Alstom Secures €323 Million Deal to Supply 70 Traxx Universal Locomotives to Italy

Alstom has secured a contract worth over €323 million to deliver 70 Traxx Universal locomotives to Mercitalia Rail in Italy, including 12 years of comprehensive maintenance services. This deal also includes an option for an additional 30 locomotives and extended maintenance services. The agreement signifies Alstom’s commitment to sustainable and innovative transportation solutions, with the locomotives featuring last-mile technology for efficient cargo handling.

Aadhaar-Based Biometric Authentication to Combat Fake Invoicing: Key Decisions from GST Council Meeting

The GST Council has approved biometric-based Aadhaar authentication for combating fake invoicing. The council also discussed bringing petrol and diesel under GST, a uniform rate for milk cans, and GST exemption for Indian Railways’ services. Other news includes the Speaker Protem row, Paytm layoff allegations, IMD weather updates, and the formation of a high-level committee for NEET 2024.

Hackers Demand Ransom After Cyberattack Disrupts US Auto Dealerships

A group of hackers has demanded millions of dollars in ransom to end a cyberattack on CDK’s software systems, disrupting operations at auto dealerships across the United States. CDK, a major provider of software to car dealerships, has reportedly decided to pay the ransom. The attack, which has caused a three-day outage, has impacted several major auto retailers, including Sonic Automotive, Penske Automotive, and Ford dealerships.

Scandic Hotels Converts Bonds into Shares, Reducing Outstanding Debt

Scandic Hotels Group AB (publ), the leading hotel company in the Nordic region, has converted SEK 176.5 million of its convertible bonds into shares. This conversion significantly reduces the outstanding debt, further strengthening Scandic’s financial position. The company remains committed to sustainable practices and providing an exceptional experience for guests and employees.

Washington Post Backtracks on New Editor Amid Ethics Concerns

Robert Winnett, the chosen editor for the Washington Post, has withdrawn his candidacy after controversy erupted over his journalistic ethics. The decision comes after concerns were raised about his past work, including the use of questionable methods to obtain information. The Post is now facing a leadership crisis as it grapples with financial struggles and attempts to adapt to the changing media landscape.

June 2023 Bank Holidays in India: Important Dates to Remember

The Reserve Bank of India (RBI) has announced bank holidays for June 2023, impacting operations of private and public sector banks across the country. This article provides a comprehensive list of bank holidays in major cities, highlighting the dates when branches will remain closed and outlining alternative banking services available during these periods.

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