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Shyam Benegal, Indian director and screenwriter at International Film Festival of Kerala 2016

Adani Group on Monday said it will acquire aviation maintenance, repair and overhaul (MRO) services firm Air Works for an enterprise value of Rs 400 crore.
"Adani Defence Systems & Technologies Ltd (ADSTL) has signed a share purchase agreement to acquire 85.8 per cent shareholding in Air Works, India's largest private sector MRO company with the largest pan-India footprint," the conglomerate said in a statement.
With operations spanning 35 cities and a workforce of over 1,300 personnel, Air Works brings extensive expertise in servicing both fixed-wing and rotary-wing aircraft.

Adani

On the instructions of Chief Minister Yogi Adityanath, the Uttar Pradesh State Industrial Development Authority has fast-tracked several key infrastructure projects in the industrial areas of Surajpur in Gautam Buddh Nagar district, officials said on Friday.
The initiatives aim to bolster industrial growth, attract large investors, and contribute to Uttar Pradesh's ambition of becoming a USD 1 trillion economy, according to UPSIDA Chairman Mayur Maheshwari.
Speaking on the developments, Maheshwari, a senior IAS officer, said, "Under the leadership of Chief Minister Yogi Adityanath, UPSIDA is continuously working to upgrade the state's industrial infrastructure.
"These projects will not only benefit industrialists in the region but also the local population, fostering economic growth and job opportunities," he said.
A major aspect of the UPSIDA's push is the fast-tracked development of key infrastructure in Surajpur. One of the focal points of the ongoing improvements is the ...

Yogi Adityanath, yogi, UP CM

France's anti-terrorism court convicted eight people on Friday of involvement in the beheading of teacher Samuel Paty in 2020.
Paty was killed near Paris on October 16, 2020, days after showing his class cartoons of the Prophet Muhammad during a debate on free expression. The assailant, an 18-year-old Russian of Chechen origin, was shot to death by police.
Those convicted were accused, in some cases, of providing assistance to the perpetrator and, in others, of organising a hate campaign online before the murder took place.
The shocking death of the 47-year-old Paty left an imprint on France, and several schools are now named after him.
The convicts include friends of assailant Abdoullakh Anzorov who allegedly helped purchase weapons for the attack and the father of a schoolgirl whose lies started the fatal spiral of events.
The attack occurred against a backdrop of protests in many Muslim countries and calls online for violence targeting France and the satirical French newspaper

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The Municipal Corporation of Delhi (MCD) has issued an order to identify illegal Bangladeshi migrant children in schools and to ensure that no illegal Bangladeshi migrants are issued birth certificate.An order has also been issued for all zones to take appropriate action to remove encroachment made by illegal Bangladeshi migrants.A VC meeting was held under the chairmanship of Principle Secretary Home, GNCTD on December 12 wherein, Addl. Commissioner (HQ) and DC (HQ) represented the Commissioner, MCD.Accordingly, as discussed during the VC meeting, respective concerned Head of Departments and Zonal Authorities of MCD were requested to take certain preventive measures."Education Department to take appropriate preventive measures to identify illegal Bangladeshi Migrants while giving admission in Municipal Schools. It is also requested that proper identification  &  verification drive may also be undertaken to identify the illegal Bangladeshi migrant children in schools," B P ...

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"This is a national tragedy, violating the spirit of the Good & Simple Tax the GST was meant to be," says former chief economic adviser Arvind Subramanian

popcorn

GST Council on Saturday agreed to issue a clarification on taxation of popcorn, saying that pre-packed and labelled ready-to-eat snacks will attract a 12 per cent tax while an 18 per cent GST will be levied if it is caramelised.
There is no change in the tax rate of popcorn and the GST Council has only agreed that the Central Board of Indirect Taxes and Customs (CBIC) will issue a circular clarifying the current taxation regime of popcorn.
"Ready-to-eat popcorn", which is mixed with salt and spices, and has the essential character of namkeens currently attracts a 5 per cent GST if it is not pre-packaged and labelled.
If it is supplied as pre-packaged and labelled, a 12 per cent GST is levied.
However, when popcorn is mixed with sugar (caramel popcorn), its essential character changes to that of a sugar confectionary, and would therefore be classifiable under HS 1704 90 90 and attract an 18 per cent GST, as per the clarification.

Just before the clock strikes midnight, a world of cinema opens at TIFF

Amid controversy over Home Minister Amit Shah's remarks on Ambedkar, Kejriwal launches Dr Ambedkar Samman Scholarship, pledging support for Dalit students pursuing studies abroad

Kejriwal, Arvind Kejriwal

Here are the best of Business Standard's opinion pieces for today

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The House Ethics Committee on Monday accused Matt Gaetz of regularly paying women, including a 17-year-old girl, for sex and purchasing and using illicit drugs all while the Florida Republican was a member of Congress.
The 37-page report by the bipartisan panel includes explicit details of sex-filled parties and vacations that Gaetz, now 42, took part in while representing Florida's western panhandle. The findings conclude that he violated multiple state laws related to sexual misconduct while in office.
The Committee determined there is substantial evidence that Representative Gaetz violated House Rules and other standards of conduct prohibiting prostitution, statutory rape, illicit drug use, impermissible gifts, special favours or privileges, and obstruction of Congress, the report states.
The report brings to a close a nearly five-year investigation into Gaetz. Its release comes after at least one Republican joined all five Democrats on the panel earlier this month in a secret vo

US Congressman Matt Gaetz | Photo by Gage Skidmore on Flickr

Matt Gaetz

Notes due in 2036 fell 0.7 cent on the dollar and the cost of insuring against a sovereign default jumped to the highest level since February on a closing basis amid thin trading, according to pricing

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The rating agency's arm said that India's recent consumer price inflation at around 5 per cent was without clear evidence of a trend towards slowing price pressures

Most GCCs in India support critical business goals by using AI, data analytics, robotic process automation, and cloud services

India ranked third globally in terms of funding raised by fintech companies, behind the US and China, the report said

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Adani to acquire 85.8% stake in Air Works for Rs 400 cr enterprise value

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