Category: Sports

  • MCA denies clean chit to Byju’s in financial fraud case, confirms ongoing probe | Company News

    New Delhi: The Centre clarified on Wednesday that an investigation by the Ministry of Corporate Affairs has not cleared edtech firm Byju’s of financial fraud, confirming that the investigation is still ongoing.

    “There have been reports claiming that edtech startup Byju’s has been cleared of financial fraud in an ongoing investigation by the Ministry of Corporate Affairs (MCA). It is categorically clarified that such reports are factually incorrect and misleading,” the Ministry stated. (Also Read: No Jobs for Married Women in iPhone Factory in India? Foxconn Faces Discrimination Claims)

    The Ministry added that proceedings under the Companies Act, 2013, initiated by the MCA are still ongoing and no conclusions should be drawn at this stage. Byju’s, facing multiple legal battles in courts and the National Company Law Tribunal (NCLT), is attempting to raise 200 million dollars through a rights issue. However, the NCLT has prohibited the company from using any funds for now. (Also Read: Top Stocks On D-Street: Bharti Airtel, SBI, And Vedanta Among 7 In Spotlight Today)

    Byju’s is also exploring out-of-court settlements with some of its creditors. Once valued at $22 billion, the edtech company is now worth zero. Global investment giant Prosus wrote off the value of its shareholding in Byju’s, recording a loss of $493 million in its annual report for FY24. (With IANS Inputs)

  • T20 World Cup 2024: Rain looms over India-England semi-final, but ICC has not kept a reserve day, know what will happen if the match is washed out due to rain?

    T20 World Cup 2024: The T20 World Cup 2024 being hosted by the USA and West Indies has reached its final stage. The first semi-final match of the tournament will be played between Afghanistan and South Africa tomorrow at 6 am Indian time. At the same time, the second semi-final match will be played between India and England at 8 pm. This match will be played at Providence Stadium in Guyana, but a news before the match has increased the tension of the English team.

    Actually, there is a threat of rain on this match. What will happen if it rains and the semi-final match is washed out? Has a reserve day been kept for this match? If the match is cancelled, will the Indian team be out? Let’s know the answers to all these questions…

    The Indian team is undefeated in the tournament so far

    The Indian team led by captain Rohit Sharma has not lost any match in this tournament so far. The team has entered the semi-finals by winning all its matches in the group stage and then in the Super-8. The best thing for the Indian team is that it has entered the semi-finals by topping its Group-1 of the Super-8. The Indian team can get a place in the semi-final to be played against England.

    If it rains then Team India will be in trouble

    Let us tell you that one suspense in this World Cup is that ICC has not kept any reserve day for the second semi-final. Whereas reserve day has been kept for the first semi-final. Because the semi-final between India and England will be played on 27th June at 10:30 am as per local time. In such a situation, there will be a whole day to conduct the match. That is why 250 minutes have been given in bulk in this match. That is, after the match is stopped due to rain, 250 minutes will be waited and there will be no reduction in overs. If in the meantime the rain stops and the match starts, then the full match will be played. Even after 250 minutes, if the rain continues, then the match will be canceled and the Indian team will reach the final due to topping Group-1 of Super-8. Whereas the England team, which was second in Group-2, will be out. Not only this, ICC has also made it clear that a match of at least 10 overs is necessary in the semi-finals and finals.

    Know the weather report of Guyana

    According to AccuWeather, there is a possibility of rain during the India-England semi-final in Guyana. The start of the match may be delayed as there is a 35% to 68% chance of rain from 10 am to 6 pm local time (7:30 pm to 3:30 am Indian time). The Providence Stadium will remain cloudy throughout the match. The match may be delayed due to heavy rain. The Meteorological Department has predicted a 60% chance of heavy rain with thunderstorms on Thursday morning.

    The squad of India and England is as follows

    Indian Team

    Rohit Sharma (captain), Yashasvi Jaiswal, Virat Kohli, Suryakumar Yadav, Rishabh Pant (wicketkeeper), Sanju Samson, Shivam Dubey, Ravindra Jadeja, Axar Patel, Kuldeep Yadav, Yuzvendra Chahal, Arshdeep Singh, Jaspreet Bumrah, Hardik Pandya and Mohammad Siraj.

    England Team

    Jos Buttler (captain), Moeen Ali, Joffra Archer, Jonny Bairstow, Harry Brook, Sam Curran, Ben Duckett, Tom Hartley, Will Jacks, Chris Jordan, Liam Livingstone, Adil Rashid, Phil Salt, Reece Topley and Mark Wood.

    Don’t forget to follow Lalluram.Com’s WhatsApp channel. https://whatsapp.com/channel/0029Va9ikmL6RGJ8hkYEFC2H

  • 2024 Jawa 350 Launched with Alloy Wheels and New Colours; Check Details | Auto News

    The 2024 Jawa 350 has received notable updates, just months after its initial launch in India. These updates include the introduction of a new alloy wheel variant and four new colour options. Responding to customer feedback, Jawa has introduced alloy wheels with tubeless tyres for the Jawa 350. Priced at an additional Rs 10,000, this upgrade simplifies puncture repairs. Unlike wire-spoke wheels with tube-type tyres, which require unmounting the tyre and removing the tube to fix a puncture, tubeless tyres can be more easily repaired, saving time and effort. For those who prioritize aesthetics, the traditional wire-spoke wheels are still available.

    New Colour Options

    Jawa has expanded its colour palette for the Jawa 350. The new solid colours include Obsidian Black, Grey, and Deep Forest. Additionally, the Chrome series has been updated with a new White colour, which joins the existing Maroon, Black, and Mystique Orange options.

    Powertrain

    The Jawa 350 remains mechanically unchanged. It continues to be powered by a 334cc, single-cylinder, liquid-cooled engine, producing 22bhp and 28.2Nm of torque. This engine is mated to a six-speed gearbox.

    Chassis and Suspension

    The bike features a dual-cradle chassis, supported by a telescopic front fork and a five-step preload-adjustable dual shock absorbers at the rear. For braking, it is equipped with a 280mm front disc and a 240mm rear disc, both with dual-channel ABS. The starting price for the Jawa 350 is Rs 1.99 lakh, ex-showroom, with the Chrome series starting at Rs 2.14 lakh. The addition of alloy wheels is priced at Rs 10,000 extra.

  • Railway Minister Ashwini Vaishnaw Evaluates Passenger Amenities And Safety Features: Details | Railways News

    Railway Minister Ashwini Vaishnaw carried out an elaborate assessment exercise of various aspects of safety and passenger amenities with top officials at the Rail Bhawan here on Monday. Those who attended the meeting were Railway Board Chairperson and Chief Executive Officer (CEO) Jaya Varma Sinha and Member Infrastructure Anil Kumar Khandelwal, the director general of the Research Design and Standards Organisation (RDSO) and the general managers of all railway zones and divisional railway Managers from all divisions.

    According to officials who attended the meeting, several important decisions regarding the upkeep of safety equipment in trains, improvement of the food quality, deep cleaning of trains and stations and drinking water facilities were taken in the interest of the passengers. “To improve the reliability of the safety-related equipment, it was decided that the specifications, installation practices and maintenance practices of all key safety-related equipment would be reviewed. This would be done in workshops to be organised by the RDSO with all the manufacturers,” a senior railway official said. “To improve the food quality, the IRCTC and its agencies are upgrading the base kitchens at 1,000 locations. The work is in progress and it was decided that it should be completed on a war footing in the next six months,” he added. Other senior officials said decisions were taken to carry out deep cleaning of the pantry cars and storage areas in a target-oriented manner and also include it in the maintenance schedule so that it can be done on a regular basis. “To improve water availability and cleaning of trains during journeys, it was decided that cleaning and watering facilities will be increased. The time required for cleaning and watering will be factored in in the time-tables for this crucial activity,” another official said.

  • IND vs AUS, T20 World Cup 2024: India won its last match in Super 8, defeated Australia by 24 runs and entered the semi-finals, Arshdeep took three wickets

    IND vs AUS, T20 World Cup 2024: The Indian team has entered the semi-finals of the T20 World Cup by defeating Australia by 24 runs in the final match of the Super 8 stage. After losing the toss and batting first, the Indian team scored 205 runs for five wickets in 20 overs on the basis of Rohit Sharma’s innings of 92 runs, in response, the Australian team could only score 181 runs for seven wickets in 20 overs and had to face its second consecutive defeat.

    In this match, Travis Head scored 76 runs in 43 balls with the help of nine fours and four sixes for Australia. He shared an 81-run partnership for the second wicket with captain Mitchell Marsh. At one time it seemed that the Australian team would win this match, but the Indian bowlers made a strong comeback and continued their winning campaign in the tournament. For India, fast bowler Arshdeep Singh took three wickets, while wrist spinner Kuldeep Yadav got two wickets.

  • FPI Turns Positive In June With Rs 12,170 Crore Investment, But 2024 Net Investment Remains Negative | Economy News

    New Delhi: Foreign Portfolio Investment (FPI) in the Indian equity market turned positive in June with a net investment of Rs 12,170 crore, according to data from NSDL. The data highlights that by June 21, FPIs had injected this amount into the equity market for the month. However, the overall net investment for the calendar year 2024 remains negative, with net selling amounting to Rs 11,194 crore.

    On the last trading session of the previous week, FPIs invested Rs 2,250.20 crore in the Indian markets. The shift in FPI behaviour has been particularly noticeable since June 10, influenced by the election results. (Also Read: Gautam Adani’s 2024 Salary Revealed – Less Than Some Of His Own Employees! Find Out Here)

    “Foreign Portfolio Investors (FPIs) have altered their position in the equity market following the election results, injecting Rs 23,786 crore since June 10th. There are three primary reasons for this positive inflow. First, the continuity of the government assures ongoing reforms. (Also Read: Kolkata Struggles With Soaring Vegetable Prices Due To Scanty Rainfall; Full Details Inside)

    Second, the Chinese economy is decelerating, as evidenced by a 12 percent decline in copper prices over the past month. Third, certain block deals in the market have been eagerly taken up by FPIs,” said Sunil Damania, Chief Investment Officer, MojoPMS.

    In contrast, may saw FPIs withdraw Rs 25,586 crore from the equity market, while in April, they were net sellers with a withdrawal of Rs 8,671 crore. This trend of outflows had created a cautious atmosphere in the market.

    Market experts note that the recent FPI inflows are concentrated in a select few stocks rather than being spread across the market or sectors. They believe that high valuations currently commanded by the Indian equity market will constrain FPI inflows. While June’s figures show a positive net investment, the overall sentiment among FPIs remains one of cautious optimism, tempered by valuation concerns.

    This strategic approach by foreign investors highlights their close monitoring of economic indicators and the government steps before the presentation of budget. As the year progresses, the balance of net investments will likely depend on the evolution of these factors, particularly in the context of global economic conditions and domestic policy continuity.

  • IND vs AUS T20 World Cup 2024 Weather Report From St Lucia: What Will Happen If Rain Plays Spoilsport? , Cricket News

    The cricketing world is abuzz with anticipation as Australia and India gear up for their high-stakes clash in the T20 World Cup 2024. Scheduled for June 24 at the Daren Sammy National Cricket Stadium in St Lucia, this match holds significant implications for both teams. However, the looming threat of rain could dramatically alter the course of this crucial encounter.

    Also Read: T20 World Cup 2024: Meet Isha Negi, Rishabh Pant’s Girlfriend Since College Days – In Pics

    Weather Forecast: Showers and Thunderstorms Expected

    Weather predictions for St Lucia are far from ideal for a full-fledged cricket match. According to weather reports, there is a substantial chance of thunderstorms throughout Monday morning, with intermittent showers expected to persist until the afternoon. The forecast indicates a 15% chance of rain during the match, with light showers and possible thunderstorms posing a continuous threat.

    For fans and players alike, the weather forecast brings an element of uncertainty to what promises to be a thrilling encounter. The potential for a rain-affected match or even a complete washout has everyone on edge, especially considering the stakes for both teams.

    Impact of Rain on Match Outcome

    A washout would be a bittersweet outcome for India and Australia. For India, who currently have a superior net run rate, a no-result would secure their place in the semi-finals without having to compete. This scenario would undoubtedly be disappointing for fans eager to see their team in action, but it would offer a straightforward path to the next stage.

    For Australia, however, the situation is dire. The team must secure a win to advance to the semi-finals, especially after a surprising defeat to Afghanistan. A washout would leave them vulnerable to elimination, particularly if Afghanistan manages to defeat Bangladesh in their upcoming match. The difference between one point and two is colossal for the Australians, who are already on thin ice.

    Pitch and Conditions: A Batting Paradise with Weather Woes

    St Lucia has been the most batting-friendly venue in this T20 World Cup, boasting the highest scoring rate and a conducive pitch for big hitters. Fast bowlers have struggled here, but spinners have managed to keep things relatively tight. However, all these statistics could become irrelevant if rain disrupts play.

    The ground staff will be on high alert, ready with covers and drainage systems to mitigate any weather interruptions. The hope is that the weather forecast might improve, allowing for at least a shortened version of the game if not the full 20 overs per side.

    Historical Context: Rain and Cricket – A Fraught Relationship

    Cricket has a long history of weather interruptions affecting crucial matches. From the iconic 1992 World Cup semi-final rain rule debacle to various washed-out matches in recent years, weather has often played an uninvited yet decisive role in cricket. This potential rain disruption in St Lucia could add to that list, potentially altering the fate of one of these powerhouse teams.

    Preparations and Contingencies

    Both teams are preparing for all eventualities. Players will need to stay mentally focused despite the weather distractions, and strategic decisions might pivot based on the likelihood of a reduced-over game. The team that adapts better to the changing conditions, should play commence, will likely have the upper hand.

  • GST Council Meeting: FM Sitharaman Announces Nationwide Biometric Authentication- Key Highlights | Economy News

    New Delhi: Finance Minister Nirmala Sitharaman in the 53rd GST Council Meeting announced that biometric authentication will be implemented nationwide in phases to curb fake invoicing. For efficient GST registration the council recommended making Aadhaar biometric authentication mandatory for all new registrations across the country.

    “There is going to be a rolling out of biometric-based Aadhaar authentication on an all-India basis. This will help us to combat fraudulent input tax credit claims made through fake invoices in the cases,” the minister announced during the briefing following the 53rd GST Council meeting.

    Here are the key announcements made by the Finance Minister after the GST Council meeting:

    – The GST Council has recommended waiving interest penalties on demand notices issued under Section 73 of the GST Act for the fiscal years 2017-18, 2018-19, and 2019-20. This waiver applies to cases that do not involve fraud, suppression, or misstatement. Taxpayers who settle the full tax amount demanded in the notice by March 31, 2025, will be eligible for this benefit.

    – For returns submitted by November 30, 2021, the deadline for Input Tax Credit (ITC) claims for the fiscal years 2017-18, 2018-19, 2019-20, and 2020-21 is considered to be November 30, 2021.

    – To curb government litigation, the Council suggested establishing monetary thresholds for filing appeals by departments: Rs 20 lakh for the GST appellate tribunal, Rs 1 crore for high courts, and Rs 2 crore for the Supreme Court.

    – The Council extended the deadline for submitting returns from April 30 to June 30 for the fiscal year 2024-25 and onwards.

    – The Council clarified that all types of sprinklers, including those for fire and water, will now have a uniform GST rate of 12 per cent.

    – In addition, accommodation services valued at up to Rs 20,000 per person per month which are provided continuously for at least 90 days will also be exempt from GST.

    – The Council proposed a uniform GST rate of 12 per cent on all milk cans, regardless of the material they are made from (steel, iron, aluminium), aiming to resolve disputes.

    -The Council also proposed a 12 per cent GST rate for all types of carton boxes and cases made from both corrugated and non-corrugated paper or paperboard. This change is expected to especially benefit apple growers in Himachal Pradesh and Jammu & Kashmir.

    The Finance Minister announced that the next meeting of the Goods and Services Tax (GST) Council is tentatively scheduled for sometime in mid to late August. She pointed out that the groundwork for this inclusion was laid during the initial implementation of GST and stressed that the final decision now rests with the state governments.

  • IND vs BAN, T20 World Cup 2024: India beat Bangladesh by 50 runs, Kuldeep took 3 wickets

    IND vs BAN, T20 World Cup 2024: India has defeated Bangladesh in its second match of the Super 8 stage of the T20 World Cup. In this match being played at Sir Vivian Richards Stadium in Antigua, Bangladesh won the toss and decided to bowl. After which the Indian team scored 196 runs for the loss of 5 wickets in the stipulated 20 overs, in response to the target of 197 runs, the Bangladeshi team could score only 146 runs at the loss of 8 wickets in 20 overs and India won the match.

    Hardik Pandya performed brilliantly for India in this match. He played an unbeaten innings of 50 runs and also took a wicket. Hardik was chosen as the Player of the Match for his brilliant performance. Kuldeep bowled brilliantly and took three wickets, while Jaspreet Bumrah and Arshdeep Singh got two wickets each. Captain Nazmul Hussain Shanto scored the highest 40 runs for Bangladesh. With this victory, the Indian team has confirmed its claim for the semi-finals. The Indian team has come on top with four points by winning two consecutive matches in Group A.

    India will face Australia on 24th

    Let us tell you that the Indian team has performed brilliantly so far in the ICC Men’s T20 World Cup being jointly hosted by America and West Indies. In the league stage, India defeated Ireland, Pakistan and USA. While its match with Canada was washed out. Then India defeated Afghanistan by 47 runs in the Super-8. In today’s match, India defeated Bangladesh by 50 runs. Now India’s next important match is to be played with Australia on 24 June.

    Don’t forget to follow Lalluram.Com’s WhatsApp channel. https://whatsapp.com/channel/0029Va9ikmL6RGJ8hkYEFC2H