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The company has been asked to explain why it should not be blacklisted by the government and further action taken against it, a top official said. Patna: Taking a grim view of the bridge collapse incident two days ago, the Bihar government has slapped a show cause notice on the construction company concerned, a top official said on Tuesday. Pratyay Amrit, the Additional Chief Secretary for the road construction department, also said that the executive engineer concerned has been suspended. "The Haryana-based company, which was awarded the contract, has been served with a show cause notice by the Managing Director of Bihar Rajya Pul Nirman Nigam and asked to reply within 15 days", Amrit told PTI. The company has been asked to explain why it should not be blacklisted by the government and further action taken against it, he said. "The department has also suspended the executive engineer concerned for his failure to keep an eye on the quality of the work", added the Additional Chief Secretary. Constructed over the river Ganges, the bridge was supposed to link Bhagalpur and Khagaria districts. The under-construction bridge, a portion of which caved in on Sunday, involved a cost of over ₹ 1,700 crore and was supposed to be completed by 2019. The foundation stone of the structure was laid in February 2014, by Chief Minister Nitish Kumar. Deputy chief minister Tejashwi Yadav had earlier indicated that portions of the bridge had been demolished earlier in a planned fashion and the final collapse indicated that fears about the structural stability of the bridge were correct. The incident took place a year after another portion had collapsed during a thunderstorm. The chief minister had, on Monday, voiced strong displeasure over the poor quality of the work and the inordinate delay in completion. The BJP, which had been in power in the state till about a year ago, has been pinning the blame on “corruption” and demanding the chief minister's resignation.

Sakshi Malik's husband Satyawrat Kadian, who was present during the recent meeting between protesting wrestlers and Union Home Minister Amit Shah, said the meeting was inconclusive. Satyawrat Kadian, the husband of ace grappler Sakshi Malik, said the wrestlers’ meeting with Home Minister Amit Shah held on Saturday was inconclusive, as they "did not get the reaction they wanted from the Home Minister". The meeting between Shah and the wrestlers was held late on Saturday at Amit Shah’s residence in Delhi and went on till late that night, as the wrestlers raised their demand for Wrestling Federation of India (WFI) chief Brij Bhushan’s arrest. "We didn’t get the reaction we wanted from the Home Minister so we came out of the meeting. We are chalking out our strategy for the future course of the protest. We will not back down,” Kadian said, as he intimated that the wrestlers are planning their next course of action. The meeting was held days after the protesting wrestlers went to Haridwar to immerse their medals in the Ganga, but were stopped by farmers' leader Naresh Tikait. Their return was followed by an ultimatum to the government demanding the arrest of BJP MP Brij Bhushan Sharan Singh’s arrest before June 9. The wrestlers also met with sports minister Anurag Thakur before meeting Amit Shah. Thakur promised a “fair probe into their allegations”. Wrestlers have been protesting against Brij Bhushan Sharan Singh, alleging he sexually harassed women grapplers, including a minor. So far, two FIRs have been lodged against Brij Bhushan, and he has been booked under the Pocso act.

The CBI probe team arrived at the accident site in Balasore on Tuesday morning and will take over the investigation from Odisha police. New Delhi: The Central Bureau of Investigation (CBI) will today take over the investigation into the horrific 3-train crash on Friday in Odisha's Balasore that killed 278. The CBI probe team arrived at the accident site in Balasore on Tuesday morning and will take over the investigation from Odisha police. The Odisha police have filed a case with charges of "causing death by negligence and endangering life" in the train accident. The CBI stepping in is a significant move as officials say only a detailed probe by a top agency can establish criminal tampering, if any, with the point machine or the electronic interlocking system, or if the train changed tracks due to reconfiguration or a signaling error. Railway officials had earlier indicated that possible "sabotage" and tampering with the interlocking system, which detects the presence of trains, led to the accident involving the Shalimar-Chennai Central Coromandel Express, the Bengaluru-Howrah Superfast Express, and a goods train. The crash, involving two passenger trains and a goods train, killed 278 people and injured more than 800. The railways said that according to the initial investigation, the accident was the result of a signalling problem and there was no collision. Some railway experts have, however, questioned whether Coromandel Express may have hit the goods train directly inside a "loop line". A "loop line" divides from the main railway tracks and returns to the mainline after some distance, which helps manage busy rail traffic. Visuals show the Coromandel Express' engine resting on top of the goods train, indicating a straight collision. The CBI inquiry will focus on answering all queries regarding the accident, the worst in the country in the last two decades. Government sources have said all angles will be investigated, including mechanical error, human error, and sabotage. On Saturday, Prime Minister Narendra Modi said that strictest action will be taken against those found guilty.

Byju's did not pay $40 million in interest that was due on Monday, according to people with knowledge of the matter. Education startup Byju's has elected not to make further payments on a $1.2 billion loan after a dispute with lenders, escalating a conflict that could jeopardize the future of one of India's highest-flying startups. Byju's did not pay $40 million in interest that was due on Monday, according to people with knowledge of the matter. The company said in a statement June 6 that it has filed a complaint concerning the loan to the New York Supreme Court. "Given that legal proceedings are now on foot in both Delaware and New York, it is clear that the entire TLB is disputed," the company said, referring to the $1.2 billion term loan B. "As such, BYJU'S cannot be expected to and has elected not to make any further payment to the TLB lenders, including any interest, until the dispute is decided by the court." Byju's had been trying to strike a deal with creditors to restructure the loan after the pandemic-era online tutoring boom tapered off and crimped its finances. But creditors demanding an accelerated repayment scrapped the long-running negotiations. The payment hadn't been made as of 6pm in New York on June 5, according to the people, who asked not to be identified because the matter is private. Some lenders are exploring options on how to address a potential payment default, the people said. The loan slumped to a low of 64.375 cents on the dollar on Monday, down from 78 cents on June 2, according to data compiled by Bloomberg. The company led by former teacher Byju Raveendran had previously missed deadlines to file financial accounts, and its offices were searched by India's agency that investigates violations of the nation's foreign-exchange policies. Raveendran, the son of educators, founded his eponymous startup in 2015. The firm, whose parent company is formally known as Think & Learn Pvt, grew into the most valuable of the country's startups over the past decade through a surge in demand for online education and a series of acquisitions. It drew investments from from Tiger Global Management and Mark Zuckerberg's Chan Zuckerberg Initiative, along with Silver Lake Management and Naspers Ltd. Byju's had reached a valuation of $22 billion and had considered merging with a special-purpose acquisition company, or SPAC, to go public last year. Byju's disputed the idea that its decision not to make interest payments signaled financial difficulties. "Byju's remains financially robust with significant cash reserves," it said in its statement. "It remains open to discussions with the TLB lenders."

Two weeks ago, EOW arrested two persons, including a suspended functionary of Tamil Nadu BJP, K Harish (31), who was one of the directors of Aarudhra Gold trading private limited. The Economic Offences Wing (EOW) of the State police, which is handling the Rs 2,400 crore Aarudhra gold trading scam on Friday issued a look-out notice to film actor-producer and vice president of BJP’s State OBC wing RK Suresh. The notice was sent to the actor based on an affidavit given by middleman Rousseau and all airports. On April 11, one of the accused in the scam, Harish, told investigators in the EOW that he had given money, meant for investors, to certain functionaries of the BJP, the probe team has summoned two BJP men for a detailed inquiry. On April 22, the Madras High Court refused to stay the summons issued by the EOW to RK Suresh asking him to appear before it in connection with the scam. The court also asked the police to respond to his petition seeking a direction to quash the summons. Earlier, the EOW in its probe into the accused of the scam, learned that actor-producer RK Suresh is linked to the Ponzi scheme. Aarudhra gold trading private limited, a firm, has defrauded the public to the tune of Rs 2,438 crore by collecting funds from over one lakh depositors between September 2020 and May 2022. People deposited money as they were promised exorbitant interest rates, however, the company walked back on its promise, according to police. After investors realized that they have been cheated, hundreds of them approached the police across the state after which, in May last year, the EOW registered a case under several sections of IPC, including 420 (cheating and sections of the Banning of Unregulated Deposit Schemes (BUDS) act and sections of the Tamil Nadu Protection of Interests of Depositors (TNPID) Act. A total of 21 persons were booked and eight top executives of the firm including the Directors- Baskar, Mohanbabu, Senthil Kumar, Pattabiraman, and managers Rafik, Ayyappan, and two agents were arrested. Two weeks ago, EOW arrested two persons, including a suspended functionary of Tamil Nadu BJP, K Harish (31), who was one of the directors of Aarudhra gold trading private limited.

An earthquake of magnitude 4.3 jolted Afghanistan early on Saturday. According to the National Center for Seismology, the earthquake tremors were felt 213 km east of Fayzabad at 6:51 am today. There were no reports of any damage to property or loss of lives due to the earthquake. Much of Afghanistan is situated on an earthquake-prone zone and seismic activity in the country is influenced by the subduction of the Arabian Plate to the west and the oblique subduction of the Indian Plate to the east. In the past decade, more than 7,000 people in Afghanistan have died due to earthquakes. On June 22, 2022, an earthquake measuring 6.2 on the Richter Scale struck southeastern Afghanistan, affecting the provinces of Paktika and Khost, along with parts of Khyber Pakhtunkhwa, Pakistan. The tremors were also felt in parts of India. Between 1,052 and 1,163 people died and more than 2,000 people were injured in Afghanistan and Pakistan due to the impact of the earthquake. Read More On..