The Congress on Tuesday stripped Rajasthan deputy chief minister Sachin Pilot and two supporters of their ministerships and sacked Pilot as state Congress chief when he and his supporters disobeyed a party whip asking them to attend the Congress Legislature Party meeting — but, not before Pilot inflicted significant damage to the government led by Ashok Gehlot.

The Congress now has just 100 MLAs, the half-way mark in the 200-member Assembly. Gehlot betrayed his anxiety on Monday by sequestering his MLAs at a resort in Jaipur, and while the government is safe for now, there is no telling when defections might take place.

Gold rices on Wednesday dropped to Rs 49,117 fom Rs 49,247 per 10 gram while silver prices fell Rs 438 to settle at Rs 51,355 per kg, according to Indian Bullion and Jewellers Association.

Gold jewellery prices vary across India, the second-largest consumer of the metal, due to excise duty, state taxes, and making charges.

Google is in advanced talks to buy a $4 billion stake in Mukesh Ambani’s technology venture, people familiar with the matter said, seeking to join rival Facebook in the chase for growth in a promising internet market.

The Mountain View, California-based titan has been discussing the investment in Reliance Industries’ digital arm, Jio Platforms, the people said, asking not to be identified because the information is private. An announcement could come as soon as the next few weeks, according to the people.

Oil prices rose on Wednesday after a sharp drop in U.S. crude inventories, with the market waiting for more direction from a meeting later in the day on the future level of production by OPEC and its allies.

Brent crude futures were up 10 cents, or 0.2%, at $43 a barrel as of 0049 GMT, and U.S. West Texas Intermediate (WTI) crudefutures rose 14 cents, or 0.4%, to $40.43 a barrel.

Amid the ongoing debate over goods and services tax (GST) rate on hand sanitizers, the Goa bench of the GST Authority of Advance Ruling (AAR) has held that the alcohol-based hygiene product will attract 18 per cent GST. It added that its classification as an essential commodity cannot be a criteria for exemption from GST.

Springfields (India) Distilleries had moved Goa AAR over classification of the hand sanitizer and the applicable rate of GST.

Mukesh Ambani surged past Silicon Valley tech titan Elon Musk as well as Alphabet co-founders Sergey Brin and Larry Page to become the world’s sixth-richest person.

The chairman of Reliance Industries, whose wealth surpassed Warren Buffett’s last week, is now worth $72.4 billion, according to the Bloomberg Billionaires Index. Shares of the conglomerate have more than doubled from a low in March as its digital unit got billions in investments from companies including Facebook, Silver Lake and, most recently, Qualcomm.

Prime Minister Narendra Modi will deliver a keynote address virtually at the Valedictory of High-Level Segment of the UN ECOSOC on July 17 in New York, on the eve of the 75th anniversary of the United Nations. This comes as an important bit of development as it will be Prime Minister Modi's first speech at the UN after India's Security Council win, said TS Tirumurti, the Permanent Representative of India to the UN.

Two indigenous Indian candidate vaccines have got clearance to start early phase human trials this month with both having approximately 1,000 human volunteers each, the Indian Council of Medical Research (ICMR) said on Tuesday.

Speaking a media briefing of the Ministry of Health and Family Welfare on COVID-19 situation in the country, Balram Bhargava, DG, ICMR said 60% of the vaccines supplied in the world are of Indian origin.

The Trump administration on Tuesday went back on his immigration policy and abandoned plans to deport international college students who did not attend certain classes in person amidst the pandemic.

It is to be noted that the United States announced last week that it will not allow foreign students, whose classes have moved online in the fall semester for the coronavirus disease (COVID-19) pandemic outbreak, to remain in the country and might initiate removal proceedings in case the instructions are not adhered to.

The European Union has been briefed by both New Delhi and Beijing on the recent India-China border clashes, with Brussels welcoming the recent de-escalatory steps between the two countries.

An EU official, ahead of the India-EU summit said, We have certainly received detailed information on how the two government see clashes at the border. But what is most important is they are talking to each other--at diplomatic, military and even the political level.

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