Overseas institutions are also a better bet for Adani. Tapping Indian banks, especially state-run lenders, would be a tad cheaper, but might invite greater political scrutiny ahead of general election

Adani, Adani Group

Tensions have been high since Canadian PM Trudeau on Monday alleged that the Indian government was behind the fatal shooting of Hardeep Singh Nijjar

visa, Canada

Closing Bell on Thursday, September 21: The broad-based selling was led by public sector banks with the Nifty PSU Bank index sliding 2.3 per cent

bear market, sensex, nifty, loss, growth, investment

Adani Group on Thursday bagged two contracts worth Rs 13,888 crore from a state-owned discom to install smart meters.
A total of six tenders were awarded by the Maharashtra State Electricity Distribution Company Ltd (MSEDCL) to install smart meters, of which two have been bagged by the Adani Group, according to an official communiqu from the discom seen by PTI.
The diversified group, which has a sizeable presence in the power sector and had recently won a Rs 1,000 crore contract to install smart meters in the area serviced by BEST Undertaking in Mumbai, will act as an advanced metering infrastructure service provider for smart prepaid metering in MSEDCL, it said.
The two zones awarded to Adani include Bhandup, Kalyan and Konkan having 63.44 lakh meters, and Baramati and Pune having 52.45 lakh meters, it said.
Letter of Awards have been issued to the successful firms, as per the communiqu.
Officials from Adani Group were not immediately available for comment.
The group's transmiss

Catch all the latest updates from across the globe here

Manipur

The government on Monday extended the due date for filing income tax returns by companies by one month till November 30.
Also, the due date for furnishing audit reports by companies who need to get their accounts audited has been extended by one month till October 31.
"The due date of furnishing of Return of Income in Form ITR-7 for Assessment Year 2023-24, which is 31.10.2023 is extended to 30.11.2023, the finance ministry said in a statement.

taxes, tax, taxing, audit

National Highways Logistics Management Ltd (NHLML), an NHAI subsidiary, has signed an agreement for the development of Multi Modal Logistics Park (MMLP) in Bengaluru at an estimated cost of Rs 1,770 crore.
The project -- to be developed under the public private partnership model -- is poised to become the first and largest MMLP to be implemented in the country under the PM Gati Shakti National Master Plan, according to an official statement on Monday.
The agreement has been signed between Bengaluru MMLP Pvt Ltd -- a government Special Purpose Vehicle (SPV) -- and concessionaire SPV M/s PATH Bengaluru Logistics Park Pvt Ltd.
A government SPV was incorporated between NHLML, Rail Vikas Nigam Ltd and Karnataka Industrial Area Development Board, the statement said.
The MMLP, to be developed in three phases, will be built on an area of 400 acres at Muddalinganahalli in Bengaluru rural district, as per the statement.
The first phase is expected to be completed in two years, it said, addi

construction

The Supreme Court on Monday directed the Maharashtra assembly speaker to spell out the timeline within a week for adjudication of the disqualification petitions filed against Chief Minister Eknath Shinde and Shiv Sena MLAs loyal to him who had tied up with the BJP to form a new government in June 2022.
A bench comprising Chief Justice D Y Chandrachud and justices J B Pardiwala and Manoj Misra referred to the May 11 verdict of the apex court on the Maharashtra political crisis and the direction issued by it to the speaker to decide the disqualification petitions within a reasonable time.
The speaker has to honour the dignity of the Supreme Court and abide by its verdict, the bench said.
It asked Solicitor General Tushar Mehta, appearing for the speaker, to inform it about the time frame being set by the House chair for disposal of the disqualification petitions.
We expect deference and dignity to the directions issued by the Supreme Court, the bench said and listed the plea by Shiv 

Supreme Court rules that Benami law cannot be applied retrospectively, says Supreme Court.

Supreme Court, Benami Act

The deficit is currently the highest in North-East India (-20% of LPA on September 14), followed by South Peninsula (-10%), central India (-8%) and North-West India (-1%)

wheat, crop, commodity

McCarthy immediately faced opposition from some GOP ultra-conservatives that could doom the plan

House Speaker Kevin McCarthy

The government introduced the Women's Reservation Bill in the Parliament almost three decades after it was first drafted

Parliament

Former RBI Governor Bimal Jalan said it is better if the person's expertise is considered than whether he/she is a bureaucrat or a private sector executive

TRAI

The fiscal burden of states will increase over time

pensions, funds, retirement, investments, investors, savings

Prime Minister Narendra Modi begins Whatsapp Channel following conclusion of the first day in the new parliament building

PM Modi on Whatsapp Channels (Photo: Whatsapp)

Canada said it was expelling a top Indian diplomat Monday as it investigates what Prime Minister Justin Trudeau called credible allegations that India's government may have had links to the assassination in Canada of a Sikh activist.
Trudeau said in Parliament that Canadian intelligence agencies have been looking into the allegations after Sikh leader Hardeep Singh Nijjar, a strong supporter of an independent Sikh homeland known as Khalistan, was gunned down on June 18 outside a Sikh cultural centre in Surrey, British Columbia.
Trudeau told Parliament that he brought up the slaying with Indian Prime Minister Narendra Modi at the G-20 last week, that he told Modi that any Indian government involvement would be unacceptable and that he asked for cooperation in the investigation.
Canadian Foreign Minister Mlanie Joly said the head of Indian intelligence in Canada has been expelled as a consequence. "If proven true this would be a great violation of our sovereignty and of the most basic

Hardeep Singh Nijjar

In a step towards enhancing last-mile connectivity with public transportation, Delhi govt has invited proposals for the deployment of 3,000 high-speed e-scooters, low-speed e-scooters, and e-cycles

Fire-safety norms for Li-ion battery could push up e-scooter prices by 10%

electric scooters, e-scooters, EV, Electric vehicles

DLF's rental arm DCCDL has raised Rs 1,100 crore through issuance of non-convertible debentures on a private placement basis.
In a regulatory filing on Thursday, DLF informed that the DLF Cyber City Developers Ltd (DCCDL) board has approved the allotment of debentures.
DCCDL said that the securities allotment committee of the Board of Directors has approved the allotment of 1,10,000 senior, listed, rated, secured, redeemable, transferable, rupee-denominated NCDs (Non Convertible Debentures) of the face value of 1 lakh each on a private placement basis to eligible investor(s).
The size of the issue is Rs 1,100 crore. These NCDs will be listed on the BSE. The coupon rate is 8.25 per cent per annum. The maturity is August 17, 2033.
DCCDL is a joint venture between DLF and Singapore sovereign wealth fund GIC.
DLF holds a 66.67 per cent stake while the GIC has a 33.33 per cent stake in the DCCDL.
DLF holds the bulk of its rental assets (offices and shopping malls) through DCCDL.  DCCD

More than five lakh Ayushman Bharat beneficiary cards have been made in just four days since the launch of the Ayushman Bhav campaign, Union Health Secretary Sudhansh Pant said on Thursday.
He further said that more than 20 lakh ABHA IDs have been generated while footfall of more than 20 lakh have been registered at the Ayushman Bharat-Health and Wellness Centres and Community Health Centres for availing free treatment and screening services, he said.
The Ayushman Bhav campaign, launched on September 14 by President Droupadi Murmu, is a comprehensive nationwide healthcare initiative that aims to provide saturation coverage of healthcare services in every village and town in the country.
It is being implemented during the 'Seva Pakhwada' (fortnight of service) which began on Prime Minister Narendra Modi's birthday on September 17 and will continue till October 2.
The three components of the Ayushman Bhav campaign -- Ayushman - Apke Dwar 3.0, Ayushman Melas at Health and Wellness ...

This revised health benefit package is expected to be rolled out from November this year, the health ministry said

Ayushman Bharat Health Centre

Akasa is suing some of the pilots for alleged contractual violations, and has warned in court that it might have to shut down if the exits continue

Akasa Air

PM referred to clearance of Women's Reservation Bill in LS yesterday as a 'golden moment of the Parliamentary journey of India' and credited all the members of all the parties and their leaders for it

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Delhi govt paves way for sustainable last-mile connectivity, invites bid

DLF's rental arm DCCDL raises Rs 1,100 cr through issue of debentures

'Over 500,000 beneficiary cards made in 4 days of Ayushman Bhav campaign'

India's struggling carrier Akasa blames regulator 'inaction' as pilots quit

Women's Reservation Bill is a "golden moment in Parliamentary journey": PM

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Here's why Adani's grip on banks is tighter than his hold on markets

India suspends visa services for Canadians indefinitely as tension rise

Sensex down 571 pts, Nifty below 19,750 on hawkish Fed, Indo-Canada tension

Adani Group bags Rs 13,888 cr worth contracts for smart meter installation

LIVE updates: Curfew reimposed in Manipur's Imphal valley, say officials