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Viceroy calls semiconductor unit of Vedanta a ‘sham op’

NEW DELHI: Continuing its tirade against mining heavyweight Anil Agarwal‘s Vedanta group, US-based Viceroy Research has alleged that the group’s semiconductor unit was a “sham commodities trading operation”, designed to avoid classification as an NBFC, a charge the conglomerate called baseless.The short seller, which last week published a scathing report about Vedanta Group and followed…

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Bangladesh set to revive caretaker govt system

DHAKA: Political stakeholders in Bangladesh on Sunday reached a consensus on reinstating the caretaker govt system in Bangladesh that was abolished more than a decade ago.“We have all been part of a 14-year-long struggle to restore the caretaker govt system. At today’s discussions, we successfully reached an agreement on its reintroduction,” said vice-chairman of National…

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PNGRB price order: Regulator tells CGD firms to charge one PNG rate; warns against misuse of subsidised gas

Representative image (Picture credit: ANI) India’s petroleum regulator has directed city gas distributors to charge a uniform rate for piped natural gas (PNG) supplied to household kitchens, regardless of usage volume. The move comes amid concerns that a tiered pricing system adopted by some firms may be encouraging misuse of subsidised gas and leading to…

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Close call: Delta Airlines flight makes ‘aggressive maneuver’ mid-air to avoid B-52 bomber; ‘not a fun day at work’ says pilot

A Delta regional jet approaching Minot, North Dakota, was forced to make an “aggressive maneuver” to avoid a potential mid-air collision with a B-52 bomber, according to the pilot. The incident reportedly took place on July 18, as per the airline. The Delta Airlines flight DL3788, operated by SkyWest, was traveling between Minneapolis-Saint Paul (MSP)…

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UPI surge: India leads the world in fast payments; 18 billion monthly transactions power growth

India has become the world’s top player in real-time digital payments, largely due to the rapid growth of the Unified Payments Interface (UPI), according to a recent International Monetary Fund (IMF) note titled ‘Growing Retail Digital Payments: The Value of Interoperability’.Launched in 2016 by the National Payments Corporation of India, UPI has revolutionised the country’s…

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‘They’ll do it again’: Slain US intern’s mother warns after DC shooting; FBI offers $40K reward

Tamara Jachym, the mother of a congressional intern fatally shot in Washington, DC, has urged police to bring his killers to justice, warning other parents that the same tragedy could strike their families too.Eric Tarpinian-Jachym, 21, a student at the University of Massachusetts Amherst, was shot around 10:28 p.m. on June 30 and succumbed to…

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‘Unjustified and illegal’: Rosneft slams EU’s sanctions on Nayara Energy; says India’s energy security at risk

Russian oil giant Rosneft has hit out at the European Union for imposing sanctions on its Indian affiliate Nayara Energy, calling the move “unjustified and illegal” and warning that it could directly threaten India’s energy security. In a statement issued Sunday, Rosneft said the EU’s action amounted to extraterritorial and politically motivated restrictions that infringe…

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