Tag: llv news

  • Swiggy Shares Fall: Investors React as Lock-in Period Ends”

    Swiggy Shares Fall: Investors React as Lock-in Period Ends”

    Swiggy, a new platform that delivers food and groceries, saw its shares drop by 4.4% on Wednesday morning, reaching a low of Rs 519.50 on the BSE stock exchange. This happened because 6.5 crore shares, which represent 3% of all Swiggy shares, became available for trading after the end of a lock-in period for early investors. Some of these investors might have sold their shares to take profits.

    Despite this drop, Swiggy’s stock is still up about 33% compared to its initial public offering (IPO) price. Just before this drop, the stock climbed over 5% after a global brokerage called CLSA gave it a positive review, saying it expects Swiggy to grow and become more profitable. CLSA thinks that the demand for fast delivery services in India will grow six times from 2024 to 2027.

    In its latest financial report, Swiggy shared that its revenue grew by 30% year-over-year, reaching Rs 3,601.5 crore, a jump from Rs 2,763.3 crore in the previous quarter. This shows strong growth for the company, as the total value of customer orders also rose 30% to Rs 11,306 crore.

    Another research firm, Motilal Oswal, believes that Swiggy’s food delivery business will grow by 12.5% annually, while its quick delivery service is expected to grow even faster at 23.6% per year. They mentioned that Swiggy plans to grow quicker than its main competitor, Zomato, in the food delivery sector.

    Swiggy also has ambitious plans, including doubling the number of its dark stores (warehouses for quick deliveries) by March 2025 and investing Rs 1,600 crore in its Scootsy Logistics. Additionally, they are starting a new subsidiary focused on sports ventures.

  • Mushtaq Khan’s Shocking Kidnapping: A 12-Hour Nightmare for Ransom”

    Mushtaq Khan’s Shocking Kidnapping: A 12-Hour Nightmare for Ransom”

    Mushtaq Khan, a well-known actor famous for movies like “Welcome” and “Stree 2,” was recently kidnapped. He was invited to an event in Delhi and was promised flight tickets and money upfront. But when he got to the Delhi airport, kidnappers tricked him into getting into a car. They drove him far away, near Bijnor, and kept him for 12 hours, demanding a huge ransom of one crore rupees. They also took more than ₹2 lakh from both his and his son’s bank accounts.

    Mushtaq’s business partner, Shivam, shared how Mushtaq managed to escape. One morning, he heard the call to prayer (Azaan) from a nearby mosque and realized he was close to help. He ran away, found people nearby, and called the police to get back home. Mushtaq and his family were shaken by the experience, but he was determined to report the crime. Shivam visited Bijnor to file an official police report. They have proof, including flight tickets and bank records, to help catch the kidnappers.

    This isn’t the first time a celebrity has faced such danger. Comedian Sunil Pal also got kidnapped recently while going to a private event in Haridwar. He was forced to pay ₹8 lakh to be released after the kidnappers initially asked for ₹20 lakh. Shivam expressed concern over two stars from the industry experiencing similar kidnappings. He hopes this raises awareness and leads to better protection for everyone. For now, Mushtaq Khan is recovering well and plans to speak to the media soon.

  • Indian Overseas Bank Gains ₹1,359 Crore Refund and 24% Profit Surge!

    Indian Overseas Bank Gains ₹1,359 Crore Refund and 24% Profit Surge!

    Indian Overseas Bank (IOB) is in the spotlight after getting a big refund! The bank announced that it will receive Rs 1,359.29 crore (over Rs 1,359 million) from the tax department for the assessment year 2015-16. This amount includes extra money for interest as stated in tax law. The refund order was issued on August 17, 2024, and the bank learned about it on December 10, 2024, through the Income Tax Portal.

    This refund comes after earlier decisions were made by tax officials in March and December 2023.

    In the last three months of 2024, Indian Overseas Bank also reported a big jump in profits. They made Rs 777 crore, which is 24% more than the same time last year when they earned Rs 625 crore. This increase was due to more interest income and new customers. The total interest earned during this period was Rs 6,851 crore, compared to Rs 5,821 crore a year earlier.

    The bank’s problems with unpaid loans, known as non-performing assets (NPAs), also improved. The gross NPA dropped to 2.72% from 2.89% in the previous quarter, and the net NPA fell to 0.475%. In simple terms, they are doing better at collecting money owed to them.

    As for the stock market, IOB’s shares closed at Rs 56.8, down by 1% recently. However, the stock has risen by 30% in 2024 and has increased by 120% over the past two years, making its total market value Rs 1,07,460 crore.

  • South Korea’s President Yoon Investigated; Police Raid Office

    South Korea’s President Yoon Investigated; Police Raid Office

    On Wednesday, South Korean police searched the presidential office, as President Yoon Suk Yeol is being investigated for declaring martial law. This decision has raised concerns about his actions, even though he hasn’t been arrested or questioned yet.

    The police have also searched other places, including the National Police Agency and the National Assembly Security Service. The top police leaders, including National Police Agency Commissioner General Cho Ji Ho and Seoul’s police chief Kim Bong-sik, are under investigation for helping enforce the martial law last week.

    The situation is serious as the main opposition party plans to introduce a new impeachment motion against President Yoon on Saturday. This comes after a previous impeachment attempt failed because ruling party members did not participate in the vote.

    The tensions over Yoon’s martial law declaration have caused political chaos, affected international relations, and disturbed financial markets, making many question whether he can finish his term as president.

    After the earlier impeachment attempt, a leader from Yoon’s party suggested they might look to hold early elections, hinting that Yoon could be sidelined. This has drawn criticism as many believe it goes against the Constitution, which states that impeachment is the only way to temporarily remove presidential powers. The Defense Ministry confirmed that Yoon is still in charge of the country’s military.

    The two detained police leaders are currently being held at a city police station as investigators look into their actions during the martial law situation that started on the evening of December 3.

  • Interstellar’s Box Office Surprise: A 10-Year Celebration

    Interstellar’s Box Office Surprise: A 10-Year Celebration

    This past weekend, the hardest movie ticket to get in the U.S. was for a well-known film: Christopher Nolan’s Interstellar. Even though people have been able to watch it at home for years, this sci-fi masterpiece made $4.5 million with only 166 screenings in the U.S. and Canada. The special 70mm IMAX showings sold out quickly, and some fans paid up to $300 to see it again.

    Nolan, who directed Interstellar, was thrilled to see so many fans coming to enjoy his work on the big screen after ten years. “It’s really rewarding to see that it continues to have a life,” he said. He worked hard to make sure Interstellar was filmed using traditional movie film instead of digital because he believed in its quality.

    When the movie first came out, it received some criticism but eventually became a classic loved by many. Nolan noticed a lot of young fans who had seen it at home but wanted to experience it in theaters. So, just in time for the movie’s tenth anniversary, Nolan reached out to IMAX and Paramount to arrange a special re-release, and it was a huge success.

    This weekend’s turnout showed that movie lovers still value the experience of watching films in theaters. IMAX screens accounted for a significant portion of the film’s earnings, showing that people are eager for that big-screen experience. Fans were quick to buy tickets and even sold out late-night showtimes.

    Nolan is excited about the future. He’s currently testing new film technology for his next movie and enjoying movie outings himself. “It was magical to see a full house on that film,” he said.

  • Atul Subhash’s Suicide: Raising Concerns for Men’s Rights in India”

    Atul Subhash’s Suicide: Raising Concerns for Men’s Rights in India”

    The tragic story of a 34-year-old man, Atul Subhash, from Bengaluru, has raised important conversations about men’s rights and fairness in India’s legal system. Atul, who worked in technology, was found dead in his apartment. He left behind a 24-page note and a video that showed his struggles.

    Atul’s brother, Bikas Kumar, reported that Atul faced ongoing harassment from his estranged wife, Nikita Singhania. They allegedly demanded a huge sum of money—Rs 3 crore—to end legal battles and Rs 30 lakh just to see their son. Bikas revealed that Atul was often mocked in court by his wife’s family, leading him to feel hopeless. In his video, Atul expressed his frustration, saying, “It’s better for me to end my life because my hard-earned money only helps my enemies.”

    Just before his death, Atul posted on social media, reaching out to influential figures like Elon Musk and Donald Trump. He claimed that men were unfairly treated by the legal system in India and called attention to the need for change.

    Atul’s family has called for justice and expressed concerns about how the legal system fails men. His father shared that Atul attended court hearings many times but felt stuck in a system that didn’t help him.

    Before dying, Atul planned his last steps carefully, backing up important files and sending final goodbye messages. His friend Jackson said that Atul seemed less depressed and more frustrated with the treatment he was receiving.

    Atul’s case is now under police investigation, and his family is pushing for action against his wife’s family and a judge mentioned in his note. They claim that the treatment Atul received ultimately led to his tragic death and hope for reforms to prevent such situations in the future

  • Kushayb’s War Crimes Trial: Wrapping Up Horrors of Darfur

    Kushayb’s War Crimes Trial: Wrapping Up Horrors of Darfur

    The trial of a powerful Sudanese militia leader, Ali Kushayb, is ending this week at the International Criminal Court (ICC). He faces serious charges for crimes committed in Darfur during Sudan’s civil war, including rape, murder, and torture. Prosecutors say he was a key figure in the Janjaweed militia, responsible for attacking villages and harming many innocent people.

    During the war from 2003 to 2004, it’s reported that civilians were hurt, homes were destroyed, and thousands were forced to flee. The ICC prosecutor explained that Kushayb led group attacks where people were captured and killed without mercy. He has denied all wrongdoing and claims he is not guilty.

    This case is important because it is the first one brought up after the UN Security Council sent it to the ICC. Sudan is still facing violence today between two fighting groups, which has resulted in many more deaths and displacements. Just recently, an airstrike in North Darfur killed over 100 people during a market attack.

    The ICC is also looking into the current situation in Sudan, and the prosecutor hopes to hold more people accountable for their actions soon.

  • South Korea’s Police Chiefs Arrested in Martial Law Investigation

    South Korea’s Police Chiefs Arrested in Martial Law Investigation

    Two of South Korea’s top police officers have been arrested as part of an investigation into President Yoon Suk Yeol’s recent martial law declaration. This news comes just before the main opposition party, the Democratic Party, plans to vote on a new impeachment motion against Yoon.

    Last week, Yoon’s former defense minister, Kim Yong Hyun, was also arrested. He is accused of leading the effort to enforce martial law and misusing power. Kim is the first person arrested related to the martial law situation from December 3.

    The police chiefs, Cho Ji Ho and Kim Bong-sik, are being held at a police station in Seoul. They are under investigation for sending police to block members of parliament from entering to vote against the martial law decree. Armed troops were also sent to the parliament but were unable to stop lawmakers from rejecting the martial law quickly.

    During a hearing, Army Special Warfare Command chief Kwak Jong-keun said that he received direct orders from Kim Yong Hyun to stop lawmakers from entering Parliament. Yoon reportedly also called Kwak and asked to remove lawmakers forcefully. Although they discussed the orders, taking physical action against lawmakers was ruled out.

    An officer from the military’s intelligence unit shared that his superior asked if there was a place to detain political figures after martial law was declared. Meanwhile, the opposition argues that the martial law was illegal, as it can only be declared in times of war or severe emergencies. In Yoon’s announcement, he called for a need to fight against his political rivals.

    Many believe this unfolding situation could lead to Yoon being impeached. If that happens, his powers would be paused until a court decides his fate. If removed, a new election would be held.

    North Korea’s state news agency took notice of the protests happening in South Korea, using harsh words against Yoon, labeling him a “traitor.” This indicates that North Korea is aware of the unrest, which could inspire its own people who lack access to outside news.

  • “Press Act: Urgent Need to Protect Journalists in Changing Politics

    “Press Act: Urgent Need to Protect Journalists in Changing Politics

    In 2021, Attorney General Merrick Garland made new rules to protect journalists. These rules say that the government shouldn’t go after journalists’ notes or communications with their sources unless there’s a serious situation, like preventing violence. But these rules can change with different leaders.

    Now, President-elect Donald Trump is coming into power, and he has a history of being unfriendly to journalists. He wants Congress to stop these protections, saying they shouldn’t pass a bill called the Press Act, which would make these protections into law. This act has already passed the House of Representatives without any arguments and would stop the government from using tools like subpoenas to invade reporters’ privacy.

    Some Republican senators support this bill, but Trump’s disapproval makes them think twice. In the past, both Democratic and Republican leaders have attacked reporters to find out their sources, which is dangerous for Free Speech. If reporters can’t keep their sources secret, people might be afraid to share information that helps the public.

    Some critics believe this bill could cause more leaks that would hurt national security. But the reality is that recent government rules didn’t lead to more leaks. It is important now to stand up for journalists because they are vital for uncovering government misconduct. Leaders in the Senate, like Chuck Schumer, need to push to make the Press Act a reality before Congress ends this year.

  • U.S. Eyes Tougher Sanctions on Russian Oil Trade: What You Need to Know”

    U.S. Eyes Tougher Sanctions on Russian Oil Trade: What You Need to Know”

    The U.S. government is thinking about putting stronger rules on Russia’s oil trade. They want to make it harder for Russia to fund its military, especially with Donald Trump coming back to the White House soon. According to Bloomberg News, the plans aren’t final yet, but President Joe Biden’s team is looking at options that could target some Russian oil exports. These new rules aim to limit the money Russia makes from selling oil and to help stop the conflict