Latest news with #Sanghi
Indian Express
20 hours ago
- Indian Express
13 men held for consuming liquor in Gujarat during birthday party, 26 women served notice
The police arrested 13 men for allegedly consuming liquor at a birthday party near Gujarat's Sanand in Ahmedabad district on the intervening night of Sunday and Monday. They also issued a notice to 26 women who tested positive for alcohol but released them, citing night-time arrest regulations. Pratik Subkaran Sanghi (38), who allegedly hosted the party at a banquet hall of Glade One Golf Club, was among those arrested. A joint team from Sanand, Aslali, Changodar and Bopal police stations, along with the Local Crime Branch (LCB), conducted the raid around 12:15 am on Monday after receiving a tip-off. The police said Sanghi is a director of several companies. Police officers said they found around 90 people at the venue. After conducting breathalyzer tests, they detained 39 of them and sent their blood samples for tests. 'Since we couldn't arrest the women at night as per rules, we served them a notice and let them go. We placed the men under arrest,' said Superintendent of Police (Rural Ahmedabad) Om Prakash Jat. Jat added, 'We're investigating where the liquor came from, the role of the accused, and whether the club authorities were involved. We also seized hookahs from the site and sent them to the Forensic Science Laboratory (FSL) to check for narcotics.' The police seized 11 bottles of Indian-made foreign liquor and mobile phones worth Rs 1.6 lakh. Besides Sanghi, the arrested men include Ritesh Rajan Vazirani (38), Rushabh Vimal Duggal (28), Viraj Yagnesh Vitthalani (36), Ninad Kamlesh Parikh (43), Amit Suresh Bajaj (41), Raj Balkrushna Agrawal (37), Nikhil Surendra Bajaj (38), Dushyant Kishor Goswami (36), Varun Manoj Jain (36), Amit Shiv Jogiya (36), Priyam Bimal Parikh (37), and Sajal Sanjeevkumar Agrawal (35).
News18
5 days ago
- Entertainment
- News18
The Ayodhya Alliance: Thrilling Fusion Of Ancient Secrets And Modern Warfare
Last Updated: The Ayodhya Alliance is vintage Ashwin Sanghi — fast-paced, richly layered, and thought-provoking Ashwin Sanghi returns with The Ayodhya Alliance, a bold, globe-trotting thriller that fuses mythology, science, and geopolitics into an electrifying narrative. With his signature blend of fact and fiction, Sanghi delves deep into the rich tapestry of Indian epics, ancient civilisations, and contemporary power struggles, delivering a novel that is as intellectually engaging as it is relentlessly suspenseful. At the heart of the story lies a long-buried enigma — a mysterious scientific force once whispered by Ravana to Lakshman on the blood-soaked battlefield of Lanka. This isn't just any ancient secret, but a revelation with the potential to alter the trajectory of human history. For thousands of years, this secret remained hidden, protected by guardians bound by a sacred oath. Now, in the 21st century, as India's borders simmer with tension and a crucial defence technology begins to falter, the past resurfaces with explosive urgency. Enter Aditya Pillai, a high-stakes industrialist with a deep investment in India's defence projects, and Somi Kim, a brilliant South Korean technocrat. The pairing is unusual but compelling. Their mission begins as a modern technological crisis but soon morphs into an Indiana Jones-esque quest that spans continents and millennia. Together, they uncover a trail that stretches from Ayodhya to Kailasa, from the Pandyan Empire to Rome, Damascus, Thailand, and Korea. The sheer breadth of the historical canvas is staggering. Sanghi's greatest strength lies in his ability to craft plausible connections between mythology and science, between the spiritual and the strategic. In The Ayodhya Alliance, he masterfully blurs the lines between historical fact and speculative fiction. As the protagonists follow cryptic clues and decode ancient texts, readers are treated to a whirlwind tour of lost knowledge, suppressed technologies, and forgotten alliances. But it's not just the treasure hunt that keeps the pages turning. The novel also probes deeper questions: What happens when science is indistinguishable from magic? Who controls the narrative of history? And what is the cost of ultimate power? The pacing is brisk, with Sanghi deftly alternating between historical flashbacks and high-octane contemporary scenes. The transitions are smooth, ensuring that the reader is never disoriented despite the temporal leaps. He builds suspense incrementally, never overwhelming the reader with exposition, yet feeding just enough information to keep the mystery alive. Characters are well-drawn and multidimensional. Aditya Pillai is more than a corporate magnate; he is a man caught between his duty to his nation and his moral compass. Somi Kim brings an international flavour to the narrative and functions as both a cultural counterbalance and an intellectual equal. Their dynamic evolves gradually, underscoring themes of trust, collaboration, and shared heritage. Supporting characters — some descendants of ancient orders, others shadowy figures from intelligence agencies — add texture and complexity to the story. Thematically, The Ayodhya Alliance operates on multiple levels. It is, on the surface, an action-packed thriller. But at its core, it is a meditation on civilisational continuity, the erosion of knowledge, and the consequences of playing god with lost technologies. The myth of Ravana's whispered secret is not just a plot device; it is a symbol of how power, once divorced from ethics, can become a global threat. Sanghi's prose is crisp and cinematic, well-suited for the screen adaptation this book practically demands. There are moments where the exposition — especially the historical segments — verges on dense, but for readers familiar with Sanghi's work, this is part of the intellectual pleasure. His research is meticulous, and he continues his tradition of endnotes and references for the curious reader who wants to dive deeper into the history beneath the fiction. Where The Krishna Key and Chanakya's Chant explored theology and political philosophy, The Ayodhya Alliance ventures further into the speculative realm, almost bordering on science fiction. Yet, it remains grounded in the Indian ethos, reminding readers that ancient India was not only spiritual but scientific in its orientation — a land where technology and mysticism coexisted. In an era where India's role in the global order is rapidly evolving, The Ayodhya Alliance resonates as more than just a thriller. It is a story about civilisational agency, about reclaiming lost narratives, and about rising powers reasserting their intellectual and spiritual legacy on the world stage. At a time when popular fiction is saturated with Western myths and tropes, Sanghi's effort to root an international thriller in Indic history is both refreshing and politically significant. Verdict The Ayodhya Alliance is vintage Ashwin Sanghi — fast-paced, richly layered, and thought-provoking. It invites readers to rethink the boundaries between myth and reality, and between past and future. This novel offers a thrilling, immersive ride with a distinctly Indian heartbeat. The writer is a technocrat, political analyst, and author. He pens national, geopolitical, and social issues. His social media handle is @prosenjitnth. Views expressed in the above piece are personal and solely those of the author. They do not necessarily reflect News18's views. About the Author Prosenjit Nath The writer is an Indian technocrat, political analyst, and author. First Published: News opinion Book Review | The Ayodhya Alliance: Thrilling Fusion Of Ancient Secrets And Modern Warfare Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
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Business Standard
07-07-2025
- Automotive
- Business Standard
OLX India launches Elite Buyer plan to improve second-hand deals
OLX India has launched a subscription-based feature called the Elite Buyer Program, aimed at users seeking faster and more reliable access to second-hand goods. The platform, which attracts over 180 million users annually, said the new programme would function across major categories including cars, bikes, real estate, electronics, mobiles and furniture. Subscribers will receive an Elite badge that appears during chats with sellers. According to the company, this is intended to improve response rates and speed up transactions. The programme is available on a per-category basis. Buyers wanting access to listings in more than one category will need to purchase separate subscriptions. • Mobiles – Rs 49 • Real estate – Rs 199 • Bikes, electronics, furniture – Rs 99 each • Cars – Rs 199 The Elite Buyer Pro (Tag + Leads Pack) plan builds on the basic offering by including verified leads along with unlimited chats for 30 days. Due to the added value, prices are higher: • Mobiles – Rs 799 • Real estate – Rs 3,999 • Bikes, furniture – Rs 1,299 each • Electronics – Rs 1,999 • Cars – Rs 3,999 'Most buyers tend to operate within a single category, so the programme has been built accordingly,' said Vinay Sanghi, Chairman and Founder of CarTrade Tech. OLX handles about 53 million buyers and 18 million sellers annually. The company claims to facilitate $3 billion worth of used goods sales each year, with a gross merchandise value (GMV) of $29 billion across listings. The platform receives listings across 12 categories and sees an average of 35 million unique visitors per month. Used cars, two-wheelers and mobile electronics remain among the platform's most active segments. According to Sanghi, used-car transactions on OLX have exceeded volumes in the new car market. Other active categories include furniture and white goods. OLX confirmed that the Elite Buyer programme will be followed by multiple technology rollouts over the coming months, including AI-driven verification, listing optimisation and enhanced trust and safety systems. Sanghi said tech development is handled in-house and forms part of the platform's ongoing operating expenses. The company is also working on future tools to enable payments, logistics and financing support, although it will continue to operate as a listings-first platform for the foreseeable future.
India Today
23-06-2025
- Politics
- India Today
Tamil Nadu Minister mocks BJP's Murugan conference, questions meet's intent
Tamil Nadu Minister PK Sekar Babu on Monday hit out at the BJP over the recently concluded Murugan Conference in Madurai district, questioning its intent and ridiculing the involvement of Andhra Pradesh Deputy Chief Minister Pawan to criticism levelled by BJP leaders and the show of strength at the conference, Hindu Religious and Charitable Endowments Minister Sekar Babu dismissed it as an internal contest for popularity between Tamil Nadu BJP chief Nainar Nagendran and former state president K Annamalai. advertisement'Nainar and Annamalai are fighting over who is more popular within the state BJP. The conference was held due to this competition only. Let the result come and we will react,' he said. The Minister questioned the relevance of Andhra Pradesh Deputy Chief Minister Pawan Kalyan to Tamil Nadu politics, stating, 'Who is Pawan Kalyan? What relation does he have with Tamil Nadu?' He added, 'If necessary, let Pawan Kalyan choose a constituency in Chennai and contest. After he wins, let him speak anything and we shall listen.'Accusing the BJP of using religion and identity to divide society, Sekar Babu asserted that it would be left to the people of Tamil Nadu to decide whether they preferred inclusive development or what he described as the BJP's 'divisive' politics. 'People will decide in 2026 if they want us or if they want the BJP–Sanghi group which lays a stage and attempts to divide people in the name of religion, language and race,' he Pradesh Deputy Chief Minister Pawan Kalyan, addressing the Murugan Conference in Madurai on Sunday, delivered a sharp warning to those he claimed provoke or mock Hindu beliefs. In a veiled attack on the DMK, he said political leaders promote dangerous separatist ideas and selectively target Hinduism in the name of secularism. Recalling his own religious upbringing, he questioned why Hindu practices are criticised while other religions are spared. Asserting Lord Murugan's pan-Indian relevance, he said Hindus must unite against disrespect. 'If a sadhu gets angry, even a forest cannot stand,' he said, urging pride and courage in one's faith. IN THIS STORY#Tamil Nadu
Yahoo
10-06-2025
- Business
- Yahoo
MCHP Q1 Earnings Call: Inventory Reduction, Operational Restructuring, and Signs of Recovery
Analog chipmaker Microchip Technology (NASDAQ:MCHP) beat Wall Street's revenue expectations in Q1 CY2025, but sales fell by 26.8% year on year to $970.5 million. On top of that, next quarter's revenue guidance ($1.05 billion at the midpoint) was surprisingly good and 5.1% above what analysts were expecting. Its non-GAAP profit of $0.11 per share was in line with analysts' consensus estimates. Is now the time to buy MCHP? Find out in our full research report (it's free). Revenue: $970.5 million vs analyst estimates of $961.2 million (26.8% year-on-year decline, 1% beat) Adjusted EPS: $0.11 vs analyst estimates of $0.10 (in line) Adjusted EBITDA: $200.4 million vs analyst estimates of $162.4 million (20.6% margin, 23.4% beat) Revenue Guidance for Q2 CY2025 is $1.05 billion at the midpoint, above analyst estimates of $994.5 million Adjusted EPS guidance for Q2 CY2025 is $0.22 at the midpoint, above analyst estimates of $0.15 Operating Margin: -10.3%, down from 19.1% in the same quarter last year Inventory Days Outstanding: 251, down from 266 in the previous quarter Market Capitalization: $36.71 billion Microchip Technology's first quarter results were shaped by a significant reset across its operations, as management executed a broad restructuring plan and continued to address elevated inventory levels. CEO Steve Sanghi highlighted the closure of the Tempe Fab 2 facility and a 10% reduction in headcount as key cost-cutting moves, while also emphasizing a renewed focus on improving customer relationships and product development priorities. The company reported meaningful progress in inventory reduction, achieving the first notable decline in days of inventory in three years, and completed a business unit reorganization to better align with evolving market needs. Sanghi noted, 'We have already been able to restore 78% of previously stressed customer relationships to approved or preferred status,' marking a resolution to what management described as a lingering post-pandemic challenge. Looking ahead, Microchip Technology's guidance for the next quarter reflects optimism driven by early signs of demand recovery and a normalization of inventory levels among customers and distributors. Management attributes the improved outlook to a 'trifecta' of distributor restocking, direct customer inventory drawdown, and an uptick in new product design wins. Sanghi explained, 'Bookings in the March quarter were up significantly from any prior quarter, and bookings in April were higher than any other month this year.' The company also expects gross margin improvement as underutilization and inventory reserve charges decline. However, management acknowledged persistent uncertainties around global tariffs and the pace of the broader economic recovery, emphasizing that the ability to ramp production efficiently and maintain cost discipline will be critical in sustaining profitability gains. Management pointed to operational restructuring, customer engagement improvements, and targeted product innovation as the primary drivers behind the quarter's outcomes and the company's forward strategy. Manufacturing footprint reduction: The closure of Tempe Fab 2 and completed adjustments to other facilities have trimmed capacity, but left Microchip Technology able to increase output quickly if demand returns, improving operational flexibility. Inventory management progress: The company reported its first meaningful reduction in inventory days in three years, with a goal to further decrease inventory by over $350 million this year, which is expected to release cash and support future operations. Customer relationship restoration: After reviewing and addressing deteriorated customer relationships from the pandemic period, management claims 78% of affected accounts have been restored to preferred or approved status, with only 2.6% requiring further attention. Strategic realignment of product focus: Management has shifted its megatrend priorities, replacing 5G with artificial intelligence and elevating network and connectivity, reflecting where management sees future growth opportunities. Product development efficiency: The integration of 8-bit and 32-bit microcontroller business units and investment in AI-driven development tools are expected to accelerate design cycles, making it easier for customers to adopt Microchip Technology's solutions and potentially broadening its market reach. Microchip Technology's guidance is underpinned by anticipated demand recovery, ongoing inventory normalization, and cost discipline, while management remains watchful of external risks. Demand recovery and inventory normalization: Management expects improved revenue as distributor restocking accelerates and direct customers increase orders, supported by higher bookings and a healthy backlog. These trends are attributed to the resolution of excess inventory at distributors and end customers, rather than one-off demand spikes. Margin improvement from operational leverage: As inventory write-offs and underutilization charges subside, management anticipates gross margin expansion, with incremental sales expected to contribute strongly to operating profit. However, the company notes that the pace of recovery and the absorption of higher-cost inventory will influence the timing and extent of margin gains. Ongoing external risks: The company continues to monitor the impact of global tariffs and shifting production requirements, particularly in China, which could affect both supply chain strategy and end-market demand. Management has modeled potential downside scenarios and believes its current manufacturing footprint provides flexibility to adapt as needed. Going forward, the StockStory team will track (1) Microchip Technology's progress in reducing inventory days toward its 130-150 day target, (2) the pace and consistency of bookings growth and backlog fill across key end markets such as industrial, automotive, and aerospace/defense, and (3) improvements in gross margin as underutilization and inventory reserve charges abate. Additionally, we will monitor the adoption of new products in AI, connectivity, and embedded systems as indicators of strategic execution. Microchip Technology currently trades at a forward P/E ratio of 60.2×. In the wake of earnings, is it a buy or sell? Find out in our full research report (it's free). Market indices reached historic highs following Donald Trump's presidential victory in November 2024, but the outlook for 2025 is clouded by new trade policies that could impact business confidence and growth. While this has caused many investors to adopt a "fearful" wait-and-see approach, we're leaning into our best ideas that can grow regardless of the political or macroeconomic climate. Take advantage of Mr. Market by checking out our Top 6 Stocks for this week. This is a curated list of our High Quality stocks that have generated a market-beating return of 183% over the last five years (as of March 31st 2025). Stocks that made our list in 2020 include now familiar names such as Nvidia (+1,545% between March 2020 and March 2025) as well as under-the-radar businesses like the once-small-cap company Comfort Systems (+782% five-year return). Find your next big winner with StockStory today. 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
