Sansera Engineering Limited signed an MoU with the Karnataka government to invest Rs 2,100 crore in expanding its manufacturing capacity in Ramanagara, aiming to boost growth in automotive and non-automotive sectors. The investment will span three to five years, creating around 3,500 jobs. The new facility, expected to increase manufacturing capacity by Rs 3,000 crore, will introduce advanced technologies and training programs to enhance local workforce skills and promote innovation.
A millionaire Russian technology billionaire said that he has contributed to over 100 couples globally with sperm donations. Comparable to another Internet tycoon, his journey includes building significant social media platforms, overcoming obstacles in politics, and pushing for the de-stigmatization of sperm donation.
On Wednesday, the Bombay High Court extended the interim bail of Naresh Goyal, founder of Jet Airways, by two months on medical grounds. Goyal, who is facing a money laundering case, is undergoing treatment for cancer and depression. This extension marks the second time Goyal's bail has been renewed since it was first granted on May 6. The Enforcement Directorate had arrested him in September 2023 for allegedly laundering Rs 538.62 crore. Goyal's wife, Anita Goyal, was arrested in November 2023 and granted bail but passed away on May 16.
The high returns from Initial Public Offerings (IPOs) of Small and Medium Enterprises (SMEs) in recent years, coupled with government support for the sector, have encouraged Alternative Investment Funds (AIFs) to explore this growth potential. AIF is a fund established or incorporated in India which is a privately pooled investment vehicle.
Huw Edwards, former lead news presenter for the BBC, pleaded guilty on Wednesday to three counts of making indecent images of children. At a hearing in Westminster Magistrates' Court, Edwards admitted to accessing 41 indecent images of children, including seven classified as the most serious "category A" images. Edwards received these images via WhatsApp from an unnamed man between December 2020 and April 2022. Remanded on bail until his pre-sentencing hearing on September 16, Edwards faces up to 10 years in prison... Читать дальше...
Two additional columns of army from Thiruvananthapuram reached Meppadi, the site of the landslide, amplifying the rescue efforts.
The Reserve Bank of India announced new alternative methods for additional factor authentication (AFA) in digital payments, including options such as passwords, PINs, software tokens, and biometrics. These methods are categorized based on something the user knows, has, or is. Most digital transactions will need a dynamically created authentication factor unique to each transaction. Small-value, card-present transactions and certain recurring transactions are exempt from mandatory AFA. In February 2024... Читать дальше...
India's longest Greenfield Expressway, the Delhi-Mumbai Expressway, is slated for completion by October 2025. With 82 percent of the work completed as of June 2024, the project spans 1,386 km, connecting major economic centers. It is anticipated to reduce both the distance and travel time between Delhi and Mumbai.
Real Madrid will play AC Milan in the US and the soccer game will be live streamed at ESPN+.
However, the broadcaster has decided to seek damages during the arbitration proceedings, which have not yet been quantified. Star had initiated arbitration proceedings against Zee before the London Court of International Arbitration (LCIA) on 14 March.
The Congress party has filed a privilege motion against Prime Minister Narendra Modi for sharing BJP MP Anurag Thakur’s expunged remarks on social media. The remarks, which included a reference to Congress leader Rahul Gandhi’s caste, led to significant controversy. The Congress argues that Modi's action undermines parliamentary rules and demands a review of the breach of privilege.
Liverpool versus Arsenal soccer match will be played on Wednesday. The match will be live streamed in the US.
The Nasdaq and S&P 500 opened significantly higher following a positive forecast from AMD that boosted struggling chip stocks. However, Microsoft lagged among the major tech giants as investors awaited the Federal Reserve's interest rate decision.
Embattled edtech startup Byju's has arrived at a settlement with the Board of Control for Cricket in India. Details on this and more in today’s ETtech Top 5.
In July, hiring in the US private sector unexpectedly slowed . About 122,000 jobs added, down from June. This lead to weaker pay gains as reported by ADP. This news precedes a Federal Reserve decision on interest rates, with expectations of imminent cuts to combat inflation. Pay increases slowed to 4.8 per cent year-on-year, the slowest in three years, supporting the case for rate cuts. Service industries saw the most gains, while manufacturing and information sectors lagged.
The Supreme Court reserved its decision on whether a recent judgment upholding state powers to tax mines and minerals should be applied retrospectively. Solicitor General Tushar Mehta warned that such a move could burden public sector undertakings with Rs 70,000 to Rs 80,000 crore and negatively impact key economic sectors. While some senior counsels feared bankruptcy, representatives from mineral-rich states like Jharkhand and Odisha supported retrospective application, suggesting staggered payments to ease the financial impact. Читать дальше...
IT services major Infosys is under the GST authorities' scanner for an alleged evasion of taxes worth Rs 32,000 crore, as per internal documents. The Directorate General of GST Intelligence states that as the company creates overseas branches to service clients as part of its agreement with the clients, those branches and the company are each treated as ‘distinct persons’ under the IGST Act.
The judicial custody of Delhi Chief Minister Arvind Kejriwal and former deputy Manish Sisodia was extended until August 13 by a Delhi court in a money laundering case. Special Judge Kaveri Baweja also extended the custody of BRS leader K Kavitha in a related corruption case until August 9, being investigated by the CBI.
Samajwadi Party leader Azam Khan was acquitted by a Rampur court in a case from 2016 involving forcible eviction and house demolition. The case was registered in 2019 under BJP rule. Khan remains in Sitapur prison due to other cases. Proceedings were held via video-conference because of his health issues. Five others were also acquitted.
The National Investigation Agency (NIA) has charge-sheeted Lalngaihawma in a significant illegal arms and ammunition trafficking case. Filed in the NIA Special Court, New Delhi, the charges include violations of IPC, Arms Act, Explosive Substance Act, and UA(P) Act. Lalngaihawma is accused of operating a network linked with Myanmar insurgents, trafficking arms and explosives, and engaging in financial transactions with international associates. Investigations are ongoing.
Signs of discord between the NDA partners emerged as JDS leader HD Kumaraswamy withdrew from a planned padayatra with the BJP. Kumaraswamy cited disapproval of Preetham Gowda's involvement and challenges due to heavy rains. The BJP is demanding a CBI probe into a site allotment scam involving the Siddaramaiah family. The JDS feels sidelined in planning.
