Stocks
Lupin to replace Tata Power in BSE Sensex from June 22
Drug major Lupin will be replacing integrated power company, Tata Power Co Ltd in the S&P BSE Sensex from June 22.
 
Asia Index Private Ltd. (AIPL) - a 50-50 partnership between S&P Dow Jones Indices LLC and the Bombay Stock Exchange (BSE) - in a statement, announced changes in major indices on the bourse's indices.
 
According to the statement, in the S&P BSE Bankex category, Canara Bank and Bank of India have been excluded while in the tech list, three companies - CMC Ltd, Mphasis and Vakrangee Ltd - have been replaced by four other companies.
 
Tata Motors' differential voting rights as well as ordinary shares have made way to the top 100, 200 and 500 list while Adani Power Ltd has lost its place in both the top 100 list as well as the Carbonex list.
 
In the top 100 as well as Carbonex index, Aurobindo Pharma Ltd has been included.
 
In the S&P BSE 200 category, a total of ten changes have been made while in the top 500 list, an inclusion of 27 companies and exclusion of 26 companies will be effected June 22 onwards.

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Jayalalithaa again becomes Tamil Nadu chief minister
AIADMK general secretary J. Jayalalithaa was sworn-in as the chief minister of Tamil Nadu for the fifth time on Saturday, within a fortnight of the Karnataka High Court acquitting her in a corruption case.
 
Jayalalithaa, 67, was administered the oath of office and secrecy by Governor K. Rosaiah at the packed Madras University Centinary Auditorium.
 
The governor also administered oath of office to the council of ministers in two batches. Jayalalithaa would head a 29-member government in the 14th Tamil Nadu assembly.
 
While dropping M.S.M. Anand, minister for forests and P. Chendur Pandian (without any portfolio) in the O. Panneerselvam cabinet, she retained all other ministers without changing their portfolios.
 
Jayalalithaa would, among others look after the home and general administration departments.
 
Panneerselvam will continue to hold the finance and public works portfolios.
 
A large number of people lined both the sides of the road starting from Jayalalithaa's residence till the venue of the swearing-in.
 
Union Minister Pon.Radhakrishnan and other political leaders such as H. Raja, L. Ganesan, and Sarathkumar attended the swearing in ceremony.
 
From the movie world, actors Rajnikanth, Prabhu, Gundu Kalyanam, music director Illayaraja and others attended the function.
 
Special prayers were offered in different temples by AIADMK cadres.
 
The AIADMK had won the 2011 assembly elections and Jayalalithaa was subsequently sworn-in as the chief minister. Last September, she was disqualified after a Bengaluru court sentenced her to a four-year jail term and fined her Rs.100 crore in an 18-year old disproportionate assets case.
 
The Karnataka High Court upheld her appeal and acquitted her of all charges.
 
AIADMK lawmakers, at a meeting at the party headquarters on Friday, elected Jayalalithaa as leader of the legislature party.
 
Subsequently, Panneerselvam resigned as chief minister, as did his council of ministers. Rosaiah then invited Jayalalithaa to form the government.

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10 injured as train derails in Assam
At least 10 people were injured after a passenger train derailed in Assam on Saturday morning.
 
Northeast Frontier Railway (NFR) officials said five coaches and the engine of the train derailed over a bridge near Salakati station in Kokrajhar district. 
 
The NFR had to cancel at least 10 trains due to the accident. 
 
Long-distance trains have also been affected as their timings have been changed. 
 
The NFR has ordered a probe and top officials have rushed to the spot.

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