Rs100 Cr | Business Upturn

Rs.100 Crore Corruption Case: Anil Deshmukh seeks default bail

News Desk — Mon, 20 Jun 2022 11:04:32 +0000

Rs. 100 Crore Corruption Matter: Former Maharashtra Home minister Anil Deshmukh and his associates, Sanjeev Palande and Kundan Shinde had filed a petition seeking default bail from the special CBI court. The matter is scheduled to be heard in court tomorrow.

The CBI had filed a charge sheet against Anil Deshmukh and his associates in connection to their probe into the Rs. 100 crore bribery allegations. These allegations were levelled by the former Mumbai police Commissioner Param Bir Singh against him.

Sachin Vaze, who is a dismissed police officer turned approver and sought pardon in the case. Lest, claimed in his application that. After having co-operated with the CBI before and after his arrest, his confessional statement was recorded before a Magistrate under provisions of the Criminal Procedure Code (crPC)

Deshmukh and his personal staff members have been booked under IPC sections. Which are related to criminal Conspiracy and section of Prevention of Corruption Act. Thus, for “attempt to obtain undue advantage for improper and dishonest performance of public duty”.

In latest updates, Anil Deshmukh who is currently in Judicial custody. Furthermore, approached the Supreme Court challenging the Bombay High Court order. Which had rejected his and Nawab Malik’s (former Cabinet Minister) plea to vote at the Maharashtra Legislative Council (MLC) polls. Since they are taking place today.

Earlier, a special PMLA court in Mumbai also happened to have rejected their pleas. Hence, seeking a day’s bail to vote in the Rajya Sabha elections.

Therefore, Anil Deshmukh remains in custody.

Further details are awaited.

RBI reduces Bharat Bill Payments System Operating Units from Rs 100 crore to Rs 25 crore

Aayush Agarwal — Fri, 08 Apr 2022 06:59:03 +0000

Shaktikanta Das is a retired 1980 batch Indian Administrative Service officer of Tamil Nadu cadre. Currently serving as the 25th governor of the Reserve Bank of India, he was earlier a member of the Fifteenth Finance Commission and India’s Sherpa to the G20.

RBI Governor has said that the system of cardless cash withdrawal will be made available across all banks and ATM networks using UPI. Das has also stated that the net worth requirement for the Bharat Bill Payments System Operating Units has been lowered from Rs 100 crores to Rs 25 crores only.

Amid recent Ukraine-Russia crisis, the governor stated, “We have put inflation before growth.”

The RBI Governor also supported his policies today. Evidently, saying that the Reserve Bank will continue to adopt nuanced, nimble approach to liquidity management while ensuring adequate liquidity in system. Lest, he emphasized to add that the central bank will engage in gradual, multi-year withdrawal. Which shall be of Rs 8.5 lakh crore excess liquidity in system.

The commodity and equity benchmarks of Sensex and Nifty have given up early gains. And were strictly flat during the mid-session deals. When the Reserve Bank of India maintained its status quo on the benchmark lending rate. After an increase of nearly 262 points in opening trade. Sensex has paired to trade flat at 58,965.18, lower by 69.77 points at 11:43 hours. During the entire process so far, the benchmark has apparently hit a new high of 59,297.46. Whereas, a low of 58,876.36 where even Nifty traded marginally higher by 5.20 points to 17,644.75.

Shah Rukh Khan charges a Whooping Rs 100 Crore for Pathan, becomes the highest Paid Actor in India

Mahesh Sharma — Thu, 25 Mar 2021 07:29:09 +0000

Pathan starring Shah Rukh Khan has instilled a new passion in his fans who have been eagerly anticipating the actor’s next release for a long time. Despite the fact that he never confirmed it, his action stills from the set of the film in Dubai made it clear that he is working on it.

We’ve also learned that the film has made him the highest-paid actor in the world. The actor has reportedly charged Rs 100 crore for the film, which also stars Deepika Padukone and John Abraham, according to a Twitter account.

The tweet reads, “Officially King Khan #ShahRukhKhan is the “Highest Paid Actor ” in India now. He charged whopping ” 100 cr ” for #Pathan.”

BREAKING NEWS : Officially King Khan #ShahRukhKhan is the " Highest Paid Actor " in India now. He charged whopping " 100 cr " for #Pathan. pic.twitter.com/oGz5bI8yGH

— Umair Sandhu (@UmairSandu) March 21, 2021

Siddharth Anand directed the film, which began shooting in Mumbai in November of last year. Salman Khan will appear in a cameo role in the film, which is produced by Yash Raj Films.

According to a source close to the situation, Shah Rukh Khan was impressed with Siddharth Anand’s narration, which is why he chose Pathan first. Deepika Padukone and John Abraham, who both star in the film, will join the shoot at a later date. Vishal Dadlani is composing the film’s music, and he recently announced the project.

Indian Angel Network to invest over ₹100 cr in Indian Start-ups

Chirag Jha — Mon, 15 Feb 2021 05:17:08 +0000

According to a governance committee member, venture capital (VC) consortium Indian Angel Network (IAN) is planning to invest over ₹100 crore in start-up firms across sectors in 2021. IAN has invested in start-ups like FarEye, Fab Alley, HungryZone, Staqu etc. in 2020. Howevber, IAN also exited 3-4 companies after registering 15 times growth on the invested capital.

IAN co-founder Padmaja Ruparel told PTI, “We will invest and we will exit both, and we will give returns. I think we will do much better than what we have done this year. I think more than ₹100 crore we should look at.”

“I think the other piece is anything driven by data and Analytics. Anything driven by brand, IT. What we are looking at is innovative ideas with good entrepreneurs,” Ruparel further added.

IAN funded about ₹100 crore in 45-50 companies in 2020. Currently, IAN is present in different segments of market including healthcare, biotechnology, medical devices, and wellness.

“To me 2021 looks very interesting. I think what 2020 has done will obviously impact 2021, also but we will continue to invest at the same pace or I would say higher pace actually. I think a lot of the new areas will come up. The reality is that online and technology are now here to stay,” Ruparel concluded.