DIRS.INFO The most relevant business & tech news

☆ India's Opposition Congress Dismisses Canada's Suspicions on Sikh Leader's Murder
▼ + stars: | 2023-09-20 | by ( Sept. | At A.M. | ) www.usnews.com time to read: +4 min

By YP RajeshNEW DELHI (Reuters) - India's main opposition Congress party backed on Wednesday the government's rejection of Canada's suspicions that New Delhi's agents had links to the murder of a Sikh separatist leader, and urged a stand against threats to the country's sovereignty. Congress spokespersons backed what they called India's "fight against terrorism" and criticised Trudeau. Khalistan is the name of an independent Sikh state whose creation was the goal of a bloody Sikh insurgency in the 1980s and 1990s in India's northern state of Punjab during which tens of thousands were killed. "The Indian National Congress has always believed that our country's fight against terrorism has to be uncompromising, especially when terrorism threatens India's sovereignty, unity and integrity." Canada has the largest population of Sikhs outside the Indian state of Punjab, with about 770,000 people reporting Sikhism as their religion in the 2021 census.

Persons: YP Rajesh NEW DELHI, Justin Trudeau's, Hardeep Singh Nijjar, Trudeau, Abhishek Manu Singhvi, Jairam Ramesh, Indira Gandhi, Beant Singh, FRANK, YP Rajesh, Clarence Fernandez Organizations: YP Rajesh NEW, Twitter, Indian National Congress, Research, Economic Times, Press Trust of India, Indian Express, YP Locations: India, British Columbia, Delhi, India's, Punjab, New Delhi, Australia, Britain, Canada, United States, Ottawa, Indian

☆ India's opposition Congress dismisses Canada's suspicions on Sikh leader's murder
▼ + stars: | 2023-09-20 | by ( Yp Rajesh | ) www.reuters.com time to read: +4 min

Congress spokespersons backed what they called India's "fight against terrorism" and criticised Trudeau. Khalistan is the name of an independent Sikh state whose creation was the goal of a bloody Sikh insurgency in the 1980s and 1990s in India's northern state of Punjab during which tens of thousands were killed. "The Indian National Congress has always believed that our country's fight against terrorism has to be uncompromising, especially when terrorism threatens India's sovereignty, unity and integrity." New Delhi, which urged Ottawa to act against anti-Indian elements, has long been unhappy over Sikh separatist activity in Canada. Canada has the largest population of Sikhs outside the Indian state of Punjab, with about 770,000 people reporting Sikhism as their religion in the 2021 census.

Persons: Hardeep Singh Nijjar, Nanak, Chris Helgren, Justin Trudeau's, Trudeau, Abhishek Manu Singhvi, Jairam Ramesh, Indira Gandhi, Beant Singh, FRANK, YP Rajesh, Clarence Fernandez Organizations: REUTERS, Twitter, Indian National Congress, Research, Economic Times, Press Trust of India, Indian Express, YP, Thomson Locations: Surrey, British Columbia, Canada, DELHI, India, Delhi, India's, Punjab, New Delhi, Australia, Britain, United States, Ottawa, Indian

ChatGPT can now generate images — and they are shockingly detailed. On Wednesday, OpenAI, the San Francisco artificial intelligence start-up, released a new version of its DALL-E image generator to a small group of testers and folded the technology into ChatGPT, its popular online chatbot. Called DALL-E 3, it can produce more convincing images than previous versions of the technology, showing a particular knack for images containing letters, numbers and human hands, the company said. By adding the latest version of DALL-E to ChatGPT, OpenAI is solidifying its chatbot as a hub for generative A.I., which can produce text, images, sounds, software and other digital media on its own. Since ChatGPT went viral last year, it has kicked off a race among Silicon Valley tech giants to be at the forefront of A.I.

Persons: ”, Aditya Ramesh, ChatGPT Locations: OpenAI, San Francisco, ChatGPT

"We've certainly seen Australia's reputation being affected as some existing buyers expressed interest in diversifying their suppliers for long-term supply," said Ryhana Rasidi, LNG analyst at analytics firm Kpler. "Australia is the closest gas supplier we can get. By far, Australia, U.S. and Qatar are the three pillars in LNG supply chain. As well as its political stability, its proximity to Asia might be Australia's saving grace, industry analysts say. "Ties are very strong between North Asia and Australia as a legacy supplier, so many participants are keen to continue the relationship," said Kaushal Ramesh, LNG analyst at Rystad Energy.

Persons: Inpex, Resources Madeleine King, We've, Ryhana, Jane Liao, Kaushal Ramesh, Emily Chow, Yuka Obayashi, Muyu Xu, Andrew Hayley, Joyce Lee, Lewis Jackson, Florence Tan Organizations: Reuters, Chevron, Handout, REUTERS, Rights, Workers, Japan's Kyushu Electric Power, Chevron's, Woodside Energy, West Shelf, South, Resources, Taiwan, Tohoku Electric Power, Kyushu Electric Power, Osaka Gas, Rystad Energy, Thomson Locations: Chevron, Barrow Island, Australia, Rights SINGAPORE, TOKYO, Qatar, United States, Western Australia, China, Japan, South Korea, Taiwan, Ukraine, Oman, U.S, Asia, Singapore, Tokyo, Beijing, Seoul, Sydney

Although some analysts said the meeting showed few concrete results, his Bharatiya Janata Party (BJP) is now cashing in on Modi's enhanced image ahead of a series of state elections and national elections due by May 2024. In the run-up to the summit, Modi's face was plastered on G20 hoardings across the country. The BJP plans to highlight the "success of the summit" during fortnight-long celebrations of Modi’s birthday starting on Sunday, a party official said. Modi's contribution to India's rising global stature will be a key theme of a special five-day parliament session beginning next week, the official said. NATIONAL PRIDE"It’s really a fact that India's image has transformed under Prime Minister Modi," BJP vice president Baijayant Jay Panda told Reuters.

Persons: Narendra Modi, Anushree, Modi, Joe Biden, India's, Sanjay Kumar, psephologist, Baijayant Jay Panda, Yashwant Deshmukh, Jairam Ramesh, Ramesh, Manmohan Singh, Raju Gopalakrishnan Organizations: International Media Centre, REUTERS, BJP, Bharatiya Janata Party, New Delhi's, NATIONAL, Reuters, India Today, Thomson Locations: New Delhi, India, DELHI, Manipur

☆ Analysis: India is hosting G20 as the world is in crisis but for Modi it's also a chance to shine
▼ + stars: | 2023-09-08 | by ( Rhea Mogul | ) edition.cnn.com time to read: +9 min

Chinese leader Xi Jinping will be absent from the gathering, with Beijing giving no reason for the surprise miss – a move widely seen as a snub to India. Nevertheless, analysts say the gathering affords Modi a unique chance to shine on the world stage and flex India’s geopolitical muscle. India can act as a bridge,” said Kajari Kamal, associate professor at the Takshashila Institution in India. “For a long time, India was perceived as a nation of over 1 billion hungry stomachs,” Modi said in an interview with the Press Trust of India on Sunday. “It’s giving a great boost to infrastructure domestically, and to the world, it’s showcasing India’s culture and its rich heritage,” she added.

Persons: Narendra Modi, Modi, Modi’s statecraft, Xi Jinping, Vladimir Putin, Joe Biden, Mikhail Svetlov, ”, Kajari Kamal, ’, ” Modi, “, Kamal, It’s, Putin, Biden, Akhil Ramesh, Xi, Putin –, Michael Kugelman, it’s, Ramesh Organizations: CNN, Indian, Beijing, Kremlin, East, Takshashila, Press Trust of India, Pacific Forum, South Asia Institute, Wilson Center, Ukraine, White, Shanghai Cooperation Organization, SCO, Union, Pacific Locations: New Delhi, Ukraine, China, Russia, India, Russian, Moscow, Osaka, Japan, South, “, Australia, United States, Britain, East, Honolulu, Washington, Kremlin Moscow, Delhi

☆ An escalating dispute at major gas facilities in Australia could drive up European prices, analysts say
▼ + stars: | 2023-09-06 | by ( Sam Meredith | ) www.cnbc.com time to read: +6 min

Liquefied natural gas (LNG) storage units at Grain LNG importation terminal, operated by National Grid Plc, on the Isle of Grain on August 22, 2022 in Rochester, England. Jacob Mandel Senior research associate for global energy markets at Aurora Energy ResearchFears of strike in Australia, one of the world's biggest exporters of liquified natural gas (LNG), have recently pushed up European gas prices — and analysts expect near-term volatility to persist. Jacob Mandel, senior research associate for global energy markets at U.K.-based consultancy Aurora Energy Research, said the global natural gas market was currently "very tight" and "very little supply flexibility" means that strike action in Australia could send European gas prices higher. He said that European gas prices could climb to above 40 euros ($42.9) per megawatt hour if the strikes go ahead as planned. The front-month gas price at the Dutch Title Transfer Facility (TTF) hub, a European benchmark for natural gas trading, traded at 33.5 euros on Tuesday.

Persons: Dan Kitwood, Jacob Mandel, Mandel, we've, Ramesh, Wheatstone, Henning Gloystein, Gloystein Organizations: National Grid, Getty, CNBC, Chevron, Offshore Alliance, Wheatstone, Fair, Aurora Energy, Aurora Energy Research, videoconference, Rystad Energy, Europe, EU, Eurasia Group Locations: Isle, Rochester , England, Western Australia, Chevron Australia, Australia, Europe, Japan, Korea, wean, Ukraine, Russia

☆ India importing Russian oil is a ‘win-win’ for the world economy, says India’s No. 1 oil company
▼ + stars: | 2023-09-06 | by ( Lee Ying Shan | ) www.cnbc.com time to read: +1 min

India's imports of Russian crude is a win-win situation for the world's economy, said Oil and Natural Gas Corporation. SINGAPORE — India's imports of Russian crude is a win-win situation for the world economy, according to India's No. Since Russia's invasion of Ukraine in February last year, India's refiners have been snapping up discounted Russian oil. Moscow has since leapfrogged to become India's leading source of crude oil, accounting for about 40% of India's crude imports. India's economy has benefited from the discounted prices, Ramesh said.

Persons: K.C, Ramesh, ONGC, India's Organizations: Natural Gas Corporation, SINGAPORE —, European Union Locations: Tuapse, Russia, India, Europe, Singapore, Ukraine, Moscow

☆ China’s new national map has angered its neighbors
▼ + stars: | 2023-08-31 | by ( Rhea Mogul | ) edition.cnn.com time to read: +6 min

CNN —The Philippines has become the latest of China’s neighbors to object to its new national map, joining Malaysia and India in releasing strongly worded statements accusing Beijing of claiming their territory. The map is the “latest attempt to legitimize China’s purported sovereignty and jurisdiction over Philippine features and maritime zones (and) has no basis under international law,” the Philippines Foreign Affairs department said in a statement. India was the first to complain on Tuesday when it lodged a “strong protest” about the inclusion of the Indian state of Arunachal Pradesh and the disputed Aksai-Chin plateau in Chinese territory. “In this climate, while both sides may publicly express their interest in easing tensions, I do not see this happening. This map issue is very serious … the prime minister should speak about it,” he added.

Persons: “, Arindam Bagchi, China’s, Wang Wenbin, ”, Xi Jinping, Narendra Modi, Xi, Modi, Akhil Ramesh, Aksai Chin, Mallikarjun Kharge, Rahul Gandhi Organizations: CNN, Beijing, South China, Philippines Foreign Affairs, Malaysia’s Ministry of Foreign Affairs, Foreign Ministry, Indian, Pacific Forum, Modi, Huawei Locations: Philippines, Malaysia, India, China, Beijing, South, Manila, Arunachal Pradesh, Chin, Asia, South Africa, New Delhi, Honolulu, ”, Galwan, Tawang, LAC, Ladakh, United States, Japan, US, Australia, Jammu, Kashmir, Pakistan

☆ Amazon VP who was previously Uber's CTO has taken a sudden leave of absence less than 2 years into the job
▼ + stars: | 2023-08-29 | by ( Eugene Kim | ) www.businessinsider.com time to read: +3 min

The VP in charge of Amazon's ecommerce technology services has taken a sudden leave of absence. Sukumar Rathnam, an Amazon VP who was formerly Uber's chief technology officer, is taking a sudden leave of absence, Insider has learned. Rathnam was most recently VP of eCommerce services at Amazon, overseeing the retail giant's backend technology. It was his second stint at Amazon, after having spent almost 10 years in a retail VP role previously. Many Amazon employees voiced their opposition to RTO over the past 6 months, both publicly and privately, sparking an internal petition and a public walkout.

Persons: Sukumar Rathnam, Rathnam, Dave Treadwell, Ramesh Manne, Treadwell, Sukumar, Sundeep Jain, Rathnam's, Dave Clark, Jay Carney, Andy Jassy, Jeff Bezos, Brad Glasser, Glasser, Jassy Organizations: Amazon, Amazon's Locations: Amazon's

☆ U.S. women disqualified from 4x400m relay after baton fail
▼ + stars: | 2023-08-26 | by ( Mitch Phillips | ) www.reuters.com time to read: +2 min

The U.S. were trailing Britain after three legs when Alexis Holmes initially failed to collect the baton from Quanera Hayes and by the time she got hold of it she appeared to have gone beyond the "blue box". The U.S. recovered to finish second behind the British in the heat but were marked as disqualified. Jamaica, perennial global silver medallists in recent years, won the second heat in 2:59.82, with fast-finishing France and Italy following them through. Fifth-placed Belgium, bronze medallists in the last two worlds, did not make it. Reporting by Mitch Phillips, editing by Ken FerrisOur Standards: The Thomson Reuters Trust Principles.

Persons: Alexis Holmes, Quanera Hayes, Sarah Meyssonnier, Justin Robinson, Rajesh Ramesh, Mitch Phillips, Ken Ferris Organizations: Athletics Centre, Rights, United, Saturday's, Fifth, Thomson Locations: Budapest, Hungary, U.S, United States, Jamaica, Canada, India, Botswana, France, Italy, Belgium

☆ India's Modi says peace returning to strife-torn Manipur
▼ + stars: | 2023-08-15 | by ( Rupam Jain | ) www.reuters.com time to read: +3 min

[1/5] India's Prime Minister Narendra Modi addresses the nation during Independence Day celebrations at the historic Red Fort in Delhi, India, August 15, 2023. REUTERS/Altaf HussainNEW DELHI, Aug 15 (Reuters) - Indian Prime Minister Narendra Modi said on Tuesday peace was returning to the strife-torn northeastern state of Manipur where at least 180 people have been killed and tens of thousands forced from their homes in sectarian clashes since May. The country wants the people of Manipur to hold on to the peace of the last few days and take it forward," Modi said in an Independence Day speech from the ramparts of New Delhi's Red Fort. Manipur state chief minister hoisted India's tri-colour flag in the capital city of Imphal to commemorate Independence Day and there were no immediate reports of violence, officials said. Leaders from Indian opposition parties' alliance called "INDIA" said Modi's Independence Day speech will be his last as his party will be routed in the general elections.

Persons: Narendra Modi, Altaf Hussain, Modi, Kuki, Jairam Ramesh, bluster, Rupam Jain, Robert Birsel, Susan Fenton Organizations: India's, REUTERS, Indian, Bharatiya Janata Party, BJP, Independence, Thomson Locations: Independence, Fort, Delhi, India, Manipur, Myanmar, New, Imphal

☆ There's been secular growth across all our markets, says Indian pharmaceutical company
▼ + stars: | 2023-08-04 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThere's been secular growth across all our markets, says Indian pharmaceutical companyRamesh Swaminathan of Lupin says there was growth in markets such as the EU and Australia.

Persons: Ramesh Swaminathan, Lupin Organizations: EU Locations: Australia

☆ India's changes to forest conservation law draw flak from environmentalists
▼ + stars: | 2023-08-03 | by ( Arpan Chaturvedi | ) www.reuters.com time to read: +4 min

India says the new law is a milestone in "enhancement of the productivity of forests". Both parliament houses cleared the law in recent days and it will next go to the president for approval. India's environment ministry, which has drafted the changes, did not respond to Reuters queries. Opponents say India's new law will also change how it defines forests, and so it will apply to fewer green zones, leading to about 20-28% of existing forest cover losing regulatory protection. Such changes, critics say, could lead to excessive construction in the pristine tourist hotspot of Kashmir and other hilly forests in Himalayan states.

Persons: Anushree, Narendra Modi's, Bahar Dutt, Debadityo Sinha, Bhupender Yadav, Jairam Ramesh, Arpan Chaturvedi, Aditya Kalra, Kim Coghill Organizations: REUTERS, Indian, Ecosystems, Legal, Thomson Locations: Satjelia, Sundarbans, India, DELHI, New Delhi, Delhi, Kashmir

Violence erupted in the northern state of Harayana state on Monday after a right-wing Hindu organization led a religious procession in the Muslim dominated region of Nuh. However, opposition politicians and activists have called the attack a “hate crime” that targeted India’s Muslim minority population. Increase in hate crimesThe latest communal violence come against a broader rise in hate crimes against minority groups. Last month, the BJP chief minister of the state of Assam, Himanta Biswa Sarma, blamed Muslims for the soaring prices of tomatoes. Some cities named after historic Muslim figures have also been renamed to reflect India’s Hindu history.

Persons: Parveen Kumar, Narendra, Modi, Yogi, Asgar Ali, Mohammed, Ali, haven’t, Police haven’t, Asaduddin, ”, Jairam Ramesh, ” Asim Ali, Deepankar Basu, Himanta Biswa Sarma, Barack Obama, “ Hussain Obama ”, Obama, Adityanath, Donald Trump’s, Rana Ayyub Organizations: New Delhi CNN, Extra, Hindustan Times, Haryana Police, CNN, ” Police, Police, Bharatiya Janata Party, BJP, Dal, NDTV Locations: New Delhi, India, Harayana, Nuh, Gurgaon, Gurugram’s, Maharashtra, Mumbai, Haryana, Nuh Chowk, Gurugram, Hindustan, Delhi, Manipur, Assam, Uttar Pradesh, today’s India

Vietnam targets LNG-sourced gas generating up to 22.4 gigawatts (GW) of power by 2030, enough to power 20 million households and account for nearly 15% of national power supply. Complicating LNG efforts, much of Vietnam's planned gas power investment is directed to the south of the country despite the under-served north's greater vulnerability to blackouts. Reuters GraphicsThe first plant due to come online, the Nhon Trach 3 facility being built by state-run PetroVietnam Power (PV Power) (POW.HM) near Ho Chi Minh City, is scheduled to begin operation in late 2024. Takafumi Akino of Tokyo Gas, which is building an LNG terminal and a gas plant in northern Quang Ninh province, predicted "hard negotiations". PV Gas said this month it was in talks with U.S. energy giant ExxonMobil and Russia's Novatek on LNG cooperation.

Persons: Thi, Kaushal Ramesh, EVN, Japan's Marubeni, Takafumi, Rystad's Ramesh, Francesco Guarascio, Khanh, Emily Chow, Florence Tan, Phuong Nguyen, Tony Munroe, William Mallard Organizations: European Chamber of Commerce, Reuters, Energy, Tokyo Gas, Industry, Plant, Foreign, Delta Offshore Energy, Gulf International Holdings, Delta Offshore, Gulf Energy Development, Buyers, PV Gas, ExxonMobil, Russia's, Gas, Thomson Locations: Vietnam, Hanoi, HANOI, China, Thailand, Singapore, Philippines, Ho Chi Minh City, Oslo, U.S, Tokyo, Quang Ninh, South, Southeast Asia, Asia, Khanh Vu

☆ Elizabeth Holmes' prison term was just shortened by 2 years
▼ + stars: | 2023-07-10 | by ( Michelle Mark | ) www.businessinsider.com time to read: +3 min

The Bureau of Prisons now lists Elizabeth Holmes' release date as December 29, 2032. Holmes was convicted of fraud and conspiracy last year and sentenced to 11.25 years in prison. Holmes was originally sentenced to 11.25 years in prison, and reported to a minimum-security women's prison in Bryan, Texas, on May 30, 2023. According to her listed release date, Holmes will spend nine years, six months, and 29 days in prison. The Bureau of Prisons did not immediately respond to Insider's request for comment on how Holmes' release date was calculated.

Persons: Elizabeth Holmes, Holmes, Ramesh, Sunny, Balwani Organizations: of Prisons, Prisons Locations: Bryan , Texas, Theranos

☆ Indian court rejects Rahul Gandhi's plea to suspend defamation conviction
▼ + stars: | 2023-07-07 | by ( ) www.reuters.com time to read: +2 min

Gandhi can now take his appeal to a larger bench of the same high court and then to the Supreme Court, his last option. "How come all thieves have the name Modi?," Gandhi had asked in an election campaign speech, referring to two fugitive businessmen, both surnamed Modi. Gandhi has separately challenged the conviction in a district court, which is yet to hear the case. "The refusal of stay of conviction would not in any way result in injustice to the applicant," the judge said. "There is no reasonable ground to stay the conviction of the applicant in view of the facts and circumstances of the case."

Persons: Rahul Gandhi, Gandhi, Purnesh Modi, Narendra Modi, Modi, Hemant Prachchhak, Jairam Ramesh, Ramesh, Abhishek Singhvi, India's, YP Rajesh, Raju Gopalakrishnan Organizations: Bharatiya Janata Party, BJP, YP, Thomson Locations: DELHI, India, Gujarat

The grubby lanes of Musallahpur, in the north Indian city of Patna, heave with the foot traffic, banners and vending carts familiar to commercial hubs across India. Musallahpur is filled with brick-barn classrooms where 20-somethings crowd themselves and their heavy backpacks to train for standardized employment exams. With nearly 1,800 applicants for every one of the state’s top-tier jobs, they know it is the ultimate long shot. A thousand miles to the south, in the city of Coimbatore, a busy automotive parts entrepreneur, M. Ramesh, faces the flip side of India’s profound employment challenge. If the government has far more potential workers than it needs, Mr. Ramesh has far too few.

Persons: Ramesh Locations: Musallahpur, Patna, India, Coimbatore

☆ Holmes Says She Can’t Afford $250 Payments to Theranos Victims
▼ + stars: | 2023-06-15 | by ( Amanda Holpuch | ) www.nytimes.com time to read: +1 min

Lawyers for the disgraced entrepreneur Elizabeth Holmes said this week that she would be unable to afford to pay $250 each month to victims of her failed-blood testing start-up, Theranos, after leaving prison. Ms. Holmes, 39, began an 11-year, three-month prison sentence in Texas in May after she was found guilty last year of four counts of wire fraud and conspiracy for defrauding investors about her company’s technology and business dealings. Last month, a federal judge in California ordered Ms. Holmes and her former business partner, Ramesh Balwani, to pay $452 million in restitution to investors who were defrauded, including the media mogul Rupert Murdoch. Federal prosecutors asked the U.S. District Court for the Northern District of California last week to correct “clerical errors” in court records. One of the suggested corrections would require Ms. Holmes, as part of her restitution, to pay either $250 or at least 10 percent of her earnings, whichever is greater, each month after she is released from prison.

Persons: Elizabeth Holmes, Holmes, Ramesh Balwani, Rupert Murdoch Organizations: U.S, Northern, Northern District of Locations: Texas, California, Northern District, Northern District of California

☆ Elizabeth Holmes objects to government requesting she pay $250 a month to victims after prison
▼ + stars: | 2023-06-13 | by ( Catherine Thorbecke | ) edition.cnn.com time to read: +2 min

CNN —Elizabeth Holmes, the disgraced former Theranos CEO, has “limited financial means” and should not be forced to pay $250 a month to victims of her crimes after she is released from prison, her lawyers argued in a court filing on Monday. The move from Holmes’ attorneys comes after federal prosecutors said in a separate filing last week that “clerical errors” had resulted in no payment schedule being set for Holmes’ restitution after she is released from prison. Holmes and former Theranos COO Ramesh “Sunny” Balwani were previously ordered to pay $452 million in restitution to victims of their crimes. Holmes reported to prison late last month in Texas to serve out her more than 11-year sentence. As part of the original restitution order, some $125 million is owed to media mogul Rupert Murdoch, as well as millions in payments to other Theranos investors.

Persons: Elizabeth Holmes, Holmes, ”, Ramesh “ Sunny ” Balwani, Theranos, Rupert Murdoch Organizations: CNN, Federal Locations: Texas, Bryan , Texas

☆ Elizabeth Holmes says she can't pay $250 a month in restitution after she's released from prison: report
▼ + stars: | 2023-06-13 | by ( Lauren Steussy | ) www.businessinsider.com time to read: +2 min

Along with Ramesh "Sunny" Balwani, Holmes was ordered to pay $452,047,268 in restitution. Elizabeth Holmes won't be able to afford $250 a month restitution payments when she's released from a Texas prison, her attorneys argued. It's common for funds like these to never fully be paid out, experts previously told Insider. This week, prosecutors proposed that Holmes pay it month-by-month upon her release, in $250 increments, Bloomberg reported. According to the original restitution order, Holmes and Balwani will have to pay $40 million to Walgreens, and $14.5 million to Safeway.

Persons: Elizabeth Holmes, Ramesh, Sunny, Balwani, Holmes, she's, Daniel Richman, wasn't, Rupert Murdoch Organizations: Prosecutors, Columbia Law School, Bloomberg, New York Times, Walgreens, Safeway Locations: Texas, Manhattan

☆ Elizabeth Holmes reunited with her husband and parents in a Texas prison yard on visiting day, just 5 days after she went in: report
▼ + stars: | 2023-06-08 | by ( Aditi Bharade | ) www.businessinsider.com time to read: +2 min

Just five days after she went to prison, Elizabeth Holmes had an emotional reunion with her family. She met with her husband and parents on a prison visiting day in Texas. Just five days after she reported to prison, Elizabeth Holmes shared an emotional reunion with her husband and parents. In pictures by Splash News, obtained by The Daily Mail, Holmes was seen with her parents and husband, Billy Evans, during a visiting day on Saturday. Holmes reported to prison on May 30 after a court denied her request to remain out of prison while appealing her conviction.

Persons: Elizabeth Holmes, Holmes, Billy Evans, pinky, Ramesh, Sunny Organizations: Splash News, The Daily Mail, Daily Mail, Daily Locations: Texas, Bryan , Texas

☆ Elizabeth Holmes' ex-partner Sunny Balwani has already had 2 years taken off his prison sentence
▼ + stars: | 2023-06-06 | by ( Jennifer Cunningham | ) www.businessinsider.com time to read: +2 min

Former Theranos exec Ramesh "Sunny" Balwani has had around two years shaved off of his federal prison sentence. He reported to prison in April for a nearly 13-year sentence, but his new release date is in 2034. Ramesh "Sunny" Balwani, Elizabeth Holmes' ex-boyfriend and the number 2 in charge at failed blood testing startup Theranos, has had some time shaved off of his nearly 13-year sentence for fraud and conspiracy, Insider has learned. But federal prison officials have reduced Balwani's sentence. In April, Balwani reported to prison at Terminal Island FCI, a minimum security federal facility just outside of Los Angeles.

Persons: Ramesh, Sunny, Balwani, Elizabeth Holmes, Theranos, Holmes, Rupert Murdoch, Insider's Sarah Jackson, Stephen Cazares Organizations: US Bureau of Prisons Locations: Los Angeles

Search resuls for: "Ramesh"

25 mentions found