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 Previous year proved to be most challenging in living memory as COVID-19 brought economies and businesses to a grinding halt. India was hit hard by the pandemic. Usha Martin Limited expects the Indian economy to rebound on the back of pent-up demand across sectors. Rajeev Jhawar, Managing Director of Usha Martin Limited hopes that Reserve Bank of India’s (RBI) monetary stimulus and the Government of India’s fiscal measures will bring the economy back to a sustainable positive territory. He believes that the substantial budgetary outlay on infrastructure by Government of India will augur well for their business. Rajeev Jhawar  expects that the domestic demand for their products, particularly in the construction and auto sectors will start picking up after the monsoon season. “The various measures announced by the Central government to boost the economy are likely to start yielding results post-monsoon”, Rajeev Jhawar said. There should be a pick-up in demand during the festival season

  The country has recorded an increase in deadly attacks over the past two weeks ISIS claimed the two bomb attacks on minibuses in Afghanistan ’s Mazar-i-Sharif that killed nine people on Thursday. The attacks came within minutes of each other in two areas of Mazar-i-Sharif as commuters headed home to end the day’s fast, Balkh provincial police spokesman Asif Waziri told AFP. The country has suffered a sharp increase in deadly attacks over the past two weeks after a string of bombings during Ramadan, the month of fasting. “The targets appear to be Shiite passengers,” he said. Thirteen people were wounded in the blasts. The so-called Islamic State — Khorasan Province (IS-K) took responsibility for Thursday’s attack, claiming hat 30 people were killed. The number of violent public attacks in Afghanistan has fallen since the Taliban took over the country in August although ISIS has continued to target Shiites, whom they view as heretics. Images on social media showed one minibus engulfed

 India will provide support for companies looking to invest in semiconductor manufacturing, Prime Minister Narendra Modi said on Friday, as the South Asian nation sets its sights on becoming a key player in the global supply chain for chips. Even as more firms and countries seek to ensure access to the chips at the core of critical technologies such as 5G, and others of the future, the bulk of the world’s chip output is limited to places such as Taiwan and the United States. “We have shown that India means business, now it is over to you,” Modi told the country’s first semiconductor conference in the southern tech hub of Bengaluru, reiterating his government’s support for the industry. India's Prime Minister Narendra Modi waits for the arrival of his Britain's counterpart Boris Johnson for his ceremonial reception at India's presidential palace Rashtrapati Bhavan in New Delhi, India, April 22, 2022 The Indian semiconductor market, worth $15 billion in 2020, is estimated to

 A loyal Chinese capitalist has turned against the country’s Covid-19 policy. Buyout baron Shan Weijian, ordinarily a public supporter of President Xi Jinping’s tough policies, broke ranks over draconian lockdowns. In a private meeting, he painted a dire picture of economic and political instability in ways that may jeopardise the initial public offering of his private equity firm, PAG. Making an example of him could backfire, though. Omicron-variant containment measures in cosmopolitan Shanghai have rattled the country’s elite   . The griping is getting louder. Wang Sicong, son of billionaire Wang Jianlin, had his Weibo account shut down after he questioned the government’s endorsement of traditional medicines to treat the virus. Visitors stand near exhibits of rice paddy fields and a screen showing an image of Chinese President Xi Jinping at the Museum of the Communist Party of China in Beijing, China November 11, 2021. Wang is just a rich kid, but Shan is a symbol of China’s reform

 The “Battle of Donbas” remains Russia’s main strategic focus in Ukraine, Britain’s defence ministry said on Friday, but it has suffered significant losses for limited territorial gains. Russia withdrew its forces from outside Kyiv last month after failing to take the capital in the initial stages of its Feb. 24 invasion and launched a massive attack in Ukraine’s eastern Donbas region. Moscow regards winning the “Battle for Donbas” as crucial if it is to achieve its stated aim of securing control over the Donetsk and Luhansk regions, Britain’s defence ministry said. “Fighting has been particularly heavy around Lysychansk and Severodonetsk, with an attempted advance south from Izium towards Slovyansk,” the ministry said on Twitter. Due to strong Ukrainian resistance, Russian territorial gains have been limited and achieved at significant cost, the ministry added in the regular bulletin. Reuters could not immediately verify the report. Some of the fiercest fighting and bombardments have

  Deposed Myanmar leader denies allegations she accepted gold and hundreds of thousands of dollars from senior official A court in military-ruled Myanmar sentenced deposed leader Aung San Suu Kyi to five years in jail on Wednesday after finding her guilty in the first of 11 corruption cases against her. The latest case centred on allegations that she accepted 11.4 kilograms of gold and cash payments totalling $600,000 from Phyo Min Thein, the former chief minister of the city of Yangon. Ms Suu Kyi, the figurehead of Myanmar’s struggle against military dictatorship, was ousted by the military last year. She denied accepting the gold and money, calling the allegations absurd. It was not immediately clear if Ms Suu Kyi, 76, would be transferred to a prison to serve the sentence. The Nobel laureate, who led Myanmar for five years, has been charged with at least 18 offences. She has already been sentenced to six years in jail in other cases and the maximum punishment under the Anti-Corrup

  Israel steps up security around the leader and his family Israel has increased security around Prime Minister Naftali Bennett ’s family after a bullet was sent to them in the post. The measures were put in place after “a letter with a death threat and a live bullet” was addressed to Mr Bennett and his family, his office said on Tuesday. The right-winger has governed since June 2021 at the head of Israel’s most diverse coalition. In response to the threat, Mr Bennett said no “political dispute” should lead to violence. He also referred to his duty to protect his wife and four children, who have stayed in the family home rather than move to an official residence in Jerusalem. Since Mr Bennett took office, security has been increased at the family property in Raanana, a usually quiet city to the north of Tel Aviv. Israel has imposed a restriction order on reporting any details of the investigation, such as who is suspected of having posted the bullet. Defence Minister Benny Gantz said t

 The Central Bureau of Investigation (CBI) probing the Yes Bank scam Thursday arrested builder Sanjay Chhabria of the Radius group, sources said. Radius Group was one of the biggest borrowers on the erstwhile DHFL with an outstanding loan with interest of around Rs 3,000 crores for a residential project in suburban Mumbai. The project is a joint venture between Radius and Sumer Group. Radius group spokesperson wasn’t immediately available for a comment. The promoters of erstwhile DHFL, Kapil and Dhiraj Wadhawan are currently in jail in connection with the cases registered by CBI and the Enforcement Directorate for the alleged fraud caused to Yes Bank in connivance with the bank’s cofounder Rana Kapoor who is also lodged at Taloja jail on the outskirts of Mumbai. In September, Piramal Capital and Housing Finance’s (PCHF) had completed the acquisition of DHFL for Rs 34,250 crore which includes a cash component and non-convertible debentures. As per the CBI, Rana Kapoor, a cofounder of Ye

  James Corden has promised to “go out with a bang” as he announced he will depart The Late Late Show next year. Revealing the news personally during the latest episode of the US talk show , he said the programme had “changed my life” and promised there would be “lots of tears” when his tenure came to an end. Corden has extended his contract with CBS to present the show for one more year before finishing in the summer of 2023. “Seven and half years ago I started hosting this show and there’s no other way to put it, it has changed my life,” he said. “I love it, I love all the people that work here, I am so proud of what we’ve achieved, it’s been beyond my wildest, wildest dreams. “When I started this journey it was always going to be just that, a journey, an adventure. “I never saw as it as my final destination, and I never want this show to overstay its welcome, I love making it and I really think in a year from now that will be a good time to move on and see what’s out there.” Despi

  The billionaire said he will not sell any more of the electric car maker’s shares Elon Musk sold about $4 billion worth of Tesla shares after announcing a blockbuster $44 billion deal to buy Twitter. Tesla’s chief executive offloaded about 4.4 million shares on April 26 and April 27, filings showed late on Thursday. Wall Street analysts and investors in the electric car maker suspected that Mr Musk may need to sell some stock to cover the $21bn equity portion of the transaction that he’s personally guaranteed. Mr Musk tweeted shortly after the filings were made public that he has “no further Tesla sales planned after today”. Mr Musk and Twitter reached an agreement on Monday for the world’s richest man to buy the social media company. His quest raises several “key man risk” issues for Tesla, where Mr Musk has been chief executive since 2008 and has long been the largest shareholder. Meanwhile, confirmation of his sales may unnerve shareholders, scores of whom are retail investors. T

  Industry body NASSCOM is upbeat about the growth of deep tech startups from India. It expects this segment to boost the overall prospects of the software products industry in the country. The strides made by the Indian startup ecosystem over the years have led to the emergence of a strong set of software product companies whose momentum has started to pick up the pace. At present, the segment is dominated by software as a service (SaaS) startups, and the next step in this evolution will be the presence of deeptech companies. NASSCOM, the leading trade body representing India’s technology industry, has been nurturing software product companies over the years, and expects the export revenue from this segment to touch $30 billion by 2025. In a conversation with YourStory , NASSCOM Product Council Chairperson Ramkumar Narayanan says, “Our intention is to focus on input metrics, which will help this ecosystem grow, rather than vanity metrics.”  How do you see the progress made by the I

 Anurag Batra, the Chairman & Editor-in-Chief of the BW Businessworld Group and the Founder & Editor-in-Chief of the exchange4media Group is an entrepreneur, journalist, an angel investor and a media observer. He also an author, TV show host and mentor to many successful entrepreneurs. He is a B. Tech graduate in Computer Sciences, a degree which he acquired before joining Management Development Institute MDI Gurgaon, one of India’s leading Business School. According to Anurag Batra , India has recovered faster than any country in the world post-pandemic. Digital adoption and technological acceleration are two major factor that helped cause this change. India is in the midst of a deep technological acceleration and is aligned with the world, says Anurag Batra. He also forecasts that in some cases India is even ahead of the curve. Indians have digital adoption across every aspect of life and business. The US retail market is the largest in the world, where e-commerce made up 16

 The policy push around manufacturing has set a fertile ground for transforming the country into a global powerhouse for electronics and semiconductor production, he believes. India’s manufacturing push, backed by favourable policies, is timely and positions the country strongly to grab a massive opportunity in the electronics hardware space amid COVID-induced supply chain disruptions and global trust deficit around China, according to HCL co-founder Ajai Chowdhry. Chowdhry — who is part of the IT ministry-constituted advisory panel of experts that will steer objectives and provide guidance on the semiconductor program — exuded confidence that India can emerge as a “reliable partner” for the world when it comes to hardware production and chip-making.  Ajai Chowdhry The policy push around manufacturing has set a fertile ground for transforming the country into a global powerhouse for electronics and semiconductor production, he believes. “All in all, I think it is a fantastic policy. An

  The Central Bureau of Investigation (CBI) has initiated three separate investigations into former Mumbai top cop Parambir Singh in connection with corruption allegations. The Central Bureau of Investigation (CBI) has launched three separate investigations against former Mumbai Police Commissioner Param Bir Singh on charges of extortion, bribery, and corruption. The federal investigation agency recently took over five FIRs lodged by the Maharashtra Police against Param Bir Singh on the orders of the Supreme Court . The CBI has named former police officer Pradeep Sharma, along with Param Bir Singh, as an accused in one of the preliminary investigations. The National Investigation Agency arrested Sharma in connection with the Antilia bomb scare case According to the complaint, social worker Rakesh Arora alleged that Param Bir Singh and Pradeep Sharma were involved in corruption and took bribes from gambling club owners in Maharashtra’s Thane. In another preliminary inquiry, the CBI will

  ‘Communal narrative will not yield results if corruption issue is not addressed,’ says a BJP functionary. When Delhi Chief Minister Arvind Kejriwal attended a political rally for farmers in Bengaluru on April 21, one of the issues he spoke about was corruption in Karnataka during the tenures of BJP and Congress-led governments. “The government before this (Congress) was a 20 per cent (commission) government, the current government (BJP) is a 40 per cent government. In Delhi, we have a zero per cent government,” Kejriwal told the audience. The Aam Aadmi Party (AAP) national convener touched on what is a growing concern in the state BJP. The ruling party is worried about the repercussions of the corruption allegations — several have surfaced in recent weeks — in next year’s Assembly elections “There is a concern in the party that corruption may be a big factor in the Karnataka polls. There is no clarity on how to deal with it — whether serious measures to show a willingness to tackl

  Israeli investigator admits to fraud and hacking conspiracy Azari accused of working with hackers who breached email An Israeli private investigator pleaded guilty in a probe of a vast hacking-for-hire ring that allegedly targeted hedge funds, short sellers, journalists and advocacy groups fighting climate change. Aviram Azari entered his plea Wednesday in federal court in Manhattan to three counts of fraud and conspiracy to commit computer hacking. Azari, 50, was accused of working with hackers who targeted potential victims with phishing emails. He acknowledged hiring them on behalf of his clients. In June 2020, Bloomberg reported that U.S. authorities were investigating a vast hacking-for-hire operation that involved attempts to pilfer confidential communications from a variety of targets. While it wasn’t clear who was writing the checks to pay for the hacking, the beneficiaries included specific industries and major companies, such as the German technology firm Wirecard AG, accor

  The president and chief executive officer of Hearst recently bought a condo on Longboat Key. Warm weather and world-renowned beaches have made Sarasota a destination for power players in show biz and politics and, most recently, Steven Swartz, the president and chief executive officer of the publishing company Hearst . If you haven’t heard the name, you’d recognize the portfolio. The software and media giant is one of the world’s largest publishers of magazines, with titles like Cosmopolitan , Bazaar and Esquire , plus 76 newspapers nationwide, including the Houston Chronicle and the San Francisco Chronicle . Hearst also has ownership in cable television networks A&E, History, Lifetime and ESPN, and has interests in medical information and services businesses, and provides software for managing jets and helicopters. Last year, according to Forbes , Hearst’s annual revenue reached $11.5 billion. Steven Swartz. That same year, Swartz, 60, bought a $5.7 million condo on Longboa

  The major movie teasers and trailers to be released at the Warner Bros cinema event so far Dwayne ‘The Rock’ Johnson topped a superhero-packed bill as Warner Bros presented its upcoming slate of blockbusters at CinemaCon on Tuesday, while Baz Luhrmann’s Elvis graced the Las Vegas casino stage at the movie industry summit. Johnson, Hollywood’s top-grossing actor, appeared unannounced to promote his upcoming DC film Black Adam at the annual gathering, where Warner bosses also confirmed a sequel to Robert Pattinson’s The Batman is on the way. Further superhero sequels Shazam! Fury of the Gods and Aquaman and the Lost Kingdom , as well as new standalone film The Flash , were also presented to movie theatre executives and managers, who gather each year at Caesars Palace casino to be courted by Hollywood’s top studios and A-listers. Johnson described his character in Black Adam as “the Dirty Harry of the superhero world,” with ambiguous morals. “Heroes don’t kill people,” says one vil

  As the temple chariot was being pulled through the street by devotees, an electric wire got entangled in it.This resulted in an electrocution which killed 11 people, including two children on the spot street by devotees, an electric wire got entangled in it. This resulted in an electrocution which killed 11 people, including two children, on the spot. As many as 11 people were electrocuted and several others were injured during a temple festival at Kalimedu town in Tamil Nadu’s Thanjavur district. An electric wire got entangled with the temple chariot while it was being pulled by devotees, resulting in the death of 11 people, including two children. Tamil Nadu Chief Minister MK Stalin has announced immediate financial assistance of Rs 5 lakh for the families of the 11 victims. Prime Minister Narendra Modi also tweeted that Rs 2 lakh each from the Prime Minister’s National Relief Fund (PMNRF) would be given to the next of kin of those who have lost their lives due to the mishap in Tha

  The injured were rushed to the Thanjavur Medical College Hospital. Eleven persons, including three boys, died in an high-voltage electrocution accident during a religious procession at Kalimedu near here on Wednesday, April 27, 2022. Inquiries reveal that the victims were participating in a cart procession organised in memory of Tamil Saivaite saint Thirunavukkarasar, by a local prayer club formed and run by the villagers for more than nine decades, when the mishap took place. The 25 to 30 feet electrical serial bulb decoration on the cart unexpectedly came into contact with the high voltage line passing through the village, at around 2–45 a.m. In the impact, the cart went up in flames, damaging the idol of Sri Apparperuman (Saint Thirunavukkarasar) that was placed on the cart. The decorated hand-pulled cart was on its way back to the hall after the culmination of the night long procession that commenced on Tuesday night. While 10 persons died on the spot, 13 others were rushed to th