TENDER PROCESS
Iraq cancels $764 million Baghdad airport project over corruption concerns
Iraqi Prime Minister Ali al-Zaidi has put a halt to the $764 million initiative to revamp Baghdad International Airport, following serious allegations of corruption surfacing among government ranks. This bold decision reflects his commitment to an anti-corruption stance and aims to restore public trust.
Disclose tender process for Board exam answer sheet procurement under RTI Act: CIC to CBSE
The Central Information Commission has directed the CBSE to disclose expenditure and procurement details for Class 10 and 12 board exams, including answer book information. The CIC set aside the CBSE's earlier denial, emphasizing transparency in public procurement and requiring proper justification for any withheld information under the RTI Act.
Vedanta faces buyback costs as bonds trade above par value
In a bold financial maneuver, Vedanta Resources has kicked off a substantial $3.6 billion bond buyback as part of a comprehensive $5.4 billion refinancing endeavor. This strategic decision is designed to lower borrowing expenses and prolong debt maturities. The company is actively in dialogue with investors across the globe to streamline new funding avenues.
Gearing up for El Nino: NCCF puts tenders to sell Tur Dal on hold
The central government has paused tenders for selling tur pulses. This decision follows a request from the All India Dal Millers Association. They want the government to wait for two months. This waiting period will allow for clarity on rainfall and sowing. The industry fears low production due to El Nino.
Reliance, Vedanta, Adani join India's drive to cut China rare earth dependence, sources say
Indian conglomerates Reliance, Vedanta, and Adani are among ten companies expressing interest in developing rare-earth processing facilities in Andhra Pradesh. This move aligns with New Delhi's strategy to reduce reliance on China for these critical minerals, essential for electric vehicle motors and other high-tech applications.
Wipro's Rs 15,000 crore buyback opens today: Analysts expect 7-8% returns for retail investors. Here's how
Wipro's significant Rs 15,000 crore share buyback has commenced. Eligible shareholders can tender shares at Rs 250, a substantial premium to the current market price. This corporate action provides an opportunity for investors to realize profits. The buyback period runs from June 10 to June 17. Shareholders should ensure their accounts are active for smooth transactions.
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India fertilizer offers sink in sign of easing supply strain
India's urea import prices have dropped sharply, less than half of April's rates. This indicates global fertilizer supply issues are easing. The country is securing large quantities of urea for its monsoon sowing season. However, India is also increasing its spot purchases of liquefied natural gas for domestic urea production, facing higher costs for this vital feedstock.
Reliance Industries-led consortium wins bid for 101-acre Mumbai slum redevelopment project
A Reliance-led consortium has secured the bid for the massive Juhu Galli slum redevelopment in Mumbai. This project will build over 28,000 homes for residents. The Maharashtra government's cluster redevelopment policy guides this initiative. The developer must provide significant financial support for resident transit accommodation. This marks a major step in large-scale slum redevelopment in the city.
World Cup 2026 Messi vs Ronaldo memes: The GOAT debate, the farewell, and one last fight for glory
World Cup 2026 Messi Vs Ronaldo Memes: The final chapter of a legendary sports rivalry is currently unfolding across North America. As the tournament kicks off, World Cup 2026 Messi Vs Ronaldo memes flood our timelines. We are witnessing a monumental cultural shift disguised as casual digital humor. These viral posts are not merely jokes about aging athletes struggling with summer heat.
12 years of PM Modi: Bold reforms, decisive decisions and political turning points
After 12 years at the helm, Prime Minister Narendra Modi reflects on a transformative journey filled with key reforms that have altered India's economic landscape, from the sweeping GST to the bold move of demonetisation. His tenure has also witnessed pivotal constitutional shifts, notably the revocation of Article 370, which has reshaped regional dynamics.
To win the deep-tech race, India needs ‘General Innovation Rules’
India is launching ambitious science initiatives. However, current financial rules designed for conventional procurement hinder R&D. A new 'General Innovation Rules' regime is proposed. This will adopt a portfolio approach for high-risk research. It will redefine public benefit to include private actors. Milestone-based disbursements and multi-year commitments will be key. This aims to boost India's deep-tech R&D race.
Wipro's Rs 15,000 crore buyback opens tomorrow: Should retail investors tender shares?
Wipro's Rs 15,000 crore share buyback opens on Thursday, offering shareholders an opportunity to tender their shares at Rs 250 apiece, a 38% premium to the stock's previous closing price of Rs 181.67. The buyback, open from June 10 to June 17.
Fertiliser Ministry seeks to double subsidy from Rs 1.71 lakh crore budgeted for FY27 as Iran war hits costs
With rising prices of imported soil nutrients stemming from ongoing conflicts in West Asia, the fertiliser ministry is pushing for a substantial hike in subsidy allocations for the current fiscal year. This move underscores the government's commitment to farmers, who rely heavily on state-supported urea and P&K fertilisers.
Modi 3.0 anniversary: Congress jabs govt with 'promise versus reality' document
The Congress party has released a document critiquing the Modi government's performance over the past 12 years. The party claims that grand announcements have not translated into tangible improvements for citizens. Key areas of concern include the economy, job creation, and social welfare programs. The Congress highlights perceived failures in fulfilling promises made to the public.
Cockroach Janata Party is BJP's C team: Suspended Bareilly city magistrate Alankar Agnihotri
Suspended official Alankar Agnihotri labelled the Cockroach Janata Party the BJP's 'C team'. He also raised concerns about missing funds from Ram Temple donations. Agnihotri supported questioning of police encounters, citing the Brahmin community's experience. He indicated his Morcha might contest 270 seats in the 2027 Uttar Pradesh Assembly elections.
CBI files FIR in Rs 397-crore transformer 'scam' in Tamil Nadu
The CBI has filed a case concerning a Rs 397 crore scam in Tamil Nadu. This involves the procurement of transformers between 2021 and 2023. Officials and private individuals are named in the FIR. The agency is investigating alleged corruption and losses to the government exchequer.
Court of Arbitration ruling on Indus Waters Treaty deepens Indo-Pak rift
A Hague court ruling has intensified the Indus Waters Treaty dispute between India and Pakistan. The decision restricts India's water storage at hydel plants. It mandates minimum water flow to Pakistan and data sharing on project designs. India rejects the ruling, calling the court illegally constituted. India has initiated talks to renegotiate the treaty, but Pakistan has not yet responded.
CBSE OSM row: Pradhan 'incompetent', continuation in office insult to lakhs of students: Cong
Congress criticizes Education Minister Dharmendra Pradhan for CBSE on-screen marking system failures. The party alleges incompetence and inflated contract rates for a compromised IT platform. Students faced issues accessing answer sheets for re-evaluation. Congress insists Pradhan must take responsibility for these lapses, calling his continued tenure an insult to students and families.
'Mantri' Pradhan's continuation in office speaks of his desire for power: Congress on CBSE OSM row
Congress criticizes Education Minister Dharmendra Pradhan over the CBSE exam controversy. Allegations point to a compromised ministry and inflated rates for a new system. Students faced stress due to these issues. The minister's continuation in office is questioned. An independent probe is demanded. The CBSE extended the deadline for answer sheet verification.
Sarthak, who uncovered CBSE-OSM irregularities, shares a message for CJP and Abhijeet Dipke ahead of June 6 protest
CBSE-OSM whistleblower Sarthak Sidhant urges student movements to focus on genuine causes over online attention, emphasizing the need for meaningful action beyond social media. He, along with Nisarga Adhikary and Vedant Shrivastava, exposed discrepancies in the CBSE's evaluation system, highlighting the importance of research-backed activism.
Wipro plunges 8% after shares turn ex-record date for Rs 15,000 crore buyback
Wipro shares fell sharply on Friday after turning ex-record date for its Rs 15,000 crore buyback, despite broader market gains in the early trading hours. The share buyback marks the first such action announced by the IT major in nearly three years. The Investor sentiment was also impacted by allegations of workplace harassment and discrimination made by a former employee.
Clean energy sector to add over 44 lakh jobs by 2030: Study
India's clean energy sector is set to generate over 44 lakh jobs by 2030. Rooftop solar will be the biggest job creator, accounting for nearly 43 percent of these positions. This growth aligns economic progress with sustainability goals. The nation ranks third globally in renewable energy capacity. Focus on skilling and inclusion is vital for quality livelihoods.
'Political hack with zero integrity: Congress pushes for Education Minister Dharmendra Pradhan's resignation
The Congress party has accused the Modi government of pushing a political agenda with the CBSE's three-language formula. They claim the move disrupts academic calendars and student futures. Education Minister Dharmendra Pradhan is called a "political hack" who must resign. This follows recent controversies surrounding the CBSE's on-screen marking system and alleged corruption.
CERT-In warned CBSE over flaws in online evaluation portal in February and May
India's cyber security watchdog, CERT-In, has detected critical vulnerabilities in the online assessment system of CBSE. Despite numerous alerts about these shortcomings, one portal was flagged as not fit for live operations. The IT ministry has since informed a parliamentary committee of the situation. Questions were also raised regarding the effectiveness of the answer sheet scanning process.
Adani Properties tops bids for MHADA’s Worli, Bandra cluster redevelopment
Adani Properties has emerged as the highest bidder for two major Mumbai cluster redevelopment projects, Adarsh Nagar in Worli and Bandra Reclamation. A consortium led by JSW Group's Hanura Realty secured the bid for the S.V. Nagar project in Andheri West. These projects, covering over 206 acres, await final government approval.
CBSE Chairman, Secretary transferred as Centre cracks down after OSM controversy
In a bold move, the Centre has relocated CBSE Chairman Rahul Singh and Secretary Himanshu Gupta, responding to growing concerns over the Board's tech-based evaluation system. An inquiry into the procurement process for On-Screen Marking services has been launched, aiming to tackle the criticisms head-on.
CBSE Class 12 re-evaluation portal opens amid OSM controversy: Check direct link, how students can apply and what they need to know
CBSE has launched its Class 12 re-evaluation and marks verification portal after delays and controversy surrounding its new On-Screen Marking (OSM) system. Students can now apply online for verification, answer book copies, and re-evaluation, amidst scrutiny from parents, opposition, and the Ministry of Education over alleged system glitches and transparency concerns.
Shobha Karandlaje seeks CBI probe into Bengaluru's Rs 39,437 crore waste management tender
Union Minister Shobha Karandlaje has demanded the Karnataka government halt a massive waste management tender. She alleges serious irregularities and financial impropriety in the Rs 39,437-crore project. Karandlaje has called for a CBI investigation into the tender process. She cited deviations from norms and unexplained reversals in bidder qualifications.
Delhi to likely get first pet park this year as city munic revives stalled project
Delhi is set to unveil its first dedicated pet park in Jangpura later this year. The Municipal Corporation of Delhi is reviving a long-pending project, now aiming for operational status within months. Fresh tenders for the facility were issued earlier this month. This comprehensive facility will offer exercise zones, grooming, medical services, and a day-care centre. The project's success will determine future pet park developments across the city.
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