The Supreme Court has fixed June 2 to hear a plea filed by a Delhi-based man seeking to direct the Centre to amend Article 1 of the constitution and replace the word India with ‘Bharat’ or ‘Hindustan’. The individual, named Namah, claimed the move will instill a sense of pride in our own nationality, and do away with the symbol of slavery. The petitioner also claimed that such an amendment will ensure the citizens of this country get over the colonial past and justify the hard fought freedom by our ancestors.
The Indian Railways on Thursday modified the reservation rules in 30 Special Rajdhani trains and 200 Special mail and express type trains. Railways extended the advance reservation period from 30 days to 120 days with effect from 8 am of train booking date of May 31 onwards. The booking of parcel and luggage will be permitted in all these 230 trains.
US President Donald Trump told reporters at the White House that he spoke with Narendra Modi about the border dispute between India and China and asserted that the Indian Prime Minister is not in a "good mood" over the “big conflict” between the two countries. A day earlier, Trump had offered to mediate between India and China to resolve the dispute.
Within days of resuming operations in the country, riding-hailing firm Uber laid off 600 full time employees in India across teams such as driver and rider support, as well as other functions, on May 26. Pradeep Parameswaran, President, Uber India and South Asia said the move was part of global job cuts announced earlier in May. Last week, Ola also slashed 1,400 jobs, or 25% of its workforce, as its revenue fell 95% in two months.
High net-worth individuals (HNIs) who invested in risky stocks of casino owners, airline operators, housing finance companies and auto makers in March quarter have witnessed massive erosion in their portfolio. HNIs raised their stakes in stocks such as casino-owner Delta Corp, and aviation firm SpiceJet by over 2% whose value have fallen by 66% and 64% respectively year-to-date. They also increased stakes in real estate lenders Indiabulls Housing, GIC Housing Finance and DHFL. These stocks are now down up to 60% year to date.
Diversified financial services group Indiabulls Group has asked nearly 2,000 employees to resign from the company. The Group said it typically sees an attrition of 10-15% of its workforce every year during April-May and claimed these were not lay-offs. The group employs more than 26,000 people and in FY2019-20 itself, it added more than 7,000 new members, the statement said.
Booking for Indian Railways special trains that commence services from June 1 has begun on the IRCTC website (www.irctc.co.in) from 10:00 am today. These 200 special trains will be over and above the Shramik special trains and the 15 pairs of air-conditioned trains that IRCTC has already been running. These trains will be fully reserved special trains, the train tickets for which can only be booked online via the IRCTC website or the IRCTC mobile app. The advance reservation period for these new 200 special IRCTC trains is 30 days.