Cyclone Biparjoy is expected to make landfall on June 14, crossing Saurashtra and Kutch in Gujarat. It has now intensified into an extremely severe cyclonic storm.

Cyclone Biparjoy intensifies: Here's all you need to know

Markets regulator Sebi has exempted Spice Healthcare Pvt Ltd from making an open offer to SpiceJet shareholders in relation to acquisition of additional shares in the airline.
On conversion of warrants that were issued to it, Spice Healthcare, a promoter group entity, would be acquiring an additional 13,14,08,514 equity shares in the airline.
In this regard, SpiceJet had sought an exemption from Sebi with respect to making an open offer for the shareholders of the airline.
The Securities and Exchange Board of India (Sebi), through an order on Friday, has given the exemption from making the open offer to Spice Healthcare subject to certain conditions, the airline said in a filing to BSE on Saturday.
Post conversion of the warrants, Spice Healthcare will have an additional 13.74 per cent stake in the airline and that would trigger the open offer requirement under Sebi norms.
The watchdog has given the exemption subject to the condition that the shares acquired by the entity on exerc

On conversion of warrants that were issued to it, Spice Healthcare, a promoter group entity, would be acquiring an additional 13,14,08,514 equity shares in the airline

State-owned Oil India Ltd plans to invest Rs 25,000 crore in clean energy projects to help achieve the net zero carbon emission goal by 2040, its chairman Ranjit Rath said on Saturday.
OIL's net zero plan includes a combination of cutting down the flaring of gas and commercialisation of stranded gas as well as setting up renewable electricity generation capacity, building green hydrogen plants and constructing biogas and ethanol plants.
The net zero plans will go alongside its target to raise crude oil and natural gas production to 9 million tonnes of oil and oil equivalent gas by 2025-26 from 6.5 million tonnes produced in the fiscal year ended March 31, 2024, he told reporters here.
The company also plans to lay an 80-kilometer pipeline to bring natural gas from fields in Arunachal Pradesh to Assam to help replace polluting liquid fuels in transport as well as industries.
"Achieving a net zero target involves a bouquet of activities," he said.
It already has firmed up plans for 

OIL's net zero plan includes a combination of cutting down the flaring of gas and commercialisation of stranded gas as well as setting up renewable electricity generation capacity

Amazon Web Services on Friday announced that seven generative AI startups from India have been selected for its global Generative AI accelerator program.
The selected Indian startups -- Convrse, House of Models, Neural Garage, Orbo.ai, Phot.ai, Unscript AI, and Zocket, are among the 80 companies selected by AWS worldwide for their innovative use of AI and their global growth ambitions, according to a release.
The Indian cohort also marks the highest number of startups selected from a country in the Asia-Pacific region for the AWS Global Generative AI Accelerator programme.
As part of AWS's USD 230 million commitment to drive the creation of applications worldwide, the AWS 'Generative AI Accelerator program' provides startups, especially early-stage companies, with AWS credits, mentorship, and education to further their use of AI and machine learning technologies.
"Selected startups will gain access to AWS compute, storage, and database technologies, as well as AWS Trainium and AWS 

The Indian cohort also marks the highest number of startups selected from a country in the Asia-Pacific region for the AWS Global Generative AI Accelerator programme

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Punjab Police on Sunday said it has arrested the second suspect involved in the Chandigarh grenade blast incident.
Vishal Masih, a resident of village Raimal in Gurdaspur's Batala, was nabbed from Delhi, Director General of Police Gaurav Yadav said.
Two suspects, who came in an auto-rickshaw, had carried out the grenade blast at a house in upscale Sector 10 here on September 11.
Police arrested main perpetrator Rohan Masih, involved in the blast incident, on September 13.
"Within 72 hours of the Chandigarh Grenade blast, the @PunjabPoliceInd  in coordination with Central Agencies has arrested the second perpetrator of the blast,  Yadav said in a post on X.
Following leads generated through various sources, second perpetrator Vishal Masih s/o Sabi Masih resident of village Raimal near Dhyanpur PS Kotli Surat Mallian, #Batala, District #Gurdaspur has been arrested from #Delhi, he said.
Further investigations are being conducted to uncover the entire conspiracy, he further said.
Po

Police arrested main perpetrator Rohan Masih, involved in the blast incident, on September 13

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Cyclone Biparjoy intensifies: Here's all you need to know

Cyclone Biparjoy is expected to make landfall on June 14, crossing Saurashtra and Kutch in Gujarat. It has now intensified into an extremely severe cyclonic storm.

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