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North Western Railway has decided to cancel 6 trains due to operational reasons. Hence, passengers travelling to the cities of Rajasthan, Madhya Pradesh, Haryana, Delhi, Uttar Pradesh, Bihar, West Bengal, Assam, Maharashtra, Chhattisgarh etc. may face trouble travelling. Along with doubling or tripling the railway line under zonal railways, the construction work of railway foot-over bridge or railway under bridge continues. Due to all the infrastructure plans, the movement of trains around the country has also been affected. North Western Railway has now decided to cancel 6 trains due to operational reasons. According to Shashi Kiran, a spokesperson from North Western Railway, the following 6 trains are being cancelled due to operational reasons. Passengers are requested to schedule their plans accordingly. Train No. 20843, Bilaspur-Bhagat Ki Kothi rail service will remain cancelled on 27.06.22, 28.06.22, 04.07.22, and 05.07.22 (04 trips). Train No. 20844, Bhagat Ki … [Read more...] about Indian Railways Cancels 6 Trains Connecting Bihar, Chhattisgarh, Assam and Bengal

Travelers wait to get checked in at Incheon International Airport on Sunday. [NEWS1] Airline and duty-free industries were expected to bounce back as the pandemic waned, but are instead being ambushed by high exchange rates and faring poorly. The closing price of the won-dollar exchange rate exceeded 1,300 won for the first time in 13 years on June 23. Although edging down slightly, it stayed in the vicinity Monday, recording 1,286.5 won. Airlines in particular have to pay aircraft lease fees in U.S. dollars, and therefore have to pay more when the exchange rate rises. In the case of Korean Air Lines, if the exchange rate rises by 100 won, it has to book 410 billion won in foreign currency exchange losses. Low-cost carriers (LCCs) struggle even more due to high exchange rates. Large airlines made a profit even during the Covid-19 pandemic due to the boom in cargo transport. But LCCs, which had to suspend passenger-oriented international flights, were unable to turn in a … [Read more...] about Airline, duty-free industries faring poorly amid high exchange rates

Debt-ridden Future Enterprises Ltd. (FEL) has defaulted on interest payment of ₹4.10 crore for its non-convertible debentures. The due date for payment was June 24, 2022, FEL said in a regulatory filing. “The company is unable to service its obligations in respect of the interest on non-convertible debentures was due on June 24, 2022,” it said. This is the fourth default in June by the Kishore Biyani-led Future group firm .  Earlier this week, FEL defaulted twice on interest payments of ₹85.71 lakh and ₹6.07 crore for its non-convertible debentures. FEL had made another default on the payment of interest of ₹1.41 crore, earlier this month. The latest default is on the interest of securities issued for a sum of ₹40 crore. FEL has defaulted on interest payment for the period between June 24, 2021, and June 23, 2022, it said. The debentures are secured and have a coupon rate of 10.25% per annum. In April, FEL had informed the exchanges about a default of ₹2,835.65 crore … [Read more...] about Future Enterprises defaults on ₹4.10 crore interest payment for NCDs

In the summer of 2005, Sajid Mir had been at the Feroze Shah Kotla stadium in New Delhi, packed amidst the hundreds of ecstatic Pakistani cricket fans who cheered their team as it powered its way to a record 159-run victory over India. Mir, though, was in India for a game of his own. The top Lashkar-e-Taiba commander's undercover visit was the first of a series of surveillance missions which culminated in the November, 2008, attacks on Mumbai. The Lashkar intelligence operative whose reconnaissance enabled the attack, Pakistani-American jihadist David Headley, reported to Mir. From a safehouse in Karachi, Mir guided the assault team using a voice-over-internet line, personally ordering the execution of several hostages. Now, western intelligence sources have told The Hindu , Mir is being held in a safehouse run by Pakistan's Inter-Services Intelligence Directorate, along with the man who travelled with him to New Delhi — a former Pakistani military officer and military trainer … [Read more...] about Sajid Mir’s war against the world

With much pomp and pageantry, China launched its third aircraft carrier this month. The Type 003, now named Fujian, is China’s biggest, most modern and most powerful aircraft carrier. At 80,000 tons and 318 meters, the Fujian outstrips all but America’s supercarriers, the new USS Gerald R. Ford-class. The vessel is named Fujian, after the Chinese province that sits across from Taiwan. This is China’s third aircraft carrier and second indigenously produced carrier after Liaoning and Shandong. The prior was purchased from Ukraine and commissioned in 2012, while the latter was manufactured in Dalian Shipyard and commissioned with the People’s Liberation Army Navy (PLAN) in 2019. Besides power projections in the near seas (Yellow Sea, East China Sea and the South China Sea), both Liaoning and Shandong are essentially classified as training ships and are intended to allow the Chinese Navy to experiment, train and gain familiarity with aircraft carrier operations — a relatively new domain … [Read more...] about What Does China’s New Aircraft Carrier Say About Its Technology and Strategy

Lashkar-e-Taiba supreme commander Hafiz Muhammad Saeed told the 10-member assault team, which attacked Mumbai in November 2008, that “being shot would feel like a pinprick, bloodstains would be like rose petals, and that angels would come down to take their souls.” Saeed's exhortation, revealed in documents filed by prosecutors in the ongoing trial of Chicago-based terror suspect Tahawwur Rana, was made after the assault team members were told they were expected to die in the attack on Mumbai — rather than escape as earlier planned. Details contained in the prosecution's proffer of evidence — a legal document that contains a summary of the arguments it intends to present — offer substantial new information on the 26/11 Mumbai plot. Sajid Mir, the Lashkar's commander of transnational operations, had overall control of the tactical planning of the operation, and issued directions to the attackers using Internet and satellite phone links. Mir, the proffer records, was instrumental … [Read more...] about 26/11: ‘ISI, Lashkar collaborated closely’

The story so far: The World Gold Council accorded India as the fourth largest recycler of gold, having recycled 75 tonnes of the valuable yellow metal in the previous year. As per the report titled ‘Gold refining and recycling’, India’s gold refining landscape has changed ‘notably’ in the past decade with formal operations increasing from less than 5 in 2013 to 33 in 2021. The import duty differential that gold doré has enjoyed over refined bullion has particularly accelerated the growth of organised refining in India. Helped by these tax incentives, about half of India’s new refining capacity opened up in Excise Free Zones (EFZs) in Uttarakhand since 2014. China topped the list having recycled about 168 million tonnes of gold in 2021. Italy stood second having recycled 80 million tonnes of gold in 2021, followed by the United States (78 million tonnes). For perspective, gold dorés are metal bars with high gold content. They are composed of a mixture of precious metals but … [Read more...] about Explained | What is gold recycling?

Lawyers for Tahawwur Rana, a Pakistani-American businessman charged with having facilitated the November 26, 2008 attacks on Mumbai, say he had no knowledge his immigration business was being used as a cover for the Lashkar-e-Taiba. Rana's lawyers will argue that he was duped by his childhood friend, the Pakistani-American jihadist-turned-star prosecution witness David Headley, when court proceedings reopen on Tuesday after an extended weekend break. Deceitful conduct Charles Swift, Rana's lawyer, earlier underlined the training Headley received from Pakistan's intelligence services, his less-than-edifying past as a narcotics trafficker and his deceitful conduct with his two wives. Mr. Swift noted that his client had visited India in November 2008, along with his wife — suggesting he had no knowledge that the terrorist knowledge was imminent. But prosecutors say e-mail between the two men makes clear the businessman knew at least something of Headley's real agenda. … [Read more...] about ‘Businessman who aided 26/11 was duped’

In just a few weeks, a court in Chicago will decide the fate of Tahawwur Rana — the first of the men who guided Muhammad Ajmal Kasab and nine other Lashkar-e-Taiba terrorists to Mumbai on November 26, 2008. The trial has provided dramatic new insights into just how those men came to kill 164 children, women, and men. Based on the testimony of the Pakistani-American jihadist David Headley, and a mass of evidence, prosecutors have charged that serving officers of Pakistan's Inter Services Intelligence Directorate financed and directed the attack on Mumbai. In days to come, we will hear Mr. Rana's version of the story; his lawyers are expected to argue that he acted in good faith to help a childhood friend. The problem, however, is that Mr. Rana was at worst a bit-part actor in the Mumbai conspiracy. The men he is alleged to have answered to — commanders in the Lashkar, and their ISI mentors — are not in court, and there are no signs so far that Pakistan intends to bring them to justice. … [Read more...] about Rana trial and beyond

5G will lead to widespread artificial intelligence (AI) and machine learning (ML) adoption, enabling gargantuan volumes of data to be acquired, processed, and intelligently analysed in real time, says Saurabh Kumar Sahu, MD and Lead – Communications, Media and Technology, Accenture In India. Edited excerpts: What are some of the key challenges faced by telecom companies in 5G deployments in India? Some of the key challenges faced by telecom companies include developing a viable business and pricing model, fiberisation, an upgraded transport network and extension of cloud. While 5G is well-poised to transform consumer experiences, businesses, the economy, and society in the next decade spurred by faster connectivity speeds, ultra-low latency, and greater bandwidth, it is a capital-intensive exercise. Testing across all layers including devices and applications will play a crucial role prior to 5G adoption. How do you view the country’s current readiness for 5G? India has … [Read more...] about 5G to turn homes, enterprises a focal point for innovation: Accenture MD