IJR News

Ravneet Singh Bittu resigns Union Council of Ministers; Modi plans cabinet rejig amid Punjab polls

President Droupadi Murmu accepted Ravneet Singh Bittu’s resignation from the Union Council of Ministers with immediate effect under Article 75(2); Bittu, who had been serving as Minister of State for Railways and Food Processing Industries and had joined the BJP in 2024 after leaving Congress, exits as Prime Minister Modi appears to be preparing a cabinet rejig and with Punjab politics in focus. The development is confirmed across multiple reports detailing his switch to the BJP, the end of his Rajya Sabha term, and speculation about future portfolio allocations and regional election strategies.

Narendra Modi Droupadi Murmu

Jul 24, 2026

AI

US accuses Moonshot AI of stealing Anthropic tech

The White House, led by Michael Kratsios, accuses Moonshot AI of distilling Anthropic's Claude Fable to create the Kimi K3 and of using GB300 servers in Thailand in potential violation of export controls, with Treasury signaling possible sanctions. Moonshot’s Kimi K3 is touted as the largest open-weight model and has sparked ongoing regulatory scrutiny and geopolitical tension as it vies with U.S. models, a debate amplified by industry benchmarks and upcoming U.S.-China discussions.

United States People's Republic of China

Jul 23, 2026

Cedi coin rejection spurs BoG warning nationwide

The Bank of Ghana warned that refusing to accept cedi coins and notes in transactions is an offence punishable by up to three years in prison, a fine, or both, with enforcement by the police. It stressed that all coins in circulation remain legal tender (including pesewa, GH₵1 and GH₵2) and no trader can reject them, with ongoing enforcement and public reporting encouraged.

Ghana Bank of Ghana

Jul 22, 2026

Rangers and Celtic charged by SFA Ibrox incident

The Scottish Football Association charged Rangers and Celtic with breaches of Disciplinary Rule 37 and published an independent review into the March Scottish Cup clash at Ibrox, detailing unacceptable conduct and security concerns after pitch invasion and clashes. The 30‑recommendation review also notes multiple arrests and upcoming disciplinary hearings for the clubs.

Jul 21, 2026

Markets

PolyPid Secures $320M D-PLEX100 Deal in U.S., Canada

PolyPid inked an exclusive U.S. and Canada commercialization deal with Azurity for D-PLEX100 to prevent surgical site infections, unlocking $15 million upfront, another $15 million upon FDA NDA acceptance, and up to about $300 million in additional milestones, with royalties mid-teen to mid-twenties and a U.S. launch aimed for Q1 2027. The agreement follows positive Phase 3 SHIELD II results and FDA Breakthrough Therapy Designation, with PolyPid retaining non-U.S. rights and manufacturing while Azurity funds clinical development for potential label expansions.

Jul 21, 2026

Protests

Delhi CJP Protest Turns Violent, Injuries Reported

Maharashtra Chief Minister Devendra Fadnavis defended Delhi Police’s actions during the Jantar Mantar protests, stressing that peaceful demonstrations are a constitutional right only when conducted with proper permission and that unauthorised violence or attempts to destabilise politics are unacceptable. He warned that leaderless or faceless protests can be infiltrated by vested interests and cited police damage and injuries as justification for measured action, while acknowledging some participants acted with sincere intentions.

Jul 21, 2026

Frasers surpasses 30% Hugo Boss stake, triggers bid

Frasers Group has pushed its Hugo Boss stake above the 30% threshold, triggering a mandatory takeover bid for the remaining shares, and now holds about 30.28% of the stock. The €38-per-share offer remains open until 27 July, while Hugo Boss has urged investors not to accept, saying the price undervalues the business.

Jul 21, 2026

Ravneet Singh Bittu resigns Union Council of Ministers; Modi plans cabinet rejig amid Punjab polls

US accuses Moonshot AI of stealing Anthropic tech

Cedi coin rejection spurs BoG warning nationwide

Rangers and Celtic charged by SFA Ibrox incident

PolyPid Secures $320M D-PLEX100 Deal in U.S., Canada

Delhi CJP Protest Turns Violent, Injuries Reported

Frasers surpasses 30% Hugo Boss stake, triggers bid

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