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December 12, 2022 I Monday YEAR : 8 I ISSUE NO.: 296 PAGES : 4 I PRICE : ₹.1/Annual Subscription : ₹.300/Editor: Kapilkumar M. Hirpara www.sunvillasamachar.com AHMEDABAD EDITION
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Gautam Adani weighs $5 bn fund raise as banks urge deleveraging Page : 2
Two-goal lead vanishes, so Argentina do it the hard way Page : 3
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Janhvi Kapoor is soaring mercury levels with her vacation pictures from Maldives.
From gala dinner to excursion, iconic ASI sites to host G20 delegates
PM Modi launches several development projects worth 75,000 crore rupees in Maharashtra Agency News: Nagpur Prime Minister Narendra Modi today inaugurated Phase - I of Samruddhi Mahamarg connecting Nagpur and Shirdi covering a distance of 520 Kms. The 701 Km expressway is one of India’s longest expressways and will pass through Maharashtra’s 10 districts. It is being built at a cost of about 55,000 crore rupees. Mr. Modi said, Samruddhi Mahamarg will ensure seamless connectivity across Maharashtra. He said, it will not only reduce the distance between these two cities but will connect 24 districts of Maharashtra in a modern way and provide agricultural progress, pilgrimage development, promotion of industries and employment opportunities. Union Ministers Nitin Gadkari, Dr. Bharati Pawar and Raosaheb Danwe Patil, Maharashtra Chief Minister Eknath Shinde and Deputy Chief Minister Devendra Fadnavis were present on this occasion. The Prime Minister also dedicated AIIMS Nagpur to Metro
Former JKPCC president G A Mir appointed coordinator of ‘Bharat Joda Yatra’
Sukhu sworn in as 15th CM of Himachal Senior Congress leader Sukhvinder Singh Sukhu was sworn-in as the 15th chief minister of Himachal Pradesh while Haroli legislator Mukesh Agnihotri took oath as the deputy chief minister on Sunday. Governor Rajendra Vishwanath Arelkar administered the oath to the new chief minister and deputy chief minister in a simple but impressive ceremony.
India restoring Angkor Wat temple in Cambodia: S Jaishankar Agency News: New Delhi
Agency News: New Delhi
From Ajanta and Ellora Caves in Maharashtra to Qutub archaeological park in Delhi, India will showcase its centuriesold architectural heritage to G20 delegates by hosting excursions and gala dinners at many of the ASI sites, starting mid-December, official sources said. India assumed the year-long presidency of G20 on December 1. More than 200 meetings will be held in India across 55 locations. The first meeting of G20 was held in the first week of December in Udaipur when the G20 Sherpa met. Besides, experiencing the rich cultural heritage and hospitality of Rajasthan, delegates were also taken on a half-day excursion to the Kumbhalgarh Fort, a UNESCO World Heritage site, officials said.
Phase I’ to the nation, and laid the foundation stone of ‘Nagpur Metro phase- II’ at Khapri Metro Station this morning. The Prime Minister also flagged off two inaugural metro trains from Khapri to Automotive Square and Prajapati Nagar to Lokmanya Nagar. Phase I of the Nagpur Metro is developed at a cost of more than Rs 8650 crore while Phase- II will be developed at a cost of more than Rs 6700 crore.NagpurBilaspur Vande Bharat Train connecting Nagpur and Bilaspur will be operated six days a week except for Saturdays.
Agency News: New Delhi Former Jammu and Kashmir pradesh Congress Committee (JKPCC) president G A Mir has been appointed as the coordinator for Rahul Gandhi-led ‘Bharat Jodo Yatra’ in the Union Territory, a party spokesperson said on Sunday. Mir will monitor preparations and will make necessary arrangements for the yatra, which is likely to enter Jammu and Kashmir in the third week of January. The spokesperson said a high-level meeting of the JKPCC, chaired by AICC J-K in-charge and MP Rajni Patil was held in Jammu to discuss the upcoming Bharat Jodo Yatra and measures to be taken to make it successful.
The Angkor Wat temple complex in Cambodia is being restored by India because our civilisation is not limited to India, but is spread across countries, External Affairs Minister S Jaishankar on Sunday said. Addressing the Kashi Tamil Sangamam on the subject ‘contribution of temples in society and nation building’ being held here, Jaishankar said, “There are temples not only in India, not only in the Indian subcontinent, but in many regions beyond.” “I had gone with the Vice President to see the biggest temple in the world -the Angkor Wat temple complex. Today, we are restoring and renovating the temples in Angkor Wat. These are contributions which we are making outside because the civilisation of India has gone beyond India,” he said. “So, today when we are restoring, rebuilding, and re-
energising Indian civilisation, our task is not only in India. Our task is all over the world. But, it is not only where our civilisation went, it is also where our travellers went, our traders went, our people of faith went,” he said. Recalling his days as India’s ambassador to China, the minister said, “Some of you know that for many years, I have been an ambassador to China. I have seen the remnants of Hindu temples even in China on the east coast.” He said that there is a very special connection between Ayodhya and Korea, whose people want to be associated with the developments in Ayodhya, he said. He also mentioned that Shrinath jee temple in Bahrain.
Regrettable that govt, judiciary not adhering to timelines in filling up HC vacancies: Par panel Agency News: New Delhi Amid a standoff between the government and the Supreme Court Collegium over the appointment of judges, a parliamentary panel has asked the Executive and the Judiciary to come up with “out of box thinking” to deal with the “perennial problem” of vacancies in high courts. The departmentrelated standing committee on Law and Personnel in its report tabled in Parliament on Thursday said it is not in agreement with the comments of the Department of Justice in the Union Law Ministry that “time for filling up of vacancies of judges in the higher judiciary cannot be indicated”. The timeline has been drawn in the Second Judges Case and also in the Memorandum of Procedure (MOP) regarding the appointment of judges, it pointed out. “But regrettably, those timelines are not adhered to by both, the Judiciary and the Executive, which is leading to delay in filling up of the vacancies,” it lamented. It said as per the data provided by the government, as on December
31, 2021, there were three high courts of Telangana, Patna and Delhi where vacancies were more than 50 per cent and 10 HCs where vacancies are more than 40 per cent of their respective sanctioned strength. “These all are large states, where judge to population ratio is already skewed and such level of vacancies is a matter of deep concern,” the panel headed by senior BJP leader Sushil Kumar Modi observed. The government and the Judiciary, the committee noted, “should come up with some out of box thinking to deal with this perennial problem of vacancies in the HCs”. The committee also said that it is “surprised” to note that the Supreme Court and the government have failed to reach at a consensus on revision of the Memorandum of Procedure (MOP) for the appointment of judges to the Supreme Court and the high courts, though the same is under consideration of both for “about seven years now”. The committee expects the government and the Judiciary to finalise the revised MOP, which is more efficient and transparent.
Bombay High Court CJ Justice Dipankar Datta elevated to SC Agency News: Mumbai Chief Justice of the Bombay High Court Justice Dipankar Datta was on Sunday elevated as a judge of the Supreme Court. Once he takes oath, the number of judges in the top court will go up to 28. The sanctioned strength of the Supreme Court, including the Chief Justice of India, is 34. Law Minister Kiren Rijiju announced Justice Datta’s elevation to the top court on Twitter. Born on February 9, 1965, Justice Datta turned 57 this year and will have a tenure till February 8, 2030, in the apex court where the retirement age is 65. “In exercise of the powers conferred by clause (2) of Article 124 of the Constitution of India, the President is pleased to appoint Shri Justice Dipankar Datta, Chief Justice of the Bombay High Court, to be a Judge of the Supreme Court of India with effect from the date he assumes charge of his office,” the notification read. His name was recommended by the Supreme Court Collegium then headed by
Justice U U Lalit (now retired) in September last year. Another notification issued by the ministry said Justice Sanjay Vijaykumar Gangapurwala, senior-most judge in the high court after Justice Datta, will be the Acting Chief Justice of the Bombay High Court after the incumbent relinquishes his charge. Justice Datta was elevated to the bench of the Calcutta High Court as a permanent judge on June 22, 2006. He was made the Chief Justice of the Bombay High Court on April 28, 2020. Justice Datta is the son of late Justice Salil Kumar Datta, who served as a judge of the Calcutta High Court, and brotherin-law of Justice Amitava Roy, who was a former judge of the apex court.
Delhi LG grants sanction Maharashtra: Uddhav faction to prosecute key accused in Deals’ case hits out at PM’s ‘short-term ‘Sulli Agency News: New Delhi politics’ remark Delhi Lieutenant Governor V Agency News: Mumbai
The Shiv Sena (UBT) on Sunday slammed Prime Minister Narendra Modi’s statement on short-term politics not helping the country and questioned the manner in which the Bharatiya Janata Party formed a government with the faction led by Eknath Shinde in Maharashtra. The PM made the statement while addressing a gathering in Nagpur earlier in the day after launching and inaugurating projects worth Rs 75,000 crore. He said the “country’s development cannot take place through shortcut politics” and that “some political parties are trying to destroy the country’s economy and people should expose such politicians and parties”. Terming the statement as “funny”, Shiv Sena (UBT) spokesperson Priyanka Chaturvedi said “short-term politics is undermining the Constitution, the federal structure of the country, democracy and agencies to form illegal and
unconstitutional government”. In a reference to the Eknath Shinde-Devendra Fadnavis government getting formed in June after a rebellion in the Uddhav Thackeray-led outfit, she said, “You (BJP) could have waited for five years for elections and then got your majority. But what you have done is a result of short-term gains, short-term politics and short-sightedness that damages constitutional morality.” She further claimed Maharashtra currently had a CM whose party was not even registered. Post the split in the Shiv Sena, Shinde’s faction is called ‘Balasahebanchi Shiv Sena’,.
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K Saxena has granted sanction to prosecute the main accused in the ‘Sulli Deals’ case in which Muslim women were “auctioned” online. Aumkareshwar Thakur (26) will be prosecuted under section 196 of the Criminal Procedure Code, which pertains to prosecution for offences against the State and for criminal conspiracy to commit such offence, sources said on Sunday. Police need the LG’s sanction to prosecute the accused under CrPC 196. Thakur, who has studied Bachelors in Computer Applications (BCA) from IPS Academy in Madhya Pradesh’s Indore, had allegedly created the Sulli Deals App and Sulli Deals Twitter handle that auctioned Muslim women on social
media platforms with the aim of insulting them and the Muslim community. Hundreds of Muslim women were listed for “auction” on the mobile application with photographs sourced without their permission and doctored. The police had registered a case on July 7, 2021, and Thakur was arrested in January this year. “The LG is of the considered view that a prima facie case is made out against the accused, and therefore, the sanction is granted for prosecuting him,” a source said.
Indian startups see huge 35% drop in funding, edtech among worst performers Agency News: New Delhi As the funding winter deepens amid growing layoffs, India saw a massive 35 per cent drop in funding this year, from $37.2 billion in 2021 to $24.7 billion (till November in 2022) and edtech startups saw a significant 39 per cent drop compared to the same period last year, a report showed on Thursday. The significant drop in funding is attributed to a decline in latestage investments, which fell by 45 per cent from $29.3 billion in January-November 2021 to $16.1 billion for the same period this year, according to data provided by Tracxn, a leading global market intelligence platform. Seed stage rounds also experienced a contraction and dropped by 38 per cent as compared to the previous year. The report said that 22 startups entered the unicorn club in the reported period, as compared to 46 in the previous year. The number of big ticket ($100 million and above) funding rounds dropped by 35 per cent to 55 as compared to 85 in the reported period. The number of funding rounds saw a drop of 30 per cent, from 2,647 last year to 1,841 this year, the report said. BYJU’s raised $1.2 billion in 2 such more than $100 million rounds, followed by VerSe and Swiggy, raising $805 million and
$700 million, respectively. Earlier this week, foodtech platform HealthKart raised $135 million in a funding round led by Temasek, with participation from A91 Partners and Kae Capital, somewhat breaking the worst funding cycle. “The funding winter, which began in Q4 of 2021, will persist in 2023 as well. In order to survive the drought, startups are taking unit economics more seriously, which has been illustrated through the series of mass layoffs that have occurred this year,” said Neha Singh, CoFounder, Tracxn. Led by the edtech sector, Indian startups have laid off more than 16,000 employees to date, and the number is only growing. Singh said: “Although we are currently experiencing a slump, the situation is prompting startups to establish clearer and more sustainable paths to growth, as investors’ evaluation metrics begin to emphasise good profitability over growth at all costs.” This year saw enterprise applications, fintech and retail emerge as the top performing sectors in terms of funding.
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Gautam Adani weighs $5 Govt can’t violate privacy New PDP Bill to bolster India’s narrative as a trusted global SUNVILLA SAMACHAR bn fund raise as banks urge of citizens: MoS IT What foods can ensure you don’t gain weight partner: Nasscom deleveraging Editorial
this winter? Start with this lentil-vegetable soup Winter is here, and the holiday season is upon us. Lower temperatures mean we spend more time indoors, and our body gets less sunlight. This also makes it difficult to follow a healthy diet. Instead, curling up under a blanket and enjoying winter treats is tempting — season’s celebrations are often centered around food. There is also a reduction in physical activity. And this increases the likelihood of gaining weight. But there’s more to it than just weight gain. Winters can compromise our immunity, cause mood swings, and make us hungrier than usual. Healthy fats, winter vegetables and fruits, and more time in daylight can help you stay healthier. Overeating during winters is generally related to mindset and opportunity. Early evenings and icy weather are cues for snacking. Craving for comfort foods is also driven up by lesser sunlight exposure, particularly salty and sweet foods. Lower sunlight exposure results in a drop in serotonin levels, a neurotransmitter linked to depression. Low levels of serotonin is associated with mood swings and food cravings. The change in cross-talk patterns between our gut microbiome and brain could also explain increased food cravings. Dopamine and serotonin are happiness neurochemicals produced in our guts. The release of these neurotransmitters triggers a sense of happiness and contentment. Exercise and exposure to sunlight also produce these neurotransmitters. The lack of sunlight and exercise during winter makes us reach for comfort foods in order to feel happy. Changing seasons may affect hormones that control hunger, appetite, and satiety. Glucocorticoids – leptin and ghrelin – that drive hunger-appetite cycles are affected by seasonal changes, according to a 2013 review. Another study from 2005 showed that participants, on average, consumed 86 more calories per day during winter than during spring. They were found to be eating more saturated fats too. Increased hunger during the colder months may also be related to evolution, according to some scientists. Because primitive humans lacked food and were more likely to succumb to hypothermia. In 2016, researchers from the University of Exeter found that people overeat subconsciously during winter - Kapilkumar M. Hirpara and cannot avoid gaining weight.
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Rahul interacts with people, takes bullock cart ride in Rajasthan’s Bundi Agency News: New Delhi
Congress leader Rahul Gandhi on Sunday interacted with people and took a bullock cart ride here during the Rajasthan leg of the Bharat Jodo Yatra, even as party general secretary Priyanka Gandhi Vadra and her husband Robert Vadra joined the march. On the 95th day of the yatra that entered Rajasthan on December 5, Rahul Gandhi enjoyed bullock cart ride from Kotkhurd village to Deikheda village on Kota-Lalsot highway on Sunday morning. When the former Congress chief started his padyatra from Baldevpura village, he noticed a bullock cart carrying a group of farmers waving to welcome him. “Rahulji came to the cart and interacted with the farmers. He also listened to their grievances,” said Mahaveer Meena, a local Congress leader who was present
on the cart with the farmers. “I requested him (Rahul Gandhi) to ride the bullock cart, after which he climbed up on the cart, held reins and drove the cart for around 500 metres between Kotkhurd and Deikheda village on his way to Laban village,” Meena said. Rahul spent around 10 minutes on the cart, he said. Meanwhile, Priyanka Gandhi and Robert Vadra joined Rahul Gandhi during the march in the evening from Laban to Lekhari railway station in Bundi district. Actress Divgangna Suravanshi and actor Siddharth Thamboli also reached Bundi on Sunday evening and joined the yatra, district Congress vice-president Charmesh Sharma said. The yatra will cover about 500 km in Rajasthan by passing through Jhalawar, Kota, Bundi, Sawai Madhopur, Dausa and Alwar districts over 17 days before entering Haryana on December 21.
BJP’s Adesh Gupta quits as Delhi unit chief after party loses to AAP in civic polls Bharatiya Janata Party’s Delhi unit vice president Virendra Sachdeva has been appointed acting president Agency News: New Delhi Delhi BJP president Adesh Gupta resigned on Sunday, days after the party’s defeat in the municipal corporation polls to the Aam Aadmi Party. The BJP’s Delhi unit vice president Virendra Sachdeva has been appointed acting president. The Aam Aadmi Party ended the BJP’s 15-year-rule in the Municipal of Delhi (MCD) poll in results announced on Wednesday. The AAP won the elections with 134 seats, while the BJP bagged 104. “The resignation of Adesh Gupta as Delhi BJP president has been accepted as per the direction of BJP national president Shri Jagat Prakash Nadda. Delhi unit vice president Virendra Sachdeva is being appointed working state unit chief till the next order,” the BJP’s national general secretary Arun Singh said in a communication. The demand for an organisational
overhaul in the Delhi BJP had begun immediately after the party’s loss in the Municipal Corporation of Delhi (MCD) elections. Amid the clamour for change, Gupta had in a meeting on the result day, asserted he was not going to give up to “conspiracies” against him. Gupta’s performance has been under the scanner since he took charge as president of the Delhi BJP in June 2020. Under his leadership, the party failed to win bypolls to some MCD wards in 2021 as well as the Rajender Nagar Assembly bypoll. According to some Delhi BJP functionaries, Gupta’s resignation does not mean much as he was anyway nearing the end of his term. The organisational elections of the national BJP are scheduled to be complete in January 2023. BJP leaders said the party constitution mandates organisational restructuring should be done in 50 per cent of state units ahead of changes in national organisation, they added.
Agency News: New Delhi
Agency News: New Delhi Indian billionaire Gautam Adani is courting sovereign wealth funds in a push to raise roughly $5 billion across his sprawling business empire after lenders asked the group to reduce leverage, people familiar with the matter said. The network of companies owned by Asia’s richest person has reached out to top officials at firms including Mubadala Investment Co. and Abu Dhabi Investment Authority about investments, the people said, asking not to be identified as the information is private. Adani’s group is looking to other large investment funds in the Middle East as well as in Canada to invest, they said. The group has even discussed raising as much as $10 billion, one of the people said. Flagship firm Adani Enterprises Ltd. is considering issuing about $1.8 billion to $2.4 billion in new shares as soon as next year, reported Tuesday. The $5 billion
to $10 billion target would include the funds raised in the potential Adani Enterprises share issue, one of the people said. The company’s board will meet Nov. 25 to discuss raising funds, Adani Enterprises said in an exchange filing Tuesday. Deliberations are ongoing and no final decisions have been made, the people said. The equity fundraising plans are part of what the Adani group calls its systematic capital management program, which has been in place since 2019 and under which the Qatar Investment Authority and Abu Dhabi-based International Holding Co. have previously invested in the Indian group.
Govt aims to meet disinvestment target this fiscal Agency News: New Delhi Government aims to complete the first tranche of proceeds from Hindustan Zinc Limited (HZL) during the current fiscal, a senior finance ministry official said on Friday. This, he said, would help the Centre meet its disinvestment target of Rs 65,000 crore for the current fiscal. Speaking at a summit organised by CII, secretary in the department of investment and public asset management (DIPAM) Tuhin Kanta Pandey said that the government is working on offer for sale (OFS) for Hindustan Zinc. He indicated that some stake dilution is likely to happen this fiscal. Pandey further said that stake sales of IDBI Bank and Concor would take time and may not be completed this year.
At the current market cap, the government’s stake in HZL is worth nearly Rs 35,000 crore. However, since the stake sale will happen in tranches, the Centre may get some portion of the expected receipts in the current financial year itself. The Department of Investment and Public Asset Management (DIPAM) has so far raised Rs 62,000 crore from stake sales and dividends.
Agency News: New Delhi
candidate selection, among others. Confirming former chief minister Siddaramaiah’s attendance at the meeting, his office in a statement said the Leader of Opposition in the assembly will be travelling to Delhi tomorrow to attend a meeting of state party leaders called by the Congress President at 2 pm. Addressing a mega rally of party workers in Kalaburagi on Saturday, Kharge had urged party leaders from the state to unitedly face the election, and asserted that the high command will decide as to who will become the chief minister and ministers, on winning the polls.
Brother of Lakhimpur violence’s witness attacked by youth Agency News: Lakhimpur The brother of the witness in the last year’s Lakhimpur violence was allegedly attacked by a youth, police said on Sunday. The incident that happened on Friday night had no connection with the 2021 violence, they said. Injured Sarvajeet Singh is reported to be the brother of Prabhjeet Singh, who is a witness in the Lakhimpur violence of October 3, 2021, in which eight persons, including four farmers, a journalist, two BJP workers and a driver were killed. In his complaint, Singh alleged that he was attacked when he had gone to attend a party in Tikunia town organised
Agency News: New Delhi
circumstances under which the government can have access to the personal data of Indian citizens. National security, pandemic, healthcare, natural disaster. These are exceptions. Just like freedom of speech is not absolute and is subject to reasonable restriction, so is the right to data protection, Chandrasekhar said. The draft DPDP Bill has exempted certain entities notified as data fiduciaries by the government from various compliances, including sharing details for the purpose of data collection. The provisions from which government notified entities will be exempted deal with informing an individual about the purpose for data collection, collection of children’s data, risk assessment around public order, appointment of data auditor, among others. The bill proposes to exempt government notified data fiduciaries from sharing details of data processing with the data owners under the Right to Information about personal data.
Indo-Pacific region is imp for eco development of global community: Rajnath
Ahead of Karnataka polls, Kharge calls meeting of state Congress leaders in Delhi on Monday As assembly elections in Karnataka are due in the next few months, Congress President Mallikarjun Kharge has called a meeting of the party’s senior leaders from the state on Monday in New Delhi, to discuss the preparations and the strategy for the polls. According to a party functionary, 14 leaders from the state, including Karnataka Congress President D K Shivakumar, and state Legislature Party leader Siddaramaiah, among others will be attending the meeting at the AICC office in the national capital. Amid signs of factionalism within the state unit, Kharge is likely to instruct the party leaders to work in a united manner for ensuring victory, the functionary said, adding that discussions are likely to take place regarding preparations, tour plans, preliminary discussions regarding
The government will not be able to violate the privacy of citizens under the proposed data protection law as it will get access to personal data only in exceptional circumstances like national security, pandemic and natural disasters, Minister of State for Electronics and IT Rajeev Chandrasekhar said. The minister said that the National Data Governance Framework Policy has provision for handling anonymisation of data which is not part of the draft Digital Personal Data Protection (DPDP) Bill 2022. Chandrasekhar also said the proposed Data Protection Board which will adjudicate matters related to data protection will be independent and will not have any government officer on the board. While responding to questions around privacy on Twitter Live on Saturday evening, the minister rephrased the question of a participant to clarify the stand of the government and provisions in the draft DPDP Bill 2022. Let us say that the government wants to essentially violate the privacy of citizens with this law. Is it possible? That’s the question. The answer is no. The bill and laws lay out in very clear terms what are the exceptional
by a friend. Accused Vikas Chawla along with his associate abused and attacked him with sharp weapons, thereby, injuring him. Police said an FIR under section 307 (attempt to murder) of IPC has been registered on the complaint of the aggrieved person and legal proceedings are underway. Lakhimpur Kheri’s Superintendent of Police (SP) Sanjiv Suman said in a statement, the brother of Tikunia case witness Prabhjeet was attacked by the accused, following a dispute while attending a ‘mundan’ party organised by their friend. The incident had no connection with the one-year-old Tikunia violence case, the SP added.
Agency News: New Delhi The IndoPacific region remains important for the economic development of not only the region but also of the wider global community, Defence Minister Rajnath Singh said. Centuries old sea lanes crisscrossing the region have helped enhance trade, he added. Singh was delivering a keynote address at the Indo-Pacific Regional Dialogue-2022 in New Delhi. He said that the global community has been working towards economic development through multiple platforms and agencies, UN Security Council being the foremost among them. What is now required is to elevate the paradigm of collective security to a level of shared interests and shared security for all. It is my firm belief that if security becomes a truly collective enterprise, then we can think of creating a global order, which is beneficial to all of us. We have also been espousing the idea of multi-alignment. We believe in a multi-aligned policy, which is realised through diverse
engagements with multiple stakeholders, so that views and concerns of all can be discussed and addressed for a prosperous future for all, the minister said. Singh said that the strong and prosperous India would not be built at the cost of others, rather, India is here to help other nations realise their full potential. We should strive to create a win-win situation for all. We should not be guided by narrow self-interest, which is not beneficial in the long-run, but by enlightened selfinterest, which is sustainable and resilient to shocks. They have also functioned as arterial connections to bring about a fusion of cultures and ideas. It is these very waters that carried the message of peace, enlightenment, hope and wellbeing centuries ago, Singh added.
RPG attack: Sarhali police station incharge shifted Agency News: Tarn Taran The station house officer of the Sarhali police station, which was targeted by a rocket-propelled grenade (RPG) a day ago, was shifted on Sunday, officials said. A National Investigation Agency (NIA) team, which reached the spot on Saturday evening, was also carrying out its investigation by visiting the spot, they said. The district police chief transferred SHO Parkash Singh to the crime investigation agency (CIA) wing while SHO Patti police station Sukhbir Singh has been posted as the SHO of Sarhali police station, they said. The RPG was fired at the police station, which was the second such attack in the state in the last seven months. The projectile, fired by some unidentified people, hit the Saanjh Kendra adjoining the Sarhali police station on the Amritsar-Bathinda highway on Friday night. There was no casualty but window panes and a portion of the wall of the building were damaged. Police have rounded up seven suspects and have been questioning them in connection with the RPG attack incident. Director General of Police Gaurav
Police have rounded up seven suspects and have been questioning them in connection with the incident Yadav visited the site on Saturday and said according to preliminary investigation, the grenade was fired by using an RPG from the highway at 11.22 pm and it hit the Suvidha Centre of the Sarhali police station. Yadav said that it was military-grade hardware which was suspected to have been smuggled from across the border. “There is a clear indication that it is a strategy of the neighbouring nation to bleed India by a thousand cuts,” the DGP said. An FIR under the Unlawful Activities (Prevention) Act has been registered in connection with the incident. The DGP had also said the cowardly attack was carried out at night as the enemy nation was feeling rattled after the seizure of huge quantities of heroin and a cache of arms and ammunition in the last one month which were sent through drones.
The key industry stakeholders led by industry body Nasscom, during a meeting with IT Minister Ashwini Vaishnaw, have emphasised that the draft Digital Personal Data Protection Bill 2022 will bolster India’s narrative as a trusted global partner for all invested in digital transformation. In the meeting, attended by Alkesh Kumar Sharma, Secretary MeitY, along with startups and small and medium enterprises (SMEs), provided their initial feedback and suggestions on the bill to the IT Minister last week. Vaishnaw said that as the PDP Bill gets finalised, on crossborder data flows, the government will ensure that the approach focusses on strengthening data protection without disrupting data flows. The industry felt that a framework prepared in consultation with government departments, sectoral regulators, and public consultations, should provide a clear, proportionate and
enabling framework, Nasscom said in a statement on Monday. Industry welcomed the retention of forward-looking concepts, such as the consent manager, to enable citizens to effectively manage their consent. The IT Minister said that the PDP Bill will be designed to redress concerns and complaints regarding data protection in a manner that the mechanism is accessible and effective for every strata of the society. “A good idea for startups and technology providers to offer their feedback will be to test the Bill against their specific usecases to identify gaps, if any, and provide suggestions accordingly,” Vaishnaw told the industry stakeholders.
Tobacco control coalition in K’taka seeks hike in taxes on tobacco products in Budget 2023 Agency News: New Delhi Consortium for Tobacco Free Karnataka (CFTFK) and Karnataka NO for Tobacco (KNOT), a coalition working on cancer prevention, youth protection and tobacco control, on Monday urged Finance Minister Nirmala Sitharaman to hike taxes on all tobacco products in the 2023 union budget. They have also sent representation letters to the Members of Parliament from Karnataka urging them to take steps to increase the tax on tobacco products like cigarettes, bidis and chewing tobacco. According to them, hiking tax is needed to reduce its affordability among the youth, who are the main target of tobacco companies. They recalled that the government has not hiked tax on tobacco products ever since the GST regime in 2017. The present GST rates combined with the compensation cess for all tobacco products is far below the recommended level of the tax burden of 75 per cent by the WHO (World Health Organization). The total tax burden is currently only about 53 per cent for cigarettes,
22 per cent for bidis and 60 per cent for smokeless tobacco. “We recommend the union government to hike tax on tobacco products in the budget 2023-24 as tobacco products have become more affordable over the years. This is one of the most powerful yet under-utilized tools to control tobacco usage. When the taxes are tripled, revenue can be doubled and tobacco consumption can be halved.A This is a great opportunity to levy additional tax on tobacco to make it less affordable and reduce consumption” said renowned Oncologist Dr Vishal Rao, who is also a member of the Karnataka government’s High-Power Committee for Tobacco Control.
Goa: More than 200 children rescued from Madgaon railway station this year Agency News: Panaji More than 200 children have been rescued from Madgaon railway station in South Goa by the authorities so far this year, an official said on Sunday. Several children who had either run away from home or found begging at the railway station were rescued by the authorities, a senior official of the Railway Protection Force told. Childline, a non-profit organisation, has set up a booth at Madgaon railway station and has been involved in these rescues. “At least 217 children have been
rescued from Madgaon railway station till date this year. In some instances, children have run away from home and ended up at the railway station,” said Ana Andria Fernandes, a coordinator for Childline Railways. Fernandes said her team members work round the clock at the railway station and keep an eye out for children who are unaccompanied on the premises and check compartments of trains. Children from neighbouring Karnataka and even from states as far as Bihar, Odisha and Jharkhand arrive at the railway station by trains, she said.
Virbhadra Singh’s aura looms large at CM’s swearing-in ceremony Agency News: Shimla Himachal Congress chief Pratibha Singh may have been pipped to the CM’s post by a known detractor of her late husband Virbhadra Singh, but the party ensured on Sunday that the erstwhile royal family of Rampur Bushahr gets its due acknowledgment. Congress leaders Priyanka Gandhi Vadra and Rahul Gandhi hugged Pratibha Singh, a Member of Parliament from Mandi, when she arrived for the swearing-in of Chief Minister
Sukhwinder Singh Sukhu. Pratibha Singh was seated beside Priyanka on the dais as the party appeared keen to send a signal.
SUNVILLA SAMACHAR
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12.12.2022, Monday
SPORTS - BUSINESS Two-goal lead vanishes, so Argentina do it the hard way Agency News : New Delhi
Argentina almost did it the easy way. For a while, Lionel Messi and his teammates were coasting. They had a two-goal lead against the Netherlands, and just a few minutes to see out. They were comfortable. And then, all of a sudden, they were not. They got there in the end, of course, but it would not be Argentina if there was not a little suffering. It had all seemed like such smooth sailing. Argentina had won a victory of sorts even as their battalions of fans, decked out in sky blue and white, were still filling the steep, banked stands of the Lusail Stadium: a few miles away, Brazil had been eliminated by Croatia, Argentina’s fiercest rival and the most intimidating obstacle on their route to the final vanquished in one fell swoop. Barely a couple of hours later, the second victory seemed secure. Messi had created
Ten Hag: Didn’t know about Google working to speed Microsoft India hikes prices Cristiano Ronaldo’s plans up install times of Pixel of products, services by up Agency News : New Delhi
Argentina’s first goal, threading a pass of delicate brilliance into the path of Nahuel Molina, and scored their second, converting a penalty after Marcos Acuña had been tripped by Denzel Dumfries. As Messi stood in front of Argentina’s fans, his arms outstretched in front of him, as if waiting for their gratitude for the gift he had bestowed upon them, many in the crowd would have allowed their thoughts to wander to next week, to the meeting with Croatia, or even a little further still, to what they have come to refer to as “la tercera”, the country’s third World Cup. The prospect felt, in that moment, less of a fever dream than ever.
Manchester United boss Erik ten Hag said he only discovered that Cristiano Ronaldo wanted to leave the Premier League club after the forward’s explosive, in which he said he did not respect the Dutch manager. In the with Piers Morgan last month, Ronaldo also said he felt betrayed by the club and added that he had refused to come on as a substitute in a Premier League match against Tottenham Hotspur because he felt“provoked” by Ten Hag. Following the interview, United announced that the Portugal international, who rejoined the club in August 2021 after winning eight major trophies with them from 2003- 2009, would leave with immediate effect. “He wanted to leave, it was quite clear. And when a player definitely doesn’t
software update
to 11%
Google is reportedly working to speed up install times of software updates on Pixel smartphones. Earlier, installing an OTA (over-the-air) update on a Pixel smartphone required at least 10 to 15 minutes of downtime due to the device’s repeated restarts and booting into recovery mode, reports AndroidPolice. The tech giant has been adjusting the update procedure ever since the debut of Seamless updates with Android 7.0 Nougat (Android operating system). With the help of these upgrades, the Pixel now downloads a software update in the background on a secondary virtual system partition and switches to it with a reboot, cutting down the total downtime to a few minutes. Google is also working
Microsoft has announced a huge price hike of up to 11 per cent for its software and services in India due to currency fluctuations. The company said the “Indian rupee pricelist changes to harmonise its prices for commercial onpremises software and online services between India and the Asian region, effective February 1, 2023”. “Starting February 1, 2023, Indian rupee prices for commercial on-premises software will increase by 4.5 per cent, online services will increase by 9 per cent, and Windows GGWA will increase
Agency News : New Delhi
want to be in this club then he has to go,” Ten Hag told. “The interview was the first time he said he wanted to leave. I think as a club you can’t accept that. There will be consequences. To make that step, he knew the consequences. Before he (had) never told me. ”In the summer we had one talk. He came in and said, ‘I will tell you in seven days if I want to stay’. Then he came back and said, ‘I want to stay’.”
on a compression approach to accelerate the installation of OTA updates on hardware. The enhancements can lower the time it takes to complete an OTA install by as much as ten minutes, the report said. In October, the tech giant had introduced a new feature called “Clear Calling” in its latest beta update for Pixel 7 series users to improve call clarity. The call quality enhancer was available for those who download the Android 13 QPR1 (Quarterly Platform Release) beta 3 software update.
Morocco beat Portugal, take All flair and dazzle, Brazil Apple’s AR/VR headset wonder what went wrong may arrive in late 2023 Africa into first Semifinal
Agency News : New Delhi Morocco beat fancied Portugal 1-0 on Saturday to become the first African team in World Cup history to reach the semifinals. Having never previously been in contention for football’s biggest prize, Morocco had seen off Belgium and Spain this time
before packing off Portugal, thanks to a first-half header from Youssef En-Nesyri. Morocco’s storybook run has seen millions of Arabs, Muslims and North Africans coalesce behind a single team in a way this tournament has not seen before. In the semifinal, they will meet France, who beat England 2-1. Fans who had hoped for a Messi-Ronaldo final will be left disappointed. While Argentina are in the semifinals, Portugal’s elimination ended the World Cup career of 37-year-old Cristiano Ronaldo. After the final whistle, the five-time Ballon d’Or winner was seen crying as he walked off the field and into the tunnel.
Agency News : New Delhi
On the sideline at Education City Stadium, forward Richarlison stared ahead. Pedro, another forward, hunched over with his hands on his knees. And the superstar Neymar, the man responsible for Brazil’s go-ahead goal, started crying, then sat at midfield and cried some more. Stunned and heartbroken, Brazil’s players struggled to process what had just transpired on the field and how they had blown a 1-0 lead against Croatia with 15 minutes left in extra time. Without a shot on goal to that point, Croatia pried the game from the jaws of defeat, tied the score in the 117th minute
and then beat a leading World Cup favourite, 4-2, in a penalty shootout in the quarter-finals on Friday. After going 105 minutes without scoring, Brazil’s talented attack finally broke through a tough Croatian defence. Suddenly, it felt like all the pressure on Brazil had been lifted, its joy had returned and it just needed to play keep-away for the second period of extra time. But, then, it all unraveled so quickly and Croatia, the wily 2018 World Cup finalist who have excelled at winning penalty shootouts in the knockout stage, were victorious once again. As Richarlison walked toward the team bus and stopped to talk. his eyes were still bright red from the earlier tears.
Agency News : New Delhi
Apple’s in-development mixed-reality headset could see its launch extended from early 2023 to later in the year due to software issues. Apple analyst Ming-Chi Kuo predicted that the company’s AR (augmented reality) and VR (virtual reality) headsets may delay until the second half of 2023, reports AppleInsider. He tweeted: “My latest survey indicates that the mass shipment schedule of Apple’s MR headset maydelay to 2H23 because of software-related issues (vs. the previous estimate of 2Q23).” However, Kuo did not mention
what these issues could be, but they may relate to its operating system, known as realityOS or xrOS, according to the report. The delay appears toaffect only the mass shipment of finished goods, rather than manufacturing itself. According to Kuo, component shipments will still take place in the first half of 2023, possibly in the second quarter.
Agency News : New Delhi
by 11 per cent to realign close to prevailing USD pricing levels in the Asian region,” said Microsoft in an official announcement. Services such as Microsoft 365 and Dynamics 365 will appear on Microsoft’s official site for direct sale to Indiabased customers from February 1, 2023, with revised Indian rupee prices.
Samsung receives 2 cloud security int’l standard certifications Agency News : New Delhi
Samsung Electronics announced that it has acquired two cloud-related international standard certifications, which confirms its information protection and system operation capabilities. Samsung Electronics has cleared ‘ISO 27001’ (Information Security Management System) and ‘ISO 27017’ (Cloud Service Information Security Management System) established by ISO (International Organization for Standardization) and certified by British Royal Society of Standards, the company said in a blogpost. The MX division, which is in charge of mobile devices like smartphones, has attained this certification, proving the superiority of the management system and information security of ‘Private Cloud’, which is run independently for services like
terminal software updates. One of the most recognised certifications in the field of information security, ISO 27001, was created in 1999 and is based on the BSIdefined ‘Information Security Management System (BS7799)’ standard. “Samsung Electronics spared no efforts by securing cloud technology and strengthening its security capabilities,” said Ahn Giljoon, vice president, mobile platform center at Samsung Electronics’ MX division. “We will continue to work hard to make it happen,” he added. Information protection policy and access control are just two examples of the 133 management requirements that must be achieved in order to receive the certification. ISO 27017 can be attained only when the cloud service environment and information protection management are created and run by international standards.
BOLLYWOOD-HOLLYWOOD Ayushmann hopes ‘strong word Ranveer feels comedy is diffiof mouth’ helps ‘An Action Hero’ cult genre,calls Rohit Shetty ‘king of comedy’ snowball its theatre footfalls Bollywood star Ayushmann Khurrana’s recent movie ‘An Action Hero’ may not have opened well at the box-office but the ‘word of mouth’ seems to be bringing some respite to the film which also stars Jaideep Ahlawat. On Monday, Ayushmann took to his Instagram to share a long note talking about how the film has been put together by first time storytellers and how it deserves audience love. The note has been undersigned by Ayushmann and the film’s producer Aanand L. Rai. It starts off in Hindi with enlisting the many firsts, including the first time talents, involved in the film like the director Aniruddh, writer Neeraj Yadav, composer Parag’s first theatrical film and cinematographer Kaushal Shah. The note then progresses into showing how the duo of Ayushmann and Aanand have always tried to break the clutter with their cinematic efforts. It reads, “As a team, we are always aligned and inclined to try and cause creative disruption. From ‘Shubh Mangal Saavdhan’, ‘Shubh Mangal Zyada Saavdhan’ and now ‘An Action Hero’, we have tried to give audiences something new to savour and discuss through our brand of cinema. So, we are humbled with all the positivity and the ‘strong word of mouth’ surrounding ‘An Action Hero’. We hope this snowballs into more and more people coming to the theatres.” The note further spoke about their knack for bringing fresh stories to the fore, “We have always wanted to tell stories differently and back projects that are fresh, that are unique & clutter-breaking. We are grateful for the love that’s coming our way for ‘An Action Hero’. It validates our stance of walking the road less travelled, to take risks and hopefully contribute to making our industry a more diverse storytelling entity.”
Bollywood star Ranveer Singh, who hopes to set his box-office performance on track with his upcoming theatrical film ‘Cirkus’, feels that comedy is the most difficult genre to pull off forboth actors and directors. In the same breath he complimented his director Rohit Shetty as the “king of comedy” at the song launch of ‘Current Laga Re’ in Mumbai on Thursday. However, the statement can be debated as Indian cinema has directors of the likes of Priyadarshan and Anees Bazmee as well. Ranveer also showered praise on his wife Deepika Padukone and mentioned that her character of Meenamma from the 2013 Shah Rukh Khanstarrer ‘Chennai Express’ is his all time favourite character of her. The actor said, “I think out of all genres comedy is a very difficult one to pull off. It is the litmus test for any actor or a storyteller because if you miss the beat for the punchline it can collapse in no time Lauding his director, the actor mentioned, “My humorous side comes out the best when I work with Rohit Shetty because he is the king of comedy and has been doing it for close to 16 years now.” After facing the heat at the boxoffice with colossal flops like ‘83’ and ‘Jayeshbhai Jordaar’, Ranveer is looking to swing back into action with ‘Cirkus’ which lands in cinemas on December 23, 2022. Cirkus’ which lands in cinemas on December 23, 2022.
Kartik Aaryan enjoyed the process of ‘achieving the intensity’ in ‘Freddy’
Proud I’m part of a show which raises issues about which people cringe to talk
of his latest release ‘Freddy’, in which he pulled off a very layered and intense character with utmost fineness. He said that he enjoyed the process of achieving the “intensity”. Talking about the success of Freddy, Kartik said: “I am extremely overjoyed by the kind of response I have been receiving for Freddy. It was indeed a very tough character that has come my way but I enjoyed the process of achieving the intensity.” “This is something I always like to experiment with my characters and I am very glad that the audience is loving the performance and accepted Freddy the way we really
Rupali Ganguly, who is currently seen playing the titular role in the show ‘Anupamaa’ talks about the ongoing track where Anupamaa is helping the rape victim in fighting her battle for justice. The actress says that raising such issues is quite important and she is fortunate to be part of a show which is trying to give out a strong message. She says: “I feel very very proud that I am a part of a show which raises the issues about which people cringe to talk about. People want to kind of put topics under the rug and forget about them. I am glad that we are raising issues that need to be brought forth. My producer is very gutsy to pick a subject like this. The entire point was to bring people out of their comfort zone and say ‘Hey, this happened. And what better to say than to say it through Anupamaa?” Rupali, who became a household name with shows such as ‘Sarabhai Vs Sarabhai’, ‘Sanjivani’, ‘Baa Bahoo Aur Baby’, and many more, shares further that the current track is meant to motivate people to understand the importance of opening up about such abuse because hiding it is not going to resolve any problem. “The idea behind bringing up this topic was that such things have been happening for years but still talking about such things has been considered a taboo with our current plot. We want people to be comfortable talking about such things,” she adds. ‘Anupamaa’ airs on Star Plus.
Agency News : Mumbai Actor Kartik Aaryan is currently basking in the success
wanted this character to come out. As an actor, it feels truly amazing to know that people are accepting me in this shade too as I tried my hand at this genre for the first time.”
Kartik said: “I am extremely overjoyed by the kind of response I have been receiving for Freddy.’’
Rupali said says, “I feel very very proud that I am a part of a show which raises the issues about which people cringe to talk about. People want to kind of put topics under the rug and forget about them.
SUNVILLA SAMACHAR
12.12.2022, Monday
Ahmedabad gets smarter with HOHM- Smart automation solution by Polycab India Ltd.
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LOCAL NEWS Important Program on Role of Exports in Atmanirbhar Bharat being organized by Government of Gujarat (GoG)- AMA Centre for International Trade
Sunvilla News: Ahmedabad
Bhumi Pednekar dressed in a silver sequinned bralette and a light blue lehenga set.
India on track to achieve 6.8-7 pc GDP growth this fiscal: CEA Sunvilla News: Ahmedabad The Indian economy is on track to achieve a 6.8-7 per cent GDP growth in the current fiscal, Chief Economic Advisor V Anantha Nageswaran said. He said the economic recovery momentum is continuing and the GDP is averaging the 2019-20 level. In 2022-23, the economy is on track to reach a 6.8-7 per cent growth in the current fiscal,” he said, adding festival sales, PMI, bank credit growth and auto sales data shows that the economy has maintained momentum despite global headwinds.The IMF has projected Indian economy to grow at 6.8 per cent this fiscal.
Giving homes an intelligence of their own has revolutionised living spaces across the world. With this concept, India’s leading electrical goods company, Polycab India Limited (PIL), today launched HOHM – Smart Automation Solution showroom in Ahmedabad. With Hohm smart automation solutions, control your The HOHM showroom will be a one-stop destination to experience smart automation along with other Polycab’s innovative products. The showroom was inaugurated by Mr. Bharat Jaisinghani, Executive Director and Mr. Nilesh Malani – President and Chief Marketing Officer - Polycab India Ltd. HOHM Smart Automation Solution from the house of Polycab India Ltd. which empowers modernday consumers with an evolved lifestyle enthralled by the integrated aspects of aesthetic, increased energy efficiency, and
Sunvilla News: Ahmedabad insightful home management - all combined into one, over a connected environment. HOHM’s competence spans from Lighting Controls to AirConditioning Controls, Smart Touch Panels, Safety and Security and AV Controls. Users can have a customised experience of these products using a HOHM mobile app or voice control. The launch of HOHM showroom in Ahmedabad is in line with Polycab’s focus to offer an experiential proposition to users and value chain partners such as Architects, Interior Designers
H&M Opens its Second Ahmedabad store in nexus Ahmedabad one mall
World Bank upgrades India’s GDP growth to 6.9% for current fiscal Sunvilla News: Ahmedabad The World Bank on Tuesday expressed optimism that India’s real GDP would grow at 6.9 per cent in the current fiscal, an improvement from its previous projection of 6.5 per cent. In its India Development Update, the global financial institution said that the revised update was mainly due to greater resilience shown by the Indian economy against global shocks and better September quarter figures.
and Electrical Consultants. Speaking at the launch, Bharat Jaisinghani, Executive Director, Polycab India said, “The needs of consumers have transitioned to attain more sophistication and smart quotient. This conventional approach of product featuresdriven pursuit no longer finds appeal and the preference rather is to have an enriched experience that eventually leads to a higherorder lifestyle. With the Polycab HOHM automation shop launch, our endeavour is to enable the citizens of Ahmedabad to evolve to a smart lifestyle.”
Sunvilla News: Ahmedabad H&M India, international retailer known for fashion and quality at the best price in a sustainable way, open sits second store in a new location in Nexus Ahmedabad One Mall. Spread over 2335 square meters, designed by the latest interior trends, the store offers a modern and welcoming
Harshvarshan and Anil Kapoor’s Thar making it big internationally
shopping experience featuring H&M’s latest collection for Women, Men and Kids. The new store opening is complemented with exciting collections such as the magical holiday collection along with everyday essentials with price points starting at ₹249 for kids, ₹399 for Womenswear and ₹399 for Menswear. Additionally, as part of H&M’s
Paytm buyback shows firm believes shares are below intrinsic value, just how Berkshire Hathaway did it in the past
Sunvilla News: Ahmedabad
Agency News: New Delhi
With December well upon us, it is awards season and India sure has a lot to celebrate! One such reason being ‘Thar’. Anil and Hrshvardhan Kapoor’s Thar that took India by the storm has also made waves abroad. The movie’s cinematographer Shreya Dubey won the ‘Best Cinematographer’ at the Asian Academy Creative Awards. Talking about the win, Anil Kapoor said “ When we were ideating, Harsh convinced us all to get Shreya as the cinematographer for Thar. He believed in her talent and could see what potential she had. After watching her black and
Paytm, India’s leading mobile payments and financial services company, has informed the exchanges about its plans to buyback shares as its management believes that it will be beneficial for its shareholders. The company said that its decision for the same comes from its strong financial position and liquidity. A board meeting will be held on December 13 for the approval of the company’s first ever share buyback. Paytm’s announcement has been welcomed by investors and analysts as the company’s stock surged sharply during
white Bengali film we knew for sure that it had to be her. And she did so splendidly! Congratulations to Shreya for this win! It was very well deserved!” While Thar won internationally beating entries from Malaysia, Japan, Indonesia, Singapore, Hong Kong, Thailand, Taiwan and Vietnam, it has also had quite the impact back home too. The movie has been nominated for Best Film, Web Original at OTT Filmfare Awards .
commitment to a more circular and sustainable future, the new store also offers the brand’s Garment Collect initiative which allows customers to bring unwanted clothes and textiles by any brand, in any condition, at the store. “While we’ve been available in Ahmedabad since 2018, we are excited to expand our footprint with our second store in the city. Bringing fashion and quality, at the best price, to our customers is always a source of joy. The reception we have had in Ahmedabad has exceeded all our expectations and we look forward to meeting our fashion-loving customers in our new store.” said Yanira Ramirez, Country Sales Manager, H&M India. H&M India is now present in Nexus Mall& Iscon Emporio in Ahmedabad with www.hm.com and Myntra.
Friday’s trading session. While the details of the buyback will be disclosed by the company after the board meeting, social media is already abuzz with speculations about Paytm’s move, with some even comparing the company’s proposed move to Warren Buffet’s Berkshire Hathaway, a top US multinational conglomerate. A Twitter user pointed out how Paytm’s proposed buyback move is quite like how Berkshire Hathaway has done it in the past, at a point when management believes shares are under their intrinsic value and its cash reserves aren’t greatly impacted. It may be noted.
Bank credit grew at 17.2% in Q2: RBI Sunvilla News: Ahmedabad Bank credit growth improved to 17.2 per cent in the September quarter 2022 from 7 per cent in the year-ago period, reflecting pick-up in economic activities. Credit growth remained broad-based: all population groups and bank groups recorded double digit annual growth, the Reserve Bank said while releasing ‘Quarterly Statistics on Deposits and Credit of SCBs: September 2022’. Bank credit growth improved further to 17.2 per cent in September 2022 from 14.2 per cent a quarter ago and 7 per cent a year ago, it said. Aggregate deposits growth (y-o-y), which
remained in the close range of 9.5-10.2 per cent since June 2021, stood at 9.8 per cent in September 2022. Since December 2020, bank branches in metropolitan centres have been recording higher annual growth than those in rural, semi-urban and urban areas. Private sector bank group has been outpacing public sector banks, foreign banks and regional rural banks in deposit mobilisation, the RBI said. As per the data, year-onyear growth in term deposits rose to 10.2 per cent in September 2022 from 6.4 per cent a year ago. Current and savings deposits growth moderated to 8.8 per cent and 9.4 per cent from 17.5 per cent and 14.5 per cent, respectively, a year ago.
Promoting Atmanirbhar Bharat movement and the new Foreign Trade Policy of Government of India, GoG-AMA Centre for International Trade today organized a Program on “Role of Exports in Atmanirbhar Bharat” at Bharuch District Management Association, 201-207, 2nd Floor, 7-X The Business Hub, Old N.H. No.8, Bholav, Bharuch. The program was conducted by Mr. Ankit Majmudar who has more than 20 years of experience and has
travelled to many countries across EU, South America, South East Asia, Middle East and Africa. Post this introductory talk, a full day Paid Seminar by Mr. Ankit Majmudar is now being organized at the same venue on Saturday, 10 th December, 2022 from 10.00am to 5.00pm on the subjects of Strategic Selection of Markets & Identification of Foreign Buyer which can help the business community around immensely to become more Atmanirbhar. The Course fee includes course material, lunch and refreshment arrangements.
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BNI Ahmedabad to host The Sicilian Games in Dec-Jan Sunvilla News: Ahmedabad The Sicilian Games will see more than 2,000 BNI members in action in various sports and games, says Yash Vasant, Founder and Executive Director of BNI Ahmedabad.Ahmedabad’s biggest sporting event is here. BNI Ahmedabad, a part of Business Network International (BNI), the world’s leading business network, and Sicilian Ventures, will host a series of individual and team games as a part of The Sicilian Games 2022 in December and January. More than 2,100 members belonging to 40 chapters of BNI Ahmedabad will compete in as many as 18 different games for the Sicilian Trophy. Some of the games that will be a part of The Sicilian Games 2022 include cricket, badminton, table tennis, tennis, chess, squash, cycling, distance running, fitness/endurance, pool, volleyball, football, basketball, box cricket, and others. “All work and no play makes Jack a dull boy. We want BNI members to
remain physically fit and active by participating in various games and sports, which is why we are thrilled to present The Sicilian Games 2022, Ahmedabad’s biggest and most-awaited sporting extravaganza. We want to engage holistically with our members to help them grow as business people. The Sicilian Games is also a great opportunity to network and expand one’s horizons and business,” said Yash Vasant, Founder and Executive Director of BNI Ahmedabad. “Events such as The Sicilian Games are an extension of what we do in the boardroom, i.e. helping members develop the right attitude, culture, and core competencies in sync with BNI’s philosophy,” said Yash. The Sicilian Games 2022 has generated excellent response from BNI Ahmedabad’s 40 chapters and members, who are raring to go and showcase their sporting skills. The Sicilian Games 2022 will also provide the members with a unique opportunity to network with BNI members from other chapters.
Sushant Singh Rajput’s Flat BharatPe files arbitration with Where He Died Fails To Find SIAC to restrict Ashneer’s A Tenant Even 2.5 Years Post 1.4% unvested stock His Demise Agency News: New Delhi
Agency News: Mumbai Bollywood’s heartthrob Sushant Singh Rajput had an untimely demise on June 14, 2020, after which a lot of controversies erupted, specifically concerning the Bollywood film industry. Those controversies are not a distant memory. But the apartment where he was found dead is lying vacant with the owner trying his best to find a tenant. But nobody is willing to move into the house, due to its history. The flat in Mumbai where late actor Sushant Singh Rajput was found dead has been up for rent for the last 2.5 years. However,
it has not yet found a taker. Real estate broker, Rafique Merchant, recently posted a clip of the seafacing flat and informed that the flat is available for rent at Rs 5 lakh per month. The broker revealed that the owner of the flat, who is an NRI, is not willing to give out his flat to Bollywood celebrities anymore. Last year, during Sushant Singh Rajput’s first death anniversary, there were reports that the flat is up for rent and that due to the COVID crisis, the flat is not finding a tenant. Sushant moved into the 3,600-sq ft Mont Blanc apartment in December 2019 and that he used to pay Rs. 4.51 lakhs per month.
In yet another move against its former co-founder and Managing Director Ashneer Grover, fintech platform BharatPe has filed for arbitration with the Singapore International Arbitration Centre (SIAC) to restrict his 1.4 per cent shareholding as well as strip him off his founder title. Grover has about 8.5 per cent share of the company and of this, 1.4 per cent is yet to be vested. Reliable sources told that Grover will lose his unvested shares and right to use the founder title if the arbitration is granted. When contacted, BhararPe declined to comment on the matter as of now. With this new move, BharatPe has taken on Grover from three sides, along with a civil case in the Delhi High Court asking him to reply on the Rs 88.6 crore he allegedly swindled at the company along with his wife and close relatives and a criminal complaint with the Economic Offences Wing (EOW). In February this year amid the high drama, Grover lost an arbitration
Grover has about 8.5 per cent share of the company and of this, 1.4 per cent is yet to be vested plea he had filed with the SIAC against the company’s probe. He lost the plea, with the emergency arbitrator stating there was no ground to stop governance review at the fintech platform. BharatPe has initiated criminal and civil proceedings against Grover, his wife Madhuri Jain Grover and their relatives over huge misappropriation of company funds to the tune of over Rs 88.6 crore.
EngiExpo 2022 to take place in Ahmedabad from Gmail down across globe, December 17-19 millions of users affected Agency News : New Delhi Google’s email service Gmail is down for several users, according several. Many users across the globe complain of the service not responding, and mails not getting delivered. Both app and desktop version of Gmail is affected. Outage monitoring website Downdetector reported that the email service had been “having problems since 9:12 AM EST”. “User reports indicate Gmail is having problems since 9:12 AM
EST. http://downdetector.com/ status/gmail/ RT if you’re also having problems #Gmaildown,” Downdetector tweeted. The outage monitoring platform also noted a sharp increase in the number of cases of Gmail’s outage over the past 24 hours, as they jumped up to 327 cases by 8:39 PM today.
Revenue collection by Calcutta Customs may touch Rs 30,000 crore Agency News : New Delhi Revenue collection by Calcutta Customs may touch Rs 30,000 crore in this fiscal, registering a 29 per cent growth over the previous year. In 202122, Calcutta Customs, which has jurisdiction over Bengal, Sikkim and the Andamans, had collected Rs 22,900 crore revenue, chief
commissioner Anil Gupta said. “There has been an all round buoyancy in tax collection this year, mostly from imports,” Gupta said at the sidelines of an event to commemorate the 60th year of the enactment of the Customs Act, 1962 in Calcutta on Friday. Calcutta Customs jurisdiction manages border trade with four countries.
Sunvilla News: Ahmedabad EngiExpo 2022, a mega conference and exhibition that brings the engineering industry together, will take place in Ahmedabad from December 17 to 19. The three-day mega event will provide an excellent opportunity for the engineering industry to showcase its latest products. EngiExpo 2022 has received tremendous response and support and will see the participation of more than 500+ engineering companies from different sectors and domains from across India. More than 50,000 visitors are expected to visit the expo over three days. “EngiExpo offers an unmatched opportunity to showcase the latest technologies and products from the world of engineering and has emerged as a prestigious brand
More than 50,000 visitors are expected to visit the expo over three days in exhibitions and trade fairs. It also brings together industry leaders, innovators, and entrepreneurs from across the country to provide great opportunities for networking, exchange of ideas, and business growth. Looking at the response EngiExpo has received, we are confident it will scale new heights this time too,” said Ambalal Bhandarkar, CEO of 2wayadvertising, which is organising EngiExpo jointly with the Federation of Small Scale Industries. By providing a unique platform to showcase and promote the capabilities of the domestic engineering industry.
Printed, Published & Owned by AKSHESHKUMAR S. SAVALIYA and “Sunvilla Samachar” (English Daily) Printed at “Sunvilla Samachar Daily Printing Press”, Shed No.36, Shreenath Sarthak Industrial Park, Near Torrent Power Sub Station, Ring Road, Nikol, Ahmedabad - 380049 and Published from A/24, Shardha Appartment, Thakkarbapanagar Road, Near Approach, Bapunagar, Ahmedabad-382350. Mo.: 9825098053, (* Responsible for selection of News under the PRB act) *Editor : KAPILKUMAR M. HIRPARA, RNI No. : GUJENG/2014/59629.