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Month: April 2025

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BluSmart crisis: Investors tighten contracts

[ad_1] MUMBAI: Financial and corporate governance lapses at Gensol Engineering and its affiliate BluSmart have nudged investors to tighten the terms of investment contractsand incorporate additional clauses to protect their investments, lawyers told TOI. A series of frauds and governance mishaps at startups over recent years already made investors legally prudent, but now they are seeking more.For instance, they want founders and promoters to disclose their sources of income, said Maulin Salvi, leader, corporate governance practice at Nishith Desai Associates.They are also expanding the definition of bad leaver events (circumstances in which a founder or key employee exits the company under unfavourable conditions) and making the due diligence process more rigorous. Earlier, only criminal complaints against founders were considered a bad leaver event, allowing investors to remove them from their positions. Now, its ambit is being broadened to include breaches […]

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Nari ‘Shakti’: UPSC exam topper, No. 2 & 4 women; Delhi man 5th

[ad_1] NEW DELHI: Women bagged the top two slots in Civil Services Examination 2024, with Shakti Dubey from Prayagraj acing the list of successful candidates, and Harshita Goyal, a CA from Vadodara, ranking second. The third spot went to a man, Archit Parag Dongre, a BTech from Vellore Institute of Technology and a resident of Pune, ahead of Shah Margi Chirag — a woman from Ahmedabad who is an engineer. Delhi’s Aakash Garg, who lives in Rohini and completed his BTech from Guru Gobind Singh Indraprastha University here, came fifth.Of the total candidates recommended for various elite services, including IFS, IAS and IPS, 284 are women and 725 men. The top 25 candidates are from diverse educational backgrounds: engineering, humanities, science, commerce, medicine and architecture, and have studied from institutions such as IIT, NIT, JNU, DU and University of Allahabad. […]

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SC’s TN ruling doesn’t entirely cover Kerala government dispute: Centre

[ad_1] NEW DELHI: Centre on Tuesday contended before Supreme Court that its recent ruling in Tamil Nadu governor’s case, which fixed a time period for President and governors to take decisions on bills, does not address all aspects of the legal battle between Kerala govt and its governor.Kerala govt counsel K K Venugopal told a bench of Justices P S Narasimha and Joymalya Bagchi that the issue raised by it stood addressed by SC’s recent verdict. “Matter covered by the recent judgment. The issue is what is the time limit for reference to the President. That is held to be three months… based on a Govt of India circular,” Venugopal said.Kerala government had approached SC against the governor for sitting on bills passed by the state assembly in 2024.Attorney general R Venkataramani and solicitor general Tushar Mehta, appearing for the […]

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Russian artist reveals ‘mystery’ Donald Trump portrait gifted by Vladimir Putin to US president

[ad_1] The portrait of Donald Trump gifted to him by Vladimir Putin A portrait of Donald Trump, commissioned by the Kremlin and gifted to the US president by his Russian counterpart Vladimir Putin, shows the Republican Party's then presidential candidate striking his now iconic "raised fist" pose after the failed assassination attempt on him at a July 2024 rally, the artist behind the painting has revealed.The hitherto "secret" portrait also has the US flag and the Statue of Liberty, which are in the background.Nikas Safronov, who gave CNN an exclusive look at his painting, said he wanted to highlight Trump's "bravery."Safronov, one of Russia's most famous artists, said, "It was important to me to show the blood, the scar and his bravery during the attempt on his life. He didn’t break down or become afraid, but raised his arm to […]

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US Education Department to resume student loan collections after 4-year pause, impacting 4 million borrowers

[ad_1] 4 million borrowers impacted as US resumes student loan collections after 4-year pause The US Department of Education has announced it will resume collections on defaulted federal student loans for the first time since 2020, marking a significant shift in student loan policy. The decision is expected to affect nearly 4 million borrowers who are currently in late-stage delinquency.As reported by Fox News, the move will officially take effect on May 5, 2025, when the Education Department partners with the Treasury Offset Program to begin collecting overdue payments. The decision ends a four-year pause that began in March 2020 under the first Trump administration in response to the Covid-19 pandemic.Delinquency rates signal mounting crisisAccording to a senior department official quoted by Fox News, only 40% of federal student loan borrowers are currently up to date on their payments, while […]

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Sustaining India’s growth requires bold reforms, Budgets have laid groundwork for this transformation: FM Sitharaman | India-Business News

[ad_1] India’s long term growth over the next two decades will rely on a new approach, rooted in bold reforms, better domestic capabilities, and strategic institutional partnerships designed for the growing global landscape, finance minister Nirmala Sitharaman has said at Stanford University California.FM Sitharaman highlighted the various projects undertaken by the Indian government in the last couple of years which has helped in the creation of a strong foundation for a manufacturing-oriented growth in the nation. She also spoke about the strength of the US in the field of start-ups.This has been enabled by a more than four-fold increase in the union government's capital expenditure between 2017-18 and the 2025-26 Budget, she said in reference to India's growing economy."Our experience with implementing the Business Reform Action Plan by different state governments has demonstrated that deregulation is a powerful catalyst for […]

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J&K attack: Terrorists massacre 28 tourists in Pahalgam | India News

[ad_1] SRINAGAR: At least 28 tourists were killed and many wounded on Tuesday when terrorists opened fire in a picturesque meadow near the resort town of Pahalgam in J&K, marking the deadliest attack since the abrogation of Article 370 in 2019.The Resistance Front, a proxy of ISI-backed LeT, claimed responsibility for the attack.The attack coincided with US Vice-President J D Vance's four-day visit to India and PM Narendra Modi's arrival in Saudi Arabia for strengthening bilateral engagement with the influential Islamic country. Equally significantly, it followed a bellicose speech of Asim Munir, chief of the Pakistan army, the mainstay of terrorists.This was the deadliest attack on tourists since militancy began in Kashmir in the 1990s. It brought back memories of the March 2000 massacre in Chittisinghpora in Anantnag district, where 36 members of the Sikh community were killed days before […]

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Pahalgam terror attack: PM Modi cuts short his Saudi Arabia visit, to leave for India on Tuesday night, say government sources | India News

[ad_1] NEW DELHI: In the wake of terror attack in Jammu and Kashmir's Pahalgam that killed 26 people, Prime Minister Narendra Modi cut short his two-day Saudi Arabia visit and decided to return to New Delhi on Tuesday night, government sources informed.PM Modi, who arrived in Jeddah on Tuesday afternoon for bilateral talks with Saudi Crown Prince Mohammed bin Salman, delayed their scheduled meeting by over two hours to assess the developing situation in Kashmir. Amid the escalating crisis, PM Modi also skipped an official dinner hosted that evening. Originally slated to return to India on Wednesday night, his plans were adjusted in response to the unfolding events."I strongly condemn the terror attack in Pahalgam, Jammu and Kashmir. Condolences to those who have lost their loved ones. I pray that the injured recover at the earliest. All possible assistance is […]

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‘Alarming rise in threats’: Texas murder accused Karmelo Anthony moved to ‘undisclosed location’ for his safety

[ad_1] Karmelo Anthony, the accused in fatal stabbing of fellow student Austin Metcalf, has been moved to an "undisclosed location" to ensure his safety, after the 17-year-old reportedly received death threats while under house arrest.Also Read: Who is Karmelo Anthony, US teen charged with murder of Austin Metcalf?The Anthony family said in a press release they were "gravely concerned," after there was an “alarming increase” in threats and harassment over the weekend, Fox4 reported.According to representatives, people have been "loitering outside" the family’s home, mailing them Metcalf’s obituary and making "false food deliveries."Since Anthony's release from jail on a $250,000 bond, reduced from $1 million, Karmelo and his family have been holed up in a Frisco house they purchased with the money raised for his legal fight.Also Read: Did an Indian-origin couple rent their home to Texas murder accused Karmelo […]

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TSBIE Intermediate results 2025 declared: Supplementary exam and reverification schedule announced, apply for recounting before April 30

[ad_1] TSBIE announces Intermediate results 2025; IPASE schedule and reverification details released. (Representative image) TSBIE results 2025: The Telangana State Board of Intermediate Education (TSBIE) has declared the results for the Intermediate Public Examinations 2025. Students can now download their marks memos online from the official TSBIE website.According to the board, over 3.2 lakh students are expected to appear for the Intermediate Public Advanced Supplementary Examinations (IPASE) in May 2025. The board has also opened applications for recounting and scanned copy-cum-reverification of answer scripts for both first- and second-year students.Overall performance: General and vocational pass percentagesTSBIE has released detailed pass percentages for both general and vocational streams. The overall first-year pass percentage stands at 65.96%. Second-year students in the general stream performed better than their vocational counterparts, especially among regular candidates.First year pass percentageStreamPass percentageGeneral 66.89%Vocational 57.68%Combined 65.96%Second year pass […]

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