Latest news with #IIMCalcutta
New Indian Express
an hour ago
- New Indian Express
IIM-Calcutta rape case: Accused released on bail with a bail bond of Rs 50,000
Kolkata's Alipore court granted an interim bail to the IIM Calcutta rape accused on a bail bond of Rs 50,000 on Saturday evening. The second-year male student of IIM-C was arrested and produced in court on July 12, for raping a woman inside a boy's hostel on campus. The Haridevpur Police Station arrested the accused after an FIR was registered by the survivor. The court observed that the victim had not cooperated with the investigation, according to ANI.
New Indian Express
an hour ago
- New Indian Express
IIM-Calcutta rape case: Accused granted bail with a bail bond of Rs 50,000
Kolkata's Alipore court granted an interim bail to the IIM Calcutta rape accused on a bail bond of Rs 50,000 on Saturday evening. The second-year male student of IIM-C was arrested and produced in court on July 12, for raping a woman inside a boy's hostel on campus. The Haridevpur Police Station arrested the accused after an FIR was registered by the survivor. The court observed that the victim had not cooperated with the investigation, according to ANI.
News18
3 hours ago
- News18
IIM-Calcutta Rape Case: Complainant Unreachable, Accused Granted Bail On Rs 50,000 Bond
The accused in the alleged rape at IIM Calcutta got bail while the complainant didn't appear for a medico-legal test. News18 The accused in the alleged rape incident on the Indian Institute of Management Calcutta (IIM-C) campus in Joka has been granted bail on a bail bond of Rs 50,000 on Saturday. Complainant Incommunicado, Skipped Court Dates The complainant, a psychological councillor, who accused the student of sexual harassment in the hostel of the institute, is 'incommunicado" and skipped two appearances before the magistrate to record her statement. Police have been trying to contact her since then for investigation purposes, however, they have been unable to reach her, as her phone has been switched off. Meanwhile, the police on Tuesday sought the CCTV footage of July 11 of the entire campus of the IIM-C. The alleged rape incident took place on the campus of the IIM-C on July 11. The woman, a psychological councillor, claimed that she was called to the hostel for a counselling session. When the woman went to the hostel, she reportedly consumed a drink laced with drugs, after which she fell unconscious. After she gained consciousness, she realised that she was raped. As per the complainant, the two had become acquainted through social media. The accused student was arrested the next day based on an FIR lodged with the Haridevpur Police Station by the survivor. The case comes less than a month after another female student was gang-raped on June 25 inside the security guard room of the South Calcutta Law College. So far, the Kolkata Police have arrested four individuals: Manojit Mishra, Promit Mukherjee, Zaid Ahmed, and the college's security guard. view comments First Published: 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.
Time of India
7 hours ago
- Business
- Time of India
India Cements Q1 results: Co slips to Rs 131 crore loss, revenue flat YoY
India Cements on Saturday reported a consolidated net loss of Rs 131 crore for the June quarter compared to the profit of Rs 71 crore in the year-ago period. The company's revenue stood at Rs 1,025 crore, marginally lower than Rs 1,027 crore in the corresponding quarter of the previous financial year. The performance also marked a sharp downturn from the previous quarter, when the company had posted a profit of Rs 19 crore. Sequentially, revenue fell 14% from Rs 1,197 crore in Q4FY25. Explore courses from Top Institutes in Select a Course Category Finance Management MCA Project Management Public Policy Data Science Technology Product Management Leadership Cybersecurity CXO Operations Management Degree Data Science Healthcare Digital Marketing healthcare Others others Data Analytics PGDM MBA Design Thinking Artificial Intelligence Skills you'll gain: Duration: 9 Months IIM Calcutta SEPO - IIMC CFO India Starts on undefined Get Details Skills you'll gain: Duration: 7 Months S P Jain Institute of Management and Research CERT-SPJIMR Fintech & Blockchain India Starts on undefined Get Details The Aditya Birla Group company incurred expenses of Rs 1,042 crore in the quarter under review versus Rs 1,313 crore in Q4FY25 and Rs 1,190 crore in Q1FY25. The expenses were made under the heads including 'Cost of Materials consumed', freight & forwarding expense and power & fuel, among other things. The company achieved domestic sales volume of 2.18 MnT, up 11.6% YoY. The average capacity utilisation stood at 61% for the quarter. The Cement Realisations (net of logistics cost) improved by 5.7% QoQ. The company recorded total Ebitda/Mt of Rs 424, which improved significantly from Rs 88/Mt in Q4FY25. The average interest rate for Q1FY26 stood at 6.83%, declining by 110 bps QoQ. On a standalone basis, India Cements reported a net loss of Rs 14 crore in Q1FY26, narrowing from a loss of Rs 76 crore in Q4FY25 and compared to a net profit of Rs 57 crore in the year-ago period. Revenue rose 5.5% year-on-year to Rs 1,025 crore from Rs 972 crore. During the quarter under review, the company approved the sale of its entire equity stake in its subsidiary, Industrial Chemicals & Monomers Ltd (ICML), for a total consideration of Rs 97.68 crore. As a result, the investment in ICML, previously carried at a cost of Rs 0.36 crore, has been reclassified as held for sale. The gain from this transaction will be recognised upon its completion, the company filing said. The company's step-down subsidiary, PT Adcoal Energindo, Indonesia, approved the sale of its entire stake in PT Mitra Setia Tanah Bumbu, Indonesia, an associate entity, on July 3, 2025. The impact, if any, on the carrying value of the investment in the foreign subsidiary will be evaluated for impairment once the transaction is completed. The exceptional items for the quarter include two key impairments. First, an impairment of Rs 47.53 crore was recognised upon the consolidation of the subsidiary ICML, which has been classified as held for sale. This amount reflects the difference between the carrying value of ICML's net assets and their fair value less costs to sell. Second, an impairment of Rs 76.24 crore was recorded in relation to the proposed sale of a stake in MSTB, representing the gap between the carrying amount of the investment (including goodwill) and its fair value less costs to sell. ( Disclaimer : Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
Time of India
9 hours ago
- Politics
- Time of India
Trump's funding cut stalls water projects, increasing risks for millions
The Trump administration's decision to slash nearly all U.S. foreign aid has left dozens of water and sanitation projects half-finished across the globe, creating new hazards for some of the people they were designed to benefit, Reuters has found. Reuters has identified 21 unfinished projects in 16 countries after speaking to 17 sources familiar with the infrastructure plans. Most of these projects have not previously been reported. With hundreds of millions of dollars in funding cancelled since January, workers have put down their shovels and left holes half dug and building supplies unguarded, according to interviews with U.S. and local officials and internal documents seen by Reuters. Explore courses from Top Institutes in Select a Course Category Public Policy Degree Management Design Thinking Technology Artificial Intelligence PGDM Product Management MBA Data Analytics Digital Marketing Project Management CXO healthcare Healthcare Data Science others Leadership MCA Data Science Finance Cybersecurity Operations Management Others Skills you'll gain: Economics for Public Policy Making Quantitative Techniques Public & Project Finance Law, Health & Urban Development Policy Duration: 12 Months IIM Kozhikode Professional Certificate Programme in Public Policy Management Starts on Mar 3, 2024 Get Details Skills you'll gain: Duration: 12 Months IIM Calcutta Executive Programme in Public Policy and Management Starts on undefined Get Details As a result, millions of people who were promised clean drinking water and reliable sanitation facilities by the United States have been left to fend for themselves. Water towers intended to serve schools and health clinics in Mali have been abandoned, according to two U.S. officials who spoke on condition of anonymity. In Nepal, construction was halted on more than 100 drinking water systems, leaving plumbing supplies and 6,500 bags of cement in local communities. The Himalayan nation will use its own funds to finish the job, according to the country's water minister Pradeep Yadav. In Lebanon, a project to provide cheap solar power to water utilities was scrapped, costing some 70 people their jobs and halting plans to improve regional services. The utilities are now relying on diesel and other sources to power their services, said Suzy Hoayek, an adviser to Lebanon's energy ministry. In Kenya, residents of Taita Taveta County say they are now more vulnerable to flooding than they had been before, as half-finished irrigation canals could collapse and sweep away crops. Community leaders say it will cost $2,000 to lower the risk - twice the average annual income in the area. "I have no protection from the flooding that the canal will now cause, the floods will definitely get worse," said farmer Mary Kibachia, 74. BIPARTISAN SUPPORT Live Events Trump's dismantling of the U.S. Agency for International Development has left life-saving food and medical aid rotting in warehouses and thrown humanitarian efforts around the world into turmoil. The cuts may cause an additional 14 million deaths by 2030, according to research published in The Lancet medical journal. The Trump administration and its supporters argue that the United States should spend its money to benefit Americans at home rather than sending it abroad, and say USAID had strayed from its original mission by funding projects like LGBT rights in Serbia. With an annual budget of $450 million, the U.S. water projects accounted for a small fraction of the $61 billion in foreign aid distributed by the United States last year. Before Trump's reelection in November, the water projects had not been controversial in Washington. A 2014 law that doubled funding passed both chambers of Congress unanimously. Advocates say the United States has over the years improved the lives of tens of millions of people by building pumps, irrigation canals, toilets and other water and sanitation projects. That means children are less likely to die of water-borne diseases like diarrhea, girls are more likely to stay in school, and young men are less likely to be recruited by extremist groups, said John Oldfield, a consultant and lobbyist for water infrastructure projects. "Do we want girls carrying water on their heads for their families? Or do you want them carrying school books?" he said. The U.S. State Department , which has taken over foreign aid from USAID, did not respond to a request for comment about the impact of halting the water projects. The agency has restored some funding for life-saving projects, but Secretary of State Marco Rubio has said American assistance will be more limited going forward. At least one water project has been restarted. Funding for a $6 billion desalination plant in Jordan was restored after a diplomatic push by King Abdullah. But funding has not resumed for projects in other countries including Ethiopia, Tanzania, and the Democratic Republic of the Congo, say people familiar with those programs who spoke on condition of anonymity. That means women in those areas will have to walk for hours to collect unsafe water, children will face increased disease risk and health facilities will be shuttered, said Tjada D'Oyen McKenna, CEO of Mercy Corps, a nonprofit that worked with USAID on water projects in Congo, Nigeria and Afghanistan that were intended to benefit 1.7 million people. "This isn't just the loss of aid - it's the unraveling of progress, stability, and human dignity," she said. THE PERILS OF FETCHING WATER In eastern Congo, where fighting between Congolese forces and M23 rebels has claimed thousands of lives, defunct USAID water kiosks now serve as play areas for children. Evelyne Mbaswa, 38, told Reuters her 16-year-old son went to fetch water in June and never came home - a familiar reality to families in the violence-wracked region. "When we send young girls, they are raped, young boys are kidnapped.... All this is because of the lack of water," the mother of nine said. A spokesperson for the Congolese government did not respond to requests for comment. In Kenya, USAID was in the midst of a five-year, $100 million project that aimed to provide drinking water and irrigation systems for 150,000 people when contractors and staffers were told in January to stop their work, according to internal documents seen by Reuters. Only 15% of the work had been completed at that point, according to a May 15 memo by DAI Global LLC, the contractor on the project. That has left open trenches and deep holes that pose acute risks for children and livestock and left $100,000 worth of pipes, fencing and other materials exposed at construction sites, where they could degrade or be looted, according to other correspondence seen by Reuters. USAID signage at those sites makes clear who is responsible for the half-finished work, several memos say. That could hurt the United States' reputation and potentially give a boost to extremist groups seeking fresh recruits in the region, according to a draft memo from the U.S. embassy in Nairobi to the State Department seen by Reuters. The al Qaeda-linked al Shabaab group based in Somalia has been responsible for a string of high-profile attacks in Kenya, including an assault on a university in 2015 that killed at least 147 people. "The reputational risk of not finishing these projects could turn into a security risk," the memo said. DAMAGING FLOODS In Kenya's Taita Taveta, a largely rural county that has endured cyclical drought and flooding, workers had only managed to build brick walls along 220 metres of the 3.1-kilometre (1.9 mile) irrigation canal when they were ordered to stop, community leaders said. And those walls have not been plastered, leaving them vulnerable to erosion. "Without plaster, the walls will collapse in heavy rain, and the flow of water will lead to the destruction of farms," said Juma Kobo, a community leader. The community has asked the Kenyan government and international donors to help finish the job, at a projected cost of 68 million shillings ($526,000). In the meantime, they plan to sell the cement and steel cables left on site, Kobo said, to raise money to plaster and backfill the canal. The county government needs to find "funds to at least finish the project to the degree we can with the materials we have, if not complete it fully," said Stephen Kiteto Mwagoti, an irrigation officer working for the county. The Kenyan government did not respond to a request for comment. For Kibachia, who has lived with flooding for years, help cannot come soon enough. Three months after work stopped on the project, her mud hut was flooded with thigh-deep water. "It was really bad this time. I had to use soil to level the floor of my house and to patch up holes in the wall because of damage caused by the floods," she said. "Where can I go? This is home."
