Home FEATURED NEWS India Growth Forecast News LIVE Updates: ADB downgrades India’s development forecast for FY24 to six.3%, from 6.4% earlier

India Growth Forecast News LIVE Updates: ADB downgrades India’s development forecast for FY24 to six.3%, from 6.4% earlier

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07:06:11 PM IST, 20 September 2023

Singapore India Maritime Bilateral Exercise

INS Ranvijay, INS Kavaratti, INS Sindhukesari and a P8I arrived in Singapore as we speak to take part within the thirtieth version of the Singapore India Maritime Bilateral Exercise SIMBEX 23.

06:56:55 PM IST, 20 September 2023

NIA intensifies crackdown on Khalistani terrorists in India

06:56:02 PM IST, 20 September 2023

Liberty General Insurance appoints Parag Ved as New CEO

Liberty General Insurance, distinguished basic insurance coverage firm in India, has appointed Parag Ved as its Director & CEO Designate, efficient September 20, 2023. Ved was beforehand the President of Consumer Lines at Tata AIG General Insurance.

06:51:42 PM IST, 20 September 2023

India’s development forecast

  • The Asian Development Bank has made a slight downward adjustment to its financial development projection for growing Asia, now estimating it to be 4.7% this yr, a modest efficiency contemplating the rising dangers.
  • This is a slight lower from the 4.8% development predicted in April, as indicated within the September replace of the Asian Development Outlook.
  • China’s development is anticipated to be round 4.9% this yr, down from the earlier estimate of 5%.
  • Although a drop in exports resulted from weaker world demand, financial exercise is being buoyed by a rebound in tourism and powerful home demand.
  • The ADB highlighted three key dangers to the outlook, together with the influence of China’s property market weak spot, intermittent provide disruptions as a consequence of Russia’s invasion of Ukraine, and export restrictions because of the threat of droughts and floods linked to El Nino.
  • The ADB’s Chief Economist, Albert Park, talked about that growing Asia remains to be experiencing sturdy development, with reducing inflation pressures.
  • Some central banks within the area have begun decreasing rates of interest, which ought to contribute to greater development.
  • The financial institution additionally barely revised its development forecast for India from 6.4% to six.3%, citing robust public funding as a driving pressure behind India’s development, together with robust home demand in different regional economies.
  • In phrases of inflation, the ADB predicts that it’ll decline to three.6% in growing Asia and the Pacific this yr, down from the earlier projection of 4.2%, with a forecast of three.5% for the next yr.

06:44:12 PM IST, 20 September 2023

India’s development forecast

India’s development forecast for FY24 was revised downward to six.3% by ADB from 6.4% projected earlier, and inflation was up 5.5% from 5% earlier.

06:28:03 PM IST, 20 September 2023

Those accountable have to be held accountable: US envoy Garcetti on India-Canada diplomatic row

  • US Ambassador’s Stance: Eric Garcetti, the US Ambassador to India, emphasised the significance of bringing perpetrators to justice and conducting investigations earlier than making judgements.
  • US-Canada Relations: He acknowledged the deep friendship with each Canada and India and acknowledged that such incidents mustn’t outline the relationships however can decelerate progress.
  • Space for Investigation: Garcetti confused the necessity to permit house for investigations, particularly in gentle of an ongoing legal investigation. Sovereignty and worldwide legislation had been highlighted as essential ideas.
  • US-Canada Communication: While being in shut communication with Canada, the US envoy clarified that he won’t have entry to all of the proof that has been mentioned.
  • Background on Tensions: The diplomatic tensions between India and Canada stemmed from Justin Trudeau’s allegations of Indian authorities involvement within the killing of Hardeep Singh Nijjar, a chosen terrorist in India.
  • US National Security Council Statement: The US National Security Council expressed concern over the intense allegations made by Justin Trudeau and urged for a clear dealing with of the matter. They additionally known as for India’s cooperation within the investigation.
  • Travel Advisory for Indian Nationals: In gentle of rising anti-India actions and hate crimes in Canada, Indian nationals and college students there have been suggested to train warning and vigilance.
05:54:01 PM IST, 20 September 2023

The Indian and United States Armies will host the thirteenth biannual Indo-Pacific Armies Chiefs Conference (IPACC), the forty seventh annual Indo-Pacific Army Management Seminar (IPAMS), the ninth Senior Enlisted Forum on the Manekshaw Center in New Delhi, India, September 25-27, 2023. The goal of those conferences is to advertise peace and stability within the Indo-Pacific area by mutual understanding, dialogue, and friendship. It will give senior land commanders a discussion board to alternate views and concepts and to develop and strengthen their relationships

– US Embassy

05:39:46 PM IST, 20 September 2023

Charles III lands in France for first go to as king

05:25:40 PM IST, 20 September 2023

US Ambassador to India on India-Canada diplomatic row

“Those who are responsible must be held accountable. We hope that traditional friends and partners will cooperate in getting to the bottom of it,” Ambassador Eric Garcetti stated.

05:09:02 PM IST, 20 September 2023

PM Modi WhatsApp Channel crosses 1 million followers a day after being launched

05:08:33 PM IST, 20 September 2023

Punjabi-Canadian rapper Shubhneet Singh’s India tour cancelled over alleged help for Khalistan

05:07:42 PM IST, 20 September 2023

Punjabi-Canadian rapper Shubhneet Singh’s India tour cancelled over alleged help for Khalistan

  • Punjabi-Canadian rapper Shubhneet Singh, often called Shubh, has had his ‘Still Rollin India tour’ cancelled as a consequence of allegations of his help for Khalistan.
  • BookMyShow, the ticket reserving platform, introduced the tour’s cancellation and initiated a full refund course of for ticket purchasers.
  • The refunds can be processed inside 7–10 working days.
  • BookMyShow confronted criticism on social media for internet hosting an artist accused of sympathising with Khalistan.
  • “Singer Shubhneet Singh’s Still Rolling Tour for India stands cancelled. To that end, BookMyShow has initiated a complete refund of the ticket amount for all consumers who had purchased tickets for the show. The refund will be reflected within 7–10 working days in the customer’s source account of the original transaction,” BookMyShow shared the replace on X (previously often called Twitter).
04:58:24 PM IST, 20 September 2023

We are seeing a tit for tat on each side. First, on the expulsion of a diplomat after which on this advisory. I feel it’s unlucky that Canada selected such a public route. If in any respect they’ve any subject, these issues needs to be mentioned privately with a pleasant govt like India and the matter needs to be mentioned behind closed doorways. Going public, making an announcement within the Parliament was very unlucky by the Prime Minister Justin Trudeau and having gone that far Canada have actually jeopardised the state of an excellent relationship.

– Congress MP Shashi Tharoor

04:55:32 PM IST, 20 September 2023

Delhi CM Arvind Kejriwal makes debut on WhatsApp channel; over 23k followers be a part of channel inside hours: Officials

04:54:40 PM IST, 20 September 2023

In 1975, we would have liked the Soviet Union’s assist to launch our first satellite tv for pc Aryabhatta, and as we speak we’ve got launched 431 international satellites for different international locations until July 2023

– Nirmala Sitharaman

04:46:33 PM IST, 20 September 2023

The first C-295 transport plane of the Indian Air Force landed at Air Force Station, Vadodara a couple of minutes in the past. The plane was flown by Group Captain PS Negi and landed as we speak after taking off from Bahrain

– IAF officers to ANI

04:29:51 PM IST, 20 September 2023

India plans over $2 billion in incentives for brand new manufacturing sectors: Officials (Reuters)

India is planning to supply incentives of as much as 180 billion rupees ($2.2 billion) to spur native manufacturing in six new sectors together with chemical compounds, transport containers and inputs for vaccines, two authorities officers stated.

The proposal is a part of the nation’s 1.97-trillion-rupee production-linked incentive scheme (PLI), launched in 2020 which presently targets 14 sectors starting from digital merchandise to drones, however has been profitable solely in a handful of them.

A fraction of the PLI incentives has been claimed up to now, prompting the federal government to allocate unused funds to new sectors.

Limited payouts underneath the scheme may result in “large” financial savings which can be redirected to new sectors, the 2 authorities officers with information of the plan stated.

They didn’t want to be named as particulars of the plan haven’t been made public. India’s federal commerce ministry that oversees the scheme’s implementation didn’t instantly reply to an emailed request for remark.

The six new sectors that would be a part of the PLI scheme additionally embody toys, bicycles, leather-based and footwear, the officers stated. These sectors will share the 180-billion-rupee allocation that’s being carved out from the scheme’s unique outlay, they added.

India sees the PLI scheme as essential to boosting the broader Indian financial system which has been starved of personal funding for practically a decade and is struggling to create satisfactory jobs, significantly in manufacturing.

Total incentives value practically 29 billion rupees had been paid out within the fiscal yr that resulted in March. Little has been paid to companies in sectors together with speciality metal merchandise, photo voltaic modules, and automobile elements, in keeping with a authorities report seen by Reuters.

In the fiscal yr that began in April, the disbursements may rise to almost 110 billion rupees and to 400 billion rupees by fiscal yr 2024/25, one of many two officers stated, citing an inside evaluation by the federal government.

“The disbursements should be better than this estimate after some tweaks to the scheme,” the official stated, including such tweaks would assist pace up payouts and a few sectors might get an extra yr or two underneath the scheme.

04:25:44 PM IST, 20 September 2023

British Prime Minister RishiUK PM Rishi Sunak will ship a speech at 1530 GMT on Wednesday, his workplace stated in an announcement

Prime Minister Rishi Sunak had earlier summoned his cupboard and can maintain a press convention in a while Wednesday, native media reported, because the British chief prepares to re-evaluate the nation’s web zero insurance policies.

The prime minister stated on Tuesday he deliberate a speech this week to announce an vital determination however didn’t set a selected date for the occasion. He stated his authorities remained utterly dedicated to its web zero commitments however wished to succeed in them “in a better, more proportionate way.”

Sunak’s workplace didn’t instantly touch upon stories the press convention may occur on Wednesday.

04:17:34 PM IST, 20 September 2023

SC to re-examine 1998 verdict granting immunity to MPs from prosecution for taking bribe to make speech, vote in Parliament

Supreme Court agrees to re-examine its 1998 judgment in PV Narasimha Rao case. Supreme Court refers to a bigger bench of seven judges to take care of the problem regarding whether or not a Parliamentarian or legislator can declare immunity from prosecution for accepting bribes for making a speech or vote in a specific method within the House

04:11:54 PM IST, 20 September 2023

Delhi News: Mosquito-breeding websites plateaued, govt to run dengue consciousness marketing campaign, says Delhi Health Minister

The Municipal Corporation of Delhi (MCD) has up to now issued notices to 1.29 lakh homes in 2023 on discovering mosquito larvae.
“Apart from this, 56000 challans have been issued. This figure is almost double that of last year. Because of this, the situation regarding vector-borne diseases is normal in Delhi,” the discharge acknowledged.

“5,000 staff of the Public Health Department of MCD are going door-to-door to check mosquito larvae. People are being made aware through pamphlets and tippers. Apart from this, strict action is also being taken by the MCD. Notices and challans are also being issued,” it additional learn.

According to MCD information, 2.85 crore locations are inspected for mosquito breeding detection. This yr, larvae have been discovered at 2.40 lakh locations throughout Delhi.

MCD has taken motion and given notices to 1.29 lakh homes. Apart from this, greater than 56,0000 challans have been issued.

Compared to the earlier years, motion in opposition to vector-borne ailments has doubled. Special preparations have been made by MCD for spiritual festivals. Awareness campaigns can be run in spiritual festivals and festivals, particularly at Ramlila websites, Janmashtami, Durga Puja, Chhath Puja and so on. Apart from this, common fogging can be completed.

MCD is destroying the larvae with the assistance of fish. Larvae-eating fish have been launched on a big scale into the reservoir. According to statistics, this time fish have been launched in additional than 200 reservoirs. Whereas fish had been launched in 117 reservoirs in 2022, 114 in 2021 and 81 in 2020.

04:09:52 PM IST, 20 September 2023

Zuari Agro Chemicals to contemplate subject of non-convertible debentures on non-public placement foundation

04:08:21 PM IST, 20 September 2023

Goldman Sachs now expects BoE to maintain financial institution charge unchanged on Thursday, lowers forecast for peak coverage charge to five.25% (beforehand 5.5%)

04:06:00 PM IST, 20 September 2023

European Commission grants Biocon advertising authorization within the European Union (EU) for Yesafili, a biosimilar of Aflibercept

04:05:17 PM IST, 20 September 2023

City court docket in Chennai denies bail to arrested TN minister Senthil Balaji

04:05:04 PM IST, 20 September 2023

26 staffers, together with 7 mohalla clinic docs, de-empanelled for manipulation of attendance system: Health Minister Saurabh Bharadwaj

04:04:08 PM IST, 20 September 2023

Byju’s appoints Arjun Mohan as CEO; incumbent Mrinal Mohit on manner out

04:01:25 PM IST, 20 September 2023

Apollo Tyres says Bias and OTR tyres manufacturing at its manufacturing facility in Limda, Gujarat has been stopped as a consequence of sure considerations amongst store ground staff referring to renewal of long-term settlement settlement

04:01:02 PM IST, 20 September 2023

Ola Electric plans regulatory submitting by end-October for as much as $700 million IPO, sources inform Reuters

03:58:41 PM IST, 20 September 2023

EU calls for ‘clarifications’ from Poland over visa scandal: fee

03:52:47 PM IST, 20 September 2023

Infosys and NVIDIA collaborate to assist enterprises enhance productiveness with generative AI

03:51:06 PM IST, 20 September 2023

Armenian PM Nikol Pashinyan says the nation didn’t assist draft Karabakh ceasefire

“Armenia did not participate in drafting the text of the ceasefire declaration in Nagorno-Karabakh under the mediation of Russian peacekeepers,” Pashinyan stated, reiterating that Yerevan “does not have an army” within the separatist-controlled enclave.

03:47:34 PM IST, 20 September 2023

National Investigation Agency (NIA) has arrested an absconding accused within the Trivandrum gold smuggling case through which 30 kgs of the contraband was seized in 2020. Ratheesh, a resident of Kannaur, Kerala, was taken into custody on arrival from Dubai, says the company.

03:34:44 PM IST, 20 September 2023

India Canada News LIVE: Indian World Forum points press assertion

03:31:04 PM IST, 20 September 2023

ICC Men’s Cricket World Cup: Adidas unveils new jersey for Team India

03:09:35 PM IST, 20 September 2023

German funding in China dropped to 10.31 bln eur in H1 [prior 12 bln eur] – iw institute

03:07:32 PM IST, 20 September 2023

Kalyani Forge says Viraj Gaurishankar Kalyani appointed CFO

02:56:44 PM IST, 20 September 2023

ICC Men’s T20 World Cup 2024: Three USA venues chosen for the event

The International Cricket Council (ICC) have confirmed three main USA cities: Dallas, Florida and New York, because the venues for the ICC Men’s T20 World Cup 2024.

The USA is about to host the T20 World Cup for the primary time, with Grand Prairie in Dallas, Broward County in Florida and Nassau County in New York chosen because the venues for the grand occasion.

USA and West Indies had been chosen as co-hosts for the worldwide event again in November 2021, when the ICC Board awarded them the internet hosting rights. The venues had been chosen following an intensive analysis of a number of choices.

02:38:29 PM IST, 20 September 2023

India Canada News LIVE: MEA points advisory for Indian Nationals and Indian Students in Canada

In view of rising anti-India actions and politically-condoned hate crimes and legal violence in Canada, all Indian nationals there and people considering journey are urged to train utmost warning, stated the Ministry.

Recently, threats have significantly focused Indian diplomats and sections of the Indian neighborhood who oppose the anti-India agenda.

Indian nationals are due to this fact suggested to keep away from travelling to areas and potential venues in Canada which have seen such incidents.

“Our High Commission/Consulates General will continue to be in contact with the Canadian authorities to ensure the safety and well being of the Indian community in Canada,” stated MEA.

Given the deteriorating safety atmosphere in Canada, Indian college students specifically are suggested to train excessive warning and stay vigilant.

Indian nationals and college students from India in Canada should additionally register with the High Commission of India in Ottawa or Consulates General of India in Toronto and Vancouver by their respective web sites, or the MADAD portal madad.gov.in. Registration would allow the High Commission and the Consulates General to raised join with Indian residents in Canada within the occasion of any emergency or untoward incident.

02:34:01 PM IST, 20 September 2023

India Canada News LIVE: BookMyShow cancels Punjabi-Canadian singer Shubh’s present

BookMyShow on Wednesday cancelled Punjabi- Canadian singer Shubhneet Singh, popularly often called Shubh, India tour after the ticket reserving app confronted a boycott name on social media for internet hosting a singer who’s allegedly a Khalistani sympathiser.

“Singer Shubhneet Singh’s Still Rollin Tour for India stands cancelled. To that end, BookMyShow has initiated a complete refund of the ticket amount for all consumers who had purchased tickets for the show. The refund will be reflected within 7-10 working days in the customer’s source account of the original transaction,” it stated.

Earlier within the day, a #UninstallBookMyShow was trending on X with some calling Shubh, because the singer is popularly often called, a ‘Khalistani’ and supporter of separatist leaders.

Shubh is a Punjabi rapper who rose to fame because of the massive variety of streams on Instagram reels of his track ‘Still Rollin’. He launched his first breakout single ‘We Rollin’ in 2021 and as of 2023, it has reached greater than 201 million views on YouTube.

He just lately launched his debut album ‘Still Rollin’ and introduced his first-ever India tour starring in 10 completely different cities and a cruise this yr.

BookMyShow was the sponsor of the singer’sIndian tour.

02:25:00 PM IST, 20 September 2023

G R Infra’s subsidiary types an settlement value Rs 737.17 crore for freeway development venture from Ministry of Road Transport and Highways

02:13:48 PM IST, 20 September 2023

India Canada News LIVE: India Canada News LIVE: Pakistan’s former international minister Bhutto reacts on the dispute between the 2 nations

Pakistan’s former international minister Bilawal Bhutto Zardari has demanded the interim-setup in Islamabad to take a pro-Canada stand on the matter.

Talking to media in Lahore, Pakistan People Party (PPP) chief Bilawal seconded the claims by the Canadian PM, saying that “Islamabad has been stating this for years that India has been spreading unrest in other countries like Pakistan and now Canada as part of its state policy and backing.”

“It was about time for the international community to accept that India has become a rogue Hindutva terrorist state,” he stated.

“The allegations by the Canadian PM are serious and Pakistan foreign office should take notice of the episode and issue a clear statement.

“India had been uncovered earlier than the world. In the previous, Pakistan has additionally confronted such threats from India and have caught their diplomats and spies. This state-run terrorism is what India practices in Kashmir and in Pakistan. Now, the identical has been uncovered by Canada,” said Bilawal.

Bilawal questioned the international community for ignoring such events involving India for long.

Talking about the killing of Nijjar in Surrey, Bilawal said that it was clear violation of Canadian sovereignty and international laws.

02:06:51 PM IST, 20 September 2023

Escorts Kubota board approves proposal to set up NBFC unit

02:04:33 PM IST, 20 September 2023

SVEEP division of ECI will distribute 30,000 copies free and also be available for lakhs of children to view the comics digitally. The comic has 10 short stories on electoral aspects

02:02:24 PM IST, 20 September 2023

Uttarakhand CM Pushkar Singh Dhami on Uniform Civil Code

“We have made a committee to organize a draft for Uniform Civil Code. Soon, we are going to get a draft from this committee. We are shifting in direction of implementing UCC in Uttarakhand.”

BJP leader and Uttarakhand CM Pushkar Singh Dhami addresses a public meeting in Pipliya Dag, Rajasthan

02:00:36 PM IST, 20 September 2023

Adani Green board approves execution of a binding term sheet to be entered into between Adani Green Energy Twenty Three Limited and TotalEnergies pursuant to which, Total will make a further investment of $300 Mn to form a new 50:50 JV co

01:56:09 PM IST, 20 September 2023

India Canada News: Life of Khalistan Tiger Force (KTF) chief Hardeep Singh Nijjar

‘Ravi Sharma’ who sought asylum after alleging persecution by the Indian government was Khalistan Tiger Force (KTF) chief and a notorious wanted terrorist, Hardeep Singh Nijjar.

Canada’s immigration records laid bare the fact that the passport used by Nijjar was, in fact, counterfeit. Despite his compelling story, the Canadian government remained unconvinced, keeping his file open for a perplexing four-year duration. During this time, Nijjar went so far as to marry a Canadian citizen in an attempt to file fresh claims.

Nijjar, originally a plumber by profession, found some respite, and ultimately Canadian citizenship, in 2001, coinciding with his association with the Babbar Khalsa International (BKI). He leveraged his close ties with Jagtar Singh Tara, a former chief of KTF, to establish this connection. At the time, BKI was under the leadership of Sukhdev Singh Babbar.

TO READ: From entering Canada on fake papers to being the latest face of the Khalistani movement: The life of Hardeep Singh Nijjar

01:37:08 PM IST, 20 September 2023

155 women Agniveers are currently undergoing training at the Indian Air Force training centre in Belgaum. 17 women officers are in the fighter branch: IAF chief Air Chief Marshal VR Chaudhari

01:30:33 PM IST, 20 September 2023

Aviation News: Jyotiraditya M. Scindia to inaugurate new infrastructure at Tezu airport on September 24, 2023

Union Minister Jyotiraditya M. Scindia to inaugurate new infrastructure at Tezu airport on September 24, 2023

The newly developed infrastructure includes an extension of the runway, construction of a new apron, construction of a new terminal building and a fire station cum ATC Tower

The govt. has spent Rs. 170 Cr to develop the infrastructure

01:26:33 PM IST, 20 September 2023

ABB partners with SMS group to provide all the MV motors and MV drives for ArcelorMittal Nippon Steel’s new hot strip mill in India

01:12:05 PM IST, 20 September 2023

India Canada News LIVE: External affairs minister S Jaishankar briefs PM Modi over situation in Canada, say TV reports quoting sources

External affairs minister S Jaishankar briefs PM Modi over situation in Canada, say TV reports quoting sources

12:52:00 PM IST, 20 September 2023

Akasa Air has chosen to fly less, give up market share in short term to offer more reliable network (Akasa Air (ETNow citing agencies on internal memo of co)

12:13:15 PM IST, 20 September 2023

Actor Anil Kapoor moves Delhi HC over his name, voice, signature, image or any other attribute used without consent

The bench of Justice Prathiba M Singh heard the matter.Delhi High Court restrains various entities from using actor Anil Kapoor’s name, image, voice for commercial purposes without his consent. Court says, using his name, voice and image in an illegal manner, that too for commercial purposes cannot be permitted. Court also directs http://Godaddy.com LLC, Dynadot LLC and PDR Limited to immediately block and suspend domains like http://Anilkapoor.com and others

11:50:51 AM IST, 20 September 2023

Strongly refutes news that Arvind Vohra is said to join another bank. Calls report baseless and inaccurate. Vohra is currently the Country head, Retail Banking: HDFC Bank to ETNow

11:47:00 AM IST, 20 September 2023

Cauvery Water Sharing Dispute: Karnataka Deputy CM DK Shivakumar comments after the meet

On the Cauvery river water sharing issue, Karnataka Deputy CM DK Shivakumar says, “We are dealing with a really distressed state of affairs. We are solely capable of have one-third of the water…CWMA has ordered us to offer 5000 cusecs of water for 15 days, we do not even have water for consuming. We have mentioned (this) with the entire Parliament members, who assured us that they’re going to help our struggle. We are urgent it earlier than the Supreme Court to offer us justice…”

11:37:43 AM IST, 20 September 2023

SJVN signs MoU with PFC of around Rs 1.19 lakh crore for renewable projects and thermal generation project

11:36:31 AM IST, 20 September 2023

DATA: UK inflation rate unexpectedly falls to 6.7% in August, against forecast of 7%

British annual consumer price inflation (CPI) unexpectedly fell to 6.7% in August, official data showed on Wednesday, a day before the Bank of England is expected to raise rates again

11:35:41 AM IST, 20 September 2023

USFDA grants Caplin Steriles Limited grants final approval for injection to restore blood pressure in adult patients with acute hypotensive states

USFDA grants Caplin Steriles Limited has been granted final approval for its Abbreviated New Drug Application Norepinephrine Bitartrate Injection USP, 4 mg/4 mL (1 mg/mL) Single-Dose Vial, used for restoration of blood pressure in adult patients with acute hypotensive states

11:33:42 AM IST, 20 September 2023

Azerbaijan’s operation in Nagorno-Karabakh will end if Armenian separatists “lay down their arms”, President Ilham Aliyev says in a phone call with US Secretary of State Antony Blinken, according to a presidency statement

Azerbaijan said on Wednesday its military operation in Armenian-controlled Nagorno-Karabakh continued successfully after the U.S. called on it to halt hostilities and Moscow urged both sides to stop the bloodshed in the disputed region.

After months of rising tensions in the Armenian-controlled Nagorno-Karabakh in the South Caucasus, Azerbaijan this week sent troops backed by artillery strikes into the region in an attempt to bring the breakaway region to heel.

The military measures “proceed efficiently,” with weaponry and military equipment destroyed, Azerbaijan’s defence ministry said in a statement on the Telegram messaging platform.

The mountainous Karabakh is internationally recognised as Azerbaijani territory, but part of it is run by separatist Armenian authorities who say it is their ancestral homeland.

U.S. Secretary of State Antony Blinken held calls with both Azerbaijani President Ilham Aliyev and Armenia’s Prime Minister Nikol Pashinyan, urging Azerbaijan to “instantly stop army actions” and de-escalate the situation.

In a readout of the call, the U.S. Department of State said that Aliyev “expressed readiness” to stop hostilities and hold a meeting with representatives of Nagorno-Karabakh.

Blinken told Pashinyan in their call that Armenia has Washington’s full support.

Russian news agencies cited Azeri’s presidential administration as saying Aliyev told Blinken that Azerbaijan will stop its operation only after Armenian fighters lay down their weapons and surrender.

Antonio Guterres, Secretary-General of the United Nations, called “for a direct finish to the combating” after the European Union, France and Germany condemned Azerbaijan’s military action.

Armenia took control of large swathes of territory in a war that unfolded as the Soviet Union collapsed. Azerbaijan took most of it back in a six-week conflict in 2020, ended by a Russian-brokered truce.

It was not clear whether Azerbaijan’s actions would trigger a full-scale conflict dragging in Armenia, but the fighting in Karabakh could alter the geopolitical balance in the South Caucasus.

11:12:50 AM IST, 20 September 2023

Delhi HC asks Coverfox Insurance and Acko General Insurance to file response to the appeal by Policybazar

The Delhi High Court on Wednesday asked Coverfox Insurance Broking and Acko General Insurance to file their response to the appeal by Policybazar, an aggregator of insurance products, alleging trademark violations. The single judge had earlier this month rejected the Policybazaar plea seeking to restrain the use of key words identical to its trade marks on Google’s AdWords Program by other entities. The SJ had said no primafacie case was made out.

10:56:47 AM IST, 20 September 2023

TCS enters right into a strategic partnership with Norway’s nationwide fee and digital id techniques BankID BankAxept AS, to arrange and handle an operations command heart that can improve the resilience, safety and availability of the nation’s important monetary infrastructure

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