IPO-bound Ola Electric has suspended its electric car launch plans as the Softbank-backed company wants to focus on its e-scooter business, two people with direct knowledge of the decision said.

Ola's founder Bhavish Aggarwal laid out plans in 2022 to launch an electric sports car with an all-glass roof in two years that could reach 100 km per hour within four seconds.

India may have a dengue vaccine by 2026, said a top executive of vaccine manufacturer Indian Immunologicals (IIL), as several players have joined the race to develop the country’s first vaccine against the mosquito-borne disease that claimed 485 lives last year.

Dengue has become a major public health concern in India with 289,235 cases reported last year. According to data from the National Center for Vector Borne Diseases Control, there were 19,447 cases of dengue which resulted in 19 deaths till April 2024. Close to 3 lakh people get dengue a year, and cases have been rising.

Russia’s war in Ukraine seems to cost the superpower multifold. The war which has now dragged on for over two years has witnessed multiple casualties on both sides. Now in a move to bolster their troop numbers, the Moscow authorities are offering a record signing-on bonus for new recruits to fight in Ukraine, according to a report by CNN.

Moscow Mayor Sergey Sobyanin announced a one-time signing bonus of 1.9 million rubles (approximately $22,000) for city residents who enlist in the military, the report said citing an official statement released on Tuesday (July 23).

Describing the maiden budget of Modi 3.0 as a very well defined and responsible budget, the head of a India-centric American business and strategic advocacy group on Tuesday said that it would help in attracting more foreign direct investment and propel India's growth story.

"I think (it is) a very well-defined budget, a very well-responsible budget. We compliment the prime minister and the finance minister for delivering their budget," Mukesh Aghi, president and CEO of US India Strategic and Partnership Forum (Usispf) told PTI in an interview.

Two local law enforcement officers stationed in the complex of buildings where a gunman opened fire at former President Donald Trump left to go search for the man before the shooting, the head of Pennsylvania State Police said Tuesday, raising questions about whether a key post was left unattended as the shooter climbed onto a roof.

Pennsylvania State Police Col. Christopher Paris told a congressional committee that two Butler County Emergency Services Unit officers were stationed at a second-floor window in the complex of buildings that form AGR International Inc.

Jailed former Prime Minister Imran Khan on Tuesday refused to undergo polygraph and voice matching test as a part of investigation launched by Lahore police in connection with last year's unprecedented violence in the country.

A 12-member forensic team reached Adiala Jail on Tuesday to conduct the polygraph test on 71-year-old Khan

A panel of Democratic stalwarts will meet Wednesday to complete a rule change to allow Vice President Kamala Harris to accept her party’s nomination for president weeks in advance of the party’s convention in Chicago.

The virtual roll call would take place the first week of August and formalise the result of a remarkable 32-hour blitz in which Harris won the support of a majority of delegates without a single challenger emerging.

The Union Budget 2024-25 presented by Finance Minister Nirmala Sitharaman has extended ‘special help’ to Bihar and Andhra Pradesh, addressing the aspirations of key National Democratic Alliance (NDA) allies — the Telugu Desam Party (TDP) and the Janata Dal United (JDU).

Marking a robust display of ‘coalition politics’, the first Budget of the Narendra Modi 3.0 government has gone above and beyond for Bihar and Andhra Pradesh.

The Indian government will enable pooled private equity fund structures as variable capital companies (VCCs)—a structure more popular in the financial markets of Singapore and Mauritius—in a bid to attract more capital from overseas investors.

“We will seek the required legislative approval for providing an efficient and flexible mode for financing the leasing of aircraft and ships, and pooled funds of private equity through a ‘variable company structure’,” finance minister Nirmala Sitharaman said in Parliament.

Finance Minister Nirmala Sitharaman on Tuesday presented the Union Budget 2024 in the Lok Sabha. FM Sitharaman said three employment-linked incentive schemes will be launched, based on registration with the Employees’ Provident Fund Organisation (EPFO).

Krishnendu Chatterjee, vice-president and business head at TeamLease Services, says the Centre’s commitment to employment is clear with the launch of these schemes.

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