Latest news with #Delhi
Reuters
a day ago
- Business
- Reuters
Indian e-cab provider BluSmart enters insolvency amid corporate governance challenges
July 29 (Reuters) - Indian electric cab firm BluSmart has entered insolvency, an order from a company law tribunal showed, amid mounting corporate governance issues after a regulatory probe alleged its co-founder diverted funds meant for vehicle purchases. BluSmart suspended operations in April after India's market regulator barred co-founder Anmol Jaggi from the securities market. The ban followed allegations that Jaggi diverted funds from his publicly listed affiliate, Gensol ( opens new tab, for personal use—including the purchase of a $5 million luxury apartment and a golf set worth $30,379. The National Company Law Tribunal admitted insolvency proceedings against BluSmart, following a petition filed by financial creditor Catalyst Trusteeship on May 13, according to the tribunal's order dated July 28. The creditor alleged that BluSmart defaulted on multiple payments totaling 12.8 million rupees (around $147,500), saying it had received no response or repayment from the company, the order showed. In response, BluSmart argued that the petition was premature. The tribunal also noted that the company's principal debt exceeded 10 million rupees, the threshold over which the corporate insolvency resolution process can be initiated. It appointed NPV Insolvency Professionals as the interim resolution professional to oversee proceedings. It also stated that insolvency would take effect from the date of the order, marking the formal start of creditor claims, asset evaluation, and potential restructuring or liquidation under the insolvency and bankruptcy code. ($1 = 86.7810 Indian rupees)
Reuters
a day ago
- Business
- Reuters
Russia-backed Nayara taps Indian IT firm after Microsoft suspends service, sources say
NEW DELHI, July 29 (Reuters) - Russia-backed Indian refiner Nayara Energy, recently sanctioned by the European Union, has turned to domestic firm after the U.S. tech giant Microsoft (MSFT.O), opens new tab suspended IT services, three sources familiar with the matter said. Nayara, which has condemned the sanctions, said on Monday it had filed a case against Microsoft in the Delhi High Court over its withdrawal of services. Nayara, a major buyer of Russian oil that is 49% owned by Russian oil major Rosneft ( opens new tab, has struggled with disruptions since coming under European Union sanctions this month targeting Russia over its war in Ukraine, including trimming refinery runs. Sources told Reuters that since last Tuesday, Microsoft had halted services for Nayara, and that employees' Outlook email and Teams messaging accounts had not been working. The service can facilitate communications among Nayara employees but cannot retrieve data and previous emails stored on Microsoft's cloud, sources said. The sources spoke on condition of anonymity as they were not authorised to speak to media. Nayara and Rediff did not immediately respond to requests for comment. Mumbai-based Rediff offers online consumer services and also provides cloud-based email services for businesses.
Yahoo
a day ago
- Business
- Yahoo
Witness the Convergence of Furniture, Skill, and Design at INDEXPLUS Delhi 2025
Discover 200+ brands and global innovations in furniture and interiors Experience live skill zones and design showcases Engage with international manufacturers including key participation from Poland NEW DELHI, July 29, 2025 /PRNewswire/ -- INDEXPLUS Delhi 2025, India's premier trade fair for furniture, interiors, and design, will take place from 1–3 August at Yashobhoomi (IICC), Dwarka, New Delhi. Organized by NuernbergMesse India, the exhibition will feature 200+ leading furniture and interior brands, curated experiences, and high-impact knowledge forums—reinforcing Delhi's growing stature as a hub for furniture manufacturing, design excellence, and product development. Delhi-NCR has outpaced Mumbai and Hyderabad, recording ₹1.53 lakh crore in residential sales and 81.7 MSF (million square feet) in commercial office leasing in 2024. This surge in real estate activity continues to drive robust demand for modular furniture, sustainable interiors, and turnkey solutions. Valued at $24 billion in 2024, India's domestic furniture market is projected to reach $44 billion by 2033, reflecting a robust compound annual growth rate (CAGR) of around 6.4%. Consumers are moving beyond utility, seeking ergonomic, space-saving, and environmentally responsible products tailored to urban lifestyles and hybrid workspaces. INDEXPLUS Delhi reflects this shift with a showcase across residential, commercial, and institutional interiors, featuring latest innovations from both Indian and international manufacturers. "At INDEXPLUS Delhi, we're bringing together the entire furniture ecosystem—from manufacturers and designers to industry associations, key buyer groups, and international participants. It's a platform that fosters growth and strengthens connections across India's dynamic furniture sector," said Sonia Prashar, Chairperson of the Board and Managing Director, NuernbergMesse India. Highlights at INDEXPLUS DELHI This year, the event also features significant participation international participation, especially from Poland, spotlighting advancements in materials, manufacturing, and modular design. Knowledge-sharing takes centre stage through the IFJ Plus Conversations on Design—a curated conference series exploring sustainable luxury, BIS certification, and the future of workspaces, featuring some of India's leading Architects. The Design Atelier Pavilion, co-organized with the Furniture & Fittings Skill Council (FFSC) will bring together craftspeople, design students, and manufacturers for live builds, workshops, and collaborative demonstrations. Special zones at INDEXPLUS Delhi include: Kudos Gallery – Showcasing architectural brilliance with standout displays by top and emerging architects. Innovative Workspace Lab – Next-gen office furniture from Indian and global brands Trends Design Showcase – 2025's top furniture and décor trends from upcoming brands The event is further supported by Association of Furniture Manufacturers & Traders, Jodhpur Handicrafts Exporters Association, Federation of Rajasthan Handicrafts Exporters, India Sleep Products Federation and Moradabad Exporters Handicrafts Association. INDEXPLUS 2025, Delhi edition is expected to attract over 10,000 trade visitors, including architects, designers, dealers, retailers, procurement heads, and project consultants. For more information log on to: Logo: View original content: Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Time of India
a day ago
- Business
- Time of India
Trump cuts ceasefire deadline for Russia, slams Israel's Gaza claims during UK visit
US President Donald Trump's visit to Scotland turned into a whirlwind of diplomatic headlines. From rebuking Vladimir Putin to criticizing Israeli leadership over Gaza's starvation crisis, the president made waves during talks with UK Prime Minister Keir Starmer, while also defending himself over Epstein rumors and touting a new trade deal. While meeting UK Prime Minister Keir Starmer in Scotland , Donald Trump cut his deadline for Russia to negotiate a Ukraine ceasefire and criticized Israel's denial of Gaza starvation. Explore courses from Top Institutes in Please select course: Select a Course Category PGDM Digital Marketing Product Management Data Science Others others Public Policy MCA MBA Healthcare Management Operations Management Project Management Degree Finance Technology Cybersecurity CXO Leadership Data Analytics Design Thinking healthcare Artificial Intelligence Data Science Skills you'll gain: Financial Analysis & Decision Making Quantitative & Analytical Skills Organizational Management & Leadership Innovation & Entrepreneurship Duration: 24 Months IMI Delhi Post Graduate Diploma in Management (Online) Starts on Sep 1, 2024 Get Details During his high-profile meeting with UK Prime Minister Keir Starmer at a golf resort in Scotland, President Donald Trump made it clear he's tightening the pressure on Moscow. Trump revealed Monday that he is no longer willing to wait 50 days for Vladimir Putin to agree to a ceasefire in Ukraine, he now wants results within 10 to 12 days. ALSO READ: Rare Derecho threat looms over South Dakota as historic windstorms return Why did Donald Trump cut Russia's ceasefire deadline short? 'I'm disappointed in Putin,' Trump said bluntly, signaling a tougher stance than previously expected. The president, who has long teased his ability to broker peace swiftly in Ukraine, appears to be ramping up the urgency in what he calls 'peace through strength.' Ukrainian officials, including President Zelensky's chief of staff, Andriy Yermak, have praised Trump's firm approach, as per a report by CNN. Live Events What is Donald Trump's stance on the Gaza starvation crisis? Trump also took a surprising turn when the topic shifted to the war in Gaza. Rejecting Israeli Prime Minister Benjamin Netanyahu's claim that 'there is no starvation in Gaza,' Trump said the U.S. would be opening food centers in the region. 'That's real starvation stuff,' he said, acknowledging the widespread reports of humanitarian suffering. It marks one of his most pointed critiques of Israeli leadership to date. ALSO READ: Pentagon in chaos: Pete Hegseth's last-minute flip sparks showdown with Donald Trump's top general What else did Donald Trump address during his Scotland visit? The visit wasn't without controversy. Trump, still facing questions about a 2003 letter reportedly sent to Jeffrey Epstein, used the trip to distance himself from the disgraced financier. He denied any involvement with the letter and continued to label it as fake, pushing back against renewed media attention on the story. Donald Trump also praised a recently announced U.S.–EU trade framework, calling it 'the biggest deal ever made.' While light on specifics, the agreement has been positioned as a relief measure for both American and European economies, signaling renewed alignment across the Atlantic. From pressuring Putin to criticizing Israel and brushing off Epstein-related scandals, Trump's time in Scotland proved he's still commanding headlines across continents, and still shaping international discourse on war, diplomacy, and justice. FAQs How long did Donald Trump give Russia to reach a ceasefire? Trump reduced his initial 50-day ceasefire deadline to 10-12 days. What has Donald Trump said about Gaza's starvation crisis? He disputed Israel's claims and stated that the United States will establish food centers in Gaza.
GSM Arena
2 days ago
- GSM Arena
vivo V60 teaser campaign starts, battery capacity and colors revealed
vivo's V60 is landing in India next month, though recent rumors have been contradictory with regard to the actual launch date - it's either August 12 or August 19, apparently. We've seen the handset in leaked renders not long ago, and today the brand itself has started the teaser campaign for the V60. According to vivo's dedicated microsite, the portrait capabilities will be front and center, and the V60 is co-branded with Zeiss. It will be "India's slimmest smartphone with a 6,500 mAh battery", vivo has officially revealed, and will have a slim profile making it easier to hold. vivo V60 official image It will be offered in Auspicious Gold, Moonlit Blue, and Mist Gray. It sports an equal-depth quad-curved screen too, and these are all the details that vivo has outed so far. vivo V60 official images showing all three colors Past rumors have claimed it's powered by the Snapdragon 7 Gen 4 SoC, and will boast a 6.67-inch AMOLED screen with "1.5K" resolution, 120 Hz refresh rate, and 1,300-nit peak brightness, a triple rear camera setup (50 MP main, 50 MP periscope telephoto with 3x optical zoom, and 8 MP ultrawide), as well as a 50 MP selfie snapper. The 6,500 mAh battery will allegedly charge at up to 90W, and the phone should also have an in-display fingerprint sensor and stereo speakers, along with IP68 and IP69 ratings for dust and water resistance. By the looks of it, this seems to be a rebranding of the Chinese vivo S30.
