Tausif Riyaz, CEO of Platinum Hern, the company behind Torres Jewellers, was arrested on Sunday at a hotel in Lonavala, Maharashtra, in connection with the ongoing investigation into the Torres Jewellery Rs 1,000 crore investment fraud, reported TOI citing police sources. After his arrest, Riyaz was presented before a court, which remanded him to police…
The National Company Law Appellate Tribunal (NCLAT) has set aside the penalty imposed against lenders of debt-ridden Mudra Denim, saying there was no laxity on their part for delay in insolvency process. The Mumbai bench of the National Company Law Tribunal had, on November 11 last year, while deciding creditors’ plea seeking extension of deadline…
US buyout fund Advent International is in advanced negotiations to pick up a controlling stake in Orra Fine Jewellery, owned by one of the country’s top diamond manufacturers and retailers, Rosy Blue Group, multiple people in the know said. The proposed deal could value Orra at Rs 1,500-1,750 crore ($174-203 million), the people said, as…
Donald Trump and Benjamin Netanyahu (File photo) Israeli Prime Minister Benjamin Netanyahu on Sunday expressed his gratitude to US President Donald Trump on Sunday for what he described as providing Israel with “tools” to defend itself. This came after the US president reportedly authorised the transfer of 2,000-pound bombs to Israel.The US administration under Joe…
The Brazilian government slammed Washington after dozens of immigrants from the US arrived in handcuffs following Donald Trump’s crackdown on irregular migration and mass deportation.Brazil foreign ministry called the incident a “flagrant disregard” of Brazilian citizens rights and demanded an explanation over the “degrading treatment of passengers on the flight”.“The indiscriminate use of handcuffs and…
Jasprit Bumrah (Getty Images) NEW DELHI: As Indian cricket holds its breath over Jasprit Bumrah’s fitness, it has emerged his back injury is due to be assessed by orthopedic surgeon Dr Rowan Schouten in New Zealand, with a consultation visit also planned depending on his report and feedback. TOI understands that the Indian cricket board…
Top Stock Picks (AI image) Stock market recommendations: According to Motilal Oswal Financial Services Ltd, the top stock picks for the week (starting January 27, 2025) are Coforge and Persistent Systems. Let’s take a look: Stock Name CMP (Rs) Target (Rs) Upside (%) Coforge 9230 12000 30% Persistent Systems 6389 7600 19% Coforge:COFORGE saw 8.4%…
Taylor Swift made a grand entrance at Arrowhead Stadium for the AFC Championship game, supporting boyfriend Travis Kelce and the Kansas City Chiefs. Dressed in luxurious Louis Vuitton, Swift captivated fans. Her family joined her, highlighting her deepening connection to the NFL. The Chiefs aimed for a historic third consecutive Super Bowl victory. Taylor Swift…
Action-drama Sky Force, featuring Akshay Kumar and newcomer Veer Pahariya, made an impressive debut at the domestic box office over its opening weekend. Touted as the untold story of India’s first and deadliest airstrike, the film, which was released nationwide on Friday, saw steady growth and capitalised on the Republic Day holiday, amassing an estimated…
NEW DELHI: The exodus of Foreign Portfolio Investors (FPIs) from the Indian equity markets continues unabated, as they have withdrawn Rs 64,156 crore ($7.44 billion) so far this month, driven by the depreciation of the rupee, a rise in US bond yields, and expectations of a tepid earnings season.This comes after an investment of Rs…
