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₹3.36 trillion owed by defaulting corporations under the Insolvency and Bankruptcy Code since 2016 when the bankruptcy reform was introduced, finance and corporate affairs minister Nirmala Sitharaman said on Thursday.The minister said in a social media post that the recovery, a significant improvement over the previous regime—the Board for Industrial and Financial Reconstruction (BIFR)—represents around a third of what was claimed by creditors and 162% of the liquidation value of the assets. The BIFR regime achieved debt resolution of fewer than 3,500 cases in the nearly 30 years since its inception in 1987 whereas IBC has rescued 3,171 distressed companies between 2016 and March 2024 and helped shut down unviable businesses, the minister said in the post.

CBS, this happened in Michigan, the United States, where a man appearing virtually in a Washtenaw County court hearing was caught actively driving under a suspended license.ALSPO READ: Viral video: Man performs dangerous stunt on moving car, Mumbai Police reactsAccording to the report, the incident occurred on 15 May when Judge J. Cedric Simpson was hearing a case of 44-year-old Corey Harris, who was scheduled to attend the hearing for charges stemming from an earlier arrest in Pittsfield Township.The video showed that Harris joined the hearing and was behind the wheel of a car in motion.

Heavy rainfall lashed the coastal state of Kerala and eight people were reportedly injured due to lightning."Normal date (for the arrival of Monsoon in the northeast) was 5th June, but it arrived today. In Kerala, it was supposed to be on 1st June, but it arrived here on 30th May.

electronic tax return filing system that it experimented with this year and is asking all 50 states and the District of Columbia to help taxpayers file their returns through the program in 2025. The IRS tried the Direct File project for the 2024 tax season on a limited basis in 12 states for people with very simple W-2s, the employee’s wage and tax statement. The agency also is inviting all states with a state income tax to sign up and help people file their state returns for free.

Stocks that are trading heavily or have substantial price changes on Thursday: Salesforce, Agilent fall; HP, Foot Locker rise

Medical supply company Medline Industries is recalling some 1.5 million portable adult bed rails across the U.S. and Canada, following two reports of entrapment deaths associated with the products

The number of Americans applying for unemployment benefits ticked up last week, but layoffs remain historically low in the face of lingering inflation and high interest rates

Season 3. With numerous loose ends and cliffhangers, viewers are left wondering if Molly Wells and her eclectic team will return for more comedic escapades.

Sri Lankan government on Thursday said that four of its nationals arrested in India last week by the authorities in Gujarat for links with the Islamic State terror group have no record of being "religious extremists" but drug addicts. Speaking to reporters in the Eastern town of Ampara, Secretary of Defence Kamal Ginaratne said that the Sri Lankan authorities were also asked to check on the background of those arrested in India and accordingly after a probe it has been found that they are into drugs. «We are currently investigating them. We have found them to be severely addicted to drugs. They are not religious extremists,» Gunaratne said responding to a question. He said that the Sri Lankan authorities have arrested more of their associates but it won't be right to reveal any more details on them as the investigation is going on.

Apollo Hospitals on Thursday reported a 76% year-on-year (YoY) jump in net profit to Rs 254 crore in Q4FY24, led by growth across the hospital, diagnostics, speciality and pharmacies businesses. The company reported a net profit of Rs 145 crore in the corresponding quarter of the previous year.

Wall Street today: US stocks slide after revised Q1 economy dataAt 12:13 p.m. EDT, Salesforce shares were at $217.93, down 19.77 per cent.For the fiscal first quarter ending April 30, the company reported 11 per cent increase in revenue at $9.13 billion.Its adjusted profit, excluding some items, was 44 per cent higher at $2.44 per share.It expects second quarter revenue between $9.20 billion and $9.25 billion.ALSO READ: Salesforce Eyes Informatica to Boost Data CapabilitiesSan Francisco-based Salesforce kept its fiscal year 2025 revenue forecast unchanged.

Odisha on 30 May and gradually reduce thereafter.Meanwhile, severe heatwave conditions turned fatal on Thursday after deaths due to heatstroke were reported. The Delhi government has also taken measures top combat casualties from the severe heatwave.The relentless heatwave engulfing Haryana and Punjab showed no signs of abating on Thursday, with scorching temperatures persisting in several regions.

ALSO READ: Viral video shows Kerala mall area flooded after rain; netizens react, ‘Absolute lack of vision’He took to X and wrote, "Ye ola wale bhaiya checking server logs while driving is my @peakbengaluru moment"After sharing the tweet, it has gone viral and garnered 72.9k views and 1.3k likes.Following this tweet, he also added another post, writing, "Okay, this is doing numbers. Check out my work here: @CreworkHQ Want to learn how to build products? Let's get in touch!"ALSO READ: Viral video | Crocodile out on adventure: 10-foot gator tries climbing railing in UPLohith R K, write, "Drink and Drive, Him: Debug and Drive (Sic)"Gowri wrote, "IT job is his side hustle (sic)"Another commented, "Accident to hote rehenge, pehle logs check kar leta hun"Yash wrote, "aren't devs supposed to build projects as side-gigs? (sic)"A social media user wrote, "But it looks like he’s using termux imo"Mani wrote, "That is the only way to beat Idli wala."Ayush Saini commented, "incident se accident tak ka safar"A netizen wrote, "They are not sever logs .

Tata Steel Ltd will start generating operating profit from the latter half of this financial year, managing director T.V. Narendran said, once its blast furnaces are shut and the unit begins processing crude steel imported from India and the Netherlands. The company’s Dutch unit, also in the red in the March quarter, will turn an operating profit in the current quarter as full-scale production has resumed after lengthy maintenance work, Narendran said in an interview.

Also read | Mint Primer | Into the 50s: Why heatwaves are hotter & longerDelhi's primary weather station, the Safdarjung Observatory, recorded its second-highest maximum temperature of this summer season so far on Thursday.This came a day after recording a 79-year high of 46.8 degrees Celsius on Wednesday, according to the IMD data.On June 17, 1945, a temperature of 46.7 degrees Celsius was recorded. On Wednesday, Delhi's Mungeshpur recorded a maximum temperature of 52.9 degrees Celsius, the highest temperature recorded in the country.Following this, IMD officials released a press statement saying that they are examining the sensors and data of the area's weather station for any potential errors.However, the IMD has not issued any report on the inspection of the water sensors in Mungeshpur till nowThe ministry has mandated imported coal based plants to operate full capacity till September 2024.

IDFC First Bank Ltd. on Thursday said its board approved a proposal to raise ₹3,200 crore through a preferential allotment of shares.

AI and clean energy: Prepare for the global economy that's emergingMoreover, the consumer electronics industry is set to contribute to this growth, driven by the steady rise in AI-specific chips used in personal computers. This trend is expected to continue over the next three years, the report said.Gartner's analysis indicates that 'AI PCs', including desktops and laptops equipped with dedicated chips for AI tasks, will account for just over one-fifth of all new desktop and laptop sales worldwide this year.“By the end of 2026, 100% of enterprise PC purchases will be an AI PC," the report said, highlighting the potential impact of Microsoft’s announcement on the launch of AI PCs earlier this month.On 20 May, Microsoft CEO Satya Nadella introduced 'Copilot+ PCs', a set of specifications mandating brands to incorporate chips with dedicated neural processors to enhance new features available on Microsoft’s Windows operating system.

₹253.8 crore for the quarter ended March, a 76% rise from the corresponding three months a year ago, buoyed by a continued reduction in losses at its pharmacy, health and lifestyle segments.During Q4, it reported revenues of ₹4,944 crore, a 15% y-o-y rise from ₹4,302.2 crore. The results were in line with Bloomberg analyst estimates.“The increase in PAT is not just attributable to the revenues but also significantly to the improving overall profitability of HealthCo, on which we have been working to break even quarter on quarter.

Siri will gain a deeper comprehension of entities such as individuals, organizations, events, locations, and dates. This upgrade will enable Siri to generate more accurate and insightful replies and summaries.One of the standout features in iOS 18 could be the "Greymatter Catch Up" functionality, which is anticipated to keep users updated on their notifications while they are away from their devices.

Generative AI is poised to reshape the landscape of financial advice for retail investors, with more GenAI tools emerging as a prominent source of advice, according to a new report from Deloitte.

Facet, a fintech company that provides fee-only financial advice through a subscription-based model, is boosting its ability to offer estate planning services through a new strategic partnership.