Bidder Cries Foul Over Sale of Vijay Mallya’s Force India, Says Indian Banks Lost Over Rs 377 Crore

Bidder Cries Foul Over Sale of Vijay Mallya’s Force India, Says Indian Banks Lost Over Rs 377 Crore

London: One of the two main bidders, keen to acquire embattled Indian businessman Vijay Mallya’s Force India Formula One racing team after it went into administration, has claimed that a consortium of 13 Indian banks lost out on estimated 40 million pounds as a result of an “unfair” sales process concluded last month. Russian fertiliser group Uralkali said that by turning down its higher bid for the company, the administrators had denied the extra funds that would have accrued to the shareholder of Force India Mallya’s Orange India Holdings Sarl…

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Rahul Attacks ‘Saheb’ Over Rafale, Rupee, Oil

Rahul Attacks 'Saheb' Over Rafale, Rupee, Oil

New Delhi: Congress President Rahul Gandhi on Saturday attacked Prime Minister Narendra Modi over the Rafale fighter jet deal, falling rupee and hike in fuel prices. “See what wonders the Saheb (Modi’s) has done/ look at the Rafale murk/ the falling rupee, the rising oil,” Gandhi tweeted in Hindi verse. “In Mumbai petrol at Rs 90.75, diesel at Rs 79.23 per litre. In Delhi, petrol at Rs 83.4, diesel at Rs 74.63 per litre,” he added. The Congress chief has been repeatedly attacking Modi over the recent past on the…

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Odisha: No Student Elections in Utkal University

Odisha: No Student Elections in Utkal University

Bhubaneswar: There will no student union polls in the Utkal University this year. A decision in this was taken after a high-level meeting by the university administration on 29 September. A high-level meeting was chaired by the PG Council Chairman and members of advisory committee today. Seeing the situation of the university the administration has decided to scrap this year’s student elections. As per the university authority, the situation in the Utkal University is out of control and the campus is still not completely free from antisocial activities and violence.…

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Administrators Appointed for 66 Civic Bodies in Odisha

Administrators Appointed for 66 Civic Bodies in Odisha

Bhubaneswar: In a significant decision, the Odisha government has appointed as many as 66 administrators for urban local bodies (ULBs) and one municipal corporation after end of its tenure on Saturday. According to a statesment issued by the state housing and urban development department said. “In exercise of the powers conferred by sub-section (5) of the section 401 of the Odisha Municipal Act, 1950 (Odisha Act, 23 of 1950), the state government appointed the administrators to exercise the powers and discharge the duties of the respective municipalities/notified area councils (NACs)…

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Elon Musk to Step Down as Tesla Chairman, Pay $20 Million to Settle Lawsuit Over ‘420’ Tweet

Elon Musk to Step Down as Tesla Chairman, Pay $20 Million to Settle Lawsuit Over '420' Tweet

Washington: Elon Musk has reached a deal over fraud charges that will see him step down as electric automaker Tesla’s chairman of the board and pay a $20 million fine but stay on as CEO, US securities regulators said Saturday. The agreement eases pressure on Tesla’s embattled CEO, who faced potentially being barred from serving as an officer or board member of a publicly traded company as a result of the charges, which stemmed from a tweet by Musk about taking the company private. “The settlements, which are subject to…

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48 Killed as 10-Feet Waves Plough Into Island, Dramatic Video Shows Moment of Impact

48 Killed as 10-Feet Waves Plough Into Island, Dramatic Video Shows Moment of Impact

Palu (Indonesia): A tsunami that hit two central Indonesian cities swept away buildings and pulverized a substantial bridge, dumping victims caught in its relentless path across a devastated landscape that rescuers were struggling to reach Saturday, hindered by damaged roads and broken communications. Disaster agency spokesman Sutopo Purwo Nugroho said 384 people were killed in the hard-hit city of Palu alone. There were also concerns over the whereabouts of hundreds of people preparing for a beach festival due to start Friday evening, the disaster agency said. The nearby city of…

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Amid US sanctions, India set to sign S-400 deal during Vladimir Putin’s visit next week

Amid US sanctions, India set to sign S-400 deal during Vladimir Putin’s visit next week

India will sign the S-400 missile system deal with Russia during the annual summit between Prime Minister Narendra Modi and President Vladimir Putin next week, hoping that it has done enough business with the US to secure a waiver from sanctions, and to prevent Russia from directly selling weapon systems to Pakistan if India says no to the deal. Hindustan Times had first reported in April that the deal would be signed during the October summit and, in May, that New Delhi would go ahead with the purchase despite US…

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Dhawan Dropped, Agarwal & Siraj Earn First Call-Ups for Windies Tests

Dhawan Dropped, Agarwal & Siraj Earn First Call-Ups for Windies Tests

Shikhar Dhawan’s man of the series winning effort at the Asia Cup hasn’t helped him save his spot in the Indian Test squad. The opener was dropped from India’s 15-man squad for the two-Test series against the West Indies starting on October 4. Dhawan had an underwhelming tour of England prior to his exploits at the Asia Cup, scoring just 162 runs in eight innings at an average of 20.25. Dhawan’s place at the top of the order has gone to Karnataka’s Mayank Agarwal, who has been in supreme form…

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SP Leader, Social Activists Demand Justice for Family of Tech Executive Killed in Lucknow

SP Leader, Social Activists Demand Justice for Family of Tech Executive Killed in Lucknow

Lucknow: Samajwadi Party leaders and social activists met the kin of a tech company executive who was shot dead early on Saturday morning by a policeman here and sought justice for the bereaved family. According to police, Apple executive Vivek Tiwari was shot dead when he allegedly refused to stop his car for checking in Lucknow’s posh Gomti Nagar neighbourhood. Two constables were arrested after an FIR was lodged on basis of a complaint by Tiwari’s colleague Sana Khan, who was travelling with him. SP leader and former minister Ravidas…

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Newly Wed Woman Gang-raped by Husband’s Relatives, Tantrik; Clothes Burnt to Destroy Evidence

Newly Wed Woman Gang-raped by Husband's Relatives, Tantrik; Clothes Burnt to Destroy Evidence

Kurukshetra: A newly married woman was allegedly gang raped by her husband’s relatives and a ‘tantrik’ in Haryana’s Yamunanagar, police said Saturday. According to a compliant filed by the woman’s father in Kurukshetra on Saturday, she was married to a resident of Yamunanagar on September 12 this year. Soon after the marriage, her in-laws called her father and said she was mentally sick. When the father reached her home, he found her lying in an unconscious condition. After gaining consciousness, she narrated him the whole incident. “She told us that…

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