Emcure Pharmaceuticals executive director Namita Thapar criticized fellow ‘sharks’ on Shark Tank India season 4 for exploiting founders of wireless lamps brand Rosha during a pitch where a deal was made at ₹60 lakh for 4 per cent equity and 1.5 per cent royalty. Anupam, Aman, and Ritesh offered ₹60 lakh for 10 per cent equity and 2 per cent equity, causing Namita to call out the exploitation and the founders ultimately accepted an offer from Aman Gupta and Ritesh Agarwal. Reddit users supported Namita for standing up for the founders and calling out the exploitation.
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Military operations crippled as ALHs continue to remain grounded
The grounding of around 330 'Dhruv' advanced light helicopters (ALHs) following a fatal crash has severely impacted military operations for the Indian armed forces, which already face high crash rates and low serviceability of older helicopters. This has disrupted critical missions including reconnaissance and supply flights along borders with China and Pakistan, with the Army particularly affected due to its fleet of over 180 ALHs. The situation is compounded by delays in procuring new helicopters,...
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