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New PPI model in works, govt working on WPI base revision: DPIIT secretary
The industry department has developed a new Producer Price Index (PPI) model to better capture input prices, shared with the IMF, according to DPIIT Secretary Rajesh Kumar Singh. Moving towards PPI, consultations with MoSPI and necessary procedural clearances are ongoing, though no timeline has been provided.
Child labourers at Som Group's liquor unit worked 11 hours a day
A state inspection of a Som Group distillery in Madhya Pradesh found children, aged 13-17, working long hours filling and packing liquor bottles. Following the National Commission for Protection of Child Rights' discovery of 58 underage laborers, the state suspended the distillery's license. Som denies the allegations and has legally challenged the suspension.
Sattva Group targets 85 pc growth in housing sales to Rs 6,500 cr this fiscal: MD Bijay Agarwal
Realty firm Sattva Group is bullish on India's housing market and will launch many projects to achieve 85 per cent growth in sales of residential properties to around Rs 6,500 crore this fiscal, a top company official said. In the 2023-24, Bengaluru-based Sattva Group achieved sales bookings of Rs 3,500 crore.
Indians less worried, more optimistic about AI impact on work: Report
A Boston Consulting Group report has found that Indians are more confident than worried about the impact of artificial intelligence and generative AI on their work, with 54% evincing confidence compared to only 13% showing signs of anxiety. The report, based on BCG's AI at Work 2024 report, found that 42% of respondents globally reported confidence about AI and GenAI's impact on their work, compared to 26% last year.
PMAY-U 2.0 to build 1 crore houses in urban areas will be launched soon, says ministry officials
The Union Cabinet of Modi 3.0 government, in its first meeting held on June 10 under the chairmanship of Prime Minister Narendra Modi, approved government assistance for the construction of three crore houses under the PMAY.
No imprisonment of four Hinduja family members; trafficking and exploitation charges dismissed, says group
In a recent development related to the Hinduja family trafficking case, the spokesperson of the family announced that accused members have been cleared of exploitation and human trafficking charges. The court dismissed the most serious charge of human trafficking against them. Four prominent Hinduja family members were convicted for exploiting underpaid servants at their luxurious villa in Geneva, Switzerland.
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Lured by deepfake Mukesh Ambani Insta reel, Doctor loses Rs 7 lakh in trading scam
A 54-year-old Ayurveda doctor from Andheri lost over Rs 7 lakh to a trading scam involving a deepfake video of Mukesh Ambani. Dr. K K H Patil transferred Rs 7.1 lakh, believing in the false endorsement. Similarly, Sandeep Kumar from Greater Noida lost Rs 20.54 lakh in a work-from-home scam. Police have filed FIRs in both cases.
MP distillery, where children were found working, sealed; manufacturing licence suspended
A distillery linked to Som Group in Raisen, MP, was sealed for alleged child labor violations. The plant, part of Som Distilleries & Breweries, an ISO-certified group, had its license suspended after 58 children were found working there illegally.
Noida man scammed of Rs 20.54 lakh, alleges death threat
A man from Greater Noida, Sandeep Kumar, was scammed of Rs 20.54 lakh in a work-from-home job scam involving rating hotels on Google Maps. An FIR was filed against an unidentified persons under IPC sections 420 and 506, along with IT Act provisions. Kumar fell victim to a scheme where he invested money but couldn't withdraw it, facing death threats when questioning the fraudsters.
Nisus Finance invests Rs 155 cr in affordable housing project in Surat
Nisus Finance has invested over Rs 155 crore in a late-stage affordable housing project by Dharmadev Group in Surat, Gujarat. The project is part of a larger layout on a 12-acre land parcel, comprising 4.5 million sq ft. Nisus has invested through its Real Estate Special Opportunities Fund-1 managed by Nisus BCD Advisors LLP.
Cambodia-India Tourism Year launched in New Delhi
The first Cambodia-India Tourism Year was inaugurated in New Delhi, marking the commencement of the inaugural direct flight service by Cambodia Angkor Air between Phnom Penh and New Delhi. The event, officiated by Manisha Saxena, emphasized the significance of the initiative for boosting tourism between the two countries.
Ambuja Cements may repay Penna's debt
Private credit funds, including Edelweiss Alternative Asset, expect Ambuja Cements to repay Penna Cement's high-cost debt ahead of schedule. Adani Group-controlled Ambuja Cements acquired Penna Cement for ₹10,442 crore, aiming to reduce borrowing costs and improve credit ratings. The acquisition will help Ambuja Cements to refinance or repay Penna Cement's existing term loans and high-cost debt, including ₹400 crore to Edelweiss Alternative Asset.
Kuwait identifies bodies of 45 Indians, 3 Filipino nationals; vows to promptly investigate the incident
Kuwaiti authorities have identified the bodies of 45 Indians and three Filipinos killed in a tragic fire at a building housing foreign workers in Mangaf. At least 49 workers were killed, and 50 others injured in the incident. DNA tests are being conducted, and an Indian Air Force aircraft is on standby to repatriate the bodies. Kuwait’s Deputy Prime Minister Sheikh Fahad Al-Yousuf Al-Sabah leads an inspection campaign on illegal properties. Emir Sheikh Meshal has ordered financial aid and repatriation of the deceased. The public prosecutor has launched an investigation.
South Korea, US work on joint strategy over North nuclear threat
Senior South Korean and U.S. defense officials met in Seoul to discuss new guidelines for coordinating their response to potential nuclear threats from North Korea. The guidelines focus on maintaining a "credible and effective" nuclear deterrence policy and posture. The meeting follows last year's summit where the U.S. promised to share more nuclear planning information with South Korea. The next meeting will be held in Washington later this year.
Why breaks are important to work hard and achieve success, of both employees and organisations
Aditya Narayan Mishra, Managing Director and CEO of CIEL HR Services, emphasizes the importance of breaks and holidays for workplace respect and gratitude. Somdutta Singh, Founder and CEO of Assiduus Global Inc, highlights the role of breaks in preventing burnouts and promoting overall well-being.
Narendra Modi's first foreign trip likely to be Italy; PM Giorgia Meloni invites him for G7 summit starting Thursday
PM Narendra Modi is poised to make his first foreign trip to Italy, accepting an invitation from Italian Prime Minister Giorgia Meloni to attend the G7 Summit from June 13 to 15. Modi's participation underscores India's growing global relevance. Additionally, India's involvement in upcoming events such as the Swiss Peace Summit, US NSA Jake Sullivan's visit, and the SCO Summit in Kazakhstan further solidifies its diplomatic engagements on the world stage.
Air India utilising group airlines' engineering skills for improved aircraft maintenance works
After the takeover by the Tata Group in 2022, loss-making Air India has been making efforts for improvement and has embarked on a five-year transformation plan.
Who was Ramoji Rao? Here's all about Eenadu and Ramoji Film City founder who passed away in Hyderabad
Ramoji Rao passed away while receiving treatment at Star Hospital in Hyderabad. His legacy continues to inspire many in the fields of media, cinema, and business. The impact of his work will be remembered and cherished for generations to come.
FIR against non-local medical student after his social media post against the Prophet
J&K police registered a case for a blasphemous post at GMC Srinagar, leading to protests and student suspensions.
Magisterial enquiry ordered into the death of Pulwama man as family alleges he died of 'torture in illegal custody'
A magisterial enquiry is launched into the custodial death of Imtiaz Ahmad Pala, who died after being detained by J&K police in connection with a narcotics case. Police claim he had health issues, but family alleges he was tortured in illegal custody. Calls for impartial probe grow, including from former CM Mehbooba Mufti.
Old planes, lack of engineering capacity test Tata’s mettle to turnaround Air India
Customers flying on Air India flights to North America and Europe have been raising issues about frequent delays, broken seats or non-functional in-flight entertainment screens as the Tata group struggles to revamp the airline's fleet, some of which are 15 years old. The original aircraft for the delayed flight to San Francisco, had developed a technical snag. So, the airline had to tow a Boeing 777 which was parked under hot sun in Delhi’s 49 degree temperature. Air conditioning system in plane work.
Australia retains minimum age requirement for post-study work visas for research students
Australia's Department of Home Affairs maintains minimum age of 50 for post-study work visas for research students in the Post-Higher Education Work Stream under the Temporary Graduate 485 visa streams, effective July 1, 2024, with confirmed post-study work rights and changes to the post-higher education work streams.
US welcomes plans for crisis-communications working group with China: Pentagon
US Defense Secretary Lloyd Austin "reaffirmed the announcement by President (Joe) Biden and (Chinese) President Xi Jinping in November 2023 that both sides will resume telephone conversations between theater commanders in the coming months, and the Secretary welcomed plans to convene a crisis-communications working group by the end of the year," a Pentagon statement said.
Japan willing to work with Adani group, says Ambassador Suzuki after meeting Gautam Adani
Ambassador Hiroshi Suzuki of Japan expressed enthusiasm for collaborating with Adani Group after meeting Chairman Gautam Adani. The meeting, which took place on May 29, included a visit to Mundra Port and Khavda, where Adani Group is developing the world's largest Hybrid Renewable Energy Park with a capacity of 30 GW. Adani expressed gratitude for Suzuki's support and highlighted Japan's interest in India's renewable energy sector. The project, expected to be completed by Adani Green Energy Limited, will cover 538 sq km in Kutch, Gujarat, and require an investment of approximately Rs 1.5 lakh crore.
Jakson Green secures Rs 60 crore funding from HSBC India
This funding will support the company's working capital requirements for its renewable energy business, both in India and internationally, the company said.
Jakson Green secures Rs 60 crore funding from HSBC India
This sustainable trade facility from HSBC India underscores Jakson Green's unwavering commitment to ESG responsibilities and its leadership in promoting a sustainable and inclusive future.
Initiatives on track to increase women’s participation across levels, say 54% Indian employers – much above global average of 46%
Internal leadership development programmes, followed by flexible working policies, most effective in helping retain and secure diverse talent, finds ManpowerGroup Diversity Outlook Survey
India and Japan commit to bolster health cooperation
India and Japan have agreed to enhance health cooperation by expanding collaborative efforts into new areas such as digital health and artificial intelligence during the 77th WHA meeting in Geneva. The move aims to address challenges posed by an ageing population and lifestyle diseases. The focus will be on improving health outcomes. The nations will strengthen their nursing training programme to offer valuable career prospects for Indian professionals.
India Inc embraces gender-neutral parental leave policies for inclusive work environment
India Inc revamps parental leave policies to support changing family structures and foster inclusion. Companies like Colgate-Palmolive and Hindustan Unilever introduce gender-neutral initiatives. Volvo Group and Standard Chartered enhance parental leave programs. Expert Mansee Singhal emphasizes economic benefits for organizations.
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