Breaking news: GST collections rise 12 % to Rs 1.57 lakh crore in May | Foxconn to make iPhones in India’s Karnataka by next April - The Financial Express

The Financial Express
Latest News on June 1: From Byju’s fresh troubles to Elon Musk’s latest billionaire rankings, here’s the snapshot of what’s happening around the globe:
Apple Inc supplier Foxconn will start manufacturing iPhones in the southern Indian state of Karnataka by April 2024, the state government said on Thursday.The land for the factory would be handed over to Foxconn by July 1, the government said, adding that the project, valued at 130 billion rupees ($1.59 billion), is expected to create around 50,000 jobs. (READ MORE)
Farmers owing allegiance to several farm unions held a Khap Mahapanchayat in the Muzaffarnagar district of Uttar Pradesh where they decided to support the protesting wrestlers over their demand to arrest Wrestling Federation of India chief Brij Bhushan Singh over allegations of sexual misconduct. (READ MORE)
Bihar Chief Minister Nitish Kumar will chair a meeting of Opposition parties in Patna on June 12. The meeting, part of Kumar’s efforts to bring together all Opposition parties under one roof to put up a formidable fight against the Bharatiya Janata Party, will see the presence of several prominent leaders, including chief ministers. (READ MORE)
GST collections rise 12 pc to Rs 1.57 lakh crore in May, says Finance ministry PTI.
Nepal PM Dahal during his visit to India invited PM Modi to visit the Himalayan nation soon. Among many critical decisions that were discussed during the bilateral talks, India said that it would increase the export of power to 10,000 MW in next 10 years for Nepal.
Creditors to Byju’s, India’s most valuable startup, have pulled out of negotiations with the company to recast a $1.2 billion loan, posing a new setback to the beleaguered tech firm, a Bloomberg report quoted people familiar with the matter.
A Kiran trainer aircraft of the IAF crashed near Chamrajnagar, Karnataka today, while on a routine training sortie. Both aircrew ejected safely. A Court of Inquiry has been ordered to ascertain the cause of the accident.
Kiran, a trainer aircraft of the Indian Air Force, crashed in Karnataka’s Chamrajnagar. According to the Indian Air Force, the crew ejected safely. A court of inquiry has been ordered, the IAF said in a tweet.
Following the visit of Union Home Minister Amit Shah to Imphal, Manipur witnessed a big administrative reshuffle. According to the government, incumbent police chief P Doungel has been removed. He will now work as ODS (Home). Rajiv Singh has been appointed the new Manipur DGP, a government circular said.
The top court on Thursday turned down an application for urgent hearing over RBI’s decision to withdraw Rs 2,000 notes from the system. A vacation bench of justices Sudhanshu Dhulia and K V Vishwanathan took note of the submissions for urgent hearing of lawyer Ashwini Updhyay, and said it will not be taking up such pleas during the summer vacation, a PTI report said.
Union Home Minister Amit Shah, who is in Imphal, addressed a press conference on Thursday. He said that a massive combing operation will be launched across Manipur from tomorrow. He also added that choppers, special trains were being used to ferry relief material to violence-hit areas.
Elon Musk has done it again! According to a Bloomberg report, the Tesla boss has become world’s richest man. He has overtaken LVMH’s Bernard Arnault. The Bloomberg Billionaires Index that lists world’s top 500 richest individuals has seen a close fight between Musk and the Frenchman for the top spot.
A fire broke out in one of the coaches of Alappuzha-Kannur Executive Express at Kannur Railway Station in Kerala’s Palakkad Division. The ANI says that the incident took place at 11:07 pm on Wednesday night. So far, no casualty or injury has been reported. Railway officials say that a miscreant may have caused the fire
Several hundred Amazon workers staged major protest outside the company’s Seattle headquarters. The workers said that they were protesting against what they termed as inequitable ‘return-to-office’ mandate and inaction over climate issues. The demonstration came a week after Amazon’s annual shareholder meeting and a month after a policy took effect returning workers to the office three days per week, and AP report said. Earlier, team leads were allowed to determine how their staff worked.
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