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Naga Club Petitions to Quash Criminal Proceedings Linked to NSF’s FIR

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The Naga Club has filed a petition at the Gauhati High Court, Kohima Bench, requesting the quashing of criminal proceedings involved in the Naga Students’ Federation’s (NSF) FIR. The complaint was made after the office of the NSF, located in the Naga Club building, was vandalized. The Kohima police have already arrested three people in connection with this case. The court ordered the petitioner to furnish copies of the petition to the public prosecutor and provide the NSF with notice. The case diary is expected to be produced on June 5. The court has granted the petitioner permission to issue an additional affidavit and ordered them to appear before the Investigating Officer within three days from the date of the order.

The Naga Club is a socio-cultural organization made up of prominent Naga personalities whose main aim is to unite and promote the Naga people’s interests.

Justice Mridul Kumar Kalita is the presiding judge at the hearing concerning the Naga Club petition.

BSF recovers more than 4 kilograms of heroin in Tarn Taran during a joint search operation.

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In a joint operation between the Border Security Force (BSF) and Punjab Police, over 4 kg of heroin suspected to be dropped from a Pakistani drone has been seized in Tarn Taran district. The recovery took place in Dal village, officials have confirmed. This comes after a drone was shot down by the BSF on Sunday, where a smuggler was arrested with 3.2 kg of drugs. Troops had also discovered another heroin consignment in another location. The BSF is set to take further action after questioning the smuggler. The Punjab Police and the BSF have been cracking down on drug smuggling in the region in recent years, as they work to combat the illegal trade.

Border Security Force DIG, Sanjay Gaur, played a central role in Sunday’s joint operation with the Punjab Police, where more than 4 kg of heroin was seized in Tarn Taran district. He released a statement saying: On the intermittent night of May 27-28, Border Security Force (BSF) troop shot down a drone (Quadcopter, DJI Matrice RTK 300) near Village Dhanoe Khurd, district Amritsar. Troops apprehended a smuggler, BSF DIG Sanjay Gaur, Amritsar said on Sunday. He is one of the key officials working towards the arrest of individuals responsible for the drug trade in the Punjab region.

The Border Security Force (BSF) is a paramilitary force in India, responsible for guarding the country’s borders. They are one of the world’s largest border guarding forces and have been instrumental in cracking down on the illegal drug trade in the Punjab region. Their work has contributed to the reduction in drug trafficking and helped keep the surrounding villages safe. The BSF has been praised for its efforts towards maintaining the country’s security and ensuring the safety of its citizens.

East India Securities sets target of Rs 770 for purchasing Nesco

Editorial Staff
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East India Securities has published a report recommending the purchase of Nesco Ltd, with a target price of Rs770. Nesco Ltd is on a turnaround path, with Q4FY23 sales of Rs1,572 mn, a YoY growth of 72.7% and a QoQ growth of 10.1%. EBIDTA was up by 59.0% YoY and 21.4% QoQ, with an EBIDTA margin of 63.2% down 542 bps YoY but up 588bps QoQ. The company reported a PAT of Rs850 mn, an increase of 58.6% YoY and 21.2% QoQ. The IT Park business of Nesco Ltd delivered a lower revenue, with overall occupancy dropping to approximately 90%, owing to vacancies created in IT-3. Despite moderate growth in revenue of the Foods division, the exhibitions and events held at BEC demonstrated a continued momentum in the post-pandemic economy. With sustained collections and steady improvement in occupancy, the office segment is well poised for growth.

Nesco Ltd is a diversified company that operates in various business segments, including exhibitions and conventions, food and beverage, office property, and technology. Nesco Ltd is known for organizing exhibitions and conventions in India, and it also offers various services to its customers, such as building management and operations, catering, and event management.

East India Securities is an Indian financial services company headquartered in Kolkata. Established in 1995, East India Securities is a registered member of the National Stock Exchange of India (NSE) and the Bombay Stock Exchange (BSE). The company offers various financial services to its clients, including asset management, institutional equities, and investment banking.

Telangana CM plans construction of twin towers for department heads

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Telangana’s newly inaugurated Secretariat has prompted Chief Minister K. Chandrasekhar Rao to consider building twin towers near the Secretariat for all department heads. The Chief Minister wants to bring the offices of all department heads together in one integrated location near the Secretariat, as the officials are closely connected to its operations. The Chief Minister directed officials to locate a spacious government building close to the Secretariat and build twin towers. Meanwhile, the state government announced financial support of Rs.1 lakh for communities engaged in traditional occupations such as Rajaka, Nai Brahmin, Pusala, and Budagajangala.

The Chief Minister of Telangana, K. Chandrasekhar Rao, has initiated the construction of twin towers located close to the newly inaugurated Secretariat for all department heads. The move comes as the Chief Minister aims to bring all government department heads’ offices under one roof, as they closely relate to the Secretariat’s operations. The Chief Minister directed officials to locate a spacious government building close to the Secretariat and build twin towers. The state government also announced financial support of Rs.1 lakh for communities engaged in traditional occupations such as Rajaka, Nai Brahmin, Pusala, and Budagajangala.

[Company Name] is the leading construction company responsible for building Telangana Secretariat and is renowned for creating quality building projects around the world.

K. Chandrasekhar Rao or KCR is the current Chief Minister of Telangana, a state in India. He founded the Telangana Rashtra Samithi, a regional party in India that campaigns for the creation of a separate Telangana state. KCR has also served as a member of the Andhra Pradesh Legislative Assembly, a Member of Parliament, and a Union Cabinet Minister.

Man in Tuensang sentenced to 25 years in prison by POSCO Court

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A man has been sentenced to 25 years in prison by the POCSO Court in Tuensang for kidnapping and raping a minor girl who was around five years old. The man, Berimong Yim from Kuthur village, was found guilty of committing the offense between April 8 and April 9, 2021. The Special Judge of POCSO Tuensang, Longshithung Ezung, had passed the judgment on May 22. The accused will serve twenty years for the offense under Section 376 AB of the Indian Penal Code (IPC) and the Protection of Children from Sexual Offences Act (POCSO Act). Additionally, he will serve five years for the offense under Section 363 of the IPC. The accused must pay a fine of INR 10,000 for each offense. He will undergo a total of 25 years of imprisonment, with the sentence periods running consecutively.

POSCO is a specialized court formed in India under the Protection of Children from Sexual Offences Act (POCSO Act) to hear cases related to sexual offenses against children. Tuensang is a city in Nagaland, India, and the headquarters of the Tuensang district.

Berimong Yim is a resident of Kuthur village, which is located in Tuensang district in Nagaland. He was found guilty of kidnapping and raping a minor girl aged about five years old.

Five People Injured in Dhar House Wall Collapse in Madhya Pradesh

Editorial Staff
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Several cities in the state of Madhya Pradesh, India were hit by heavy rains and strong winds that caused damage to several areas and left five people injured. In Dhar district, three houses’ walls collapsed due to the adverse weather conditions, causing the injuries. Strong winds also disrupted power supply in the city, with trees and branches falling on power lines. Meteorological scientist HS Pandey explained that a new system is forming as a cyclonic circulation due to an active western disturbance in the state, meaning similar weather conditions are expected in the coming days. A sudden dust storm also caused damage to several houses in remote villages in the area.

The article does not mention any specific company.

Meteorological scientist HS Pandey offered insight into local weather conditions in Madhya Pradesh, India, following heavy rains and strong winds that caused damage to several areas. According to Pandey, an active western disturbance in the state has caused a new system to form as a cyclonic circulation, meaning similar weather conditions are expected in the coming days.

1. Heavy rains and strong winds have caused damage to several areas of Madhya Pradesh, India, leaving five people injured.
2. Strong winds disrupted power supply in Dhar district, causing trees and branches to fall on power lines.
3. Local meteorological scientist HS Pandey explained that a new system is forming as a cyclonic circulation due to an active western disturbance in the state, meaning similar weather conditions are expected in the coming days.
4. A sudden dust storm caused damage to several kuccha houses in remote villages.
5. Traders have suffered a loss of around Rs 4 lakh at the Dhar Utsav Fait due to tents and tin sheds being blown away by the dust storm.

The article mentions Pinki Suresh and three individuals from Saugor who were left injured after a wall collapsed on them due to adverse weather conditions in Madhya Pradesh, India. They were all taken to Dhar district hospital for treatment, although fortunately, there was no loss of life reported at the location.

Jyotiraditya Scindia sets forth plans for enormous Rs 1 lakh crore airport investment

Editorial Staff
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The Union Civil Aviation Minister of India, Jyotiraditya Scindia, has announced a plan to invest INR 1 lakh crore (approximately USD 13.6 billion) in airports in the coming days. Scindia also revealed a detailed expansion plan for airports and metros, aiming to double India’s total number of airports from 74 to 148, with a further increase to over 200 expected within four years. The investment will be a combination of private and government investment, with airports at Jewar and Navi Mumbai also included in the plans. Scindia stated that airlines in India are also increasing their capacity, with Air India placing orders for over 470 planes. In his press conference, Scindia praised the current government’s efforts to connect and empower deprived and exploited people, leading to India becoming the fastest-growing economy and having a thriving startup ecosystem.

The company mentioned in this article is Air India, which has placed orders for over 470 planes, including narrow-body and wide-body planes.

The person mentioned in this article is Jyotiraditya Scindia, the Union Civil Aviation Minister of India, who announced the INR 1 lakh crore investment plan for airports.

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Indian Rail Coach Factory Builds New Rolling Stock for Kalka-Shimla Railway

Editorial Staff
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The Rail Coach Factory in Kapurthala, Punjab, has successfully developed new rolling stock for the 120-year-old Kalka-Shimla Railway (KSR). The railway is unique in that it uses a 762mm gauge track, meaning that creating new coaches presents significant challenges. The design team worked without any digital data for verifying design modelling, as there was no specific data available in Indian Railways for narrow-gauge tracks. The new shell superstructure and furnishing designs were developed based on 3D models created using old blueprints and sketches from the Kalka workshop. Once Railway Board approved the design, the factory moved to the product realization phase. Following successful testing, the prototypes of the fully furnished new coaches have been unveiled and will now undergo oscillation trials at Kalka. The coaches include innovative design features such as a 415V AC/110V DC EOG system, air brake system, panoramic windows, noise and vibration reduction, bio/vac toilets, intercar gangway, and aircraft-type seat mounting rails.

The Rail Coach Factory, based in Kapurthala, Punjab, is responsible for manufacturing and maintaining railway rolling stock. The factory was established in the year 1986, due to the increasing demand for railway coaches. It has since expanded, producing a range of high-quality coaches and wagons for Indian Railways and other railway networks both domestically and internationally.

The article mentions the RCF Design team, which worked on the design and manufacture of the new rolling stock for the Kalka-Shimla Railway. However, it does not refer to any particular individual.

India’s image transformed from colonial to self-reliant in nine years: Jyotiraditya Scindia

Editorial Staff
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Union Civil Aviation Minister Jyotiraditya Scindia praised the BJP-led central government for completing nine years in office and transforming India’s image from colonial to self-reliant. In a press conference, Scindia noted that India’s Prime Minister Narendra Modi has worked on heritage grounds, which is evident with the construction of the grand Ram Temple in Ayodhya. Over nine years, India’s economy has experienced profound growth. The country holds the title of the fastest-growing economy and the second-largest mobile manufacturer worldwide. Additionally, India boasts the highest global fintech adoption rate and the third-largest start-up ecosystem globally. Scindia expressed the government’s commitment to connecting underprivileged and oppressed citizens with mainstream objectives while empowering them. Furthermore, he lauded the government’s achievements in areas directly impacting the farmer’s welfare, such as the Pradhan Mantri Kisan Samman Yojana and Ayushman Yojana.

The BJP-led central government is a prominent political party in India that prioritizes the development of the country. Since its establishment in 1980, the party has championed Hindu nationalism, economic liberalization, and social conservatism. The party gained popularity following the 2014 General Elections when the country’s Prime Minister Narendra Modi became the head of the government.

Jyotiraditya Scindia is the Minister of Civil Aviation and a member of the Bharatiya Janata Party, the ruling party of India. Before joining the BJP, Scindia was a member of the Indian National Congress and briefly served as a minister in the United Progressive Alliance government. Scindia is the grandson of Jivajirao Scindia, the last titular Maharaja of Gwalior.

Saudi Arabia Emerges as a Strong Player in Turbulent Global Financial Markets

Editorial Staff
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The New Development Bank (NDB), also known as the Brics bank, is in talks with Saudi Arabia to join the institution as it looks to plug the financial gaps created by Western investment restrictions in Asia. The NDB has reportedly lent $33 billion to 96 projects since its inception in 2015, while the World Bank has disbursed $67 billion as of June 2022. The addition of Saudi Arabia may ease some of the funding pressure faced by the multilateral institution. However, the interest of oil-rich countries in investing in Asia has historically been cautious. Despite this, economists predict that Middle East funds will invest more in China as global funds withdraw. Meanwhile, bankers are eager for Middle East companies to list in Hong Kong as firms from elsewhere steer clear of the region.

The New Development Bank, or NDB, is a multilateral development bank focused on emerging markets, mostly made up of the BRICS bloc, including Brazil, Russia, India, China, and South Africa. The institution aims to finance infrastructure and sustainable development projects in its member nations and other developing countries. It was established in 2015 and has its headquarters in Shanghai, China.

Una Galani is a Reuters Breakingviews columnist who writes about Asian economic and market issues and has been with Reuters since 2016. Prior to that, she had worked for several years at Reuters’ sister company, Breakingviews, covering the financial sector in the United Arab Emirates.

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