India News & Trends

Fandom not denim is UNIQLOsnext growth engine in India

Customers flocked to purchase Maggi limited-edition bowls when they were first offered on rapid commerce platforms earlier this year. At one point, social media posts, Instagram reels, and a good dose of nostalgia caused the bowls to run out of supply. While many customers noticed the collector bowls, fewer may be aware that Japanese clothing store UNIQLO also sells T-shirts and tote bags bearing the Maggi name. Is this the only twist? The products cost up to Rs 1,490, in contrast to the bowls, which were included with sales of noodles.The collection is a part of UNIQLO's UTme! platform, an extension of their worldwide UT graphic T-shirt business that emphasizes customization. The company recently opened its first UT Pop-Up at Ambience Mall in Gurgaon, showing everything from anime and Japanese art to local partnerships with artists like Neha Sharma, in an effort to highlight the category and expose more customers to the world of UT. According to Nidhi Rastogi, marketing director of UNIQLO India, "We wanted a lot more people to know about UT and also experience the pop culture aspect of it."The month-long pop-up was intended to do more than just sell T-shirts, according to Rastogi. The experience structure enables the company to highlight the several pillars of UT, such as anime, art, Japanese culture, movies, and character-based partnerships like Peanuts, even though stores are limited by shelf space.It was about establishing an immersive space where consumers could engage with and comprehend UT outside of our physical locations," she continues.  

Published 04 Jun 2026 05:20 PM

Refrain from letting systems rule you Meenakshi Lekhi warns communicators about AI

Reputation management is becoming less about amplification and more about alertness, trust, and strategic judgment as deepfakes, artificial intelligence, misinformation, and real-time media continue to change the communications landscape. Former Minister of State for External Affairs and Culture Meenakshi Lekhi, who gave the keynote talk at the IMAGEXX Summit & Awards 2026 in New Delhi, provided a pertinent analysis of the increasing complexity that modern communicators face.Speaking to a group of PR executives, corporate affairs specialists, and reputation managers, Lekhi made the case that although technology is speeding up information and impact, ethical communication, quality, and trustworthiness remain the cornerstones of reputation. She emphasized the growing role of communications professionals as crucial advisors who help organizations navigate a time when reputational risks can arise and spread at previously unheard-of speeds, as well as as guardians of brand image."The real merit is in the product itself," she stated, highlighting the need of communication experts. It can be difficult to establish a reputation when quality is lacking, but when it is present, it isn't usually emphasized. You are the ones who oversee that as experts and are aware of the framework that requires the good aspects to be emphasized.She emphasized that media outreach and publicity are just two aspects of the communications function. Lekhi asserts that PR specialists are in a unique position to offer strategic criticism that can enhance goods, services, and client interactions. "Your input might enhance quality while you are maintaining your reputation. Because you are closer to understanding stakeholder expectations and customer emotions, you can all contribute to improvising on services, she added.  

Published 03 Jun 2026 09:32 PM

June 2026 JioHotstar New Releases What to Watch This Month

With a program that includes everything from thrilling revenge dramas and epic fantasy battles to international sporting events and beloved returning series, JioHotstar is turning up the heat in June. June's watchlist is jam-packed with reasons to stay in and stream, whether you're waiting for dragons to soar, love tales to reignite, kitchens to erupt into chaos, or cricket and tennis to keep you hooked to the screen. This month, you should be aware of the following:Unsuitable for Work: Currently streaming This witty and realistic drama combines office politics, complex relationships, and a healthy dose of mayhem. This will probably resonate with you if you've ever worked in a job that put your patience to the test. June 4th is the Grand Digital Premiere of Dhurandhar: The Revenge. It's time to stop waiting. With its spectacular action, epic drama, and uncompromising retribution plot, one of the biggest action spectacles of the year makes its digital debut. June 5th, Dhurandhar: The Revenge This action-packed performer is expected to bring drama, emotion, and adrenaline in equal measure following the grand debut. Remember to stream!Afghanistan vs. India One-Off Test, starting on June 6 In a one-time Test match between Afghanistan and India, red-ball cricket takes center stage. There will be a ton of cricketing drama, innumerable battles, and five days. Dridam, June 12th Dridam examines what it takes to persevere in the face of life's most difficult obstacles in this poignant tale of tenacity and resolve. ICC Women's T20 World Cup 2026: starting on June 12 The top women's cricket players in the world gather in England for a tournament where every game counts and every moment has the potential to create history.  

Published 02 Jun 2026 10:54 PM

Taxed to extinction The potential lack of money from the SC gaming ruling

The Supreme Court has dealt a severe blow to the nation's rapidly expanding real-money gambling industry in what is being touted as the most significant corporate tax battle in Indian history. The Supreme Court affirmed that a 28% GST on internet gaming, casinos, and fantasy sports is legitimate. Significantly, the court granted its application retroactively, resurrecting enormous tax demands valued at more than ₹2.5 lakh crore. The decision, which was made by a court that included Justices JB Pardiwala and R Mahadevan, essentially puts an end to years of vigorous legal wrangling by tech companies, industry associations, and gaming firms. The court has significantly changed the financial and operational environment of digital entertainment in India by ruling that online money gaming with monetary bets qualifies as betting and gambling for tax purposes.The Supreme Court deconstructed the industry's fundamental defenses in two distinct but related rulings.The first ruling dealt with petitions by several State Governments against High Court rulings in Kerala, Tamil Nadu, and Karnataka that had previously overturned state-level prohibitions on online money gaming. The Supreme Court upheld the state limits by overturning those rulings.The legal nuance is explained by Sudipta Bhattacharjee, Partner at Khaitan & Co., who represented a number of well-known online gaming and casino companies in this group of cases: "In this first judgment, the validity of the anti-online gaming State laws of Tamil Nadu, Kerala, and Karnataka have been upheld by reading "betting" as something different from "gambling." In order to understand how basic constitutional bench rulings in RMDC and three-judge bench rulings in K.R. Lakshmanan have been handled in the context of online money gaming, it will be important to thoroughly examine this ruling.  

Published 01 Jun 2026 09:16 PM

Siddaramaiah became a member of the CWC

New Delhi: Siddaramaiah, the departing chief minister of Karnataka, was named a member of the Congress Working Committee on Tuesday night by Congress president Mallikarjun Kharge. His appointment occurred just one day before his replacement, DK Shivakumar, took the oath of office as chief minister of Karnataka, indicating the party leadership's desire to make fun of him.Siddaramaiah's record-long tenure of more than eight years across two terms as chief minister came to an end mere days after he resigned. On the eve of DK Shivakumar, his longtime competitor and now-former deputy, taking the oath of office as the new chief minister, he was also appointed as a member of the CWC. Shivakumar and Siddaramaiah engaged in a protracted internal conflict over the position, frequently making subtle jabs at one another.  

Published 03 Jun 2026 09:46 PM

The Supreme Court will now have 37 judges after adding five new members

additional Delhi: The Supreme Court will now have 37 judges, one less than the revised sanctioned strength of 38, with the appointment of five additional judges on Monday.Senior Supreme Court lawyer Venkita Subramani Mohana, Chief Justice Shree Chandrashekhar of the Bombay High Court, Chief Justice Sheel Nagu of the Punjab and Haryana High Court, Chief Justice Sanjeev Sachdeva of the Madhya Pradesh High Court, and Chief Justice Arun Palli of the Jammu and Kashmir and Ladakh High Court have all been promoted as top court judges, according to separate notifications released by the Union Law Ministry's Department of Justice on Monday morning. Last month, the government issued an order that amended a law to boost the supreme court's sanctioned strength from 34 to 38, including the Chief Justice of India. Although there were already two open positions, the apex court now has six open positions after the sanctioned strength was expanded.The nominations were made in four days after the Supreme Court Collegium suggested the five candidates on May 27. PTI  

Published 01 Jun 2026 09:24 PM

Senior Advocate V Mohana is among the five new judges recommended by the Supreme Court Collegium

XFollowing the recent increase in the court's sanctioned strength from 34 to 38 judges, the Supreme Court Collegium, led by the Honorable Chief Justice of India Surya Kant, has proposed the appointment of the five new judges to the highest court. Senior counsel V Mohana and the four Chief Justices of the High Court have contributed to this recommendation. After Justice Indu Malhotra, V Mohana will be the second woman directly selected from the bar to the Supreme Court, making her elevation genuinely historic.The number of Supreme Court judges has increased to 38. The Honorable President recently issued an act expanding the number of Supreme Court judges from 34 to 38. The action was intended to address the Increasing the number of pending cases The burden of judges Quicker case resolution The collegium has suggested the five new appointments to cover the extra openings as a result of this enlargement. The Supreme Court will have 37 judges instead of just 32 if it is accepted, leaving just one vacancy.Which Judges Are Suggested? The following names have been suggested by the collegium: Sheel Nagu, Justice Senior Advocate V. Mohana, Justices Shree Chandrashekhar, Sanjeev Sachdeva, and Arun Palli  

Published 29 May 2026 05:52 PM

The Rajya Sabha Committee on Petitions has appointed Raghav Chadha as its chairman

Rajya Sabha MP Raghav Chadha has been appointed chairman of the Committee on Petitions after the Upper House reconstituted the panel. The move gives the young parliamentarian a significant parliamentary responsibility in India’s legislative framework.The Rajya Sabha Committee on Petitions will now be chaired by Rajya Sabha MP Raghav Chadha. The Upper House reorganized the committee and gave the Raghav Chadha significant legislative authority before making its judgment.After Rajya Sabha head C. P. Radhakrishnan reconstituted the committee, Raghav Chadha was named head of the Committee on Petitions. Chadha now has a significant parliamentary function in managing citizen petitions pertaining to legislative and public policy issues. Parliamentary committees are crucial to democratic accountability and legislative scrutiny, which makes this development significant. One of the key parliamentary committees is the Committee on Petitions, which reviews citizen petitions pertaining to legislation, public complaints, policy issues, and things that need the attention of the Parliament. Among its primary duties are the Examining petitions submitted to the Rajya Sabha Analyzing citizen complaints related to government Suggestions for remedial actions Encouraging public involvement in parliamentary democracy Increasing governance's responsibility The committee serves as the official avenue through which citizens can bring up matters with Parliament directly.  

Published 26 May 2026 05:56 PM

One thing unites Travis Scott and Radhika Merchant: a watch valued at Rs 28 crore.

A luxury watch has unexpectedly become a common link between rapper Travis Scott and Radhika Merchant. Both have been spotted wearing the ultra-rare Richard Mille RM 75-01 Flying Tourbillon Sapphire, a watch reportedly valued at around ₹25–28 crore. Only a handful of pieces are believed to exist worldwide, making it one of the most exclusive timepieces ever produced.The watch features a sapphire crystal case, a flying tourbillon movement, and an intricate skeletonized design that showcases Richard Mille's high-end engineering. Its rarity and craftsmanship have made it a favorite among celebrities, athletes, and ultra-high-net-worth collectors.Radhika Merchant drew attention when she wore the watch during IPL 2026 appearances, while Travis Scott has also been seen sporting the same model. The coincidence has generated considerable buzz on social media, where users noted that the watch costs more than many luxury cars and even some supercars. Radhika Merchant drew attention when she wore the watch during IPL 2026 appearances, while Travis Scott has also been seen sporting the same model. The coincidence has generated considerable buzz on social media, where users noted that the watch costs more than many luxury cars and even some supercars.In short, despite coming from completely different worlds—global hip-hop and Indian business royalty—Travis Scott and Radhika Merchant share a taste for one of the world's rarest and most expensive watches: the Richard Mille RM 75-01 Flying Tourbillon Sapphire, worth approximately ₹28 crore.  

Published 04 Jun 2026 05:36 PM

Peddi movie review and live updates Ram Charan is praised and the movie is expected to launch at Rs 100 cr

Peddi Movie Review and Release LIVE Updates: Buchi Babu Sana's film Peddi marks Ram Charan's return to the big screen. The movie, which also stars Janhvi Kapoor, Shiva Rajkumar, Jagapathi Babu, Boman Irani, and Divyenndu, opens in theaters on Thursday, June 4. Peddi is aiming for a global opening of Rs 100 crore, but it's unclear if the Ram Charan film will be able to do it.Peddi, a sports drama starring Telugu superstar Ram Charan, has finally opened in theaters throughout the world after months of delays. The movie debuted with a splash, with special performances on the evening of June 3 and a global release on June 4. Peddi is a rural action film that portrays the lives of an athlete who struggles for his identity. It is directed by Buchi Babu Sana and stars Janhvi Kapoor, Shiva Rajkumar, Boman Irani, Jagapathi Babu, and Divyenndu. The movie made Rs 9.82 crore in the first few days of advance reservations without block bookings, according to industry tracker Sacnilk. By Wednesday afternoon, the amount had reached Rs 16.66 crore with block bookings. Worldwide, the film has garnered Rs 35 crore gross in advance purchases.  

Published 04 Jun 2026 05:29 PM

On its 25th anniversary Aamir Khan Lagaan will be re-released in theaters the nostalgic teaser charms people over

Lagaan transformed a straightforward game into one of the most captivating tales ever portrayed on the Indian film, long before cricket dramas became popular. Ashutosh Gowariker's Aamir Khan-starring movie will now be re-released in theaters to commemorate its 25th anniversary. Fans are ecstatic after the re-release's teaser was recently released by the creators.Long before cricket dramas gained popularity, Lagaan turned a simple game into one of the most engrossing stories ever seen on Indian cinema. In honor of its 25th anniversary, Ashutosh Gowariker's film starring Aamir Khan will now be rereleased in theaters. Following the producers' recent publication of the teaser for the re-release, fans are overjoyed.Fans were nostalgic after watching the official re-release trailer. It provided a window into the dusty fields of pre-Independence India, where a group of brave locals engaged in a memorable cricket match against British officers. The comments area was inundated with enthusiastic words from fans. A comment said, "All-time best movie ever." Someone else wrote, "Real Cinema Is Back." A fan wrote, "Nostalgia hit, sir." "I couldn't see Lagaan in theaters in 2001," wrote another. greatest regret. Since then, seeing this in a crowded theater has truly been a dream of mine. It will eventually come to pass. A different fan merely said, "This is gold."vThe movie, which takes place in 1893 during the late Victorian period of British colonial control in India, centers on a group of central Indian villagers who are suffering from years of drought and high taxes. When a haughty British Indian Army commander challenges them to a game of cricket, their fortunes drastically change. Their taxes will be waived if they prevail. The villagers must learn the game and overcome overwhelming odds to win because they are not familiar with the sport. Aamir Khan played the lead in Ashutosh Gowariker's 2001 film Lagaan: Once Upon a Time in India. Gracy Singh, Rachel Shelley, Paul Blackthorne, Suhasini Mulay, Kulbhushan Kharbanda, Raghubir Yadav, A. K. Hangal, and a number of others were among the ensemble cast.  

Published 03 Jun 2026 09:39 PM

Salman Khan legal team initiates a lawsuit against Kala Hiran and requests that the movie be removed

Salman Khan's legal team has filed a lawsuit against Kala Hiran: The Battle for Legacy's producers, claiming that the film violates the actor's personality rights. The notification calls for the immediate suspension of the movie's distribution schedule and marketing initiatives, including the removal of advertisements and posters. The notice, which is addressed to casting director Akshay Pandey, threatens more legal action if the demands are not met. The film, which was produced by Amit Jani and directed by Bharat S. Shrinate, is thought to have been inspired by the 1998 Blackbuck case, which has been connected to Khan for many years.Kala Hiran: The Battle for Legacy, according to Khan's legal team, is problematic since it seems to be based on a case that is currently pending before the Rajasthan High Court. The notice claims that the proposed movie violates the actor's personality rights and is defamatory. It further asserts that the creation and promotion of such a project might impede the legal system and compromise Khan's right to a fair trial. Additionally, the notification claims that Salman Khan has never authorized nor permitted the use of his name, likeness, or any incident related to him in the movie. His attorneys have insisted that the filmmakers immediately cease all project-related development, production, and marketing. They have also requested an unqualified written apology from the creators.The legal notification stated that if the filmmakers did not comply with the demands within 24 hours, civil and criminal actions might be started. Producer Amit Jani responded by publicly posting the warning on social media and implying that the action was meant to put pressure on individuals associated with the movie. Jani stood his ground, criticizing what he saw as an attempt at intimidation with quotes from poetry.  

Published 02 Jun 2026 10:59 PM

Axis Bank is Religares pick of the month for March, 10% upside seen at TP of ₹1,185; should you buy?

Domestic brokerage firm Religare Broking has picked Axis Bank as its stock pick of the month for March 2024 with a potential upside seen around 10 per cent. Shares of Axis Bank were on an uptrend and gained around three per cent today as Nifty 50 hit a fresh lifetime high of 22,353.30 on strong macroeconomic indicators.On Friday, March 1, shares of Axis Bank opened at ₹1,074.05 and gained 2.5 per cent to hit an intra day high of ₹1,101.60 against its 52-week high of ₹1,151.50 apiece on the BSE. Shares of Axis Bank settled 2.20 per cent higher at ₹1,099.35 apiece on the BSE. At a current market price (CMP) of ₹1,085, Religare sees a potential upside of 10 per cent on Axis Bank stock at a target price of ₹1,185 from an initiation range of ₹1,080-1,085 and a stop loss of ₹1,030. Religare Broking highlights that in its report that Axis Bank has remained one among the top performer among the private banking majors and we expect the outperformance to continue. ‘’The stock has been in a primary uptrend from last more than eight months, forming series of Higher Highs and lows with gradual rise in volumes. It has formed an elevated base around the 20 weekly EMA which also coincides with rising support trend line,'' said Religare Broking. Following the price action and uptick in volumes indicates the stock to resume its prevailing trend and inch higher to surpass its previous swing high, according to the brokerage. The stock gained marginally (around three per cent) in the previous series with reduction of eight per cent open interest (OI). 98 per cent of the open positions rolled which is same with respect to previously. ‘’OI of 82k contracts as against 89k previously. Decent cash based buying also seen in last three days of February series. With fresh cash accumulation and shorts being trapped, it may witness good short covering,'' said Religare Broking. The bank's net interest income (NII) in the third quarter at ₹12,532, crore, which rose by nine per cent - almost in line with the market estimate of ₹12,555 crore. NII is the difference between interest earned by a bank through loans and interest it pays to depositors. Meanwhile, the net interest margin (NIM) stood at 4.01 percent for the quarter ended on December 31, 2023. Net Interest Margin refers to the difference between the interest income earned and the interest disbursed by a bank in relation to its interest-generating assets such as cash.    

Published 01 Mar 2024 09:35 PM

Potential for any re-rating delayed for Paytm, says UBS; still sees 25% upside in the stock – heres why

Shares of One 97 Communications (Paytm) have witnessed an almost 50 percent drop just in February as investor sentiment turned negative amid the RBI and Paytm Payments Bank Ltd (PPBL) saga.In a recent note, brokerage house UBS said it believes that any potential for a re-rating of Paytm based on profitability improvement has been delayed. It has retained a 'neutral' call on the stock and reduced its target price to ₹510 (from ₹650 earlier). The new target indicates an over 25 percent potential upside. "Paytm's share price has derated significantly post RBI regulatory action and the stock is trading at 1.5x EV to one-year forward consensus sales, nearly an 80 percent discount to its Indian internet peers. Our ₹510 price target implies a 2.4x EV to FY25E sales, which is still a 70 percent discount to Indian internet peers. We believe this is justified as Paytm's growth profile is now much weaker at an 8 percent expected revenue CAGR over FY24-26E, versus Indian peers at a much higher 27 percent. Additionally, Paytm's re-rating potential based on its profitability improvement is now also pushed out and the company's margin profile is much weaker than peers. Furthermore, the loss of investor confidence based on the regulatory action is unlikely to change in a hurry. We believe only sustained execution in the coming quarters can re-build investor confidence which would drive a re-rating," explained the brokerage. The RBI on January 31 directed PPBL to stop accepting deposits or top-ups in customer accounts, wallets, FASTags, and other instruments after February 29, citing large-scale non-compliance with regulations and supervisory concerns. In the latest update, the Reserve Bank of India clarified that non-Paytm Payments Bank Limited (PPBL) linked merchants (85 percent of the total) can continue to function as normal and gave a 15-day extension till 15th March for most PPBL-linked activities. RBI also informed that @paytm UPI handles can be migrated to banks after approval from NPCI. This implies key linkages between Paytm and PPBL will be transferred to other banks via Paytm and also clears the way for Paytm to function as third-party app provider (TPAP), similar to its competitors PhonePe and Google Pay, once NPCI provides approval for the same. Following RBI's latest update, the anticipated negative impacts on Paytm have been alleviated to a considerable extent. Paytm is poised to retain a significant portion of its customer and merchant base pending certain approvals from the National Payments Corporation of India (NPCI). However, UBS anticipates a churn of 15-20 percent in merchants, customers, and devices in Q4 compared to Q3 levels, accompanied by a steep decline of around 60 percent quarter-on-quarter in loan origination. Additionally, it foresees a challenging FY25 with a projected 2 percent revenue decline, attributed to the loss in the wallet business and gradual normalisation in payments and loan origination activities. To regain lost customers, Paytm is expected to escalate its marketing expenditure, leading to heightened EBITDA losses in FY25, consequently prompting adjustments in its EPS estimates.    

Published 01 Mar 2024 09:35 PM

Stock market selloff: Nifty forms Bearish Engulfing; 21,850 next?

Nifty on Wednesday could not sustain early gains and saw heavy selling, as it closed below the psychological mark of 22,000 for the time since February 15. The index formed a Bearish Engulfing pattern on the daily chart, which has a negative connotation.   The silver lining was the index somehow managed to settle above its 21-day EMA on a closing basis. If the index stays below 22,000 level, chances are it may revisit 19,850-800 level, analysts said.“The index dropped below the 22,000 mark, indicating a growing weakness. Nevertheless, it managed to close just above the 21EMA on the daily timeframe. Observing the daily chart, the index has been navigating within a rising channel. A decline below 21,950 could potentially trigger a correction towards 21,800 in the near term,” said Rupak De, Senior Technical Analyst at LKP Securities. For the day, the 50-pack index closed at 21,951.15, down 247.20 points or 1.11 per cent. A sustained Nifty trade above 21,950 might spur a recovery in the index towards 22,100, De added. With the Bearish Engulfing candle, Nifty has given up all the gains of the previous week, said Chandan Taparia of Motilal Oswal Securities. This analyst believes that were the index say below 22000, weakness could be seen towards 21,850, followed by 21,700 levels. Resistances are seen at 22,150 and 22,222 levels, he said.atin Gedia – Technical Research Analyst at Sharekhan said that the index has reached its 20-day moving average of 21,944. He said the broad range of 21,800-22,300 still has not been breached. "The daily as well as hourly momentum indicators have a negative crossover, which  is a sell signal. But prices are still in a range and, hence, a decisive breach below 21,875 i.e. the previous swing low is required to validate the change of trend. The Index is around the crucial support zone 21,900, which is likely to act as a make-or-break level from short term perspective," Gedia said.  

Published 01 Mar 2024 09:34 PM

IIT Kanpur’s 1974 batch pledges Rs 10.11 crore

"The Class of 1974 of the Indian Institute of Technology Kanpur (IIT Kanpur) has committed Rs 10.11 crore to fund a range of institute initiatives. The promise is made as part of the batch's Golden Jubilee Reunion, which will take place from February 23 to February 25, 2024, and will bring together over 80 graduates and their families. ""IIT Kanpur takes great pride in its alumni, and time and time again, our alumni have come together for supporting the growth of their alma mater through various means,"" stated Prof. S Ganesh, Director of IIT Kanpur, in response to the Class of 1974's kind pledge. The Class of 1974's commitment to support greatness at the institute by aiding in its development aligns with a shared goal He continued, ""The 'Batch Legacy Fund' will be used to enhance possibilities for both faculty and students. ""We, the proud alumni of the Class of 1974, are honored to unite and contribute to our cherished alma mater, IIT Kanpur,"" he stated, thanking his classmates for this endeavor and his alma mater, batch coordinator Yogesh Khosla. Our combined support is a testament to our great pride in the organization and our common goal of seeing it succeed moving forward. I would want to sincerely thank everyone of my classmates for their kind cooperation in this project. The Class of 1974's 50th reunion was a happy event full with memories, laughter, and introspection that will live on in the archives of IIT Kanpur, an institution thinkinh said.   IIT Kanpur stated that the ""Class of 1974 Batch Legacy Fund"" will undoubtedly advance learning within its community and expressed its sincere gratitude to the Class of 1974 for their outstanding contribution and steadfast dedication. The researchers from the Indian Institute of Technology Madras (IIT Madras) will present their findings to the students during an open house. The purpose of the event is to give students a forum to interact with professionals and well-known businesspeople. March 2 and March 3 of 2024 will be dedicated to the open house. Shaastra will host IITM for Everyone. A statement on the social media account read, ""IIT Madras is open to all for the first time in 15 years."" "

Published 28 Feb 2024 05:34 PM

AAP must leave its headquarters by June 15th, per a Supreme Court order.

The Aam Aadmi Party of Arvind Kejriwal will have to leave its headquarters, which are located on a plot of land designated for the High Court. The good news is that you still have until June 15 to act. The Supreme Court gave the party a long deadline because of the upcoming Lok Sabha elections, emphasizing that this is an encroachment case. The party may now submit an application for alternative land to the Land and Development Office of the Center.The bench, which included Chief Justice D Y Chandrachud and Justices J B Pardiwala and Manoj Misra, stated, "We would request the L&DO to process the application and communicate its decision within a period of four weeks." The bench continued, "AAP has no legal right to remain on the land." The Delhi High Court was granted land in February to expand its operations and build more courtrooms for the Rouse Avenue location. The court had noticed that the AAP was intruding on this land. When considering a case involving the nation's judicial system, the highest court took notice of the issue.The state government promised at a meeting on February 15 that the plot would be removed in two months if a substitute plot was provided, in response to a court order. However, the situation remained unchanged. According to India's Chief Justice, DY Chandrachud, nobody has the authority to impose law on others. "It is absurd for any political party to sit on it. Every intrusion will be eliminated... The land should be given to the High Court so that it can be utilized by the general public and citizens, Justice Chandrachud stated.

Published 04 Mar 2024 05:31 PM

Article 21: The Constitutions Soul, with Citizens Liberty Supreme

According to the Supreme Court, Article 21 is the essence of the Constitution because it protects citizens' rights to liberty, which are so valuable that a person would lose them if the high court takes too long to decide cases pertaining to it. Amol Vithal Vahile, a prime accused in the murder of a corporator in Maharashtra, was granted bail by the Bombay High Court on January 29 following prodding from the top court, according to a bench of Justices B R Gavai and Sandeep Mehta.In a recent ruling, the bench stated that it is evident that prior to this court's order being issued on January 29, 2024, the high court had dismissed the bail application on one or more grounds rather than considering it on its merits.It goes without saying that Article 21 of the Indian Constitution is its core because it upholds the fundamental right to liberty for all citizens. It stated, "Depriving the party of their precious right guaranteed under Article 21 of the Constitution of India would mean not reaching a quick decision and brushing off the issue on one or the other basis pertaining to a citizen's liberty." The bench stated that it has encountered numerous cases from the Bombay High Court in which the applications for bail and anticipatory bail were not resolved promptly. The bench mentioned one instance where the application for anticipatory bail was pending for over four years. "We have also encountered many cases where the judges find an excuse to reroute the case on unrelated grounds rather than rendering a decision based on the merits of the case. As a result, we ask the chief justice of the Bombay High Court to communicate our request to all judges who have criminal jurisdiction so that the issue of bail and anticipatory bail can be decided as soon as possible," the bench stated.It requested that the Supreme Court's Registrar (Judicial) forward this directive to the High Court's Registrar (Judicial), who will present it to the Bombay High Court's chief justice. The bench stated on January 29 that, despite the fact that Vahile had been detained for more than seven years, on March 30, 2023, the high court had ordered him to appear before the trial court for regular bail.  

Published 02 Mar 2024 06:02 PM

SEA urges Centre to not extend ban on export of de-oiled ricebran

The Solvent Extractors’ Association of India (SEA) has asked the Indian Government to not extend the ban on the export of de-oiled rice bran beyond March 31.In a letter to Piyush Goyal, Union Minister of Commerce and Industry, Consumer Affairs, Food and Public Distribution; and Parshottam Rupala, Union Minister of Fisheries, Animal Husbandry and Dairying; the President of SEA, Ajay Jhunjhunwala, said the total export of de-oiled rice bran constitutes only around 6 per cent of the production. The restriction has adversely affected processors and exporters along with paddy farmers, hindering them from realising better returns on their produce, he said. The government banned the export of de-oiled rice bran in a notification dated July 28, 2023, effective until November 30, 2023. This was further extended till March 31, 2024 in a notification dated December 8, 2023. Stating that processing of ricebran has picked up with the commencement of new season in November, he said availability of de-oiled ricebran has improved. This is evident from the reduction of price from ₹18,000 a tonne on July 28 2023 (the date of issuing notification) to ₹12,500 a tonne at present. Mentioning that the industry benefits from the export of de-oiled rice bran, he said easy clearance of meal leads to sustained processing, leading to better capacity utilisation, continuous oil availability, increased employment, and significant value addition along with valuable foreign exchange. India, which has successfully developed export market for de-oiled rice bran over the last 30 years, primarily serves Vietnam, Thailand, Bangladesh and other Asian countries. “An abrupt change in export policy has given opportunity to our competing countries like Sri Lanka, Bangladesh to capture Vietnam market for de-oiled ricebran and the market will be lost in no time,” he said. Eastern States, including West Bengal, are a significant producer of de-oiled ricebran. Since the cattle feed industry remains underdeveloped in this part of the country, there is limited demand for de-oiled ricebran in eastern India, he said. “The exorbitant local freight charges to move de-oiled ricebran from eastern India to south or west India makes export the principal means of disposal for de-oiled ricebran in the region. Since export is banned, ricebran processors in Eastern India are facing the prospect of shutting down their operations, adversely impacting the rice milling industry and reducing ricebran oil production,” Jhunjhunwala said. Though export restriction on de-oiled ricebran was imposed in July 2023 to ease milk prices, there is almost no reduction in milk prices across the country since this ban, he said. This is because the cost component of de-oiled ricebran in milk price is very nominal. “We are still of the view that continuing this ban will not support reduction in milk prices but will continue to negatively impact the ricebran processors and de-oiled ricebran exporters,” he said, and requested the government not to extend the ban beyond March 31.      

Published 01 Mar 2024 09:45 PM

Government Employees Platform Plans Strike From May 1 Over OPS Demand

A group of Union and state government employees announced they will go on indefinite strike starting on Labour Day (May 1) this year to demand the restoration of the old pension scheme (OPS), The Hindu reported.The Joint Forum For Restoration of Old Pension Scheme (JFROPS), which was described as a platform of trade unions and associations working among Union and state government employees, said it had decided to serve strike notices starting March 19. Under the OPS, which was retired in 2004, retired government employees received half their last-drawn salary every month as a pension. The government concerned would foot the entire amount. The National Pension Scheme (NPS) replaced the OPS and involves the employee contributing 10% of their basic salary and the government contributing 14% into a corpus, which can be invested into different types of funds. How much an employee would receive upon retirement depends on the market return on these investments. Shiv Gopal Mishra, who is convenor of the JFROPS and is among the leaders of a railway workers’ union, told The Hindu that the decision to go on strike was taken after talks with the Union government had broken down. “We held several protests demanding restoration of OPS. We wrote letters to prime minister and finance minister urging them to restore the OPS. We have also been raising this issue in the JCM [joint consultative machinery] meetings, but the government ignored our demands and we are now forced to go on an indefinite strike,” Mishra was quoted as saying.The Hindu also cited government employees’ unions as claiming that ahead of the call for a strike, ballots conducted in various government departments suggested that nearly 100% of employees supported a strike.They have also argued that pensioners were worse off under the NPS because it does not hike pensions on a regular basis in order to correct for inflation. Some state governments have decided to restore the OPS for their employees. But the Reserve Bank of India has said that going back to the OPS would increase governments’ liabilities and put their financial security at risk. The Union government said in parliament in December that it does not plan on restoring the OPS. It has also warned its employees from going on strike before and argued that their right to form associations did not include a guaranteed right to go on strike. When Mishra was asked by The Hindu how the model code of conduct for the general elections would affect their planned strike, he said they wanted the issue to be discussed by the people. “This is an issue that involves lives of crores of people. Let the people discuss and decide on our demands. Even if the model code of conduct comes in picture, the Cabinet will be there, the Cabinet secretary will be there and they can take a decision on our demand,” he told the newspaper. Another employees’ union leader was cited as saying that ‘all unions’ except the pro-government Bharatiya Mazdoor Sangh would take part in their planned strike.  

Published 01 Mar 2024 09:44 PM

A Significant Return for Marc Jacobs Beauty

Luxury makeup brand Marc Jacobs Beauty has officially returned in 2026 after being discontinued in 2021, marking one of the most talked-about beauty industry comebacks of the year. The brand relaunched with an entirely new collection of makeup products, including lipsticks, blush sticks, bronzers, eyeliners, mascaras, eyeshadows, and highlighters. The comeback is being led in partnership with Coty Inc., with products launching online and through Sephora stores.Beauty enthusiasts and industry experts have responded positively to the relaunch. The new collection features playful heart, star, and daisy-inspired packaging while maintaining the bold, high-performance formulas that made the original brand popular. Several products, particularly the Heart On Lipstick, Drawn This Way Eyeliner, and Born Star Eyeshadow, have generated strong demand and early sell-outs.Industry analysts view the return as a strategic move in the premium beauty market, where consumers are increasingly seeking distinctive brands with strong creative identities. Marc Jacobs himself recently described the relaunch as a modern reinvention rather than a revival of the old line, emphasizing individuality and self-expression as the brand's core philosophy.  

Published 04 Jun 2026 06:02 PM

The days of microbladed eyebrows are over but are they reversible

Our eyebrows have seen more changes than any other feature. Brows have seen it all, from the thin, pencil-style brows of the year 2000 to the fuller, laminated look of today. But one thing hasn't changed: if you get your eyebrows correct, half of your appearance is taken care of.Microbladed eyebrows were commonplace for a very long period. Because the fad promised bigger, more natural-looking brows with less daily work, celebrities, influencers, and regular people loved it. For many, it provided a long-term solution for uneven or sparse eyebrows. But beauty trends change quickly, and what was once considered contemporary and attractive is now beginning to feel antiquated. Many people are starting to reconsider their previous microblading decisions as softer, more natural brows become more popular.In essence, microblading is a cosmetic tattooing method in which pigment is manually applied to the skin's surface to simulate eyebrow hair. According to Dr. Ruby Sachdev, an aesthetician and consultant at Gleneagles Hospital in Bengaluru, it became well-liked by those who want larger eyebrows without using makeup every day.  

Published 03 Jun 2026 09:52 PM

Benefits of Sattu Indias first protein beverage

These days, a growing number of individuals are including tasty and nourishing "superfoods" from all over the world in their diets. Imagine those colorful matcha lattes, creamy avocado toasts, delicious chia pudding, quinoa salads, and cool kale smoothies. They are healthy in addition to being aesthetically pleasing. Just a gentle reminder: Is it really necessary to spend a lot of money to maintain your health?No, I believe! Sattu is an ancient superfood from India that is tasty, affordable, and very potent. This adaptable component, which is made from roasted gram flour, has been loved and consumed for more than 3,000 years, particularly in Bihar, Jharkhand, and Uttar Pradesh. Chana sattu, once cherished by diligent farmers for a rapid energy boost, is now widely accepted as a wholesome and organic supplement to contemporary meals nationwide. Let's examine the advantages of sattu powder, how it outperforms the most well-liked protein-rich foods, and why it should be at the top of your diet list before you hurry to try another foreign health craze.A traditional Indian flour produced from roasted barley or chickpeas is called sattu powder. In India, it is a native source of protein. It is a well-liked superfood with several health advantages due to its high protein content. Sattu, sometimes referred to as the "desi protein shake," is high in minerals, fiber, and plant-based protein. It is a popular dish in India that is becoming more and more well-known abroad.  

Published 08 May 2026 06:04 PM

Arjun Rampal If I have to look extremely good, then my go-to is Gabriella’

"The radiant and perfect complexion of Janhvi Kapoor has been unveiled, and the secret to her lovely skin is a homemade face mask. Kapoor bragged about the many health advantages of this concoction, which is made of honey, mashed bananas, curd, orange scrub, and almond oil. Dr. Aanchal Panth shared her thoughts on this celebrity-endorsed skincare product, as social media was ablaze with claims of its efficacy. Let's investigate if giving it a shot is worthwhile. Kapoor began by taking curd and placing it in a bowl with mashed bananas, honey, and an additional layer of malai. After thoroughly blending, she smeared it across her freshly washed face. She then squeezed an orange, rubbed the juice of the fruit over her face, and covered it with the mask. Following the removal of the mask, she applied almond oil beneath her eyes. Dr. Panth elucidated the effectiveness of the mask by pointing out that although it is moisturizing, putting orange directly on the skin is not advised. "This is a good mask that will help with moisturizing, especially if you have dry skin."" She noted that scrubbing orange juice on the face can be extremely irritating to the skin, but that as she used the malai of the curd, the thicker part of it will be even more moisturizing. It may make your skin more vulnerable to UV radiation, particularly if you have dark patches or sensitive skin. Completely avoid this, she continued. Regarding the almond oil, Dr. Panth clarified that it can be used  as well as over the entire face, particularly in light of the damage caused by the orange; it serves as a beneficial moisturizer. The ingredients are broken down as follows: Dear Honey: Being a naturally occurring humectant, it helps the skin stay hydrated and becomes smooth and silky. Additionally, it has antibacterial qualities that enable it to effectively combat bacteria that cause acne and reduce inflammation. Bananas: Potassium, vitamin C, and vitamin E are among the many vitamins and minerals they contain that are rich in and help to hydrate and nourish the skin. Banana enzymes gently exfoliate the skin to reveal a brighter complexion by removing dead cells Lactic acid, which is present in curd, acts as a mild exfoliator to encourage cell turnover and reveal younger-looking skin. It also helps reduce redness and irritation and has moisturizing qualities. Orange: Natural acids found in citrus fruits, such as oranges, can irritate delicate skin, particularly when applied topically. It contains substances that may increase the skin's sensitivity to sunlight, raising the possibility of sunburn and other injury. To lessen the chance of discomfort, dilute orange juice or zest with water or combine it with other calming components before applying it directly to the skin. Almond oil: High in fatty acids and vitamin E, it nourishes and moisturizes the skin, leaving it feeling silky and smooth. It also aids in scar fading. "

Published 28 Feb 2024 05:28 PM

Ek bihari sab pe bhari Virat Kohli gives Vaibhav Sooryavanshi particular recognition

Virat Kohli's heartfelt praise for young Bihar cricketer Vaibhav Sooryavanshi has become one of the most talked-about moments after the IPL 2026 season. Following Royal Challengers Bengaluru's title-winning campaign, Kohli met the 15-year-old sensation and shared words of encouragement that quickly went viral on social media.In a video released by RCB, Kohli advised Vaibhav to stay focused on hard work and self-belief rather than outside opinions. He told the youngster that his success had come through dedication and confidence and urged him to keep aiming higher. The highlight of the conversation was Kohli's special line, "Ek Bihari, sab pe bhari", praising the Bihar-born batter for his remarkable performances throughout IPL 2026. .Vaibhav emerged as one of the biggest stars of the tournament, earning widespread admiration for his fearless batting and maturity at such a young age. His performances attracted praise from former cricketers and fans alike, with many viewing him as one of Indian cricket's brightest future prospects.The interaction between Kohli and Vaibhav was widely appreciated by cricket fans, who saw it as a passing-of-the-torch moment between one of India's greatest batters and a rising teenage talent. Kohli's message of humility, hard work, and self-belief has since been shared extensively across social media platforms.  

Published 04 Jun 2026 05:53 PM

Virat Kohli changes once more incorporating elements of Abhishek and Sooryavanshi into his game

The cameras showed Kohli putting his arm over Sooryavanshi's shoulder and conversing with him for several minutes. Although the topic of the talk is unknown, rest assured that Sooryavanshi returned home much wealthier than he would have if he had only received a few honors. Less than a day has passed since Sooryavanshi was recommended for Test cricket by none other than the great Sachin Tendulkar. He had also complimented his batting style earlier.It is important to note that earlier in the 2026 IPL season, Kohli signed Sooryavanshi's cap and gave him an autograph after the left-handed hitter destroyed the RCB bowlers all over the field during the match at the Barsapara Stadium in Guwahati.Sooryavanshi won five awards when the IPL 2026 concluded. The 15-year-old was named Super Striker, Super Sixes of the Season, Orange Cap, Emerging Player of the Season, and Most Valuable Player. Sooryavanshi broke Chris Gayle's record for the most maximums in a single IPL season with 72 sixes during the 19th T20 competition. In the competition, he also became the fastest Indian to reach 1000 runs. In addition, he became the youngest player in the tournament to hit 1000 runs, surpassing Rishabh Pant.Sooryavanshi acknowledged that he would need to improve his fitness going forward if he wanted to have a lengthy career after receiving so many honors. "I need to improve my fitness if I want to avoid getting hurt. Everyone is really encouraging. In an interview with Ravi Shastri, Sooryavanshi stated, "Everyone supports me, including the senior players and support staff. It's a good atmosphere." Master Blaster Sachin Tendulkar has praised Sooryavanshi as well. According to the renowned Indian hitter, the young player possesses all the necessary skills to participate in the game's longest format.In relation to Sooryavanshi, the next tri-series in Sri Lanka will include him. The left-hander will play for India A against Afghanistan A and Sri Lanka A.In relation to Sooryavanshi, the next tri-series in Sri Lanka will include him. The left-hander will play for India A against Afghanistan A and Sri Lanka A.    

Published 02 Jun 2026 10:57 PM

For the first time in an IPL season Indian hitters outpace foreign batters

IPL 2026 had the highest batting strike rate of any season at 156.34. For the first time in an IPL season, Indian hitters (157.10) scored more runs than foreign batters (154.71). 237.30 strike rate, 776 runs, and 72 sixes In an IPL season, Vaibhav Sooryavanshi became just the second hitter to score the most runs, hit the most sixes, and have the greatest strike rate (minimum 50 balls faced). Like Sooryavanshi, Chris Gayle was named Most Valuable Player in 2011.In the previous nine seasons, none of the highest run-scorers were among the top 15 strike rates in that season. The difference between Sooryavanshi's IPL 2026 run total and the next highest total for a batsman with a strike rate of 235 or more in any IPL season (Romario Shepherd's 70 runs in 2025) is 706 runs. IPL 2026 saw 65 totals of 200 or more, the highest in a T20 competition and 13 more than the previous record of 52 in IPL 2025. Individual teams also set new records in IPL 2026: Sunrisers Hyderabad (SRH), Punjab Kings (PBKS), Royal Challengers Bengaluru (RCB), and Rajasthan Royals (RR) all scored nine runs of 200 or more, the most in a Twenty20 competition.In terms of bowling, PBKS and RR gave up 200-plus totals nine times, which is also the most in a Twenty20 competition. IPL 2026 saw the highest number of sixes struck in a season, 1426, up 10.2% from the previous record of 1294 sixes in 2025. Thanks to 72 sixes from Sooryavanshi, who established the individual record for most sixes in a T20 competition, RR struck 181 sixes, the most of any team in a T20 event.  

Published 01 Jun 2026 09:34 PM

Ramakrishna Ghoshs injury has been replaced by Macneil Noronha.

Macneil Noronha, an all-rounder from Karnataka who recently won the MA Chidambaram Trophy at the Naman awards for being the highest run-getter in the 2024/25 Colonel CK Nayudu Trophy, will join Chennai Super Kings (CSK) for INR 30 lakh as a replacement for Ramakrishna Ghosh, who injured his right foot during their game against Mumbai Indians on May 3rd and is out for the season. He will not play this season.Macneil Noronha will take Ghosh's place at CSK for INR 30 lakh.Noronha, a Karnataka all-rounder, has won the MA Chidambaram Trophy at the Naman Awards for scoring the most runs in the Colonel CK Nayudu Trophy for 2024–2025. Noronha was called up by the Karnataka team for the Syed Mushtaq Ali Trophy after an outstanding season, and he played in three games for his state.For the remainder of the 2026 Indian Premier League season, the Chennai Super Kings have selected Karnataka all-rounder Macneil Noronha to replace injured uncapped player Ramakrishna Ghosh.He was called up to Karnataka's Syed Mushtaq Ali Trophy squad as a result of his domestic achievements, and he played in three games. Noronha made an impressive 34 off 21 deliveries in his most recent match against Tripura in December 2025. He also contributed a wicket. The move comes after Ghosh was sidelined for the rest of the season due to a right foot injury he sustained during Chennai's match against Mumbai Indians on May 3. Ghosh had just made his eagerly anticipated IPL debut in that match, contributing to Chennai's decisive eight-wicket victory. Introduced into the attack in a high-pressure match, the young player returned figures of 1 for 24 from his three overs, taking the crucial wicket of Suryakumar Yadav, who had looked dangerous after reaching 21 off just 12 balls. In that match, Ghosh made his eagerly anticipated IPL debut and contributed to Chennai's convincing eight-wicket victory. The youthful player, who was brought into the attack in a high-stress match, recorded figures of 1 for 24 from his three overs, taking the crucial wicket of Suryakumar Yadav, who had appeared dangerous after reaching 21 off only 12 balls.Chennai will be hoping that Noronha will offer valuable depth as they continue to strive for a play-off position in spite of the setback.  

Published 13 May 2026 05:46 PM

Naveen Patnaiks full-circle moment: The former chief minister uses his old strategy to oppose the BJP

Former Odisha Chief Minister and current Leader of the Opposition, Naveen Patnaik, is once again relying on a strategy that defined much of his 24-year tenure—positioning himself as the defender of Odisha’s interests against decisions taken by the Centre. After losing power to the BJP in 2024, Patnaik has increasingly focused on state-centric issues such as delimitation, parliamentary representation, the Mahanadi water dispute, and law-and-order concerns to challenge the BJP government in Odisha. Political observers describe this as a “full-circle moment” because Patnaik used a similar approach in the past to build and strengthen the Biju Janata Dal. By emphasizing Odisha’s regional identity and portraying himself as the protector of the state's interests, he successfully maintained political dominance for over two decades. Now, as the BJP governs Odisha under Chief Minister Mohan Charan Majhi, Patnaik appears to be reviving the same formula from the opposition benches. In recent weeks, Patnaik has criticized the BJP government over the handling of the Mahanadi river dispute, expressed concerns about proposals that could reduce Odisha’s representation in Parliament, and raised questions about governance and public safety. These interventions indicate a shift from his traditionally restrained style toward a more active opposition role aimed at reconnecting with voters and rebuilding the BJD’s political momentum.   

Published 04 Jun 2026 05:44 PM

Chor Chor To Eggs, Stones The Story Of Abhishek Banerjees Attack

Former West Bengal chief minister Mamata Banerjee claimed at 11 p.m. outside Kolkata's Belle Vue Clinic that police and the ruling BJP were threatening doctors to refuse to admit her nephew Abhishek Banerjee, hours after he was heckled, thrown eggs, shoes, stones, and slushy mud at Sonarpur during his first public appearance since the party's election defeat in the state.On Saturday, Abhishek Banerjee went to see the relatives of TMC employees who had reportedly perished in violence during the election. Around 1:30 pm, he arrived at the home of TMC MLA Kunal Ghosh in Beleghata, where the relatives of Biswajit Pattanayak, a victim of reported post-election violence, were summoned to meet him. A group of CID officers and a videographer arrived at Abhishek Banerjee's home around eight kilometers distant to deliver a notice regarding the purported Vidhan Sabha signature scam. The CID was notified by his protection that he was not at home. Meanwhile, he posted on Twitter, saying, "Today, I visited the family of Biswajit Pattanayak in Beleghata. "Abhishek Banerjee received an in-person notice from the CID team at 2:22 pm to appear before the investigative agency headquarters at Bhawani Bhavan on Monday at 12 pm regarding the TMC MLAs signature scandal inquiry. After that, Abhishek Banerjee traveled to the South 24 Parganas district's Sonarpur. When BJP members were spotted getting ready for protests nearby, the three-term MP from Diamond Harbour, which is in the same district, had not yet arrived at his destination. At some areas, black flags were visible, and demonstrators were shouting "go back" chants.In Sonarpur, groups of women also congregated at various locations. They joined in shouting identical slogans, however they were observed wielding eggs rather than black flags. As the convoy went through the neighborhood, these eggs were thrown at Abhishek Banerjee and his teammates.  

Published 03 Jun 2026 09:47 PM

Why the BJP benefits from the Himachal vote results despite Chief Minister Sukhu appeal for local factors

The BJP's win in three of the state's four municipal corporation elections has given the opposition a lift and a chance to test its narrative against the ruling Congress government with just a year until the 2027 Himachal Pradesh Assembly elections. The BJP's assertion that public opinion is shifting against the Sukhvinder Singh Sukhu-led government has been strengthened by the results, which are the first significant urban electoral verdict for the Congress since the party regained power in the hill state in 2022. The Himachal Pradesh urban local body (ULB) election results were advantageous to the Bharatiya Janata Party (BJP) since it won direct, party-symbol-driven municipal elections. The BJP presented the victories as a popular vote on his state government, while Chief Minister Sukhvinder Singh Sukhu blamed these defeats on "local factors" and significant Congress support in village panchayats.  

Published 02 Jun 2026 11:05 PM

Arun Lakhani a Pawars related Maharashtra BJP candidate for MLC Who is he

After the BJP nominated him from the Wardha-Chandrapur-Gadchiroli Local Authorities constituency for the June 18 state MLC elections, Nagpur-based industrialist and BJP leader Arun Lakhani became the focus of political discourse. In addition to holding a prominent position in the Maharashtra BJP and being close to Chief Minister Devendra Fadnavis and Union Minister Nitin Gadkari, Lakhani will soon be related to NCP (SP) MP Supriya Sule. Due to his son Sarang Lakhani's engagement to Sule's daughter Revati, his candidacy has drawn interest from both parties.Because Lakhani is not from any of the three districts that comprise the seat, his nomination has also generated controversy. The BJP's decision to nominate a candidate who is seen as an outsider has raised concerns because the seat has always been represented by figures with deep ties to Wardha, Chandrapur, or Gadchiroli.But Lakhani is a well-known figure in the BJP. He has a long history with the Maharashtra BJP and serves as its co-treasurer. His selection is thought to have been influenced by his social activities in Vidarbha, his work in the infrastructure industry, and his close relations to the BJP leadership, which includes both Gadkari and Fadnavis.Before going into business, Lakhani, who was born in Malkapur in the Buldhana district, studied petrochemical engineering. He is the Chairman and Managing Director of Vishvaraj Environment Ltd., a business that deals with road construction, wastewater treatment, and water delivery.Lakhani is best known for the Nagpur 24x7 water delivery project, which was one of the first significant initiatives in India to use a public-private partnership (PPP) model to offer municipal water around-the-clock.  

Published 01 Jun 2026 09:26 PM

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At MWC 2024, brands show the future of connected cars and aerial mobility

While Wireless and Mobile technologies took centerstage at the just concluded Mobile World Congress in Barcelona, there was also some spotlight at the connected cars and aerial mobility at arguably the world’s most important consumer tech show. The Smart Mobility Summit at MWC brought together industry leaders from both established automotive and drone companies, along with tech pioneers. The transportation and travel sectors face a dual challenge — increasing capacity and reducing emissions. Embracing digital transformation is crucial to overcoming these hurdles, paving the way for substantial growth in both connected cars and aerial mobility. And this transformation was the key topic of discussion among the industry executives who gathered at the summit. The aerial mobility market is expected to reach $68.1 billion by 2032, growing at 35.2 per cent annually. Connected car drivers in the US alone are projected to increase by 15.5 per cent by 2027, reaching 174.8 million. Mobile network technologies like 5G and network slicing enable new features like autonomous driving, piloting, and C-V2X communication. Additionally, the growing availability of technologies like 4G and LPWA lays the foundation for reliable, always-on connectivity for transportation networks. The discussions were also important because deploying connected transportation solutions varies by region and requires a deep understanding of available networks and technologies. Given that the MWC saw attendance of industry veterans from different parts of the world, they could share knowledge and discuss smart solutions relevant to them. Led by industry leaders and experts, the summit covered topics such as enhancing cars with new connected features, recent advancements and challenges in smart drones, and mid-to-long-term transformation, including the role of new network technologies, electrification, and the use of teleoperation and digital twins. The Smart Mobility Summit also presented a unique opportunity to industry veterans to connect with key players who are shaping the future of mobility.  

Published 01 Mar 2024 09:43 PM

Realme 12 5G, Realme 12+ 5G pre-orders begin in India. Launch date, pre-order benefits and more

Realme has confirmed that its  Realme 12 5G smartphone will also make its debut in India alongside Realme 12+ 5G  on March 6. The Chinese smartphone maker has also opened pre-orders for the Realme 12 series from today with a promise of availing limited time benefits of up to ₹ 3,000. The Realme 12 5G and Realme 12+ 5G can be pre-ordered by going to Amazon, Realme's official website and mainline stores. The two devices will be availabe to pre-order from 2pm onwards on February 29 and will go on till March 5. Meanwhile, the Realme 12 5G series will go on sale from  3:00 pm from March 6th onwards and will be available with limited offers till March 10th. Customers pre-ordering the Realme 12+ 5G are eligible for a ₹1,000 bank offer and ₹1,000 price offer on the  8GB RAM/128GB storage variant and ₹1,000 bank offer on the 8GB RAM/256 GB storage variant. Furthermore, customers will also be entitled to 1 year of complete mobile protection on Flipkart and 1 year of screen damage protection on the Realme website. Meanwhile, customers pre-ordering the 6GB RAM/128GB storage variant of the Realme 12 5G are eligible for a coupon of ₹2,000 coupon and customers pre-ordering the 8GB RAM/128GB storage variant are entitled to a ₹1,000 coupon. Apart from this, Realme is also offering the same 1 year of mobile protection and 1 year of screen damage protection as the Realme 12+ 5G. Realme had earlier also confirmed that the upcoming Realme 12+ 5G will be powered by the MediaTek Dimensity 7050 chipset and will sport a 50MP Sony LYT 600 primary sensor with support for optical image stabilization and up to 2x in sensor zoom. Realme 12+ 5G is also confirmed to come with a 120Hz AMOLED panel which will come with the latest Rainwater Smart Touch feature which will help users take advantage of their smartphone even with wet or dry hands.    

Published 01 Mar 2024 09:42 PM

OnePlus 12R Genshin Impact edition launched in India: Price, specs, launch offers and everything you should know

OnePlus has launched a Genshin Impact Edition of the OnePlus 12R, which brings a host of design and UI changes to the smartphone based on the popular mobile game from miHoYo. The smartphone was unveiled at the Mobile World Congress in Barcelona, Spain and will be available in India and other global markets from next month. The latest OnePlus 12R Genshin Impact edition is priced at ₹49,999 for the 16GB RAM/256GB storage variant. In contrast, the standard OnePlus 12R is priced at ₹45,999 for the same RAM and storage configurations, while the 8GB RAM/128GB storage variant is priced at ₹39,999. The latest OnePlus smartphone will go on sale from March 19 and will be available on Amazon, OnePlus.in and select OnePlus Experience Stores from March 19. The OnePlus 12R Genshin Impact Edition can be purchased at a discount of ₹1,000 using the OneCard, while an exchange bonus of ₹3,000 is also available on the purchase of the new smartphone. The OnePlus 12R Genshin Impact Edition comes with numerous design changes inspired by the character of Keqing and is available in the only 'Electro Violet' colour variant with the word Keqing inscribed on the bottom of the smartphone. The smartphone comes in a collectible gift box with a special Keqing themed case, a customised charging cable and adapter, and a distinctive Lighting Stiletto design on the SIM tray. OnePlus is also bringing many UI changes with the OnePlus 12R Genshin Impact Edition, including a special charging animation, live wallpaper and Always On Display elements. The phone's hardware remains the same as the usual OnePlus 12R, including a 6.78-inch AMOLED ProXDR display with support for LTPO4.0 and the Qualcomm Snapdragon 8 Gen 2 chipset underneath. The smartphone is paired with the Adreno 740 GPU to handle any graphics-intensive tasks, and comes with a massive 5,500mAh battery that can be fast-charged via the 100W SUPERVOOC charger provided inside the box. In terms of optics, the phone houses a 50MP Sony IMX890 primary sensor with support for OIS and EIS, an 8MP ultra-wide-angle lens and a 2MP macro lens. There is also a 16MP front-facing camera on the smartphone to meet all the selfie and video calling needs. The camera app on the OnePlus 12R comes with a host of features including Interval Shooting, Nightscape, Hi-Res Mode, Pro Mode, Movie Mode, Ultra Steady Mode, Dual View Video, Portrait Mode, Video Portrait, Pano, Macro, Slo-mo, Time Lapse, Long Exposure, Text Scanner and more.  

Published 01 Mar 2024 09:42 PM

Hyundai eyeing monthly Creta sales of 16,000 units with introduction of N Line version

Hyundai Motor India is aiming to sell almost 16,000 units of the Creta every month with the introduction of the N Line version, according to a senior company official.Already the mid-size SUV segment leader, the Creta clocked wholesales of 13,212 units in January and 15,276 units in February, the best-ever monthly sales recorded by the vehicle since its inception in India in 2015. "With N Line, the Creta volume is going to be around 15,000-16,000 units," Hyundai's Chief Operating Officer Tarun Garg said during the February 2024 sales call. "We feel that the Creta N Line will be a very strong product for us, considering the profile of young Indian customers. It will have a dynamic driving experience. It will also be unique in terms of people wanting a customised car. The Creta N Line will provide that kind of feeling," he added. Regarding the response to the Creta, Garg said it has already garnered 75,000 bookings with the petrol variants receiving 57% of bookings and 43% going for the diesel. Depending on the variant, the waiting period on the Creta is from 8-24 weeks. It is slightly higher for the diesel automatic variants.Garg also pointed out that the demand continued to be robust for top variants of the Creta with the entry-level variants witnessing less than 10% of the bookings. Overall, Hyundai has 97,000 pending bookings with almost 50% in favour of Creta. Apart from the Creta, Hyundai sells SUVs like the Exter, Venue, Venue N Line, Alcazar, Tucson, Kona Electric and Ioniq 5. "This year, we are looking at a 65% contribution to our domestic volume from SUVs. We have started on a very strong note and are already close to 67% during the first two months. For the industry, the SUV share was 52% for January and February combined," Garg said. Hyundai recorded its highest-ever annual volume in the domestic market in 2023 at 602,111 units with the SUV segment contributing 60%.In February, the company sold 50,201 units in the domestic market with the rural areas making up over 20% of the volume for the first time. "The rural penetration crossed 20% for the first time in the history of Hyundai in February. Before that, we were hovering around 17-18-19%. The rural market is slowly becoming a very strong contributor to the company's volume," Garg observed. Terming the company's current inventory level as 'optimum', he said: "We are on an inventory of three weeks. Our inventory is around 40,500 units."  

Published 01 Mar 2024 09:40 PM

BYD’s Yangwang U9: New electric supercar rivals Ferrari, Lamborghini with 1,287 BHP

Chinese electric vehicle (EV) manufacturing company BYD has globally unveiled its latest creation, the Yangwang U9. This new electric supercar is set to challenge established brands like Ferrari and Lamborghini. The U9 is priced at 1,680,000 yuan ($233,400), making it a competitive option in the supercar market.Yangwang is BYD’s recently launched sub-brand. The unveiling of the U9 supercar and the U8 off-road SUV marked the brand’s debut. The U8 has already hit the Chinese market, retailing for around $140,000 and competing with the Mercedes-Benz G-Class and Land Rover Defender.The U9 supercar boasts dimensions similar to the Lamborghini Aventador, measuring 4,966 mm in length, 2,029 mm in width, and 1,295 mm in height. It’s powered by four electric motors, delivering a total power output of 1,287 BHP and 1,680 Nm. This allows the U9 to accelerate from 0-62 mph in just 2.36 seconds.While BYD has yet to release the exact range of the U9, the company claims that its 800V architecture allows for fast charging from 30% to 80% in just 10 minutes. This quick charging capability could be a game-changer in the EV market.The U9 is equipped with 12 sets of multifunctional aerodynamic kits, an active diffuser, a 4-step adjustable rear wing, and a first-of-its-kind “self-developed racing assistant” covering 30 tracks across China. These features enhance the driving experience and performance of the U9.Inside, the U9 features three screens: a 10.25-inch digital instrument cluster, a 12.3-inch central infotainment unit, and a 10.25-inch passenger screen. These high-tech features provide a luxurious and interactive experience for both the driver and passengers.  

Published 01 Mar 2024 09:40 PM

Mahindra Thar Earth edition launched, price starts at Rs 15.40 lakh

Homegrown SUV major Mahindra & Mahindra has launched the Thar Earth edition at a starting price of Rs 15.40 lakh (ex-showroom). This special edition model is being offered in both petrol and diesel options with manual and automatic transmission choices in the top-spec LX Hard Top 4x4 variant.The Thar Earth edition gets a 2.0-litre mStallion 150 TGDi petrol engine (150bhp/320Nm) and a 2.2-litre mHawk 130 CRDe diesel engine (130bhp/300Nm). The transmission options include 6-speed MT and 6-speed AT. While 4WD is standard in the Thar Earth edition, there is no option for RWD. The Thar Earth edition is being offered in a satin matte 'Desert Fury' finish. There are dune-inspired decals on the doors and rear fender with silver alloys and matte black badges. You find 'Earth Edition' badge on the B-pillars.The interior of the Thar Earth edition is inspired by dunes, having a black coloured base and light beige accents. You get beige leatherette seats, featuring dune designs on the headrests. The cabin is further enhanced with 'Desert Fury' inserts on the AC vents, steering wheel, centre console accent and the Thar branding on doors. Each of the Thar Earth edition SUVs will come with a unique numbered decorative VIN plate starting with serial number 1.    

Published 01 Mar 2024 09:39 PM

Govt Very Much With Startups, Fintechs: FM Sitharaman

Finance Minister Nirmala Sitharaman on Wednesday assured the startup community of the central government's unwavering support amidst regulatory scrutiny faced by some of the country's leading startups in recent times.Addressing concerns raised by startups, particularly in the Fintech sector, during a media event in Bengaluru, Sitharaman stressed the importance of regular support and clarifications from regulators to facilitate innovation without being bogged down by governance and compliance issues. Sitharaman revealed that she had a meeting with combined representatives of many startups a “couple of days ago” to understand the concerns after they wrote a letter to the FM. She acknowledged the anxieties expressed by startups during a recent interaction and said, “I’ve had an interaction with startups, particularly the Fintech ones, to understand with what anxiety they wrote that letter to me. It was a fantastic conversation.” She said that there was a need for startups to have dedicated support teams for compliance matters, ensuring that innovation efforts remain unhindered. “I was very glad they voiced the concerns and they may indirectly come out of what is happening. But the regulators were all there with me and they have really understood and they've connected with them,” Sitharaman remarked. “Let me be upfront and say the concerns were not emanating from Paytm’s issues. It was more on regular support that they may need from the regulators, clarifications, which are periodically required, because their core business is not governance and compliance related issues,” she added.It is believed that this meeting had happened in the wake of the RBI’s action against Paytm Payments Bank, which has heightened attention on regulatory compliance within the fintech startups in India. The meeting saw representatives from various prominent entities in both the private and public sectors in attendance. Among those representing the private sector were individuals from notable companies such as Policybazaar, MakeMyTrip, Razorpay, PhonePe, Google Pay, Amazon Pay, CRED and venture capital firm PeakXV. Additionally, key figures from the public sector, including SBI Chairman Dinesh Khara and officials from NPCI, Canara Bank and Bank of Baroda, were reportedly also present. During the Bengaluru event, the Finance Minister said she had proposed practical solutions to address startup concerns, suggesting monthly virtual conferences with regulators like the Reserve Bank of India (RBI). Sitharaman said, “I did tell the RBI that once in a month on a dedicated day, they should do a virtual conference with startups, particularly Fintechs, so that they can answer questions and after that put that as a FAQ, so that others who did not attend, can (still) benefit from it.” Sitharaman reassured startups that the government stands firmly behind them and said, “The government is very much with these startups. We want you to be assured that you will be given all assistance." She ended by stressing on the need to simplify compliances and provide necessary assistance to ensure a conducive environment for startups to thrive. Earlier on Wednesday, The Reserve Bank of India (RBI) introduced an elaborate framework for a 'regulatory sandbox,' aimed at creating a secure environment for emerging fintech startups to experiment with their product ideas before launching them in the market. In a statement issued by RBI, the central bank said that a sandbox setup will enable regulatory authorities to collaborate with startups and formulate regulations that foster innovation, thereby facilitating the provision of cost-effective financial products. The oversight of this sandbox initiative will be under the purview of the fintech division within the RBI.   

Published 01 Mar 2024 09:39 PM

BJP can win ‘double digit’ number in Kerala if…: Shashi Tharoor crunches number ahead of Lok Sabha polls 2024

Mocking BJP's claim that it will secure seats in double digits in Kerala in the upcoming Lok Sabha polls, Shashi Tharoor stated on Wednesday, that the only way they could achieve a ‘double digit’ in Kerala would be by obtaining two zeros."Otherwise, there is only one digit coming the BJP's way in Kerala, and that is zero," Tharoor told media. Prime Minister Narendra Modi, during his speech at the BJP meeting in the state, urged voters to vote for the saffron party so that it can win double digits in the upcoming Lok Sabha polls 2024. Commenting on the claim, Thiruvananthapuram MP told ANI, “"I don't think the BJP is going to win a single seat in Kerala. Their strongest performance has always been in Thiruvananthapuram... I am not expecting that they will be anything better than that this time around either. Everywhere else, we have strong candidates." The Thiruvananthapuram MP cited that BJP's reach in Kerala is limited as the saffron party is yet to understand the culture and history of the state. He adds, "I think the BJP's support base is limited in our state. Their kind of appeal is based on Hindutva, Hindi, Hindu and Hindustan- their kind of message does not fly very well here in Kerala." Noting that people of different faiths cohabit peacefully, he said, as reported by PTI, "We have had more than 2,000 years of living together. Our relationship with each other is one of welcome and acceptance," Tharoor said. Kerala welcomed Jews when they came here after the destruction of the First Temple by the Babylonians, which is about 500 years before Christ was born.“Today, Jews tell me this is the only Jewish Diaspora that never knew a single instance of anti-Semitic persecution in the world." On the Christian and the Muslim community in the state, he added, “Similarly, Christianity came with St Thomas, St Thomas of the apostles, it was again welcomed and spread. Then we had Islam coming, not by the sword." “You see, the problem in the north is that they think their history is the only history. We have traders from the Arab world coming to Kerala centuries before the Prophet, and they brought the message of the Prophet as news from their peninsula"  

Published 01 Mar 2024 09:38 PM

Rajya Sabha Election 2024: Congress seeks disqualification of 6 MLAs who cross-voted, say sources

Rajya Sabha Election 2024: The Congress party has moved Himachal Pradesh Speaker seeking disqualification of six rebel MLAs who cross-voted on Tuesday, according to sources.The move comes a day after these six MLAs cross-voted and helped BJP candidate Harsh Mahajan win a Rajya Sabha seat from the hill state. Congress is in power in Himachal Pradesh and has 40 MLAs, besides the support of three independent MLAs, in the 68-member house. Despite the numbers, the Congress candidate Abhishek Manu Singhvi lost the Rajya Sabha seat. Singhvi conceded his defeat and 'thanked' the MLAs who cross-voted leading to the victory of Harsh Mahajan. Victory tilted towards Mahajan after a draw of lots was held as a tie-breaker. "I would also like to thank the nine persons (MLAs) because they have taught me a lot about human nature, its fickleness or its resoluteness. They supped with us...So, I think we are bad judges of human character, they are obviously better judges of human character," he said.The cross-voting by the MLAs has left the state government in crisis with the Opposition BJP claiming that the Congress government has lost the majority in the house. Seeking disqualification of rebel MLAs is seen as ruling party's move to save its government. Himachal Pradesh Assembly Speaker Kuldeep Singh Pathania met Governor Shiv Pratap Shukla at Raj Bhavan on Wednesday amid political upheavals in the state. The development comes amid a buzz over the BJP bringing a motion of no-confidence in the assembly against the Congress government in the state during the state's Budget Session which is set to begin today. The Congress has 40 MLAs while the BJP has 25 in the 68-member Himachal Pradesh state assembly. The remaining three seats are held by independents.  

Published 01 Mar 2024 09:38 PM

India’s emergence as chip manufacturing hub no longer a distant dream, say experts

Marking a big milestone in India’s decades-old dream of becoming a semiconductor nation, the Centre has approved the proposal for India’s first commercial chip fabrication plant. The development comes two years, two months and 14 days after the government introduced the programme for the Development of Semiconductors and Display Manufacturing Ecosystem in India with a total outlay of Rs. 76,000 crores. Industry hails the development stating this is just the beginning with many more approvals to follow.Of the three proposals approved, the first is of Tata Electronics Private Limited, which will set up a semiconductor fab in partnership with Taiwan’s Powerchip Semiconductor Manufacturing Corp (PSMC) in Gujarat’s Dholera. Investment in this fab will be Rs 91,000 crore. The fabs capacity is pegged at 50,000 wafer starts per month (WSPM). The second proposal approved is also of Tata Group but for Assembly and testing. Tata Semiconductor Assembly and Test Pvt Ltd (“TSAT”) will set up a semiconductor unit in Morigaon, Assam with an investment of Rs.27,000 crore. For this, TSAT semiconductor is developing indigenous advanced semiconductor packaging technologies including flip chip and ISIP (integrated system in package) technologies. With the capacity of testing and packaging 48 million per day, the plant will cover automotive, electric vehicles, consumer electronics, telecom, mobile phones and other segments. The third proposal approved was CG Power’s OSAT in partnership with Renesas Electronics Corporation, Japan and Stars Microelectronics, Thailand. This plant will be setup in Sanand, Gujarat with an investment of Rs 7,600 crore. The CG power semiconductor unit will manufacture chips for consumer, industrial, automotive and power applications and will have a capacity of 15 million per day. Pankaj Mohindroo, Chairman of ICEA says, “The emergence of Bharat as a global semiconductor manufacturing destination no longer seems to be a distant dream. By 2027 we will have the FAB and OSAT units producing. By the end of the decade we may have more than 10 fabs and 20 OSAT units in production besides many semiconductor  product design companies.” Satya Gupta, President, VLSI Society echoes the sentiment saying “The announcement of the approval of Tata and CG Power proposals is fantastic. We are on the Fibonacci path, 1 company in 2023, 2 companies in 2024 and hopefully 3 in 2025 and 5 in 2026. Next we need compound semiconductors fabs producing GaN and SiC devices. By 2030, India will become a significant Semiconductor Product Nation.” Approvals aside, what’s even more important is the timeline India is looking at for commencing construction. Ashwini Vaishnaw, Minister, Ministry of Electronics & IT stated that all three units will start construction within next 100 days. “The most important thing that the world has noted as part of first-of-its-kind sweeping approval by Union Cabinet is that, the government of India has committed to get started (i.e. construction) all the Fab and OSAT projects approved within 100 days – that’s a best in class industry benchmark set by India, which was showcased last year with Micron’s approval by Cabinet and in less than 3 months starting construction for Micron’s ATMP site in Gujarat,” says Danish Faruqui, CEO, Fab Economics. “India is now committed to replicate the Micron success with Tata’s Fab, OSAT and CG Power’s OSAT within 100 days – that’s a very important message for the world and players across semiconductor value chain,” he adds. Per Fab Economics Global Semiconductor Policy Council R&A, such speedy regulatory approval benchmark (100 days) has so far been displayed only in India and Japan in the world.      

Published 01 Mar 2024 09:37 PM

Sebi moves to restrict inflows into small- and mid-cap mutual funds

India's market regulator has asked money managers to consider restricting one-off investments from clients in small- and mid-cap stock mutual funds and cut commissions offered for their sale, two sources with direct knowledge of the matter said.The Securities and Exchange Board of India (Sebi) communicated this to the money managers in a meeting earlier this month, the sources, who included a regulatory official, said. The regulator did not specify the quantum of flows it wants restricted, they said. Sebi's communication shows heightened regulatory concern on the surging inflows into Indian small- and mid-cap mutual funds and any potential ripple effects on the financial system if investors suddenly started to yank their money from them. In India, small-cap stocks are defined as those with market capitalisation of less than Rs 5,000 crore ($603.05 million) while mid-cap stocks are those with market values of between Rs 50 crore and Rs 20,000 crore. Small- and mid-cap stocks are generally less liquid compared to their large-cap peers. Assets managed by small-cap funds in India vaulted 86.5 per centover a 10-month period to Rs 2.48 trillion ($29.92 billion) as of end-January and mid-cap funds jumped 58.5 per centto Rs 2.9 trillion . Their assets were not much lower than the Rs 2.99 trillion managed by large cap funds. The Nifty small-cap 100 index has surged 74 per centover the past 52 weeks and the Nifty mid-cap 100 index is up 60.86%, as of Wednesday's close. Those gains far exceed the benchmark Nifty's 26.21 per centrise over the same period. "A nudge to institutional investors such as mutual funds will help soothe extraordinary exuberance building up particularly in small and mid-cap stocks," the regulatory official said. Sebi did not respond to an emailed request for comment. The market regulator's communication to money managers about one-off investments is not an official order. The industry has in the past almost always complied with messages from Sebi. India's mutual fund assets have grown significantly over the years as investors have bought systematic investment plans that make regular contributions towards their portfolios. But domestic investors are also increasingly pumping in one-off, or lumpsum, funds to take advantage of the soaring stock market.    

Published 01 Mar 2024 09:36 PM

Reliance, Disney sign $8.5 bn deal to form JV, to merge media ops in India

  India's top conglomerate Reliance Industries and Walt Disney on Wednesday announced the merger of their India TV and streaming media assets, creating an $8.5 billion entertainment juggernaut far ahead of rivals in the world's most populous nation.  Reliance, led by Asia's richest man Mukesh Ambani, will inject $1.4 billion in the merged entity, with the company and its affiliates holding a more than 63% stake. Disney will hold about 37%, the companies said in a joint statement.  For Disney, the merger follows its long-drawn struggle to arrest a user exodus from its bleeding India streaming business and financial strain caused by billions of dollars in Indian cricket rights payments, in another example how foreign businesses can struggle to grow in India.  The merger values the India business of the US entertainment giant at just around a quarter of the $15 billion valuation when Disney acquired it as part of its Fox deal in 2019, sources have said. The companies said the transaction values the merged venture at around $8.5 billion on a post-money basis. They did not explain how they arrived at such valuation.  Together, the Reliance-Disney merged entity will have 120 TV channels and two streaming platforms, helping Ambani eclipse rivals such as Japan's Sony, India's Zee Entertainment and Netflix in the country's $28 billion media and entertainment sector.  Reliance said Nita Ambani, wife of Reliance boss Mukesh Ambani, would chair the board of the combined entity, and former top Disney executive Uday Shankar would serve as vice chair.  "The JV will be one of the leading TV and digital streaming platforms for entertainment and sports content in India, bringing together iconic media assets across entertainment," the companies said in a joint statement.  The deal comes when Disney is facing pressure globally to streamline its businesses. Bob Iger returned as Disney chief executive in November 2022, less than a year after he retired, and has since restructured the company to make the business more cost effective.  Still, Disney is up against activist billionaire investor Nelson Peltz who is pushing the home of Mickey Mouse to cut costs, create a profitable streaming business globally, improve the performance of its movie studio, and clean up its succession planning.  Iger in November said the company would like to stay in India, but it was considering its options. "Reliance has a deep understanding of the Indian market and consumer," Iger said in the statement on Wednesday, adding the deal will allow "us to better serve consumers with a broad portfolio of digital services and entertainment and sports."  

Published 01 Mar 2024 09:36 PM

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