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Union Bank's ₹7.25 cr book purchase faces heat amid Subramanian's IMF exit

Union Bank's ₹7.25 cr book purchase faces heat amid Subramanian's IMF exit

Public sector lender Union Bank of India spent an estimated ₹7.25 crore to purchase nearly 200,000 copies of a book authored by former Chief Economic Adviser (CEA) Krishnamurthy V Subramanian, according to a report by The Economic Times. The report comes amid Subramanian's recent exit from his post as India’s executive director at the International Monetary Fund (IMF), six months ahead of schedule.

TN CM urges Jaishankar to act over Sri Lanka's rising attacks on fishermen

TN CM urges Jaishankar to act over Sri Lanka's rising attacks on fishermen

Tamil Nadu Chief Minister MK Stalin has written to External Affairs Minister S. Jaishankar, seeking immediate intervention to safeguard the lives and livelihoods of Indian fishermen following a spate of recent attacks and ongoing issues related to confiscated boats held by Sri Lankan authorities.

Govt weighing next move after SC's JSW-BPSL order: DFS Secretary M Nagaraju

Govt weighing next move after SC's JSW-BPSL order: DFS Secretary M Nagaraju

The Department of Financial Services (DFS) has reviewed the Supreme Court’s (SC’s) judgment on JSW Steel’s acquisition of Bhushan Power & Steel (BPSL) through the insolvency process, in consultation with the lenders involved, and will now seek the government’s view on how to approach the ruling and determine the next course of action, DFS Secretary M Nagaraju said on Monday in Mumbai.

Pakistan trembles as earthquake of magnitude 4.2 hits the country

Pakistan trembles as earthquake of magnitude 4.2 hits the country

A 4.2-magnitude earthquake struck Pakistan at 4 pm IST on Monday, according to the National Centre for Seismology (NCS). This marks the third earthquake to hit the country in recent weeks.

In a post on X, the NCS showed the tremors originated near the Chitral District of Khyber Pakhtunkhwa province, near the border with Afghanistan.

Govt preparing response to SC verdict on ₹19,700 cr JSW-Bhushan Power deal

Govt preparing response to SC verdict on ₹19,700 cr JSW-Bhushan Power deal

The Centre is reviewing the Supreme Court’s order that quashed JSW Steel’s ₹19,700 crore resolution plan of Bhushan Power and Steel Ltd (BPSL), and will soon finalise its response, the Department of Financial Services (DFS) said on Monday, according to a report by Reuters.

“I have already reviewed [the order] with all the lenders. We have taken a position, we have studied the judgment, we have got our advocates’ view on the judgment,” DFS Secretary M Nagaraju said.

Couple dies in fire at Kanpur five-storey building, 3 children feared dead

Couple dies in fire at Kanpur five-storey building, 3 children feared dead

A 45-year-old man and his wife died in a massive fire that broke out at a five-storey building in Chamanganj area of Uttar Pradesh's Kanpur, police said on Monday.

Huge flames engulfed the entire building located in the Prem Nagar area. The five-storey structure houses a shoe manufacturing factory on its first and second floors, they said.

Allahabad HC to hear govt's response on Rahul Gandhi's citizenship plea

Allahabad HC to hear govt's response on Rahul Gandhi's citizenship plea

The Lucknow Bench of the Allahabad High Court is set to hear a petition challenging the citizenship status of Congress MP and Leader of Opposition in the Lok Sabha, Rahul Gandhi, on Monday, with the Central Government directed to provide a clear response on whether Gandhi is an Indian citizen.

In the last hearing, the court expressed dissatisfaction with the status report by the Ministry of Home Affairs (MHA) to directly address whether Gandhi is an Indian citizen.

'National security threat': Donald Trump plans 100% tariff on foreign films

'National security threat': Donald Trump plans 100% tariff on foreign films

President Donald Trump announced Sunday that he plans to impose a 100% tariff on films produced overseas, extending his restrictive trade policies on US imports to the entertainment sector for the first time.

In a post on Truth Social, the American leader said he was directing the Commerce Department and his trade representative to “immediately begin the process of instituting” the levy on foreign movies. “WE WANT MOVIES MADE IN AMERICA, AGAIN!” Trump continued.

Adani team in talks with Trump admin to drop $265 million US bribery case

Adani team in talks with Trump admin to drop $265 million US bribery case

Representatives of businessman Gautam Adani have held meetings with officials from the Donald Trump-led US administration to discuss the possibility of dropping criminal charges filed against him in connection with an overseas bribery investigation, according to a report by Bloomberg.

The meetings reportedly began earlier this year and have intensified in recent weeks. If the current pace continues, the matter could move towards resolution within a month.

Samsung India fights $520 mn tax demand, points to Reliance practice

Samsung India fights $520 mn tax demand, points to Reliance practice

Samsung has asked an Indian tribunal to quash a $520 million tax demand for allegedly misclassifying imports of networking gear, arguing officials were aware of the practice as India's Reliance imported the same component in a similar manner for years, documents show.

Samsung becomes the second major foreign company in recent months to challenge an Indian tax demand.

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