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Surat building collapse death toll rises to 7; FIR against owners, 1 person held
While a woman was rescued soon after the collapse, the body of a man was pulled out on Saturday night, an official earlier said. Rescue teams later pulled out six more bodies from the debris, according to police. Seven bodies have been recovered in the operation that continued through the night, Sachin GIDC police station inspector Jignesh Chaudhari said.
Rajkot Gaming Zone Fire kills 35: Investigation uncovers cause of accident
The investigation into the Rajkot gaming zone fire that killed 35 people reveals significant negligence and illegal operations by the management. Operating without a No Objection Certificate (NOC) in a residential area, the facility stored hazardous materials and lacked proper safety protocols. Several officials are untraceable, further complicating the issue. The state government and a Special Investigation Team (SIT) have promised thorough investigations and justice for the victims.
Rajkot fire tragedy: SIT holds meeting; DNA samples collected for identification of victims
After a devastating fire at a game zone in Rajkot city, Gujarat, resulting in 27 fatalities and three injuries, the Special Investigation Team (SIT) met with local authorities to address the situation. Due to the severity of the burns on the victims' bodies, identification has proven challenging, prompting authorities to collect DNA samples from both the deceased and their relatives to aid in identification efforts.
Rajkot game zone fire: Four children among 27 killed; SIT probe ordered into incident
Rescue operations are underway at the affected TRP game zone and officials feared the count of casualties may go up as several children were present at the spot due to the ongoing summer vacation and weekend. The blaze erupted at around 5 pm at a fibre dome for gaming activities and several persons including children were playing games when the blaze erupted, officials said.
Maharashtra: Death toll climbs to 10 in Dombivali boiler blast, rescue operations underway
A boiler blast at a chemical factory in Dombivli has killed 10 people, with two still missing. Rescue operations continue amidst hazardous conditions. Chairman Siddhesh Kadam, under Chief Minister Eknath Shinde's directive, reviewed the site and emphasized relocating hazardous units to prevent future incidents. Opposition leader Ambadas Danve criticized safety lapses and the factory's proximity to residential areas. Thane Police have filed charges against the factory owners, who are currently absconding. Further details are awaited.
Japan's top rugby competition bucks trends, continues to grow as the game faces headwinds elsewhere
The Japan Rugby League One is experiencing historic growth, adding three new clubs next season, bringing the total to 26 teams across three divisions. Large corporations in Japan are sponsoring teams, and top foreign players are drawn to the league at a younger age, staying longer. This growth is in contrast to financial struggles faced by professional rugby in England, New Zealand, Australia, and elsewhere.
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Minor Hotels appoints Puneet Dhawan as Head of Asia
Dhawan holds a Bachelor of Science in Hospitality Management from the University of Massachusetts Amherst. He will be based in the group’s Bangkok Corporate Office when he joins Minor Hotels in July. “We are excited to welcome Puneet to the Minor Hotels family. His operational experience and empowering leadership will be invaluable as we work to achieve our growth ambitions in Asia and India in the coming years," said Dillip Rajakarier, CEO of Minor Hotels and Group CEO of Minor International.
All hoardings need structural stability certificate, says BMC Commissioner on Ghatkopar tragedy
The BMC Commissioner stated that Maharashtra Chief Minister Eknath Shinde has ordered all hoardings to be checked. "All the hoardings need a structural stability certificate. They need to follow the specifications of size, foundation and the wind velocity that passes through to provide the necessary stability. Three more hoardings are being removed," he said.
Mumbai police chief assures strict action against those responsible for hoarding collapse incident
Mumbai Police Commissioner Vivek Phansalkar has promised strict action after a hoarding collapse killed 14 and injured 74 in Ghatkopar. The illegal 100-foot-tall billboard fell during a storm. Phansalkar assured justice for victims, with the owner facing charges. Chief Minister Eknath Shinde has ordered audits for all city hoardings and offers aid to victims' families.
Death toll rises to 14 in Mumbai hoarding tragedy; search and rescue ops still on
The death toll in the Mumbai hoarding collapse incident is 14 dead, 75 injured. NDRF teams, BMC, and Mumbai Police Commissioner Vivek Phansalkar are leading rescue efforts in Ghatkopar area. NDRF assistant commandant Nikhil Mudholkar provided insights during the search operations. Rajawadi Hospital, Bhavesh Bhinde, and BJP leader Kirit Somaiya are also involved.
Mumbai dust storm Ghatkopar hoarding tragedy: Who is Bhavesh Bhide, owner of collapsed hoarding that took 14 lives
Bhavesh Bhide, owner of an advertising agency, is implicated in the collapse of an illegal hoarding in Mumbai's Ghatkopar area, resulting in 14 deaths. The incident occurred during a dust storm with winds of 60 km/h. The National Disaster Response Force rescued 74 of the 88 victims. Authorities have filed charges of culpable homicide against Bhide's company, prompting BMC to demand removal of other unauthorized hoardings.
ETMarkets SME Talk: Kulbhushan Parashar shares the secret of turning SME companies into multibaggers
"The overall Indian economy in the last 2-3 years has seen a major shift in terms of investment and spending. As a significant portion of the population entered high-income zones, correspondingly liquidity in all fundraising channels has jumped."
Red Bull does give you wings: Despite investigation, Christian Horner is in driver’s seat
Horner was front and center a week ago at Red Bull's launch of its 2024 car - a virtual highlight reel of the success Horner has built since he became team principal in 2005. Make no mistake, the longest-tenured team leader in the F1 paddock knows how to win: Red Bull has won six constructors' championships and seven drivers' championships under Horner.
Search engine Yandex owner to exit Russia in $5.2 billion deal
The Kremlin-engineered deal would see Russia's largest technology player fall entirely under Russian ownership, including a fund ultimately owned by oil major Lukoil, and cement Yandex's departure from Western tech circles.
NCLT dismisses Wilmington’s insolvency plea against Spicejet
The National Company Law Tribunal (NCLT) dismissed Wilmington Trust SP Service’s (Dublin) Ltd insolvency petition against Spicejet Limited. Spicejet argued that Wilmington was not the corporate debtor and had no right to file the petition. The counsel for Wilmington provided a document from the civil aviation regulator to establish ownership rights. Spicejet is also facing insolvency petitions from Celestial Aviation Sevices Ltd, Aircastle (Ireland) Ltd, and Raymach Technologies. The Delhi High Court directed Spicejet to pay $4 million to its engine lessors. Last week, Spicejet raised Rs 744 Crore as part of its refinancing plan.
Moody's report flags seven indicators highlighting risks in corporate structures
India and South Asia have the most firms with circular ownership concerns like hidden shareholders in a company, indicating risky shell companies that may warrant a targeted investigation. “India is characterised by high complexity in corporate governance structures, which are often opaque and characterised by substantial family ownership, including pyramidal arrangements and cross holdings”, said the Moody’s industry practitioners.
Citi alumni plan Bitcoin securities that don't need SEC nod
The new offering, called Bitcoin depositary receipts, will be similar to American depositary receipts that represent foreign stocks. The startup, called Receipts Depositary Corporation, or RDC, said it plans to issue the first Bitcoin depositary receipts to qualified global institutional investors in transactions exempt from registration under the Securities Act of 1933.
Zoomcar merges with Innovative International Acquisition Corporation
The merged entity has been renamed Zoomcar Holdings Inc, and is expected to begin trading on NASDAQ on Friday, Zoomcar said in a statement.
ET Awards for Corporate Excellence: Patiala peg or not, than Diageo's Hina Nagarajan for the toast India raising is premium
Under her, the company renovated Signature and Royal Challenge Whisky, launched Royal Challenge American Pride Whisky, entered Indian malt with Godawan and invested in Nao Spirits, the makers of Hapusa and Greater Than Gin. It also seeded Guinness, Diageo’s iconic beer brand, in line with the potential of the premium beer segment. These initiatives accelerated USL’s growth to double-digit levels at nearly 20%, three times higher than the historical rates of growth.
RMZ rejigs top leadership team, targets $42 billion AUM by 2029
The firm has set up a new governance structure with two boards – the supervisory board led by brothers Raj Menda and Manoj Menda and the family’s second generation, Sidharth and Mihir, and an executive board comprising non-family senior leaders from diverse industry backgrounds overseeing each of the firm’s businesses.
ShareChat owner aims to double ad revenue in 2023
Mohalla Tech saw an almost threefold increase in ad revenue in 2021-22 to ₹212 crore. The company, whose revenue more than quadrupled to ₹347 crore and losses increased 2.3 times to ₹2,988 crore, is attempting to reduce cash burn and increase monetisation.
Navigating the Corporate Waters: The Essence of Effective Leadership
Effective leadership is crucial for the success of any business or organization. Leaders play a significant role in shaping the identity, culture, and direction of a company. Their decisions can have a profound impact on team morale, conduct, and overall success. The landscape of leadership has evolved over time, with various styles and approaches such as autocratic, laissez-faire, transactional, participative, and transformational.
Flix, Europe's biggest bus operator and owner of Greyhound, to enter India in early 2024
Flix is Europe's top intercity bus operator. It also owns popular American bus service Greyhound. The company expects to launch its first inter-city green lines in early 2024. It seeks to connect major hubs in India. The company is planning to expand into the interiors at a later stage as part of scale-building.
Facebook owner Meta slashes business teams in final round of layoffs
Dozens of employees working in teams such as marketing, site security, enterprise engineering, program management, content strategy and corporate communications took to LinkedIn to announce that they were laid off.
Intel, Boston Consulting Group team to sell AI to corporate customers
Intel Corp and Boston Consulting Group on Wednesday said they are working together to sell generative artificial intelligence tools to big businesses.
Top five midlife career options that you can bank on
Individuals who are in their early 40s or 50s must understand that they have an arsenal of skills, experience, knowledge and qualifications to monetize. All they require is the courage to accept that “it’s time to quit and pursue that passion project”. Now, quitting doesn’t imply that you are running away from challenges. It only means that you don’t find certain battles worth fighting for; hence, it’s high time to navigate a new career path.
Musk in Murdoch's company! Super Bowl pic of Twitter owner with media mogul sparks off 'business deal' rumours
After Twitter takeover, will Musk now disrupt the print & digital media ecosystem? Time will tell.
WPL: Big leap for women’s cricket in India
With Rs 951 crore paid for broadcast rights and Rs 4,669 crore for the five franchisees, women’s cricket now has an identity of its own. Though equality is still some distance away, the intent seems right, and the market has responded well with leading corporates coming forward to invest in the women’s game.
Ex-Andaman chief secretary's grilling over 'gang rape' continues for 7 hours
The police inspector was also interrogated by the SIT on Friday. Narain was brought to the Police Lines in the morning for questioning which is continuing for over seven hours, the official said. He was taken inside the Police Lines in Port Blair through a rear door to avoid protesters.
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