CENTRE ON

Monsoon: Orange alert issued for Pune, Yellow for Mumbai, other districts of Maharashtra

Regional Met Centre Director at Mumbai, Sunil Kamble said, "There is a possibility of heavy rain in Mumbai today. We have issued a yellow alert for Mumbai. There will be light to moderate rain in Mumbai for 2-3 days. Orange alert and yellow alert have been issued for some districts of central Maharashtra... Heavy rain is likely in the ghat areas."

Naidu concludes his Delhi visit; emphasises on Centre's support to develop Andhra

AP CM N Chandrababu Naidu met PM Narendra Modi to seek support for post-bifurcation challenges, emphasizing a seven-point agenda and Amaravati projects. Naidu aims to attract investors, manage the opposition YSR Congress, and link Krishna-Godavari rivers. He prioritizes a business-friendly environment and will present Andhra's opportunities at the World Economic Forum.

NEET-UG 'scam': Centre files affidavit before SC, finds no proof of any large-scale breach of confidentiality in exams

Centre defends decision not to cancel NEET exam due to lack of evidence of widespread breach. CBI investigates reported paper leaks and cheating. Supreme Court to hear pleas on July 8 regarding alleged irregularities. NTA faces criticism and demands for disbandment. Some candidates face retest.

Valuations take centre stage as Sensex touches new peak

Majority of the Sensex constituents now trade above their respective long-term average valuations. It means investors need to be selective while accumulating blue chip names.

On A(I) Mission, Centre may go with Indian intel

GPUs are currently a precious resource for the AI industry and are manufactured only by a handful of American companies like Nvidia, Intel, and AMD. Sources said Indian data firms can procure GPU units and then provide them to local firms, startups, academics and researchers at a subsidised rate, for all use cases.

Rise & rise of secondary deals; advantage desi data centres

Happy Friday! Total funding raised by Indian startups fell in the first half of 2024, but late-stage activity showed signs of revival, as per data. Decoding this and more in today’s ETtech Morning Dispatch.

Centre sacrificed large amount of GST revenue to compensate states: Former CEA Subramanian

Former Chief Economic Advisor Arvind Subramanian revealed that the Centre has been sacrificing a substantial portion of GST revenue, amounting to 1 per cent of GDP annually, to uphold a 14 per cent compensation guarantee for states since the introduction of the tax regime. Subramanian emphasised the importance of maintaining the current structure of GST, stating that bringing petrol and alcohol under GST would not be advisable.

AstraZeneca to invest Rs 250 crore on expansion of its GCC in India

The facility currently occupies 334,000 square feet of office space at Ramanujan IT City, with plans to add approximately 180,000 square feet over the next six months to accommodate this expansion, creating AstraZeneca’s biggest global capability centre.

Satellite images reveal the presence of Chinese spy bases in Cuba. Should the US be concerned?

A report by a think-tank based out of the US analyzed satellite images from Cuba which revealed the presence of Chinese spying facilities. This is a direct threat to the US. Law makers have urged the Biden administration to tackle this threat.

HCLTech launches global delivery centre in Patna

This first centre of the company in Bihar will focus on the delivery of IT and engineering services for hi-tech and semiconductor companies.

What to expect from real estate and infra sector in upcoming Budget? Keki Mistry answers

Well, I think the focus will be on affordable housing in my opinion and there will some scheme or the other that will come up for the affordable housing segment.

Natural Environment Solutions enters Indian data centre industry with 5 MW facility in Pune

Natural Environment Solutions Pvt Ltd (NES) on Tuesday announced its foray into the Indian data centre industry with a 5 MW facility in Pune and said it plans to scale up to over 100 MW of data centre capacity across the country in the next three years. ' NES will set up the 5 MW capacity data centre in Hinjewadi, Pune.

What is the H5N1 virus that is growingly rapidly? Here is everything you need to know

H5N1 which is also known as the bird flu is growing rapidly in the US and in other parts of the world. Though there are no human-to-human transmission cases, it is known to infect human beings who are in contact with the infected animals. It causes massive economic and biodiversity loss.

DMK says Tamil Nadu first state to unmask NEET, nation now realises test 'fraudulent'

Pointing to the arrest of several people and searches by the CBI in connection with NEET-UG irregularities, DMK Tamil mouthpiece 'Murasoli,' said BJP's partner, JD(U) itself has passed a resolution over the irregularities. "India's major parties have started to raise their voice against NEET."

Japan launches an advanced Earth observation satellite on its new flagship H3 rocket

Japan deployed an upgraded Earth observation satellite for disaster response and security after it was launched on a new flagship H3 rocket Monday. The H3 No. 3 rocket lifted off from the Tanegashima Space Centre on a southwestern Japanese island and released its payload about 16 minutes later as planned, the Japan Aerospace Exploration Agency, or JAXA, said during a livestream.

India catching up with China, Vietnam on phone exports

India is rapidly narrowing the gap with China and Vietnam in mobile phone exports. In FY24, while mobile phone exports from China and Vietnam declined by 2.78% and 17.6% respectively, Indian exports surged by 40.5%, according to officials citing global trade data. India has captured nearly 50% of the reduction in mobile phone exports from these two countries, aligning with its objective of absorbing a significant portion of the supply chain shift from China.

Centre should have state-specific financial approach for development, says Kerala FM

Kerala Finance Minister urges Centre for state-specific financial approach and flexibility in borrowing, demanding Rs 24,000 crore package due to reduced funds. The state faces challenges like coastline erosion and aging population, requiring resource allocation for elderly care.

Exam leaks: Russian hackers to coaching centres to one weak link

Desperate students, coaching centers, agents, 'solvers' and a kingpin- all of these factors are common to every case of exam paper leak that has recently been reported.

CJI Chandrachud recalls Delhi vs Centre verdict: 'Applied concept of Constitutional morality…'

NEET malpractices case: CBI gets custody of four accused

Accused were in CBI custody for NEET-UG malpractices at Jay Jalaram School, linked to police investigation and candidates' statements in the Godhra Police case.

"How many people must have suffered losses because of you?": AAP's Saurabh Bharadwaj after Centre postpones NEET-PG exam

AAP Minister questions Centre over NEET-PG exam postponement causing losses to people due to last-minute cancellation.

Bihar call center horror: Women lured with fraudulent job offers in Muzaffarpur, trapped and sexually assaulted

A man was arrested in Gorakhpur, Uttar Pradesh for his involvement in a racket that kept young women captive in Bihar's Muzaffarpur district, where they were sexually assaulted under the guise of job offers. The arrest was made by an SIT formed to investigate the case, as per a PTI report.

PUC Pollution certificate centres in Delhi may close next month as petrol pump owners threaten shutdown

Petrol pump owners in Delhi may close Pollution Under Control (PUC) centres from July 1 due to unchanged fees since 2011, causing financial strain. The Delhi Petrol Traders’ Association (DPDA) stated that escalating costs and unmet requests for fee revisions rendered operations unsustainable. With 650 centres across Delhi, the closure could impact 80 lakh vehicles, risking increased pollution and fines for non-compliance.