New Delhi, 22/6: The International Monetary Fund has reached its target of making $100 billion in special drawing rights available for vulnerable countries, Managing Director Kristalina Georgieva told a summit held in Paris on Thursday. Rich countries agreed in 2021 to rechannel some of their unused IMF special drawing rights, an international reserve currency, to…
New Delhi, 22/6: In a significant decision, the Delhi High Court has upheld a commercial court judgement that stated that awards passed by unilaterally appointed arbitrators are not executableIt is seen as an important development in arbitration and alternate dispute resolution in India as execution of such an award was refused by Commercial Court even…
Tripura, 22/6: The Tripura government has approved allotment of a Type-IV bungalow for 91-year-old Lakshmi Singh, wife of state’s first chief minister Sachindra Lal Singh, an official said on Thursday. Singh’s wife had recently requested Chief Minister Manik Saha for a residence since she did not have one. “When the request of 91-year-old Mrs…
Washington DC, 22/6: Prime Minister Narendra Modi and US President Joe Biden will on Thursday announce a mega deal on the purchase of General Atomics MQ-9 “Reaper” armed drones by India, the White House has said, a move which would further bolster India’s national security and surveillance capabilities not only in the Indian Ocean but…
Mumbai, 22/6: The merger between Zee Entertainment and the Indian unit of Japan’s Sony will go through, “whether or not” he is the CEO of the merged company, Punit Goenka told The Economic Times in an interview. The markets regulator has imposed a one-year ban on Zee Entertainment’s Chairman Subhash Chandra and CEO Goenka for…
Washington DC, 22/6: Stockton Rush, founder of the company that owns the missing submersible craft that was on its way to view the Titanic wreckage, has said safety is “pure waste.” “I mean if you just want to be safe, don’t get out of bed, don’t get in your car, don’t do anything,” Rush…
Washington DC, 22/6: Micron Technology’s CEO Sanjay Mehrotra on Thursday said the company is looking forward to “greater opportunities” in India after an “excellent” meeting with Prime Minister Narendra Modi, amid reports that the Union Government has cleared a proposal for the US chipmaker to set up a semiconductor testing and packing unit in the…
New Delhi, 21/5: The Supreme Court on Wednesday refused to intervene for now with the Madras High Court’s decision to consider a habeas corpus plea questioning arrest of Tamil Nadu Minister V Senthil Balaji in connection with a money laundering case in an alleged cash-for-job scam. The top court said the High Courts are robus…
Chandigarh, 21/6: The NIA on Wednesday said it has arrested a key associate of jailed gangster Lawrence Bishnoi for his alleged involvement in harbouring members of a terror syndicate involved in an RPG attack on the Punjab Police intelligence headquarters last year. Accused Vikas Singh, a resident of Uttar Pradesh’s Lucknow, had provided shelter to…
Kolkata, 21/6: A 21-year-old woman was grievously injured after her ex- boyfriend allegedly stabbed her multiple times in the city’s Survey Park area, police said on Wednesday.The man has been arrested, and the woman is fighting for life at a hospital, they said. The incident took place on Tuesday afternoon when the accused reportedly…
