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NEW DELHI : The union cabinet on Wednesday cleared the third phase of the eCourts project with an outlay of ₹7,210 crore and allocated ₹1,650 crore for providing 7.5 million additional free cooking gas connections. In another meeting the Cabinet Committee on Economic Affairs cleared a proposal for foreign direct investment of up to ₹9,589 crore by Cyprus-based Berhyanda Ltd in Suven Pharmaceuticals Ltd.

NEW DELHI : After a weak start, the markets rebounded well on Wednesday, with Nifty gaining 0.38% and closing above the 20000-mark for the first time, supported by softer inflation data and strong production numbers despite weak global cues. While Nifty ended the day at the record closing high of 20070, Sensex, with gains of 0.38%, closed at 67466.99 and is inching close to its all-time high of 67619.17 seen in July. The mid- and small-caps, which had seen significant corrections on Tuesday, also ended with gains.

NEW DELHI : The stock of coal at mines and transit has increased 39% over last year, coal minister Pralhad Joshi said on Wednesday, amid concerns over stocks being too low to meet the power demand. Writing on X (formerly Twitter), the minister said state-owned Coal India Ltd’s production has increased 12.8% so far in the July-September quarter to 123.4 million tonnes. In the first quarter of the fiscal, its production stood at 175.5 million tonne, 9.8% higher compared to the corresponding period last fiscal.

(Reuters) — The U.S. Senate has issued a subpoena to the Saudi Arabian Public Investment Fund's (PIF) U.S. subsidiary over its planned partnership with the PGA Tour, it said on Wednesday.

Ocean Explorer, a cruise ship with 206 passengers and crew onboard, has run aground in a remote area of Greenland, leading to a potentially lengthy wait for rescue.

Nipah Virus cases in Kerala: The southern state of Kerala has recorded its fifth case of Nipah virus in a 24 year old health care worker. The health worker employed at a private hospital in Kozhikode has been confirmed with Nipah virus infection after his samples turned positive, a statement from Kerala Health Minister Veena George said. The Kerala state government has also amped up efforts to save a nine-year old boy suffering from the deadly infection by ordering the only anti-viral treatment available.

India was once home to an estimated one in four students globally graduating with a science or engineering degree. But Indians' well-known love affair with engineering courses seems to be on the wane. Ahead of Engineer’s Day this Friday, Mint looks at the falling enrolments, weak job placements, and disappointing employability rate of India’s engineering graduates.

₹200/cylinder cut in LPG prices will likely reflect in the September CPI print, and may shave off 20-25 bps from the headline rate." Still, the CPI reading for Q2 is likely to be above the RBI’s projection, which has already been revised higher by a meaningful 100 bps by the central bank in the August monetary policy meeting. Thus, an upward revision in the RBI’s Q2 projections is on the cards. As such, the central bank has pencilled in a significant easing in price pressures in H2FY24.

Qantas Airways has lost its challenge to a court ruling that the Australian flag carrier had illegally fired 1,700 baggage handlers, cleaners and other ground staff at the height of pandemic travel disruptions

Here's more proof of how fast legal sports betting is spreading in the U.S. A company that most of the industry uses to verify that its customers are where they say they are reports a record number of transactions over the first weekend of the NFL season

Global energy giant BP is scurrying to find a new chief executive after CEO Bernard Looney became the latest corporate leader to step down amid questions about his personal conduct

A record of more than one in five young Chinese are out of work, their career ambitions derailed by a depressed job market as the economy struggles to regain momentum after its long bout with COVID-19

The British economy shrank by 0.5% in July after a series of strikes, particularly by doctors at the start of their careers, and unseasonably wet weather

Narendra Modi on Wednesday said that integrating advanced technology will make our judicial system more accessible and transparent. «With the Cabinet approval of eCourts Project Phase III, we are ushering in a new era of justice delivery in India. Integrating advanced technology will make our judicial system more accessible and transparent,» PM Modi posted on X (Formerly Twitter). Earlier today, the Union Cabinet, chaired by Prime Minister Narendra Modi, in its weekly meeting approved the eCourts Project Phase III. The project will have a financial outlay of Rs 7,210 crore.

The Social Security cost of living adjustment (COLA) for 2024 will likely be 3.2% based on a jump in consumer price data through August, according to the Senior Citizens League. The resulting increase would raise the average monthly retiree benefit of $1,790 by $57.30. The Social Security Administration is slated to announce the COLA for 2024 in October. 

There are sharp differences between what transport minister Ramalinga Reddy had agreed to in public at the site of the dharna, and in the proceedings recorded by the Transport department. Federation of private transport association president S Natraj Sharma said, “The implementation dates have not yet been announced, nor have they said when the special Advocate General will be appointed,” he said. He added that the proceedings did not mention when “unlicensed apps” like porter, uncle would be closed, which was one of the demands of the protestors. Among the federation’s other demands was that the aggregators be barred from directly enrolling e-rickshaws without permit, and to make permits a must for e-rickshaws.

JioCinema in 11 languages for free. On linear and offline TV, the series will be aired live on Colors Tamil (Tamil), Colors Bangla Cinema (Bengali), Colors Kannada Cinema (Kannada), Colors Cineplex Superhits (Hindi), Sports18-1 SD, and Sports18-1 HD (English). The series is of great significance for both sides, as they will look to find momentum leading up to the 50-over World Cup. The expert panel for the series across languages will include Suresh Raina, Kedar Jadhav, Aakash Chopra, Nikhil Chopra, Amit Mishra, Anirudha Srikkanth, Abhinav Mukund, Hanuma Vihari, Venkatpathy Raju, Sarandeep Singh, Reetinder Singh Sodhi, Rahul Sharma, VRV Singh, Kiran More, Sheldon Jackson, Bhargav Bhatt, Jatin Paranjpe, Shreevats Goswami, and VA Jagadeesh, among others. After shattering all records and establishing unprecedented levels of engagement, viewership, and concurrency during the IPL 2023, JioCinema will offer viewers their favorite sport in a never-seen-before presentation for free.

macroeconomic data. The domestic institutional investors (DIIs) were net buyers again and invest ₹850 crore in Indian stocks today. As per the NSE data, FIIs cumulatively bought ₹10,375.25 crore of Indian equities, while they sold ₹12,006.88 crore --- resulting in an outflow of ₹1,631.63 crore.

Steel Authority of India (SAIL), India Energy Exchange (IEX), Manappuram Finance, India Cements, Delta Corp, National Aluminium Company, REC Ltd, Hindustan Copper, Indiabulls Housing Finance are the nine stocks that are a part of the F&O ban list by the stock exchange for Thursday. The NSE updates the list of securities in F&O ban for trade everyday. The derivative contracts in the mentioned securities have crossed 95 per cent of the market-wide position limit and have been currently put in the ban period by the stock exchange, said NSE.

Investing.com — U.S. crude oil stockpiles jumped nearly 4 million barrels in the just-ended week, the first surge in five weeks, and fuel inventories rose by as much or more, indicating lower demand as the peak summer driving season drew to a close, the government reported on Wednesday.

By Davide Barbuscia