Latest News Today, June 6: Here is a sneak peak at national-international affairs as well as happenings in the field of business, finance, economy and sports that will keep you abreast of relevant news. The day is loaded with newsmakers with news on: India’s digital economy to grow over fivefold by 2030, Rajnath Singh, German counterpart Pistorius meet, Security beefed up at Golden Temple, Bihar bridge collapse, PIL filed, Earthquake hits Jhajjar, World Bank President Ajay Banga meets US VP Kamala Harris, Stocks in focus. Stay tuned with FE.Com that will keep you one notch ahead of others with the influx of breaking and tending news. 

India is a fantastic potential market but taxation higher: IATA chief

India is a fantastic potential market for aviation but not a cheap market to operate as taxation is higher in the country than in many other places, international airlines’ grouping IATA’s chief Willie Walsh said on Tuesday. During a media briefing here, Walsh also highlighted the scale of the economy and investments going into airports in India. (READ MORE)

AIIMS: Hospital detects malware attack; attempt successfully thwarted

A malware attack was detected at 1450 hrs by the cybersecurity systems deployed in AIIMS. The attempt was successfully thwarted, and the threat was neutralised by the deployed cyber security systems. The eHospital services are fully secure and are functioning normally.

World Bank offers dim outlook for the global economy in face of higher interest rates

The global economy is likely slowing sharply this year, hobbled by high interest rates, the repercussions of Russia’s invasion of Ukraine and the lingering effects of the coronavirus pandemic. (READ MORE)

Air India plane from Delhi to San Francisco lands in Russia after technical issue

An Air India plane flying from Delhi to San Francisco was forced to divert and land in Russia after it developed a technical issue with one of its engines, the airline said in a statement on Tuesday. The 216 passengers onboard are being provided support on the ground and will be provided with alternative options to reach their destinations at the earliest, Air India said, adding the plane also carried a crew of 16. (Reuters)

Apple goes big on privacy, security of iPhone users at WWDC 2023, know all details

Apple’s Worldwide Development Conference (WWDC) saw some of their biggest announcements being made. These announcements included privacy and security enhancements that involved improvements made to Safari Private Browsing, Communication Safety, and Lockdown Mode, along with app privacy improvements. Apple also announced new features that are built with safety and security at their core. These include Check In, NameDrop, and Live Voicemail. (READ MORE)

India’s digital economy to grow over fivefold by 2030: Report 

India’s digital economy is expected to surge more than fivefold to USD 1 trillion by 2030, led by a growing appetite for digital products and services — especially in its smaller cities, according to a joint research report released on Tuesday by Google, Temasek, and Bain and Company. Titled ‘India e-Conomy Report’, the research states India is in its ‘Digital Decade’ and its Internet economy will grow to 12-13 per cent of its GDP by the end of the decade from the current 4-5 per cent.

A phenomenal rise in online activities for day-to-day life has put India well ahead of some of the world’s largest economies. “As India undergoes a dramatic boom that will see household consumption doubling by 2030, digital commerce will invariably become even more entrenched in Indians’ everyday experience,” the report said. ANI

Bihar bridge collapse: Company show caused 

Taking a grim view of the bridge collapse incident two days ago, the Bihar government has slapped a show cause notice on the construction company concerned, a top official said on Tuesday. Pratyay Amrit, the Additional Chief Secretary for the road construction department, also said that the executive engineer concerned has been suspended.

“The Haryana-based company, which was awarded the contract, has been served with a show cause notice by the Managing Director of Bihar Rajya Pul Nirman Nigam and asked to reply within 15 days”, Amrit told PTI.The company has been asked to explain why it should not be blacklisted by the government and further action taken against it, he said. “The department has also suspended the executive engineer concerned for his failure to keep an eye on the quality of the work”, added the Additional Chief Secretary. PTI

Rajnath Singh holds talks with German counterpart Pistorius 

Defence Minister Rajnath Singh on Tuesday held wide-ranging talks with his German counterpart Boris Pistorius, focusing on ways to expand bilateral defence and strategic ties. Ahead of the talks, people familiar with the agenda of the meeting said defence industrial cooperation would be a key area of discussions. The German defence minister is on a four-day visit to India.

The people cited above said it is expected that India’s plan to procure six stealth conventional submarines at a cost of around Rs 43,000 crore would figure in the talks between the two defence ministers.One of the contenders of the contract is Germany’s ThyssenKrupp Marine Systems (TKMS). Read More

Manipur: 1 BSF jawan killed, 2 Assam Rifles personnel injured in firing 

A jawan of the Border Security Force (BSF) is reported to have sustained fatal injuries while two Assam Rifles personnel sustained gunshot wounds in Manipur’s Serou in firing between security forces and a group of insurgents. ANI 

Operation Blue Star anniversary : Security beefed 

Security has been beefed up at the Golden Temple in Amritsar and across the city on the 39th anniversary of Operation Blue Star on Tuesday. DCP (Law and order) Parminder Singh Bhandal said that police in civil dress have been deployed as well. The city has been sealed to prevent any untoward incident, he said, adding that adequate police personnel have been posted at various spots in the city. Meanwhile, prayers are going on as usual at Sri Darbar Sahib. Earlier Additional Director General of Police (ADGP) Arpit Shukla had mentioned that security arrangements have been put in place across Punjab. Central forces have also been deployed, she said. ANI

Bihar bridge collapse: PIL filed

A PIL has been filed in the Patna High Court seeking an independent enquiry into the collapse of the Aguwani-Sultanganj bridge in Bihar’s Bhagalpur. ANI

Earthquake hits Jhajjar 

An earthquake of magnitude 2.5 hit Haryana’s Jhajjar early Tuesday morning. According to the National Center for Seismology (NCS), the earthquake occurred at 7.08 am on Tuesday. The quake occurred at a depth of 12 km. “Earthquake of Magnitude: 2.5, Occurred on 06-06-2023, 07:08:47 IST, Lat: 28.71 & Long: 76.70, Depth: 12 km, Location: Jhajjar, Haryana”, tweeted the National Center for Seismology. No damage has been reported so far. Further details are awaited. ANI

World Bank President Banga meets US VP Harris

World Bank President Ajay Banga on Monday met Vice President Kamala Harris during which they talked about developing and implementing an action plan to raise the level of ambition in mobilising private investment. It was the first official US engagement with the World Bank since Banga took office last week. Read More

Stocks To Watch

The SGX Nifty experienced a slight decline of 0.11% on Tuesday, trading at 18,704.5, indicating a slightly negative opening for the domestic indices NSE Nifty 50 and BSE Sensex. However, the previous day’s trading session concluded on a positive note, with Nifty 50 closing at 18,594, reflecting a gain of 0.32%, and Sensex reaching 62,787, up by 0.38% or 240 points. Read More