NewsBizkoot.com

Tag: finance

  • Over 80 Indian nationals were either attacked or murdered abroad in 2023, says Union government

    Government data shows 86 Indians killed or attacked abroad in 2023
    Government data shows 86 Indians killed or attacked abroad in 2023. Photo Courtesy: Pixabay

    The Indian government recently shared that 86 nationals were either attacked or murdered in different countries in 2023, a significant rise from the data recorded in 2022.

    India’s Ministry of External Affairs said the highest number of attacks on Indians occurred in the USA.

    The data was shared by Minister of State for External Affairs Kirti Vardhan Singh in the Parliament while giving his reply to a question raised by Lok Sabha MP Sandeep Pathak.

    MoS Kirti Vardhan Singh said the number of Indians attacked in 2021 was 29 and spiked to 57 in 2022.

    “The safety and security of Indians abroad is one of the foremost priorities for the Government of India. Our Missions and Posts remain vigilant and closely monitor any untoward incident. Such incidents are immediately taken up with the concerned authorities of the host country to ensure that the cases are properly investigated and the perpetrators are punished. These issues are also raised during meetings with Government officials of the countries concerned, including at the highest levels as appropriate,” the MEA quoted the lawmaker as saying.

    The data shared by the Indian government showed the highest number of attacks were reported from the US at 12, while Saudi Arabia and the UK accounted for 10 each.

    Singh provided the figure while answering a question from Rajya Sabha MP Sandeep Kumar Pathak.

  • Latteys Industries Limited Achieves Significant Milestones in 2024, Strengthening Its Leadership in Solar Submersible Pumps


    Latteys Industries Limited, a leading NSE-listed manufacturer of energy-efficient solar submersible pumps, has reported a remarkable year in 2024. The company has received several significant orders, reinforcing its presence across India and bolstering its reputation as a committed player in India’s green energy initiatives.


     


    Solar Submersible Pumps


     


    Major Achievements in 2024:


     


    1. RajasthanPM-KUSUMScheme


    In March 2024, Latteys Industries secured a prestigious order worth approximately Rs. 30 crore for the design, manufacture, supply, installation, testing, and commissioning of 1,000 Off-Grid Solar Photovoltaic Water Pumping Systems (SPWPS) under Component-B of the PM-KUSUM scheme. The project includes a complete system warranty and repair/maintenance services for five years, awarded by the Rajasthan Horticulture Department, Jaipur.


     


    2. OEM Work Orders


    • September 2024: Orders worth Rs. 3 crore from OEMs for the supply of solar submersible pumps under the Kusum Yojna.


    • Exports: In September 2024, Latteys Industries received an export order for solar submersible pumps worth Rs. 1.5 crore plus GST through our Export Party.


    • November 2024: Orders worth Rs. 1.875 crore plus GST for supplying solar submersible pumps to state governments in Jharkhand and Maharashtra.


    • December 2024: An additional order worth Rs. 1.15 Crore plus GST  to supply solar submersible pumps to the Maharashtra state government under PM Kusum Yojana.


     


    Total Orders in Hand as On Date: 37.525 Crore Plus GST


    3. Ongoing Expansion:

    Latteys Industries continues its growth trajectory, securing numerous orders from various regions across India. The company is currently empanelled for installations in Madhya Pradesh, Maharashtra, Gujarat, and Uttar Pradesh, and is actively exploring opportunities to expand into other untapped regions.


     


    Comment from the Promoter:


    Mr. Kapoor Chand Garg, Promoter of Latteys Industries Limited, expressed his delight over the company’s performance, saying: “We are thrilled with the recognition Latteys Industries is receiving as a committed and reliable partner in India’s renewable energy sector. These significant orders not only validate our dedication to quality but also reflect our ability to support the nation’s green energy initiatives. We remain focused on delivering sustainable solutions and achieving even greater success in the years to come.“


     


    Strengthening India’s Green Energy Future:


    Latteys Industries’ success in 2024 underscores its commitment to contributing to India’s green energy initiatives, particularly in the solar water pump segment. With a strong portfolio of orders and an expanding market footprint, the company is well-positioned to play a vital role in the transition to renewable energy solutions.


     


    About Latteys Industries Limited


    Founded in 2004, Latteys Industries Limited is a leading manufacturer of advanced pumping solutions catering to Agricultural, Industrial, Domestic, and Horticultural needs. With a robust portfolio of over 700 models—including Submersible, Self-Priming, Centrifugal Monoblock, Shallow-Well, and Horizontal Openwell Submersible Pumpsets—the company operates a state of-the-art manufacturing facility in GIDC Naroda, Gujarat. Company now having operating its business through Seven Branches i.e., Kanpur, Patna, Delhi, Ranchi, Jaipur and Indore across PAN India. The facility boasts an annual production capacity of approximately 1,80,000 Pumps, making Latteys Industries a trusted name in the pumping solutions industry.


     


    Safe Harbor


    Certain statements in this release concerning our future growth prospects may be seen as forward looking statements, which involve a number of risks and uncertainties that could cause the actuals to differ materially from such statements. It is not possible to undertake to update any such statement that may have been made from time to time.

  • IndiGo flights to Mumbai, Delhi depart with 400 passengers stranded at Istanbul Airport for 2 days

    It was a relief for 400 Indian flyers who were stuck at Turkey’s Istanbul Airport for at least two days after their flights — belonging to the Indian airline company IndiGo — were delayed.

    An IndiGo aircraft. Photo courtesy: Screengrab from Instagram
    An IndiGo aircraft. Photo courtesy: Screengrab from Instagram.

    As per latest reports, flights to India’s national capital, Delhi, and financial capital, Mumbai, have finally departed. While IndiGo officials have apologised for the delay, passengers have come hard on the airline company.

    The delay was a result of a technical snag, reports said. The Istanbul to Delhi flight, which was scheduled to take off at 8.10 pm on December 12, was initially delayed to December 13 at 1.30 pm. Passengers complained they were left at the facility with little information or support from IndiGo staff.

    Similarly, the Istanbul-Mumbai flight was originally set to depart at 8.15 pm on December 12. This was later pushed to 11.00 pm on the same day, and revised further to 10 am on December 13.

    Soon, angry passengers took to social media to report the issue and vent their anger.

    Many also called for refunds, which some questioned the airline’s behaviour, stating that the airline’s customer care wasn’t reachable.

    IndiGo, on its part, blamed everything on the technical issue, while stating that stuck customers were provided with refreshments and accommodation, where possible. In its official statement, the airline said: “Due to technical issues, IndiGo flights from Mumbai and Delhi to Istanbul experienced delays. This led to cascading delays in the return sectors. All necessary steps were taken to ensure customers were apprised, and they were provided with refreshments and accommodation, where possible. We regret the inconvenience caused to customers and appreciate their understanding and patience.”

    This incident doesn’t bode well for the India’s largest airline. In the 2024 global rankings released by AirHelp, a European Union claims processing agency, IndiGo ranked 103rd out of 109 airlines.

  • In Pics: Hollywood superstar Brad Pitt leads celeb brigade at Formula 1 Etihad Airways Abu Dhabi Grand Prix

    Team Ferrari drivers Carlos Sainz and Charles Leclerc with Brad Pitt
    Team Ferrari drivers Carlos Sainz (extreme left) and Charles Leclerc (third from left) with Brad Pitt. Photo courtesy: Instgram/bradpitt_mx

    Fit and fabulous at 60, and star of the 2025 Hollywood release F1, superstar Brad Pitt led the celebrity brigade at the recent Formula 1 Etihad Airways Abu Dhabi Grand Prix. The constructors’ championship race was won by McLaren, with two podium places taken by Ferrari.

    Lando Norris of Team McLaren
    The Abu Dhabi Grand Prix winner, Lando Norris of Team McLaren. Photo courtesy: Instagram/f1

    International glamour was supplied by Hollywood action star Jason Statham; actor Jared Leto; rapper-actor will.i.am; British actor Lucien Laviscount; Brazilian supermodel Adriana Lima; and reigning men’s tennis No. 1 Jannik Sinner.

    Bollywood actresses Shraddha Kapoor and Disha Patani joined the star cast outside the Formula One race track at Yas Marina, Abu Dhabi.

    Brad Pitt with Charles Leclerc
    Actor Brad Pitt with Charles Leclerc of Ferrari. Photo courtesy: Instgram/bradpitt_mx

    The Abu Dhabi Grand Prix trophy was lifted on December 8 by Lando Norris (team McLaren), while Carlos Sainz (team Ferrari), Charles Leclerc (team Ferrari), and racing legend Lewis Hamilton (team Mercedes) finished second, third, and fourth, respectively.

    Hollywood star Jason Statham
    Jason Statham/
    Instagram f1
    Hollywood star Brad Pitt
    Brad Pitt/
    Instagram f1

    Brad Pitt, in his white F1 racing costume, effortlessly blended in with the top drivers in the game. Here is a look at all the famous faces.

    Lewis Hamilton of Team Mercedes with Brad Pitt
    Lewis Hamilton of Team Mercedes with Brad Pitt. Photo courtesy: Instgram/bradpitt_mx
    Bollywood star Disha Patani
    Disha Patani/
    Getty Images for Experience Abu Dhabi
    Bollywood star Shraddha Kapoor
    Shraddha Kapoor/
    Getty Images for Experience Abu Dhabi
    Model Adriana Lima
    Brazilian supermodel Adriana Lima. Photo courtesy: Instagram/f1
    Tennis star Jannik Sinner
    Jannik Sinner/
    Instagram f1
    Hollywood star Jared Leto
    Jared Leto/
    Instagram f1
    Actor Lucien Laviscount
    Lucien Laviscount/
    Instagram f1
    Rapper will.i.am
    will.i.am/
    Instagram f1

  • India, Philippines officials exchange perspective on prevailing maritime challenges 

    India-Philippines Maritime Dialogue held in Manila
    India-Philippines  Maritime Dialogue held in Manila. Photo Courtesy: Pixabay

    Officials from India and the Philippines exchanged perspectives on prevailing maritime challenges and discussed ways to enhance maritime cooperation in furthering a conducive environment for mutual growth and global well-being during the Maritime Dialogue held in Manila city on Friday.

    The Indian delegation was led by Muanpuii Saiawi, Joint Secretary, Disarmament and International Security Affairs, Ministry of External Affairs, and the Philippines delegation by Marshall Louis Alferez, Assistant Secretary, Maritime and Ocean Affairs Office, Department of Foreign Affairs.

    “The event coincided with 75 years of diplomatic relationship between both countries,” read a statement issued by the Ministry of External Affairs.

    The officials laid emphasis on adherence to a rules based order, especially the UN Convention on the Law of the Sea, and explored cooperation initiatives in the maritime domain to uphold the same.

    “While endeavouring to increase bilateral engagement, they also deliberated on avenues to collaborate at various international and regional fora for shared objectives,” the statement said.

    “They agreed to share best practices and partner in maritime capacity building initiatives in areas such as Maritime Industry, Marine Scientific Research, Ocean Economy, Humanitarian Assistance and Disaster Relief (HADR), Navy and Coast Guard cooperation and maritime law enforcement,” the statement said.

    The next round of the dialogue will be held in New Delhi next year.

  • Actor Allu Arjun granted interim bail in Pushpa 2 stampede case

    Southern star Allu Arjun granted interim bail
    Allu Arjun granted interim bail. Photo Courtesy: Allu Arjun Instagram page

    Popular Indian actor Allu Arjun was granted interim bail by the Telangana High Court, hours after he was sent to 14-day judicial custody in connection with the death of a woman in a stampede incident which occurred during the premiere show of his latest movie Pushpa 2: The Rule last week.

    The actor had moved to the High Court after a lower court sent him to judicial custody for 14 days.

    The stampede incident occurred at Sandhya theatre in Hyderabad.

    Earlier in the day, police arrived at the actor’s residence and took him and his bodyguard in custody.

    Allu Arjun, one of the biggest actors in the country, who boasts of a strong fan base, was taken to Chikkadpally police station.

    The case was registered in the police station.

    Victim’s husband ready to withdraw case against Allu Arjun

    Meanwhile, the victim’s husband said he is willing to withdraw the case since he does not hold the actor responsible for the stampede or the death of his wife.

    The victim’s husband Bhaskar told reporters as quoted by Hindustan Times: “We only went to Sandhya Theatre that day because my son wanted to watch the movie. It’s not Allu Arjun’s fault that he visited the theatre that day.”

    “I am ready to withdraw my case,” he said.

    What happened at the theatre?

    The chaos broke out at the Sandhya Theatre in Hyderabad’s RTC Crossroads at around 10:30 pm on December 4 when a massive crowd rushed to the theatre to watch Allu Arjun in action. To everyone’s surprise, the actor was also present at the screening.

    Revathi, 39, came to the theatre with her husband and two children from Dilsukhnagar to attend the premiere show.

    Revathi was rushed to a hospital where she succumbed to her injuries while her young son, who was also wounded, is in critical condition at the clinic.

    As per reports, the crowd barged into the theatre as Allu Arjun arrived.

    A number of people tried to get in close proximity with the star who was guarded by heavy security.

    Police also had to lathicharge to disperse the crowd that had turned unruly.

    Later, Allu Arjun waved at his fans from the sun roof of his car where he was escorted safely by his security.

    Allu Arjun grieved the woman’s death and announced a monetary support of INR 25 lakh (USD 29,481) for the family.

    Allu posted on X, “Deeply heartbroken by the tragic incident at Sandhya Theatre. My heartfelt condolences go out to the grieving family during this unimaginably difficult time. I want to assure them they are not alone in this pain and will meet the family personally.

  • Indian actor Allu Arjun sent to 14-day judicial custody over stampede death case during Pushpa 2 premiere

    Allu Arjun sent to judicial custody after he was arrested over Pushpa stampede incident
    Allu Arjun sent to judicial custody. Photo Courtesy:  Allu Arjun X handle

    A court on Friday sent popular Indian actor Allu Arjun to 14-day judicial custody in connection with the death of a woman in a stampede incident during the premiere of his latest release ‘Pushpa 2: The Rule’ in Hyderabad.

    The stampede incident occurred at Sandhya theatre.

    Earlier in the day, police arrived at the residence of the actor and took him and his bodyguard in custody.

    Allu Arjun, one of the biggest actors in the country, who boasts of a strong fan base, was taken to Chikkadpally police station.

    The case was registered at the police station.

    Victim’s husband ready to withdraw case against Allu Arjun

    Meanwhile, the victim’s husband said he is willing to withdraw the case since he does not hold the actor responsible for the stampede or the death of his wife.

    The victim’s husband Bhaskar told reporters as quoted by Hindustan Times: “We only went to Sandhya Theatre that day because my son wanted to watch the movie. It’s not Allu Arjun’s fault that he visited the theatre that day.”

    “I am ready to withdraw my case,” he said.

    What happened at the theatre?

    The chaos broke out at the Sandhya Theatre in Hyderabad’s RTC Crossroads at around 10:30 pm on December 4 when a massive crowd rushed to the theatre to watch Allu Arjun in action. To everyone’s surprise, the actor was also present at the screening.

    Revathi, 39, came to the theatre with her husband and two children from Dilsukhnagar to attend the premiere show.

    Revathi was rushed to a hospital where she succumbed to her injuries while her young son, who was also wounded, is in critical condition at the clinic.

    As per reports, the crowd barged into the theatre as Allu Arjun arrived.

    A number of people tried to get in close proximity with the star who was guarded by heavy security.

    Police also had to lathicharge to disperse the crowd that had turned unruly.

    Later, Allu Arjun waved at his fans from the sun roof of his car where he was escorted safely by his security.

    Allu Arjun grieved the woman’s death and announced a monetary support of INR 25 lakh (USD 29,481) for the family.

    Allu posted on X, “Deeply heartbroken by the tragic incident at Sandhya Theatre. My heartfelt condolences go out to the grieving family during this unimaginably difficult time. I want to assure them they are not alone in this pain and will meet the family personally.

    “While respecting their need for space to grieve, I stand committed to extend every possible assistance to help them navigate through this challenging journey.”

  • Chinese tourist falls off train while posing for social media post, miraculously survives 

    Chinese tourists miraculously survived after she fall from a running train after being hit by a tree branch in Sri Lanka while she was attempting to click a video
    Chinese tourist miraculously survives after she fell from a train while trying to shoot a video for social media post in Sri Lanka. Photo Courtesy: X page video grab

    A Chinese tourist miraculously survived after her attempt to shoot a video for a social media post turned near-fatal when a tree branch hit her and she fell from a moving train on Sri Lanka’s coastal railway line.

    The incident reportedly took place on Saturday. The train was travelling from Wellawatte to Bambalapitiya.

    The footage of her mishap has gone viral on social media.

    In the video, the woman could be seen holding onto the railings and leaning back in her attempt to click a perfect shot.

    A tree branch, however, hits the woman, causing her to lose balance and fall off the moving train.

    The man behind the camera can be heard shouting while passengers look on in horror, reported The Sun.

    The train halted at the next stoppage and passengers rushed to help the woman.

    Luckily, the Chinese tourist survived since she landed in the bushes.

    Meanwhile, sharing the post, X page user Daily Sherlock  wrote: “A Chinese tourist had a heart-stopping moment while traveling on Sri Lanka’s coastal railway line. She fell from the train after being struck by a tree branch while trying to record a video.”

    “Fortunately, she landed on a bush, which broke her fall and miraculously left her unharmed. The police confirmed that she didn’t sustain any injuries,” the post said.

    Netizens slammed the tourist for the stunt in the comment section of the post.

    One of the X users said, ” Should be happy she is still alive. Although there is 1,5 bln of them. One less wouldnt mind.”

    Another said: “Glad she’s alive and lucky.”

  • US President Joe Biden issues clemency to four Indian-Americans

    US President Joe Biden has issued clemency to nearly 1,500 people, including four Indian-Americans. These four Indian-Americans are Meera Sachdeva, Babubhai Patel, Krishna Mote and Vikram Dutta.

    “America was built on the promise of possibility and second chances. As President, I have the great privilege of extending mercy to people who have demonstrated remorse and rehabilitation, restoring opportunity for Americans to participate in daily life and contribute to their communities, and taking steps to remove sentencing disparities for non-violent offenders, especially those convicted of drug offenses,” Biden said in a statement on Thursday.

    “That is why, today, I am pardoning 39 people who have shown successful rehabilitation and have shown commitment to making their communities stronger and safer. I am also commuting the sentences of nearly 1,500 people who are serving long prison sentences – many of whom would receive lower sentences if charged under today’s laws, policies, and practices,” he said.

    This was the largest single-day act of clemency in recent times.

    In December 2012, Dr Meera Sachdeva was sentenced to 20 years in prison and ordered to repay nearly USD 8.2 million for fraud at a former Mississippi cancer centre she ran. She is now 63.

    Babubhai Patel was sentenced to 17 years on 26 convictions for a healthcare fraud conspiracy, a drug conspiracy, and related fraud and drug violations in 2013.

    Also in 2013, Krishna Mote, 54, was sentenced to serve life in prison after he was convicted of conspiracy to distribute more than 280 grams of crack cocaine and more than 500 grams of cocaine, and distribution of crack cocaine as an aider and abettor.

    Vikram Dutta, 63, was in January 2012 sentenced in a Manhattan federal court to 235 months in prison after he was found guilty of conspiracy charges stemming from his use of his perfume distribution business to launder millions of dollars for a Mexican narcotics organisation.

  • Indian Cabinet says yes to One Nation, One Election: Report

    The Indian Cabinet on Thursday, December 12, approved bills to implement ‘One Nation, One Election’ — which will allow the country to hold simultaneous elections — and the draft legislations are likely to be introduced in Parliament in the ongoing Winter session, sources said.

    Women voters in India
    India elections 2024: Women voters with #InkWaliSelfie photo at their polling booth. Photo courtesy: X/@ECISVEEP

    The decision was taken at a meeting of the Union Cabinet chaired by Prime Minister Narendra Modi. The government is keen on holding wider consultations on bills which are likely to be referred to a parliamentary committee.

    Sources said the government was also keen to consult the Speakers of various state legislative assemblies through the committee.

    Moving ahead with its ‘one nation, one election’ plan, the government in September accepted the recommendations of the high-level committee for holding simultaneous polls for the Lok Sabha, state assemblies and local bodies in a phased manner.

    Citing recommendations of the high-level committee, sources had said one of the proposed bills would seek to amend Article 82A by adding sub-clause (1) relating to the appointed date. It will also seek to insert sub-clause (2) to Article 82A relating to the end of terms of the Lok Sabha and state legislative assemblies together.

    It also proposes to amend Article 83(2) and insert new sub-clauses (3) and (4) relating to the duration and dissolution of the Lok Sabha. It also has provisions related to the dissolution of the legislative assemblies and amending Article 327 to insert the term simultaneous elections.

    This bill will not require ratification by at least 50 percent of the states, the recommendation said.

    However, any move to hold local body elections together with Lok Sabha and state assemblies will require ratification by at least 50 percent of the state assemblies as it deals with matters relating to state affairs.

    Another bill will be an ordinary one to amend provisions in three laws dealing with Union territories having legislative assemblies — Puducherry, Delhi and Jammu and Kashmir — to align the terms of these Houses with other legislative assemblies and the Lok Sabha as proposed in the first constitutional amendment bill.

    The statutes it proposes to amend are the Government of National Capital Territory of Delhi Act-1991, the Government of Union Territories Act-1963 and the Jammu and Kashmir Reorganisation Act-2019.

    The proposed bill will be an ordinary legislation not requiring a change in the Constitution and will also not need ratification by the states.

    The high-level committee had proposed amendments to three Articles, insertion of 12 new sub-clauses in the existing articles and tweaking three laws related to Union Territories having legislative assemblies. The total number of amendments and new insertions stands at 18.

    In its report submitted to the government in March, just before the general election was announced, the panel recommended implementing one nation, one election in two phases.