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Weekly News Platter |
12 Jul, 2025, 05:09PM IST, PTI |
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Hello Reader,
In case you had a busy week, these are the top stories you need to get caught up to speed...
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 US, India in talks on trade deal that may cut tariff below 20% |
| The US is reportedly working towards an interim trade deal with India, potentially setting tariffs below 20%, a favorable position compared to other Asian nations. This arrangement allows for continued negotiations, aiming to resolve outstanding issues before a broader agreement expected this fall. Read more |
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 Air India crash: US alert on Boeing fuel switch lock returns amid engine failure probe |
| A preliminary report on the Air India crash highlights a potential fuel control switch issue. Data indicates the switches were briefly moved to 'CUTOFF' shortly after takeoff, despite pilot denial. An FAA bulletin warned of disengaged locking features on similar switches, raising concerns about accidental engine shutdown. The investigation continues to determine the switches' role in the incident. Read more |
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 Burman family to infuse Rs 750 cr in Religare Enterprises as part of Rs 1,500 cr fundraise |
| The Burman family will invest Rupees 750 crore in Religare Enterprises. This is part of a Rupees 1,500 crore capital raise. The Board approved this on Friday. The fundraise will be through preferential allotment of convertible warrants. The capital will help grow core businesses. It will also help pursue new strategic opportunities. This investment signals strong confidence in Religare's future. Read more |
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 Manipal Health buys Sahyadri Hospitals for Rs 6,400 crore |
| Manipal Health Enterprises, backed by Temasek and TPG Capital, has acquired Sahyadri Hospitals from Ontario Teachers Pension Plan for ₹6,400 crore, strengthening its presence in Western India. This acquisition will increase Manipal's bed count to 12,000 nationwide. OTPP made a 2.6 times return on its investment in Sahyadri, which operates 11 facilities across Maharashtra. Read more |
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 RBI Guv says Rs 2,000 currency notes no longer in circulation but remain a legal tender |
| Reserve Bank of India Governor Sanjay Malhotra addressed the Parliamentary Committee on Finance. He spoke about the Indian economy's growth. Discussions included the status of Rs 2,000 notes, which are still legal tender but no longer circulated. Counterfeit currency and cryptocurrency were also discussed. The committee will meet again to discuss the Insolvency and Bankruptcy Code. Read more |
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 JSW Group to increase stake in JSW MG Motor India amid SAIC's exit from Indian Market |
| JSW Group aims to increase its stake in JSW MG Motor India as SAIC Motor prioritizes investments elsewhere. JSW intends to become the largest shareholder, while SAIC continues providing technology and brand support. Simultaneously, JSW finalizes licensing agreements with Chinese automakers for electric passenger and commercial vehicles, focusing on localizing production amidst geopolitical tensions. Read more |
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 Valor emerges as top bidder for Lavasa with ₹771-crore offer |
| Valor Estate, formerly DB Realty, has emerged as the highest bidder for Lavasa Corporation with a ₹771.09 crore offer. This follows a frenzied bidding process with ten rounds, as part of the insolvency resolution for the debt-laden hill city project. The committee of creditors will negotiate further, but environmental clearances remain a key hurdle, making lenders cautious despite this progress. Read more |
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 Dubai homebuyers face heat: ED sounds alarm on missing trails to UAE properties |
| Indian authorities are investigating Dubai property purchases. Some buyers face notices from the Income Tax department and summons from the Enforcement Directorate. The ED is examining potential FEMA and PMLA violations. Issues include unreported fund transfers and cryptocurrency use. Residents must explain their source of funds. Illegal routes may lead to prosecution. The Black Money Act could impose penalties. Read more |
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 Kapil Sharma’s KAP'S CAFE in Canada attacked by gunfire shortly after launch |
| Kapil Sharma Cafe news: Kapil Sharma's newly opened restaurant, KAP'S CAFE, in Surrey, Canada, became the site of a shooting late Wednesday night. While several gunshots were fired at the establishment, initial reports confirm that no injuries have been reported. Authorities have launched an investigation into the incident, which targeted the popular café. Read more |
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 Linda Yaccarino's net worth: Her paycheck at Elon Musk's X will leave you speechless |
| Linda Yaccarino's net worth: Linda Yaccarino has officially stepped down as CEO of X, Elon Musk's social media company, after two turbulent years in charge. Her surprise resignation comes in the wake of a controversial incident involving X's AI chatbot Grok earlier this week. She has a multimillion-dollar fortune that speaks to her decades of influence in media and innovation. Read more |
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How Indians were sold on a Rs 23 lakh Golden visa that never existed
Closed-door meet at Bombay House: Tata Sons chief Chandrasekaran makes a move Ratan Tata never did
Priya Nair named Hindustan Unilever MD & CEO; to succeed Rohit Jawa
Brazil halts negotiations with India for Akash missile, turns to European alternative with longer range
YouTube monetisation update: Google is changing payment system from next week, check new policy and who will be affected
Bihar voter list case: SC allows EC to proceed with SIR revision; asks poll body to consider Aadhaar, voter ID, ration card
Tesla to open first India experience center in Mumbai on July 15; deliveries expected to begin in late August
Maharashtra polls were rigged, we will not allow same to happen in Bihar: Rahul Gandhi
World's largest dam project in China a 'water bomb' for India, says Arunachal CM Khandu
Earthquake today: 3.7 magnitude quake jolts Haryana; Tremors felt across Delhi-NCR