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Govt preparing response to SC verdict on ₹19,700 cr JSW-Bhushan Power deal

Govt preparing response to SC verdict on ₹19,700 cr JSW-Bhushan Power deal

The Centre is reviewing the Supreme Court’s order that quashed JSW Steel’s ₹19,700 crore resolution plan of Bhushan Power and Steel Ltd (BPSL), and will soon finalise its response, the Department of Financial Services (DFS) said on Monday, according to a report by Reuters.

“I have already reviewed [the order] with all the lenders. We have taken a position, we have studied the judgment, we have got our advocates’ view on the judgment,” DFS Secretary M Nagaraju said.

Couple dies in fire at Kanpur five-storey building, 3 children feared dead

Couple dies in fire at Kanpur five-storey building, 3 children feared dead

A 45-year-old man and his wife died in a massive fire that broke out at a five-storey building in Chamanganj area of Uttar Pradesh's Kanpur, police said on Monday.

Huge flames engulfed the entire building located in the Prem Nagar area. The five-storey structure houses a shoe manufacturing factory on its first and second floors, they said.

Allahabad HC to hear govt's response on Rahul Gandhi's citizenship plea

Allahabad HC to hear govt's response on Rahul Gandhi's citizenship plea

The Lucknow Bench of the Allahabad High Court is set to hear a petition challenging the citizenship status of Congress MP and Leader of Opposition in the Lok Sabha, Rahul Gandhi, on Monday, with the Central Government directed to provide a clear response on whether Gandhi is an Indian citizen.

In the last hearing, the court expressed dissatisfaction with the status report by the Ministry of Home Affairs (MHA) to directly address whether Gandhi is an Indian citizen.

'National security threat': Donald Trump plans 100% tariff on foreign films

'National security threat': Donald Trump plans 100% tariff on foreign films

President Donald Trump announced Sunday that he plans to impose a 100% tariff on films produced overseas, extending his restrictive trade policies on US imports to the entertainment sector for the first time.

In a post on Truth Social, the American leader said he was directing the Commerce Department and his trade representative to “immediately begin the process of instituting” the levy on foreign movies. “WE WANT MOVIES MADE IN AMERICA, AGAIN!” Trump continued.

Adani team in talks with Trump admin to drop $265 million US bribery case

Adani team in talks with Trump admin to drop $265 million US bribery case

Representatives of businessman Gautam Adani have held meetings with officials from the Donald Trump-led US administration to discuss the possibility of dropping criminal charges filed against him in connection with an overseas bribery investigation, according to a report by Bloomberg.

The meetings reportedly began earlier this year and have intensified in recent weeks. If the current pace continues, the matter could move towards resolution within a month.

Samsung India fights $520 mn tax demand, points to Reliance practice

Samsung India fights $520 mn tax demand, points to Reliance practice

Samsung has asked an Indian tribunal to quash a $520 million tax demand for allegedly misclassifying imports of networking gear, arguing officials were aware of the practice as India's Reliance imported the same component in a similar manner for years, documents show.

Samsung becomes the second major foreign company in recent months to challenge an Indian tax demand.

Congress slams PM Modi, Shah over Manipur crisis on anniversary of violence

Congress slams PM Modi, Shah over Manipur crisis on anniversary of violence

The Congress on Saturday alleged that Prime Minister Narendra Modi "continues to shun" Manipur and Union Home Minister Amit Shah proved to be a "big failure" in managing the situation in the state which has been in the grip of ethnic strife since 2023.

Congress General Secretary In-charge, Communications, Jairam Ramesh said the BJP formed a government in Manipur with a massive mandate in February 2022, and exactly two years ago today, the state erupted in sectarian violence.

India bans all imports from Pakistan amid tensions over Pahalgam attack

India bans all imports from Pakistan amid tensions over Pahalgam attack

India has imposed a complete ban on all imports from Pakistan following the recent terror attack in Jammu and Kashmir’s Pahalgam. The government said the decision, effective immediately, was taken in the "interest of national security and public policy", and will remain in force until further notice.

Reliance Power to invest Rs 10K cr for Asia's largest solar-BESS unit

Reliance Power to invest Rs 10K cr for Asia's largest solar-BESS unit

A unit of Anil Ambani-led Reliance Power has signed a 25-year power purchase agreement with the public sector enterprise Solar Energy Corporation of India (SECI) to supply solar power backed by battery storage, according to a company press statement.

Reliance NU Suntech, a wholly owned subsidiary of Reliance Power, will develop Asia’s largest single-site integrated solar and battery energy storage system (BESS) project.

Pakistan violates ceasefire for 9th consecutive night; India responds

Pakistan violates ceasefire for 9th consecutive night; India responds

Pakistani forces have continued unprovoked ceasefire violations along the Line of Control (LoC) for the ninth consecutive night, targeting the Kupwara, Uri, and Akhnoor sectors in Jammu and Kashmir. The Indian military responded in a "calibrated and proportionate manner," according to a report by India Today.

The renewed hostilities come in the wake of heightened tensions between India and Pakistan following the April 22 terror attack in Pahalgam, which claimed 26 lives.

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