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The Department of Telecommunications (DoT), which is due to publish the rules soon after having sought views from multiple stakeholders end-August, might also build a regulatory framework that overlaps with the Ministry of Electronics and IT (MeitY's) existing cybersecurity regulations, creating room for multiple interpretations and potential complications. Hence, telecom operators have approached the DoT regarding some problematic areas, including the scope of the rules and stringent conditions that essentially increase their compliance liabilities. «The rules make telcos responsible for any misuse of telecom resources by consumers. If some user commits a crime, why should the company be penalised?» asked a senior telco executive, requesting not to be named.

The investigation wings of the Income Tax (I-T) department across the country have been told by the central direct tax body to collect information on agreements where individuals and Hindu Undivided Families (HUFs) had struck a deal with developers but may not have paid tax even after the buildings received 'completion or occupation certificates' (CC/OCs). CC/OCs are typically issued by municipal authorities of states once the construction is complete and the projects are in a ready-to-move-in state.

Gentari Sdn Bhd, the clean energy arm of Malaysia's state-run Petronas Group, has agreed to acquire a part of the renewables portfolio of Brookfield Asset Management for $900 million, inclusive of debt, following months of talks, said people with knowledge of the matter. Last week, both parties signed a firm agreement that will see Gentari take control of a 2.2 GW portfolio of assets. This is the first time Brookfield will be monetising part of its green energy portfolio after building, acquiring and operating the assets for over five years. Gentari is expected to seek regulatory approvals in the next few days before any formal announcement. Its portfolio in India will double from the current 2 GW capacity. This will be its second acquisition in India this year. Gentari had bought the 185 MW solar power portfolio of Finnish firm Fortum Oyj in May.

Jannik Sinner became the first player to advance to the semifinals at the ATP Finals on Thursday. U.S. Open finalist Taylor Fritz, meanwhile, needs to wait to find out if he's in or out. Sinner was assured of a spot in the last four after Fritz rallied past Alex de Minaur 5-7, 6-4, 6-3 in their group. Sinner won his opening two matches and plays Daniil Medvedev later. Last year, Sinner lost the final to Novak Djokovic, who pulled out injured this year.

Sean Diddy Combs is currently held in the 4 North unit of Brooklyn's Metropolitan Detention Center (MDC) which is a facility known for housing high-profile inmates like Sam Bankman-Fried and R. Kelly, reported The Mirror US. The dormitory-style environment accommodates around 20 inmates and features unique aspects which include holes that allow inmates to see and communicate with women on a lower floor, revealed the former inmates. According to The Mirror US life in this unit for the inmates is described as somewhat monotonous while it has severely limited privacy with small beds placed closely together and very basic amenities like access to tablets for movies and games. Sean Diddy Combs is lodged in MDC and is awaiting trial on serious charges which includes sex trafficking and racketeering eventually which he has denied. Also Read: Stellar Blade x Nier Automata DLC: See release date, pricing and outfits

Kevin Costner was recently spotted at a party in New York City with 30 year old athlete and Assistant District Attorney Christian Rain Castaneda following his divorce from Christine Baumgartner and the shocking exit of his character John Dutton from the hit series Yellowstone, reported Parade. According to Parade, the event which took place pretty recently was eventually hosted by Jason Binn of DuJour Media where Kevin Costner was seen in a stylish dark blue turtleneck and black glasses while Christian Rain Castaneda wore an elegant all-black outfit. Also Read: The Leonid Meteor Shower: How to See It Even with a Nearly Full Moon

Diego Forlán's newfound career in professional tennis started with a doubles loss at the Uruguay Open. The 45-year-old Forlán and Federico Coria of Argentina lost 6-1, 6-2 to Boris Arias and Federico Zeballos in the first round of the ATP's second-tier challenger tour. Forlán and Coria were granted wild-card entries to play doubles in the tournament.

Transformers One will soon be available for streaming on Paramount+. Directed by Josh Cooley, the movie hit theaters last month and will now reach a wider audience via digital platforms.

meteor shower peaks this weekend, however, that bright glowing orb will still be nearly full, so most places will probably be obscured by all but the brightest meteors, as quoted in a report by Time. The Leonids are famous for their meteors, which can reach speeds of up to 70 kilometres per second (44 miles per second). King's College London's Shyam Balaji stated that unfortunately this year, the viewing conditions will be affected by a nearly full moon. The chances of seeing more meteors can be increased by watching in the early morning when the moon is lower in the sky.

Rajnath Singh is likely to meet his Chinese counterpart Dong Jun at an event in Laos next week. Following the border patrolling agreement with China that led to disengagement of troops in eastern Ladakh, Singh-Dong meeting would be the first high-level engagement between the two countries. Singh will visit Laos to attend ASEAN Defence Ministers Meeting Plus (ADMM Plus), where he is likely to meet his outgoing US counterpart as well. Sources said while the meeting with Dong has not been finalised yet, the interaction could take place on the sidelines of the two-day event.

COP29 on Thursday stressed the need to improve transparency, access and affordability of finance to enable climate action across the world. Initiating the dialogue on the designated 'Finance and Trade Day' of the summit, UN climate chief Simon Stiell said for climate finance to deliver, it will need to be accessible, predictable and commensurate to the challenges faced in developing countries. Referring to the findings of the progress report on efforts to raise over $100 billion a year prepared by the COP's Standing Committee on Finance, Stiell said the overall trend shows an increase in the funds with more money being allocated for adaptation. However, there is a need to improve transparency, access and affordability, he said. «The new goal is not just about a target but about enabling action,» the UN climate chief stressed.

Food services and hospitality company SKFS Group is acquiring 100% equity in Mirah Hospitality & Gourmet-which owns restaurant brands Rajdhani, Bayroute and Hitchki-for ₹80 crore. «We are looking to scale up the business nationally; we see this as a strategic acquisition to take forward our food services business, with fresh investments in upgradation of our existing outlets,» SKFS Group chairman Dinakara Shetty told ET. He said the group's existing business verticals «will align and synergise well» with the acquired restaurant brands.

Steve Bannon, the prominent right-wing figure and former advisor to President Trump, faces a looming state fraud case that could have serious consequences. After his federal pardon, Bannon is now indicted in New York on state charges related to defrauding donors for a border wall project. Despite his past legal troubles, including time served in federal prison, Bannon's connection to Trump has raised questions about whether the former president could intervene. However, Trump's power is limited in state cases, leaving Bannon's future uncertain.

Murugappa Group has signed a deal to acquire German specialty chemicals firm Hubergroup for an enterprise value of $310 million, a move that will help it expand in the global print and packaging sector. The acquisition was finalised this week and will see Murugappa, along with investment firm Avenue Capital Group, take full ownership of Hubergroup from Cornelius Treuhand Holding, pending regulatory approval. The transaction includes $160 million to refinance Hubergroup's debt and a $150-million equity infusion from Murugappa besides working capital, according to sources familiar with the matter.

frugal innovation and it can use the millennium-old Vedic wisdom to build the frugal economy that truly benefits people, society and the planet, Navi Radjou, management thinker and author of 'The Frugal Economy' said at the event. «Let's apply the three Dharmic principles of cooperation, distribution and regeneration to achieve both Atmanirbhar Bharat (self-reliant India) and Viksit Bharat (developed India),» he said. The Puducherry-born author said that Indians need to bravely stretch the limits of imagination to develop the country.

Tesla CEO Elon Musk solely gained near about $26.5 billion. The US Mirror reported that Elon Musk who was a prominent supporter of Donald Trump reportedly funneled around $200 million into Donald Trump's campaign through his super PAC. Also Read: Major security breach at Obama's Hawaii home: Secret Service agent violates protocol, uses ex-President's beachfront property for frisky meet-up with lover

Indian audit standards with global norms is a «major reform towards corporate governance and making India a developed country» by 2047, National Financial Reporting Authority (NFRA) chairman Ajay Bhushan Prasad Pandey told ET, while allaying fears it would lead to audit work concentration or disruptions. Pandey added that 39 of the 40 new audit rules proposed by the NFRA board this week will be applicable to all companies without any special dispensation. The revised standard on auditing (SA) 600, which proposes to make the principal auditor responsible for the entire corporate group's financial statements, would apply only to listed companies, banks and insurers, barring the state-run ones, he said. «We can't afford to have any standards that will be at variance with the global ones and which don't inspire trust and confidence of investors, both global and Indian,» Pandey said. «A developed India can't afford to have inferior audit standards. The upgrade will help detect any deviation or irregularity (in the financial performance of companies) at a very early stage, thereby protecting the interests of shareholders.»

Viacom18's TV and digital businesses into Star India securing all necessary regulatory approvals in India and abroad. In February, Reliance Industries (RIL), Viacom18 Media and The Walt Disney Company had signed an agreement to combine Viacom18 and Star India's assets to create India's largest M&E company valued at ₹70,352 crore ($8.5 billion).

Olivia Nuzzi, RFK Jr.'s «digital» mistress, dropped her claims against her ex, Ryan Lizza, in their ongoing legal battle. The accusations, which included blackmail, device hacking, and threats of violence, were withdrawn after Nuzzi faced pressure from evidence her ex’s legal team presented.

Nykaa founder and CEO Falguni Nayar on Thursday said India is a big opportunity for Nykaa and it may look at venturing into the wellness segment in the future as it is a good sustainable business. Speaking at the CNBCTV18 Global Leadership Summit here, she said it is the culture and speaking to the customers that matters in her business more than the cost. «I think Nykaa would love to go into wellness, which is a good long-term sustainable business that we'd like to pursue beyond beauty and fashion,» Nayar said when asked about the five-year roadmap for Nykaa. Stating that she continues to remain «very excited» about India and bringing great research-driven products to the country that Indians love, she said, «Privately, building products is what current focus is but in the long- run it could also be services.