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 Rajeev Jhawar is the son of Brij Kishore Jhawar. He has been the Managing Director at Usha Martin Limited since May 19, 2008. He is the Director of Neutral Publishing House Ltd. Usha Martin Limited had gone through turmoil with a huge debt burden and a family feud for several years. After hiving off its steel division to Tata in 2019 and clearing most of its debts, the company now sees itself in a reasonably healthy position. The current debt of the company, including the working capital, is now merely Rs582 crore, as against Rs4,600 crore in 2018–19.  Tata Steel manufacturing under Usha Martin which has a debt of over 4600 dot core-based is selling its steel business to Tata Steel for a total cost of close to around 4600 crore rupees which will help it wipe off its entire debt. Therefore, strengthening their balance sheet to remain focused on the mainstay business of wire rope business. it’s a good transaction but many things need to be understood. The deal is not yet a don...

 Christopher Geidt’s resignation frustrates Johnson’s ability to move on from the saga that saw him become the first sitting prime minister found to have broken the law. The spotlight is back on Boris Johnson’s conduct during the Partygate scandal following the resignation of his ethics adviser, Christopher Geidt, just a day after suggesting in Parliament that the prime minister had breached the ministerial code . “With regret, I feel that it is right that I am resigning from my post as independent adviser on ministers’ interests,” Geidt said Wednesday in a statement on the UK government website. His resignation comes as a surprise and mystery to Johnson and his team, according to a government official. Geidt’s resignation frustrates Johnson’s ability to move on from the saga that saw him become the first sitting prime minister found to have broken the law. Police fined him for attending a gathering for his birthday in Downing Street in June 2020, in breach of the Covid lockdown ru...

  UAE's economy ministry cited interruptions to global trade flows as the reason for its move, but added that India had approved exports of wheat to the UAE for domestic consumption. The United Arab Emirates (UAE) has ordered a four-month suspension in exports and re-exports of wheat and wheat flour originating from India, the world’s second biggest producer of the grain, state news agency WAM said on Wednesday. The Gulf nation’s economy ministry cited interruptions to global trade flows as the reason for its move, but added that India had approved exports of wheat to the UAE for domestic consumption. India banned wheat exports in a surprise move on May 14, except for those backed by already issued letters of credit (LCs) and to countries seeking to ensure food security. Since then, it has allowed shipments of 469,202 tonnes of wheat. Companies wishing to export or re-export Indian wheat brought into the UAE before May 13, when India’s suspension began, must first make an applicat...

  Pope Francis said the situation was not black and white and that the war was "perhaps in some way provoked".  Rome:  Pope Francis has taken a new series of swipes at Russia for its actions in Ukraine, saying its troops were brutal, cruel and ferocious, while praising "brave" Ukrainians for fighting for survival. But in the text of a conversation he had last month with editors of Jesuit media and published on Tuesday, he also said the situation was not black and white and that the war was "perhaps in some way provoked". While condemning "the ferocity, the cruelty of Russian troops, we must not forget the real problems if we want them to be solved," Francis said, including the armaments industry among the factors that provide incentives for war. "It is also true that the Russians thought it would all be over in a week. But they miscalculated. They encountered a brave people, a people who are struggling to survive and who have a history of st...

    The ongoing Russia-Ukraine war is an example wherein despite the increasing difficulty faced by the Ukraine military, write ups and policy suggestions cropping up in Western journals are openly hinting towards a possible victory for Ukraine    While wars between two countries are always determined by the relative asymmetry of military capabilities, the eventual outcomes are often clouded by false illusions and misconstrued public opinion. Yet, we lay individuals often fall prey to such artificial constructs masquerading as ‘gospel truth’, even if they eventually turn out to be untrue. The ongoing Russia-Ukraine war is one such example wherein despite the increasing difficulty faced by the Ukraine military, write ups and policy suggestions cropping up in Western journals are openly hinting towards a possible victory for Ukraine. The current edition of the  Foreign Affairs , published in the United States, for instance, has come out with some fascinating but o...

  Crypto Market Crash Latest News Today (14th June): Top cryptocurrencies have suffered worst price drop in two years as the global crypto market cap fell below the $1 trillion mark. Crypto Crash Latest News (14th June):  Top cryptocurrencies have suffered worst price drop of 2022 as the global crypto market cap fell below the $1 trillion mark. This is the first time since January 2021 when the global crypto market cap is below $1 trillion. In fact, around $100 billion has been wiped out from the crypto markets in a day. The global crypto market cap has fallen to $912 billion, down from the $1.04 billion recorded  yesterday  morning.  At the time of writing, almost every top crypto was in the red with prices of many touching new lows in the last 24 hours, according to CoinMarketCap data (9.10 am, India time).  Bitcoin (BTC) price has dropped by 14 percent percent in the last 24 hours to $21,966. The top crypto’s dominance has decreased nearly 2 percent to 4...

  In the week gone by, we have witnessed a series of spy shots for upcoming new cars in the country and a new car launch. Additionally, we have also come across new details for upcoming models. Read below to learn more about the top stories in India last week.  New Kia Seltos facelift begins testing in India The upcoming   Kia Seltos   facelift was spied testing on Indian roads for the first time. The updated   Seltos   will get a fresh set of cosmetic and feature updates. Mechanically, the vehicle is expected to be powered by the existing petrol and diesel engine options. These include the 1.5-litre NA petrol, 1.4-litre turbo petrol, and a 1.5-litre diesel engine option. Volkswagen Virtus launched in India; prices start at Rs 11.22 lakh Volkswagen   launched its much-awaited mid-size sedan in India last week. The vehicle is available in four variant options. The colour options of the sedan include Carbon Steel Grey, Wild Cherry Red, Candy White, Refle...