China has initiated dispute settlement proceedings against the United States at the World Trade Organization to safeguard its interests in the electric vehicle industry, the Chinese mission said on Tuesday and the WTO confirmed.

China said it was contesting “discriminatory subsidies” under the US Inflation Reduction Act that it said resulted in the exclusion of goods from China and other WTO countries.

The global billionaires list witnessed as many as 94 new entrants from India, stated a report by Hurun India on Tuesday. Following a net addition of 84, the country’s billionaire tally touched 271 with their combined wealth at $1 trillion, noted the report.

Mukesh Ambani, chairman & managing director of Reliance Industries, is the only Indian to make it into the top 10 of the Hurun Global Rich List 2024, a ranking of billionaires in US dollar terms. Despite a 40 per cent increase in his wealth to $115 billion, Ambani, 66, dropped one rank to 10th place on the global list.

The clinical trials of the novel tuberculosis vaccine MTBVAC began in India on Sunday, marking a “giant step” forward in the fight against one of the world’s deadliest infectious diseases that kills over 1.6 million people annually.

Developed by Biofabri in collaboration with the Hyderabad-based Bharat Biotech, MTBVAC is derived from a human strain of the Mycobacterium tuberculosis bacteria. It holds promise as a more effective and long-lasting alternative to the BCG vaccine, the only tuberculosis (TB) vaccine currently available.

The Reserve Bank of India (RBI) has launched an investigation into Google Play’s billing system over alleged violations of the Payments and Settlements Systems Act, said people aware of the development, requesting anonymity. The probe follows a complaint lodged by Kolkata-based Hoichoi Technologies.

The complaint pertains to the operation of several of Google’s aggregator platforms in India, which are registered in foreign countries, including Singapore and the US.

The Bharatiya Janata Party (BJP) has organised a counter-protest demanding the resignation of Arvind Kejriwal. Led by Delhi Chief Virendra Sachdeva, the march will proceed from the Feroz Shah Kotla Stadium to the Delhi Secretariat on Tuesday, a day after Holi celebrations.

The BJP has consistently called for Kejriwal's resignation following his arrest. Conversely, the Aam Aadmi Party (AAP) has asserted that Kejriwal will continue to serve as Delhi's Chief Minister, even if he operates from within the jail. This has made Kejriwal the first-ever serving chief minister to be arrested.

India's largest private port operator Adani Ports and Special Economic Zone said on Tuesday it will buy a 95 per cent stake in Odisha's Gopalpur Port for an equity value of Rs 1,349 crore ($161.74 million) to bolster its east coast presence.

Adani Ports will purchase a 56 per cent stake in Gopalpur Port from real-estate conglomerate Shapoorji Pallonji Group (SP Group) and a 39 per cent stake from Orissa Stevedores.

The acquisition of cement assets from Jaiprakash Associates (Jaypee group) by Dalmia Cement remains in limbo, nearly 15 months after the deal was announced.

The closure of the Dalmia-Jaypee deal is being held up by ongoing discussions between lenders to the Jaypee group and the National Asset Reconstruction Company Limited (NARCL), as well as a separate arbitration between Jaiprakash Associates and UltraTech Cement.

The CBI on Saturday conducted searches on the premises of former TMC MP Mahua Moitra in multiple locations, including Kolkata, in connection with the alleged cash-for-query case, officials said. Teams of the central probe agency reached Moitra's residence in Kolkata and other cities early on Saturday, informed about the search proceedings and started the operation, they said.

A day after a Delhi court sent Chief Minister Arvind Kejriwal to the custody of the Directorate of Enforcement, senior AAP leader and minister Atishi alleged that the money trail was found in the BJP’s account and challenged Prime Minister Narendra Modi and ED to ‘arrest’ BJP national president JP Nadda.

Addressing a press conference here, Atishi asserted that, till date, no money trail has been found connected to any AAP leader.

JSW Energy's arm JSW Renewable Energy has signed an agreement with Reliance Power to acquire its 45 MW wind power project in Vashpet, Maharashtra, for Rs 132 crore.

JSW Renewable Energy (Coated) Limited is a wholly-owned subsidiary of JSW Neo Energy Limited and a step-down subsidiary of JSW Energy Limited, which is engaged in the business of renewable power generation, Reliance Power said in a regulatory filing.

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