Category: Cartoons

TestApp Liveblog Arvind Kejriwal withdraws SC petition against ED arrest, will seek relief before PMLA court

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

Listen to the Article (6 Minutes)

In a turn of events, Delhi Chief Minister Arvind Kejriwal withdrew his petition on Friday, March 22, challenging his arrest by the Enforcement Directorate (ED) from the Supreme Court. Instead, his legal team now intends to contest the arrest and pursue relief before the Prevention of Money Laundering ActIn a turn of events, Delhi Chief Minister Arvind Kejriwal withdrew his petition on Friday, March 22, challenging his arrest by the Enforcement Directorate (ED) from the Supreme Court. Instead, his legal team now intends to contest the arrest and pursue relief before the Prevention of Money Laundering ActIn a turn of events, Delhi

Chief Minister Arvind Kejriwal withdrew his petition on Friday, March 22, challenging his arrest by the Enforcement Directorate (ED) from the Supreme Court. Instead, his legal team now intends to contest the arrest and pursue relief before the Prevention of Money Laundering ActIn a turn of events, Delhi Chief Minister Arvind Kejriwal withdrew his petition on Friday, March 22, challenging his arrest by the Enforcement Directorate (ED) from the Supreme Court. Instead, his legal team now intends to contest the arrest and pursue relief before the Prevention of Money Laundering Act

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Std article test new update

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

Listen to the Article (6 Minutes)

Enforcement Directorate (ED) in connection with a money laundering case linked to alleged irregularities in the Delhi Jal Board. This is the first time Kejriwal was summoned in the case.

Calling it a “backup” plan to stop Kejriwal from campaigning for the upcoming Lok Sabha elections, the Aam Aadmi Party (AAP) termed these summons “illegal” and accused the BJP government of using the central agencies to target opposition leaders.

The party also sought to know why the probe agency is issuing summons despite the court granting bail for skipping the same.

Delhi minister Atishi, at a press conference, expressed concerns over the motive behind these actions and said, “Nobody knows what this Delhi Jal Board (DJB) case is about. This seems to be a backup plan to arrest Kejriwal anyhow and stop him from campaigning in the Lok Sabha polls.”

motive behind these actions and said, “Nobody knows what this Delhi Jal Board (DJB) case is about. This seems to be a backup plan to arrest Kejriwal anyhow and stop him from campaigning in the Lok Sabha polls.”

motive behind these actions and said, “Nobody knows what this Delhi Jal Board (DJB) case is about. This seems to be a backup plan to arrest Kejriwal anyhow and stop him from campaigning in the Lok Sabha polls.”

#WATCH | Spanish woman gang rape case | A compensation of Rs 10 lakhs handed over to the husband of the rape survivor, by Deputy Commissioner in Dumka, Jharkhand. pic.twitter.com/c2QU9QxWBQ

— ANI (@ANI) March 4, 2024

 

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Tells Him to Walk Home from School, Runs Him Over with Her Car 2

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

Listen to the Article (6 Minutes)

Sarai Rachel James, a resident of the US state of Alabama, mistakenly ran her car over her seven-year-old child after forcing him to walk home from school as a punishment. Police officials from the city of Boaz, Alabama said Sarai Rachel James picked her son up from the school on February 9 and heard from the principal that her child got into trouble earlier that day and decided to punish him to set an example going forward.

The mother stopped the car a short distance from the school and then told her son to walk home from there. The school and the house were eight blocks away from each other.

The boy initially started walking home but suddenly tried to grab the handle of the car door when the vehicle was moving. The mother suddenly accelerated the car, pulling her son under the car. He was run over with the back tire. The child was hospitalised with abrasions.

“It was a miracle he was not hurt worse than what he could have been,” Boaz police department chief Michael Abercrombie was quoted as saying by the AL.

However, the police and the investigators believe that Sarai Rachel James ran him over accidentally. Boaz police chief Michael Abercrombie did, however, point out that it was the punishment that led to the incident. “She may not have realised he was doing that,” he said.

Sarai Rachel James, 27, has been charged with aggravated child abuse in connection with the incident. She was released on $50,000 bond.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Stock Market LIVE: Nifty trades near 22,450, led by Kotak Mahindra Bank, ICICI Bank

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

Listen to the Article (6 Minutes)

Stock Market LIVE Updates | Indian benchmark indices Nifty 50 and Sensex are trading with gains after hitting fresh all-time highs. Kotak Mahindra Bank, ICICI Bank, Axis Bank, Tata Consumer Products, IndusInd Bank are the top contributors towards Nifty 50’s upside.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Deepika Padukone Pregnant? Actress Expecting Her First Baby With Ranveer Singh updated

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

Listen to the Article (6 Minutes)

Is Deepika Padukone pregnant? A new report has claimed that Deepika is expecting her first baby with Ranveer Singh. Deepika has been married to Ranveer for over five years now. On Tuesday, a report by The Week has claimed that Deepika is preparing for motherhood. A source told the publication, “The actor is said to be in her second trimester.” Deepika and Ranveer are yet to address these claims.

It is also interesting to note that the news of her pregnancy comes shortly after it was reported that Deepika has opted out of The White Lotus season 3. Last month, it was rumoured that Deepika will be seen in third season of the hit HBO show. However, over the weekend, it was reported that Deepika has opted out of the show.

Meanwhile, this is not the first time that Deepika has been subjected to pregnancy rumours. Last month, when Deepika shared photos from the promotions of Fighter, fans believed to have noticed a ‘bump’ and soon enough they flooded the comments section asking if she was pregnant.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Hero MotoCorp is gearing up to challenge Royal Enfield and Bajaj Auto with the Mavrick

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

Listen to the Article (6 Minutes)

Hero MotoCorp is poised to make its foray into the 400cc plus segment with the Mavrick motorcycle, set to be launched on 23rd January. The Mavrick will be based on the Harley Davidson X440 platform.

While the X440 is a motorcycle manufactured by Hero MotoCorp for Harley Davidson, the Mavrick will be a Hero-badged motorcycle that the company can sell across India and even export to key markets. Hero MotoCorp aims to commence dispatches by the end of February.

The Mavrick 440cc will be launched at Hero MotoCorp’s Centre for Innovation Technology in Jaipur. However, that’s not all. The company is set to unveil a medium to long-term roadmap at the event, according to a source.

While Mavrick will be the major launch, the company will also showcase a range of two-wheelers across ICE, flex fuel, and electric technologies. The company will present production-ready vehicles across segments, including a 125cc motorcycle. Some of these vehicles will be launched later in FY25.

Also Read: TVS and Bajaj stir up competition among India’s leading EV makers, emerge as Ola’s newest rivals

The 400cc segment is considered a sweet spot in the two-wheeler segment, with Royal Enfield holding almost 90% market share. Bajaj Auto has the KTM 390, Bajaj Dominar 400cc, and two Triumph motorcycles in the 400cc plus segment. Bajaj Auto sold 18,000 Triumph motorcycles in Q3 FY24 and can ramp up production to 10,000 per month.

In December 2023, Hero MotoCorp, a leading player in the entry-level segment, sold 460,000 two-wheelers.

Despite being the market leader with a 32% share, Hero continues to face stiff competition from Honda Motorcycle & Scooter India (HMSI), which holds a 24% market share.  Growing the footprint in premium motorcycles and exports is critical for Hero MotoCorp to continue maintaining its market share.

Also Read: Government considers tax rationalisation for hybrid cars

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Piramal Enterprises Q2 profit at Rs 48 crore, revenue rises 16%

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

Listen to the Article (6 Minutes)

Diversified group Piramal Enterprises Ltd (PEL) on Thursday reported a net profit of ₹48 crore for the July to September quarter of the current fiscal. The company posted a net loss of ₹1,537 crore for quarter ended September 30, 2022.

The non-banking financial company’s (NBFC) revenue from operations grew 16% to ₹2,193 crore during the quarter under review, compared to ₹1,893.71 crore in the same quarter a year ago.

Total income of Piramal Enterprises surged 13% to ₹2,205.21 crore for the period as against ₹1,956.23 crore in the corresponding quarter of last fiscal.

The company also said that it has successfully completed share buyback of ₹1,750 crore, announced by the Board last quarter.

The NBFC reported strong net worth of ₹28,710 crore with capital adequacy ratio of 31% on consolidated balance sheet.

Consolidated gross non-performing assets (GNPA) ratio fell 10 basis points to 2.7%, while net NPA ratio stood flat at 1.5%.

The company’s total assets under management (AUM) rose 4% quarter-on-quarter and 5% YoY to ₹66,933 crore.

“Our performance in the second quarter was supported by growth in AUM, led by retail business. The improved mix between the retail and wholesale showcases our dedicated efforts in building a robust and diversified non-banking financial institution,” said Ajay Piramal, Chairman of Piramal Enterprises.

“We are also pleased that we completed the share buyback during the quarter, thus reiterating our commitment to value creation. Our balance sheet reflects a robust financial position, characterised by strong net worth and capital adequacy ratio,” Piramal said.

“Our retail lending business is consistently growing, driven by increased disbursements to fulfil the credit needs of the ‘Bharat’ market. We will continue investing in talent, branches, cognitive intelligence, and data analytics to keep this momentum going,” the Chairman said.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Unacademy’s Graphy cuts about 30% jobs; company denies layoffs, cites performance as reason

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

Listen to the Article (6 Minutes)

Edtech giant Unacademy’s software-as-a-service (SaaS) platform Graphy has laid off about 20-30% of its workforce, or nearly 50 employees. The news was first reported by Inc42 which claimed that Graphy has been struggling to meet revenue targets, prompting a restructuring within the company.

However, in a statement to CNBC-TV18, the company said that the job cuts happened based on performance and had nothing to do with layoffs or revenue growth plans. 

“At Graphy, we are committed to growth and have a strong belief in our mission to empower creators and educators to scale their online brands and business by launching their online courses and selling them through our platform. We continue to make significant strides in achieving our goals, and our commitment to our mission is unwavering,” a Graphy spokesperson told CNBC-TV18.

“Our employees echo this commitment and are working steadfastly towards our mission. We have not done any layoffs and we remain focused on enhancing our team’s performance and overall productivity so we can continue to compound our growth,” it added.

The development comes after Unacademy CEO Gaurav Munjal praised Graphy, which provides learning management system services to edtech creators. Mujal in a tweet claimed that the creators were earning about $3 million per month (₹24 crore) by selling courses on Graphy.

In January, Graphy CEO Sumit Jain tweeted that the company has achieved operational profitability. The company’s FY22 revenue stood at ₹8.86 crore against a loss of ₹3.6 crore.

Earlier, Unacademy laid off several employees from its other flagship group companies. In January, the edtech platform laid off 40 employees, or 20% of its workforce, from Relevel. In June last year, Unacademy fired nearly 150 employees, or about 2.6% of the workforce from PrepLadder, as part of a performance improvement programme (PIP).

After firing nearly 350 employees in November last year, Unacademy announced to reduce the size of the team by 12% or more than 350 employees in March this year.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Securities Appellate Tribunal reserves order in Subhash Chandra and Punit Goenka versus Sebi case

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

Listen to the Article (6 Minutes)

(Will be updated)

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow