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UML Business Previous year proved to be most challenging in living memory as COVID-19 brought economies and businesses to a grinding halt. India was hit hard by the pandemic. Usha Martin Limited expects the Indian economy to rebound on the back of pent-up demand across sectors. Rajeev Jhawar, Managing Director of Usha Martin Limited hopes that Reserve Bank of India’s (RBI) monetary stimulus and the Government of India’s fiscal measures will bring the economy back to a sustainable positive territory. He believes that the substantial budgetary outlay on infrastructure by Government of India will augur well for their business. Rajeev Jhawar expects that the domestic demand for their products, particularly in the construction and auto sectors will start picking up after the monsoon season. “The various measures announced by the Central government to boost the economy are likely to start yielding results post-monsoon”, Rajeev Jhawar said. There should be a pick-up in demand during the...

 The Bombay High Court on Tuesday allowed a plea filed by ICICI Bank and directed its former CEO Chanda Kochhar to approach the appropriate judicial forum of the HC by holding that the nature of the suit filed by her in connection with her entitlements and benefits was not a commercial dispute. Chanda Kochha In its plea, ICICI Bank argued that the suit should be treated as civil suit as it was a matter between an employee and an employer. The HC directed its registry to transfer the said suit from the court’s commercial division which is governed by the Commercial Courts Act, 2015 to its regular civil division which is governed by the Civil Procedure Code (CPC). The high court, which is a charter court, has original jurisdiction (the court can be approached through suits as court of first instance) based on the territory and the value involved. After the 2015 Act was implemented, a commercial division was added at the HC, which governs the suits filed under the said law. Re...

 Shubman Gill on Friday night broke the internet with one tweet that quickly went viral. In his tweet, the Indian cricketer reached out to billionaire and Tesla CEO Elon Musk, requesting him to purchase food ordering and delivery platform 'Swiggy'. "Elon musk, please buy swiggy so they can deliver on time," wrote Shubman Gill. The official support handle of the platform -- Swiggy Cares -- sent out two replies to the cricketer on his tweet, first asking him to share the details of his order via a direct message (DM). The Swiggy Cares handle then thanked Shubman Gill, seemingly after getting a DM from the cricketer. At the time of writing this Shubman Gill's tweet garnered over 31K 'Likes' and over 1,600 'Retweets'. There were also a host of replies from other users, but one in particular caught the attention of the Twitterverse. A fake Swiggy account shot back at Shubman Gill with an absolute brutal tweet. Read More : https://sports...

 The Criminal Investigation Department (CID) of Karnataka Police, which is probing into a scam in the examination to recruit 545 police sub-inspectors in the state, on Thursday night arrested the main accused in the case BJP leader Divya Hagaragi, and two other suspects Archana and Sunanda at Pune. The CID police team was led by SP Raghavendra Hegade. The CID police are bringing the arrested to Kalaburagi. The alleged irregularities took place at Jnyan Jyothi English Medium School run by Divya. Read More : https://www.deccanherald.com/state/karnataka-districts/psi-recruitment-scam-main-accused-divya-hagaragi-arrested-1104914.html

 The Reserve Bank of India needs to raise benchmark interest rates by 1 per cent by the end of this year, In order to counter high inflation, Uday Kotak, the billionaire banker and the chief executive officer of Kotak Mahindra Bank said. Kotak suggested that the central bank could raise rates four times this fiscal, with hikes of a quarter percentage each. “Sharp increase in inflation estimate to 5.7% from 4.5% assuming 100$ oil. Exit q4 fy23 estimate 5.1%. Present Repo rate at 4%. If India has to move to 0% real rate that is inflation – interest rate =0, we need 1% increase of rates. 4 rate hikes of a quarter each?,” Kotak said in a tweet Sunday. In its first bi-monthly monetary policy meeting for the fiscal 2023, the RBI’s monetary policy meeting decided to keep repo and reverse repo rates unchanged at 4 per cent and 3.35 percent respectively and reiterated an accommodative stance. However, the RBI recognised the implications of the Ukraine-Russia war, and raised inflation e...

  It started in 1948 as a society midnight supper, and it wasn’t even at the Met. Fast forward 70-plus years, and the Met Gala is something totally different, one of the most photographed events in the world for its head-spinning red carpet — though the famous carpeted steps of the Metropolitan Museum of Art aren’t always red. We’re talking  Rihanna   as a bejeweled pope.  Zendaya   as Cinderella with a light-up gown.  Katy Perry  as a chandelier morphing into a hamburger. Also: Beyoncé in her “naked dress.”  Kim Kardashian  in a face-covering bodysuit. Billy Porter as an Egyptian sun god, carried on a litter by six shirtless men. And Lady Gaga’s 16-minute striptease.

  Leena Gandhi Tewari is a leading Indian Businesswoman and an author. She is the chairperson of USV Private Limited which is a multinational pharmaceutical and biotechnology company based in Mumbai. Lenna's current net worth is valued at $4.4 billion. She was 43rd in Forbe's 2021 list of richest Indians and 859th in Forbes's 2021 list of top billionaires of the world. The 64-year-old was also placed 23rd in the Hurun India Philanthropy List of 2019 with donations of around $5 million i.e. around Rs. 34 crores. The list of achievements don't stop there, she also ranked 3rd in Women Philanthropist of 2019 list by the Hurun Report India Philanthropy List and has actively been a part of humanitarian projects. USV Private Limited is a company with a revenue of $511 million and is run by her husband, Prashant, Managing Director of USV Pvt. Ltd.  The Company specializes in diabetic and cardiovascular drugs as well as biosimilar drugs, injectables, and active pharmaceutical in...

The key brands clearly are KFC, Pizza Hut, Costa Coffee and our home grown brand which is Vaango and Food Street. A slew of our own brands are doing extremely well as well as the top international brands which we are carrying. There is a huge headroom for us to grow. We are in the fast food market and there is no reason why the growth should not come for these brands. The fund that has been raised via IPO is going to be used for repayment or rather prepayment of all or certain borrowings as well as general corporate purposes. Does this include your expansion plans as well? The funds are mainly going to be used for repaying debt. The company will practically become debt free after this and the company will generate enough cash for the growth it needs. So, the company will not need to further dilute or borrow for expansion plans. Read More : https://economictimes.indiatimes.com/markets/expert-view/ipo-funds-to-make-devyani-international-debt-free-ravi-kant-jaipuria/articlesh...

 On March 20, 2022, the market was abuzz with a company’s delisting offer. The promoters of Elcid Investments were offering Rs 1,61,023 when the share was trading at Rs 17! Elcid Investments is largely owned by the Arvind Vakil family, one of the four who founded Asian Paints. Some would say the shareholders hit a jackpot with the delisting offer. Yet, a minority shareholder is accusing the company and the promoter group of deceit. In a letter to Sebi, the minority shareholder Dhiraj Mittal accuses Elcid Investments and promoters of “engaging in acts that are deceptive and manipulative and apparently oppressive to the non-promoter shareholders”. The complaint has also reached the grievance cell of the Prime Minister’s Office. Read More: https://www.moneycontrol.com/news/business/grievance-relating-to-delisting-of-asian-paints-founders-company-reaches-pmo-8404221.html

Anurag Batra , Chairman & Editor-in-Chief of BW Businessworld & Founder and Editor-inChief of exchange4media Group enunciates his views on how the Indian economy and its people survived the pandemic and its successful post-pandemic recovery. Anurag Batra expressed his delight and praised the central government, the health ministry and its head health minister Mansukh Mandaviya, R S Sharma, head of the task force on vaccine and Covid-19, various state governments, civil society, doctors, health workers, NGOs, corporates, and most importantly the citizens of India who helped our country manage the situation far better, and reach the incredible milestone of one billion doses of vaccinations. Anurag Batra felt ecstatic that the citizens of India trusted its government, went out and got vaccinated. As per the records, India have administered1.8billion vaccines till date. Anurag Batra affirmed that Indians will not give up yet.“We will choose a newer loftier milestone and achieve it”...

 Scam 1992 fame Pratik Gandhi claims he was manhandled by the police in Mumbai on Sunday. The actor took to Twitter and revealed that the incident took place during a security arrangement for a ‘VIP movement’ in the city. Pratik said that he was stuck at the Westen Express Highway due to the movement and decided to walk to work when the incident took place. “Mumbai WEH is jammed coz of “VIP” movement, I started walking on the roads to reach the shoot location and Police caught me by shoulder and almost pushed me in some random marble warehouse to wait till without any discussion. #humiliated,” he tweeted. KNOW MORE : https://www.news18.com/news/movies/scam-1992s-pratik-gandhi-claims-being-manhandled-by-cops-during-vip-movement-in-mumbai-humiliated-5046643.html

 I would rather wait for LIC to get listed and whatever price it gets listed on, I will decide whether to buy LIC or not at that time,” says Rajat Sharma, Founder & CEO, Sana Securities. Are you scouting for opportunities within autos? Hero MotoCorp NSE 1.34 % is in my portfolio. I have recommended this stock many times and the reason is simple; whether you talk of EVs or the shift that these companies will make, I expect two two-wheeler companies – Bajaj Auto and Hero MotoCorp – more than the four- wheeler auto space to do well. These are the companies which have shifted their manufacturing first to cater to all the requirements of the EV. Two things will happen here. In a country like India, the demand for two-wheelers is not going to go down ever. It is the burgeoning middle class in this country and the two-wheeler demand will keep growing and these are the companies which will make a shift to complete production for EVs. So whether these stocks move up or down rig...

 The democratisation of cinematic space is one of the most refreshing changes in recent times. The cinematic space monopolisation of Bollywood, predominantly in the Hindi heartland, has been shattered for the good. The mundane world of Bollywood is finally seeing the end of the day. The overdose of appeasement, movie remakes, body shaming, flimsy storytelling, abysmal direction, lack of creativity and superficial stardom has finally been breached. Come 2022, the mediocrity of Bollywood stands totally exposed in front of the brilliance of Bharatiya cinema. The movie industry called Bollywood which has been infested with nepotism and mediocre talent is suddenly facing an existential crisis because of the growth of Bharatiya cinemas. The three biggest blockbusters of the year are all from Bharatiya cinemas The success of  Pushpa: The Rise ,  RRR  and  KGF2  in 2022 has brought about a paradigm shift in the movie industry of Bharat. Bollywood, which us...

  ​ Tata Steel  and ArcelorMittal-Nippon Steel India (AM/NS India) may not bid for NMDC’s privatisation-bound, under-construction 3 million tonnes per annum (mtpa) steel unit at Nagarnar in Chhattisgarh. This leaves Sajjan Jindal’s JSW Steel, Naveen Jindal’s Jindal Steel and Power and new entrants into the steel sector like Vedanta and Adani Group, in the fray. The Centre had in October 2020 approved demerger of the unit from the parent NMDC and strategic disinvestment of the demerged entity by selling its entire stake in it to a strategic player. NMDC is likely to complete the demerger process by August-September, coinciding with the commissioning of the unit. Following this, bids for the demerged entity would be called for. NMDC may end up spending around Rs 22,000 crore, higher by Rs 6,500 crore than originally estimated, for the plant mainly due to seven years of time overrun Read More :  https://www.financialexpress.com/industry/tata-steel-arcelormittal-nippon-steel-...

  Gautam Adani, the chairperson of Adani Group, has become the fifth-richest person in the world, according to Forbes data. Adani, 59, achieved the feat by overtaking legendary investor Warren Buffett. Adani's net worth surged to USD 123.7 billion as of Friday's market close while Warren Buffett's (91) net worth stood at USD 121.7 billion. Adani's estimated USD 123.7 billion net worth makes him the richest person in India, USD 19 billion wealthier than the country's number 2, Mukesh Ambani who is the chairman of Reliance Industries. His net worth is estimated to be USD 104.7 billion, according to Forbes. Read More : https://www.indiatvnews.com/business/news/gautam-adani-is-fifth-richest-person-in-world-2022-04-26-772244

 The net direct tax collections (income tax and corporate tax) reached an all time high of Rs 14.09 lakh crore in financial year 2021-22 against Rs 9.45 lakh crore collections in FY 2020-21, CBDT Chairman J.B. Mohapatra said on Tuesday. Read More : https://economictimes.indiatimes.com/news/economy/finance/net-direct-tax-collection-reaches-highest-ever-figure-in-fy-22/articleshow/91108170.cms

 Locals who live near the Bhalaswa dump yard in Delhi have been reporting breathing problems after a massive fire broke in the landfill on Tuesday. Bhalaswa dump yard sending a dense plume of smoke into the sky and exacerbating the already polluted air in nearby areas. READ HERE : https://theprint.in/india/delhi-locals-report-breathing-problem-after-fire-broke-out-in-bhalswa-landfill/932600/

 A massive fire broke out at the Bhalswa landfill site in north Delhi on Tuesday, officials said. The fire department received information about the blaze around 5.47 pm following which 10 fire tenders were rushed to the spot, they said. Read More : https://www.ndtv.com/delhi-news/massive-fire-breaks-out-in-delhi-landfill-site-2922543

 Eleven persons, including three boys, died in an high-voltage electrocution accident during a religious procession at Kalimedu near here on Wednesday, April 27, 2022. Inquiries reveal that the victims were participating in a cart procession organised in memory of Tamil Saivaite saint Thirunavukkarasar, by a local prayer club formed and run by the villagers for more than nine decades, when the mishap took place. READ MORE : https://www.thehindu.com/news/national/tamil-nadu/11-die-in-high-voltage-electrocution-during-procession-near-thanjavur/article65359082.ece

At least 11 people were electrocuted after a temple chariot came in contact with a high voltage electric wire during a chariot procession in Thanjavur district. The incident took place at Kalimedu when the chariot procession of Appar Swamy Mutt was under way. Tamil Nadu chief minister MK Stalin announced Rs 5 lakh compensation for families of the victims of the  Thanjavur  electrocution accident.  

In May, Princess Haya Bint Al Hussein was caught red-handed by Prime Minister of UAE Sheikh Mohammed bin Rashid Al Maktoum when he suddenly visited their London home and found Princess Haya and her lover-cum-bodyguard. The Dubai ruler also found strips of used condoms beside Haya’s bed as well as two glasses, proving the romantic couple were having sex in the bedroom while their children were in the next room. Sheikh Mohammed bin Rashid Al Maktoum was already suspecting his wife Princess Haya had inappropriate relations and the suspicion was proved as the couple were found to having sex. The Dubai ruler unexpectedly returned to London from attending a joint wedding of three sons in Dubai in May. Read More : https://www.weeklyblitz.net/world/princess-haya-was-caught-red-handed-in-the-bedroom-with-her-british-bodyguard/