The Enforcement Directorate (ED) has taken former Karnataka Tribal Affairs & Sports Minister B Nagendra into custody over illegal fund transfers from the Maharshi Valmiki ST Corporation, meant for tribal welfare. Nagendra, a Congress MLA, and Corporation MD Basanagouda Daddal had been under house arrest following ED raids.
IBBI Chief Ravi Mital urged insolvency professionals to prioritise transparency, provide comprehensive information to stakeholders, and expedite the resolution of stressed assets for better recovery. He assured that genuine innovations in the resolution process will not face consequences. The Insolvency and Bankruptcy Code has facilitated the return of over Rs 3.4 lakh crore to creditors since its implementation in 2016. Mital emphasised the importance of selling assets as going concerns to benefit all parties involved.
Celebrate World Kebab Day on July 12, 2024, by savoring a delectable array of kebab varieties from across the globe.
Prime Minister Modi reiterates India's commitment to BIMSTEC during a meeting with foreign ministers of member states. Discussions revolved around strengthening cooperation in connectivity, energy, trade, health, and security. The focus remains on utilizing BIMSTEC as a catalyst for economic and social development in the region.
The ruling NDA and opposition Mahagathbandhan in Bihar clashed over the demand for special status ahead of the Parliament's budget session. The Centre cited the 14th Finance Commission for not granting special status, sparking criticism from the opposition. The BJP and JD(U) alliance faced backlash from the Congress and RJD for allegedly neglecting Bihar's development needs.
Nail art, acrylic nails and gel manicures are becoming increasingly popular, with celebrities including Kylie Jenner, Ariana Grande and Rihanna often donning them.
Unilever plans to cut a third of all office roles in Europe by the end of 2025 under CEO's strategy to boost growth, with as many as 3,200 positions to be eliminated. The company is initiating consultations with affected employees, part of a broader productivity program announced in March aiming at up to 7,500 job cuts. CEO Hein Schumacher aims to simplify the business to regain investor confidence.
Adani Ports and SEZ CEO Karan Adani announced that the Vizinjham port will significantly cut down logistics costs and time for Indian manufacturers by up to 40%. This milestone follows the arrival of the first mother ship at the port, marking India's entry into global transshipment. The port's advanced facilities, including automated operations and modern infrastructure, aim to handle large ships efficiently. Supported by a public-private partnership, the port is expected to boost trade connectivity... Читать дальше...
India's Index of Industrial Production (IIP) increased by 5.9% in May, up from 5% in April, according to data from the Ministry of Statistics and Programme Implementation. The government reported factory output growth of 5.7% in May 2023, a slight increase from the previous high of 11.9% in October 2023.
Union Home Minister Amit Shah said that the day would serve as a reminder of the significant sacrifices endured by those who faced the severe hardships of the 1975 Emergency, highlighting their immense contributions.
In June, India's retail inflation rose to 5.08% annually from a 12-month low of 4.75% in the previous month, according to government data. Factors contributing to the increase include heatwaves, below-normal monsoon rains, and higher prices for fruits and vegetables. Food inflation specifically rose to 9.55% in June, with items like tomatoes, onions, and potatoes experiencing significant price hikes due to weather-related disruptions in agricultural production.
Self-healing AI technology is revolutionizing artificial intelligence by enabling systems to independently detect, diagnose, and repair issues. This innovation, especially transformative in the Banking, Financial Services, and Insurance (BFSI) sector, enhances reliability, security, and efficiency. By automating problem resolution, it reduces manual intervention, minimizes downtime, and cuts costs, significantly improving operational efficiency and customer experience.
A security breach in 2022 compromised AT&T's data, affecting almost all cellular customers, mobile virtual network operators using AT&T's network, and landline customers linked to cellular numbers. The breach exposed AT&T records of calls and texts from May 1 to Oct. 31, 2022, totaling over 100 million U.S. customers and 2.5 million business accounts. AT&T is investigating with cybersecurity experts, stating no personal information was leaked.
Security measures have been escalated on the Jammu-Akhnoor highway following a search operation in Akhnoor prompted by reports of an unidentified individual sighted by locals. The area is on high alert with stringent vehicle inspections at Nakas. This response comes after a tragic ambush on July 8 in Kathua's Badnota area, where terrorists attacked an Army patrol, resulting in five soldiers killed and eight injured. The incident is part of ongoing attempts attributed to Pakistan to disrupt peace in Jammu and Kashmir... Читать дальше...
The Supreme Court stays Karnataka High Court order restricting Power TV broadcast due to alleged political vendetta. The case involves allegations of sex scandals against state political figures. Legal battle continues as the court upholds freedom of speech and expression.
Anant Ambani and Radhika Merchant are getting married on June 12, but the celebrations started as early as March.
England legend James Anderson has ended his 22-year career with 704 wickets from 188 Tests, including 32 five-wicket hauls. Tendulkar, who retired in 2013, wished Anderson a wonderful life with good health and happiness. Anderson referred to Tendulkar as the "best bowler" he bowled against in his career, stating that he was a key player for India.
Delhi University's Vice-Chancellor Yogesh Singh rejected the proposal to introduce Manusmriti for LLB students, citing it as inappropriate. Singh exercised emergency powers to scrap the proposal during a pre-screening for the Academic Council meeting. The decision came after objections from teachers who deemed Manusmriti regressive. Students protested, calling it a move towards "saffronisation."
Nepal Prime Minister Pushpa Kamal Dahal 'Prachanda' lost a vote of confidence in Parliament after the Communist Party of Nepal-Unified Marxist Leninist (CPN-UML) withdrew support for his government. The CPN-UML withdrew support after inking a power-sharing deal with the Nepali Congress, with a combined strength of 167, exceeding the 138 required for a majority in the lower house.
Budget 2024: Nirmala Sitharaman is known to don beautiful traditional sarees that highlight India's diverse culture and heritage, especially during Budget presentation.
India's antitrust body finds Apple engaged in abusive conduct in app store market, forcing developers to use its payment system. Apple denies wrongdoing, citing small market share in India. Investigation ongoing with potential fines and business practice changes. Google also faced similar scrutiny in India for in-app payments.
