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		According to a submission made to the Competition Commission of India, Jaadhu Holdings, LLC is an indirect wholly owned subsidiary of Facebook, Inc.</div></div>

In April, Facebook had announced an investment of $ 5.7 billion (Rs 43,574 crore) in Jio Platforms.

$5.7 bn Jio-FB deal to become test case for regulatory, security concerns

Jio-FB deal

Facebook will acquire 9.9 per cent stake in Jio Platforms announced last month via a new entity -- Jaadhu Holdings LLC, as per regulatory documents. In April, Facebook had announced an investment of $

Facebook to acquire 9.9% stake in Jio Platforms via Jaadhu Holdings

Agencies

The order placed by the Railways is for the supply of seats and interior panels for Vande Bharat trains and "not to manufacture its coaches", a Tata Steel official has clarified.
As part of the Rs 225 crore order, Tata Steel will supply light-weight seats for 23 coaches of Vande Bharat rails and fibre-reinforced polymer composites-based interior panels for 16 coaches of the high-speed train, Debashish Bhattacharjee, Vice President (VP) - Technology & New Materials Business of Tata Steel, told PTI.
Some sections of the media have reported that Tata Steel has bagged orders for manufacturing coaches of Vande Bharat trains, which is "incorrect and baseless. We have not received the order to manufacture its coaches," he said.
"Tata Steel has bagged the seats and interior panels order through a competitive bidding process executed by the national transporter (the Railways). We appeared as L1 for the prestigious order," he said, adding that the value of the order is Rs 225 crore.
The ...

tata steel

Press Trust of India

Electric vehicles (EV) financing digital platform RevFin Services is targeting to finance 20 lakh vehicles in the next five years, with an aim to grow three to four times every year, according to its CEO & Founder Sameer Aggarwal.
With the Indian electric vehicle industry poised for an accelerated growth, he said the company is confident of meeting its target and would continue to raise funds through debt and equity going forward for the purpose.
"From a long-term perspective we have taken a very strong position on EVs, and we have committed to financing two million electric vehicles in the next five years," Aggarwal told PTI.
Asked if the target is not too steep, considering RevFin has financed 17,118  EVs in the last 51 months, he said,"The monthly loan disbursement is growing month-on-month by about 15 per cent. So overall, it has grown almost four times in the last one year. If we continue the kind of growth that we are currently on we will actually achieve these numbers."
In .

Electric vehicles

The revised Hinduja stand has put Indian lenders, with an exposure of Rs 24,000 crore, in a spot as it was the Hindujas offer which led to a call for second auction and litigation by the other bidder

Reliance Capital

Business Standard

The only resolution done for a financial services company under special powers of RBI Section 227 was DHFL which was won by Piramal Group

IANS

TII will acquire 67 per cent, while Premji Invest will acquire the remaining 33 per cent

Tube Investments

The government has capped the maximum rate of GST compensation cess that would be levied on pan masala, cigarettes and other forms of tobacco and linked the highest rate to their retail sale price.
The capping of the cess rate was brought in as part of the amendments to the Finance Bill, 2023, which was passed by the Lok Sabha last Friday.
As per the amendment, the maximum GST compensation cess rate for pan masala will be 51 per cent of the retail sale price per unit. In the current regime, the cess is charged at 135 per cent ad valorem.
The rate for tobacco has been fixed at Rs 4,170 per thousand sticks plus 290 per cent ad valorem or 100 per cent of the retail sale price per unit.
So far, the highest rate was Rs 4,170 per thousand sticks plus 290 per cent ad valorem.
The cess is levied over and above the highest Goods and Services Tax (GST) rate of 28 per cent.
Changes in schedule-I of GST compensation cess Act, brought in via amendment in Finance Bill, has capped the maximum c

smoking, cigarettes, tobacco

President Joe Biden's choice to run the Federal Aviation Administration has withdrawn his nomination, a setback for the administration that comes after Denver International Airport CEO Phillip Washington failed to gain enough support in the closely divided Senate.
Washington's withdrawal was confirmed Saturday night by a person familiar with the situation who insisted on anonymity to discuss the matter. The White House did not immediately respond to a request for comment.
Republicans were united in opposition to Washington, calling him unqualified because of limited aviation experience. Democrats and allied independents still might have pushed the nomination through, but key senators on their side balked at supporting Biden's pick.

Joe Biden, US President

A group of Khalistan supporters gathered in front of the Indian mission here and many of their speakers tried to incite violence, but timely intervention by an alert US Secret Service and local police prevented a repeat of London and San Francisco incidents of vandalism at the mission.
Separatist Sikhs, who gathered outside the Indian Embassy in downtown Washington DC on Saturday, heralded abusive language and openly threatened Indian Ambassador to the US Taranjit Singh Sandhu. The Ambassador was not in the embassy at the time of the protest.
Some of the speakers were seen inciting fellow protestors to indulge in violence and break the windows and glasses of the building across the road.
In their speeches, most of the protestors were seen trying to incite violence not only in India but here as well, including physical damage to the Indian Embassy property.
Sensing that things might go out of control, the Secret Service and the local police quickly brought in reinforcement and more 

Khalistan. Himachal Pradesh

ISRO's heaviest rocket LVM3 carrying 36 satellites belonging to UK-based OneWeb Group lifted off from this space port on Sunday.
The second dedicated mission for NewSpace India Ltd, the commercial arm of Indian Space Research Organisation is part of the agreement signed with Network Access Associates Ltd, United Kingdom (OneWeb Group Company) for launch of 72 satellites into Low-Earth orbits(LEO).
The first set of 36 satellites of OneWeb Group company was launched on October 23, 2022 by ISRO.
At the end of the 24.5 hour countdown, the 43.5 metre tall rocket blasted off at 9 am from the second launch pad here, about 135 km from Chennai.
Bharti Enterprises is a major investor in OneWeb group, which is engaged in the implementation of the constellation of low earth satellites.
It is a global communication network powered from space, enabling connectivity for governments and businesses.
The launch was the 18th for OneWeb Group company while for ISRO, it would be the second mission in

Facebook to acquire 9.9% stake in Jio Platforms via Jaadhu Holdings

In April, Facebook had announced an investment of $ 5.7 billion (Rs 43,574 crore) in Jio Platforms.

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Rlys order for supply of seats for Vande Bharat, not for coaches: Tata

RevFin targets financing 2 million electric vehicles in next 5 years

Hinduja group not keen to make higher offer for Reliance Capital

Torrent Investments unlikely to participate in 2nd auction for Reliance Cap

TII, Premji Invest sign share purchase agreement to acquire Lotus Surgicals

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Hinduja group not keen to make higher offer for Reliance Capital

RevFin targets financing 2 million electric vehicles in next 5 years

Rlys order for supply of seats for Vande Bharat, not for coaches: Tata

Facebook to acquire 9.9% stake in Jio Platforms via Jaadhu Holdings

In April, Facebook had announced an investment of $ 5.7 billion (Rs 43,574 crore) in Jio Platforms.

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