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CBI Registers Rs 228 Cr Bank Fraud Case Against Anil Ambani’s Son, Reliance Home Finance
Business

CBI Registers Rs 228 Cr Bank Fraud Case Against Anil Ambani’s Son, Reliance Home Finance

New Delhi, Dec 9 (PTI) The CBI has booked the son of industrialist Anil Ambani, Jai Anmol Anil Ambani, and Reliance Home Finance Ltd. (RHFL) in a case of alleged cheating in Union Bank of India that caused a loss of Rs 228 crore to the public bank, officials said on Tuesday. The CBI acted on a complaint from the bank (erstwhile Andhra Bank) against Reliance Home Finance Ltd., Jai Anmol Anil Ambani and Ravindra Sharad Sudhakar, both directors in RHFL, they said. The company had availed credit limits to the tune of Rs 450 crore from the bank's SCF branch in Mumbai for business needs, the complaint stated. The bank had laid down the condition to maintain financial discipline including timely repayment, service of interest and other charges and submission of position of security and other required papers in time and routing the entire sale proceeds through the bank account. The company failed to pay the instalments to the bank and hence, the said account was classified as a non-performing asset (NPA) on September 30, 2019, the officials said. A forensic examination of the accounts was carried out by Grant Thornton (GT), for a review period from April 1, 2016 to June 30, 2019, which showed that borrowed funds were mis-apportioned and considered as diversion of funds, they said. "The accused persons in their capacity of erstwhile promoters /directors of the borrower Company committed fraudulent misappropriation of funds through manipulation of accounts and criminal breach of trust and diverted/siphoned off the funds for the purposes other than the purpose for which finance was extended," the bank alleged.  (This report has been published as part of the auto-generated syndicate wire feed. Apart from the headline, no editing has been done in the copy by ABP Live.)

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11 months ago
Who is Major Rishma Sarin? Martyred Major Mohit Sharma's widow amid 'Dhurandhar's release
Entertainment

Who is Major Rishma Sarin? Martyred Major Mohit Sharma's widow amid 'Dhurandhar's release

Major Rishma Sarin is the wife of martyred soldier Major Mohit Sharma. She is a Lieutenant Colonel in the Indian Army and the first Woman Officer to become an Agniveer Recruiter (2023). Following her husband's martyrdom, she became central to a public and legal conflict with his parents over the Army’s ‘Next of Kin’ (NOK) law, which prioritizes the widow. While the parents alleged they were excluded from honors (like the Ashok Chakra ceremony) and denied memorabilia, Major Rishma's family denied the claims, stating she was mistreated by her in-laws and required psychiatric help.

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11 months ago
Post Malone pays tribute to late Zubeen Garg- WATCH
Entertainment

Post Malone pays tribute to late Zubeen Garg- WATCH

Grammy-nominated Post Malone captivated Guwahati with his first Indian headline show, delivering an electrifying performance. A highlight was his heartfelt tribute to the late Assamese legend Zubeen Garg, a moment that resonated deeply with fans and went viral online. The concert celebrated global music meeting local sentiment, leaving a lasting impression.

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11 months ago
Kumar Sanu pays tribute to late Dharmendra
Entertainment

Kumar Sanu pays tribute to late Dharmendra

Kumar Sanu honors late Dharmendra on 90th birthday with ‘Main Tujhe Chhod Ke’ from ‘Trinetra’. Shares emotional Instagram tribute, recalling their collaboration. Dharmendra, 89, passed Nov 24; final role in ‘Ikkis’. Legendary career: 300+ films like ‘Sholay’.

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11 months ago
19-Minute Viral Video: One Wrong Tap And Malware Could Leak All Your Data
Trending

19-Minute Viral Video: One Wrong Tap And Malware Could Leak All Your Data

The 19-minute viral video has been trending on social media for more than a week. The clip is said to be 19 minutes and 34 seconds long and allegedly shows a young couple in an intimate moment. The source of the video is not known. It started circulating in the last week of November and became viral very quickly.  Many people are still searching for the video. Due to this constant interest, scammers have started using the situation for their own benefit, and users are facing risks. 19-Minute Viral Video Links May Compromise Your Phone Many links claiming to give access to the 19-minute viral video are being shared on platforms like Instagram, Facebook and X.  If someone taps these links, malware can get installed on their device. The malware works silently and cannot be noticed easily. After installation, the phone or laptop can become compromised. Personal data may be accessed, and private accounts can be reached.  Banking information such as passwords and OTPs can also get exposed, which may result in loss of money. Many fake social media accounts are being made only to share these links, which makes it harder for people to identify them.  It becomes safer not to search for the clip and not to tap any unknown links to avoid device damage and data loss. Police Officer’s Warning On Sharing The 19-Minute Viral Video NCB Cyber Cell officer Amit Yadav made a statement regarding the 19-minute viral video. He said the video is AI-generated. The clips that people are calling Part 2 and Part 3 also appear to be created by AI.  He mentioned that there is a website called Sightengine where a user can check whether a video is AI-generated. Yadav asked people not to share the video in any form. He also stated that sharing obscene or objectionable videos on the internet is a punishable action.  Under Section 67 of the IT Act, sharing such content can lead to three years of jail and a fine of ₹5 lakh. Under Section 67A, sharing sexually explicit content for the first time can lead to five years of jail and a fine of ₹10 lakh.  Repeated offences can lead to seven years in jail. These actions also fall under IPC Sections 292, 293 and 354C. He said forwarding or uploading such clips is a violation of privacy and should not be done.

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11 months ago
Steamhouse India’s Rs 425-Crore IPO Back On Track As Firm Updates Draft Papers With SEBI
Business

Steamhouse India’s Rs 425-Crore IPO Back On Track As Firm Updates Draft Papers With SEBI

Steamhouse India, a supplier of industrial steam & gas, has filed updated draft papers with markets regulator Sebi to raise Rs 425 crore through its Initial Public Offering (IPO). The IPO will be a combination of a fresh issue of shares worth Rs 345 crore along with an Offer For Sale (OFS) of shares valued Rs 80 crore by promoter Vishal Sanwarprasad Budhia, according to the updated draft red herring prospectus filed on Monday. Proceeds from the fresh issue will be used to repay part of the company's existing debt, expand capacity at its Ankleshwar and Panoli facilities, set up a new steam-generation unit in the Dahej SEZ, and meet general corporate requirements. As per the draft papers, Steamhouse India may consider raising Rs 15 crore in a Pre-IPO funding round. If undertaken the amount raised would be reduced from the fresh issue. The company had filed its draft IPO papers with Sebi through the confidential filing route in July and subsequently received approval to launch the public issue in October. Following this approval, it was required to submit updated documents. Led by promoter and CMD Vishal Budhia, Steamhouse India introduced the concept of community boiler system in India in 2014. Its industrial gas business includes steam generation and distribution, steam purchase and distribution, as well as the extraction, compression, and pipeline-based supply of nitrogen. At present, the company currently operates seven community steam boilers in Gujarat-- six owned and one leased. It serves a wide industrial customer base spanning pharmaceuticals, chemicals, agro-chemicals, textiles, tyres, dyes and pigments, polymers, and paints, benefiting from its strategic proximity to major ports and industrial clusters. As part of its expansion into other industrial gases, the company began producing and supplying nitrogen in February 2025 and commissioned its first nitrogen project at the Ankleshwar facility, delivered through a dedicated pipeline network. For steam generation, it utilizes a mix of coal and non-fossil fuels such as plastic waste and textile chindi, and is now exploring greater use of alternative fuels including agro-waste and refuse-derived fuel. Its customers include Aether Industries, Anupam Rasayan India, Globe Enviro Care, Gujarat Polysol Chemicals, Devanshi Dyestuff, K Patel Chemo Pharma, K Patel Dye Chem Industries, Mahavir Synthesis, Mangalam Intermediaries, Orgo Chem Gujarat and Subhasri Pigments. Overall, the company served 174 customers during the six months ended September 30, 2025. Financially, the company's revenue from operations increased 35 per cent to Rs 395.11 crore in FY25 from Rs 291.71 crore in the preceding fiscal . During the same period, profit after tax rose from Rs 27.19 crore to Rs 31.16 crore. Equirus Capital is the sole book-running lead manager (BRLM) to the issue.  (This report has been published as part of the auto-generated syndicate wire feed. Apart from the headline, no editing has been done in the copy by ABP Live.)

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11 months ago
Sharmila Tagore opens up about 'birthday twin' Dharmendra
Entertainment

Sharmila Tagore opens up about 'birthday twin' Dharmendra

Sharmila Tagore marked her 81st birthday on December 9, 2025, with a tinge of sadness as she missed her birthday twin, Dharmendra, who passed away in November. Reflecting on their shared birth date, Tagore reminisced about their successful film collaborations, including 'Anupama,' 'Satyakam,' and 'Chupke Chupke,' calling Dharmendra her favorite co-star after Shashi Kapoor.

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11 months ago
India’s Job Market On Fire! Employers Signal Blockbuster Hiring In Early 2026
Business

India’s Job Market On Fire! Employers Signal Blockbuster Hiring In Early 2026

Indian employers report an extremely strong job market in India in the first quarter of 2026, with organisations increasingly willing to invest in skills, technology, and talent, a report said on Tuesday. The report by ManpowerGroup India, based on a survey of 3,051 employers across India during October 2025, revealed a Net Employment Outlook (NEO) of 52 per cent, underscoring a strategic shift toward quality over volume. The report noted that a faster-than-expected growth rate of the Indian economy is due to a favourable monsoon that drove rural demand and lower oil prices, minimal impact of the US tariffs, and reforms in the banking sector, which enabled easier access to foreign loans, supporting company growth and job creation. Meanwhile, efforts have been ramped up to internalise the Indian rupee for cross-border trade, aiming to decrease dependence on US dollars, which will ultimately benefit the economy in the long term. Given these metrics, Indian employers’ hiring sentiment looks optimistic for the near term, stated the report. “India’s hiring outlook is not just strong - it is signaling a new phase of economic confidence and capability-building. What these trends truly reflect is India’s transition from volume-led hiring to value creation: organisations are investing in the skills, technologies, and talent architectures that will define their competitiveness over the next decade,” said Sandeep Gulati, Managing Director, ManpowerGroup India and Middle East. The report noted a demand in sectors such as finance, professional services, manufacturing, and real estate, indicative of “employers actively preparing for a more digital, regulated, and innovation-driven economy”, Gulati said. “As we move into 2026, India will shape its talent market around three fundamentals: critical skills, technological leverage, and purposeful expansion," said Gulati. Further, the report noted that Indian employers in all nine sectors anticipate increasing staffing levels in Q1 2026. A majority of employers (63 per cent) anticipate an increase in hiring, while 24 per cent expect to maintain current staffing levels, 11 per cent anticipate a decrease, and 2 per cent are unsure. Despite a positive outlook over the past year, hiring volumes have declined. In Q1 2026, a typical company’s total workforce is expected to grow by 65 workers - a 60 per cent drop since we began tracking in Q2 2025, when the figure stood at 162. (This report has been published as part of the auto-generated syndicate wire feed. Apart from the headline, no editing has been done in the copy by ABP Live.)

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11 months ago
Nearly 1 Crore Houses Built Under PMAY, Govt Tells Parliament; 6.5 Crore People Still In Slums
Business

Nearly 1 Crore Houses Built Under PMAY, Govt Tells Parliament; 6.5 Crore People Still In Slums

The Centre has already handed over as many as 95.54 lakh houses to beneficiaries under two schemes of Pradhan Mantri Awas Yojana, Minister of Housing and Urban Affairs Manohar Lal has informed Parliament. Replying to supplementaries in the Rajya Sabha during question hour, the minister said that a 2020 slum survey showed that 6.5 crore people, comprising 1.39 crore households, were living in slums across the country. He explained that land and colonisation are State subjects and policies and programmes related to slum rehabilitation rest with respective states and Union Territories. Hence, data related to slum rehabilitation or relocation is not maintained by the ministry. However, in the National Capital Territory of Delhi (NCTD), the slum rehabilitation and demolitions are done by various land owning agencies like Delhi Development Authority (DDA), Delhi Urban Shelter Improvement Board (DUSIB), etc., under the provisions of various applicable Acts. "As part of its Slum Rehabilitation programme, DDA has carried out demolition after properly rehabilitating eligible slum dwellers. It involves a total of 5,158 households, out of which a total of 3,414 were found eligible for alternative rehabilitation as per the DUSIB policy," the minister said in a written reply to a question. The eligible dwellers have been provided with alternative rehabilitation with all modern facilities. Implementing agencies execute slum rehabilitation projects based on their own land management policies and the slum rehabilitation policy of States and UTs. During the slum rehabilitation and resettlement, land owning agencies and implementing agencies and affected families may also seek assistance under the Pradhan Mantri Awas Yojana – Urban (PMAY-U) and PMAY-U 2.0, if beneficiaries are otherwise eligible, the minister pointed out. "Ministry of Housing and Urban Affairs (MoHUA) is supplementing the efforts of States and UTs by providing central assistance under PMAY-U since June 25, 2015, for the construction of houses for eligible families, including slum dwellers, he added. "Further, based on the learnings from the experiences of implementation of PMAY-U, MoHUA has revamped the scheme and launched PMAY-U 2.0 'Housing for All' Mission with effect from September 1, 2024, to support 1 crore additional eligible beneficiaries in urban areas. PMAY-U 2.0 is implemented through four verticals, i.e., Beneficiary Led Construction Affordable Housing in Partnership, Affordable Rental Housing and Interest Subsidy Scheme," he said. "Under PMAY-U and PMAY-U 2.0, a total of Rs 2.05 lakh crore has been sanctioned as Central Assistance, of which Rs 1.75 lakh crore has been released to States and UTs and Rs 1.65 lakh crore has been utilised by them. Although slum dwellers have received benefits under all verticals of PMAY-U, Rs 1,800 crore Central Assistance has been specifically released under In-Situ Slum Redevelopment vertical," the minister added. (This report has been published as part of the auto-generated syndicate wire feed. Apart from the headline, no editing has been done in the copy by ABP Live.)

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11 months ago