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NEW DELHI : Water level in India’s 150 major reservoirs fell to 30% of their total storage capacity, with eastern and southern India seeing levels depleting rapidly owing to severe heatwave. While 26 reservoirs have 50% of normal water storage capacity, the level in reservoirs of eastern and southern regions has dropped to as low as 39% and 17%, respectively, as per the bulletin released by the Central Water Commission on Thursday.

NEW DELHI : PVR Inox Ltd has rolled out an ad-free viewing feature at some of its ‘premium luxury’ cinemas for moviegoers who can’t be bothered to sit through a bunch of advertisements at the theatre. The feature will be exclusive to up-market cinemas designed as social and community experiences combining dining and lounge options.

NEW DELHI : Is Tesla on its way to India, or not? Despite the Indian government's enthusiastic rollout of a new electric vehicle policy primarily aimed at attracting EV makers such as Tesla, the Elon Musk-led automaker has remained non-committal about its plans to enter the Indian market. In fact, Tesla has not conducted any significant studies or held detailed discussions with state governments in India yet, people familiar with the situation told Mint, signalling a lack of immediate intent to establish a manufacturing presence in the country.

investors were right to back him as an agent of change, Modi’s Bharatiya Janata Party peppered its 2014 poll manifesto with 22 references to “reform.” Ten years later, very little remains of that zeal. The BJP’s 2024 manifesto still promises to “reform, perform, transform.” But the few specifics it offers on the economy are modest — such as automatic approvals for standard housing designs. Gone are the days when Modi pledged to change everything from inefficient markets in labor and farm produce to entire sectors like banking. And yet, the appetite for a third term for the Indian leader is very high in the global financial industry. “Modi has done an unbelievable job in India,” JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon said Tuesday at the Economic Club of New York. Both Goldman and JPMorgan are predicting a deluge of overseas capital after general elections are over on June 4. (The BJP is favorite to win the contest.)

The hugely popular Chinese app TikTok may be forced out of the U.S., where a measure to outlaw the video-sharing app has won congressional approval and is on its way to President Biden for his signature

Educational Testing Service (ETS) showed that the highest average score in this English proficiency exam was witnessed among candidates from Dehradun where the average score of test takers was 105.6. This was followed by Guntur (105.5), Mysuru (104.1) and Delhi (103.5). Most of the students who appeared for TOEFL opted for a major in computing and information technology (IT) at a foreign university in 2023.

NEW DELHI : Amid the Supreme Court's teardown on misleading advertisements by Patanjali and other consumer goods companies, a more sinister issue of problematic ads has emerged, this time involving illegal betting apps and India's biggest sporting extravaganza, the Indian Premier League. Some of these betting platforms are also accepting punts on the world's largest democratic exercise: India's national election. The Advertising Standards Council of India has in the past few weeks flagged more than 500 such violative online advertisements by such illegal betting platforms.

NEW DELHI : Are cars safe in India? Some of them are, going by past crash test results, but some continue to fall short of safety standards under global crash test protocols. The latest round of test results from Global New Car Assessment Programme (GNCAP) has found serious safety shortcomings in some car models, prompting calls for industry-wide action to prioritize occupant and vehicle safety.

NEW DELHI : Hybrid cars in India may remain pricey for a while, with a top panel tasked to review taxes on them yet to formally meet even once, in the backdrop of a divided auto industry. Besides, any change in automobile taxes is unlikely without a comprehensive overhaul in the GST framework, two people aware of the development said. On 11 January, the Union heavy industries ministry formed a panel of vehicle testing agencies, petroleum ministry officials and auto industry bodies to study whether hybrids should have lower compensation cess.

NEW DELHI : Indian companies directly or indirectly in business with European firms face a twin hurdle as Germany tightens its screws on a new law aimed at ensuring fair labour standards and environmental requirements. For Indian businesses already subject to Europe’s carbon tax, Germany’s supply chain rules would mean additional compliance and reporting costs, apart from fines and loss of business opportunities for any violations, industry experts told Mint.

lumpy skin disease (LSD) in 2022 that has so far killed more than 200,000 cows, hurting milk output. The plan involves monitoring occurrence of animal diseases, their prevention and management of outbreaks, with the possibility of jointly developing vaccines and other medicines, a Brazilian diplomat said. “We had a meeting with the chief minister of Punjab.

NEW DELHI : To promote the country’s electric vehicle (EV) ecosystem in line with its vision of Viksit Bharat, the Centre is in the process of establishing a task force to create a roadmap for the industry, according to a letter sent by the ministry of heavy industries (MHI) to automakers that Mint has seen. MHI will finalise the setup of this task in collaboration with Ficci (Federation of Indian Chambers of Commerce and Industry) and other agencies. “The EV task force has been set up to engage with stakeholders through workshops and stakeholder meetings to gather their insights and recommendations on various aspects of electric vehicle adoption and infrastructure development," read the letter.

NEW DELHI : Consulting firms have begun practising what they’ve been preaching: bet on artificial intelligence to rein in costs. For employees, though, particularly those in the junior ranks, it’s been at their cost.

Spacetech startup Dhruva Space has raised $9.4 million (Rs 78 crore) in a mix of equity and debt from IAN Alpha Fund, Technology Development Board and other existing investors in its latest funding round. The capital infusion, of which Rs 44 crore was in debt, will help the Hyderabad-based startup set up its first phase of its 2.8 lakh sq ft spacecraft manufacturing facility in the city, founder and CEO Sanjay Nekkanti told ET.

NEW DELHI : New Delhi: International crude oil prices fell on Monday amid global growth concerns and improving crude inventory in the US. It also helped that Israel's retaliatory attack on Iran was smaller than had been feared. At 10.32 am, the June contract of Brent on the Intercontinental Exchange was trading at $86.50 per barrel, lower by 0.90% from its previous close.

NEW DELHI : The Supreme Court on Monday deferred hearing on a plea by Jet Airways' lenders, challenging the decision of the National Company Law Appellate Tribunal (NCLAT) to approve the resolution plan proposed by the Jalan-Kalrock consortium for the bankrupt airline. The court will now hear the case on Friday. During Monday's proceedings, lenders, led by the State Bank of India (SBI), termed the NCLAT's judgment as "shocking", citing its deviation from a previous Supreme Court ruling on the encashment of a ₹150 crore bank guarantee.

Maldives voted on Sunday to elect a new Parliament as a MDP victory in the House will enable it to keep a check on the Muizzu’s administration’s steps impacting New Delhi’s interests in the region. As many as 368 candidates are contesting on 93 seats in the parliamentary election MDP had a majority in the last Parliament. China is also keeping a close watch on the elections. This month, President Md Muizzu awarded high-profile infrastructure contracts to Chinese state-owned companies including airport redevelopment plan as campaigning for the parliamentary elections was in full swing.

NEW DELHI : India's top food regulator, the Food Safety and Standards Authority of India (FSSAI), will conduct sampling of major spice and infant nutrition brands in India, a senior government official said requesting anonymity. The move follows two separate reports of alleged food violations by brands in spices and infant nutrition categories. FSSAI has deployed state food commissioners and issued orders for samples of major spice brands to be taken from their manufacturing units pan-India, the official said.

Apple's two company-owned India outlets, which completed their first year of operations this month, have posted revenue of Rs 190-210 crore each last fiscal year, joining the ranks of the iPhone maker's top-performing retail stores globally. «The two Apple stores have clocked monthly average sales of Rs 16-17 crore each consistently since their launch. The Mumbai store revenue has been a little higher than the Delhi one due to a larger size,» said an industry executive aware of the matter. «It has met Apple's expectations, matching some of the best-performing store launches and they are now aggressively scouting space for the next three company-owned stores.» The US-based company opened the Mumbai store — Apple BKC — on April 18 last year, followed by the one in New Delhi — Apple Saket — two days later. Chief executive Tim Cook had flown to India for the store inaugurations.

parliamentary elections indicate a strong lead for President Mohamed Muizzu's ruling People's National Congress (PNC) over the opposition, including the India-friendly Maldivian Democratic Party (MDP). Election Overview

Strait of Hormuz is a narrow marine corridor situated between Oman and Iran and spans approximately 40 km at its most constricted section, providing 2 km of navigable waterways for vessels entering and exiting. India imports 85% of its crude oil requirements from Saudi Arabia, Iraq, and the UAE and LNG from Qatar.