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Top stories | Indians share details on Cambodia job scams, Ashok Leyland’s EV vision, Satta Bazaar’s big bet on Lok Sabha results, and more

In this edition, we look at the harsh realities faced by Indian victims of job scams in Cambodia and there is a link with China. Closer to home, Ashok Leyland management reveals ambitious plans for electric vehicles, but Go First’s insolvency resolution plan hits a snag. With just five trading sessions to go, we explain how satta bazaar is betting on the June 4 Lok Sabha results.

We learn more about heatwave warnings, the timing of the monsoon, the war between Israel and Hamas in the Gaza Strip and the recent fires in Delhi and Gujarat.

🌍 Global surveillance

An international opportunity? Think about it again…

  • Dark rooms, no food and brutal beatings: What Indian job fraud victims faced in Cambodia

When young workers pursue their dreams abroad, they risk finding themselves in a nightmarish game of bait and switch. Consider the case of young Indians lured into the clutches of Cambodia under the guise of “international opportunities”.

Subjected to appalling conditions – dark rooms, no food and brutal beatings – they become, against their will, actors in a heartbreaking drama.

Fortunately, the Indian embassy in Cambodia said it had rescued or repatriated more than 360 trafficked Indian nationals.. On May 23, the embassy announced the safe return of “the first group of 60 Indian nationals rescued from fraudulent employers.”

But get this, there are still about 150 young people stuck there, forced into cybercrime and Ponzi schemes by these Chinese handlers.

  • Israeli airstrike on Rafah tent in Gaza kills 45

An Israeli airstrike decimated a tent camp in Rafah, Gaza, killing at least 45 people, local authorities reported on May 27. The strike, which occurred late Sunday evening, sparked a catastrophic fire that ravaged the camp, destroying tents and makeshift shelters. shelters.

Reuters

Health authorities in Hamas-controlled Gaza revealed that a significant portion of the victims were women, children and the elderly.

The international response was condemnation. French President Emmanuel Macron expressed his outrage, demanding an end to the operations and highlighting the lack of safe zones for Palestinian civilians in Rafah.

Check out the other answers here

📈 THE BUSINESS BUZZ

  • Ashok Leyland shares hit record high, Chairman Hinduja reveals ambitious plans

Ashok Leyland shares had a wild ride on Monday, zooming 6% to an all-time high of ₹222.85.

What fueled this gathering? For starters, the Street loved automaker Hinduja Group’s fourth-quarter performance.

Further adding to the optimistic mood, Chairman Dheeraj Hinduja revealed the company’s big plans. Ashok Leyland aims to roll out vehicles in all fuel types over the next two years, with electric vehicles leading the pack.

Read the full interview here

  • Go First lenders consider liquidation after Pitti-Singh consortium withdraws bid

The big scoop: Lenders to financially troubled GoFirst appear to be seriously considering throwing in the towel and liquidating the airline. For what? They are not very enthusiastic about the offers coming to the beleaguered airline under the Insolvency and Bankruptcy Code.

After SpiceJet’s Ajay Singh and EaseMyTrip’s Nishant Pitti withdrew their joint bid last week, leaving only one player in the game – Sharjah’s Sky One – the heat has turned up. Learn more

🗳️ Political pulse: Lok Sabha updates

  • Election fever grips the betting market

As the Lok Sabha elections reach their crescendo, all eyes are on the expected outcome. Betting markets are rife with predictions, with Raamdeo Agrawal predicting 310 seats for the BJP. Amid uncertainties, consensus points to the return of Prime Minister Modi, albeit with questions over the margin of victory. Here’s what to expect!

Meanwhile, RJD leader Tejashwi Yadav stirred the political pot with his bold assertion of the demise of the BJP in Bihar and his prediction of a resounding victory for the INDI Alliance. His fiery accusations against investigative agencies, echoed by Rahul Gandhi at a spirited rally in Bakhtiyarpur, Bihar, underline the intensity of the political battle as the nation awaits the June 4 Lok Sabha results.

  • Revanna takes the lead: agrees to appear at the SIT on May 31!

Things are heating up in the political arena! Janata Dal MP (Secular) Prajwal Revanna, grandson of former Prime Minister Deve Gowda, has vowed to confront a special investigation team on May 31 amid allegations of sexual abuse. He accused Rahul Gandhi and the Congress of political conspiracy while asserting his faith in the judiciary. Learn more

🌧️Monsoon forecast and cyclonic chaos

  • 🔥Heatwave warnings and monsoon expectations: IMD updates

The India Meteorological Department (IMD) unveils its latest forecast, charting anticipated rainfall and temperature fluctuations across the country. As the north braces for scorching heatwaves, the northeast eagerly awaits the soothing embrace of heavy rains.

🔥Severe heatwave warnings in Punjab, Haryana, Rajasthan and other areas until May 30.

🌧️Heavy to very heavy rain is expected in the northeastern states, with isolated heavy falls in West Bengal and Sikkim. What else? Read here

  • 🌀 Consequences of Cyclone Remal

However, amid this wait, Cyclone Remal unleashes its wrath on the coastal regions of West Bengal and Bangladesh. With winds blowing at 135 km/h, the cyclone left behind a series of destruction, displacing thousands of people and causing significant damage to infrastructure. Learn more

🚨 Multiple tragic fires shake India

  • 🔥🚨 Fatal fire at Delhi hospital reveals lax oversight, unauthorized practice

Tragedy struck the Baby Care New Born Child Hospital in east Delhi’s Vivek Vihar as a devastating fire claimed the lives of seven newborns and injured five others. It is shocking that the hospital would operate without a valid license and authorization from the fire department.

Relatives gather outside the Baby Care Hospital after a fire broke out that killed seven newborns in east Delhi.  (PTI)

Authorities acted quickly, arresting the hospital’s owner, Dr Naveen Khichi, and Dr Aaksh, who was on duty during the tragic incident on Saturday evening (May 25).

Among the victims were four boys and three girls, all barely 15 days old, except for one boy aged 25 days.

Here’s what we know so far

The Delhi fire was not the only one to shake the nation this weekend!

In Gujarat, the High Court took a closer look at the fire that broke out at a gaming zone in Rajkot, killing 27 people in what can only be described as a man-made disaster.

  • 🔥🚒 Gujarat fire: High Court terms fatal gaming zone fire a ‘man-made disaster’

Taking suo motu cognizance of the Rajkot fire, the High Court termed it a “man-made disaster” in an initial assessment.

Among the victims of the inferno were four children under the age of 12, adding to the tragedy of the incident which occurred on a Saturday evening when families were enjoying a summer holiday outing.

Learn more

That’s it, friends! Keep up to date with the latest news, opinions and ideas for making money only on cnbctv18.com.

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