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19.05 / 15:03
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Rajnish Kumar and Mohandas Pai to leave Byju's advisory panel
State Bank of India chief–and Mohandas Pai–previously CFO at Infosys– will not be renewing their contract to be part of Byju's board advisory council, sources familiar with the matter said. This adds to the series of troubles the edtech firm finds itself in since last year. Pai and Kumar’s contract ends on June 30 and they are not renewing the contract, people briefed on the matter said. Both Pai and Kumar joined the advisory council following Byju's investors–Peak XV Partners, Prosus and Chan Zuckerberg Initiative–leaving the board of the company last year.
19.05 / 12:47
UPS
BlackRock
Deloitte
wellness
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Byju’s woes worsen: Rajnish Kumar, Mohandas Pai to step down from advisory panel
MUMBAI , BENGALURU : Rajnish Kumar and T.V. Mohandas Pai do not intend to continue on the advisory panel of Byju’s parent company, Think & Learn Pvt. Ltd, after their one-year tenure ends on 30 June, presenting the latest setback to the embattled online tutor.
19.05 / 12:31
UPS
Election
Inside
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Police seized CCTV DVR from Kejriwal home, planting stories to tarnish party's image: AAP
AAP on Sunday said the Delhi Police has seized the DVR of CCTV cameras installed inside Chief Minister Arvind Kejriwal's residence in connection with its probe into the "assault" on Swati Maliwal and accused the cops of planting stories to tarnish the party's image ahead of the elections. There was no immediate reaction from the Delhi Police. Maliwal, an AAP Rajya Sabha member, has alleged that Kejriwal's aide Bibhav Kumar assaulted her on May 13 when she had gone to the chief minister's residence to meet him. AAP has rubbished her allegations and claimed that Maliwal is acting at the behest of the BJP to frame Kejriwal. Kumar was arrested on Saturday and produced in a court, which remanded him in five-day police custody.
19.05 / 11:55
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China allocates billions of dollars to bailout its crisis-hit property sector
economic growth. The People's Bank of China has announced that it would establish a 300-billion-yuan (about USD 42.25 billion) relending facility for the government-subsidized housing project. Local state-owned enterprises are encouraged to use the funds to buy reasonably-priced commercial homes that have completed construction, Tao Ling, deputy governor of the People's Bank of China, told the media last week. Tao added that these homes will then be used to provide affordable housing.
19.05 / 07:59
Fighting
community
social
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Courts
BhikuMahtre: Who is social media user 'MumbaichaDon', allegedly arrested by Karnataka police? Why is BJP supporting him?
Karnataka Police have allegedly arrested an individual, known by the username 'BhikuMahtre,' from Goa in connection with online activities allegedly aimed at inciting communal discord. The arrest follows accusations of disseminating a distorted statement attributed to the Karnataka Chief Minister, Siddaramaiah, with the purported intent of stoking animosity between different communities. The arrest was confirmed by Amit Malviya. Though the precise grounds for the arrest remain undisclosed, the First Information Report (FIR) doing round on social media indicates that it pertains to certain tweets concerning the Congress party's manifesto. Following his detention in Goa, BhikuMahtre was reportedly escorted by law enforcement to the Cyber Crime Cell at the Commissioner's Office in Bengaluru.
19.05 / 07:31
Software
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Rich, loyal and good looking: Why little-known Doug Burgum is in Trump’s VP mix
WASHINGTON—As court adjourned for lunch Tuesday in Donald Trump’s hush-money trial, the former president’s lawyers, family and friends poured into the court’s holding room for some of New York City’s finest pizza. North Dakota Gov. Doug Burgum, among them, popped in and out to defend Trump in front of news cameras.
19.05 / 07:31
Digital
Platform
wellness
social
electronic
information
Courts
A three-pronged taskforce in the works to rein in digital ads running amok
NEW DELHI : Three high-profile ministries that oversee different aspects of social media advertising are joining hands to create a taskforce that can comprehensively crackdown on misleading ads and fraudulent schemes promoted on digital platforms. An inter-ministerial taskforce to monitor and regulate social media ads is being established by the ministries of information and broadcasting, electronics and information technology, and consumer affairs, according to two people aware of the development.
19.05 / 07:31
Food
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2020
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Patanjali soan papdi fails quality test, assistant manager and two others fined & sentenced to prison for 6 months
Patanjali Ayurved, received fines and six-month prison sentences from the chief judicial magistrate in Pithoragarh, according to a Live Hindustan report. This followed the failure of a Patanjali food product in a quality test at a testing laboratory in Rudrapur, Uttarakhand, it added. Also Read | Kyrgyzstan Violence: From why it happened, to an update on the students, and India's response — All you need to know As per the report, a food safety inspector flagged issues with Patanjali Navratna Elaichi Soan Papdi at Lila Dhar Pathak's shop in Berinag, Pithoragarh, in 2019.
19.05 / 07:31
Citi
security
Metro
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rights
Delhi's ITO metro station to remain shut today due to AAP protest outside BJP HQ
AAP Protest In Delhi Live Updates "They are after our party and sending our leaders to jail one after another... Today you have sent my PA to jail," he said, adding the BJP is saying they will send AAP MP Raghav Chadha and Delhi ministers Atishi and Saurabh Bharadwaj to jail too. AAP protest today: Security beefed up outside BJP headquarters "I along with my MLAs and MPs would go to the BJP office at noon tomorrow so that the prime minister can send anyone he wants to jail," he said.
19.05 / 07:21
Election
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rights
Kejriwal challenges Modi to arrest AAP leaders ahead of protest, says party will only get bigger
Delhi Chief Minister Arvind Kejriwal on Sunday hit out at the ruling Bharatiya Janata Party, saying him and his party did not fear being arrested and that their ideas would live on even if the party was gone. «You arrest all of us and then see if AAP gets destroyed or gets bigger,» the Aam Aadmi Party chief said at the party's headquarters, ahead of a planned protest march to the BJP's headquarters in the national capital. «I along with my MLAs and MPs will go to the BJP office so that the Prime Minister can send anyone he wants to jail,» Kejriwal added.
19.05 / 07:21
UPS
Man
Election
Cycling
Courts
Defunct iron factory linked to Dalai Lama sees renewed hope of resurrection every election season
Dalai Lama — a man who has no worldly possessions and has eschewed wealth — once owned a factory in a small Indian town, that produced iron. But now, it only produces longing for the people of Hirodih, a small village outside the town of Koderma, in Jharkhand. At the entrance of Hirodih stands Gayday Iron & Steel Company, now corroded and abandoned, was once owned by the Tibetan spiritual leader and Nobel Prize winner. Spanning 350 acres, the plant was set up by the Dalai Lama in the 1960s after he acquired the land from the villagers for Rs 4 crore. Once a major avenue for employment in the region, the factory has been shut for the better part of four decades now. Despite this, the people of the region hold out hope that it will be returned to its former glory.
18.05 / 20:59
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Maliwal assault case: Delhi court sends Kejriwal’s aide Bibhav Kumar to 5-day police custody
Arvind Kejriwal’s aide, Bibhav Kumar, has been sent to five days in police custody following allegations of assaulting AAP Rajya Sabha member Swati Maliwal. The Delhi Police arrested Kumar on Saturday, and his anticipatory bail plea was subsequently declared “infructuous” by a Delhi court. The police allege that Kumar, Kejriwal’s personal assistant, assaulted Maliwal at the CM's residence on the morning of May 13. Kumar was produced before Metropolitan Magistrate Gaurav Goyal, who granted the police’s request for custody. The police, through their counsel, sought seven days of custody to question Kumar about the assault. They argued that Kumar did not provide his mobile phone password to the investigating agency and claimed that his phone had been formatted in Mumbai due to a malfunction. Police stated, “Before being formatted, the data of a mobile phone has to be cloned, and Kumar was required to be taken to Mumbai for retrieving the data.” They added that his presence was needed when his mobile phone is opened by an expert.
18.05 / 18:13
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Golf
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Scottie Scheffler: What happened to world's number 1 golfer during police custody? This is what he said
Golfer Scottie Scheffler said that he had an incredible day on Friday after being arrested on his way to the golf course, reports the 'New York Post.' The world number Golf player was arrested just before the second round of the PGA Championship began at Louisville in Kentucky after he allegedly refused to comply with the orders of the local police.
18.05 / 16:35
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Swati Maliwal assault case: Delhi CM's personal aide Bibhav Kumar to be produced in court
Bibhav Kumar, personal aide of Delhi CM Arvind Kejriwal who was arrested today by Delhi Police in connection with the alleged assault on AAP Rajya Sabha MP Swati Maliwal will be produced in court shortly. The police is likely to seek his custody in the case. Delhi Police is also investigating the reason for Bibhav to reach the crime scene (CM house), that too a day after the victim recreated the crime scene.
18.05 / 12:17
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Swati Maliwal assault case: Delhi court dismisses Arvind Kejriwal aide Bibhav Kumar's bail plea
Tis Hazari Court on Saturday dismissed anticipatory bail plea of Arvind Kejriwal's aide Bibhav Kumar's in the ongoing Swati Maliwal's assault case. Earlier today, Kumar was arested by the Delhi police from the Delhi CM's residence. This comes after Kumar lodged a complaint with the Delhi police against Maliwal on Friday via email to the Station House Officer (SHO) of Civil Lines, accusing Swati Maliwal of physical assault, after a video purportedly showing Maliwal threatening Kumar.
18.05 / 11:21
UPS
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Investigations
DK Shivakumar rubbishes BJP leader Gowde's claim that he was involved in circulating abuse videos made by Prajwal Revanna
D K Shivakumar and other state ministers on Saturday rubbished allegations about their role in the circulation of pen drives containing explicit videos involving Hassan MP Prajwal Revanna. BJP leader and advocate G Devaraje Gowda, who is in custody after being arrested in a sexual abuse case and is also facing charges of video leak, on Friday alleged that Shivakumar and four other ministers are behind the circulation of the pen drives and was being fixed in false cases as he did not agree to be part of their plan. He has even alleged that he was offered Rs 100 crore by Shivakumar to «bring a bad name» to the BJP and Prime Minister Narendra Modi, and to tarnish the image of JD(S) leader H D Kumaraswamy in Prajwal Revanna's obscene video case. Speaking to reporters, Shivakumar said, «Better, let him (Gowda) file a case before Lokayukta or any other agency. I think he has some problems mentally. I'm very sorry, the national and state media shouldn't have picked up such baseless allegations. A person who is in jail, how can he make such allegations? All these are baseless. I don't want to comment.»
18.05 / 08:29
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Prajwal Revanna case: No objection to action against grandson if found guilty, says former PM Deve Gowda
HD Revanna leaves jail today on conditional bail | Watch His statement concurred with Kumaraswamy (Gowda's other son and state JD(S) chief)'s remark that if found guilty no one should be spared. Gowda, who turned 92 on Saturday, recently announced that he would not celebrate his birthday and requested well-wishers and party workers to wish him from wherever they are.
18.05 / 08:05
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Supreme Court Collegium recommends appointment of two additional judges as permanent judges of Gauhati HC
Supreme Court Collegium headed by Chief Justice of India (CJI) D Y Chandrachud has recommended to the Centre the names of two additional judges for appointment as permanent judges of the Gauhati High Court. The Collegium, also comprising Justices Sanjiv Khanna and B R Gavai, recommended that Justice Rajesh Sekhri be appointed as an additional judge of the Jammu & Kashmir and Ladakh High Court for a fresh term of one year with effect from July 29, 2024. "… the Collegium resolves to recommend that Justice Susmita Phukan Khaund and Justice Mitali Thakuria, additional judges, be appointed as permanent judges of the Gauhati High Court against the existing vacancies," said one of the Collegium resolutions uploaded on the apex court website. It noted that the Collegium of the Gauhati High Court had unanimously recommended on April 1 the names of these two judges for appointment as permanent judges.
18.05 / 04:15
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Barclays' ex-head of EMEA rates trading is at centre of hedge fund hiring dispute
As we noted a few weeks ago, Eisler Capital the self-proclaimed «intellectually honest hedge fund» that's on a hiring spree is having some issues with a headhunting firm, which says it's owed £389k ($492k) after placing a portfolio manager there.
18.05 / 03:53
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Crypto lender Genesis
Customers
Crypto lender Genesis to return $3 billion to customers in bankruptcy wind-down
Crypto lender Genesis Global received court approval on Friday to return about $3 billion in cash and cryptocurrency to its customers in a bankruptcy liquidation, leaving its owner, Digital Currency Group (DCG), with no recovery from the bankruptcy. US Bankruptcy Judge Sean Lane approved Genesis' Chapter 11 liquidation plan and overruled an objection raised by DCG, which had argued that Genesis should pay its customers and creditors no more than what the crypto assets were valued at in January 2023, when Genesis filed for bankruptcy.
18.05 / 02:23
CEO
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Sony
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mtv
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Sony and Apollo take key step in bid for Paramount's assets
Sony Pictures Entertainment and Apollo Global Management have taken a significant step forward in their effort to court Paramount, three people familiar with the matter said Friday. The two companies have signed nondisclosure agreements with Paramount, allowing them to look at Paramount's nonpublic financial information, said the people, who spoke on the condition of anonymity to discuss active negotiations. Paramount previously shared materials with another suitor, Hollywood studio Skydance.
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