Hillary Clinton joins Bollywood stars as Isha-Anand wed

Agencies
December 13, 2018

Mumbai, Dec 13: The daughter of Mukesh Ambani, India's richest man got married on Wednesday in a traditional ceremony in Mumbai attended by Bollywood stars and former US presidential candidate Hillary Clinton.

The marriage brings together two of India's most influential families. The bride, Isha Ambani, 27, is the daughter of Mukesh Ambani, head of the vast Reliance conglomerate whose net worth Forbes put at $43 billion.

Her groom, Anand Piramal, 33, is heir to a real-estate and pharmaceutical business.

The wedding bash took place at Ambani's Mumbai residence, an extraordinary 27-storey structure known as one of the most expensive homes in the world. It was covered in red roses and decorated with lights and flowers for the occasion.

The groom and his family arrived in vintage cars as security guards onlookers and photographers from the narrow lane in south Mumbai that leads to the residence.

India's Filmfare magazine said 600 guests were expected at what media have dubbed the "the big, fat Indian wedding".

The festivities were a culmination of lavish pre-wedding celebrations in the desert city of Udaipur over the weekend which featured a private concert by American singer Beyonce.

As well as Clinton, who according to Indian media reports has an association with the Ambanis that goes back more than 18 years, attendees included newly-weds actress Priyanka Chopra and singer Nick Jonas, former Indian finance minister P. Chidambaram, cricketer Sachin Tendulkar and Bollywood actor Aamir Khan.

Many in India, where millions of people live in dire poverty, have closely followed the wedding preparations, including the couple's engagement at a luxury hotel on Italy's Lake Como.

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Agencies
February 23,2020

Panaji, Feb 23: A MiG-29K aircraft crashed off Goa during a routine training sortie on Sunday morning, the Indian Navy said in a statement.

"The pilot ejected safely and has been recovered. An enquiry into the incident has been ordered," the statement said.

On November 16, a MiG-29K trainer flight had crashed after a bird hit, soon after it took off the Dabolim International airport, which functions out of the Indian Navy base INS Hansa.

Both pilots had managed to safely eject themselves to safety after both the engines of their jet failed.

According to data tabled in the recent budget session of the Goa Assembly, every ten days, at least one aircraft landing or taking off at Goa's Dabolim international airport faces dangers involving birds or stray dogs near the runway.

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News Network
February 14,2020

Feb 14: R K Pachauri, a former chief of The Energy and Resources Institute, passed away on Thursday after a prolonged cardiac ailment, TERI Director General Ajay Mathur said.

He was 79.

"It is with immense sadness that we announce the passing away of R K Pachauri, the founder Director of TERI. The entire TERI family stands with the family of Dr Pachauri in this hour of grief," Mathur said in a statement issued by the TERI.

"TERI is what it is because of Dr Pachauri's untiring perseverance. He played a pivotal role in growing this institution, and making it a premier global organisation in the sustainability space," said Mathur, who succeeded Pachauri at TERI in 2015. Pachauri was admitted to Escorts Heart Institute in the national capital where he underwent open heart surgery and was put on life support on Tuesday, sources said.

In the statement issued by TERI, its Chairman Nitin Desai hailed Pachauri's contribution to global sustainable development as "unparalleled".

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News Network
March 9,2020

Mumbai, Mar 9: India's Yes Bank will not be merged with State Bank of India, which is set to infuse funds in the beleaguered lender, the newly appointed administrator leading the rescue plan said in a television interview on Monday.

"There is absolutely no question of a merger," Prashant Kumar, the administrator, told the CNBC TV18 channel.

The Reserve Bank of India (RBI) on Thursday took control of Yes Bank, after the lender - which is laden with bad debts - failed to raise the capital it needs to stay above mandated regulatory requirements.

Placing Yes Bank under a 30-day moratorium, the central bank imposed limits on withdrawals to protect depositors and said it would work on a revival plan. The move spooked depositors, who rushed to withdraw funds from the bank.

Kumar, a former finance chief at SBI, assured depositors their money was safe and that the moratorium on Yes Bank might be lifted much before the deadline on April 3 and normal banking operations might resume as early as Friday.

He also mentioned that the withdrawal limit of Yes Bank may be removed by March 15, 2020.

SBI Chairman Rajnish Kumar said on Saturday the state-run bank would need to invest up to 24.5 billion rupees ($331 million) to buy a 49% stake in Yes Bank as part of the initial phase of the rescue deal, adding that the survival of troubled lender was a "must".

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