In recent developments in Indian politics, Shiv Sena MP Sanjay Raut was granted bail by a Mumbai court after serving a 15-day sentence in a defamation case linked to BJP leader Kirit Somaiya’s wife. Raut was fined INR 25,000 for his actions but will be able to appeal the conviction. Meanwhile, Congress leader Rahul Gandhi ...
According to a recent report from the Reserve Bank of India’s September bulletin, non-banking financial companies (NBFCs) in the middle layer have the highest percentage of unsecured loans, holding 27.3% as of December 2023. This is closely followed by upper-layer NBFCs at 24.3%. Both categories saw a decrease in their respective shares from December 2022, ...
West Bengal Chief Minister Mamata Banerjee criticized the central government for not releasing flood relief funds while the state struggles with severe flooding affecting 11 districts. During a press conference, she expressed concern about the state’s situation after the Damodar Valley Corporation discharged large amounts of water without prior notice. Banerjee warned of potential worsening ...
 "Manufacturers challenge new e-waste recycling guidelines, claiming they raise costs and stifle the urgent transition to formal regulation.")
Manufacturers of consumer electronics are expressing concerns about the Indian government’s new draft guidelines for recycling e-waste. They argue that the proposed rules set unrealistic minimum prices, making it more expensive to recycle electronic products. For example, the cost for recycling metals has jumped to Rs 80 per kilogram, which is a significant increase. This ...
On September 26, 2024, former Delhi Chief Minister Arvind Kejriwal led a strong attack against the BJP during a special session of the Delhi Assembly. He accused the party of hindering key government projects while he was incarcerated, including road repairs and senior citizen benefits. With a recent Supreme Court bail in a corruption case, ...
 "India ascends to 39th in the Global Innovation Index 2024, showcasing its vibrant entrepreneurial spirit and commitment to innovation.")
India has made significant strides in the Global Innovation Index (GII), climbing to 39th place among 133 economies in the 2024 rankings, up from 40th last year. Union Minister Piyush Goyal announced this achievement, highlighting the role of India’s innovators and entrepreneurs in driving this progress. The rise is attributed to the country’s strong knowledge ...
Union Home Minister Amit Shah and Uttar Pradesh Chief Minister Yogi Adityanath held election rallies in Jammu on September 26, 2024, where they emphasized a tough stance against separatists and terrorism in the region. Shah stated that those promoting terrorism would face severe consequences, comparing them to convicted criminals. He vowed that the changes made ...
 "Amidst shifting alliances, India’s Jaishankar and Russia’s Lavrov strategize on regional stability and the complex Ukraine conflict at UNGA79.")
External Affairs Minister S Jaishankar met with his Russian counterpart Sergey Lavrov to discuss bilateral cooperation and pressing regional issues. This meeting took place during the 79th UN General Assembly and followed Prime Minister Narendra Modi’s recent discussions with Ukrainian President Volodyr Zelenskyy. The dialogue focused on key topics such as preparations for the upcoming ...
Amit Shah, India’s Union Home Minister, is gearing up to boost the BJP campaign in South Haryana with two major rallies this week. The first rally is scheduled in Rewari on Friday, followed by another in Badshahpur on Sunday, aimed at supporting BJP candidate Rao Narbir Singh. Singh faces competition from Independent candidate Kumudni Rakesh ...
 "Gulf Oil International divests 4% stake in Gulf Oil Lubricants India for over Rs 263 crore, impacting share prices dramatically.")
Gulf Oil International Mauritius Inc. has successfully sold a 4 percent stake in Gulf Oil Lubricants India for over Rs 263 crore through open Market transactions. The sale involved approximately 1.95 million shares at an average price of Rs 1,351 each, lowering Gulf Oil International’s ownership from 71.76 percent to 67.8 percent. Notable buyers included ...
