Get all real-time updates on news about business and politics from India as well as the world under one platform.
The live blog session has concluded. For more news, views and updates, stay tuned with Moneycontrol.com.
Bihar Police detains Chinese woman in Bodh Gaya for allegedly overstaying in India in connection with alleged threat to Tibetan spiritual leader Dalai Lama: Senior officer
Tunisha Sharma death: Kangana Ranaut says it's "murder"
CBSE announces date sheet for class 10, 12. Exams to begin from Feb 15
Jio launches 5G services in Indore, Bhopal
CBI arrests Defence Accounts Service officer in Rs 10 lakh bribery case: Officials
Bharat Jodo Yatra has done wonders, translating into votes next challenge: Congress leader Shashi Tharoor
Vatican: Pope Emeritus Benedict XVI 'absolutely lucid and conscious' and slept well, but his condition is still serious, reports AP
Australia's Melbourne Cricket Club keen on hosting India-Pakistan Test series
Reliance Jio launches #5G services in Indore & Bhopal
OBC reservation in urban polls: Yogi govt files SLP in Supreme Court
TMC-BJP slugfest over cancellation of singer Arijit Singh's concert near Kolkata: BJP alleges Feb 18 concert was cancelled as Singh had recently sung 'rang de tu mohe gerua', which has word 'saffron', in CM Mamata Banerjee's presence; TMC claims cancellation due to G20 meeting.
IAF successfully test-fires extended-range version of BrahMos Air-launched missile
India gets 2nd consular access for ex-Navy officers in Qatari custody: MEA
Uttar Pradesh govt moves SC challenging Allahabad HC order directing it to hold urban local body elections without OBC reservation
India's current account deficit rises to 4.4 pc of GDP in Q2 as against 2.2 pc in Q1: RBI data
India July-September current account deficit $36.4 billion versus $18.2 billion in April-JuneIndia July-September current account deficit $36.4 billion versus $9.7 billion in July-September 2021
Legal action initiated in Uzbekistan; We're providing consular assistance to some linked to Indian firm there: MEA on 'cough syrup-death' row
Congress accuses govt of not fulfilling promise of doubling farmers' income, demands white paper on their earnings since 2004
Noida police arrest woman resident of posh society on charges of assaulting and keeping her domestic help hostage for nearly two months: Officials
Rupee settles flat at 82.80 (provisional) against US dollar
Apple may release an iPhone Fold in 2025
- Apple may release a foldable iPhone in 2025, according to a report from Apple Insider.
- The phone is expected to feature a flexible OLED display, and will ship with new features. The report says that there is enough evidence to suggest that the iPhone fold exists but Apple may never end up releasing it.
- The concept is currently only known about internally within Apple, and has popped up a few times in patent applications. Apple has been known to investigate new technologies through patents and testing.
Finance Minister Nirmala Sitharaman has been discharged from AIIMS, say government sources
-Sitharaman was admitted to AIIMS on December 26, with "symptoms of viral fever", sources had earlier said.
Ex-ICICI Bank CEO Kochhar & husband, Videocon founder Dhoot sent to judicial custody
- A special CBI court sent former ICICI Bank CEO and MD Chanda Kochhar, her husband Deepak Kochhar and Videocon group founder Venugopal Dhoot to 14-day judicial custody in a loan fraud case.
- The Kochhars were arrested by the Central Bureau of Investigation (CBI) last Friday. Dhoot was arrested on Monday.
- The three were produced before special judge S H Gwalani at the end of their earlier remand on Thursday.
- The CBI did not seek their custody further. The court then sent all the three accused to judicial custody till January 10, 2023. (PTI)
Tamil Nadu retains investment destination tag in 2022 with Rs 1 lakh crore investments
- Tamil Nadu known as the favoured investment destination managed to garner over Rs 1 lakh crore investments committed by various companies in 2022
- It faced the challenge arising out of various issues like Russia-Ukraine conflict or the suspension of the production at US automaker Ford near here among others
- The state signed memoranda of understanding with over 60 companies in 2022 which committed investments of Rs 1.25 lakh crore that would generate around 75,000 new jobs
- Chief Minister M K Stalin has been reaching out to investors at various platforms to make Tamil Nadu become the most attractive investment destination in South Asia and endeavour towards 'Made in Tamil Nadu' products reaching all parts of the world. (PTI)
Uzbekistan cough syrup row
- Central Drugs Standard Control Organisation (CDSCO) in contact with Uzbek drug regulator since 27 December
- Joint inspection of manufacturer Marion Biotech carried out by UP Drug Control and CDSCO team, inspection report awaited
- Marion Biotech a licensed manufacturer of Dok1 Max syrup and Tablet for export
- Samples of cough syrup taken from manufacturing premises, sent to Regional Drugs Testing Lab (RDTL), Chandigarh
PM Modi to launch projects worth over Rs 7,800 crore in West Bengal, flag off Vande Bharat Express
- Prime Minister Narendra Modi will be in West Bengal on Friday to launch development projects worth over Rs 7,800 crore in the state and flag off the Vande Bharat Express connecting Howrah and New Jalpaiguri.
- The Prime Minister's Office said Modi will also chair the second meeting of the National Ganga Council (NGC) in Kolkata.
- Among the new projects, he will lay the foundation stone and also inaugurate multiple sewerage infrastructure projects worth over Rs 2,550 crore, it said.
Commerce Minister Piyush Goyal speaks on India-Australia trade agreement
- Conservatively, we are looking at trade with Australia of $50 billion over the next five years. But we are committed to expanding the trade far beyond that. There is huge potential in the services sector. We have also talked about promoting sports, upgrading sports facilities in India, and the wine industry, apart from the traditional sectors: Goyal
-Based on the feedback we have got from the industry, the India-Australia FTA will add at least 10 lakh jobs in the next five years in India: Goyal
-We are looking forward to connecting with UK, European Union, and Canada in January over trade agreements… We hope to sign two FTAs next year:Goyal
Commerce Minister Piyush Goyal speaks on India-Australia trade agreement
- Trade agreement with Australia a “complete win-win”: Goyal
- As part of FTA, Australia has amended its law to remove double taxation for the Indian IT sector, which will help save millions and millions of dollars in the present and perhaps a billion dollars 5-7 years down the road. This will give us a competitive edge and help create jobs in the sector: Goyal
-Entering RCEP would have been the death-knell for manufacturing and other sectors of India. RCEP was nothing but a free trade agreement with China. So walkng out of RCEP was the most prudent, economic wise decision India could make: Goyal
- Coincidentally, FTAs with Australia and UAE were both finalised in 88 days: Goyal
Latest News Today Live Updates: Daily Covid Update
- 268 new cases of Covid reported in the country during last 24 hours
- 182 people recovered during the same period
- Recovery rate currently stands at 98.8%
- 3,552 active cases in the country at present
Catch all the latest updates about Covid in India and across the world, here
Latest News Today Live Updates: Marion Biotech reacts on deaths caused due to alleged contamination of cough syrups
"We regret deaths, govt is conducting enquiry. We'll take action as per the report. Samples were collected. Manufacturing of that product has been halted as of now & other processes are underway." - Hasan Raza, Marion Biotech Pharma Company legal head on syrup deaths in Uzbekistan.
(From ANI)
Latest News Today Live Updates: Rahul Gandhi's 'security breach' issue, Govt officials respond to Congress' complaint
Government officials say
- Security arrangements were entirelymade for Rahul Gandhi as per laid down guidelines
- During the Delhi leg of the Bharat Jodo Yatra, Rahul Gandhi himself 'violated' security guidelines
- Security for a protectee works when theprotectee adheres to laid-down guidelines
- Since 2020, there have been 113 'violations' of security guidelines by Rahul Gandhi
"Violations of laid down guidelines on the part of Rahul Gandhi have been observed on several occasions & this fact has been communicated to him from time to time. Delhi leg of Bharat Jodo Padyatra for 24th December ASL involving all stakeholders was conducted on Dec 22. All security guidelines have been strictly followed and Delhi Police has informed that sufficient deployment of security personnel was made."
Latest News Today Live Updates: EC floats concept note on remote voting
- EC floats concept note on remote voting, seeks views of parties on legal and administrative challenges in implementing it
- EC invites parties for demonstration of prototype remote EVM for domestic migrant voters on January 16
- EC develops prototype of remote EVM for domestic migrant voters, it can handle remote voting in up to 72 constituencies from single booth
(From PTI)
Latest News Today Live Updates: Uzbek Cough Syrup row: Drug regulators inspect Marion Biotech's manufacturing site
A joint team of Central Drug regulator and Uttar Pradesh Drugs Controlling and Licensing Authority has conducted an inspection of manufacturing site of Marion Biotech on December 27 after receiving the complaints of contamination in cough syrup supplied to Uzbekistan.
Sources aware of the matter told Moneycontrol that government officials inspected the manufacturing facility till late night and collected the Doc 1-Max cough syrup from the plant. The samples have been sent for testing contamination as it was done in the case of Gambia.
Meanwhile, sources say that a separate team formed by Uttar Pradesh drug regulator is also inspecting the plant for possible GMP violations.
The Health Ministry of Uzbekistan on Tuesday said 18 children, with acute respiratory disease, have died from taking excessive doses of a cough syrup, Doc-1 Max, manufactured by Marion Biotech.
Latest News Today Live Updates:
Mukesh Ambani speaks at the Reliance Family Day Function 2022- "We're living through time when world is beginning to see 21st Century as ‘India’s Century’. Next 25 yrs are going to be transformational in 5,000-yr-old history of India when India's poised to achieve exponential economic growth."
- "We can become a $40 trillion economy by 2047, Centenary of our Independence, in sustainable & stable manner. This goal is realistic and achievable because India is blessed with the power of young demography, mature democracy & newly acquired power of technology."
- "From an era of shortages, scarcity & widespread poverty, India will enter an era of inclusive prosperity, abundance of opportunities, & unimaginable improvement in the ease of living and quality of life of 1.4 billion Indians."
Latest News Today Live Updates: Bihar govt approves the purchase of a jet plane & helicopter
Bihar govt gives the financial approval for industries to be setup in Nalanda, Kaimur & Muzaffarpur along with approving the purchase of a jet plane & helicopter. Further, changes related to various posts in the education department were also approved.
Reacting to this, Sushil Modi of BJP said, the state govt's approval to buy helicopter & jet plane isn't appropriate. Now, state govts don't buy them instead they are taken on lease. As Tejashwi Yadav feels he'll become CM next that's why jet plane & helicopter were brought under his pressure.
Govt should re-think their decision. It seems that jet plane & helicopter will be used to move across the country for a campaign against PM Modi for the 2024 general elections, he adds.
Latest News Today Live Updates: About 10 Killed, 30 Injured in a massive blaze at Cambodia Hotel Casino
- About 10 people have been killed and 30 injured in Cambodia inside the Grand Diamond City hotel in Poipet due to fire.
- According to a report by The Mirror, firefighters claimed that around 70 per cent of the fire was under control.
- As per the same report, the fire is believed to have erupted around midnight ( 5 pm GMT - 10:30 pm IST) and people were forced to jump out of windows several stories above ground as the fire raged.
- 53 people were reported to have been rescued till morning as the fire continued, The Mirror stated.
Latest News Today Live Updates: ECTA to allow dual degree programs between the two countries
Latest News Today Live Updates: ECTA to transform India into a medical tourism hub
Latest News Today Live Updates: ECTA to provide easy access to Australian projects for the IT sector
Latest News Today Live Updates: ECTA to boost Textile sector exports, employee 40,000 people per annum
Latest News Today Live Updates: ECTA to open multiple doors for the pharma industry
Latest News Today Live Updates: What do reports suggest about The India and Australia free trade agreement (FTA)?
- The India-Australia FTA can lead to a $10-billion jump in India’s merchandise exports by FY27, says the Confederation of Indian Industry (CII)
- CII also adds that a major boost for India would be in its labour-intensive sectors as Australia imposed a 4-5 per cent import duty on these items. These will gain immediate duty-free access, it said.
- The CII said it will provide cheaper raw materials to many sectors, including steel and aluminium from Australia.
- According to a report released by Global Trade Research Initiative (GTRI), products worth $23 billion will become duty-free from Day One of implementation of the trade deal.
- Total trade between both nations was $25.56 billion during the fiscal year 2021-22. This means that 93 per cent of merchandise trade in the previous fiscal will attract zero duty from Thursday.
- The tariff commitments provided by India in the agreement will open up access for Australia's exporters of products including critical minerals, pharmaceuticals, cosmetics, lentils, seafood, sheepmeat, horticulture and wine.
Latest News Today Live Updates: India-Australia trade agreement kicks off, to open multiple opportunities for the Indian core sector
- The India and Australia free trade agreement (FTA) will come into force today which is likely to double the bilateral commerce to $45-50 billion in around five years.
- As a result of the agreement, the market of share of Indian goods and services in Australia is expected to increase, with India’s exports expected to increase from US$ 10.5 billion in 2021 to US$ 20 billion by 2026-27. India-Australia FTA is expected to raise bilateral trade to $45-50 billion in the next five years.
- Under the pact, Australia is offering zero-duty access to India for about 96.4% of exports (by value) from day one.
- Tariffs on 85% of Australia's exports to India will be eliminated and high tariffs on a further 5% of goods will be phased down.
- The pact maintains opportunities for Indian students graduating in Australia to undertake post-study work, with a bonus year of stay for high-performing STEM (science, technology, engineering, or mathematics) graduates.
- Customs duty advantage under the India-Australia free trade agreement will help Indian apparel exporters get greater market access in that country as compared to their competitors
- Australian service suppliers will reportedly benefit from full or partial access across more than 85 Indian services sectors and subsectors.
- India's ready-made garment exports to Australia have seen a growth of an average of 11.84% over the last 5 years. Going by this growth trend and with the agreement coming into play, AEPC believes that exports to Australia would grow three times by 2025.
(Inputs from agencies)
Good morning and welcome to Moneycontrol's live coverage of top news and headlines. Stay tuned for the latest updates and more!
