Russia has charged former Deputy Defence Minister Pavel Popov with fraud amid a broad arrest of military officials. Investigators allege Popov embezzled while supervising the construction of Patriot Park near Moscow. This case is part of what appears to be a purge of corrupt military figures. Popov is linked to properties worth 500 million rubles.
The government has received a dividend of around Rs 5,091 crore from Indian Oil Corporation, as per the Department of Investment and Public Asset Management. So far, Rs 10,604.74 crore in dividends have been collected from CPSEs for the 2024-25 fiscal year. LIC also contributed a dividend of Rs 3,662.17 crore for FY2023-24.
Central Secretariat Service officers demand the return of the Old Pension Scheme, labeling both the National Pension System and the new Unified Pension Scheme as inadequate for government employees. They argue that the OPS provides more secure benefits and pension guarantees, asserting it is their right and essential for optimal employee performance.
Andhra Pradesh Chief Minister N Chandrababu Naidu has directed officials to develop Amaravati into an Artificial Intelligence city. He emphasized the swift completion of government buildings and revival of the HappyNest project. Naidu also called for the speedy implementation of Metro rail projects in Vijayawada and Visakhapatnam.
Civil aviation regulator DGCA has placed SpiceJet under enhanced surveillance due to past safety record concerns. Increased spot checks and night surveillance will be enforced. SpiceJet is facing financial difficulties, with plans to raise Rs 3,000 crore.
The Supreme Court has ruled that criminal proceedings aim to bring justice, not revenge, as it dismissed a man's case against his daughter's former in-laws over 'streedhan'. The court emphasized that only the woman has rights to 'streedhan' and noted the lack of proof in the case brought 20 years after the marriage.
LIC also paid an interim dividend of Rs 2,441.45 crore on March 1, 2024, thus totaling Rs 6,103.62 crore dividend paid to the Centre for the year 2023-24. LIC, which completed 68 years since its incorporation, has an asset base of over Rs 52.85 lakh crore.
Banks' liquidity coverage ratio (LCR) is set to decrease due to a rise in wholesale deposits and a decline in retail deposits, necessitating investments in high quality liquid assets. This shift could slow credit growth and keep interest rates on retail deposits high, despite anticipated rate cuts.
Shell is planning to reduce its oil and gas exploration and development workforce by 20% as part of a cost-saving initiative led by CEO Wael Sawan. The move will result in hundreds of job cuts globally, particularly in the UK and the Netherlands. Shell aims to save $2-3 billion by the end of 2025 through increased performance, discipline, and simplification.
The Kremlin also weighed in on a case that has further strained Russia's relations with France, saying the prosecution of the Russian-born tech boss, who is accused of allowing illicit content to run on a platform used by close to 1 billion people, should not turn into "political persecution."
Gold prices gained on Thursday, fuelled by strong expectations of a Federal Reserve rate cut in September with investors focusing on U.S. inflation data for further insights on the potential size of the cut.
The Dharavi Redevelopment Project, covering nearly 600 acres in Mumbai, will start in 6-8 months. A survey for eligibility will end by March. Adani Group and the Government of Maharashtra lead the project. It's a joint venture poised to rehabilitate residents of Dharavi, aiming to reimagine one of the largest informal settlements.
The first-of-their-kind agreements come at a time when the companies are facing regulatory scrutiny over safe and ethical use of AI technologies.
India seeks unprecedented cooperation with the US due to Chinese aggression but fears entrapment and abandonment. H R McMaster recounts his tenure as National Security Adviser and his interactions with Indian officials including Ajit Doval and Prime Minister Narendra Modi about mutual concerns over China and regional stability.
Amazon India and the Indian Railways have signed an MoU to strengthen their parcel transportation partnership. The agreement focuses on creating a hub-and-spoke model, enhancing transit times, and expanding parcel volumes via railways. The collaboration aims to streamline logistics for the e-commerce sector, ensuring faster and more reliable deliveries across India.
Blue Origin conducted its eighth human spaceflight, taking six passengers, including a 21-year-old student, to the edge of space. The New Shepard rocket launched from Texas, offering participants a brief period of weightlessness before returning safely. Ticket costs vary, with prominent figures sometimes flying for free.
The DGCA has issued a show-cause notice to Akasa Airlines for violating several regulatory requirements during a recent audit. The airline must respond within seven days, addressing concerns about inadequate training and lack of approvals. The DGCA continues to stress the importance of adhering to aviation safety standards.
Markets regulator Sebi on Thursday proposed to make it mandatory for all entities regulated by it to maintain communication records, including acknowledgements, for at least eight years.
Three terrorists were killed in separate encounters in Jammu and Kashmir's Kupwara district. The operations were carried out by the Indian Army and J&K Police after receiving intelligence about infiltration bids. The incidents occurred on the night of August 28-29 in the Karnah and Kumkadi sectors. Further search operations are ongoing. This is the sixth such operation in Kupwara this year.
The mostly free-of-charge Llama models have been downloaded almost 350 million times since Meta began releasing them publicly last year, an increase from the 300 million downloads the company announced when it released the biggest version of its latest Llama 3 model in late July.
Jay Shah, the newly elected ICC Chairman, has drawn mixed reactions following his appointment. While West Bengal CM Mamata Banerjee praised his achievement, Shah's rise in cricket administration has sparked debates on nepotism and influence. At 35, Shah will lead the ICC from December, continuing his push for cricket's global expansion and Olympic inclusion. His tenure at BCCI has been marked by significant developments, including the success of the IPL and advancements in women's cricket.
Banijay Asia collaborates with SERA for a reality show to send an Indian to space via Blue Origin's New Shepard mission. The program will document the journey of shortlisted Indian participants through various challenges, culminating in one winner being selected for the space mission. This partnership aims to democratize space travel.
Donald Trump has very audaciously claimed that if Jesus Christ would have counted his votes, he could have easily won the Democratic stronghold of California, clearly depicting his distaste for the mail-in ballots. Here's why his latest statements are creating a major controversy on social media.
Capital markets regulator Sebi has proposed mandating Qualified Stock Brokers (QSBs) to offer the facility of trading in the secondary market using the UPI-based block mechanism to their clients, similar to the ASBA facility.
