Latest news with #Mumbai-based
News18
an hour ago
- Sport
- News18
GT's Tweet For Sai Sudharsan After His 4-Ball Duck On Test Debut Wins Internet
Last Updated: Sai Sudharsan came out to bat at No. 3 for India in his first Test but failed to open his account. He was sent back to the pavilion for a four-ball duck by Ben Stokes. Sai Sudharsan came out to bat at No. 3 for India in his first Test against England on Friday (June 20) but failed to score any runs despite facing four balls. He was sent back to the pavilion on the last ball before lunch by England's Test captain, Ben Stokes. England wicketkeeper Jamie Smith completed a superb catch on the fourth ball of the 26th over to end Sudharsan's stay at the crease. After Sai Sudharsan failed to score any runs in his first innings, his IPL franchise, Gujarat Titans, took to X to share a post that is now going viral on the internet. 'The best stories have a tough first chapter. Confident that our SaiSu will come back stronger in the next innings," GT tweeted. Sai Sudharsan was the second Indian batter to get out in the first session of the ongoing first Test. KL Rahul and Yashasvi Jaiswal added 91 runs for the first wicket in 24.5 overs after Ben Stokes won the toss and invited India to bat first at Headingley. Rahul scored 42 runs from 78 balls with the help of eight fours. He was caught in the slip by Joe Root. Sai Sudharsan was included in India's Test squad for the ongoing five-match series after he scored mountains of runs for the Ahmedabad-based franchise in the 2025 edition of the Indian Premier League. The Tamil Nadu-based batter played as an opener for GT and scored 759 runs in 15 matches. Karun Nair is part of India's playing XI in the first Test. The 33-year-old right-handed batter, who has a triple century to his name in Test cricket against England, last played a red-ball match in March 2017 against Australia. He is expected to bat at No. 6 for the Shubman Gill-led side. Apart from Nair, Shardul Thakur is also back in the Indian Test team. The Mumbai-based bowling all-rounder last played a Test match for India in December 2024 against South Africa at SuperSport Park in Centurion. Thakur was preferred over Nitish Kumar Reddy in India's playing XI as a fast-bowling all-rounder. First Published: June 20, 2025, 18:55 IST
News18
4 hours ago
- Business
- News18
Lilavati Trust Slaps Rs 1,000-Crore Defamation Suit On HDFC Bank CEO Sashidhar Jagdishan; Details Here
The Lilavati Kirtilal Mehta Medical Trust filed a Rs 1,000 crore defamation lawsuit and a criminal complaint against HDFC Bank CEO Sashidhar Jagdishan for alleged false statements. In an escalation of the ongoing dispute, the Lilavati Kirtilal Mehta Medical Trust (LKMM Trust) has filed a Rs 1,000 crore civil defamation lawsuit against HDFC Bank Managing Director & CEO Sashidhar Jagdishan, accusing him of making 'malicious, false and defamatory" statements against the Trust and its permanent trustee Prashant Mehta. In an official statement, the Trust said, 'The Lilavati Kirtilal Mehta Medical Trust (LKMM Trust) has filed a Rs 1,000 crore civil defamation lawsuit against Mr. Sashidhar Jagdishan, Managing Director & CEO of HDFC Bank, over a series of malicious, false, and defamatory statements made against the Trust and its Permanent Trustee, Mr. Prashant Mehta." The Lilavati Hospital, one of Mumbai's best-known healthcare institutions, operates under the aegis of the LKMM Trust. 'Coordinated Smear Campaign' The Trust alleged that Jagdishan launched a 'coordinated campaign to malign its reputation and obstruct its operations as a public charitable institution." In a parallel move, the Trust has also filed a criminal complaint before the Metropolitan Magistrate of Girgaon, Maharashtra. The court has issued notices to Sashidhar Jagdishan, HDFC Bank's spokesperson, and its corporate communication head. The Trust described the legal action as a vital step forward. 'The criminal complaint and subsequent notice mark a significant step in holding the HDFC CEO accountable for what the Trust alleges is a deliberate and sustained smear campaign," it said. The Trust further clarified that the legal action is not retaliatory: 'But are in response to a sustained effort to discredit a respected charitable institution and its founding family without any supporting documentation or conclusive evidence from HDFC Bank to validate its claims." FIR and Financial Fraud Allegations Denying all allegations linking it to a company under scrutiny, the Trust said, 'The Trust and Prashant Mehta are not connected to the affairs of Splendour Gems in any manner whatsoever as fraudulently espoused by the CEO of HDFC." In response, earlier this week, HDFC Bank MD and CEO Sashidhar Jagdishan approached the Bombay High Court, seeking quashing of the FIR registered against him based on the financial fraud allegations made by the Lilavati Trust, which oversees the Mumbai-based Lilavati Hospital. The plea was mentioned before the court on Wednesday and will be heard in due course of time. The FIR stems from a magistrate court's order, directing the police to investigate the charges of alleged financial fraud. The Lilavati Kirtilal Mehta Medical Trust (LKMM Trust) has alleged in the complaint that of the Rs 14.42 crore misappropriated by its trustees, Rs 2.05 crore were received by Jagdishan. It also claimed that the offer of Rs 1.5 crore disguised as Corporate Social Responsibility (CSR) funds to hospital staff shows the intent to destroy evidence and obstruct justice. Despite judicial findings and multiple complaints, HDFC Bank failed to act, violating Section 166 of the Companies Act and SEBI governance mandates, the Trust alleged. The bank, however, has denied the allegations, calling it 'outrageous and preposterous".
The Hindu
4 hours ago
- Entertainment
- The Hindu
World Music Day: How indie musicians are changing the soundscape
Indie-music has become a global sound, with influences from various genres, including jazz, soul, RnB, and, apart from the Indian classical music and folk. On World Music Day, celebrated on June 21, we spotlight some indie musicians, who are constantly experimenting with sound. Vasundara Vee Swipe, tap and repeat is the new addiction. The highs of having access to unlimited information/entertainment feeds, yet being ignorant of the lows of living in a digital haze and FOMOs, defines a life driven by technology. Jazz and soul singer Vasundhara Vee's new single, 'Junk the blame', addresses this. Earlier, this year, Vasundhara made headlines for singing at famed fashion designer Sabyasachi Mukherjee's 25th anniversary celebrations. The Mumbai-based singer is known as one of the powerhouse vocalists, who is credited with bringing time-tested genres such as RnB, Soul and Jazz to playlists of today's youth. 'A singer always has a message, which is channelled through his/her personality,' says Vasundhara. As a child, Vasundhara was quiet and soft-spoken. 'I found my calling in soul, jazz and blues. Music transformed me. It pushed me to communicate through words and sounds,' she adds. Abhishek Hazarika Noida-based singer, songwriter, rhythm guitarist, composer and independent musician, Abhishek Hazarika, is trained in Hindustani classical (vocal), acoustic and electric guitar. His debut album, Brightendash, comprising 10 tracks, consists of a grunge-rock sound, rooted in classic and alternative rock sensibilities. Abhishek is inspired by bands such as Soundgarden, Screaming Trees, Pearl Jam, The Smashing Pumpkins, Nirvana, The Melvins, Oasis, Green Day, The Beatles, The Who, Grand Funk Railroad, Jimi Hendrix, Cream and REM. Grunge rock, a subgenre of the 90's hard rock, originated in Seattle, the U.S. 'Grunge Rock gives me the freedom to explore multiple styles of rock music. And that's how I came up with the songs in my album. Sarthak Sardana Sarthak Sardana, popular as Sartek, is a DJ and electronic dance-music producer. He has had releases with major global labels and even found support in legends like David Guetta, Tiësto and Hardwell. Over time, he felt the urge to add something local to his repertoire of sound. 'I wanted to blend folk and Bollywood with house-techno and Afro. So he came up with productions that fused Indian folk tunes with electronic beats. Today, it resonates on dancefloors around the world. 'It is all about creating a sound rooted in culture, but built for the future,' says Sartek. Neel Adhikari, Pushan Kripalani, Arijit Datta Singer-songwriters Neel Adhikari, Pushan Kripalani and Arijit Datta recently collaborated with Tiger Baby Records (Zoya Akhtar, Reema Kagti and Ankur Tewari) for their latest album City Sessions. Pushan is a filmmaker and theatre director-turned songwriter, synonymous with his collective Slight Diversion. The trio's debut EP, 'Borrowed Guitars', earned them critical acclaim with the track 'Man, boy and liar' topping the charts. When Pushan wrote his first song, he was inspired by a woman singing in Central Park, New York. 'She sang with just an acoustic guitar in front of a small crowd. The songs were her own, yet appealed to people because of the simplicity of its rendition,' he recalls. Singer-songwriter Arijit Datta is the frontman of the Hindi-Indie band, Airport, which is known for its bluesy, evocative sound. 'The sound of Airport feels like home. It holds the weight of everything I have lived through — silence, chaos and search. This genre gives me the freedom to be myself, to communicate what I cannot articulate verbally. Making music is my way of staying connected to my original self,' he shares. Neel Adhikari is the artiste behind the opening track of Netflix's Little Things and Modern Love: Mumbai. Neel sees his music spread over two areas — background score and song. He dislikes categorisation of music and finds it hard to imagine himself stuck to one genre. He adds that he is drawn to certain textures and sounds. 'If it comes from an instrument that has wood and strings, it usually sounds good to me. My songs have a lot of acoustic guitars, ukuleles, banjos and now mandolins too,' he shares. Neel also loves analogue synths and percussions from interesting sounding non-instruments. His lyrics are essentially a play at depth using simple language. Quite often, one finds deep or dark words over a chirpy tune in his songs. 'I love the existence of contrasting elements in a composition and the sound of melancholy. Being a journeyman, I enjoy the process but am also goal-oriented and I break my back trying to achieve a sound I have imagined,' he states.
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Business Standard
5 hours ago
- Business
- Business Standard
IPO-bound Kalpataru sells properties worth Rs 2,727 cr in Apr-Dec FY25
Real estate developer Kalpataru Ltd, which will launch Rs 1,590-crore IPO next week, sold properties worth Rs 2,727.24 crore during April-December of the last fiscal on strong demand for housing and commercial assets. The company sold properties worth Rs 3,201.98 crore in 2023-24, according to its updated red herring prospectus (RHP) filed with Sebi. The latest document has updates till the third quarter of the 2024-25 fiscal only. Mumbai-based Kalpataru focuses on the development of residential, commercial, retail and integrated township projects. It is also into the redevelopment of societies. The company has fixed a price band of Rs 387 to Rs 414 per share for its Rs 1,590 crore initial public offering (IPO), which will open for public subscription on June 24 and conclude on June 26. The bidding for anchor investors will open on June 23. The company's IPO is entirely a fresh issue of equity shares worth Rs 1,590 crore with no offer for sale (OFS) component. It proposes to utilise funds for the payment of debt and for general corporate purposes. At the upper end of the price band, the company is valued at around Rs 8,500 crore, brokerage houses said. Kalpataru Ltd Managing Director Parag M Munot expressed confidence that the company's IPO would be successful despite global conflicts and economic uncertainties. He noted that India's growth story is intact, driving demand across sectors, including real estate. Munot said the company has a huge portfolio of nearly 50 million square feet, which includes 25 million square feet of ongoing projects, 16 million square feet of forthcoming, and nearly 8 million square feet of projects at the planning stage. Kalpataru is one of the leading real estate developers in the country with a significant presence in the Mumbai Metropolitan Region (MMR) in Maharashtra. Since its inception, the company has completed 75 projects, comprising 16 million square feet. While a majority of the company's projects are located in the MMR and Pune (Maharashtra), it also has projects in Hyderabad (Telangana) and Noida (Uttar Pradesh). Kalpataru Group was established in 1969 by Mofatraj P Munot. The group has a multi-national presence and has operations in EPC contracting for power transmission and distribution, oil and gas, railways, civil infrastructure projects, warehousing and logistics, and facility management. Further, Kalpataru Projects International Ltd is listed on the NSE and BSE.
Mint
5 hours ago
- Business
- Mint
Kalpataru IPO to open on Tuesday: 10 key things to know from RHP before you subscribe to ₹1590 crore issue
Kalpataru IPO in focus today: Kalpataru's initial public offering (IPO) is scheduled to kick off for subscription on Tuesday, June 24, and will remain open until Thursday, June 26. The company aims to raise ₹ 1,590 crore through the offering, which is entirely a fresh issue of 3.84 crore shares. The IPO price band is set at ₹ 387 to ₹ 414 per share. Of the total offering, 75% is reserved for Qualified Institutional Buyers (QIBs), 15% for Non-Institutional Investors (NIIs), and 10% for Retail Investors. ICICI Securities Limited, JM Financial Limited, and Nomura Financial Advisory and Securities (India) Pvt. Ltd. are the book-running lead managers of the Kalpataru IPO, while MUFG Intime India Private Limited (Link Intime) is the registrar for the issue. Kalpataru Limited is a Mumbai-based real estate developer with over three decades of presence in the residential and commercial property segments. It has developed numerous projects across Maharashtra, particularly in the Mumbai Metropolitan Region (MMR) and Pune. As of March 31, 2024, the company had 511.62 acres of land in various stages of development, amounting to 49.77 msf of developable area. Its ongoing projects, forthcoming projects, and planned projects amounted to 267.24 acres, 121.32 acres, and 123.06 acres, respectively, with a corresponding developable area of 22.02 msf, 19.93 msf, and 7.81 msf, respectively. The company also intends to complete and sell these projects within their respective timetables in order to monetize these land parcels. As of March 31, 2024, Kalpataru had five land reserves aggregating to 1,886.10 acres. Its land reserves were located in Surat, Gujarat; Pune, Maharashtra; Nagpur, Maharashtra; Udaipur, Rajasthan; and Shirol, Maharashtra. Kalpataru Limited operates in some of India's most competitive real estate markets, particularly the Mumbai Metropolitan Region (MMR) and Pune, which remain its primary focus areas. According to the Anarock Report, Kalpataru's key competitors in the areas where it currently operates include prominent real estate developers such as Lodha Group, Godrej Properties Limited, Rustomjee Group, Oberoi Realty, Mahindra Lifespace Developers, Prestige Estates, and Sunteck Realty. The company focuses on the development of luxury, premium, and mid-income residential, commercial, and retail projects; integrated townships; lifestyle gated communities; and redevelopments. For its residential developments, it builds and sells a wide range of properties, including villas, duplexes, apartments, and plots of varying sizes, with a primary focus on luxury, premium, and mid-income residential real estate. As of March 31, 2024, 67.71% of the developable area of the residential projects within its development portfolio was located within the MMR, aggregating to 33.69 msf of developable area. One of the key risks highlighted in the RHP is Kalpataru's geographic concentration, especially in the Mumbai Metropolitan Region (MMR) and Pune. Any adverse developments such as regulatory delays, policy changes, or demand slowdowns in these areas could significantly affect the company's performance. Moreover, the real estate sector is highly sensitive to interest rate movements, customer sentiment, and funding availability. In FY24, the company reported revenue of ₹ 1,930 crore and an adjusted EBITDA of ₹ 449 crore but posted a net loss of ₹ 113.8 crore. FY23 revenue was higher at ₹ 3,633 crore due to one-time land sales and subsidiary contributions, though the company still incurred a ₹ 226.7 crore loss. Kalpataru aims to raise ₹ 1,590 crore through a fresh issue of equity shares in its IPO. The proceeds will be used to repay or prepay loans, acquire land and development rights, meet general corporate needs, and support its subsidiaries' growth. Retail investors can apply for a minimum of 36 shares in one lot and can apply for up to 13 lots. At the upper end of the IPO price band ( ₹ 414), retail investors are required to make a minimum investment of ₹ 14,904 per lot. The allotment of shares for the Kalpataru IPO is expected to be finalised on Friday, June 27, 2025. Tentative listing on both the BSE and NSE is scheduled for Tuesday, July 01, 2025.
