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INDIA BUSINESS | Sat, 3 Jun 2023, 11:45PM IST Less than one in three startups that attract seed funding manage to raise follow-on funding in the form of a 'Series A' round, a study by Venture Intelligence shows

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INDIA BUSINESS | Sat, 3 Jun 2023, 11:24PM IST If approved, this would take the total volume of reductions to 4.66 million bpd, or around 4.5% of global demand.

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INDIA BUSINESS | Sat, 3 Jun 2023, 11:20PM IST The absence of a unified digital platform makes it impossible for the telecom operators to check veracity of consents.

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INDIA BUSINESS | Sat, 3 Jun 2023, 11:04PM IST After signing the MoU, Fadnavis said Pune was gradually becoming a hub for financial services and the latest development involving Bajaj Finserve would boost the sector.

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INDIA NEWS | Sat, 3 Jun 2023, 11:00PM IST About 88 per cent of wage payments under the Mahatma Gandhi National Rural Employment Scheme (MGNREGS) was made through the Aadhaar Based Payment System (ABPS) in May, the Union rural development ministry said. In a statement, the ministry also said that out of the total 14.28 crore active beneficiaries, Aadhaar has been seeded for 13.75 crore. Against these seeded Aadhaar, 12.17 crore have been authenticated and 77.81 per cent are now already eligible for ABPS, it said. In May, about 88 per cent of the wage payment was made through the ABPS, the ministry said. Under the MNREGS, the ABPS has been in use since 2017. "After almost universal availability of Aadhaar number to every adult population, now the Government of India decided to extend ABPS for beneficiaries under the (employment) scheme. The payment will land through ABPS only to the account associated with ABPS, which means that it is a safer and faster way of payment transfer," the ministry said. National Payments Corporati

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INDIA NEWS | Sat, 3 Jun 2023, 10:57PM IST British Prime Minister Rishi Sunak is considering a London-based global artificial intelligence (AI) watchdog to oversee any threats posed by the fast-growing technology, according to a UK media report on Saturday.Sunak will discuss ways to cooperate on monitoring AI when he meets US President Joe Biden at the White House next week, according to 'The Times'.Among the ideas under consideration in Downing Street is setting up a global AI authority in London, modelled on the Vienna-based International Atomic Energy Agency (IAEA).The IAEA, founded in 1957 with 176 countries including India as members, monitors the use of nuclear energy, promotes safe standards, and checks that it is not used for military purposes. A British minister told the newspaper that the UK would be "the best place" in the world for any new body because many leading companies already have a strong presence here. Though plans are at an early stage, if Sunak pushes ahead, the UK government could seek to recruit rapidly to get the authority up and running."The Prime Minister is very alive to the need for international alignment on the approach to AI as the technology evolves to ensure we can benefit from the opportunities but manage the risks," a government source was quoted as saying by 'The Times'.The possibility of Sunak creating a regulator comes as the European Union (EU) is refining its Artificial Intelligence Act, which is expected to take a hard line on oversight of the sector.The US is also considering how to regulate but is expected to be less severe, as the world grapples with concerns about the safety of AI technology.

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INDIA BUSINESS | Sat, 3 Jun 2023, 10:55PM IST Incorporated in August 2013, Wonder City Buildcon has reported turnover of over Rs 26 crore during the last financial year 2022-23 and 131.92 crore in 2021-22. Godrej Home Constructions, which was incorporated in April 2015, has reported turnover of Rs 282.26 crore and 5.06 crore in 2021-22 and 2022-23, respectively.

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INDIA BUSINESS | Sat, 3 Jun 2023, 10:52PM IST The report said that by 2030, this real estate requirement will allow a production capacity of about four million four-wheelers and 23 million two-wheelers.

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INDIA BUSINESS | Sat, 3 Jun 2023, 10:44PM IST This year, the company also expects revenue from the luxury residential project TARC Tripundra, on the main Bijwasan Road in Delhi, which it launched in 2022. The premium project offers three-BHK and four-BHK homes priced 4.5 crore onwards and the project has an approximate total sales value of about Rs 900 crore, which is significantly higher than the earlier contemplated value of 650 crore due to price appreciation.

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INDIA NEWS | Sat, 3 Jun 2023, 10:27PM IST The ministry added that job cards cannot be deleted on the basis that a MGNREGS worker is not eligible for ABPS."Mahatma Gandhi NREGA is a demand driven Scheme and is affected by various economic factors.

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INDIA BUSINESS | Sat, 3 Jun 2023, 10:16PM IST The Corporation also announced many concessions to mitigate the hardships of the claimants of LIC policies and also of the Pradhan Mantri Jeevan Jyoti Bima Yojana. It said in lieu of registered death certificates, a list of casualties published by the Railways, police or any state or Central authorities will be accepted as proof of death.

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INDIA NEWS | Sat, 3 Jun 2023, 10:16PM IST National insurer LIC on Saturday announced many relaxations for the claim settlement process for the victims of the Balasore train tragedy.The accident involving two passenger trains and a stationary goods train has led to the loss of life of at least 288 people so far and left over 1,100 injured. In a late evening statement, LIC chairman Siddhartha Mohanty announced a slew of relaxations to the claim settlement process for the kin of the victims. "We are deeply saddened by the tragic train accident in Balasore, Odisha on Friday. LIC is committed to supporting those affected and will expedite claim settlements to provide financial relief", Mohanty was quoted as saying in the statement. The Corporation also announced many concessions to mitigate the hardships of the claimants of LIC policies and also of the Pradhan Mantri Jeevan Jyoti Bima Yojana. It said in lieu of registered death certificates, a list of casualties published by the Railways, police or any state or Central authorities will be accepted as proof of death. The Corporation has also set up a special help desk and a call centre number (022-68276827) at the divisional and branch levels to respond to claim-related queries and for providing assistance to claimants. All efforts will be taken to ensure that the claimants are reached out and claims are settled expeditiously to the affected families, the statement said.

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INDIA BUSINESS | Sat, 3 Jun 2023, 10:14PM IST All three jerseys and training kits will be available on the Adidas India website and stores from June 4, 10 AM IST

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INDIA BUSINESS | Sat, 3 Jun 2023, 9:57PM IST According to AAP sources, Seema, Sisodia's wife, was admitted to the hospital after experiencing a decline in her health

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INDIA NEWS | Sat, 3 Jun 2023, 9:47PM IST The engagement group will form policy documents that will speak on foundation for global start up eco system, forming alliances, unlocking financing, he added.

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INDIA NEWS | Sat, 3 Jun 2023, 9:47PM IST About 88 per cent of wage payments under the Mahatma Gandhi National Rural Employment Scheme (MGNREGS) was made through the Aadhaar Based Payment System (ABPS) in May, the Union rural development ministry said. In a statement, the ministry also said that out of the total 14.28 crore active beneficiaries, Aadhaar has been seeded for 13.75 crore. Against these seeded Aadhaar, 12.17 crore have been authenticated and 77.81 per cent are now already eligible for ABPS, it said. In May, about 88 per cent of the wage payment was made through the ABPS, the ministry said. Under the MNREGS, the ABPS has been in use since 2017. "After almost universal availability of Aadhaar number to every adult population, now the Government of India decided to extend ABPS for beneficiaries under the (employment) scheme. The payment will land through ABPS only to the account associated with ABPS, which means that it is a safer and faster way of payment transfer," the ministry said. National Payments Corporation of India data shows that there is a higher success percentage to the extent of 99.55 per cent or above where Aadhaar is enabled for Direct Benefit Transfer (DBT). In case of account-based payment such success is about 98 per cent, the data shows. The rural development ministry said according to the Unique Identification Authority of India, more than 98 per cent of adults have an Aadhaar number. It added that individuals who do not have one should visit appropriate agencies. States have been requested to organise camps and follow-up with beneficiaries under the MGNREGS to achieve 100 per cent ABPS, the ministry said. "The ministry has made it clear to all the states that the beneficiary who comes for work should be requested to provide the Aadhaar number but will not be refused work on this basis. If a beneficiary does not demand for work, in such case her/his status about eligibility for ABPS does not affect the demand for work," it said. The ministry added that job cards cannot be deleted on the basis that a MGNREGS worker is not eligible for ABPS. "Mahatma Gandhi NREGA is a demand driven Scheme and is affected by various economic factors. Proper ecosystem for ABPS is in place. Considering the benefits of ABPS for beneficiaries, this is the best system to be followed for the payment," it said. "Aadhaar-based payment system is nothing but a route through which the payment is getting credited in the account of beneficiaries. There are well defined steps adopted in this system and role of beneficiaries, field functionaries and all other stakeholders is clearly defined," the ministry said. It said that ABPS is helping genuine beneficiaries to get their due payment and is instrumental in curbing corruption by weeding out fake beneficiaries. The ministry also said the step was taken after it was noted that in many cases due to frequent changes in bank account number by a beneficiary and new account number not being updated by the programme officer, several transactions of wage payment were rejected by destination bank branch. In consultation with different stakeholders, it was found that to avoid such rejections, ABPS is the best route for making wage payment through DBT. It will help the beneficiaries in getting their wage payment on time, the ministry said.

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INDIA NEWS | Sat, 3 Jun 2023, 9:37PM IST Speaking to a delegation of the Karachi Chamber of Commerce and Industry (KCCI), which called on him here ahead of the finalisation of budget 2023-24, Dar also said that there is not a single day's delay in Pakistan's sovereign commitments.

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INDIA BUSINESS | Sat, 3 Jun 2023, 9:32PM IST In the new integrated terminal building, the MIA will save 56,467 kWH per year with 261 LED lights and 14,673 kWH per annum by changing the 98 conventional lights to LED lights in the airside, old terminal building and NATS area. The switchover will help in the reduction of 148.962 tonne of CO2 emission per annum, including 92.761 tonne of CO2 in the NATS area. The emission of CO2 is primarily recognised as the primary driver of global climate change.

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INDIA BUSINESS | Sat, 3 Jun 2023, 9:31PM IST The bus, which was carrying several passengers, including those who were critically injured in the train accident, was on its way to Kolkata from Balasore when it collided with a van near Medinipur

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INDIA BUSINESS | Sat, 3 Jun 2023, 9:11PM IST At the time, the official death toll according to Indian Railways was reported as 288

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INDIA BUSINESS | Sat, 3 Jun 2023, 9:07PM IST Calling the Friday rail accident, a rare of the rarest mishaps in global rail transportation, a railway expert has said that even the indigenously developed Kavach train protection system wouldnt have helped

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INDIA NEWS | Sat, 3 Jun 2023, 9:06PM IST Former Delhi deputy chief minister Manish Sisodia, who arrived at his residence from the Tihar jail on Saturday, could not meet his ailing wife as she was taken to a hospital after her health deteriorated, AAP sources said.

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INDIA NEWS | Sat, 3 Jun 2023, 8:27PM IST Cricket legend Sachin Tendulkar has revealed he had to manage the recurrence of a painful, decade-old toe injury during India's tour of Australia in 2011-12 which caused him a lot of trouble.

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INDIA BUSINESS | Sat, 3 Jun 2023, 8:10PM IST The passengers who were returning home after several months of working in south India were among the injured.

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INDIA NEWS | Sat, 3 Jun 2023, 8:03PM IST World leaders, including Russian President Vladimir Putin, Chinese President Xi Jinping, British Prime Minister Rishi Sunak and French President Emanuel Macron, expressed their condolences to the families and the Government of India on Saturday over one of the country's worst train accidents that killed at least 288 people. The accident, involving three trains, is one of the worst in the country and took place in Odisha's Balasore district on Friday night. The accident also injured 803 people. Russian President Putin expressed his condolences in a telegram to Prime Minister Narendra Modi. "Please accept our deep condolences over the tragic aftermath of the train collision in Odisha. We share the grief of those who lost their relatives and close ones in this catastrophe and we hope for a speedy recovery to everyone injured," says the telegram, published on the Kremlin's website. UK Prime Minister Sunak extended his heartfelt support and admiration to the survivors and those working tirelessly in the rescue operations. "My thoughts and prayers are with @narendramodi and with all affected by the tragic events in Odisha. My deepest condolences to the family and friends of those killed, and my heartfelt support and admiration to the survivors and those working tirelessly to respond," Sunak tweeted. President Macron said France stands in solidarity with India. "My deepest condolences to President Murmu, Prime Minister Modi and the people of India after the tragic train accident in Odisha. France stands in solidarity with you. My thoughts are with the families of the victims," Macron tweeted. Chinese President Xi sent separate condolence messages to President Droupadi Murmu and Prime Minister Modi over the train accident, the state-run Xinhua news agency reported. In his message, Xi said he was shocked to learn of the accident which caused heavy casualties. On behalf of the Chinese government and people, he expressed deep condolences to the victims, offered sincere sympathies to the bereaved families and the injured, and wished the injured a speedy recovery. Chinese Premier Li Qiang also sent a message of condolence to Prime Minister Modi. Japan's Prime Minister Kishida sent a condolence message to Prime Minister Modi following the train accident. "I am deeply saddened by the news of the loss of many precious lives and the injuries in the train accident in the State of Odisha. On behalf of the Government of Japan and its people, I would like to express our heartfelt condolences to those who lost their lives and their bereaved families. I also pray for the speedy recovery of those who were injured," Kishida said in a statement. Japanese Foreign Minister Yoshimasa Hayashi also sent a condolence message to Foreign Minister S Jaishankar. "I am deeply saddened by the news of the loss of many precious lives in the train accident in the State of Odisha. I pray for the souls of the victims and extend my deepest condolences to the bereaved families. I also sincerely hope that those who were injured will recover swiftly," Hayashi said. Canadian Prime Minister Trudeau said at this difficult time, Canadians are standing with the people of India. "The images and reports of the train crash in Odisha, India break my heart. I'm sending my deepest condolences to those who lost loved ones, and I'm keeping the injured in my thoughts. At this difficult time, Canadians are standing with the people of India," Trudeau tweeted. Nepal Prime Minister Pushpa Kamal Dahal 'Prachanda', who is on a four-day visit to India, tweeted, "I'm saddened by the loss of dozens of lives in a train accident in Odisha, India today. I extend deep condolences to Prime Minister Shri @narendramodi Ji, Government, and the bereaved families in this hour of grief." Pakistan Prime Minister Shehbaz Sharif extended condolences to the families of the victims and wished speedy recovery to those injured in the accident. "Deeply saddened by the loss of hundreds of lives in a train accident in India. I extend my heartfelt condolences to the bereaved families who lost their loved ones in this tragedy. Prayers for a speedy recovery of the injured," Sharif tweeted. "Saddened to learn of the high death toll in the tragic train accident in Odisha, India. Our condolences for the families of the victims. Wish speedy recovery to the injured," Pakistan foreign minister Bilawal Bhutto-Zardari tweeted. Sri Lankan Foreign Minister Ali Sabry said that he is "deeply saddened" to learn about the train accident in Odisha. He wished for a speedy recovery for all those affected in the accident. "Deeply saddened to learn of the tragic train accident in Odisha. My thoughts & prayers are with the families of the victims & those injured. I hope for a speedy recovery for all those affected. Sri Lanka stands with India in this time of grief," Ali Sabry tweeted. Bhutan's Prime Minister Lotay Tshering tweeted, "Sending prayers to @narendramodi and the people of India as we hear developments of the tragic train crash in Odisha. May the loved ones find strength, as they come to terms with the loss and horror. We share your pain and pray for quick healing." The Deputy Prime Minister of Italy and Minister of Foreign Affairs Antonio Tajani also expressed condolences on the train tragedy. "The Italian Government expresses deep condolences to #India for the tragic train accident that occurred today in Balasore. A prayer for the victims and the injured, I hope that those still trapped will be rescued," Tajani tweeted. UN General Assembly president Csaba Korosi too expressed his deepest condolences to the families over the tragic train accident. "I'm deeply saddened to hear the news of the train crash in Odisha, India. My thoughts and prayers are with the victims, their families and with the emergency services. Heartfelt condolences to the people and the Government of India," Korosi, the President of the 77th session of the General Assembly tweeted. Taiwanese President Tsai Ing-wen also extended heartfelt condolences to the victims. "Taiwan Praying for everyone affected by the train accident in India. I extend my heartfelt condolences to the victims and their families, and hope that rescue operations can save all those in need," she tweeted. Maldivian Foreign Minister Abdulla Shahid on Friday condoled the loss of lives in the accident. "Deeply saddened to hear the news of the tragic train accident in Odisha, #India, leading to loss of lives and injuries to many. My heartfelt condolences to the families of the victims and praying for a speedy recovery to the injured," he said in a tweet.

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INDIA NEWS | Sat, 3 Jun 2023, 7:59PM IST Concerns around civilian safety spiked in Ukraine on Saturday, as officials announced that an inspection had found nearly a quarter of the country's air-raid shelters locked or unusable, just days after a woman in Kyiv allegedly died waiting outside a shuttered shelter during a Russian missile barrage.

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INDIA BUSINESS | Sat, 3 Jun 2023, 7:58PM IST District Magistrate Nitin Singhania confirmed that a total of 20 individuals from Malda were involved in the tragic accident

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INDIA MARKET | Sat, 3 Jun 2023, 7:57PM IST With 288 casualties, Balasore deadliest rail accident in the last 28 years

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INDIA NEWS | Sat, 3 Jun 2023, 7:41PM IST The economic challenges faced by the country ten months ago as an "unprecedented situation in history," Wickremesinghe, also the debt-ridden island nation's finance minister said.

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INDIA BUSINESS | Sat, 3 Jun 2023, 7:22PM IST The Ministry of Civil Aviation has taken proactive steps to address the aftermath of the incident

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INDIA BUSINESS | Sat, 3 Jun 2023, 7:20PM IST Unplanned project ramp-downs and delays in decision-making from clients pulled down the Q4 FY23 performance of Infosys

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INDIA BUSINESS | Sat, 3 Jun 2023, 7:19PM IST Taking to Twitter, Salman said he is "really saddened" by the unfortunate train accident.

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INDIA NEWS | Sat, 3 Jun 2023, 7:14PM IST Satyanarayan Nuwal started Solar Industries India in 1995 to trade in industrial explosives then started manufacturing them.

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INDIA BUSINESS | Sat, 3 Jun 2023, 7:10PM IST "In view of the unfortunate accident in Odisha, the Ministry of Civil Aviation has advised all airlines to monitor any abnormal surge in airfares to and from Bhubaneswar and other airports of the State and take necessary action regarding the same," it said in a statement.

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INDIA NEWS | Sat, 3 Jun 2023, 7:04PM IST Sanjay Mukherjee, Vice Chairman and Managing Director, CIDCO, was posted as Metropolitan Commissioner, MMRDA.

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INDIA BUSINESS | Sat, 3 Jun 2023, 6:59PM IST The Congress said the "horrendous" train accident in Odisha reinforces why safety should always be the foremost priority in the functioning of the rail network and asserted that there are many questions to ask of Prime Minister Narendra Modi and Railway Minister Vaishnaw but those can wait as the immediate task was of rescue and relief.

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