IMFSAYS ASIA TO CONTRIBUTE TWOTHIRDS OF GLOBAL GROWTH IN 2024

Krishna Srinivasan, Director of the IMF's Asia and Pacific Department, stated that Asia is poised to contribute two-thirds of global growth in 2024, mirroring its performance in 2023

PAYTM CEO PRIORITIZES STRINGENT COMPLIANCE AHEAD OF TECHNOLOGICAL ADVANCEMENTS

Vijay Shekhar Sharma, Founder and CEO of One97 Communications, the parent firm of fintech major Paytm, says the company will focus on compliance as a primary approach

3 RAIL CORRIDORS TO COST RS 11 TRN, ADD 40K KM OF TRACKS: RLY MIN VAISHNAW

The national transporter is expected to have an operating ratio of 98.7% in FY 2024-25

Car sales boom, highest ever monthly wholesales hit

The Indian auto industry witnessed a historic milestone in January 2024, recording its highest-ever monthly domestic passenger vehicle (PV) wholesales at 394,571 units.

Monetization push stumbles: 1.5L cr gap

The central government and Central Public Sector Enterprises (CPSEs) are projected to monetize assets worth Rs 1.50 lakh crore in the current fiscal year, slightly below the targeted Rs 1.75 lakh crore, according to a senior official.

Rs 4.6 crore Tax collected from updated ITRs in 2 years

The Income Tax Department has achieved a noteworthy accomplishment by collecting approximately Rs 4,600 crore in taxes from 5.6 million updated Income Tax (I-T) returns filed by taxpayers over the past two years.

India stock rally cools as foreign investors turn cautious, sell $3 billion

In January, foreign investors engaged in a significant selloff of Indian stocks, marking the highest monthly total in a year.

INDUSTRY HAILS INFRA PUSH, RAIL CORRIDORS, ECONOMISTS LAUD LOWER FISCAL DEFICIT TARGET, RURAL FOCUS

The gross market borrowing for FY25 at Rs 14.13 lakh crore and net market borrowing at 11.75 lakh crore, according to Rajesh Sinha, Senior Research Analyst of Bonanza Portfolio, can be a positive for public sector banks

PM Modi T0 Inaugurate Rs 11,008 Crore Projects In Guwahati

To boost religious tourism and pilgrimage, a proposal for the development and beautification of Navagraha Temple has been submitted to the Government of India

No Change In Tax Slab, Capex Outlay Up 11.1% To Rs 11,11,111 Crore, Boosters To Railways

The scheme of fifty-year interest free loan for capital expenditure to states will be continued this year with total outlay of Rs.1.3 lakh crore.

Google Inks Largest Offshore Power Deal With Dutch Wind Projects

Nechnology giant Tec Google has signed its largest ever power purchase agreement (PPA) with offshore wind projects off the coast of the Netherlands as part of efforts to green its power supply and hit climate targets, it said on Thursday.

1993 MUMBAI BOMB BLASTS CONVICT RUBINA MEMON APPEALS T0 HC FOR PAROLE

The Bombay High Court, on Wednesday, hinted at the possibility of granting temporary parole to Rubina Memon, a convict in the 1993 Mumbai bomb blasts case currently serving time at the women's wing of Yerwada Central Prison. The parole request is centered around her son's upcoming wedding. However, the court emphasized that her release may be subject to being accompanied by a police escort.

JALNA ROAD FACES DISRUPTION AS LPG TANKER LEAK FORCES ROAD CLOSURE AND POWER OUTAGE

Chaos ensued on the busy Jalna Road in Maharashtra after a fully-loaded LPG tanker sustained damage when its driver unintentionally mounted the road divider on Thursday morning.

ARMY CHIEF GENERAL MANOJ PANDE ATTENDS COMMEMORATION PARADE OF REUNION

Chief of Army Staff General Manoj Pande on Thursday attended the Commemoration Parade of the Reunion and the Commemoration of Bombay Sappers' War Memorial Centenary here in Pune.

Supreme Court Rejected Widow's Plea To Abort 32-Week Pregnancy, Suggests Giving Child For Adoption

The Supreme Court in the case observed and has refused to allow a woman to terminate her pregnancy which was over 32-weeks.

SUPREME COURT: WHEN PARTY VIOLATES STATUS QUO ORDER, CONTEMPT PROCEEDINGS MUST BE INITIATED THAN MERELY VACATING INTERIM ORDER

The Supreme Court in the case Amit Kumar Das Joint Secretary vs. Shrimati Huthee singh Tagore Charitable Trust (Sole Respondent) observed that where the status quo order qua possession of the suit premises was wilfully violated, the court held that the same amounts to civil contempt.

SUPREME COURT CRITICISES HIGH COURT FOR NOT DECIDING BAIL APPLICATION ON MERITS AND DISPOSING IT ASKING ACCUSED TO APPROACH TRIAL COURT

The Supreme Court in the case observed that this approach amounts to non-exercise of jurisdiction. The Maharashtra Control of Organised Crime Act was invoked against the petitioner or accused in the present case. Thus, be seeks bail on merits and he pleaded his incarceration forsevenanda half years as a ground.

US raises costs for H-1B, EB-5 & more visas in fee hike

The United States has The declared a significant hike in fees for several non-immigrant visa categories, including the widely used H-1B, L-1, and EB-5 visas. This fee adjustment, the first since 2016, is slated to take effect from April 1, causing concerns, particularly among Indian nationals who heavily utilize these visa categories.

Pakistan's economic woes worsen as inflation hits 28.5%

Amidst an eco-Anomic crisis, Pakistan's caretaker government has revised its inflation projection, anticipating a staggering 28.5% inflation rate for January. The revised estimate, a 3.5% increase from the previous month, reflects persistent challenges in the form of food supply shocks, as reported by The Express Tribune.

ASIAN FACTORIES SPUTTER AS CHINA'S DEMAND WEAKENS

Mixed Asian factory performance: South Korea grows on increased demand, while Taiwan, Malaysia contract, and the Philippines expands at a slower pace.

Tata Steel considers UK plant boost with more govt. funding: Narendran

Tata Steel would consider additional future investments in its Port Talbot plant in the UK, if more government funding was made available, the company's Chief executive T V Narendran said on Wednesday.

Bain capital to invest 7B in India, ramp up hiring in 3-5 years

Capital has earmarked $7 billion to invest in India over the next three to five years as the country's relatively steady politics and economic growth lift its attractiveness for overseas money managers.

PAYTM FORESEES 60 MN IMPAC FROM RBI ACTION ON PAYMENTS BANK

Paytm has so far been suggesting that remedial action was going well. In October 2022, the bank received a final report from the RBI outlining

Assam cabinet approves new bill for tourism sector growth

On Wednesday, the Assam cabinet gave its nod to the Assam Tourism Development and Registration Bill 2024, aiming to regulate the state’s tourism sector.

UP plans to integrate higher edu with incubators to support biz ideas

Ittar Pradesh is set to higher Uta revolutionize education by integrating it with incubators, paving the way for angel funding to support innovative business ideas. With 63 operational incubators already in place, the government is ambitiously aiming to establish one at each higher education institution across all 75 districts.

MAHARASHTRA DOMINATES KHELO INDIA KHOKHO TOURNAMENT, CLINCHES GOLD IN FINALS

In a display of outstanding prowess, both the boys and girls from Maharashtra emerged victorious, securing gold in the highly competitive Khelo India Kho-Kho tournament finals held in Madurai on Tuesday.

Mumbai police's EOW arrests builder Tekchandani in cheating case

The Mumbai police's Economic Offences Wing (EOW) has arrested city-based builder Lalit Tekchandani in connection with a cheating and forgery case, an official said on Wednesday.

MUMBAI SCHOOL TEACHER GETS 5-YEAR JAIL TERM FOR SEXUALLY ASSAULTING MINOR GIRLS

A special court in Mumbai has sentenced a 28-year-old school teacher here to five years' rigorous imprisonment for sexually assaulting minor girl students.

'Belgium aims to scale up tech collaboration with India'

During a session held in the national capital, the Ambassador of Belgium to India, Didier Vanderhasselt, expressed Belgium's commitment to enhancing cooperation with India in order to scale up technological capabilities and address global challenges.

Nepal PM Dahal to address the problem facing Arun III hydropower project

In a recent high-level by Nepal Prime Minister Pushpa Kamal Dahal 'Prachanda,' urgent attention was drawn to resolving issues related to the entry route of the 900 MW Arun III Hydropower Project, Nepal's largest energy initiative currently under construction by an Indian company.