The Reserve Bank of India (RBI) is targeting one million users of the central bank-backed digital currency (CBDC) by June-end, deputy governor T Rabi Shankar said on Thursday in a press conference after the monetary policy announcement.

Sankar said the RBI does not have a date in mind on when to go live with CBDC beyond the present pilot project and pointed to the "gradual and calibrated" change which focuses on internalising learnings as the usage grows.

Gangster Sanjeev Jeeva's alleged killer Vijay went to Nepal days before the audacious court murder. He reportedly told the police that he had been in touch with a mafia. The man had shown him the photograph of Jeeva and promised to pay Rs 20 lakh for his murder. He gave him Rs 5000 and a revolver to shoot him dead.

Shooter Vijay had met slain gangster Atiq Ahmed's friend Ashraf in Nepal. According to Amar Ujala, Ashraf told Vijay to murder Jeeva for Rs 20 lakh.

Around 50 per cent of the Rs 2,000 notes in circulation in the economy have been returned to the banking system since the announcement of their withdrawal last month, Reserve Bank of India (RBI) Governor Shaktikanta Das said on Thursday.

Speaking at a press conference after the announcement of the monetary policy committee, Das said, "As of March 31 this year, Rs 2,000 notes worth Rs 3.62 trillion were in circulation. After the announcement, so far about Rs 1.8 trillion worth of Rs 2,000 notes have come back."

To accelerate the transition to green power, Indian Railways has chosen the Central Railways as the model agency responsible for signing an agreement to procure wind energy for the entire railway network across the country, a major step by the Indian Railways in its efforts to become a Net Zero Carbon Emitter by 2030.

The Railway Board has nominated Central Railway as the Nodal Railway for executing the Power Purchase Agreement (PPA) with M/s NTPC Renewable Energy Ltd for the entire 500 MW power supply. Central Railway is currently in the process of finalizing the Power Purchase Agreement (PPA) with NREL.

The monthly 5G smartphone sales share has crossed the 50 per cent mark in India for the first time in April this year, a new report said on Monday.

According to Counterpoint Research, 5G services are still patchy across most of India after launching in October 2022.

The Allahabad High Court said that the mere possession and transportation of cows within the state does not amount to an offence under the Uttar Pradesh Prevention of Cow Slaughter Act, 1955.

Making these observations, Justice Vikram D. Chauhan granted bail to Kundan Yadav of Kushinagar district, as no evidence of physical injury to any cow or its progeny was found which could endanger their lives.

Cabinet on Wednesday approved a revival plan for the state-run Bharat Sanchar Nigam Ltd (BSNL) worth Rs 89,047 crore. It includes an allotment of 4G/5G spectrum for BSNL through equity infusion.

With this, the authorized capital of BSNL will be increased from Rs 1.5 trillion to Rs 2.1 trillion.

More than 70 per cent of Indians are opting to deposit the recently withdrawn Rs 2,000 notes in bank accounts.

According to a Reuters report published Wednesday, people are choosing to deposit as opposed to exchanging the Rs 2,000 note for smaller denominations, which was recently withdrawn by the Reserve Bank of India (RBI).

Shares of Zen Technologies hit a new high of Rs 453.15, surging 10 per cent on the BSE in Thursday's intra-day trade, after the company said it has won order worth of Rs 202 from the Ministry of Defence, and foresees more orders in the near future.

Thus far in the calendar year 2023, the stock of India's leading anti-drone technology and defense training solutions provider has zoomed 146 per cent, as compared to less than 3.3 per cent rise in the S&P BSE Sensex.

Securities and Exchange Board of India (Sebi) is likely to change the rules to start tracking investments flowing into local private equity (PE) and venture capital (VC) funds, The Economic Times (ET) reports.

The market regulator is doing this to identify the investors and the source of the money. In addition, Sebi also wants to check if PE and VC funds, also known as alternative investment funds (AIFs), are being misused, the report said.

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