The government seems to have softened its stance on the time frame for transition to electric vehicles (EVs).

The Ministry of Heavy Industries, the Ministry of Road Transport and Highways, the power ministry, and the NITI Aayog — tasked with the policymaking and implementation of the government’s e-mobility plan — have extended an olive branch to the beleaguered automobile industry by agreeing to a “softer, pragmatic, phase-wise approach”.

Facebook doesn’t have to face a lawsuit by victims of Hamas attacks and their relatives who claimed that the social network unlawfully assisted the terror group, a federal appeals court ruled.

In a 66-page ruling issued Wednesday, a divided court upheld a judge’s decision to throw out the case, saying an interactive computer service is not the publisher of third-party information when it uses tools that are designed to match content with consumer interests.

Former finance minister Arun Jaitley on Wednesday said opposition to the triple talaq bill "exposed pseudo liberals" as he hit out at the Congress for giving higher priority to "fundamentalist" vote bank than justice to women.

In a blog, Jaitley said a 'liberal' should be hostile to the idea of discrimination and injustice perpetuated by an oral divorce. But in this case, not one spoke in favour of the bill which is ending the injustice, he added.

Markets regulator Sebi Tuesday imposed a total fine of Rs 17 lakh on two entities for executing fraudulent trades in the illiquid stock options segment on the BSE. The two entities, Dippy Investments Pvt Ltd, Dhan Stock and Share Brokers Pvt Ltd were fined Rs 12 lakh and Rs 5 lakh, respectively as per Sebi’s separate orders.

Indian stock markets were lower on Wednesday as investors exercised caution, rattled by renewed trade war concern following US President Donald Trump’s threats to Beijing amid tariff negotiations and ahead of the Federal Reserve’s long-awaited rate cut in a decade. The Sensex was down about 200 points while Nifty traded 61 points lower at 11,025.

The rupee tumbled 9 paise to trade at 68.94 against the U.S. Dollar in early trade on July 31 amid unabated foreign fund outflows and rising crude oil prices.

The Rupee opened weak at 68.89 at the interbank forex market and slipped further to 68.94, showing a decline of 9 paise against its previous close.

Five people, including two cops, were killed and 38 others injured on July 30 in a powerful blast targeting a police vehicle in Quetta, the largest city of Pakistan’s troubled Balochistan province.

The blast took place close to a police vehicle at the Bacha Khan Chowk in the remit of the City Police Station, Quetta’s Deputy Inspector-General of Police Abdul Razzaq Cheema said.

Tata Motors on Tuesday said its shareholders have approved appointment of N Chandrasekaran as director on the company’s board. He is chairman of Tata Motors. In a regulatory filing, the company also said Nasser Munjee, Vinesh Kumar Jairath and Falguni Nayar have ceased as independent directors upon completion of their terms.

The fate of the country’s financially stressed telecom industry is hanging in a precarious balance. The Supreme Court is shortly going to conclude the hearings on a case which is going since 2006 relating to the definition of adjusted gross revenue (AGR) and pronounce its judgment. If the operators lose the case, they may have to shell out a massive Rs 92,000 crore as outstanding licence fee.

Q1FY20 was strong for ICICI Bank marked by significantly higher-than-expected PAT of Rs 19.1 billion (our estimate: Rs 16.7 billion) primarily on lower provisions (down 41.5% year-on-year). Key highlights of Q1: (a) domestic advances growth improved to 17.9% y-o-y — retail book (up 22.4%); (b) decline in BB and below rated pool to 2.6% of loans vs 3% in Q4FY19; and (c) headline asset quality improved with GNPA down 21 bps quarter-on-quarter at 6.5%.

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