After threat email seeking Rs 20 crore, Mukesh Ambani receives second email with Rs 200 cr demand
The first email, seeking Rs 20 crore along with a threat of shooting him dead if the demand was not met, was received on Friday. On Saturday, this unidentified man sent a threat email seeking Rs 200 crore, the official said. A case has been registered under Indian Penal Code (IPC) sections 387 (putting a person in fear of death or of grievous hurt in order to commit extortion) and 506 (2) (criminal intimidation) and a hunt is underway to nab the accused. Key Points
Economic TimesSC reserves verdict on pleas seeking legal validation for same-sex marriage
A five-judge Constitution bench headed by Chief Justice D.Y. Chandrachud reserved its judgment after a 10-day hearing in the matter. Key Points
The HinduDunkin' sued over 'toilet explosion' which left customer filthy and injured in Florida
Dunkin' faces a lawsuit as Paul Kerouac claims severe injuries from an exploding toilet at a Florida branch. seeking over $100,000, Kerouac reported bodily harm and mental health needs after the incident. The lawsuit outlines the distressing aftermath, where Kerouac sought help while covered in waste. Dunkin' remains unresponsive to queries regarding the recurring toilet issue mentioned in the lawsuit, which could highlight accountability in managing restroom facilities. Key Points
Economic TimesStocks in news: South Indian Bank, Coal India, HDFC Life, SAIL, Adani Green
South Indian Bank has finalised the candidates for the post of MD and CEO of the Bank. The lender will submit the application to the RBI seeking approval for the same. Key Points
Economic TimesCourts cannot direct govt to notify law passed by Parliament, says SC
The Supreme Court of India has dismissed a Public Interest Litigation (PIL) seeking the implementation of certain provisions of the Insolvency and Bankruptcy Code. The court stated that it is the government's responsibility to notify laws passed by Parliament and that it cannot direct the government in this matter. Key Points
Economic Times
Reliance files for record ₹20,000 crore bond sale
Mukesh Ambani’s Reliance Industries Ltd. is seeking to raise as much as ₹20,000 crore via rupee-denominated bonds. Key Points
Hindustan TimesKarnataka HC stays investigation into poll code violation case against BJP chief Nadda
The High Court of Karnataka has stayed the investigation against BJP national president JP Nadda for allegedly violating the model code of conduct in an election speech during the recent Karnataka Assembly polls. The criminal petition filed by Nadda seeking to cancel the case registered against him by the Harappanahalli police was heard by a single judge bench of Justice M Nagaprasanna that gave an interim order staying the investigation on Friday and adjourned the hearing of the petition to July 21. Key Points
Economic TimesNCLT tells Go First Airlines there is no scope for interim moratorium
The Delhi National Company Law Tribunal has stated that there is no provision for an interim moratorium under the Insolvency and Bankruptcy Code (IBC) while hearing a petition by Go First Airlines for seeking an interim moratorium. The tribunal bench mentioned that there is only a provision for absolute moratorium under IBC. Go First Airlines is seeking a comprehensive debt restructuring, and it is not a malicious petition to avoid payments of dues. Key Points
Economic TimesPakistan House passes Bill to meet IMF demands
Pakistan’s National Assembly on Tuesday unanimously passed a money bill aimed at raising tax revenues to fulfil the demands set by the International Monetary Fund (IMF) for seeking a USD 1.1 billion loan facility to avoid an economic meltdown. Key Points
The Tribune IndiaGST Council may consider pan-India rollout of biometric-based authentication for registration: CBIC
Goods and Services Tax (GST) authorities have so far been using OTP-based Aadhaar authentication to establish the identity of the applicants, seeking registration. Since the launch of GST on July 1, 2017, tax officers have detected fake ITC of Rs 1.42 lakh crore and recovered Rs 13,000 crore. As many as 1,350 people have been arrested for defrauding the exchequer. Key Points
Economic Times
Disney Star, Viacom18 to fight it out on IPL ad pitch amid merger talks
Disney Star and Viacom18 are competing for advertising dollars in IPL 2024. They are also in non-binding merger talks. Disney Star seeks sponsorships for SD and HD channels, with spot buy rates of '12.8 lakh and '5.45 lakh per 10 seconds. Key Points
Economic TimesPleas seeking legal recognition of same-sex marriage reflects urban elitist views: Centre tells Supreme Co
The Indian government has told the country's Supreme Court that any legal recognition of same-sex marriage would require legislative change, and that it was the competent legislature and not judicial bodies who should decide the issue. An application has been submitted to the court, questioning its jurisdiction if it were to prayer the judicial creation of a social institution, which the government says would seriously affect the interests of every citizen. Key Points
Economic TimesOnline astrology platforms see a boom! Why young professionals, startup founders are seeking career guidance
India Business News: Discover how online astrology platforms are helping young professionals and startup founders navigate career challenges. Find out why they are seeking career guidance and what they are curious about. Learn about the growth of astrology platforms and their revenue increase. Get insights into the future prospects and concerns of these individuals. Key Points
Times Of IndiaHDFC Bank seeks Singapore bank license to grow overseas
HDFC Bank, India's largest private sector lender, is seeking approval for a banking license in Singapore. The bank aims to tap into the Indian diaspora in Singapore for savings and term deposits, as well as cross-sell products like mortgages. HDFC Bank already has a presence in London, Hong Kong, and Bahrain. With a customer base of 93 million, the bank is expanding its reach overseas after a merger with Housing Development Finance Corp. last year. Key Points
Economic TimesSC judge Sanjiv Khanna recuses from considering review pleas on same-sex marriage
Supreme Court judge Sanjiv Khanna has recused himself from considering pleas for review of the apex court's judgement last year, which declined legal recognition to same-sex marriage. Khanna cited personal reasons for his recusal. The recusal would require reconstitution of a fresh five-judge constitution bench by Chief Justice D Y Chandrachud for considering the review pleas. Key Points
Economic Times
Holiday home demand tapers off as rentals fall
Goa is becoming a first-home market with interest from businessmen and startup founders. Luxury second homes are in demand, especially in locations like Porvorim. Coonoor Estates is developing high-end luxury homes for buyers looking to settle down. Key Points
Economic TimesET maintains top spot in February 2024 in business & financial news segment
In February 2024, Comscore data reaffirmed EconomicTimes.com's status as the top Indian website choice globally for individuals seeking business, market, and financial news, with 31.53 million Unique Visitors from India and the USA. Key Points
Economic TimesNHRC issues notice to DGCA over wheelchair passenger death
India Business News: The National Human Rights Commission (NHRC) has issued a notice to the Directorate General of Civil Aviation (DGCA) over the death of a wheelchair passenger at the Mumbai airport. The NHRC is seeking a report on the incident and steps taken to prevent such incidents in the future. Key Points
Times Of IndiaOverseas buyers see 'Vision' in Apple's new offing; it's being resold for $5,000
On Japan's Mercari marketplace, the base 256 GB model sold for $5,400, sellers on China's Taobao are asking $5,000 and there's one seller on Singapore's Lazada seeking $6,300 for the device. In Hong Kong's bustling Mong Kok, an electronics importer specialising in getting gadgets early, asks for $4,580, with the price shifting on a daily basis. His advice: best to wait. Key Points
Economic TimesHDFC Bank seeks Singapore bank license to grow overseas after landmark merger
HDFC Bank Ltd, India’s biggest private sector lender, is seeking to open its first branch in Singapore, signaling its overseas ambitions after sewing up a landmark merger with mortgage financier Housing Development Finance Corp. last year. Key Points
mint
US court denies Gupta’s plea for defence material
A judge in the United States has denied a request for defence materials by Indian national Nikhil Gupta, charged by federal prosecutors in a murder-for-hire... Key Points
The Tribune IndiaTuesday coldest day in Delhi with 5.3°C ; Kanpur and Agra go down to 1°C
According to the India Meteorological Department (IMD), Delhi experienced its coldest day this winter on Tuesday, with the minimum temperature dropping to 5.3°C. It was still colder in neighbouring Uttar Pradesh, with the minimum temperatures in Kanpur and Agra dropping below freezing point -- at 1.1 and 1.0°C respectively. Key Points
Economic TimesTelangana Assembly Election Result 2023: Congress takes early lead in state, KCR trails in Gajwel, Kamareddy
Telangana CM K Chandrashekar Rao, who is seeking a third term as MLA from the Gajwel assembly seat, is trailing. He also trailing from the Kamareddy constituency. Key Points
Business TodayHuawei and Alibaba among companies seeking Chinese deepfake approvals
China's cyberspace regulator has received 110 applications from Chinese technology companies such as Huawei (HWT.UL) and Alibaba (9988.HK) for approvals related to models that can be used to manipulate visual and audio data. Key Points
ReutersGazprom arm seeks foreclosure on Deutsche Bank Russia businesses -court document
A subsidiary of Kremlin-owned gas giant Gazprom (GAZP.MM) is seeking foreclosure on Deutsche Bank's (DBKGn.DE) Russian businesses over unpaid bank guarantees, court documents filed at a St Petersburg court show. Key Points
Reuters