Awards Financial News

Gov. Andy Beshear says Kentucky will use a lottery to award licenses to businesses competing to participate in the state’s startup medical cannabis program

R Hari Kumar retires from service. Tripathi who is currently serving as Vice Chief of the Naval Staff, will take charge on April 30, 2024. The defense ministry, in an official statement, said, “The government has appointed Vice Admiral Dinesh Kumar Tripathi, presently serving as Vice Chief of the Naval Staff as the next Chief of the Naval Staff with effect from the afternoon of April 30, 2024." 1) Vice Admiral Tripathi was born on May 15, 1964.

NARCL) has given a binding offer to lenders to acquire ₹988-crore debt of a road project awarded to Subhash Chandra's Essel Infraprojects in Ludhiana, said people with knowledge of the matter. The government-backed asset reconstruction company has offered to acquire debt Ludhiana Talwandi Toll Road (LTTRPL), which is mandated to build a 78-kilometre four-lane stretch of the National Highway-95 between Ludhiana and Talwandi Bhai in Ferozepur district via Moga in Punjab. NARCL offered ₹270 crore against the ₹988 crore debt, equating to a 27% recovery for lenders.

An arbitrator overseeing a Finra Dispute Resolution Services arbitration claim last week awarded close to $100,000 to a customer who in 2018 and again in 2020 purchased GWG L bonds, calling the bonds “not a suitable investment for the [client,] or perhaps anyone,” in an award that pointed to a broker-dealer and financial advisor ignoring the fiduciary duty owed to a client.

Rohit Sharma, who slammed his second IPL century this season and is placed among the top three run scorers in this season so far. Rohit Sharma's 6,500-run IPL record came in his 250th match in the cash-rich league. Rohit Sharma played a wonderful 36-run innings against Punjab Kings and provided his team with another solid start.

Bushra Bibi. PTI reported that Bushra Bibi, 49, was convicted in a corruption case as well as in the case of illegal marriage with Khan, 71, and is currently held in detention at their Bani Gala residence in the suburbs of Islamabad. Imran Khan in a conversation with journalists at Adiala Jail where he is currently incarcerated hurled allegations against the army chief, according to a long post uploaded on Khan's official X account.

Hyundai Motors India was ordered by the National Consumer Disputes Redressal Commission (NCDRC) to pay Rs 15.1 lakh to Sukhjinder Singh, an owner of a Hyundai Verna car. This judgement came after Hyundai Motors India failed to rectify the car's problem and instead decided to fight against the legal order to replace the car's engine, in various consumer forums for almost 10 years. This long legal fight, was ultimately lost by Hyundai Motor India, in which the commission concluded that the manufacturer needed to replace the car's engine. However, considering the time taken for this fight to conclude, NCDRC ordered Hyundai Motors India to refund the car's purchase price plus accumulated interest to Singh. «In the present case, the car was purchased on 17.08.2011. As on date, over 13 years in its usable life have already lapsed. Even if the engine is replaced today, its utilisation is for a very limited time and the Complainant will not be able to benefit from the investment he made. This situation emerged due to non-compliance of the order of the District forum by Hyundai Motor India LTD on 17.06.2016 to replace the engine of the car,» said NCDRC at the case's hearing.

Hugh Grant accepted “an enormous sum of money" to settle a lawsuit accusing The Sun tabloid of unlawfully tapping his phone, bugging his car and breaking into his home to snoop on him, the actor said Wednesday after the agreement was announced in court. Grant said he reluctantly settled because of a court policy that could have stuck him with a huge legal bill even if he prevailed at trial — a reality that could also force fellow claimant Prince Harry to settle, their lawyer said.

chips, is poised to get more than $6 billion in grants from the Commerce Department to help pay for domestic factory projects, part of an effort to bring semiconductor production back to American soil. The award, which isn’t yet finalized, could be announced as soon as next week, according to people familiar with the matter. It’s not clear whether the company also plans to accept loans available through the 2022 Chips and Science Act in addition to the direct grant funding.

Kaynes Technology will manufacture 3,000 indigenously designed RUDRA high-performance computing (HPC) servers for government-owned Centre for Development of Advanced Computing (CDAC). ET has learnt that CDAC, a research and development organisation under the ministry of electronics and information technology (MeitY), has already awarded the contract to Kaynes, a listed company.

Participant, the activist film and television studio that has financed Oscar winners and socially conscious documentaries, is closing its doors after 20 years

Casinos in the northeastern U.S. are dealing with numerous challenges as they brace for the arrival of new competitors in New York City

Hugh Grant says he accepted “an enormous sum of money” to settle a lawsuit accusing the publisher of The Sun tabloid of unlawfully tapping his phone, bugging his car and breaking into his home to snoop on him

Lok Sabha polls, defections from major political parties in Maharashtra have caused significant upheaval in the state's political landscape. Among the notable defectors, Dhairyasheel Mohite-Patil, a BJP functionary, leads the list of candidates who have secured nominations for the elections. Dhairyasheel Mohite-Patil, a former BJP member, is among those who parted ways with the party. Defections from the Shiv Sena have also been observed. Interestingly, both factions of the Nationalist Congress Party (NCP) have relied heavily on turncoats for a substantial portion of their allocated seats. In a surprising turn of events, 50% of the seats allotted to the Sharad Pawar-led faction of the NCP have been given to defectors. Out of the ten seats designated for this faction, five have been awarded to individuals who switched camps. Similarly, the Ajit Pawar-led NCP, contesting four seats, has allocated two seats to defectors.

Army Training Command (ARTRAC), Lt Gen Manjinder Singh, has said that the war between Russia-Ukraine and Israel-Hamas has been a learning experience for India, as it may face similar warfare practices from terror-hit regions on Pakistan's borders. He said this at the Army Training Command (ARTRAC) investiture ceremony held at the Army Training Command in Shimla on Tuesday. Lt Gen Singh, awarded ARTRAC Unit awards to the Army officials for their noteworthy performance in the year 2022-23.

For some advisors, tax season is well behind them. For others, the conversation about has just begun.

Oscar winners like “Spotlight" and socially conscious documentaries like “Food, Inc," and “Waiting For Superman" is closing its doors after 20 years. Billionaire Jeff Skoll told his staff of 100 in a memo shared with The Associated Press Tuesday that they were winding down company operations. “This is not a step I am taking lightly," Skoll wrote in the memo.

Calcutta High Court has passed an interim order in the case between NYSE-listed UpHealth Holdings and Kolkata-based Glocal Healthcare Systems. The high court has asked Glocal's promoters and shareholders, including former Sebi chairman M Damodaran to file affidavits of their assets and disclose their liabilities. The court also rejected Damodaran's plea to be absolved from any liability in the case. UpHealth, a digital health company, acquired a 95% stake in Glocal in 2020. The dispute started after UpHealth claimed their right to two directors on the board of Glocal as per the share purchase agreement (SPA) in September 2022, which was defeated in an extraordinary general meeting (EGM).

Arete Wealth Management, a broker-dealer with a focus on alternative investments, over the first three months of the year has paid settlements of more than $1.1 million related to investor claims against the firm, according to a filing at the beginning of the month with the Securities and Exchange Commission.

A Native American-led nonprofit says it has purchased about 40 acres of land in South Dakota's Black Hills area

WASHINGTON—The Supreme Court for years has been making it more challenging for prosecutors to bring corruption cases against public officials, guided by the belief that some of the dealmaking and fundraising in the political realm is unseemly but not illegal. A new batch of cases making their way through the courts shows that where to draw the line remains in flux. In New York, a U.S.