Latest news with #Rau
LeMonde
19-07-2025
- Entertainment
- LeMonde
Avignon staging of Pelicot trial brings theater of the real to a new height
Four hours of breathless intensity. Rarely have we witnessed such focus, such unity between actors and audience, such a sense of urgency in a theater. Bringing the landmark Pelicot rape trial to the stage requires meeting the gravity of a historic legal moment. That was certainly the case on Friday, July 18, in Avignon, during this one-off performance presented by Swiss director Milo Rau. His show, Le Procès Pelicot ("The Pelicot Trial"), will remain in the annals as a model for what theater of the real can be. How could four months of courtroom proceedings that deeply shook French society and reverberated far beyond its borders be condensed into four hours on stage? How could all traces of spectacle or sensationalism be avoided? Rau and his dramaturge, Servane Dècle, answered these questions with unwavering rigor and absolute faith in the power of theater, an art form intrinsically tied to justice since its Greek origins. Just a stone's throw from the Avignon courthouse where the trial was held, the Cloître des Carmes, a major venue of the festival, served as the perfect setting to replay the trial's pivotal moments and to reflect on the unfathomable events that unfolded over more than a decade in a quiet village in southern France. No set was needed; everything unfolded through spoken word. On a bare stage, two rows of wooden benches positioned at stage left and right, as in a courtroom, held the actors dressed in dark colors. At center stage, a small table behind which two actresses stood, serving as both narrators and as the presiding judge and vice president of the court.
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Business Standard
07-07-2025
- Business
- Business Standard
Central Bank stake to double bancassurance for company: Future Generali MD
The stake acquisition by Central Bank of India in Future Generali India Insurance is expected to double sales through the bancassurance channel from the existing 6–7 per cent over the next three to five years, Anup Rau, Managing Director (MD) & Chief Executive Officer (CEO) of the company, said. 'Bancassurance typically accounts for around 6 per cent of the general insurance industry's overall business. For Future Generali also, the share of banca is currently around 6–7 per cent. The company hopes to double the share of bancassurance to total business to close to 10–12 per cent in the next three to five years,' Rau said. State-owned Central Bank of India acquired a 24.91 per cent stake in Future Generali India Insurance for ₹451 crore. The acquisition was completed on 4 June 2025 and the bank has received approval from the Competition Commission of India (CCI), Reserve Bank of India (RBI) and Insurance Regulatory and Development Authority of India (Irdai). The remaining stake is held by the Italy-based Generali Group. The bank partnership is also expected to provide access to its wide customer base and an opportunity to expand into remote and rural areas of the country, which will further boost business growth for the company. The multi-line general insurer ended the financial year 2025 with ₹5,408.16 crore in gross written premium, which it targets to grow to ₹10,000 crore by FY30. 'We will grow faster than the industry. If the industry is going to grow at 10–12 per cent, we will go higher. Among the top 10 players, we were the third fastest growing last year. The Central Bank makes it possible for us to reach remote corners of the country and having a brick-and-mortar structure makes it possible to penetrate the smallest panchayat. I think we'll continue to be among the fastest growing ones. We aim to touch the ₹10,000 crore premium mark by FY30,' Rau said. The insurer recorded 10 per cent growth in FY25, outperforming the industry, which grew 6.5 per cent during the year amid the new accounting norms and muted performance in the health and motor segments. Going forward, the company aims to maintain above-industry growth, even as the sector continues to adjust to revised accounting practices.
Time of India
05-07-2025
- General
- Time of India
Old Rajendra Nagar deaths: Flooded once, forgotten forever? Year on, drainage clogged. And so is the system
Coaching centre in Old Rajender Nagar where three UPSC aspirants died due to drowning NEW DELHI: The monsoon clouds gather over Delhi once again, but in the lanes of Old Rajendra Nagar, they carry more than just the promise of rain. They bring back memories of a tragedy that changed this bustling student hub - July 27, 2024, when three young civil services aspirants drowned in the basement library of Rau's IAS Circle coaching centre. Right in front of the building where the basement flooded last year, Rajesh Kumar Yadav runs his litti chokha stall. A year after the tragedy, he vividly recalls the event of that evening. "This whole lane was like a pond," he said, pointing to his stomach to indicate how high the water had risen. "There were some students in the basement library when the gate and the street's sloped layout caused rainwater to pool and flow into the basement. You Can Also Check: Delhi AQI | Weather in Delhi | Bank Holidays in Delhi | Public Holidays in Delhi "Paani andar aya ekdum se, unhe bahar nikalne ka mauka hi nahi mila," Yadav recalled. He instinctively grabbed an empty pipe and pushed it into the basement, hoping his voice would carry. He and others also used the same pipe to pull out students but for the unfortunate three. When TOI visited the building recently, it found the pipes used to pump out water lying abandoned. The building has been put up for rent, and, according to the locals, just 15-20 days ago, a new entry gate was installed, eerily similar to the old one that broke open and unleashed the flood. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Is your tinnitus getting worse? Do this immediately (Watch) Hearing Magazine Undo A hoarding announces that ex-Rau's faculty are opening a new coaching centre. Close by, another hoarding makes similar promises, and while it is again a new coaching centre, it claims being run by ex-Rau faculty. Recently erected brick walls now stand in an attempt to prevent rainwater from flowing into the basement again. The new drainage system laid in the area already shows signs of neglect. Trash-filled and clogged with construction debris, the drain in front of the building portends another monsoon disaster. The tragedy has reshaped Old Rajendra Nagar's daily rhythm. The closure of basement libraries has led to a dramatic increase in prices for the remaining study spaces. The basement libraries were popular because they were affordable, but their closure has given other operators an opportunity to exploit the tragedy. "For a corner seat in the library, the monthly charges are Rs 4000-5,00. Other seats cost something else," a 32-year-old student said. "We live in cramped rooms on rent so the only way to study is at a library." At Shree Ram photocopy stall, Srikant, 29, stands amid stacks of UPSC books and stationery, but the footfall has diminished. "Before the incident, around 150 students came here daily. Now, barely 30," he claimed. Prem and Lata, an elderly couple who runs grocery shop from their house, have a similar story. "After the tragedy, hardly any student stops by," said Lata. "Kisi maa baap ke bacche chale gaye. That day is unforgettable. " The couple's son Gautam has a different perspective on life after the event. "The so-called basement libraries may have shut down and children living in paying guest accommodations evacuated, but the construction of lower ground floor homes and shops is still permitted and they can also become death traps." Anxious parents across the country called their children back home, unwilling to risk their safety. Garima, 19, and Kashish, 19, of Bihar and Punjab, respectively, were living in a basement PG at the time of the incident. "We were evacuated like sheep the morning after, with police checking everything," Garima recalled. "We had to immediately change our PG." Students highlighted how the drowning deaths had fundamentally altered youngsters' approach to their preparation. The lanes that were once filled with students discussing strategies outside coaching centres now wear a deserted look. "Many students have opted for online classes and they have also decided to shift to Shadipur after what happened in Old Rajendra Nagar last year," revealed Sanket. The exodus to Shadipur represents more than just a change of address - it's a vote of no confidence in the safety and infrastructure of the old coaching hub. Parag, 21, of Rajasthan was present in the area on that fateful day. "The entire building of my coaching centre was shaking due to the nonstop rains. Lectures were going on when they suddenly shut everything and asked us to immediately leave the building. I later learned of the three deaths." The Central Bureau of Investigation filed the chargesheet on Sept 26, 2024, naming six individuals: Rau's IAS CEO Abhishek Gupta, coordinator Deshpal Singh and the four co-owners of the basement. On Feb 10, this year, a Delhi court granted bail to Gupta and Singh. With trial under way, for the families of Shreya Yadav of UP, Tanya Soni of Telangana and Nevin Delvin of Kerala, the wait for justice continues - a monsoon later. With inputs by Khushi Bhuta
Time of India
04-07-2025
- Climate
- Time of India
The Library That Drowned Three Futures: One Year Later, The Drainage Is Still Clogged — and So Is the System
New Delhi: The monsoon clouds gather over Delhi once again, but in the lanes of Old Rajendra Nagar, they carry more than just the promise of rain. They bring back memories of a tragedy that changed this bustling student hub — July 27, 2004, when three young civil services aspirants drowned in the basement library of Rau's IAS Circle coaching centre. Right in front of the building where the basement flooded last year, Rajesh Kumar Yadav runs his litti chokha stall. A year after the tragedy, he vividly recalls the event of that evening. "This whole lane was like a pond," he said, pointing to his stomach to indicate how high the water had risen. "There were some students in the basement library when the gate and the street's sloped layout caused rainwater to pool and flow into the basement. "Paani andar aya ekdum se, unhe bahar nikalne ka mauka hi nahi mila," Yadav recalled. He instinctively grabbed an empty pipe and pushed it into the basement, hoping his voice would carry. He and others also used the same pipe to pull out students but for the unfortunate three. You Can Also Check: Delhi AQI | Weather in Delhi | Bank Holidays in Delhi | Public Holidays in Delhi When TOI visited the building recently, it found the pipes used to pump out water lying abandoned. The building has been put up for rent, and, according to the locals, just 15-20 days ago, a new entry gate was installed, eerily similar to the old one that broke open and unleashed the flood. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Thị trường có dấu hiệu suy thoái không? IC Markets Đăng ký Undo A hoarding announces that ex-Rau's faculty are opening a new coaching centre. Close by, another hoarding makes similar promises, and while it is again a new coaching centre, it claims being run by ex-Rau faculty. Recently erected brick walls now stand in an attempt to prevent rainwater from flowing into the basement again. The new drainage system laid in the area already shows signs of neglect. Trash-filled and clogged with construction debris, the drain in front of the building portends another monsoon disaster. The tragedy has reshaped Old Rajendra Nagar's daily rhythm. The closure of basement libraries has led to a dramatic increase in prices for the remaining study spaces. The basement libraries were popular because they were affordable, but their closure has given other operators an opportunity to exploit the tragedy. "For a corner seat in the library, the monthly charges are Rs 4000-5,00. Other seats cost something else," a 32-year-old student said. "We live in cramped rooms on rent so the only way to study is at a library." At Shree Ram photocopy stall, Srikant, 29, stands amid stacks of UPSC books and stationery, but the footfall has diminished. "Before the incident, around 150 students came here daily. Now, barely 30," he claimed. Prem and Lata, an elderly couple who runs grocery shop from their house, have a similar story. "After the tragedy, hardly any student stops by," said Lata. "Kisi maa baap ke bacche chale gaye. That day is unforgettable. " The couple's son Gautam has a different perspective on life after the event. "The so-called basement libraries may have shut down and children living in paying guest accommodations evacuated, but the construction of lower ground floor homes and shops is still permitted and they can also become death traps." Anxious parents across the country called their children back home, unwilling to risk their safety. Garima, 19, and Kashish, 19, of Bihar and Punjab, respectively, were living in a basement PG at the time of the incident. "We were evacuated like sheep the morning after, with police checking everything," Garima recalled. "We had to immediately change our PG." Students highlighted how the drowning deaths had fundamentally altered youngsters' approach to their preparation. The lanes that were once filled with students discussing strategies outside coaching centres now wear a deserted look. "Many students have opted for online classes and they have also decided to shift to Shadipur after what happened in Old Rajendra Nagar last year," revealed Sanket. The exodus to Shadipur represents more than just a change of address — it's a vote of no confidence in the safety and infrastructure of the old coaching hub. Parag, 21, of Rajasthan was present in the area on that fateful day. "The entire building of my coaching centre was shaking due to the nonstop rains. Lectures were going on when they suddenly shut everything and asked us to immediately leave the building. I later learned of the three deaths." The Central Bureau of Investigation filed the chargesheet on Sept 26, 2024, naming six individuals: Rau's IAS CEO Abhishek Gupta, coordinator Deshpal Singh and the four co-owners of the basement. On Feb 10, this year, a Delhi court granted bail to Gupta and Singh. With trial under way, for the families of Shreya Yadav of UP, Tanya Soni of Telangana and Nevin Delvin of Kerala, the wait for justice continues — a monsoon later. With inputs by Khushi Bhuta
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Business Standard
27-06-2025
- Business
- Business Standard
Pine Labs CEO Amrish Rau may net ₹1,000 crore as firm files for IPO
As fintech major Pine Labs gears up for its initial public offering (IPO), its draft red herring prospectus (DRHP) highlights top executives' compensation and stock option windfalls, including that of chief executive officer (CEO) Amrish Rau. Rau's net worth is estimated to be between ₹850 crore and ₹1,000 crore following the IPO. The company was last valued at $5 billion during its 2022 fundraising round. He holds a 2.35 per cent stake in the company, translating into 17.76 million shares, and holds 24.96 million shares on a fully diluted basis. According to the DRHP, Rau is offloading up to 3.2 million equity shares in the offer for sale (OFS). Previous grants have enabled Rau to vest 7.19 million employee stock options (ESOPs). He also received 23.17 million shares—subject to shareholders' approval—between January and June this year. Rau's annual pay stands at ₹5.8 crore, including a basic salary of ₹3.8 crore and an annual incentive of ₹1.9 crore, among other components. During the financial year 2025 (FY25), he received ₹3.76 crore as CEO of Pine Labs Singapore, including a performance-linked bonus accrued for FY24 and paid in FY25. Meanwhile, Kush Mehra, executive director, president and chief business officer – digital infrastructure and transaction platform at Pine Labs, earns a gross annual salary of ₹3 crore. Mehra holds 4.06 million shares and is expected to offload 0.44 million equity shares in the OFS. Investors such as Peak XV Partners, Actis, Macritchie, PayPal, Mastercard, AIM Investment Funds and Madison India Opportunities IV, among others, are also expected to partially exit through the OFS. Peak XV will pare down its stake by selling the largest chunk—39 million shares—in the OFS. PayPal and Mastercard will offload 11.50 million and 10.04 million shares, respectively.
