Day: June 15, 2024

Putin’s Demands for Ukrainian Territory and NATO Rejection Met with Defiance from Kyiv

Manish Kumar

Putin sets out the most detailed conditions so far to end war. Offer comes on eve of Swiss peace summit. The Ukrainian response was swift and resolute, rejecting Putin’s terms as an ultimatum. U.S. Defense Secretary Lloyd Austin, from NATO headquarters, stated that Putin lacks authority to dictate terms to Ukraine amid conflict and global condemnation. The Switzerland summit’s outcome could either lead to peace or worsen the conflict in Eastern Europe, impacting global relations and security. In a provocative move that has intensified the Ukraine-Russia conflict, President Vladimir Putin…

BJP Convenes Panel Amidst Post-Poll Turmoil in West Bengal; Governor Criticizes TMC Handling

Manish Kumar

Amidst escalating post-poll violence in West Bengal, the BJP has formed a specialized committee to investigate the incidents. The committee, led by BJP President JP Nadda, will investigate reports of violence against opposition workers and voters after the Lok Sabha elections. BJP accuses Mamata Banerjee and TMC of negligence, allowing TMC-aligned perpetrators to act with impunity. West Bengal Governor CV Ananda Bose has also weighed in, criticizing the TMC for obstructing victims of violence from meeting him at Raj Bhavan, despite his prior permission. The unrest erupted immediately after the…

Indian Startups Surge: Raises $202 Million, Over 100% Increase from Last Week

Manish Kumar

The Indian startup ecosystem has witnessed a significant resurgence in fundraising activities this week, with startups collectively securing nearly $202 million across 21 deals. Leading the charge in this latest funding spree are cleantech startups, with EV startup Battery Smart emerging as a standout by raising $65 million. In the consumer goods sector, direct-to-consumer (D2C) skincare firm Foxtale successfully raised $18 million in a round led by Singapore-based Panthera Growth Partners. Adding to the momentum, Renee Cosmetics, a popular beauty and makeup brand, secured Rs 100 crore (around $12 million)…

Congress’s Mallikarjun Kharge Issues Warning to BJP: “Modi’s Minority Government Could Fall Anytime”

Manish Kumar

Congress leader Mallikarjun Kharge has warned the BJP-led NDA government, claiming it was formed by mistake and is now at risk of collapse. After the recent Lok Sabha elections, where BJP emerged as the largest party with 240 seats but fell short of a majority, Kharge hinted at potential actions by the INDIA bloc soon. The BJP depends on allies to reach the majority mark of 272 seats, contrasting with Modi’s previous clear majority wins. In the recent Lok Sabha elections, Congress made notable gains by securing 99 seats, a…

Protest at Dharmendra Pradhan’s Residence Leads to FIR Against NSUI Leaders Amid NEET-UG Controversy

Manish Kumar

The NEET-UG 2024 examination has become a focal point of controversy. Delhi Police registered an FIR against NSUI student leaders for staging a protest outside the Union Education Minister’s residence. Despite the government’s assurances regarding the fairness of the examination process, calls for a CBI investigation have gained momentum. Union Education Minister Dharmendra Pradhan has reaffirmed the government’s commitment to safeguarding the interests of NEET examinees. Pradhan emphasized stringent measures against malpractice, asserting that accountability within the National Testing Agency (NTA) would be ensured. Minister Pradhan held a dialogue with…

Hyundai Motor India Seeks Record IPO, Aims for $3 Billion in Stock market Listing

Manish Kumar

Hyundai Motor India has taken significant steps towards its much-anticipated initial public offering (IPO) by seeking regulatory approval for a listing on the Mumbai stock exchange. This move could potentially make it the largest IPO in India’s history, with plans to raise between $2.5 billion to $3 billion. The decision to go public marks a strategic move for Hyundai Motor India, as it anticipates benefits such as enhanced visibility, improved brand image, and increased liquidity through access to the public market. This IPO is significant as the first by an…

TA Associates’ Exit from India

Manish Kumar

TA Associates, a prominent global growth private equity firm, has made another exit move from the Indian market. This decision is noteworthy and invites analysis on several fronts—strategic, financial, and market implications. TA Associates is known for investing in profitable growth companies in targeted sectors such as technology, healthcare, financial services, consumer, and business services. Over the years, the firm has made significant investments in India, recognizing the country’s potential for high-growth opportunities. Private equity firm TA Associates has recently sold off a portfolio company in India after a seven-year…

Controversy Erupts as Delhi LG Sanctions UAPA Prosecution Against Arundhati Roy

Manish Kumar

The decision by Delhi Lieutenant Governor V K Saxena to sanction the prosecution of acclaimed author Arundhati Roy under the Unlawful Activities (Prevention) Act (UAPA) has ignited a fierce debate across political circles and civil society. Here’s a detailed narrative of the developments and reactions surrounding this contentious issue: Sanction for Prosecution: V K Saxena’s approval extends not only to Arundhati Roy but also to former Central University of Kashmir professor Dr Sheikh Showkat Hussain. This decision originates from allegations that both individuals delivered provocative speeches advocating for the separation…

PM Narendra Modi Returns Triumphantly to India After Historic G7 Summit in Italy

Manish Kumar

Prime Minister Narendra Modi has returned to New Delhi following his highly successful participation in the G7 summit held in Italy, where he engaged in pivotal discussions with global leaders and emphasized India’s proactive role on the world stage. Here’s a detailed account of his visit and key outcomes: Significant Engagement at the G7 Summit: PM Modi’s presence at the G7 summit marked his first international visit after assuming office for the third consecutive term. He actively participated in discussions covering a wide array of global issues, including climate change,…

Modi and Meloni Capture Selfie Moment at G7; Kisan Samman Nidhi Disbursement Set for June 18

Manish Kumar

Indian Prime Minister Narendra Modi and Italian Prime Minister Mario Draghi shared a lighthearted moment at the G7 summit, capturing global attention with a selfie that underscored diplomatic relations and informal interactions among world leaders. The snapshot of Modi and Draghi, smiling in the midst of discussions at the G7 summit, highlighted the significance of international cooperation and bilateral ties between India and Italy. Meanwhile, on the domestic front, the Indian government has announced the upcoming disbursement of the Kisan Samman Nidhi on June 18. This installment of the scheme,…