EXPRESSION OF INTEREST
![India-Russia joint venture to get to run Mattala airport in Sri Lanka soon: Aviation minister](https://img.etimg.com/thumb/msid-111466500,width-100,height-75,resizemode-4/industry/transportation/airlines-/-aviation/india-russia-joint-venture-to-get-to-run-mattala-airport-in-sri-lanka-soon-aviation-minister.jpg)
India-Russia joint venture to get to run Mattala airport in Sri Lanka soon: Aviation minister
Sri Lanka strategically partners with India and Russia amidst 2022 financial turmoil, entrusting Mattala Airport's management for sustainable growth. The joint venture marks a pivotal step towards economic recovery, reflecting the nation's resilience and commitment to fostering strategic alliances for infrastructure development and long-term prosperity.
![Equalisation of interest for MSMEs extended till August 31](https://img.etimg.com/thumb/msid-111349540,width-100,height-75,resizemode-4/news/economy/policy/equalisation-of-interest-for-msmes-extended-till-august-31.jpg)
Equalisation of interest for MSMEs extended till August 31
The extension of the interest equalisation scheme for MSMEs till August 31 with a total outlay of ₹750 crore disappoints non-MSME exporters and may impact labor-intensive exports and large companies under 410 tariff lines.
![Interest equalisation scheme for exporters extended for 2 months; FIEO disappointed](https://img.etimg.com/thumb/msid-111347556,width-100,height-75,resizemode-4/news/economy/foreign-trade/interest-equalisation-scheme-for-exporters-extended-for-2-months-fieo-disappointed.jpg)
Interest equalisation scheme for exporters extended for 2 months; FIEO disappointed
The scheme helps exporters from identified sectors and all MSME manufacturer exporters to avail of rupee export credit at competitive rates at a time when the global economy is facing headwinds. Exporters get subsidies under the Interest Equalisation Scheme for pre and post-shipment rupee export credit.
![Serentica seeks partners for supply of 800 MWh battery energy storage systems](https://img.etimg.com/thumb/msid-111311117,width-100,height-75,resizemode-4/industry/renewables/serentica-seeks-partners-for-supply-of-800-mwh-battery-energy-storage-systems.jpg)
Serentica seeks partners for supply of 800 MWh battery energy storage systems
Serentica Renewables on Thursday said it has invited expressions of interest (EoIs) from interested players for supply of battery energy storage systems. "Serentica is seeking technical partners worldwide to supply BESS capable of delivering reliable energy storage. Serentica invites EoIs for 800 MWh standalone battery energy storage from across the world," it said in a statement.
![Going to work or college is like going to war in Mumbai local: Bombay HC expresses shame over 'cattle-class' situation](https://img.etimg.com/thumb/msid-111308157,width-100,height-75,resizemode-4/news/mumbai-news/going-to-work-or-college-is-like-going-to-war-in-mumbai-local-bombay-hc-expresses-shame-over-cattle-class-situation.jpg)
Going to work or college is like going to war in Mumbai local: Bombay HC expresses shame over 'cattle-class' situation
The Bombay High Court criticized Mumbai's railway conditions, emphasizing the Railways' responsibility for passenger safety amid high fatalities from train falls and track crossings. Chief Justice Devendra Kumar Upadhyaya expressed shame over the situation, demanding accountability from officials. The court's scrutiny followed a PIL highlighting inadequate infrastructure and urged urgent measures to address the alarming death toll on Mumbai's suburban trains.
![India expressed interest in co-production of Stryker combat vehicle: US](https://img.etimg.com/thumb/msid-111302867,width-100,height-75,resizemode-4/news/defence/india-expressed-interest-in-co-production-of-stryker-combat-vehicle-us.jpg)
India expressed interest in co-production of Stryker combat vehicle: US
US Deputy Secretary of State Kurt Campbell emphasized the importance of frank dialogue with India regarding New Delhi's ties with Russia, particularly in the technology sector, including defense. Despite US concerns about potential technology leakage to Russia due to India's use of Russian defense equipment, Campbell expressed trust and confidence in India's capabilities. He noted that while there are disagreements, both countries maintain respectful discussions. Campbell also highlighted discussions on the Quad initiative during recent meetings between US National Security Advisor Jake Sullivan and India's NSA Ajit Doval, affirming strong commitment to hold the Quad summit by year-end.
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Ashamed to see commuters travelling like cattle in Mumbai trains: High Court
A division bench of Chief Justice D K Upadhyaya and Justice Amit Borkar said it will hold the top officials of both the Central and Western Railways accountable as the "situation in Mumbai is pathetic". The PIL was filed by Yatin Jadhav.
Spiller of beans, and State vs open society
Wikileaks demonstrated the immense power governments, even in liberal democracies, have over their citizens and the extent to which a state will go to protect that power. Assange made us confront the ease with which governments use 'national security' as a default rabbit to be pulled out of the hat.
We are actually raising the real repo rate: MPC's Jayanth Varma
Jayanth Varma, who has expressed concerns about growth sacrifice due to restrictive monetary policy, voted for a 25-basis-point rate cut in the MPC's June policy review.
The Polar Express 2: Everything we know so far
The Polar Express 2 is in early development stages at Warner Bros., according to producer Gary Goetzman. While no release date is set, the sequel has sparked renewed interest among fans. Expect a long wait as the project progresses slowly.
Kanchanjunga Accident: Vande Bharat comes under fire, Oppn demands Ashwini Vaishnaw's resignation
Kanchanjunga Express Train Accident: The collision between the Sealdah-bound Kanchanjunga Express and a goods train near New Jalpaiguri has resulted in at least 15 deaths. Occurring around 9 am, the incident is attributed to a possible signal disregard by the goods train. Amid the tragedy, Vande Bharat and Railway Minister Ashwini Vaishnaw trended on social media, with opposition leaders criticizing the government for prioritizing the Vande Bharat trains over rail safety. An investigation is underway to determine the exact cause of the accident.
Understanding the rate of interest against gold loans in 2024
Get quick access to funds of up to Rs. two crore at interest rates starting at just 9.50% p.a. with Bajaj Finserv Gold Loan.
Charge-sheets to cabin crew can be detrimental for Co, passengers: Air India Express Union
The Air India Express Employees Union criticizes the airline's management for issuing charge-sheets to cabin crew members who reported sick during a recent strike. The Union warns of detrimental effects on the company and passengers, urging cooperation over punitive action to strengthen industrial relations.
AI Express union flags concerns over charge sheet to cabin crew; says move unfortunate
Air India Express has charged 200 cabin crew members for reporting sick amid significant operational disruptions last month, which the Air India Express Employees Union (AIXEU) calls an unfair labor practice. The union, claiming prior issues were settled through conciliation, warns that such actions could harm the airline and passenger interests.
Simplifying personal finance: What is bond yield?
If you are confused or confounded by personal finance terms, jargon and calculations, here’s a new series to simplify and deconstruct these for you. In the second part of this series, Riju Mehta explains bond yield and how it is calculated.
Should you buy a house now before property prices soar or wait for home loan interest rates to drop?
A favourable wealth effect, driven by a sharp rise in the equity markets, is enticing many first-time homebuy ers to take the plunge, while affluent buyers are looking for second homes. If you are a fence-sitter, still unsure about when to buy a house, this market presents a big dilemma. Is it the right time to buy a house?
Relief for 20,000 homebuyers! Suraksha Group finally takes over Jaypee Infratech via insolvency process
According to a regulatory filing by Jaypee Infratech on Wednesday, Suraksha Group informed the IMC (Implementation and Monitoring Committee) that May 24, 2024, i.e., the date of the NCLAT order should be treated as the 'Approval Date' as defined in the approved resolution plan.
Johnny Depp in new Terry Gilliam movie: Latest updates, plot details, cast, all you need to know
Pirates of the Caribbean star Johnny Depp is all set to feature as Satan in a new Terry Gilliam Movie, alongside major Hollywood stars. This will mark his mainstream return after his notable performance in Jeanne du Barry.
IDBI SASF gets 18 offers for bad loans
IDBI Bank's Stressed Assets Stabilisation Fund (SASF) aims to recover 11.59% by selling non-performing loans worth ₹6,151 crore.
Railways suspends drivers, assistants for operating trains at 120 kmph against 20 kmph limit
Drivers of Gatiman Express and Malwa Express suspended for speeding at 120 kmph in a 20 kmph cautionary speed limit section near Agra Cantt during bridge renovation work.
NCLAT upholds NCLT order on Jaypee Infra; asks Suraksha to pay additional Rs 1,300 crore
NCLAT affirmed Suraksha Realty's acquisition bid for Jaypee Infratech but mandated an extra Rs 1,300 crore as farmers' compensation. The decision aimed to expedite the resolution plan, addressing concerns of stakeholders, including homebuyers and YEIDA. Suraksha pledged timely payment, aiming to resolve the debt-ridden firm's fate.
Delhivery back in red for Q4; CEO Sahil Barua flags softness in online consumption
In a post-earnings analyst call, Delhivery CEO Sahil Barua said Sandeep Barasia, executive director and chief business officer of the company, will step down after almost a decade with the firm.
Sony, Apollo express interest in buying Paramount in $26 bn deal
Sony Pictures Entertainment and Apollo Global Management have shown formal interest in acquiring Paramount for around $26 billion. This development adds complexity to Paramount's ongoing negotiations with Skydance and Redbird Capital Partners. Paramount has been in talks with Skydance, led by David Ellison, for a possible merger and investment deal. The new joint expression of interest from Sony and Apollo proposes Sony as a significant majority shareholder and Apollo as a minority shareholder.
Pakistan pushes back deadline for expressions of interest to buy national airline
The extension, announced in a statement by Minister for Investment and Privatisation Abdul Aleem Khan, came a day before the expressions of interest had originally been due. He said 10 companies had already expressed an interest.
Sony and Apollo express interest in buying Paramount in $26 billion deal
The new, joint expression of interest would make Sony a significant majority and controlling shareholder and Apollo a minority shareholder. The proposed all-cash acquisition may appeal to Paramount shareholders who have come out against the Skydance deal over concerns it benefits the company's controlling shareholder, Shari Redstone, at the expense of others.
Blue Dart Express Q4 Results: Net profit rises 12% YoY to Rs 78 crore on improved demand
Blue Dart's total income for the fourth quarter stood at Rs 1,333.93 crore, as against Rs 1,225.22 crore a year ago, a regulatory filing showed.
American Express Q1 Results: Profits jump 34%, helped by jump in new customers, higher spending
American Express's Q1 profits soared by 34%, fueled by increased cardmember spending and interest income growth. The company's revenue sources expanded, with a focus on attracting high-quality customers despite payment challenges.
Robert Vadra expresses interest to contest from Gandhi bastion Amethi
Robert Vadra, husband of Congress leader Priyanka Gandhi, has expressed interest in contesting the upcoming polls from Amethi, the former bastion of the Gandhi family. Vadra believes Amethi is the ideal place to represent the people of the constituency, which has been troubled by the current MP, Smriti Irani. The Congress has not announced who will challenge the Union Minister from Amethi, and it is uncertain if Rahul Gandhi will contest from here.
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