The Income Tax department survey operation against the BBC India continued for the second day with the sleuths understood to be making copies of electronic and paper-based financial data of the organisation, officials said Wednesday.

The tax department had launched the action on Tuesday at the BBC's Delhi and Mumbai offices along with at least two linked premises as part of an investigation into alleged tax evasion against the British broadcaster in India.

Prime Minister Narendra Modi will inaugurate 'Aadi Mahotsav', a mega national tribal festival, on Thursday here as part of the efforts to showcase the tribal culture on a large scale.

The Prime Minister's Office (PMO) noted that Modi has been at the forefront of taking steps for the welfare of the tribal population while also according due respect to their contribution in the country's growth and development.

Aditya Birla Group is in discussions with banks to raise funds at a promoter level for an equity infusion into Vodafone Idea (Vi), a report in the Economic Times (ET) said. The group is reportedly looking to raise long-term debt and use preferential share allotment as its route.

This comes after the Centre agreed to convert dues worth Rs 16,133 crore into equity.

The Competition Commission of India (CCI) is about to complete its investigation into the billing policies of Apple and its app store, a report in the Economic Times (ET) said, citing people aware of the matter. The iPhone maker may, like Google, be asked to change its app and commission policies by the competition regulator.

In December 2021, CCI had initiated a probe into Apple's policies following allegations by Together We Fight Society about its high commission and lack of third-party options.

As part of its defense against recent allegations of fraud, Adani Group companies have pointed to their commitments to ESG principles and global frameworks.
One of ESG’s most influential gatekeepers will soon render its own judgment.

MSCI Inc. will release the results of a quarterly review for its ESG and climate indexes this week, the first since a short-seller attack on the Adani Group triggered a $100 billion selloff.

British engineering company Rolls-Royce on Tuesday announced that it has received an order from Air India for 68 Trent XWB-97 engines, in addition to an option for 20 more.

The large A350 aircraft of Airbus are powered by Rolls-Royce XWB engines.

Air India on Tuesday sealed an order for procuring 250 Airbus passenger jets. The order comprises 40 Airbus A350s and 210 Airbus A320/321 aircraft.

After alleging that the United States was involved in the 'conspiracy' of ousting Imran Khan from the Prime Minister post, Pakistan Tehreek-e-Insaf (PTI) Chief gave a clean chit to America and, instead, blamed former army chief Qamar Javed Bajwa for removing him, the Dawn reported.

Khan, who was ousted from his post in April last year, took swipes at Bajwa saying that the former army chief had told the US that PTI Chief is an anti-American.

Prime Minister Narendra Modi on Tuesday paid tribute to the CRPF personnel who lost their lives in a terror attack on their convoy in Pulwama on this day in 2019.

He tweeted, "Remembering our valorous heroes who we lost on this day in Pulwama. We will never forget their supreme sacrifice. Their courage motivates us to build a strong and developed India."

Gold prices fell Rs 150 on Tuesday, with 10 grams of the yellow metal (24-carat) trading at Rs 57,230. Silver prices fell Rs 500 from yesterday's close to Rs 70,000 per kg.

The price of 22-carat gold fell Rs 100 from yesterday's close to Rs 52,500, according to the GoodReturns website.

The sale of smartphones through online platforms like Amazon and Flipkart overtook sales through offline retailers for the first time in 2022, a report in the Economic Times (ET) said. This was the first time when channels of sales were operating at their normal capacity since the onset of the Covid-19 pandemic.

The offline channels were impacted due to the tepid consumer demand. In 2022, the shipments to retail stores fell 15 per cent year-on-year (YoY).

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