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Competition Commission of India (CCI) has approved Bharti Airtel’s acquisition of an additional 20% stake in its direct-to-home (DTH) arm Bharti Telemedia from an affiliate of New York-headquartered private equity firm Warburg Pincus, people with knowledge of the matter told ET. The competition watchdog is expected to publish a detailed public order on the transaction soon, one of the sources said. While the transaction dates to 2021, the CCI in August 2023 slapped a fine of Rs 1 crore on Airtel for concluding the deal without informing it.

ONDC), the government-backed ecommerce network has approved its first buyer-side app for logistics that will aim to solve one of the biggest sore points of shopping through the network – seamless delivery. The platform, MP2 Innovations, will allow ONDC participants to fetch the best available delivery fleet through a single API instead of tying up with individual logistics companies, people aware of the development said.

Donald Trump used a break in his hush money trial to stage back-to-back appearances in two Midwestern battleground states Wednesday — but kept his legal woes front-and-center as he accused President Joe Biden of weaponizing the courts against him. The former Republican president, who is running for a return to the White House, rallied supporters in Wisconsin and Michigan, among the most hotly contested states in his expected rematch with Democrat Biden in November.

Israel reopened the Erez Crossing with Gaza for the first time since October 7 with the passage of 30 trucks delivering food and medical supplies from Jordan to the northern area of the Strip. It is the only crossing located on Gaza's northern border. Before the war, it served as the only crossing point for pedestrian traffic. Before the attacks of October 7, it was primarily used by international personnel such as diplomats, aid workers, and journalists and also Palestinians with work or medical permits, while trucks used the Kerem Shalom crossing at the southern end of the Strip.

Arizona Senate voted on Wednesday to repeal the state's 1864 ban on abortion, which could otherwise have taken effect within weeks. The repeal was passed by the Senate in a 16-14 vote and is expected to be quickly signed by Governor Katie Hobbs, a Democrat. Two Republican senators crossed party lines to vote in favor of repealing the ban.

Muslim Reservation' debate, the Telugu Desham Party (TDP) has lent its support to the cause, advocating for reservation for Muslims in Andhra Pradesh. Speaking at a Praja Galam meeting in Guntur, TDP chief N Chandrababu Naidu emphasised that the TDP has actively fought for Muslim reservations in the state, asserting that it is the party's obligation to fulfil its promises. «We will preserve the 4 percent reservations for Muslims and will provide Rs 5,000 in financial assistance every month for mosque maintenance in the state,» he said.

Amethi and Rae Bareli constituencies in Uttar Pradesh is likely to end today, April 2. Congress general secretary on Wednesday said the decision would be announced in the next 24-40 hours. Amethi and Raebareli will go to the polls in the fifth phase of the Lok Sabha elections 2024 on May 20.

IMD predicts thunderstorms from May 4, issues red alert for severe heatwave Yesterday, the Telangana police recovered cash and liquor worth over ₹3.5 crore since the Model Code of Conduct came into force for the 2024 Lok Sabha election. In Telangana's sensitive border district, Bhadradri Kothagudem 72 Naxalites have been killed in encounters in about a year, especially in three months.

₹2,000 crore, in line with almost the same growth rate in spending by cards, which was mainly driven by increase in cardholder base to 18.9 million. Notably, blended spending per card, which includes corporate and retail, saw a slight decrease. Although the company earns fee income through interchange fees or merchant discount rate fees, it also pays out a portion of fees earned on corporate card spending as rebates.

tornadoes may hit different cities in the United States in regions from Kansas to Texas. The threat of dangerous storms and tornadoes was predicted last week as well across the central US and it ended up taking lives of at least five people in two states in the region. Another person was killed and many were injured after a tornado destroyed homes in Topeka, Kansas.

WASHINGTON – The Federal Reserve on Wednesday held its ground on interest rates, again deciding not to cut as it continues a battle with inflation that has grown more difficult lately.

Bethesda Game Studios, creators of the RPG Starfield, are gearing up for their first major expansion titled Shattered Space. Here's a rundown of what we know so far about this exciting addition to the game, as per a Dexerto report. Release Date

deposit rates, central bank data show that the full transmission of the 2.5-percentage-point hike in the benchmark repo rate since May 2022 is still not complete, except in the case of fresh term deposits. While they don't reflect the full impact of the policy rate hike, lending and deposit rates on both fresh and outstanding deposits rose in the last fiscal year, putting pressure on banks' interest margins. The weighted average domestic term deposit rate (WADTDR) on fresh rupee term deposits increased to 6.62% in March 2024 from 6.44% the previous month, according to data released on Tuesday by the Reserve Bank of India. In the 12 months through March, the rate rose by 14 basis points (bps), or 0.14 percentage points, after a dip in the first half of the fiscal year. The rate transmission since May 2022, when the RBI started raising rates after a long pause, works out to 259 bps — 2.59 percentage points — for fresh term deposits.

India's goods and services tax (GST) collection hit an all-time high of ₹2.1 lakh crore in April, underlining the robust economy and kicking off the new fiscal year on a strong note. This also creates room for the much-anticipated reform of the GST regime when the new government takes charge after general elections. «GST collection crosses ₹2 lakh crore benchmark, thanks to the strong momentum in the economy and efficient tax collections,» finance minister Nirmala Sitharaman posted on X, formerly Twitter. GST collection rose 12.4% in April from ₹1.87 lakh crore a year earlier on the back of a 13% rise in domestic transactions that point to healthy local demand. The previous monthly record was ₹1.87 lakh crore in April 2023. India's economy is estimated to have grown 7.6% in FY24. The IMF expects India's GDP to expand 6.8% in FY25, retaining its status as the world's fastest-growing major economy. Total GST collection was ₹1.78 lakh crore in March while the monthly average for FY24 was ₹1.68 lakh crore.

Unsung Hero released in the US on April 26 and has opened to a resounding success. This has been reported by ‘The Direct’. It has been released across 2,832 screens in the US and Canada and has earned over $7 million beginning from April 26 to 28. It is estimated that the box office collection will only increase even as the total budget of the movie is $6 million. Storyline

Adani Power Q4 results: Net profit down 48% YoY to ₹2,737 crore, revenue up 30% According to Equirus Capital, Adani Ports will witness a 12.4 percent year-on-year decline in net profit, with figures dropping to ₹2,129.60 crore from ₹2,432.30 crore in the corresponding quarter of the previous year. Conversely, sales are expected to surge by 20.7 percent year-on-year, reaching ₹6,996.40 crore compared to ₹5,796.90 crore in the previous year. Furthermore, the EBITDA margin is anticipated to stand at 60 percent, marking a substantial increase of 377 basis points year-on-year.

Tesla’s move this week to lay off much of the team responsible for creating the largest and most successful electric-vehicle charging network in the U.S. threw the industry into a state of shock and confusion. The layoffs halted construction work at a dozen Supercharger sites in Texas.

Binance founder Changpeng Zhao was ordered to spend four months in prison for failures that allowed cybercriminals and terrorist groups to freely trade on the world’s largest cryptocurrency exchange.

Canada’s February gross domestic product numbers were disappointing in more ways than one.