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Meet Indian who once Owned Burj Khalifa Floors, Private Jet, but Sold his Rs 12400 Crore Company for just Rs 74 due to..

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Rags-to-riches stories of people who achieve great heights by rising from humble backgrounds are often inspiring. One such tale is that of Bavaguthu Raghuram Shetty, popularly known as BR Shetty, an Indian businessman who once led billion-dollar companies. Burj Khalifa However, fate took an unexpected turn when he had to  sell his Rs 12,400 crore company for just Rs 74. Yes, you read that right!

Well, let’s delve into the life of BR Shetty and learn about his fall from grace.

Shetty was born on August 1, 1942 into a Tulu-speaking Bunt family, in Karnataka’s Udupi. He studied in a Kannada medium school and completed his pharmaceutical education from Manipal. He also served as the Vice-Chairman of the Municipal Council in Udupi. He married Chandrakumari Shetty and has four children.

Also Read PM Modi Pays Tribute To Former PM Rajiv Gandhi On His Death Anniversary.

In 1973, he moved to Abu Dhabi from Karnataka for better opportunities with just about Rs 665. He also worked as a pharma salesman for some time. In 1975, the 81-year-old founded a small pharmaceutical clinic, New Medical Centre (NMC). Initially, his wife was the only doctor at the centre. Over the years, NMC went on to become one of the largest private healthcare providers in the UAE. With this, Shetty became a pioneer in the UAE’s private healthcare sector. 

He was included on the Forbes list of India’s 100 Richest People in 2015 and was listed as the 42nd richest person in 2019. He had a net worth of Rs 18000 crore and used to own floors in the iconic Burj Khalifa, had a fleet of luxury cars and a private jet.

In 2019, a UK-based investment research firm, Muddy Waters alleged that Shetty inflated cash flow to show less debt. Subsequently, the allegations triggered a fall in the company’s shares and as a result, BR Shetty had to sell his Rs 12,478 crore company for just Rs 74 at the time to an Israeli-UAE consortium. This is how his fortunes changed overnight.

In April 2020, Abu Dhabi Commercial Bank filed a criminal complaint against NMC Health. Days later, the Central Bank of UAE ordered the freezing of his accounts and the blacklisting of his firms. On 8 April 2020, NMC went into Administration in the UK due to the company’s insolvency.

Microsoft Announces New, Potent “Copilot+ PCs” for the AI Era, Which will be Available for Purchase on June 18 and Cost…

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Microsoft, a major player in technology, has unveiled a new line of Windows computers geared towards artificial intelligence (AI) applications. According to a statement from the business, these Windows PCs, dubbed “Copilot+ PCs,” are the quickest and smartest ever created.

The PCs, which start at $999, include new silicon with over 40 TOPS (trillion operations per second) of processing power, an all-day battery life, and access to the most cutting-edge AI models.

Also Read Best Samsung Smartphones Under ₹20,000 and ₹25,000.

According to Yusuf Mehdi, Executive Vice President, Consumer Chief Marketing Officer, “These experiences come to life on a set of thin, light, and beautiful devices from Microsoft Surface and our OEM partners Acer, ASUS, Dell, HP, Lenovo, and Samsung, with availability starting on June 18.”

Connected to and enhanced by the large language models (LLMs) running in Azure Cloud in concert with small language models (SLMs), Copilot+ PCs can now achieve a level of performance never seen before.

“They are up to 20 times more powerful and up to 100 times as efficient for running AI workloads and deliver industry-leading AI acceleration,” said the company.

Also Read OpenAI Launches ChatGPT For The Desktop With a New AI Model.

The Microsoft ‘Pluton Security’ processor will be enabled by default on all Copilot+ PCs for security.

“Now with Recall, you can access virtually what you have seen or done on your PC in a way that feels like having photographic memory,” the company informed.

Adobe’s flagship apps are coming to Copilot+ PCs, including Photoshop, Lightroom and Express and Illustrator, Premiere Pro and more will arrive this summer.

PM Modi Pays Tribute To Former PM Rajiv Gandhi On His Death Anniversary.

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The Prime Minister wrote on X, “On his death anniversary, my tributes to our former PM Shri Rajiv Gandhi Ji.” in honour of Rajiv Gandhi’s passing.

On the 33rd anniversary of Rajiv Gandhi’s passing today, Prime Minister Narendra Modi paid respect to the former prime minister.
Taking to X, the Prime Minister said, “On his death anniversary, my tributes to our former PM Shri Rajiv Gandhi Ji.”

At Veer Bhumi in Delhi on Tuesday morning, Congress President Mallikarjun Kharge, Congress Parliamentary Party Chairperson Sonia Gandhi, and party MP Rahul Gandhi also honoured Rajiv Gandhi on the occasion of his 33rd death anniversary.

Also Read Prime Minister subtle jab at Mamata Banerjee: “My nephew doesn’t need my help.”

In the nation’s capital, other Congressmen including Sachin Pilot and P Chidambaram also paid their respects to the former prime minister.

Rajiv Gandhi took over the charge of the Congress in 1984 following the assassination of his mother and then Prime Minister Indira Gandhi. He became India’s youngest Prime Minister at the age of 40 when he assumed office in October 1984.

He served as the Prime Minister of India till December 2, 1989. Born on August 20, in 1944, was assassinated by a Liberation Tigers of Tamil Eelam (LTTE) suicide bomber during an election rally in Sriperumbudur in Tamil Nadu on May 21, 1991.

HBD Mohanlal: From Wrestler to Cinema.. Interesting Story of Superstar Actor Mohanlal!

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Mohanlal, happy birthday! On this day, May 21, Mohanlal, one of the best performers in Indian movie history as well as Malayalam cinema, turns 64. This is a fascinating special collection of his today’s cinematic voyage.

Actor Mohanlal is one of the top stars in Malayalam cinema till date. Even after 40 years in the film industry, he has joined hands with new directors and is adapting himself with the times. Malayalam superstar and actor Mohanlal celebrates his 64th birthday today (May 21).

Also Read Jolly LLB 3: Local Artist Reveals Actor Motivational Daily Routines; Akshay Kumar Wraps up First Schedule.

Wrestler

In 1977-78, Mohanlal won the wrestling champion title in Kerala. He was selected for the National Wrestling Champion Tournament to be held in Delhi. But he was unable to participate in the competition as he went to audition for the film ‘Manjil Virinjna Pooke’ directed by Faasil. That was Mohanlal’s first entry. He used to play villain and supporting characters first. After that he gradually rose to the status of hero.

First National Award

Whenever you watch any film starring Mohanlal, you will feel that he is living the character. He will give such emotional performance. In 1989, ‘Kreedam’, written by Lokitadas and directed by CP Malayalam, became one of the most important films not only in Mohanlal’s film career but also in the history of Malayalam cinema. He won the National Award for Special Appreciation for Acting in this film. This is Mohanlal’s first national award.

Mohanlal Bharathan, who gave many hits in succession, won the National Award for Best Actor for Vanaprastam. In this ‘Vanaprastam’ also won the National Award for Best Film.

Mohanlal also made a mark in Tamil

Mohanlal’s performance resonated beyond Malayalam cinema and among Tamil fans as well. He has also acted in Tamil films including ‘Iruvar’, ‘Siraichalai’, ‘Zilla’, ‘Unnaip Pol Oruvan’ and ‘Kaappan’ along with leading Tamil actors. He has given his full contribution in all the films. It is no exaggeration to say that Anandan, especially in ‘Iruvar’, based on MGR, who became a top star in Tamil cinema, the dawn of the poor and an unfailing prime minister in politics, performed so well and vividly in the role of Anandan. Telugu, Kannada. He is also acting in Hindi language films.

40 years in the film industry

Even after 40 years in the film industry, he has joined hands with new directors and is adapting himself with the times. The 2013 movie ‘Drishyam’ directed by Jeethu Joseph is a good example of that. ‘Trishyam’ was one of the biggest hits in the history of Malayalam cinema and was remade in several languages ​​including Tamil. The film’s success restored Mohanlal’s star status.

Malayalam superstar and actor Mohanlal celebrates his 64th birthday today (May 21). All the film celebrities are wishing him a happy birthday. In that way we also wish our heartfelt birthday wishes. Happy Birthday Mohanlal..!

Brokerages are still Divided as Shares Price of Balkrishna Industries rise 8% to a 52-week high.

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The management of Balkrishna Industries declined to provide volume growth estimates for FY25 since geopolitical tensions continue to cast doubt on the prospects for demand.

Balkrishna Industries

Early on May 21, shares of Balkrishna Industries jumped 8% to a new 52-week high. The stock maintained its gains from the previous trading day following the release of better-than-expected Q4 earnings.

The tyre maker announced a staggering 87.4% increase in net profit, reaching Rs 486.8 crore from Rs 260 crore during the same time last year.

Strong revenue growth was also seen in the fourth quarter, with revenues of Rs 2,682 crore, up 16% from the same period in the previous fiscal year.

As of 9.40 am, the company’s shares were trading at Rs 2,996.8 per share on the NSE, up 7.1 percent from the closing price of the previous session.

Also Read GIFT Nifty The Trading Setting for the Current Session Displays here; Down 40 Points.

With an estimated 15% gain, international brokerage Nomura raised its rating for Balkrishna Industries to buy, with a target price of Rs 3,230 per share.

According to the brokerage, the company is about to embark on a demand upcycle, given that rivals globally are also expected to witness a recovery in H2FY25. Nomura predicted that price increases will sustain margins in the future and that Balkrishna Industries’ robust growth momentum will likely continue.

Although Motilal Oswal reported that the company’s results for the quarter ending in March considerably above its projections, the brokerage maintained its neutral rating and raised its price target to Rs 2,535.

There is currently a surge in retail demand in important international markets, and demand in India is still strong. The management did not, however, provide any volume growth guidance for FY25 because of the ongoing geopolitical concerns, which continue to cast doubt on the demand picture in important markets.

Also Read Is the Indian Stock Market Closed Today due to the Lok Sabha Elections?

Citi and Kotak Institutional Equities, on the other hand, maintained their sell recommendations.

Kotak pointed out that because of the continuous global unrest, the company’s near-term picture is still uncertain. Shipments may be delayed as a result, thus putting pressure on profits.

Additionally, valuations are looking expensive to the domestic brokerage. Kotak has a target of Rs 2,175 per share, indicating a potential downside of 22 percent.

Over the past year, Balkrishna Industries shares have climbed 30 percent. In comparison, the domestic benchmark Nifty 50 has gained about 23 percent during the same time period.

Mumbai Voting Percentage: Maharashtra Records 54% Voter Turnout, Mumbai South Tally Lowest

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Highlights of the Mumbai Voting Percentage: According to data released by the Election Commission at around 10 p.m. on Monday, Maharashtra had a 54% voter turnout. Of Mumbai’s six Lok Sabha constituencies, Mumbai South had the lowest turnout.

Highlights of the Mumbai Lok Sabha Election 2024 Voting: As of 10 p.m. on Monday, Maharashtra has the lowest voter turnout to date—53%. The Mumbai South Lok Sabha constituency was one of the seats with the lowest voter attendance, largely due to Mumbai’s “slow pace” voting procedures.

In the fifth phase of the Lok Sabha Elections 2024, six Lok Sabha seats in Mumbai were up for election on Monday. Mumbai North, Mumbai North West, Mumbai North East, Mumbai North Central, Mumbai South, and Mumbai South Central were the six seats in question. A high-profile fight took place in the region, mostly involving candidates from the INDIA alliance and the Bharatiya Janata Party (BJP).

Also Read Pune Porsche Deaths: Teen Who Killed 2 With Porsche Got Bail In 15 Hours.

Piyush Goyal, a union minister, was running for the Mumbai North Lok Sabha seat against Congressman Bhushan Patil. Varsha Eknath Gaikwad of the Congress is running against Advocate Ujwal Nikam of the BJP in the Mumbai North Central constituency.

A conflict between two Shiv Sena factions was recorded in the Mumbai North West Lok Sabha Constituency. Amol Gajanan Kirtikar is associated with the Uddhav Thackeray faction, but Ravindra Wairkar represents the CM Eknath Shinde side. Mihir Kotecha of the BJP is running against Sanjaydina Patil of the Shiv Sena (UBT) in the Mumbai North East Lok Sabha seat.

A brawl broke out between Shiv Sena members Ramesh Shewele and Anil Desai in Mumbai’s South Central Lok Sabha constituency (UBT). The Eknath Shinde branch of the Shiv Sena has fielded Yamini Jadhav in an attempt to thwart Arvind Sawant’s hopes of winning a third term from the Mumbai South Lok Sabha seat.

Mumbai Lok Sabha Polls Voting LIVE: Maharashtra records 53% turnout till 10 pm

Maharashtra recorded 53% voter turnout as of 10 pm on Monday.

Mumbai Lok Sabha Polls Voting LIVE: Voters of Leprosy Ashram in Dhule exercise their right to vote – IN PIC

Mumbai Lok Sabha Election 2024 Voting LIVE: Mumbai South records 44% voter turnout, Kalyan’s tally lowest in Maharashtra

Maharashtra recorded the lowest voter turnout among eight states at 49 percent. Within Maharashtra, Kalyaan Lok Sabha constituency recorded the lowest tally at 43 percent. But when just focusing on the Mumbai region, Mumbai South recorded the lowest turnout at 44 percent.

Mumbai Lok Sabha Polls Voting LIVE: How much voter turnout was recorded in Mumbai today?

As per the Election Commission’s data released till 5 pm today, here’s what the voter turnout looks like in Mumbai

  • Mumbai South: 44%
  • Mumbai North: 46.91%
  • Mumbai North West: 49.7%
  • Mumbai North East: 48.6%
  • Mumbai North Central: 47.46%
  • Mumbai South Central: 48.2%

Mumbai Lok Sabha Polls Voting LIVE: Devendra Fadnavis Vs Uddhav Thackeray amid ‘slow pace of voting in Mumbai’

Mumbai Lok Sabha Election 2024: Shiv Sena (UBT) chief Uddhav Thackeray alleged the election officials were delaying the voting process at many polling centres at behest of the BJP-led government. Maharashtra Deputy Chief Minister Devendra Fadnavis said, “We were the first to complain…

Mumbai Lok Sabha Polls Voting LIVE: Maharashtra records lowest turnout till 5 pm

Maharashtra has recorded the lowest turnout at 48 percent till 5 pm. Thirteen seats in Maharashtra were among other seats across eight states that went to polls on Monday. 

Mumbai Lok Sabha Election 2024 Voting Live: Music director Amit Trivedi says he couldn’t cast vote today, shares video

Music director Amit Trivedi said he couldn’t cast vote today. “Voting is our constitutional right. Today I was denied that right and I feel helpless. Did this happen to anyone else? How.. and why??,” he said in a post on X.

Many reacted to his video, asking if he checked his EPIC number before going out to vote. 

Mumbai Lok Sabha Election 2024 Voting Live: Mumbai South records voter turnout of nearly 37% till 3 pm

Mumbai South recorded lowest voter turnout in the Mumbai region at nearly 37%. The rest five seats recorded turnout between 37% and 39%.

Mumbai Lok Sabha Election 2024 Voting Live: Kirit Somaiya accuses Sena (UBT) leaders of corrupt practices; Uddhav’s party dismisses charge

BJP leader Kirit Somaiya on Monday alleged that Shiv Sena (UBT) leaders Sanjay Raut and Sunil Raut were found involved in “corrupt practices” outside their polling booth at Bhandup in Mumbai where voting was underway since morning.

The former MP also claimed that two activists of the Uddhav Thackeray-led Shiv Sena (UBT) were arrested for “illegal and corrupt practices of using a fake EVM”.

However, MLA Sunil Raut, who is the brother of Rajya Sabha member Sanjay Raut, dismissed the allegations saying a dummy electronic voting machine (EVM) was kept outside the 100-metre radius of the polling booth for educational purpose.

Still, the police removed it under “political pressure”, he claimed.

Mumbai Lok Sabha Election 2024 Voting Live: Mumbai disappoints as voter turnout fails to cross 30% till 1pm

  • Mumbai continued to disappoint with voter turnout failing to cross 30 per cent till 1 pm. 
  • Mumbai North recorded a turnout of 26.78 per cent; 
  • Mumbai North Central saw a turnout of 28.05 per cent, 
  • Mumbai North East saw a turnout of 28.82 per cent, 
  • Mumbai North West recorded a turnout of 28.41 per cent. 
  • Mumbai South had the lowest turnout in the city with 28.41 per cent recorded till 1 pm. 
  • Mumbai South Central saw a turnout of 27.21 per cent.

Mumbai Lok Sabha Election 2024 Voting Live: A look at voter turnout till 9 am

  • Mumbai Lok Sabha Election 2024 Voting Live: 
  • Mumbai North 6.19 per cent
  • Mumbai North Central 6.01 per cent
  • Mumbai North East 6.83 per cent
  • Mumbai North West 6.87 per cent
  • Mumbai South 5.34 per cent
  • Mumbai South Central 7.79 per cent
  • Thane 5.67 per cent
  • Bhiwandi recorded 4.86 per cent polling
  • Kalyan 5.39 per cent

Maharashtra saw a 54% voter turnout, with Mumbai South recording the lowest participation, highlighting varying engagement levels across regions.

GIFT Nifty The Trading Setting for the Current Session Displays here; Down 40 Points.

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GIFT Nifty 40 points less The equities markets on Tuesday began the day slowly but gradually picked up steam to close the day higher. Analysts say that domestic equities are consolidating inside a range, showing strength at lower levels with purchases made at each dip.

“We expect range trading and favourable bias in the market overall. Siddhartha Khemka, Head of Retail Research at Motilal Oswal, said that consumer confidence statistics from the US and Europe will be of interest to investors worldwide.

“We continue to believe that, unless the Nifty decisively breaks over 21,900 levels, we should adhere to our “buy on dips” strategy. However, the SVP of Technical Research at Religare Broking advises traders to proceed with extra caution when selecting stocks with mixed participation and to avoid high beta counters.

Also Read Is the Indian Stock Market Closed Today due to the Lok Sabha Elections?

State OF The Market

GIFT Nifty Live The previous SGX Nifty is down 40 points, which suggests a good start.
The GIFT Nifty on the NSE IX opened on Wednesday at 22,236.50, up 43.50 points, or 0.20 percent, suggesting that Dalal Street was off to a strong start.

  • Tech View: The market is not strengthening enough to see a clear upside breakthrough of the 22200–22300 levels. According to HDFC Securities’ Nagaraj Shetti, any declines to 22000–21950 could present a buy-on-dip chance. The immediate resistance is located at 22300.India
  • India is the VIX: The VIX, a gauge of market anxiety, increased by 0.82% to close at 15.73 points.

US Stocks were Mixed

Tuesday’s finish of U.S. equities was almost unchanged ahead of inflation and other economic statistics that may provide insight into when the Federal Reserve may decide to lower interest rates.
S&P 500 up 0.17%,

Nasdaq up 0.37%, and the Dow down 0.25%

Asian stocks muted

Asian stocks traded within tight ranges on Wednesday after the S&P 500 nudged higher. In New Zealand, the central bank is seen holding interest rates while retaining the threat of a hike amid sticky inflation.

  • S&P 500 futures were little changed as of 9:50 a.m. Tokyo time
  • Hang Seng futures rose 0.2%
  • Nikkei 225 futures (OSE) fell 0.2%
  • Japan’s Topix was little changed
  • Australia’s S&P/ASX 200 fell 0.2%

Dollar firm

The U.S. dollar held steady as traders brushed off durable goods data overnight and awaited the Federal Reserve’s preferred measure of inflation due Thursday for clues on when the U.S. central bank may start cutting interest rates.

Stocks in F&O Ban Today


1) ABFRL

2) Indus Tower

3) Canara Bank

4) SAIL

5) ZEE

Securities in the ban period under the F&O segment include companies in which the s ..

FII/DII action
Foreign portfolio investors were net sellers at Rs 1,509 crore on Tuesday. DIIs bought shares worth Rs 2,861 crore.

Rupee
The rupee slipped by 1 paisa to close at 82.89 against the US dollar in a restricted trade on Tuesday amid withdrawal of foreign funds and increased month-end demand for the American currency

FII data
The net short of FIIs reduced from Rs 29,137 crore on Monday to Rs 27,042 crore on Tuesd ..

IPL 2024 Playoffs: KKR vs SRH in Qualifier 1, RCB-RR clash in Eliminator.

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Can KKR vs SRH keep the flavour of their season without Salt? How much of a loss Buttler will be to RR? Is this the RCB’s year at last?

The IPL 2024 playoffs are almost here. Which Royal Challengers Bengaluru (RCB) or Chennai Super Kings (CSK) team would finish the KKR vs SRH playoff lineup was decided in a thrilling match on Saturday. It wasn’t until the very last league game, a washout in Guwahati last night, that we found out who would play who, but we now know. Additionally, none of the top four seeds from 2023 make the cut, making this a totally different playoff lineup than it was the previous year.

Qualifier 1: KKR vs SRH, May 21, Ahmedabad

For the first time, Kolkata Knight Riders (KKR) have concluded the league phase as the top team heading into the first qualifying round. Despite losing their last two games, they ended up with three more points than any other team. Will they be rusted or renewed? If SRH is any indication, taking a vacation from cricket can be beneficial. They returned after a 10-day break, which they attributed to both the weather and the schedule, and they successfully chased 215 against Punjab Kings on Sunday. In IPL 2024, this was SRH’s only other victory in a game they chased.

  • Previous meeting: They’ve played each other only once this season, both team’s first game of IPL 2024. It was a high-scoring thriller that ended in a last-ball four-run win for KKR at Eden Gardens.
  • Player availability: The England players who will be going to the upcoming T20 World Cup have withdrawn early from the IPL, and among them is one of KKR’s lynchpins this season: Sunil Narine’s big-hitting opening partner, Phil Salt.
  • Weather forecast: “Very hot with plenty of sunshine” – that’s the forecast for Ahmedabad on May 21, and the heat will hardly relent as the lights come on for the evening match: it’s a minimum of 31C on the day. The forecast says there’s a 0% chance of rain.

Also Read Pune Porsche Deaths: Teen Who Killed 2 With Porsche Got Bail In 15 Hours.

Eliminator: RR vs RCB, May 22, Ahmedabad

RR had won seven of their opening eight games, and on April 22 they were flying high at the top of the table. Conversely, RCB was struggling at the other end of the table, having lost as many games as RR had won, including six straight losses. When we fast-forward to May 20, we see an astounding turnaround: prior to Sunday’s washout, RR had won one out of the previous six games and lost four. With six straight victories under their belt, RCB enters this knockout match with the upper hand.

  • Previous meeting: They’ve played each other once this year, a convincing win for RR in Jaipur, where Virat Kohli hit a century only to be outdone by Jos Buttler.
  • Player availability: This time, RR will be without Buttler, who’s part of the English T20 World Cup contingent that’s left the tournament. RCB will be without Will Jacks and Reece Topley for the same reasons.
  • Weather forecast: The forecast doesn’t change much from Qualifier 1. Ahmedabad should remain hot and dry for the Eliminator.
KKR vs SRH

Qualifier 2: Loser of Qualifier 1 vs Winner of the Eliminator, May 24, Chennai

  • Weather forecast: Some clouds are forecast during the day, but only a 5% chance of rain. A low of 29C, so another hot, sweaty evening in store for the players.

Final: Winner of Qualifier 1 vs Winner of Qualifier 2, May 26, Chennai

There’s a possibility of a first-time winner: RCB, ending a 16-year drought in the same season that their women’s team knocked off the Women’s Premier League title in its second edition.

KKR vs SRH

Or RR could win their first title since the inaugural season when Shane Warne’s relatively unfancied team saw off MS Dhoni’s Super Kings in the final.

For KKR it would be a first title since 2014, and their third overall. Quite the homecoming for Gautam Gambhir, that would be – he had captained KKR to both their previous titles, and played for them till 2017. This season, he shifted from Lucknow Super Giants back to KKR as team mentor.

SRH’s only title (not to confuse them with the other franchise from Hyderabad, Deccan Chargers, who won it in 2009) came in 2016 – can they add to that?

  • Weather forecast: Not much change from Qualifier 2, but slightly hotter even (min. 30 C) and even less chance of rain (4%).

Is Covid back? Singapore sees Surge in Cases; Minister Advises Wearing of Masks | Details

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Singapore ministry said the estimated number of Covid-19 cases nearly doubled from 13,700 in previous week to 25,900 in the week of May 5 to 11.

The Singapore government is closely monitoring a new surge in Covid-19 infections, as the estimated weekly case count almost doubled in the week ending May 11. Health minister Ong Ye Kung on Saturday advised the wearing of masks again.

Singapore’s ministry of health stated that the government was closely tracking the trajectory of the new wave. According to the ministry, the estimated number of the Covid-19 cases nearly doubled from 13,700 in the previous week to 25,900 in the week of May 5 to 11.

Also Read Pune Porsche Deaths: Teen Who Killed 2 With Porsche Got Bail In 15 Hours.

The ministry reported that average daily Covid-19 hospitalisations increased from 181 to approximately 250 during the same period. To preserve hospital bed capacity, public hospitals have been instructed to reduce non-urgent elective surgeries and transfer appropriate patients to care facilities.

“We are at the beginning part of the wave where it is steadily rising,” health minister Ong Ye Kung said, according to a Straits Times report.

He added, “The wave should peak in the next two to four weeks, which means between mid- and end-June.”

Ong also encouraged those at highest risk of disease—including individuals aged 60 and above, medically vulnerable individuals, and residents of aged care facilities—to get an additional dose of the Covid-19 vaccine if they have not been vaccinated in the past 12 months.

Speaking about social restrictions Ong said there were no plans for any form of social restrictions as of now, as Covid-19 is treated as an endemic disease in Singapore. The minister added that imposing additional measures would be a last resort.

Ong, however, accepted the fact that Singapore, being a transport and communications hub, will be one of the cities that experience a wave of Covid-19 earlier than others.

“So Covid-19 is just something that we have to live with. Every year, we should expect one or two waves,” he said.

Pune Porsche Deaths: Teen Who Killed 2 With Porsche Got Bail In 15 Hours.

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The 17-year-old boy at the wheel of the speeding Porsche that hit a bike in Pune Saturday night, killing a man and a woman, was out on bail 15 hours after he was arrested. His lawyer Prashant Patil said a court granted bail to the minor on conditions — he has to work with traffic police in Yerwada for 15 days, write an essay on accidents, undergo treatment for his drinking habit and take counselling sessions. The accused is the son of a prominent Pune realtor.

Twenty-four-year-olds Aneesh Awadhiya and Ashwini Koshta, both engineers from Madhya Pradesh working in Pune, were returning on a bike after attending a get-together with friends. The Porsche, which eyewitnesses have said was driving at over 200 km per hour and had no number plates, hit the bike. Ashwini was thrown about 20 feet in the air and landed hard, said an eyewitness. Aneesh was thrown at a parked car and suffered serious injuries. Both died on the spot.

Also Read Maharashtra Board HSC 12th Result 2024 Date, Time Confirmed: Check results on May 21 at 1 pm

“The accident took place around 2.15 am. The car was in full speed. The driver was fleeing after the car hit the bike, but the airbags deployed. He could not see the road and parked the car. And locals caught them. Besides the driver, there were two occupants in the car. One of them escaped. The crowd beat up the other two,” said an eyewitness, an auto-rickshaw operator waiting for a ride.

The eyewitness said police reached the spot in 15 minutes.

The minor, it is learnt, was returning with his friends from a pub where they were partying to celebrate clearing their Class 12 exams.

Also Read ‘Apni Aukaat Mat Bhulo’: Social Media Slams ‘Classless’ RCB Players for Neglecting CSK’s MS Dhoni After Playoff Decider Clash.

Following a complaint by a friend of one of the victims, an FIR was registered under sections relating to death by negligence and rash driving. The teenager’s father and the pub that served him alcohol are also likely to be charged, police have said.

Pune Police Commissioner Amitesh Kumar said police had urged the court to treat the accused as an adult because this is a “heinous crime” and sought his custody. Police will approach the sessions court against the bail order, he said. “The father of the juvenile accused who handed over this car without a number plate to him to drive and allowed him to go to a pub has also been proceeded against. The establishment that served alcohol has also been proceeded against,” he said. 

The case is now being investigated by an Assistant Commissioner of Police-level officer and a “watertight case is being made out”, he said. The police commissioner said it is clear that the boy was driving under the influence of alcohol. Several eyewitnesses have said the teenager and his friends were heavily drunk.

The incident has sparked massive outrage, with many blaming lax laws for deaths due to rash driving and minors on the wheels.

Anurag Kulshrestha, president of an NGO that works for road safety, told NDTV, “There is no fear of law. In Pune, when authorities tried to enforce the helmet rule, all political parties came out to protest. We are living in an indisciplined society.”

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