ORDERED MOTOR ACCIDENT CLAIMS TRIBUNAL TO PASS FRESH JUDGEMENT IN 1999 BUS ELECTROCUTION CASE, AFTER HEARING POWER COMPANY: GAUHATI HC

The Gauhati High Court in the case Assam Power Distribution Company Ltd. v. Prafulla Brahma and 3 Ors observed and has set aside the Motor Accident Claims Tribunal, Kamrup’s order wherein the court directed the Assam Power Distribution Company Limited, APDCL in order to pay compensation to a person who got injured which being due to electrocution of a bus in which he was travelling.

DELHI HIGH COURT: COMMITTEE CONSTITUTED; ASKS TO FILE REPORT; UNIFORM ELECTION FOR ALL BAR ASSOCIATIONS IN ONE DAY

The Delhi High Court in the case Lalit Sharma and Ord v. Union Of India And Ors and other connected matters observed and has constituted the committee for examining whether the uniform election of all the Bar Associations in the national capital can be held of in a single day.

Pakistan facing severe economic crisis resulting in inflation

According to the Pakistan Bureau of Statistics (PBS), in the midst of soaring prices and slumping economy, the inflation rate in Pakistan has increased by 3.46 per cent reaching 28.3 per cent in July 2023.

ADNOC & Occidental to estimate carbon management projects in UAE

ADNOC and Occidental, on 2 August 2023, announced that they have signed a strategic collaboration agreement (SCA) to estimate potential investment possibiliities in carbon dioxide (CO2) capture and storage (CCS) hubs in the United Arab Emirates (UAE) and the United States (US). This agreement was signed with a view to develop a carbon management platform to accelerate the net zero goals of both companies.

Top US diplomat for global women's rights on week-long visit to India

Dr Geeta Rao Gupta, US Ambassador-at-Large for Global Women’s Issues is on a week-long visit to India from 1 August 2023 to 8 August 2023. She is here to take part in the G-20 conference and meet her Indian counterparts with a goal to draw special attention to and advance the Biden administration’s gender equality policies in the areas and around the world.

United States finished second lottery round for H-1B visas, winning candidates informed

According to the federal agency, the US has finished a second round of random lottery selection for the much-awaited list of H-1B work visas for foreign guest workers and the winning applicants have been informed.

INDIAN-AMERICAN WOMAN TO LEAD FBI OFFICE IN SALT LAKE CITY

Indian-American Sohini Sinha has been designated the special agent in charge of the FBI’s field office in Salt Lake City, Utah in the United States

SBI Life Insurance's 1k branch demonstrates, dedication to larger goal

SBI Life Insurance, with the establishment of its 1000th branch in Jhunsi, Uttar Pradesh, one of the most reputable private life insurers in the nation, becomes the first private sector insurer in the country to reach a milestone. SBI Life is now one of the nation’s most accessible insurance carriers with the significant opening of its 1000th branch. The branch expansion demonstrates the company’s dedication to the greater national objective of “Insurance for all by 2047.”

Battery Company plans to build $1 bn lithium-ion plant in India

The provincial government announced on Tuesday that International Battery Company has committed to spending $1 billion to erect a lithium-ion cell manufacturing facility in southern India’s Karnataka state.

CRED Launches on UPI with RuPay Credit Cards

CRED, a high-trust network of dependable companies, organizations, and people, has introduced RuPay credit card-based UPI payments for its users.

Harley Davidson X440 increase by Rs. 10,500 & now start at Rs. 2,39,500

All three of Hero MotoCorp’s recently released Harley-Davidson X440 motorcycle versions will now cost Rs 10,500 more. After August 3, the revised prices will take effect.

Ambuja Cements profit up 31.2 pc to Rs 1,135.46 cr; revenue at Rs 8,713 crore

Ambuja Cements o n Wednesday reported an increase of 31.2% in total net profit at Rs. 1,135.46 crore, driven by volume growth and lower operating costs. Ambuja Cements reported in a regulatory filing that the business, which is now a part of the Adani Group, generated a net profit of Rs. 865.44 crore in the April-June quarter of the previous year. During the quarter under review, its consolidated revenue from operations increased 8.46% to Rs 8,712.90 crore. In the comparable period of the previous fiscal year, it was Rs 8.032.88 crore,For the quarter that ended on June 30, 2023.

TVS MOTOR SALES IN JULY 2023 INCREASED BY 4%, DOMESTIC INCREASED BY 17 %

From July 2022 to July 2023, TVS Motor Company saw a 4 per cent increase in sales, going from 314,639 units to 325,977 units

Gurugram unrest hits e-com, start-up ops

Most IT companies have maintained that they follow a hybrid mode of working, so employees can work from home. The violence in parts of Haryana that started in Nuh and caused the death of six people spread to Gurugram on 1 August, affecting operations of numerous e-commerce majors and food delivery startups. As the unrest continues to unfold, various technology companies and multinational corporations have taken precautionary measures, urging their employees to work remotely unless otherwise required.

Nitin Gadkari assures Rs 400 cr for flood-hit area

Himachal Pradesh Chief Minister Sukhvinder Singh Sukhu and Union Minister for Road Transport and Highways Nitin Gadkari jointly assessed the aftermath of the recent disaster that ravaged Kullu district.

Delhi govt bans use of 'Chinese manjha’

Delhi Government has issued instructions to all concerned departments to ban the use of Chinese Manjha.

WOMEN S EMPOWERMENI 'WHEN WOMEN PROSPER, WORLD PROSPERS': PM MODI

'When women prosper, the world prospers,' Modi said while virtually addressing the Ministerial Conference on Women's Empowerment'

PayU eyes $6 bn valuation in India IPO next year

PayU India, a fintech and payment processing firm backed by Netherlands based Prosus, is planning to make its debut on the Indian stock market next year. The company is aiming for a valuation of $6-6.5 billion and is expected to file a draft red herring prospectus (DRHP) by the end of this year or early next year, according to sources.

India's edible oil imports soar to record levels

India’s edible oil imports reached a record 1.76 million metric tonnes in July as refiners sought to build up stocks ahead of upcoming festivals due to uncertainty over supplies from the Black Sea.

Hiring spree across Oil & Gas, real estate, AI, auto

In July, India’s IT sector experienced a significant decline in new job opportunities, recording a 46% drop compared to the same period the previous year.

BYD under investigation in India for alleged tax evasion

Chinese automaker BYD is currently under investigation in India for allegedly paying too little tax on imported parts used in cars it assembles and sells in the country, according to sources familiar with the matter.

INDIA, UK FTA TALKS RESUME ON 7 AUG

The bilateral trade between India and the UK increased to USD 20.36 billion in 2022-23 from USD 17.5 billion in 2021-22

K'taka govt to formally launch 'Gruha Jyothi' scheme on 5 Aug

Karnataka Energy Minister K J George on Tuesday said ‘Gruha Jyothi’ scheme, one of the five poll guarantees of the Congress promising to provide up to 200 units of free power to households, will be formally launched on 5 August in Kalaburagi.

HR govt suspects 'conspiracy' behind Nuh violence

The death toll in the violence that erupted over an attempt to stop a Vishva Hindu Parishad (VHP) procession in the Nuh district of Haryana has gone up to five. Curfew was enforced in the district on Monday night after clashes between two groups.

'WILL DONATE PRIZE MONEY TO NAMAMI GANGE PROJECT': MODI

PM Modiheaped praises on Lokmanya Tilak’s significant contribution towards India’s independence struggle and appreciated all the freedom fighters

Schneider Electric Withdraws Appeal Against SEBI Before SAT

The Securities Appellate Tribunal, SAT in the case Schneider Electric V. Sebi observed wherein the French company, Schneider Electric President Systems Ltd has decided to rejoin national stock exchanges after withdrawing its appeal against the Securities and Exchange Board of India, SEBI.

ALLAHABAD HIGH COURT: GOODS IN TRANSIT CANNOT BE TREATED AS NON-TRACEABLE IN PRESENCE OF TAX INVOICE, E-WAY BILL AND BILTY

The Allahabad High Court in the case M/S Bhawani Traders Versus State of U.P. observed and has quashed an order passed in the Form of MOU-09 under Section 129(1)(b) of the Goods and Services Tax Act, 2017 on the grounds that the goods in transit were duly accompanied by the tax invoice, eway bill, and bilty.

PATNA HIGH COURT: ANTICIPATORY BAIL GRANTED ON CONDITION OF PLANTING 500 TREES, IN ENVIRONMENT PROTECTION ACT VIOLATION CASE

The Patna High Court in the case Radhe Sharma v. Chief Secretary, Mines and Geology & others observed and has granted anticipatory arrest bail to a man, who was being booked for violating the Bihar Minor Mineral Concessions Rules, 1972 and the Environment, the Protection Act, on the condition of planting 500 trees.

X sign taken down from Musk company's San Francisco HQ

After several complaints were registered, Elon Musk’s X sign has been removed from his social media company headquarters in San Francisco on 31 July 2023. The social media company was formerly known as Twitter.

US HOLDS CRUCIAL TALKS WITH TALIBAN TO DISCUSS AFGHAN CRISIS

As per the State Department, a group of senior American diplomats met representatives from the Taliban and technocratic professionals during which they talked about the critical issues concerning Afghanistan’s well-being and humanitarian crisis. The meeting took place in Doha on 30 July 2023 and 31 July 2023.