Connect with us

ED notice to Paytm parent over Rs 611 crore Fema violation – The Times of India

Published

on

ED notice to Paytm parent over Rs 611 crore Fema violation – The Times of India


NEW DELHI: The Enforcement Directorate (ED) has issued a show-cause notice to One97 Communications, the parent company of Paytm, over alleged violations of the Foreign Exchange Management Act (Fema) in transactions amounting to Rs 611 crore.
The notice, dated Feb 27, cited alleged contraventions between 2015 and 2019 related to Paytm’s acquisition of two subsidiaries, Little Internet and Nearbuy India.
The company disclosed the development in a regulatory filing on Saturday, stating that it is currently seeking legal advice and evaluating its options to address the allegations.
Paytm acquired Little Internet and Nearbuy India in Dec 2017 as part of its strategy to expand its presence in offline commerce.
According to the ED’s notice, the alleged violations pertain to investment transactions involving One97 Communications and its subsidiaries.
Paytm has said that some of these transactions predate its ownership of the two companies, suggesting that a portion of the alleged contraventions occurred before they became subsidiaries of One97 Communications.





Source link

Lifestyle

Dia Mirza sets the record straight on supporting Fawad Khan’s return to Bollywood: ‘… STOP misrepresentation of facts’ | – The Times of India

Published

on


Dia Mirza clarified her supportive comments regarding Fawad Khan’s Bollywood comeback in ‘Abir Gulal,’ emphasizing they were made before the Pahalgam terror attack. The film faces backlash and potential release delays due to rising tensions and FWICE’s ban on Pakistani artists. Theatre owners are hesitant to screen the film amid security concerns.

Pakistani actor Fawad Khan’s Bollywood comeback film Abir Gulal is facing trouble after the recent terror attack in Pahalgam. Amid this, Dia Mirza’s supportive comments about his return, made during a News18 interview, drew attention. She has now clarified that her remarks were made before the tragic incident.
Dia Clarifies Her Statement on Instagram
Dia took to Instagram to share a note, clarifying that her statement supporting Fawad Khan was made much before the terror attack took place. She wrote, ‘o Members of the Media, STOP misrepresentation of facts. I did an interview for a film of mine on the 10th of April, in which I gave a quote, long before this horrific terror attack. Stop circulating my quotes NOW, weeks after and out of context. This is unethical and deeply offensive.’Dia’s Original Comment on Fawad Khan’s Comeback
During a promotional interview for her film, Dia shared her support for Fawad Khan’s return to Bollywood. She emphasized that art should be seen as a tool for peace and unity, not something influenced by hate or politics. She also expressed hope for more cross-border collaborations in the future.
Terror Attack in Pahalgam Sparks Backlash Against the Film
On April 22, a deadly terror attack on tourists in Pahalgam left the nation in shock, with 26 people killed and many others injured. After the tragedy, Fawad’s film Abir Gulal faced backlash, with calls to stop its release. On Wednesday, the Federation of Western India Cine Employees (FWICE) demanded a ban on the film. They also announced a complete non-cooperation with Pakistani artists, singers, and technicians in the Indian entertainment industry and promised to take all necessary steps to block the release of Abir Gulal in India.

Theatres Reluctant to Screen Abir Gulal
According to report in HT, theatre owners are hesitant to screen Abir Gulal due to fear of backlash. While the production team is trying to convince them, a May 9 release now seems unlikely. The release may be postponed, as cinemas are currently unwilling to show a film starring a Pakistani actor.





Source link

Continue Reading

INDIA

Fever affect children in Andhra Pradesh’s Neredubandha; tribals demand holding of medical camp in village

Published

on


CPI(M) district secretariat member K. Govinda Rao said the tribal people have decided to stage a protest with ‘dolis’ at the Primary Health Centre. File
| Photo Credit: Special arrangement

As many as 13 children are suffering from fever for the past few days at Neredubandha, a hilltop tribal hamlet of Cheemalapadu panchayat of Ravikamatham mandal in Ankapalli district, in Andhra Pradesh.

Girijan Sangham leaders have sought immediate visit by district-level officials and holding of a health camp to treat the children.

The tribal people say that there are 14 tribal families, belonging to the Particularly Vulnerable Tribal Group (PVTG) ‘Kondh’ tribe, who have been living there since long. Children have been suffering with fever for the past three days. The village has no ASHA worker or an Anganwadi Centre. The children have to trek 6 km every day to reach their school at Z. Zogumpeta and back. They said that one of the children Killo Prabhas was already admitted to the Area Hospital at Narsipatnam while the remaining were suffering with fever in the village.

The officials have not undertaken malathion spraying in the hamlet on the plea that the name of the village is not in their records, say Pangi Chandrayya, Girijan Sangham district president, PVTG Sangham president Gemili Vasu. This was resulting in the proliferation of mosquitoes and spread of viral fevers.

CPI(M) district secretariat member K. Govinda Rao said the tribal people have decided to stage a protest with ‘dolis’ at the Primary Health Centre (PHC), if a medical camp was not organised in the village by the end of this week. He appealed to the Collector to visit the village and do justice to the people.



Source link

Continue Reading

Lifestyle

Soul tunes at the Mango Showers Festival debut in Bengaluru

Published

on


A scene from Jack and the Beans Talk
| Photo Credit: Special Arrangement

It is that time of year when the mango showers fall, bringing a welcome respite from the heat and a promise of fragrant, wholesome summer fruits. While one cannot predict the rain these days, the city’s music lovers can certainly enjoy the Mango Showers Music Festival — a three-day programme with a mixed bag of events.

When it was established in 2011, the primary purpose of the Majolly Music Trust was to aid aging musicians who were unable to land or perform gigs anymore. However, the Mango Showers Music Festival is a fundraiser to launch their newest initiative — a scholarship fund for students who want to study music but cannot afford to.

According to Neecia Majolly, founder of the Trust, a scholarship fund was always on their cards. “When it comes to Western classical music, there are no institutions in India for higher studies and students have to go abroad to pursue their passion,” Neecia says. “Now, this is not cheap and banks do not offer loans for music studies as they feel they are not a financially viable cause.”

Neecia says watching one of her own students run from pillar to post a few years ago, to raise the cash for her education, spurred her to get this fundraiser up and running. She does admit that while the event may not generate enough funds to cover the entire tuition for every aspiring student, it could ease their burden and raise awareness, hopefully benefiting more students over time.

Andreas Konig
| Photo Credit:
Special Arrangement

“All proceeds from the Mango Shower Music Festival will go towards the scholarship fund.”

Bengaluru-based musician Joey Sharma, who will be performing at the festival, says he and his band were glad to be part of the initiative when Neecia approached them a few months ago. “We’ll be playing a genre of music called gypsy jazz, a style pioneered by Django Reinhardt, a Belgian guitarist,” he says, adding that audiences could expect melodies “reminiscent of Woody Allen movies with a modern touch.”

A musical titled Jack and the Beans Talk, with an original score and script will be presented, as well as a performance by German pianist Andreas Konig. Andreas who will be presenting a Western classical piano recital on April 27, will also be conducting a master class with piano students at Odyssey School of Music, earlier in the day.

The Mango Shower Music Festival will take place from April 25-27.Donor passes cost ₹449, ₹225 for children below eight years. For bookings and other details call 8494930941

Let the music play

Day 1: Joey Sharma Quartet will perform at the Alliance Francaise de Bangalore, at 7pm
Day 2: Original musical Jack and the Beans Talk at Medai, Koramangala, at 5pm and 7pm
Day 3: German concert pianist Andreas Konig to perform at the Alliance Francaise de Bangalore, at 7pm



Source link

Continue Reading

Trending

Copyright © 2025 Republic Diary. All rights reserved.

Exit mobile version