Patiala House Court

Mere possession of jihadi literature is not an offence: Delhi court to NIA in UAPA case (NOV 3, 2022)

The National Investigation Agency (NIA) has in the case accused 11 people of aligning themselves with the banned terrorist organisation Islamic State of Iraq and Syria and "being part of various ISIS propaganda channels on different secured as well as unsecured social media applications" and "propagating the violent Jihadi ideology of the ISIS." The NIA has also made allegations of terror funding in this case over a transaction of Rs 60,000 between the accused.

NEWS REPORT: Mere possession of jihadi literature is not an offence: Delhi court to NIA in UAPA case (msn.com)

BUSINESS AND FINANCE NEWS 

GIC, ESR to set up USD 600 million fund to invest in industrial, logistics assets in India (NOV 3, 2022)

Singapore’s sovereign wealth fund GIC and ESR Group Ltd have formed a joint venture to set up a USD 600 million fund to acquire logistics and industrial assets in India.

The joint venture represents an extension of the existing partnership in India between the GIC and ESR, which was initiated in 2020, with the initial capital pool dedicated to investing in development and value-add to logistics and industrial opportunities across India.  It will invest in stabilised operational assets in strategic locations across Tier 1-2 cities in the country, according to a statement.

DETAILS: GIC, ESR to set up USD 600 million fund to invest in industrial, logistics assets in India (msn.com)

NEWS AT GLANCE 

  • Supreme Court affirms death penalty to Lashkar-e-Toiba terrorist Mohammed Arif in the Red Fort Attack case.
  • Cabinet approves mechanism for ethanol procurement by public sector oil marketing companies under the Ethanol Blended Petrol programme.  
  • US Federal Reserve hikes interest rates by another 75 basis points.

WORD OF THE DAY 

An heir apparent, often shortened to heir, is a person who is first in an order of succession and cannot be displaced from inheriting by the birth of another person.

MARKET TODAY (as on 3.11.2022)

BSE SENSEX                 60,836.41 INR▼ -69.68 (-0.11%)

NIFTY 50                        18,052.70 INR▼ -30.15 (-0.17%)

1 US Dollar = 82.94 Indian Rupee (Last updated · 3 November at 1:07 pm UTC)

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