'90% of the returns of people who actually make money over a period of time comes from what is called temperament.'
A Delhi court has upheld cheating and criminal conspiracy proceedings against M3M India Pvt Ltd and its promoters in an alleged Rs 450-crore land fraud case. The case involves allegations by MGF Developments Ltd regarding a land exchange deal where M3M allegedly failed to pay the full consideration. While criminal breach of trust charges were set aside, the court directed the trial court to proceed expeditiously on cheating and conspiracy charges.
Schaeffler India CEO Harsha Kadam has been arrested in connection with a fatal gas leak at the company's Pune facility in June, which resulted in the deaths of two workers. Kadam is the eighth person arrested in the case, facing charges including culpable homicide. The incident occurred during unauthorised maintenance work on a CO2 fire suppression system.
Anup Bagchi has officially taken over as the managing director and chief executive of HDFC Bank, becoming the first outsider to lead the institution in its three-decade history. He steps into the role facing significant challenges related to core income growth and margins, and will focus on completing the merger with HDFC and engaging with stakeholders.
IIT-Kharagpur announced the establishment of India's first dedicated academic school for Physical Artificial Intelligence (AI), named the Benjamin Gupta School of Physical AI. Funded by a Rs 35 crore investment, including contributions from alumnus Vinod Gupta and an anonymous donor, the school will focus on developing intelligent systems that interact with the physical world, moving beyond conventional data-driven AI. Academic programmes are expected to commence soon, aiming to foster reliable and responsible AI technologies for various applications.
A Delhi court has granted bail to a married man accused of deceiving a woman into sexual intercourse on a false promise of marriage. The court noted that the man had cooperated with the investigation before his arrest and no custodial interrogation was deemed necessary. The case involves BNS Section 69, which addresses sexual intercourse by deceitful means.
Jhansi police arrested a government school's officiating headmaster, Govind Das Arya, on Thursday for allegedly tampering with a cheque to embezzle Rs 2 lakh from mid-day meal funds. The case was registered on August 9 following a complaint by the village head, Seema Singh, who accused Arya of increasing a cheque amount from Rs 15,000 to Rs 2.15 lakh and misappropriating the funds.
Nanded police in Maharashtra have filed a chargesheet within 24 hours in a molestation case involving a minor girl. A 20-year-old man was arrested for allegedly stalking, obstructing, and making inappropriate comments to the girl on Wednesday. The case was registered under the Bharatiya Nyaya Sanhita and POCSO Act.
Three children, aged seven to ten, drowned in an allegedly illegal sand excavation pit filled with rainwater in Alirajpur, Madhya Pradesh, on Sunday afternoon. One person, Pintu Jamra, has been booked for culpable homicide not amounting to murder for allegedly digging the uncovered pit on government land. The incident sparked protests from the children's relatives, who blocked a road before being pacified by district officials.
What causes the highest number of deaths in India?
In this new series on busting common health concerns, senior diabetologist Dr Rajiv Kovil tells Rediff's Divya Nair why sugar-free substitutes are not entirely safe or healthy for diabetics.
Twenty-six individuals, including five juveniles, have been apprehended in connection with violence during a bandh in Pasighat, Arunachal Pradesh, on October 23. The protests were against the proposed mega dam over the Siang river, leading to property damage and clashes. Police have registered eight criminal cases and detained six others for questioning.
Former Shimla SSP and DIG Sanjeev Kumar Gandhi has been booked in another FIR for allegedly misusing Rs 14.07 lakh designated for police constables' residences to renovate his own official residence. This follows an audit report revealing irregularities in Rs 1.28 crore meant for maintenance. He was also previously booked on Thursday for misappropriating Rs 2.35 lakh.
Delhi Police have arrested two men, Himanshu Kumar and Ankit Kumar, for allegedly facilitating cyber fraud by arranging bank accounts for fraudsters. This action stems from a case where a victim was cheated of Rs 15.83 lakh. The investigation revealed how the accused provided crucial support to online cheating operations.
'The priority of the government should be to use agricultural production for human beings first, and only after that for biofuel and such things.'
A BJP-nominated councillor in Aheri Nagar Panchayat, Amol Vilasrao Gudeliwar, was arrested on Thursday by the Anti-Corruption Bureau for allegedly accepting a bribe of Rs 1.20 lakh from an electrical contractor. He had demanded a 15% commission for works under the 'Nagarotthan' scheme.
The Supreme Court has ordered the Uttar Pradesh government to pay Rs 6 lakh in reparation to a man who spent six years in custody as an undertrial due to a "slipshod investigation" in a murder case. The apex court slammed the UP Police and prosecuting agencies, emphasising their role in ensuring justice for all, including the accused, and highlighted the "travesty of justice" in this case.
Delhi Police have arrested 11 individuals involved in multiple "digital-arrest" scams, recovering over Rs 12 crore. The scams, linked to handlers in Southeast Asia, have affected 78 complainants nationwide, totaling Rs 73 crore. A retired scientist was defrauded of Rs 1.25 crore, with the entire amount frozen. The investigation uncovered a network arranging mule bank accounts and using cryptocurrency for commissions.
Rajasthan Police arrested Wasim Hussain in Gurugram for his alleged role in a cyber fraud case. A Jaipur resident was swindled out of Rs 22 lakh after fraudsters, posing as an American citizen, promised a job abroad for his son and demanded various clearance fees. Hussain allegedly provided mule bank accounts used to receive part of the defrauded amount.
Police in Kollam are investigating a suspected insurance fraud in connection with a medical store fire that occurred in August. An employee has been arrested, and the owner is also under scrutiny after investigations revealed the fire was allegedly set deliberately to claim Rs 77 lakh in losses.
A member must generally have completed 12 months of EPF membership to use the facility.
The Supreme Court has dismissed a plea challenging the resignations of six AIADMK MLAs who subsequently joined the ruling Tamilaga Vettri Kazhagam (TVK). The court affirmed that resignation and disqualification are distinct constitutional processes, upholding the Speaker's acceptance of the resignations and stating that the Speaker was not required to inquire into motives.
Jio Platforms' initial public offering has garnered an overwhelming institutional demand of approximately Rs 2.5 lakh crore, significantly exceeding its Rs 8,110-crore anchor book, with global and domestic investors vying for a stake in the Reliance Industries subsidiary.
Chaar Yaar offers an entertaining mix of friendship, crime and the charm of old Mumbai with a happy ending, observes Divya Nair.
Cyclone Arnab made landfall on the Andhra coast early on Wednesday, causing widespread destruction, including uprooted trees, damaged infrastructure, and inundated low-lying areas. Five people were killed in related incidents, primarily due to electrocution and wall collapse. Chief Minister N Chandrababu Naidu has sought central assistance and outlined relief measures for affected residents and farmers.
According to World Health Organization a total count of at least 39 million sperm per ejaculation is considered within the normal range.
New Zealand batter Finn Allen discussed the team's recent T20 International loss to India, highlighting the valuable lessons learned from India's dominant batting performance. He acknowledged the difficulty in stopping players like Abhishek Sharma and Vaibhav Sooryavanshi once they got going. Allen emphasised that despite the series defeat, every game is important for building towards the T20 World Cup in a couple of years.
The rise in loan sizes reflects both higher vehicle prices and a shift from entry-level cars to SUVs.
Manchester United captain Bruno Fernandes criticised his team's mentality, stating they adopted a 'mood of defeat' after conceding an early goal in their 4-1 Champions League loss to Como, a result that intensifies pressure on manager Michael Carrick.
The CBI has initiated an investigation into an alleged Rs 65-crore investment scam involving Viswadeepthi Multi State Agri Co-operative Society Ltd, following a directive from the Kerala High Court. The society is accused of inducing public deposits with high interest rates but failing to repay them, leading to significant financial losses for depositors.
The Supreme Court has ruled that mere swear words, profanities, and vulgar expletives, however offensive, do not amount to obscenity under Section 294 of the Indian Penal Code. The court clarified that for an utterance to be considered obscene, it must be lascivious, appeal to prurient interests, and have the tendency to deprave and corrupt minds. This ruling came while hearing a plea challenging a high court order confirming a conviction under IPC Section 294.
'Borrowers may stop EMIs if the loan or tripartite agreement expressly permits suspension, including where disbursements or repayments are linked to specified construction milestones.'
An Additional District and Sessions Judge has been arraigned as an accused after his 17-year-old son allegedly drove a Mercedes-Benz and killed a scooterist in Kochi. The incident led to protests, a transfer of the probe to the District Crime Branch, and a debate in the Keralam Assembly, highlighting concerns over police handling and parental responsibility.
Thailand's Pornanong Phatlum secured her fourth Hero Women's Indian Open title, conquering the Gary Player Course with an impressive 11-under 277. India's Vani Kapoor put up a strong fight, finishing second, marking her best Ladies European Tour result. Defending champion Shannon Tan finished third, while other Indian golfers also made it to the top 10.
Jared Kushner, former US President Donald Trump's son-in-law, has vehemently denied "outrageous and categorically false" allegations in a new book, "Princes and Thieves," which claims he accessed secret bank accounts linked to UAE, Saudi, and Israeli funds. Kushner stated on X that the author provided no evidence and that such claims never surfaced during his extensive past investigations.
Leading private banks in India, including HDFC Bank, ICICI Bank, and Axis Bank, experienced a decline in net interest margins (NIMs) during the second quarter of the financial year due to significant deposit mobilisation under the Foreign Currency Non-Resident (Bank), or FCNR (B), scheme. However, banks anticipate a recovery in margins in the coming quarters as these funds are deployed and the interest-rate cycle supports lending yields.
Three individuals, including a District Medical and Health Officer (DMHO) and a health inspector in Rangareddy district, Hyderabad, have been arrested for allegedly accepting a bribe of Rs 1 lakh. The bribe was demanded for returning seized property, preventing action against an unlicensed physiotherapy centre, and issuing a new license.
AISA president Neha Bora appeared before a special executive magistrate after the Delhi High Court dismissed her challenge to a police notice requiring a Rs 10,000 "peace bond." Bora refuses to sign the bond, alleging it's used to curb democratic dissent, while the court has directed authorities to provide her with all material supporting the allegations by October 29.
Telangana police have arrested two individuals from Andhra Pradesh in connection with a large-scale cryptocurrency investment fraud. The accused allegedly operated a Ponzi scheme through a fake website, cheating around 500 victims of over Rs 10 crore by promising to double investments and offering commissions for recruiting new members.
Faridabad police have arrested six individuals in connection with a cyber-fraud case where Rs 50 lakh was swindled using a company CMD's photograph on WhatsApp. The police managed to freeze Rs 29 lakh of the defrauded amount. The accused, from Mumbai and Gujarat, were produced in court and sent to judicial custody.
