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Google Play billing system comes under RBI scanner over alleged violations

Google Play billing system comes under RBI scanner over alleged violations

The Reserve Bank of India (RBI) has launched an investigation into Google Play’s billing system over alleged violations of the Payments and Settlements Systems Act, said people aware of the development, requesting anonymity. The probe follows a complaint lodged by Kolkata-based Hoichoi Technologies.

The complaint pertains to the operation of several of Google’s aggregator platforms in India, which are registered in foreign countries, including Singapore and the US.

BJP plans counter-protest, demands Kejriwal's resignation as chief minister

BJP plans counter-protest, demands Kejriwal's resignation as chief minister

The Bharatiya Janata Party (BJP) has organised a counter-protest demanding the resignation of Arvind Kejriwal. Led by Delhi Chief Virendra Sachdeva, the march will proceed from the Feroz Shah Kotla Stadium to the Delhi Secretariat on Tuesday, a day after Holi celebrations.

The BJP has consistently called for Kejriwal's resignation following his arrest. Conversely, the Aam Aadmi Party (AAP) has asserted that Kejriwal will continue to serve as Delhi's Chief Minister, even if he operates from within the jail. This has made Kejriwal the first-ever serving chief minister to be arrested.

Adani Ports set to buy 95% of Odisha's Gopalpur Port for $162 million

Adani Ports set to buy 95% of Odisha's Gopalpur Port for $162 million

India's largest private port operator Adani Ports and Special Economic Zone said on Tuesday it will buy a 95 per cent stake in Odisha's Gopalpur Port for an equity value of Rs 1,349 crore ($161.74 million) to bolster its east coast presence.

Adani Ports will purchase a 56 per cent stake in Gopalpur Port from real-estate conglomerate Shapoorji Pallonji Group (SP Group) and a 39 per cent stake from Orissa Stevedores.

Dalmia's deal to buy Jaypee Cement assets lingers with arbitration

Dalmia's deal to buy Jaypee Cement assets lingers with arbitration

The acquisition of cement assets from Jaiprakash Associates (Jaypee group) by Dalmia Cement remains in limbo, nearly 15 months after the deal was announced.

The closure of the Dalmia-Jaypee deal is being held up by ongoing discussions between lenders to the Jaypee group and the National Asset Reconstruction Company Limited (NARCL), as well as a separate arbitration between Jaiprakash Associates and UltraTech Cement.

Cash-for-query case: CBI conducts searches at former TMC MP Mahua Moitra's premises

Cash-for-query case: CBI conducts searches at former TMC MP Mahua Moitra's premises

The CBI on Saturday conducted searches on the premises of former TMC MP Mahua Moitra in multiple locations, including Kolkata, in connection with the alleged cash-for-query case, officials said. Teams of the central probe agency reached Moitra's residence in Kolkata and other cities early on Saturday, informed about the search proceedings and started the operation, they said.

AAP alleges 'money trail tracked to BJP account', challenges PM Modi, ED to arrest BJP chief

AAP alleges 'money trail tracked to BJP account', challenges PM Modi, ED to arrest BJP chief

A day after a Delhi court sent Chief Minister Arvind Kejriwal to the custody of the Directorate of Enforcement, senior AAP leader and minister Atishi alleged that the money trail was found in the BJP’s account and challenged Prime Minister Narendra Modi and ED to ‘arrest’ BJP national president JP Nadda.

Addressing a press conference here, Atishi asserted that, till date, no money trail has been found connected to any AAP leader.

JSW Energy arm signs pact with Rel Power to buy wind project for Rs 132 cr

JSW Energy arm signs pact with Rel Power to buy wind project for Rs 132 cr

JSW Energy's arm JSW Renewable Energy has signed an agreement with Reliance Power to acquire its 45 MW wind power project in Vashpet, Maharashtra, for Rs 132 crore.

JSW Renewable Energy (Coated) Limited is a wholly-owned subsidiary of JSW Neo Energy Limited and a step-down subsidiary of JSW Energy Limited, which is engaged in the business of renewable power generation, Reliance Power said in a regulatory filing.

RBI conducts 3 VRR auctions in a day as overnight rates go past MSF rate

RBI conducts 3 VRR auctions in a day as overnight rates go past MSF rate

The Reserve Bank of India (RBI) conducted three variable rate repo (VRR) auctions on Friday to ease the liquidity tightness in the banking system.

The liquidity deficit in the system widened to Rs 1.38 trillion on Thursday, latest data by the central bank showed.

Consequently, weighted average money market rates rose above the marginal standing facility (MSF) rate.

Newly listed automation stk at 10% upper circuit; up 110% over issue price

Newly listed automation stk at 10% upper circuit; up 110% over issue price

Shares of Jyoti CNC Automation were locked in the 10 per cent upper circuit on BSE at Rs 693.70 in Friday's trade on a healthy business outlook.

The stock of the industrial products company was trading at its highest level since its market debut on January 16, 2024. With today’s rally, the market price of Jyoti CNC Automation has more-than-doubled or zoomed 110 per cent from its issue price of Rs 331 per share.

Russia says 40 dead, 145 injured in attack; Isis claims responsibility

Russia says 40 dead, 145 injured in attack; Isis claims responsibility

Several assailants burst into a large concert hall in Moscow on Friday and sprayed the crowd with gunfire, killing at least 40 people, injuring more than 100 and setting fire to the venue in a brazen attack just days after President Vladimir Putin cemented his grip on power in a highly orchestrated electoral landslide.

The Islamic State group claimed responsibility for the attack in a statement posted on affiliated channels on social media, which couldn't be independently verified.

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