The bench of Justice Sudhir Kumar Jain on Friday sought response of CBI in the matter and fixed the matter for hearing on May 31, 2022. Court also noted that one statutory bail plea also pending before trial court as the was chargesheet filed in the matter without required sanctions and cognizance yet to be taken.
The move by the world's biggest oil importer comes a month after it initially cut back on Russian supplies, for fear of appearing to openly support Moscow and potentially expose its state oil giants to sanctions. China's seaborne Russian oil imports will jump to a near-record 1.1 million barrels per day (bpd) in May, up from 750,000 bpd in the first quarter and 800,000 bpd in 2021, according to an estimate by Vortexa Analytics.
AI’s practical applications evolved slowly, but in the last five years, it has become the world’s hottest technology. From speech and object recognition to healthcare to autonomous vehicles, it is making a mark in various spheres. While the general view about AI has turned cautious, even negative, it’s important to be balanced about the concerns to harness this technology’s potential.
Another highly acrimonious boardroom war, which places Sequoia Capital against a founder it once backed, is reaching its final phase, as investigations that Zilingo’s board launched against CEO Ankiti Bose are concluding soon. Seven weeks since Bose was suspended, the information that has so far come out leaves more questions than answers.
The market cap of the combined entity following the merger announcement of L&T Infotech and Mindtree is higher than Tech Mahindra, a tier-I IT company. LTI Mindtree’s premium hinges on continued high growth performance in FY23. But the chaos of merger, people exits, and competitive hiring atmosphere could dent ambitions.
While the company’s tech business segment is on a growth path, Brightcom's overall fundamentals are shaky. Huge receivables on the balance sheet, mounting loans and advances, declining sales-to-working capital ratio, and a Sebi investigation calling for a forensic audit signify a large pressure on the running cost of the business.
While Axis MF has suspended two fund managers, front-running is the most common malpractice as the Indian market lacks depth. Even though Sebi has highly sophisticated IT and AI systems to generate alerts, perpetrators go about their misdeeds in the absence of a zero-tolerance policy against the practice of front-running.
Spring in their step: Indian footwear makers are set for explosive growth in the post-pandemic world
From being a necessity, footwear has become more of a fashion statement in India. With more people taking health and fitness seriously, the demand for casual and athleisure footwear is on the rise. Further, Indian footwear makers are marching ahead in the global market — thanks to a shift to automation and a steady improvement in product quality.
ETFs have been around in India for over 20 years now, but they haven’t taken off like they ought to have. Faced with limited options, investors want to pile on whatever products are available in the listed exchanges. Besides, lack of liquidity is hampering the growth of the industry. What is the way out?
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KL Rahul, who was the skipper of Kings XI Punjab in IPL 2020, led the charge against Royal Challengers Bangalore, scoring an unbeaten 132 with 14 boundaries and seven sixes.[Read More]
Chasing 169, Kohli, who struck eight boundaries and two sixes, and captain Faf du Plessis (44) laid the foundation with a 115-run stand. Glenn Maxwell (40 not out off 18) provided the finishing touches as RCB romped home with eight balls remaining.[Read More]
Six-time champion Mary Kom (2002, 2005, 2006, 2008, 2010 and 2018) Sarita Devi (2006), Jenny RL (2006) and Lekha KC (2006) are the other pugilists who have won the world title.[Read More]
The U.S. does not take a foreign position on the sovereignty issue but insists on the right to operate freely in the sea and frequently sails warships close to militarized Chinese-held islands in the area in what are termed “freedom of navigation operations."[Read More]
Answering a question on Pakistan's position on terrorism, Bhutto said, "As far as terrorism and extremism is concerned, this is a consistent, long term and existential threat to all of us. Pakistan has a National Action Plan that is all-encompassing. It combats hate speech, it combats extremism, it combats this thought and this toxic ideology and has a way forward to deal with groups."[Read More]
More than 1,700 defenders of the Azovstal steel plant in Mariupol have surrendered since Monday, Russian authorities said, in what appeared to be the final stage in the nearly three-month siege of the now-pulverized port city.[Read More]
Amnesty International said in a tweet that the POW status means that the soldiers "must not be subjected to any form of torture or ill-treatment."[Read More]