Hindustan Times
์ค๋
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Man accused of religious conversions in Rajasthan, assaulted by right-wing group
The accused was taken into custody following alleged conversion activities in Alwar's Tanwar Colony
๐ฎ๐ณ ์ธ๋ ยท "CONVERSION" ยท ์ด 11๊ฑด
ํํฐ ๋ณด๊ธฐํ์ฌ ์ง์
50.0
0 = ๋ถ์ ์ฐ์ธ
50 = ์ค๋ฆฝ
100 = ๊ธ์ ์ฐ์ธ
์ต๊ทผ 7์ผ ๊ธฐ์ค 5,715๊ฑด์ ๋ถ์ํ ๊ฒฐ๊ณผ, ๋ด์ค ์ฌ๋ฆฌ์ง์๋ 50.0(๊ท ํ)์ ๋๋ค. ๊ธ์ 0๊ฑด(0.0%)ยท์ค๋ฆฝ 5,715๊ฑด(100.0%)ยท๋ถ์ 0๊ฑด(0.0%)์ด๋ฉฐ, ์ค๋ฆฝ ๋น์ค์ด ๋๋ ทํ๊ฒ ๋์ต๋๋ค. ์ฑํฅ ์ง์๋ ์ข ํฉ 0.0(์ค๋ ๊ท ํ)์ ๋๋ค.
The accused was taken into custody following alleged conversion activities in Alwar's Tanwar Colony
Former Wipro employee in Pune alleges religious harassment, pressure to convert to Islam and coercion by boss, files police complaint as Wipro cites zero tolerance and cooperation.
Pune: A woman who worked with Wipro has made serious allegations against her former boss
The Indian rupee is trading around Rs. 95-96 to the dollar in late May 2026, setting fresh record lows. Markets are openly discussing the Rs. 100 threshold. The rupee has weakened in almost every year since 2014 and has lost approximately half its value against the dollar over that period. The end of this currency depreciation is not in sight. The factors that would stop it are not yet visible.The government is acting. State run oil companies have implemented four fuel price hikes in ten days as of May 25, taking petrol in Delhi past Rs. 102 per litre. This is the right and necessary response to the energy cost reality created by the Iran war. Crucially, the Modi government has also done its part on the macroeconomic front, consistently and aggressively reducing the fiscal deficit as a percentage of GDP to maintain structural stability.Yet, the currency pressure persists. The energy price impact has not yet fully reached Indian consumers and supply chains. It is coming.Uday Kotak said it plainly at the CII Annual Business Summit on May 12: "Be ready for tough times rather than waiting for the shock to hit us." He was right.Also read | Manufactured monopoly: How industrial policy is structuring monopolies in IndiaThis is not a time to panic. But it is a time to act. The leaders who move now will have options. Those who wait will not.The Overriding Factor: The Psychology of the PlayersWhy is the currency declining despite strong domestic fiscal discipline? Because exchange rates are not driven by mathematical models alone. The currency decline is highly affectedโand acceleratedโby the psychology of all players engaged in this endeavor.Currency movements are deeply behavioral. When a currency visualizes a downward trend, psychology shifts from calculation to self-protection and speculation. Every player in the ecosystem operates under this psychological weight:Corporate CFOs and Treasurers: Instead of hedging normally, they rush to cover future dollar liabilities early, hoarding hard currency and inadvertently worsening the scarcity.Foreign Investors: They begin to judge their returns not by the quality of Indian business operations, but by the eroding value of the conversion rate.Importers and Exporters: Importers advance their payments to avoid paying more tomorrow; exporters delay converting their dollar earnings back into rupees, waiting for a "better" rate. This collective psychology creates a self-fulfilling prophecy.Investors, CFOs, and FDI decision makers extrapolate what is happening now into the future. When they see a currency that has lost approximately half its value since 2014 with no clear floor in sight, their psychological pivot alters market realities.Also read | India tightens checks on overseas flows as currency pressure mounts, sources sayThe cascading timeline of Foreign Portfolio Investor (FPI) equity behavior perfectly mirrors this psychological shift from rational evaluation to systemic risk aversion:2024 (The Calculation Phase): Rupee averages Rs. 83-84. FPI flows remain positive (+$12 billion) as investors trade on strong domestic corporate earnings.2025 (The Self-Protection Phase): Rupee slides past Rs. 89. Collective psychology shifts to risk mitigation. FPIs withdraw a record $18.4 billion from Indian equitiesโthe largest annual equity outflow on record.Early 2026 (The Capitulation Phase): Rupee breaks past Rs. 95. Sentiment turns into an outright exit strategy. In the first four months of 2026 alone, outflows have already reached $19.1 billion, completely bypassing the entire previous year's record loss in a fraction of the time.FDI agreements are being signed, but capital is delayed because players are psychologically hesitant to deploy funds into a depreciating asset.The Trap of Hard Currency Debt: A Broken Business Model There is a highly significant and dangerous phenomenon unfolding in India today that requires immediate exposure. For years, a specific class of Indian corporates adopted a regular strategy of borrowing heavily in hard currency (External Commercial Borrowings, or ECBs). Lured by low nominal global interest rates, several of these companies over borrowed, treating cheap dollar debt as a permanent structural advantage.Today, that strategy has become a trap. The compounding effect of a depreciating rupee, skyrocketing hedging costs, and brutal refinancing realities is fundamentally breaking their business models.Consider the mechanics of this crisis:The Hedging Penalty: Leaving dollar debt unhedged is now corporate roulette. However, buying hedges at current rupee levels has become structurally prohibitive. The cost of protection completely wipes out any interest rate advantage.The Refinancing Wall: Billions in foreign debt are coming due. These over-borrowed companies must now refinance their liabilities at a time when the rupee value has materially deteriorated. They are effectively forced to borrow far more rupees just to pay back the same amount of original dollars.The Crushing Cost of Rupee Capital: As these companies try to pivot back to domestic lenders, they face a severe escalation in their rupee cost of capital.The Growth Verdict: When your cost of capital spikes and your cash flows are consumed by servicing legacy dollar debt, future growth stops. Capital expenditure (CapEx) plans are being frozen. These companies can no longer invest in innovation, capacity, or market expansion. Their business model shifts overnight from aggressive value creation to basic survival. Boards must realize that this is not a temporary treasury headache; it is a structural threat to the companyโs future viability.India's forex reserves stand at approximately 10 to 11 months of import cover. Substantial, but being actively deployed to defend the currency. Some imports are non-negotiable: oil, critical inputs, components. These will now cost more. That cost passes through every supply chain.Six Actions for Business Leaders1. Protect your cash and liquidity first. This is the most immediate priority. Map your cash position today. Identify every source of liquidity across the next twelve months. Stress-test it at Rs. 100 and beyond. Which receivables are at risk? Which credit lines are rupee-denominated and which are not? Companies that run into a cash crisis during a currency depreciation cycle lose their options entirely. The CFO must own this analysis and present it to the board within days, not weeks.2. Act now on your foreign currency borrowings, hedging, and refinancing. Do not assume the rupee will recover to Rs. 80. Analyse your full foreign currency exposure across the next three years: every loan, every refinancing date, every hedging contract, every procurement price denominated in foreign currency. Hard currency loans now face refinancing at rupee values that have materially deteriorated. Model every scenario at Rs. 100 and beyond. Your CFO, treasury, and procurement team must be aligned on one instruction: do not run into a liquidity crisis. This analysis must happen now, not at the next quarterly review.3. Build a war room. Most companies have begun thinking about war rooms for supply chain disruptions. Expand the mandate. Currency exposure belongs in the same room. Which of your costs are dollar or euro denominated? Which of your revenues are rupee denominated? Where is the mismatch? What is your break-even exchange rate? If you do not have clear answers today, you are exposed. The war room is not a committee. It is a real-time decision environment with live data, a clear owner, and the authority to act.4. Use the currency depreciation advantage: double your export salesforce. A weaker rupee makes Indian exports more competitive. This window will not stay open indefinitely. Double the salesforce in your export markets now. Use this period to upgrade quality, improve service delivery, and build customer relationships that will last beyond the currency advantage. Indian exporters who invest in capability during this period will emerge stronger regardless of what the rupee does next. Those who simply ride the price advantage without building the underlying business will lose when conditions change.5. Watch your stock and your sector. Banks and financial institutions should already be on high alert. Companies with large foreign currency exposure will see pressure on their financials. Some stock prices are already reflecting this. Go through your sector company by company. Identify who is most exposed. If you are an investor or a lender, this analysis is not optional. The combination of currency depreciation, rising oil prices, and FPI outflows creates a compounding pressure that will surface in earnings before it surfaces in headlines.6. Cut costs aggressively. AI will help. There has never been more urgency to reduce costs than now. And there has never been a better tool to do it. AI can cut most operational costs by as much as 30% across functions: procurement, finance, customer service, logistics, and compliance. McKinsey data confirms companies adopting AI and automation reduce operational costs by 20 to 30 percent. This is not a future opportunity. It is a present imperative. Every rupee of cost removed through AI is a rupee that does not need to be recovered through revenue in a deteriorating currency environment. Start now with your highest-cost functions.The CFO as CaptainCurrency risk is a cash flow risk. Every function that touches foreign currencyโprocurement, treasury, sales, capex planningโ must now report into a single coordinating authority. That authority is the CFO. This is not about hierarchy. It is about clarity. In a currency crisis, fragmented decision-making is as dangerous as wrong decision making. One captain. One consolidated view. Weekly reviews minimum.The Bigger PictureThis currency depreciation is a structural signal, not a cyclical one. India's economy must move from a cheap labour advantage to genuine global value creation.The companies that will survive and thrive are those building products and services that command premium prices in global markets. The rupee's weakness is a reminder that competing on cost alone has limits.The recently concluded trade agreements are a genuine opportunity. Execute them with full force. Build the export pipelines. Add the sales capacity.The businesses that move now, with discipline and clarity, will manage market psychology, navigate the debt trap, and define the next chapter of Indian industry.The shock is coming. Prepare before it arrives.Ram Charan is the author of Chinaโs 90% model. It is restricting Indiaโs industrial progress. Former Director of Hindalco and Muyuan (China).
The BJP-led government says a Gauhati High Court directive in September 2024 necessitates the implementation of the Arunachal Pradesh Freedom of Religion Act of 1978
There is no problem with interfaith marriage, said Fadnavis
In October 2025, I paid the first instalment of my tuition fee. It was 15,800 pounds, and the conversion rate was Rs 118 for a pound. By January, it further slipped to Rs 125 as I paid the second instalment.
Shares of renewable energy player Suzlon Energy fall 2.2% to Rs 55.87 on the BSE on Monday after capital markets regulator Sebi levied penalties totalling nearly Rs 29 crore on Suzlon Energy and several former executives. Sebi concluded that the company misrepresented its financial position through transactions involving subsidiaries, inflated profits and inadequate disclosures.In a 96-page order issued on May 29, Sebi said Suzlon and certain former executives violated provisions of the Sebi Act, PFUTP Regulations, listing regulations and disclosure requirements. The order replaces an earlier adjudication order issued in June 2025 and confirms multiple violations by the company and its executives.Among the penalised individuals, former executive Vinod R. Tanti was fined Rs 5.75 crore, while Girish R. Tanti was directed to pay Rs 5.45 crore. Former Group CFO Kirti J. Vagadia was fined Rs 1.5 crore and former CFO Amit Agarwal was fined Rs 30 lakh.The matter stemmed from an anonymous complaint received by Sebi in December 2019 alleging irregularities in transactions involving Suzlon's subsidiaries and associate entities. A subsequent forensic audit and investigation covering FY15 to FY20 and the first nine months of FY21 examined several issues, including dealings with subsidiaries, impairment reversals, contingent liabilities and financial statement disclosures.Sensex, Nifty today: Catch all the LIVE stock market action hereOne key observation related to the transfer of Suzlon's operations and maintenance services business to its subsidiary, Suzlon Global Services Ltd, in March 2014. Sebi noted that the business, valued at around Rs 77 crore, was transferred for Rs 2,000 crore, resulting in Suzlon recording an accounting gain of Rs 1,922.92 crore.According to the regulator, the subsidiary lacked the financial capacity to fund the transaction. Sebi found that a significant portion of the consideration was subsequently reflected as paid through circular movement of funds between the two entities. The regulator said the arrangement created artificial profits and inflated the company's net worth. It observed that Suzlon's FY14 net worth would have been Rs 741 crore without the transaction, compared with the reported figure of Rs 2,664 crore.Sebi further noted that Suzlon later booked an additional gain of Rs 829.78 crore by transferring its stake in the subsidiary to another wholly owned entity, effectively recognising profit a second time on the same underlying assets. According to the regulator, these transactions helped the company portray a stronger financial position and supported subsequent fund-raising and restructuring efforts.The order also addressed a standby letter of credit connected to loans taken by a foreign subsidiary. Sebi said a contingent liability of about $569 million, or roughly Rs 4,050 crore, which had been disclosed in FY17, was not reflected in FY18 contingent liability disclosures after being reclassified under an accounting standard related to insurance contracts. The regulator held that the treatment was inappropriate and materially reduced the visibility of the company's financial exposure.In addition, Sebi reviewed investments and loans involving subsidiaries SE Forge Ltd and Suzlon Gujarat Wind Park. It found that several transactions involved circular routing of funds, conversion of loans into equity and later impairment of investments. According to the regulator, these transactions resulted in financial statements that did not accurately represent the underlying economic substance.Sebi concluded that the company's financial statements and disclosures failed to present a true and fair view of its financial position. The regulator said financial statements and disclosures form the basis on which investors and other market participants assess a listed company's financial health and prospects.While Sebi noted that disproportionate gains and investor losses could not be quantified with precision, it said the violations were serious because they related to financial information disseminated to investors and relied upon by the market.Sebi imposed the penalties under provisions relating to fraudulent and unfair trade practices, disclosure lapses and violations of listing obligations. The notices must pay the penalties within 45 days of receiving the order.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
Satyendra Singh, president of Vanvasi Kalyan Ashram, told News18 that the PM heard their appeal and promised justice
Interest in overseas investing has risen as Indian equities lag several global markets over the past year. A look at different ways to invest overseas, the costs involved, and what to watch out for.What's the rush for investing overseas these days?The recent interest is largely because global markets have done better than India over the past year or so. Some hot global themes, such as AI and semiconductors, have seen strong gains. Since Indian investors have limited direct exposure to these themes through local markets, it's encouraging them to look outside India.How can resident Indian investors allocate money overseas?Resident Indian investors have three main ways to invest overseas. The simplest route is through international mutual funds offered by Indian fund houses. The second option is investing through GIFT City-based funds, and the third route is by opening an international brokerage account to directly buy global stocks or ETFs.If investing through domestic MFs is simple, why are investors facing restrictions?International mutual funds are indeed the simplest way to invest overseas, as they work like any domestic scheme and allow both lump sum and SIP investments across markets such as the US and other global indices. Indian funds offer funds that bet on the US, China, Nasdaq, Taiwan, Brazil, Japan, Europe and Asia, among others. However, investors are currently facing restrictions because The Reserve Bank of India has set an overall industry-wide limit of $7 billion for such overseas investments, which has already been largely utilised.As a result, many fund houses have stopped accepting lump sum inflows, while some allow SIPs but with monthly caps. This has reduced the availability of fresh investment avenues through this route.What about the GIFT City-based international funds?GIFT City-based funds offered by Indian AMCs, which are denominated in dollars and invest across global markets, themes and indices. These typically require a higher minimum investment of around $5,000 and fall under the Liberalised Remittance Scheme (LRS) limit of $250,000 a year. But the issue is that not every fund house has a presence there.What are the products currently on offer for domestic investors through GIFT City?Some of the popular products available for resident investors from GIFT city currently are DSP Global Equity Fund, Edelweiss Greater China Equity Fund, Parag Parikh IFSC Nasdaq 100 FoF and Parag Parikh IFSC S&P 500 FoF. Many others are in the process of launching their products there.How can an investor put money into GIFT City funds?For a Resident Indian, the process of investing through GIFT City is different from that for a domestic mutual fund. Investing through GIFT City involves sending money abroad under the Reserve Bank of India's Liberalised Remittance Scheme (LRS), since it is treated as an offshore jurisdiction. Investors need to complete KYC and then transfer funds from their bank account by filling out an LRS declaration (A2 form). The money is converted into dollars, and banks charge forex conversion and wire transfer fees.If total remittances exceed โน7 lakh in a year, a 20% TCS is collected upfront, which can be adjusted while filing taxes. Once invested, these funds function like mutual funds with a daily NAV, and redemptions take around T+5 days.How does direct investing work?In direct investing, investors open an international trading account through an Indian platform offering global access to buy shares of overseas companies or global ETFs. The investment is made by remitting money abroad under the LRS, after which funds are converted into foreign currency and used to trade. This route offers the widest choice, but it comes with added complexities, including forex conversion costs, brokerage charges, and compliance requirements.How are the gains taxed on the investments? Investments in international funds through the mutual fund route attract capital gains tax to be paid by investors at the rate of 12.5% for units, if held for more than two years. For units held for less than two years, the gains are added to your total income and taxed according to the tax slab. In GIFT City funds, the income earned from investments is taxable at the fund level, with no taxation at the investor level. For holding periods less than 24 months, a short term capital gains tax at the rate of 30% and a long-term capital gains tax of 12.5% is levied, which includes surcharge, health and education cess. Will the estate tax be applicable for resident Indians investing in US stocks from India? Yes, the estate tax can apply if resident Indians invest directly in USlisted stocks. For non-US residents, the exemption limit is $60,000. So, if the value of US assets held directly exceeds this at the time of death, the excess can be taxed by the US at rates ranging from 18% to 40%. This applies only to direct holdings of US stocks or assets. Investments routed through funds, such as those based in GIFT City, typically do not attract US estate tax at the investor level. So, what are my best options? If you are looking to deploy small amounts like Rs 5000 or Rs 10,000 per month or a lumpsum amount of Rs 1 lakh, the mutual fund route works well, though there are limited choices, and the GIFT City route is highly impractical. However, if you are looking to park a substantial lump sum of more than $5000 into a dollar denominated asset, you could opt for the GIFT City route or direct investing.
Police are also looking into the preacher's "funding sources". (Representational)