The Bombay high court on Monday said no coercive steps shall be taken against IRS officer Sameer Wankhede till April 10 on notices issued to him on the NCB's preliminary inquiry over irregularities in a drugs case related to actor Sushant Singh Rajput's death.
The year was rich in content as far as Web series were concerned.
Russian authorities on Wednesday resumed search operation for 10 missing sailors, including four Indians.
India's trade deficit with Russia continued to widen for the second consecutive year to $57 billion in the financial year 2023-24 (FY24), with Moscow becoming New Delhi's largest source of crude oil imports. All eyes will now be on Prime Minister Narendra Modi's visit to Russia during July 8-9, where he is set to meet President Vladimir Putin. This will be Modi's first visit to the Kremlin since the Russia-Ukraine conflict began over two years ago.
Closely watched by the world for any escalation, the Iran-Israel conflict is already showing early signs of stress for India Inc - longer deliveries, doubling freight rates, extended working capital cycles, and higher costs. For those yet to feel the heat, there is growing apprehension and nervousness over future developments, observed industry executives.
India's exports to Iran have been falling over the last one year, amid decline in rupee reserves of the West Asian economy. Going ahead, the possibility of augmenting exports to Iran may not be easy for India, considering the geopolitical tensions - Russia-Ukraine and Israel-Hamas conflicts - and the West Asian country's support for Russia and Hamas, people aware of the matter said. Exports to Iran saw a downward spiral since November last year.
Wankhede, a 2008-batch Indian Revenue Service (IRS) officer of the Customs and Indirect Taxes cadre, has moved the Bombay High Court seeking protection from any coercive action by the anti-money laundering agency.
The central government's Great Nicobar development project, proposed around an unprecedented transhipment port, will be executed to keep environmental impact minimal, and is essential as it is of national importance, the government has said amid calls to abort the controversial project due to ecological concerns, the Centre said in an official statement.
The trade to-and-from India so far is not affected. But if the situation continues to remain the same for the next two to three months, it could definitely hurt India trade, including essential cargo.
The government has banned exports of onion till March next year with a view to increase domestic availability and to keep prices in check. "Export policy of onions... is amended from free to prohibited till March 31, 2024," the Directorate General of Foreign Trade (DGFT) said in a notification. Local vendors in the national capital are selling onions at Rs 70-Rs 80 per kg.
China on Monday signed a defence cooperation agreement with the Maldives to provide free military assistance to foster "stronger" bilateral ties with Male, weeks after President Mohamed Muizzu set a deadline for the withdrawal of the first group of Indian military personnel from his island nation.
India's internet economy is estimated to reach $1 trillion by 2030, primarily due to e-commerce, which is expected to be worth $325 billion and rank third globally, according to industry experts. Last year marked a crucial turning point for India's e-commerce sector, with notable changes in consumer trends, technology, and regulations. InGovern Research Services, a leading corporate governance advisory firm, hosted a virtual roundtable to deliberate on the notable developments in India's e-commerce sector in 2023, with a particular focus on the essential role of customer trust in fueling its ongoing expansion.
The ICG and Gujarat Anti-Terrorist Squad apprehended the fishing boat in a joint operation in the high seas on Sunday afternoon, the coast guard said in a release in Ahmedabad.
Seventeen containers on board amerchant vessel slipped off Okha West and began floating in sea prompting the Gujarat Maritime Board to sound an alert for ships approaching Gulf of Kutch, a major corridor for crude oil imports.
Twenty one Indian sailors aboard the ship MV Fairchem Bogey, which was hijacked last August, have been released by the pirates, the Directorate General of Shipping said on Saturday. This is the second piece of good news for the Indian seafaring community within a fortnight. Seventeen sailors from a hijacked Iranian ship had been released late in December. "All the 21 sailors are safe and the ship is now on its way to a safe port," said Director General of Shipping.
The government on Thursday banned exports of non-basmati white rice to boost domestic supply and keep retail prices under check during the upcoming festive season. There would be no change in export policy of par-boiled non-basmati rice and basmati rice, which forms the bulk of exports, the food ministry said in a statement. Non-basmati white rice constitutes about 25 per cent of total rice exported from the country.
A Turkish oil-chemical tanker with an all Indian crew of 24 has been hijacked by pirates off the coast of the West African nation Gabon.
The company shipped the first lot of 140 units of its hatchback Chevrolet 'Beat' from the Mumbai port to Chile last Thursday.
BSE-200 companies's list shows that 96 companies had woman directors.
The Central Bureau of Investigation on Friday conducted searches at the premises of former Narcotics Control Bureau officer Sameer Wankhede after filing an FIR against him and four others for allegedly seeking Rs 25 crore bribe for not framing Shah Rukh Khan's son Aryan Khan in the drugs-on-cruise case, officials said.
The pharmacy, identified by the federal anti-narcotics agency as JR Infinity Pvt Ltd, was located at Domalguda in Telangana's capital city.
The seizure, as per officials, is estimated to be worth over Rs 10 crore in the international market (about Rs 5K-7K per blot) and all the six who have been taken into custody, beginning late last month, are students and youngsters who wanted to make 'easy money' by remaining anonymous within the deep layers of secret internet-based apps and messenger service like WICKR.
The blast occurred in the container aboard the vessel, preparing to dock away from the Jebel Ali Port's main shipping line at around midnight.
The Gujarat Anti-Terrorist Squad has seized 75.3 kg of heroin estimated to be worth Rs 376.5 crore from a container near the Mundra port in Kutch district, an official said on Tuesday.
The Mumbai police have recovered the body of a sailor after the barge in which he was sailing sunk near Mumbai coast. "Identification of the body is in progress," the Directorate General of Shipping said.
After imposing 20 per cent export duty on non-basmati rice, the government has banned the export of broken rice with an aim to increase domestic availability, according to a government notification.
'It is notable how humble he was and didn't want anything different just because he was a Tata.'
Billionaire Mukesh Ambani on Thursday unveiled the next phase of growth at Reliance Industries Ltd, with retail and telecom worth over $100 billion each, doubling revenues and pre-tax profit in 3-4 years, new energy business becoming profitable by 2031, and core oil and chemical business continuing to be the robust growth engine. The sprawling conglomerate with interests in refining, oil and gas, petrochemicals, telecom, retail, and media is on track to more than double in size before the end of the decade, Ambani, chairman and managing director of Reliance, told company shareholders.
The arrival of Egyptian cargo vessel M V Suez, which was released by Somali pirates after ten months of captivity, has been delayed at the Omanese port of Salalah due to insufficient fuel, the directorate general of shipping said on Saturday.
The country's exports for the first time crossed the $400 billion mark in a fiscal on healthy performance by sectors such as petroleum products, engineering, gems and jewellery, and chemicals, according to the commerce ministry's data released on Wednesday. The merchandise exports rose by by 37 per cent to $400.8 billion in 2021-22 until March 21 against $292 billion in 2020-21. Previously, the outbound shipments had touched a record of $330.07 billion in 2018-19.
'It will make good sense for military men on that side of the table to be confronted by our own.'
The clean chit to Aryan Khan and five others by the Narcotics Control Bureau on Friday has once again brought the central agency's former zonal director Sameer Wankhede under the spotlight.
The Inter-Services Intelligence (ISI), which trained a batch of Assam's United Liberation Front of Asom (ULFA) militants in 1991-92, considered the rebel group's chief Paresh Baruah a prize catch and did not want to offend him even after he was unwilling to take the agency's commands on conducting operations in the northeastern state, claims a new book.
Petroleum Minister Dharmendra Pradhan on Tuesday put state-owned ONGC and OIL on notice saying oil and gas reserves they hold need to be monetised through joint ventures with domain experts or the government will take them away and auction them. Speaking at BNEF Summit, he said state-owned firms cannot indefinitely sit on resources when the nation is a net importer of oil and gas. Despite India bidding out acreages to private and other companies since the 1990s, Oil and Natural Gas Corporation (ONGC) and Oil India Ltd (OIL) hold a "sizeable number of acreage for years," he said.
In a response to the recent Mumbai terror attacks, the Union shipping ministry is planning to develop a low-cost satellite to monitor ships and vessels operating in the Indian waters. The ministry has initiated talks with the Indian Space Research Organisation (Isro) to develop the satellite.
Senior advocate K K Venugopal's name has been cleared for appointment as the Attorney General for India, following the decision of Mukul Rohatgi to step down as the top law officer.
'The decision to arrest Aryan Khan was a consensual decision, not a one-man command.'
The government will chart out a plan for the evacuation of seafarers stuck on international waters amid the Covid-19 pandemic, Union Minister Mansukh L Mandaviya has said. Thousands of Indian seafarers are currently stuck aboard cruise ships and cargo vessels in far off waters, and maritime bodies have been demanding from the government strategies for bringing them home fearing that delays might result in disruption in supply chain.
Wankhede, whose interim protection from arrest in the Central Bureau of Investigation's case of extortion and bribery against him was on Thursday extended by the HC till June 23, in his rejoinder affidavit claimed the SET has 'twisted facts and labelled false allegations to jeopardise the career and character of honest officials'.
