ED says Congress leader Salman Khurshid's wife Louise, two others laundered govt funds
The Enforcement Directorate has accused Salman Khurshid's wife, Louise Khurshid, and two others of laundering Rs 71.50 lakh in central government funds for personal gain. They allegedly diverted funds meant for government-sanctioned camps through the Dr Zakir Hussain Memorial Trust. The ED has attached 15 land parcels and bank deposits worth Rs 45.92 lakh under the PMLA. This case is linked to FIRs filed by the UP Police's Economic Offences Wing. Key Points
Economic TimesLinda Yaccarino Says X Needs More Moderators After All
X CEO Linda Yaccarino told US senators she’s hiring more trust and safety staffers. She didn’t mention that Elon Musk fired most people policing content on the platform when he acquired it in 2022. Key Points
WIREDLinda Yaccarino Says X Needs More Moderators After All
X CEO Linda Yaccarino told US senators she’s hiring more trust and safety staffers. She didn’t mention that Elon Musk fired most people policing content on the platform when he acquired it in 2022. Key Points
WIREDRam Mandir prasad isn't being distributed online, clarifies Shri Ram Janmabhoomi trust amid devotee confus
Shri Ram Janmabhoomi trust assures devotees: No authorized online prasad distribution. Devotees cautioned against unapproved platforms offering sacred prasad. Recent reports sparked confusion, prompting direct inquiries. trust emphasizes prasad is solely distributed within the temple, no online service initiated. Free of charge, devotees advised to exercise caution and obtain prasad only through authorized channels. Clear guidance aims to dispel uncertainties surrounding online claims. Key Points
Economic TimesIndia on top for trust in businesses, NGOs; 4th for media, 5th in government
The 24th annual survey, which covered over 32,000 respondents across 28 countries, showed developing countries having a lead over developed ones in terms of overall trust perception of their respective populations. On the overall index, prepared on the basis of average per cent trust in NGOs, business, government and media, India moved to second place from fourth in 2023, while China retained its top spot. Key Points
Economic Times
Tent cities being erected in Ayodhya to host devotees
It will be cold. Even if 10,000-15,000 people come to stay, where will they find shelter, facilities for food, water and toilet? Tent cities comprising tin-shed tents are being built by the trust which will be maintained till February, Champat Rai, general secretary of the trust, said on Thursday. Key Points
Economic TimesMunger, Kissinger and rat-miners have pushed trust back into the spotlight
Even sectoral regulators have recognized the importance of trust and customer relations. Let’s hope it’s an enduring concern and not a passing fancy. Key Points
mintJack Ma's family trust to sell Alibaba shares amid US export curbs
US News: Alibaba Group Holding reported a 9% increase in revenue for Q3, reaching 224.8 billion yuan ($31 billion), in line with market expectations. However, Key Points
Times Of IndiaOpenAI's head of trust and safety steps down
OpenAI's head of trust and safety Dave Willner is leaving the company, he said in a LinkedIn post on Friday, citing the pressures of the job on his family life and saying he would be available for advisory work. Key Points
ReutersHC refuses to allow animal sacrifice near protected Vishalgad Fort
The Bombay high court has refused to grant relief to a trust that has been barred from carrying out animal sacrifice within the protected area of the Vishalgad Fort in Kolhapur. The court stated that it would not permit unregulated or unmonitored slaughter of animals and that maintaining hygiene and sanitation was of utmost importance. The trust had claimed that slaughtering was being carried out 1.3km away from the fort. The bench asked the authorities to file their replies by July 3 and posted the hearing to July 5. | Mumbai news Key Points
Hindustan Times
Nexus Select trust REIT shares list at 3% premium over issue price
Nexus Select trust REIT listed at a 3% premium over issue price on the NSE on Friday. The stock got listed at Rs 102.27 on the BSE, as against the upper price band of Rs 100, a premium of over 2%. With the listing, Nexus became India's first REIT with rent-yielding retail real estate assets. Before Nexus hit the markets, there were three listed REITs - Embassy Office Parks REIT, Mindspace Business Parks RE Key Points
Economic TimesDahod masjid trust moves High Court after demolition drive for smart city project
The trust said the masjid is a “deemed Waqf” property. It added that while since 1926, the mosque has existed in a part of the trust’s land registered in 1953, existing shops on some other parts of the land were given on rent by the trust and Waqf. Key Points
The Indian ExpressNexus Select trust REIT IPO Day 1: Issue subscribed 27%, NIIs bid for 0.4 times their portion
The Nexus Select trust REIT IPO was subscribed 0.28 times on Day 1. Key Points
FinancialexpressAt U.N., world's divided nations agree there's little trust
Diplomats at the U.N. Security Council presented ideas on how to move toward a more peaceful future — a task they see as difficult, but not impossible Key Points
The HinduInfosys co-founder family trust to get 370% return in Divgi Torqtransfer IPO
NRJN firm will make a profit of ₹66.98 crore, which is 370 per cent returns of his investment of ₹18 crore. Key Points
mint
6 ways to re-build trust in relationship after a betrayal
Betrayal by a loved one can really hurt. Here are ways you can re-gain that lost trust, by a psychotherapist. Key Points
Hindustan TimesBMC issues stop work notice to ‘illegal’ construction at Juma Masjid
The Brihanmumbai Municipal Corporation (BMC) has issued a stop work notice to Juma Masjid in South Mumbai due to allegations of illegal construction. Former trust members claim that unauthorized work is being carried out inside the heritage structure. The current trust denies the allegations and states that there is no construction happening at the mosque. A writ petition has been filed in the Bombay High Court regarding the issue. | Mumbai news Key Points
Hindustan TimesBig Tech Ditched trust and Safety. Now Startups Are Selling It Back As a Service
The burgeoning trust and safety industry promises to help tech companies navigate scrutiny and regulation. But these services bring problems of their own. Key Points
WIREDNexus Select trust REIT IPO opens for subscription today; should you subscribe to Rs 3200-crore public issue?
The Blackstone-backed Nexus Select trust REIT IPO opened for subscription on 9 May. Should you subscribe to the Rs 3,200 crore issue? Here's what analysts say. Key Points
FinancialexpressMs Nidarshana Gowani gifts Tulsi sapling to the Governor of Maharashtra at an event on Earth Day-Entertainment News , Firstpost
The Kamala Ankibai Ghamandiram Gowani trust has been actively involved in several initiatives that support women's growth and development. They have been working to get women the status they deserve, and they have achieved significant milestones in this regard. Key Points
Firstpost
Nexus select trust focuses on fresh acquisitions in Eastern India
The platform, which owns several malls, is India's first retail assets-led REIT. It is looking to add new properties spread around 1.5 million sq ft to its portfolio every year for the next three to five years, said Arjun Sharma, vice chairman at Nexus Select Mall Management. Key Points
Economic TimesFrom wooden stick to trek timing: Tirupati announces new rules for devotees; all you need to know
Each devotee trekking the footpath will be provided with a wooden stick for self-defense. Parents with children aged below 12 years will be allowed to trek the footpath routes only between 5 am and 2 pm only. Key Points
Business TodayScientists should admit their covid errors to regain the trust they lost
American trust in them has dropped, given their pandemic mis-calls, but they could earn it back. Their dedication to the pursuit of truth is under watch. Key Points
mintBuilding trust key to meet climate goals: COP28 CEO
The UAE is pursuing a solutions-based approach. “How do we recreate the idea that we can bring everybody around a more optimistic vision of what the future could look like? And how do we craft a pathway or directions in which we need to go for the next 70-year period to achieve the Paris Agreement?” said Adnan Amin, CEO of COP28. His answer is simple: trust among countries. Key Points
Economic TimesNexus Select trust REIT IPO Day 3: Issue fully subscribed at 1.44x; NIIs oversubscribe 1.63 times
Nexus Select trust REIT IPO fully booked on Day 3: The Nexus Select trust REIT IPO was subscribed 1.44 times on before the close of Day 3. The issue received 26.6 crore bids for the 18.5 crore units that are on offer. Key Points
Financialexpress
Governors cannot precipitate the fall of elected governments: Supreme Court
‘People may ditch their government, but the trouble starts when Governors become willing allies by calling for a trust vote... This is a very sad spectacle in democracy,” the SC said, in the Maharashtra case Key Points
The Hindutrust Fintech IPO: SME issue subscribed 3.34 times on day 1; check subscription status, GMP, other details
Trust Fintech IPO: The SME issue was subscribed 3.34 times on the first day of subscription with the portion reserved for retail investors booked the highest. Key Points
mintXi Jinping hails 'deepening' trust between China, Russia in talks with Putin
Xi Jinping conveyed to Vladimir Putin that the level of political mutual trust between their nations is steadily strengthening, as reported by state media in Beijing. Xi also emphasized the importance of collaborative endeavors between China and Russia in preserving international equity and upholding justice. The state news agency Xinhua praised the strong and efficient strategic coordination that exists between the two countries. Key Points
Economic TimesNexus Select trust REIT IPO Day 2: Issue bid for 0.57 times; NIIs oversubscribe 1.05x for their portion
The Nexus Select trust REIT IPO was subscribed 0.57 times on Day 2. The issue received 10.5 crore bids for the 18.5 crore units that are on offer. Key Points
FinancialexpressHappy place! Finland named world’s happiest country for the sixth consecutive year – Here’s where India ranked
Finland, which boasts of numerous lakes and forests, is known for its robust welfare system and low levels of inequality. It also has high levels of trust in its officials. Key Points
Financialexpress
Ram mandir 'pran pratistha' invitation cards to be hand-delivered to all guests: Sources
The invites for Ram temple consecration ceremony set to be held on January 22 in Ayodhya will be hand-delivered to all guests through representatives of the temple trust and volunteers. The event will feature over 7,000 guests, including cricket legends Sachin Tendulkar and Virat Kohli, Bollywood superstar Amitabh Bachchan, and billionaire industrialists Mukesh Ambani and Gautam Adani. Key Points
Economic TimesBlackstone-backed Nexus Select trust to focus on eastern India for fresh acquisitions
Nexus Select Trust, India's first retail assets-led real estate investment trust (REIT), will focus on eastern India for its new acquisitions, with the aim of adding new properties totalling around 1.5 million sq ft to its portfolio each year for the next three to five years. Further, it intends to invest 2% of revenue annually to refurbish its malls. The IPO is set to take place between 9 May and 11 May and is expected to raise Rs 3,200 crore ($469m). Key Points
Economic TimesIs Anything Still True? On the Internet, No One Knows Anymore
New tools can create fake videos and clone the voices of those closest to us. ‘This is how authoritarianism arises.’ Key Points
mintCan I draft a will that benefits my family as per my terms?
You can draft a will for all your assets. The will should have details of the beneficiaries and details of all assets and investments. The will should then specify the distribution of assets as per your wishes. Key Points
mintPandora Papers Leak: ED seizes assets worth over ₹36 crore from Goa miner's son
ED seizes ₹36.8 crore asset from Goa miner's son Rohan Timblo in probe related to Pandora Papers Leak. Key Points
mint
PM Modi passes trust vote, Opposition's no-confidence motion defeated in Lok Sabha
Earlier, PM Modi said, 'Congress loved to tarnish India's image and they amplify it in the country. They don't trust India-made vaccines. They don't believe in India's people and their capabilities, but I want to tell them that the level of no-confidence among people toward Congress is high' Key Points
FirstpostBlackstone's Nexus Select trust IPO:Non Institutional Investors show interest so far; check details
Nexus Select trust IPO: The issue that opened for subscription on Tuesday, May 9, and closes on Thursday, May 11. For the proposed IPO, the company has set the price range at ₹95 to ₹100 per equity share. Key Points
mintIndia's first bad bank - the SASF, instituted two decades ago - to be wound down
A process has been initiated for valuation of about 400 odd loans that were parked in the trust which have continued to remain non-performing. The loans will be sold after this exercise is completed to facilitate the closure of the bad bank, according to sources. Key Points
Economic TimesGujarat Board Class 10 results: Farmer’s son among toppers, Rupani non-profit funded education
Rudra is a student of Dholakiya School, one of the leading private schools in Rajkot. He is the son of Jitendra Gami, a farmer from Ramarechi village in Talala taluka of Gir Somnath district. Key Points
The Indian ExpressDeloitte plans restructure to cut costs, will likely pare down to 4 business units from 5, says report
Deloitte plans to restructure by reducing business units to four amidst cost-cutting measures ahead of a market slowdown, with a focus on audit, strategy, technology, and tax. The Big Four accounting firms are also facing challenges as client demand decreases due to economic uncertainty. Key Points
mint
IndiGrid to acquire Virescent Renewable Energy trust for up to Rs 4,000 cr
Infrastructure investment trust IndiGrid has signed a share purchase agreement for the acquisition of Virescent Renewable Energy trust (VRET) at an enterprise value of up to INR40bn ($533m) in cash. IndiGrid executed the agreement to acquire 100% of the units of VRET from the unitholders of VRET in May 2023. The Virescent portfolio includes 16 operating solar projects with an asset under management of INR41.21bn as of the end of March. Key Points
Economic TimesSupreme Court reserves judgment on Maharashtra political row
Justice P.S. Narasimha says there is no freedom in regional parties; Bench deliberates on whether Governor can call for trust vote on being approached by a group of MLAs who have left party Key Points
The Hindutrust Fintech IPO opens tomorrow: Check issue size, price band, GMP and other details
The SME IPO of trust Fintech will open for subscription on Tuesday and will close on March 28. The company aims to raise about Rs 63 crore through the SME IPO and list the shares on NSE SME platform. Here are 10 key things investors need to know about the public offer before subscribing to the issue. Key Points
Economic TimesBitcoin near $54,000 mark, the highest in two years
Bitcoin saw a rise of up to 3.5 percent, reaching $53,600. The last time it traded at this level was in December 2021 when it achieved an all-time high of almost $69,000 the preceding month. Key Points
mintBlackRock woos investors for ethereum trust to further crypto push
Asset management giant BlackRock (BLK.N) on Thursday began courting public investors for an ethereum trust, doubling down on its cryptocurrency bets amid potentially easing regulations over such investment vehicles. Key Points
Reuters