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Indian Express
6 days ago
- Indian Express
UP man acquitted in dowry case after wife's suicide, Allahabad HC orders Rs 2 lakh compensation for him
The Allahabad High Court has directed that Rs 2 lakh be paid to a man acquitted in a dowry-related harassment case, observing that he was subjected to 'vexatious criminal prosecution,' while dismissing an Uttar Pradesh government appeal against his acquittal. The order came on an appeal filed under Section 378(3) of the CrPC challenging the acquittal of Dhirendra Kumar, whose wife, Pinki Jaiswal, was found dead in their house in March 2022. An alleged suicide note recovered by police cited 'academic stress' and stated neither her parents nor in-laws were responsible. The trial court acquitted Kumar on July 4, 2024. The State argued the acquittal was 'misconceived' and sought leave to appeal. Kumar's counsel countered that the trial court had correctly evaluated evidence, including the suicide note produced by the prosecution. Quoting Section 378 of the CrPC, the court noted that directions to file appeals against acquittals must be exercised 'sparingly and with circumspection' and only on 'substantial and compelling reasons… good and sufficient grounds… very strong circumstances, a distorted conclusion and apparent mistake.' Mere reproduction of these phrases, it added, is not enough; reasons must be 'clear and explicit' in the application for leave to appeal. The bench said Kumar, who got an 'honourable acquittal,' must be paid Rs 2 lakh within 30 days 'as just and proper compensation for vexatious criminal prosecution.' The FIR, lodged by the deceased's brother at Sikandrabad police station, Bulandshahr, accused Kumar of dowry harassment under IPC sections 498-A, 304-B, 316, 506, and provisions of the Dowry Prohibition Act. The brother alleged that Kumar refused to bear her food and education expenses, disowned her pregnancy, demanded more dowry, and threatened to kill her. The suicide note, however, said she was pursuing an and ended her life due to 'study stress.' The postmortem found death due to asphyxia from hanging and confirmed she was not pregnant. Police filed a chargesheet after investigation.
Mint
20-05-2025
- Business
- Mint
Global Investing for Indians: Secure Your Future & Fund Foreign Education
In an age where borders are porous but portfolios remain parochial,Mint Horizons came to Delhi with a bold proposition: it's time Indian investors stopped thinking domestically and started planning globally. If you want Mint Horizons to come to your city, register here. The evening began with Neil Borate, Deputy Editor at Mint, setting the tone by framing global investing as more than just a financial decision — it's a mindset shift. "We're no longer living in an economy isolated from global trends. Whether it's higher education, market volatility, or technological innovation — every decision has a cross-border implication," he said. From navigating market risk to funding international education, the Delhi edition brought together a diverse group of experts: Dhirendra Kumar , Founder & CEO of Value Research , Founder & CEO of Value Research Piyush Gupta , Co-founder & CTO of Zinc Money , Co-founder & CTO of Zinc Money Elizabeth Roche , Associate Professor at OP Jindal Global University , Associate Professor at OP Jindal Global University Ambassador Dr. Mohan Kumar , Former Indian Ambassador to France , Former Indian Ambassador to France Ajay Srivastava, Founder of Global Trade Research Initiative Kicking off the keynote was Dhirendra Kumar, who reflected on how Indian investors — and his own portfolio — have evolved. Kumar shared that nearly 25% of his total assets are now globally allocated, predominantly in Nasdaq 100 and FANG+ ETFs. 'I've always invested in what I understand — and I understand technology,' he said. His decades-long conviction in the U.S. tech ecosystem has paid off, delivering returns far superior to his Indian mutual fund holdings. Mint Money Editor Neil Borate with Dhirendra Kumar, CEO of Value Research But despite his strong advocacy for global diversification, Kumar cautioned against immediate enthusiasm. Many international ETFs available to Indians today, like FANG+ and Nasdaq 100, trade at a 10–25% premium to their NAV, making them inefficient entry points. You can watch Kumar's segment and others in the video below, Piyush Gupta, Co-founder & CTO of Zinc Money, presented an alternative, make global investing systematic and aligned with life goals — especially children's foreign education. Gupta explained that higher education abroad is no longer a distant aspiration. With over 1 million Indian students studying overseas, the need tosave, invest, and even borrow in USD has become urgent. Zinc Money — a Gift City-based fintech — helps Indian parents do just that. Using their regulatory licenses (RIA, broker-dealer, PSP), they offer goal-based portfolios, dollar wallets, and even international education loans — all within a SEBI-equivalent framework. Their flagship innovation: aGlobal Target Savings ETF (2031–34) that mimics the lifecycle of an education goal. The ETF starts with higher equity exposure and gradually de-risks toward debt as the education date nears — with no dividend payouts and tax efficiency due to in-ETF rebalancing. 'We're not just enabling investing,' Gupta said, 'we're building a structure around purpose.' The event concluded with a power-packed geopolitical panel moderated by Elizabeth Roche, featuring Ambassador Dr. Mohan Kumar and Ajay Srivastava. Dr. Kumar warned that global trade, once built on multilateral trust and WTO rules, is now shifting towards reciprocal, strategic deals driven by tariff wars and geopolitics. 'President Trump's trade policies have brought a wrecking ball to the WTO,' he said. 'But if India acts decisively, this crisis could be our 1991 moment — a chance to reform and plug into disrupted supply chains.' Srivastava added a reality check. 'Last time the U.S. imposed tariffs on China, it ended up importing even more — just rerouted via Mexico and Vietnam. China's exports rose by $1 trillion. So this strategy doesn't work. But everyone's adjusting to Trump anyway.' The panel also examinedIndia's recent FTAs with the UK and EU, noting improvements in market access (for textiles, seafood, and whisky), but warned that without deep reform in areas like agriculture, manufacturing, and disinvestment, India risks missing the boat — again. From Kumar's personal portfolio strategy to Zinc's education-linked investing, and finally to the macro lens of geopolitics, the message was clear:global investing is no longer a luxury — it's an essential tool for risk management and future planning. As Neil Borate closed the session, he reminded the audience that discipline, not complexity, drives returns. And in today's world, thinking beyond borders might just be the simplest step toward financial resilience.
Mint
29-04-2025
- Business
- Mint
Mint's masterclass on global investing comes to the Capital
After successful sessions in Bengaluru and Mumbai, Mint Horizons is set to make its way to the capital city with a curated masterclass on overseas investing. The Delhi edition, hosted by Mint and anchored by Neil Borate, Editor – Mint Money, is designed to empower Indian investors with the insights, tools, and strategies required to diversify their portfolios beyond domestic markets. Here is where you can register. First 30 registrations are at a discounted fee of ₹ 999. As Indian investors face heightened volatility and a weakening rupee, conversations around global diversification are gaining momentum. Yet, for many, the path to international investing remains unclear — constrained by information asymmetry, perceived complexity, and regulatory nuances. Mint Horizons aims to bridge this gap by bringing together leading voices from finance, policy, and academia for an evening of learning and engagement. Featured speakers include Dhirendra Kumar, Founder & CEO of Value Research, Dr Mohan Kumar, former Ambassador to France & Bahrain and Dean, Strategic and International Initiatives, OP Jindal Global University, Prashanth Ranganathan, Founder & CEO at Zinc Money, Vaibhav Shah, Head, Products, Business Strategy and International Business, Mirae Asset Investment Managers (India), and Elizabeth Roche, Associate Professor, OP Jindal Global University. In recent months, the Indian equity markets have experienced a sharp correction, with the Sensex falling more than 7% since mid-December. At the same time, the rupee has depreciated against major global currencies, impacting purchasing power and investment returns on overseas expenditures — from travel to education. This dual challenge has reignited investor interest in global diversification as a way to hedge currency risk, access high-growth international sectors, and build more resilient portfolios. Whether through mutual funds, international brokerage platforms, or the recently liberalised GIFT City framework, the demand for credible, actionable guidance on global investing is stronger than ever. Mint Horizons seeks to address this demand through a focused workshop format that distills complex ideas into practical takeaways, helping participants confidently take their first steps toward building an international investment strategy. The Delhi edition of Mint Horizons will bring together some of the most respected minds in personal finance, investment strategy, and global policy. Through a series of keynote talks, fireside chats, and interactive discussions, attendees will gain clarity on the opportunities and challenges that come with investing across borders. The event is designed for high-net-worth individuals, professionals managing family wealth, financial advisors, and anyone with aspirations of sending their children abroad, planning retirement overseas, or simply seeking smarter, globally-aligned investment decisions. The session will be held on May 9, 2025, at the prestigious India Habitat Centre, Lodhi Road, New Delhi. The event will commence at 7:30 PM and run for approximately two hours, followed by a networking dinner. With only 60 seats available, the workshop is invite-only and aims to create a close-knit environment for immersive dialogue and exchange. The session opens with a keynote by Neil Borate, who will present a compelling case for global investing — exploring the macroeconomic shifts, regulatory enablers, and investor behaviours driving this trend. This will be followed by presentations and fireside chats featuring: Dhirendra Kumar , Founder & CEO, Value Research Decoding mutual funds and the GIFT City route to global markets , Founder & CEO, Value Research Decoding mutual funds and the GIFT City route to global markets Vaibhav Shah , Head – Products, Business Strategy & International Business, Mirae Asset Structuring an international portfolio from India , Head – Products, Business Strategy & International Business, Mirae Asset Structuring an international portfolio from India Prashanth Ranganathan , CEO, ZincPlanning finances for overseas higher education (in conversation with Neil Borate) , CEO, ZincPlanning finances for overseas higher education Ambassador Mohan Kumar and Rahul Sharma, USIBCUnderstanding global trade, tariffs, and geopolitical risk in investing Moderated by Elizabeth Roche, Associate Professor, OP Jindal Global University Mint Horizons is not just a learning platform — it's a call to action for Indian investors to think globally, act decisively, and invest wisely. As the world becomes increasingly interconnected, understanding and accessing global markets is no longer a luxury but a necessity for future-ready portfolios. Seats are limited. Register here. First 30 registrations are at a discounted fee of ₹ 999. First Published: 29 Apr 2025, 04:45 PM IST
