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ED summons Edelweiss Group chairman Rashesh Shah in alleged forex scam Edelweiss Group founder and chairman Rashesh Shah was summoned by the Enforcement Directorate (ED) on Thursday (January 9) in connection with an alleged forex scam. The ED in its summon asked Shah to be present before it to “give evidence and to produce books of account or other documents” in a forex case involving a company called Capstone Forex Pvt LTD The ED’s probe documents, accessed by BusinessToday.In, claim Shah’s “front entities” gave the lead about his involvement in the alleged scam. Source: Business Today

Wasim Akram Loses ‘Family Heirloom’ Watch on Flight, Trolls Ask Him to Buy a New One As former Pakistan captain Wasim Akram tweeted about a treasured watch he lost on a flight on Wednesday, trolls had a lot of time on their hands to mock the veteran. Tweeting from his official Twitter handle, @wasimakramlive wrote: “Lost my watch on flight EK 605 seat 10a KHI-DXB. I am now following @emirates. “Please have someone contact me ASAP as I have exercised all customer service points in Dubai and do not feel comfortable that enough has been done. This watch is a...

Imran Khan Says Pakistan Will Never Participate in Anyone Else’s War Again, Hopes to Set ‘Example’ for Other Muslim Nations Prime Minister Imran Khan said on Thursday that Pakistan will “never get involved” in other countries’ wars again and will serve as an “example” for other Muslim countries and “lead” them. Khan made the comments a day after he directed Foreign Minister Shah Mahmood Qureshi to visit Iran, Saudi Arabia and the US as part of Pakistan’s efforts to defuse the tensions in the Gulf region following the killing of top Iranian general Qasem Soleimani in a US drone strike and...

‘No Takers for Your Malware’: At UNSC, India Tears Into Pakistan for ‘Peddling Falsehoods’ on J&K New York: Pakistan should heal itself of its “malaise” and stop peddling falsehoods, India said at the UN Security Council on Thursday, calling the neighbour a country that epitomises the dark arts. Criticising the UN body for its inability to counter terror from Pakista, Syed Akbaruddin — India’s Permanent Representative to the United Nations — said there were “no takers here for your malware.” He said: “It is increasingly acknowledged that the Council faces crises of identity and legitimacy, as well as relevance and performance....

Privatization will strengthen civil aviation sector: Puri Privatisation will strengthen the civil aviation sector and help in its expansion, Union Aviation Minister Hardeep Singh Puri on Thursday said.  “This sector provides opportunities for not just players within the country but outside. We are currently in the process of privatisation programme for our flight carriers,” he said.  “Privatisation will strengthen the aviation sector and will contribute in its expansion both in short and medium term,” Puri said at the curtain raiser event here for the upcoming WINGS INDIA 2020, the country’s latest edition of civil aviation exhibition to be held in...

Will Infosys stock soar after clean chit for Salil Parekh? Mumbai: Infosys Ltd shares have received the cold shoulder from investors ever since an anonymous whistleblower alleged serious misconduct by its top management. With the company now issuing a detailed statement, offering almost a point-to-point rebuttal to the allegations, a moot question is if the shares will rally. Indeed, they have risen about 6% in pre-market trading on the New York Stock Exchange. Source: Livemint

World’s most famous runaway: Carlos Ghosn’s great escape costs him a fortune Life on the run is proving expensive for Carlos Ghosn. The cost of his escape included $14 million in forfeited bail money while the operation that saw him celebrate New Year’s Eve in Beirut could have cost $15 million or more. That includes $350,000 for the private jet that spirited the former auto executive from Osaka to Istanbul and millions of dollars for his multicountry extraction that would have taken a team of as many as 25 people half a year to plan, according to a private security expert...

VVS Laxman leaves out MS Dhoni, Shikhar Dhawan in his India squad for World T20 MS Dhoni and Shikhar Dhawan were two notable absentees when VVS Laxman named his preferred 15-man India squad which he would like to travel to Australia for the T20 World Cup later this year. Laxman, speaking on Star Sports during a show on the ongoing India vs Sri Lanka T20I series, picked 15 names that include Rohit Sharma, who has been rested from the current series, and the injured Hardik Pandya. Source: The Indian Express

Spinners to play a big role in series against India: Pat Cummins Australian pace spearhead Pat Cummins expects spinners of his team to play a bigger role in the ODI series against India even though he is not expecting dust-bowls during a limited-overs assignment. The series begins in Mumbai on January 14, followed by the second and third match in Rajkot on January 17 and Bengaluru on January 19 respectively. “I think spinners play a bigger part in India than they do around the world but it’s rare you get a big spinning dust bowl for a one day international,”...

I want to become India’s first ever women’s MMA champion: Ritu Phogat It has been an eventful year for Rity Phogat. The Commonwealth Games gold medalist decided to shift from wrestling to Mixed Martial Arts (MMA) and she registered her first win after beating Nam Hee Kim at ONE Championship: Age Of Dragons in November 2019. It is a new experience for the wrestler and she wants to become te first ever women’s MMA champion from India. “To become India’s first ever women’s MMA champion. There is no one from our country at the global stage in MMA, and I...