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Jet Airways promoter Naresh Goyal diverted Rs 9.46 crores out of a loan granted by Canara Bank to the airline to his wife, son and daughter, from 2011-12 till 2018-19, a remand application filed by the Enforcement Directorate said. Another Rs 1,152 crore was siphoned off as consultancy expense during those five years and salary expense of Goyal’s residential staff at Delhi and Mumbai was being borne by Jet Airways. ED also said that Goyal diverted Rs 2,547 crore showing a payment to its subsidiary JetLite and then wrote off the amount. The central agency on Friday night arrested Goyal and today produced him before a PMLA court in Mumbai. Amit Agarwal, then Chief Financial Officer of the company told ED during interrogations that these payments were directly approved by Goyal himself. “On being asked by the CFO, Naresh Goyal authoritatively replied that these payments were critical for the functioning of the company and there was no point in asking further questions,” the ED said. “As per the CFO, the finance department had no say about these payments and it was directly approved by Goyal through his secretary,” the agency added. A consortium led by State Bank of India of which Canara Bank is part owes Rs 6,000 crore to the airline which has now been marked as Non-Performing Asset (NPA) after the airline shut business in 2019. Lenders will lose 95% haircut on the recovery of the amount if a consortium manages to restart the airline.

Actor and investor Ashton Kutcher’s venture capital firm, Sound Ventures LLC, is among the investors for open source AI company, Hugging Face.

The cryptocurrency market is once again filled with dramatic twists and turns. While Bitcoin price faces headwinds, largely due to the US Securities and Exchange Commission's (SEC) recent decision to delay approvals for spot bitcoin exchange-traded fund (ETF) applications, there's a palpable buzz in the meme coin sector. 

A pattern break in Larger Caps For the past decade, a select set of stocks sustained valuations that many would argue were 5 to 10 times their intrinsic valuation. Investors in these companies pointed out the predictability of their earnings, dominant brands, indestructible moats, distribution prowess, attractive working capital dynamics, clean accounts and high barriers to entry.

Alternative investments can play a crucial role in enhancing portfolio resilience. These investments offer unique benefits that can help investors navigate market volatility and achieve better risk-adjusted returns. Here's how alternative investments can enhance portfolio resilience:Portfolio Diversification: Diversification is the key component of alternative investments' contribution to portfolio resilience.

Pratapgarh district in Rajasthan. Speaking to ANI, Diya Kumari launched an attack on the state government led by Chief Minister Ashok Gehlot. She said that they have no right to be in power. «They have no right to be in power. A few days are left. The people of Rajasthan will show them the right direction», the BJP MP said. «When the video went viral, then the administration went active and arrested some of the accused.

Pakistan's headline inflation persisted at 27.4 percent year-on-year in August, official data showed, as a tumbling rupee and soaring bills blamed on an IMF bailout package hampered government efforts to rein in prices. Pakistan was on the brink of default this summer, before the International Monetary Fund agreed to a lifeline deal on condition that the government cut subsidies that had cushioned living costs. Since then, the rupee has crossed an historic threshold of 300 to the dollar, whilst Islamabad has hiked petrol prices and electricity costs have spiked, sowing widespread discontent. Prices rose 1.7 percent month-on-month in August, according to government statistics released Friday, and the year-on-year figure of 27.4 percent was only one point shy of July's, signalling little relief. In August, motor fuel cost eight percent more than July, whilst water bills in urban areas rose more than 11 percent and the price of tomatoes was up as much as 82 percent. Pakistan's retailers said they will keep shops shuttered Saturday in protest over the soaring costs which have become a lightning rod for public anger ahead of forthcoming general elections.

gold closed almost flat at $1,940 on Friday as US treasuries fell, despite a weak monthly US job report. The surge in yields on Friday boosted the US dollar index, thus mitigating the impact of a weak job report. However, the yellow metal was up nearly 1.37% for the week as yields were lower in the week ending September 1. The US non-farm payroll report for August was softer than expected.

Aditya-L1 was launched today at 11:50 am from the Sriharikota launch pad in Andhra Pradesh by the PSLV-C57 rocket. Following the successful landing of a lunar lander on the moon's uncharted South Pole on August 23, ISRO shifted its focus to this solar space observatory mission. Aditya-L1 carried seven different payloads designed to study the sun in detail.

The Economic Times. In an official statement, the company revealed its plan to cut around 4% of its workforce. It said that Pega expects some of the job cuts in the state of Massachusetts, ET reported, citing Boston Business Journal. "These will be go-to-market roles in order to simplify our client engagement approach and better support our business strategy.

By Xie Yu, Kevin Huang and Li Gu

farmers have planted 39.8 million hectares (98.3 million acres) with rice, up 3.7% on the same period last year, farm ministry data showed on Friday, as record high prices prompted farmers to expand the area. Higher rice planting could alleviate supply concerns in the world's second biggest producer and consumer of the grain.India surprised buyers in July by imposing a ban on the export of widely consumed non-basmati white rice, following a ban on broken rice exports last year. New Delhi's decision to ban overseas shipments of its largest rice export category would be likely to roughly halve shipments by the world's largest exporter of the grain. «Farmers are very interested in rice, but the weather is not supporting the planted crop.

₹6,700 per tonne. For the past two weeks, the levy was at ₹7,100 per tonne after it was increased on 14 August. However, the ministry has raised the Special Additional Excise Duty (SAED) on the export of diesel to ₹6 per litre from ₹5.50 a litre.

Sankalpa (Pledge): Begin your fast with a sankalpa, a solemn pledge, affirming your complete devotion to Lord Krishna. Chant the name of Lord Krishna throughout the day. Pre-fast Meal: Have a pre-fast meal on Janmashtami to support your digestive system and provide the necessary strength for the day ahead.

₹ ₹4.30 crore on Day 22, Sacnilk.com has reported. With this, the total collection of the film stands at ₹486.75 crore nett in India. During Raksha Bandhan, the film's collection picked up and showed an improvement of 71 percent, however on its Day 22, it has again seen a drop.

reality has become, that’s a really good example of it, because if, in fact, this were any other time and place, this race would not be happening this way," said Fabrizio, who also works for a super PAC supporting Trump’s candidacy. The survey revealed other findings about the Republican primary race: > At 13% support, DeSantis’s position has collapsed since April, when 24% backed him in a slightly different field of candidates tested by the Journal. > GOP primary voters believe businessman Vivek Ramaswamy and former Gov.

Aha Video, primarily known for Telugu language content, has announced a new reality show called Family Dhamaka that will launch on September 8. It is a remake of Family Feud, an international game show and has been produced by Fremantle India. Aradhana Bhola, managing director, Fremantle India said the format has been successfully produced in 63 territories worldwide.

tribal woman was allegedly stripped naked and paraded in a village in Rajasthan's Pratapgarh district by her husband, police said after a video of the incident surfaced online. Initial investigation revealed that the woman was in a relationship with another man, Dhariyawad SHO Peshawar Khan said on Friday, adding that the incident took place on Thursday. Director General of Police (DGP) Umesh Mishra said the in-laws of the woman kidnapped her and took her to their village where the incident took place.