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CHHINDWARA/NEW DELHI - India has refused drugmakers' requests to extend a year-end deadline for them to upgrade their manufacturing facilities to international standards, four sources said, amid public anger over the recent deaths of at least 24 children who consumed locally-produced cough syrup . New Delhi had in late 2023 ordered pharmaceutical companies to ensure their plants meet World Health Organisation-recommended standards, which would require them to invest in protocols to prevent cr ...Read More >
NEW DELHI: India has refused drugmakers' requests to extend a year-end deadline for them to upgrade their manufacturing facilities to international standards, four sources said, amid public anger over the recent deaths of at least 24 children who consumed locally-produced cough syrup. New Delhi had in late 2023 ordered pharmaceutical companies to ensure their plants meet World Health Organization-recommended standards, which would require them to invest in protocols to prevent cross-contaminati ...Read More >
Hyderabad, Sept 28 (Maxim News): Courting controversy, Chief Minister A Revanth Reddy on Sunday asked farmers opposing land acquisition for Bharat Future City and road infrastructure to resolve disputes amicably out of court, instead of paying hefty fees to advocates. Here To Join Us On WhatsApp He said plans were being drawn up to develop Bharat Future City on par with global cities. While such large-scale projects could cause inconvenience or loss to a few, the government would address their ...Read More >
New Delhi [India], September 28 (ANI): The Department of Financial Services, Ministry of Finance, in collaboration with the Mediation and Conciliation Project Committee (MCMP), Supreme Court of India had organized a 40 hours mediation training programme for the presiding officers of Debts Recovery Tribunals and senior executives of Public Sector Banks, said an official release from the Ministry of Finance. The training was scheduled from September 24 to 28 at the Additional Building Complex of ...Read More >
New Delhi, Sep 12 (SocialNews.XYZ) The Bharatiya Janata Party (BJP) has filed a formal police complaint against the Congress, accusing it of circulating an AI-generated deepfake video that allegedly maligns Prime Minister Narendra Modi and his late mother, Heeraben Modi. In a complaint addressed to the Deputy Commissioner of Police, Parliamentary Street, Delhi BJP Election Cell Convenor Sanket Gupta sought immediate registration of an FIR, citing "gross violation of law, morality, and women's d ...Read More >
Surat (Gujarat) [India], August 21: KP Group, a leading name in India's renewable energy sector, is stepping up its expansion with a clear goal of reaching 10 GW capacity by 2030. With projects already underway in Gujarat, the Group is working on projects in Rajasthan, Madhya Pradesh, Odisha, Andhra Pradesh and Maharashtra, supported by a strong order book and government partnerships. KP Group has signed memoranda of understanding with Gujarat, Odisha, Rajasthan and Madhya Pradesh for over 2.6 ...Read More >
Mumbai: Revenue growth of the domestic readymade garment (RMG) industry is projected to slow to 3-5% this fiscal year, after the US imposed a steep 50% duty on India's imports to the world's largest economy. The tariffs, which take effect from Wednesday, could crimp profitability of garment makers, likely straining their financial health, according to a note from ratings agency Crisil released on Tuesday. The impact will vary, hitting some firms harder than the others, especially those that ge ...Read More >
Shilpa Shetty Kundra, Raj Kundra, and an unnamed person are facing legal trouble as the Economic Offences Wing (EOW) has booked them in connection with an alleged Rs 60.48 crore fraud. The case involves their defunct company, Best Deal TV Pvt Ltd. This action follows a complaint filed by businessman Deepak Kothari regarding a loan-cum-investment deal that reportedly turned sour. Actor Shilpa Shetty Kundra, her husband and businessman Raj Kundra, along with an unidentified individual, have been ...Read More >
Nirmala Sitharaman presented a bill in Lok Sabha to amend the Insolvency and Bankruptcy Code. The bill is now with a parliamentary committee for review. The changes aim to speed up bankruptcy resolutions and improve creditor recoveries. The creditor-led resolution framework will reduce the workload of the National Company Law Tribunal. Finance and corporate affairs minister Nirmala Sitharaman on Tuesday introduced a bill in the Lok Sabha for amendments to the Insolvency and Bankruptcy Code (IBC ...Read More >
Mumbai, Aug 14 (SocialNews.XYZ) Bollywood actor Shilpa Shetty Kundra, her businessman husband Raj Kundra, and an unidentified individual have been booked by the Economic Offences Wing (EOW) for allegedly defrauding a Mumbai-based businessman of Rs 60.4 crore in a loan-cum-investment deal linked to their now-defunct company, Best Deal TV Pvt Ltd, police said on Thursday. According to Mumbai Police, businessman Deepak Kothari has accused the couple of jointly cheating him of more than Rs 60 crore ...Read More >
NEW DELHI - Dozens of Indian opposition leaders were detained in New Delhi on Aug 11 as they shouted slogans, jumped barricades and marched to the Election Commission in a rare public protest against what they say are electoral malpractices. The credibility of elections has rarely been questioned in recent decades in the world's most populous democracy. Some analysts say the opposition accusations could damage Prime Minister Narendra Modi as he navigates one of the toughest periods of his 11 ye ...Read More >
New Delhi, Aug 12 (SocialNews.XYZ) As the Opposition parties under the INDIA bloc continued their protest against the Special Intensive Revision (SIR) of electoral rolls in Bihar, BJP MP Jagdambika Pal launched a sharp attack, accusing them of "lying, running from accountability, and engaging in hit-and-run politics". Responding to the INDIA bloc MPs protesting at Makar Dwar in Parliament on Tuesday over alleged voter exclusion and vote theft, Pal questioned the opposition's refusal to attend a ...Read More >
'Byju's founders reserve all rights to bring actions against those parties that have caused damage to them personally and to their businesses.' IMAGE: Byju's CEO Byju Raveendran's photograph on his company website, July 17, 2024. Photograph: Dado Ruvic/Illustration/Reuters The founders of embattled education technology (edtech) company Byju's are preparing legal action to seek at least $2.5 billion in damages from investors and lenders, whom they blame for harming their business and personal s ...Read More >
Amritsar, July 18 (SocialNews.XYZ) Leader of Opposition in Punjab and Congress lawmaker Partap Singh Bajwa, on Friday demanded that Chief Minister Bhagwant Mann immediately convene an all-party meeting in Amritsar to discuss continuing threats to the Golden Temple through threatening emails. Speaking after paying obeisance at Sri Harmandir Sahib, where he was accompanied by Congress MP Gurjeet Singh Aujla, Sukhwinder Singh Danny Bandala and other Congress leaders, Bajwa said that he met with of ...Read More >
Mumbai: JSW Steel Ltd reported better-than-expected profit for the June quarter, driven by higher production and sales volume as well as lower cost of coking coal, a key ingredient. The steelmaker's first-quarter profit jumped to ₹2,209 crore from Rs.867 in the same quarter a year ago, according to the company's exchange filings. A key reason for this was improved steel prices, primarily due to the government's 12% safeguard duty to protect the industry from cheap steel imports from China. "St ...Read More >
Bengaluru (Karnataka) [India], July 18 (ANI): Reacting to Bihar Chief Minister Nitish Kumar announcement of free electricity up to 125 units, Karnataka Deputy Chief Minister DK Shivakumar said that whatever schemes the Congress party is giving in Karnataka, the entire country is following it. Speaking to the media, Shivakumar emphasised that in the entire country, Congress Party has stood for the welfare of the people. After independence, till today, whenever the Congress Party is in power, ei ...Read More >
Bengaluru: Cadres of both governing Congress and opposition BJP in Karnataka are in a quandary as their parties are increasingly mirroring each other in political messaging. From OBC welfare to farmers' rights, both parties are deploying similar strategies in what is now being seen as a 'battle of borrowed themes'.On Wednesday, Congress organised a national OBC convention in Bengaluru, pushing for inclusion of data on social and educational backwardness in the upcoming nationwide caste census. T ...Read More >
New Delhi, Jul 15 (PTI) The Indian economy is expected to grow at 6.5 per cent in the current financial year, despite geo-political tensions and trade policy uncertainties, Economic Advisory Council to the Prime Minister (EAC-PM) Chairman S Mahendra Dev said on Tuesday. In an interview with PTI, Dev further said that domestic growth will be driven by low inflation, resulting from good monsoon and benign interest rate regime, triggered by three back-to-back rate cuts by the Reserve Bank of India ...Read More >
Mumbai, Jul 15 (PTI) Stock markets snapped the four-day falling streak on Tuesday with the benchmark Sensex rebounding by 317 points on buying in auto and pharma shares amid a decline in retail inflation to a more than six-year low, nearing the RBI's comfort zone. The 30-share BSE Sensex climbed 317.45 points or 0.39 per cent to settle at 82,570.91. During the day, it jumped 490.16 points or 0.59 per cent to 82,743.62. The 50-share NSE Nifty edged higher by 113.50 points or 0.45 per cent to 25 ...Read More >
New Delhi, Jul 14 (PTI) IT services firm HCL Technologies on Monday posted a 9.7 per cent drop in consolidated net profit for the June quarter, hurt by higher expenses and one-time impact of a client bankruptcy, but raised the lower end of revenue growth outlook for the full fiscal on booking expectations in coming quarters. The firm had logged a net profit (attributable to owners of the company) of Rs 4,257 crore in the year-ago period, according to a regulatory filing. HCLTech CEO and MD C V ...Read More >
Hyderabad: The legacy of Sardar Hari Singh Nalwa, who once stopped the Afghan forces at the Khyber Pass, is not merely history but a living inheritance, said Dr A. Tajinder Pal Singh Nalwa, his descendant. "If we could protect India from invasions then, we must now protect our children's minds from disintegration." Dr Nalwa was speaking to Sikh educators, community members, students, and lawyers at a seminar hosted by the Sikh Education Society at Guru Nanak High School Lecture Hall. Presided ...Read More >
Nagpur: Adani Power has finally taken over Anil Ambani-led Reliance Group's power plant at Butibori for Rs4,000 crore. The acquisition was formally completed on Tuesday. Originally built for captive supply of cheap power to industries in Butibori and nearby areas, the power plant ended up catering to Mumbai before it ran into trouble.Reliance company, Vidarbha Industries Power Limited (VIPL), had set up a 600MW (2 units of 300 MW) capacity generation plant at Butibori over a decade ago. The plan ...Read More >
Mumbai: The Adani Group has emerged as the only bidder without conditions in the race to acquire Jaiprakash Associates, submitting a ₹12,600 crore offer under the ongoing insolvency process. The other bidders - Dalmia Bharat, Vedanta, Jindal Power and PNC Infratech-have tied their bids to the resolution of a critical land dispute involving the Gautam Buddh Nagar Sports City project, currently pending before the Supreme Court. Jaiprakash Associates has attracted five bids, with Dalmia Bharat lea ...Read More >
Srinagar, July 6: Lieutenant Governor Manoj Sinha today attended the 125th birth anniversary celebration of Dr Syama Prasad Mookerjee, at Tagore Hall, here. Paying rich tribute to Mookerjee on his birth anniversary, Sinha recalled his immense contributions as one of the key architects of modern India. "Dr Mookerjee was a visionary statesman, educationist and fearless Parliamentarian whose ideals continue to shape the destiny of India. His profound knowledge, and resolute commitment to social c ...Read More >
New Delhi: The political fallout between US President Donald Trump and billionaire Elon Musk escalated sharply on Sunday, with Trump slamming Musk's newly announced "America Party" as a recipe for "total disruption and chaos." In a blistering post on his Truth Social account, Trump said Musk had "gone off the rails," accusing the Tesla and SpaceX chief of pursuing a "third political party" that would never succeed in America's entrenched two-party system. The comments come a day after Musk for ...Read More >
New York/Hyderabad, July 6 (Maxim News): In a bold political move, Tesla and SpaceX CEO Elon Musk has announced the formation of a new political party in the United States, named the "America Party." The tech billionaire unveiled the initiative on Saturday through a post on X (formerly Twitter), positioning it as a direct challenge to the traditional two-party dominance in American politics Here To Join Us On WhatsApp "America is being bankrupted by bipartisan waste and corruption. This is not ...Read More >
Mumbai (Maharashtra) [India], July 4 (ANI): The interim order against the index manipulation matter concerning Jane Street Group, on which the markets regulator passed an order to recover Rs 4,843.57 crore, should not be considered a show cause notice, SEBI sources said, adding that the investigations into the US-based investment firm will continue. "This interim order is not a Show Cause Notice, and it clearly indicates that investigations into Jane Street will continue. This interim order has ...Read More >
MUMBAI: The nation's largest bank State Bank of India (SBI) has decided to classify the loan account of the beleaguered telecom firm Reliance Communications (RCom) that's under bankruptcy since June 2019, as a "fraud" account and also to report the name of its erstwhile promoter and director Anil Ambani to the Reserve Bank. The company has been found to have used as much as Rs 12,692.31 crore of bank loans which is 41% of the total loan, to pay connected parties through a web of inter-group tra ...Read More >
New Delhi, Jul 2 (PTI) State Bank of India (SBI) has decided to classify the loan account of beleaguered telecom firm Reliance Communications as "fraud" and report the name of its erstwhile director Anil Ambani to the Reserve Bank of India (RBI). The move is expected to be followed by other lenders who have given loans to Reliance Communications Ltd (RCom). Reliance Communications, in a regulatory filing, said it has received a letter dated June 23, 2025, from State Bank of India (SBI) to this ...Read More >
New Delhi: India has recently overtaken Japan and is poised to become the third-largest economy by 2030, overtaking Germany, Union Petroleum Minister Hardeep Singh Puri has said. In the past 11 years, India has risen from the eleventh to the fourth largest economy in the world. "Our GDP has more than doubled -- from $2.1 trillion in 2014 to $4.3 trillion in 2025" said Puri while addressing the 77th Foundation Day of the Institute of Chartered Accountants of India (ICAI) here. The minister hig ...Read More >
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