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Saturday evening news brief, January 13

Jan 13, 2018 , ,
Saturday evening brief Jan 13 2018
Good evening!
Here’s everything that transpired during the course of the day…
The Bar Council of India has formed a seven-member team to mediate between Supreme Court judges. The meeting comes in the wake of allegations made by four apex court judges against the CJI at a first of its kind press conference held on Friday. The BCI chairman criticised the attempts to politicise the matter and urged people to refrain from doing so any further. Read.
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A Pawan Hans helicopter with 7 onboard crashed off Mumbai coast, four bodies have been found. The helicopter crashed off the city coast while heading to an oil rig at Mumbai High. According to defence spokesperson, some objects, which could be parts of the helicopter have been recovered from the site. Whether it is parts of the wreckage is yet be confirmed.
3 girls drowned and 5 were missing after a boat with 40 school children on board capsized near Maharashtra’s Dahanu. Police said that 32 students had been rescued and a search for the missing ones was continuing with Coast Guard personnel and local fishermen out at sea. The students were on a picnic. Among the rescued, three students and the boat driver were admitted to a hospital, the police said.
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Pakistani court has issued a notice to PM Shahid Khaqan Abbasi for allegedly making an anti-judiciary speech. According to a media report, he had termed the Panama papers verdict a “piece of trash”. Advocate Azhar Siddiqi filed the petition in the Lahore High Court, stating that Abbasi’s comments on the judgement amounts to committing contempt of court, Dawn News reported.
IDFC Bank has agreed to acquire Warburg-backed lender Capital First in a share swap deal valued at about $1.5 billion. According to terms of the deal announced on Saturday, shareholders in Capital First will receive 139 shares of the bank for every 10 shares held. The deal is conditional on central bank and other regulatory approvals. The deal values Capital First – owned more than a third by private equity firm Warburg Pincus – at Rs 938.25.

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