KALYANI

Pune Porsche crash: Juvenile's father booked in one more cheating case

Another case of cheating has been registered against the father of the minor boy involved in the Porsche car crash in Pune on May 19. Two IT professionals were killed in the crash. The father, a real estate developer, along with others, is already in jail in connection with the incident. The new case stems from a complaint filed by a resident claiming the father did not allot open space to a residential society and developed additional wings without consent. The complaint led to the registration of an offense under relevant sections of the IPC and Maharashtra Ownership Flats Act.

Father, grandfather of juvenile in Porsche crash case booked for cheating, criminal intimidation

A cheating and criminal intimidation case was filed against the father and grandfather of the juvenile accused who caused a fatal accident in Kalyani Nagar, Pune, which garnered national headlines due to efforts to absolve the juvenile.

West Bengal Joint Entrance Examination results out, 99.63 pc clears test

An impressive 99.63% of 1,13,492 candidates passed this year's West Bengal Joint Entrance Examination (WBJEE), officials announced. Among the successful candidates, 34,342 are girls and 26,462 are from outside the state. Kingshuk Patra from Bankura Zilla School topped the list, followed by Subhradeep Paul and Bibaswan Biswas. North 24 Parganas had the highest number of qualifiers (10,489), followed by Purba Medinipur (7,331). Kolkata had 6,338 qualifiers. West Bengal Chief Minister Mamata Banerjee congratulated the successful candidates and encouraged those who did not qualify to stay determined.

Porsche crash case: Maharashtra CM Eknath Shinde has assured thorough probe, says deceased's MP-based father

Maharashtra Chief Minister Eknath Shinde has expressed grief over the May 19 Pune Porsche crash and promised the guilty will not be spared, the father of IT professional Ashwini Koshta, who was killed in the incident, said here on Saturday. An officer on special duty sent by the Maharashtra government to Jabalpur facilitated the talk over phone with CM Shinde, Ashwini's father Suresh Koshta told PTI.

Pune car crash: Police seek nod from Juvenile Justice Board to probe minor

Pune police seek permission from Juvenile Justice Board to probe minor involved in fatal Porsche crash in Kalyani Nagar. The 17-year-old, allegedly driving drunk, is in observation home till June 5.

Teen involved in accident gets quick bail with order to write essay; cops seek to try him as adult

In Pune, a teenager involved in a car accident that killed two people has been granted bail by the Juvenile Justice Board, which also ordered him to write a 300-word essay on road accidents and their solutions. The police, claiming the 17-year-old was drunk, intend to prosecute him as an adult. A case has also been filed against his father and the bar that served him alcohol. The accident occurred when the Porsche, driven by the teen, hit a motorbike, killing two IT professionals, Anis Awadhiya and Ashwini Costa.

Pune Accident: 2 bike riders killed by speeding Porsche driven by builder's juvenile son; Bystanders thrash driver, video goes viral

Pune Accident (Google Trends): In a tragic Pune accident, two bike riders lost their lives when a speeding luxury Porsche, reportedly driven by the son of construction company owner Vishal Agarwal, collided with their motorcycle. The incident occurred around 3.15 am in Kalyani Nagar. A viral video showed bystanders assaulting the driver, who was later handed over to the police. Authorities are investigating the case.

Bharat Forge shares jump over 9%, hit 52-week high on stellar Q4 show

For the full financial year, the profit after tax (PAT) jumped to Rs 910 crore, a 79% uptick over Rs 508 crore reported in the year-ago period. The consolidated revenue from operations stood at Rs 4,164 crore, a 15% YoY gain over Rs 3,629 crore reported in the year-ago period.

Baba Kalyani rejects claims of nephew, niece seeking family asset partition

Baba Kalyani filed his affidavit on Tuesday, stating that his nephew Sameer and niece Pallavi have no right to file and maintain a suit seeking partition of an alleged Kalyani Family HUF. According to him, the suit is filed by the siblings who by birth are members of the Hiremath family and, therefore, have no right to file and maintain a suit seeking partition of a Kalyani Family HUF.

Raiganj: Trinamool, BJP, and Congress lock horns in political switcheroo

In the Raiganj Lok Sabha constituency, a unique political showdown is underway as candidates switch sides. Trinamool's Krishna Kalyani, who defected from BJP, faces BJP's Kartick Paul, a former Trinamool member, and Congress' Imran Ali Ramz (Victor), a Forward Bloc descendant. While Trinamool aims to strengthen its grip, BJP seeks to regain lost ground. Victor, with a strong local base, adds to the intriguing contest. Raiganj, historically diverse, promises an exciting electoral battle on April 26.

Holding company stocks outpace returns of Sensex, Nifty by wide margins

Holding companies have significantly outperformed the benchmark index, Nifty over a longer investment horizon shows a study by Ways2wealth. The Nifty index showed compounded returns of 27%, 14% and 13% over a span of 1 year, 5 years and 10 years, while holding companies have given an average returns of 95%, 26% and 27%, respectively, during the period, according to the report. Here are top 8 picks suggested by the brokerage that signal an upside potential of more than 50%:

Tata Investment among 8 holding companies that have over 50% upside potential in 2-3 years

Holding companies’ index significantly outperformed the benchmark indices over a longer investment horizon. Specifically, it was observed that the outperformance accelerates during the market boom, as was evidenced during the periods of 2017-18 and 2023-24 when the index nearly doubled in a span of a year.

Amit Kalyani to become Vice-Chairman & Joint MD of Bharat Forge

Auto components major Bharat Forge has announced the promotion of Amit Kalyani, son of its Chairman and MD Babasaheb N Kalyani, as Vice-Chairman and Joint Managing Director. The decision was made during the company's board meeting on April 3, 2024. Amit Kalyani's re-appointment as a whole-time director, designated as "Vice-Chairman and Joint Managing Director," was approved for a further term of five years, starting from May 11, 2024, until May 10, 2029.

Kalyani Group: How a piece of paper triggered brother-sister dispute

A family feud within India's Kalyani Group has escalated, with sibling rivalry between Bharat Forge Chairman Baba Kalyani and sister Sugandha Hiremath over control of Hikal. Legal battles, ownership disputes, and boardroom struggles have unfolded, shedding light on the family's complex financial legacy.

Kalyani family feud deepens: Hiremath siblings move court for share in HUF assets

The ties between the Hiremaths and Baba Kalyani broke down over control of Kalyani Group company Hikal. The Hiremaths moved the Bombay HC in 2023 alleging that Kalyani wasn't honouring a family arrangement he had reached with his father that pledged to transfer all the Hikal shares to them. Baba Kalyani said the family arrangement of 1994 was just a "note" by his father Neelkanth Kalyani and not a legally binding document. The case is pending in court.

Dalal Street minions caught in a bear trap, over 200 smallcaps see double-digit fall in Feb

Smallcap stocks on Dalal Street fell in February due to frothy valuations and selling. SEBI raised concerns and asked mutual funds to protect investors. Stocks like Sula Vineyards, Jubilant Industries, and others had significant price movements.

AIIMS Kalyani has no environmental clearance: Bengal PCB says ahead of inauguration by PM

AIIMS Kalyani lacks environmental clearance and faces penalty. It applied for exemption, but state government lacks authority. PM to virtually dedicate AIIMS hospitals. Governor, Union AYUSH Minister, union ministers to present. Construction started before clearance obtained. WBPCB filed case. AIIMS Kalyani OPD operational since 2019.

PM Modi to inaugurate six new AIIMS across India on Feb 25

Kalyani Steels signs MoU with Odisha govt for manufacturing unit, to invest Rs 11,750 cr

Kalyani Steel Ltd has signed an MoU with the Odisha government to set up a manufacturing facility in Gajamara, Dhenkanal district, with an investment of Rs 11,750 crore. The project will create 10,000 job opportunities in titanium metal, aerospace, automotive components, and advanced speciality steel.

Kalyani Group to invest Rs 26,000 crore in Odisha

The state cabinet on Monday evening approved a special incentive for the unit as it is going to be the first aerospace and defence manufacturing complex in Odisha, Chief Secretary P K Jena said while briefing media persons in Bhubaneswar.

Bharat Forge expects rapid growth in e-mobility and aerospace businesses

Bharat Forge expects significant growth in its electric mobility and aerospace businesses due to rapid electrification in the automobile sector and a strong order book. The company's deputy managing director, Amit Kalyani, stated that these businesses will become multi-million dollar verticals over the next five years. Bharat Forge's e-mobility arm, Kalyani Powertrain Limited, recently unveiled a retrofitted electric truck that can be installed in existing diesel or compressed natural gas-powered vehicles at half the cost of a new electric truck. The company aims to sell thousands of these retrofitted units annually.

Kalyani Steels emerges successful bidder for Kamineni Steel assets

Kalyani Steels Ltd has emerged as a successful bidder to acquire assets of Kamineni Steel and Power India, under liquidation. Part of over USD 3-billion Kalyani Group, Kalyani Steels is a leading manufacturer of forging and engineering quality carbon and alloy steels using the blast furnace route.

India to export air defence system to Armenia

India is set to export its homegrown Akash anti-air system to Armenia, expanding its export portfolio to include rocket launchers, artillery guns, ammunition, and drones. The delivery, part of a Rs 6,000-cr deal with Bharat Dynamics Limited, is imminent. The Akash system, utilized by the Indian Armed Forces, is also offered to Vietnam and the Philippines.