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ED arrests MD of Biswal Tradelink in fake bank guarantee case

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ED arrests MD of Biswal Tradelink in fake bank guarantee case

Representational image of the Enforcement Directorate logo | Photo Credit: PTI The Enforcement Directorate (ED) has arrested Partha Sarathi Biswal, managing director of Biswal Tradelink Private Limited (BTPL), in connection with an alleged fake bank guarantee case. The arrest was made following searches in Bhubaneswar and Kolkata. The probe is based on a first information…

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Business

Kothari Industrial Corporation acquires footwear brands Zodiz, Jeetlo 

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Kothari Industrial Corporation acquires footwear brands Zodiz, Jeetlo 

A view of the Kothari Industrial Corporation Limited, Ennore in Chennai. File | Photo Credit: B. Jothi Ramalingam Chennai-based Kothari Industrial Corporation Ltd. (KICL), the flagship company of the D.C. Kothari group, has acquired Zodiz, Jeetlo and other associated sub-brands in the footwear field. The acquisition of Zodiz, Jeetlo and associated sub-brands will come into…

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Business

First LVM3 launch vehicle equipped with semi-cryogenic stage slated to fly in 2027

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First LVM3 launch vehicle equipped with semi-cryogenic stage slated to fly in 2027

ISRO Chairman V Narayanan in Thiruvananthapuram on Friday. | Photo Credit: PTI The Indian Space Research Organisation (ISRO) is aiming for a 2027 launch for its first LVM3 launch vehicle equipped with a semi-cryogenic propulsion stage. “Right now we are on track. The power head tests (on the engine) are progressing with great success. Five…

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Science

SpaceX delivers four astronauts to International Space Station just 15 hours after launch

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SpaceX delivers four astronauts to International Space Station just 15 hours after launch

This image made from video provided by NASA and SpaceX shows from right in blue, Japan’s Kimiya Yui, NASA’s Zena Cardman, NASA’s Mike Fincke and Russia’s Oleg Platonov, with colleagues up there since March at the International Space Station during a welcome ceremony, Saturday, Aug. 2, 2025. | Photo Credit: AP SpaceX delivered a fresh…

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Science

Scientists use AI-designed proteins to generate immune cells 

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Scientists use AI-designed proteins to generate immune cells 

A colourised scanning electron micrograph of a T cell. | Photo Credit: NIAID A team of Harvard scientists has used artificial intelligence (AI), in the form of AI-designed proteins, to generate large numbers of immune cells and enhance immunity against diseases ranging from cancer to viral infections, a new research paper published in Cell said….

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Science

Wall Street falls the most since May after employers slash hiring and tariffs roll out

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Wall Street falls the most since May after employers slash hiring and tariffs roll out

U.S. stocks slumped on Friday (August 1, 2025), and the S&P suffered its biggest daily percentage decline in more than two months as new U.S. tariffs on dozens of trading partners and a surprisingly weak jobs report spurred selling pressure. Also weighing on equities was an 8.3% tumble in Amazon.com shares after the company posted…

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Business

Tesla ordered by Florida jury to pay $243 million in fatal Autopilot crash

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Tesla ordered by Florida jury to pay 3 million in fatal Autopilot crash

A Florida jury on Friday found Tesla liable to pay $243 million to victims of a 2019 fatal crash of an Autopilot-equipped Model S, a verdict that could encourage more legal action against Elon Musk’s electric vehicle company. The verdict is a rare win for victims of accidents involving Autopilot. Mr. Musk has been pushing…

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Business

Indian fuel exports escape Trump’s tariff net, no Russian penalty yet

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Indian fuel exports escape Trump’s tariff net, no Russian penalty yet

India’s exports of petroleum products such as diesel and jet fuel to the U.S. continue to be exempted from the levy of any import duty or tariff, and President Donald Trump has, for now, not indicated the penalty he plans to impose to deter New Delhi’s energy trade with Russia. On Wednesday, Mr. Trump had…

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Business

Brokers association to recommend SEBI to increase entry barriers to F&O

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Brokers association to recommend SEBI to increase entry barriers to F&O

The Brokers Association ANMI (Association of National Exchanges Members of India) is working on drawing up recommendations to make cash equity markets for retail participants amidst the Jane Street manipulation in the futures and options trade. Part of their recommendations was to increase the entry barriers for retail participants to start trading in F&O. The…

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