Mumbai receives unseasonal showers, IMD predicts partly cloudy skies

Mumbai received unseasonal rains at the start of March on the intervening night of Thursday and Friday.

DEPUTY CM DECLINES SHARAD PAWAR'S DINNER INVITE DUE TO UNAVAILABILITY OF TIME

Maharashtra Deputy Chief Minister Devendra Fadnavis has declined an invitation to dine with Nationalist Congress Party (Sharadchandra Pawar) president Sharad Pawar, who had extended an invitation a day before to share a meal at his residence in Baramati during his visit to his hometown on March 2.

Supreme Court To Hear Shiv Sena UBT Petition Against Maharashtra Speaker's Refusal To Disqualify Shinde Group On March 07, 2024

The Supreme Court in the case Sunil Prabhu v. Eknath Shinde observed wherein the petition was filed by a member of Shiv Sena (Uddhav Balasaheb Thackeray) wherein it challenged the Maharashtra Assembly Speaker's refusal to disqualify the MLAs belonging to Eknath Shinde group.

GYANVAPI MOSQUE COMMITTEE MOVES SUPREME COURT AGAINST THE DECISION OF HIGH COURT THAT SUITS ARE NOT BARRED BY PLACES OF WORSHIP ACT

The Supreme Court in the case Anjuman Intazamia Masazid Varanasi v. First Additional District Judge Varanasi and Ors observed wherein the mosque committee has moved challenging the order of Allahabad High Court holding that a batch of civil suits by Hindu parties are pending before a Varanasi civil court which are not barred by the Places of Worship Act, 1991.

HIGH COURT ASKS POLICE TO CLARIFY IF PROBE IS COMPLETE OR MORE CHARGESHEETS WILL BE FILED; DELHI RIOTS LARGER CONSPIRACY CASE

The Delhi High Court in the case Khalid Saifi v. State observed and has asked the Delhi Police to clarify if its investigation in the UAPA case wherein it alleged a larger conspiracy in the 2020 North-East Delhi riots is complete or if any more chargesheets will be filed in the matter.

SUPREME COURT ELABORATED LAW ON AGENCY: DISTRIBUTOR NOT AGENT, INDEPENDENT CONTRACTOR

The Supreme Court in the case Bharti Cellular Limited v.Assistant Commissioner of Income Tax and Another observed wherein the court was dealing the question of cellular mobile service providers liability to deduct tax at source under Section 194-H of the Income Tax Act, 1961 The court in the case observed and has summarized aspects that must be kept in mind by Courts while examining whether a principal-agent relationship exists in particular case.

WTO postpones closing session of 13th Ministerial Conference

The closing session of the World Trade Organization's (WTO) 13th Ministerial Conference (MC13) has been postponed to 5 p.m. (local time) on Friday, March 1. WTO Spokeswoman Ismaila Dieng said that the ministers continue to hold discussions on a package of agreements for adoption at MC13.

China's factory activity slows for 5th mth as weak demand hampers growth

China's factory activity continued its decline China for the fifth consecutive month in February, underscoring persisting challenges posed by weak demand in the economy.

CHINA SEEKS FEEDBACK FROM FOREIGN BUSINESSES AMID INVESTMENT DOWNTURN

The roundtable on Wednesday came as U.S.-China exchanges have ticked up and both sides attempt to stabilize the tense relationship between the world’s two largest economic powers

Paytm, Paytm payments bank to end Inter-company pacts amid PPBL crisis

A mid-RBI's action on its associate firm, One 97 Communications on Friday said the board has approved the discontinuation of intercompany pacts with Paytm Payments Bank to reduce dependencies.

Asics Foresees India as fastest-growing market in Southeast Asia

Asics India to become its fastest-growing market in Southeast Asia and its first prominent market outside the US, Europe, Japan, and China, Rajat Khurana, managing director at Asics India and South Asia, told Raghav Aggarwal in an email interview.

CG Power JV invests Rs 7600 Cr in Gujarat semiconductor facility

In partnership with Renesas Electronics Corporation and Stars Microelectronics CG Power & Industrial Solutions (CG) and the Murugappa Group; Renesas Electronics Corporation, a premier supplier of advanced semiconductor solutions; and Stars Microelectronics (Thailand) Public Co. (Stars Microelectronics), a Thailand-based Outsourced Semiconductor Assembly and Test (OSAT) provider; had recently signed a Joint Venture Agreement (JVA) to establish a Joint Venture (JV) to build and operate an OSAT facility in India.

GOOGLE TO PENALIZE 10 INDIAN DEVELOPERS OVER UNPAID SERVICE FEES

Alphabet Inc’s Google has warned it may remove the apps of 10 companies in India, including of Matrimony.com and Info Edge

Welspun bags Rs 4,124 crore order in Maharashtra

Welspun Enterprises has announced securing a significant new order valued at approximately Rs 4,124 crore for the establishment of a water treatment plant in Maharashtra.

PM Modi initiates projects totalling Rs 35,700 crore

Prime Minister Narendra Modi inaugurated and laid the foundation stone for projects totalling Rs 35,700 crore in Jharkhand on Friday, marking a significant boost to the state's infrastructure and industrial development.

Central govt releases Rs 1.42 lakh crore to states

In a significant Lat enhancing move aimed the financial capabilities of state governments nationwide, the Union Government has authorized the release of two installments of tax devolution totalling Rs 1.42 lakh crore.

DELHI'S PER CAPITA INCOME RISES 22% TO RS 4.61 LAKH IN 2023-24

Delhi's Per Capita Income for 2022-23 sees significant growth, reaching Rs 444,768, staying consistently 2.6 times higher than the national average

UPI transactions see slight dip to Rs 18.28 trillion

After reaching a peak in JanuPayment Interface (UPI) transactions in India experienced a slight decline in both value and volume in February, dropping by 0.7% and 0.8% respectively compared to the previous month.

Saturday session tests disaster recovery for stocks

In a bid to assess their readiness to manage potential disruptions, leading stock exchanges BSE and NSE have announced a special trading session in the equity and equity derivative segment on Saturday.

Commercial LPG prices rise Rs 25 in India

Commercial LPG cylinder prices in India witnessed a hike of Rs 25 on Friday, with the cost of a 19 kg cylinder reaching Rs 1,795 in Delhi.

NEARLY 97.6% OF RS 2,000 NOTES RETURNED, RS 8,470 CRORE STILL IN CIRCULATION

The decision to withdraw Rs 2000 banknotes came after their introduction in November 2016, following the demonetisation of the then-existing Rs 1000 and Rs 500 banknotes

INDIAN ECONOMY PROJECTED TO GROW 7.6% IN FY24 LIFTED BY CONSTRUCTION, MANUFACTURING

Double-digit growth rate of the construction sector at 10.7 per cent, followed by a good growth rate of manufacturing at 8.5 per cent have boosted the GDP growth in FY 2023-24

DGCA fines Rs 30 lakh on Air India for wheelchair incident

The Directorate General of Civil Aviation (DGCA) has imposed a financial penalty of 30 lakhs on Air India following a distressing incident on February 16, where an 80-year-old passenger collapsed and died at Mumbai’s airport terminal after walking from the aircraft due to non-availability of a wheelchair.

INDIA'S FDI FALLS 13 PER CENT TO $32 BILLION

According to the latest government data released by the Department for Promotion of Industry and Internal Trade (DPIIT), Foreign Direct Investment (FDI) inflows in India experienced a significant decline of 13 per cent to 32.03 billion dollar during the period of April-December 2023.

Govt establishes conservative wheat procurement goal of 30-32 MT

In a recent development, the government has announced a conservative target for wheat procurement for the upcoming 2024-25 rabi marketing season.

SOARING INTO THE COSMOS

As of 2024, one Indian national and four people of Indian origin have been in space. The first and only astronaut of Indian national, in space was Rakesh Sharma on Soyuz T-11 in 1984.

Two exhibitions provide glimpse into Mumbai's bygone era

Mumbai enthusiasts and history buffs have a unique opportunity to delve into the city’s past with two upcoming exhibitions.

EX-INTEL INDIA HEAD KILLED AFTER BEING KNOCKED DOWN BY SPEEDING CAB IN NAVI MUMBAI

Former Intel India country head Avtar Saini was killed after a speeding cab hit him while he was cycling in Navi Mumbai township of Maharashtra, police said on Thursday.

5 'Younnovation' centers and 50 Jaihind Youth Clubs to empower youth

Independent MLC Satyajeet Tambe’s proposal for Youth Innovation Centers has gained acceptance from the Maharashtra Government, aiming to nurture creativity and entrepreneurship while providing job opportunities for the youth.

INDIA'S LARGEST CORRUGATED PACKAGING MACHINERY EXPO COMMENCES ON 7 MARCH 2024

The Corru Pack Print India Expo 2024, an exhibition dedicated to the Corrugated Packaging Machinery Industry, is set to unfold from March 7 to March 9 at the India International Convention and Expo Center in New Delhi.