Commerce and industry minister Piyush Goyal says FDI is allowed in B2B but online players such as Amazon are selling to consumers, which raises questions about the legality of their functioning; also calls for involvement of kiranas in quick commerce supply chain.
Experts pointed to Article 6 of the India-Bangladesh extradition treaty, signed in 2013, which says, "Extradition may be refused if the offence of which it is requested is an offence of a political character." Similarly, Article 7 of the treaty says, "The request for extradition may be refused by the requested state if the person whose extradition is sought may be tried for the extradition offence in the courts of that state."
Nestle has announced the replacement of its CEO Mark Schneider with Laurent Freixe, a company veteran, effective from Sept. 1. Schneider, who led the company for eight years, decided to step down amid recent sales challenges. Freixe plans to focus on core brands to drive growth, marking a shift in strategy.
Alkem Laboratories has become the first Indian drugmaker to diversify into medical devices after partnering with US-based Exactech to manufacture and market Exactech's joint replacement implants in India. Exactech will provide Alkem MedTech access to its designs, technology, and marketing rights. The endeavor is expected to commercialize in 1-2 years, targeting India's growing orthopaedic market.
Telecom operators are set to discuss revenue sharing from large traffic generators with Telecom Minister Jyotiraditya Scindia. They also plan to highlight issues with quality of service norms and seek reductions in regulatory levies. The second stakeholder advisory committee meeting will address these concerns.
The number of Bangladeshi patients visiting India for medical treatment has plummeted by up to 50% due to political unrest in Bangladesh. This downturn has impacted revenues for Indian hospitals. Pharma exports to Bangladesh are also at risk, as the country sources 30% of its pharmaceutical ingredients and raw materials from India, potentially affecting medication availability.
The statement of objectives of the repealing bill states, "There remains a scope of registering marriages of persons below 21 years (in case of males) and 18 years (for females). It hardly had any provisions for monitoring the implementation of the Act throughout the state and it attracted huge amounts of litigation in court".
The Enforcement Directorate conducted searches at multiple premises linked to senior officials of Religare Enterprises, seizing documents related to allegations of fund siphoning from Religare Finvest. The investigation stems from a complaint alleging financial misconduct by former promoters and current officials. This has led to further scrutiny, including summoning Dabur India chairman.
Ciena, a US-based networking company, has leased 135,000 square feet of office space in Gurugram's TRIL Tower by Tata Realty. The space, which was part of the SEZ, is now getting denotified, allowing more corporations to utilize it. The details of the lease were not disclosed. The NCR saw a leasing volume of 3.
Sony Pictures Networks India's channels have returned to Tata Play's packages after resolving their differences. Tata Play had recently removed SPNI channels due to declining market share. The channels are now reinstated. SPNI had earlier sought an audit of Tata Play's subscriber management system, citing discrepancies.
CoD Next 2024 will begin on August 28 at 9 AM PT. The event will feature the full reveal of Black Ops 6 multiplayer and a first look at the new Zombies map, Liberty Falls. The event will be streamed on official Call of Duty channels and through various CoD streamers.
The reading on the index remained above the 50-mark, which separates expansion from contraction for the 37th consecutive month. Flash PMI records 75-85% of the total 800 Purchasing Managers Index (PMI) survey responses by services and manufacturing firms received every month.
This decision follows a recommendation from the director of Medical Education and Training, Santosh Kumar Mishra, who led an inquiry into the allegations.
Modi made the remarks after holding wide-ranging talks with Polish Prime Minister Donald Tusk that saw the elevation of India-Poland ties to the level of strategic partnership and firming up of a social security pact to promote the mobility of skilled workers.
India's banking sector is experiencing strong profitability and improved asset quality, but lagging deposit growth compared to credit growth presents challenges. Financial shifts, tax issues, and competitive investments are factors. Banks are exploring methods like better rates and special services to attract deposits. The divergence may end by June-October 2025.
Union minister G Kishan Reddy has asked Congress to clarify its position on Article 370. Reddy, who chaired an organisational meeting to review BJP's preparations for J&K polls, also questioned Congress on National Conference's manifesto and said Abdullah-led party sought to reverse the rights granted to various sections of people in the Union Territory.
Hindalco Industries plans to invest $10 billion in expanding its capacities across India and its US subsidiary Novelis Inc, as announced by chairman Kumar Mangalam Birla. The projects include expansions in aluminium and copper smelters, a new alumina refinery, and the Bay Minette plant. These efforts align with India's development goals, focusing on urbanization, digital life, clean energy, and e-mobility. Hindalco aims to cater to the nation's growing infrastructure needs, including electric vehicles and solar energy... Читать дальше...
The Bombay High Court criticized Maharashtra Police's delayed action in the sexual assault case of two 4-year-old girls in Badlapur. The court noted the police acted only after public outrage and highlighted the need for timely investigations. The case was taken up suo motu by the court, emphasizing the lack of initial response from authorities.
The report said the FY25 budget has laid out a glide path of fiscal consolidation. Supported by strong revenue collection, discipline in revenue expenditure and robust economic performance, the fiscal deficit is projected to decline. At the same time, it said, capital expenditure is maintained at high levels, supporting the fledgling private investment cycle.
A special court has granted the CBI permission to conduct polygraph tests on former RG Kar Medical College principal Sandip Ghosh and four other doctors in a case involving the alleged rape and murder of a postgraduate trainee. Chief Minister Mamata Banerjee has urged Prime Minister Narendra Modi for stricter laws to address such crimes.
The first meeting of the joint parliamentary committee on the Waqf (amendment) bill featured heated discussions over provisions allowing non-Muslims on Waqf boards and giving district collectors more power. Chaired by Jagdambika Pal, the committee plans to engage all stakeholders, aiming to introduce a comprehensive bill in the next session.
Congress and National Conference have formed a pre-poll alliance for the J&K assembly elections, aiming to combat divisive forces. The leaders met to discuss seat-sharing for 90 seats and emphasized restoring statehood to J&K. The alliance is open to post-poll collaborations with other parties.
The Supreme Court is scrutinizing Kolkata Police's handling of a rape and murder case involving a medic at RG Kar Hospital. Questions surround the delay in FIR registration and crime scene preservation. The court emphasized ensuring doctors' safety and welfare and instructed the CBI and Kolkata Police to submit status reports by September 5.
Ramanjit Singh alias Romi, the mastermind behind the 2016 Nabha jailbreak in Patiala, has been extradited from Hong Kong following six years of legal proceedings. The extradition was secured through the Mutual Legal Assistance Treaty between India and Hong Kong. Known gangsters were freed during the escape, and Romi provided logistics support.
"Spider-Man", "The Amazing Spider-Man", 'Dune', and "Fifty Shades of Grey" are leaving from Netflix in September.