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SUPREME COURT EXPRESSED SURPRISE AT PATNA HIGH COURT FOR RESERVING JUDGEMENT ON ANTICIPATORY BAIL FOR ONE YEAR; SEEKING REPORT FROM REGISTRAR
The Supreme Court in the case observed and has expressed its surprise that the Patna High Court reserved judgment on an anticipatory bail plea for a year.
Four bids for $3 bn upgrade of Philippines main Airport
The Philippines attracted four bidders in an auction for the 170.6 billion pesos ($3 billion) upgrade of its main international airport, the transportation ministry said on Wednesday.
BYD surpasses tesla as global leader in electric vehicle production
China's BYD Co. bills itself as the biggest car brand you've never heard of. It might need a different tagline soon.
INDIA, RUSSIA INK PACTS FOR KUDANKULAM NUCLEAR PLANT EXPANSION
In Tamil Nadu, the largest nuclear power station in India, Kudankulam, is being constructed with Russian technical support
Adani Green completes TotalEnergies JV, raises $300M
Adani (AGEL) and French energy major TotalEnergies have completed the process to form a 50:50 joint venture with the latter investing $300 million in the new entity, the Adani Group company said on December 27.
MERCEDES-BENZ GLS FACELIFT LAUNCH IN INDIA ON JANUARY 8
Mercedes-Benz India has declared that the German brand's introduction will begin on January 8, 2024., with the release of the GLS facelift
Tesla plans model Y revamp at Shanghai plant: Report
Tesla Inc. is preparing to roll out a revamped version of its smash hit Model Y from its Shanghai plant, according to people familiar with the matter, as domestic rivals accelerate product launches amid heated competition.
Wipro files suit against Ex-CFO Jatin Dalal at Cognizant
IT giant Wipro has reportedly initiated legal action against its former chief financial officer (CFO) Jatin Dalal in the Bengaluru civil court. Following this, Dalal has submitted an application, requesting the court to refer the matter to arbitration.
Toyota's global output up 11% in Nov, hits record high
Toyota's global output surges to record in November on strong demand TOKYO, Dec 27 (Reuters) - Toyota Motor's global production jumped 11% in November to a record level, bouncing back from last year's supply chain disruptions and benefiting from robust demand both in Japan and overseas.
High demand, soaring sales propel real estate frenzy
India's housing market defied expectations this year, achieving unprecedented sales despite increased asking prices and the highest interest rates in six years.
GOVERNMENT TAKES ACTION AGAINST DECEPTIVE LOAN APP PROMOTIONS
The central government is taking action against the promotion of deceptive loan apps on social media
Adani strengthens market leadership with 7 GW Khavda Project win
Adani Energy Solutions online announced on 28 December that it has secured a letter of intent (LOI) to acquire Halvad Transmission from PFC Consulting Limited (PFCCL).
Private funding hits $27.9B low for domestic companies
Investments from private equity and venture capital funds Lin domestic companies decreased by approximately 40 percent to USD 279 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 uncertain 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
MUMBAI POLICE ARRESTS VADODARA MAN FOR SENDING THREATS TO RBI, PRIVATE LENDERS
The Mumbai Police Crime Branch apprehended an individual from Vadodara, Gujarat, for sending a threatening email to the Reserve Bank of India (RBI), HDFC Bank, and other private lenders.
MEYER ORGANICS INITIATES SAFE RIDERS’ SEMINAR AND HELMET DISTRIBUTION
Meyer Organics Pvt Ltd, a leading health and wellness company, successfully concluded an impactful Corporate Social Responsibility (CSR) initiative to promote road safety.
BOMBAY HIGH COURT: FUNDAMENTAL RIGHT TO TRAVEL ABROAD, AUTHORITY CANNOT CITE ONGOING DISPUTE OVER APPLICANT'S ADDRESS TO DENY PASSPORT
The Bombay High Court in the case observed and has directed the Regional Passport Officer, Mumbai to renew the passports of a woman and her two sons, which were earlier rejected by the Passport Authority due to objections which are raised by the brother-in-law of woman's over the address being mentioned by them in their passport applications.
Allahabad High Court: No Real Use In Relegating Cases Of Undisputed Facts To Forum Of Alternate Remedy
The Allahabad High Court in the case Hindustan Paper Machinery Industries vs Commissioner Cgst And 2 Others observed and has held that tax cases where the facts are undisputed and there are issues of jurisdiction and the violation of principles of natural justice s involved, it may not be relegated to the Authorities.
INDIA, RUSSIA INK PACTS FOR KUDANKULAM NUCLEAR PLANT EXPANSION
In Tamil Nadu, the largest nuclear power station in India, Kudankulam, is being constructed with Russian technical support
MERCEDES-BENZ GLS FACELIFT LAUNCH IN INDIA ON JANUARY 8
Mercedes-Benz India has declared that the German brand’s introduction will begin on January 8, 2024, with the release of the GLS facelift
India sets sights on $1B banana export goal
After successfully exporting a trial shipment of fresh bananas to the Netherlands via the sea route, India aims to increase banana exports to $1 billion in the next five years, according to an official.
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.