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The $50 billion sector is under the spotlight after a number of recent scandals linked to smaller, privately-held Indian companies, including the deaths of dozens of children in Gambia and Uzbekistan

Karnataka Chief Minister Siddaramaiah on Wednesday assured that his government is committed to implementing the Advocate Protection Act

Hitting out at Rahul Gandhi over his remarks in the US on PM Modi, Union Minister Kiren Rijiju said the Congress leader is unable to digest a common man becoming the country's most powerful leader

Veteran Congress leader Digvijaya Singh came down heavily on PM Modi, saying if he returns to power in 2024, only the parties or leaders that he approves of will be able to contest 2029 polls

The price of ten grams of 22-carat gold rose Rs 400 to Rs 55,850

The House passed debt-limit legislation forged by President Joe Biden and Speaker Kevin McCarthy that would impose restraints on government spending through the 2024 election

Former Vice President Mike Pence will officially launch his widely expected campaign for the Republican nomination for president in Iowa next week, adding another candidate to the growing GOP field and putting him in direct competition with his former boss. Pence will hold a kickoff event in Des Moines on June 7, the date of his 64th birthday, according to two people familiar with his plans who spoke on condition of anonymity to share details ahead of the official announcement. He'll also releas

He assured that supply of essential items in hill areas and helicopter services for emergency needs in Churachandpur, Moreh and Kangpokpi would be ensured

The poster referred to the silence of the Minister on protesting wrestlers, many of whom had won Olympic medal, were on Sunday forcibly removed by police from their protest site on Jantar Mantar

Sikkim Chief Minister Prem Singh Tamang, better known as P S Golay, on Wednesday claimed that the financial condition of the Himalayan state has improved since his party Sikkim Krantikari Morcha (SKM) came to power in 2019. Addressing a function to celebrate the four years of his government, Golay said revenue collection has increased by 57 per cent since 2019. He said efforts were underway to further boost revenue without burdening the citizens through the adoption of strategic measures with tr

Chinese President has urged his top national security officials to consider worst-case scenarios as the governing party intensifies efforts to tackle perceived internal and external threats

Pakistan's Chief of Naval Staff Admiral Muhammad Amjad Khan Niazi has called for the use of innovations in defence technologies, said a statement from the Pakistan Navy

Diplomacy is aimed at building trust between the nations and it will be a driving force in India's success, said Minister of Commerce and Industry, Consumer Affairs, and Textiles, Piyush Goyal

India and Vietnam pledged to further strengthen their shared efforts and existing frameworks in areas such as marine scientific research, Humanitarian Assistance and Disaster Relief (HADR)

A second mega $19.5 billion plan to build chips locally by a joint venture between India's Vedanta and Taiwan's Foxconn is also proceeding slowly

A deal finalizing the joint production of the engines is expected to be inked and announced by the time President Joe Biden hosts Indian PM Narendra Modi for an official state visit on June 22

Here is the best of Business Standard's opinion pieces for today

He said the company is planning to build a lot of innovations to reach the next 200 million customers

The lessors of Go First had moved the high court against the DGCA, seeking to deregister their aircraft leased to Go First. This was shortly after the NCLAT upheld the NCLT order on May 22

Aureus Investment Pvt Ltd, a promoter of Sona BLW Precision, on Wednesday sold a 3.2 per cent stake in the firm for Rs 957 crore through an open market transaction. According to the bulk deal data available with the NSE, Aureus Investment sold 1.90 crore shares, amounting to a 3.2 per cent stake in Sona BLW Precision. The shares were offloaded at an average price of Rs 503.73 apiece, taking the transaction value to Rs 957 crore. Post the latest transaction, the shareholding of Aureus Investment

Jammu and Kashmir has been allotted an additional 1.99 lakh houses under the 'Pradhan Mantri Awaas Yojna-Gramin' (PMAY-G) by the Centre to saturate the 'AwaasPlus' permanent waiting list of the Union Territory during 2023-24, officials said on Wednesday. They said the newly targeted houses will be sanctioned by the Rural Development Department by June 30. The massive allocation for J-K by the Union Ministry of Rural Development, under the flagship scheme, is the highest across all UTs in India,

Akash Ambani, the elder son of billionaire Mukesh Ambani, and his wife Shloka Mehta Ambani on Wednesday welcomed their second child on Wednesday, a baby girl. The couple had their first child Prithvi in December 2020. Dhanraj Nathwani, a friend of the Ambani children and son of family confidant and Rajya Sabha MP Parimal Nathwani, took to Twitter to announce the birth of the girl child. Heartiest congratulations to Akash and Shloka Ambani on the joyous arrival of their little princess! May this

The Allahabad High Court has ruled that citizens have the right to keep or change their names according to personal preferences, and this comes within the ambit of the Constitution. Justice Ajay Bhanot made the observation on a writ petition filed by one Sameer Rao challenging the UP Madhyamik Siksha Parishad's rejection of his application to get his name changed in the high school and intermediate examination certificates. The high court directed the UP Madhyamik Siksha Parishad to allow the pe

The Telangana state government on Wednesday launched the Telangana State Anti-Narcotics Bureau and the Telangana State Cyber Security Bureau

Morgan Stanley's report on how India under Prime Minister Narendra Modi has transformed and gained a position in the world order in less than a decade is the est and sharpest indictment of the Congress-led UPA's lost decade between 2004 and 2014, Union Minister Rajeev Chandrasekhar said on Wednesday. Speaking to PTI, he said the report reminds Indians how the Congress-led UPA had in 2014 left a shattered economy. Nine years later, India has emerged as one of the fastest-growing economies in the

The government has extended the tenure of Atul Verma as the Director General of the Competition Commission of India (CCI) for three months. The Director General (DG) office is the investigation arm of the fair trade regulator. According to an official order, the competent authority has approved the extension of the deputation of Atul Verma as Director General of CCI for a period of three months beyond May 31. CCI is probing various anti-competitive cases, including those relating to technology c

Concerned about Jharkhand's low credit-deposit ratio at 45 per cent, the state-level bankers' committee on Wednesday decided to take it to 50 per cent by the quarter ending September 2023 of the current fiscal. The SLBC was headed by Bank of India Managing Director and CEO Rajneesh Karnatak. All banks are committed to the economic growth of Jharkhand...There is a plan for improving the CD ratio. This year, it has improved by 6 per cent on a year-on-year basis. There are individual credit plans f

The Assam cabinet on Wednesday expanded the food security net by changing the income criteria so that families who earn up to Rs four lakh per annum can benefit from the scheme which gives subsidised food rations. This will add 40 lakh new beneficiaries this year. The cabinet, in a meeting presided by Chief Minister Himanta Biswa Sarma, decided to amend the Assam Food Security Rules, 2022 to change the maximum income criteria from Rs 2.5 lakh to Rs 4 lakh per annum,Tourism minister Jayanta Malla

Road accidents in Gujarat decreased by 44 per cent in the last 10 years despite a rise in the number of vehicles, a state minister said on Wednesday. Gujarat Minister of State for Transport Harsh Sanghavi, who chaired a meeting of the Gujarat Road Safety Authority in Gandhinagar during the day, attributed this drop in the number of accidents to the efforts taken by the Gujarat Road Safety Authority in reducing the time taken for transporting the victims from the accident sites to nearby hospital

Developer billings and sales increased by 27 percent between 2019 and 2020; 27 percent between 2020 and 2021; and 29 percent between 2021 and 2022

India conducted Asia's first demonstration of performance-based navigation for helicopters for a flight from Juhu to Pune using GAGAN satellite technology. In a tweet on Wednesday, Civil Aviation Minister Jyotiraditya Scindia said it is a fine example of the Indian aviation sector blazing a trail in innovation!. India conducts Asia's first demonstration for Performance-Based Navigation for helicopters. The flight from Juhu to Pune made use of the #GAGAN satellite technology that enhances accurac

A businessman has been arrested from Ahmedabad for allegedly availing fake input tax credit (ITC) to the tune of Rs 7.22 crore after the Central Goods and Services Tax commissionerate unearthed evasion of Rs 36.95 crore in GST involving ten non-existent firms, the CGST commissionerate here said on Wednesday. The preventive wing of CGST Ahmedabad south commissionerate found a web of non-existent firms involved in passing of fake input tax credit by routing the invoices through a series of firms.

Delhi Finance Minister Kailash Gahlot on Wednesday said the collection of GST and VAT in the city was more than Rs 34,000 crores in 2022-23, and claimed Delhi will be a leading state for tax administration through the intervention of artificial intelligence. Trade and Taxes department plays an important role in the government, Gahlot said in a review meeting. The GST and VAT collection was more than Rs 34,000 Crores in 2022-23. This year we expect remarkable growth in the collection, said Gahlot

AP and Equilar conducted a compensation survey of the S&P 500 companies

Steel Authority of India Ltd (SAIL) on Wednesday said Amarendu Prakash on Wednesday assumed the charge as the company's Chairman. He succeeds Soma Mondal, who retired from the post on April 30, 2023. In a regulatory statement, SAIL said, Amarendu Prakash, Director (in-charge at SAIL's Bokaro Steel Plant (BSL), SAIL) has joined as Chairman SAIL w.e.f. May 31, 2023. A B.Tech in Metallurgy from BIT Sindri, Prakash is an accomplished technocrat and possesses over 30 years of experience, comprising 2

Delhi Commission for Women chief Swati Maliwal on Wednesday issued a notice to police seeking action against a man who allegedly revealed the identity of a minor wrestler who has filed a sexual harassment complaint against BJP MP and outgoing Wrestling Federation of India chief Brij Bhushan Sharan Singh. Maliwal has also issued summons to DCP New Delhi in the matter. A man posing as the uncle of a minor girl who had filed a complaint against Brij Bhushan is revealing the identity of the girl by

This comes at a time when the startup ecosystem has been severely impacted due to funding winter

Singapore Airlines will offer free unlimited wifi access to passengers in all cabin classes on its flights, including those connecting Indian cities. The enhanced wifi offering will be available virtually across the entire aircraft fleet and almost the entire global SIA route network, it said in a release on Wednesday. India is a key market for Singapore Airlines, which flies 96 times a week from eight Indian cities. Customers will enjoy the most comprehensive free unlimited wifi access in the a

Nakra spearheaded the company's business operations and overall strategy for the India region

Boosting India-Nepal cooperation in areas of energy, connectivity and trade is set to be the focus of talks between Prime Minister Narendra Modi and his Nepalese counterpart Pushpakamal Dahal 'Prachanda' on Thursday. Hours after arriving in Delhi on Wednesday afternoon on a four-day visit to India, 'Prachanda' said at an event in the Nepalese embassy that both sides are keen to expand the overall ties and indicated that a number of agreements are likely to be firmed following his talks with Modi

Capital markets regulator Sebi on Wednesday slapped fines totalling Rs 77 lakh on 16 entities for manipulating the share price and violating other norms in the matter of Gayatri Sugars Ltd. The Securities and Exchange Board of India (Sebi) conducted an investigation in the matter of Gayatri Sugars Ltd (GSL), a BSE-listed company. The probe was to ascertain whether there was any violation of Sebi norms and PFUTP (Prohibition of Fraudulent and Unfair Trade Practices) rules by certain entities for

Defence Minister Rajnath Singh said on Wednesday that women wrestlers' complaint against Wrestling Federation of India (WFI) president Brij Bhushan Singh is being probed and action will be taken once the investigation is over. Some of the country's top wrestlers have been protesting against Brij Bhushan Singh, a BJP MP, demanding his sacking from the federation and his arrest. The Delhi Police has registered two FIRs against him and is probing the case. The matter is being investigated. The gove

The AP's and Equilar's compensation study included pay data for 343 CEOs at S and P 500 companies who have served at least two fiscal years at their companies

Of the 300-odd e2W makers in India, 28 were registered on the FAME portal.

The government believes firms which are subject to China's laws could be forced to hand over information to Beijing's security services

US banks saw total deposits decline by a record 2.5 per cent in the first quarter of 2023

Politburo members, ministers recently met Starbucks, Arm, Franklin Templeton execs

Prime Minister Narendra Modi, Union Home Minister Amit Shah and BJP national president J P Nadda will address rallies in West Bengal next month, party state unit president Sukanta Majumdar said on Wednesday. The rallies will be part of the countrywide mass outreach campaign on the BJP-led NDA government's completion of nine years in power at the Centre, he said. The PM, Union home minister and BJP national president will address one rally each, across north and south Bengal, in June. The dates a

As the ethnic unrest continues in Manipur, representatives of the Meitei and Kuki communities on Wednesday sought restoration of peace in the state even as differences remained stark. Members from the Kuki-Hmar-Zomi-Mizo tribes held a protest at the Jantar Mantar here demanding that Chief Minister Biren Singh be sacked and President's rule implemented in the state. A press conference was held by representatives of the Meitei community who demanded the Centre's intervention in restoring peace in