Tuesday evening news brief, May 22

Tuesday evening brief May 22 2018
Good evening!
Here’s everything that transpired during the course of the day…
Soon, you may be able to cancel your domestic air ticket within 24 hours of booking the same without cancellation charges. It will not matter whether you booked the ticket directly from the airline or through an agent or travel portal. Similarly, airlines may have to offer compensation between Rs 5,000 and Rs 20,000 + to passengers for missing connecting flights due to the first flight being late. Read.
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SBI has reported a record standalone net loss of Rs 7,718 crore in the fourth quarter of fiscal year 2017-18. SBI had posted a net profit of Rs 2,815 crore in same period last year. The loss for the three months to March 31 is much greater than expected as a Reuters survey of 16 analysts had expected the loss to come at Rs 1,285 crore. The total income of the bank in the said quarter stood at Rs 68,436.06 crore.
9 people were killed and over 20 injured as protests against Sterlite Copper unit in Tuticorin took a violent turn. The months-long protests for the closure of Vedanta’s Sterlite Copper unit in Tamil Nadu’s Tuticorin took a violent turn earlier in the day, with agitators fighting pitched battles with police, prompting it to open fire on the mob. Protesters hurled stones and set government vehicles and public property on fire.
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Congress will get the post of speaker and a deputy chief minister in Karnataka. The chief minister-designate met Rahul and his mother, UPA chairperson Sonia Gandhi, at the Congress chief’s residence here on Monday evening. The visit was a courtesy call to invite the Congress leaders for the swearing-in. It was preceded by a half-hour meeting with pre-poll ally and BSP chief Mayawati.
US secretary of state Mike Pompeo warned Tehran would be hit with the ‘strongest sanctions in history’. “We will apply unprecedented financial pressure on the Iranian regime. The leaders in Tehran will have no doubt about our seriousness,” Pompeo said in a speech at the conservative Heritage Foundation think tank. Iranian President Hassan Rouhani quickly dismissed the threats, saying the rest of the world no longer accepts Washington making decisions on their behalf.
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