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Governor’s refusal to appoint Ponmudi as minister: Supreme Court to consider Tamil Nadu’s plea

New Delhi, Mar 18 (PTI) The Supreme Court on Monday agreed to consider a plea of the Tamil Nadu government against the refusal of Governor RN Ravi to appoint senior DMK leader K Ponmudi as a minister in the state cabinet. The governor has recently refused to re-induct the senior DMK leader and former Higher Education Minister into the state cabinet, saying it would be against constitutional morality. A bench comprising Chief Justice D Y Chandrachud and justices JB Pardiwala and Manoj Misra took note of the submissions of senior advocate Abhishek Singhvi, appearing for the state government, there was

Telangana Governor Tamilisai resigns

Hyderabad/Puducherry, Mar 18 (PTI) Telangana Governor Tamilisai Soundararajan has tendered her resignation, the Raj Bhavan here said on Monday. Tamilisai, who is also the Lieutenant Governor of Puducherry, has submitted her resignation to Droupadi Murmu, President of India. ”The Hon’ble Governor of Telangana and Lieutenant Governor of Puducherry Dr Tamilisai Soundararajan has tendered her resignation with immediate effect. The resignation has been submitted to the Honourable President of India,” an official communique said.

SBI can’t be selective, has to disclose electoral bond numbers by Thursday: Supreme Court

New Delhi, Mar 18 (PTI) The Supreme Court on Monday directed the SBI (State Bank of India) to make a complete disclosure of all details related to electoral bonds, including the unique bond numbers that would disclose the link between the buyer and the recipient political party, by Thursday. A five-judge constitution bench headed by Chief Justice D Y Chandrachud said there is “no manner of doubt” that the SBI is required to disclose complete details of the bonds. It directed the SBI chairman to file an affidavit before it by 5 pm on March 21 indicating that the bank

India Adani Group’s dollar bonds, shares tumble on US probe report

MUMBAI, March 18 (Reuters) – Most dollar bonds of Adani Group companies fell to their lowest level in two months on Monday following a report indicating that U.S. prosecutors have widened their investigation of the conglomerate to examine potential bribery. Shares of all 10 group and related companies also fell over 5% in early trading in India, with Adani Total Gas (ADAG.NS), opens new tab leading the decline. Bond prices fell, resulting in a 38 basis points increase in the yield on a note from Adani Ports & Special Economic Zone due in February 2032 to 7.20%. The yield had

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