Mumbai, May 29 (IANS) Capital markets regulator SEBI on Friday imposed penalties exceeding Rs 29 crore on Suzlon Energy Limited and several of its former key officials in connection with alleged irregularities linked to the transfer of the company’s operation and maintenance services (OMS) business, financial statement misstatements and related party transactions.In its order, SEBI levied a penalty of Rs 15.95 crore on Suzlon Energy Limited. The regulator also imposed penalties on former execu…

New Delhi, May 29 (IANS) India and Vietnam have taken a major step towards strengthening cooperation in digital payments and financial innovation, with the Reserve Bank of India (RBI) and the State Bank of Vietnam (SBV) signing a Memorandum of Understanding (MoU), the Ministry of Finance said on Friday.The agreement, signed with the approval of the Union Cabinet, aims to deepen collaboration in areas such as financial innovation, regulatory coordination, information sharing, and digital payment …

New Delhi, May 29 (IANS) Union MoS Dr. Jitendra Singh on Friday inaugurated India’s first “SkyCast System” at Indira Gandhi International Airport, New Delhi, to improve aviation weather monitoring and reduce fog‑related disruptions.Only 18 such advanced systems have been deployed worldwide so far and India became home to the 19th one, Jitendra Singh said.A second such facility will be deployed at Jewar Airport, followed by further rollouts at other airports, the statement from the Ministry o…

New Delhi, May 29 (IANS) The United States imports nearly 40 per cent of its generic medicines from India because of the trust it has in the country’s pharmaceutical capabilities, US Ambassador to India Sergio Gor said on Friday.Speaking at the Advancing Partnership in Research and Innovation event at Indian Institute of Technology here, Gor said India-US ties have expanded significantly across sectors including trade, defence, technology, health and space cooperation.“On pharmaceuticals, we…

New Delhi, May 29 (IANS) Union Minister for Agriculture and Farmers Welfare and Rural Development Shivraj Singh Chouhan on Friday urged states to remove unnecessary procedural complexities and focus on farmer‑centric governance as he highlighted record food‑grain production.As per advance estimates India’s total food‑grain production has reached approximately 376.563 million tonnes, the highest ever, Chouhan said, according to the statement from Ministry of Agriculture & Farmers Welf…

New Delhi, May 29 (IANS) The Union government has notified two new Special Economic Zones (SEZs) in Puducherry as part of the continued push towards strengthening the country’s industrial base, expanding exports, and deepening self-reliance in strategic sectors, according to an official statement issued on Friday. The proposals were approved by the Board of Approval for SEZs under the Department of Commerce at a meeting held on Thursday.These approvals constitute a major milestone for Puducherry…

New Delhi, May 29 (IANS) US-based artificial intelligence firm OpenAI on Friday said adoption of its AI coding and productivity tool Codex is accelerating rapidly in India, with weekly active users growing 27-fold since the beginning of 2026 so far as developers, founders and professionals increasingly adopt AI tools to build and execute tasks faster.Sharing new data on the sidelines of Mumbai Tech Week, the company said India continues to remain among the top five countries globally for Codex a…

New Delhi, May 29 (IANS) Domestic air passenger traffic in India fell 2 per cent year-on-year (YoY) in April 2026 to 140.8 lakh passengers, amid geopolitical disruptions, a report said on Friday.The domestic air traffic stood at 143.1 lakh passengers in the same month last year, according to ICRA’s latest monthly report on the aviation sector.On a sequential basis, traffic was also lower by 2 per cent from 143.7 lakh passengers recorded in March 2026, the report said.The report noted that airl…

New Delhi, May 29 (IANS) India has crossed a historic milestone by connecting 40 lakh homes to rooftop solar under the ‘PM Surya Ghar Muft Bijli Yojana’, Union Petroleum and Gas Minister Hardeep Singh Puri said on Friday.Under the guidance of Prime Minister Narendra Modi, this initiative is not only freeing the country’s common citizens from electricity bills and making them ‘Atmanirbhar’ but also saving the environment. Puri posted on X.“India becomes superpower of solar power — A ma…

Mumbai, May 29 (IANS) Shares of gaming companies came under heavy selling pressure on Friday after the Supreme Court upheld the government’s retrospective imposition of 28 per cent Goods and Services Tax (GST) on online gaming platforms.Delta Corp — that operates licensed casinos and luxury hotels — shares declined as much as 17.76 per cent to hit an intraday low of Rs 66.60 on the BSE from the previous close.Meanwhile, Nazara Technologies — a diversified gaming and sports media platform — s…