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India-UK bilateral trade pact such as the one about minimum import price (MIP) for Scotch whisky and those related to finalisation of a bilateral investment treaty will be discussed after the general elections in Britain, a top official said. The issues that need to be ironed out include duties in sectors like electric vehicles, alcoholic beverages and services. General elections in the UK will be held on July 4. «The outstanding issues to seal the deal will be resolved once the general elections in the UK are over,» said L Satya Srinivas, additional secretary, department of commerce.

ministry on Friday said it will launch the 10th round of commercial coal block auctions next week with about 62 mines to be offered without end user restrictions. Coal produced from the 62 blocks is permitted to be sold by the companies in the free market. So far, nine rounds of commercial coal auctions have taken place since 2020 and 107 coal blocks have been auctioned with 256 million tonnes peak rated capacity.

National Testing Agency (NTA) on Friday said that it would issue the admit cards for the University Grants Commission (UGC)-NET exams by tonight. The NTA will conduct UGC-NET in OMR mode across India on June 18. «NTA plans to issue UGC-NET admit cards by tonight. Please check at https://ugcnet.nta.ac.in Wishing the best to all the candidates who are going to take UGC-NET on 18 June 2024», said Mamidala Jagadesh Kumar, Chairman, UGC.

Saudi Arabia's sovereign wealth fund and a French private equity group will acquire a 38-percent stake in Heathrow, the London airport's biggest shareholder said Friday. Heathrow, one of the world's busiest airports, is owned by the consortium FGP Topco Limited with Spanish infrastructure giant Ferrovial holding the lead role with a 25-percent stake.

foreign exchange reserves touched a fresh high of $655.8 billion for the second consecutive time in the week ended 7th June, central bank data showed. The total reserves rose by $4.3 billion and were primarily driven by foreign currency assets which rose $3.7 billion to $576.3 billion. The last record high was just a week ago when the reserves touched $651.5 billion. The rise in the foreign exchange reserves was likely driven by the RBI’s dollar purchases after the rupee appreciated last week.

Supreme Court on Friday stayed the National Company Law Appellate Tribunal’s order that initiated insolvency proceedings against Uttar Pradesh government-owned Purvanchal Vidyut Vitran Nigam. A vacation Bench of Justice Sanjay Kumar and Justice Augustine George Masish also issued a notice to its operational creditor S.R.V. Techno Engineering and posted the matter for further hearing on July 26. S.R.V. Techno Engineering had in 2019 moved the National Company Law Tribunal, Allahabad bench, seeking to initiate insolvency proceedings against Purvanchal for failing to pay debt of Rs 4.43 crore including interest. Thereafter, S.R.V also filed arbitration proceedings against the UP firm Nigam in 2022 where an arbitrator awarded Rs 1.73 crore to it in 2023.

Heat wave conditions continued unabated in Haryana and Punjab, with Abohar sizzling at 47.6 degrees Celsius, the Met Centre here said on Friday. Blistering heat also continued to prevail in Chandigarh, the common capital of the two states, which recorded a maximum temperature of 44 degrees Celsius, according to the centre's weather report. While blistering heat swept Abohar in Punjab, intense heat also prevailed in Gurdaspur, which recorded a maximum of 45.5 degrees Celsius, followed by Patiala, which registered a high of 45.2 degrees Celsius, it said. Amritsar and Ludhiana also reeled under intense heat at 44.8 degrees Celsius and 44.2 degrees Celsius, respectively, the weather office said.

inner core has started slowing down its rotations and now moving along the reverse direction of its natural course. The inner core comprises of a solid iron sphere that lies deep within our planet and researchers from the University of Southern California are claiming that there are some significant changes around the Earth's inner behavior.

insurance coverage under the Ayushman Bharat Pradhan Mantri Jan Arogya Yojana (AB-PMJAY) to all aged 70 years and above as part of the 100-day agenda of the Modi 3.0 government. Nadda chaired a high-level meeting on attaining targeted health goals in the first 100 days of formation of the new government, with senior officials of the ministry here today, an official statement said. He was joined by ministers of state for health Anupriya Patel and Prataprao Ganpatrao Jadhav. Taking stock of the overview of the ministry's functioning, Nadda directed that emphasis should be laid on the quality of health facilities and health systems, the statement stated.

Ashwini Vaishnaw on Friday reviewed the security, punctuality and services in stations and trains during a meeting with members and officials of the Railway Board, zones and divisions. At the high-level meeting, held through video-conferencing, the minister emphasized that safety and infrastructure are paramount and there cannot be any compromise on this front, officials said. «A detailed discussion on all issues related to passenger safety and amenities took place. The special focus of the meeting was on ways to improve services as well as punctuality of trains and avoid overcrowding by identifying busy routes and introducing special trains on them,» a senior railway official, who attended the meeting, said. «Also, regular services of equipment such as ACs, fans, and water coolers at stations to be ensured during summer rush,» he said.

consumer education and protection. The Telecom Regulatory Authority of India (Trai) on Friday amended regulations 6 and 13 of the Telecommunication Consumers Education and Protection Fund (TCEPF) principal rules to enable utilisation of the fund for expenses relating to preparation, maintenance, audit of accounts, and for the participation of representatives of consumer groups attending meetings of the Committee for Utilisation of Telecommunication Consumers Education & Protection Fund (CUTCEF). The regulator, though, dismissed telcos’ call for tapping the TCEPF corpus for conducting consumer education workshops, saying operators are already arranging such consumer outreach programs regularly to improve customer experience as mandated by Trai. It also rejected industry demands for increasing the representation of telecom service providers in the CUTCEF, saying the current telco presence in the panel is adequate.

penalty of Rs 1.45 crore on the Central Bank of India for non-compliance with certain directions related to 'loans and advances' and 'customer protection'. The RBI had conducted a statutory inspection for Supervisory Evaluation (ISE 2022) of the Central Bank of India with reference to its financial position as of March 31, 2022. A notice was issued to the bank, advising it to show cause as to why a penalty should not be imposed on it for its failure to comply with the directions, the RBI said. After considering the bank's response, the RBI found that charges against the bank were sustained.

CBI conducted searches at 14 locations on Friday after registering an FIR into the alleged Rs 5717-crore bank fraud by Chhattisgarh-based SKS Power Generation Ltd, officials said. In its FIR, registered on the orders of Allahabad High Court, the CBI has alleged that company promoted by SKS Ispat and Power Ltd. (SKSIPL) had availed Rs 6,170 crore loan from State Bank of India (SBI), L&T Infrastructure Finance Limited, PTC India Finance Limited, and State Bank of Bikaner and Jaipur which resulted in the default of Rs 5717 crore, they said. The CBI has booked Anil Mahabir Gupta, Director of SKS Power Generation (Chhattisgarh) Ltd, Anish Anil Gupta, Director of SKS Ispat and Power Limited, Mumbai and 26 others including two officers of State Bank of India, they said.

Wall Street's main indexes opened lower on Friday, with investors pausing after strong rallies on the S&P 500 and the Nasdaq, as they weighed hawkish Federal Reserve projections against the backdrop of a cooling economy. The Dow Jones Industrial Average fell 118.71 points, or 0.31%, at the open to 38,528.39.

Tata Motors. M&M's market capitalisation surged to Rs 3,65,193 crore compared to Tata Motors' market cap of Rs 3,29,041 crore. The stock managed to surpass Tata Motors as it witnessed a 3% surge in price, reaching a fresh 52-week high of Rs 2,946.

Info Edge (India) Ltd. traded 0.88 per cent up at Rs 6210.15 at around 01:43PM (IST) on Friday. The stock had closed at Rs 6265.3 in the previous session. Equity benchmark Sensex traded 95.18 points higher at 76906.08 around the same time.

Adani Power Ltd. traded 0.54 per cent down in Friday's trade at 12:37PM (IST). Around 370,094 shares changed hands on the counter. The stock opened at Rs 754.05 and touched an intraday high and low of Rs 760.0 and Rs 745.7, respectively, in the session so far. Shares of the company of Adani Power Ltd. quoted a 52-week high of Rs 896.75 and a 52-week low of Rs 230.95.

Lupin Ltd. fell 0.26 per cent to Rs 1601.05 at 12:58PM hours (IST) on Friday. Earlier in the day, the stock saw a gap up start to the session. As per data available on BSE, total traded quantity on the counter stood at 5,720 shares with a turnover of Rs 0.92 crore till 12:58PM (IST). The stock traded at a price-to-earnings (P/E) multiple of 38.66, while the price-to-book value ratio stood at 5.16.

LTIMindtree Ltd. rose 0.17 per cent to Rs 5054.05 in Friday's trade. It hit an intraday high of Rs 5069.75 and low of Rs 4995.0, respectively, during the day. The stock quoted a 52-week high price of Rs 6442.65 and low of Rs 4518.35.

Bank of Baroda gained 0.76 per cent to Rs 284.8 in Friday's trade as of 12:12PM (IST). It hit a high of Rs 285.15 and low of Rs 281.8 during the session. The stock quoted a 52-week high price of Rs 298.45 and a low of Rs 182.65. The return on equity for the stock stood at 14.18 per cent. About 450,483 shares have changed hands on the counter so far.

Arvind Kejriwal's aide Bibhav Kumar in the case against him for allegedly assaulting AAP Rajya Sabha MP Swati Maliwal. Earlier on June 7, a trial court in Tis Hazari had refused to grant him bail, saying he was facing «grave and serious» charges and that there was an apprehension that he could influence witnesses. In his plea before the high court, Kumar said the trial court failed to consider the fact that his further custody was not required as all evidence has been collected by the investigating officer and statements of witnesses have also been recorded.