<?xml version="1.0" encoding="UTF-8"?><rss xmlns:atom="http://www.w3.org/2005/Atom" version="2.0"><channel><title>Economic Times</title><link>https://economictimes.indiatimes.com</link><description>The Economic Times: Breaking news, views, reviews, cricket from across India</description><language>en-gb</language><copyright>Copyright:(C)Sun, 14 Jun 2026 00:38:47 Bennett Coleman and Co. Ltd,  http://info.indiatimes.com/terms/tou.html</copyright><docs>http://timescontent.com/</docs><image><title>Economic Times</title><url>https://img.etimg.com/thumb/msid-76939477,quality-100/economictimes.jpg</url><link>https://economictimes.indiatimes.com</link></image><lastBuildDate>Sun, 14 Jun 2026 00:38:47 +0530</lastBuildDate><atom:link type="application/rss+xml" rel="self" href="https://economictimes.indiatimes.com/rssfeedstopstories.cms"/><item><title><![CDATA[Ebola fears chill Indians' Africa travel plans]]> </title><link>https://economictimes.indiatimes.com/industry/services/travel/ebola-anxiety-puts-a-chill-on-indian-travellers-hot-africa-summer-plans/articleshow/131710937.cms</link><guid>https://economictimes.indiatimes.com/industry/services/travel/ebola-anxiety-puts-a-chill-on-indian-travellers-hot-africa-summer-plans/articleshow/131710937.cms</guid><pubDate>Sun, 14 Jun 2026 00:02:38 +0530</pubDate></item><item><title><![CDATA[Antwerp port courts India as cargo volumes slip]]> </title><link>https://economictimes.indiatimes.com/news/economy/foreign-trade/antwerp-bruges-port-eyes-bigger-india-share-as-cargo-volumes-dip-bets-on-green-hydrogen/articleshow/131710056.cms</link><guid>https://economictimes.indiatimes.com/news/economy/foreign-trade/antwerp-bruges-port-eyes-bigger-india-share-as-cargo-volumes-dip-bets-on-green-hydrogen/articleshow/131710056.cms</guid><pubDate>Sat, 13 Jun 2026 23:32:16 +0530</pubDate></item><item><title><![CDATA[Adani Green bets big on battery storage at Khavda]]> </title><link>https://economictimes.indiatimes.com/industry/renewables/adani-green-to-commission-14-gwh-battery-storage-at-khavda-by-fiscal-year-end-to-cut-clean-energy-wastage/articleshow/131710052.cms</link><guid>https://economictimes.indiatimes.com/industry/renewables/adani-green-to-commission-14-gwh-battery-storage-at-khavda-by-fiscal-year-end-to-cut-clean-energy-wastage/articleshow/131710052.cms</guid><pubDate>Sat, 13 Jun 2026 23:22:44 +0530</pubDate></item><item><title><![CDATA[New Alzheimer's drug in India, but at what cost?]]> </title><link>https://economictimes.indiatimes.com/industry/healthcare/biotech/pharmaceuticals/eli-lillys-alzheimers-drug-donanemab-approved-in-india-but-neurologists-flag-cost-access-barriers/articleshow/131710050.cms</link><guid>https://economictimes.indiatimes.com/industry/healthcare/biotech/pharmaceuticals/eli-lillys-alzheimers-drug-donanemab-approved-in-india-but-neurologists-flag-cost-access-barriers/articleshow/131710050.cms</guid><pubDate>Sat, 13 Jun 2026 23:19:44 +0530</pubDate></item><item><title><![CDATA[Air India trims plans as Tata pushes back on losses]]> </title><link>https://economictimes.indiatimes.com/industry/transportation/airlines-/-aviation/air-india-plans-to-downsize-with-owner-tata-balking-at-losses/articleshow/131681729.cms</link><guid>https://economictimes.indiatimes.com/industry/transportation/airlines-/-aviation/air-india-plans-to-downsize-with-owner-tata-balking-at-losses/articleshow/131681729.cms</guid><pubDate>Fri, 12 Jun 2026 16:00:43 +0530</pubDate></item><item><title><![CDATA[From Mailer's fug to Trump's free speech moment]]> </title><link>https://economictimes.indiatimes.com/opinion/et-commentary/from-norman-mailers-fug-to-trumps-oval-office-how-a-four-letter-word-conquered-the-english-language/articleshow/131709700.cms</link><guid>https://economictimes.indiatimes.com/opinion/et-commentary/from-norman-mailers-fug-to-trumps-oval-office-how-a-four-letter-word-conquered-the-english-language/articleshow/131709700.cms</guid><pubDate>Sat, 13 Jun 2026 23:00:29 +0530</pubDate></item><item><title><![CDATA[US-Iran deal may be signed in 24 hours: Pak PM]]> </title><link>https://economictimes.indiatimes.com/news/international/world-news/pakistan-pm-says-us-iran-peace-deal-signing-expected-within-24-hours/articleshow/131703039.cms</link><guid>https://economictimes.indiatimes.com/news/international/world-news/pakistan-pm-says-us-iran-peace-deal-signing-expected-within-24-hours/articleshow/131703039.cms</guid><pubDate>Sat, 13 Jun 2026 16:45:48 +0530</pubDate></item><item><title><![CDATA[India beat Afghanistan by 7 wickets in 1st ODI]]> </title><link>https://economictimes.indiatimes.com/news/sports/shubman-gill-leads-india-to-seven-wicket-win-over-afghanistan-in-rain-hit-opener/articleshow/131709446.cms</link><guid>https://economictimes.indiatimes.com/news/sports/shubman-gill-leads-india-to-seven-wicket-win-over-afghanistan-in-rain-hit-opener/articleshow/131709446.cms</guid><pubDate>Sat, 13 Jun 2026 22:42:01 +0530</pubDate></item><item><title><![CDATA[Former Bengal minister Manas Bhunia quits TMC]]> </title><link>https://economictimes.indiatimes.com/news/politics-and-nation/former-bengal-minister-manas-bhunia-quits-tmc/articleshow/131708743.cms</link><guid>https://economictimes.indiatimes.com/news/politics-and-nation/former-bengal-minister-manas-bhunia-quits-tmc/articleshow/131708743.cms</guid><pubDate>Sat, 13 Jun 2026 22:09:01 +0530</pubDate></item><item><title><![CDATA[Gill races to 3,000: A record for the ages]]> </title><link>https://economictimes.indiatimes.com/news/sports/shubman-gill-becomes-fastest-indian-2nd-fastest-overall-to-3000-odi-runs-in-india-vs-afghanistan-1st-odi/articleshow/131707957.cms</link><guid>https://economictimes.indiatimes.com/news/sports/shubman-gill-becomes-fastest-indian-2nd-fastest-overall-to-3000-odi-runs-in-india-vs-afghanistan-1st-odi/articleshow/131707957.cms</guid><pubDate>Sat, 13 Jun 2026 21:29:21 +0530</pubDate></item><item><title><![CDATA[Global air travel demand to slow to 2.1% in 2026]]> </title><link>https://economictimes.indiatimes.com/industry/transportation/airlines-/-aviation/global-air-travel-demand-to-slow-to-2-1-in-2026-iata-says/articleshow/131707390.cms</link><guid>https://economictimes.indiatimes.com/industry/transportation/airlines-/-aviation/global-air-travel-demand-to-slow-to-2-1-in-2026-iata-says/articleshow/131707390.cms</guid><pubDate>Sat, 13 Jun 2026 21:05:58 +0530</pubDate></item><item><title><![CDATA[INDIA already won 2029 Lok Sabha polls: RaGa]]> </title><link>https://economictimes.indiatimes.com/news/politics-and-nation/india-bloc-has-already-won-2029-lok-sabha-polls-rahul-gandhi/articleshow/131707429.cms</link><guid>https://economictimes.indiatimes.com/news/politics-and-nation/india-bloc-has-already-won-2029-lok-sabha-polls-rahul-gandhi/articleshow/131707429.cms</guid><pubDate>Sat, 13 Jun 2026 20:53:58 +0530</pubDate></item><item><title><![CDATA[RBI Governor meets Bengal CM Adhikari]]> </title><link>https://economictimes.indiatimes.com/news/india/rbi-governor-meets-bengal-cm-adhikari-ahead-of-states-first-budget/articleshow/131707474.cms</link><guid>https://economictimes.indiatimes.com/news/india/rbi-governor-meets-bengal-cm-adhikari-ahead-of-states-first-budget/articleshow/131707474.cms</guid><pubDate>Sat, 13 Jun 2026 20:53:29 +0530</pubDate></item><item><title><![CDATA[TMC targets ECI over 'mysterious' fire in EVMs]]> </title><link>https://economictimes.indiatimes.com/news/politics-and-nation/tampering-with-democracy-tmc-targets-eci-over-mysterious-fire-that-gutted-4000-evms-in-kolkata/articleshow/131706400.cms</link><guid>https://economictimes.indiatimes.com/news/politics-and-nation/tampering-with-democracy-tmc-targets-eci-over-mysterious-fire-that-gutted-4000-evms-in-kolkata/articleshow/131706400.cms</guid><pubDate>Sat, 13 Jun 2026 20:13:22 +0530</pubDate></item><item><title><![CDATA[Bid to pay Trump's weaponisation victims]]> </title><link>https://economictimes.indiatimes.com/news/international/world-news/trumps-allies-have-another-plan-to-pay-weaponisation-victims/articleshow/131706328.cms</link><guid>https://economictimes.indiatimes.com/news/international/world-news/trumps-allies-have-another-plan-to-pay-weaponisation-victims/articleshow/131706328.cms</guid><pubDate>Sat, 13 Jun 2026 19:36:53 +0530</pubDate></item><item><title><![CDATA[11 Indians convicted in Nigeria drug bust]]> </title><link>https://economictimes.indiatimes.com/news/india/11-indian-sailors-convicted-ship-fined-5-3-million-for-cocaine-trafficking-in-nigeria/articleshow/131706290.cms</link><guid>https://economictimes.indiatimes.com/news/india/11-indian-sailors-convicted-ship-fined-5-3-million-for-cocaine-trafficking-in-nigeria/articleshow/131706290.cms</guid><pubDate>Sat, 13 Jun 2026 19:29:38 +0530</pubDate></item><item><title><![CDATA[India names Lt Gen Dhiraj Seth as Army Chief]]> </title><link>https://economictimes.indiatimes.com/news/defence/centre-appoints-lt-gen-dhiraj-seth-as-next-army-chief/articleshow/131701992.cms</link><guid>https://economictimes.indiatimes.com/news/defence/centre-appoints-lt-gen-dhiraj-seth-as-next-army-chief/articleshow/131701992.cms</guid><pubDate>Sat, 13 Jun 2026 15:43:52 +0530</pubDate></item><item><title><![CDATA[5 IAF personnel killed in AN-32 crash in Assam]]> </title><link>https://economictimes.indiatimes.com/news/defence/five-iaf-personnel-killed-after-an-an-32-aircraft-crashes-at-jorhat-airbase-in-assam/articleshow/131700601.cms</link><guid>https://economictimes.indiatimes.com/news/defence/five-iaf-personnel-killed-after-an-an-32-aircraft-crashes-at-jorhat-airbase-in-assam/articleshow/131700601.cms</guid><pubDate>Sat, 13 Jun 2026 14:08:26 +0530</pubDate></item><item><title><![CDATA[TMC's Derek O'Brien rejects merger rumours]]> </title><link>https://economictimes.indiatimes.com/news/politics-and-nation/tmc-leader-derek-obrien-rejects-party-merger-rumours-calls-reports-fake-news/articleshow/131705349.cms</link><guid>https://economictimes.indiatimes.com/news/politics-and-nation/tmc-leader-derek-obrien-rejects-party-merger-rumours-calls-reports-fake-news/articleshow/131705349.cms</guid><pubDate>Sat, 13 Jun 2026 19:00:14 +0530</pubDate></item><item><title><![CDATA[Vizag Steel Plant accident death toll rises to 10]]> </title><link>https://economictimes.indiatimes.com/news/india/vizag-steel-plant-accident-death-toll-rises-to-10/articleshow/131704881.cms</link><guid>https://economictimes.indiatimes.com/news/india/vizag-steel-plant-accident-death-toll-rises-to-10/articleshow/131704881.cms</guid><pubDate>Sat, 13 Jun 2026 18:24:19 +0530</pubDate></item><item><title><![CDATA[India’s FTAs may hold the key to $1T exports dream]]> </title><link>https://economictimes.indiatimes.com/news/economy/foreign-trade/indias-ftas-set-stage-for-1-trillion-export-target-report/articleshow/131698363.cms</link><guid>https://economictimes.indiatimes.com/news/economy/foreign-trade/indias-ftas-set-stage-for-1-trillion-export-target-report/articleshow/131698363.cms</guid><pubDate>Sat, 13 Jun 2026 11:08:06 +0530</pubDate></item><item><title><![CDATA[4 die in rain incidents in Pak's Khyber Pakhtunkhwa]]> </title><link>https://economictimes.indiatimes.com/news/international/world-news/4-people-die-in-rain-related-incidents-in-pakistans-khyber-pakhtunkhwa/articleshow/131704503.cms</link><guid>https://economictimes.indiatimes.com/news/international/world-news/4-people-die-in-rain-related-incidents-in-pakistans-khyber-pakhtunkhwa/articleshow/131704503.cms</guid><pubDate>Sat, 13 Jun 2026 17:53:59 +0530</pubDate></item><item><title><![CDATA[China fights US move to brand firms military-linked]]> </title><link>https://economictimes.indiatimes.com/news/international/business/china-opposes-us-move-to-list-top-firms-as-military-companies/articleshow/131704424.cms</link><guid>https://economictimes.indiatimes.com/news/international/business/china-opposes-us-move-to-list-top-firms-as-military-companies/articleshow/131704424.cms</guid><pubDate>Sat, 13 Jun 2026 17:51:04 +0530</pubDate></item><item><title><![CDATA[US-Iran peace deal: What we know so far]]> </title><link>https://economictimes.indiatimes.com/news/international/world-news/what-we-know-about-a-possible-deal-to-end-the-iran-war/articleshow/131703618.cms</link><guid>https://economictimes.indiatimes.com/news/international/world-news/what-we-know-about-a-possible-deal-to-end-the-iran-war/articleshow/131703618.cms</guid><pubDate>Sat, 13 Jun 2026 17:20:28 +0530</pubDate></item><item><title><![CDATA[IMD issues yellow alert for NW India rains]]> </title><link>https://economictimes.indiatimes.com/news/india/light-to-moderate-rainfall-is-still-anticipated-across-northwest-india-says-imd-scientist-issues-yellow-alert/articleshow/131703502.cms</link><guid>https://economictimes.indiatimes.com/news/india/light-to-moderate-rainfall-is-still-anticipated-across-northwest-india-says-imd-scientist-issues-yellow-alert/articleshow/131703502.cms</guid><pubDate>Sat, 13 Jun 2026 17:09:45 +0530</pubDate></item><item><title><![CDATA[Senior citizens FDs with up to 8.3% rate]]> </title><link>https://economictimes.indiatimes.com/wealth/invest/senior-citizens-fd-interest-rates-up-to-8-3-sbi-hdfc-bank-pnb-icici-bank-axis-bank-and-more/articleshow/131702020.cms</link><guid>https://economictimes.indiatimes.com/wealth/invest/senior-citizens-fd-interest-rates-up-to-8-3-sbi-hdfc-bank-pnb-icici-bank-axis-bank-and-more/articleshow/131702020.cms</guid><pubDate>Sat, 13 Jun 2026 15:54:31 +0530</pubDate></item><item><title><![CDATA[EPS-95 explained: From eligibility to family benefits]]> </title><link>https://economictimes.indiatimes.com/wealth/save/eps-pension-scheme-eps-95-explained-eligibility-pension-formula-withdrawal-family-benefits-and-more/articleshow/131697603.cms</link><guid>https://economictimes.indiatimes.com/wealth/save/eps-pension-scheme-eps-95-explained-eligibility-pension-formula-withdrawal-family-benefits-and-more/articleshow/131697603.cms</guid><pubDate>Sat, 13 Jun 2026 11:26:16 +0530</pubDate></item><item><title><![CDATA[India's chip bet needs a market and a desi identity]]> </title><link>https://economictimes.indiatimes.com/tech/technology/dli-backed-chip-companies-call-for-government-procurement-support/articleshow/131690611.cms</link><guid>https://economictimes.indiatimes.com/tech/technology/dli-backed-chip-companies-call-for-government-procurement-support/articleshow/131690611.cms</guid><pubDate>Sat, 13 Jun 2026 06:00:00 +0530</pubDate></item><item><title><![CDATA[Small savings interest rates up to 8.2%: Check rates]]> </title><link>https://economictimes.indiatimes.com/wealth/invest/interest-rates-up-8-2-on-small-savings-schemes-see-what-scss-ssa-ppf-nsc-mis-offer/articleshow/131697461.cms</link><guid>https://economictimes.indiatimes.com/wealth/invest/interest-rates-up-8-2-on-small-savings-schemes-see-what-scss-ssa-ppf-nsc-mis-offer/articleshow/131697461.cms</guid><pubDate>Sat, 13 Jun 2026 09:50:23 +0530</pubDate></item><item><title><![CDATA[Umar Khalid, Sharjeel Imam move fresh bail plea]]> </title><link>https://economictimes.indiatimes.com/news/india/umar-khalid-sharjeel-imam-move-fresh-bail-pleas-after-nearly-6-years-in-jail/articleshow/131702825.cms</link><guid>https://economictimes.indiatimes.com/news/india/umar-khalid-sharjeel-imam-move-fresh-bail-pleas-after-nearly-6-years-in-jail/articleshow/131702825.cms</guid><pubDate>Sat, 13 Jun 2026 16:40:13 +0530</pubDate></item><item><title><![CDATA[₹50L to ₹1.4Cr: Should you extend PPF at maturity?]]> </title><link>https://economictimes.indiatimes.com/wealth/invest/50-lakh-to-1-4-crore-how-extending-your-ppf-can-add-lakhs-to-your-corpus-and-who-should-do-it/articleshow/131677586.cms</link><guid>https://economictimes.indiatimes.com/wealth/invest/50-lakh-to-1-4-crore-how-extending-your-ppf-can-add-lakhs-to-your-corpus-and-who-should-do-it/articleshow/131677586.cms</guid><pubDate>Fri, 12 Jun 2026 13:00:09 +0530</pubDate></item><item><title><![CDATA[India, Nepal discusses cross-border rail]]> </title><link>https://economictimes.indiatimes.com/industry/transportation/railways/india-nepal-discusses-cross-border-rail-connectivity/articleshow/131702835.cms</link><guid>https://economictimes.indiatimes.com/industry/transportation/railways/india-nepal-discusses-cross-border-rail-connectivity/articleshow/131702835.cms</guid><pubDate>Sat, 13 Jun 2026 16:28:52 +0530</pubDate></item><item><title><![CDATA[BCCI refuses middleman role in IPL player row]]> </title><link>https://economictimes.indiatimes.com/news/sports/ipl-foreign-players-auctioned-paid-then-unavailable-bcci-has-a-message-for-teams/articleshow/131702383.cms</link><guid>https://economictimes.indiatimes.com/news/sports/ipl-foreign-players-auctioned-paid-then-unavailable-bcci-has-a-message-for-teams/articleshow/131702383.cms</guid><pubDate>Sat, 13 Jun 2026 16:03:15 +0530</pubDate></item><item><title><![CDATA[Fossil fix: India Inc finds new way to cut fuel bills]]> </title><link>https://economictimes.indiatimes.com/industry/renewables/big-corporates-plug-into-electric-trucks-as-rising-diesel-and-logistics-expenses-drive-a-rethink/articleshow/131693247.cms</link><guid>https://economictimes.indiatimes.com/industry/renewables/big-corporates-plug-into-electric-trucks-as-rising-diesel-and-logistics-expenses-drive-a-rethink/articleshow/131693247.cms</guid><pubDate>Sat, 13 Jun 2026 01:07:10 +0530</pubDate></item><item><title><![CDATA[No relief to Polo Association in eviction case]]> </title><link>https://economictimes.indiatimes.com/news/india/delhi-court-declines-interim-relief-to-indian-polo-association-in-jaipur-polo-ground-eviction-case/articleshow/131701884.cms</link><guid>https://economictimes.indiatimes.com/news/india/delhi-court-declines-interim-relief-to-indian-polo-association-in-jaipur-polo-ground-eviction-case/articleshow/131701884.cms</guid><pubDate>Sat, 13 Jun 2026 15:33:42 +0530</pubDate></item><item><title><![CDATA[Just 4 exercises, 4 minutes a day boosts fitness]]> </title><link>https://economictimes.indiatimes.com/news/new-updates/just-4-exercises-for-4-minutes-per-day-study-shows-surprising-fitness-benefits-in-older-adults/articleshow/131701563.cms</link><guid>https://economictimes.indiatimes.com/news/new-updates/just-4-exercises-for-4-minutes-per-day-study-shows-surprising-fitness-benefits-in-older-adults/articleshow/131701563.cms</guid><pubDate>Sat, 13 Jun 2026 15:21:07 +0530</pubDate></item><item><title><![CDATA[Now, 40-metre mobile tower goes missing in Bihar]]> </title><link>https://economictimes.indiatimes.com/news/new-updates/remember-bihars-missing-bridge-now-thieves-have-stolen-a-40-metre-mobile-tower/articleshow/131701128.cms</link><guid>https://economictimes.indiatimes.com/news/new-updates/remember-bihars-missing-bridge-now-thieves-have-stolen-a-40-metre-mobile-tower/articleshow/131701128.cms</guid><pubDate>Sat, 13 Jun 2026 14:45:04 +0530</pubDate></item><item><title><![CDATA[Modi heads to France: Macron, Trump &amp; G7 in focus]]> </title><link>https://economictimes.indiatimes.com/news/india/modi-heads-to-france-macron-talks-g7-summit-indias-global-south-agenda-in-focus/articleshow/131698128.cms</link><guid>https://economictimes.indiatimes.com/news/india/modi-heads-to-france-macron-talks-g7-summit-indias-global-south-agenda-in-focus/articleshow/131698128.cms</guid><pubDate>Sat, 13 Jun 2026 10:44:19 +0530</pubDate></item><item><title><![CDATA[Gold rate today in Delhi, Mumbai &amp; other cities ]]> </title><link>https://economictimes.indiatimes.com/wealth/invest/gold-rate-today-june-13-2026-check-24k-22k-and-18k-gold-jewellery-rates-from-ibja-malabar-gold-and-diamonds-joyalukkas-tanishq-in-delhi-mumbai-kolkata-chennai-bangalore-and-hyderabad/articleshow/131699504.cms</link><guid>https://economictimes.indiatimes.com/wealth/invest/gold-rate-today-june-13-2026-check-24k-22k-and-18k-gold-jewellery-rates-from-ibja-malabar-gold-and-diamonds-joyalukkas-tanishq-in-delhi-mumbai-kolkata-chennai-bangalore-and-hyderabad/articleshow/131699504.cms</guid><pubDate>Sat, 13 Jun 2026 12:44:22 +0530</pubDate></item><item><title><![CDATA[Trinamool Congress split may soon head to ECI]]> </title><link>https://economictimes.indiatimes.com/news/politics-and-nation/trinamool-split-may-soon-head-to-eci-amid-factionalism-majority-test-looms-large/articleshow/131693028.cms</link><guid>https://economictimes.indiatimes.com/news/politics-and-nation/trinamool-split-may-soon-head-to-eci-amid-factionalism-majority-test-looms-large/articleshow/131693028.cms</guid><pubDate>Sat, 13 Jun 2026 00:42:58 +0530</pubDate></item><item><title><![CDATA[Tata Trusts VC Singh seeks inquiry into 1989 case]]> </title><link>https://economictimes.indiatimes.com/news/company/corporate-trends/tata-trusts-vice-chairman-seeks-inquiry-into-1989-share-transfer-of-tata-sons/articleshow/131695970.cms</link><guid>https://economictimes.indiatimes.com/news/company/corporate-trends/tata-trusts-vice-chairman-seeks-inquiry-into-1989-share-transfer-of-tata-sons/articleshow/131695970.cms</guid><pubDate>Sat, 13 Jun 2026 06:12:30 +0530</pubDate></item><item><title><![CDATA[Gadkari signs 100% ethanol fuel rules file]]> </title><description><![CDATA[Nagpur : Union Minister for Road Transport and Highways Nitin Gadkari on Saturday said that he has approved giving legal recognition for 100 per cent ethanol blend fuel, saying that such a move will help reduce import dependence.Speaking at a press conference commemorating 12 years of Prime Minister Narendra Modi's leadership, Union Minister Gadkari said, "Last night at 8 PM, I signed the file making rules for 100% ethanol and giving it legal process."Talking about import dependence regarding fossil fuels for India, Minister Gadkari said that ethanol will emerge as a "viable alternative to petrol", and help reduce the burden of Rs 22 lakh crore worth of imports."The country has an import of 22 lakh crores. Now, the resolution we made to reduce this import... gradually gas will also be produced in the country. An alternative to petrol and diesel will also be ready," he said.Talking about attending the launch of Maruti Suzuki's WagonR being launched in a 'flex-fuel' model, which runs on 100 per cent ethanol, Gadkari expressed confidence in even two-wheelers being made for this, and multiple companies will soon adopt the model."I am pleased to share that I had the opportunity to launch the Maruti Suzuki WagonR running on 100% ethanol. Among the motorcycles launched, three out of five are from Hero MotoCorp, and two of Hero's motorcycles have already been launched on 100% ethanol," he said."In the next two months, companies such as Toyota, Suzuki, and Hyundai will also launch vehicles that run entirely on 100% ethanol," he added.Talking about his push for ethanol blends for fuel, the Union Minister said that he faced a pushback against the idea, with some misinformation also being spread."I used to talk about this dream, and people used to laugh. Some friends even used to criticize it. I'll tell you a good story about how efforts are made to defame ethanol," he said.Narrating an incident, the Union minister said that a public personality once called him and told him about his jeep breaking down, where it was claimed that the vehicle was facing a problem because of ethanol blending."One person called me and said his jeep had broken down. When he took it to the mechanic, the mechanic said the car broke down because of putting ethanol in it. I asked him if his car runs on petrol or diesel. He said diesel. I said, 'We don't even put ethanol in diesel, so how did it break down?' So, many attempts were made to spread misinformation," Gadkari said.Union Ministers Hardeep Puri and Nitin Gadkari attended the launch event of Maruti Suzuki's flex-fuel car on June 4.Speaking further on 12 years of governance under PM Modi, the Union Minister highlighted how multiple projects have been developed across various sectors.He said, "Thanks to the double-engine government, Nagpur has witnessed significant work across various sectors...projects include the Oxygen Park and Bird Park, and we are currently developing an adventure park as well...we completed Phase 1 of the Metro and are now preparing the Detailed Project Report (DPR) for Phase 3. Major institutions like AIIMS Nagpur, IIM, National Law University, and IIIT Butibori have been established."]]> </description><link>https://economictimes.indiatimes.com/industry/energy/oil-gas/signed-file-on-100-per-cent-ethanol-fuel-rules-nitin-gadkari-says-multiple-companies-to-adopt-alternative-blend/articleshow/131711066.cms</link><guid>https://economictimes.indiatimes.com/industry/energy/oil-gas/signed-file-on-100-per-cent-ethanol-fuel-rules-nitin-gadkari-says-multiple-companies-to-adopt-alternative-blend/articleshow/131711066.cms</guid><pubDate>Sat, 13 Jun 2026 23:55:00 +0530</pubDate></item><item><title><![CDATA[Office realty leasing rises 30%, on track to beat last year high]]> </title><description><![CDATA[Mumbai: Robust demand for office spaces has pushed commercial property leasing in the first three quarters of 2019 by 30% from a year ago, taking it closer to entire 2018’s performance and making sure that this year surpasses the peak touched last year.Driven by tech corporates — accounting for about a third of the leasing activity — office space take-up touched 47 million sq ft in the first nine months against entire 2018’s performance of 48.9 million sq ft, showed data from CBRE South Asia. With this, office leasing activity is now expected to touch its highest level ever, estimated to be over 60 million sq ft in 2019.Leasing activity stood at about 15.4 million sq ft during the quarter ended September, rising by nearly 23% on an annual basis. This was dominated by small- to medium-sized transactions. Small-sized transactions of less than 10,000 sq ft accounted for over 40% of the transaction activity in the quarter.
  
  
  
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“With office leasing scaling a historic high in 2019, we expect further strengthening of occupier sentiment in the medium to long term, backed by corporates looking to expand or consolidate their operations. Favourable government initiatives, transparency in the real estate sector and the right reforms will improve investor sentiment greatly in the coming quarters,” said Anshuman Magazine, CEO, India, South-east Asia, Middle East and Africa, CBRE.Like last year, he expects occupiers would put in greater efforts to incorporate flexibility in their portfolios due to changes in the business environment. Occupiers continued to futureproof their portfolios and hedge against future rental escalations by pre-leasing space across various cities.Bengaluru, followed by Hyderabad, dominated large-sized deal closures, while a few large deals were also reported in the NCR and Pune as well. Large-scale deal closures were mostly dominated by tech firms and flexible space operators. Firms belonging to sectors such as research, consulting &amp; analytics, banking, financial services &amp; insurance (BFSI), and engineering &amp; manufacturing also closed large-sized deals.Tech corporates led the office space take-up, followed by research, consulting &amp; analytics companies (19%) and flexible space operators (15%). The rise in the share of flexible space operators (10% in the second quarter of 2019) was primarily a result of their continued expansion across almost all cities.“The share of the tech sector rose from 31% to 40% annually during 2019 year-to-date, which implies that a rise in technology alternatives, insourcing / job preservation in the US and a global slowdown have not had any specific impact on India’s position as a preferred outsourcing destination for both high-skilled and low-skilled tech services, research and development,” said Ram Chandnani, managing director, advisory &amp; transaction services, India, CBRE South Asia.Supply addition rose by more than 80% in 2019 YTD on an annual basis, with about 43.5 million sq. ft. of development completions reported.Four cities — Hyderabad, Bengaluru, NCR and Mumbai — accounted for almost 80% of this supply addition.Compared to the first three quarters in 2018, the share of SEZs in supply dipped from 40% to 27% during 2019 YTD. Supply addition in the quarter also rose by about 6% on a quarterly basis, touching about 15 million sq. ft. More than 70% of this supply was driven by Hyderabad and NCR, followed by Bengaluru.]]> </description><link>https://economictimes.indiatimes.com/news/company/corporate-trends/office-realty-leasing-rises-30-on-track-to-beat-last-year-high/articleshow/71641557.cms</link><guid>https://economictimes.indiatimes.com/news/company/corporate-trends/office-realty-leasing-rises-30-on-track-to-beat-last-year-high/articleshow/71641557.cms</guid><pubDate>Fri, 18 Oct 2019 08:18:48 +0530</pubDate></item><item><title><![CDATA[Developers may face liquidity crisis on NBFC woes: Fitch]]> </title><description><![CDATA[MUMBAI: Liquidity risk is increasing for Indian-based real-estate developers, as non-bank financial institutions (NBFI; including housing finance companies) are shying away from lending to the sector, said Fitch Ratings.Developers that rely on refinancing from NBFIs, particularly those with weak financial profiles, will be affected the most should conditions persist. The availability of unencumbered assets among large developers may be of limited use, as NBFIs are looking to shed their already-high exposure to the sector, especially to large borrowers.NBFIs have disproportionately increased their share of real-estate sector credit in the previous few years, owing to heightened risk aversion by banks; banks have been cutting exposure due to their own funding challenges that began in late 2018, which have become more acute in the previous few months; domestic bank exposures fell to 2.3% of loans in the financial year ending March 2019 from 2.8% in 2015-16.NBFIs are now also shying away from refinancing maturing debt of even large, proven developers to limit concentration risk to the sector. This is pushing developers towards alternative funding channels, such as private equity. The availability of such funding could be more limited than the value of maturing debt and may only be available to established developers with sufficient unpledged assets. It would also come at a higher cost. We believe banks may still consider exposure to quality real estate, but overall exposure continues to decline.Developers that are focused on high-end projects may face higher risk, as sales of such projects have slowed in the last two years. We believe these developers would be wary of taking sharp price corrections on unsold inventory to boost sales, except in extreme circumstances, as this could diminish the value of unsold inventory and weaken collateral cover for existing lenders.In addition, any boost in sales would be temporary. Meanwhile, developers with substantial exposure to affordable housing may still benefit from marginal access to lenders in light of healthy pre-sales growth, supported by India's substantial housing deficit and government incentives for buyers via the credit-linked subsidy scheme as well as for developers, including tax deductions and grant of infrastructure status, which entitles companies to some benefits and concessions.The government has announced measures to improve NBFI-sector liquidity, but their efficacy remains to be seen. For example, we believe the government's July 2019 announcement to provide a first-loss guarantee of 10% on securitised assets issued by NBFIs to banks could ease funding pressure for NBFIs in the short term. However, the provision refers only to financially sound issuers and there is a lack of clarity about the duration of the guarantee and the definition of what comprises a 'financially sound' entity. In addition, most of the actions by the authorities to alleviate the liquidity squeeze will benefit the largest and least risky NBFIs and is unlikely to address the pressure on the more property focused players.Defaults by two NBFIs - Infrastructure Leasing &amp; Financial Services Ltd (IL&amp;FS) in September 2018 and Dewan Housing Finance Corporation Ltd (DHFL) in June 2019 - have contributed to the sector-wide liquidity squeeze, as investors have become more risk averse. Banks' low appetite for lending to real-estate developers is evidenced by the usually high risk weights attached to such loans. These are due to developers' typically low credit ratings amid high leverage, making exposure to the sector an inefficient use of banks' already-limited capital.Substantial bank recapitalisation to increase lending capacity could benefit NBFIs as well as real-estate developers, subject to the banks' risk appetite. Although a structural improvement in NBFI asset books would take time. Nonetheless, even under better conditions we expect NBFI's to tighten credit standards, with developers facing funding pressure until there is a broader improvement in their operations, with better end-user demand and pricing support. ]]> </description><link>https://economictimes.indiatimes.com/industry/services/property-/-cstruction/developers-may-face-liquidity-crisis-on-nbfc-woes-fitch/articleshow/70700244.cms</link><guid>https://economictimes.indiatimes.com/industry/services/property-/-cstruction/developers-may-face-liquidity-crisis-on-nbfc-woes-fitch/articleshow/70700244.cms</guid><pubDate>Fri, 16 Aug 2019 15:59:50 +0530</pubDate></item><item><title><![CDATA[Adani Green to seek board nod to raise up to $1 billion]]> </title><description><![CDATA[Adani Green Energy is set to seek board approval to raise Rs 6,150 crore ($750 million) to Rs 8,200 crore ($1 billion) through the qualified institutional placement (QIP) route, said people aware of the matter.Two group companies had got approval of their boards for fundraising on May 13 —Adani Enterprises (Rs 12,500 crore) and Adani Transmission (Rs 8,500 crore).The exercise is part of a group plan outlined internally last year to build a “three-year equity cushion” to support expansion plans.Adani Green has secured such capital-raising permission every year from its board except in 2021, as per a Bloomberg analysis.The capital raised by Adani Green Energy will be used to repay an outstanding $750 million, three-year bond issued in 2021 that’s due next year. The money is likely to be kept in a dedicated redemption reserve account and paid on the due date, said the people cited above.Renegotiating Terms With TotalThe original plan had been to prepay the bond after special Reserve Bank of India (RBI) approval but the company decided against this move.“We do not comment on routine business matters. All public disclosures on business matters are disclosed when appropriate,” an Adani Group spokesperson told ET.Adani Green is also renegotiating the terms of its agreement with French utilities giant TotalEnergies for a proposed $4 billion investment in a green hydrogen venture, having signed a memorandum of understanding in 2022. In February, Total said it was pausing the plan in the wake of the Hindenburg Research report on the Adani Group alleging stock manipulation and fraud. The Adani Group has rejected the report’s findings.Total had said it won’t immediately proceed with the plan that involved taking a 25% stake in Adani New Industries Ltd (ANIL), a subsidiary of Adani Enterprises.In June last year, ANIL and TotalEnergies had outlined a capex plan of $50 billion to set up a 2.5 million metric tonnes per annum (mmtpa) of green hydrogen manufacturing capacity over the next 10 years, with the first phase of 1 mmtpa expected to be commissioned before 2030. Total had also made a total $10 billion capital commitment to the hydrogen venture, standing guarantor to 50% of the project’s debt, translating to $6 billion, ET had reported February 13.ANIL plans to manufacture green hydrogen and downstream products such as ammonia, urea, methanol and ethanol at its Khavda and Mundra SEZ facilities. The Khavda site has a land bank of 71,000 acres, which has a large-scale renewable deployment potential of 20 GW due to its high wind and solar resource potential.After the initial MoU, a more detailed ‘heads of agreement’ — pre-contractual negotiations for a commercial framework — was originally planned to be signed between May and September this year. But this is unlikely at this juncture.The Adani Group has, however, continued with the project work in Mundra on its own, aiming to complete a substantial part of the first phase of the integrated manufacturing ecosystem for ANIL by December.This involves 4.5 GW of solar module manufacturing capacity and 1.5 GW of wind turbine manufacturing capacity along with electrolysers, glass, aluminium frames etc. Analysts say over 5% of the total capex has already been incurred by Adani though the bulk of the work is scheduled for 2026-2028. Any binding agreement with Total is now expected only in 2024 or 2025 and the valuation and the overall commercial terms is likely to get altered as the French company is not incurring any of the greenfield project risks, they said.“We have 40 GW of land equivalent. We've been doing solar modules for the past five years. We know we will produce modules at 15 cents to 17 cents,” Robbie Singh, chief financial officer of Adani Enterprises, had told ET on January 22.Other than the green hydrogen project, Total has just over $3 billion of investments with Adani, including in gas distribution and solar projects, which it has played down as a small 2.4% slice of its total capital commitments.]]> </description><link>https://economictimes.indiatimes.com/industry/banking/finance/adani-green-to-seek-board-nod-to-raise-up-to-1-billion/articleshow/100459690.cms</link><guid>https://economictimes.indiatimes.com/industry/banking/finance/adani-green-to-seek-board-nod-to-raise-up-to-1-billion/articleshow/100459690.cms</guid><pubDate>Wed, 24 May 2023 06:36:08 +0530</pubDate></item><item><title><![CDATA[At Rs 10,000 crore, Anil Ambani's Reliance Capital recovery may be only 43%]]> </title><description><![CDATA[Lenders to Anil Ambani-promoted Reliance Capital are likely to recover just about ₹10,000 crore after the winning bidder, Hinduja Group, declined to significantly improve its offer in the last round of bilateral negotiations that ended on Monday evening, people aware of the development told ET. The recovery, totalling about ₹10,090 crore on factoring in the target company's cash balances and the Hinduja offer, falls short of the ₹12,500-13,000 crore estimated liquidation value. A Hinduja Group entity, IndusInd International Holdings, offered ₹9,650 crore in the extended auction held on April 26. Hinduja improved the offer by only ₹10 crore during the bilateral negotiations, the people cited above said. In addition, the distressed financial services company has around Rs 430 crore as cash balances, which would be distributed among the lenders. This would add up to Rs 10,090 crore, equating to a 43% recovery for verified lenders.Administrator Nageswara Rao Y has admitted Rs 23,666 crore in claims from verified creditors."Hinduja Group will submit a detailed resolution plan by next week while lenders are in the process of finalising distribution of the proceeds," one of the persons cited above said. After this, the administrator will invite lenders to vote on the eligible plans.However, resolution of Reliance Capital will be subject to approval from the Supreme Court, which is scheduled to hear in August the auction-related dispute between Torrent Investments, a bidder also in the fray in the earlier rounds.  100459497Crucial LIC, EPFO RolesThe stand by LIC, the Employees' Provident Fund Organisation (EPFO) and JC Flowers Asset Reconstruction Co on approving the plan will be critical since they are majority debtholders. Yes Bank, an original Reliance Capital lender, sold its debt to JC Flowers ARC. A resolution plan can be approved only if 66% of creditors vote in its favour.Separately, Credit Suisse-led bondholders have decided not to contest a decision by the National Company Law Tribunal (NCLT), which directed them to return the custody of Reliance General Insurance shares to the administrator, said the people cited above.This has come as a major relief to the lenders that were worried the resolution might be delayed if Credit Suisse-led bondholders appealed against the tribunal's order.In 2018, Credit Suisse-led investors invested in bonds issued by Reliance Home Finance, a Reliance Capital unit. The home finance company failed to honour the payment on the due date. ]]> </description><link>https://economictimes.indiatimes.com/industry/banking/finance/at-rs-10000-crore-anil-ambanis-reliance-capital-recovery-may-be-only-43/articleshow/100459486.cms</link><guid>https://economictimes.indiatimes.com/industry/banking/finance/at-rs-10000-crore-anil-ambanis-reliance-capital-recovery-may-be-only-43/articleshow/100459486.cms</guid><pubDate>Wed, 24 May 2023 06:01:03 +0530</pubDate></item><item><title><![CDATA[SpaceX becomes world's 7th most valuable company after blockbuster market debut]]> </title><description><![CDATA[SpaceX's long-awaited stock market debut on Friday delivered more than just a strong performance from a big name getting listed in recent memory, it instantly propelled Elon Musk's rocket and satellite company into the ranks of the world's most valuable companies. After raising $75 billion in the biggest initial public offering ever, SpaceX began trading under the ticker SPCX at $150, an 11% premium to its IPO price of $135. The stock surged as high as $176.52 during the session before ending the day at $160.95, a gain of nearly 19% from the offer price.That rally was enough to catapult SpaceX into seventh place among the world's most valuable listed companies, according to Companies Marketcap data. With a market value of about $2.1 trillion at Friday's close, SpaceX now sits just behind Taiwan Semiconductor Manufacturing Co. (TSMC), which is valued at $2.9 trillion, and ahead of a vast majority of the world's corporate giants.Also read: Elon Musk net worth tops combined wealth of next 4 billionaires after historic SpaceX debutNvidia remains the world's most valuable company with a market capitalization of $4.72 trillion, followed by Alphabet at $4.15 trillion, Apple at $4.06 trillion, Microsoft at $2.76 trillion, Amazon at $2.44, and TSMC at $2.9 trillion. SpaceX, at Rs 2.1 trillion, now occupies the seventh spot.SpaceX IPO debutInvestor demand was evident throughout the session. More than 500 million shares changed hands on debut, a figure that approached Facebook's first-day trading volume of about 580 million shares in 2012. The momentum did not stop when the closing bell rang.SpaceX shares continued climbing in extended trading, rising close to 3.5% to $166.76 as of 6:30 p.m. ET. Roughly 16 million shares changed hands in post-market activity, adding to the more than 500 million traded during regular hours. The after-hours advance lifted the company's market capitalization by another $80 billion, taking it to around $2.2 trillion.Elon Musk becomes trillionaireThe blockbuster debut also marked a watershed moment for Musk personally. The surge in SpaceX shares pushed his net worth to $1.11 trillion, making him the world's first trillionaire. According to the Bloomberg Billionaires Index, Musk's fortune now exceeds the combined wealth of Larry Page, Sergey Brin, Jeff Bezos and Larry Ellison, whose combined net worth stands at $1.089 trillion.The frenzy around the stock was fueled not only by institutional investors but also by retail traders eager to gain exposure to one of Musk's flagship companies. Despite receiving a smaller-than-expected IPO allocation, retail investors piled into the stock on debut. Read more: SpaceX to list today: Should Indian investors buy shares of Elon Musk's biggest bet after missing the IPO?According to a CNBC report, Data from VandaTrack showed SpaceX was the most-bought stock by retail traders on a net basis during Friday's session, while it was also among the most-discussed names on Reddit's WallStreetBets forum ahead of the listing.What makes the enthusiasm particularly striking is that SpaceX remains loss-making. The company reported 2025 revenue of $18.67 billion and a net loss of $4.94 billion. Investors, however, appear focused on future opportunities across satellite broadband, launch services, defence contracts and AI-related businesses rather than current profitability.Musk is also expected to retain effective control of SpaceX following the IPO. Regulatory filings show he will hold about 82.4% of voting rights through Class B shares, which carry ten votes per share. Public investors, meanwhile, will own Class A shares that carry one vote per share.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)]]> </description><link>https://economictimes.indiatimes.com/markets/us-stocks/news/spacex-becomes-worlds-7th-most-valuable-company-after-blockbuster-market-debut/articleshow/131699116.cms</link><guid>https://economictimes.indiatimes.com/markets/us-stocks/news/spacex-becomes-worlds-7th-most-valuable-company-after-blockbuster-market-debut/articleshow/131699116.cms</guid><pubDate>Sat, 13 Jun 2026 12:07:01 +0530</pubDate></item><item><title><![CDATA[What crypto investors need to know for tax season 2026]]> </title><description><![CDATA[Tax season has a way of revealing how prepared or unprepared investors actually are. For crypto investors in India, this filing season carries more weight than before. The rules have not changed dramatically, but enforcement has, and the consequences of getting it wrong are more serious than most investors realise.A New Act, The Same ObligationsThe Income Tax Act, 2025 came into force on April 1, 2026, replacing the 1961 Act. For investors filing for FY 2025-26, the old Act's provisions still govern your obligations. The core framework remains intact: a flat 30% tax on profits from Virtual Digital Assets, a 1% TDS on transfers exceeding Rs 10,000, no deductions except the cost of acquisition, and no ability to offset losses from one crypto asset against gains from another.The new Act renumbers the governing sections and explicitly adds "crypto-asset" to the VDA definition, but the substance of the obligations has not changed. If you have been filing correctly under the old Act, the transition requires no dramatic adjustment. What has changed is the penalty framework, and that deserves your attention.The Right Form, Filled CorrectlyFor FY 2025-26, investors file under ITR-2 if reporting crypto as capital gains or ITR-3 if crypto trading constitutes business income. Both forms contain a dedicated Schedule VDA section where all crypto transactions must be reported.This is the step where most errors happen.Schedule VDA requires transaction-by-transaction entry, not just a summary of your net gains. Every trade, every swap, every disposal needs to be listed individually. Investors who have traded across multiple platforms, used DeFi protocols, or moved assets between wallets will find this the most demanding part of the process. The data needs to be accurate, complete, and consistent with what your exchange has already reported.Failing to report even a single crypto-to-crypto swap can trigger penalties for non-disclosure. A swap between two tokens is a taxable event in India, and many investors still treat it as a portfolio reshuffling rather than a reportable transaction. It is not.Why Accuracy Matters More Than Ever This YearBudget 2026 introduced a significant structural change: crypto exchanges, custodians, and wallet providers are now required to furnish user-level transaction statements directly to the Income Tax Department. This data is then cross-referenced against your ITR automatically. If your declared income in Schedule VDA does not match what your exchange has reported, the system flags it.The Income Tax Department has already issued over 44,000 notices and detected more than Rs 888 crore in undisclosed VDA income. The department is actively using Annual Information Statements, exchange TDS filings, and blockchain analytics. The gap between what investors report and what the system can see is closing fast.For investors who have used foreign exchanges, the picture becomes more complex from next year. India's CBDT has confirmed alignment with the OECD's Crypto-Asset Reporting Framework, with domestic enforcement targeted for April 1, 2027. This means international crypto holdings will be automatically visible to Indian tax authorities through cross-border data sharing. If you hold assets on overseas platforms, this year is the time to get your records in order.The Most Common Mistakes And How to Avoid ThemAfter years of working in compliance, the errors we come across are often not intentional. They are the result of disorganised record-keeping and a poor understanding of what counts as a taxable event.The first mistake is using the wrong ITR form. Filing under ITR-1 when you have crypto income results in a defective return that the department will reject.The second is incomplete Schedule VDA reporting. Staking rewards, airdrops, and DeFi income must be reported separately under income from other sources, not lumped together with trading gains. Each category is taxed differently and must be disclosed on its own.The third is TDS reconciliation. Every VDA transfer above the threshold leaves a 1% TDS footprint in your Form 26AS. Investors who do not verify this against their own transaction records risk either missing a refund they are entitled to or creating a mismatch that triggers scrutiny.The fix for all three is the same: good records maintained throughout the year, not reconstructed in a hurry at filing time.Compliance Is Not the Enemy of ParticipationCompliance is often described as a burden that slows down innovation. However, a market where investors file accurately, platforms report transparently, and regulators have visibility is one that earns the trust it needs to grow.India has one of the most active crypto investor bases in the world. Protecting that participation means filing correctly, staying current with regulatory changes, and treating tax obligations with the same seriousness as investment decisions.The rules are clear. The tools to comply exist. The only variable is whether investors choose to use them before the deadline or explain themselves after it.(The author Rakhesh Raghunath is Head of Compliance, Mudrex)(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)]]> </description><link>https://economictimes.indiatimes.com/markets/cryptocurrency/crypto-news/what-crypto-investors-need-to-know-for-tax-season-2026/articleshow/131699289.cms</link><guid>https://economictimes.indiatimes.com/markets/cryptocurrency/crypto-news/what-crypto-investors-need-to-know-for-tax-season-2026/articleshow/131699289.cms</guid><pubDate>Sat, 13 Jun 2026 12:28:51 +0530</pubDate></item><item><title><![CDATA[Apple faces Indian engineer’s bias lawsuit]]> </title><description><![CDATA[Apple Inc. lost an early round in a discrimination lawsuit brought in the U.S. by a female engineer from India who says her two managers -- one from her country, the other from Pakistan -- treated her as they would in their own countries: as a subservient.The woman’s case in California state court is the latest to allege workplace bias in Silicon Valley that focuses on cultural prejudices of some tech workers from South Asia. Cisco Systems Inc. is fighting a suit brought by California’s civil rights agency alleging bias against a member of India’s so-called lower castes, known as Dalits.Anita Nariani Schulze is part of the Sindhi minority -- she is Hindu, with ancestry in the Sindh region of what is now Pakistan. Her complaint alleges that her senior and direct managers, both male, consistently excluded her from meetings while inviting her male counterparts, criticized her, micromanaged her work, and deprived her of bonuses, despite positive performance evaluations and significant team contributions.Schulze claims the managers’ animus reflects sexism, racism, religious bias and discrimination on the basis of national origin. The Sindhi Hindu nationality is “known for its technical acumen” and its gender equality, she says, which “exacerbated the managers’ discriminatory treatment.”In a tentative ruling on Wednesday, Santa Clara County Superior Court Judge Sunil R. Kulkarni rejected Apple’s request to toss out the suit. While not ruling on the merits of the case, Kulkarni said Schulze had adequately supported her legal claims. Apple had argued her claims weren’t specific enough and were based on stereotypes.But the judge rejected Schulze’s request to represent a class of female Apple employees who suffered job discrimination over the last four years. He agreed with Apple that she didn’t show a pattern of discrimination that could be applied to a broader group.It wasn’t clear from the court’s docket whether the judge will hold a hearing Thursday before issuing a final ruling.Apple didn’t immediately reply to a request for comment.In the Cisco case, the California Department of Fair Employment and Housing alleged that two Indian employees at the San Jose-based company discriminated against a Dalit co-worker on the basis of caste.Cisco has denied the claims, insisting it has “zero tolerance for discrimination.” It also said the lawsuit should be tossed out because caste isn’t a protected category under U.S. civil rights law.]]> </description><link>https://economictimes.indiatimes.com/tech/technology/apple-faces-indian-engineers-bias-lawsuit/articleshow/81694292.cms</link><guid>https://economictimes.indiatimes.com/tech/technology/apple-faces-indian-engineers-bias-lawsuit/articleshow/81694292.cms</guid><pubDate>Thu, 25 Mar 2021 23:14:01 +0530</pubDate></item><item><title><![CDATA[Ravi Shankar Prasad questions Arnab Goswami's arrest]]> </title><description><![CDATA[NEW DELHI: Law Minister and senior BJP leader Ravi Shankar Prasad on Wednesday described the arrest of Republic TV Editor-in-Chief Arnab Goswami as "seriously reprehensible, unwarranted and worrisome."He also questioned the silence of the Congress leadership when its government in Maharashtra was "blatantly suppressing freedom of press."Police on Wednesday arrested Goswami in Mumbai for allegedly abetting suicide of a 53-year-old interior designer, a police official said."The arrest of senior journalist Arnab Goswami is seriously reprehensible, unwarranted and worrisome. We had fought for freedoms of Press as well while opposing the draconian Emergency of 1975," Prasad said in a series of tweets.The arrest of senior journalist #ArnabGoswami is seriously reprehensible, unwarranted and worrisome. We had fought… https://t.co/d5fY66b1w5&amp;mdash; Ravi Shankar Prasad (@rsprasad) 1604465175000He said while Congress leaders Sonia and Rahul Gandhi have attacked the Modi government "through motivated charges of attack on institutions" yet they are completely silent when their own government in Maharashtra is "blatantly suppressing freedom of Press."He claimed it to be a "textbook case of hypocrisy."Sonia Gandhi and Rahul Gandhi have openly attacked @narendramodi Govt through motivated charges of attack on instit… https://t.co/TZHS3W6pFJ&amp;mdash; Ravi Shankar Prasad (@rsprasad) 1604464512000"One can differ, one can debate and one can ask questions too. However arresting a journalist of the stature of Arnab Goswami by abuse of police power, because he was asking questions, is something which we all need to condemn," the Union minister said.One can differ, one can debate and one can ask questions too. However arresting a journalist of the stature of… https://t.co/uc4hEu3uA4&amp;mdash; Ravi Shankar Prasad (@rsprasad) 1604463867000The ruling alliance in Maharashtra comprises the Shiv Sena, the Congress and the Nationalist Congress Party.]]> </description><link>https://economictimes.indiatimes.com/news/politics-and-nation/ravi-shankar-prasad-questions-arnab-goswamis-arrest/articleshow/79035225.cms</link><guid>https://economictimes.indiatimes.com/news/politics-and-nation/ravi-shankar-prasad-questions-arnab-goswamis-arrest/articleshow/79035225.cms</guid><pubDate>Wed, 04 Nov 2020 11:10:34 +0530</pubDate></item><item><title><![CDATA[Delhi govt to recruit 15,000 more home guard personnel: LG]]> </title><description><![CDATA[New Delhi: The Delhi government will recruit 15,000 home guards, taking their total number to 25,000, an official statement said on Wednesday.  Delhi LG VK Saxena on Tuesday distributed letters of enrolment to 1669 home guards out of 10,000, for which the recruitment process was started in January, said the statement from the Raj Niwas.  Addressing the newly recruited home guards at an event, the LG said that in the near future additional 15,000 home guards will be added, taking their total strength to over 25,000 it said.  The newly recruited home guards included 226 former civil defence volunteers (CDVs) who were working as bus marshals when they were removed in November last year. The new recruits also included 181 women, the statement said.  The LG in January this year cleared enrolment of 10,285 home guards and directed that the CDVs be given preference in the form of extra credit points in the selection process. However, some candidates approached the court, and as a result, the appointment on 7,939 posts of home guards was kept pending as the matter became sub-judice. The LG, had however, directed appointment of 2,346 home guards who qualified physical measurement and efficiency, and written tests. Out of 2,346 posts, 1669 cleared the medical test and were handed over their appointment letters. In response to the advertisement for 10,285 vacancies, total 1.09 lakh applications were received but only 32,511 reported for the physical test. Meanwhile, the some applicants moved the high court over various issues and a status quo was ordered by the court. The LG has also directed the director general (home guards) to ensure that the remaining 7,939 vacancies are also filled up at the earliest after taking cognizance of the court matters, added the statement.]]> </description><link>https://economictimes.indiatimes.com/jobs/government-jobs/delhi-govt-to-recruit-15000-more-home-guard-personnel-lg/articleshow/115980286.cms</link><guid>https://economictimes.indiatimes.com/jobs/government-jobs/delhi-govt-to-recruit-15000-more-home-guard-personnel-lg/articleshow/115980286.cms</guid><pubDate>Wed, 04 Dec 2024 22:15:01 +0530</pubDate></item></channel></rss>