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A special court here on Thursday dismissed the interim bail application of <keyword id="155796" type="General" weightage="80" keywordseo="avantha-group" source="Orion">Avantha Group</keyword> promoter <keyword id="3910012" type="General" weightage="80" keywordseo="gautam-thapar" source="Orion">Gautam Thapar</keyword>, who was arrested in connection with the alleged misappropriation of a Rs 515 crore loan from Yes Bank. The Special Judge, Rouse Avenue Court Complex has dismissed the interim bail application of <keyword id="174" type="General" weightage="100" keywordseo="thapar" source="Orion">Thapar</keyword>, which was filed on medical grounds, citing his deteriorating health. During the course of proceedings, the judge requisitioned the medical status report of Thapar from the Chief Medical Officer, <keyword id="56350" type="General" weightage="50" keywordseo="tihar-jail" source="Orion">Tihar Jail</keyword>, where he is currently lodged in. The medical officer-in-charge of the Central Jail opined that Thapar continues to have persistent left-sided chest pain, palpitations, vertigo, blackouts, severe lumbar pain, and his previous records show severe co-morbidities. The report further stated that any delay in investigation and intervention may lead to irreversible damage. Counsel for Directorate of Enforcement, N.K. Matta, strongly objected to bail, stating that the jail authorities are well equipped to provide necessary treatment. Thapar was represented by counsel Sandeep Kapur, Senior Partner, Karanjawala &amp; Co., and his team comprising Vir Sandhu, Rajat Soni, <keyword id="13977064" type="General" weightage="50" keywordseo="vivek-suri" source="Orion">Vivek Suri</keyword>, Mridul Yadav, Abhimanshu Dhyani, and <keyword id="13977065" type="General" weightage="50" keywordseo="sahil-modi" source="Orion">Sahil Modi</keyword>. The team had briefed senior advocate N. Hariharan to appear on behalf of Thapar. SEE WORK: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/auto/news/goa-has-the-highest-car-ownership-in-india-check-out-the-states-with-highest-and-lowest-car-ownership/slidelist/91664118.cms">Goa has the highest car ownership in India, check out the states with highest and lowest car ownership</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/india/news/navjot-singh-sidhu-gets-one-year-in-jail-in-the-1988-road-rage-case/articleshow/91662761.cms">Navjot Singh Sidhu gets one year in jail in the 1988 road rage case</a>

Avantha Group promoter denied interim bail on his arrest for alleged misuse of ₹515 crore loan

<ul><li>While the <keyword id="6408304" type="COMPANY" weightage="20" keywordseo="doordarshan">Doordarshan</keyword> has made us nostalgic with 80’s superhits like Ramayana, Mahabharat, the originals across OTT platforms — Netflix, <keyword id="758541" type="COMPANY" weightage="20" keywordseo="Amazon-Prime">Amazon Prime</keyword> and <keyword id="6245082" type="PERSON" weightage="20" keywordseo="ZEE5">ZEE5</keyword> — also have a lot to offer. </li><li>From crime to horror and thriller, here are the Indian originals that will be worth your time during the lockdown. </li><li><a href="https://www.businessinsider.in/">Visit businesinsider.in for more stories.</a></li></ul>The 21-days nationwide lockdown has made Indians sit on their comfy couch and opt for binge watching. While the Doordarshan has made us nostalgic with 80’s superhits like Ramayana, Mahabharat, the originals across OTT platforms — Netflix, Amazon Prime and ZEE5 — also have a lot to offer. From crime to horror and thriller, here are the Indian originals that will be worth your time during the lockdown. Bhram — ZEE5 <div type="Youtube" id="hwmkcdOGnJk" title="Official Trailer | Bhram | A ZEE5 Original" thumbUrl="https://i.ytimg.com/vi/hwmkcdOGnJk/mqdefault.jpg"></div> IMDb rating: 8.9/10 Director: Sangeeth Sivan Cast: Kalki Koechlin, Sanjay Suri, Ejaz Khan, Bhumila Chawla Alisha Khanna faces post-traumatic stress disorder, and moves to her sister’s place in Shimla to start afresh. Soon after, she starts getting visions of a girl. While it looks like hallucination at first, Alisha later investigates the story to write a book and finds out that the girl died 20 years ago. Bhram is an Indian thriller series of s female novelist who puts her own life in danger while investigating a girl who died 20 years ago. Jamtara — Netflix <div type="Youtube" id="GoXd_sESBBI" title="Jamtara | Official Trailer | Netflix" thumbUrl="https://i.ytimg.com/vi/GoXd_sESBBI/mqdefault.jpg"></div> IMDb rating: 7.5/10 Director: Soumendra Padhi Cast: Amit Sial, Dibyendu Bhattacharya, Aksha Pardhasany Jamtara is a story of a phishing operation in a small town in Jharkhand. A story of a group of youngsters fooling around people across the country by asking their personal bank details to transfer the money into their bank account. The chase stops when a cop decides to fight against it and tracks down a corrupt politician involved in the operation. Inside Edge — Amazon Prime <div type="Youtube" id="es_cjyjeYbc" title="Inside Edge Season 2 - Official Trailer 2019 | Amazon Original" thumbUrl="https://i.ytimg.com/vi/es_cjyjeYbc/mqdefault.jpg"></div> IMDb rating: 8/10 Director: Karan Anshuman, Aakash Bhatia, Gurmmeet Singh Cast: Richa Chadha, Vivek Anand Oberoi, Angad Bedi Inside Edge is a must watch for all the cricket lovers in India. Inside Edge is a story of a T20 cricket franchise showcasing the ‘behind the scenes’ of a cricket league. From conflict of interest to power, money and fame, the narrative is the ‘game behind the game.’ Mission Over Mars (MOM) — ZEE5 <div type="Youtube" id="6qWsmv3Y3rk" title="M.O.M | Mission Over Mars | Official Trailer | Mona | Sakshi | Nidhi | Palomi | ALTBalaji" thumbUrl="https://i.ytimg.com/vi/6qWsmv3Y3rk/mqdefault.jpg"></div> IMDb rating: 8.9/10 Director: Vinay Waikul Cast: Mona Singh, Sakshi Tanwar, Nidhi Singh, Palomi Ghosh Mission Over Mars is an inspiring account of how the four women — who worked on the Mars Orbiter Mission — managed both their personal and professional lives to work for the country, India. Ghoul — Netflix <div type="Youtube" id="zg0N4L4mwFk" title="Ghoul | Official Trailer [HD] | Netflix" thumbUrl="https://i.ytimg.com/vi/zg0N4L4mwFk/mqdefault.jpg"></div> IMDb rating: 7.1/10 Director: Patrick Graham Cast: Radhika Apte, Manav Kaul, Ratnabali Bhattacharjee Ghoul, which was the second original on Netflix from India, is a horror web series set up in a military detention center where a young interrogator Nida Rahim investigates the truth. However, as she goes on, a lot of secrets unfold — exposing her, not the prisoner. State of Siege: 26/11 — ZEE5 <div type="Youtube" id="3htJTPZusl8" title="State of Siege: 26/11 | Official Trailer | A ZEE5 Original | Streaming Now on ZEE5" thumbUrl="https://i.ytimg.com/vi/3htJTPZusl8/mqdefault.jpg"></div> IMDb rating: 7.8/10 Director: Matthew Leutwyler Cast: Arjan Bajwa, Mukul Dev, Vivek Dahiya, Tara Alisha Berry, Arjun Bijlani State Of Siege: 26/11, as the name suggests, is a web series on the Mumbai terror attack that terrified the nation in 2008. The story reveals how lack of internal communication with the task force and protocols control and complicate things. SHE — Netflix <div type="Youtube" id="WPlXILGpOFk" title="She Official Trailer | A Netflix Original Series | Aditi Pohankar, Vijay Varma | March 20" thumbUrl="https://i.ytimg.com/vi/WPlXILGpOFk/mqdefault.jpg"></div> IMDb rating: 6.7/10 Creator: Imtiaz Ali Cast: Aaditi Pohankar, Vijay Varma, Vishwas Kini SHE is a psychological dark thriller. The story is about an undercover mission of the Mumbai police to crack down on a drug chain. Meanwhile, a constable of the police force takes the road to empowerment and realises her sexual potential.

Watch these Indian original shows on Netflix, Amazon Prime and Zee5

Mumbai, Feb 1 () Tax experts and analysts on Saturday said the optionality clause in the new income tax budget proposal is a big disincentive for investment in tax-saving instruments, which will dampen the markets and have ripple effects across all asset classes, including housing.
The Union Budget for 2020-21 has proposed new income tax slabs and reduced the tax rate for different slabs, with lower payouts provided the taxpayer foregoes all the existing exemptions/deductions.
Under the proposal, a person with an annual income of Rs 5-7.5 lakh will have to pay a lower tax rate of 10 per cent; Rs 7.5-10 lakh at 15 per cent; Rs 10-12.5 lakh at 20 per cent; Rs 12.5- 15 lakh at 25 per cent; and above Rs 15 lakh 30 per cent tax will be applied.
The proposal will lead to a revenue sacrifice of Rs 40,000 crore per annum, if all the taxpayers opt for the new structure.
It can be noted that household savings have been steeply declining over the years. According to government data household savings have dropped to 17.2 per cent of GDP in FY18 from 23.6 per cent in FY12.
The move to tax dividend at the hands of the investors will also have a deep negative impact on the markets as it will force investors to look for other asset classes like fixed deposits.
"With the optional new regime, taxpayers will have to evaluate what works better for them. Those committed to long-term savings and investing via 80C may be discouraged and this may likely de-motivate them from investing in tax-saving asset classes," said Archit Gupta, founder of Cleartax.
However, he said shifting of the dividend distribution tax from the companies to the individual investor is a good step as it increases dividend received in the hands of the taxpayer. Those above 20 per cent tax slab will now face more tax on their dividend income.
Biocon CMD Kiran Mazumdar Shaw tweeted that removal of exemptions and DDT will hurt individual tax payer and affect consumer spending.
Ajit Mishra of Religare Broking said the widely expected personal income tax cuts have come in with lots of caveats, leaving no major impacts.
Similarly, Dhiraj Relli of HDFC Securities said the proposals on the tax front will not stimulate positive sentiments for the capital markets.
RK Gurumurthy of Lakshmi Vilas Bank said tinkering with the personal tax and some structural changes in Dividend Distribution Tax (DDT) will work are cosmetic benefits that the small and medium investor will like.
However, Vivek Gambhir, head of Godrej Consumer Products said reduction in personal income tax slabs will provide some relief to the middle class, which in turn will increase disposable income and drive demand.
Similarly, Tapan Singhel of Bajaj Allianz General Insurance said the new personal income tax regime will help put more money in the hands of people, which should boost consumption.
Vijay Chandok of ICICI Securities also supported the view saying rationalisation of personal income tax rates is likely to be key catalyst for consumption pickup.
Kamlesh Rao of Aditya Birla Sun Life said the income tax relief will improve public sentiment and augur well for the economy.
SOTC managing director Vishal Suri said the new personal income tax regime will put more disposable income in the hands of individuals leading to more consumer spends and help consumption, especially tourism," he added. BEN BAL
BAL

New income tax regime big disincentive to investment: Analysts

West Bengal election results 2021: Trinamool Congress scores a double century but Mamata Banerjee loses Nandigram

The 2017 edition of <keyword id="6373044" type="CITY" weightage="100" keywordseo="Forbes">Forbes</keyword>’s list of super achievers under the age of 30 is out and nearly 30 Indian-origin innovators, entrepreneurs and leaders featured in the list as they seek to break the status quo and transform the world. 
 
The list has 30 game changers in 20 industries which include healthcare, manufacturing, sports and finance. 
 
The first 600 in the list are "challenging the conventional wisdom and rewriting the rules for the next generation of entrepreneurs, entertainers, educators and more. They are passionate and formidable bunch, and for good reason. Their goal is nothing short of breaking the status quo and transforming the world." 
In those 600, more than 30 men and women of Indian-origin are listed and are making a mark in their fields. 
 
The list includes 27-year-old Vivek Kopparthi, cofounder of NeoLight that has developed a phototherapy device that is portable for use at home for jaundice. 
 
The company is also working on a second tool to treat infant hypothermia. 
 Prarthna Desai, 27, left her <keyword id="53675" type="ORGANIZATION" weightage="20" keywordseo="harvard">Harvard</keyword> graduate school programme to use drones to gmedication to people in the developing world. 
 
In her operations role at the healthcare company Zipline, she is leading efforts to integrate the medicine- delivery-by-drone service with the healthcare system in Rwanda. 
 Shaun Patel, 28, is the orthopedic surgery chief resident at <keyword id="20988" type="ORGANIZATION" weightage="20" keywordseo="Harvard-Medical-School">Harvard Medical School</keyword> and has dozens of scientific publications in surgery journals. 
 
His company, OrthoNinja, aims to streamline communication between doctors by creating a mobile app that allows doctors to consult with one another. 
 
Rohan Suri, 17 is the founder of Averia Health Solutions and has developed an improved concussion test. 
 
In the law and policy category is 27 year old Varun Sivaram, Acting Director: Energy Security and Climate Change in leading think tank Council on Foreign Relations. 
 Sivaram completed his PhD at <keyword id="30725" type="ORGANIZATION" weightage="20" keywordseo="Oxford-university">Oxford University</keyword> and is on the advisory boards for <keyword id="33081" type="ORGANIZATION" weightage="20" keywordseo="Stanford">Stanford</keyword>'s energy and environment institutes. 
 He is an adjunct professor at <keyword id="208716" type="ORGANIZATION" weightage="20" keywordseo="Georgetown-University">Georgetown University</keyword> teaching "clean energy innovation" and previously, he advised <keyword id="3043" type="PERSON" weightage="20" keywordseo="Hillary-Clinton">Hillary Clinton</keyword>'s campaign on energy policy. 
 In manufacturing and industry, Neha Gupta, 28, played a role in the sale of Beats by Dre to <keyword id="6354427" type="CITY" weightage="20" keywordseo="Apple">Apple</keyword>. 
 
She manages manufacturing and supply chain for DAQRI, which makes augmented reality headsets to improve safety and efficiency for industrial workers. 
 Featured in the social entrepreneurs category is Aditya Agarwalla, 23, Cofounder of Kisan Network, The <keyword id="154037" type="ORGANIZATION" weightage="20" keywordseo="Princeton-University">Princeton University</keyword> dropout co-founded the Kisan Network, which is an online marketplace for small-scale farmers in India. 
 In the sports category is <keyword id="18901" type="PERSON" weightage="20" keywordseo="Akshay-Khanna">Akshay Khanna</keyword>, 29, Vice President of Strategy for American football team Philadelphia 76ers. 
 
Among the top guns in the venture capital sector is Anarghya Vardhana, 28, who joined the firm Maveron after spending a year at Rothenberg Ventures, where she launched a virtual reality accelerator and sourced and made seed investments in a dozen startups in the virtual reality space. 
 
Akshay Goyal, 28, is the Vice President of Starwood Capital. 
 
The youngest vice president in Starwood's history when he was promoted at the age 26, Goyal focuses on hotel acquisitions and has helped drive over USD 7 billion in deals. 
 
Recently he helped sell a portfolio of 240 US hotels to China Life for USD 2 billion. 
 
In the consumer technology sector is Ajay Yadav, 29, who is the founder of Roomi, a startup app that lets users find the right roommate to live with, chat with each other, search for listings, apply for an apartment and pay rent. 
 
New York-based Roomi has raised USD 7 million to date.

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Avantha Group promoter denied interim bail on his arrest for alleged misuse of ₹515 crore loan

IANS

Watch these Indian original shows on Netflix, Amazon Prime and Zee5

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New income tax regime big disincentive to investment: Analysts

PTI

West Bengal election results 2021: Trinamool Congress scores a double century but Mamata Banerjee loses Nandigram

BI India Bureau

These Indian-origin people featured in Forbes’ 30 under 30 list of super achievers and changed the game

BI India Bureau

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