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Patrick Gruhn, the former head of FTX Europe, has acquired a gold pocket watch from the Titanic for nearly $1.5 million, marking the highest amount ever spent at auction on a piece of Titanic memorabilia. 

₹45.3 crore from ₹47.9 crore, proposing that 5.38% of its share capital would be diluted in the process. The company argued that this capital reduction would allow its public shareholders to exit at a fair valuation, given that the shares were not tradeable since their delisting in 2019.

The judge presiding over the trial of a military contractor accused of contributing to detainees' mistreatment at the Abu Ghraib prison in Iraq two decades ago is speculating that the jury may not be able to reach a verdict

Donald Trump used a break in his hush money trial to stage back-to-back appearances in two Midwestern battleground states Wednesday — but kept his legal woes front-and-center as he accused President Joe Biden of weaponizing the courts against him. The former Republican president, who is running for a return to the White House, rallied supporters in Wisconsin and Michigan, among the most hotly contested states in his expected rematch with Democrat Biden in November.

Arizona Senate voted on Wednesday to repeal the state's 1864 ban on abortion, which could otherwise have taken effect within weeks. The repeal was passed by the Senate in a 16-14 vote and is expected to be quickly signed by Governor Katie Hobbs, a Democrat. Two Republican senators crossed party lines to vote in favor of repealing the ban.

IRDAI) is most likely to give the go-ahead to IndusInd International Holdings Limited's acquisition of Reliance Capital's three insurance companies within a couple of weeks, said people aware of the development. The insurance regulator believes Reliance Capital is a major non-banking financial company going through bankruptcy proceedings, which need to be closed within the time frame prescribed by the court, they said. Last week, the committee of creditors had asked IndusInd International Holdings (IIHL) to conclude the process by the May 27 deadline. However, IIHL had informed lenders that without the IRDAI's approval, it would not be able to conclude the transaction. On February 27, the National Company Law Tribunal (NCLT) gave its nod to IIHL's resolution plan worth ₹9,650 crore for Reliance Capital, formerly under the control of Anil Ambani. The NCLT directed IIHL to close the deal within a 90-day period. In March, in a letter to the administrator, the IRDAI had expressed reservations regarding IIHL's takeover of Reliance Capital, particularly about IIHL's diverse shareholder structure, under which no single entity holds more than a 10% stake. The IRDAI requested in-depth information on IIHL's shareholders, including their identities, countries of incorporation, citizenship, equity percentages and details of major shareholder groups.

Nadal was presented with five banners commemorating the titles he won over ten years between 2008 and 2017 and a special trophy from tournament director Felicano Lopez after losing his fourth-round match to Jiri Lehecka shortly after midnight under a closed roof on the Caja Magica. This only served to amplify the fervent cheers of Spanish fans during the two-hour battle. What meant most to the 37-year-old, 36-time ATP Masters 1000 champion was the heartfelt applause of his fans and the tears shed by family members in his players' box.

Allahabad High Court, chairperson of the appellate body for chartered accountants, company secretaries and cost accountants. In a gazette notification, the Ministry of Corporate Affairs (MCA) said three members—Rakesh Mohan, Sandip Garg and Amit Anand Apte--have also been appointed to the appellate authority. Garg is also a whole-time member of the Insolvency and Bankruptcy Board of India. Any member of the institutes for chartered accountants, company secretaries and work and cost accountants held guilty of professional or other misconduct by the relevant disciplinary panels of these bodies can file an appeal with the Appellate Authority against such orders.

Lok Sabha Elections 2024: The Election Commission of India (ECI) on Wednesday said that they have revised protocol for handling and storage of Symbol Loading Unit of EVM (electronic voting machine) and VVPAT (voter-verified paper audit trail). The move comes following the directions of the Supreme Court of India which stated that machines should be sealed and secured in a container and stored in a strongroom along with the EVMs at least 45 days post the declaration of the results.

Telecom regulator to revive talks on spectrum allocation “The courts had to be informed and the application has been disposed of. The government will not go back to the Court," the person said.

news publishers on Tuesday filed a lawsuit against software firm Microsoft and ChatGPT maker OpenAI for copyright infringement in training their generative artificial intelligence (GenAI) models using proprietary material. It comes months after The New York Times took the companies to court for similar reasons. ET explains the case and the trend globally. Who are the plaintiffs this time?

Central Bureau of Investigation (CBI) on Wednesday issued a summons to the brother of arrested and suspended Trinamool Congress leader Shajahan Sheikh in connection with its ongoing investigation of the alleged land grabbing in West Bengal's Sandeshkhali. Shajahan's brother, Sheikh Sirajuddin, who the central probe agency believes has played a crucial role in the scam, has been absconding, he said. «We have summoned Shajahan's brother to appear before our officers on May 6 at our Kolkata office in connection with the land grab case. Our officers went to his residence in search of him but he was not there,» the official told PTI. CBI officers put up the 'summons' notice on Sirajuddin's residence before leaving.

Live Law, a division bench consisting of Acting Chief Justice Manmohan and Justice Manmeet PS Arora described it as a ‘highly adventurous’ plea, contrary to fundamental legal principles. As per a report in ANI, the bench, led by the Acting Chief Justice, dismissed the petition, stating that if allowed, it would set a precedent for dreaded criminals like Dawood Ibrahim to form political parties, contest elections, and campaign through video conferencing. The bench also pointed out that even rapists and murderers could form political parties for such purposes.

Delhi High Court dismissed a Public Interest Litigation (PIL) on Wednesday which sought direction to the Election Commission of India to develop a mechanism promptly to ensure that political leaders and candidates would be allowed to campaign virtually with reasonable restrictions. The bench, led by the Acting Chief Justice, mentioned that if such a thing were to happen, individuals like Dawood Ibrahim and other notorious criminals might establish a political party, participate in elections, and conduct campaigns via video conferencing. The bench also stated that even individuals convicted of heinous crimes such as rape and murder could potentially create a political party for their objectives. The bench, including Justice Manmeet Pritam Singh Arora, stated that they are aware of the propaganda behind such petitions and are well informed about it. They have handled numerous petitions recently and have also imposed costs on the petitioners for submitting frivolous pleas.

The Washington Post, citing documents filed by the fired employees, stated Google violated their rights “by terminating and/or placing them on administrative leave in response to their protected concerted activity, namely, participation (or perceived participation) in a peaceful, non-disruptive protest that was directly and explicitly connected to their terms and conditions of work." Google termed the employees' dissent “completely unacceptable" and issued a statement that read, “We carefully confirmed and reconfirmed that every single person whose employment was terminated was directly and definitively involved in disruption inside our buildings." A former Google employee, Zelda Montes, who was arrested while staging the protest, said, “Google is attempting to instil fear in employees," reported Reuters. She claimed that Google's actions were directed to stop organising efforts in the company, sending the message across to all of its employees that dissent would not be tolerated.

Singapore Airline to pay nearly two lakh rupees to an Indian couple. A police chief from Telangana, Ravi Gupta, along with his wife, sued the airline after he had to manually adjust seats with an automatic recline feature, despite paying 66,750 rupees (about $800) each for a business class seat, according to a New York Post report. Delhi School Bomb Threat live Disappointed with their poor flight experience despite paying a hefty amount for a ticket, Gupta sued the airline for the incident that took place in May last year.

Supreme Court order of 2012, which ruled that frequencies had to be auctioned as they were a national resource, a senior official said. “We just wanted to keep the court informed. That purpose is served. There was no prayer to change the judgement,” the official said. The Supreme Court registrar last week didn’t accept the government’s plea for allowing the administrative allocation of spectrum in some special cases.

Maharashtra Deputy Chief Minister and Nationalist Congress Party leader Ajit Pawar stressed Prime Minister Narendra Modi's "fearless decision making" while hitting out at the opposition for bringing up «low-level issues» against him. Pawar claimed that there has been no corruption charges against PM Modi in the last ten years. «There have been no corruption charges against PM Modi in the last ten years. The opposition has no major issues so they speak about some low-level issues. PM Modi is making decisions without any fear. Opposition got united to target PM Modi but people are smart. They will make the right decision,» Ajit Pawar told reporters on Wednesday.

Harvey Weinstein is due back in a New York courtroom on Wednesday for his first appearance since an appeals court last week overturned his 2020 rape conviction and ordered a new trial. The preliminary hearing in Manhattan is expected to include discussion of evidence, scheduling and other matters, according to Weinstein's attorney, Arthur Aidala. Aidala said Weinstein will attend the hearing, despite the 72-year-old having been hospitalised since shortly after his return to the city jail system on Friday from an upstate prison. He has said Weinstein, who has cardiac issues and diabetes, was undergoing unspecified tests due to his health issues.

The Worldcoin operator Tools for Humanity is expanding its services in Mexico, the firm announced, in spite of lawmakers’ calls for a government probe into its iris-scanning drive.

Binance CEO Changpeng Zhao was sentenced Tuesday to four months in prison for allowing rampant money laundering on the world's largest cryptocurrency exchange. Zhao pleaded guilty in November to one count of failing to take required anti-money-laundering measures and stepped down as Binance agreed to pay $4.3 billion to settle related allegations. U.S. officials said Zhao deliberately looked the other way as people conducted transactions that supported child sex abuse, the illegal drug trade and terrorism.