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January 08, 2025

Khaleda Zia leaves Bangladesh for treatment

Bangladesh's ailing former prime minister Khaleda Zia left the nation's capital for London on Tuesday for medical treatment, said one of her advisers. Zahiruddin Swapan, an adviser to Zia, told The Associated Press by phone that the three-time former premier and head of the Bangladesh Nationalist Party left Hazrat Shahjalal International Airport late Tuesday on an air ambulance. "Our senior leaders left the airport seeing her off," Swapan said. Her ailments include liver cirrhosis, cardiac disease and kidney problems, according to her physician. Zia left behind a South Asian nation grappling with uncertainty over its political future after her archrival, former prime minister Sheikh Hasina, was ousted in a student-led mass uprising in August. Zia and Hasina are the most influential politic

January 08, 2025

Mahi Madhusudan Kela, Authum Investment offer to buy Prataap Snacks 26% stake at Rs 865.66 per share

Packaged snack maker Prataap Snacks has received an open offer from Authum Investment & Infrastructure and Mahi Madhusudan Kela to acquire up to 62.98 lakh equity shares which represent 26.01% stake in the company at Rs 865.66 per share.The cash offer comprises a price of Rs 864 per equity share along with an interest component of Rs 1.66 per equity share.The company informed about the development on Wednesday after market hours. Shares of Prataap Snacks today ended at Rs 1,181 on the NSE, up by Rs 34.85 or 3.04% over the Tuesday closing price. Prataap Snacks is a smallcap company with a market capitalisation of Rs 2,800 crore. Authum Investment & Infrastructure, which was incorporated in 1982 is a registered NBFC and is listed on the BSE and NSE. Company's market capitalisation is

January 08, 2025

Former Chief Investment Officer, his sister settle front-running case by paying Rs 91 lakh. Details here

A former Chief Investment Officer of a financial institution and his sister have settled a front running case against them by paying a total of Rs 91 lakh as the settlement amount while opting for a voluntary debarment from the securities market for six months.The accused had filed a settlement application before the Securities and Exchange Board of India (Sebi) proposing to settle the case by neither admitting nor denying the findings of fact and conclusions of law.The case is related to Deven Sangoi and his sister Meghana Gosar against whom, Sebi conducted an investigation to probe potential front running of the trades of an entity, executed during August 1, 2021 and April 30, 2022.Sebi allowed the settlement after a High Powered Advisory Committee (HPAC) in its meeting held on September

January 08, 2025

Family defends Sam Altman in abuse case

Sam Altman, the CEO of OpenAI, is facing a lawsuit filed by his younger sister, Ann Altman, in the U.S. District Court for the Eastern District of Missouri. The lawsuit alleges that Sam sexually abused Ann between 1997 and 2006, starting when she was three years old and he was 12. The complaint describes repeated abuse at their family home in Clayton, Missouri, which Ann claims caused severe emotional distress and lifelong psychological trauma.Specific Claims Detailed in the LawsuitThe lawsuit alleges that the abuse occurred "several times per week," beginning with acts of oral sex and escalating to penetration. Ann further claims that Sam manipulated her into believing the acts were her idea, despite her young age. The complaint outlines significant impacts on her mental health, including

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