group over the previous 12 months was Rs 78,823 crore. This is a 37.8% increase over the FY23 fiscal year.

Ghazal singer Pankaj Udhas’s funeral will be held today in Worli, Mumbai; before that he was given state honors

Pankaj Udhas Death: Artist Pankaj Udhas, whose Hindi songs and ghazals let people discover the power of voice, passed on Monday. At the age of 72, he passed away. On social media, his daughter Nayab has shared details of his passing. Pankaj Udhas had been unwell for a few days.

Today is the day of his final rites. His final voyage has begun. State honour was bestowed upon Pankaj Udhas before his funeral. In Worli, Mumbai, at the Hindu Crematorium, he will be cremated.

The well-known ghazal “Chithi Aayi Hai” brought him a great deal of attention. The moment this tragic news is revealed, the music industry is engulfed in grief. Everyone is paying tribute to him on social media with tearful eyes.

Veteran radio announcer Ameen Sayani, known as the magician of voice in the world of radio, passes away at the age of 91

Ameen Sayani Passes Away: Ameen Sayani, a seasoned radio announcer who was referred to as the voice magician in the industry, passed away. At the age of ninety-one, he passed away. His son Razil Sayani has confirmed the news of his passing.

This vocal virtuoso once gained fame for his work and name via the ‘Binaca Geetmala’ show. But for the past few years, Sayani’s health has not been excellent.

Razil Sayani, Ameen Sayani’s son, is shocked by his death. He provided details of his father’s passing in an interview with India Today. He added that Ameen Sayani was rushed straight to HN Reliance Hospital after suffering a heart attack the day before. But Ameen Sayani passed away en route.

Ameen Sayani’s funeral is scheduled for tomorrow, February 22, as some of his family are traveling to Mumbai today to pay their final respects. A formal statement about Ameen Sayani’s final darshan will also be released shortly.

Let us inform you, that Ameen Sayani’s birth on December 21, 1932, in Mumbai. Ameen Sayani became well-known in the radio industry. Amin Sayani began his radio broadcasting career with Mumbai’s All India Radio. In India, he was a major factor in the spread of All India Radio.

Rahul Gandhi gets relief in 2018 defamation case, gets bail from Sultanpur court

In the 2018 defamation case, former Congress national president and MP Rahul Gandhi was granted bail. In the continuing case here, MP Rahul Gandhi made an appearance in Sultanpur court on Tuesday to answer allegations that he made lewd remarks about Union Home Minister Amit Shah. The Congress leader showed up under tight protection, and the court granted him bail.

Santosh Pandey, an advocate, provided information regarding Congressman Rahul Gandhi’s release on bail from the District Court. Rahul Gandhi turned himself in before the court today, he claimed. After he turned himself in, the court detained him for thirty to forty-five minutes. Following that, he entered and was granted bail (by the court).

Santosh Pandey, an advocate, stated that Rahul Gandhi has submitted his local bond. He was given bail on a security of Rs 25,000 each and a bail bond of Rs 25,000. A new date has not yet been announced. According to his attorney, he was blameless and had not uttered any disparaging remarks.

‘Anupamaa’ fame actor Rituraj Singh is no more, died at the age of 59 due to cardiac arrest

Rituraj Singh Died: Rituraj Singh, a well-known TV actor, went away. Rituraj Singh, 59, had been unwell for the past few days. He died last night due to cardiac arrest.

Rituraj Singh was taken to the Hospital a while back to have treatment for a pancreas issue, according to the ETimes article. In the hospital, he was receiving treatment as well. But after being released from the hospital, the actor went back home, and that’s when Rituraj Singh died on the night of February 19 from cardiac arrest.

Amit Bahl, a close friend of Rituraj Singh, has confirmed the news of his passing. Yes, he replied, cardiac arrest was the cause of his death. He passed unexpectedly from cardiac arrest after being sent home from the hospital a few days ago for pancreas treatment.

For many years, Rituraj Singh worked in the television and cinema industries. He most recently appeared in Anupamaa, Rupali Ganguly’s popular show. Apart from this, Rituraj Singh has contributed to numerous popular series, including ‘Jyoti’, ‘Apni Baat’, ‘Hitler Didi’, ‘Shapath’, ‘Warrior High’, ‘Aahat’, ‘Adaalat’, and ‘Diya Aur Baati’.

SpiceJet to cut at least 1,000 jobs to ensure profitable growth

Layoff 2024: The news indicates that SpiceJet Airlines is about to lay off 1000-1400 workers, or around 15% of its whole staff. Due to financial difficulties, SpiceJet plans to fire many of its staff.

According to the ET article, the airlines have justified the workforce reductions by pointing to operational needs to control the company’s overhead expenses.

Let us inform you that SpiceJet Airline employs 9,000 workers at the moment and that it runs approximately 30 aircraft, which also includes eight wet-lease from foreign carriers. If reports are to be believed, the airline is reducing staff because of an estimated Rs 60 crore salary expense.

EPFO fixes 8.25 percent interest rate on Employees Provident Fund for 2023-24

The interest rates on Employees Provident Fund (EPF) deposits for 2023–24 were set by the Employees Provident Fund Organization (EPFO) on Saturday at 8.25 percent, the highest rate in the previous three years. The interest rate on EPF was 8.10 percent in 2021–2022; however, EPFO raised it slightly in March 2023 to 8.15 percent for 2022–2023.

“The apex decision-making body of EPFO, ‘Central Board of Trustees’ (CBT), in its meeting on Saturday, has decided to provide 8.25 percent interest rate on EPF for 2023-24,” according to a source.

The Finance Ministry will be consulted before approving the CBT’s decision regarding the interest rate on EPF deposits for 2023–2024. The interest rate on EPF for 2023–2024 would be deposited into the accounts of over six crore EPFO subscribers following the government’s approval.

Every year, EPFO makes the interest rate on PF accounts for workers in the private sector known. The Employees Provident Fund Organization is home to almost 7 crore workers. The Finance Ministry makes the ultimate judgment after determining EPFO’s interest.

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