RAIPUR: A local train connecting coal township Gevra with Bilaspur junction in Chhattisgarh rear-ended a stationary cargo rake around 4pm on Tuesday after what preliminary reports suggested was a signal breach, killing eight passengers and injuring at least 17 in a crush of metal as the engine and a coach climbed the roof of the…
MUMBAI: State Bank of India (SBI) reported a 10% rise in standalone net profit for the quarter ended Sept, aided by a one-time gain from the sale of its stake in Yes Bank and steady loan growth. During the quarter the bank’s total business crossed the Rs 100 lakh crore-mark. The bank’s standalone net profit…
MUMBAI: Days after filing a caveat before the Maharashtra charity commissioner, seeking a hearing before being ousted as a Tata Trusts trustee, Mehli Mistry said on Tuesday that he wished to “part ways” with the public charities, noting that “precipitating matters would cause irreparable harm to the reputation of Tata Trusts”.Mistry’s decision effectively de-escalates tensions…
Mumbai: Homegrown private equity (PE) firm ChrysCapital has raised a $2.2 billion fund, the largest ever by a local PE investor to tap into growth opportunities in India even as global fundraising activity has been subdued amid an uncertain macro-environment. The new fund which is more than 60% bigger in size compared to the company’s…
Paresh Rawan’s ‘The Taj Story’ released in cinemas on Friday, October 31 after much controversy around it. The film did manage to create some buzz and has been doing decently well at the box office while competing with biggies like ‘Baahubali: The Epic’, ‘Thamma’ and more. Another film which is doing well in cinemas at…
MUMBAI: Dalal Street on Tuesday was witness to a fight for investors’ money in two high-profile IPOs, together aiming to raise nearly Rs 14,000 crore. It was the last day of bidding for the Rs 7,278-crore Lenskart IPO and the opening day for the Rs 6,632-crore Billionbrains Garage Ventures (Groww) IPO. Despite huge social media…
Virat Kohli (Photo by Darrian Traynor/Getty Images) There are athletes who play the game, and then there are those who redefine it. Virat Kohli belongs to the second kind. As he turns 37, the boy from Delhi who once carried the hopes of a nation now represents a phenomenon that goes far beyond cricket. His…
Harvard faces $350M FAS shortfall as funding pressures and restructuring plans grow Harvard University’s Faculty of Arts and Sciences (FAS) is facing an estimated structural deficit of approximately $350 million, a financial shortfall that will require significant changes to its long-term budget. The deficit, announced by FAS Dean Hopi E. Hoekstra in an email to…
NEW DELHI: Digital Communications Commission (DCC)’s “suggestion” to the Telecom Regulatory Authority of India (Trai) for seeking “clarifications” from the department of telecom (DoT) before releasing recommendations on various issues has stirred a controversy with some officials in the agency seeing it as govt intrusion into regulatory turf.On Oct 30, DCC, the inter-ministerial body for…
KOZHIKODE: A Kerala woman and her partner from an extramarital affair were sentenced Tuesday to 180 years’ rigorous imprisonment each and fined Rs 11.7 lakh apiece for repeated rape of her 12-year-old daughter, crimes that prosecutors said took place over two years with the mother’s complicity.Judge Ashraf AM of special Pocso court convicted them under…
