Seattle Daily Star

In a significant development, Maulana Mufti Shahabuddin Razvi Barelvi, National President of the All India Muslim Jamaat (AIMJ), issued a fatwa cautioning the Muslim community against supporting TVK Chief Vijay and his Tamilaga Vetri Kazhagam (TVK) party. The cleric's remarks stemmed from the actor's portrayal of Muslims in his films, which Razvi believes has painted an inaccurate and negative image of Islam. Tamilaga Vettri Kazhagam president Vijay Razvi’s fatwa also comes amid a growing concern over Vijay’s participation in political events and his recent involvement in hosting an Iftar party, which has stirred debates within the Muslim community. In his fatwa, the Maulana stressed that Muslims should distance themselves from any association with TVK leader Vijay, particularly urging them to refrain from supporting the TVK chief’s political agenda. “After receiving a query from a Muslim in Chennai, I issued this fatwa as a warning to the Muslim community ,” said Maulana Ra...

In a controversial statement, Maulana Mufti Shahabuddin Razvi Barelvi, the National President of the All India Muslim Jamaat (AIMJ), has urged Muslims to distance themselves from actor and Tamilaga Vetri Kazhagam (TVK) leader, Vijay. Razvi accused the actor of being "anti-Muslim" and stated that Vijay had negatively depicted Muslims in some of his films, portraying them as terrorists. The cleric's remarks come after a request from a Muslim individual in Chennai, who sought guidance on the matter. Maulana Razvi, in his fatwa, advised Muslims in Tamil Nadu to avoid associating with Vijay and his political party, emphasizing the need to reject any support for his agenda. Tamilaga Vettri Kazhagam president Vijay Razvi asserted, "One Muslim from Chennai asked me for a fatwa. Through this fatwa, I have cautioned Muslims in Tamil Nadu against trusting Vijay, attending his events, or supporting his political endeavors. His actions and the roles he plays in his films perpe...

A South African animal welfare organization has called for urgent action regarding the large-scale export of wildlife to the newly established Vantara facility in India. The Wildlife Animal Protection Forum of South Africa (WAPFSA) is pressing for an independent scientific inquiry to ensure the well-being of the animals being sent to the Greens Zoological, Rescue, and Rehabilitation Centre (GZRRC), also known as Vantara. The Vantara facility, which opened in February 2024 and was officially inaugurated by Indian Prime Minister Narendra Modi on World Wildlife Day (March 3, 2024), is owned by Anant Ambani, son of industrialist Mukesh Ambani. The facility spans 3,000 acres in Gujarat, a region known for its high temperatures, which experts believe may not be suitable for the species housed there. Anant Ambani at Vantara WAPFSA’s concerns were formally expressed in a letter sent on March 6, 2025, to various ministries and authorities, including South Africa's Department of Forestry, ...

The role of CFOs is changing dramatically, with changes in regulatory environment, technology advancement, and the changing business environment. Sethurathnam Ravi , Founder of Ravi Rajan and Co. LLP, Chairman of TFCIL, and Former Chairman of BSE, explained the challenges in his speech at the BW CFO World Future of Finance Summit and Awards 2024. Sethurathnam Ravi BSE The Changing Nature of the CFO Role  S Ravi BSE  stressed how changing accounting standards, rules, and regulations in compliance to these norms of disclosure, are the main factors creating pressures against which CFOs are now moving forward. Complexity has evolved through IT infrastructure and increasingly with the threats of cyber-related malpractices. Regulatory Overhaul Necessity With the increase in corporate fraud and mismanagement, Ravi emphasized the need for regulatory reforms to protect shareholders and public investments. He explained that the changed business models and governance failures have increa...

  A mail sent to Bharat Global Developers by Sebi seeking comment did not elicit any response The Securities and Exchange Board of India ( SEBI ) has suspended trading in the shares of Ahmedabad-based Bharat Global Developers Ltd (BGDL) after an unprecedented 10,000% surge in its stock price over the past year. The market regulator’s action comes amid allegations of misleading disclosures and manipulated financial statements. Unexplained Stock Surge BGDL’s share price skyrocketed from ₹16.14 in November 2023 to ₹1,702.95 by November 2024, a staggering 10,451% increase. SEBI's interim order attributed this steep rise to questionable practices, including manipulated disclosures and suspicious preferential allotments. Shift in Shareholding Pattern Initially, BGDL had five promoters holding 16.77% of its shares as of June 2020. However, by September 2020, the company disclosed 100% public shareholding, with no promoter holdings. A significant management overhaul in December 2023 was fo...

  Nifty 50 formed a small red candle on the daily chart beside the similar positive candle The Indian stock market’s benchmark indices, Sensex and Nifty 50 , are expected to open higher on Thursday, December 26, 2024, driven by positive signals from Asian markets. However, many global equity markets remain closed today due to holidays. The trends on Gift Nifty indicate a positive start for the Indian market, with Gift Nifty trading at around the 23,800 level, a premium of approximately 30 points over the Nifty futures’ previous close. However, there is some caution as trends also suggest a modest start with Gift Nifty trading around the 19,440 level, reflecting a discount of about 30 points from the Nifty futures’ last close. On December 25, 2024 , both Indian and major global markets were shut for the Christmas holiday. In the last trading session on December 24, 2024 , the domestic equity markets ended in a choppy session with marginal losses. The Sensex fell 0.09%, closing ...

  Stocks Hitting 52-Week Lows On December 26, 2024, several stocks hit their fresh 52-week lows , including Astral, Indiamart Intermesh, Asian Paints, P&G Hygiene & Healthcare, and Balaji Amines. As of 10:59 AM IST, the Nifty 50 index gained 12.8 points (0.05%), while the Sensex was down by 63.0 points (-0.08%). Meanwhile, the Bank Nifty was down by 13.45 points (-0.03%) at the same time. In other market movements, stocks like Shakti Pumps India, A2Z Infra Engineering, Newgen Software Technologies, Cartrade Tech, and TD Power Systems reached their fresh 52-week highs today. Among the top gainers in the BSE Sensex index were Bank of Baroda, Punjab National Bank, Canara Bank, Federal Bank, and State Bank of India. On the other hand, Au Small Finance Bank , IndusInd Bank , ICICI Bank , IDFC First Bank , and HDFC Bank were the top losers. The Bank Nifty index showed similar trends, with Bank of Baroda, Punjab National Bank, Canara Bank, Federal Bank, and State Bank of India ...