Book talks how Dawood’s mentor made him a mafia boss

Agencies
April 1, 2019

New Delhi, Apr 1: Had it not been for Khalid Khan Bachcha, Dawood Ibrahim would not have been Dawood; he would have perished in obscurity long ago, killed either by his rivals or the police, says a new book.

"Dawood's Mentor: The Man Who Made India's Biggest Don" chronicles how Dawood meets Khalid and they eventually forge an unlikely friendship. Together they defeat and neutralise every mafia gang in Mumbai. Khalid lays the foundation for the D-Gang as Dawood goes on to establish a crime syndicate and becomes India's most wanted criminal.

According to author Hussain Zaidi, Khalid had left an indelible impression in Dawood's mind.

"Khalid had taught him the felicity to survive against the heaviest odds. Khalid’s lessons never went waste with Dawood," he writes.

Tired of being bullied, a scrawny, impoverished Dawood was looking for a saviour when Khalid taught him the ropes of handling a bunch of hooligans.

Dawood got a mentor who eventually transformed him into a cunning mafia boss.

Khalid once saved Dawood’s life and took a bullet for him. Khalid's presence of mind, courage and agility had saved Dawood from certain death.

"Dawood owed his life and power to this man. The story of this Pathan - Khalid Khan, alias Khalid Pehelwan, alias KP - was untold yet," says Zaidi.

"In my limited understanding of the Mumbai mafia, I had always felt that Khalid was an unlikely gangster and did not belong to the oligarchy of Dawood's gang. Yet, he had become integral to the growing clout, notoriety and power of the gang," he writes in the book published by Penguin Random House.

"I also wanted to know the motivations that drove a pehelwan (wrestler) into the mafia’s waiting arms. And most of all I was interested in knowing how Khalid Pehelwan survived Dawood’s ire. Imagine disassociating with Dawood and living to tell the tale. I wanted to know why Dawood respected his mentor," he says.

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Agencies
May 17,2020

New Delhi, May 17: Eight of the 10 most valued domestic firms suffered a combined erosion of Rs 1,37,311.31 crore in market valuation last week, with Reliance Industries (RIL) taking the biggest knock.

Only Bharti Airtel and ITC from the top-10 list managed to close the week with gains.

RIL's market cap plunged Rs 65,232.46 crore to Rs 9,24,855.56 crore.

The market valuation of HDFC Bank declined Rs 22,347.07 crore to Rs 4,87,083.88 crore and that of Hindustan Unilever Limited tanked Rs 13,192.26 crore to Rs 4,77,458.89 crore.

ICICI Bank's market cap dropped Rs 9,770.06 crore to Rs 2,08,900.79 crore.

Infosys witnessed a decline of Rs 9,518.84 crore in valuation to reach Rs 2,77,814.09 crore while that of HDFC tumbled Rs 9,370.38 crore to Rs 2,83,293.70 crore.

The m-cap of Kotak Mahindra Bank slipped by Rs 7,805.2 crore to Rs 2,25,327.22 crore.

Tata Consultancy Services' market valuation dipped Rs 75.04 crore to Rs 7,10,439 crore.

In contrast, Bharti Airtel added Rs 13,147.89 crore to its valuation to stand at Rs 3,02,292.43 crore.

ITC's valuation also rose by Rs 7,744.11 crore to Rs 2,02,330.13 crore.

In the ranking of top-10 firms, RIL retained the number one spot, followed by TCS, HDFC Bank, HUL, Airtel, HDFC, Infosys, Kotak Mahindra Bank, ICICI Bank and ITC.

During the last week, the Sensex declined 544.97 points or 1.72 per cent.

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News Network
March 6,2020

New Delhi, Mar 6: Union Finance Minister Nirmala Sitharaman on Friday will move the Insolvency and Bankruptcy Code (Second Amendment) Bill, 2019 for consideration and passing in Lok Sabha.

In December last year, the Union Cabinet had approved a proposal to promulgate an ordinance to amend the Insolvency and Bankruptcy Code (IBC) 2016.

The amendments will remove certain ambiguities in the IBC 2016 and ensure smooth implementation of the code, an official statement said.

The move is aimed at easing the insolvency resolution process and promoting the ease of doing business. Aimed at streamlining of the insolvency resolution process, the amendments seek to protect last-mile funding and boost investment in financially-distressed sectors.

Under the amendments, the liability of a corporate debtor for an offence committed before the corporate insolvency resolution process will cease.

The debtor will not be prosecuted for an offence from the date the resolution plan has been approved by the adjudicating authority if a resolution plan results in change in the management or control of the corporate debtor to a person who was not a promoter or in the management or control of the corporate debtor or a related party of such a person.

The amendments are aimed at providing more protection to bidders participating in the recovery proceedings and in turn boosting investor confidence in the country's financial system.

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News Network
March 26,2020

Jaipur, Mar 26: Two new COVID-19 positive cases were registered in Rajasthan taking the total number of coronavirus cases to 38 in the state.
The Union Health Ministry had on Wednesday reported 606 positive COVID-19 cases in India including 43 foreign nationals.

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