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Taxpayers’ money at stake? SC flags bank-ARC-borrowers ‘deep-rooted’ nexus
A bench comprising Chief Justice Surya Kant and Justice V Mohana said its primary concern was the alleged misuse of public funds that could otherwise have been utilised for public welfare. The court issued notices to the Centre, the Reserve Bank of India (RBI) and other respondents on a plea alleging that loans worth Rs
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As ‘datacenter’ becomes a ‘bad word’ in US, Meta helps teachers get $50,000 bonuses
Teachers in Louisiana’s Richland Parish are set to receive substantial bonuses, some exceeding their annual salaries, thanks to a massive data centre project by Meta Platforms. The $10 billion Hyperion facility has dramatically boosted local sales tax revenue, enabling the school board to fund these unprecedented bonuses. This contrasts with widespread opposition to similar projects
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‘If not for Samson, would India have won?’: Sreesanth takes aim at Gambhir
Former pacer S Sreesanth has questioned head coach Gautam Gambhir’s significant contribution to India’s recent white-ball triumphs, emphasizing the crucial roles played by players like Sanju Samson and Suryakumar Yadav. Sreesanth argued that on-field leaders and players made key decisions, contrasting this with a more involved coach like Ashish Nehra. He also linked India’s Test
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Dak Prescott gives health update amid Sarah Jane Ramos breakup drama
Dak Prescott, the Dallas Cowboys’ star player, recently went through a pretty painful break up with his ex fiancee, Sarah Jane Ramos, after their wedding in April was called off just weeks prior in March sparking panic among many. While there have been allegations about the popular quarterback cheating on his ex fiancee, it seems
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‘Hope Speaker gives us justice’: Abhishek Banerjee files disqualification pleas against rebel MPs
Expressing hope that Lok Sabha Om Birla would “act in accordance with the Constitution,” Banerjee said: “The Lok Sabha Speaker is the custodian of the House, not the protector of the government of the day. Every citizen, especially elected representatives, must work within the ambit of the law. Therefore, one has to function according to
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Evening news wrap: Trump calls PM Modi ‘a very tough cookie’; CM Yogi urges patience as SIT probes Ayodhya Temple fund allegations & more
Donald Trump lauded PM Modi as a “tough cookie” and admired leader, while Meloni refuted Trump’s claim of begging for a G7 photo. Rahul Gandhi thanked DMK leaders despite their recent split, and CM Yogi assured a swift SIT probe into Ayodhya temple fund allegations. Meanwhile, Ukraine launched its largest drone attack on Moscow, targeting
Business
Sebi brings back stock exchange buybacks, clears faster fundraising route for AIFs
Market regulator Sebi has greenlit several key reforms, including the return of open market share buybacks via stock exchanges, offering companies a faster execution route. Mutual funds will see relaxed intra-day borrowing norms, and alternative investment funds can now raise capital quicker through a new ‘GARUDA’ mechanism. Additionally, Sebi has simplified securities transfer after an