CATEGORIES

DELHI HIGH COURT: INTERPRETATION OF CONTRACT PRIMARILY A MATTER FOR ARBITRATION TO DETERMINE, S OPE OF SECTION 34 ARBITRATION ACT

The Delhi High Court in the case Raghunath Builders Pvt. Ltd. v. Anant Raj Limited observed and has allowed restoration of an arbitral award, noting that it was not within the scope of the Single Judge under section 34 of Arbitration and Conciliation Act to re-interpret the contract between the parties and substitute the finding of the Arbitrator's despite it being plausible and well-reasoned.

Is Justin Trudeau guilty of inadvertently facilitating potential mass murder?

The Khalistani extremist Gurpatwant Singh Pannun made an extraordinary statement. He advised Sikhs not to board any Air India flight on 19 November, 2023, or after, going so far as to suggest that plans were afoot to blow up a plane belonging to the airline on that day.

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RAJNATH SINGH MENTIONS CHINA AT 2+2 MEETING

One of the most remarkable statements emerging from the just concluded 2+2 meeting between India and US defence and foreign ministers was made by Defence Minister Rajnath Singh. He called out China in no uncertain terms by saying, “...The India-US defence relationship has evolved into a strategic partnership characterised by mutual trust, shared values, and a growing recognition of common interests in maintaining regional and global security.

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China's ambivalence on North Korea-Russia Military deal

As Russia and North Korea have negotiated and executed a series of deals related to arms since September, it is likely that China is ambivalent towards this military deal between North Korea and Russia, as there are both pros and cons for Beijing, The Diplomat reported.

India emerges as fastest-growing large economy today: EAM Jaishankar

External Affairs Minister (EAM) S Jaishankar, presently on a four-day official trip to the UK, marked the Diwali festivities by offering prayers at the BAPS Shri Swaminarayan Mandir, also known as the Neasden Temple, in London. This cultural celebration highlighted the significance of bilateral relations and the role of cultural connections in advancing shared political and economic interests.

COP28 PREZ-DESIGNATE HAILS INDIA'S ENERGY TRANSITION VISION

Dr. Sultan Al Jaber thanks leadership of India in delivering G20 Delhi Declaration

SIGNATURE GLOBAL TARGETS 31% SALES GROWTH TO RS 4,500 CR IN FY24

Gurugram-based Signature Global had achieved sales bookingsof Rs3430.58crorein 2022-23, up 32 per cent from the previous year

Adani Group explores global ports expansion amidst china strategy

The clearance of a $553 million US government financing contract for a port terminal project in Colombo, the Adani Group plans to grow its international ports business.

Online sales, ravaging monsoon, low apple production hit Diwali sales

The ongoing Diwali festivities in Shimla have been marred by a significant decline in sales, with traders reporting a 30-40% reduction attributed to various factors, including heavy discounts from online platforms, recent rain-related disasters, and low apple production.

CM Yogi gifts Rs 153 cr dev projects to UP forest dwellers

On the auspicious occasion of Diwali, Uttar Pradesh Chief Minister Yogi Adityanath immersed himself in the celebration of the festival among the ‘Vantangiya’ people, who are traditionally forest dwellers.

CM Baghel announces Rs 15k to every woman annually if voted to power

Chhattisgarh Chief Minister Bhupesh Baghel extended Diwali greetings to the people of the state and made a significant announcement, introducing the \"Chhattisgarh Griha Lakshmi Yojana.\" Under this scheme, if the Congress returns to power, every woman in the state will receive Rs 15,000 annually.

NGO LAUNCHES FREE CUTTING AND TAILORING CENTRE IN SRINAGAR

This initiative aims not only to impart valuable skills but also to create employment opportunities for women in the community.

India looks to closer ties with OPEC

Minister of Petroleum and Natural Gas Hardeep Singh Puri has called for close ties between the Organization of the Petroleum Exporting Countries (OPEC) and India, the third-largest energy consumer, crude oil importer and the fourth-largest global refiner, describing it as essential and natural. Puri's remarks came at the 6th High-Level Meeting of India and OPEC led by Haitham Al Ghais,

Palm and sun oil imports reach new highs

In the fiscal year 2022/23, markable increase in imports, with palm oil rising by 24 per cent and sunflower oil by 54 per cent, reaching unprecedented levels.

India's retail inflation softens to 4.87 per cent in October

Amid significant headwinds, India’s Consumer Price Index (CPI) led retail inflation dropped to 4.87 per cent in October 2023, on account of softening food prices. The retracing of the inflation below 5 per cent, was on expected lines.

Indian industrial sector growth expected to continue: FICCI study

According to the latest quarterly survey by the Federation of Indian Chambers of Commerce and Industry (FICCI), the manufacturing sector in India has experienced a notable acceleration in the second quarter of the 2023-24 financial year. This positive trend is expected to persist in the subsequent quarters, despite a global economic slowdown in developed nations.

Diwali trade soars to Rs 3.75 lakh crore, China's mkt share lose Rs 1 trillion

Diwali celebrations in an unprecedented surge in retail trade, reaching a remarkable figure of Rs 3.75 lakh crore. This surge signals a paradigm shift towards indigenous products, echoing the sentiments of the Vocal for Local Movement, and concurrently, China has incurred a substantial loss of over Rs 1 lakh crore.

Piyush Goyal lauds Gem's Rs 2 lakh crore GMV

The Minister of Commerce and Industry, Piyush Goyal, has taken to social media to announce a noteworthy achievement by the Government e-Marketplace (GeM).

GOI, ADB SIGN $400 MN LOAN TO BOOST URBAN INFRA IN CITIES

The second part of the programme will support investment planning and reform actions at the state and urban local body (ULB) levels.

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NET PROFIT SLUMPS 50PC TO RS 7,925 CR ON LOWER PREMIUM INCOME

Life Insurance Corporation (LIC) of India on Friday reported a 50 per cent slump in its standalone net profit at Rs 7,925 crore for the July-September quarter.

Motherson to set up 10 new facilities in India

Samvardhana Motherson International (SAMIL) is investing and setting up 10 new facilities in India to support customers' growth in auto and nonauto business. Amidst an uncertain business environment, (SAMIL) posted revenue of Rs 23,474 crore with 28 per cent growth on a y-o-y basis with a healthy booked business of over USD 77 billion.

PM MODI'S VOCAL FOR LOCAL LIGHTS UP DIWALI

In an earnest expression of delight, Prime Minister Narendra Modi acknowledged the nation's radiant celebration of Diwali, emphasizing the vivid illumination in every household, attributed to the government's public welfare schemes.

SC refuses to intervene with order staying proceedings against DK Shivakumar

The Supreme Court has refused to intervene in the Karnataka High Court's interim order, which stayed proceedings against Congress leader DK Shivakumar in a case of disproportionate assets.

PAKISTAN COURT ORDERS RETURN OF EX-PM NAWAZ SHARIF'S SEIZED PROPERTY, ASSETS

An accountability court in Pakistan's Islamabad has recently ordered authorities to release all properties and assets seized from former prime minister Nawaz Sharif in 2020.

AAP LEADER MANISH SISODIA MEETS AILING WIFE

Former Delhi Deputy Chief Minister Manish Sisodia, arrested in the Delhi Liquor policy case on March 9, has come out of Tihar jail for six hours on Saturday to visit his ailing wife.

Rashmika Mandanna deep fake video: Delhi police asks meta for URL

The Delhi Police has written to Meta to provide the URL (Uniform Resource Locator) of the account responsible for circulating the 'deep fake' video featuring actress Rashmika Mandanna on social media. This move came a day after the filing of an FIR by the city police regarding the incident.

SC rejects plea for cryptocurrency regulation guidelines

The Supreme Court has refused to entertain a petition that sought a directive for the Centre and others to establish guidelines for overseeing the trading and mining of cryptocurrencies. Cryptocurrencies are decentralized digital or virtual currencies operating independently from a central bank.

AP HC POSTS CHANDRABABU NAIDU'S BAIL PETITION TO NOV 15

The Andhra Pradesh High Court has recently posted TDP chief N Chandrababu Naidu's bail petition in the Skill Development Corporation Scam case to November 15. Currently, Naidu is on a temporary bail in the case until November 28.

HERO MOTOCORP TO ENTER EUROPEAN MARKET WITH ICE PRODUCTS

Hero MotoCorp is planning a slew of strategic initiatives, including expansion of its footprint in electric mobility, enter new ICE vehicle categories and foray into Europe in 2024.