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That's all for today, readers. Thanks for staying on with our coverage of the day's action. Your enthusiasm encourages us to better our coverage every day. Do come back tomorrow for more news, views and insights.
A parliamentary panel looking into the breach of data by Cambridge Analytica today asked the government to ensure that Indian users should not be forced to sign terms of consent on social media platforms. The Parliamentary Standing Committee on Information Technology headed by BJP MP Anurag Thakur was briefed by the Union Home Secretary Rajiv Gauba and other senior officials on the subject of citizens' data security and privacy.
After Prime Minister Narendra Modi attacked Rahul Gandhi today for publicly declaring his prime ministerial ambition, BJP's bickering ally Shiv Sena said it was the Congress president's democratic right to express his stand and no one should make fun of it. Speaking to reporters here, Sena's Rajya Sabha member Sanjay Raut also said that his party considers NCP president Sharad Pawar a worthy candidate for the prime minister's post.
The Enforcement Directorate has attached assets worth Rs 14.48 crore of Yadav Singh, a former chief engineer of Noida and Greater Noida in Uttar Pradesh, in connection with a money laundering case, the probe agency said. The central probe agency issued a provisional order under the Prevention of Money Laundering Act (PMLA) and attached assets of the former bureaucrat and his wife Kusum Lata in Gautam Budh Nagar, Nainital, Agra, Delhi and Greater Noida, apart from Rs 29.46 lakh deposits kept in a bank account.
Flipkart's co-founder Binny Bansal today told his employees that the Walmart deal is the most significant and positive development for the company and the Indian users. Bansal added the financial investment will only impact the shareholding in company and both the firms will continue to operate as distinct brands and maintain their own operating structures.
With President Donald Trump junking the landmark nuclear deal with Iran, the US will now reimpose the stringent sanctions it placed on Tehran before the 2015 agreement and is considering new penalties, the US media reported today. Trump yesterday argued that the deal struck by the previous Obama administration and world powers was "defective at its core" and that he would pull out and reimpose sanctions on Iran, the world's fifth-biggest oil producer.
Canada Pension Plan Investment Board (CPPIB) and Allianz Capital Partner will pick up 55 percent units in India's first private infrastructure investment trust, sponsored by a subsidiary of Larsen & Toubro. CPPIB and Allianz Capital Partners (ACP), on behalf of Allianz insurance companies, announced that they are acting as anchor investors in the trust, IndInfravit Trust.
Technology firm ThoughtSpot today said it has raised USD 145 million in Series D funding which will be used for expanding global business and strengthening R&D manpower. The firm, which is player in search and artificial intelligence-driven analytics for enterprises, said it is looking to grow its R&D centres in Palo Alto, Seattle, Dallas and Bengaluru.
The San Francisco-based wearable manufacturer Fitbit today launched its second smartwatch Fitbit Versa in the domestic market, expanding its offering. Priced at Rs 19,999, Versa will be available in three colour variants from May 13, across Reliance Digital, Croma, Helios and other major offline retailers and online on Amazon, the company said.
Ministry of New and Renewable Energy today said India's installed clean energy capacity has already touched 70 GW and 38 GW is under implementation as per the data compiled till March 31. The 70 GW installed renewable energy capacity in the country is double of the capacity four year back, a Ministry of New and Renewable Energy statement said. The MNRE also said that around 56,000 solar power pumps were installed in the last financial year, which is highest ever in a single year.
Yemen's Houthis fired a salvo of ballistic missiles at Saudi Arabia's capital on Wednesday - an attack Saudi authorities said they intercepted in the skies over Riyadh. The assault took place a day after Saudi Arabia's top Western ally the United States pulled out of a deal with Iran over its disputed nuclear programme and could signal an uptick in tensions between Riyadh and regional rival Tehran.
ICICI Bank has said it has not received any communication from the Reserve Bank with regard to allegations of impropriety faced by its managing director and chief executive Chanda Kochhar. "No communication to us, that is what we can say now," executive director NS Kannan told analysts over the customary post-earnings call on Monday, transcripts of which were posted on its website by the bank this evening.
