Government has opened highway project bids to venture capital, private equity, infrastructure, and pension funds, a significant policy change. This move aims to attract substantial private investment by allowing these financially robust entities to partner with experienced construction firms.
Reliance Jio and the National Stock Exchange are set to file draft IPO papers this week, potentially raising $6 billion combined. Jio's $4 billion offering could be India's largest listing, while NSE's filing aims to boost market sentiment after years of delays.
Saudi Arabia and Portugal signed a mutual visa exemption agreement for diplomatic and special passport holders in Lisbon. The deal aims to strengthen bilateral relations and facilitate travel, signed by Foreign Ministers Prince Faisal bin Farhan and Paulo Rangel during an official visit.
A Hyderabad consumer court ordered summer camp organizers to refund fees with interest and pay compensation to three children due to unhygienic and unsafe conditions. The camp failed to provide promised AC accommodation, hygienic food, and medical facilities, leading to issues like contaminated water and denied communication.
G7 summit hot mic moments revealed candid interactions between leaders. Italian PM Meloni joked with India's PM Modi about being the 'most famous couple on Instagram.' French President Macron discussed 'difficult' talks with Trump with Ukraine's Zelenskyy. Meloni also shared her smoking cessation, while Carney and Trump discussed Chinese EVs.
India's Right to Fair Compensation and Transparency in Land Acquisition Act, 2013, governs land acquisition for development. It mandates Social Impact Assessments, fair compensation based on market value and solatium, and detailed rehabilitation and resettlement plans for affected families, including special safeguards for tribal communities.
Samajwadi Party chief Akhilesh Yadav dismissed claims of a major split within his party, attributing the rumors to the BJP's alleged history of engineering defections. He stated the SP is prepared for such challenges and remains a strong organization.
