The Union Cabinet on Wednesday revised the per kilogramme subsidy under the nutrient-based regime, lowering it for nitrogen, phosphorus, potassium, and sulphur for the October-March period compared to the April-September period. The cost to the exchequer is estimated at Rs 22,303 crore. Between first half of FY-24 and October to March period, the per kilogram subsidy on nitrogen(N) has gone down by 38 per cent, phosphorus(P) by 49 per cent, potassium(K) by 84 per cent and sulphur (S) by 32.5 per cent (see chart).

MSD India (Merck) on Wednesday announced that the Drug Controller General of India (DCGI) has approved KEYTRUDA (pembrolizumab). This MSD's anti-PD-1 therapy has been given the green light for the treatment of triple-negative breast cancer (TNBC) and renal cell carcinoma (RCC) in adult patients. KEYTRUDA is now approved for 14 indications across eight tumour types in India.

Unlike traditional chemotherapy or radiation therapy, KEYTRUDA enhances the body's own immune system to combat cancer cells.

The judge in Donald Trump's civil fraud trial fined the former president USD 10,000 on Wednesday, saying Trump violated a limited gag order barring personal attacks on court staffers.

The fine came after Trump was called to the witness stand to explain his comment outside the courtroom about a person who's very partisan sitting alongside the judge in the case, Judge Arthur Engoron.

India’s largest information technology (IT) services company, Tata Consultancy Services (TCS), has received a notice from the Maharashtra government’s Ministry of Labour & Employment regarding the company's delay in onboarding lateral recruits. The complaint was filed by the Pune-based IT employees’ union, Nascent Information Technology Employees Senate (NITES), in July 2023.

While the exact number of lateral employees affected by this delay could not be confirmed, according to the NITES complaint filed in July, over 200 employees were impacted.

GMR Airports Limited (GAL) on Wednesday said it will increase its stake in GMR Hyderabad International Airport Limited (GHIAL) by acquiring an 11 per cent stake from Malaysia Airports Holding Berhad (MAHB) for approximately $100 million (about Rs 831 crore).

This will take GAL's stake in Hyderabad airport operator GHIAL to 74 per cent.

The Securities and Exchange Board of India (Sebi) on Wednesday barred financial influencer Mohammad Nasiruddin Ansari, operating with the handle 'Baap of Chart' and known as Md Nasir on social media, from accessing the securities market. Further, the market regulator has asked him to disgorge Rs 17.2 crore for indulging in unregistered investment advisory.

'Baap of Chart' has over 443,000 subscribers on YouTube and 83,000 followers on X (formerly Twitter) and has provided trading recommendations and courses.

The Securities and Exchange Board of India (Sebi) will run a pilot for the Asba-like facility for the secondary markets in December this year, Mint reported on Wednesday. Under the mechanism, money will be transferred only after the actual transfer of the security takes place. Till then, the funds will remain in the investor's bank account and earn interest.

In June, Sebi announced it would launch an Asba-like mechanism for secondary markets. Application Supported by Blocked Amount (Asba) facility is already available for the primary market, which ensures that money from an investor gets moved only when an allotment happens.

Breaking its silence on the ongoing Israel-Hamas war, Chinese Foreign Ministry spokesperson Mao Ning on Tuesday said Beijing hoped that the issue would be resolved in a "just and lasting manner" on the basis of the "two-state solution."

Addressing a press briefing in the Chinese capital, Beijing, on Tuesday, Mao said, "We sincerely hope that the Palestinian question will be resolved in a comprehensive, just and lasting manner on the basis of the two-state solution. On the escalation of the Palestinian-Israeli conflict, our position is highly consistent with that of the Arab states."

Amidst reports of an imminent ground invasion of Gaza by Israel, President Joe Biden has said that Israel can make its own decisions, as the US firmly backs its ally while urging caution.

The latest conflict was triggered by unprecedented attacks against Israel by Hamas militants on October 7, killing more than 1,400 people. Israel has launched a massive counter-offensive against the Islamic militant group that has ruled Gaza since 2007.

In his Vijayadashami address on Tuesday, Rashtriya Swayamsevak Sangh (RSS) chief Mohan Bhagwat said the Manipur violence was orchestrated and blamed “outside forces” for the situation in the northeastern state.

In the address delivered at the RSS headquarters at Nagpur’s Reshimbagh, his last before the 2024 Lok Sabha polls, Bhagwat cautioned RSS workers not to get provoked as political discourse could get increasingly intemperate in the run-up to the elections.

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