Curb ‘lawlessness' in ZPTC bypolls, YSRCP urges SEC
Led by MLCs Lella Appi Reddy, Mondithoka Arun Kumar, Kalpalatha Reddy, and former ministers Perni Venkataramaiah (Nani), Velampalli Srinivas, and Jogi Ramesh, the group accused the TDP-led alliance of using compromised officials to intimidate voters, distribute cash, and attack YSRCP workers in Pulivendula, the home constituency of former chief minister Y S Jagan Mohan Reddy. Perni Nani claimed TDP leaders offered Rs 10,000 per vote and confiscated voter slips.
The delegation demanded voter list redistribution, public announcements, helplines, and CCTV cameras at polling stations to ensure fair elections. They warned that the TDP's tactics would fail, asserting that free and fair elections would favor YSRCP, and the ruling alliance's actions would lead to its political downfall.
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Indian Express
7 minutes ago
- Indian Express
Fund manager arrested for ‘front-running' seeks bail, claims company thrived in his tenure
The former chief trader and fund manager of Axis Mutual Fund arrested by the Enforcement Directorate (ED) over allegations of cheating through front-running, has claimed in his bail plea that the mutual fund 'only thrived' during his tenure and that he regularly received 'outstanding' ratings in annual appraisals. Viresh Joshi was arrested on August 2 by the ED ,for allegedly misusing confidential information on trades to be executed on behalf of Axis Mutual Fund to preemptively trade stocks, generating substantial illicit gains, through front-running — an illegal trading practice where a fund manager or broker exploits a non-public impending large investment decision to take a position and benefit from price rise after the large investment. The ED has claimed that it suspects the proceeds of crime to be Rs 300 crore in the case, with Rs 91 crore so far traced to bank accounts of family members of Joshi from various shell companies. 'The applicant's (Joshi) professional conduct throughout his 14-year-tenure at Axis Asset Management Company, (AMC) has been beyond reproach. He consistently met or exceeded performance targets, earning timely promotions from assistant vice president to senior vice president and regularly receiving 'outstanding' ratings in annual appraisals. His integrity and diligence were recognised through multiple internal awards….and invitations to speak at prominent industry forums,' the bail plea filed through lawyer Manan Sanghai said. 'The conduct of the applicant during his tenure more than sufficiently adduces that Axis Mutual Funds only thrived while the applicant was employed with them as is evidenced by the publicly available documents issued by AMF in respect of its own mutual funds scheme,' it said. Joshi further said that all trades were routed only through empanelled brokers and he had no discretion over trade selection, timing or price and operated strictly within a tightly regulated framework. 'The applicant's role was operational in nature and served solely to assist between the fund manager's decision and the said decision's market execution,' the bail plea said. In February 2022, the board of directors of the Axis AMC decided to conduct an internal investigation and all employees were asked to hand over their personal and work email ID with passwords, office computer data, office mobile recorded phones, work from home laptops, personal phones, to an external independent investigator. Joshi was placed under temporary suspension on May 3, 2022, and was terminated on May 18, 2022. Market regulatory authority, Securities and Exchange Board of India (Sebi) had initiated a probe and summoned Joshi. He submitted that he had complied with the summons and his statement was recorded. Sebi passed an interim order in 2023 stating that Joshi was involved in 'front-running', and directions were issued including repayment of alleged illegal gains of Rs 30.56 crore. The bail plea says that the allegations are based on snippets of chat and incomplete trade logs and other data, and is pending finality. Joshi in his plea has said that he has cooperated with the probe, spanning multiple parallel agencies, including the Sebi, EOW, Income Tax department and ED and that he is not a flight risk. The ED has been asked to file a reply.
Economic Times
7 minutes ago
- Economic Times
Andhra CM N Chandrababu Naidu to launch 'Stree Shakti' free bus scheme for women on August 15
Synopsis Andhra Pradesh Chief Minister N Chandrababu Naidu is set to launch the 'Stree Shakti' scheme on August 15 in Vijayawada, offering free bus travel to women, girls, and transgenders with Andhra Pradesh domicile. This initiative covers five categories of APSRTC bus services across the state. Officials are updating epos machines and undertaking bus station repairs to ensure a smooth rollout. ANI Andhra CM Chandrababu Naidu Andhra Pradesh Chief Minister N Chandrababu Naidu will launch 'Stree Shakti', a statewide free bus travel service for women, on August 15 at Pandit Nehru Bus Station in scheme to be launched on Friday afternoon will offer free bus rides to girls, women and transgenders with Andhra Pradesh domicile status, said an official press release on Tuesday. "Stree Shakti scheme will be launched by the Chief Minister on 15th (Aug 15) afternoon at Pandit Nehru Bus Station in Vijayawada," it a review meeting on 'Stree Shakti', officials informed the CM that women can travel across the state in the five categories of Pallevelugu, Ultra Pallevelugu, City Ordinary, Metro Express and Express services of Andhra Pradesh Road Transport Corporation (APSRTC) bus also said that software in epos (electronic point of sale) machines for issuing zero-fare tickets will be updated by August 14. Naidu instructed officials to ensure a smooth rollout of 'Stree Shakti', including taking feedback from the he directed officials to complete the repairs of bus stations taken up with a cost of Rs 30 crore by December. The officials were also directed to undertake a comprehensive study to create a new scheme for auto rickshaw drivers, combining central government schemes. PTI
News18
7 minutes ago
- News18
Woman's mutilated body found in Hathras, police arrest kin for murder
Agency: Last Updated: August 12, 2025, 20:00 IST Representational image (Image: News18) Hathras (UP), Aug 12 (PTI) Two days after a woman's mutilated body was found along a canal bank here, police arrested her father and step-grandfather in connection with the murder. The woman's stepmother has also been detained in the matter, police said. Investigations began on August 10 after villagers in the Bahardoi Shahbazpur area spotted the dismembered body near an irrigation canal. Five police teams were formed to investigate the case as initial efforts to identify the victim failed. On Monday, the police identified the victim as Tamanna (19) from Adhauna village in Akrabad, Aligarh district. Her uncle, Abdul Farahim Khan, confirmed the identity and lodged a complaint against unidentified persons. During the investigation, police found that the woman's father, Hasrat Ali, her step-mother, and the step-grandfather, Rajjo Pehalwan alias Raju from Alhaipur village in Hathras district, were involved in the murder, they said. On Tuesday morning, police arrested Hasrat and Rajjo near a canal in Salempur, and detained the stepmother from her parental home in Alhaipur. According to police, Hasrat had divorced Tamanna's mother six years ago and remarried, following which she lived with her father and stepmother. In July, she allegedly left home with a young man from Aligarh for a short time before returning. This allegedly enraged Hasrat and his second wife, leading to harassment and physical abuse, police said. On August 8, Tamanna left her home quietly in the afternoon but was intercepted by her father and stepmother near the Panethi Bridge in Aligarh. Fearing social stigma, the two plotted to kill her and also involved the step-father. Swipe Left For Next Video View all Superintendent of Police Chiranjeev Nath Sinha said, 'the girl was lured to her step-grandfather's house in Chandpa, where she was drugged, strangled, and then taken to the canal. There, the stepmother and step-grandfather held her while the father slit her throat with a knife." 'They also dishevelled her clothing to mislead investigators about the nature of the crime," he said. All three suspects were arrested within 48 hours, and the team that solved the case will receive a reward of Rs 25,000, Sinha added. PTI COR KIS OZ OZ (This story has not been edited by News18 staff and is published from a syndicated news agency feed - PTI) view comments News agency-feeds Womans mutilated body found in Hathras, police arrest kin for murder Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy. Read More
