The southern states of India have opened up a front against the central government, alleging discrimination in the distribution of federal funds. Karnataka, Kerala and Tamil Nadu, all opposition-ruled states, marched to the capital city of New Delhi to protest and pressurise the Narendra Modi government to release funds from central allocations.

The southern states of India have opened up a front against the central government, alleging discrimination in the distribution of federal funds. Karnataka, Kerala and Tamil Nadu, all opposition-ruled states, marched to the capital city of New Delhi to protest and pressurise the Narendra Modi government to release funds from central allocations. Karnataka Chief Minister Siddramaiah was the first to arrive in New Delhi on Wednesday (Feb 7), alongside his deputy DK Shivakumar. The duo and party associates gathered at Jantar Mantar - the prominent protest spot in the city. "We are asking for our rights, we are asking for our share. The Karnataka government had sought drought relief funds from the Centre but not even a single rupee was given," said Shivakumar, stating that Karnataka ranked second in the Goods and Services Tax (GST) collection while being the biggest contributor to the country's revenue. Kerala Chief Minister Pinarayi Vijayan said his government had to "resort to such an unprecedented struggle, as it is essential for Kerala's survival and advancement". "This agitation is intended to safeguard the constitutional rights of all states, not merely Kerala's. The aim of this struggle is not to triumph over anyone, but to secure what we rightfully deserve instead of surrendering," he added. Watch | India: PM Modi's reply to motion of thanks in Rajya Sabha × BJP takes fight to the opposition While the opposition started the protest, Prime Minister Narendra Modi's Bharatiya Janata Party (BJP) took the fight to them by launching its own demonstration in Bengaluru. The saffron party held protests to highlight the "failures" of the Congress government in Karnataka. The party leaders held placards and raised slogans, calling out the Congress party for failing to provide relief to drought-hit farmers and incentives to milk producers. Also read | Farmers to march in Delhi, affecting traffic in capital city and Noida. Know alternate routes While addressing the Upper House (Rajya Sabha) of the Parliament, PM Modi hit back saying a dangerous north-south divide was being created. "Our tax, our money...what kind of language is this? I don't discriminate against states," he told parliament. Apart from the Southern leaders, Delhi Chief Minister and Aam Aadmi Party (AAP) national convenor Arvind Kejriwal and Punjab CM Bhagwant Mann also said they will participate in the protests. (With inputs from agencies)

South Indian states open up front against Modi govt over allocation of federal funds

Mumbai police detained three individuals on Wednesday (Feb 7)&nbsp;for illegally entering India via boat from Kuwait, as reported by PTI.&nbsp;The trio arrived at the Gateway of India, with initial investigations revealing no suspicious items aboard the vessel.

The arrested individuals are from Tamil Nadu and were apprehended by the Colaba police following the discovery of their boat at the Gateway of India.

"They have been sailing non-stop for 12 days. When we saw them, they hadn't eaten in three to four days as they ran out of ration. We have not found anything suspicious yet, but the boat has been safely taken away near the Taj Hotel," an official told India Today.

A case has been filed against the trio under section 3 (a) of the Passport (Entry into India) Rules, with additional penal provisions outlined in section 6 (a), for failure to comply with the necessary procedures for entering India, the official stated.

<a href="https://www.wionews.com/india-news/congress-releases-black-paper-against-modi-government-688128">Also read |&nbsp;India: Congress releases 'black paper' against Modi government</a>

<h2>Background of the trio</h2>

The individuals reportedly ventured to Kuwait two years ago for employment opportunities. However, they allegedly encountered mistreatment from their agent and subsequently escaped from Kuwait, leading to their illegal&nbsp;entry into India.

The Mumbai police are conducting further investigations into the matter, with details regarding the circumstances of their entry and potential facilitators being scrutinised.

<h2>Questions over maritime security raised</h2>

This incident has prompted concerns regarding possible lapses in maritime security. The ease with which the trio entered India throws light on&nbsp;the vulnerability of coastal areas to illegal infiltration.

Also watch |&nbsp;IEA: India to import 6.6 million barrels per day by 2030

<div class="videoWrapper trancodeVideo"><iframe allowfullscreen="" autoplay="1" class="includeVideo" frameborder="0" height="350" src="https://www.wionews.com/videos/iea-india-to-import-66-million-barrels-per-day-by-2030-688138/embed" style="width:100%;max-width:560px;" width="560"></iframe></div>

The arrests also recall&nbsp;the 2008 Mumbai terror attacks, where ten Pakistani terrorists infiltrated Mumbai via the sea route. These attacks resulted in the death&nbsp;of 166 people&nbsp;and left over 300 people injured.

(With inputs from agencies)

Mumbai police detained three individuals on Wednesday (Feb 7) for illegally entering India via boat from Kuwait, as reported by PTI. The trio arrived at the Gateway of India, with initial investigations revealing no suspicious items aboard the vessel.

Mumbai police detained three individuals on Wednesday (Feb 7) for illegally entering India via boat from Kuwait, as reported by PTI. The trio arrived at the Gateway of India, with initial investigations revealing no suspicious items aboard the vessel. The arrested individuals are from Tamil Nadu and were apprehended by the Colaba police following the discovery of their boat at the Gateway of India. "They have been sailing non-stop for 12 days. When we saw them, they hadn't eaten in three to four days as they ran out of ration. We have not found anything suspicious yet, but the boat has been safely taken away near the Taj Hotel," an official told India Today. A case has been filed against the trio under section 3 (a) of the Passport (Entry into India) Rules, with additional penal provisions outlined in section 6 (a), for failure to comply with the necessary procedures for entering India, the official stated. Also read | India: Congress releases 'black paper' against Modi government Background of the trio The individuals reportedly ventured to Kuwait two years ago for employment opportunities. However, they allegedly encountered mistreatment from their agent and subsequently escaped from Kuwait, leading to their illegal entry into India. The Mumbai police are conducting further investigations into the matter, with details regarding the circumstances of their entry and potential facilitators being scrutinised. Questions over maritime security raised This incident has prompted concerns regarding possible lapses in maritime security. The ease with which the trio entered India throws light on the vulnerability of coastal areas to illegal infiltration. Also watch | IEA: India to import 6.6 million barrels per day by 2030 The arrests also recall the 2008 Mumbai terror attacks, where ten Pakistani terrorists infiltrated Mumbai via the sea route. These attacks resulted in the death of 166 people and left over 300 people injured. (With inputs from agencies)

Trio's entry into Mumbai from Kuwait via sea sparks concerns over India's maritime security post-2008 attacks

The first-ever European Union (EU)-India Track 1.5 dialogue on countering the use of unmanned aerial systems (UAS) by extremists and non-state actors will take place in New Delhi tomorrow.

India: New Delhi hosts first ever India-EU roundtable on countering terrorist exploitation of drones

Global investors are pulling out billions of dollars from Chinese markets and investing them in India. Is India the next global investment hub?

Gravitas | Wall street giants snub China for India | Is India the next global investment hub?

Following the Reserve Bank of India's (RBI) recent restrictions on Paytm, the company's CEO, Vijay Shekhar Sharma, met with Finance Minister Nirmala Sitharaman to discuss the matter.<o:p></o:p>

However, the Finance Ministry confirmed that the government would have no role to play in the RBI's actions.<o:p></o:p>

The meeting with the Finance Minister emphasised that Paytm needs to resolve the issues directly with the RBI and adhere to the regulatory guidelines set by the central bank.<o:p></o:p>

Paytm has been grappling with regulatory challenges after the RBI directed the company to halt its popular digital wallet, deposits, and credit products. <o:p></o:p>

Paytm's shares experienced a significant dip of over 40 per cent following the RBI's directives. <o:p></o:p>

The market sentiment, however, showed signs of recovery this Tuesday. <o:p></o:p>

While the government made it clear that it would not intervene in the RBI's clampdown, Vijay Shekhar Sharma also held discussions with RBI officials to address the regulatory concerns raised by the central bank. <o:p></o:p>

The RBI's restrictions included barring Paytm Payments Bank Ltd from accepting deposits or facilitating credit transactions after February 29, affecting various customer accounts and prepaid instruments linked to those accounts, such as wallets and FASTags.<o:p></o:p>

The RBI's actions extended to terminating the nodal accounts of Paytm's parent company, One97 Communications Ltd, and Paytm Payments Bank Ltd. <o:p></o:p>

Despite these challenges, Paytm Payments Bank sought to reassure its customers, assuring them that their funds are secure and that they can continue to utilise balances from their accounts without any limits, as specified in the RBI order. <o:p></o:p>

However, after February 29, depositing money into accounts or wallets will no longer be possible.<o:p></o:p>

Following the Reserve Bank of India's (RBI) recent restrictions on Paytm, the company's CEO, Vijay Shekhar Sharma, met with Finance Minister Nirmala Sitharaman to discuss the matter.

Following the Reserve Bank of India's (RBI) recent restrictions on Paytm, the company's CEO, Vijay Shekhar Sharma, met with Finance Minister Nirmala Sitharaman to discuss the matter. However, the Finance Ministry confirmed that the government would have no role to play in the RBI's actions. The meeting with the Finance Minister emphasised that Paytm needs to resolve the issues directly with the RBI and adhere to the regulatory guidelines set by the central bank. Paytm has been grappling with regulatory challenges after the RBI directed the company to halt its popular digital wallet, deposits, and credit products. Paytm's shares experienced a significant dip of over 40 per cent following the RBI's directives. The market sentiment, however, showed signs of recovery this Tuesday. While the government made it clear that it would not intervene in the RBI's clampdown, Vijay Shekhar Sharma also held discussions with RBI officials to address the regulatory concerns raised by the central bank. The RBI's restrictions included barring Paytm Payments Bank Ltd from accepting deposits or facilitating credit transactions after February 29, affecting various customer accounts and prepaid instruments linked to those accounts, such as wallets and FASTags. The RBI's actions extended to terminating the nodal accounts of Paytm's parent company, One97 Communications Ltd, and Paytm Payments Bank Ltd. Despite these challenges, Paytm Payments Bank sought to reassure its customers, assuring them that their funds are secure and that they can continue to utilise balances from their accounts without any limits, as specified in the RBI order. However, after February 29, depositing money into accounts or wallets will no longer be possible.

Paytm CEO Advised by Government: No intervention in RBI clampdown

The United States and China agreed on Friday that they would not seek to “decouple” their economies and pledged to take steps to improve the business climates for American and Chinese companies operating in both countries, a significant step toward thawing relations between the world’s largest economies.

Yellen concludes talks with Chinese counterpart

Rising tensions at the Indo Myanmar border. The Indian government has decided to construct an impenetrable fence. India's Union home minister Amit shah tweeted about the government's commitment to construct proper fencing along the border that stretches over 1,600 km. The decision effectively moves to end free movement regime. Watch to know more!

India to fence border with Myanmar, no more free movement regime for Myanmar

In the wake of a regulatory crackdown, India's leading digital payments platform, Paytm, finds itself in turbulent waters as retailers express apprehension, opening doors for retail giants Walmart and Google to make significant inroads into the market.<o:p></o:p>

Once hailed as the trailblazer in India's digital payments realm, Paytm's future seems uncertain as its banking unit, the backbone of its popular app, faces mandated closure by India's central bank due to "persistent non-compliance." <o:p></o:p>

According to a Reuters report, this move has sparked anxiety among merchants, with many choosing to distance themselves from the platform. <o:p></o:p>

Mohammed Salahuddin, a member of a local retailers association in southern Telangana state, revealed that around 2,000 shops have already taken measures such as displaying "No Paytm, Pay Cash" signs, signalling a palpable shift away from the platform.<o:p></o:p>

In response to the growing concerns among merchants, Paytm is mobilising its sales force to mitigate fears and encourage continued usage of its platform. <o:p></o:p>

Sales representatives are actively engaging with a diverse range of merchants, from roadside vendors to large retail outlets, advocating for the utilisation of Paytm's partner banks to ensure uninterrupted payment processing. <o:p></o:p>

However, the company faces a daunting task, with approximately 15 per cent of its 40 million merchants requiring migration to alternative banking solutions, underscoring the magnitude of the challenge ahead.<o:p></o:p>

Despite Paytm's efforts to mitigate the fallout, its rivals are swiftly capitalising on the situation, eager to seize a larger share of the digital payments market. <o:p></o:p>

Following the regulatory upheaval, Paytm's stock plummeted by 39 per cent, resulting in a loss of $2.3 billion in market value. <o:p></o:p>

This downturn has created a ripe opportunity for industry behemoths like Walmart and Google to make significant strides.<o:p></o:p>

Data from market intelligence firm Sensor Tower indicates a notable decline in Paytm app downloads, juxtaposed with robust growth in rival platforms such as Walmart's PhonePe and Google Pay. <o:p></o:p>

In particular, PhonePe witnessed a 76 per cent surge in downloads, underlining the shifting dynamics within the digital payments landscape. <o:p></o:p>

Recognising the opportune moment, Google Pay swiftly rolled out initiatives to attract disillusioned Paytm merchants, further intensifying competition in the sector.<o:p></o:p>

PhonePe, a prominent rival to Paytm, wasted no time in leveraging the regulatory turmoil to its advantage. <o:p></o:p>

Through front-page newspaper advertisements, PhonePe strategically positioned itself as the preferred choice for merchants, emphasising its commitment to seamless business operations. <o:p></o:p>

Additionally, PhonePe highlighted its innovative offerings, including SmartSpeakers, designed to cater to the needs of digitally challenged retailers, thereby enhancing payment efficiency.<o:p></o:p>

Neil Shah, Director at Counterpoint Research, underscored the significance of this moment, noting that Paytm's rivals are poised to capitalise on its vulnerabilities. <o:p></o:p>

With innovations such as PhonePe's SmartSpeaker and Google's Soundpod gaining traction, the competitive landscape is poised for a dramatic shift. <o:p></o:p>

The success of these initiatives could potentially erode Paytm's market dominance.<o:p></o:p>

(With inputs from Reuters)<o:p></o:p>

In the wake of a regulatory crackdown, India's leading digital payments platform, Paytm, finds itself in turbulent waters as retailers express apprehension, opening doors for retail giants Walmart and Google to make significant inroads into the market.

In the wake of a regulatory crackdown, India's leading digital payments platform, Paytm, finds itself in turbulent waters as retailers express apprehension, opening doors for retail giants Walmart and Google to make significant inroads into the market. Once hailed as the trailblazer in India's digital payments realm, Paytm's future seems uncertain as its banking unit, the backbone of its popular app, faces mandated closure by India's central bank due to "persistent non-compliance." According to a Reuters report, this move has sparked anxiety among merchants, with many choosing to distance themselves from the platform. Mohammed Salahuddin, a member of a local retailers association in southern Telangana state, revealed that around 2,000 shops have already taken measures such as displaying "No Paytm, Pay Cash" signs, signalling a palpable shift away from the platform. In response to the growing concerns among merchants, Paytm is mobilising its sales force to mitigate fears and encourage continued usage of its platform. Sales representatives are actively engaging with a diverse range of merchants, from roadside vendors to large retail outlets, advocating for the utilisation of Paytm's partner banks to ensure uninterrupted payment processing. However, the company faces a daunting task, with approximately 15 per cent of its 40 million merchants requiring migration to alternative banking solutions, underscoring the magnitude of the challenge ahead. Despite Paytm's efforts to mitigate the fallout, its rivals are swiftly capitalising on the situation, eager to seize a larger share of the digital payments market. Following the regulatory upheaval, Paytm's stock plummeted by 39 per cent, resulting in a loss of $2.3 billion in market value. This downturn has created a ripe opportunity for industry behemoths like Walmart and Google to make significant strides. Data from market intelligence firm Sensor Tower indicates a notable decline in Paytm app downloads, juxtaposed with robust growth in rival platforms such as Walmart's PhonePe and Google Pay. In particular, PhonePe witnessed a 76 per cent surge in downloads, underlining the shifting dynamics within the digital payments landscape. Recognising the opportune moment, Google Pay swiftly rolled out initiatives to attract disillusioned Paytm merchants, further intensifying competition in the sector. PhonePe, a prominent rival to Paytm, wasted no time in leveraging the regulatory turmoil to its advantage. Through front-page newspaper advertisements, PhonePe strategically positioned itself as the preferred choice for merchants, emphasising its commitment to seamless business operations. Additionally, PhonePe highlighted its innovative offerings, including SmartSpeakers, designed to cater to the needs of digitally challenged retailers, thereby enhancing payment efficiency. Neil Shah, Director at Counterpoint Research, underscored the significance of this moment, noting that Paytm's rivals are poised to capitalise on its vulnerabilities. With innovations such as PhonePe's SmartSpeaker and Google's Soundpod gaining traction, the competitive landscape is poised for a dramatic shift. The success of these initiatives could potentially erode Paytm's market dominance. (With inputs from Reuters)

Paytm faces regulatory hurdles in India while Walmart, Google seize market opportunity

Rio de Janeiro city authorities have declared a public health emergency in the city because of an outbreak of mosquito-borne dengue fever.

Dengue fever outbreak in Rio de Janeiro

The Enforcement Directorate on Wednesday (Feb 6) conducted searches against Congress leader and former minister Harak Singh Rawat as part of a money laundering investigation, official sources said.

The searches were carried out at multiple premises in Uttarakhand, Delhi and Chandigarh, they said.

Rawat had quit the BJP ahead of the 2022 Uttarakhand assembly polls and joined the Congress.

The ED investigation is understood to be linked to alleged illegal activities in the state's Corbett Tiger Reserve.

The Enforcement Directorate on Wednesday (Feb 6) conducted searches against Congress leader and former minister Harak Singh Rawat as part of a money laundering investigation, official sources said.

The Enforcement Directorate on Wednesday (Feb 6) conducted searches against Congress leader and former minister Harak Singh Rawat as part of a money laundering investigation, official sources said. The searches were carried out at multiple premises in Uttarakhand, Delhi and Chandigarh, they said. Rawat had quit the BJP ahead of the 2022 Uttarakhand assembly polls and joined the Congress. The ED investigation is understood to be linked to alleged illegal activities in the state's Corbett Tiger Reserve.

India: ED raids former Uttarakhand minister Harak Singh Rawat's houses in money laundering probe

The Indian Union Home Minister Amit Shah said on Tuesday that the government has decided to construct a fence along the 1,643-kilometre border with Myanmar.

India-Myanmar border to be fenced entirely: Indian Home Minster Amit Shah

Indian Prime Minister Narendra Modi replied to the motion of thanks to the president's address in the upper house of the Indian Parliament today. Prime Minister made some sharp remarks against the opposition party Indian National Congress. Listen in.

PM Modi accuses Congress of 'trying to break the nation' in Rajya Sabha address

A student from the Indian city of Hyderabad was attacked by four armed robbers near his house in the US city of Chicago. The victim, identified as Syed Mazahir Ali, who went to the United States to pursue a Master’s degree, was seen profusely bleeding after allegedly being beaten up by the robbers who he claimed took his phone.

US: Indian student allegedly attacked, robbed in Chicago

Bangladesh foreign minister Muhammad Hasan Mahmud who is on India visit has said that during his meeting with Indian National security advisor Ajit Doval earlier in the day, he discussed the Rohingya issue. Speaking to our diplomatic correspondent sidhant Sibal, he said, "we have given refuge to 1.2 million Rohingyas. And every year 35,000 newborn children from the Rohingya people in Bangladesh and Bangladesh is a very densely populated country". The visiting Bangladesh FM will meeting EAM Jaishankar later in the day. FM Hasan has chosen India as his first foreign visit after taking charge in January.

Bangladesh FM Hasan Mahmud on 3-day India visit

Uttarakhand has introduced the Uniform Civil Code. The UCC deals with the aspects of marriage, divorce & succession. It also holds provisions for live-in relationships.

Uttarakhand UCC bill: What are the new live-in relationship rules?

An Indian-American student, who was completing his doctorate in mechanical engineering from Purdue University, was found dead in a nature preserve on Monday evening (Feb 5), reported the Warren County Coroner’s office.

Second Indian-American Purdue University student found dead in US

Kentucky Fried Chicken without the chicken? That might happen in the Indian city of Ayodhya, home to the Ram Mandir. 
 
Since the inauguration of the Ram Mandir in&nbsp;Ayodhya on January 22, the north Indian city has been undergoing a transformation into a tourism hotspot. Discussions are underway regarding the possibility of various food chains opening outlets in the holy city, all of which will exclusively serve vegetarian food to adhere to local customs and regulations.

One notable contender is Kentucky Fried Chicken (KFC), recognised globally for its chicken-based menu. While KFC already has a regular outlet along the Ayodhya-Lucknow highway, non-vegetarian food items are prohibited within the sacred city. However, Ayodhya authorities are open to welcoming KFC if they are willing to adjust their menu to include only vegetarian offerings.

"We are ready to provide even KFC a space if it decides to sell only vegetarian items," stated Vishal Singh, a government official in Ayodhya, as reported by Indian website Moneycontrol.

Singh emphasised the city's receptiveness to big food chain outlets, with the sole stipulation being the exclusion of non-vegetarian fare within the 'panch Kosi' area.

<a href="https://www.wionews.com/india-news/ayodhya-airport-ram-mandir-pm-modi-ayodhya-airport-inauguration-674772">Also read |&nbsp;Exclusive: Meet the architect who infused Ayodhya’s essence into its airport design</a>

<h2>Continued trend of vegetarian fast food</h2>

Should KFC choose to adopt an all-vegetarian menu, it would not be the first instance of a fast-food chain making such a shift in India.

In 2013, Subway opened an all-vegetarian outlet in Ahmedabad, even offering Jain options, according to The Times of India.

This move followed the introduction of the first all-vegetarian outlet by a US fast-food company at a private university in Punjab.

Pizza chains like Pizza Hut and Domino's Pizza have also embraced the vegetarian trend in certain regions. Pizza Hut's all-vegetarian outlet in Ahmedabad, which also caters to Jain dietary preferences, marked the company's inaugural venture into vegetarian dining worldwide.

Also watch |&nbsp;Ayodhya sets Guinness record by lighting over 2.4 million diyas

<div class="videoWrapper trancodeVideo"><iframe allowfullscreen="" autoplay="1" class="includeVideo" frameborder="0" height="350" src="https://www.wionews.com/videos/ayodhya-sets-guinness-record-by-lighting-over-24-million-diyas-657649/embed" style="width:100%;max-width:560px;" width="560"></iframe></div>

Even McDonald's has tailored its menu to suit Indian tastes, offering exclusively vegetarian items like McCurry, McVeggie, and Paneer Wrap, as reported by HuffPost.

These options are unique to McDonald's restaurants in India and are not available in its US establishments.

(With inputs agencies)

&nbsp;

Kentucky Fried Chicken without the chicken? That might happen in the Indian city of Ayodhya, home to the Ram Mandir. Since the inauguration of the Ram Mandir in Ayodhya on January 22, the north Indian city has been undergoing a transformation into a tourism hotspot.

Kentucky Fried Chicken without the chicken? That might happen in the Indian city of Ayodhya, home to the Ram Mandir. Since the inauguration of the Ram Mandir in Ayodhya on January 22, the north Indian city has been undergoing a transformation into a tourism hotspot. Discussions are underway regarding the possibility of various food chains opening outlets in the holy city, all of which will exclusively serve vegetarian food to adhere to local customs and regulations. One notable contender is Kentucky Fried Chicken (KFC), recognised globally for its chicken-based menu. While KFC already has a regular outlet along the Ayodhya-Lucknow highway, non-vegetarian food items are prohibited within the sacred city. However, Ayodhya authorities are open to welcoming KFC if they are willing to adjust their menu to include only vegetarian offerings. "We are ready to provide even KFC a space if it decides to sell only vegetarian items," stated Vishal Singh, a government official in Ayodhya, as reported by Indian website Moneycontrol. Singh emphasised the city's receptiveness to big food chain outlets, with the sole stipulation being the exclusion of non-vegetarian fare within the 'panch Kosi' area. Also read | Exclusive: Meet the architect who infused Ayodhya’s essence into its airport design Continued trend of vegetarian fast food Should KFC choose to adopt an all-vegetarian menu, it would not be the first instance of a fast-food chain making such a shift in India. In 2013, Subway opened an all-vegetarian outlet in Ahmedabad, even offering Jain options, according to The Times of India. This move followed the introduction of the first all-vegetarian outlet by a US fast-food company at a private university in Punjab. Pizza chains like Pizza Hut and Domino's Pizza have also embraced the vegetarian trend in certain regions. Pizza Hut's all-vegetarian outlet in Ahmedabad, which also caters to Jain dietary preferences, marked the company's inaugural venture into vegetarian dining worldwide. Also watch | Ayodhya sets Guinness record by lighting over 2.4 million diyas Even McDonald's has tailored its menu to suit Indian tastes, offering exclusively vegetarian items like McCurry, McVeggie, and Paneer Wrap, as reported by HuffPost. These options are unique to McDonald's restaurants in India and are not available in its US establishments. (With inputs agencies)

India: Ayodhya gears up for vegetarian KFC near Ram temple; menu changes expected

The Indian state of Uttarakhand, has presented a bill on personal laws that will apply across religions. It is called the Uniform Civil Code. The draft bill includes recommendations such as banning polygamy and granting equal inheritance rights to sons and daughters.

Gravitas | Uniform Civil Code in Uttarakhand next? BJP seeks to give women more rights

South Korean automaker, Hyundai Motor, is gearing up for a groundbreaking move in the Indian market, eyeing an Initial Public Offering (IPO) for its Indian unit. <o:p></o:p>

This is based on a Reuters report.<o:p></o:p>

This potential IPO, slated to be the largest in the country, aims to raise at least $3 billion, sources familiar with the matter reported on Friday. <o:p></o:p>

The move comes as Hyundai intensifies its focus on the Indian market, anticipating increased competition with the impending entry of electric vehicle giant, Tesla.<o:p></o:p>

Early talks and potential valuation<o:p></o:p>

Hyundai Motor India has initiated preliminary discussions regarding the IPO with various banks.<o:p></o:p>

&nbsp;The IPO could potentially value Hyundai's Indian operation at up to $30 billion, more than half of its current market capitalisation of $42 billion in Seoul. <o:p></o:p>

The announcement triggered a surge in Hyundai's shares, climbing 5 per cent to reach their highest point in nearly three years on Monday. <o:p></o:p>

This valuation would position Hyundai's India unit behind industry counterparts like Tata Motors and Maruti Suzuki India.<o:p></o:p>

"They want to make use of India's IPO boom. India's capital markets have hardly stood out like this before compared to other countries," Reuters quoted one of the sources familiar with the matter.<o:p></o:p>

India's capital market surge and IPO boom<o:p></o:p>

India's stock market, valued at $4 trillion, has emerged as a robust alternative to China, surpassing Hong Kong to become the fourth-largest globally. <o:p></o:p>

With the Nifty 50 index rising by 20 per cent in 2023 and continuing its record-breaking run into 2024, India's capital market has become a focal point for domestic and foreign investments. <o:p></o:p>

The second half of 2023 witnessed a surge in IPOs, a trend anticipated to persist in 2024, driven by expectations of policy stability.<o:p></o:p>

&nbsp;Hyundai's potential IPO aligns with this trend, positioning the company to leverage India's flourishing capital markets.<o:p></o:p>

Hyundai's IPO talks with major investment banks<o:p></o:p>

In its pursuit of an Indian IPO, Hyundai has engaged in discussions with prominent investment banks such as JP Morgan, Morgan Stanley, Citi, and Bank of America. <o:p></o:p>

While formal appointments are yet to be made, these talks reflect Hyundai's commitment to exploring all options for its India business. <o:p></o:p>

Hyundai's move follows a pattern of companies like SoftBank-backed Ola Electric and Swiggy, expected to go public in 2024. <o:p></o:p>

Although there has been no official comment from the mentioned banks, Hyundai's plan is gaining momentum in the financial sector.<o:p></o:p>

Hyundai's India push and competition with Tesla<o:p></o:p>

Hyundai, India's second-largest car maker by sales, has been strategically reinforcing its presence in India and the United States, redirecting focus after scaling back production in China and exiting the Russian market. <o:p></o:p>

Entering India over two decades ago, Hyundai is the only foreign player to have secured a significant market share alongside Maruti Suzuki. <o:p></o:p>

Hyundai's move to go public comes at a crucial juncture as it faces growing competition from domestic players like Tata Motors.<o:p></o:p>

&nbsp;Analysts speculate that the IPO could enhance Hyundai's position against Tesla in the Indian EV market.<o:p></o:p>

"Hyundai's India unit IPO talks come amid Tesla's plan to enter India, and if Hyundai's unit manages to go public in the country, it might help Hyundai better compete with Tesla in the Indian EV market in the future," noted industry analysts.<o:p></o:p>

Future investments in India's EV market<o:p></o:p>

Hyundai has outlined ambitious plans for the Indian market, announcing intentions to invest close to $4 billion over the next decade. <o:p></o:p>

These funds are set for launching new electric vehicles, expanding charging infrastructure, and establishing a battery pack assembly unit. <o:p></o:p>

Notably, part of this investment involves acquiring a former General Motors plant, a strategic move to bolster production capacity in India. <o:p></o:p>

Currently, Hyundai manufactures cars at its Chennai plant, often referred to as the "Detroit of Asia".<o:p></o:p>

(With inputs from Reuters)<o:p></o:p>

South Korean automaker, Hyundai Motor, is gearing up for a groundbreaking move in the Indian market, eyeing an Initial Public Offering (IPO) for its Indian unit.

South Korean automaker, Hyundai Motor, is gearing up for a groundbreaking move in the Indian market, eyeing an Initial Public Offering (IPO) for its Indian unit. This is based on a Reuters report. This potential IPO, slated to be the largest in the country, aims to raise at least $3 billion, sources familiar with the matter reported on Friday. The move comes as Hyundai intensifies its focus on the Indian market, anticipating increased competition with the impending entry of electric vehicle giant, Tesla. Early talks and potential valuation Hyundai Motor India has initiated preliminary discussions regarding the IPO with various banks. The IPO could potentially value Hyundai's Indian operation at up to $30 billion, more than half of its current market capitalisation of $42 billion in Seoul. The announcement triggered a surge in Hyundai's shares, climbing 5 per cent to reach their highest point in nearly three years on Monday. This valuation would position Hyundai's India unit behind industry counterparts like Tata Motors and Maruti Suzuki India. "They want to make use of India's IPO boom. India's capital markets have hardly stood out like this before compared to other countries," Reuters quoted one of the sources familiar with the matter. India's capital market surge and IPO boom India's stock market, valued at $4 trillion, has emerged as a robust alternative to China, surpassing Hong Kong to become the fourth-largest globally. With the Nifty 50 index rising by 20 per cent in 2023 and continuing its record-breaking run into 2024, India's capital market has become a focal point for domestic and foreign investments. The second half of 2023 witnessed a surge in IPOs, a trend anticipated to persist in 2024, driven by expectations of policy stability. Hyundai's potential IPO aligns with this trend, positioning the company to leverage India's flourishing capital markets. Hyundai's IPO talks with major investment banks In its pursuit of an Indian IPO, Hyundai has engaged in discussions with prominent investment banks such as JP Morgan, Morgan Stanley, Citi, and Bank of America. While formal appointments are yet to be made, these talks reflect Hyundai's commitment to exploring all options for its India business. Hyundai's move follows a pattern of companies like SoftBank-backed Ola Electric and Swiggy, expected to go public in 2024. Although there has been no official comment from the mentioned banks, Hyundai's plan is gaining momentum in the financial sector. Hyundai's India push and competition with Tesla Hyundai, India's second-largest car maker by sales, has been strategically reinforcing its presence in India and the United States, redirecting focus after scaling back production in China and exiting the Russian market. Entering India over two decades ago, Hyundai is the only foreign player to have secured a significant market share alongside Maruti Suzuki. Hyundai's move to go public comes at a crucial juncture as it faces growing competition from domestic players like Tata Motors. Analysts speculate that the IPO could enhance Hyundai's position against Tesla in the Indian EV market. "Hyundai's India unit IPO talks come amid Tesla's plan to enter India, and if Hyundai's unit manages to go public in the country, it might help Hyundai better compete with Tesla in the Indian EV market in the future," noted industry analysts. Future investments in India's EV market Hyundai has outlined ambitious plans for the Indian market, announcing intentions to invest close to $4 billion over the next decade. These funds are set for launching new electric vehicles, expanding charging infrastructure, and establishing a battery pack assembly unit. Notably, part of this investment involves acquiring a former General Motors plant, a strategic move to bolster production capacity in India. Currently, Hyundai manufactures cars at its Chennai plant, often referred to as the "Detroit of Asia". (With inputs from Reuters)

Hyundai's Ambitious Move: Plans $3 billion IPO for the Indian unit

Mayoral elections in India's union territory Chandigarh are at the centre of a controversy after allegations of poll rigging surfaced. With India's top court lashing out at malpractice in the polls, clouds loom over BJP'S sweeping electoral win.

Supreme Court slams Chandigarh mayoral poll results

India's Uttarakhand government has tabled the contentious Uniform Civil Code bill in state assembly. What are the key provisions? And why are contents of the bill controversial?

Uttarakhand government tables UCC bill

A man from Chhattisgarh has sought the help of the police to rescue his wife claiming she is being held captive by her employer in Oman. He also shared a video of his wife who claimed a sum of over Rs 3 lakh ($3.5k)&nbsp;was being sought for her release.

A complaint has been received from Jogi Mukesh stating that he was not able to contact his wife who had gone to Oman for work, Durg Additional Superintendent of Police (city) Abhishek Jha said on Monday.

When asked about the next course of action, he said the police would approach the Centre.

Mukesh, a resident of Durg district, told PTI that his wife Dipika went to Oman last March to work as a cook.

He also appealed to Prime Minister Narendra Modi.

"She came in contact with one agent Abdullah from Hyderabad through a person from Khursipar in Bhilai (Durg). The agent facilitated her journey from Kerala to Oman. We (the couple) were initially informed that my wife would work as a cook at a house there, but she was forced to do household chores. It continued for 6-7 months. I had told her to adjust," he said.

Recently, Dipika was assaulted by her employer. Subsequently, I spoke to her employer, a woman, on the phone and asked her to send my wife back but she demanded money&nbsp;for her release, Mukesh claimed.

"I have complained to the police. I also appeal to the prime minister sir to ensure my wife's return to India,"&nbsp;he said.

Mukesh has shared a video of his wife in which she claimed that she was being held captive in Oman.

"Sir, my name is Dipika and I belong to Bhilai (Durg). Someone has trapped me here by telling lies. I am locked here. I was thrashed and assaulted. When I asked them to allow me to go home, they sought money&nbsp;₹&nbsp;2 lakh-Rs 3 lakh from me. They are saying they will sell me to someone else. Please save me, sir. I don't want to be sold. I am in pain. They torture me very much," she said.&nbsp;

A man from Chhattisgarh has sought the help of the police to rescue his wife claiming she is being held captive by her employer in Oman. He also shared a video of his wife who claimed a sum of over Rs 3 lakh ($3.

A man from Chhattisgarh has sought the help of the police to rescue his wife claiming she is being held captive by her employer in Oman. He also shared a video of his wife who claimed a sum of over Rs 3 lakh ($3.5k) was being sought for her release. A complaint has been received from Jogi Mukesh stating that he was not able to contact his wife who had gone to Oman for work, Durg Additional Superintendent of Police (city) Abhishek Jha said on Monday. When asked about the next course of action, he said the police would approach the Centre. Mukesh, a resident of Durg district, told PTI that his wife Dipika went to Oman last March to work as a cook. He also appealed to Prime Minister Narendra Modi. "She came in contact with one agent Abdullah from Hyderabad through a person from Khursipar in Bhilai (Durg). The agent facilitated her journey from Kerala to Oman. We (the couple) were initially informed that my wife would work as a cook at a house there, but she was forced to do household chores. It continued for 6-7 months. I had told her to adjust," he said. Recently, Dipika was assaulted by her employer. Subsequently, I spoke to her employer, a woman, on the phone and asked her to send my wife back but she demanded money for her release, Mukesh claimed. "I have complained to the police. I also appeal to the prime minister sir to ensure my wife's return to India," he said. Mukesh has shared a video of his wife in which she claimed that she was being held captive in Oman. "Sir, my name is Dipika and I belong to Bhilai (Durg). Someone has trapped me here by telling lies. I am locked here. I was thrashed and assaulted. When I asked them to allow me to go home, they sought money ₹ 2 lakh-Rs 3 lakh from me. They are saying they will sell me to someone else. Please save me, sir. I don't want to be sold. I am in pain. They torture me very much," she said.

India: Chhattisgarh man claims wife held captive in Oman, seeks help from centre

Once the Uniform Civil Code is enacted in Uttarakhand, individuals engaging in live-in relationships, including those planning to enter such arrangements, must register with district officials, reports&nbsp;ANI. Moreover, parental consent is mandatory for individuals below 21 years of age.

Live-in relationships will not be registered under certain conditions, such as if they contravene public policy or morality, involve a married or otherwise committed partner, or if one partner is a minor. Consent obtained through coercion, fraud, or misrepresentation will also invalidate registration.

A dedicated website will facilitate the registration process, with details subject to verification by the District Registrar. A "summary inquiry" will be conducted to validate the relationship, with the Registrar authorised to summon involved parties or witnesses.

<a href="https://www.wionews.com/india-news/india-uniform-civil-code-bill-tabled-in-uttarakhand-assembly-by-cm-dhami-live-updates-687375">Also read |&nbsp;India: Uniform Civil Code Bill tabled in Uttarakhand assembly by CM Dhami</a>

<h2>Consequences of refusal or termination</h2>

Should registration be refused, the Registrar must provide written reasons. Termination of registered relationships requires a prescribed format statement, which, if deemed incorrect or suspicious, may trigger police investigation. Parents or guardians of individuals under 21 must be informed.

Failure to declare live-in relationships or providing false information can result in imprisonment&nbsp;for up to three months, a fine of ₹25,000 ($300), or both. Non-registration may lead to a maximum six-month jail term, a ₹25,000 ($300) fine, or both. Even a delayed registration could incur penalties.

Also watch |&nbsp;Nijjar killing: India refuses to aid Canada in probe till evidence is shared

<div class="videoWrapper trancodeVideo"><iframe allowfullscreen="" autoplay="1" class="includeVideo" frameborder="0" height="350" src="https://www.wionews.com/videos/nijjar-killing-india-refuses-to-aid-canada-in-probe-till-evidence-is-shared-687480/embed" style="width:100%;max-width:560px;" width="560"></iframe></div>

Children born out of live-in relationships will be considered legitimate and entitled to legal recognition. They will have equal inheritance rights, regardless of gender.

Women deserted by their live-in partners can claim maintenance, though 'desertion' remains undefined.

The introduction of a Uniform Civil Code in Uttarakhand fulfills a key electoral promise of the BJP government. Drafted after extensive public consultation, it aims to standardise personal laws, including marriage, divorce, and inheritance. Similar initiatives are underway in other BJP-ruled states like Assam, with exemptions for tribal communities.

(With inputs from agencies)

Once the Uniform Civil Code is enacted in Uttarakhand, individuals engaging in live-in relationships, including those planning to enter such arrangements, must register with district officials, reports ANI.

Once the Uniform Civil Code is enacted in Uttarakhand, individuals engaging in live-in relationships, including those planning to enter such arrangements, must register with district officials, reports ANI. Moreover, parental consent is mandatory for individuals below 21 years of age. Live-in relationships will not be registered under certain conditions, such as if they contravene public policy or morality, involve a married or otherwise committed partner, or if one partner is a minor. Consent obtained through coercion, fraud, or misrepresentation will also invalidate registration. A dedicated website will facilitate the registration process, with details subject to verification by the District Registrar. A "summary inquiry" will be conducted to validate the relationship, with the Registrar authorised to summon involved parties or witnesses. Also read | India: Uniform Civil Code Bill tabled in Uttarakhand assembly by CM Dhami Consequences of refusal or termination Should registration be refused, the Registrar must provide written reasons. Termination of registered relationships requires a prescribed format statement, which, if deemed incorrect or suspicious, may trigger police investigation. Parents or guardians of individuals under 21 must be informed. Failure to declare live-in relationships or providing false information can result in imprisonment for up to three months, a fine of ₹25,000 ($300), or both. Non-registration may lead to a maximum six-month jail term, a ₹25,000 ($300) fine, or both. Even a delayed registration could incur penalties. Also watch | Nijjar killing: India refuses to aid Canada in probe till evidence is shared Children born out of live-in relationships will be considered legitimate and entitled to legal recognition. They will have equal inheritance rights, regardless of gender. Women deserted by their live-in partners can claim maintenance, though 'desertion' remains undefined. The introduction of a Uniform Civil Code in Uttarakhand fulfills a key electoral promise of the BJP government. Drafted after extensive public consultation, it aims to standardise personal laws, including marriage, divorce, and inheritance. Similar initiatives are underway in other BJP-ruled states like Assam, with exemptions for tribal communities. (With inputs from agencies)

India: Uttarakhand mandates live-in registrations, requires parental approval for under-21s

In a major diplomatic move to boost ties with India, Iran initiated a visa-free policy for Indian Travelers. The country passed the updated Visa eligibility criteria for Indian passport holders on February 4th. Watch to know more.

Iran initiates visa-free travel for Indian Passport holders

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