Rajasthan LIVE: Sachin Pilot involved in horse trading, says CM Gehlot

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3:13 AM

Another lockdown will hit automakers hard, affect capex plans: CARE Ratings

In the eventuality of another spell of a pan-India lockdown, the automobile sector will continue its downwards trajectory, which will seriously affect workforce and OEMs may have to further delay product launches and capex plans, CARE Ratings said in a report.

 

Several state governments have been announcing lockdown again in select areas for different time periods to check the Covid-19 pandemic amid rising numbers of infection cases in the country. Read more

3:11 AM

Google to invest Rs 33,737 crore for 7.73% stake in Jio Platforms

Reliance Industries (RIL) Chairman Mukesh Ambani on Wednesday announced a strategic partnership with Google and development of in-house 5G solutions, in a bid to win over new customers and create a platform for future growth.

 

Google will invest Rs 33,737 crore for 7.73 per cent stake in Jio Platforms. The two companies will collaborate for the development of entry-level affordable 4G and 5G smartphones as well as Android-based operating systems, Ambani announced during the virtual annual general meeting (AGM). Read more

12:58 AM

'I'm not a bad guy': Police video captures distraught Floyd

Body-camera footage made public Wednesday from two Minneapolis police officers involved in George Floyd's arrest captured a panicked and fearful Floyd pleading with the officers in the minutes before his death, saying I'm not a bad guy!" as they tried to wrestle him into a squad car.

I'm not that kind of guy, Floyd says as he struggles against the officers. I just had Covid, man, I don't want to go back to that."

An onlooker pleads with Floyd to stop struggling, saying, You can't win! Floyd replies, I don't want to win!

A few minutes later, with Floyd now face-down on the street, the cameras record his fading voice, still occasionally saying, I can't breathe before he goes still.

12:49 AM

Fed survey says economy has picked up but outlook cloudy

The Federal Reserve says economic activity has picked up in most regions of the country but still remains well below pre-pandemic levels with the country facing high levels of uncertainty.

 

The Fed reported Wednesday that its latest survey of economic conditions around the country found improvements in consumer spending and other areas but said the gains were from very low levels seen when widespread lockdowns push the country into a deep recession.

 

And the report said that business contacts in the Fed's 12 regions remained wary about the future.

12:48 AM

Delhi University to hold final year exams in August

The Delhi University will conduct the online open book examinations for final year undergraduate and postgraduate students from August 10 to August 31, it said on Wednesday.

 

However, DU said, students unable to appear in the exams in August will get another chance.

 

The varsity had informed the Delhi High Court last week that it has decided to postpone the Open Book Examinations (OBE), scheduled from July 10, for final year undergraduate courses to next month.

12:33 AM

Haryana CM Khattar says his govt is working with a vision to ensure no youth in the state remains unemployed

12:28 AM

Trump may claim harassment in tax return quest: Lawyers

A week after losing a Supreme Court ruling, President Donald Trump's lawyers said Wednesday they're considering challenging subpoenas for his tax records by criminal prosecutors on grounds that the subpoenas are a fishing expedition or a form of harassment or retaliation against him.

 

The plans were outlined in a letter to a Manhattan federal judge overseeing legal squabbles related to Manhattan District Attorney Cyrus Vance Jr.'s request for eight years of Trump's personal and corporate tax records in a criminal probe.

 

Vance is seeking the records from Trump's accountant in part for a probe of payments that Trump's then-personal lawyer, Michael Cohen, arranged during the 2016 presidential race to keep two women from airing their claims of extramarital affairs with Trump. Trump has denied the affairs.

12:26 AM

JC Penney to close another 152 stores, cuts 1,000 jobs

JC Penney says it will close an additional 152 stores and cut 1,000 jobs as it tries to fight its way out from under bankruptcy protection.

The company last month said it had identified 154 stores for closure in the first phase of a restructuring in which it will become a smaller operator.

The retailer said Wednesday that the jobs to be eliminated will include corporate, field management and international positions.

12:08 AM

Two Rajasthan MLAs hit out at Gehlot, ask how much money was given to them when they joined Congress from BSP

11:05 PM

BJP questions speaker's notice to Pilot, rebel Cong MLAs

Absence from a legislature party meeting can't be a ground for disqualification from the state assembly, said Rajasthan BJP chief Satish Poonia raising a question over notices sent to rebel Congress leader Sachin Pilot and his supporter MLAs in this regard.

 

Rajasthan Speaker C P Joshi has issued notices to Sachin Pilot and other rebel Congress MLAs after the party sought their disqualification from the state assembly.

 

Sacked deputy chief minister Sachin Pilot and the other MLAs were asked to respond to the notices by Friday, sources said. The notices were issued on Tuesday.