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Pakistan terror attack: 4 assailants were killed and Karachi stock exchange building evacuated. Stay tuned with Business Standard for the latest news of today
 "Narendra Modi")
PM to address the nation at 4 pm tomorrow
Iran issues arrest warrant for Donald Trump, asks Interpol to help
Iran has issued an arrest warrant and asked Interpol for help in detaining President Donald Trump and dozens of others it believes carried out the drone strike that killed a top Iranian general in Baghdad, a local prosecutor reportedly said on Monday.
While Trump faces no danger of arrest, the charges underscore the heightened tensions between Iran and the United States since Trump unilaterally withdrew America from Tehran's nuclear deal with world powers.
Tehran prosecutor Ali Alqasimehr said Trump and more than 30 others whom Iran accuses of involvement in the January 3 strike that killed Gen. Qassem Soleimani in Baghdad face murder and terrorism charges," the semiofficial ISNA news agency reported.
Alqasimehr did not identify anyone else sought other than Trump, but stressed that Iran would continue to pursue his prosecution even after his presidency ends.
Terrorists attack Pakistan Stock Exchange; 11 killed, hostage situation foiled
Four heavily armed militants attacked the busy Pakistan Stock Exchange building here with guns and grenades on Monday morning, killing four security guards and a police officer before being shot dead in an exchange of fire, authorities said.
The militants, who arrived in a car, opened indiscriminate fire and lobbed grenades at the main gate of the multi-storey building situated in the city's high-security commercial hub as they tried to storm it.
Armed with automatic machine guns, grenades and explosives, they tried to enter into the compound leading to the Pakistan Stock Exchange (PSX) building through a parking lot but security forces foiled their attack within the compound itself, Deputy superintendent of police (South), Jamil Ahmed said.
They lobbed hand grenades and opened fire initially at the compound entrance to force themselves into the compound but one of them was killed immediately and that pushed them back, he said.
First batch of six Rafale jets likely to arrive in India by July 27; to be based in Ambala
India is likely to receive by July 27 the first batch of six Rafale fighter jets which are expected to significantly boost the combat capability of the Indian Air Force, people familiar with the development said.
The IAF has been on a high alert for the last two weeks in view of escalation in tension with China following clashes between troops of the two countries in Galwan Valley in eastern Ladakh in which 20 Indian Army personnel were killed. The two armies are locked in a bitter standoff in the region for seven weeks.
On June 2, Defence Minister Rajnath Singh held a telephonic conversation with his French counterpart Florence Parly during which she conveyed that the Rafale jets will be delivered to India as scheduled notwithstanding the coronavirus pandemic in France.
Military officials, on the condition of anonymity, said the arrival of the Rafale jets will significantly enhance the IAF's overall combat capability and will send a clear message to India's "adversaries".
China unveils wealth management scheme for Hong Kong, Macau and mainland
China unveiled on Monday a long-anticipated scheme linking up investment in wealth management products in Hong Kong, Macau and neighbouring mainland Chinese cities.
The "Wealth Management Connect" pilot scheme will allow individuals in Hong Kong, Macau and a group of nine cities in mainland China's southern Guangdong province, which together form the "Greater Bay Area", to buy such products in each other's markets.
Mainland China has strict capital controls, while Hong Kong and Macau do not. China will set investment quotas for the scheme that will be adjusted based on macro-prudential factors, according to a joint statement issued by the People's Bank of China, the Hong Kong Monetary Authority and the Monetary Authority of Macao on Monday.
Amid China row, India may get six fully-loaded Rafales by July-end
Punjab CM asks Centre to return donations in PM-CARES Fund from Chinese firms
Punjab Chief Minister Amarinder Singh on Monday asked the BJP-led Centre to return donations received from Chinese companies in the PM-CARES Fund, amid the India-China border tensions.
Addressing a press conference here, Singh alleged that the PM-CARES Fund, set up to strengthen India's fight against coronavirus, received donations from some Chinese companies.
"I think we must take a tough stand on China," said the Congress leader.
"I don't think we can afford to take Chinese money when our boys are being killed," he said.
Twenty Indian soldiers were killed in a violent clash with the Chinese army in Galwan Valley of Ladakh during the night of June 15-16.
Singh also named some Chinese companies which have made donation to the PM-CARES (Prime Minister's Citizen Assistance and Relief in Emergency Situations) Fund
95% appliances now made in India; dependence on China for components not to go down soon: CEAMA
Around 95 per cent of consumer electronics and appliances sold in India are produced locally, although dependence on China for components still ranges between 25-70 per cent which will be difficult to reduce overnight, according to industry body CEAMA.
Consumer Electronics and Appliances Manufacturers Association (CEAMA) said even before the call to boycott Chinese products, various companies had already started to look for alternative sources due to disruptions of supplies following the coronavirus-induced lockdown in China.
"We as an industry have done a lot of work (all brands) in creating capacity in the last two-three years by putting new plants to start manufacturing of finished products across categories. We are now in a very good position across all categories in the finished goods segment," CEAMA President Kamal Nandi told PTI.
Assam floods: Locals move to safer places due to flood in their villages
SC seeks information from UOI over petition questioning MHA's order on cancelling Tablighi Jamaat members
SAP India unveils initiative to make MSMEs globally competitive
Enterprise software major SAP on Monday launched a new programme called "Global Bharat" to enable Indian micro, small and medium-sized enterprises (MSMEs) become globally competitive by equipping them with digital technologies.
The programme is aimed at driving greater efficiencies of MSMEs by adopting three initiatives -- gaining access to global marketplace, digitally skilling workforce and digitally transforming businesses.
"The impact of pandemic on the economy and businesses has been felt majorly by MSMEs across the country. Being a potential contributor to India's GDP (29 per cent) and providing employment to over 111 million people, it is imperative to strengthen the sector for the revival of the country's economy," Deb Deep Sengupta, President and Managing Director, SAP Indian Subcontinent, said in a statement.
S&P affirms China; flags risk to growth from coronavirus, tensions with US
Credit rating agency S&P Global Ratings on Monday affirmed China's sovereign credit ratings at 'A+/A-1' with a stable outlook, amid the ongoing coronavirus outbreak.
S&P said China is likely to maintain above-average economic growth relative to other middle-income economies in the next few years.
However, it said that the growth is likely to come under pressure from the coronavirus outbreak, efforts to restructure the Chinese economy and US-China tensions.
The agency noted that it does not expect US-China relations to normalize in the foreseeable future.
We've kept stock for 2 months as there's possibility of landslide on national highway: J&K
International airlines initiate probe against Pakistan pilots, staff after reports of fake licence emerge: Report
Several international airlines, including Qatar Airways, have initiated a probe against Pakistani employees and grounded them till further notice after authorities here reported that as many as 262 pilots were holding fake licences, a media report has said.
Last week, cash-strapped Pakistan International Airlines (PIA) grounded 150 pilots with "dubious licenses" after the preliminary probe report of the Karachi plane crash on May 22 blamed the pilots and the air traffic control for the tragedy that killed 97 people.
The Express Tribune, quoting sources reported on Sunday that Kuwait Air has grounded seven Pakistani pilots and 56 engineers, while Qatar Airways, Oman Air and Vietnam Airlines have compiled lists of Pakistani pilots, engineers and ground-handling staff.
They said the employees whose names are on the lists will remain grounded till a report is received from the Pakistani authorities, it added.
Delhi Congress chief Anil Kumar and party workers were detained by police during a protest against the hike in fuel prices
A vehicle in Nationalist Congress Party (NCP) chief Sharad Pawar's convoy overturned on Mumbai-Pune Expressway
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First Published: Jun 29 2020 | 8:23 AM IST
