Month: February 2024

Odisha FC builds distance at top with comeback victory against East Bengal FC

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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Odisha FC built distance at the top of the table with a 2-1 comeback victory against East Bengal FC at the Kalinga Stadium in Bhubaneswar in the Indian Super League (ISL) 2023-24 tonight.

The Juggernauts were tied on points with second-placed Mumbai City FC ahead of this match. However, they are now at 35 points from 17 games and keep hold of their first spot in the standings after two successive draws against FC Goa and Mohun Bagan Super Giant in the build up to this match.

The sailing wasn’t as smooth for the home side though, with East Bengal FC winger Vishnu Puthiya making heads turn by notching the fastest goal by any player in the current ISL season to break the deadlock in the 33rd second of the match!

.@OdishaFC are inching closer to #ISLPlayoffs after a resolute victory in #OFCEBFC! 👊👏

Watch the full highlights here: https://t.co/PsbvSEkBhc#ISL #ISL10 #LetsFootball #ISLonJioCinema #ISLonSports18 #OdishaFC #EastBengalFC #ISLRecap | @eastbengal_fc @JioCinema @Sports18 pic.twitter.com/4mLIVf1yXP

— Indian Super League (@IndSuperLeague) February 29, 2024

Right after the kickoff, Vishnu went dazzling down the right flank, picking the ball on the edge of the box, cutting into the middle, beating Jerry Lalrinzuala and outmanoeuvring Carlos Delgado before launching an instinctive shot beyond Odisha FC goalkeeper Amrinder Singh to put his side ahead early on in the contest.

East Bengal FC had a fantastic chance to sustain the pressure secured through this early lead. However, their influence in the proceedings began waning as Odisha FC recovered from the early setback by playing to their strengths, with the striking duo of Roy Krishna and Diego Mauricio sustaining pressure upfront and capitalising on their prowess from set pieces.

Mauricio had a shot from outside of the box swirling over the post in the 14th minute, but his tricky footwork came to the rescue, helping him earn a spot-kick as fullback Mohammad Rakip challenged to recover possession from him in the 38th minute.

Also Read: FC Goa snaps losing streak with 1-1 draw against Mumbai City FC

Mauricio stepped up and drilled the ball powerfully at the top right corner to equalise scores and bag his seventh goal of the campaign.

It was also the third penalty that he converted in ISL 2023-24, demonstrating his proficiency from 12 yards out, and helping him get on the scoresheet especially during a phase of the season when his Fijian counterpart Roy Krishna has outperformed him slightly.

That momentum carried on for the Juggernauts in the second essay of the game, and it was Ahmed Jahouh who swung into the thick of things to help his side bag the winner.

He has been a stalwart of the ISL, securing success with three different clubs, and tonight he equalled his teammate Krishna to become the player to assist the second most number of goals (24) after Hugo Boumous (32) in the history of the competition.

All of this came courtesy of a corner kick in the 61st minute, with his delivery landing in the path of former FC Goa star Princeton Rebello, who had started the game for Odisha FC.

Rebello reached the delivery and flicked it into the back of the net from a position where Prabsukhan Singh Gill could do nothing to thwart the goal, thus resulting in East Bengal FC facing their seventh loss of the ISL campaign.

Key Performer of the Match

Princeton Rebello (Odisha FC)

The attacking midfielder had an impressive outing, completing 33 out of his 37 attempted passes, recording 89% accuracy. He notched the winner and was an industrious presence behind the frontline, constantly exploring spaces in the final third, making decisive passes for his fellow forwards and elevating his game at the correct moment to bring his side back to winning ways.

What’s next for both teams?

Odisha FC and East Bengal FC will play their following matches against Chennaiyin FC and FC Goa on March 3 and March 6 respectively.

Brief Scores

Odisha FC 2 (Diego Mauricio 40’, Princeton Rebello 61’) – 1 East Bengal FC (Vishnu Puthiya 1’)

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

India hikes windfall tax on petroleum crude to ₹4,600 per tonne from March 1

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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The Indian government has announced a revision in the windfall tax rates on petroleum crude, effective from March 1. According to an official government order released on Thursday, February 29, the windfall tax on petroleum crude has been increased to ₹4,600 ($55.51) per metric ton, up from the previous rate of ₹3,300.

Windfall gains tax Revision w.e.f 1st March:
1. SAED on crude petroleum increased from Rs3300/Tonne to Rs4600/Tonne
2. SAED on Diesel decreased from Rs1.50/litre to Nil/Litre
3. SAED on petrol and ATF will continue at Nil@CNBCTV18Live @CNBCTV18News @FinMinIndia @ShereenBhan pic.twitter.com/dlBqMEbKZe

— Timsy Jaipuria (@TimsyJaipuria) February 29, 2024

Simultaneously, the government has made adjustments to the windfall tax on diesel, reducing it to zero from ₹1.50 per litre. This move is expected to have a direct impact on diesel prices, providing relief to consumers starting March 1, as per the order.

Notably, the windfall tax on petrol and aviation turbine fuel remains unchanged and will continue to be nil.

This latest update follows the government’s decision on February 16 to raise the windfall tax on petroleum crude to ₹3,300 per metric ton from ₹3,200. Additionally, the tax on diesel was increased to ₹1.5 per litre from zero at that time.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

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Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

States get over ₹2 lakh crore tax boost in February

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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The Centre’s strong revenue position is boosting state coffers as well. With the jump in the central tax kitty, states have been given two additional tranches of tax devolution this month.

According to a Finance Ministry statement, the Union Government released another additional instalment of tax devolution of ₹1.42 lakh crore, which is over and above the ₹72,961 crore already released on February 12. The total additional tax devolution for the month of February now amounts to over ₹2.15 lakh crore.

This additional share in central tax revenues is expected to spur the financing of welfare and infrastructure schemes of state governments, the Finance Ministry said.

Finance Minister Sitharaman tweeted, ”With this release, States have received three instalments of tax devolution in February 2024.”

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Trade Setup for March 1: 22,000 remains a challenge for the Nifty as new F&O series begins

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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The last few days are no proof to the fact that the February F&O series was actually a good one for both Nifty and the Nifty Bank. While the Nifty gained over 600 points during the series, an underperforming Nifty Bank rose nearly 1,000 points.

There has been pressure in the market at higher levels, no doubt. Thursday’s session was no different but the market had to end higher courtesy of the MSCI flows that came about during the final 30 minutes of trade. The broader markets, which were the bigger pain point on Wednesday, also ended higher due to the MSCI rebalancing.

Despite a recovery of over 100 points from the day’s low, the Nifty did not close above the mark of 22,000 after having made a high at 22,060. For the week, the index is down 0.8% and needs to close above 22,212 to turn around the weekly losses and post gains.

Other than the recovery on Thursday, the bulls are also taking hope from the strong third quarter GDP numbers reported after market hours. The 8.4% GDP figure was higher than the 4.5% reported last year during the same period. Friday’s session will also see companies report their auto sales figures for the month of February.

The MSCI rebalancing also meant that the foreign investor institutional buying number is disproportionately higher than the domestic investors, who were net sellers in the cash market on expiry day.

The Nifty is currently in the process of forming a new higher bottom for its higher top, higher bottom sequence, said Nagaraj Shetti of HDFC Securities. Immediate support for the index is at 21,850, while 22,200 and 22,300 will act as an immediate hurdle.

Rajesh Bhosale of Angel One believes that 21,850 is the key level for the Nifty and a break below that level would indicate a drop towards 21,700 – 21,625 levels. He would want see more price action behaviour around key support levels of 21,900 – 21,850. The emergence of a fresh sell signal in the RSI, suggests a capped upside, he added.

22,000 will be a trend decider for the bulls, according to Shrikant Chouhan of Kotak Securities. He expects a bounce back towards 22,200 in case the Nifty manages to sustain above 22,000, while a continued trade below that can take the index back to 21,860 – 21,830 on the downside.

MSCI flows rescued the Nifty Bank as well as stocks like PNB received the highest inflows according to analyst projections. The 500-point recovery from the day’s low also meant that the index closed back above the mark of 46,000.

Despite the recovery and a decent February F&O series, the Nifty Bank is an underperformer for the week, having declined by 1.5%. To end the week with gains, the index will have to close above 46,800 on Friday, which is a good 700 points higher from current levels.

Kunal Shah of LKP Securities continues to see a significant hurdle for the Nifty Bank around 46,500 and a break above that level will accelerate the index’s path towards 47,000. He further said that the confirmation of a bottom formation on the index would require sustained days of trading above the 46,000 mark.

The Nifty Bank remains below the 20-Day Moving Average, indicating slight weakness, said Ashwin Ramani of SAMCO Securities. He sees support for the index between 45,200 – 45,350, which is the 200-Day Moving Average, while the resistance for the index is at 46,800.

What Are The F&O Cues Indicating?

Nifty 50’s futures across series added 11.1% in Open Interest on Thursday. They ended the series with rollovers at 79.3%. On the other hand, Nifty Bank’s futures across series added 6% in Open Interest on Thursday, with rollovers at 74.2% at the end of the series. Nifty 50’s Put-Call Ratio is at 1.09 from 0.66 earlier.

No stocks are in the F&O ban at the start of the March series with Indus Towers and SAIL exiting the ban.

Nifty 50 on the Call side for March 7 expiry:

For next Thursday’s expiry on March 7, the Nifty 50 Call strikes between 21,900 and 22,200 have seen Open Interest addition.

Nifty 50 on the Put side for March 7 expiry:

On the Put side, the Nifty 50 strikes between 21,800 and 22,000 have seen Open Interest addition for next Thursday’s expiry.

The March futures of these stocks added fresh long positions on Thursday, meaning an increase in both price and Open Interest:

These stocks saw fresh short positions on Thursday, meaning a decrease in price but increase in Open Interest:

These are the stocks to watch out for ahead of Friday’s trading session:

• Bharti Airtel: Chairman Sunil Bharti Mittal, in an exclusive conversation with CNBC-TV18 said that the company is looking at an Average Revenue Per User (ARPU) of ₹300 by the end of financial year 2025. He is hopeful of starting with an ARPU of ₹250 this financial year.
• Vedanta: Supreme Court rejects plea to reopen Sterlite Copper smelter at Tuticorin.
• ICICI Lombard: ICICI Bank buys additional 25.1 lakh shares of ICICI Lombard for ₹431 crore, making it a general insurance subsidiary of the bank.
• Biocon: Arm Biocon Biologics signs settlement and licence agreement with Janssen Biotech and Johnson & Johnson to commercialise Bmab 1200 in the US market. The USFDA has also issued a form 483 with four observations for Biocon Biologics’ facility, which it inspected between February 20-28, 2024.
• Aurobindo Pharma: USFDA issues seven observations to the Eugia SEZ facility. The facility was inspected between February 19-29, 2024.
• Suven Pharma: To merger Cohance Lifesciences with itself. Conhance shareholders to get 11 shares of Suven for every 295 shows held. Advent entities shall own 66.7% stake in the merged entity while public will have the rest.
• Oil Stocks: Windfall tax on crude petroleum will increase from ₹3,300 per tonne to ₹4,600 per tonne. SAED on Diseel will be cut to nil from ₹1.5 per litre. SAED on Petrol and ATF will remain at nil.
• Tips Industries: Expands agreement with Warner Media, which gives the latter access to Tips Music’s full extensive catalogue globally. Warner Music has been exclusively distributing Tips Music’s 13,000+ strong Hindi Catalogue since 2020. The new deal will now see Warner Music take on commercial distribution responsibilities for all Tips Music’s frontline and catalogue music on all audio streaming apps, spanning across 23 Indian languages and over 30,000 songs.
• TVS Motor: Arm TVS Motor (Singapore) increases stake in Killwatt GmBH to 49% from 39.28% post the acquijsition of 8,000 shares of Killwatt GmbH for €2 million.
• Chalet Hotels: To acquire 100% stake in Ayushi & Poonam Estates for ₹315 crore.
• CMS Info Systems: Executive Vice Chairman & CEO Rajiv Kaul increases his stake to 6.2% from 2.62%.
• Kesoram Industries: Signs facility agreement to avail financial assistance or loan worth ₹1,850 crore from Tata Capital, Tata Capital Housing Finance & Hero Fincorp. Also signs agreement to refinance existing debt, transaction and other expenses.
• MOIL: Hikes prices of Ferro Grades with Manganese content below Mn-44% by 5% from March 1.
• Pidilite Industries: Appoints Sudhanshu Vats as Managing Director designate from April 2025. Kavinder Singh appointed Joint Managing Director from April 2025. Both will take charge after Bharat Puri’s term ends.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Bharti Airtel’s Sunil Mittal upbeat on content collaboration amidst Disney-Reliance deal

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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In a recent interview with CNBC-TV18, Sunil Bharti Mittal, the Founder and Chairman of Bharti Airtel, shared his views on the recent developments in the entertainment industry, particularly the collaboration between Disney, Viacom, and Reliance. The conversation delved into the impact of this partnership and how Bharti Airtel positions itself in this evolving landscape.

When questioned about the impact of the Disney-Viacom-Reliance partnership and the move towards bundled services, Mittal responded positively, stating, “We’ve always said we will partner with content providers; we have never been in content. Therefore, we will reach out to the new combination of Viacom-Disney; they will be one of our providers on a non-discriminatory basis.”

Mittal highlighted that Bharti Airtel already has relationships with major content providers such as Netflix, Amazon Prime, Zee, and Sony. He expressed optimism about the industry consolidation, stating, “I think this consolidation is good for the industry. And I only hope that everything will be provided to all the networks on a non-discriminatory basis. So we welcome this move and look forward to a healthy relationship with the providers.”

Sunil Mittal optimistic about India-UK free trade agreement

In the same interview, Mittal also shared insights into the potential signing of a free trade agreement (FTA) between India and the UK. Expressing optimism, he mentioned that both countries are very close to finalising the agreement, emphasising the need for understanding each other’s demands and positions to move forward with the talks.

Mittal highlighted the complementarities between India and the UK, stating, “It’s a much smaller market compared to India, but it’s got strength in biotech, defense, and various technologies.” He acknowledged the collaboration between Oxford University and the Serum Institute in producing the COVID-19 vaccine in a quick timeframe, showcasing the potential for fruitful partnerships between the two nations.

Watch the accompannying video for the full interview

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Will Andy Murray bag a third Olympic Gold in the Paris Games this year?

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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Tennis ace Andy Murray is hoping to overcome a run of poor form to secure his third Olympic gold medal in the Paris Games later this year. Murray is the only tennis player ever to win multiple Olympic singles championships. However, his current ranking is 67 in the world and he was until recently on a six-game-long losing streak before winning against Alexandre Muller in Doha in February.

“Hopefully I can get the chance to compete at another one,” Murray told BBC Radio Four’s Today programme as he was asked about his participation in the Paris Olympics.

Daniil Medvedev says Andy Murray is a warrior & he will find a good place in life after tennis:

“My memories… Well, first of all, he’s a fun guy and a great guy to be around. So that’s always a great quality in life. Then for sure, he’s an admiration of mine.”

“I remember when… pic.twitter.com/B48HexwQf3

— The Tennis Letter (@TheTennisLetter) February 29, 2024

Murray had won the gold in the men’s singles category back in 2012 in the London Games and followed the feat in Rio de Janerio in 2016. However, he is uncertain of making it to the Paris Olympics if his rankings continue to plummet.

At present, he will be hoping to get some rhythm under his belt in the Wimbledon this year, with rumours running around that he could hang his boots in the third Grand Slam of the year.

Also Read: Beijing to host 2027 World Athletics Championships

Murray seemed to be getting in good form after beating Denis Shapovalov in the Dubai Championships, but Frenchman Ugo Humbert cut short his run on Wednesday. “I’m likely not going to play past this summer. I get asked about it after every single match that I play, every single tournament that I play. I’m bored of the question, to be honest,” Murray explained.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

ICICI Bank buys 25 lakh shares to make ICICI Lombard General Insurance subsidiary company

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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Private sector lender ICICI Bank on Thursday said it has bought an additional 25.14 lakh shares of ICICI Lombard General Insurance for ₹431 crore.

Disclosure of the purchase through the stock exchanges comes two days after it announced the purchase of close to 81 lakh shares in ICICI Lombard for ₹1,356 crore.

With the latest purchase of shares, ICICI Lombard has become a subsidiary of the bank, as per regulatory filings. The move follows a May 2023 resolution by the bank’s board to increase the bank’s holding ICICI Lombard by another 4% in multiple tranches.

It had also secured nods from the banking and insurance watchdogs to go ahead with the plan to increase the holdings, the filing said.

ICICI Bank shares gained 0.70% to close at ₹1,053.45 apiece, while ICICI Lombard stock corrected by 0.61% to ₹1,712.75 apiece on Thursday.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

13th WTO Ministerial Conference talks to enter fifth day as consensus yet to be reached on key issues

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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Multilateral talks at the 13th WTO Ministerial Conference in Abu Dhabi are set to enter the fifth day as consensus is yet to be reached on several key issues.This includes issues like agriculture, fisheries, dispute settlement, moratorium on customs duty on e-commerce. 

The formal closing session of MC-13 in Abu Dhabi has been postponed to 3:30 pm on Friday as hectic discussions are underway to reach a consensus between demands of developing and developed countries. Ministers of member countries are expected to act on a draft package of documents after the formal closing session. This will be followed by a closing press conference by the MC-13 Chair and WTO‘s Director General, for which the exact time has not been determined.

India has sought lowering of the cost of remittances from developed countries to developing and least developed countries. It has also opposed the proposal for infrastructure facilitation for development (IFD) by a China-led group of countries, which are also a part of the Belt and Road Initiative. 

India has also urged WTO member nations to end the moratorium on customs duties on electronic transmissions to hasten digital revolution. Pushing for policy space for digital industrialisation at the WTO, India said that the moratorium on customs duties on electronic transmissions has implications for developing and lesser developed countries. 

With the digital revolution still unfolding, India submitted that developing countries need to focus on improving their domestic physical and digital infrastructure. India sought a supportive policy and regulatory framework for developing countries to create and develop digital capabilities. It also pointed out that currently only a few firms based in developed countries dominate the global landscape of e-commerce. 

India added that the huge digital chasm between developed and developing countries makes it even more challenging for them to increase participation in global e-commerce.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

BNP Paribas sells shares of 12 companies worth ₹5,125 crore

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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Financial services company BNP Paribas on Thursday sold shares of 12 companies, including Punjab National Bank and Bharat Heavy Electricals Ltd, for ₹5,125 crore through open market transactions.

Paris-based BNP Paribas through its affiliate BNP Paribas Arbitrage offloaded shares of 12 companies on the NSE and BSE.

According to the bulk deal data available on the NSE, BNP Paribas Arbitrage offloaded shares of Punjab National Bank worth ₹898 crore, sold shares of Bharat Heavy Electrical Ltd for ₹795 crore, disposed of shares of Union Bank of India for ₹761 crore.

In addition, BNP Paribas Arbitrage also sold shares of GMR Airports Infra Ltd and NMDC Ltd worth ₹1,434 crore on the NSE.

Meanwhile, BNP Paribas Arbitrage picked up 59,387 shares of PNB worth ₹72 crore. Details of the buyer(s) of shares of BHEL, Union Bank of India, GMR Airports Infra and NMDC Ltd could not be ascertained on the NSE.

BNP Paribas Arbitrage also divested its stakes in Axis Bank, DishTV, IDFC, IDFC FIRST Bank, Piramal Enterprises Ltd, SBI Life Insurance and Updater Services Ltd, as per the block deal data available with the BSE.

These shares were sold at a combined transaction value of ₹1,235 crore.

Meanwhile, East Bridge Capital Master Fund I acquired the shares of these companies on the BSE.

Shares of Punjab National Bank rose 1.74% to close at ₹122.85 apiece, shares of BHEL gained 2.49% to settle at ₹230.30 per piece, and Union Bank of India climbed 4.01% to end at ₹146.50 per piece on the NSE.

Also, the scrip of Axis Bank gained 0.10% to close at ₹1,075.70 apiece, SBI Life Insurance rose 0.97% to settle at ₹1,554.95 per piece and Updater Services jumped 3.62% to finish at ₹361.70 per share on the BSE.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Bombay High Court rejects CBI plea seeking stay on release of Indrani Mukerjea docu-series

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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The Bombay High Court on Thursday rejected the Central Bureau of Investigation (CBI)’s plea seeking to halt the release of Netflix’s documentary series, ‘The Indrani Mukerjea Story: Buried Truth’. The docu-series, which talks about the disappearance of Indrani Mukerjea’s daughter Sheena Bora, was earlier scheduled to premiere on the OTT platform on February 23.

The central agency moved the High Court seeking a stay on the release of ‘The Indrani Mukerjea Story: Buried Truth’ until the trial in the Sheena Bora murder case was concluded.

A division bench of Justice Revati Mohite Dere and Justice Manjusha Deshpande watched the docu-series and did not find anything prejudicial in it against the ongoing trial in the case, Bar and Bench reported. The CBI has booked Indrani Mukerjea as the prime accused in the murder case.

“We didn’t think there was anything. We initially thought there may be something and hence we also saw (the series). Public perception is the least of our concerns. What even she (Indrani) has said (in the series), is that everything is in the public domain. Honestly, we have not found anything that goes against the prosecution. We felt that you had a genuine apprehension and, therefore, we gave you the opportunity to view the series and we did not even let the other party argue on that day. You cannot presume the accused to be guilty,” the report quoted the bench as saying.

The CBI approached the Bombay High Court after its plea was earlier rejected by the special CBI court.

The docu-series features interviews with the accused and some of the witnesses as well, the CBI said in its application before the court. Earlier, Additional Solicitor General Devang Vyas, while appearing for the CBI, argued that since it had only seen the trailer of the Netflix show, it wasn’t aware of how many witnesses it shows.

On this, the High Court had on February 22 suggested the OTT platform hold a special screening for the lawyers and the judges.

Netflix had also postponed the release of the series earlier.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow