Haryana has banned opinion trading apps that allow betting on future events retrospectively from 9 April, according to an official Gazette notification reviewed by Mint. Prompted by a public interest litigation and subsequent high court intervention, the move renders platforms like Probo, SportsBaazi, and MPL Opinio illegal within the state. The state government ordered the…
“Snow White”, Disney’s live-action remake of a beloved animated film, had an icy reception before its release in cinemas on March 21st. A trailer posted three months ago has earned just 60,000 likes and over 1m dislikes. “If I saw this movie on a plane I would still walk out,” grumbled one YouTube user. “We…
New Delhi: Diageo India, a subsidiary of British liquor giant Diageo Plc, anticipates that the recently-announced India-UK free trade agreement (FTA) will help lower prices for imported spirits, with some categories seeing a high single-digit reduction, potentially lifting demand for its alcoholic beverages. Also Read | Why Diageo’s Hina Nagarajan is leaving on a high…
The Reserve Bank of India (RBI) will pay as much as ₹2.69 lakh crore—the highest-ever surplus—as dividend to the central government for fiscal 2024-25 (FY25). The central bank announced the record dividend payment on Friday, May 23. This compares with ₹2.1 lakh crore transferred to the government in the financial year-ended March 2024. RBI’s FY25…
Statins are cheap and effective drugs for reducing blood levels of the “bad” cholesterol known as LDL, which gunks up arteries over time. A quarter of Americans have high LDL. But only about half of patients stay on their prescribed statins, and the drugs don’t get LDL low enough in some 10% of patients. A…
The Bar Council of India (BCI) last week allowed foreign firms and lawyers to practice non-litigious foreign law, international law, and participate in international arbitration, provided reciprocity is guaranteed. The catch: they still can’t appear before Indian courts, draft pleadings, or engage in property conveyancing. While overseas firms can apply to open offices, they must…
India’s apex food regulator, the Food Safety Standard Authority of India (FSSAI), has sent its proposal to the Union commerce ministry on expediting registration for foods to be imported from the US, said two Indian government officials aware of the development. The fast-track route will allow US companies planning to sell meat and meat products,…
The Central Consumer Protection Authority (CCPA) has raised concerns about Uber’s ‘advance tip’ option. But Uber’s not alone in this. What exactly is an advance tip? Is it unethical? And why has it drawn regulatory scrutiny? Mint breaks it down. Also Read | Covid cases are rising again. Should we be worried? Why are cabs…
India’s diamond market, which is estimated at under $10 billion currently, is likely to double in five years on rising demand in Asia’s third-largest economy, global chief executive officer (CEO) of De Beers Group Al Cook said on Thursday. De Beers Group is a South African–British company that specializes in all aspects of the diamond…
The Union government clarified before the Delhi High Court (HC) on Thursday that it has ‘plenary’ (absolute) powers to protect the country’s national security. The government’s comments come on a petition filed by Celebi, a Turkish ground and cargo handling company, which challenged the government’s move to revoke its security clearance licence. Solicitor general Tushar…