In a recent townhall meeting, creditors of WazirX pressed founder Nischal Shetty and the restructuring legal team for solutions, seeking representation on the committee of creditors (CoC) and expeditious restructuring within four months, and asked for clarity on redistribution of potential gains from future crypto market upswings.
Crypto exchange WazirX has said customers affected by the recent cyber attack will not be able to recover their full funds even as the firm looks to restructure. At a virtual press conference, the firm's advisor said at best the company might look to return 55-57 per cent of the money. "This is what can be returned to users with the benefit of this restructuring," said Jason Kardachi, managing director (restructuring), Kroll.
Shah said the new laws would give priority to providing justice, unlike the colonial-era laws that gave primacy to penal action, and made reporting of crimes even easier by recognising e-FIR, Zero FIR and electronic or digital evidence.
A day after tension gripped the area over the lynching of a man, the police and district administration remained on alert on Thursday to ensure law and order in maintained while the chief cleric of Aligrah appealed for peace.
US lenders represented by Glas Trust have countered Byju's founder Byju Raveendran's claim on verified debt on the company being merely around Rs 20 crore, and have said that the beleaguered edtech firm will have to pay the entire $1.2 billion Term Loan B along with interest. The founder of Think and Learn (TLPL) and owner of Byju's brand, Byju Raveendran, had about a week ago said that verified debt on the company is only Rs 20 crore as per insolvency proceedings and he may not have to pay any money to the US lenders represented by Glas Trust.
'I love to meet people.' 'I love that personal connect when they express their genuine, heartfelt feelings.'
Consumer loans or personal continue to record the highest fraud incidence.
'The PAYD model adjusts the premium based on your driving habits. If you drive less, you pay less.'
Sukanya Verma recommends watching CTRL on a computer for an eerie, immersive, real-time experience.
Delhi Water Minister Atishi on Wednesday said that she has written to Prime Minister Narendra Modi over the water crisis in the national capital and threatened to go on an indefinite strike from June 21 if the issue is not resolved within a couple of days.
'People are suffering, we are seeing visuals on every news channel. What measures have you taken to control water wastage if water scarcity is a recurring problem in summers'
Mahavitaran, the Maharashtra government-owned power distribution company, has detected power theft amounting to Rs 41.29 lakh at the Anil Dhirubhai Ambani Group's headquarters at the Dhirubhai Ambani Knowledge City (DAKC).
Around 41 per cent of these companies saw such instances, compared to the global average of 29 per cent. India's number is higher than other countries such as the United States (26 per cent), the United Kingdom (32 per cent) and Japan (27 per cent). It is also worse than other emerging markets. China had 39 per cent of firms affected by data theft. It was 19 per cent and 16 per cent for Brazil and Russia, respectively.
As the cyber world grows rapidly, fake identities and identity thefts are fast emerging as a menace giving spurt to hate mails and even serious crimes. Identity theft remains unrecognised by many Indians, but many may already be becoming targets even without realising it, experts say.
The court, however, said it was not going to accede to the demand of Rs 50 lakh sought by the girls' family as it was an 'exorbitant' and 'highly exaggerated' amount.
All investors should ideally have a 10 to 15 per cent allocation to gold. Whether they invest in gold ETFs or SGBs should depend on their investment horizon.
New India Assurance is the insurance provider.
The latest game in the Grand Theft Auto series is here and it will blow your mind says Murali Venukumar.
The country topped the retail 'shrinkage' rate -- a term that bunches shoplifting, employee theft and process failures -- in 41 countries surveyed across the world, for the second year in a row.
Vijay has a lot of young and middle-aged women fans, but as voters, they are possibly now with the DMK, or remain with the AIADMK. Recapturing this constituency would have helped Vijay's political launch and the GOAT script and dialogues could have gone a long way in helping out. But the kind of script and screenplay and the unusually and equally unnecessary long run-time (3 hours, 3 minutes) that GOAT offers takes the film experience over the heads of those that are not familiar with secret agents and uranium theft in Tamil cinema, observes N Sathiya Moorthy.
For Indian parents, sending a child abroad for a three-year degree could deplete 48% of their retirement savings, while a four-year degree may consume up to 64%.
Terming the practice of power theft as an act prohibited by their religion, Islamic body Darul Uloom Deoband has issued a fatwa directing Muslims to refrain from any illegal use of electricity. The fatwa came following a request by a person, who sought formal direction on the issue of illegal use of electricity.
The year's most eagerly awaited video game, the Grand Theft Auto IV will top most 'game of the year' lists and rightfully so, says Sameer Desai.
Carrying bottles of dirty water, the BJP protesters raised slogans against the AAP government and smashed 'matkas' (earthen pitchers) as a mark of protest over water scarcity in the national capital.
It is essential to have a comprehensive motor policy, and not just a third-party cover, as the latter does not protect your own vehicle.
Asked if it is a case of 'cow vigilantism', the senior official said a lot of cattle theft incidents have happened in Nagaon.
While asserting that the CoWIN portal is completely safe with adequate safeguards for data privacy, it said an internal exercise has been initiated to review the existing security measures of CoWIN.
The jail authorities have, however, said 'the death seems to be due to natural causes.'
The Culture Department has written to the Home Department, expressing its concern over the thefts and demanded a CBI probe into the issue.
Pakistan wanted to be constitutionally communal, India wanted to be secular but is communalising itself. All three nations share a penal code, but they have amended their laws to enable the State to specifically target minorities, points out Aakar Patel.
"The accused was nabbed on Thursday night from Davanagere with the help of the Railway Police. He has been arrested in connection with the case," Hubballi Dharwad Police Commissioner Renuka Sukumar said.
'It's better to be over-insured than underinsured.' 'Ensure your home insurance includes STFI (storm, tempest, flooding, and inundation) cover for protection against monsoon rains.'
Gujarat, Haryana and Orissa, on the other hand, are tightening the monitoring mechanism to firmly tackle the problem. Similarly, Delhi, where the losses have come down to around 16 per cent from 60 per cent before privatisation, has increased policing to avoid tampering of meters and thefts.
Despite its attempts to check theft, the Indian Railways lost properties worth around Rs 40 lakh owing to lax security measures at its godowns and yards last year.
Radcliffe, 25, is being considered for the role of Sam Houser.
When Rose McGowan, who triggered Hollywood mogul Harvey Weinstein's downfall, came to India...
Cheap or free power is viewed as a right rather than a privilege by many Indians
'Israel is counting on the United States to enter the fray on their behalf and perform destructive strikes against these targets that are beyond Israel's conventional capabilities.' 'They may well get their way if they start a war, because the United States is still committed to Israel's security, and it won't matter whether it is Trump or Harris in the White House.'
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