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defence ministry is tightening the monitoring of defence equipment being manufactured in India and has asked the industry to strictly follow end-user certification rules when it comes to exports, after some reports of equipment going into the «wrong hands» have come up. The Indian defence sector has seen a sharp increase in production of arms and weapons for both internal use and export orders in the past few years. Weapons manufacturing is on the rise throughout the world, given the Ukraine-Russia crisis, and multiple reports have emerged of weapons landing up on either side of the conflict without proper authorisation by the country of origin. The ministry is now looking to set up an internal portal that will monitor consumption patterns of imports being done by defence sector companies, particularly when it comes to explosives and primers.

Chandigarh's Sector 25, a stage has been set up. It is a show of unity — Congress, Aam Aadmi Party and Samajwadi Party leaders are sitting side by side and patiently waiting for their candidate, Congress spokesperson and former minister Manish Tewari. As soon as he enters the ground, two youths approach him and carry him on their shoulders with party workers thronging to garland him. By the time he reaches the stage, the garlands are almost covering half his face. He gets on the stage and local leaders begin their speeches. Tewari keeps it short as he is on a clock. He has just wrapped up a rally with Congress general secretary Priyanka Gandhi Vadra and has to catch up on the day's campaign schedule. «Dakshin Bharat mein BJP saaf hai, uttar Bharat mein BJP half hai. They are not crossing 150. INDIA bloc is forming the next government,» he says adding, «When I say we will give free 200 units of power to any family with an income below ₹20,000 per month, BJP says I have lost my mental balance. But I am not taking out money from their pockets. It is government's money that we will use.» Tewari is running a high-pitched campaign with the help of the Congress and AAP cadres.

China has set up the country's largest-ever semiconductor investment fund to propel development of the domestic chip industry, the latest effort from Beijing to achieve self-sufficiency as the US seeks to restrict its growth. The third phase of National Integrated Circuit Industry Investment Fund has amassed 344 billion yuan ($47.5 billion) from the central government and various state-owned banks and enterprises, including Industrial & Commercial Bank of China Ltd, according to Tianyancha, an online platform that aggregates official company registration information. The fund was incorporated on May 24.

United Spirits, India's biggest liquor firm, said there is a slowdown in liquor demand because tipplers are limiting social occasions although they are still not downgrading to lower-priced products. The Diageo-controlled company expects the pace of growth to recover in the second half of the year due to a lower base, although it will still be slower compared with the demand surge seen after the pandemic. «On the demand front, the growth has moderated from two years ago. And at the lower end, we continue to see some pressure. Moderation was there during the wedding season, and so growth is continuing to be slower,» the company's managing director and chief executive Hina Nagarajan told analysts during an earnings call.

Congress government in Himachal Pradesh is a bunch of thugs, alleged Union information and broadcasting minister Anurag Thakur while addressing a gathering in his constituency Hamirpur. He is pitted against Congress candidate Satpal Singh Raizada. Ten years of Modi government have made India world's fifth largest economy and your vote for BJP will ensure that Modi government makes India world's third largest economy in the next five years, he said at the gathering. In an interview with ET during his campaign, Thakur said soaring heat seems to have contributed to low voter turnout. One doesn't see much enthusiasm in the Opposition cadres, he said, adding that the morale of Congress and Opposition party workers is not high at all. That is why they «are not turning up to caste votes».

If that is actually true, Gautam Gambhir should be well on the way to being anointed, sorry appointed, India’s next coach. The former little left-hand bat has all the bases covered, on and off the field. As a tigerish batsman who overcame a lack of obvious flair and the kind of talent that makes fans go “wow” Gambhir fought for every run. He worked the ball across his pad to leg, cleared his front foot and crunched past midoff, rocked back to swivel and pull off his hips and cut with a view to keeping the ball on the ground, despite being what you might politely call a shortie. Gambhir was a serious player, no pun intended. He was not a great friend of team-mates in the dressing-room, he was not the life of the party and he sure as hell did not smile unless he absolutely had to.

investment group EQT will now look at deals of $50 million-250 million in India from its newly raised $1.6 billion BPEA EQT Mid-Market Growth Partnership (MMG Fund). The new fund, in addition to the large-cap buyout Asia fund, will look at deals primarily in closely held companies. «As the flagship fund becomes bigger, there is that opportunity in the mid-market space with a ticket size of between $50 million and $250 million that is getting left out,» Hari Gopalakrishnan, partner, EQT, told ET. «So, we are targeting that space with this mid-market strategy. We set out to raise $750 million, but the demand was quite strong. So, we ended up raising twice what we expected.»

Ajit Pawar, one MLA and one state minister from his faction of the NCP are under fire over allegations that they «interfered» with the police case against the drunk minor son of a Pune builder who killed two people with his car on May 19. Ajit Pawar is alleged to have made a call to the Pune Police Commissioner to go «soft» on the minor son of Vishal Agarwal after his arrest for running his car over two people, killing them on the spot. Responding to the allegations, Ajit Pawar, who is also the Guardian Minister of Pune, did not deny making the call to the police commissioner but claimed that it was only to ensure that the police did not succumb to pressure as the son of a «rich person» was involved. «If any such incident happens and if you are the guardian minister, then one would call up the police commissioner. So, I told him (Pune Police commissioner) to not succumb to any pressure as a rich person's family was involved. There was a possibility of different kinds of pressure on police,» said Pawar.

India's liquefied natural gas (LNG) import terminals got busier last fiscal as imports rebounded amid easing of global gas market turbulence seen in the previous two years. Capacity utilisation at most import terminals increased during the year, with utilisation rising to 95% from 78% in FY23 at India's largest import terminal at Dahej, showed oil ministry data. Petronet LNG operates the Dahej terminal in Gujarat. Its other terminal at Kochi operated at 21% capacity in FY24, up from 19%. GAIL's terminal at Dabhol in Maharashtra recorded 43% utilisation, up from 39%, while Indian Oil's terminal at Ennore in Tamil Nadu improved performance to 18% from 13%.

Rajkot Gaming Zone fire tragedy, the Gujarat High Court came down heavily on the civic body on Monday and said that all the municipal commissioners, right from the time the TRP game zone was set up in 2021 till the time of the incident, should be held responsible for the incident. Saying that the HC could no longer trust the state machinery which reacts only after loss of innocent lives, the division bench comprising Justices Biren Vaishnav and Devan Desai asked the municipal commissioners to file individual affidavits. The court further asked the Chief Fire Officers of Ahmedabad, Vadodara, Surat and Rajkot municipal corporations to file affidavits regarding fire safety measures within their respective areas.

Mexico. Women like her play a fundamental role in Mexican society, picking up the burden of domestic labor as a growing number of women professionals enter the workforce. Despite reforms under the current government, many domestic workers continue to face low pay, abuse by employers and long hours.

₹20,000 crore, or 23%, according to data from the rural development ministry released recently. The revised FY24 estimate for the Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS) was ₹86,000 crore, and the actual spending has come to ₹1.06 trillion. However, compared to the ₹1.01 trillion spent on rural jobs in FY23, the increase is only about ₹5,000 crore.

Oil prices perked up in muted trade owing to public holidays in Britain and United States after a downbeat week characterised by the outlook for U.S. interest rates in the face of sticky inflation. The Brent crude July contract was up 76 cents at $82.88 a barrel by 1411 GMT. The more active August contract rose 80 cents to $82.64. U.S. West Texas Intermediate (WTI) crude futures were up 78 cents at $78.50.

Iran has further increased its stockpile of uranium enriched to near weapons-grade levels, a confidential report by the United Nations' nuclear watchdog said Monday. The report, seen by The Associated Press, said Iran now has 142.1 kilograms (313.2 pounds) of uranium enriched up to 60% — an increase of 20.6 kilograms (45.4 pounds) since the last report in February. Uranium enriched at 60% purity is just a short, technical step away from weapons-grade levels of 90%.

spring bank holiday in the UK. Many establishments in the UK will be closed and public transport may be affected according to local customs of the city or county. Which are the establishments that are open or shut, what are the origins of this Spring Bank Holiday and other facts related to this will be explored.

Adani Energy Solutions Ltd, formerly Adani Transmission Ltd, will raise up to Rs 12,500 crore through qualified institutional placement (QIP) or other permissible mode, the company said in a regulatory filing on Monday. «We wish to inform you that the Board of Directors of the company has approved raising of funds by way of issuance of such number of equity shares having face value of Rs 10 each for an aggregate amount not exceeding Rs 12,500 crore or an equivalent amount thereof by way of Qualified Institutional Placement (QIP) or other permissible mode, in one or more tranches,» the company said.

Why this Swedish PE firm is willing to bet $5 billion in India this yearThe Mid-Market Growth strategy—which focuses on the technology, services, and healthcare sectors across Asia, will make investments in South East Asia, Japan and Australia, in addition to India, the firm said. EQT said this strategy “is a natural extension" of its established large-cap buyout platform in Asia.

Also Read: Modi says INDIA bloc performing 'mujra' for vote bank; Priyanka Gandhi quips 'no PM ever used such words'"The INDIA team is holding a meeting on June 1. I have told them I can't join as we have election on 10 seats in West Bengal on the same day.

Indian stock market: Both Nifty 50 and Sensex remained steady after reaching new peaks earlier in the trading day on Monday, May 27. However, they later retreated from these highs due to profit-taking at elevated levels, influenced by a mix of global signals.

the forecast comes as a relief after uneven precipitation and prolonged dry spell last year due to El Nino weighing on farm output that pushed up food prices and led the central bank to cut interest rates.“A normal monsoon forecast by IMD this year will bode well for Andhra Pradesh, Karnataka and Tamil Nadu, Maharashtra, Uttar Pradesh, Bihar and Odisha," Pushan Sharma, director-Research, Crisil Market Intelligence and Analytics, told Mint. However, statistically normal monsoon may not be enough and its spatial and temporal distribution will be critical. “For example, last year while monsoon was only 6% lower than LPA (long period average), its onset was delayed, and the spatial and temporal distribution was erratic.

Mark Gurman, in a recent report for Bloomberg, has shed light on what to expect from the upcoming iOS 18 update, which is slated to be released initially as a Beta or Preview version before its official rollout later in September. This soft launch strategy suggests that Apple's AI innovations may still be in the oven, not quite ready for prime time.While Apple has been playing catch-up in the AI race, the company is gearing up for a significant leap forward this year to rival the likes of Google and Samsung.