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News updates: Supreme Court to deliver judgment on Arvind Kejriwal's challenge to ED arrest on Fri

From PM Modi's pre-Budget meeting to RBI's retain inflation estimate for June, catch latest news updates from across the world here

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Kejriwal, Arvind Kejriwal, Delhi CM

Delhi CM and AAP leader Arvind Kejriwal (Photo: PTI)

Supreme Court to deliver judgment on Arvind Kejriwal's challenge to ED arrest tomorrow.

Private equity firm Bain Capital will buy Envestnet in a $4.5 billion deal, the financial software vendor said on Thursday.

India's retail inflation is expected to be close to 5 per cent in June, in line with the surveys conducted by the Reserve Bank of India, the central bank chief Shaktikanta Das said on Thursday. The RBI is expected to release the neutral rate after finishing the ongoing analysis over the next 1-2 months, he added said in an interaction with CNBC-TV18. Retail inflation data for June is due on Friday.

Tata Consultancy Services, India's top IT services company, reported a bigger-than-expected first-quarter revenue on Thursday helped by execution of large deals bagged in previous quarters. The company's consolidated revenue rose 5.4% to Rs 62,613 crore ($7.50 billion) in the June quarter. Analysts, on average, expected revenue at Rs 62,207 crore, as per LSEG data.

Ahead of the Union Budget, Prime Minister Narendra Modi, along with Union Finance Minister Nirmala Sitharaman, chaired a meeting with economists. The meeting was held at Niti Aayog in New Delhi on Thursday (July 11).

The Supreme Court has adjourned the hearing of petitions on the 'paper leaks' and irregularities in the National Eligibility Entrance Test-Undergraduate (NEET-UG) 2024. The plea is being opposed by the Centre and the NTA, who claim that there is no indication of any 'mass malpractice' or a localised set of candidates benefitting from the abnormal NEET-UG 2024 results.

10:06 PM

Central forces to implement 10% reservation for ex-Agniveers in vacancies

Union Minister Giriraj Singh says, "An anti-Agniveer campaign by Rahul Gandhi and 'tukde tukde' gang is going on... These people want to discredit Agniveer and mislead the youth. No scheme like Agniveer was brought so far. Agniveer is the best scheme."
8:58 PM

IMF sees US Fed in position to cut rates later this year

The International Monetary Fund said on Friday it continues to believe that the Federal Reserve could start cutting interest rates later this year and should stay cautious, even as a fall in US June consumer prices raises expectations for an earlier rate cut.
IMF spokesperson Julie Kozack told reporters at a regular news briefing that the disinflation process was underway in the US, adding: "We do support the Feds data dependent and cautious approach to monetary policy. We also do expect that the Fed will be in a position to reduce rates later this year, and that assessment continues to hold."
8:33 PM

Supreme Court to deliver judgment on Arvind Kejriwal's challenge to ED arrest tomorrow

8:18 PM

Centre forms one-member committee to look into controversy involving probationary IAS officer Puja Khedkar

7:43 PM

Mizoram Guv summons Monsoon session from August 20

Mizoram Governor Dr. Hari Babu Kambhampati summoned the state assembly to convene for its Monsoon session from August 20, an official notification said.
Assembly Speaker Lalbiakzama said the detailed programme of the upcoming session it yet to be chalked out by the BAC. He said the BAC meeting to be chaired by him will be held next week.
7:42 PM

Brij Bhushan sexual harrasment case: Court to begin trial against former WFI Chief

The Rouse Avenue Court on Thursday directed to begin trial and recording statement of prosecution witnesses in an alleged sexual harrasment case against former MP and former WFI Chief Brij Bhushan Sharan and Vinod Tomar from July 26.
7:38 PM

Zee Entertainment Enterprises to consider raising of funds: Report

7:35 PM

Space regulator nod must from April 1 next year for use of non-Indian satellites

The government has issued an advisory to satellite television broadcasters to seek authorisation from India's space regulator IN-SPACe for using non-Indian satellites from April 1 next year.
In May, the Indian National Space Promotion and Authorisation Centre (IN-SPACe) issued Norms, Guidelines and Procedures (NGP) for the implementation of the Indian Space Policy-2023 which states that only IN-SPACe authorised non-Indian satellites will be allowed to provide services in the country.
7:26 PM

BMW hit-and-run case: Mumbai court sends accused driver to 14-day judicial custody

7:26 PM

Vi shareholders approve issuance of equity shares on preferential basis

7:26 PM

Karachi-bound consignment of illegal chemicals seized in Tamil Nadu

Security agencies have intercepted a shipment of banned chemicals from China, destined for Karachi, at a port in Tamil Nadu. The seizure was reported by news agency PTI, citing official sources.
6:53 PM

Kardashians to Mike Tyson expected at Ambani wedding

Top celebrities Kim and Khloe Kardashian, boxer Mike Tyson, former UK prime ministers and global business tycoons are expected to attend the wedding of Anant Ambani, youngest son of Asia's richest man Mukesh Ambani, in Mumbai on Friday.
After four months of star-studded pre-wedding celebrations, Anant Ambani, 29, will tie the knot with Radhika Merchant, daughter of pharma tycoons Viren and Shaila Merchant.
The guest list is a mix of Indian and international celebrities, politicians and corporate bigwigs, sources aware of the matter said.
6:50 PM

SC to hear on Friday plea seeking probe into Hathras stampede

The Supreme Court is scheduled to hear on Friday a petition seeking a probe into the recent Hathras stampede that left 121 dead.
The plea has sought the appointment of a five-member expert committee under the supervision of a retired apex court judge to probe the July 2 stampede incident.
6:38 PM

Bain Capital to buy financial software vendor Envestnet in $4.5 bn deal

Private equity firm Bain Capital will buy Envestnet in a $4.5 billion deal, the financial software vendor said on Thursday.
6:17 PM

BMW hit-and-run: Main accused Mihir Shah was drunk at time of crash: Mumbai cops

Mihir Shah, the main accused in the BMW hit-and-run case and son of a Shiv Sena politician, was under the influence of alcohol when he allegedly rammed his luxury car into a two-wheeler here, killing a woman, a Mumbai police official said on Thursday.
A probe team of the police recreated the accident scene in the early hours of the day to get more information about the chain of events and also confronted Mihir Shah (24) with his family driver and co-accused Rajrishi Bidawat, who was in the car at the time of the horrific crash in central Mumbai's Worli area.
A woman, Kaveri Nakhwa (45), was killed and her husband Pradip injured after their two-wheeler was hit from the rear by a BMW allegedly driven by Mihir Shah at 5:30am on Sunday in Worli's arterial Anni Besant Road.

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First Published: Jul 11 2024 | 8:43 AM IST

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