News Highlights: India ever ready to play active role in peace efforts, Modi assures Zelenskyy

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5:31 PM

Calcutta HC transfers RG Kar hospital financial irregularities probe to CBI

The Calcutta High Court on Friday ordered the transfer of the probe into the alleged financial irregularities at RG Kar Medical College and Hospital from a state-constituted Special Investigation Team (SIT) to the Central Bureau of Investigation (CBI).

5:29 PM

India ready to make 'proactive contributions' to help end Ukraine conflict, Modi says

Indian Prime Minister Narendra Modi told Ukraine's President Volodymyr Zelenskyy on Friday that New Delhi had not been neutral or an indifferent bystander during the Russia-Ukraine conflict and was always on the side of peace.

5:28 PM

GSTN organising GST Analytics Hackathon to drive innovation in tax compliance

Goods and Services Tax Network (GSTN) is organising a 'GST Analytics Hackathon' to drive innovation in tax compliance through predictive analytics. The challenge invites Indian students, researchers, and professionals from startups and companies to develop a predictive model for GST analytics framework, a finance ministry statement said.

5:18 PM

Obtained sanction to prosecute Arvind Kejriwal, CBI tells court

The Central Bureau of Investigation (CBI) on Friday informed a Delhi court it has obtained sanction to prosecute Chief Minister Arvind Kejriwal and AAP MLA Durgesh Pathak in a corruption case related to the alleged excise scam. The submission was made before Special Judge Kaveri Baweja, who posted the matter for hearing on August 27.

5:11 PM

SBI able to support loan growth, lower deposit growth not a challenge: Khara

Amid concerns over the continuing gap between deposit and loan growth, SBI Chairman Dinesh Khara on Friday said it is not posing any challenges for the country's largest lender as it is able to support the uptick in advances. The bank is unwinding a part of its excess investments in government securities to arrange the required resources to support the loan growth, Khara told reporters here.

5:02 PM

Foxconn infuses Rs 1,200 crore in Karnataka unit

Electronics manufacturing giant Foxconn has infused about Rs 1,200 crore -- approximately $144 million -- into its Karnataka-based Foxconn Hon Hai Technology India Mega Development Pvt Ltd, the company said in a recent regulatory filing. The iPhone contract manufacturer's Singapore-based arm Foxconn Singapore Pte has bought over 120.35 crore stocks of Foxconn Hon Hai Technology India Mega Development Pvt Ltd at Rs 10 per share on August 21.

4:44 PM

None from NCP (SP) keen on being projected as CM face, seat-share talks on Aug 27: Pawar

Amid Shiv Sena (UBT)'s push for the opposition MVA to declare its chief ministerial candidate in Maharashtra, Nationalist Congress Party (SP) president Sharad Pawar on Friday insisted no one from his party was interested in getting projected for the top post and instead they were focused on effecting a change of government in the poll-bound state.

4:43 PM

PM Modi highlights Gandhi's message of peace ahead of talks with Zelenskyy in Ukraine

Prime Minister Narendra Modi on Friday underscored the relevance of Mahatma Gandhi's eternal message of peace in building a harmonious society, as he paid floral tribute to the statue of the iconic Indian leader here in war-torn Ukraine. Modi arrived here earlier in the day after a nearly seven-hour trip from Poland to hold talks with President Volodymyr Zelenskyy amid Kyiv's fresh military offensive into Russian territory. Modi paid floral tribute to Mahatma Gandhi's statue in ‘Oasis of Peace' park in Kyiv.

4:29 PM

Bikaji Foods International acquires majority stake in Ariba Foods

Snacks manufacturer Bikaji Foods International on Friday said it has acquired majority stake in Ujjain-based Ariba Foods, which specialises in snacks and frozen foods. Bikaji Foods International has acquired a 55 per cent equity stake in the company totalling Rs 60.49 crore, which will help Bikaji to enhance its frozen food production capabilities and expand its market presence, according to a joint statement.

4:27 PM

Tripura has enough food stock despite flood: Minister

Tripura has adequate stock of food items and fuel despite severe flooding in the northeastern state, a minister said on Friday. At least 22 people have died due to landslides and flood-related incidents since Monday and over 65,000 people have been displaced.

4:19 PM

HC restrains political parties or individuals from calling for Maharashtra bandh

The Bombay High Court on Friday restrained political parties or even individuals from calling for a Maharashtra bandh. The opposition Maha Vikas Aghadi (MVA) alliance has called for a shut-down across the state on August 24 to protest against the alleged sexual assault of two kindergarten girls at a school in Badlapur in Thane district..

4:18 PM

14 people killed, 16 injured as Indian-registered bus plunges into river in Nepal

At least 14 people were killed and 16 others injured after an Indian tourist bus veered off the highway and fell 150 metres into the fast-flowing Marsyangdi River in central Nepal on Friday, authorities said.

4:16 PM

Jay Shah poised to succeed Greg Barclay as ICC Chair, backed by multiple cricket boards

4:14 PM

15-year-old boy drowns in waterlogged road in central Delhi

A 15-year-old boy drowned in a waterlogged road near The British School in central Delhi's Chanakya Puri area following heavy rain in parts of city on Friday, officials said. The deceased, Sourabh, lived with his family at the Vivekanand Camp in the same area, the police said. According to the police, Sourabh and some of his friends were playing in the rain on the waterlogged road near the British School when he accidently ventured into deep water and drowned.

4:03 PM

Sebi asks CAs to be 'extra careful' while auditing listed SMEs

Sebi's whole-time member Ashwani Bhatia on Friday asked chartered accountants to be more diligent while auditing companies listed on the SME exchange platforms. Addressing an industry event of CAs, Bhatia said it is important to look at the listed SMEs (Small and medium-sized enterprises) in a more careful way because the same companies will grow to be a part of the main board in the future.