Breaking News on June 22 Live – India News

Latest News Today (June 22): Presenting FE Online’s ‘Breaking News Today’. Here, we keep you updated with all major developments in field of politics to sports and more. Stay with us as we bring you all big breaking news as and when they happen:

Sebi bans Eros International, promoters, MD and CEO from capital market in fund diversion case

Sebi on Thursday barred media and entertainment firm Eros International Media Ltd, its promoters, managing director Sunil Arjan Lulla and CEO Pradeep Kumar Dwivedi from the securities markets in a case pertaining to the possible diversion of funds. In addition, Lulla and Dwivedi have been prohibited from holding the position of a director or key managerial personnel in any listed company, including Eros International or its subsidiaries until further orders, according to an interim order. (READ MORE)

Micron to set up USD 2.75 bn semiconductor facility in Gujarat

Computer storage chip maker Micron will set up a semiconductor assembly and test plant in Gujarat entailing a total investment of USD 2.75 billion (around Rs 22,540 crore), the company said on Thursday. Micron will invest up to USD 825 million in setting up the plant in two phases. (READ MORE)

Russia warns US not to send NATO troops to Ukraine – RIA cites deputy foreign minister

Russian Deputy Foreign Minister Sergei Ryabkov on Thursday called on the United States not to make “mistakes with dangerous consequences” and send NATO troops to Ukraine, the RIA news agency reported. REUTERS

Bank of England hikes rates to 5% in surprise move to tackle stubborn inflation

The Bank of England raised interest rates by a bigger-than-expected half a percentage point on Thursday after it said there had been “significant” news suggesting British inflation would take longer to fall.The BoE’s Monetary Policy Committee (MPC) voted 7-2 to raise its main interest rate to 5% from 4.5%, its highest since 2008 and its largest rate increase since February, following stickier inflation and wage growth since its policymakers met last in May. (READ MORE)

“Our goal is to make this decade a techade”: PM Modi in Washington DC

Prime Minister Narendra Modi on Wednesday said his government’s goal is to make this decade a “techade”, adding that the central government has launched a ‘Start-Up India’ mission to encourage young entrepreneurs.Addressing the ‘Skilling for Future’ event at the National Science Foundation, PM Modi said, “We have established around 10,000 Atal Tinkering Labs in schools wherein children are being provided with all kinds of facilities for various types of innovations. To encourage young entrepreneurs, we have started the ‘Start Up India’ mission. Our goal is to make this decade a techade — tech decade.” Further, at the event, PM Modi said India and the US need a pipeline of talent, adding that while the US has top-class educational institutions and advanced technologies, India is home to the world’s biggest youth factory. ANI

F414 Engines MoU signed

GE Aerospace announced today that it has signed a Memorandum of Understanding (MOU) with Hindustan Aeronautics Limited to produce fighter jet engines for the Indian Air Force, a major milestone amidst Indian Prime Minister Narendra Modi’s official state visit to the United States and a key element in strengthening defence cooperation between the two countries: GE Aerospace

BMC action against UBT Shiv Sena

Brihanmumbai Municipal Corporation or BMC has demolished Uddhav Balasaheb Thackeray Shiv Sena faction’s office located in Mumbai’s Bandra East. According to BMC officials, only the illegal portion of the office has been brought down.

What’s latest on Titanic sub?

Titan, the submersible that has gone missing in North Atlantic, has still not surfaced yet. Amid the frantic search operations, new reports say that more underwater noises have been heard. However, some experts say that those ‘banging’ noises may not be that of passengers of the ill-fated submersible. Rather, these noises can be that of animals and fish in the sea. With oxygen supply on brink of running out, Titan’s search ops include US Coast Guard.

Fitch raises India’s GDP forecast to 6.3% for current fiscal

Fitch Ratings on Thursday raised its forecast for India’s economic growth to 6.3 per cent for current fiscal year 2023-24 from 6 per cent it had predicted previously. This is primarily because of a stronger outturn in the first quarter and near-term momentum. The growth forecast compares with 7.2 per cent GDP expansion in FY23. In the previous fiscal year (FY22), the economy had grown 9.1 per cent. (PTI)

Karnataka Bandh: Hubballi sees total shutdown

Hubballi-based Karnatak Chamber of Commerce and Industry has given a call for bandh in the state today. Earlier, all traders in Karnataka were supposed to participate in the bandh. But today, except for Hubballi, others called off the protests.

Job cuts at Uber

Uber Technologies has now announced new round of layoffs. According to Reuters, 200 people have been asked to go from the recruitment division of the company. The decision has been taken as part of plan to streamline the cost.

Pak drone shot down

A team of BSF Punjab Frontier has recovered a drone from Pakistan in border village of Jodhawala in Fazilka district. According to news agency ANI, 2 kg of suspected heroin was recovered from the drone package.

WFI polls delayed

In a decision that may have ripple effects, an ad-hoc panel nominated by the Indian Olympic Association has decided to postpone the polls of the Wrestling Federation of India. According to an Indian Express report, the WFI elections will now be held on July 11. The panel says that the polls have been delayed due to several disputes within the state bodies. The members of these state bodies are the voters in the WFI polls.