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Bengaluru blast: Cyberabad police conducts checks as precautionary measure

Bengaluru blast: Cyberabad police conducts checks as precautionary measure

The Karnataka police have intensified the investigation into the low intensity bomb blast at a popular eatery here, in which 10 people were injured, officials said on Saturday.

According to official sources, images of the suspect's movement have been captured by the CCTV cameras at the Rameshwaram cafe in Brookefield area and those nearby.

JSW Steel, Italy govt sign agreement to relaunch Piombino steel hub

JSW Steel, Italy govt sign agreement to relaunch Piombino steel hub

JSW Steel Italy has signed a memorandum of understanding (MoU) with the Italian government to relaunch the steelworks site of Piombino with an investment of 143 million euros.

In a statement, the company said that an MoU was signed with Italian authorities and its subsidiary, JSW Steel Italy SRL.

FIU imposes Rs 5.49 cr penalty on Paytm PB for money laundering violations

FIU imposes Rs 5.49 cr penalty on Paytm PB for money laundering violations

Financial Intelligence Unit-India (FIU-IND) has imposed a Rs 5.49 crore penalty on Paytm Payments Bank for violating anti-money laundering rules, the Finance Ministry said on Friday.

FIU-IND initiated a review of Paytm Payments Bank on receipt of specific information from law enforcement agencies in respect of few entities and their network of businesses engaged in a number of illegal acts, including organising and facilitating online gambling.

Delhi Airport set to reach 100 million capacity with new terminal

Delhi Airport set to reach 100 million capacity with new terminal

The Indira Gandhi International Airport is poised to significantly enhance its passenger handling capacity to over 100 million per year with the upcoming inauguration of Terminal 1, which is nearing completion, according to a report by Financial Express (FE).

Currently, the airport's three terminals collectively manage nearly 70 million passengers annually. Under phase 3A of the expansion initiative, Terminal 1 is on track to augment its capacity from 20 million to 40 million passengers per year.

CG Power surges 11% as JV to set up Rs 7,600-cr semiconductor unit

CG Power surges 11% as JV to set up Rs 7,600-cr semiconductor unit

Shares of CG Power and Industrial Solutions (CG) surged 11 per cent to Rs 494.40 in Friday's intraday trade amid heavy volumes, after the company said that it will build an outsourced semiconductor assembly and test facility in India in association with Industrial Solutions Limited, Renesas, and Stars Microelectronics.

The joint venture (JV) will be 92.3 per cent owned by CG, with Renesas, and Stars Microelectronics holding equity capital of approximately 6.8 per cent and 0.9 per cent, respectively.

Cabinet approves Rs 75,021 crore rooftop solar scheme for 10 mn households

Cabinet approves Rs 75,021 crore rooftop solar scheme for 10 mn households

The Union Cabinet on Thursday approved a rooftop solar scheme as 'PM Surya Ghar: Muft Bijli Yojana' to install rooftop solar panels across 10 million households with a total outlay of Rs 75,021 crore.

The decision was made at the Cabinet meeting presided over by Prime Minister Narendra Modi.

Commercial LPG cylinder to become costlier by Rs 25 in India from today

Commercial LPG cylinder to become costlier by Rs 25 in India from today

The prices of 19 kg commercial LPG cylinders in India were hiked by Rs 25 on Friday. In Delhi, these cylinders would cost Rs 1,795 apiece to the customers.

In Mumbai, the price of this cylinder would be Rs 1,749 apiece. In Kolkata and Chennai, these cylinders would cost Rs 1,911 and Rs 1,960.5 respectively.

GDP growth rate accelerated to 8.4% in Q3FY24; FY24 growth estimate at 7.6%

GDP growth rate accelerated to 8.4% in Q3FY24; FY24 growth estimate at 7.6%

India's Gross Domestic Product (GDP) growth rate in the quarter ending December 31, 2023 (Q3FY24) was 8.4 per cent, according to the data released by the Centre on Thursday. This is higher than the Reserve Bank of India's (RBI's) estimate of 6.5 per cent, according to National Statistical Office (NSO) of Ministry of Statistics and Programme Implementation (MoSPI).

Indian economy remained resilient with robust 7.6 per cent growth rate of GDP in FY 2023-24 over and above 7 per cent growth rate in FY2022-23.

Disney faces charges of up to $2.4 billion due to Star India's removal

Disney faces charges of up to $2.4 billion due to Star India's removal

Walt Disney anticipates non-cash pre-tax impairment charges ranging from $1.8 billion to $2.4 billion for the quarter ending March 31 due to the write-down of net assets and goodwill at Star India following its removal from the company, according to a company filing to the United States Securities and Exchange Commission, submitted on Wednesday.

The impairment charges stem from the merger agreement between Walt Disney and Reliance Industries Ltd (RIL) aimed at creating an $8.5-billion media entity by combining Star India and Viacom18.

Cabinet clears 3 semiconductor plants with investment of Rs 1.26 trillion

Cabinet clears 3 semiconductor plants with investment of Rs 1.26 trillion

The Union Cabinet on Thursday approved Rs 1.26 trillion worth of investments in three semiconductor plants, including a Tata group proposal to build the country’s first major chip fabrication facility at Dholera in Gujarat.

It also cleared a separate Tata proposal for a chip assembly plant in Morigaon, Assam, and another by CG Power in Sanand, Gujarat. The work on all three projects is expected to begin in the next 100 days.

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