Highlights: Fema authority orders confiscation of Rs 252 cr assets of Chinese-controlled loan app
Latest news updates: Catch all the latest news developments from across the world here
 "Loan")
(Photo: Shutterstock)
India to review Trade in Goods Agreement with Asean by 2025; initiate mechanism for cyber policy dialogue, says PM Modi.
Tata Consultancy Services (TCS) registered a 5% rise in its consolidated net profit on Thursday, reaching Rs 11,909 crore for the second quarter ended September 2024, compared to Rs 11,342 crore in the year-ago period.
Tennis great Rafael Nadal has announced he will retire from professional tennis at the end of the season after next month’s Davis Cup Finals. “Many thanks to all,” he wrote in post on social media platform X.
Prime Minister Narendra Modi departed for a two-day visit to Laos to attend the 21st ASEAN-India Summit and the 19th East Asia Summit. PM Modi's visit to Vientiane for a two-day visit comes at the invitation of his Laos counterpart Sonexay Siphandone. Ministry of External Affairs Secretary (East), Jaideep Mazumdar, emphasised that India places immense value on all ASEAN-related mechanisms and asserted that the meeting will chart the future course of the India-ASEAN relationship. While addressing a special briefing on PM Modi's visit to Laos on Wednesday, Mazumdar said, "Prime Minister Modi will be travelling to Vientiane in Lao PDR, for the 21st ASEAN-India Summit and the 19th East Asia Summit at the invitation of Prime Minister of Lao PDR, Sonexay Siphandone. The visit will be over 10th and 11th October. We attach great significance to all ASEAN-related mechanisms. This will be the Prime Minister's tenth attendance at the ASEAN-India Summit."
Puri-New Delhi Purushotam Express was halted for over three hours at Tundla Railway Station in Uttar Pradesh early Thursday after railway authorities were alerted about some suspected terrorists travelling with explosives, according to officials. However, the information, received from an X user, turned out hoax as nothing "suspicious" was found after intense checking carried out from around 2.30 am to 6 am, they added. "Around 2.30 am, every passenger in all coaches were woken up and their luggage were checked thoroughly with metal detectors and dog squads but nothing was found," a railway official from Prayagraj Rail Division said. He added, "We received an information from an X handle that some suspected terrorists were travelling in the train with explosives, which they would plant in Air India Delhi-Leh flight. We initiated action but it turned out to be a hoax."
Haryana Chief Minister Nayab Singh Saini paid a courtesy call on Presidnet Droupadi Murmu after BJP's victory in the Haryana assembly polls. Nayab Singh Saini, taking to X, said he sought guidance of Droupadi Murmu after BJP's victory in Haryana. "On the occasion of BJP's magnificent victory in Haryana, today I made a courtesy visit to Hon. @rashtrapatibhvan respected Mrs. Draupadi Murmu ji and sought her guidance. He also praised the welfare schemes run in Haryana," CM Saini.
10:08 PM![]()
Delhi's maximum temperature settles at 34.5 degrees Celsius
The national capital experienced clear skies on Thursday, with the maximum temperature recorded at 34.5 degrees Celsius, which is normal for this time of the season, according to the weather department. Humidity in the city stood at 41 per cent at 5.30 pm, the India Meteorological Department (IMD) said.
9:56 PM![]()
Section of Samsung workers, CITU leaders detained; released later
A section of workers of Samsung India Electronics along with CITU leaders were arrested on Thursday and released later, after they tried to stage a protest near here without obtaining permission, police said. Samsung employees are on an indefinite strike since September 9 pressing for various demands including revised pay, better working conditions and registering the Centre of Indian Trade Unions (CITU) backed newly formed Samsung India Workers' Union by the state labour department.
9:51 PM![]()
US, India share vision of using technology to protect people: Garcetti
US Ambassador to India Eric Garcetti on Thursday said that the two largest democracies in the world share a vision of using technology to connect and protect their people, and as a force for good. Speaking at the US-India Science and Technology Endowment Fund 2024 Awards Reception, he said the two countries have been investing in the next generation of "magicians who will conjure up the solutions this world so badly needs".
9:51 PM![]()
HP govt to rope in IIT Mandi experts to study sinking portion of Bhimakali temple
Experts from IIT Mandi would be roped in to study the causes of sinking of a portion of the famous Bhimakali temple here and steps would be taken based on their report, Himachal Pradesh minister Vikramaditya Singh said on Thursday. A portion of the temple is sinking continuously and no repairs or additional construction should be undertaken till the experts' report is received, the public works minister said while presiding over a meeting of the Bhimakali Temple Trust in Rampur.
8:57 PM![]()
India to help ASEAN explore linking payment systems
India will share its knowledge and experiences in using digital public infrastructure (DPI) such as Aadhaar and Unified Payments Interface with the ASEAN nations and explore collaboration to address diverse challenges in education, healthcare, agriculture and climate change, a joint statement said on Thursday. In the joint statement issued after the 21st India-ASEAN summit which was attended by Prime Minister Narendra Modi, the two sides also declared that they would explore collaboration of cross-border linkages between payment systems in ASEAN and India through innovative digital solutions.
8:52 PM![]()
NFRA slaps audit firm, two auditors with fines worth Rs 2.15 cr in Coffee Day Enterprises case
The National Financial Reporting Authority on Thursday imposed penalties totalling Rs 2.15 crore on an audit firm and two auditors for lapses in relation to the statutory audit of Coffee Day Enterprises Ltd for 2019-20. Venkatesh & Co as well as chartered accountants Dasaraty V and Desikan G have been penalised by the regulator. They were members of the engagement team for the statutory audit of Coffee Day Enterprises Ltd (CDEL).
8:35 PM![]()
ED attaches assets worth over Rs 3 cr of ex-JK Grameen Bank branch manager in fraud case
The ED on Thursday said it has attached assets worth Rs 3.40 crore of a former Jammu and Kashmir Grameen Bank (JKGB) branch manager, his family members and some others in a case linked to alleged fraud with the lender. A provisional order was issued under the Prevention of Money Laundering Act (PMLA) against former bank official Ishtiyaq Ahmad Parray, (a resident of Tangbagh, Khayam, Srinagar), Tariq Ali Parray, Haseena Bano and Maqsood Ali Parray to freeze their properties located in Srinagar and a flat in Delhi's Zakir Nagar area, the agency said in a statement.
8:33 PM![]()
Fema authority orders confiscation of Rs 252 cr assets of Chinese-controlled loan app
Assets worth more than Rs 252 crore of an Indian subsidiary of a Norwegian company "controlled" by Chinese persons have been ordered for confiscation in a FEMA probe against an "illegal" money lending mobile app named 'CashBean', the ED said on Thursday. The Enforcement Directorate said an order, post adjudication, was issued on October 7 against PC Financial Services Pvt Ltd (PCFS) under the Foreign Exchange Management Act (FEMA) along with imposition of a penalty of more than Rs 2,146 crore against the said company.
7:48 PM![]()
JSW Steel partners with BHP, Carbon Clean to work on capture tech in steelmaking
JSW Steel on Thursday said it has signed a pact with BHP and Carbon Clean to accelerate the deployment of carbon capture technology in the steelmaking process. India's steel sector accounts for 12 per cent of India's greenhouse gas emissions, with an emission intensity of 2.5 tonnes of CO2 per tonne of crude steel compared to the global average of 1.9 tonnes of CO2 per tonne of crude steel, as per official estimates.
7:43 PM![]()
WTO slightly raises 2024 goods trade forecast but wary of potential setbacks
The World Trade Organisation raised its outlook for global goods trade this year slightly, but cautioned Thursday that increasing geopolitical tensions and uncertainty over economy policy pose substantial risks to its forecast. The Geneva-based WTO projected that global goods trade will increase by 2.7 per cent this year, compared with the 2.6 per cent it forecast in April. But it predicted growth of 3 per cent next year, down from the 3.3 per cent it forecast previously. Last year, the volume of world merchandise trade was down 1.1 per cent, pushed lower by high inflation and rising interest rates.
7:33 PM![]()
Centre releases tax devolution worth Rs 1.78 trillion to states
The union government on Thursday released tax devolution of Rs 178,173 crore to states including one advance instalment of Rs 89,086.50 crore in addition to regular instalments in view of the festive season. States get normal monthly devolution of Rs 89,086.50 crore.
7:17 PM![]()
Punjab Police busts narcotic network
A Amritsar jail warden and two others were arrested as the Punjab Police busted a trans-border narcotic network, officials said on Thursday. Police also recovered 4.50 kg heroin and Rs 4.32 lakh cash from their possession, said Director General of Police (DGP) Gaurav Yadav.
7:01 PM![]()
2015 riots: UP orders withdrawal of criminal case against 31 accused
The Uttar Pradesh government has ordered the withdrawal of a criminal case pending against 31 accused persons related to a riot and arson incident that occurred in 2015 during clashes between people of different communities. The incident took place under the Samajwadi Party government and was triggered by alleged disrespect to a religious poster in Darshanpurwa under the Fazalganj police station area.
6:19 PM![]()
US consumer inflation eases more than expected
The headline rate of US consumer inflation eased more than expected last month, according to government data published Wednesday, bolstering expectations that the Federal Reserve will cut interest rates next week.
6:10 PM![]()
India to review Trade in Goods Agreement with Asean by 2025: PM Modi
India to review Trade in Goods Agreement with Asean by 2025; initiate mechanism for cyber policy dialogue, says PM Modi.
Don't miss the most important news and views of the day. Get them on our Telegram channel
First Published: Oct 10 2024 | 9:15 AM IST
