Observing that app based taxi firms such as Ola and Uber operating in Maharashtra without valid licenses was an instance of "complete lawlessness," the Bombay high court on Monday directed all such aggregators to apply for valid licenses by March 16 if they wish to continue operations.
If records are anything to go by, this one is surely special as it culminates in setting up the first 4G network on the moon, and establishing the first extra-terrestrial cellular mobility that could one day be extended further to connect future robotic and human missions in space, and even to the Mars.
In a major development in the National Stock Exchange (NSE) fraud case, the Central Bureau of Investigation (CBI) on Sunday night arrested its ex MD and CEO Chitra Ramkrishna. Arrested from her Delhi residence, Ramkrishna will be produced before the Rouse Avenue Court on Monday, and the agency will seek her custody for questioning.
The Chinese government has proposed the defence budget for the fiscal year 2022 at 1.45 trillion yuan (USD 230 billion), a 7.1 per cent year on year increase, according to the draft budget proposals presented by Premier Li Keqiang to the National People's Congress (NPC), the country's parliament on Saturday.
The anticipatory bail plea of former CEO of National Stock Exchange Chitra Ramkrishna was rejected by a Delhi court, which stressed that the veracity of her claim of non-involvement in the “co-location” scam could not be established and expressed the suspicion that she may have concocted the story of a ‘Siddha Yogi’ guiding her to conceal her involvement.
The road transport ministry has proposed a lower rate of third party (TP) premium for electric and hybrid electric vehicles for the next financial year while proposing a marginal increase in the premium for all other categories of vehicles. The only exception is for the multi-axle trailers where the premium may increase by nearly 6%.
The finance ministry has asked departments and ministries to surrender savings, if any, for the current financial year 2021-22 by March 21.An office memorandum issued by the budget division of the ministry of finance informed all departments and ministries that the last date for accepting the surrender of savings anticipated in the Grants for 2021-22 has been fixed as March 21, 2022.
The Russian-Ukraine war can hit the global supply chains that are already constrained due to the pandemic and the worst impact will be on ongoing chip shortage because the warring nations brutally control supplies of key raw materials that go into making semiconductors, warns a report.
In a surprise development, Amazon, Biyani Group and Reliance Retail, engaged in a multi-forum litigation for control of Future’s retail empire, agreed to attempt a settlement after the Supreme Court on Thursday warned that a judicial verdict could hurt one of the parties.
Commerce and industry minister Piyush Goyal on Thursday said several countries have evinced interest in India's 'Aatmanirbhar Bharat' initiative and want to emulate its growth story.
Several Indian companies, including tech firms, steel and tyre makers and pharma players, have responded to the government’s call for aiding in the evacuation of Indian students and workers from Ukraine and have deployed personnel to help arrange food, shelter, transport and provide other assistance.
Amazon plans to initiate criminal court proceedings this week against its partner Future Retail for allowing the transfer of assets to a major rival despite a legal prohibition, three sources with direct knowledge of the matter told Reuters.
Member countries of the International Energy Agency (IEA), including India, late on Tuesday agreed to release 60 million barrels of oil from their emergency stockpiles as a message to the global oil markets that there will be no shortfall in supplies as a result of the conflict between Ukraine and Russia.
India's top refiner Indian Oil Corp (IOC) will no longer accept cargoes of Russian crude oil and Kazakh CPC Blend cargoes on a free-on-board (FOB) basis due to insurance risk, according to a tender notice and a source familiar with the matter.
India is worried about the impact caused by the standoff between Ukraine and Russia, particularly on its exports, finance minister Nirmala Sitharaman said on Monday. Interacting with industry captains at an event here, Sitharaman said the Centre was seized of the matter and discussions were on between ministries for a "complete assessment" on the issue.
India is trying to get more of Ukraine’s east European neighbours on board for allowing access to Indians from the war-torn country so that they could be flown home from there. Polish ambassador to India Adam Burakowski on Sunday Tweeted that the country “is allowing all Indian students who escape from Russian aggression in Ukraine to enter without any visa.”
The Union Cabinet is likely to consider on Saturday a proposal seeking changes in the foreign direct investment (FDI) policy to facilitate disinvestment of the country's largest insurer LIC, sources said.
India and Russia bilateral payments are made in Indian rupee. For both imports and exports, payments are made or received in rupee for shipments. So, sanctions by the West may not have an impact on the payments, barring exchange rate fluctuation, sources said on Friday.
A few international flights to and from India also could get marginally longer with some countries barring Russian planes from their airspace and then asking their airlines to avoid parts of Russian airspace.
The surge in oil prices in the wake of Russia-Ukraine conflict has the potential to upset the government math, which will inhibit its ability to pump-prime economic recovery, and raise the cost of living for people.
Amid prolonged uncertainty, continued policy support will be crucial for sustained economic recovery from the coronavirus pandemic, Reserve Bank governor Shaktikanta Das said at the recent meeting of the Monetary Policy Committee.
Government officials on Thursday went into a huddle to access the impact of Russian aggression in Ukraine on the Indian economy and began preparing contingency plans to combat a possible spike in inflation due to a rise in oil prices and the country's external trade being impacted.
The escalation in the fight between BharatPe co-founder Ashneer Grover and the investors in the fintech startup took an ugly turn on Wednesday with the sacking of Madhuri Jain Grover, Ashneer’s wife and head of controls at the company, over allegations of misappropriation of funds.
Regular international flights which were suspended in March 2020 are likely to resume in a month. It is learnt that the aviation ministry has taken this up with health ministry and is tentatively looking at March 15 or next month-end when the summer schedule kicks in. This will be a big relief for travellers as relaxed quarantine and testing norms globally post easing of Omicron has pushed the demand for travel. However, due to limited air bubble flights, fares have skyrocketed for this summer.
The government expects the CEPA to push bilateral trade from $60 billion to $100 billion in five years apart from expediting work on a dedicated investment zone for UAE companies and joint ventures with a focus on setting up a food corridor and establishment of a dedicated India Mart in Jebel Ali Free Zone.