Chinese developer Sunshine 100 defaults on $170-m bond

Sunshine’s default comes days after Evergrande Group announcement regarding debt repayment issues

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Congress groomed me not to sit at home: Shivakumar

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Bengaluru: Karnataka Deputy Chief Minister D.K. Shivakumar said on Wednesday that the party has groomed him since 1989 not to sit at home. Speaking to media in Bengaluru, Shivakumar, when asked if he has gone to Delhi to retain his position as the state president, Shivakumar said: “No. It’s bogus, all are planted stories. The party has made me the state’s president for five years. It gave me the Deputy Chief Minister post and has groomed me since 1989 by making me a minister then. Does the party want me to sit at home after empowering me?” Shivakumar said, adding that ‘no matter in which position I am, I will be there for the party.’ Also Read Gear up for 2028 assembly elections, DK Shivakumar calls upon Congress workers He further emphasised targeting his opponents within the party, “I have been called to Kerala, Tamil Nadu, Telangana, Assam, Bihar, Himachal Pradesh, Delhi, Assam, Andhra Pradesh states. Will they others?” When asked will Congress fight the next Karnataka ele...
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Greater Bengaluru Committee proposes seven municipal corporations

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Bengaluru: The select committee on Greater Bengaluru—tasked with restructuring the city’s municipal agency—submitted its report to Karnataka Assembly Speaker U T Khader on Monday. Headed by Shivajinagar MLA Rizwan Arshad, the committee held several meetings with various stakeholders, including the city’s MLAs, MPs and senior administrative officials. Arshad, along with committee members MLAs S T Somashekar, A C Srinivasa, B Shivanna, and Priyakrishna, submitted the report to Khader. Based on the report, the Greater Bengaluru Administration Bill will be drafted and presented in the Assembly. The final Greater Bengaluru Governance Bill, prepared concerning the administration of Bengaluru, was submitted to the Speaker of the Legislative Assembly, Shri U.T. Khader, in the presence of the members of the Greater Bengaluru Governance Bill Joint select Committee. pic.twitter.com/D4nQeTMKB8 — Rizwan Arshad (@ArshadRizwan) February 24, 2025 According to sources, the report recommend...
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