Today’s Top 10 News: DNP News brings to you top 10 breaking stories of the day to keep you abreast of all the latest developments from India and around the world.
1. IAF Chief takes the initiative as Aero India 2023 off to an incredible start
The much-anticipated Aero India 2023 got off to a spectacular start, with Chief of Indian Air Force (IAF) V.R. Chaudhri leading the inaugural flypast with a Gurukul formation.Air Chief Marshal Chaudhri piloted the Light Combat Aircraft (LCA) Tejas, which was flanked by one Hawk-i aircraft, one Intermediate Jet Trainer (IJT), and one Hindustan Turbo Trainer-40 (HTT-40).
2. U.K. to collaborate on cutting-edge defence technologies
UK Minister for Defence Procurement Alex Chalk advocated for cooperation in high-end defence technologies, such as jet engine technology, saying that doing so would help preserve territorial integrity and uphold the international rules-based order, of which India is an important member. He called the need for strong relations between India and the U.K. “mission critical.” In addition, he argued for India’s advantages in supply chain resilience, which had been highlighted by the conflict in Ukraine.
3. Virtual court technology is here to stay for the foreseeable future: Chandrachud, Chief Justice of India
Virtual court technology is here to stay “now and forever,” and Chief Justices of High Courts who have shut down online court hearings in the aftermath of the pandemic are obligated to “fall in line and come on board,” said Chief Justice of India D.Y. Chandrachud on February 13, 2023. The Chief Justice expressed “deep concern” about the attitude of certain High Court Chief Justices who are disbanding technological infrastructure built with public funds. He stated that they cannot simply turn off the cameras and microphones and demand the physical presence of lawyers and litigants.
4. Smriti shines brightest in Women’s Premier League auction on a watershed day for women cricketers
Nita Ambani’s smiling right hand lifted the paddle. Smriti Mandhana was the player who took the hammer. The cost was Rs. 50 lakh. On a hot Monday afternoon, the auction for the inaugural Women’s Premier League was underway at the Jio World Convention Centre here.
5. Pakistan is set to raise taxes in exchange for a massive IMF bailout
Officials and analysts said on February 13 that Cash-strapped Pakistan will impose new taxes worth Rs 170 billion this month in a bid for a massive bailout, despite warnings that the new taxes would exacerbate the country’s spiralling inflation.The pessimistic forecast from economists and political analysts comes after the International Monetary Fund postponed the release of a critical $1.1 billion portion of a $6 billion 2019 deal, which had been on hold since December due to Pakistan’s failure to meet the terms. The latest round of talks between Pakistan and the IMF ended on Friday, with the Fund recommending measures such as the imposition of new taxes.
6. After a spat with China, the United States reiterated its threat to defend the Philippines
After a Chinese coast guard ship allegedly hit a Philippine patrol vessel with a military-grade laser, temporarily blinding some of its crew, the US issued a renewed warning that it would defend its treaty ally if Filipino forces were attacked in the disputed South China Sea.China’s “dangerous operational behaviour directly threatens regional peace and stability, infringes on freedom of navigation in the South China Sea as guaranteed under international law, and undermines the rules-based international order,” according to US State Department spokesperson Ned Price.
7. Adani shock has ripped through ESG funds as the strategy fails the test
The scandal engulfing the Gautam Adani empire is becoming yet another setback for ESG.According to data compiled by Bloomberg, Adani stocks appear in over 500 so-called Article 8 funds that are supposed to “promote” environmental, social, and governance goals under European Union rules. According to the data, approximately 80 percent of those exposures are through direct holdings, with the remainder primarily through funds of funds or index trackers.
8. Adani Group stock rout continues unabated; 6 scrips at lower circuit, Adani Enterprises drops 2% ahead of Q3 results
On Tuesday, Adani group stocks continued to fall, with six scrips hitting the lower circuit. The slide has continued even after the Gautam Adani-led conglomerate hired Grant Thornton to conduct independent audits of some of its subsidiaries in an effort to discredit claims made by short-seller Hindenburg Research, which have battered its stocks and bonds. Adani Enterprises shares fell nearly 3% to Rs 1,667 on the NSE ahead of the company’s third-quarter earnings report. It’s worth noting that valuation guru Aswath Damodaran believes the stock is worth Rs 945 per share.
9. Cameron Green is doubtful for the Delhi Test against Australia, but Mitchell Starc is expected to return
Cameron Green, according to multiple news outlets, is questionable for the second Test of the four-match series, which begins on Friday in Delhi.”Green’s recovery was still progressing as expected, but it’s unclear if he’ll be passed fit,” News Corp reported on Tuesday.After losing the first Test by an innings and 132 runs, Australia is counting on Cameron Green’s availability to strike the right balance.
10. Ankur Tewari and Kausar Munir discuss the concept of ‘Coke Studio Bharat’ and the country’s indie music scene
The stage appeared to be set for a glorious new era; the ballroom is bright with chandeliers and flowers at every table, three rows of tables filled with musicians, and a trailer voiced by Amitabh Bachchan’s inimitable baritone. What is the point of the glitz? The launch of the latest edition of Coke Studio in India. Following an eight-year hiatus, the series returns in a new guise, with a new name and mission: Coke Studio Bharat.