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West Bengal CM Mamata Banerjee arrives in Delhi, meets Arvind Kejriwal

West Bengal CM Mamata Banerjee arrives in Delhi, meets Arvind Kejriwal

Delhi Chief Minister Arvind Kejriwal called on his West Bengal counterpart Mamata Banerjee in the national capital on Friday.

The meeting took place at Trinamool Congress (TMC) MP and Banerjee's nephew Abhishek Banerjee's official residence in New Delhi.

Biden's $33 bln aid will benefit US shareholders more than Ukraine: Experts

Biden's $33 bln aid will benefit US shareholders more than Ukraine: Experts

The Biden administration's attempt to secure more than $30 billion in additional defense and economic aid for Ukraine will further enrich the stockholders of major US defense contractors while having a negligible effect on the battlefield, analysts told Sputnik.

On Thursday, President Joe Biden asked US Congress for $33 billion in emergency supplemental funding to support Ukraine, including $20 billion for military assistance. So far, the package appears to have won broad bipartisan support among US lawmakers.

Moderna to build Covid-19 vaccine facility in Canada: PM Justin Trudeau

Moderna to build Covid-19 vaccine facility in Canada: PM Justin Trudeau

Canadian Prime Minister Justin Trudeau has announced that Covid-19 vaccine developer Moderna will build a manufacturing facility in the country's Quebec to deliver up to 100 million mRNA vaccine doses annually.

Construction is set to start this year and the facility is expected to be operational in 2024 at the earliest, subject to planning and regulatory approvals, Trudeau said on Friday in a press release.

Karnataka High Court back simultaneous levy of excise duty, GST on tobacco

Karnataka High Court back simultaneous levy of excise duty, GST on tobacco

Karnataka High Court has upheld the constitutional validity of the imposition of central excise duty, national calamity contingent duty (NCCD) simultaneously with the goods and services tax (GST) on tobacco and tobacco products.

A two-judge bench, comprising justice Alok Aradhe and justice S Vishwajith Shetty, basically upheld the earlier order by a single bench of the court in this regard.

Power-hungry India halts passenger trains to free up track to move coal

Power-hungry India halts passenger trains to free up track to move coal

India has boosted the output of coal and cancelled passenger trains to free up rail track to move it, officials said on Friday, as the government scrambles to overcome its worst power crisis in years.

State-run Coal India, which accounts for 80% of India's coal output, increased production by 27.2% in April, the federal coal ministry said. Federal government-run Indian Railways has cancelled 753 passenger train services, the government said.

Toyota to increase Urban Cruiser, Glanza prices on high input costs

Toyota to increase Urban Cruiser, Glanza prices on high input costs

Toyota Kirloskar Motor (TKM) on Friday said it will hike prices of its compact SUV Urban Cruiser and premium hatchback Glanza from May 1, 2022 to offset the increase in input costs.

At present, the Urban Cruiser is priced between Rs 8.88-11.58 lakh while the Glanza is tagged at Rs 6.39-9.96 lakh (ex-showroom Delhi), depending on the variants.

Global chip shortage: Hero Electric reports zero dispatches in April

Global chip shortage: Hero Electric reports zero dispatches in April

Electric two-wheeler maker Hero Electric on Friday said it had zero dispatches to dealers in April, hit by the ongoing global semiconductor shortage that led to stoppage of production.

The company experienced extreme chip shortage and supply chain constraints, Hero Electric said in a statement.

India has world's fastest growing start-up eco-system, says PM Modi

India has world's fastest growing start-up eco-system, says PM Modi

Prime Minister Narendra Modi on Friday said India is headed for a robust economy and the country's consumption of semi-conductors is expected to cross USD 110 billion by 2030 and has the world's fastest growing start-up eco-system.

He said India is set to lead the next technology revolution and investments are being made in developing capabilities in 5G among other things.

'Unwell' KCR stayed away from PM events in Hyderabad: Jitendra Singh

'Unwell' KCR stayed away from PM events in Hyderabad: Jitendra Singh

The Centre on Thursday rubbished claims by Telangana Minister K T Rama Rao that Chief Minister K Chandrashekar Rao was asked to stay away from Prime Minister Narendra Modi's programmes in the state.

"According to some media reports, the son of Telangana CM has claimed that PMO sent a message that Shri KCR should not be a part of PM's programs when he visited Hyderabad. This is patently untrue. No such message was sent by the PMO," Minister of State in the Prime Minister's Office Jitendra Singh said on Twitter.

Camlin Fine slips 17% on earnings impact due to Russia-Ukraine crises

Camlin Fine slips 17% on earnings impact due to Russia-Ukraine crises

Shares of Camlin Fine Chemicals hit a 52-week low of Rs 112.50 as they slipped 17 per cent on the BSE in Friday's intra-day trade on concerns of weak earnings due to ongoing Russia – Ukraine war. The stock of the specialty chemicals company has fallen below its previous low of Rs 116.30 touched on December 29, 2021.

Camlin Fine said the Russia – Ukraine crisis has had an adverse impact on all costs especially raw materials, logistics and power and fuel. The future impact of the situation is difficult to be assessed at this point, as the situation is unravelling at a fast pace, it said.

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