Category: Breaking News

Moscow, Russia — Prime Minister Narendra Modi, during his ongoing visit to Russia, addressed the Indian diaspora in Moscow on Tuesday, invoking the famous Raj Kapoor song “Sar Pe Laal Topi Rusi” to emphasize the warmth of India-Russia relations. Praising his “dear friend” Russian President Vladimir Putin, Modi assured that the bond between the two nations would remain strong regardless of external conditions. Dressed in a white kurta-pajama with a red scarf around his neck, Modi received a warm reception from the Indian community, who chanted his name several times…

Prime Minister Narendra Modi is set to visit Austria on July 9 and 10, making him the first Indian leader to travel to the country in 41 years. This visit signifies a historic moment in India-Austria relations, revitalizing a connection that has been dormant since Indira Gandhi’s visit in 1983. Prior to that, the last Indian prime minister to set foot in Austria was Jawaharlal Nehru in 1955. Pioneers in Diplomacy The diplomatic relationship between India and Austria began in 1949. Nehru’s visit in 1955 was pivotal, as it marked…

On the morning of July 3, the Indian equity markets experienced a historic surge. The Sensex, a 30-share index on the Bombay Stock Exchange (BSE), soared by 597.77 points to break through the unprecedented 80,000 mark, reaching a new lifetime high of 80,039.22. Simultaneously, the Nifty index, encompassing 50 major companies, climbed 168.3 points, setting a fresh record at 24,292.15. The surge was driven by heavy buying in banking stocks and a positive trend in global markets. Major Contributors to the Rally Key players in the rally included HDFC Bank,…

Fugitive Businessman Faces New Legal Troubles A special court in Mumbai has issued a non-bailable warrant against fugitive businessman Vijay Mallya in connection with a Rs 180-crore loan default case involving Indian Overseas Bank (IOB). The order, issued by special CBI court judge SP Naik Nimbalkar on June 29, was made public on Monday. The court underscored Mallya’s status as a “fugitive” and cited previous non-bailable warrants against him based on submissions from the Central Bureau of Investigation (CBI). The judge stated, “This is a fit case to issue an…

High-Profile Investors Deceived Rishi Shah, an Indian-American businessman and former billionaire, has been sentenced to seven and a half years in prison by a US court. The sentence concludes a massive ₹8,300 crore ($1 billion) fraud case. The scheme deceived high-profile investors, including Goldman Sachs Group Inc., Google’s parent company Alphabet Inc., and Illinois Governor JB Pritzker’s venture capital firm. US District Judge Thomas Durkin delivered the verdict, marking the end of one of the largest corporate fraud cases in recent history. The Rise of Outcome Health Outcome Health, originally…

General Upendra Dwivedi has officially taken over as the new Chief of the Indian Army. This transition follows the retirement of General Manoj C Pande on June 30th. Dwivedi, who previously served as the Vice Chief of the Army Staff, has now stepped into the top position, leading the Indian Army. Background and Previous Roles Before his promotion, General Dwivedi held several key positions within the Indian Army. Notably, he served as the Chief of the Army’s Northern Command, which oversees operations in Jammu and Kashmir and along the strategic…

Hindenburg Research has publicly dismissed as ‘nonsense’ a purported show cause notice from the Securities and Exchange Board of India (SEBI). The notice alleges that the short-selling hedge fund engaged in fraudulent and unfair trade practices concerning trading in Adani Enterprises’ stock and violated Indian regulations. The US-based investment research firm asserted on its website that the notice from SEBI has been “concocted to serve a pre-ordained purpose: an attempt to silence and intimidate those who expose corruption and fraud perpetrated by the most powerful individuals in India.” It added that SEBI appeared to be…