VEDANTA PREVAILS IN $1.1B GOVT. DISPUTE ARBITRATION

Vedanta Ltd., headed by mining mogul Anil Agarwal, has won an arbitration dispute against the government for refusing to accept a cost of Rs. 9,545 crore

G20 summit, tourism pushes hotel rates to pre-pandemic levels

The G20 summit and increased tourist inflow have resulted in a significant boost to hotel occupancy and room rates, bringing those back to pre-pandemic levels, according to the Hotel Association of India (HAI).

Jan Dhan accounts surpass 50 cr, deposits cross Rs 2 trillion

India's India's ambitious Jan Dhan Yojana scheme has achieved a significant milestone, with over 50 crore (500 million) bank accounts opened in the past nine years and the total deposits having crossed Rs 2 lakh crore, according to the Finance Ministry.

Direct export of fruits from Assam to S'pore successful

The direct export of fruits from Assam to Singapore under the supervision of the island country's Ministry of Trade and Industry has been successful, according to officials.

GOVERNMENT INTRODUCES ADD'L SAFEGUARDS ON BASMATI RICE

The export of non-basmati white rice was prohibited on 20 July

Volume pickup noted as inflation moderates: ITC CMD Sanjiv Puri

As inflation is moderating, diversified group LITC is seeing green shoots of volume growth and expects the momentum to continue sequentially, its Chairman and Managing Director Sanjiv Puri said on Sunday.

'India-UAE CEPA started new era in bilateral trade'

Thani Ahmed Al Zeyoudi, UAE Minister of State for Foreign Trade, has said that the India-UAE Comprehensive Economic Partnership Agreement (CEPA) agreement signed in 2022 has benefited bilateral trade between the two countries.

India's digital hub empowers users to bargain: Nilekani

On Sunday, Nandan Nilekani chairman and co-founder of Infosys, said that India's unique digital public infrastructure has empowered citizens with their own data and achieved formalisation of society at an unprecedented rate while balancing innovation and regulation.

EU concerned as goods 'made in India' flood Euro market

The EU voiced concerns over \"rapid\" rise in refined petroleum products made from Russian crude oil in India finding way to the European market, saying it defies the purpose of the economic sanctions against Moscow that are aimed at reducing its ability to finance the war on Ukraine.

PM FLAGS CONCERNS OVER BIAS IN AI; CALLS FOR ETHICAL USE

PM Modi called biz communities and govts to work together to ensure usage of ethical AI as \"we have to sense the potential disruptions in different sectors

SEBI CALLS FOR STEPPING UP INVESTOR PROTECTION, GREATER FINANCIAL LITERACY

The Securities and Exchange Board of India (SEBI) has called for collective responsibility of regulators and market players to convert savers into investors and is keen to explore for itself the role of providing a level playing field for the issuers, intermediaries and investors.

UNION BANK RAISES EQUITY CAPITAL OF RS 5,000 CR VIA QIP

In one of the largest equity capital raising issue in public sector banking space in the recent past, Union Bank of India has successfully raised equity capital of Rs 5000 crore via qualified institutions placement (QIP) on 25 August, 2023.

RIL, Oberoi to co-manage three hospitality projects

Reliance Industries has entered into an understanding with The Oberoi Hotels and Resorts to jointly manage three properties across India and the UK.

Delhi Court awards 4-month sentence to ex MLA Rambeer Shokeen

The Rouse Avenue court awarded 4 months’ sentence to former MLA Rambeer Shokeen on Saturday due to his failure to appear before the court.

FIR registered for communal against teacher remarks

An Uttar Pradesh-based lawyer SM Haider Rizvi has recently moved to the NHRC seeking registration of an FIR against the teacher of a private school in the Muzaffarnagar district.

CBI COURT DENIES ANSARI'S PLEA SEEKING CLEAN CHIT

A special CBI court has recently declined the plea of mafia-turned-politician Mukhtar Ansari seeking a clean chit in a Prevention of Money Laundering Act (PMLA) case.

SC CHIDES LADAKH FOR ELECTION SYMBOL DENIAL

The Supreme Court has recently termed the act of the Ladakh administration as “unfair” of not granting the ‘plough’ poll symbol to the National Conference for the forthcoming Ladakh Hill Council elections despite a directive from the high court.

POCSO court sentences juvenile to life imprisonment

A POCSO court has handed down a life imprisonment verdict to a juvenile offender in connection to double murder and gang rape.

Tata Motors commits to net zero emissions by 2045

Tata Motors, India’s premier commercial vehicle manufacturer, has pledged to transition its facilities to achieve net zero in greenhouse gas emissions by 2045.

All new Lexus LM debuts in India

Lexus India, the leading luxury automobile manufacturer, has commenced bookings for its flagship MPV, the new majestic Lexus LM.

INDIA'S EV ADOPTION TO STAY SUPPRESSED UNTIL LOCAL EV SUPPLY CHAIN DEVELOPS

As Tata, Maruti Suzuki and Hyundai increase their local EV (including plug-in hybrids) production in India, growth in sales is expected to accelerate and if Tesla moves to produce EVs in India over the medium term, consumers may hold off on buying an EV as they wait for Tesla-branded vehicles, says a research by BMI, a Fitch Solutions Company.

INDIA SAW 80 PLUS NEW STARTUPS IN MILLET SECTOR IN PAST YEAR AND A HALF

A significant growth of startups in the millet sector has turned the attention of the highest levels of Government to making the millet movement a mass movement in India and globally.

B20 SUMMIT ADDRESSES CLIMATE TRANSITION FINANCING CHALLENGES

The B20 Summit, held at the Taj Palace, deliberated ‘Financing the Climate Transition’ this Saturday, spotlighting the world’s urgent need for capital mobilisation towards climate action. Mark Carney, the UN’s voice for Climate Action and Finance, emphasised the pivotal role of Multilateral Development Banks (MDBs) in catalysing this transition.

India-EU free trade talks progress, challenges remain

The Free Trade Agreement (FTA) discussions between India and the European Union (EU) have seen progress, but hurdles still remain, stated EU Executive Vice-President Valdis Dombrovskis. Speaking at a press conference in India, he expressed that the relationship between India and the EU holds vast untapped potential.

G20 MINISTERIAL ARRIVES AT CONSENSUS ON 5 DELIVERABLES

India has scored a significant goal on steering a global move towards a rules-based, open, inclusive, multilateral trading system – holding the World Trade Organization (WTO) at its core —with the G20 Trade and Investment Ministers’ meeting under India’s Presidency arriving at an all encompassing and inclusive consensus on five concrete deliverables which could have far-reaching and favourable implications for rejuvenating global trade demand, bringing in targeted investments in quality physical and digital logistics, enhancing supply chain resilience, promote economic growth and foster prosperity.

Assam Cabinet gives nod to form 4 new districts, 81 sub-districts

The Assam Cabinet has decided to create four new districts and 81 sub-districts following completion of the delimitation process, to improve administrative efficiency, Chief Minister Himanta Biswa Sarma said Friday.

India, Japan sign pact for waste management and environment

The Kolkata-based International Society of Waste Management, Air and Water (ISWMAW) and the Kyoto Beyond SDGs consortium of Japan have inked an agreement on academic, research and industry collaboration between the two Asian countries on various environmental issues.

Vande Bharat's technical glitch: Railways change rake, passengers protest

A technical glitch in the rake of the Howrah-New Jalpaiguri Vande Bharat Express on Friday morning forced the railways to replace it with the one used in operating Yuva Express, causing a delay of one hour, an official said.

CONGRESS' CHALLENGE IN CHHATTISGARH: ED AND I-T DEPT, NOT BJP, SAYS CM BAGHEL

Baghel hints at not renominating certain MLAs based on performance surveys for polls

Jharkhand & TGESPL ink pact for India's first' hydrogen fuel project

The Jharkhand government on Friday inked a pact with TCPL Green Energy Solutions Private Ltd (TGESPL), a joint venture between Tata Motors and Cummins Inc, USA to set up the country’s “first” hydrogen fuel project in Jamshedpur at an estimated cost of over Rs 350 crore, officials said.