Uttar Pradesh's Economic Offences Wing arrested Gurnam Singh, a director at Pearls Agro-Tech Corporation Limited, for his involvement in a massive Rs 49,000 crore Ponzi scheme. PACL allegedly defrauded five crore investors across 10 states by promising land plots and high returns, but failed to deliver. The company operated without proper NBFC registration, luring investors with deceptive real estate schemes.
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In Mathura, builder Sunil Chen faces serious repercussions as the National Security Act (NSA) is invoked against him following a tragic incident on June 15. Unauthorized excavation led to the collapse of five houses in Maya Tila, resulting in the deaths of Totaram, Yashoda, and Kajal.
On Ranveer Singh's birthday, the teaser for 'Dhurandhar' was released, creating a buzz online. The film, directed by Aditya Dhar and starring R Madhavan, Sanjay Dutt, Arjun Rampal, and Akshaye Khanna, features intense action with comedic elements.
The Institute of Chartered Accountants of India (ICAI) has announced the CA May 2025 exam results for Foundation, Intermediate, and Final levels on July 6. Students can access their scorecards on the official ICAI websites, which include subject-wise marks and pass/fail status. Qualifying candidates advance to the next stage, while others can apply for revaluation or re-appear.
India is set to focus on domestic production of rare earth magnets with a Rs 1,345 crore investment, aiming to reduce reliance on China, which controls a huge chunk of global processing. This move follows China's export restrictions on these crucial materials.
Defence ministry has approved acquisition projects worth over Rs 1 lakh crore. The approvals include indigenous construction of mine countermeasure vessels, procurement of quick-reaction surface-to-air missile systems, and intelligence, surveillance, target acquisition & reconnaissance planes. Other projects include semi-submersible autonomous vessels, armored recovery vehicles, and electronic warfare systems to boost India's defense capabilities.
The Dalai Lama, ahead of his 90th birthday, has declared that the institution of the Dalai Lama will persist after his death, a statement with significant implications for his global Buddhist followers. He emphasised that the Gaden Phodrang Trust, based in India, will have the exclusive authority to identify his successor, adhering to traditional Buddhist practices.
India has proposed retaliatory tariffs against the United States under WTO regulations, responding to American duties on steel and aluminium imposed as safeguard measures. This action, impacting US imports worth $7.6 billion, comes amidst ongoing trade deal talks between the two nations.
Laura Loomer predicts Tucker Carlson, Marjorie Taylor Greene, and Thomas Massie will join Elon Musk's America Party, potentially reshaping the conservative landscape. Loomer suggests Carlson's alignment with Musk offers an alternative to Trump, while Greene's anti-establishment views and Massie's fiscal conservatism align with the party's focus on budget cuts and freedom.
Ishaan Sharma, an India-origin man, was arrested following a mid-air altercation with Keanu Evans on a Miami-Philadelphia flight. Evans claims Sharma initiated the conflict with bizarre threats, leading to a physical confrontation. Passengers' videos captured the brawl, showing Evans defending himself.
Microsoft is set to eliminate 9,000 positions globally, marking its second major layoff this year as it restructures and reduces management layers. The Xbox gaming division faces significant cuts, including at King, the Candy Crush developer. Despite strong financial performance, Microsoft aims to increase agility and effectiveness by flattening its organizational structure and removing redundant supervisory roles.