LIVE: GST Council to maintain status quo on tax on online gaming, casinos

GoM given 15 more days to iron out the issue of the valuation mechanism and submit the report, says FM Sitharaman

4:11 PM

Election to the Office of the Vice President to be held on 6th August 2022

3:58 PM

FM Sitharaman to announce GST Council's decisions shortly

3:35 PM

Now companies can sell their crude oil to any private company in the domestic market: Thakur

3:23 PM

Govt approves deregulation of sale of domestically-produced crude oil

3:03 PM

Maharashtra CM Uddhav Thackeray to chair the cabinet meeting at 5 pm today: CMO

2:58 PM

Cabinet briefing by Anurag Thakur shortly

2:56 PM

Japan's Renesas joins Tata Motors to build chips for India, global markets

Japanese Renesas Electronics Corporation, a leading supplier of advanced semiconductor solutions, on Wednesday announced a strategic partnership with Tata Motors and Tejas Networks Ltd (a Tata Group company) to design, develop and manufacture semiconductor solutions.

The aim is to enhance innovation across electronics systems for the Indian and emerging markets.

Renesas will collaborate with Tejas for implementing next-generation wireless network solutions, including design and development of semiconductor solutions for radio units (RU) used in telecom networks, from 4G, 5G, to open radio access network (O-RAN) for the 5G era.

2:45 PM

Uddhav Thackeray to chair the cabinet meeting at 5 pm today: CMO

Maharashtra CM Uddhav Thackeray to chair the cabinet meeting at 5 pm today: CMO

2:42 PM

PVR restarts capex cycle, plans to open 125 screens in FY23

Leading multiplex chain operator PVR expects the movie exhibition industry to bounce back "dynamically" in FY23 and plans to open as many as 125 screens during the year, its highest ever tally in a year.

According to the company's latest annual report, PVR, which is merging with rival Inox Leisure, expects the process to be completed this fiscal.

As per the terms of the merger, its Chairman and Managing Director Ajay Bijli will be the Managing Director and Joint Managing Director Sanjeev Kumar will be the Executive Director, respectively, of the combined entity PVR INOX for a term of five years.

2:38 PM

SC refuses to entertain pleas challenging validity of legal scheme for election of prez

The Supreme Court on Wednesday refused to entertain two separate pleas challenging the validity of a legal scheme envisaging that a candidate for election of the President must be subscribed by at least 50 MPs or MLAs as proposers and 50 as seconders respectively, saying filing of such cases at the time of polls is not a healthy practice.

A vacation bench comprising justices Surya Kant and J B Pardiwala was hearing separate pleas filed by Delhi resident Bam Bam Maharaj Nowhattia and Dr Mandati Thirupathi Reddy, a native of Prakasam district in Andhra Pradesh on the issue.

The petitioners alleged that the provisions, especially section Section 5 B (1) (a) of the Presidential and Vice-Presidential Elections Act, 1952, bars a person from contesting the presidential polls if the candidature is not signed by 50 lawmakers as proposers and 50 as seconders respectively.

2:37 PM

NATO refits in Eastern Europe against Russia

NATO leaders say bolstering the alliance's forces in Eastern Europe as a bulwark against Russia is a key priority for the Madrid summit.

British Prime Minister Boris Johnson said as he arrived for talks Wednesday that NATO needed to learn the lessons of the last few months and the need for NATO to revise its posture on its eastern flank.

Polish President Andrzej Duda said NATO's commitment to greatly increase its rapid reaction force for members nearest to Russia will make Europe safer.

2:24 PM

G-7 Grapples for Ways to Punish Russia While Taking on China

Group of Seven nations agreed to stick by Ukraine to the bitter end and ratchet up the cost to Russia of its aggression, while leaving much of the detail of how to do so unresolved.

 

At the conclusion of a G-7 summit in Germany, leaders stressed their “unwavering commitment” to the government and people of Ukraine, and made clear their determination to make Vladimir Putin pay for his invasion.

 

“We will continue to impose severe and immediate economic costs on President Putin’s regime for its unjustifiable war of aggression against Ukraine,” the G-7 said in their final statement released Tuesday.

 

2:09 PM

Venugopal agrees to continue as A-G for three more months

Senior advocate K K Venugopal has agreed to continue as the Attorney General for India for three more months following a request by the central government, government sources said on Wednesday.

His present tenure was to end on June 30.

Venugopal, the sources said, was not willing to continue in the constitutional post due to "personal reasons". But following a request by the central government, he has agreed to continue as the top law officer of the Union of India for three more months.

1:53 PM

India's first indigenous mRNA vax Gemcovac-19 likely to be available soon

Gennova Biopharmaceuticals, a subsidiary of Emcure Pharmaceuticals, announced that its mRNA vaccine - Gemcovac-19 - against Covid-19 received the Emergency Use Authorization (EUA) from the office of the Drugs Controller General of India (DCGI).

Gemcovac-19 is the very first mRNA vaccine developed in India and only third mRNA vaccine to be approved for COVID-19 in the world.

Gennova Biopharmaceuticals Ltd aims to produce around 4 - 5 million doses per month and this capacity can be quickly doubled.

 

1:45 PM

Rebel MLAs 50-strong, claims dissident Shiv Sena leader Eknath Shinde

Dissident Shiv Sena leader Eknath Shinde claims he has support of 50 rebel MLAs, reports PTI