CATEGORIES

L&T secures significant contract in Saudi Arabia

The construction arm Toubro has been chosen as the contractor to establish various systems related to renewable energy generation and utilities, for the Amaala project in the Red Sea region of Saudi Arabia, the company informed stock exchanges on Wednesday.

RBI reports narrowing of India's July-Sep current account deficit

India's current account deficit narrowed to USD 8.3 billion in the second quarter of the financial year 2023-24, lower than the USD 9.2 billion it recorded in the preceding quarter.

GOVERNMENT TAKES ACTION AGAINST DECEPTIVE LOAN APP PROMOTIONS

The central government is taking action against the promotion of deceptive loan apps on social media

Private funding hits $27.9B low for domestic companies

Investments from private equity and venture capital funds in domestic companies decreased by approximately 40 per cent to USD 27.9 billion this year, while outflows rose marginally to USD 19.34 billion year-on-year.

Amidst global headwinds, banking system well placed to advance on asset quality, profitability

Amidst a highly uncerLtain outlook for the global environment, the Indian banking system has been well positioned to improve further, with better asset quality, high capital adequacy and robust profitability supported by bright prospects for domestic economic activity.

India joins stock market giants

This month, fund manager Abhay Agarwal received an unexpected influx of calls from international investors displaying more than a passing interest in India.

Tea industry struggles as costs rise, prices plummet in 2023

The tea industry grappled with an uncertain future throughout the year, facing the dual challenges of escalating input costs and dwindling price realization at auctions, rendering operations unsustainable.

PLI INVESTMENTS SURPASS RS 32,500 CR IN H1 FY23

Among the 14 PLI schemes introduced since March 2020, the most successful ones include electronics (including smartphones), advanced chemistry cells, bulk drugs, medical devices,pharmaceuticals, automobiles, white goods, and drones

MAHARASHTRA RESEARCH SCHOLARSHIP EXAM ACCUSED OF COPYING SET 2019 QUESTION PAPER

A recent examination designed to assess eligibility for research scholarships at prestigious institutes such as Sarthi, Barthi, and Mahajyoti has ignited a wave of controversy in Pune and across the state.

CISF PERSONNEL INTERROGATE INDIAN PASSENGERS

The Central Industrial Security Force (CISF) officials have been interrogating the Indian passengers implicated in an alleged human trafficking scam following their landing at Mumbai airport.

BOMBAY HIGH COURT: LAWYERS WHO SIGN PLEADINGS WHICH 'SCANDALIZE' COURTS WITHOUT EXISTENCE OF ADEQUATE GROUNDS CAN BE HELD LIABLE FOR CONTEMPT

The Bombay High Court in the case observed and has held that an advocate who signs an application or pleading with scandalous remarks against the Court which being without reasonable grounds to create an artificial situation so that the matter was recused by a judge may be liable for a contempt action.

PARLIAMENT... WITHOUT A BOWLER

Inademocratic process, it is difficult to imagine Parliament functioning without Opposition

JAISHANKAR ENGAGES RUSSIAN LEADERS ON CONNECTIVITY AND REGIONAL CONFLICT

External Affairs Minister S. Jaishankar expressed optimism about the positive trajectory of India-Russia ties due to geopolitical and strategic convergence

Infosys shares drop 2% after 1.5 bn deal termination

In intraday trading on Tuesday, shares of Infosys fell 2.5 per cent to Rs 1,522.50 on the BSE following the company's announcement on Saturday that a multinational corporation had chosen to end a multi-year, $1.5 billion deal with it.

Telecommunications bill receives presidential approval

The President has ratified the Telecommunications Bill that was just enacted by Parliament. In order to make the telecom industry more investor-friendly, the nation's century-old telecom law is expected to be overhauled by \"The Telecommunications Act, 2023,\" which prioritizes user protection while simultaneously giving the government the authority to intercept communications.

Kazakhstan tops GDP Growth in Central Asia and CIS states

Kazakhstan holds the top position in Gross Domestic Product (GDP) among Central Asian countries and the Commonwealth of Independent States (CIS), as per the Finprom financial and business analytical service's report cited by the Kazakhistan embassy in India.

ASIA-PACIFIC SOVEREIGNS FACE CHALLENGES IN 2024, SAYS FITCH RATINGS

The most recent outlook from Fitch Ratings indicates that sovereigns will outperform their worldwide counterparts in 2024 with robust growth

7,600 FPOS REGISTERED, GOVT TARGET, BOOSTING EXCEEDING 75% OF FARM PRODUCTIVITY

Nearly 7,600 FPOs registered, 75% govt target, boosting farm productivity 51.5% agri exports from just 5 products makes sector vulnerable

CAD slips to 1% of GDP in O2, experts peg range of 1.5-1.8 % of GDP

India’s current account deficit posted a sharp decline to 1 per cent of the GDP at USD 8.3 billion in the September quarter of the current fiscal 2023-24, lower than the deficit of 1.1 per cent of the GDP at USD 9.2 billion in the first quarter of FY24 and deficit of 3.8 per cent of the GDP at USD 30.9 billion posted in the year-ago period -- Q2FY23, RBI data on Tuesday showed.

Promoters to invest Rs 9,350 cr equity in Adani Green arm

Renewable energy developer, Adani Green  Energy has announced the approval of an infusion of INR 9,350 crore (equivalent to USD 1,125 million) investment for deleveraging and accelerated capital expenditure.

Govt okays 746 PLI applications for different sectors

A total of 746 applications have as NoA vember 2023 under the Production Linked Incentive (PLI) schemes, encompassing sectors like pharmaceuticals, white goods, and electronics, according to an official statement released on Tuesday.

Organised food, grocery retailer revenue to grow 14-15% in FY'25

Organised brick-and mortar food and grocery (F&G) retailers are set to log a strong revenue growth of 1415 per cent in fiscal 2025 supported by continued healthy demand and expansion in underpenetrated Tier II and III cities and despite fierce competition from quick commerce channels.

Operating profit of offshore oil rig operators to swell 30% next fiscal

Indian offshore rig operators are set for a 30 per cent jump in operating profit in fiscal 2025 with strong global demand for rigs amid healthy crude oil prices keeps day rates elevated after doubling to USD 85,000 from last year’s level.

Tiger mortality reaches decadal high with 202 deaths in 2023, Maharashtra worst-hit

India has witnessed the highest number of tiger deaths in over a decade, totaling 202 this year, according to a report released by the Wildlife Protection Society of India (WPSI).

FOUR ARRESTED IN CHUNABHATTI FIRING CASE; MANHUNT UNDERWAY FOR FIFTH SUSPECT

In the aftermath of the Chunabhatti firing incident that occurred on Sunday afternoon, Mumbai Police have successfully apprehended four individuals associated with the gang involved, while an intensive search is ongoing for the fifth suspect.

BEED RECORDS THREE NEW CASES OF COVID-19, THANE LOGS FIVE CASES OF JN.1 VARIANT

Three persons have tested positive for coronavirus in Maharashtra’s Beed district, an official said on Monday.

Delhi High Court Seeks Delhi Govt's Status Report: Medical Infrastructure In Delhi Inadequate Demand Far In Excess Of Supply

The Delhi High Court in the case Court On Its Own Motion v. Union Of India And Ors observed that the medical infrastructure in the national capital is inadequate and the number of hospital beds are insufficient.

DELHI HIGH COURT DISMISSED TV TODAY NETWORK'S PETITION AGAINST ORDERS TO RUN APOLOGY SCROLL FOR BROADCASTING ADVERTISEMENTS PROMOTING LIQUOR BRAND NAMES

The Delhi High Court in the case TV Today Network Limited v. Union of India and Anr observed and has refused to interfere with orders passed by Ministry of Information and Broadcasting, whereby TV Today Network, operator, or owner of India Today and Aaj Tak, was directed to run an apology scroll for broadcasting advertisements which are promoting brand names associated with the alcohol produces.

SUPREME COURT DENIED ANTICIPATORY BAIL TO IPS OFFICER WHO ALLEGEDLY GOT CONMAN TO POSE AS HIGH COURT CHIEF JUSTICE TO INFLUENCE OF CORRUPTION PROBE

The Supreme Court in the case Aditya Kumar v. State of Bihar observed and has denied the anticipatory bail to IPS officer and former Superintendent of Police Aditya Kumar who had allegedly involved a conman to pose as the Chief Justice of the Patna High Court in order to influence the corruption probe against him.

ALLAHABAD HIGH COURT: STRICKER APPROACH TO I n BE FOLLOWED BEFORE GIVING BENEFIT EXEMPTIONS AND DEDUCTIONS UPVAT RULES I

The Allahabad High Court in the case the Commissioner, Commercial Tax U.P. v. S/S Sanya Construction and Developers Pvt. Ltd observed and has held that though in case of doubt, the taxing statues are to be interpreted in favour of the assesee.