Hindenburg Receives Notice from SEBI Hindenburg Research, a US-based short-seller, has been issued a show-cause notice by India’s capital market regulator, the Securities and Exchange Board of India (SEBI). The notice pertains to suspected violations of Indian regulations in the context of the Adani Group case. Allegations Against Adani Group In January 2023, Hindenburg Research…
Odisha has reported a substantial increase in State GST collections for June 2024, showcasing significant economic growth and improved tax administration. The state collected ₹2,039.71 crore under State GST (OGST + IGST Settlement), up from ₹1,650.82 crore in June 2023. This marks an impressive growth rate of 23.56%. Robust Year-to-Date Growth in State GST The…
Unreturned ₹2000 Notes in the Economy The Reserve Bank of India (RBI) recently announced that ₹7,961 crore, equivalent to about $954 million, worth of ₹2000 banknotes are still in circulation. These notes have not been returned or deposited despite their withdrawal from active use. This unreturned amount represents 2.24% of the total ₹3.56 lakh crore,…
A Historic Opportunity for Indian Citizens Space Exploration and Research Agency (SERA), in partnership with Blue Origin, has opened the door for Indians to participate in a groundbreaking human spaceflight initiative. This program targets countries with limited spaceflight experience, offering a rare chance to journey into space. Blue Origin’s New Shepard Mission SERA, based in…
P.V. Sindhu is gearing up for her third Olympic journey, aiming for another medal at the Paris Games. She acknowledges how much badminton has evolved since she clinched a silver at the Rio Games eight years ago. Speaking at a Zoom press conference organized by the Sports Authority of India on Sunday, the 28-year-old noted…
A Delhi court on Monday sentenced social activist Medha Patkar to five months of simple imprisonment. This sentence is the culmination of a 24-year-old defamation case brought against her by VK Saxena, now the Lieutenant Governor of Delhi. The court also ordered Patkar to pay Rs 10 lakh in damages to Saxena. The Long-Standing Legal…
India is preparing to host the Global IndiaAI Summit 2024 in New Delhi on July 3-4. This prestigious event, organized by the Ministry of Electronics and Information Technology, aims to bring together international experts in artificial intelligence to foster collaboration and knowledge exchange. The summit underscores India’s commitment to ethical and inclusive AI development. A…
Throughout the T20 World Cup campaign, captain Rohit Sharma demonstrated unwavering focus and composure. From New York to Barbados, he kept his team motivated and united. The culmination of this journey was an emotional moment on the hallowed turf of Kensington Oval, Barbados, where India clinched the World Cup title. After the final ball was…
Union Railway Minister Ashwini Vaishnaw announced on Sunday that the Central Government has allocated ₹10,536 crore for the development of railway infrastructure in Odisha for the fiscal year 2024-25. This announcement was made during a special event in Bhubaneswar, organized to felicitate newly elected BJP MPs and MLAs. Commitment to Odisha’s Railway Growth Addressing the…
An IAS aspirant’s search for love on Tinder turned into a nightmare in New Delhi. The young man’s attempt to find a romantic connection on the popular dating app ended in a scam that cost him ₹1.2 lakh. Unbeknownst to him, he was being drawn into a meticulously planned con targeting single men. The Tinder…
