Month: June 2025

[ad_1] NEW DELHI: A senior Indian Revenue Service officer has been arrested after the Central Bureau of Investigation (CBI) uncovered a bribery racket involving a major cash seizure and gold haul. Amit Kumar Singal, a 2007-batch IRS officer serving as Additional Director General at the Directorate of Taxpayer Services, was arrested alongside his associate Harsh Kotak in connection with an alleged bribe of Rs 25 lakh.CBI officials confirmed on Monday that raids at Singal’s residences in Delhi and Punjab led to the seizure of approximately Rs 1 crore in cash, 3.5 kg of gold, and 2 kg of silver. The operation followed a complaint by Sanam Kapoor, owner of La Pino’z Pizza, who alleged that Singal demanded a total of Rs 45 lakh to settle an income tax notice issued earlier this year.According to the complaint, Singal had leveraged his […]

[ad_1] NEW DELHI: Mumbai Indians (MI) missed out on reaching the IPL final for the fifth straight season, crashing out after a loss to Punjab Kings (PBKS) in Qualifier 2 on Sunday, June 1. Batting first, the Hardik Pandya-led side posted a solid 203/6. Despite picking up two early wickets in the powerplay, MI couldn’t keep PBKS from staying in the hunt.A brilliant unbeaten knock of 87 off 41 balls from Shreyas Iyer guided PBKS to a successful chase in 19 overs, with five wickets in hand. After the defeat, MI owner Akash Ambani visited the dressing room to speak with the players."The last thing that I want to leave you with it's actually one of my dad's quotes that situations and circumstances like this can either make two choices, right: Becoming a bitter person or becoming a better person. […]

[ad_1] London-based Builder.ai, once valued at $1.5 billion and backed by Microsoft and Qatar's sovereign wealth fund, has filed for bankruptcy after reports that its "AI-powered" app development platform was actually operated by Indian engineers, said to be around 700 of them, pretending to be artificial intelligence.The startup, which raised over $445 million from investors including Microsoft and the Qatar Investment Authority, promised to make software development "as easy as ordering pizza" through its AI assistant "Natasha." However, as per the reports, the company's technology was largely smoke and mirrors, human developers in India manually wrote code based on customer requests while the company marketed their work as AI-generated output.Builder.ai's dramatic collapse came in May 2025 when lender Viola Credit seized $37 million from the company's accounts after discovering the startup had inflated its 2024 revenue projections by 300%. Founder […]

[ad_1] As the San Francisco Giants and San Diego Padres were set for a clash on June 2, 2025, anything Matt Chapman-related was bound to pique the curiosity of the fans, for he is their premier third baseman. After undergoing a collision during a game that could have endangered his physical condition, the question arose as to whether or not the 31-year-old infielder would be able to show up for the all-important division clash tonight. In a battle for division placement in the National League West, the presence of Chapman could sway the outcome. So, is he taking the field? Here's what we know about his state and potential availability for the game.An incident for Matt Chapman's fitnessSan Francisco Giants third baseman Matt Chapman was involved in a collision with Miami Marlins' Liam Hicks during the fifth inning of Sunday's […]

[ad_1] Ukraine on Sunday launched one of the most audacious operations of the Russian war so far. Kyiv used first-person-view (FPV) drones to strike 41 Russian warplanes across four airbases, including some as far away as Siberia. The attack, carried out by Ukraine’s Security Service (SBU), inflicted what Kyiv claims is $7 billion in damages, targeting long-range bombers and surveillance aircraft that had been used to pummel Ukrainian towns.The assault, codenamed 'Spider’s Web', marks Ukraine’s longest-range strike since Russia’s full-scale invasion began in 2022. Ukrainian President Volodymyr Zelenskyy called it a “brilliant” operation that reached thousands of kilometres into Russian territory. According to the SBU, the attack damaged 34% of Russia’s strategic cruise missile carriers, including the Tu-95 and Tu-22M3 bombers and one of the few remaining A-50 radar aircraft.The Kyiv Independent reported that the SBU’s operation involved smuggling swarms […]

[ad_1] NEW DELHI: BJP MP Samik Bhattacharya part of a high-level Indian parliamentary delegation visiting London made a pointed intervention on India’s historical wealth and colonial exploitation, saying that “many people looted us and built mansions for themselves, how much more will you loot?”Speaking at an outreach event in the British capital, Bhattacharya said, “India has never looted. India was one of the richest economies dating back to centuries. India was never poor, India was never struggling. Our country has been attacked by numerous groups spanning centuries, yet India stood out as a strong, resilient economy.” He also reminded the audience of India’s global contributions during the Covid pandemic, adding that with a population of 140 crores, “India sent medicine and supplies to over 70 countries.”Bhattacharya is part of a seven-member multi-party delegation led by senior BJP leader and former […]

[ad_1] Pakistan's economic recovery remains delicate as it works under a $7 billion International Monetary Fund programme. (AI image) Pakistan may not want to go to the world with a ‘begging bowl’, but the fact remains that its economy is in dire straits. During a recent address, Pakistan Prime Minister Shehbaz Sharif acknowledged the country’s extremely poor economic condition and emphasised that the world does not want it to come to it with a ‘begging bowl’. He said Pakistan needs to focus on international investments rather than financial assistance.However, seeking bailout packages is not new for Pakistan. It has a long history of asking for loans and funds from external institutions and countries, and doing little to improve its economic indicators. Recently, Pakistan's National Accounts Committee said that the country’s GDP growth fell short of official projections for FY 2024-25, […]