CATEGORIES

India's power demand surges 7.5% in first 10 mths of fiscal 2022-23

India's power consumpltion surged by 7.5 percent year-on-year to 1354.97 billion units (BU) during the April-January period of the current fiscal year, indicating a notable boost in economic activities nationwide.

SIX OF INDIA'S TOP COMPANIES LOSE RS 71,414 CRORE IN MARKET VALUE

In recent months, the stock market has experienced significant volatility as investors contend with various uncertainties, encompassing the pandemic’s effects, inflation concerns, and geopolitical tensions

80-YEAR-OLD IN NEED OF WHEELCHAIR AT AIRPORT COLLAPSES, DIES AS HE WALKS TO TERMINAL WITHOUT ASSISTANCE

An 80-year-old man collapsed and died of a heart attack at the Mumbai International Airport while proceeding to clear immigration by foot allegedly due to a lack of wheelchair support, police said on Friday.

4 charged with cognisable offence after dog abuse incident at Thane pet clinic

The Thane police in Maharashtra have registered a cognisable offence against four persons over an incident in which a dog was mercilessly beaten at a pet clinic in the city, an official said on Friday.

NIA arrests suspect in Maharashtra in connection with ISIS module case

The National Investigation Agency (NIA) conducted raids at multiple locations in Chhatrapati Sambhaji Nagar (formerly Aurangabad) in Maharashtra, resulting in the arrest of an individual linked to the ISIS Chhatrapati Sambhaji Nagar module case. The operation targeted a conspiracy to attack vital installations.

MUMBAI BUSINESSMAN FACES EXTORTION CHARGE FOR SCAMMING COX AND KINGS OWNER OF RS 9 CR

In a recent development, Hiren Bhagat, also known as Romi Bhagat (50), is facing a second extortion case filed by the Mumbai Police.

Delhi High Court: Period Spent In Disposal Of Appeal Before CESTAT Shall Not Be Counted Towards Period Stipulated Under Section 28 (9) Of Customs Act

The Delhi High Court in the case Anand International And Ors. Versus Commissioner of Customs observed and has held that the period spent in the disposal of the appeal before the CESTAT, i.e., which being between the filing and the final order being passed, shall not be counted towards the period stipulated as it is stated under Section 28 (9) of the Customs Act.

SUPREME COURT ISSUED NOTICE ON CBI'S PLEA TO TRANSFER TRAIL OF POST POLL VIOLENCE CASES OUT OF WEST BENGAL

The Supreme Court in the case Central Bureau of Investigation v. State of West Bengal And Ors. observed and has stayed the proceedings in various trial courts across the state related to incidents of alleged violence following the 2021 state assembly polls.

CALCUTTA HIGH COURT DISMISSED SECTION 8 APPLICATION DUE TO NON-RENEWAL OF ORIGINAL AGREEMENT; ARBITRATION CANNOT BE INFERRED FROM PARTIES' CONDUCT ALONE

The Calcutta High Court in the case Tarit Mitra and Anr. vs Sharad Goenka observed and has adjudicated on the matter which involves a civil suit for possession of premises from the tenants and an application made under Section 8 of the Arbitration and Conciliation Act, 1996 by the tenants seeking to refer the dispute to arbitration based on the tenancy agreement which had expired a few years ago and was not novated or renewed.

Solar & battery storage to spearhead U.S. power generation surge in 2024

Solar and battery storage are new electricity generation in the United States in 2024, according to recent data released by the US Energy Information Administration (EIA).

ADAFSA, WHO organise National Training Workshop to assess burden of foodborne diseases

The Abu Dhabi Agricul Authority (ADAFSA), in partnership with the World Health Organization (WHO), recently organized a national workshop focused on estimating the burden of foodborne diseases.

PAKISTAN CARETAKER GOVT HIKES PETROL PRICE BY PKR 2.73 PER LITRE

Although the notification did not address any alterations in the prices of light-diesel oil (LDO) and kerosene oil, the hike in petrol prices surpasses earlier expectations.

Sony eyes growth opportunities in India post Zee Merger collapse

With the proposed merger of its Indian arm with Zee terminated, Sony will seek various options, including finding another opportunity to replace the plan and organic growth opportunities in India, which has great potential in the long term, according to a top company official.

M&M to utilize Volkswagen electric components

Volkswagen and Mahindra & Mahindra Ltd have signed a supply agreement on the use of key electric components of the German carmaker's open platform for electric vehicles (EVS), Volkswagen said on Friday.

COGNIZANT'S WORKFORCE SHRINKS: 7,600 JOBS SLASHED, 4,500 IN INDIA

Cognizant also reported a decline in voluntary attrition to 13.8% in 2023 from 25.6% in the previous year.

Bagchi-Sri Shankara Center opens in Odisha

Chief Minister Naveen -Patnaik inaugurated the Bagchi-Sri Shankara Cancer Centre and Research Institute on Thursday, a 750-bed hospital spread across 22 acres at Info Valley-II on the outskirts of the city.

JSW pours Rs 65,000 crore into Odisha steel, cement plants

JSW Group has unveiled ambitious plans to invest Rs 65,000 crore in Odisha, encompassing the establishment of an integrated steel unit, a power plant, a cement factory, and a port facility, according to a statement released by the company on February 16.

PM MODI LAUNCHES NLC'S 300 MW SOLAR PROJECT

Costing Rs 1,756 crore, is set to complete by September and has secured a tariff agreement of Rs 2.52 per unit for 25 years with Rajasthan Urja Vikas Nigam Ltd for affordable power supply to government entities.

No more Paytm FASTags, Highway authority delists payment bank

Indian Highways Management Company Ltd (IHMCL), the toll-collecting arm of the state-owned National Highways Authority of India (NHAI), has advised highway users to purchase FASTags from 32 authorized banks, excluding Paytm Payments Bank, for seamless travel experiences.

Goldman Sachs predicts 6%+ growth for Indian economy

India's economic growth trajectory may surpass 6 percent for the remainder of the decade, potentially attracting increased investments from China, according to Santanu Sengupta, Goldman Sachs Group Inc.'s India economist.

INDIA'S TECH SECTOR SLOWS DOWN, REACHING $253.9 BILLION IN FY24

India's technology industry is anticipated to see a slower growth rate, with revenue expected to reach $253.9 billion by the end of the fiscal year 2024, according to the Annual Strategic Review report by the National Association of Software and Service Companies (NASSCOM), released on February 16.

India leads AI adoption, 59% of businesses using it

A recent study conducted by IBM has revealed that Indian companies are at the forefront of adopting Artificial Intelligence (AI) technology.

INDIA GREENLIGHTS €84,560 CRORE DEFENCE EQUIPMENT PURCHASE

DAC approved key proposals including new anti-tank mines, air defense radar, torpedoes, maritime reconnaissance aircraft, flight refuelers, and radios, bolstering Indian Navy and Coast Guard capabilities.

Ex-Navy officer scammed of Rs 68 L in fraud scheme

A Bhopal resident, and exNavy officer, fell victim to an elaborate scam orchestrated by fraudsters based in Mumbai, resulting in a loss of Rs 68 lakh.

Logicknots Unveils Landmark P'ship to Elevate Semiconductor Design for Education & Skill Development

In a significant step toward advancing semiconductor design education and skill development, Logicknots India Private Limited has entered into a strategic partnership with the National Skill Development Corporation and IIT Guwahat.

OVER 8 LAKH VEHICLES PLY ON ATAL SETU IN OVER ONE MONTH

The recently inaugurated Atal Bihari Vajpayee Mumbai Trans Harbour Link (MTHL) sea bridge has recorded traffic of over 8 lakh vehicles as of now, as per the Mumbai Metropolitan Region Development Authority.

BITS Pilani ventures into design education, unveils BITS Design School in Mumbai

BITS Pilani has announced the establishment of BITS Design School (BITSDES), a pioneering initiative aimed at creating a forward-looking design institution that integrates technology, business acumen, and entrepreneurial spirit into design education.

SUPREME COURT: ELECTORAL BONDS NOT THE ONLY WAY TO CURB BLACK MONEY, THERE ARE ALTERNATIVE MEANS WHICH ARE LESS RESTRICTIVE

The Supreme Court in the case observed that the purpose of curbing black money is not a sufficient justification to anonymise the identities of donors and the details of the contributions in the electoral bonds scheme.

Supreme Court Explains: Principles To Be Followed By Appellate Courts In Declining Appeals From Acquittal

The Supreme Court in the case Mallappa and Ors. Versus State of Karnataka observed that if the appreciation of evidence leads to two possible views, then the decision of the Trial Court wherein it acquitted the accused could not be reversed by the Appellate Court merely because there exists another view that led to the conviction of the accused.

INDIA KEY PARTNER WITH US IN SOUTH ASIA, SAYS AMERICAN OFFICIAL

The Biden administration has emphasized India's pivotal role in South Asia, highlighting collaborative efforts to implement a multi-billion-dollar climate infrastructure plan.