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Time of India
19 hours ago
- Business
- Time of India
Shannon Sharpe reportedly exits ESPN after settling sexual assault lawsuit
Shannon Sharpe has exited ESPN just weeks after settling a sexual assault and battery lawsuit, The Athletic reported Wednesday. The former NFL star and media personality had been a prominent contributor on ESPN's morning sports debate show ' First Take ', where his commentary and charisma drew significant attention. Sharpe has parted ways with ESPN less than two weeks after settling a lawsuit filed by a former romantic partner. The 57-year-old NFL Hall of Famer was accused of misconduct stemming from an alleged incident that led to a legal battle earlier this year. 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Days later, Sharpe issued a statement on social media characterising his relationship with the woman as '100% consensual'. Despite denying the allegations, he announced he would be 'electing to step aside temporarily' from his role at ESPN. Sharpe had not appeared on the network since April, and his recent departure comes shortly after the lawsuit was privately settled, marking a dramatic turn in the Hall of Famer's broadcasting career. "I will be devoting this time to my family, and responding and dealing with these false and disruptive allegations set against me," he said in that April 24 statement. He also noted at the time that he intended to return to the network at the start of the NFL preseason. Live Events In a civil lawsuit filed in a Las Vegas district court, a woman identified as 'Jane Doe' accused former NFL All-Pro Sharpe of manipulation and control throughout a nearly two-year relationship that began in 2023, when she was 20. Initially consensual, the relationship allegedly turned abusive, with the complaint claiming that Sharpe, 56, 'violently sexually assaulted and anally raped' the plaintiff in two separate incidents - in October 2024 and January 2025 - in Las Vegas. According to the filing, Sharpe 'blatantly ignored her pleas for him to stop', leading to the civil case, which was recently settled out of court. At the time of the settlement, Buzbee, said, "Both sides acknowledge a long-term consensual and tumultuous relationship. After protracted and respectful negotiations, I'm pleased to announce that we have reached a mutually agreed upon resolution. All matters have now been addressed satisfactorily, and the matter is closed. The lawsuit will thus be dismissed with prejudice." According to The Athletic, the terms of the settlement were not disclosed while the original lawsuit had sought more than $50 million in compensatory and punitive damages. Sharpe, a Pro Football Hall of Famer inducted in 2011, was drafted by the Denver Broncos in 1990 and retired after the 2003 season. At the time of his retirement, he held the NFL records for most receptions, receiving yards, and touchdowns by a tight end. Sharpe won two Super Bowl titles with the Denver Broncos and added a third during his stint with the Baltimore Ravens.
Time of India
2 days ago
- Business
- Time of India
India-UK FTA a big step forward, will help businesses grow: JK Paper CMD Harsh Pati Singhania
New Delhi: Welcoming the India-UK Free Trade Agreement (FTA), Harsh Pati Singhania , Chairman and Managing Director of JK Paper , has said it is a big step forward for businesses and strengthens economic ties between the two countries. He said the deal will boost business growth, enhance confidence among Indian companies, and bring relief to Indian professionals working in the UK by addressing issues related to the social service tax. 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This will help our businesses grow and increase our confidence. Another significant thing is that the people who go to work in the UK for 2-3 years will not suffer anymore because of the social service tax. It is a very big step forward," Singhania said. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Car Finance Between 2007–2020? You May Be Entitled to a Refund. Check Now. My Car Loan Claims Learn More Undo India and the United Kingdom took a big step last week in building a stronger economic partnership with the signing of the Comprehensive Economic and Trade Agreement ( CETA ). The agreement was signed by Commerce and Industry Minister Piyush Goyal and UK Secretary of State for Business and Trade, Jonathan Reynolds in the presence of the two Prime Minister Narendra Modi and his UK counterpart Keir Starmer Live Events The FTA marks a significant milestone in India's engagement with major developed economies and reflects a shared commitment to strengthening economic integration. As the world's fourth and sixth largest economies respectively, India and the UK's bilateral engagement holds global economic significance. The signing of the India-UK CETA follows the successful conclusion of negotiations announced on 6th May 2025. The bilateral trade between the two countries stand at nearly USD 56 billion, with a joint goal to double this figure by 2030. CETA secures unprecedented duty-free access for 99% of India's exports to the UK, covering nearly the entire trade basket. This is expected to open new opportunities for labour-intensive industries such as textiles, marine products, leather, footwear, sports goods, toys, and gems and jewellery, alongside fast-growing sectors like engineering goods, auto components, and organic chemicals. The services sector, a strong driver of India's economy, will also see wide-ranging benefits. The agreement provides greater market access in IT and IT-enabled services, financial and legal services, professional and educational services, and digital trade. Indian professionals, including those deployed by companies to work in UK across all services sectors, professionals deployed on contracts such as architects, engineers, chefs, yoga instructors, and musicians, will benefit from simplified visa procedures and liberalised entry categories, making it easier for talent to work in the UK. The two countries had in May announced the successful conclusion of a mutually beneficial FTA.
Time of India
2 days ago
- Business
- Time of India
From Nehru to my mother's tears, Modi govt said everything but what was needed: Priyanka Gandhi in Op Sindoor debate
Congress MP Priyanka Gandhi Vadra on Tuesday launched a pointed attack on the BJP-led Centre during the Lok Sabha debate on Operation Sindoor , accusing the government of evading accountability over the April 22 Pahalgam terror attack that killed 26 civilians. Priyanka questioned the government's silence on the lapses that led to the tragedy and said, "From Nehru to my mother's tears, the Modi government said everything but what needs to be said — about Pahalgam's failure." 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ISB Venture Capital & Private Equity India Starts on undefined Get Details Skills you'll gain: Duration: 12 Months IIM Kozhikode SEPO - IIMK CEO Programme India Starts on undefined Get Details Referring to Home Minister Amit Shah's earlier remarks in the House, where he recalled seeing Salman Khurshid emerge from Sonia Gandhi's residence in tears after the Batla House encounter, Priyanka Gandhi said, "In the House, my mother's tears were mentioned, and I want to respond to that. My mother's tears fell when her husband was martyred by terrorists, when she was just 44 years old." She added, "I am talking about the 26 victims of Pahalgam because I understand their pain." The Congress leader asked why basic safety arrangements were missing in a known tourist area. "Did the government not know thousands of tourists go to Baisaran Valley? Why was there no security? Why were they left at God's mercy?" she said, questioning the absence of any preventive measures. Live Events Calling out the top leadership, Priyanka asked whether or not safety of citizens is the responsibility of the Prime Minister, Home Minister, Defence Minister, and the National Security Advisor. While acknowledging the valour of the armed forces during Operation Sindoor, she underlined the lack of accountability from the BJP government 's top brass. "You talk of history, I want to talk of present; you must take responsibility for last 11 years." "Taking credit is fine, but Modi must also take responsibility for what happened in Pahalgam," she said.
Time of India
3 days ago
- Business
- Time of India
India on Firm Footing but it's Shaky Ground Globally
India has its economic task cut out over the medium term due to the ongoing 'momentous shifts' in global supply chains amid the squeeze on semiconductors, rare earth magnets and other critical components, the finance ministry said on Monday. The finance ministry's monthly economic review in June brought into focus China's curbs on rare earth magnets — that have emerged as a key challenge for Indian manufacturers. 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The economy has the 'look and feel of 'steady as she goes' as far as FY26 is concerned,' but continued uncertainty over US tariffs may be a drag, it said. The ministry also cautioned that slow credit growth and dull private investment appetite could hamper India's growth momentum. Nevertheless, it underscored the economy's resilience and said it had entered the second quarter of FY26 on a relatively firm footing. The ministry said core retail inflation remains subdued and headline inflation is comfortably below the central bank's 4% target, 'affording room for the easing cycle to be sustained.' FY26 inflation could come in below the Reserve Bank of India (RBI) expectation of 3.7%, it said. Global crude oil prices are expected to remain subdued, following a larger-than-anticipated production hike by Opec and allies, it added. The central bank started the latest rate-easing cycle in February and has cut the key repo rate by 100 basis points so far this year, to 5.5%. The ministry called on private sector companies to piggyback on government initiatives, such as the Employment Linked Incentive scheme, to bolster investment. It acknowledged that credit growth has slowed despite monetary easing and a strong bank balance sheet, reflecting cautious borrower sentiment and possibly risk-averse lender behaviour. A growing preference for the debt market by companies, particularly commercial paper, due to lower borrowing costs, may also partly explain the shift. The economy at this point presents a picture of 'cautious optimism,' the report said. 'Despite global headwinds marked by trade tensions, geopolitical volatility and external uncertainties, India's macroeconomic fundamentals have remained resilient,' it said. Thanks to robust domestic demand, fiscal prudence and monetary support, India appears poised to continue as one of the fastest-growing major economies, with various forecasters projecting FY26 growth rate of 6.2-6.5%, it said. The farm sector's performance, backed by adequate rainfall and water reserves, continues to serve as a stabilising pillar for the broader economy and will bolster rural demand outlook, said the report. It cited the rural sentiment survey by the National Bank for Agriculture and Rural Development (Nabard). This said 74.7% of rural households expected income growth in the coming year, the most since the survey's inception. The finmin report called for analysing economic momentum in nominal quantities as well, given the deflationary trend in the wholesale price index.
Time of India
24-07-2025
- Business
- Time of India
Delhi court grants pre-arrest bail to Pharmacy Council of India chief in corruption case
A Delhi court has granted anticipatory bail to Pharmacy Council of India (PCI) president Montu M Patel in an alleged multi-crore-rupee scam, prima facie finding the allegations against him not backed by "any cogent material". In an order on July 23, special judge Sushant Changotra said, "The courts are under a bounden duty to strike a fair balance vis-a-vis the protection of personal liberty of an individual and the right of the investigating agency for fair investigation." 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The action against Patel was taken based on the findings of a preliminary enquiry, indicating instances of alleged corruption, control and potential manipulation in granting approvals to colleges, besides initial allegations against him of pre-election inducements and post-election nepotism. Live Events Judge Changotra, however, said the accused had already joined the investigation and he was not at flight risk besides no recovery was to be effected from him and no facts necessitated his custodial interrogation. The alleged offences, the court said, were punishable with a maximum punishment of seven years. Despite the court's queries, it was observed the investigating officer (IO) failed to specify how he had quoted the bribe amount of Rs 5,000 crore and instead said it was arrived at via "secret information" and "media reports". The judge said the ownership of the properties worth Rs 118 crore, allegedly purchased by Patel, was not specified, nor were the dates of purchase mentioned. "Further, perusal of the case diary of the IO vis-a-vis the interrogation of the accused shows that he was not confronted with the aforementioned facts. The said facts on the face of it make the allegations qua the above stated quantum highly doubtful," the order read. The court wondered if the allegations were true, how was the agency unable to find any material to support the case despite investigating it for over two years. He said there was "absolutely no material" to show that Patel took any bribe amount or favour from any person regarding the discharge of his duties. "The court is constrained to note that the IO/prosecution have not been able to show any cogent material in support of the allegations against the accused," the court said. The reprieve was allowed on furnishing a bail and surety bond of Rs 1 lakh each besides saddling Patel with condition that included not tampering with the evidence and joining the investigation whenever required. The Pharmacy Council of India is statutory body under the central Ministry of Health and Family Welfare . PTI
