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Hamas for its terrorist attack and the Assembly rejected an amendment supported by New Delhi that would have named the terror group. During this special session, the UNGA adopted a new resolution, calling for an «immediate, durable, and sustained humanitarian truce» between the Israeli troops and the Hamas militants in Gaza. The newly adopted resolution which was initially moved ahead by Jordan, it did not contain any explicit condemnation of the terrorist attacks on 7th October but an amendment was introduced to include this condemnation before the main Resolution's vote.

New Delhi: The coal ministry on Saturday said it has requested the Department of Financial Services (DFS) to consider classifying coal under infrastructure sector, a move which will ensure financing of commercial coal mines. This reclassification would allow banks and financial institutions to formulate policies more effectively to meet the increasing requirements of the coal sector in a time-bound manner, the ministry said while noting that coal is likely to remain a primary source of energy in the foreseeable future.

United Nations resolution on the Israel-Hamas conflict, saying that watching in silence thousands of Palestinians being annihilated goes against what New Delhi has stood for. In a post on X (formerly Twitter), Priyanka Gandhi wrote, “I am shocked and ashamed that our country has abstained from voting for a ceasefire in Gaza.

New Delhi: Delhi Transport Minister Kailash Gahlot on Saturday said he will issue directions on deploying bus marshals as home guards so that they don't lose their jobs and passengers are also not left inconvenienced. Addressing a press conference, Gahlot, who also holds the portfolio of Home department, said Chief Minister Arvind Kejriwal has asked him to issue directions on deploying bus marshals as home guards.

profiled banker and digital evangelist, Ashok Vaswani, who steps into the vacuum created by Uday Kotak's exit at Kotak Mahindra Bank (KMB) after nearly four decades at its helm. The key questions are: will Vaswani be able to settle the dust at KMB and compete in a fierce financial services market that is also tightly regulated? Read our Snapview for a sharp perspective on Vaswani's challenges at KMB. Meanwhile Subhash Narayan from our policy bureau in New Delhi reported that the Indian government is considering a clean up of public sector banks by drawing up a fresh list of which of those to privatise.

Australia vs New Zealand, ICC World Cup 2023: The stage is set for an intense World Cup clash between two in-form teams Australia and New Zealand which will go against each other on Saturday. Tom Latham-led New Zealand has been great during the tournament and stands at number 3 on the points table. Pat Cummins led Australia to a shaky start in the ICC World Cup 2023, but the team made a strong comeback and maintained its position in the top 4.

New Delhi: In the run up to the state assembly elections this year and the general elections in 2024, rapid progress has been made in the government’s flagship rural road development scheme, Pradhan Mantri Gram Sadak Yojana (PMGSY). Construction of rural roads has hit the 12,000km mark in the first half of 2023-24, surpassing 100% of the target for the first time in several years.

New Delhi: Zensar Technologies Ltd has nearly 100 proofs-of-concept (PoCs) projects centred around generative artificial intelligence (AI). However, chief executive Manish Tandon cautioned that the AI field is at risk of being overly focused on demonstrations and prototypes rather than addressing practical challenges and limitations of the technology. “Generative AI is leading to billable PoCs and not multi-year projects.

NEW DELHI : Reliance Jio launched its satellite communications service called Jio Space Fiber at the India Mobile Congress even as rival Bharti Group-backed satellite internet service conglomerate, Eutelsat-OneWeb, said it was ready to begin offering satellite broadband services from next month. The Mukesh Ambani-backed telco demonstrated the reach of the service by connecting four of the remotest locations in India with JioSpaceFiber in Gir, Gujarat, Korba in Chhattisgarh, Nabrangpur in Odisha and Jorhat, Assam.

Indian Navy under a government-to-government deal. The Letter of Request has been delivered to the French government a few days back and they are expected to decide on the Indian request and respond in the near future, top defence sources told ANI. The LoR is like a tender document in which the Indian government has specified all its requirements and capabilities that it would want to have in the Rafale Marine aircraft being acquired for the aircraft carriers INS Vikrant and INS Vikramaditya, they said. The Indian Navy and the Indian government are working in a fast-track mode to ensure that the acquisition contract is signed at the earliest and Indian carriers can operate the highly capable aircraft to ensure an edge for New Delhi in the Indian Ocean region. The aircraft deal worth around Euro 5.5 billion was cleared by the defence acquisition council just before the visit of the Indian Prime Minister to France as the state guest for their Bastille Day parade this year in July.

NBCC (India) Ltd has sold 3.91 lakh sq ft of premium office space in South Delhi for Rs 1557.51 crore and will use it to fund the construction of seven colonies of Delhi. This is the highest sale realisation in a single auction since launch of WTC, New Delhi in 2017. The space at the World Trade Centre (WTC) that is coming up at South Delhi’s Nauroji Nagar as part of the government's redevelopment plan is being auctioned regularly and NBCC has so far earned Rs 8751.61 crore by selling about 2.17 million sq ft. The WTC, which offers 3.4 million sq ft of saleable area including 12 commercial towers, is part of Nauroji Nagar redevelopment.

Shashi Tharoor on Friday expressed shock over eight former Indian Navy personnel being handed down the death sentence by a court in Qatar and said the entire case is shrouded in «mystery and opacity». The navy personnel were on Thursday handed down the death sentence by a court in Qatar, a verdict that was described as «deeply shocking» by India as it vowed to explore all legal options.

Narendra Modi inaugurated the 7th Edition of India Mobile Congress 2023 on October 27 and said 'The Future is Here and Now," reported ANI. The event is taking place at Bharat Mandapam, Pragati Maidan in New Delhi.

Question: We are an Indian-based entity with various group companies in foreign jurisdictions. There are many intercompany transactions with such group companies which are subjected to a lower withholding tax rate in accordance with the relevant treaty owing to MFN. Kindly highlight the recent Supreme Court judgement in the case of applicability of the Most Favoured Nation MFN.

Co-working startup Innov8 has announced that it will double its footprint in the ongoing financial year FY 2023-2024. The company added 5 new centres in key business cities in India in early 2023 and is all set to inaugurate 5 more centres in the current quarter.

Narendra Modi inaugurated the 7th Edition of India Mobile Congress 2023 on October 27, which is taking place at Bharat Mandapam, Pragati Maidan in New Delhi. PM Modi will present awards to 100 ‘5G Use Case Labs’ established in educational institutions across the country, reported ANI.

NEW DELHI : India’s plans to invest in a massive Rosneft project in Vostok have stalled as American consultants who conduct third-party studies and due diligence stay off the sanctions-hit Russian Federation, two officials aware of the development said. In November 2021, Mint reported about a consortium of state-run firms—ONGC Videsh Ltd (OVL), Indian Oil Corp. Ltd (IOCL) and Oil India Ltd (OIL)—completing the technical evaluation of 30 out of 52 licence areas of the Vostok project.

Washington has decided to withdraw its proposal on digital trade at the global trade body to retain the policy space to regulate Big Tech firms. The changed position is crucial ahead of a key ministerial meeting of the WTO next year for which digital trade has been identified as one of the «solid deliverables» by senior trade officials of 164-member countries on Tuesday. The WTO e-commerce negotiations, through a Joint Statement Initiative (JSI), began in 2019 with 90 members trying to reach a consensus on data flows, data localisation, and protection of source code by MC13. India has opposed the plurilateral initiative and has kept away from the talks. New Delhi backs flexibility in digital policy and has concerns about the potential dominance of a handful of e-commerce players. India has also expressed apprehensions over the proposed rules favouring foreign companies, especially the Big Tech. «The new US stand on digital trade validates India's approach on the subject.

India, Iran and Armenia has the potential to balance the Pakistan-Azerbaijan-Turkey axis, which has gained momentum with several engagements between Islamabad and Baku this year. The first India-Iran-Armenia trilateral aims to connect Armenia with India via Iran, ET has learnt. During a meeting in the Armenian capital Yerevan this April, the three sides discussed economic projects and regional communication channels, outlined the prospects of deepening cultural and people-to-people contacts as well as trilateral cooperation in various fields. The three countries had then decided to «continue consultations» in the format, sources recalled. The trilateral meeting also discussed the use of the International North-South Transport Corridor (INSTC) as a regional connectivity initiative. Armenia, whose ties with New Delhi are acquiring strategic dimensions, has proposed the Persian Gulf-Black Sea corridor via Iran parallel to INSTC or part of a new branch of INSTC to connect Indian traders with Russia and Europe, sources said. Given the extensive experience of Indian companies in taking part in large-scale infrastructure projects abroad and India's interest in launching the India-Europe transport corridor route via Iran and Georgia, Armenia plans to start negotiations with India to discuss the involvement of Indian funding and Indian companies into the project.

World Cup 2023 points table: This edition of the ICC World Cup is going phenomenal as new records are created almost every other day. It is probably the first time that the fastest century record was broken twice in the same World Cup season. Australia's Glenn Maxwell smashed a ton in just 40 balls against Netherlands on Wednesday at the Arun Jaitley Stadium, New Delhi.

Narendra Modi will kick off this three-day event, as revealed by the Department of Telecommunications on the X social media platform. India Mobile Congress 2023 promises to be a focal point for innovation, knowledge exchange, and networking, making it an essential event for those engaged in the telecom and technology sectors. As per a release by PIB, the event is a collaborative endeavor between the Department of Telecommunications and the Cellular Operators Association of India, and it will be held at Pragati Maidan, Delhi.