Author: Virgin News

Paris, December 5, 2024 – French President Emmanuel Macron is under relentless scrutiny following the dramatic ousting of Prime Minister Michel Barnier, with critics accusing him of mishandling the nation’s mounting political and economic turmoil. The successful no-confidence vote has placed Emmanuel Macron at the centre of a storm, with opposition leaders and citizens alike questioning his leadership. This is not the first time Emmanuel Macron has faced such backlash, but the intensity of criticism has reached unprecedented levels. With the National Assembly divided and public trust in his administration waning, Emmanuel Macron is being accused of political arrogance and…

In a landmark judgment with far-reaching implications for service jurisprudence, the Supreme Court of India, led by Justices Pamidighantam Sri Narasimha and Sandeep Mehta, delivered a verdict on November 27, 2024, emphasizing the sanctity of rules governing promotions in public service. The case, Government of West Bengal & Ors. vs. Dr. Amal Satpathi & Ors. (Civil Appeal No. 13187 of 2024), not only clarifies the process, but also safeguards the principles of equity and fairness. Promotion: A Statutory Right, Not an Absolute Privilege The Supreme Court reiterated the distinction between the right to be considered for promotion—a fundamental and statutory…

In a significant ruling delivered by the Hon’ble Delhi High Court in the case of Autodesk, Inc. and Anr. v. Mr. Prashant Deshmukh and Ors., the court addressed issues of copyright infringement, trademark misuse, and the unlawful use of pirated software. The judgment, rendered by Justice V.K. Jain, emphasized the importance of protecting intellectual property rights, particularly in the domain of software. The case highlights the growing menace of software piracy and the need for strict judicial intervention to deter similar offenses. Background of the Case on Software Piracy The plaintiffs, Autodesk, Inc., a global leader in design software, and…

The Shri Ram Janmabhoomi Teerth Kshetra Trust has announced that the first anniversary of the Ram Mandir ‘Prana Pratishtha’ ceremony will be celebrated on January 11, 2025. Although the original ceremony took place on January 22, 2024, the anniversary will follow the Hindu calendar (Panchang) tradition. It will be observed annually on Paush Shukla Dwadashi, also known as Kurma Dwadashi, referred to as “Pratishtha Dwadashi” by the Trust. Key Decisions from the Trust Meeting-Ram Mandir Prana Pratishtha A meeting of the Shri Ram Janmabhoomi Teerth Kshetra Trust, held at Maniram Das Chhawni, outlined several decisions to enhance the temple complex…

India and China, the two most populous nations in the world, have long been economic powerhouses in Asia. With their immense potential, these countries have shaped the trajectory of global economic growth. However, while China’s economy has surged ahead over the past few decades, India has been steadily gaining momentum and India Can Outpace China. As of 2023, China’s GDP stands at approximately $19.37 trillion, making it the second-largest economy globally, while India’s GDP is around $3.73 trillion, placing it fifth. Despite the disparity, India’s growth rate of approximately 6-7% annually offers a promising outlook. The vision of India overtaking…

The much-anticipated Test series between cricketing powerhouses India and Australia got underway at the iconic Perth Stadium, offering fans a rollercoaster of emotions and high drama on the very first day. The first Test, marked by a battle of pace and precision, saw both teams grappling for dominance, only to end the day on a relatively even footing after some sensational performances with the ball. India Fragile Start in Cricket: India, electing to bat after winning the toss, faced a formidable Australian bowling cricket attack under cloudy skies that seemed tailor-made for seam and swing. The opening pair, Rohit Sharma…

Elcid Investments Limited was incorporated on December 3, 1981, under the Companies Act of 1956 in Mumbai, India. The company operates as a Non-Banking Finance Company (NBFC) registered with the Reserve Bank of India (RBI). Its primary business involves making investments in shares, debentures, mutual funds, and other financial instruments. Elcid Investments: Directors and Management The board of directors includes: Additionally, Ms. Ragini Varun Vakil serves as the Chief Executive Officer (CEO) and Chief Financial Officer (CFO). Elcid Investments Registered Office The company’s registered office is located at: 414 Shah & Nahar (Worli) Industrial Estate, B Wing, Dr. E Moses…

The International Criminal Court (ICC) made global headlines this week by issuing arrest warrants for Israeli Prime Minister Benjamin Netanyahu and former Defense Minister Yoav Gallant. The court accuses the two leaders of committing war crimes and crimes against humanity during recent military operations in Gaza. This unprecedented move marks the first time the ICC has targeted a Western-backed leader, drawing both praise and condemnation from around the world. With 124 member states potentially obligated to enforce these warrants, the implications for international justice, diplomacy, and the Israel-Palestine conflict are profound. Netanyahu: Allegations and Accusations The ICC alleges that Netanyahu…

Adani Faces Charges: Evidence and Potential Fallout In a landmark development, the U.S. Department of Justice (DOJ) and Securities and Exchange Commission (SEC) have indicted, founder and chairman of the Adani Group, along with seven associates, on charges of bribery, fraud, and conspiracy. Adani Faces U.S. Crackdown as in this case, rooted in allegations of a $250 million bribery scheme to secure lucrative solar energy contracts in India, has sent shockwaves across global financial markets. With potential penalties that include decades in prison and billions in fines, this could be one of the most significant international corporate prosecutions in recent…

G20 declaration on Digital Public Infrastructure, AI and Data for Governance – Joint Communiqué by the G20 Troika (India, Brazil and South Africa), endorsed by several G20 countries, guest countries and international organizations is the highlight of this event. The global economy is navigating through unprecedented times, with growth at just over 3 percent—the lowest since the turn of the century when an average of nearly 4 percent was the norm before the pandemic. However, amid these challenges, the rapid advancement of technology offers a transformative opportunity. Equitably deployed, technology has the potential to revitalize growth, reduce inequality, and significantly…