Government Maintains Tax Target

Norges Bank excludes Adani Ports from government pension fund

Norway's central bank's executive board has decided to exclude three companies from its government pension fund due to ethical concerns. Norges Bank, which manages the sovereign wealth fund, announced that India's Adani Ports and Special Economic Zone, U.S. defence contractor L3Harris Technologies, and China's Weichai Power will be excluded from its investment portfolio.

Adani Ports has been excluded because of an "unacceptable risk that the company contributes to serious violations of individuals' rights in situations of war or conflict." This company, part of billionaire Gautam Adani'..

Aerospace Firms Seek Government Support

India's aviation sector is booming, with significant aircraft orders signalling a period of substantial growth. However, the industry faces challenges that necessitate government intervention for sustained progress. Recently, major aerospace firms have appealed to the Indian government for support to bolster domestic manufacturing capabilities and enhance competitiveness on a global scale.

The increase in aircraft orders highlights India's expanding aviation market. With the country poised to become the third-largest aviation market globally by 2025, the demand for new planes is escala..

WardWizard Electric Sales Surge

Electric two-wheeler sales in India have witnessed a significant surge, doubling in the month of April. According to reports, WardWizard Innovations, a leading player in the electric vehicle market, has reported a remarkable uptick in sales, with figures reaching 1,071 units. This surge in sales reflects a growing trend towards eco-friendly transportation solutions and increasing consumer interest in electric vehicles.

WardWizard Innovations has been at the forefront of the electric vehicle revolution in India, offering a diverse range of electric two-wheelers that cater to various..

PNB Official Accused of Embezzling Rs 5 Crore from Bhopal Firm

The Central Bureau of Investigation (CBI) has charged a Punjab National Bank (PNB) official with embezzling approximately Rs 4.98 crore from a Bhopal-based infrastructure construction company. The head cashier, Mukul Singh, allegedly conspired with a private individual, Vinod Kumar Singh, to commit the fraud.

The incident occurred at PNB?s Delhi Road Branch in Hapur, Uttar Pradesh. According to CBI officials, Mukul Singh, without proper authorization, merged the account of Dilip Buildcon Ltd with that of Vinod Kumar Singh?s company, Star Raze. Subsequently, funds amounting to Rs 4.98 cr..

KMRL's Rs.1.16 Bn Project Delayed Due to Lack of Government Support

The Kochi Metro Rail Limited (KMRL) is experiencing setbacks in its ?1.16 billion project as several government departments have reportedly failed to provide necessary support. The project, aimed at enhancing urban transportation infrastructure in Kochi, has encountered delays due to bureaucratic hurdles and insufficient cooperation from concerned government bodies.

According to sources familiar with the matter, the project's progress has been significantly hampered as key departments have not fulfilled their commitments, including providing essential clearances and approvals. This lack..