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interest equalisation scheme on pre- and post-shipment rupee export credit for one more month till September 30 to promote the country's outbound shipments. The scheme, which provides exporters interest benefits, ended on August 31. In June, it was extended for two months. In a trade notice, the Directorate General of Foreign Trade (DGFT) said, «Trade and industry is hereby informed that the Interest Equalization Scheme for Pre and Post Shipment Rupee Export Credit, which had earlier been extended up to August 31 as a fund limited scheme, has been further extended for one month i.e., up to September 30, 2024.» It said, however, this extension is applicable only for MSME manufacturing exporters.

Bombay High Court on Wednesday refused to direct CBFC to issue a certificate as the Madhya Pradesh High Court has already ordered the Censor Board to decide the representations made by the Jabalpur Sikh Sangat, which have objected to the film and its Trailer. Further, the Bombay High Court ordered CBFC to decide the representations made by the Jabalpur Sikh Sangat or anyone else, latest by September 18. The next hearing has been scheduled for September 19. A division bench of Justices Burgess Colabawalla and Firdosh Pooniwalla heard the plea. It went through the order of the Madhya Pradesh High Court after hearing the arguments of senior advocate Venkatesh Dhond appearing for Zee Studios and advocate Abhinav Chandrachud representing the Central Board of Film Certification (CBFC).

Uttarakhand Chief Minister Pushkar Singh Dhami, while reviewing the Agriculture and Horticulture Department in the Secretariat on Tuesday, directed the officials to make effective efforts towards increasing the economy of farmers in the state more rapidly. «It should be ensured that farmers as a package. Programs should be organised at the state and district level so that farmers get the full benefit of various schemes being run by the central and state governments in the interest of farmers,» Dhami said. Dhami directed the officials in the meeting to expedite the construction of polyhouses, which would help increase the income of farmers and promote self-employment.

Nvidia as it deepens its probe into the AI heavyweight's antitrust practices, Bloomberg News reported on Tuesday, citing people familiar with the investigation. The antitrust watchdog had previously delivered questionnaires, and has now sent legally binding requests to Nvidia, the report said, adding that other companies had also received subpoenas. Officials are concerned that the chipmaker is making it harder to switch to other suppliers and penalizes buyers that do not exclusively use its artificial intelligence chips, the report said.

Musk's satellite broadband firm, Starlink, on Tuesday said that it is complying with Brazil's top court order to block access to social media platform X in the country, a day after informing the country's regulator it would not obey the order. Starlink had emerged as a fresh battleground between Musk and Brazil, as top court judge Alexandre de Moraes ordered the freeze of the company's accounts for possible use to pay fines owed by X, which is also owned by Musk. «Regardless of the illegal treatment of Starlink in freezing of our assets, we are complying with the order to block access to X in Brazil,» Starlink, which has more than 200,000 customers in the Latin American nation, said in a post on X.

digital transactions are fairly seamless. Now, the Reserve Bank of India wants to expand the country’s unified payments interface, or UPI, to lending: The central bank’s governor has repeatedly promised that a “unified lending interface” will soon be rolled out. That carries great potential — and not a little risk. India’s model for financial interconnectedness is based around what it calls “digital public infrastructure.” The idea is simple: The government, or a closely regulated quasi-public entity, invests in, manages, and pays for the system through which digital transactions take place. Businesses can create apps that use this infrastructure; interoperability is built in, so those apps must compete on cost and quality rather than on the size of their network. Consumers can decide how much of their information they are willing to share with specific apps or for specific transactions, and theoretically the seller’s access to private data is neither permanent nor very deep. The Indian IT whizzes who designed the system insist it avoids the worst of the US model (which is fragmented, insecure, and expensive), European systems (which are overregulated, lecture to business, and stifle innovation) and the Chinese network (which does not privilege privacy or allow for accountability to civil society).

Oil prices fell on Wednesday, extending the previous day's more than 4% plunge, on expectations the political dispute that has halted Libyan exports may be resolved and concerns over lower global demand growth. Brent crude futures for November fell 28 cents, or 0.4%, to $73.47 at 0052 GMT after dropping 4.9% in the previous session. U.S. West Texas Intermediate crude futures for October were down 31 cents, or 0.4%, to $70.03 after dropping 4.4% on Tuesday.

Elon Musk’s satellite-based internet service provider Starlink has backtracked and announced it will comply with a Brazilian Supreme Court justice’s order to block the billionaire’s social media platform, X

indicators like unemployment rates and inverted yield curves being commonly monitored. However, unconventional signs can also offer clues. Amid current financial uncertainty, both investors and consumers are wary of a potential recession. Despite the guidance of indicators such as the inverted yield curve and the SAHM Rule, which are currently flashing red, predictions about economic downturns have been imprecise recently.

A former state employee who said he leaked information about the plans to build golf courses and hotels in Florida’s state parks has apparently been fired

National Company Law Tribunal (NCLT) on Tuesday issued a notice to the suspended management of grounded budget carrier Go First, seeking its response to the Committee of Creditors' (CoC) decision to liquidate the airline. The counsel for the resolution professional (RP) informed the tribunal that the CoC had passed a resolution to liquidate Go First after finding that the resolution plans received under the insolvency resolution process were non-compliant with the law. Further, the counsel said since the CoC has already infused more than ₹200 crore in the insolvency resolution process, and with no cash being generated by the airline, the CoC has approved a resolution allowing third-party funding of the arbitration proceedings that Go First has filed against US engine maker Pratt & Whitney (P&W) at the Singapore Court of Arbitration.

Slow Horses Season 4 is set to premiere on Apple TV+ with its first two episodes on September 4, 2024. The series, known for its gripping narrative, will continue with weekly episode releases.

Supreme Court has directed the registrar general of the Madras High Court to furnish a report following a claim by the Central Bureau of Investigation that a Madras High Court judge passed a single line order in its case but made the detailed order available after he demitted office. A division bench of justices Abhay Oka and Augustine George Masih was informed that the operative portion of the judgment was delivered before the judge retired. But the detailed judgment was made available on the high court website only after Justice T Mathivanan demitted office in May 2017. The judgment pertained to quashing a corruption case filed by CBI against an IRS officer.

Apollo Global Management Inc. co-founder Josh Harris’ alternative asset manager 26North Partners LP has struck its first private equity deal.

Congress is exploring the possibility of an alliance with AAP in poll-bound Haryana. The INDIA bloc partners had stated earlier that their electoral understanding was restricted to the Lok Sabha polls, when Congress contested nine out of 10 seats in the state and AAP one. However, there has been a growing realisation that if the two parties were to fight the assembly elections separately it could mean fragmentation of anti-BJP votes. According to people privy to talks, AAP has sought 10 out of 90 assembly seats but Congress is willing to part with seven. Two rounds of talks have taken place between AAP's Rajya Sabha MP Raghav Chaddha and Congress general secretary KC Venugopal, they said, adding another round of talks will take place soon.

Infosys on Tuesday issued more appointment letters to the remaining engineering graduates who are awaiting onboarding for the last two years. The move comes a day after the Bengaluru based IT major sent more than 1,000 appointment letters on Monday. People close to the development said that Infosys is seeing a better demand environment and the appointment letters will be sent gradually to everyone who is waiting to onboard by December of this year. They said that with Infosys revising its revenue guidance upward to 3-4% for the full year against its earlier guidance of 1-3%, the company now requires more headcount than earlier. Meanwhile, last week, Infosys’ chief executive, Salil Parekh, in an interview to PTI, said, “We changed some dates but beyond that everyone will join Infosys and there is no change in that approach.”

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AU Small Finance Bank has formally made an application to the Reserve Bank of India for voluntary transition to universal bank, the bank announced Tuesday. «We wish to inform (you) that the bank has submitted an application to the Reserve Bank of India to seek approval for voluntary transition from a small finance bank to universal bank on September 03, 2024,» the bank said in a regulatory filing to the stock exchanges. Transition to universal banks would mean that AU would have to follow easier regulatory norms in certain aspects — its capital adequacy requirement would come down to around 11.5% (including capital conservation buffer) from 15%, the priority sector lending norm would be lower at 40% instead of 75%, and the stipulation of having at least 50% of loan portfolio in loans less than Rs 25 lakh would no longer exist.

The Dutch data protection watchdog has issued facial recognition startup Clearview AI with a fine of 30.5 million euros or $33.7 million over its creation of what the agency called an “illegal database” of billion of photos of faces

Passenger planes come into contact at New Chitose Airport during wintry weather conditions. (Credit: Reuters)