City Sanjay Financial News
21.08 / 17:29
AAP's Balbir Singh, Sanjay Singh among poorest members of Rajya Sabha: Here's the list
₹3.72 lakh, a report by the Association for Democratic Reform (ADR) has revealed. The list of poorest Rajya Sabha MPs includes two MPs from AAP as the party's fiery spokesperson Sanjay Singh is also on the list with total assets of ₹6.60 lakh. The second poorest Rajya Sabha MP is BJP's Maharaja Sanajaoba Leishemba from Manipur who has assets worth ₹5.48 lakh.
21.08 / 02:05
UPS
RIG
Margadarsi Chit Funds case: CID registers FIRs against firm for using ghost subscribers to siphon off money
Also read: Cadbury maker to invest ₹1,600 crore to expand Andhra plant In the past three days, the Registration and Stamps Department conducted raids on 37 Margadarsi branches across the state, resulting in the filing of FIRs in Anakapalli, Chirala, and Rajamahendravaram. The cases against Margadarsi include various Indian Penal Code sections, such as 409 (Criminal breach of trust by a public servant), 420 (Cheating and dishonestly inducing delivery of property), 468 (Forgery for the purpose of cheating), 471 (Using a forged document as genuine), 477–A (Falsification of accounts), 120B (Criminal conspiracy), 467 (Forgery of valuable security, will, etc.), in conjunction with Section 34, and Section 5 of the Andhra Pradesh Protection of Depositors of Financial Establishments Act.
20.08 / 19:13
Provident
Target
Digital
Career
Platform
Software
Enterprise
Sorin Investments’ maiden fund raises over Rs 1000 crore
Sorin Investments, a technology-focussed fund, co-founded by former KKR India head and private equity veteran Sanjay Nayar and Angad Banga, has raised a corpus of over Rs 1,000 crore for the second close of its maiden fund. It had raised around $100 million (approximately Rs 800 crore) in its first close last year. The tech-focused investment firm’s fundraise comes at a time when the Indian tech startup ecosystem is facing a funding crunch that has seen several investors slash down the valuations of several major Indian tech companies. Investors in the fund include Henry Kravis, George Roberts and other partners of the American global investment firm KKR & Co as well as Hero Enterprise chairperson Sunil Kant Munjal and a few other global and Indian family offices. Nayar and Banga were formerly associated with KKR. Nayar founded Sorin after a four-decade career spanning banking and private equity. Nayar and Banga have also invested a significant amount of their personal capital in the fund as sponsor commitments, they said in an earlier interview without disclosing the sum. The fund focuses on early-stage technology startups across various industries like fintech, edtech, software as a service (Saas), logistics, clean technologies and direct-to-consumer products and brands. It aims to invest between $2-10 million in target companies.
20.08 / 19:13
UPS
Inside
Some NCP leaders joined BJP due to ED probe, claims Sharad Pawar
Congress Party (NCP) president Sharad Pawar on Sunday claimed that his nephew Ajit Pawar and others, who have formed a government with BJP in the state, had done so «to avoid going to prison» as they had Enforcement Directorate (ED) probes against them. «For some reason or other, they were being probed by the ED… They were told, 'we will not proceed with the cases, if you join us but if you don't, then you will be somewhere else'.
20.08 / 07:57
Cooper
Career
Assurant
Sharad Pawar won't make 'mistake' of joining hands with BJP: Sanjay Raut
Sanjay Raut on Sunday claimed Nationalist Congress Party (NCP) president Sharad Pawar will not make the «mistake» of joining hands with the Bharatiya Janata Party, like his nephew Ajit Pawar. NCP leader Ajit Pawar joined the Eknath Shinde-BJP government in Maharashtra last month as the deputy chief minister. Eight other NCP MLAs also took oath as cabinet ministers along with him.
19.08 / 10:13
Cooper
Sony
7 deputy commissioners among 16 IAS officers shifted in Haryana
Haryana government on Saturday shifted 16 IAS officers and 28 HCS officers with immediate effect. Among them, seven deputy commissioners were transferred, according to an official order. Indian Administrative Service (IAS) officer Sushil Sarwan has been posted as deputy commissioner Panchkula, replacing IAS officer Priyanka Soni, according to the order.
17.08 / 06:09
Remark
Centre
‘Misuse of Election Commission and central agencies’: Sanjay Raut launches fresh attack at BJP-led Centre
Enforcement Directorate (ED) decides who joins which party and who becomes a minister, according to a report published by the news agency ANI. “..Misuse of Election Commission and all Central agencies is happening. NCP Chief Sharad Pawar said that the ED decides who joins which party and it also decides who becomes a minister.
16.08 / 15:47
film
Actor
show
audience
Gulshan Devaiah's character Atamaram in 'Guns & Gulaabs' was inspired from Mithun Chakraborty, Sanjay Dutt
Gulshan Devaiah says he derived inspiration from Mithun Chakraborty and Sanjay Dutt's movies which he watched as a teenager in the 1990s. Inspired by the misfits of the world, the '90s set comedy crime thriller series is directed by Raj Nidimoru and Krishna DK. It follows the story of a lovestruck mechanic Paana Tipu (Rajkummar Rao), a reluctant heir to a ruling gang (Adarsh Gourav), an honest officer-turned-agent-of-chaos (Dulquer Salmaan), and a menacing killer 4-cut Atmaram.
16.08 / 14:53
Speculation
Amid speculation of Sharad Pawar joining NDA, Congress says ‘NCP chief will remain with INDIA alliance’
ALSO READ: Ajit Pawar ‘not big enough’ to offer a role to Sharad Pawar: Sanjay Raut In the meantime, Supriya Sule reacted to the claim, saying no one has approached her with an offer of a portfolio. Though she said the party leaders should introspect on why they were making such statements. On being asked about an offered Cabinet post by BJP, NCP leader Supriya Sule said, "No one has offered me anything nor had a conversation with me...You should ask them (Maharashtra Congress leaders) why they are giving such statements.
15.08 / 01:53
UPS
Digital
Platform
Celebrity
star
social
Identify yourself with the startup before investing, says Virat Kohli
Virat Kohli said star endorsers should do their homework before investing in new ventures, amid a rise in celebrities buying stakes in startups. «It is a huge decision which cannot be made unless you carry out thorough research and identify yourself with the brand's values, offerings and proposition,» the former India cricket captain told ET in an email interview.
14.08 / 13:25
COST
UPS
Twitter
Highways
Modi government has broken all records of corruption: Arvind Kejriwal
Arvind Kejriwal on Monday alleged that the Prime Minister Narendra Modi-led government has broken «all records of corruption» after the Comptroller Auditor General (CAG) of India reportedly flagged the «very high» construction cost of the Dwarka Expressway. According to media reports, the CAG audit report on the implementation of Phase-I of 'Bharatmala Pariyojana' highway projects has flagged how the National Highways Authority of India's (NHAI) decision to go for an elevated carriageway on the Haryana portion of the Dwarka Expressway pushed up the construction cost to Rs 251 crore per kilometer from Rs 18.2 crore per kilometer.
14.08 / 08:29
UPS
Lowe's
Reuters
Southern
country
MRPL to phase out exports as it adds retail outlets
Mangalore Refinery and Petrochemicals Ltd plans to phase out fuel exports in the next two to three years as it expands its local retail network to diversify its sources of revenue, its managing director said.MRPL, a subsidiary of state-controlled Oil and Natural Gas Corp, operates a 300,000 barrel-per-day coastal refinery in southern Karnataka state, mostly supplying the state refiners that own about 90% of India's retail fuel stations and exporting the remainder.Sanjay Varma told Reuters that MRPL plans to expand its retail outlets in southern India to 1800 by 2027 from about 71 now. «When refining margins are low (retailers) make a handsome profit because marketing margins are good.
14.08 / 07:17
Booking
Man
MP: Vande Bharat train window damaged as man throws stones; arrested
Madhya Pradesh's Morena district, an official said on Monday. The incident took place at around 10 am on Sunday near Banmore railway station and the Railway Protection Force (RPF) has arrested a man in this connection, he said.
14.08 / 04:13
UPS
Provident
CEO
Strategy
Limelight
performer
Returns
etmarkets
ETMarkets Fund Manager Talk: This PMS fund manager sees mid, smallcap stocks driving consistent alpha returns
Midcap and smallcap stocks have registered strong gains in the recent months and outperformed their largecap peers. Torus Oro Portfolio Management Ltd believes that this segment of the market can drive consistent alpha generation for investors. “The mid and smallcap space provides ample opportunities to invest in businesses having great growth prospects, product differentiation, and improving business economics,” said Nitin Agrawal, CEO of the portfolio management firm. Agrawal, however, said it was important to keep in mind the underlying risk and fundamentals in check. Edited excerpts:Benchmark indices have rallied close to 16% in 5 months. How comfortable are you with the current valuations?India’s growth story has picked up momentum over the last few months, leading benchmark indices to lifetime highs. Despite the weak global macro factors, the Indian economy witnessed rising growth momentum, moderation in inflation and better trade balance. Further, Indian companies reported strong revenue growth and improvement in margins. This led to increased allocation from FIIs and, thus, India witnessed strong fund inflows over the last few months. Even at the current levels and based on expected EPS growth, we believe that the Indian market is fairly valued. We are comfortable with valuations from a long-term horizon perspective.
12.08 / 12:53
UPS
Provident
Twitter
‘Agenda - To Silence’: Kapil Sibal says new bill allows use of ‘draconian police powers for political ends’
Kapil Sibal on his ‘X’, formerly known as Twitter, post flagged the Bharatiya Nyaya Sanhita Bill, which seeks to replace the colonial-era Indian Penal Code (IPC). Sibal said that the bill allows the use of "draconian police powers for political ends".
12.08 / 06:09
Twitter
Action
show
voice
AAP's Raghav Chadha changes X bio to 'Suspended Member of Parliament'
Delhi: AAP leader Raghav Chadha on Saturday changed his bio on X, earlier known as Twitter, to «Suspended Member of Parliament». This comes a day after Chadha was suspended from Rajya Sabha for «gross violation of rules, misconduct, defiant attitude and contemptuous conduct», pending a report by the privileges committee.
12.08 / 05:03
UPS
Platform
Entertainment
Enterprise
love
star
ZEE5 to stream Nawazuddin Siddiqui-starrer ‘Haddi’
Zee Entertainment Enterprises Ltd., has announced the direct-to-digital release of Haddi directed by Akshat Ajay Sharma, and starring Nawazuddin Siddiqui and Anurag Kashyap in lead roles along with Ila Arun, Mohammed Zeeshan Ayyub, Saurabh Sachdeva, Shridhar Dubey, Rajesh Kumar, Vipin Sharma, and Saharsh Shukla in supporting roles. It has been produced by Zee Studios, Sanjay Saha and Radhika Nanda’s – Anandita Studios. “At ZEE5, we constantly strive to live up to our consumer's expectations.
11.08 / 12:05
COST
UPS
Citi
show
PM Modi's degree row: No relief for Kejriwal, Sanjay Singh as Gujarat HC refuses stay on defamation proceedings
Arvind Kejriwal and the party's Rajya Sabha MP Sanjay Singh on their allegedly defamatory statements against Gujarat University. Justice Sameer Dave refused a stay on the application moved by the legal team of Arvind Kejriwal and Sanjay Singh in the Gujarat High Court. The hearing will resume in the lower court as a summons had been issued to Kejriwal and Singh for Friday.
11.08 / 10:03
Assurant
Remark
Remarks on PM's degree: Gujarat HC refuses to stay proceedings against Kejriwal, Sanjay Singh in defamation case
Kejriwal and Sanjay Singh's plea seeking a stay on the criminal defamation proceedings against them filed by the Gujarat University in connection with remarks on Prime Minister Narendra Modi's degree. While refusing to grant a stay on the defamation proceedings underway at a metropolitan court here against the two leaders, Justice Samir Dave noted that both of them had earlier given an assurance to the sessions court that they will remain present before the metropolitan court to record their statement.
10.08 / 19:55
Remark
Difficult to say that Article 370 cannot be amended, observes Supreme Court
Supreme Court verbally observed on Thursday that the moot question over the abrogation of Article 370 which needed to be decided was whether the process followed was flawed or not. It will be difficult to say that Article 370, which gave special status to Jammu & Kashmir, cannot be amended, a five-member constitution bench headed by Chief Justice of India DY Chandrachud observed.
10.08 / 19:55
UPS
CEO
BJP unhappy after Shinde camp MLAs beat up journalist, ‘abduct’ CEO
A journalist in Jalgaon who had criticised the Chief Minister Eknath Shinde was on Wednesday beaten up in public. Sandeep Mahajan has alleged that Pachora Shiv Sena MLA Kishore Patil had sent his men to beat him up after an audio clip went viral in which Patil is abusing Mahajan for criticising Shinde. Mahajan had put up a post calling the CM’s visit to the family of an 8-year-old girl who was raped and murdered as an ‘eye wash’. Following the post, Patil had called up Mahajan and had given the choicest abuses as well as threatened him. The expletive-ridden audio clip had gone viral and Patil has admitted that it was him abusing Mahajan. On Wednesday, Mahajan was beaten up by three youths who pulled him down from his scooter while he was travelling and then assaulted him. While the journalist has claimed that it was Mahajan’s men who had assaulted him, Patil had ‘condemned the incident’ and claimed his people were not involved in the assault. The video of the assault of the journalist has gone viral with the Maharashtra opposition questioning the ‘goonda raj’ of those in the government. The attack comes after another incident in which Magathane Shiv Sena MLA Prakash Surve’s son, Raj, abducted RK Singh, CEO of a music company, at gunpoint and took him to Surve’s office and forced him to sign some papers. The police have now named the MLA’s son in a complaint filed by the Singh.
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