Highlights: Maharashtra CM's name to be declared on eve of govt's swearing-in on Dec 4

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10:16 PM

White House defends Biden's pardon of his son, Hunter

The White House on Monday defended President Joe Biden's decision to pardon his son, Hunter, and said the president believed his political opponents would have kept persecuting his son going forward. "They would continue to go after his son," White House spokesperson Karine Jean-Pierre told reporters on Air Force One during a trip to Angola.

9:49 PM

I feel Maharashtra will get BJP chief minister: Party's central observer Vijay Rupani

Former Gujarat Chief Minister Vijay Rupani, one of the two central observers of the BJP for its legislature party meet in Maharashtra, on Monday asserted efforts will be made to unanimously elect a leader and said he feels the neighbouring state will get a 'BJP CM'.

 

9:33 PM

US to send Ukraine $725 mn more in counter-drone systems, anti-personnel land mine

The US is preparing to send Ukraine an additional $725 million in military assistance, including counter-drone systems and munitions for its High Mobility Artillery Rocket System, which could indicate more of the longer-range missiles are headed to the battlefield.

9:07 PM

French government faces collapse after opposition says will vote no-confidence

The French government is all but certain to collapse later this week after far-right and left-wing parties said they will vote for a no-confidence motion against Prime Minister Michel Barnier. Their move came after Barnier said he would try to ram a social security bill through parliament without a vote as a last-minute concession was not enough to win support for the bill from the far-right National Rally (RN).

8:28 PM

CM Mamata Banerjee reasserts authority in TMC, calls for discipline

West Bengal Chief Minister and TMC supremo Mamata Banerjee on Monday reaffirmed her position as the ultimate decision-maker in the party, issuing a stern warning to party leaders against indiscipline and unwarranted remarks. Speaking at a legislative party meeting in the state assembly, Banerjee declared that as long as she was in charge, all key decisions in the TMC would be made by her.

8:09 PM

Firmly opposes US chip export control measures, say Chinese officials

China firmly opposes the United States' chip export control measures and has warned it will take necessary actions to firmly protect its rights, the commerce ministry said on Monday. The US has launched its third crackdown in three years on China's semiconductor industry, restricting exports to 140 companies to prevent China from accessing chips that could boost AI for military use or threaten US national security.

7:50 PM

Supreme Court bats for permanent solution to air pollution in Delhi-NCR

The Supreme Court on Monday stressed on finding a permanent solution to the issue of air pollution in the Delhi-National Capital Region, saying a similar situation arose every year between October and December. A bench of Justices Abhay S Oka and Augustine George Masih said it had perused the orders passed by the apex court from time to time in the pollution matter and it emerged a similar situation arose every year between October and December.

7:41 PM

ICRA expects sequential revenue growth for India Inc in Q3

Rating agency ICRA on Monday said it expects sequential revenue growth for India Inc in the December quarter, led by improved rural demand and uptick in government spending, additionally supported by the festival season. However, headwinds such as uneven urban demand and evolving global uncertainties could weigh on growth in the second half of the fiscal, it said.

7:23 PM

Steel ministry proposes 25% safeguard duty on import of certain steel items

Taking up the concerns of domestic steel industry, the steel ministry on Monday proposed for a 25 per cent safeguard duty on import of certain steel items into the country. The proposal came at a meeting between Union Minister of Steel H D Kumaraswamy and Commerce and Industry Minister Piyush Goyal in the national capital

6:59 PM

BJP murdering Parliament, session after session, says TMC's Derek O'Brien

As the government and the opposition reached an agreement on ending the impasse in Parliament, Trinamool Congress leader Derek O'Brien on Monday lashed out at the BJP, blaming the ruling party for the repeated adjournments in the two Houses. "BJP is murdering Parliament, session after session," the TMC's Rajya Sabha Parliamentary Party leader said.

 

6:44 PM

'Deeply regrettable': India on breach of premises of Bangladesh mission in Agartala

India on Monday described as "deeply regrettable" an incident of breach of premises at the Bangladesh assistant high commission in Agartala and said consular properties should not be targeted under any circumstances. The comments by the Ministry of External Affairs (MEA) came hours after thousands of people took out a massive rally around the Bangladeshi mission in the capital city of Tripura.

6:34 PM

GST authorities book Rs 722 cr evasion case against crypto platform Binance: MoS Finance

GST authorities have booked a Rs 722.43 crore tax evasion case against crypto exchange and Binance Group Company, Nest Services Ltd, Parliament was informed on Monday. In total, cases have been booked against 17 cryptocurrency exchanges for GST evasion of Rs 824.14 crore. Recovery of Rs 122.29 crore in interest, penalty and taxes has been made by GST authorities

6:13 PM

RBI removes ban on Navi Finserv from sanctioning, disbursing new loans

RBI has removed restrictions it had imposed on non-banking finance company (NBFC) Navi Finserv against any fresh loan sanctions and disbursals with immediate effect. Navi Finserv, started by e-commerce platform Flipkart founder Sachin Bansal, and three other NBFCs were barred in mid-October for their "usurious" pricing and charging a significant mark-up over their funding costs.

5:49 PM

Sebi orders attachment of bank, demat accounts of Reliance Big Entertainment

Capital markets regulator Sebi on Monday ordered the attachment of bank accounts as well as shares and mutual fund holdings of Reliance Big Entertainment to recover dues of Rs 26 crore. Before this, the markets watchdog on November 14 sent a notice to Reliance Big Entertainment Pvt Ltd (now known as Rbep Entertainment Pvt Ltd) and asked the entity to pay dues within 15 days in a case pertaining to illegal diversion of funds

5:24 PM

Base year for GDP calculation to be changed to FY23: Govt tells Parliament

India is set to update the base year for calculating gross domestic product (GDP) to fiscal 2023 from fiscal 2012, Minister for Statistics Rao Inderjit Singh told Parliament on Monday. An advisory committee on national accounts statistics has been formed to identify new data sources and advise on the methodology for the revised series, the minister informed lawmakers.