The Delhi government will launch a crackdown on properties violating fire safety norms after a fire at a hotel in the capital city killed 21 people on Wednesday, including 12 foreign nationals, the chief minister's office said. Here are some details: The blaze - the deadliest the city has seen since 2022 - broke out at a hotel in Delhi's Malviya Nagar, which media said was popular among patients being treated at a hospital nearby and their relatives. A criminal case has been lodged and the owner of the building has been arrested, police said. A city-wide crackdown will be undertaken against all guest houses and other establishments operating in violation of fire safety norms and building by-laws, the chief minister's office said in a post on X late on Wednesday. Non-compliant premises will be sealed and those responsible prosecuted, it said. The foreign nationals killed in the incident included people from Bangladesh, N...
A broker for United States Defense Secretary Pete Hegseth sought to make a significant investment in major defence companies in the days before the Iran war, according to the Financial Times (FT). The Pentagon, however, has dismissed the report. According to CNBC, FT reported Tuesday that Hegseth’s broker at banking giant Morgan Stanley contacted BlackRock in February about making a multimillion-dollar investment in its iShares Defense Industrials Active ETF. The ETF, which has about $3.1 billion in assets, counts companies such as RTX Corp, Lockheed Martin, and Northrop Grumman, among its largest holdings, BlackRock data showed. The CNBC report states that according to the London Stock Exchange Group (LSEG) data, the ETF has lost 12.4% in the past month, around the time when the Iran war started. Read: Crude oil tanker off Dubai hit by Iranian strike after Trump's latest threats FT also said that the investment discussed by Hegseth’s broker did not move forward as the fund wa...