BLOCK Financial News

India's government has told a court that Elon Musk's X is a «habitual non-compliant platform» and for years has not followed many orders to remove content, undermining the government's role, according to a legal filing reviewed by Reuters. The remarks were contained in an Aug. 24 non-public filing by India's IT ministry to the high court in the southern state of Karnataka, which is set to hear a challenge brought by the social media platform over a government fine in coming days.

telecom carriers— Reliance Jio, Bharti Airtel and Vodafone Idea have completed the Telecom Commercial Communications Customer Preference Regulations (TCCCPR) trials for voice and are readying a strategy to implement the regulatory framework. «The framework is already ready. Trials have been done, and very soon it (TCCCPR) will be rolled out.

Narendra Modi will visit Madhya Pradesh and Chhattisgarh on Thursday to launch a slew of projects in the two states. His office said in a statement that he will lay the foundation stone of projects worth over ₹50,700 crore in Madhya Pradesh from an event in Bina in the state. The projects include a petrochemical complex at Bina refinery and 10 new industrial projects across the state.

Bihar were hospitalised on Tuesday (September 12) after they fell ill after consuming their mid-day meal, an official said. “Around 50 schoolchildren complained of stomach aches and vomiting after allegedly consuming a mid-day meal at a primary school in Dumra Block of Sitamarhi district on September 12,” the official said. The children were referred to Sadar Hospital. The condition of all the children is stable, an official said. Dr Sudha Jha from the Sadar Hospital said, «They have complained that a chameleon was found in the mid-day meal. They had consumed the same food.

₹7 lakh a year through international credit and debit cards will be subject to TCS levy at the rate of 20 per cent effective 1 October 2023. Yes, taxpayers can claim a TCS refund in your Income Tax Return.

Dozens of people died in a fire at an apartment block in Vietnam's capital Hanoi, state media said Wednesday, with witnesses reporting screams from inside and a small child was thrown from the building. The fire started just before midnight on Tuesday (1700 GMT) in the parking floor of the 10-storey building, witnesses said, an area packed with residents' motorbikes. "Authorities have rescued about 70 people, rushing to hospital 54 people, including dozens of dead," the official Vietnam News Agency said.

Around 50 school children complained of stomach ache and vomiting allegedly after consuming a mid-day meal at a primary school in Dumra Block of Sitamarhi district, Bihar on 12 September. The children were referred to Sadar Hospital. According to the doctor, the children are fine now.

Viva Energy shares have collapsed nearly 10 per cent this week, after Dutch oil trading giant Vitol sold a 16 per cent stake in the Australian company which supplies a quarter of the nation’s fuel.

Oil trading giant Vitol launched a $714 million block trade in Viva Energy – worth 16.1 per cent of the company – after market close on Tuesday evening, as revealed by Street Talk.

Tuesday, September 12th, 2023 – Web3 games platform Tamadoge launches its 3D NFT presale on Thursday September 14th, a fortnight after announcing the introduction of staking, and then a week ago a new burn program that has ignited bullish price action for its $TAMA token.

ISSL), on the block almost five years after IndusInd Bank pulled out of a deal to acquire the entity following the collapse of the infrastructure financier in September 2018. Unlike last time, however, bidders can either bid for the custody business or the depository (brokerage) business separately or both together, a document seeking expressions of interest (EOI) showed. ISSL is a rare non-bank custodian that holds financial securities like stocks, bonds or gold for safekeeping. It also has a separate depository licence that allows it to offer brokerage services. «ISSL is neither a big depository nor a custodian; so there is not much business to be gained.

Diverting Mississippi River water to states struggling with water scarcity isn't a new idea

The Department of Defense has awarded $20.6 million to developers of the proposed Talon nickel mine in Minnesota under a program to strengthen domestic supply chains for critical minerals

Fast-food workers in California are poised to get a $20 minimum wage next year under a deal announced Monday between labor unions and the restaurant industry, potentially killing a multimillion-dollar referendum that was slated to go on the state’s November 2024 ballot. Under the deal, state fast-food workers at chains with at least 60 national locations must be paid an hourly wage of $20 as of April 2024. California’s minimum wage is currently set at $15.50, and is poised to rise to $16 an hour in January.

Gracy Chen, Managing Director at crypto exchange Bitget, has indicated that crypto know-your-customer (KYC) measures are expected to become increasingly stringent in the near future.

Alphabet Inc.'s Google spends around more than $10 billion a year to maintain its position as the default search engine on web browsers and mobile devices, said US Justice department during the antitrust trial, that began in Washington on Tuesday. “This case is about the future of the internet and whether Google’s search engine will ever face meaningful competition," Kenneth Dintzer, a government lawyer, said in his opening statement. “The evidence will show they demanded default exclusivity to block rivals." The government lawer accused Google of abusing its monopoly in general search.

Chandrababu Naidu, his legal team moved two pleas in the High Court — one seeking quashing of the case and another a bail petition. They are likely to come up for hearing on Wednesday. The former chief minister was arrested for his alleged role in a multi-crore Skill Development Corporation scam and is currently lodged at Rajamahendravaram central prison after the court in Vijayawada remanded Naidu in judicial custody for 14 days on Sunday. On Monday, a team of lawyers headed by senior counsel Siddharth Luthra representing Naidu had filed a petition to grant house custody to the former CM, citing threat perception.

MUMBAI : L &T Finance Holdings Ltd shares ended the day 3% down at ₹126.80 after US-based investment firm Bain Capital sold a 2.82% stake or 70 million shares in the company for ₹910 crore through a block deal. The shares were sold at ₹130 apiece.

₹126.80 after US-based investment firm Bain Capital sold a 2.82% stake, or 70 million shares, in the company for ₹910 crore through a block deal. Shares were sold at ₹130 apiece.

TOKYO—A Chinese aircraft carrier and around two dozen other Chinese warships were gathering in the western Pacific, according to authorities in Taiwan and Japan, an unusually large group suggesting Beijing may be planning major naval exercises. The movement follows a flurry of U.S. military activity in the region, and comes as efforts by Washington and Beijing to improve relations appear to have lost momentum.

Mining baron Anil Agarwal on Tuesday said the Konkola Copper Mines, which returned to his London-based firm Vedanta Resources last week, can be moved to the group's India-listed firm Vedanta Ltd «at the right valuation». Last week, Zambia agreed to return control of Konkola Copper Mines (KCM) to Vedanta Resources, which is the parent firm of Mumbai-listed Vedanta Ltd. The Zambian government, which owns a 20 per cent stake in KCM, will allow Vedanta to resume control and operate KCM's mines and smelter after the company renewed a pledge to invest more than USD 1.2 billion to increase output and repay outstanding debts. «Going forward, my thought is that we must maximize synergies between KCM and Vedanta Ltd's refining/smelter businesses in UAE & India,» Agarwal said in a post on X.