The Reserve Bank of India (RBI) has penalised the State Bank of India with Rs 1.72 crore for non-compliance with certain directions.

As per a statement from the RBI, the state-owned lender failed to comply certain certain directions issued by RBI on 'Loans and Advances- Statutory and Other Restrictions', 'Customer Protection - Limiting Liability of Customers in Unauthorised Electronic Banking Transactions' and 'Opening of Current Accounts by Banks - Need for Discipline'.

This penalty has been imposed under the Banking Regulation Act, 1949.

A Statutory Inspection for Supervisory Evaluation (ISE 2023) of the bank was conducted by RBI with reference to its financial position as on March 31, 2023.

Adani Power share price broke four-day losing streak, rising 6 percent in the early trade on May 12 following power supply order win from Uttar Pradesh Power Corporation.

At 09:20am, Adani Power was quoting at Rs 545.30, up Rs 31.80, or 6.19 percent, on the BSE.

".... has received a Letter of Award (LoA) from Uttar Pradesh Power Corporation Limited (UPPCL) for procurement of 1,500 MW from a new thermal power project of 2x800MW (1600 MW) installed capacity situated in the State of Uttar Pradesh for a period of 25 years." company said in its release.

The company will supply power at a highly competitive tariff of Rs 5.383 per unit from a greenfield 2x800 MW (1500 MW net) Ultra-supercritical power plant to be set up under the design, build, finance, own, and operate (DBFOO) model in the state.

Market regulator Securities and Exchange Board of India (SEBI) and the Investor Education and Protection Fund Authority (IEPFA), under the Ministry of Corporate Affairs, convene a strategic preparatory meeting in Mumbai for Niveshak Shivir initiative.

Niveshak Shivir - a nationwide investor assistance initiative aimed at enabling investors to reclaim unclaimed dividends and shares with greater ease, improving financial literacy and reducing reliance on intermediaries.

The initiative will feature dedicated helpdesks, allowing investors to interact directly with company representatives and Registrars and Transfer Agents (RTAs) for end-to-end assistance.

International Nurses Day is celebrated on May 12 each year. This day marks the birth anniversary of Florence Nightingale, the founder of modern nursing. International Nurses Day recognises and appreciates the vital contributions nurses make to the healthcare system and society at large. It also acts as an opportunity to thank nurses for their efforts and for taking care of patients around the clock.

International Nurses Day 2025 theme

Each year, International Nurses Day highlights a specific theme. The theme for International Nurses Day 2025 is 'Our Nurses. Our Future. Caring for nurses strengthens economies.' This theme focuses on nurses' health and well-being and highlights the critical role of a healthy nursing workforce in supporting the overall healthcare system.

At the Archery World Cup Stage 2, India finished its campaign with seven medals, including two gold, one silver and four bronze medals in Shanghai, China yesterday. India’s Parth Sushant Salunkhe clinched a Bronze medal in Men’s Individual Recurve, while Deepika Kumari also won a Bronze in Women’s Individual Recurve event. In the playoffs, Parth Salunkhe defeated France’s Olympic medallist Baptiste Addis 6-4 the and Deepika Kumari outclassed Republic of Korea’s Kang Chae-young 7-3.

Moreover, Madhura Dhamangaonkar clinched a gold medal in the women’s compound event, while the Indian men’s trio of Abhishek Verma, Rishabh Yadav and Ojas Deotale finished at the top of the podium in the compound team category. The women’s team of Jyothi Surekha Vennam, Chikitha Taniparthi and Madhura grabbed the women’s compound team silver. Madhura and Abhishek also won a bronze in the compound mixed team event. Rishabh also won a bronze medal in the men’s compound event.

The third stage of the World Cup will be held in Antalya from June 3rd to 8th.

India and Pakistan Saturday agreed to stop firing and military action from 5 pm today.

“DGMO (Director General of Military Operations) of Pakistan called up DGMO (of India) at 3.35 pm. They agreed that both sides will stop all firing and military action from land, air and sea from 5 pm onwards,” Foreign Secretary Vikram Misri said, adding that the DGMOs will talk again at noon on May 12.

External Affairs Minister S Jaishankar also posted on X that “India and Pakistan have today worked out an understanding on stoppage of firing and military action.”

Defence Minister Rajnath Singh has said that Operation Sindoor is not just a military action, but a symbol of India’s political, social and strategic will. Virtually inaugurating the BrahMos Aerospace Integration and Testing Facility in Lucknow this afternoon, Mr Singh said, this operation is also a demonstration of India’s strong will against terrorism and the capability and determination of the military power.

He said, whenever India takes any action against terrorism, even the land across the border will not be safe for the terrorists and their masters. Mr Singh said, Indian forces launched Operation Sindoor with the aim of destroying the terrorist infrastructure in Pakistan and never targeted their civilians. But Pakistan not only targeted civilian areas of India but also tried to attack temples, gurudwaras and churches.

Defence Minister Rajnath Singh on Sunday hailed the contributions of Indian scientists, engineers and technicians on the occasion of National Technology Day.

In a post on X, Singh said, “On National Technology Day, India salutes the scientists, engineers and technicians who contribute by developing new technologies for bringing positive change in our lives.”

The Defence Minister also recalled India’s Nuclear test in Pokhran in 1998.

“We proudly recall the exceptional efforts of our scientists that led to the successful Pokhran tests in 1998. It was a defining moment in India’s history,” Rajnath Singh said.

India's Anahat Singh will compete in the upcoming World Squash Championships 2024-2025, which will be played at Chicago, the United States of America, from Friday.

The 2025 World Squash Championships, which run from May 9 to 17, as per the Olympics.com.

Anahat, still just 17, is fast becoming one of India's top bets in world squash. The youngster has been in inspired form since her double bronze medal win at the Hangzhou 2023 Asian Games in the People's Republic of China two years ago.

The Pakistan Cricket Board (PCB) announced the postponement of the remaining eight matches of the Pakistan Super League, hours after promising that they would play out the rest of the tournament in the United Arab Emirates.

The announcement comes amidst rising tensions at the India-Pakistan border, where India thwarted Pakistan's drone and missile attacks on May 8 and 9.

The PCB stated in its release that they had to shut down the event amidst "worsening conditions at the LOC (Line of Control)" in the last 24 hours.

The escalation of events between the two countries came after Pakistan decided to shell heavy artillery in the Kashmir region following India's precision strikes on terror facilities. India was forced to strike nine locations in Pakistan and Pakistan-occupied Kashmir after terrorists killed 26 civilians in Pahalgam last month.