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Gaekwad had requested Sebi's exemption under takeover rules to propose 275 a share for Religare, offering a 17% premium to the Burmans' offer of 235. He was obligated to deposit 600 crore by Thursday in a Reserve Bank of India-nominated bank account to prove his financial capacity.
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Investigators suspect the Army helicopter crew that collided with an American Airlines jet near Washington, D.C., might have had inaccurate altitude readings and missed key air traffic controller instructions. The crash killed all 67 aboard and is under investigation by the NTSB, with final findings expected in over a year.
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The U.S. Internal Revenue Service is set to fire thousands of probationary employees, amid tax-filing season. The move aligns with efforts by President Trump and Elon Musk to streamline the federal government. Concerns are raised over potential impacts on the agency's operations without thorough analysis.
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