Former FBI agent Robert Hanssen

A former FBI agent who took more than $1.4 million in cash and diamonds to trade secrets with Russia and the former Soviet Union in one of the most notorious spying cases in American history died in prison Monday.
Robert Hanssen, 79, was found unresponsive in his cell at a federal prison in Florence, Colorado, and later pronounced dead, prison officials said.
Hanssen is believed to have died of natural causes, a person familiar with the matter told The Associated Press. The person was not authorized to publicly discuss details of Hanssen's death and spoke to the AP on condition of anonymity.
He had been serving a sentence of life in prison without parole after pleading guilty to 15 counts of espionage and other charges in 2001.
He had begun providing highly classified national security information to Moscow in 1985, and got more than $1.4 million worth of cash, bank funds and diamonds in exchange over the course of 16 years, according to an FBI history of his case.
The FBI has bee

A former FBI agent who took more than $1.4 million in cash and diamonds to trade secrets with Russia and the former Soviet Union in one of the most notorious spying cases in American history died in prison Monday.

Former FBI agent, who was convicted of spying for Russia, dies in prison

Press Trust of India

Here is the best of Business Standard's opinion pieces for today

Best of BS Opinion: A long pause, India's quantitative tightening, and more

Business Standard

Henkel eyes around 30% share of premium hair styling segment by 2025

Hair care brand Henkel, which launched a hair styling product for men on Monday, is eyeing to more than double its market share to around 30 per cent of the premium segment by 2025.
The German company, known more for its detergents and was present here till 2012, when it licensed this business to Jyoti Labs, retaining only the haircare segment in the B2B or professional hair care and styling market, had in November 2022 re-entered the consumer segment of the hair care market.
The professional styling market was around Rs 1,000 crore, while the overall hair care market was around Rs 5,000 crore in 2021, according to industry tracker Mintel.
The market is expected to grow at 8 per cent CAGR (Compound Annual Growth Rate) between FY23 and FY28. Of the total market, around 45 per cent is premium.
Kartik Kaushik, the country head of Henkel Consumer Brands India, wants to capture 30 per cent of this segment by the turn of FY25. Currently, it enjoys 12 per cent of the professional hair car

Hair care brand Henkel, which launched a hair styling product for men on Monday, is eyeing to more than double its market share to around 30 per cent of the premium segment by 2025.

Sidbi

Sidbi has tied up with the Niti Aayog, World Bank, Korea-World Bank partnership facility and Korean economic development cooperation fund to finance electric vehicles for small and medium industrial units.
The financing will be done under a new project called Evolve, which is electric vehicle operations and lending for a vibrant ecosystem, under which Sidbi will give access to affordable commercial financing for EVs, the national bank said in a statement on Monday.
While Niti Aayog will give technical support to Sidbi, financial assistance will come from the World Bank, Korea-World Bank partnership facility and the Korean economic development cooperation fund, Sidbi said.
The bank has already launched two financing schemes -- direct lending to MSMEs and a scheme for lending to N, to help them offer lower-cost financing.
The new scheme seeks to finance 50,000 EVs, S Ramann, chairman and managing director of Sidbi, said.
Kim Kisang, the chief representative from the Korean economic 

Sidbi has tied up with the Niti Aayog, World Bank, Korea-World Bank partnership facility and Korean economic development cooperation fund to finance electric vehicles for small and medium industrial units.

Sidbi ties up with the Niti Aayog to finance 50,000 EVs for MSMEs

Y S Jaganmohan Reddy

He also asked them to formulate an action plan to provide a separate wing for MSMEs in the Industries Department at the Secretary level and extend the required technology

Andhra govt to handhold MSMEs from manufacturing to marketing: CM Reddy

IANS

Nepal PM Pushpa Kamal Dahal Prachanda

Prime Minister Pushpa Kamal Dahal 'Prachanda' on Monday said that officials from both Nepal and India should sit down for discussions to resolve the border issue between the two countries.
Prachanda visited India from May 31 to June 3, his first official trip abroad since assuming office in December 2022. His meeting with Prime Minister Narendra Modi on Thursday saw the two countries signing seven agreements and launching six projects including new railway services.
The two leaders also vowed to resolve the vexed boundary dispute in the spirit of friendship.
Responding to the questions from lawmakers regarding the agreements reached during his India visit and the authentication of the Citizenship Amendment Bill in the House of Representatives, Prachanda said that Nepal and India both sides should sit together and hold discussions, keeping the map before them.
"Discussions have been held on several issues during my India visit. We are concerned on matters relating to national intere

Prime Minister Pushpa Kamal Dahal 'Prachanda' on Monday said that officials from both Nepal and India should sit down for discussions to resolve the border issue between the two countries.

Nepal, India should hold talks to resolve border issue: PM Prachanda

Ankur Sharma

The firm competes with players such as Curefoods, Biryani By Kilo, Box8, and FreshMenu

Rebel Foods offers ESOPs worth Rs 550 cr to kitchen, corporate employees

HDFC Bank

HDFC Bank on Monday suspended a high-ranking employee after a video of his unruly behavior with juniors on meeting business targets went viral on the social media.
The country's largest private sector lender has suspended the vice president-rank officer based in Kolkata after a video highlighting his abusive behavior towards subordinates started getting shared on social media.
"Basis a preliminary enquiry in the matter, the concerned employee has been suspended and a detailed investigation has been initiated which will be undertaken as per Conduct guidelines of the Bank," the lender said in a statement.
The bank added that it has "a zero tolerance policy" for any form of misconduct and believes in treating all of its "employees with dignity and respect".
In the undated video, the employee said to be a vice president rank official in-charge of regional bank branching is seen asking colleagues to sell insurance policies, leading to concerns being voiced about misselling of financial 

HDFC Bank on Monday suspended a high-ranking employee after a video of his unruly behavior with juniors on meeting business targets went viral on the social media.

HDFC Bank suspends senior executive over video of his unruly behaviour

Springer Nature\'s New state-of-the-art, Sustainable Office Inaugurated in Pune

New Delhi [India], June 5: Springer Nature, a Germany-headquartered global research publisher, inaugurated its largest office in India on Thursday, 1 June 2023. The office comprises 2 floors of the 7 lakh sq. ft. commercial building at Gera Commerzone, Kharadi in Pune. The inauguration ceremony was jointly presided over by Springer Nature Group's COO Marc Spenle and Matthias Wissel, CEO of Springer Nature Technology and Publishing Solutions in Pune. The event was conducted in the presence of 1400+ employees of the company's Pune office.

Springer Nature's New state-of-the-art, Sustainable Office Inaugurated in Pune

ANI Press Release

From Ideation to Impact: How Conquest BITS Pilani is Fueling India\'s Startup Journey

New Delhi [India], June 5: With the number of startups skyrocketing from 3100 in 2014 to nearly 90,000 in 2023, India has solidified its position as the third-largest startup ecosystem globally, trailing only the United States and China. Additionally, it's adding around 80 startups daily, the highest figure in the world.

From Ideation to Impact: How Conquest BITS Pilani is Fueling India's Startup Journey

Semiconductor Chip Race: Where does India stand in the race to manufacture one of the most wanted electronic components? Watch the video to know.

Race to manufacture semiconductor chips: Where does India stand?

Railways said that indigenously-developed automatic train protection system "Kavach," which was not installed on the route where the accident in Odisha's Balasore occurred, could not have prevented it

Why Kavach could not have prevented Odisha train accident: Indian Railways explains

Zimbabwe is now considered the most miserable country according to Steve Hanke's Annual Misery Index. But where does India stand? Watch this video to know

Take a look at the world's 'most miserable' countries

Sebi has come out with a consultation paper on the expense ratios of mutual funds. As the industry grows, Sebi wants fund houses to share economies of scale with customers. >

'Sebi is keen that AMCs share the benefits of larger AUM with customers'

Sebi has come out with a consultation paper on the expense ratios of mutual funds. As the industry grows, Sebi wants fund houses to share economies of scale with customers.

From PAN-Aadhaar linking to Higher EPS pension deadlines, the month of June will see a number of changes that would affect the common man. 

Let's take you through some of the changes >

9 Game-Changing June Updates That Will Shake Your Wallet

From PAN-Aadhaar linking to Higher EPS pension deadlines, the month of June will see a number of changes that would affect the common man. 

Let's take you through some of the changes

Apple's new stores in Delhi & Mumbai have grossed monthly sales of more than Rs 22-25 crore each. Industry experts have said that the figure is around twice the sale of an electronics store in India

Record-breaking sales: Apple's India stores reach Rs 25 cr monthly revenue mark

When you buy any item, you may pay for it using an appropriate currency note. But have you ever wondered what the cost of printing that currency note is? Watch the video to find out

Explained: How much does it cost to print rupees?

On 21st May, 2023, Bhanu Rekha, a young employee at Infosys, lost her life in a distressing incident caused by heavy rainfall. India's bustling tech capital, where infra deficiencies are rampant

Explained: How infra stress, bad roads are killing Brand Bengaluru

Maruti Suzuki (MS) is all set to bring its much-awaited, five-door off-roader Jimny into the market on June 7. Here's all you need to know about the new Gypsy.

Maruti Suzuki Jimny 2023 | All you need to know about the new Gypsy

In a recent run-off election, Recep Tayyip Erdogan emerged victorious securing another five-year term as the president of Turkey. 
Watch the video to know more about his challenges.

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