Seattle Daily Star

ShyamMaheshwari , the esteemed founder and partner of SSG Capital Management, emerges as a beacon of innovation and strategic acumen in the realm of investments. With an illustrious career spanning over 17 years, Maheshwari's journey from Lehman Brothers to his pivotal role in SSG Capital exemplifies his unwavering commitment to deal sourcing, meticulous analysis, and investment pursuits across diverse sectors. Mr.Shyam Maheshwari-founder and partner of SSG Capital Management. At the helm of Ares SSG investment committee and directorial position at Ares SSG Singapore, Maheshwari orchestrates a strategic focus on origination and evaluation of investment prospects not only in India but also across broader Asian regions. His affiliation as an Associate Member at the Institute of Chartered Accountants of India underscores his professional stature and adds credence to his financial insights. In his recent discourse, Shyam Maheshwari SSG delves into the intricate landscape of stressed...

Early Life and Career Beginnings Prasantt Ghosh , born on September 21, 1975, in Guwahati, Assam, embarked on his fashion journey at the prestigious National Institute of Fashion Technology (NIFT). Inspired by his roots, he founded the Assam Art and Designing Institute (AADI) and launched his eponymous label in 1996. Ghosh’s dedication and talent propelled him into the limelight, earning him opportunities to showcase his designs at fashion weeks and government events nationwide. Prasantt Ghosh Contributions to Assamese Cinema and Fashion Shows Ghosh’s influence extends beyond the runway into Assamese cinema, where his costume designs have adorned films such as “Suren Suror Putek” and “Bukur Majot Jawle,” leaving an indelible mark on regional cinema. Additionally, he has curated attire for the opening and closing ceremonies of the National Games of India hosted in Assam, showcasing his versatility and flair for grandeur. Leading Fashion Choreographer and Educator As a fashion choreograp...

In a significant move, Walt Disney has reportedly finalized a deal to sell its stake in Tata Play, valuing the Indian conglomerate Tata Group’s satellite TV provider at around $1 billion. This development, as reported by Bloomberg News, marks Disney's strategic focus shift as it gears up for a merger with India’s Reliance Industries, aiming to create an $8.5 billion entertainment powerhouse. Disney took its stake in Tata Play from the acquisition of Star India via the purchase of 21st Century Fox's India assets in 2017. Last month, Tata Sons, the holding company of Tata Group, bolstered its stake in Tata Play to 70% by purchasing an additional 10% from Singapore’s state investment firm Temasek for approximately $100 million. This acquisition transformed Tata Play into a 70:30 joint venture between Tata and Disney. The details on the new shareholding structure post-Disney’s stake sale were not disclosed in the Bloomberg report. The sale is part of Disney's broader strategy t...

In a recent turn of events, Congress candidate Sukhpal Singh Khaira's call for a law in Punjab, akin to Himachal Pradesh, has sparked a heated debate. The proposed law would impose restrictions on migrants, barring them from land ownership, voting rights, and government employment unless they meet certain state-defined criteria. This stance has not only drawn criticism from political rivals but has also ignited a broader discourse on migrant rights and state policies. Sukhpal Singh Khaira, Congress's Lok Sabha candidate from Sangrur while campaigning in Lehragaga constituency on Tuesday. Khaira's remarks, made during a rally in the Sangrur Lok Sabha constituency, have garnered significant attention, prompting responses from key political figures. While the ruling AAP and BJP have condemned Khaira's proposal, the Congress has attempted to distance itself, labeling it as Khaira's personal viewpoint. Prime Minister Narendra Modi, without directly naming Khaira, critici...

The corporate affairs ministry has imposed fines on Microsoft-owned LinkedIn India, including its CEO Satya Nadella and eight other individuals, for violating significant beneficial owner norms under the Companies Act. In a 63-page order, the Registrar of Companies (NCT of Delhi & Haryana) cited violations of the Companies Act, 2013. The RoC has slapped penalties totalling Rs 27,10,800 on LinkedIn Technology Information Pvt Ltd or LinkedIn India, Nadella, LinkedIn CEO Ryan Roslansky and seven other individuals.  According to the order, Satya Nadella and Ryan Roslansky, the global CEO of LinkedIn Corporation, are considered significant beneficial owners and are liable for penalties under Section 90(10) of the Act. The penalties amount to a total of Rs 27,10,800, with fines ranging from Rs 2 lakh to Rs 7 lakh imposed on LinkedIn India, Nadella, Roslansky, and other individuals involved. The violations pertain to the failure to disclose significant beneficial owner details as requ...

Renowned composer Ilaiyaraaja has taken legal action against the makers of Malayalam film Manjummel Boys for unauthorized use of his iconic song "Kanmani Anbodu" from the Tamil movie Gunaa. This move has sparked debates on intellectual property rights in the Indian film industry. Ilaiyaraaja files complaint against Manjummel Boys makers The song, originally sung by Kamal Haasan and S Janaki, holds significant sentimental value in Tamil cinema. Despite being lauded by audiences, Ilaiyaraaja alleges that the filmmakers failed to secure proper permissions for its inclusion in Manjummel Boys.  This legal notice follows a similar action taken against Sun Pictures for the use of his song in Rajinikanth's upcoming film teaser. Ilaiyaraaja's stance on protecting his musical creations has stirred ongoing discussions online. Manjummel Boys, directed by Chidambaram, gained acclaim for its compelling narrative and creative direction. The integration of "Kanmani Anbodu" ...

The battleground is set in Sambalpur, Odisha, as BJP heavyweight Dharmendra Pradhan squares off against BJD's Pranab Prakash Das, popularly known as Bobby. With the BJP leveraging the "outsider" tag against Das and the BJD banking on its organizational strength and welfare schemes, the electoral contest is heating up. Union Minister Dharmendra Pradhan during an election rally (left); Pandian and Bobby during a roadshow in Sambalpur town on May 19. The Electoral Landscape Sambalpur, historically a BJD stronghold, has witnessed electoral volatility in recent years. Since 2009, a new MP has been elected in each election cycle, reflecting the region's dynamic political landscape. While the BJP's Nitesh Ganga Deb emerged victorious in 2019, this year's battle pits Pradhan against Das, a seasoned BJD leader. Pradhan vs Das: The Contenders Dharmendra Pradhan, BJP's prominent face in Odisha politics, returns to the state's electoral arena after 15 years. In co...

In an electrifying IPL 2024 match, the Rajasthan Royals broke their losing streak with a thrilling chase, sending the Royal Challengers Bangalore (RCB) out of contention and prolonging Virat Kohli's quest for an IPL title. Rajasthan Royals defeat Royal Challengers Bengaluru by 4 wickets.  The Nerve-Wracking Chase Rajasthan Royals secured their place in the second qualifier with an exhilarating finish. A lofted straight drive from Rovman Powell ended both their winless streak and RCB’s winning run. While the Royals celebrated ecstatically, the Challengers were left dejected and weary. The Royals, chasing 172, found themselves in a precarious position after a strong start. Yashasvi Jaiswal, who batted with poise, succumbed to a thin edge off Cameron Green’s delivery. This dismissal triggered a mini-collapse. Sanju Samson, the Royals' captain, followed suit with a reckless shot, resulting in his stumping. This left the Royals reeling, and the task of recovery fell on young Riyan P...

In a significant financial development, the Reserve Bank of India (RBI) has approved a record dividend payout of ₹2.1 lakh crore to the government for the fiscal year 2023-24. This unprecedented surplus transfer is set to play a crucial role in trimming the fiscal deficit for FY25, easing it by approximately 0.2% of GDP, according to analysts. This amount is much higher than both the budgeted (Rs 1.02 lakh crore announced in the Interim Budget for FY2025, including dividends from banks and financial institutions) and market expectation of Rs 1-1.1 lakh crore surplus, and would come as an unexpected boost to the government’s fiscal position. Fiscal Impact and Government Targets The substantial dividend is a welcome relief for the government, which has set an ambitious target in the Interim Budget for FY2025 to reduce the fiscal deficit to 5.1% of GDP, down from 5.8% in FY24. Gaura Sen Gupta, Chief Economist at IDFC First Bank, noted, “The higher dividend represents additional fiscal rev...

In a touching moment following the KKR vs SRK match in Ahmedabad, Bollywood superstar Shah Rukh Khan made time to meet a wheelchair-bound fan at the stadium. Despite suffering from a heatstroke that eventually led to his hospitalization, SRK took a few precious moments to chat with the fan and pose for photos, showcasing his dedication to his admirers. Shah Rukh Khan met with a wheelchair bound fan after Tuesday's match in Ahmedabad.  A widely circulated video captures Shah Rukh Khan's interaction with the fan, where he is seen engaging warmly and ensuring the fan has a memorable experience. This heartfelt gesture was particularly notable because Shah Rukh was not feeling well at the time. Shortly after this interaction, he was admitted to KD Hospital in Ahmedabad due to dehydration. Fans of the actor were quick to express their admiration for his kindness, with many commenting on his considerate nature. One fan wrote, “Kindest man ever! ❤️” while others wished him a speedy rec...

In a significant development, the Enforcement Directorate (ED) has conducted raids on the premises of Ramesh Abhishek, a retired IAS officer and former Secretary of the Department for Promotion of Industry and Internal Trade (DPIIT). This action is part of a larger probe into allegations of money laundering and disproportionate assets against Abhishek. ED raid premises of former DPIIT Secretary Ramesh Abhishek  The ED's investigation is based on a recent FIR registered by the Central Bureau of Investigation (CBI) against Abhishek, who belongs to the 1982 IAS batch. The CBI had previously raided Abhishek's premises in February. Ramesh Abhishek retired from his position at DPIIT, formerly known as the Department of Industrial Policy and Promotion, in 2019. Sources indicate that the current ED searches are a continuation of efforts to uncover financial irregularities linked to his tenure in public service. The CBI FIR alleges that Abhishek illicitly enriched himself post-retiremen...