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Indian Oil Corporation (IOC) on Monday announced that it has withdrawn its Rs 22,000 crore rights issue as the government will not participate owing to the non-allocation of funds to the oil marketing companies (OMCs) in the Budget 2024-25. “This is in continuation of our earlier intimation dated 07.07.2023 wherein it was informed that the Board has accorded approval for raising of capital by way of issue of equity shares on right basis up to an amount not exceeding Rs 22,000 crore (Rupees Twenty-Two Thousand crore only), subject to receipt of necessary statutory approvals,” said IoC’s filing to the stock exchanges.

social media account of 'Hindutva Watch' on the basis of certain alleged offending posts is «disproportionate» and contrary to the law, social media giant 'X' has told the Delhi High Court. X Corp. (formerly known as Twitter), in an affidavit filed in a case, informed the court that there are no reasons recorded in the 'blocking order' of the government which issued the order to block the account of 'Hindutva Watch' despite the objections raised by the intermediary. «It is admitted that respondent no. 1's (Centre) non-disclosure of relevant material to the affected party renders the right to be heard meaningless, as the affected party is unaware of the evidence against them and cannot adequately explain or rebut it,» X said. The court was hearing a petition by journalist Raqib Hameed, founder of Hindutva Watch, seeking to quash the Centre's blocking order issued under the Information Technology Act.

DY Chandrachud admonished a lawyer for using the informal term «yeah» while addressing the bench in a court session. The Chief Justice emphasized that such casual language is inappropriate in a courtroom setting. The incident occurred when the lawyer mentioned a 2018 petition in which former Chief Justice of India Ranjan Gogoi was named as a respondent. Chief Justice Chandrachud questioned the validity of filing a Public Interest Litigation (PIL) against a judge. The lawyer responded, «Yeah, yeah, the then CJI Ranjan Gogoi… I was asked to file a curative...» However, he was interrupted by the Chief Justice, who said, «This is not a coffee shop! What is this yeah yeah. I am very allergic to this yeah yeah. This cannot be allowed.»

OpenAI used a system of nondisclosure agreements to stifle public criticism from outgoing employees. Current and former OpenAI staffers were paranoid about talking to the press. In May, one departing employee refused to sign and went public in The Times. The company apologized and scrapped the agreements. Then the floodgates opened. Exiting employees began criticizing OpenAI's safety practices, and a wave of articles emerged about its broken promises. These stories came from people who were willing to risk their careers to inform the public. How many more are silenced because they're too scared to speak out? Since existing whistle-blower protections typically cover only the reporting of illegal conduct, they are inadequate here. Artificial intelligence can be dangerous without being illegal. A.I. needs stronger protections — like those in place in parts of the public sector, finance and publicly traded companies — that prohibit retaliation and establish anonymous reporting channels. OpenAI has spent the last year mired in scandal. The company's chief executive was briefly fired after the nonprofit board lost trust in him. Whistle-blowers alleged to the Securities and Exchange Commission that OpenAI's nondisclosure agreements were illegal. Safety researchers have left the company in droves. Now the firm is restructuring its core business as a for-profit, seemingly prompting the departure of more key leaders.

cement pillar on the railway track of the Jhansi-Prayagraj route, officials said. The incident was reported after a loco pilot of the passenger train 11801, en route from Jhansi to Prayagraj, noticed the obstruction near Raivara village. The pilot promptly applied emergency brakes and informed the control room. The railway personnel, including Government Railway Police (GRP), Railway Protection Force (RPF), and local police, arrived at the site and removed the cement pillar. The boy, who was grazing animals nearby, was detained and questioned by the police. During the interrogation, he admitted to placing the pillar on the track as a prank. Kabrai police registered a case based on the complaint filed by Rail Path Inspector Rajesh Kumar. «A case has been registered against the teenager under section 327 of the Bharatiya Nyaya Sanhita for mischief with intent to endanger safety, and under section 150 of the Railways Act for attempted wrecking of a train,» Additional Superintendent of Police (ASP) Vandana Singh told Times of India.

Election Commission suspended 23 government officials and seized a total of Rs 130 crores through enforcement agencies in violation of the Model Code of Conduct (MCC) guidelines during the Jammu-Kashmir assembly polls. As per the state election commission office, 20 employees had also been transferred from their incumbent offices to offices in other tehsils and districts against whom complaints were registered for acting in favour of a political party. Besides these, the commission had also disengaged six contractual and ad hoc employees for the violation of MCC guidelines.

Subscribe to enjoy similar stories. Bankruptcy resolution professionals who shepherd broke companies to their new homes are increasingly under fire from lenders, at a time of shifting landscape in India's insolvency resolution. Over the last two years, a number of RPs have found themselves in the dock, on charges varying from wrongful classification of creditors and collusion with previous managements, to mismanagement of daily affairs.

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British Columbia saw a rare unanimous vote in its legislature in October 2019, when members passed a law adopting the United Nations Declarations on the Rights of Indigenous Peoples, setting out standards including free, prior and informed consent for actions affecting them.

Donald Trump held a rally in Pennsylvania on Sunday, his fourth campaign stop in a month in what has become the 2024 campaign's most hotly contested state. The former president had begun addressing supporters in Erie, in Pennsylvania's northwest corner, shortly after 2 p.m. local time (1800 GMT). His rally comes one month to the day after his running mate, U.S. Senator JD Vance, held his own event in the lakeside city, and six days before Trump is due to hold another rally in western Pennsylvania, on October 5. Many allies and informal advisers to Trump privately characterize Pennsylvania as the most important of the battleground states in the November 5 election.

ownership rules that differ from nation to nation. Banks handling foreign direct investments (FDI) into local companies and overseas direct investments (ODI) by Indian investors venturing abroad, vet the last natural persons behind the larger shareholders of the investing entities. But, in several cases they are unable to peel off the layers to spot the real persons at the peak of what could be a multi-layered investment structure — primarily due to less demanding disclosure requirements in several jurisdictions.

Subscribe to enjoy similar stories. The Burman family, the largest shareholder in Religare Enterprises Ltd, has called for removing its chairperson Rashmi Saluja from the board of subsidiary Care Health Insurance Ltd, ahead of the insurer's annual shareholders' meeting on Monday. In a 27 September letter to the board of Care Health citing the insurer's Articles of Association, the Burman family wrote that a recent Enforcement Directorate (ED) investigation against Saluja makes her unsuitable for the post of director.

Subscribe to enjoy similar stories. New Delhi: The Coalition for Disaster Resilient Infrastructure (CDRI), an international organization based in New Delhi, is planning to tap artificial intelligence (AI) to curb infrastructure-related disasters, which also be discussed at the 29th United Nations Climate Change Conference (COP29), said director general Amit Prothi. “We will have a discussion on data at COP29.

Calcutta High Court has upheld a Rs 780 crore arbitration award in favour of Reliance Infrastructure Ltd in a dispute with West Bengal-based Damodar Valley Corporation, the Anil Ambani group firm said in a stock exchange filing. More than a decade back, Reliance Infrastructure had won a contract to set up a 1,200 MW thermal power plant in Purulia in West Bengal for Rs 3,750 crore. The project was delayed due to disputes and other reasons, leading to DVC seeking damages from Reliance Infrastructure. Reliance Infrastructure, however, challenged this, and an arbitration tribunal in 2019 ruled in favour of the company and directed DVC to pay Rs 896 crore to the company. DVC challenged the order of the arbitral tribunal in the Calcutta High Court, which was dismissed by the court.

Mann Ki Baat' set to complete 10 years, Prime Minister Narendra Modi on Sunday said contrary to the belief that only spicy or negative conversations receive much attention, the monthly radio broadcast has proven that people like positive stories and inspiring examples. Speaking in the latest episode of the radio programme in which he talks about social issues and highlights people's efforts for a cause in different parts of the country, Modi described it as an «emotional» episode and said the programme has become a unique platform that celebrates the spirit of India. The prime minister said the monthly radio broadcast showcases the collective strength of the nation. «This episode today is going to make me emotional. It's flooding me with a lot of old memories...The reason is that this journey of ours in 'Mann Ki Baat' is completing 10 years. 10 years ago 'Mann Ki Baat' started on the day of Vijayadashami on October 3,» Modi said.

Hezbollah leader Sayyed Hassan Nasrallah was killed in an airstrike in Beirut. Reports indicate that an Iranian mole provided Israeli authorities with critical information about his whereabouts just hours before the attack. According to the French newspaper Le Parisien, the mole informed Israeli officials that Nasrallah was at Hezbollah's underground headquarters in Beirut's southern suburbs for a meeting with top members of the organization. Around 1.30 pm IST yesterday (11 am Lebanon time), Israel Defence Forces said in a post on X, «Hassan Nasrallah will no longer be able to terrorize the world.» Later in the day, Hezbollah confirmed the news. «Sayyed Hassan Nasrallah… has joined his great, immortal martyr comrades whom he led for about 30 years,» it said in a statement. The recent airstrike is part of Israel's ongoing campaign against Hezbollah, which has been bolstered by significant intelligence efforts. A report from The New York Times highlights that Israel has devoted increased resources to gather intelligence on Hezbollah since the 2006 war, a conflict that ended without a decisive Israeli victory.

railway track in the Bairia area here, the RPF has formed a special team to solve the case, and patrolling is being done on the rail route, an official said. Circle Officer (Bairia) Mohammad Usman said that it is to be investigated if the incident is a conspiracy or mischief. Railway Protection Force Commandant S Ramakrishnan on Sunday told PTI that it appears that some mischievous elements have placed stones on the railway track. A special team has been formed to solve this case. Along with this, patrolling is being done on the rail route. RPF and the local police are working together. He added that this case will be solved soon.

Companies News Today Live Updates: Stay ahead of the curve with the latest insights from the corporate world through our company news coverage. This section provides a detailed look at significant events affecting industries and markets globally, including mergers, acquisitions, financial reports, and strategic shifts in leadership and operations.

Best water purifiers in India: Top 8 RO and UV options for safe and pure drinking waterThe Livpure Allura Premia Water Purifier features 10-stage advanced purification technology, ensuring the highest water quality for your family. With a 7L storage tank, it includes an Alkaliser that enhances pH levels for optimal hydration.

Bank of America (BofA) has placed two bankers in India on administrative leave as part of an internal investigation following a whistleblower complaint, alleging they had tipped off certain investors of upcoming secondary offerings, the Financial Times reported. The tip-off from the bankers — including a senior member of BofA's Indian investment banking operation — allowed the investors to «front run» the stock sales and profit from non-public information, FT said citing unnamed sources. While the BofA investigation is looking at a number of deals, it is focused on a $200-million stock sale for Sun Life, the life insurance subsidiary of Indian conglomerate Aditya Birla, in March, it said.

EWS flats were sold out in DDA's Sasta Ghar and Madhyam Vargiya Housing schemes, an official statement said on Saturday. In Ramgarh, out of 183 LIG flats in the scheme, 153 flats were sold, it said. While 708 LIG flats were sold in Rohini and around 250 flats were booked in Narela. Among the EWS segment, around 300 flats were sold out in Narela and all 139 flats offered in Loknayakpuram were also booked, it said. Since the first day of the booking on September 10, the scheme has received an impressive response with all HIG flats offered at Jasola being sold out on Day 1, the statement said.