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Shyam Maheshwari: Pioneering Innovations in Investment Management

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Shyam Maheshwari's Distinguished Career Shyam Maheshwari , the esteemed founder and partner of SSG Capital Management, emerges as a beacon of innovation and strategic acumen in the realm of investments. With an illustrious career spanning over 17 years, Maheshwari's journey from Lehman Brothers to his pivotal role in SSG Capital exemplifies his unwavering commitment to deal sourcing, meticulous analysis, and investment pursuits across diverse sectors. Strategic Focus at Ares SSG At the helm of Ares SSG's investment committee and holding a directorial position at Ares SSG Singapore, Maheshwari orchestrates a strategic focus on the origination and evaluation of investment prospects not only in India but also across broader Asian regions. His affiliation as an Associate Member at the Institute of Chartered Accountants of India underscores his professional stature and adds credence to his financial insights. Insights into Stressed Asset Resolution In his recent discourse, Shyam

Indian Chess Prodigies Shine Alongside Magnus Carlsen at Norway Chess

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The Norway Chess invitational tournament kicked off in Stavanger with a buzz surrounding not only world champion Magnus Carlsen but also the rising stars from India, including Praggnanandhaa, Vaishali, and Humpy. Himanshu Gulati, an Indian-origin member of Parliament with the Progress Party, poses with Praggnanandhaa and Vaishali ahead of the first day of the Norway Chess event. Garry Kasparov likened Norway Chess to Wimbledon for chess enthusiasts, and this year, the spotlight is on the Indian talents who are making waves in the chess world. Praggnanandhaa and Vaishali, accompanied by their mother, have garnered attention from fans and even Indian-origin Member of Parliament in Norway, Himanshu Gulati. Gulati expressed pride in India's chess prowess, acknowledging the dominance of Indian players on the global stage. Alongside veterans like Humpy Koneru, the Indian contingent faces a challenging field that includes world champions Ding Liren and Ju Wenjun, among others. The directo

PM Modi's Kolkata Roadshow; Rahul-Akhilesh Rally in Varanasi

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In today's political landscape, Prime Minister Narendra Modi gears up for a roadshow in Kolkata ahead of the final Lok Sabha election phase, while Rahul Gandhi and Akhilesh Yadav hit the campaign trail in Uttar Pradesh. Political leaders prepare for a day of rallies and roadshows across India. As Kolkata braces for the upcoming Lok Sabha elections, PM Modi is set to hold his first roadshow of this season. The roadshow, concluding at Swami Vivekananda’s ancestral home, holds significance amidst recent political controversies. Meanwhile, Rahul Gandhi and Akhilesh Yadav are scheduled to address campaign rallies in Uttar Pradesh. Their joint rally comes shortly after Congress General Secretary Priyanka Gandhi Vadra and SP leader Dimple Yadav's recent roadshow in Varanasi. In other political developments, Congress president Mallikarjun Kharge and Defence Minister Rajnath Singh engage in public meetings in Punjab, while Union Home Minister Amit Shah addresses rallies in Odisha. Addit

Wage Revision Impact Caps LIC Q4 Net Profit at Rs 13,762 Crore

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Life Insurance Corporation of India (LIC), the country’s largest insurer, reported a marginal 2.5% increase in standalone profit after tax for the quarter ended March 2024. The profit stood at Rs 13,762 crore, slightly up from Rs 13,427 crore in the same period last year. The impact of wage revision was a significant factor in the modest profit growth. Stacks of coins representing financial profit and loss Despite the flat quarterly profit, LIC’s board recommended a final dividend of Rs 6 per share for FY 2023-24, in addition to the interim dividend of Rs 4 declared earlier in the year. For the fiscal year ending March 31, 2024, LIC's profit after tax was Rs 40,676 crore, up from Rs 36,397 crore in FY2023. This improvement partly resulted from a change in accounting policy regarding the transfer of amounts from non-participating policyholders' accounts to shareholders' accounts, implemented in September 2022. LIC Chairperson Siddhartha Mohanty emphasized the company's s

Esha Deol's Nostalgic Moment: Wearing Salwar-Kurta on Koffee with Karan for Dad Dharmendra

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Esha Deol, who recently made her acting comeback with Ajay Devgn’s streaming series Rudra: The Edge of Darkness (2022), is embracing a new phase in her career with a desire to take on more diverse roles. Following her recent divorce from Bharat Takhtani after 11 years of marriage, Esha is reflecting on her past and looking forward to new opportunities. Actress Esha Deol with her father Dharmendra. In a recent interview, Esha reminisced about her appearance on the popular celebrity chat show Koffee with Karan almost two decades ago. She was reminded of her comments about failure and self-reflection made during that time. Reacting to this, Esha expressed surprise and amusement. “I said this back then? I don’t know why I spoke and gave so much philosophy then. I am getting myself in trouble with what I said then. I don’t think it resonates to what I am today,” she told India Today. While Esha may not recall the exact words she spoke during that interview, she vividly remembers her choice

SpiceJet Withdraws Appeal, Agrees to Return Leased Aircraft and Engines by June 17

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SpiceJet has withdrawn its plea against an order requiring it to return two leased aircraft and three engines to TWC Aviation Capital Limited. The Delhi High Court has granted the airline until June 17 to comply with the order, allowing some time to address operational concerns. SpiceJet contended before the single-judge bench that the UK court’s order was not enforceable in a lawsuit as per Section 13 of the Code of Civil Procedure. The issue dates back to a May 15 order from a single-judge bench, which emphasized that SpiceJet’s continued use of the aircraft and engines without adhering to the lease terms would cause significant harm to TWC. The court noted that failing to return and service the engines properly could lead to irreversible damage, impacting TWC’s ability to monetize them. Court Proceedings and Statements During the latest hearing, senior advocate Amit Sibal, representing SpiceJet, conveyed the airline’s decision to withdraw its appeal. The division bench of Justice Ra

Ritu Beri – A Trailblazer in the Global Fashion Landscape

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Early Life and Education Ritu Beri , born and raised in India, exhibited a passion for creativity from a young age. Her journey into the world of fashion began with a profound love for design and a keen eye for aesthetic detail. After completing her schooling, Beri pursued her dream by enrolling at the National Institute of Fashion Technology (NIFT) in New Delhi, a renowned institution affiliated with the Fashion Institute of Technology (FIT) in New York. It was here that Beri honed her skills and laid the foundation for her illustrious career in the fashion industry. Ritu Beri Pioneering Indian Fashion Armed with knowledge and determination, Ritu Beri embarked on her professional journey, establishing her eponymous fashion brand in India in 1990. With a vision to revolutionize Indian fashion and introduce it to the global stage, Beri set out to blend traditional craftsmanship with contemporary design sensibilities. Her innovative approach and exquisite creations quickly caught the att