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Arvind Fashions raises Rs 439 cr from investors, promoters

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Arvind Fashions Ltd (AFL), India’s leading casual and denim manufacturer, on Saturday said it has raised Rs 439 crore from various marquee investors including promoters by issuing equity shares of the company. This will “significantly strengthen” the balance sheet and allow the business to pursue its growth strategy while insulating it from any COVID related uncertainties, AFL said in a statement. “The Board of Directors of AFL at its meeting held today (Saturday) approved the preferential allotment of equity shares aggregating to Rs 439 crore to various marquee investors including…

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Biden’s view of job comes into focus after Afghan collapse

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President Joe Biden made up his mind about Afghanistan months really years ago. For more than a decade, Biden advocated for an end to American involvement in Afghanistan. But he did so as something of an outsider, a senator whose ultimate power came in the form of a single vote on Capitol Hill or a vice president who advised another president. But authority over America’s longest war finally fell into Biden’s hands this year and he insisted that the US withdraw from Afghanistan, settling on an August 31 deadline. And…

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NATIONAL NEWS NEWS CATEGORIES 

Indians detained on way to Kabul airport; Released subsequently: Reports

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A group of Indian nationals is learnt to have been stopped and taken to an unknown location near the Kabul airport on Saturday for questioning and verification of travel documents, triggering some confusion and concerns in India. People tracking the developments in Kabul said there were no specific reports of any harm to Indians in Kabul so far. The Indians were among 150 people who were heading towards the Kabul airport when they were stopped by Taliban fighters, according to Afghan media reports. The Indians were learnt to have been…

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LEGAL NEWS NEWS CATEGORIES 

Personal liberty important aspect of constitutional mandate, arrest should not be routinely made: SC

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Merely because an arrest can be made as it is lawful does not mandate that it must be made, the Supreme Court has said, while observing that personal liberty is an important aspect of constitutional mandate. The apex court said if arrest is made routine, it could cause “incalculable harm” to the reputation and self-esteem of a person. A bench of Justices Sanjay Kishan Kaul and Hrishikesh Roy said if the investigating officer of a case does not believe that the accused will abscond or disobey the summons, he or…

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NEWS CATEGORIES WORLD NEWS 

China approves three-child policy with sops to encourage couples to have more children

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China’s national legislature on Friday formally endorsed the three-child policy mooted by the ruling Communist Party, in a major policy shift aimed to prevent a steep decline in birth rates in the world’s most populous country. The revised Population and Family Planning Law, which allows Chinese couples to have three children, was passed by the Standing Committee of the National People’s Congress (NPC). In an apparent attempt to address the reluctance of the Chinese couples to have more children due to mounting costs, the amended law has also passed more…

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NATIONAL NEWS NEWS CATEGORIES 

Amarinder Singh, Sidhu agree on strategic policy group for better party-govt coordination

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 Punjab Chief Minister Amarinder Singh and State Congress chief Navjot Singh Sidhu on Friday agreed to set up a 10-member strategic policy group to ensure better coordination between the party and the state government and expedite implementation of various government programmes. The development is seen as a sign of thaw between Singh and Sidhu, amid the ongoing tussle between the two of them. In another development, the chief minister has deputed his ministers to sit at Congress Bhawan here for interacting with the party cadre and public. Congress president Sonia…

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LEGAL NEWS NEWS CATEGORIES 

Supreme Court Asks MP Education Department To Compile Details Of Compliance Of High Court Order

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The Supreme Court Thursday asked the Director of School Education of Madhya Pradesh to compile details regarding compliance of directions given by the state High Court last year that schools can recover only tuition fees from students during the COVID-19 pandemic. The Supreme Court Thursday asked the Director of School Education of Madhya Pradesh to compile details regarding compliance of directions given by the state High Court last year that schools can recover only tuition fees from students during the COVID-19 pandemic. The Madhya Pradesh High Court had also said…

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BUSINESS NEWS CATEGORIES 

Demand for resumption of chartered flights to Goa to be taken up with Centre: Sawant

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Goa Chief Minister Pramod Sawant has said his government will put forth before the Centre the demand of industry bodies here to resume international chartered flights to the coastal state from October this year. The Goa Chamber of Commerce and Industry (GCCI) and the Travel and Tourism Association of Goa (TTAG) submitted a memorandum to the CM on Tuesday, seeking the resumption of chartered flights to provide a boost to the tourism sector, which is reeling under the adverse impact of the COVID-19 pandemic and subsequent curbs. While domestic tourists…

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LEGAL NEWS NATIONAL NEWS 

Centre to make all efforts to bring back Indians from Afghanistan: Scindia

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Union Civil Aviation Minister Jyotiraditya Scindia has said the central government will make all efforts, like it did in the ‘Vande Bharat Mission’, to bring back Indian citizens from Afghanistan, which has witnessed re-emergence of the militant group Taliban. The Vande Bharat Mission was carried out last year to bring back Indians stranded in foreign countries after the suspension of regular international flights following the oubreak of COVID-19 pandemic. The Indian government will bring its citizens back to their homes from Afghanistan, like we did in the Vande Bharat Mission,…

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NATIONAL NEWS NEWS CATEGORIES 

“Lashkar, Jaish Still Operate With Impunity”: S Jaishankar At UN Briefing

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“Whether Afghanistan or against India, terror groups like Lashkar e Taiba and Jaish e Mohammed continue to operate with impunity,” Foreign Minister S Jaishankar said. Foreign minister S Jaishankar detailed India’s concerns about terror for the first time since the Taliban takeover of Afghanistan, naming specific groups in another first. “Whether in Afghanistan or against India, groups like Lashkar-e Taiba and Jaish-e-Mohammed continue to operate with impunity and encouragement… Heightened activities of the proscribed Haqqani network justify growing anxiety,” he said in an address to the United Nations Security Council…

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