Apr 16, 2018 02:28 PM IST | Source: Moneycontrol.com
News LIVE: India starts antidumping probe on chemical from Brazil, Indonesia, Thailand
This blog will keep track of key global and local developments impacting business and markets through the day. Important local and global political developments will also find resonance here.
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highlights
India's inclusion in NSG will boost global export control system: Germany
Danish woman gangrape: Delhi HC upholds life term till death of convicts
Suzlon commissions 626 MW wind power projects in FY'18
This is post-independent India's darkest hour, former bureaucrats tell PM
India starts antidumping probe on chemical from Brazil, Indonesia, Thailand
SC says screening of film 'Nanak Shah Fakir' to continue
Supreme Court Stays NCLAT Order On RCom’s Asset Sale To Jio
Kathua case: SC to hear at 2 PM two separate pleas
NIA court acquits Swami Aseemanand, 4 others in Mecca Masjid blast case
Malaysia's IHH says Fortis board declines to engage on takeover offer
Tata Motors shares fall 4% after JLR's job-cut plan
Indian ride-hailing firm Ola to launch 10,000 electric vehicles over 12 months
Kathua rape and murder trial adjourned to April 28
Martin Sorrell quits as CEO of ad giant WPP
France's Macron says he persuaded Trump to keep troops in Syria
France has not declared war on Syria regime, says Macron
Trump 'morally unfit' for office, fired FBI chief: Comey tells ABC
8 accused in Kathua rape case to go on trial today
All 14 grounded A320 Neos back in operation
Syria's allies say airstrikes undercut political resolution
Trump criticises ex-FBI chief Comey in new twitter tirade
Karnataka polls: Congress releases first list of candidates, Siddaramaiah to contest from Chamundeshwari
US to impose new Russia sanctions over Syria: Nikki Haley
India's inclusion in NSG will boost global export control system: Germany
Strongly pitching for India's inclusion in the Nuclear Suppliers Group (NSG), Germany today said the global export control system will benefit a lot from New Delhi's participation in all its four regimes.Out of the four export control regimes that work to keep proliferation of Weapons of Mass Destruction (WMD) in check, India is a member of the Missile Technology Control Regime (MTCR), the Wassenaar Arrangement and the Australia Group. India's membership to the 48-member NSG is being primarily opposed by China on the pretext that it is not a signatory to the Non-Proliferation Treaty (NPT).
Catch Moneycontrol's Sakshi Batra with headlines @ 03:20 pm
Danish woman gangrape: Delhi HC upholds life term till death of convicts
The Delhi High Court today upheld the sentence of life imprisonment till death given to five convicts for gang-raping a 52-year-old Danish woman in 2014.
The high court dismissed the appeal of the convicts challenging their conviction and jail term awarded by a trial court in 2016. A bench of Justices S Muralidhar and I S Mehta said the testimony of the victim and the DNA report, which was a clinching piece of evidence, have nailed the guilt of the convicts.
Suzlon commissions 626 MW wind power projects in FY'18
Renewable solution provider Suzlon said it has commissioned 626 MW of wind power projects in FY18, capturing 35 percent a market share despite the transition from a feed-in-tariff (FiT) system to bidding regime.
This is post-independent India's darkest hour, former bureaucrats tell PM
A group of retired civil servants have said in an open letter to Prime Minister Narendra Modi that this is post-independent India's "darkest hour" in the backdrop of the Unnao and Kathua rape cases, holding Modi responsible for the "terrifying state of affairs". Instead of owning up and making reparations, the prime minister chose to remain quiet, breaking his silence only when public outrage both in India and internationally reached a point when he could no longer ignore it, the group of 49 former bureaucrats said.
Catch Moneycontrol's Anchal Pathak with headlines @ 2
India starts antidumping probe on chemical from Brazil, Indonesia, Thailand
India has initiated a probe into the alleged dumping of a chemical used in paint and leather industry from Brazil, Indonesia and Thailand following a complaint from a domestic player.The commerce ministry's investigation arm - Directorate General of Antidumping and Allied Duties (DGAD) - has stated that it has found sufficient evidence of dumping of 'non-plasticised industrial grade nitrocellulose excluding nitrocellulose damped in Ethanol and waterwet' from these three countries.
SC says screening of film 'Nanak Shah Fakir' to continue
The Supreme Court today made clear that its interim order permitting the release of regional film 'Nanak Shah Fakir', based on the life of the first guru of the Sikhs, shall remain operational.A bench headed by Chief Justice Dipak Misra said it will hear on May 8 the submission and the counter on behalf of the film producer and the Shiromani Gurdwara Parbandhak Committee (SGPC), the apex Sikh religious body, on the same.
Catch Moneycontrol's Sakshi Batra with headlines @ 1:15
Supreme Court Stays NCLAT Order On RCom’s Asset Sale To Jio
The Supreme Court has stayed the National Company Law Appellate Tribunal's (NCLAT) order on the sale of a few Anil Ambani-led Reliance Communications Limited's assets to Mukesh Ambani’s Reliance Jio Infocomm Limited. The court today looked to hear HSBC Daisy Investments (Mauritius) plea on the same. The company is a minority shareholder , with a slightly larger than 4 percent stake in Reliance Infratel Limited.
Kathua case: SC to hear at 2 PM two separate pleas
The Supreme Court has agreed to hear two separate petitions on the brutal rape and murder of an eight-year-old girl in Kathua at 2pm today. Deepika Singh Rajawat, the lawyer representing the family of the victim, alleged threats to her life for pursuing the case. Delhi-based lawyer Anuja Kapur has sought transfer of the case from Kathua trial court to a local court in Delhi.
WPI inflation eases to 2.47% in March as food articles turn cheaper
The Wholesale Price Index (WPI) inflation based on wholesale prices eased marginally to 2.47 percent in March on cheaper food articles, especially pulses and vegetables. On the basis of Wholesale Price Index (WPI), inflation was 2.48 percent in February and 5.11 percent in March last year.According to a government data released today, food articles showed deflation at 0.29 percent in March as against a 0.88 percent inflation in the preceding month.
NIA court acquits Swami Aseemanand, 4 others in Mecca Masjid blast case
An NIA court has acquitted five people, including one Swami Aseemanand, with relation to the 2007 Mecca Masjid bomb blast case in Hyderabad. The blast took place near the iconic Char Minar on May 18, 2007, leaving nine dead and 58 injured during Friday prayers. Though eight people were origninally accused in the case, only five have come under the verdict.RSS pracharak Sunil Joshi was murdered before the verdict while two others are still at large.
Malaysia's IHH says Fortis board declines to engage on takeover offer
Malaysia’s IHH Healthcare Bhd said on Monday India’s Fortis Healthcare Limited declined to engage with the company regarding a takeover offer, citing binding agreements with other parties.IHH, one of Asia’s largest healthcare operators, offered to buy Fortis last week at a price that values the hospitals chain at about USD 1.3 billion — higher than the roughly USD 1.2 billion valuation an offer from Indian rival Manipal Health Enterprises Pvt Limited gave it.
Catch Moneycontrol's Anchal Pathak with headlines @ 12 pm
Tata Motors shares fall 4% after JLR's job-cut plan
Shares of Tata Motors fell more than 4 percent in morning trade after Jaguar Land Rover said it is planning to cut jobs to scale back production at some of its UK sites.Tata Motors-owned Jaguar Land Rover (JLR) on April 13 said it is planning to cut jobs as it scales back production at some of its UK sites amid what it termed as "headwinds" impacting the automotive industry.
Indian ride-hailing firm Ola to launch 10,000 electric vehicles over 12 months
Indian ride-hailing firm Ola, backed by Japan’s SoftBank Group will launch 10,000 electric three-wheelers in the country over the next 12 months as part of a broader electrification plan, the company said in a statement on Monday.
Catch Moneycontrol's Sakshi Batra with headlines @ 11:20
Kathua rape and murder trial adjourned to April 28
The trial involving eight accused in the Kathua rape and murder case has been adjourned to the April 28. The brutal incident allegedly involved the eight accused to have held an 8-year-old girl in captivity in a small village temple in Kathua district for a week in January this year during which she was kept sedated and sexually assaulted before being bludgeoned to death.
The family of the victim in the brutal Kathua rape and murder case have filed a Public Interest Litigation (PIL) in the Supreme Court to transfer the case out of Jammu and Kashmir.
Martin Sorrell quits as CEO of ad giant WPP
Martin Sorrell's dramatic departure as chief executive of WPP, the world's biggest advertising agency he founded 33 years ago, sent shockwaves through the marketing industry today.Sorrell, 73, stepped down suddenly, 10 days after the British ad giant launched an independent investigation into allegations of personal misconduct through the misuse of company assets.
Catch Moneycontrol's Anchal Pathak with headlines @ 10
France's Macron says he persuaded Trump to keep troops in Syria
French President Emmanuel Macron on Sunday said he had convinced U.S. President Donald Trump to keep troops in Syria for the long term and limit joint strikes to chemical weapons facilities.
Indian weightlifter and a gold medallist for the Commonwealth Games Poonam Yadav was attacked with bricks and stones by unidentified people in Varanasi on Sunday.
France has not declared war on Syria regime, says Macron
President Emmanuel Macron has said French air strikes in Syria were not a declaration of war against the regime of Bashar al-Assad, adding that Paris had convinced Donald Trump to stay engaged in the conflict "for the long-term". The statement comes after Saturday's strikes that targeted three alleged chemical weapons facilities in response to what the West says was a gas attack on the town of Douma that killed dozens of people.
Trump 'morally unfit' for office, fired FBI chief: Comey tells ABC
Donald Trump is "morally unfit" to be president of the United States, former FBI director James Comey told ABC in an interview broadcast."I don't buy this stuff about him being mentally incompetent or early stages of dementia," Comey said of Trump, according to a transcript from ABC."I don't think he's medically unfit to be president. I think he's morally unfit to be president," he said.
8 accused in Kathua rape case to go on trial today
The trials in the gruesome Kathua rape and murder case will begin today against the eight accused who allegedly held an 8-year-old girl in captivity in a small village temple in Kathua district for a week in January this year during which she was kept sedated and sexually assaulted before being bludgeoned to death.The accused include a juvenile.