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Bharti Infratel board reappoints Akhil Kumar Gupta as Executive Chairman

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Bharti Infratel board has reappointed Akhil Kumar Gupta as Executive Chairman of the company for five years with effect from August 1, 2018.   “The Board of Directors in its April 23, 2018 meeting has reappointed Akhil Kumar Gupta as the Executive Chairman of the company, not liable to retire by rotation, for a further term of five years with effect from August 1, 2018,” Bharti Infratel said in a BSE filing. His reappointment is however subject to shareholders’ approval. Gupta also serves as Vice Chairman of Bharti Group. He…

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BUSINESS NEWS CATEGORIES 

Prices of energy commodities set to rise by 20 pc this year: World Bank

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Prices for energy commodities like oil, natural gas and coal are expected to jump by a whopping 20 per cent this year, the World Bank has said in a report. The increase in energy prices is expected to have adverse impact on India, given that the country is heavily dependent on import of major energy commodities. The latest World Bank forecast is a 16-percentage point upward revision from October’s outlook, the World Bank said in its April Commodity Markets Outlook released yesterday. Oil prices are forecast to average USD 65…

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NEWS CATEGORIES WORLD NEWS 

2 Dallas police officers wounded in shooting outside store

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Two Dallas police officers were critically wounded in a shooting outside a home improvement store, authorities said.   Police Chief U Renee Hall said a store loss-prevention officer also was shot in the incident about 4:15 pm yesterday outside a Home Depot in northern Dallas. In a tweet about the shooting last evening, the Dallas Police Department said the officers were critically wounded. During a news conference last night at Texas Health Presbyterian Hospital Dallas, Hall declined to give an update on their conditions, citing consideration for the privacy of…

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NEWS CATEGORIES WORLD NEWS 

Trump’s tariffs risk jobs and profits in working-class areas

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President Donald Trump’s escalating dispute with China over trade and technology is threatening jobs and profits in working-class communities where his “America First” agenda hit home.   The Commerce Department has received more than 2,400 applications from companies seeking waivers from the administration’s tariffs on steel and aluminum imports, which may result in duty payments of millions of dollars for larger businesses. The department has begun posting the requests online for public comment; several of the applications released so far suggest deep misgivings with Trump’s protectionist strategy, especially in areas…

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NATIONAL NEWS NEWS CATEGORIES 

Maneka bats for compensation for male victims of child sexual abuse

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Woman and Child Development Minister Maneka Gandhi today proposed amendment of an existing “scheme” for boys, who have been raped or sexually exploited, to be compensated on the lines of a similar law for girls.   She also announced a study on male survivors of child sexual abuse — a first-of-its-kind study exclusively for males. “Another much neglected sphere of child sexual abuse is male survivors. Child sexual abuse (CSA) is gender neutral. Boys who are sexually abused as children spend a lifetime of silence because of the stigma and…

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NATIONAL NEWS NEWS CATEGORIES 

Asaram found guilty of raping teenager in 2013, two co-accused convicted

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A Jodhpur court today held self-styled godman Asaram guilty of raping a teenage girl in his ashram five years ago, the second case of a powerful spiritual leader being convicted of a sexual offence in less than a year after Gurmeet Ram Rahim last August Special judge Madhusudan Sharma’s verdict, which comes as the debate over sexual violence, particularly the rape of minors, intensifies across the country, was read out in the Jodhpur Central Jail where 77-year-old Asaram has been kept for over four years The special court for SC/ST…

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BUSINESS NEWS CATEGORIES 

Infosys CEO Salil Parekh Reveals Three-Year Transformation Plan

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Global software major Infosys will invest more in digital technologies to drive business and look for strategic inorganic acquisitions. “As digital is not just about technologies but driving business outcomes, we will invest more in it as we are well positioned in it (digital),” Infosys Chief Executive Salil Parekh told analysts at a meeting. Presenting the company’s strategic direction, Mr Parekh said there was tremendous loyalty and expectation from the clients on digital future. “As lot of core areas needed digitsation, we are working on them,” he noted. The company has drawn a three-year…

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LEGAL NEWS NEWS CATEGORIES 

Was There Scientific Research That Death Penalty Is Deterrent To Rape: High Court To Centre

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The Delhi High Court asked the Centre Monday if it had done any research or scientific assessment before coming out with an ordinance to award death penalty for rape of girls below the age of 12. The high court was dealing with an old PIL that challenged the Criminal Law (Amendment) Act of 2013, in which a penal provision — minimum of seven years of jail term — for a rape convict was included and the court’s discretion to award less than that was taken away. “Did you carry out…

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LEGAL NEWS NEWS CATEGORIES 

‘Over 4000 Cases Settled In Single Day In National Lok Adalat’: Judge

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More than four thousand cases were settled on a single day in the National Lok Adalat organised in the District Court Mathura, a judge in Mathura said. Not only 3,025 cases were settled but also an amount of Rs. 98,30,329 was realized as decree amount for 18 execution cases,” District Judge Ajeet Singh said. He said the orders were passed to provide compensation claim to the tune of Rs. 7,50,000 amongst 21 behavioural cases and one motor accident case. Orders were also passed to provide compensation claim Rs. 1,42,95,000 to aggrieved parties in 27 motor accident…

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BUSINESS NEWS CATEGORIES 

In Loan Fraud Case, Assets Worth 1,122 Crore Of Gujarat Firm Attached

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The Enforcement Directorate today said it has attached assets worth Rs. 1,122 crore, including wind mills and an under-construction hotel, of Vadodara-based DPIL Pvt Ltd in connection with its money laundering probe in a bank fraud case. Diamond Power Infrastructure Limited (DPIL) is accused of cheating various banks to the tune of Rs. 2,654 crore. The central probe agency had filed a criminal case against the firm and its promoters under the Prevention of Money Laundering Act (PMLA), after taking cognisance of a CBI FIR, and had searched its premises last month. “The assets…

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