HDB Financial Services' Rs 12,500 crore IPO priced at Rs 700-740
The IPO includes a Rs 2,500 crore fresh capital sale and Rs 10,000 crore offer for sale (OFS) from its parent company.
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Time of India
an hour ago
- Time of India
Strong room being built in Talacauvery to secure temple jewels
Madikeri: A strong room is under construction in Talacauvery, the birthplace of Cauvery River and an important religious place in Kodagu, to keep temple jewels. Many years ago, when BBMP leaders visited Talacauvery, they gave a grant of Rs 1 crore for the development of the area. Using this money, the construction of the much-needed strong room has now begun. Along with this, a water storage tank is also being built to provide drinking water during the summer in Talacauvery area. Although there is already a tank in the area, another tank is being built as the water runs out. Preparations are under way to construct a 12-foot-high, 70-foot-long barrier wall on the western side of the strong room. Currently, in this BBMP-funded project, a room is being built for a security guard to protect the gold and jewellery, which will be kept in the strong room, said assistant engineer of the public works department DM Girish, who is in charge of the works. More room for priests After the house of late Narayanachar, who was the previous chief priest in the area, was washed away, the priests have requested suitable residential facilities for priests. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Giao dịch CFD với công nghệ và tốc độ tốt hơn IC Markets Đăng ký Undo Girish said that the construction of one house for archaks on this land is included in the project. He said space has been left for the construction of more houses for the priests. But the money available with the BBMP grant is not enough to build these houses now. He confirmed that there are opportunities to build houses and provide facilities in the future. Kodi Motaiah, Prapathegar of Talacauvery, explained that the officials have decided that ornaments from Bhagamandala during the Talacauvery festival can be kept in this strong room at Talacauvery for about a month. Only if the administrative committee takes a decision, the ornaments can be kept permanently in this strong room. But he said that compliance is possible only after receiving instructions from the administrative officers. Meanwhile, steps have been taken to develop the Yatri Nivas building in Bhagamandala for the convenience of tourists. Girish explained that the construction of rooms will be carried out with the present available grant of Rs. 80 lakh.
Time of India
an hour ago
- Time of India
HC rejects plea by IAS officer, kin seeking quashing of CBI probe into graft charge
1 2 Cuttack : The Orissa high court on Friday dismissed a writ petition filed by senior IAS officer Bishnupada Sethi, his wife and daughter seeking to quash a CBI investigation into alleged corruption. The court ruled that the petition was "premature and not maintainable", as the investigation was still at a nascent stage. The case stems from the arrest of a PSU executive on Dec 8 last year for allegedly accepting a Rs 10 lakh bribe from a Bhubaneswar-based real estate firm. During interrogation, Sethi's name emerged, prompting a CBI search at his residence on Feb 18 this year. The petitioners alleged procedural violations and harassment, and sought the return of seized materials. Justice S K Panigrahi, however, rejected these claims, emphasising that the extraordinary writ jurisdiction under Article 226 of Constitution cannot be misused to derail legitimate investigations. "Higher the office, greater the responsibility," he observed, noting that Sethi, as a senior bureaucrat, is expected to uphold legal integrity, not evade scrutiny. The court stressed that no chargesheet had been filed yet, and interference at this point would undermine both investigative processes and public interest. It criticised the petitioners' approach as "forum-shopping" and warned against setting a precedent that powerful individuals can shield themselves from legal accountability. The court clarified that its refusal to intervene does not equate to a presumption of guilt, and the petitioners retain full rights to defend themselves during trial. However, it maintained that mere status or reputation cannot justify halting a probe into serious allegations of public corruption. On Feb 25, Justice Panigrahi had ordered, "As an interim measure, it is directed that no coercive action shall be taken against the petitioners till the next date." The interim restriction was extended from time to time and was in force till the petition was dismissed on Friday.
Time of India
an hour ago
- Time of India
K'taka moots 10yr jail for fake news, misinformation
Bengaluru: The Karnataka govt has resolved to crack down on fake news and misinformation by constituting a six-member social-media regulatory authority to ban promotion and spread of fake news on social media, prohibit posting of content insulting to women, ban publication of content that disrespects Sanatana Dharma, its symbols, beliefs and content which promotes superstition. U nder Karnataka Misinformation and Fake News (Prohibition) Bill 2025, accessed by TOI, the govt has proposed up to seven years in prison or Rs 10 lakh fine or both if social-media users are found guilty of sharing unverified information. It has also suggested a two- to five-year jail term and fine for misinformation on social media or in publications. These offences will be considered cognizable but non-bailable. The social-media regulatory authority will ensure content posted on social media should be based on authentic research on subjects related to science, history, religion, philosophy and literature. To fasten accountability, the bill states special courts will be set up with Karnataka high court's concurrence, with a sessions judge presiding over one or more districts. The special courts will issue directions to intermediaries, publishers, broadcasters, or any other persons exercising control over communication medium disseminating misinformation to persons in Karnataka. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Use an AI Writing Tool That Actually Understands Your Voice Grammarly Install Now Undo The proposal It gives the aggrieved parties 30 days to respond to notices. If directions are ignored, then the court can issue punishment of simple imprisonment of up to 2 years and a fine of Rs 25,000 a day, subject to a maximum of Rs 25 lakh. The bill suggests action against directors of companies and employees, who were present during the violation of the laws if their company is found guilty. It suggests special public prosecutors for every special court for fake news and misinformation, besides proposing punitive action under Bharatiya Nyaya Sanhita against persons posting fake news. Ends GFX What is fake news? Misquotation, false, inaccurate report of one's statement, editing audio or video resulting in distortion of facts, context, or purely fabricated content. What is misinformation? Knowingly, recklessly making false or inaccurate statement of fact -- wholly or in part -- in the context in which it appears, excluding opinions, religious or philosophical sermons, satire, comedy or parody, or any other form of artistic expression if a reasonable man of ordinary prudence does not pursue such communications as statements of facts. Punishment: For fake news: 7 years imprisonment and Rs 10 lakh fine For misinformation: 2 to 5 years; for those who abet, punishment up to 2 years For those who fail to abide by court directive: Up to 2 years imprisonment and a fine of Rs 25,000 per day up to Rs 25 lakh .................................................................................................. 3-yr jail, 5k fine for hate speech, crime Bengaluru: A bill on prohibition of hate speech and hate crimes is on the table, mooting punitive action of up to three years imprisonment and a fine of up to Rs 5,000 against those found guilty. Karnataka Hate Speech and Hate Crime (Prevention and Control) Bill of 2025 has listed 11kinds of offences of hate speech and hate crime: Religion, race, caste or community, sex, gender, sexual orientation, place of birth, residence, language, disability, or tribe. It exempts those who are "bona fide artistic, creativity, performance or other forms of expression or academic or scientific inquiry, fair and accurate reporting or commentary in the public interest or in the publication of information, commentary, advertisement or notice or espousing of any religious tenet, belief, teaching, doctrine or writings that do not advocate hatred". ++++ Explainer What is hate crime? Any person who harms or incites harm or promotes hatred out of prejudice against or intolerance towards any other person because of victim's perceived characteristics, his or her family member or victim's association with, or support for, a group of persons who share any one or more such characteristics. What is hate speech? One who intentionally publishes, propagates, advocates anything or communicates to one or more persons that could reasonably be construed to demonstrate a clear intention to harm or incite harm or promote or propagate hatred.
