Author: Team Admin

Shares of Kotak Mahindra Bank Ltd. fell on Tuesday after short-seller Hindenburg Research, in its response, alleged that Kotak Mahindra Investment Ltd. had created and oversaw an offshore fund structure used by Kingdon Capital Management LLC to bet against Adani Enterprises Ltd. “While SEBI seemingly tied itself in knots to claim jurisdiction over us, its notice conspicuously failed to name the party that has an actual tie to India: Kotak Bank, one of India’s largest banks and brokerage firms founded by Uday Kotak, which created and oversaw the offshore fund structure used by our investor partner to bet against Adani,”…

Goemkarponn desk PANAJIA roadside plastic vendor in Margao town has become the first individual in Goa to be booked under the freshly implemented Bharatiya Nyaya Sanhita (BNS), 2023, which came into force on Monday, a senior police official confirmed. At 11:28 am, an FIR was registered against the vendor, Sangappa Bandrolli, under BNS laws for selling plastic on the road and causing traffic obstruction at Rawanfond locality of Margao town, a state police source disclosed. The official stated that the 29-year-old was charged under BNS section 285, which penalizes causing obstruction or danger to the public. This FIR was the…

Goemkarponn desk Panaji: Aam Aadmi Party leaders on Monday met Goa Governor PS Sreedharan Pillai over what the party claimed was the deteriorating law and order situation in the state. An AAP delegation led by the party’s Goa unit chief Amit Palekar as well as MLAs Venzy Viegas and Cruz Silva met Pillai in the afternoon and submitted a memorandum. Talking to reporters outside Raj Bhavan, Palekar,”The governor was told about the declining law and order situation in the state, which is clearly visible in the incidents that are happening around the partial demolition of the house at Assagao.” Five…

Reserve Bank of India (RBI) on Monday announced that it has now joined Project Nexus with the four ASEAN countries to create a platform to facilitate instantaneous cross-border retail payments. Nexus, conceptualised by the Innovation Hub of the Bank for International Settlements (BIS), aims to connect India’s UPI (Unified Payments Interface), with the fast payment systems of ASEAN members — Malaysia, Philippines, Singapore, and Thailand. These four countries and India would be the founding members and first-mover nations of this platform, the RBI said. An agreement to this effect was signed by the BIS and the central banks of the…

Goemkarponn desk MAPUSA: Case has been filed against three women for offering massage services at Candolim Beach without proper authorization. As per official reports, the accused individuals were taken before the Deputy Director of Tourism at Panaji, Goa, and were found guilty of violating Section 3 of the Goa Tourist Places Protection and Maintenance Act 2001. They were ordered to pay a penalty of ₹ 25,000 each, which they failed to do, leading to the registration of an offence against them. The Deputy Director of Tourism, Kuldeep Arolkar, brought the incident to the attention of the police, resulting in action being taken…

Goemakrponn desk PANAJI: Goa’s Chief Minister, Pramod Sawant, conducted a comprehensive review of 358 budgetary proposals on Monday. He urged the concerned departments to promptly update the status of their projects on the budget portal to help track planned infrastructure development. During a meeting with secretaries and department heads, the Chief Minister deliberated on the progress of the recently announced budgetary initiatives. Pramod Sawant also unveiled plans to establish a monitoring mechanism similar to the Gati Shakti portal, aimed at ensuring comprehensive oversight of projects across various government departments. Emphasizing the importance of transparency, Sawant highlighted that this new system…

Goemkapronn desk PANAJI: The Goa Chief Minister, Pramod Sawant, has demanded an apology from Congress MP Rahul Gandhi for his recent comments about Hindus. Gandhi’s remarks in the Lok Sabha sparked outrage, with the Hindu Janajagruti Samiti (HJS) condemning him for portraying Hindus as violent. During the session, Gandhi took a swipe at the ruling BJP, claiming that those who identify as Hindus are continuously involved in “violence and hate”. These comments drew strong reactions from various quarters, including the Goa CM, who labelled the Congress as arrogant and condemned Gandhi’s remarks as a brazen insult to Hindus. Additionally, the…