Akshita Kapoor

[ad_1] Equirus downgraded Protean eGovernanceto sell from add, and cut its target price massively to Rs 900 from Rs 1,730 after the company disclosed that it is no longer in contention for the govt’s PAN 2.0 project. Analysts said the govt had plans to overhaul PAN/TAN services under PAN 2.0 with a Rs 1,440 crore budget.Despite earlier confidence, Protean is now completely out of the running. They feel this is a material negative, as PAN services contribute ~50% of the company’s revenue. They also said that the impact of the govt decision could be muted in FY26, and expect a 75-100% collapse in this revenue stream over the next 2-3 years. This segment has historically generated free cash that funded new initiatives, which is now under threat. Additional headwinds include an impending NPS pricing revision in FY27 and stagnant ONDC […]

[ad_1] ED arrests UCO Bank exchairman Subodh Goel in connection with Rs 6210 fraud case. (Representative photo) NEW DELHI: Enforcement Directorate (ED) on Saturday arrested Subodh Goel, retired chairman and MD of UCO Bank, from his residence here for allegedly taking bribes to sanction loans of more than Rs 6,200 crore.Goel, who had been appointed to the post under the UPA govt, was produced before a special court in Kolkata, which remanded him to ED custody until Wednesday."Investigation revealed that during the tenure of Goel as CMD, large credit facilities were sanctioned to Concast Steel & Power Ltd, which were subsequently diverted and siphoned off by the borrower. In turn, Goel received substantial illegal gratifications from CSPL," ED claimed.The agency has already attached properties worth Rs 510 crore of CSPL linked to its promoter, Sanjay Surekha. He was arrested on […]

[ad_1] MS Dhoni (BCCI/IPL Photo) NEW DELHI: Former India cricketer and 2007 T20 World Cup hero Joginder Sharma believes the time has come for Chennai Super Kings (CSK) legend MS Dhoni to “rest.” The five-time IPL champions, known for their consistency with 12 playoff appearances, endured a disappointing campaign in the 2025 season, failing to make it past the group stage. After regular captain Ruturaj Gaikwad was ruled out due to injury, Dhoni stepped in to lead a struggling side.Speculation around Dhoni’s future in the IPL has intensified since CSK’s early exit. Retirement rumours gained traction last month when Dhoni’s family attended the match against Delhi Capitals at Chepauk. The 43-year-old's move down the batting order further stoked the chatter, especially after head coach Stephen Fleming admitted Dhoni couldn't "bat for 10 overs running full stick."Joginder, who bowled the iconic […]

[ad_1] AMRITSAR: Pakistan fired drones and missiles targeting Amritsar's Golden Temple in retaliation to Operation Sindoor aimed at terrorist sites within its territory, but India's air-defence preparedness and the head granthi's decision to allow the military to deploy air defence guns within the shrine ensured these "nefarious designs" were thwarted, the Indian Army said on Monday."On May 8, in the hours of darkness, Pakistan carried out a massive air assault with unmanned aerial weapons, primarily drones and long-range missiles. We were fully prepared since we had anticipated this, and our braveheart and alert Army air defence gunners shot down all drones and missiles targeted at the Golden Temple. Thus, not allowing even a scratch to come on our holy Golden Temple," Maj Gen Kartik C Seshadri, GOC of the 15 Infantry Division, told ANI.Lt Gen Sumer Ivan D'Cunha, the Army's […]

[ad_1] NEW DELHI: China is willing to maintain communication with both India and Pakistan and play a constructive role in achieving a full and lasting ceasefire, as well as in maintaining regional peace and stability, the Chinese foreign ministry said on Monday.Spokesperson Mao Ning's remarks came in response to queries about the Beijing visit of Pakistan foreign minister Ishaq Dar - the first high-level Pakistani official to be in China after the Islamabad's military tensions with New Delhi - and China's position on the conflict.Asked about reports that China may have provided satellite and air defence support to Pakistan during the conflict, the official said that since tensions started to increase between India and Pakistan, China followed an "objective and just position, urged the two countries to exercise calm and restraint, and avoid escalation"."Both India and Pakistan are China's important […]

[ad_1] Microsoft layoffs 2025 hit 6,000 employees worldwide, including AI Director Gabriela de Queiroz. As the tech giant pushes deeper into artificial intelligence, industry experts question the decision. Find out why even AI leaders weren’t safe from Microsoft’s sudden cuts. Microsoft announced last week that it is laying off approximately 6,000 employees, nearly 3% of its global workforce—in what marks the company's second-largest job reduction in its history. Among those affected was Gabriela de Queiroz, Director of Artificial Intelligence for Microsoft for Startups, who shared the "bittersweet news" of her departure on social media."I was impacted by Microsoft's latest round of layoffs. Am I sad? Absolutely. I'm heartbroken to see so many talented people I've had the honor of working with being let go. These are people who cared deeply, went above and beyond, and truly made a difference," Gabriela […]

[ad_1] A Danish construction company, Tscherning, has returned its entire corporate fleet of Tesla vehicles, citing Elon Musk as the reason, a report claims. The company's decision reportedly reflects a trend of declining Tesla sales and brand damage in Europe linked to the Tesla CEO Elon Musk’s political involvement. Consumer concerns have allegedly increased following the world's richest man’s political inclination. This has led to both reduced sales and even current Tesla owners returning or selling their vehicles to distance themselves from the brand. Corporate sales, which are a major source of sales for the EV maker in Europe, are also reportedly affected by this trend. Tscherning, similar to the European pharmacy chain Rossmann, which sold its Tesla fleet last year, electrified its corporate fleet with Tesla vehicles. Recently, the company announced that it has now returned all of them […]

[ad_1] NEW DELHI: Govt has started rallying public opinion against the Indus Waters Treaty (IWT), the suspension of which by India following the Pahalgam terror attack has been termed by Pakistan "an act of war".Days after calling the 1960 treaty a "historic mistake", Union agriculture minister Shivraj Singh Chouhan on Monday met farmers organisations and explained to them how the then PM Jawaharlal Nehru signed the treaty despite opposition from experts. He said that Nehru not only agreed to give water to Pakistan at the cost of India but also gave Rs 83 crore to the neighbouring country, whose value now amounts to Rs 5,500 crore. Chouhan was referring to the amount that India gave to Pakistan to help build replacement canals from the western rivers of the Indus system."We had been giving waters to Pakistan at the cost of […]

[ad_1] BENGALURU: Battered by 130mm rainfall in about 12 hours from Sunday evening till dawn on Monday, Bengaluru is scrambling to count its losses: Three dead, 500 homes flooded, 20-plus lakes ready to overflow, dozens of streets in tony areas reduced to waterways, flooded underpasses and flyovers closed to traffic, vehicular movement suffering miles-long disruption for hours and public bus services sputtering to a halt in several areas of the city.Heavy rain-triggered by convergence of two low-pressure systems and accompanied by intense thunderstorms-pounded south, north and eastern parts of the city. IMD has forecast more heavy rainfall for the next five days.As distraught citizens picked up the pieces to start a fresh week, Greater Bengaluru Municipal Corporation chief commissioner Maheshwar Rao termed it the second-highest rainfall in a decade and said, "Sometimes, things get out of hand - we are […]

[ad_1] NEW DELHI: Better to be safe than sorry, the Delhi high court remarked Monday while hearing a plea by Turkish firm Celebi Airport Services India Pvt Ltd against revocation of its security clearance by the central govt. Opposing the plea, solicitor general Tushar Mehta told the court that the decision was taken in the interest of national security following certain intelligence inputs that it would be "hazardous" to permit the company to continue ground handling operations at nine airports in the country.The senior law officer shared the inputs with the court in a sealed cover, telling Justice Sachin Datta that disclosing them would be counterproductive and affect national interest and security.Senior advocate Mukul Rohatgi, appearing for Celebi, said the company has been operating in India for 17 years and had 14,000 employees.Civil aviation & national security intertwined, SG Mehta […]