Court rejects Saif's plea against move to label ancestral assets 'enemy property'
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India.com
17 minutes ago
- India.com
Days after getting married to Lauren Sanchez, Jeff Bezos gets richer by Rs 63000000000 due to…
Jeff Bezos, the founder of Amazon, has sold a major chunk of his Amazon shares within days after his wedding to Lauren Sanchez. According to a regulatory filing in the US and a report by Bloomberg, Bezos sold more than 3.3 million Amazon shares and earned around $736.7 million from the deal. This will value around Rs 6,300 crore in Indian currency. Why Jeff Bezos Sold Amazon Shares? This stock sale was actually a pre-planned agreement known as a 10b5-1 trading plan. It was already adopted by Bezos in March 2025. These trading plans allow top executives and insiders to sell company shares at scheduled times to avoid any concerns related to the insider trading. As per this plan, Bezos wants to sell up to 25 million Amazon shares by the end of May 2026. What Is Jeff Bezos's Net Worth Bezos, who is now the third-richest person in the world. According to Bloomberg Billionaires Index, he has sold share sales in the past. In 2023 also he sold around 75 million shares of $13.6 billion as per the same method. He had used this method to support other ventures like space exploration company, Blue Origin. His current net worth is around $241 billion. The timing of this latest stock sale was discussed more in the news because it happened after Bezos' wedding to Sanchez in Venice, Italy. The wedding ceremony, held for three days. Many celebrities from the world were invited for the same. According to media reports, the overall cost of the wedding events was around $50 million. Although the share sale happened after the wedding, it has no connection with it and was executed as part of his scheduled trading plan.
Time of India
30 minutes ago
- Time of India
Wayanad township to be ready by Dec: Rajan
Kozhikode: Revenue minister K Rajan said the homes for Mundakkai–Chooralmala disaster survivors at Elstone Estate township will be completed by Dec 2025. The township will house over 1,662 people in 410 homes. Of these, 140 people have each received a seven-cent plot. Rajan said the govt spent Rs 108 crore on survivor rehabilitation. He also instructed the use of more machinery to clear landslide debris from Punnapuzha. The minister said Rs 3.6 crore was allocated for Kudumbashree's micro plan and Rs 43.7 crore was spent on land acquisition at Elstone Estate. A total of Rs 13.3 crore was given as compensation to the families of 220 deceased people and Rs 15.6 crore was provided to 104 people as financial support of Rs 15 lakh each instead of housing. For livelihood support, Rs 10.1 crore was given to 1,133 people. Another Rs 20 crore was approved for running the township's special office. Emergency aid of Rs 1.3 crore and rental support of Rs 4.3 crore were also provided. The minister said foundation work of 51 homes is complete. Dynamic cone penetration tests were done for 54 homes and plain cement concrete work was finished in 41. Foundation work is in progress for 19 more homes. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like 5 Books Warren Buffett Wants You to Read In 2025 Blinkist: Warren Buffett's Reading List Undo Site preparation for the second phase of construction is progressing rapidly. Rajan said the model home will be completed by the end of July. At present, 110 workers are working on site and more labourers will be brought in soon to speed up the work, he added. Responding to the concerns raised by people in Padavettikunnu who are not on the township beneficiary list, the minister said their requests would be examined. He assured that the government would not abandon disaster-affected families. He said that a separate bank account was opened to handle all financial transactions related to construction of the township. A monitoring committee including the chief minister, the opposition leader and sponsor representatives is overseeing the full process to keep it transparent.
Time of India
an hour ago
- Time of India
Consumer court orders bank to pay Rs 30,000, waive loan for EMI deduction lapse
Jharsuguda: A consumer court in Jharsuguda has ordered a nationalised bank to waive the outstanding amount of a customer for service deficiency in handling EMI deductions for a term loan. In its order on Wednesday, the District Consumer Disputes Redressal Commission also directed the bank to pay Rs 30,000 as compensation along with Rs 10,000 in litigation expenses to the complainant. The case stemmed from a Rs 5.8 lakh term loan availed by Entkhab Alam of Belpahar and his wife, Mushrat Parween, under a bank scheme in 2009. Despite maintaining sufficient balance in their savings account, the bank failed to deduct EMIs from Nov 2012 to July 2014, resulting in accumulated interest and penal charges. Alam had lodged the complaint before the commission against the bank's Brajarajnagar branch and its Sambalpur zonal office on Nov 18, 2024. The commission, headed by president Jigeesha Mishra and member Anju Agarwal rejected the bank's argument that no auto-debit consent was provided by the complainant. The ruling cited RBI guidelines that prohibit charging penal interest on late EMI payments, particularly when partial payments were made to protect the property. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like 2025년부터 울산주민은 임플란트할때 '49만원' 혜택받는다. 울산심플치과 더 알아보기 Undo "The bank's failure to issue timely EMI instructions and subsequent charging of unnecessary penal interest clearly amounts to service deficiency," the commission stated in its order. The bank has been directed to issue a no-objection certificate within one month. Non-compliance will attract 12% annual interest on the awarded amount until realisation.
