Asia News & Trends

Women leaders on vulnerability, strength, and structural changes in

Women leaders on vulnerability, strength, and structural changes in "Authentic Ascent"

An interesting panel discussion on the topic of "The Authentic Ascent: Leading with Vulnerability and Strength" took place at the 6th edition of the Women Disruptors Summit & Awards 2025. Industry pioneers gathered to talk about systemic changes that enable women in leadership positions in addition to their own personal journeys.Pritha Mitra Dasgupta, Chief Marketing Officer of Havas India, presided over the meeting, and panelists included: Kinnari Dave, Shemaroo Entertainment's Business Head for ShemarooMe Prachi Bali, Head of Saatchi Propagate and EVP Shwetal Basu, Polycab India's Senior Vice President and Head of Brand & Marketing"We are no longer applauding leaders who never flinch," said Pritha Mitra Dasgupta, who opened the conversation by saying .that the days of leaders who stood like rock without flinching were long gone. In actuality, we are admiring those who possess the capacity for tenderness, resilience, empathy, and ambition.She continued by asking Kinneri Dave how both astute strategy and flexibility are necessary to successfully navigate a legacy business through the digital maelstrom. "Could you describe a situation where you were able to bring things back on track when they were veering off course because of your transparency rather than just your strategic abilities?""When you take over a brand, a legacy brand as large as Shemaroo, the burden of the brand and the legacy is huge, and you're always on edge, making sure you're not denting it," Kinnari Dave said, citing a server crash as an example that demonstrated the leadership transfers. I can clearly recall that five years ago, I oversaw product and technology for another company before taking the helm at Shemaroo.I remember clearly the day one of our servers broke and we lost a lot of data because it's a legacy brand and we had a major tech move. At that period, leading product technology for a heritage company felt extremely risky because of the media and people' doubts about a legacy brand going digital in comparison to Netflix. We told stakeholders, "Yeah, we've had a crash, lost data, and need time to figure this out," rather than jumping into solution mode, I said. However, we'll make sure that things return to normal. I then said to the crew, "All right, so this is where we are." Let's focus on finding a solution and separating the problem from the who.That made things more relatable and encouraged cooperation. Because we came together and worked as a single, cohesive team, I believe that's where we found the solution and recovered more quickly than anticipated.  

Published 14 Apr 2025 07:37 PM

In a new covert Santa commercial, IGP adds a gangster touch to office gifts.

In a new covert Santa commercial, IGP adds a gangster touch to office gifts.

IGP debuted a brand-new Christmas advertising campaign. The office Secret Santa in the advertisement has a gangster vibe. It draws attention to likable characters at work. IGP provides a variety of practical presents. The ad highlights growing tendencies in office gifts. The goal of IGP is to simplify corporate gifting.With the debut of its second ad video under the 'Amazing Gifts, Samay Par' campaign, International Gifts Platform, or IGP, has added a humorous and inventive twist by putting a birthday celebration in the Stone Age. This most recent episode satirically reimagines the classic problem of selecting the ideal birthday present, demonstrating that gift selection was important even in prehistoric times. The campaign's main concept is that a well-considered present given at the appropriate moment can have a lasting effect.The advertisement transports us to the Stone Age, when even prehistoric people understood that a birthday celebration wouldn't be complete without the ideal cake. A young cave lad surprises his crush with a delectable cake and blooming flowers from IGP in a world where stone tools are cutting edge and fire is considered a luxury. Every cave-dweller at the gathering is won over by the cake, which becomes the talk of the tribe. The message is clear: a thoughtful, well-timed present can make a lasting impact in any era, whether you are looking for dinner or running contemporary errands!  

Published 13 Dec 2024 10:46 PM

Review of Pushpa 2 The Rule and live updates Rashmika Mandanna and Allu Arjun's movie will be accessible to those with disabilities; BO update

Review of Pushpa 2 The Rule and live updates Rashmika Mandanna and Allu Arjun's movie will be accessible to those with disabilities; BO update

Review of Pushpa 2: The Rule and live updates: Pushpa's follow-up with Director Sukumar: The Rise is about to blow the box office away. Rashmika Mandanna, Fahaadh Faasil, and Allu Arjun are the film's main actors. Allu will play laborer-turned-sandalwood smuggler Pushpa Raj in the follow-up to the Telugu blockbuster from 2021. Rashmika portrays Srivalli, his wife.Tickets for Pushpa 2's December 4 launch are available at select theaters for ₹944 (GST included). The film has surpassed previous marks set by Kalki 2898 AD, Bahubali 2, and KGF 2 to become the fastest film to sell one million tickets on the platform, according to online ticketing portal BookMyShow.Like many recent south-bound films that have shattered records in the Hindi-speaking belt, the movie is expected to gross over ₹60 crore on its first day in the north. The excitement generated by the trailer launch in Patna was just a taste of the excitement that will surround its release.  

Published 05 Dec 2024 08:22 PM

Did artificial intelligence sap Coca-Cola's Christmas cheer?

Did artificial intelligence sap Coca-Cola's Christmas cheer?

Social media users reacted negatively to Coca-Cola's recent AI-generated Christmas advertisements. Many contend that the intended Christmas spirit was overshadowed by the campaign's lack of emotional connection and appropriate execution. Although the advertising' technology was impressive, the narrative fell short of the success of Coca-Cola's seminal 1995 commercial. We sought the opinions of prominent figures in Indian advertising.Social media users made fun of Coca-Cola's AI-generated Christmas advertisements when they were published last month. Some users felt that the magic had been lost in the advertisements, which were meant to honor the brand's famous Coca-Cola Christmas commercials from 1995, "Holidays Are Coming." Experts in the field offer their opinions on whether the recent internet backlash against the cola giant's advertisements is the result of bad execution or AI failure.The CCO of DDB Mudra Group, Rahul Mathew "I believe that a campaign's ambition is what makes it successful. You won't be content until you achieve your goal of being the most talked-about campaign. On the other hand, you will be content that you are out there if your goal is simply to be there. I believe the goal of the Coca-Cola commercial was just to be an AI execution. And rather than being a tale that appeals to everyone's Christmas spirit, that has turned into the commercial's narrative."Animation, CG, AI, and live action are all methods of execution. The customer does.  

Published 04 Dec 2024 10:14 PM

A new RBI governor has been appointed by Revenue Secretary Sanjay Malhotra.

A new RBI governor has been appointed by Revenue Secretary Sanjay Malhotra.

Sanjay Malhotra, a former Revenue Secretary, has been named Reserve Bank of India (RBI) Governor. According to a statement from the administration, he will assume leadership on Wednesday and serve for three years. Mr. Malhotra is an Indian Administrative Service (IAS) officer from the Rajasthan cadre, having been drafted in the 1990 batch. He received a master's degree in public policy from Princeton University in the United States and a bachelor's degree in computer science from the Indian Institute of Technology in Kanpur.In a career spanning over 33 years, Mr Malhotra has worked in several sectors including power, finance and taxation, information technology, mines etc.  

Published 09 Dec 2024 07:42 PM

The Chief Justice withdraws from legal arguments on the employment of poll workers.

The Chief Justice withdraws from legal arguments on the employment of poll workers.

Sanjiv Khanna, the Chief Justice of India, resigned on Tuesday from hearing arguments against the legality of the statute that removed him from the committee responsible for selecting the Chief Election Commissioner and other election commissioners.The Chief Justice, who shared the bench with Justice Sanjay Kumar, informed the petitioners' attorneys that he was unable to hear their plea. "List the matter before a bench of which I am not a part of," he stated.He said that the matter will be heard after the winter break and would be reallocated to a separate bench, excluding the Chief Justice. During that time, the Chief Justice also instructed the Center and other parties to submit answers to the petition.In their representation of the petitioners, senior advocate Gopal Sankaranarayanan and attorney Prashant Bhushan stated that the previous bench, which was led by Justice Khanna, who had not yet been promoted to the position of Chief Justice, had issued interim orders in the case back in March. Notably, the Chief Justice of India was not allowed to serve on the committee that appointed the chief election commissioner (CEC) and other election commissioners as a result of the Election Commissioners' Act, which was approved in December 2023. The Prime Minister, a Cabinet Minister, and the Leader of the Opposition currently make up the appointment panel.A number of individuals, notably the Association for Democratic Reforms and Congressman Jaya Thakur, contested the legality of Section 7 of the Chief Election Commissioner and other Election Commissioners Act, 2023, and requested a halt to its implementation. A different Supreme Court bench, consisting of Justices Sanjiv Khanna and Dipankar Datta, had earlier in March declined to halt the new law's implementation of the appointment of new Election Commissioners (ECs).  

Published 05 Dec 2024 08:52 PM

Election Commission ruling by the Supreme Court: When judicial activism shapes the law

Election Commission ruling by the Supreme Court: When judicial activism shapes the law

By adopting the Constituent Assembly's mantle in its March 2, 2023, ruling, the Supreme Court of India essentially rewrote some of the Constitution's clauses. The Court mandated that revised guidelines for the Election Commissioner's appointment be adhered to.According to these regulations, a committee made up of the Prime Minister, the Leader of the Opposition, and the Chief Justice of India must advise the appointment of the Election Commissioner. The Court defended this by saying that these regulations are necessary to address the "lacuna" in the laws governing this topic. However, it is clear that the Court has acted in flagrant contempt of the doctrine of the separation of powers if we examine the Court's reasoning and the laws pertaining to the appointment of Election Commissioners in greater detail.The Constitution itself, which aimed to create three institutional organs—the legislature, executive branch, and judiciary—is the source of the theory of separation of powers. The Constitution also outlined the roles of these three branches, with the legislature enacting laws, the executive branch enforcing them, and the judiciary rendering decisions. But the same Court that once acknowledged this theory as a component of the Constitution's "basic structure" has now reversed it.  

Published 03 Dec 2024 05:34 PM

Amitesh Jha of Flipkart is appointed CEO of Swiggy Instamart.

Amitesh Jha of Flipkart is appointed CEO of Swiggy Instamart.

With effect from September 4, 2024, Swiggy has named Amitesh Jha as the new CEO of Swiggy Instamart. Jha offers more than 20 years of expertise to the position, having previously worked with Flipkart.The on-demand meal delivery service Swiggy announced in a press release today, August 29, that Amitesh Jha has been named CEO of Swiggy Instamart. On September 4, 2024, Jha will take over as CEO of the fast commerce company.As competition intensifies in the rapid commerce space, Swiggy has made a move into larger e-commerce categories by appointing Flipkart veteran Amitesh Jha as the new CEO of Instamart.Amitesh Jha, a Flipkart veteran, was named CEO of Swiggy Instamart by IPO-bound Swiggy at a time when rapid commerce competitors are preparing for a fierce competition with e-commerce behemoths. The hiring of Jha reflects the desire of rapid commerce companies to expand beyond grocery by entering e-commerce markets that have historically been robust, such electronics, fashion, and clothing. According to his LinkedIn page, Jha, who has 14 years of experience at Flipkart, was most recently the Senior Vice President of Category and Marketplace, where he oversaw high-growth companies that accounted for 70% of transactions on the Walmart-owned e-commerce platform.Swiggy Group CEO Sriharsha Majety highlighted Jha's "extensive experience in leading core categories such as smartphones, general merchandise, fashion, and large appliances, as well as managing their logistics arm" when he explained why the former Flipkart executive was chosen to lead Instamart. Protecting Swiggy Instamart's market share, which UBS thinks is currently between 20 and 25 percent, compared to Bernstein's projections of 35 to 39 percent in 2023, is one of Jha's biggest problems. In addition to market leader Blinkit's steady rise, BigBasket's complete focus on speedy commerce and Zepto's charge, which is being supported by $1 billion in new funding, are the main causes of the assault.  

Published 02 Dec 2024 11:47 PM

Day 10 of Pushpa 2 (Hindi) Trends in the Box Office: The biggest second Saturday in Hindi cinema history is achieved by the Allu Arjun film.

Day 10 of Pushpa 2 (Hindi) Trends in the Box Office: The biggest second Saturday in Hindi cinema history is achieved by the Allu Arjun film.

Pushpa 2: The Rule (Hindi), starring Allu Arjun, is an unstoppable force at the box office, setting yet another record on the second Saturday. Early trends indicate that the Sukumar-directed film hopes to earn between Rs 41.00 crore and Rs 43.00 crore on the tenth day, bringing its total earnings to Rs 458 crore. With a gross of Rs 33.00 crore, the Shraddha Kapoor and Rajkummar Rao-starring Stree 2 was the most grossing second Saturday in Hindi cinema history.The movement and momentum in the evening and night shows will determine if Pushpa 2 will even approach the Rs 45 crore milestone on the tenth day. If it succeeds, Pushpa 2's second Saturday will gross more than Stree 2's second Sunday (Rs 42 crore), which says a lot about the movie's dominance at the box office. Pushpa 2's second weekend could bring in close to Rs 115 crore, which would once again be the largest amount ever made.After surpassing the box office receipts of Animal, Bahubali 2, Pathaan, and Gadar 2 in just 13 days, the Allu Arjun flick is expected to surpass the Rs 500 crore mark on Sunday and rank as the third-biggest Hindi feature film ever by Tuesday. In order to become the most successful Hindi film ever and the first to ever reach the Rs 600 crore milestone, the movie will then be vying for the box office receipts of Jawan and Stree 2.  

Published 14 Dec 2024 08:54 PM

Day 6 global box office receipts for Pushpa 2 The Allu Arjun-Rashmika Mandanna film is the quickest Indian production to reach the Rs 1000 cr milestone.

Day 6 global box office receipts for Pushpa 2 The Allu Arjun-Rashmika Mandanna film is the quickest Indian production to reach the Rs 1000 cr milestone.

Day 6 box office collection for Pushpa 2: The Rule: The movie starring Rashmika Mandanna and Allu Arjun had a fantastic first weekend at the box office. Indeed, the movie saw a sharp decline in box office receipts on Monday as the week began, despite doing exceptionally well in the first four days. According to reports, Pushpa 2: The Rule made Rs 1000 crore today worldwide. The makers claim that Pushpa 2 is now the fastest Indian movie to join the exclusive membership.As of yet, Pushpa 2 has not made Rs 650 crores at the domestic box office. The Hindi box office receipts for Pushpa 2 were reported by trade analyst Taran Adarsh. The force of "PUSHPA 2" is unstoppable. Unflappable at the #BO, #Pushpa2 extends its winning streak. Its #Blockbuster reputation is cemented by the astounding weekday patterns on Monday and Tuesday. The movie should become the fastest to reach the ₹ 400 cr milestone today [Wednesday; Day 7], given its incredible hold on weekdays. Going forward, it is anticipated that #Pushpa2's outstanding performance in *Weekend 2* will be bolstered by the lack of new releases this Friday, paving the way for a grand entrance into the ₹ 500 cr Club. [First Week] Pushpa2 Sat: 74 cr, Fri: 59 cr, Thu: 72 crThe Telugu version of Pushpa 2 made Rs 11 crores on the sixth day. On Tuesday, the Tamil version brought in Rs 2.5 crores, Kannada brought in Rs 0.4 crores, while Malayalam only brought in Rs 0.5 crores. The action drama made over Rs 150 crores on its first day of release. Unexpectedly, the Telugu version of the movie showed a surge in occupancy. The Telugu version of the movie had an occupancy of 34.79 percent on Tuesday, compared to 25.87 percent on Monday. Additionally, the general occupancy of the Hindi version of Pushpa 2 increased. The occupancy increased to 38.76 percent on Tuesday from 24.83 percent on Monday.  

Published 11 Dec 2024 08:18 PM

Aliya, the sister of Nargis Fakhri, was jailed for killing her ex-boyfriend and his friend while yelling,

Aliya, the sister of Nargis Fakhri, was jailed for killing her ex-boyfriend and his friend while yelling, "You're all going to die today."

Bollywood actor Nargis Fakhri's sister, Aliya Fakhri, has been arrested on suspicion of killing two people when she set fire to her ex-boyfriend's house in Jamaica, a Queens neighborhood in New York City. Aliya has been charged with first-degree murder and other offenses, Queens District Attorney Melinda Katz said in a statement.The deceased have been identified as Anastasia Ettienne (33), Aliya's ex-boyfriend Edward Jacobs (35). Katz told the media that both victims died from burns and smoke inhalation after the fire, which was allegedly ignited by Aliya in the detached garage close to Jacobs' house entry, trapped them with no way out.Aliya, 43, of Parsons Boulevard in Queens, was charged by a grand jury and placed under remand on November 27. She is charged with four first-degree murders, four second-degree murders, and one first- and second-degree arson charge each. She might receive a life sentence if found guilty of the most serious accusation. December 9 is the day of her upcoming court appearance. According to the information provided by the authorities, the crime was reportedly perpetrated by Aliya on November 2. Around 6:20 a.m., she arrived at the two-story detached garage and yelled at Edward, "You're all going to die today."The building was on fire when a witness who had been inside the residence came downstairs shortly after. When Ettienne heard about the fire, he went downstairs for a moment. Then the woman went back upstairs to try to wake Jacobs, who was asleep. Neither Jacobs nor Ettienne were able to flee as the structure caught fire, Katz stated in her testimony.  

Published 03 Dec 2024 09:00 PM

Trailer for Mismatched 3: Rivals are friends and Dimple-Rishi reside in the

Trailer for Mismatched 3: Rivals are friends and Dimple-Rishi reside in the

As the two explore what it means to live two lives—one real and one virtual—love meets technology as they address their goals and the work required to maintain a relationship. A brand-new collection of carefully chosen songs will also be available over the season. Fans will continue to use the music, which is synonymous with the series, as a great storytelling tool.On Monday, the final trailer for the third season of the well-liked love sitcom Mismatched on Netflix was made public. The eagerly awaited season, which stars Prajakta Koli and Rohit Saraf in the key roles, will bring back long-standing relationships and forge new ones. The trailer jumps right into the next phase of Rishi's (Rohit Saraf) and Dimple's (Prajakta Koli) relationship, beginning with the famous cold coffee that first brought them together. As they go into the next stage of their relationship, the couple has left the Aravali Institute for a new campus in Hyderabad.As the two explore what it means to live two lives—one real and one virtual—love meets technology as they address their goals and the work required to maintain a relationship. A brand-new collection of carefully chosen songs will also be available over the season. Fans will continue to use the music, which is synonymous with the series, as a great storytelling tool.Furthermore, this season is all about changing the course of events, as Rishi and Anmol (Taaruk Raina), who were formerly fierce rivals, end up working together at the virtual reality lab Betterverse. While Krish (Abhinav Sharma) is still figuring out where he fits in, Celina (Muskkaan Jaferi) helps a new character, Rith (Lauren Robinson), succeed in this virtual environment. Zeenat (Vidya Malavade) and Sid Sir (Rannvijay Singha) are making new plans and beginning afresh, which is a good parallel to the several "worlds" the crew traverses in Mismatched, ranging from friendships to adulthood and self-discovery.In addition to newcomers Lauren Robinson, Garima Yajnik, and Akshat Singh, this season features Prajakta Koli, Rohit Saraf, Rannvijay Singha, Taaruk Raina, Vidya Malavade, Ahsaas Channa, Abhinav Sharma, and Muskkaan Jaferi.    

Published 03 Dec 2024 09:26 PM

Today's stock market: Asian stocks are divided as Wall Street emerges from its holiday-season slump

Today's stock market: Asian stocks are divided as Wall Street emerges from its holiday-season slump

HONG KONG (AP) — Following Wall Street's recovery from the holiday season blues, Asian stocks are uneven, with markets in China and Tokyo seeing declines.As Tokyo's market reopened following the lengthy customary holiday, the finance minister of Japan rang in the New Year, and employees wearing suits and kimonos applauded for good fortune in 2025.Katsunobu Kato, the finance minister, declared that the Japanese government would take action to assure economic growth driven by investment and salary rises. He also promised to "grasp signs of recovery" and make sure that "every single citizen can feel the improvement in their salaries."Much of Asia has been wary of possible changes under President-elect Donald Trump, who has pledged to drastically increase tariffs on imports from China and other nations, which might impede growth for a region that depends significantly on trade. After U.S. President Joe Biden turned down Nippon Steel's roughly $15 billion offer to buy Pittsburgh-based U.S. Steel Corp., the company was predicted to file a lawsuit. On Monday, Nippon Steel's stock dropped 0.7% in Tokyo. On Friday, U.S. Steel's stock fell 6.5%. Hong Kong's Hang Seng fell 0.5% to 19,654.82, while Tokyo's benchmark Nikkei 225 index fell 1.6% to 39,258.25. At 3,194.20, the Shanghai Composite index fell 0.5%.  

Published 06 Jan 2025 10:33 PM

FPIs Lower Paytm Stakes to Less Than 1%

FPIs Lower Paytm Stakes to Less Than 1%

OVERVIEW Tiger Pacific Master Fund owned 1.03% of the shares in the June quarter, UBS Principal Capital Asia owned 1.06%, and Societe Generale owned 1.98%. The company's total FPI ownership fell from 20.04% in the prior quarter to 16.77% in the September quarter. On the BSE, Paytm's shares closed Thursday's trading session 3.47% lower at INR 696.35.Tiger Pacific Master Fund, UBS Principal Capital Asia, and Societe Generale are among the foreign portfolio investors (FPIs) who have decreased their investments in Paytm.Paytm Datalabs_in-article-iconTiger Pacific Master Fund owned 1.03% of the shares in the June quarter, UBS Principal Capital Asia owned 1.06%, and Societe Generale owned 1.98%.These stakes dropped below 1% at the end of September, therefore they were not included in the most recent data that was made public.In the quarter that ended in September, the total FPI ownership in the business fell from 20.04% to 16.77%. Paytm has been contacted by Inc42 to provide feedback on the development. The response will be used to update the story.On the BSE, Paytm's shares closed Thursday's trading session 3.47% lower at INR 696.35.In the quarter that ended in September, the holdings of foreign portfolio investors (FPIs) Societe Generale, Tiger Pacific Master Fund, and UBS Principal Capital Asia in One 97 Communications fell below 1%. Due to general market weakness, Paytm's shares fell 3% intraday to a low of Rs 700 on the BSE.  

Published 17 Oct 2024 05:24 PM

F&O-banned stocks on July 15, 2024

F&O-banned stocks on July 15, 2024

On Monday, July 15, 2024, the National Stock Exchange (NSE) imposed a trading suspension on eleven equities in the futures and options (F&O) segment.These stocks were prohibited because their market-wide position limit (MWPL) exceeded 95%. These equities can still be traded in the cash market even though they are prohibited in the F&O segment.The list of securities subject to the F&O prohibition is updated on a regular basis by NSE. The following stocks are prohibited as of July 15:Aditya Birla Fashion and Retail Balrampur Chini Mills Bandhan Bank Chambal Fertilisers and Chemicals GMR Infra GNFC IEX India Cements Indus Towers Piramal Enterprises RBL BankDerivative contracts for these securities were included in the embargo period, according to the NSE, because they exceeded 95% of the MWPL. Clients and members may only trade in these assets' derivative contracts during this prohibition period in order to offset their positions and decrease their holdings. Any increase in available employment will be met with the proper legal and disciplinary measures. During the ban period, no new positions are allowed in the F&O contracts of stocks.  

Published 15 Jul 2024 05:57 PM

After a 20% gain in a month, will Wipro's stock reach its one-year highs again?

After a 20% gain in a month, will Wipro's stock reach its one-year highs again?

Wipro stock price: At Rs 530.70, the stock was last seen trading 3.07 percent higher. It has increased 19.54% at this pricing in the last month. The share price was down 2.82 percent from its 52-week high of Rs 546.10, which was reached on February 2 of this year, notwithstanding the aforementioned increase.Wipro Ltd.'s shares increased 4% on Monday to reach a high of Rs. 535.50. At Rs 530.70, the stock was last seen trading 3.07 percent higher. It has increased 19.54% at this pricing in the last month. The share price was down 2.82 percent from its 52-week high of Rs 546.10, which was reached on February 2 of this year, notwithstanding the aforementioned increase. "The relative value of IT equities appears advantageous when looking at it in the long run. Long-term investors may want to look into equities like Wipro," said WealthMills Securities Director of Equity Strategy Kranthi Bathini.Having said that, Bathini continued, "the upcoming quarterly results and guidance will be extremely crucial going forward." Support for the counter's technical configuration was visible in the Rs 500–490 area. Additionally, additional upside requires a firm close above Rs 545.Wipro has gained a lot of momentum after breaking beyond the Rs 500 barrier. On an intermediate perspective, the stock is ready to attempt the recent swing high of Rs 545. It would be important to keep an eye on the counter for a breakout above the indicated zone, as this might lead to significant traction in a similar amount of time. Any short-term hiccup is probably to be cushioned on the lower end by Rs 500–490, according to Osho Krishan, Senior Research Analyst, Technical & Derivatives at Angel One.  

Published 01 Jul 2024 05:30 PM

The message of Maharashtra's unexpected and historic victory is for Viksit Bharat Sitharaman Nirmala

The message of Maharashtra's unexpected and historic victory is for Viksit Bharat Sitharaman Nirmala

Union Finance Minister Nirmala Sitharaman described the victory of the BJP-led Mahayuti alliance as "unexpected and unprecedented," saying that the Maharashtra elections were not your typical assembly elections and that the result sent a strong message for "Viksit Bharat."Additionally, the Union Minister congratulated Devendra Fadnavis on his election as the Maharashtra BJP legislative party's leader."I congratulate all elected MLAs," Sitharaman stated at the legislative party gathering. I congratulate Devendra Fadnavis on his election as the legislative party's leader. The 14 crore votes cast in this election send a message to the entire country of India. This election was not your typical assembly election. Following the Lok Sabha elections, the country's voters clearly gave their consent in the elections of Haryana and Maharashtra. Maharashtra's unexpected and historic triumph.Sitharaman went on to say that Maharashtra's next "double-engine" administration will be more effective in all areas, including AI technology, industry, farmers, investment, and regional development. "I think that the uncertainty brought about by the previous governments, which were led by the Congress and coalition, exhausted the people of Maharashtra and the country. Under the PM's direction, the double engine government will seek to advance while meeting the PR.  

Published 05 Dec 2024 08:33 PM

The Union Budget 2024 may see the government loosen the 45-day payment restriction for MSMEs.

The Union Budget 2024 may see the government loosen the 45-day payment restriction for MSMEs.

According to insiders, the government may decide to loosen the rule requiring MSMEs to be paid for goods and services within 45 days of the purchase in order to deter big corporations from exploring alternative sources of funding This could be announced in the budget, which is expected to be delivered on July 23.Overview. The government is thinking about easing the 45-day payment deadline for MSMEs in an effort to keep big businesses from looking for alternative suppliers. It is possible that this modification to Section 43B(h) of the Income Tax Act would be disclosed in the forthcoming July 23 Budget. As per the Finance Act 2023's introduction of Section 43B(h) of the Income Tax Act, a larger company may face greater taxes if it fails to pay an MSME within the stipulated timeframe of 45 days for written agreements. This is because the firm cannot deduct the payment from its taxable income.The amendment was introduced to allow MSMEs to receive payments on time, but many of them expressed fear, according to sources. They said they were afraid that large corporations might ask their vendors to give up their MSME registration in order to do business with them, or they might shift their sourcing requirements to larger firms in an effort to protect their interests.  

Published 09 Jul 2024 06:19 PM

2024 Budget Why this July, in July, Nirmala Sitharaman will release the budget

2024 Budget Why this July, in July, Nirmala Sitharaman will release the budget

Nirmala Sitharaman would thus become the first finance minister to introduce seven Union Budgets in a row.The Union Budget 2024 for the fiscal year 2024–25 is anticipated to be presented by Finance Minister Nirmala Sitharaman in the second part of July. By doing this, she will beat Morarji Desai, who presented six consecutive Budgets, to become the first Finance Minister to present seven successive Union Budgets. The most comprehensive report of the central government's finances, the budget estimates the government's revenue and expenditures and includes information on all sources of revenue as well as government-incurred costs.In recent years, February 1 has been the day for the presentation of the Union Budget. On February 1st of this year, Nirmala Sitharaman presented the Interim Budget for FY24, given that it was an election year. This year's Lok Sabha elections saw the BJP-led National Democratic Alliance (NDA) defeat the opposition's INDIA alliance for the third time in a row. As a result, Nirmala Sitharaman will give the Union Budget in its entirety the following month.The 18th Lok Sabha's first session, which convened on June 24, is now in progress. The session, which ends on July 1, has already seen the swearing-in of new members and a joint sitting of the Rajya Sabha and Lok Sabha on June 27 during which President Droupadi Murmu delivered a speech.  

Published 01 Jul 2024 06:26 PM

Road safety and enforcement checkpoints will be erected; the MP government eliminates transport checkposts at interstate boundaries.

Road safety and enforcement checkpoints will be erected; the MP government eliminates transport checkposts at interstate boundaries.

The government of Madhya Pradesh is going to establish new road safety and enforcement checking stations and has eliminated the transport check posts at interstate borders. There will be 45 checking points set up initially, and until these points are operational, enforcement will be temporarily handled by mobile forces. Home guards, enforcement officers, and district transport office officials will make up these mobile units. With effect from today, the Madhya Pradesh government eliminated the transport checkpoints at the state's interstate borders and announced the establishment of new road safety and enforcement checkpoints.In the first phase of the state under the new system, 45 checking points will be implemented. In the interim, before the new checkpoints are prepared, mobile units made up of house guards, district transport office employees, and enforcement personnel will be established.In a video conference meeting with officials on Sunday at CM House, Chief Minister Mohan Yadav gave orders for district-level administrative and police personnel to assist the Transport Department in implementing the new system.  

Published 12 Aug 2024 10:23 AM

According to Instagram, rubbing raw ginger can help clear up acne. Are dermatologists in agreement?

According to Instagram, rubbing raw ginger can help clear up acne. Are dermatologists in agreement?

Another day, another Instagram beauty tip that has gone viral. You surely have a feed full of skincare tips on how to treat acne if you have it, like I do. Social media is using natural components from your kitchen, such as flax seeds for "botox" and raw garlic. This time, raw ginger is the focus, as influencers assert that applying it topically can help eradicate acne. It seems like a simple solution to acne, doesn't it?Innumerable videos of Indian skinfluencers with radiant skin can be found online these days, stating that the key isn't pricey facials but rather applying raw ginger directly to acne outbreaks to treat them right away. But is this spicy suggestion really supported by any science?To find out if this pattern is reliable, let's take a closer look and get some professional guidance.What are the opinions of experts? First, let's get this out of the way. Anything is not necessarily beneficial to your skin just because it is natural. particularly when used undiluted and raw. Senior consultant dermatologist Dr. Gulhima Arora of Mehektagul Dermaclinic states that ginger has only been indirectly shown to be effective in treating acne in scientific studies. It shouldn't be regarded as the primary or first line of treatment. She emphasizes that acne is a complex condition and that not all of its triggers can be addressed by a single spice.Dermatologist and Kaya Limited medical advisor Dr. Saranya B concurs, saying that using raw ginger to the face is not a clinically validated method of treating acne. Despite its antibacterial and anti-inflammatory qualities, direct application may irritate skin. According to Skin Smart Solutions' founder and principal dermatologist, Dr. Bindu Sthalekar, "there is no scientific proof that applying raw ginger topically treats acne." Theoretically, it might be beneficial, but only if taken in conjunction with other drugs and with good tolerance.  

Published 17 Apr 2025 08:57 PM

How to get ready for a multilingual child

How to get ready for a multilingual child

You can do a lot to set the stage for your child to learn the languages you want them to know before they are born.For every new parent, expecting a child—especially their first—is a lot. Where the baby will sleep, how to arrange for feeding, changing, and bathing, and how to set up your work schedule so that you or another caregiver can spend time with the child are just a few of the many unknowns and preparations that need to be made. If you are able to speak multiple languages, you might want your child to be able to speak them as well.Although this isn't always the case, many people in the English-speaking world know very little about any other language. Nearly 60% of EU citizens between the ages of 25 and 64 are "good" or "proficient" in at least one language other than their first. Many youngsters can anticipate having several first languages as they are born into households where multiple languages are spoken on a regular basis. It's possible that your parents speak various first languages or that you were raised speaking multiple first languages. Neither parent's first language may be the one spoken by the majority of people outside the family.You can do a lot to set the stage for your child to learn the languages you want them to know before they are born. Parents might talk about the language skills they hope their child will acquire. Which language or languages should your child learn as their first language from the beginning? Generally speaking, the original language or languages are more developed than subsequent languages. If more than three or four languages are involved, you might have to prioritize due to practical constraints. Making sure the child receives adequate, consistent exposure to and contact with each language they are learning is crucial. Parents frequently desire to engage with their infant in the  

Published 03 Jan 2025 09:02 PM

Indian-American Miss India USA 2024, born in Chennai

Indian-American Miss India USA 2024, born in Chennai

Caitlin Sandra Neil, an Indian American girl from Chennai, won the title of Miss India USA 2024 at the yearly contest in New Jersey.Ms. Caitlin, 19, is a University of California, Davis second-year student. "I want to leave a positive lasting impact on my community and focus on women's empowerment and literacy," Caitlin was quoted as saying in a press statement.Ms. Caitlin was born in Chennai, India, and has spent the previous 14 years in the United States. She aspires to work as a web designer in addition to modeling and acting.In the pageant run by the India Festival Committee (IFC), Sanskriti Sharma from Illinois was named Mrs. India USA, and Arshita Kathpalia from Washington was crowned Miss Teen India USA. Caitlin Sandra Neil and Sanskriti Sharma were crowned Miss India USA 2023 by Rijul Maini and Mrs. India USA 2023 by Sneha Nambiar. In the Miss India USA contest, Manini Patel of New Jersey and Nirali Desia of Illinois were crowned first and second runners-up, respectively. In the Mrs. India USA contest, Virginia's Sapna Mishra and Connecticut's Chinmayee Ayachit were crowned first and second runner-up, respectively. According to the press release, Sonali Sharma and Dhriti Patel of Rhode Island were named the teen category's first and second runners-up, respectively. Twenty-five states sent forty-seven participants to compete in the pageant's three divisions.  

Published 21 Dec 2024 03:41 PM

The

The "dumbest thing on the internet" viral video features an influencer using green chillies as a "natural lip plumper."

Online criticism of the possible health hazards of using green chilli as a "lip plumper" erupted when a Delhi-based beauty influencer's video went popular.After publishing a contentious beauty tip online, a Delhi-based beauty blogger has created a stir by using a green chilli as a "natural lip plumper." Shubangi Anand uploaded the video to Instagram, and in a matter of days, it has received over 21 million views.Shubangi holds a green chilli in the beginning of the film, slices it, and then presses the exposed end to her lips. The apparent effects of the chilli begin to take effect as she proceeds with the procedure. She inhales deeply, tints her lips, and adds a glossy finish to complete her appearance. Her followers are encouraged to attempt the unconventional method themselves by the caption, which asks, "Would you try?" and includes emojis of fire and chilli.  

Published 09 Dec 2024 08:43 PM

BCCI vice-prez Rajeev Shukla says the IPL 2025 will start on March 23. The Champions Trophy squad announcement date has been announced.

BCCI vice-prez Rajeev Shukla says the IPL 2025 will start on March 23. The Champions Trophy squad announcement date has been announced.

Rajeev Shukla said the IPL 2025 starts on March 23 and disclosed the date for India's Champions Trophy team release.Vice-president Rajeev Shukla of the Board of Control for Cricket in India (BCCI) has confirmed that the much-anticipated Indian Premier League (IPL) 2025 would begin on March 23. Shukla disclosed the tournament's start date to the media on Sunday after the BCCI general meeting.Important decisions pertaining to the management of Indian cricket were taken at the BCCI meeting on January 12 in addition to the announcement of the IPL's start date. According to Shukla, Prabhtej Singh Bhatia has been elected as the BCCI treasurer, while Devajit Saikia will take Jay Shah's place as the organization's new secretary. He added that the 2025 Women's Premier League (WPL) venues will be revealed soon, and that the Champions Trophy teams meeting will be held between January 18 and 19. However, there have been differing claims regarding the IPL's start date. According to ESPNCricinfo, the competition will really commence on March 21. According to a BCCI insider cited by PTI, the competition would start on "March 20 or 21."Gautam Gambhir and Indian captain Rohit Sharma attended the review meeting on Saturday in response to India's dismal showing in the Border-Gavaskar Trophy, where the team lost 1-3 to Australia. Another 0–3 clean-sweep loss to New Zealand at home came before the series. "The Border Gavaskar Trophy performance, what went wrong, and the necessary course adjustment were all covered in depth. However, do not anticipate a hasty decision from the new BCCI administration," a source familiar with Board events told PTI under anonymity.  

Published 13 Jan 2025 09:45 PM

The 'Made of Bold' sports development initiative is launched by RCB.

The 'Made of Bold' sports development initiative is launched by RCB.

RCB's "Made of Bold Sports Development Programme" was started with the goal of identifying and developing athletes from all over the world.To find talent and develop athletes from all over the world, the Royal Challengers Bengaluru (RCB) started the "Made of Bold Sports Development Programme."On Thursday, the RCB issued a statement that read, "With a vision to unearth talent and nurture athletic champions from across regions, the Royal Challengers Bengaluru (RCB) are elated to announce the Made of Bold Sports Development Programme launch.""RCB's larger goal of creating a Sports Forward Nation, which aims to create a strong and sustainable sports ecosystem for India, includes the Made of Bold program as a key component. In order to promote active sports growth in the nation, this initiative seeks to find and develop athletes as well as start a conversation among important industry players," Rajesh Menon, Vice President and Head of RCB, stated in a news release. "We firmly think that when communities and sports come together, everyone benefits in the long run. This is for the socioeconomic impact on the neighborhood as well as for the talent that has been found and developed. With an emphasis on using sports as a bridge to underprivileged areas, we hope to accomplish this through RCB's Made of Bold Sports Development Programme in support of long-term development," he continued.Shreyanka Patil, the star cricket player for the Royal Challengers Bangalore (RCB), spoke on the program, saying, "I am very excited to see the 'RCB's Made of Bold Sports Development Programme' begin. Creating inclusivity and providing a platform for athletes and their communities to flourish is exactly what we Indian athletes need. This program is a good start for India, a huge country with a lot of unrealized sporting potential.  

Published 21 Dec 2024 03:44 PM

In a live interview, Jasprit Bumrah gives Sanjana Ganesan a hug the video goes viral online.

In a live interview, Jasprit Bumrah gives Sanjana Ganesan a hug the video goes viral online.

In addition, Jasprit Bumrah won Player of the Tournament with 15 wickets in eight games.After Team India won the T20 World Cup 2024, the hurts from their failure in the ODI World Cup 2023 final were salted on Saturday. In the last game, Team India defeated South Africa by a margin of seven runs, led by captain Rohit Sharma. India played brilliantly and were undefeated throughout the competition. One of the main factors in India's triumph at the major tournament was pacer Jasprit Bumrah, who drove his side to victory in numerous games with his amazing spells.Bumrah Jasprit gives Sanjana Ganesan a hug. Video Breaks the Internet During a Live InterviewIn addition, Jasprit Bumrah won Player of the Tournament with 15 wickets in eight games.Sports Desk on NDTVUpdated at 02:19 PM IST on July 01, 2024Two minutes to read In a live interview, Jasprit Bumrah gives Sanjana Ganesan a hug; the video goes viral online. Sanjana Ganesan and Jasprit Bumrah together© X (Twitter) After Team India won the T20 World Cup 2024, the hurts from their failure in the ODI World Cup 2023 final were salted on Saturday. In the last game, Team India defeated South Africa by a margin of seven runs, led by captain Rohit Sharma. India played brilliantly and were undefeated throughout the competition. One of the main factors contributing to India's victory in the majorThe fans were astonished by the top pacer's performance. Such "couple goals" moments are what Bumrah and Sanjana are renowned for providing their fans with. In eight matches, Bumrah took 15 wickets and won Player of the Tournament. He was instrumental in India's triumph over the Proteas in the summit confrontation. You can only listen to the newest music on JioSaavn.com. "Normally, I'm the one who makes an effort to control my emotions so that I can concentrate on my work, but right now, my emotions are taking control and I'm running out of words. After a game, I don't normally cry, but this one feels very meaningful. We thought we were in trouble halfway through, but to pull off a victory like this is  

Published 01 Jul 2024 05:26 PM

Shah Rukh Khan declared he would give a  flying kiss  to celebrate winning the IPL. Rana Harshit

Shah Rukh Khan declared he would give a flying kiss to celebrate winning the IPL. Rana Harshit

Rana was instrumental in the Kolkata Knight Riders' IPL victory, taking 19 wickets in 13 matches. The Delhi speedster's aim is to play for India after his breakout IPL season.The Kolkata Knight Riders (KKR) team ran on the engine of Harshit Rana, who went on to win the championship three times. Harshit, the uncapped Indian bowler, came through for his team during the first half of the IPL when Mitchell Starc was having trouble keeping his rhythm. In 13 games, he claimed 19 wickets. After being interviewed by The Indian Express, Harshit, 22, talks about his experience in the IPL, what Shah Rukh Khan promised him, why he began playing cricket, and his future aspirations.  

Published 12 Aug 2024 10:24 AM

The PM claims that concentrating only on commerce in the South Pacific won't help New Zealand

The PM claims that concentrating only on commerce in the South Pacific won't help New Zealand "get rich."

Important Points The most recent nation to enter into an economic alliance with the United Arab Emirates is New Zealand. The prime minister of New Zealand told CNBC that in order to find economic prospects, the South Pacific island nation must go outside of its immediate area. Prime Minister Christopher Luxon sees an opportunity to increase bilateral trade between the UAE and New Zealand through the free trade agreement inked on Monday.As the South Pacific island nation forges an economic alliance with the United Arab Emirates (UAE), the prime minister of New Zealand told CNBC that the nation must search for trade prospects outside of its immediate borders. Prime Minister Christopher Luxon views the free trade agreement, officially known as the Comprehensive Economic Partnership Agreement (CEPA), as an opportunity to increase bilateral trade between the two nations and positions the United Arab Emirates as one of the Middle East's biggest marketplaces.Luxon told CNBC Monday, "We have a long-standing relationship that dates back more than 40 years of diplomatic recognition, and the opportunity now is to deepen and broaden the economic relationship. "The signing of the CEPA and the bilateral investment treaty is crucial because, in reality, these two small, developed economies share many values and similarities, and we hope to be able to collaborate and strengthen our relationship.  

Published 15 Jan 2025 07:59 PM

As the nation commemorates the centennial of Vajpayee's birth, his legacy endures.

As the nation commemorates the centennial of Vajpayee's birth, his legacy endures.

The centennial of Atal Bihari Vajpayee honors his important political accomplishments to India. He served a full term as India's first prime minister who was not a member of the Congress. Vajpayee continues to play an admirable role in Indo-Pakistan ties, coalition politics, and effective administration. He was a great statesman and orator who had a long-lasting effect on national policy and parliamentary democracy in India.Using his trademark flourish, Atal Bihari Vajpayee made one of his most well-known predictions during the BJP's first convention at Shivaji Park in Mumbai on December 30, 1980: "Andhera chhatega, suraj niklega, kamal khilega" (darkness will end, the sun will rise, lotus will bloom). His remarks have held up well as the centennial of his birth approaches, with lotuses in full bloom and the BJP regaining control of the center for a third consecutive term.Vajpayee assisted the BJP in gaining traction when its cultural goal was viewed as anathema, if Prime Minister Narendra Modi made it the focal point of national politics.In a world full of powerful satraps, India's first non-Congress prime minister to serve a full term was a statesman politician and an unmatched orator who garnered admiration and respect from people on both sides of the political spectrum. He stood tall with his natural democratic spirit, which he had developed over decades of opposition.  

Published 24 Dec 2024 10:43 PM

The message of Maharashtra's unexpected and historic victory is for Viksit Bharat Sitharaman Nirmala

The message of Maharashtra's unexpected and historic victory is for Viksit Bharat Sitharaman Nirmala

Union Finance Minister Nirmala Sitharaman described the victory of the BJP-led Mahayuti alliance as "unexpected and unprecedented," saying that the Maharashtra elections were not your typical assembly elections and that the result sent a strong message for "Viksit Bharat."Additionally, the Union Minister congratulated Devendra Fadnavis on his election as the Maharashtra BJP legislative party's leader."I congratulate all elected MLAs," Sitharaman stated at the legislative party gathering. I congratulate Devendra Fadnavis on his election as the legislative party's leader. The 14 crore votes cast in this election send a message to the entire country of India. This election was not your typical assembly election. Following the Lok Sabha elections, the country's voters clearly gave their consent in the elections of Haryana and Maharashtra. Maharashtra's unexpected and historic triumph.Sitharaman went on to say that Maharashtra's next "double-engine" administration will be more effective in all areas, including AI technology, industry, farmers, investment, and regional development. "I think that the uncertainty brought about by the previous governments, which were led by the Congress and coalition, exhausted the people of Maharashtra and the country. Under the PM's direction, the double engine government will seek to advance while meeting the PR.  

Published 05 Dec 2024 08:33 PM

Election 2024 Live  By 1 pm, voter turnout in Maharashtra was 32.18%, while in Jharkhand, it was 47.92%.

Election 2024 Live By 1 pm, voter turnout in Maharashtra was 32.18%, while in Jharkhand, it was 47.92%.

Election 2024 Live: On Wednesday, by-elections are being held for 15 assembly seats in Uttar Pradesh, Punjab, Kerala, and Uttarakhand in addition to the Maharashtra and Jharkhand legislative assembly elections.Election 2024 Live: On Wednesday, November 20, Maharashtra and Jharkhand will hold assembly elections. All 288 seats in the Legislative Assembly of Maharashtra are up for election in a single phase. But in Jharkhand, where voting for 43 constituencies was held on November 13 with a 64.86 percent voter turnout, polling is being held for the remaining 38 seats. has been is now being is just being is really being is still being is already being is also being has been being is always being is only being was already being will be can be itself is must be would be also is could be may be might be had been is should be being was then is then is now is mostly is really is always is again is sometimes is also is already is further is just is either is first is often gets is only is still is even has already beenBy-elections for 15 assembly seats in Uttar Pradesh, Punjab, Kerala, and Uttarakhand are also taking place on Wednesday in addition to the legislative assembly elections in these two states. Voting in Maharashtra's 288 constituencies began at 7 a.m. and will end at 6 p.m. There are 9,64,85,765 registered voters in Maharashtra, including 1,16,355 service voters. In the entire state, 1,00,186 polling places have been set up by the Election Commission of India (ECI).Since the most recent assembly elections, Maharashtra's political climate has undergone substantial changes. Former allies the BJP and Shiv Sena ran against the Congress and the NCP, led by Sharad Pawar. The Congress, NCP, and Shiv Sena formed the Maha Vikas Aghadi (MVA) coalition after the BJP-Shiv Sena alliance broke up due to disagreements over the chief minister's responsibilities. In contrast, polling in Jharkhand started at 7 am at 14,218 polling places and will run until 5 pm, with the exception of 31 booths, which will close at 4 pm.  

Published 20 Nov 2024 04:53 PM

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Govt proposes exempting certain M&A deals from CCI approval requirement

Govt proposes exempting certain M&A deals from CCI approval requirement

Vaibhav Choukse, Partner & Head - Competition Law at JSA Advocates & Solicitors, said the draft rules enlist certain kinds of M&A (Merger & Acquisition) transactions which will not require approval from the CCI.The government has proposed exempting intra-group transactions and certain other mergers and acquisitions from the requirement of Competition Commission approval, a move that is likely to help in reducing the regulatory burden on the watchdog. Draft rules to exempt certain categories of combinations from the Competition Commission of India (CCI) approval requirement have been issued by the corporate affairs ministry.These include intra-group transactions, certain types of minority and creeping acquisitions, and rights issue as they will not have an impact on the competition in the market, he added. According to him, the rules will replace and modify the existing categories of M&A transactions that are exempt. The rules also modify the affiliate test required to map overlaps between the parties to the M&A transaction. "This will reduce regulatory burden of the CCI as well as provide a big relief to the parties involved in M&As," he added. In September, draft combination regulations were published for public comment but at that time, it did not mention about exempted categories of transaction. Meanwhile, the ministry has also issued draft rules in relation to green channel approvals and 'De Minimis' provisions.  

Published 19 Mar 2024 09:58 PM

Centre moots new exemptions framework for M&A deal reporting to CCI

Centre moots new exemptions framework for M&A deal reporting to CCI

In what is seen as a huge relief for the industry, the Centre proposes to exempt reporting certain notifiable M&A transactions to the Competition Commission of India (CCI). This is expected to reduce the industry’s compliance burden and facilitate ease of doing business. A draft of the Competition Commission of India (exempted combination) Rules 2024 has been issued by the Corporate Affairs Ministry (MCA). Public comments have been invited on the draft Rules by April 10. Commenting on the draft,   Samir Gandhi, Co-founder & Partner, Axiom5Law Chambers said the draft Rules provide a useful framework for evaluating whether certain transactions are exempt from notification to the CCI. “Past practice and interpretations had resulted in some ambiguity in the availability of these exemptions, and the proposed draft exemptions are a step in the right direction to introduce an element of predictability and reduce uncertainty”, Gandhi said.Vaibhav Choukse, Partner & Head - Competition Law, JSA Advocates  & Solicitors, said the draft rules enlist certain kinds of M&A transactions which will not require approval from the Competition Commission of India, including intra-group transactions, certain types of minority and creeping acquisitions, and rights issue as these will not have an impact on the competition in the market. “The rules will replace and modify the existing categories of M&A transactions that are exempt. The rules also modify the affiliate test required to map overlaps between the parties to the M&A transaction”, he added.  

Published 19 Mar 2024 09:57 PM

IndusInd International says impossible to complete RCap acquisition in FY24

IndusInd International says impossible to complete RCap acquisition in FY24

IndusInd International Holdings (IIHL), a Hinduja Group company and the successful resolution applicant for acquisition of Reliance Capital, has said that it will be unable to complete the resolution process in FY24.While IIHL had in December 2023 said it would aim to implement the resolution plan by March 31, 2024, delays in getting the approval from NCLT and other judicial proceedings have now made it impossible to meet this deadline. “You are cognizant of the fact that implementation of the Resolution Plan in totality, especially of the size and scale of Reliance Capital Limited in less than one month and 10 days (from the date of NCLT order), in not only untenable and impractical, but unimaginable. We are sure that you and all the members of the CoC are fully cognizant of this fact,” the company said in a letter to RCap’s administrator on March 12. It also highlighed the fact that despite this being communicated to the CoC (committee of creditors) on several occasions, the agenda for the second meeting of the Monitoring Committee on March 11 had still listed “implementation of the Resolution Plan by March 31” as an agenda item. “The CoC had asked IIHL if they can complete the acquisition by March 31 and make the payment by May 28, 2024 as per the 90-day timeline. However, they have said it will not be possible in FY24 but they should be able to complete it by May,” a source told businessline. IIHL added that it remains committed to implementing the resolution plan in accordance with the NCLT order dated February 27, and within the stipulated timeline. “We therefore once again reiterate that all stakeholders including yourself work jointly and expeditiously in obtaining the approvals remaining from authorities including the IRDAI such that the resolution plan can be implemented at the earliest within the desired time frame,” the letter said.IndusInd International also alleged that despite deciding to circulate the detailed agenda for each upcoming meeting well in advance and no later than 48 hours prior to the meeting, the monitoring committee furnished the information sought and the documents requested “in piece meal and at the last moment”.  “This approach is only adding to the delay in implementation of the Resolution Plan and for which we, at IIHL cannot be held responsible,” it said.  

Published 19 Mar 2024 09:56 PM

Ferrovial arm Cintra to acquire 24% stake in IRB Infra Invit from GIC

Ferrovial arm Cintra to acquire 24% stake in IRB Infra Invit from GIC

The Singaporean investment fund GIC and its affiliates will sell nearly half of their 49 per cent stake in IRB Infrastructure Trust to Cintra, a subsidiary of the Spanish infrastructure giant Ferrovial, according to a statement by IRB Infrastructure Developers (IRB Infra) on Thursday. Cintra, a subsidiary of Ferrovial, has entered into definitive documents to acquire 24 per cent from GIC affiliates in IRB Infrastructure Trust as well as a 24 per cent stake in MMK Toll Road, which is the investment manager of the trust. Completion of the acquisition is subject to the fulfilment of conditions precedent, including receipt of requisite regulatory and third-party approvals,” IRB Infra said. The trust is an infrastructure investment trust (Invit), a special investment vehicle in which IRB Infra holds a 51 per cent stake, and affiliates of GIC hold 49 per cent equity.According to a senior executive and spokesperson for IRB Infra, the deal was planned several months ago. As of March 31, 2023, the trust had assets valued at Rs 18,900 crore, of which Cintra’s eventual stake of 24 per cent would translate into a deal size of Rs 4,600 crore. Since the Invit has added five more assets to its portfolio, an additional amount to the tune of Rs 2,000 crore has been included in the deal, taking the total to approximately Rs 6,590 crore, the executive told Business Standard. “Alongside Cintra and IRB, a leader in Indian road infrastructure, we look forward to our trust developing a greater network of roads and enhancing infrastructure in India. As a long-term global investor, GIC has been investing in India since the 1990s. India remains a key market given its strong economic fundamentals and infrastructure development potential,” a senior executive of GIC was quoted as saying by IRB Infra. The deal is reportedly expected to be completed by the end of April.According to IRB Infra’s exchange filing, 24 per cent of the invested equity in five additional assets amounts to Rs 1,200 crore, along with Rs 860 crore of outstanding equity commitments for projects under development or financial closure.  

Published 19 Mar 2024 09:55 PM

Global deal volume falls by 29% in January-February

Global deal volume falls by 29% in January-February

The sluggishness in the funding environment continues. The number of funding deals across the world fell by a third in the first two months of this calendar year. There are only a few regions that have bucked the trend.Meanwhile, the US reported a fall of 33.8 per cent., followed by the UK at 21.4 per cent., China at 23 per cent and India at 13 per cent. “A total of 6,705 deals, which include mergers and acquisitions, private equity, and venture financing deals, were announced globally during January-February 2024. This reflects a fall of 29 per cent when you compare with 9,465 deals reported in the same period last year,” GlobalData, a data and analytics company, has said.“This year so far seems to be no different from the previous year as deal activity remains sluggish. Deal activity shrank in 2023 compared to 2022, and the declining trend has been continuing in 2024 as well. All the regions and most of the key markets also followed the same trend,” Aurojyoti Bose, Lead Analyst at GlobalData, said. All the deal types under coverage witnessed a year-on-year decline in volumes during January-February 2024.“The number of mergers and acquisitions deals declined by 23.8 per cent during January-February 2024 compared to January-February 2023, whereas the volume of private equity deals and venture financing deals fell by 36.1 per cent and 36.5 per cent YoY, respectively,” he said. South and Central America reported the highest percentage of decline (43.3 per cent) in the number of deals. North America, which continues to top the chart in terms of deal volume, stood second with a fall of 34.4 per cent. While Europe reported a fall of 28.6 per cent in the number of deals reported during the two months, Asia-Pacific registered a drop of 19.6 per cent MEA (Middle East and Africa) 33.1 per cent and South and Central America registered a decline of 43.3 per cent in the number of deals during the period under study.  

Published 19 Mar 2024 09:54 PM

Vice-Chancellor Position Available at Central University; Pay: ₹ 2.10 Lakh

Vice-Chancellor Position Available at Central University; Pay: ₹ 2.10 Lakh

The deadline for registering to apply to be appointed vice-chancellor of Babasaheb Bhim Rao Ambedkar University (BBAU), Lucknow, has been extended by the Ministry of Education. The following websites have the advertisement and the application: https://www.education.gov.in and www.bbau.ac.in.The application form must be submitted by April 14, 2024. The monthly salary for this position is ₹ 2,10,000, plus a ₹ 11,250 Special Allowance in addition to other regular benefits. The terms and conditions outlined in the Act, University statutes, and ordinances will apply to the services. According to the official announcement, "As the head of both the academic and administrative departments, the vice-chancellor is expected to be a visionary who possesses demonstrated leadership qualities, administrative skills, and credentials in teaching and research." A minimum of ten years of experience as a professor in a university system or in a comparable role in a reputable research and/or academic administrative organization are required, as well as an exceptional academic record throughout. Preferably, the applicant shouldn't be older than 65."  The BBAU Act of 1994 established Babasaheb Bhimrao Ambedkar University (BBAU) in Lucknow, a central university. Selection will be based on a list of candidates suggested by a committee established in accordance with the BBAU Act, 1994.  

Published 18 Mar 2024 05:41 PM

"Can Wait" for Cousin Pashmina Roshans First Movie, Ishq Vishk Rebound, Hrithik Roshan

The actor of Koil Mil Gaya, Hrithik Roshan's cousin Pashmina Roshan, is ecstatic about her impending Bollywood debut. After Pashmina Roshan shared a new image of herself with her first movie, Ishq Vishk Rebound, on Monday, Hrithik Roshan acknowledged her. As fate would have it, Pashmina had posted earlier in the day disclosing the movie's premiere date. "Skipping my way into cinemas," is what she wrote as the caption. I'll see you on June 28th, #ishqvishkrebound. Naturally, Hrithik Roshan was one of the first to respond. "Woah Can't Wait!" was written by Hrithik after he reshared Pashmina's most recent Instagram story regarding "Ishq Vishk 2." For those who don't know, Pinky and actor-filmmaker Rakesh Roshan are the parents of Hrithik and Sunaina Roshan. Rajesh Roshan, a music director, is the brother of Rakesh Roshan and is wed to Kanchan Roshan. Eshaan Roshan and Pashmina Roshan are the couple's two children.On Raksha Bandhan of last year, Pashmina posted a few pictures showing various occasions with the Roshan family. Pashmina, her brother Eshaan Roshan, and her cousins, the actors Hrithik and Sunaina Roshan, were all on the carousel. In the photos, we could also make out Suranika Soni, Sunaina Roshan's daughter. Pashmina and Hrithik can be seen posing and flaunting their rakhis in one of the photos. Hrithik looks sharp as usual in jeans and a T-shirt, while Pashmina looks stunning in a blue ethnic suit. Pashmina penned, "Happy Rakhi from me and mine to you and yours," in the caption.

Published 18 Mar 2024 05:37 PM

Biggest AirPods Launch to Date is about to happen at Apple; fourth-generation models will be available later this year.

Biggest AirPods Launch to Date is about to happen at Apple; fourth-generation models will be available later this year.

According to rumors, Apple is reorganizing its AirPods lineup, with the current entry-level Apple earphones being replaced by fourth-generation models. According to reports, the new models will be the largest AirPods release to date and will include a number of enhancements, including a redesigned charging case. Active noise cancellation (ANC), which was previously exclusive to AirPods Pro models, is also apparently coming to one of the two fourth-generation AirPods models. Bloomberg's Mark Gurman confirmed in his most recent Power On newsletter that Apple was preparing two new entry-level AirPods, the fourth generation, to replace the current models, which are the second and third generations. The new models will have a new design, better fit, and USB Type-C charging cases. They are codenamed B768(E) and B768(M), where the E is supposed to stand for "entry" and the M for "mid-tier." Gurman also mentioned that the Find My Speakers feature and ANC will be included in the case of the mid-tier AirPods to assist users in finding their misplaced earphones. Gurman added that foreign vendors are about to begin producing the new line of truly wireless stereo (TWS) earphones, and that Apple suppliers were preparing for the "biggest AirPods launch to date." He stated in the newsletter that "the company is planning to produce 20 million to 25 million units of the earbuds, an increase over prior new models." According to reports, GoerTek and Luxshare will start production in May, and an official release is scheduled for September or October. As previously reported, Apple is expected to release a new AirPods Pro model in 2025 as a follow-up to the fourth-generation AirPods. It is anticipated that the third generation AirPods Pro will feature an upgraded H3 chip, a new earbud design, and enhanced Active Noise Cancellation (ANC). With the release of iOS 18, the Cupertino, California-based company also plans to update its lineup of wireless earphones. In addition to a hearing-test function, AirPods Pro may get a hearing aid mode to assist users with hearing loss. Right now, Apple charges Rs. 12,900 for a set of second-generation AirPods and Rs. 19,900 for a third-generation model. During its "Wonderlust" event in September of last year, Apple updated the AirPods Pro model, which costs Rs. 24,900, by adding a USB Type-C port to the

Published 18 Mar 2024 05:33 PM

Says Chinas Xi, Putins Re-Election Fully Reflects Russian Peoples Support

Says Chinas Xi, Putins Re-Election Fully Reflects Russian Peoples Support

Chinese President Xi Jinping informed his Russian counterpart that his reelection "fully reflects the support of the Russian people" in a congrats letter sent on Monday, according to Beijing's official media. As of Monday, official election data indicated that Putin had received 87.33 percent of all votes cast, with 99 percent of polling places having submitted results, as reported by state news agency RIA. In a presidential election where he had no real competition, Putin achieved a record-breaking win, despite the polls' criticism.Xi addressed Putin, saying, "Your re-election fully reflects the support of the Russian people for you," as reported by state broadcaster CCTV. "In recent years, the Russian people have united as one to overcome challenges and move forward steadily on the road to national development and revitalisation," according to Xi. "I believe that under your leadership, Russia will be able to achieve greater achievements in national development and construction," he stated. "China attaches great importance to the development of China-Russia relations and is willing to maintain close communication with Russia to promote the sustained, healthy, stable and in-depth development of (bilateral ties)," said Xi.bolster relationships According to Russian state news agency TASS, Putin praised Beijing, his important ally, saying he was "sure that in the coming years we will only strengthen and build up our relations and achieve common successes for the benefit of the Chinese and Russian peoples." "The alignment of state interests is the most crucial factor. According to reports, Putin said, "This sets a very good tone for solving common problems in the field of international relations."

Published 18 Mar 2024 05:27 PM

Using text prompts, a ChatGPT-powered chatbot can create AI music.

Using text prompts, a ChatGPT-powered chatbot can create AI music.

With just a brief text prompt, Suno, an artificial intelligence (AI) music generator, can produce original music. When the AI platform went into open beta and started accepting users into its Discord channel to test the model, it was first revealed in July 2023. Eventually, its web interface added the ability for users to create AI music. The platform and Microsoft worked together in December 2023 to add an extension for Copilot that let Chatbot users create songs as well. The Rolling Stones released a report on Sunday that shed light on the company's inner workings and mission. The report claims that Suno only creates original music in response to straightforward text commands. Within a minute of entering the prompt, the AI model creates a song that lasts 15 seconds. Pro and Premier are the platform's two paid tiers. In addition to numerous benefits, paid subscribers receive general commercial rights to the song; free account holders are not permitted to monetize the songs. The less expensive Pro tier currently starts at $10 (about Rs. 830) per month. After testing the Suno web interface, we at Gadgets 360 discovered that it was simple to use and intuitive. We were able to type our prompt and produce original tracks that sounded eerily realistic in a matter of seconds. Our response to the prompt, "A punchy pop song about an AI stuck inside the screen, jealous of real human beings," produced two different renditions of the song "Digital Envy" in less than a minute. You can listen to the generated song here. Suno, however, avoids creating any music that is sung in the manner of a true artist in order to get around the difficult situation. It won't play music when a prompt like that is entered. The AI startup is reportedly in contact with major record labels as well. Suno said that its V3 Alpha model, which it offers to Pro and Premier users, “creates more realistic, authentic music,” was made available to the public on February 23. For free users, only the V1 and V2 models are offered.  

Published 18 Mar 2024 05:22 PM

Regarding Salman Khans debut of his son Arhaan, Arbaaz Khan

Regarding Salman Khans debut of his son Arhaan, Arbaaz Khan

In response to rumors that Salman Khan will launch his son Arhaan Khan, Arbaaz Khan has finally spoken out. During an interview with News18, Arbaaz referred to the reports as mere "rumors." The actor-turned-producer has also disclosed Arhaan's desire to pursue a career in show business. "I don't know," remarked Arbaaz, who is waiting for the release of his next movie, Patna Shuklla. I say that they're still rumors. I have not yet been informed of this news. "It's pretty evident based on his preparations that that's where he wants to be," the Dabangg star continued. He has done other things in addition to attending film school. After graduating from an American film school, Arhaan Khan is currently "preparing himself for his future," according to Arbaaz Khan. "Arhaan is now concentrating on his career," he stated. He's only a young child. This year, he will turn 22. He's getting ready for what lies ahead. He's a really sincere, committed, and hardworking young man. I'm confident that he will succeed as a result of his efforts if everything goes according to plan, he has the right focus, and luck is on his side.Arbaaz Khan went on to say that he has allowed Arhaan to make most of his own decisions regarding his work. "He does discuss things with me and I give him my guidance," stated Arbaaz Khan. I don't want to get in the way too much, though. I don't want to mentor him in a way that prevents him from making mistakes and learning from his own experiences. I don't want to keep him in a bubble or in a protective environment. I want him to experience flying, falling, making mistakes, and learning in order for him to realize how difficult the world can be. "One needs to experience the ups and downs of a twenty- or thirty-year career," the actor said in closing. It won't be all sunshine and roses or easy sailing. I assure him that while he will experience his fair share of upheaval, hardships, and storms, he must persevere through them. I want to prepare him for all of that.”  

Published 18 Mar 2024 05:17 PM

Dates of Lok Sabha Polls Are Forwarded To President Murmu for Awareness

Dates of Lok Sabha Polls Are Forwarded To President Murmu for Awareness

The sources claim that the central government sent President Droupadi Murmu the Election Commission's recommendation on Sunday, starting the process of announcing the dates of the seven-phase Lok Sabha elections. Sources claim that the President should send out the notifications for the various phases based on a recommendation from the Cabinet meeting that took place this morning. "The Cabinet approved to recommend to the President for issuing statutory notifications under sub-section (2) of Section 14 of the Representation of the People Act 1951 from the Parliamentary constituencies for the election of members of the Lok Sabha," according to sources.For the first round of elections in 102 seats, scheduled for April 19, the first notification will be sent out on March 20. With the notification's release, a specific phase of the nomination process gets underway. Notifications would be sent out to kick off the election process to form the Eighteenth House of the People. The Law Ministry drafts a proposal based on the recommendation for the Union Cabinet, which suggests to the President that the notifications for the various phases be approved.The Election Commission released the schedule for the 18th Lok Sabha elections on Saturday. It states that the elections will take place in phases starting on April 19 and ending on June 1. According to the sources, the PM has also instructed the ministers to work with the officers and secretaries of their respective ministries to draft a plan for the first 100 days and the following five years of the new government.  

Published 18 Mar 2024 02:17 AM

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