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The Supreme Court of India remarked that even 26/11 terrorist Ajmal Kasab received a fair trial, as it reviewed the CBI's appeal against a Jammu court order requiring separatist leader Yasin Malik to appear in person for his trial. Malik, the primary accused in the 1990 killings of four Indian Air Force personnel and the 1989 kidnapping of Rubaiya Sayeed, is currently serving a life sentence in Tihar Jail for terror funding. The CBI expressed concerns that Malik's appearance could jeopardize local security and witness safety, suggesting instead that the trial be moved to Delhi if he insists on attending in person. Solicitor General Tushar Mehta emphasized Malik's significant connections to terrorism, while the bench discussed the logistics of conducting the trial, including potential arrangements for a court to be held in jail. The case will be reviewed again next Thursday. 
Published: Nov 21 2024, 12 pmeznews.inGoldman Sachs forecasts that Indian equities will remain rangebound over the next three months after entering correction territory, following the worst earnings season in four years. The brokerage maintains a "marketweight" stance on Indian stocks, projecting the Nifty 50 index to reach 24,000 points, representing a nearly 3% increase from current levels. This marks a shift from last month’s prediction of a slight decline. The Nifty and BSE Sensex have both fallen over 10% from their all-time highs due to significant foreign outflows and disappointing corporate earnings. Goldman anticipates a long-term recovery, with the Nifty potentially hitting 27,000 in 12 months, driven by expected earnings growth of 13%-16% in 2025. However, the firm cautions that current valuations, at nearly 23 times forward earnings, remain above what they consider 'fair value,' posing a risk of further de-rating.
Published: Nov 21 2024, 2 pmeznews.inDelhi's Khan Market has been ranked as the 22nd most expensive high street globally, maintaining its status as India's priciest retail location with annual rents of $229 per square foot (approximately Rs 19,330), reflecting a 7% year-on-year growth, according to a Cushman & Wakefield report. The report highlights that Delhi-NCR hosts the top three most expensive retail streets in India, including Connaught Place and Galleria Market, with rents of $158 and $156 per square foot, respectively. The limited availability of retail space in Khan Market intensifies competition, leading to rising rental values. As malls face supply constraints, main streets in India are thriving, achieving an 11% increase in leasing activity year-to-date. Milan's Via Montenapoleone has surpassed New York's Upper 5th Avenue to become the world's most expensive retail destination, with global rental growth averaging 4.4%.
Published: Nov 21 2024, 1 pmeznews.inVoting for the 2024 Maharashtra Assembly election concluded on Wednesday, igniting a fierce debate between the ruling Mahayuti coalition and the opposition Maha Vikas Aghadi (MVA) regarding exit poll predictions. Five of nine exit polls suggest a Mahayuti victory, while three indicate a hung assembly, and only one predicts a significant MVA win. Critics caution against placing too much faith in exit polls, recalling mispredictions in Haryana and Jammu and Kashmir. Outgoing Deputy Chief Minister Devendra Fadnavis expressed optimism, citing an increased voter turnout of approximately 65%, while MVA leaders, including Sanjay Raut and Nana Patole, dismissed the polls as fraudulent and asserted their coalition's chances of success. The Maharashtra Assembly comprises 288 seats, with the majority threshold set at 145; exit polls average the Mahayuti’s seats at 150 and the MVA's at 125, though one poll suggests the MVA could secure 150 seats.
Published: Nov 21 2024, 1 pmeznews.inIn New Delhi, police detained BJP Delhi unit chief Virendra Sachdeva and several party supporters during a protest outside Aam Aadmi Party (AAP) leader Arvind Kejriwal's residence, sparked by allegations that Kejriwal's administration spent Rs 45 crore on renovations during his tenure as Chief Minister. The demonstration, which drew hundreds of BJP supporters, criticized the AAP's spending amid concerns over local governance ahead of the 2025 Delhi Assembly elections. Former AAP minister Kailash Gahlot, who recently switched to the BJP, highlighted the controversy, suggesting it undermined AAP's commitment to its core values. He voiced confidence that the BJP would win the upcoming elections, citing public dissatisfaction with AAP's governance. The AAP defended the renovations as necessary improvements to an outdated residence, asserting that they were recommended by the Public Works Department.
Published: Nov 21 2024, 12 pmeznews.inThe Central Bureau of Investigation (CBI) has summoned Gaurav Mehta, an employee of Sarathi Associates, as part of its investigation into a multi-crore bitcoin scam linked to Maharashtra politicians Supriya Sule and Nana Patole. The summons follows a search by the Enforcement Directorate (ED) at Mehta's property in Raipur, Chhattisgarh. The CBI has filed a case against the late Amit Bhardwaj and his brother Ajay Bhardwaj for allegedly orchestrating a Ponzi scheme involving bitcoins worth Rs 6,600 crore in 2017. The political implications emerged during the Maharashtra assembly election campaign when retired IPS officer Ravindranath Patil accused Sule and Patole of involvement in the fraud, claiming the funds were used to influence election outcomes. Sule has vehemently denied the allegations, challenging the BJP to a public debate on the matter, which she describes as mere conjecture and innuendo.
Published: Nov 21 2024, 12 pmeznews.inA manipulated video circulating on social media falsely claims to show Indian Finance Minister Nirmala Sitharaman and RBI Governor Shaktikanta Das endorsing a government income-generating project, urging citizens to invest Rs 21,000 for promised returns of Rs 15 lakh within a month. However, fact-checking confirms that the video is a deepfake, utilizing AI-driven facial and voice alterations. The clips of both officials were taken from unrelated public appearances, with Sitharaman discussing the Indian economy and Das addressing monetary policy, neither of which involved any such investment scheme. The Reserve Bank of India later clarified that these videos are fake and warned the public against potential scams linked to them. This incident highlights the growing concern over deepfake technology being used to mislead and defraud individuals online.
Published: Nov 21 2024, 10 ameznews.inKarnataka Education Minister Madhu Bangarappa faced backlash after a student remarked during a video conference that he does not know Kannada. The minister, visibly upset, labeled the comment as "stupid" and instructed education officials to take action against the student. This incident occurred during the launch of a free online coaching program aimed at 25,000 students preparing for competitive exams. In a video that has since circulated online, Bangarappa reacted sharply, questioning the student's assertion and demanding accountability from educators. His response has drawn criticism from the Opposition BJP, which highlighted the irony of the minister's reaction to student inquiries. Union minister Pralhad Joshi pointed out that Bangarappa had previously admitted his inability to speak Kannada, questioning the rationale behind punishing the student for reminding him of this fact. The controversy underscores ongoing tensions regarding language and governance in Karnataka.
Published: Nov 21 2024, 10 ameznews.inThe Himachal Pradesh High Court has ordered the closure of 18 state-run hotels, deemed "white elephants," as part of efforts to address the state's mounting debt crisis. Chief Minister Sukhvinder Singh Sukhu plans to challenge the ruling in the Supreme Court, but details on how the state will manage its financial obligations remain unclear. The court's decision follows the government's admission of financial constraints affecting employee benefits and was prompted by a petition from Seli Hydropower regarding unpaid dues. State Advocate General Anup Kumar Rattan described the court's order as routine, though it gained attention due to the potential auctioning of properties, including Himachal Bhavan in New Delhi. Revenue Minister Jagat Singh Negi acknowledged the need for a strategy to improve the financial performance of the hotels, which were established to promote tourism but have struggled to generate profit.
Published: Nov 21 2024, 10 ameznews.inZomato has addressed concerns regarding the emergence of suspicious 'one-dish' restaurants on its platform, particularly in Chandigarh, where users have speculated these establishments may be fronts for illegal activities such as drug trade or money laundering. In response to the criticism, Zomato confirmed it has delisted fraudulent listings and is investigating other restaurants with limited menus that may have circumvented regulations by using generic food names. A spokesperson emphasized that all listed restaurants must possess a FSSAI license and that Zomato actively blocks items like alcohol and tobacco. The company acknowledged that some listings were able to exploit the system, prompting them to enhance fraud detection measures. The controversy ignited after social media users noted the high prices and lack of reviews for these restaurants, leading to widespread speculation about their legitimacy.
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