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Unitech's former promoters, Sanjay Chandra and Ajay Chandra, in a money laundering case relating to cheating of multiple homebuyers of several crore rupees. The Enforcement Directorate had recorded the case in 2018 based on over 60 FIRs registered against the accused for various offences, including cheating, criminal conspiracy, taking undue advantage by influencing public servant, bribing public servant, etc. «It is evident that investigation qua the applicants was completed within statutory period of limitation and therefore, the applicants are not entitled to statutory right of default bail under Section 167(2) CrPC,» Additional Sessions Judge Dheeraj Mor said in the order passed on April 12. As per the law, if the investigation is not concluded within the prescribed period of limitation from the date of arrest of the accused, the person has an indefeasible statutory right to be released on default bail.

Gautam Gambhir, the mentor of the Kolkata Knight Riders and a former T20 World Cup champion with India, raised queries regarding the exclusive use of Kookaburra balls. He pondered the viability of persisting with a manufacturer incapable of producing a ball that endures for 50 overs, suggesting a potential shift to a different manufacturer. Gautam Gambhir's suggestions come at a time where bowlers find themselves besieged in this season's IPL where many many records, including highest ever total and highest ever runs scored by both the teams have been broken. Adding to the discourse, renowned commentator Harsha Bhogle expressed support for employing Duke balls to provide respite for bowlers in T20 cricket. In a tweet, Bhogle underscored the necessity for equilibrium between bat and ball, particularly in circumstances where pitches offer minimal assistance to bowlers. He advocated for the adoption of Duke balls, highlighting their capacity for greater lateral movement and the impediment they pose to batters' ability to dominate proceedings.

Setaish Hayat says making YouTube videos at home is the next best thing in Afghanistan where Taliban edicts have increasingly confined women indoors. Hayat, 21, was a budding actor in local film and television until the Taliban seized power in 2021 and began issuing decrees on women that included banning TV dramas with female actors and ordering women to wear strict hijab while presenting the news.

Supreme Court will hear on May 7 a plea filed by the Andhra Pradesh government challenging a high court order granting regular bail to TDP chief N Chandrababu Naidu in the skill development corporation scam case. The petition came up for hearing on Tuesday before a bench of Justices Bela M Trivedi and Pankaj Mithal which noted the counsel for the state has said they have filed an interlocutory application (IA) in the matter. It observed the said application does not appear to be part of the record. «In view of the above, the Registry is directed to do the needful. List the IA and the special leave petition on May 7, 2024,» the bench said in its order.

Dubai Airport has issued advisories urging passengers to avoid unnecessary travel due to operational challenges caused by severe weather conditions. Dubai Airport advised travelers to refrain from visiting the airport unless absolutely essential, as flights continue to face delays and diversions as the emirate received record rains. Airport authorities emphasized the ongoing efforts to restore normal operations amid challenging circumstances. Emirates airline has suspended check-in services at Dubai International Airport (DXB) for all flights scheduled on April 17, citing safety concerns and operational disruptions. Passengers have been urged to contact the airline for assistance and rebooking options.

Also Read: US Fed Chair Jerome Powell signals delayed interest rate cuts amid high inflation While the recent U.S. retail sales also jumped 0.7% month-over-month in March 2024, surpassing forecasts of 0.3%, showing that consumers continued to spend at a faster pace than anticipated despite borrowing costs at a 23-year high. Since March 2022, the U.S.

The S&P BSE Sensex fell over 450 points, while the Nifty50 managed to hold on to 22,100 levels.

Dubai floods caused by heavy rainfall in the e United Arab Emirates. Dubai's flagship Emirates Airline has stopped all check-ins for the day. Emirates, in an official statement, stated that the airline is trying to restore the scheduled flight operations and the teams will provide all possible assistance to affected customers.

credit reports from time to time, and make sure that there are no mistakes in them. For instance, 31-year-old Ajay Sharma while checking his credit report, discovered that it did not factor in a debt which he had retired last quarter. Subsequently, he wrote to the credit rating agency to request them to correct these mistakes.

Tarc Ltd, has reported Rs 1,612 crore pre-sales in FY 23-24, a 200% growth from previous year as demand for luxury real estate state continued. The company also achieved its highest annual collection to date, reaching Rs 415 crore. The fourth quarter of FY2023-24 witnessed exceptional sales, with TARC Limited recording sales amounting to Rs 1,281 crore. This staggering growth of over 600% on a year-on-year basis can be attributed largely to the success of the recently launched project, TARC Kailasa, located in New Delhi.

Dubai International Airport, one of the busiest airports globally. Meteorological reports indicate that Dubai received about 20 millimeters of rain late Monday, with the storm intensifying on Tuesday morning. By the end of the day, the city had accumulated over 142 millimeters of rain, surpassing its average annual rainfall of 94.7 millimeters.

Enforcement Directorate (ED) has made four fresh arrests in connection with the alleged illegal land grab-linked money laundering case against former Jharkhand chief minister Hemant Soren and others, official sources said on Wednesday. Those taken into custody under the provisions of the Prevention of Money Laundering Act (PMLA) have been identified as Antu Tirkey, Priya Ranjan Sahay, Bipin Singh and Irshad, they said. The ED had on Tuesday conducted searches at the premises of Tirkey and some others here and the four were arrested following their questioning. Tirkey is allegedly linked to Soren while Singh is a real estate businessman. Sahay «forged» some land-related documents along with others, according to the charge sheet filed in the case.

KPI Green Energy, one of the leading players in the renewable energy sector, have been on an upward roll over the last six months, producing a stellar performance and significantly enhancing shareholder wealth in a relatively brief timeframe. The company, operating in the solar power generation sector, functions as both an independent power producer (IPP) under the 'Solarism' brand and a service provider to captive power producer (CPP) clients. Since November, its shares have witnessed a consistent upward trajectory, delivering an impressive return of 209% to date.

₹6,013 crore in FY24 led by better demand for its housing projects. The company’s presales in the fourth quarter of FY24 were ₹2,243 crore, the highest ever for a quarter. It registered real estate sales volumes of 7.55 million square feet in FY24 and 2.72 million square feet in Q4FY24.

Polarized times bring new judicial challenges. Consider the difficulty faced by the US judiciary in selecting a jury for one of former president Donald Trump’s many trials, this one for whether he falsified business records to cover up hush money paid in 2016 to a former adult-film performer.

Finance Minister Chrystia Freeland is finally set to present the federal budget in the House of Commons on Tuesday afternoon, showcasing how the government plans to win back support from disgruntled Canadians worried about the cost of living.

The consumer space also saw 88 PE deals, highest in five quarters by volume. However, the consumer industry reported a decline in M&A activity with volumes declining to 14 deals from 17 a year ago although the value surged to $925 million from $79 million in 2023. «This is potentially an outcome of the impending elections leading the businesses to adopt a cautious approach, coupled with sluggishness in consumer spending, leading to slow revenue growth. However, it evidenced substantial increase in terms of deal value, primarily driven by Tata Consumer Goods' acquisition of Capital Foods valued at $615 million and Organic India valued at $229 million. Together these two deals contributed to a 91% share in M&A values, at $843 million,» said Naveen Malpani, partner and consumer industry leader, Grant Thornton Bharat.

high crude oil prices threatens to widen the trade deficit in the current fiscal. According to a research report by ICICI Bank, if crude oil prices remain in $80-90/barrel range, trade deficit should be $266 billion for FY25. It could go up to $276 billion if oil prices move up by another $10 per barrel.

Rafael Nadal returned from injury at the Barcelona Open, marking his first ATP Tour appearance since January due to a hip issue. The 22-time Grand Slam winner missed several tournaments in 2023 due to injuries.

Bitcoin briefly soared above $67,000 (€61,544) on Thursday morning, before once again settling around $61,544 in the afternoon. This was a considerable rebound following Wednesday’s dampened sentiment.