BUSINESS
Britain's inflation hits fresh 40-year high as fuel, food prices surge
On a monthly basis, the country's CPI rose by 0.8 per cent in June 2022, compared with a rise of 0.5 percent in June 2021, according to the Office for National Statistics (ONS). The increase in annual inflation was driven by rising fuel and food prices, and these were only slightly offset by falling second-hand car prices, said Grant Fitzner, ONS chief economist.
Noida Supertech Twin Towers to be demolished on August 21
On Tuesday, a meeting was held between Noida Authority and Edifice Engineering company in which people from the apartment association were included. Edifice Engineering has submitted a report in which it said the twin towers will be demolished at 2.30 p.m. on August 21. During the meeting, Edifice Engineering provided information about preparations for demolishing the towers What has been done and what is left.
Twitter can also be made liable for fraudulent disclosure on bots, thinks Musk
In a tweet to Musk, a follower wrote to Musk that under the SEC Rule 10b-5, Twitter "can be liable for omissions of or misleading material facts. Waiving due diligence does not mean you have to accept a fraudulent disclosure (understated bots)". To establish a claim under Rule 10b-5, plaintiffs (including the SEC) must show manipulation or deception (through misrepresentation and/or omission), among other rules.
Maruti Suzuki India's mid-sized SUV Grand Vitara for global markets
At the global unveiling of the new SUV here on Wednesday Hishashi Takeuchi, Managing Director and CEO told the media that the new model will be produced only in India and will be exported to different markets. He also said the mid-sized SUV will be exported to Middle East, South American and African countries and it will not replace any other model anywhere in the world.
India's largest floating solar power project becomes operational in Telangana
Energy conglomerate National Thermal Power Corporation (NTPC) has set up the 100 megawatt (MW) plant through Bharat Heavy Electricals (BHEL) under Engineering, Procurement and Construction (EPC) contract. With the commercial operation of the final part capacity of 20 MW, the plant has been fully commissioned at Ramagundam in Peddapalli district.
Over 13 lakh electric vehicles in use in India: Centre tells Lok Sabha
Krishan Pal Gurjar said that the Centre is taking a number of steps to promote use of electric vehicles in India. The minister, in his reply, said that the government introduced the Faster Adoption and Manufacturing of (Hybrid and Electric Vehicles in India (FAME India) scheme in 2015 with an aim to reduce dependency on fossil fuels and address issues of vehicular emissions. At present, Phase-II of FAME India Scheme is being implemented for a period of 5 years with effect from April 1, 2019 with a total budgetary support of Rs 10,000 crore, he added.
CBI wanted to know about Ken Fong's letters: Sucheta Dalal on NSE scam case
In her statement to the media, Dalal said she had told everything to the CBI. She said that Abhinav Khare, SP CBI, and Pushpal Paul had contacted her to seek the information. "Just before the New Delhi meeting, I was told that they wanted to record my statement before Pushpal Paul. On asking Mr Khare, he told me that it was about 'Ken Fong'. This is the name used by the whistleblower.
Russian gas shutdown would send some EU countries into recession: IMF
Amid speculation that Russian President Vladimir Putin will keep the Nord Stream 1 pipeline closed when routine annual maintenance ends later this week, the IMF said Europe lacked a comprehensive plan to cope with shortages, further increases in energy prices and the impact on growth, The Guardian reported. The Washington-based fund identified Hungary, Slovakia and the Czech Republic as the three EU countries likely to suffer most, but said that Italy, Germany and Austria would also suffer significant effects, the report said.
After IndiGo bans top CPI-M leader, airlines' bus confiscated for tax dues
The bus, which operates in Kozhikode airport, was impounded by the MVD around noon on Tuesday. The airlines was told that once it pays the dues along with the fine, the bus will be released. Chief Minister Pinarayi Vijayan on Tuesday slammed IndiGo Airlines for imposing a three-week travel ban on Jayarajan.
No GST on food items when sold loose, clarifies Sitharaman
The Finance Minister released a list of items that will not attract any GST, when sold loose, and not pre-packed or pre-labeled. In a series of tweets, she said: "Recently, the GST Council in its 47th meeting recommended to reconsider the approach for imposition of GST on specified food items like pulses, cereals, flour, etc.
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