When the accomplished venture capitalists and close friends David Citron and Alan Buch met near the Gaza border mere days after the October 7 they weren’t exactly thinking about business opportunities But their experience in helping the country in the immediate aftermath of the deadly attack eventually resulted in an unusually meaningful Israeli-oriented investment fund Citron and Buch recently announced the launch of To Be Determined Venture Capital (TBD VC) a $35 million fund focused on leading pre-seed investments and participating in seed rounds of startups founded by Israeli entrepreneurs TBD is focusing on cybersecurity with plans to support 20 startups with initial investments of approximately $1 million It is backed by a mix of institutional investors from Israel and the United States The fund will be dedicating a portion of its profits to an organization that helps discharged Israeli soldiers build careers in tech “We decided to focus on making the tech world more accessible to combat veterans most weren’t connected to tech,” said Citron Founders said they chose the name “To Be Determined” because it captures the spirit of early-stage investing TBD also runs a Venture Partner program with global organizations like Epic Games helping shape product strategy and go-to-market execution Citron was called up for reserve duty inside Gaza immediately after the Hamas attacks New York-based and Brazil-born Buch flew to Israel shortly after the start of the war The two men have been friends for nearly a decade after meeting in New York at a social gathering in 2016 I couldn’t just sit in Brooklyn doing nothing I got on a plane to Israel and traveled across the country to find ways I could help The two ran into each other at the Zikim crossing right on the border with the Gaza Strip Citron was helping escort a military convoy “I told him I wanted to increase my involvement in Israel and we began talking about how we could join forces we decided to channel that energy into a new fund focused on supporting Israeli innovation,” Buch added you completely forget what normal life looks like That surprise encounter sparked something big,” added Citron Buch has built a career in global wealth and alternative investment management, previously serving as a senior executive at a global multifamily office overseeing over $4 billion in assets. Citron began his VC career at OurCrowd and Flint Capital, later becoming a general partner at Rocket Internet and launching Sheva VC the collection also comprises a selection of Baron von Buch’s furniture including an important German silver wager cup and a remarkable early Indian sandstone torso of a Jina Explore the auction in person at our London galleries from 29 May to 4 June Please select what you would like included for printing: Copy the text below and then paste that into your favorite email application died at his home surrounded by his family and friends Tuesday He lived his childhood in Chilton and Green Bay He lived in Seymour since his marriage to Jane Barfknecht in 1991 He worked as an engineer/mechanical designer at Mercury Marine and then Fosber America until his retirement from Fosber in 2011 Stephen's lifelong interests and passions were for sail boat racing He loved wood working and fixing anything automotive He and Jane were mentors for Marcus through the Outagamie County Pals program for 10 years Jane; daughter Emily Buch; brothers Bob Buch Funeral Mass for Stephen will take place at St John Catholic Church in Seymour on Saturday May 10 O.Praem and Deacon Rich Matuszak officiating Memorial visitation will be held at the church from 9:00 AM until the time of services Interment will take place at the parish cemetery Stephen's family encourages donations to the Salvation Army or the Seymour Public Library Online condolences may be expressed to Stephen's family at www.muehlboettcher.com Enter your phone number above to have directions sent via text This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply Service map data © OpenStreetMap contributors an Israeli investor and reservist with Israel Defense Forces was drafted into the Israeli military following the Hamas Oct he encountered a distant acquaintance at the Zikim Gaza border crossing – Alan Buch Brazilian-born venture capitalist who had come to Israel to help deliver supplies to IDF soldiers described as a “wild and unexpected chance,” ultimately led to the launch of a $35 million venture capital fund on Monday The 34-year-old Citron recalled the challenges of managing various roles in civilian and military life “Since the outbreak of war, it has been a back and forth between being a soldier, a venture capitalist, a father, and a husband,” Citron said in an interview with The Times of Israel you completely forget what normal life looks like – everything revolves around the mission.” “That random surprise encounter with Alan at a time when you are removed from your ‘normal life’ was a pretty crazy and unforgettable story,” Citron recalled I couldn’t just sit in Brooklyn doing nothing,” Buch said His attachment to Israel was also linked to the fact that he had lived in the Jewish state for two years as a teenager “I got on a plane to Israel and traveled across the country to find ways I could help.” Citron revealed that his friendship with Buch was strengthened during their chance encounter at the Gaza border amid war “We started hanging out together more when Alan was traveling back and forth from New York to Israel and I was in between reserve duty rounds,” Citron said “We began talking about how we could join forces as Alan wanted to do more in Israel not just from a philanthropic perspective but also from a business perspective.” investing in tech companies and investing in Israel,” Citron added we decided to channel our energy into a new fund focused on supporting Israeli innovation,” Buch said This cooperation resulted in the newly launched TBD VC business an abbreviation for “To Be Determined Venture Capital.” The new business succeeded in raising $35 million in funds within only three months “We are looking for startups where the mindset of the entrepreneurs is scrappy but efficient able to communicate even in the most intense situation,” Citron revealed “It ties back to my mindset and how it’s evolved since the war and the people you have got in the battlefield.” Israel is known worldwide as the Start-Up Nation due to the high concentration of startup tech companies in the country Israel is today ranked as one of the world’s leading tech hubs outside Silicon Valley Last month, Google’s parent company, Alphabet, bought the Israeli tech business Wiz for a whopping $32 billion The historic deal marks the biggest exit in Israeli tech history The All Israel News Staff is a team of journalists in Israel Blues goalie Jordan Binnington joins host Pavel Buchnevich for Episode 5 of Buch Session Montgomery comments on the Blues Game 7 double overtime loss in Winnipeg to end their season Schenn and Parayko on the Blues' elimination after 4-3 double OT loss to Winnipeg in Game 7 STL@WPG: Binnington with a great save in overtime STL@WPG: Faksa scores late in second to extend lead STL@WPG: Kyrou scores in early minutes of Game 7 Super Bowl winner Jon Gruden fires up fans before Game 6 of Stanley Cup Playoffs Montgomery after a 5-2 Blues win at home vs Winnipeg to tie the series to push to a Game 7 Philip Broberg and Cam Fowler after the Blues tying the series 3-3 WPG@STL: Binnington with an unbelievable save WPG@STL: Toropchenko scores to make it 5-1 WPG@STL: Fowler extends his point streak to 6 games WPG@STL: Schenn strikes to extend the lead WPG@STL: Binnington denies Kyle Connor a goal WPG@STL: Broberg scores goal against Connor Hellebuyck Sponsored link The Danish guitarist's melodic and welcoming Bosch-like landscapes belie early influences like Metallica's 'S&M.' ML Buch spends much of her time over Zoom wrestling with her dog who has chosen the exact time of our interview to get the zoomies “She’s very lively,” says the Danish composer from her Copenhagen apartment and that’s an understatement: The dog’s excited pants and squeaks are a constant soundtrack just off-camera It feels appropriate when talking to an artist whose music is such a riot of life In ML Buch’s world, flowers aren’t rooted to the earth—they slide by on the wind. Flesh rags, baskets of muscle, all fellow travelers through the world’s most welcoming Bosch painting, a singularity between flesh and nature rendered in seven-string and virtual guitars that Buch once said she wanted to feel as if the sun was glinting off of them. About a year ago, Buch released her second album Suntub which came out to modest acclaim that spread like wildfire once people realized just how good this thing is There are images in my head that I’m grateful to Suntub for putting there because I never would have conceptualized them otherwise And that’s not even to mention the riffs and fills and one-off melodic phrases that seem to mean as much as the lyrics It’s easy to sound like a crazed evangelist describing what the music feels like I’ve heard Suntub probably a dozen times by now and still struggle to describe what it actually sounds like My friend described it as “Joni Mitchell meets Boards of Canada,” which is about as good as I’ve heard from anyone and still fails to do justice to how it sounds at once familiar and like nothing else on earth Her voice is flat and affectless but somehow charged with humor and mischief a whiff of the Internet Age beauty that draws people to vaporwave but (unlike on her more explicitly “online” debut Skinned from 2020) holds no irony no desire to use these virtual signifiers to make any philosophical point The aim is—what is the aim? 48 Hills caught up with Buch to find out, in advance of her first-ever San Francisco show at Grey Area, 8pm on Fri/13 accompanied by drummer and multi-instrumentalist Rebecca Molina with fellow guitar vanguardist Joshua Chuquimia Crampton opening 48 HILLS This is your first show in San Francisco. In your interview with CRACK Metallica’s collaboration with the San Francisco Symphony What did you feel hearing that album in your youth ML BUCH Some friends were playing it while we were just hanging out in someone’s room in the suburbs All the songs get exaggerated by horns and percussion and I guess the chorus on the guitars was speaking to me It was not the coolest thing when I went to the conservatory 48 HILLS Chorused guitars are very crucial to the sound of Suntub and one of the things I love about the album is that sometimes the singing expresses the meaning but there are so many little phrases that are happening on guitar and I feel like a lot of the time I get as much meaning out of those What meaning do you find in these instrumental phrases I hear these different parts coming in and they have a conversation and it’s very much part of creating a landscape I’ve tried a couple of times to play my music in a rock band configuration That’s challenging when you think about playing live but when you’re producing and writing music 48 HILLS Do you find playing with Rebecca Molina frees you to express your vision more easily live [Molina put out an excellent solo album this year which features ML Buch on the closing track “Organs.”] 48 HILLS You were working on Suntub for five years before it came out Were you working on it at the same time as Skinned when you already have a feeling of what the next thing is gonna be Maybe an empty void is nice after making a record I just think it’s nice to have new aspirations or new ideas and just slowly starting to try them out And I knew that I wanted to play more guitar The first song I wrote for Suntub was “Working It Out,” and I was finishing Skinned then 48 HILLS It’s the first song you wrote for the record How much time did you spend sequencing Suntub ML BUCH I did that together with my friend Agnete [Hannibal] The sequencing can be pretty difficult when you make the music It’s really nice to get someone who you trust to help you out when you share the same aesthetics and overall ideas about music 48 HILLS The sequencing feels counterintuitive in a way: Two of the first five songs are instrumentals It makes me feel like I still don’t know what will happen next even after hearing the album so many times ML BUCH I guess it’s about working with expectations Something resolving and something challenging but we tried to feel free to do whatever we wanted with the material and not be too conventional about it 48 HILLS Did you cut down from a larger mass of music or did you know those were the tracks you wanted for the album ML BUCH There were five or 10 more sketches that I might use at some point or not maybe they’re just meant to stay in the drawer It’s really nice to speak to someone who’s like 48 HILLS You also contributed to a solo piano compilation, piano1 (out 11/22 on Section 1) Tell me about your relationship with the piano ML BUCH I’ve always played keyboards but I’ve never been that drawn to the piano so I thought it was kind of a great challenge to see how I can approach this instrument and the voice is elastic and flexible as well it doesn’t sound that great when you drum it I put 50-something earplugs between the strings to see how it would dampen the strings or make some corrupted sounds maybe I could just layer many different pianos on top of each other So I recorded a very expensive grand piano and then I went to this rehearsal space where a lot of piano casualties are placed and I recorded five different equally badly-tuned pianos I thought it was fun to go a bit against the very clean-sounding instrument 48 HILLS I wanted to ask you about the vocabulary of this album You use so many words like “yarrows” that I’ve never heard anyone else in a pop song use Where does the language of Suntub come from I was living in the countryside making most of Suntub and I drove around listening to music a lot and I was learning the names of different plants There were a lot of yarrows everywhere in the countryside I think I learned 50 or 100 names of plants and birds it’s just right there on the side of the road and the song [“High Speed Calm Air Tonight”] is maybe about driving towards the sun or being suspended in air or something like that 48H: I love the idea of a yarrow “sliding by”—it’s a very common flower ML BUCH Fri/13, 8pm, Gray Area, SF. More info here 48hills.org is the official publication of the non-profit San Francisco Progressive Media Center We are community supported journalism. Become a member. but we need you to help us beat the billionaires and fight for the soul of San Francisco by becoming a member or donating today It’s 15 minutes of material from the Suntub sessions—take it or leave it Attempts to classify Buch’s sound tend to unspool into messy lists like these none of which do justice to the uniquely uncanny quality she brings to her music The two recordings that stand most easily alongside the original material on Suntub are the two that feature percussion. Cymbals and tom splashes turn “Suncrumb trail, Staging” into a snowglobe. The only one with drums throughout is “Moving light, Change,” the longest and best of the six tracks, whose slow and almost imperceptible build brings to mind ambient techno and whose wind-tunnel percussion echoes the eerie puffs of air on Suntub’s “High Speed Calm Air Tonight.” Eisha Buch is the head of teaching and learning at Common Sense Media an organization dedicated to ensuring all kids have access to affordable quality technology to thrive in a rapidly changing digital world With 15 years of experience in the education sector Eisha leads Common Sense Education’s K-12 Digital Citizenship Program a free curriculum used in more than 85,000 schools nationwide She guides young people in understanding and navigating technology’s impact on their well-being Eisha served as a middle school teacher and administrator with New York City Public Schools The Barack Obama Foundation is registered as a 501(c)(3) non-profit organization (EIN 46-4950751) For emerging leaders who have demonstrated a commitment to advancing the common good Join other Obama alumni in coming together to support the naming of the Water Garden at the Obama Presidential Center in honor of the life and legacy of President Obama’s mother Ann Dunham—as a gift for the President’s 61st birthday Watch President Obama share his vision for the Obama Presidential Center during a surprise visit with supporters and stakeholders—a vision for a public space that will honor history We need your help to turn hope into action—to inspire The Obama Foundation Shop (Opens in a new tab) YoutubeML Buch FAUZIASOLD OUT / NO DOOR TICKETS / NO WAITLISTTuesday Pioneer Works is excited to present the NYC return of Danish artist ML Buch in our Main Hall on Tuesday with support from FAUZIA & Los Thuthanaka Following the EP ‘Fleshy’ in 2017 she released her critically acclaimed debut album ‘Skinned’ on Danish imprint Anyines in 2020 ‘Suntub’ is her second full length release which was released in October 2023 on 15 love In her compositional practice ML Buch sketches up her music in an almost architectural way The raw material is generated through immersion in playing and assembling as a way of triggering random magic is reflective of her love of combining 7-string electric guitars in open tunings with synthetic instruments and electronic experiments ML Buch has performed at the likes of Pitchfork Paris Avant-Garde and the sound and vision programme at CPH:DOX as well as performing as part of Laurie Anderson’s Talking Choir project ML Buch has done commissioned work with poet Ingvild Lothe and contributed to releases by artists like CTM Founded by artists Chuquimamani-Condori & Joshua Chuquimia Crampton (Great Pakajaqui Nation) grupo "Los Thuthanaka" bridges the past present and future of their roots by blending inherited ceremonial melodies with psychedelic rock and the minimalism of the American West Coast FAUZIA is a multi-disciplinary artist hailing from London her roots began in the context of dance music via NTS During the pandemic she shifted her efforts towards production which saw her release projects showcasing her own voice while collaborating with singers Kelela and George Riley; picking up glowing press from Resident Advisor Debuting her live show at Wysing Polyphonic in 2021 FAUZIA went on to support artists Loraine James & Space Afrika FAUZIA sold out her first headline at Southbank Centre’s Purcell room The dates displayed for an article provide information on when various publication milestones were reached at the journal that has published the article activities on preceding journals at which the article was previously under consideration are not shown (for instance submission All content on this site: Copyright © 2025 Elsevier B.V. Buch will be responsible for the segment of Solutions & Specialties dancing Ryan Suter...this episode of Buch Session has it all Pavel Buchnevich returned for a second episode of his new series at the Winter Classic Family Skate Every artist has a set of recurring tropes and for ML Buch it’s a few very specific images: a body falling apart then coming back together again; light bouncing from a reflective surface (particularly glints of sun on the sea) “It’s nice to have these eternally some elements or props or fragments that keep being relevant to me,” she told me recently at a Cuban café in Los Angeles though she has “no interest in understanding” why she keeps gravitating towards them It’s been 10 months since she released Suntub and she has no interest in understanding that either “I was singing about the ‘film of sky’ Suntub is really too monumental for articulation or understanding I become increasingly certain that Suntub will be looked upon as one of the great works of the mid-2020s It’s a suite of cyberpastoral music that ticks to its own metronome and takes us out of the timescale of daily life Few albums in recent memory have given its listeners vistas so immense or allowed us to experience an entire universe as directly as a single second you actually feel your senses re-tuning and enlarging I can no longer look at roadkill or swarms of mosquitoes or the sun on the sea the same way Suntub by ML Buch While its reception was relatively quiet upon its release in September of last year Suntub gradually became something of a phenomenon among Discog and Boomkat crowds who quickly sold out the vinyl when Buch released it to order in March It received all the accolades I’m supposed to point out here: numerous mentions on year-end lists a laudatory Pitchfork review that at least read like a Best New Music Suntub also allowed Buch to not only tour the States for the first time but to sell out shows across both coasts as well as Canada At a time when mid-tier acts are struggling to even tour nationally it’s heartening to see a somewhat niche artist from Copenhagen drawing audiences so easily — and audiences not only on their best behavior but entirely rapt I was due to meet Buch for lunch in Los Angeles two hours before her final soundcheck of the tour She’s a cool and withdrawn presence online clearly disinterested in revealing anything about herself beyond her music; I had no idea what to expect wearing an oversized painter’s shirt and loose-fitting she sprang; the bag full of clothes she carried darted and swang alongside her She introduced herself as “ML,” hugging me while maintaining a personable distance like a boss who signs a birthday card with their signature and a smiley face While everyone else tuned out the sound of the homeless person on the street They narrowed as a Tesla Cybertruck drove by and simply said “no,” then went back to eating her Cubano sandwich with a knife and fork half exhausted from playing eight shows in almost as many days and cities so it’s quite extreme but it’s also really nice,” she said “now I have to get home to my Copenhagen suburb and walk my dog and write more music.” A smile spread on her face That smile appeared several times when she performed later that night absolutely zero difference between the person I had lunch with and the person who performed to a sold out crowd She smiled every time the audience applauded and whenever there was a certain sound in a song she seemed to like Buch was similarly gracious when she met fans outside her shows She listened appreciatively while they told her about their time with Suntub experienced the album in a curiously similar fashion “People say that they are moving their bodies to it and that it’s been great for them,” she reported “They say something about the isolation as well I imagine it’s rare for a record’s reception and output to match its input so neatly Buch wrote Suntub in isolation and on the move recording in her car and mixing a whole hour’s worth of music just using her headphones but it also didn’t make sense to sit in a dark studio space She also needed to get out of the city: “There’s a lot of noise there and I just needed to find my voice.” The Copenhagen scene — which includes Erika de Casier and Clarissa Connelly; three artists who have made some of this year’s finest music — is both tight-knit and malleable and it always allows for that,” she said “I don’t think I’m in a community where I’m just a brick in the wall.” a small city on one of Denmark’s largest islands and recorded between the ocean — which she described as a “portal into an imaginative world” — and a countryside full of “dead animals and rotting and dissolving plants and organisms.” Both worlds collide on the album “Pan Over The Hill,” one of the most beautiful songs I’ve ever heard is also lyrically one of the most gruesome; Buch sings of a body blown apart “It was nice finding peace with the fact that that’s all a part of nature It’s just nature and it’s brutal,” she said (a sentence I thought about while she performed later that night in a sparkling skeleton suit) “I chose ‘Pan Over The Hill’ to be the opening because there’s a tilt there are some camera movements in there of the wind and the sun,” she said Buch tended to use the language of filmmaking when she spoke about her creative process I asked whether she saw herself as a director It’s fun to see the framings and the light but in a very abstract way I know music is very time-based but it’s fun to treat it as though it isn’t like it is a composite of some sort.” Take “Flame Shards Goo,” a song that sounds like Joni Mitchell’s “Amelia” fed through a 3D printer It’s a marvel that she’s able to produce and sustain such intricate structures on Suntub while inventing a language all her own She began work on the album over five years ago knowing immediately that it would be a “guitar record,” though she says she’s not a guitarist: “I have no idea what I’m doing chords — it’s not that important to me.” The chords that are on the album sound largely self-invented One of her main objectives for the guitar was to make it sound as though “the sun’s hitting it,” she said “That stubbornness may seem really silly to other people but you just have to go with those ideas and then see what comes out That Suntub exists at all is a sort of wonder; it’s an astonishing act of stubbornness and patience Working in isolation and under her own direction for so long presented plenty of opportunity for doubt “It’s hard to be confident about what you’re doing when you’re doing it all by yourself but that was the right way to do it and I just felt like I needed to do it.” That she was simply able to finish Suntub is her proudest achievement “It’s given me confidence to trust my instincts she’s attempting to balance that confidence with “playfulness awkwardness; the human errors that inevitably snake up when you’re in transition” — meeting teenage feelings with adult contemplation the songs are getting in touch with some Earthly dreams of life “and then it’s just really nice to be an adult as well and just make the decision to go do your own thing.” Currently her ‘thing’ is learning notation and writing to strings for the first time like it’s increasingly important to take chances she says she’s “seeing different fragments” She’s returning to her favorite image — “the sun hitting the sea when it looks like a road towards the sky” — from a different angle “I think I’m going to bring that into the next project as well the bouncing and the splintering light,” she said content to look at that glow for a lifetime The most important stories and least important memes Amanda Buch is a postdoctoral fellow in the Psychiatry Department at Weill Cornell Medicine in Biophysics from Columbia University in 2014 and her Ph.D in Neuroscience from Weill Cornell Graduate School of Medical Sciences Buch has developed cluster-aware embedding algorithms using machine learning and convex optimization in collaboration with Logan Grosenick she pioneered an imaging transcriptomics approach for biological subtyping and identified four subtypes of autism spectrum disorder linked to distinct molecular pathways Buch worked with Daphna Shohamy at Columbia University where she investigated the neural correlates of cognitive flexibility in patients with Parkinson’s disease using task-based functional MRI; with Vincent Ferrera and Elisa Konofagou at Columbia University where she studied noninvasive focused ultrasound neuromodulation; and with Viviane Tabar and Lorenz Studer at Memorial Sloan Kettering Cancer Center where she studied the efficacy of iPSC-derived dopamine grafts for Parkinson’s disease Her research and science communication have been featured by the American Association for the Advancement of Science Few albums from 2023 stick around as fervently as ML Buch’s Suntub, a distorted, pop-inflected ambient excursion that transcends time and space. Lucky for us, the Danish musician has now shared bonus recordings. Five new tracks are up on her YouTube: “Halfdark, Slow blinking,” “Opener,” “Sway walking,” “Suncrumb trail, Staging,” “Growing eyes, Blade of cloud, Rolling chill,” and “Moving light, Change.” Some are only around a minute long and others almost five minutes, but all of them are thoroughly spellbinding and graceful. Listen below. The most important stories and least important memes, every Friday. Reporting by Francesco Canepa and Valentina Za; Editing by Susan Fenton Our Standards: The Thomson Reuters Trust Principles., opens new tab , opens new tab Browse an unrivalled portfolio of real-time and historical market data and insights from worldwide sources and experts. , opens new tabScreen for heightened risk individual and entities globally to help uncover hidden risks in business relationships and human networks. © 2025 Reuters. All rights reserved Reporting by Francesco Canepa in Riga and Balazs Koranyi in Frankfurt This website is using a security service to protect itself from online attacks The action you just performed triggered the security solution There are several actions that could trigger this block including submitting a certain word or phrase You can email the site owner to let them know you were blocked Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page Six new songs have been loaded to the Danish artist's YouTube page BY Kaelen BellPublished Dec 20 Buchworms (still trying to make that fan name stick) assemble! Danish experimentalist ML Buch — who released one of the best albums of 2023 with Suntub — has blessed us with six new songs from that album's recording sessions Uploaded to Buch's YouTube page and described as "extra material from the making of Suntub," the new songs include titles like "Halfdark, Slow blinking," "Growing eyes, Blade of cloud, Rolling chill" and "Sway Walking." They're all instrumentals, ranging from one minute to just under five. Unsurprisingly, they're all very beautiful and just slightly unsettling in their peculiar alien temperature. An instant standout is the pastoral "Moving light, Change," which finds Buch shapeshifting patiently over a mesmerizing five minutes. Be the first to get our biggest stories delivered to your inbox. Geolocation is evolving - Find out why operators are migrating to GeoLocs Kresten found a Danish translation in his small village of Milton Friedman’s and became fascinated by the free enterprise system and free markets economics Kresten’s entrepreneurial journey really began at university with his childhood friend with the Internet poised to disrupt traditional industries Kresten and his friend identified a unique opportunity in online sports betting Drawing on their teenage experience of placing bets with UK bookmakers where coupons and cash was sent via post from Denmark to the UK two days before match start Kresten saw how the Internet would modernise the industry He partnered with Australian company Centrebet from Alice Springs to localise their product for the Scandinavian market Centrebet had grown into Scandinavia’s largest pure online sports betting company After a brief stint in the insurance sector he joined Kresten to develop a sports data platform that Kresten had sold to  Genius Sports in 2007 “That experience showed me the value of working on projects that involved real-time football data emphasising the importance of accuracy and demand for very high uptime especially at peak times,” said Juri.   Kresten’s focus shifted dramatically in 2009 during a two-week business growth course at Stanford University he met two African business people who explained how inexpensive smartphones were transforming the continent by providing millions with their first access to the Internet and mobile money “It was the same inflection point I saw in 1997 when the Internet started transforming industries in Europe,” Kresten recalled where desktop computers preceded the mobile revolution Kresten saw this as an opportunity to invest in solutions tailored to the needs of the region This leapfrog effect opened up enormous opportunities for technology-driven solutions tailored to the region’s unique needs “I had never thought of going to Africa before but this completely changed my perspective,” he said Eager to immerse himself in Africa’s burgeoning tech scene focusing on high-growth markets like Kenya “When you invest in 45 companies from 2010 to 2014 and you get to know what can work and what will likely not,” Kresten explained Most of these investments were made through an accelerator programme that he likens to Y Combinator “We worked with startups in batches of 10 over three-month cycles,” he said Kresten was inspired by the economics of Ludwig von Mises when setting up the accelerator programme “Ludwig von Mises famously said that the market is a process of entrepreneurial discovery not a static place where supply met demand So you must be action oriented to learn what the market actually wants,” he added this was a chance to work hands-on with African entrepreneurs He recalls travelling across the continent to help startups refine their ideas and implement scalable solutions “It was incredibly rewarding to combine our business and tech experience with the passion of local entrepreneurs,” Juri said investing in emerging markets wasn’t without its challenges “The biggest learning was that it’s a very young market in terms of experience poor protection of private property rights 30% of the budget startups had were spent on diesel for their generators “We probably could not have done what we later accomplished without going through this learning process admitting that the rest failed or ended up being zombie companies “The failures taught us more than we could have learned from just sitting and analysing.” Through years of investment and mentorship Kresten’s views on what makes a great entrepreneur have evolved for him his focus was on passionate young founders he quickly realised that passion alone wasn’t enough “The average founder of a fast-growing company in the U.S Google and Facebook are the outliers that get disproportionate mentions in the press “Experience and maturity makes you better at building a strong team Entrepreneurship can’t be taught in school You need to pay your school fees in the real world.” Kresten also highlighted the importance of adaptability Great entrepreneurs are those who can learn fast “The best leaders create a vision that inspires their teams to follow It’s not just about the idea—it’s about execution and trust.” Kresten and Juri emphasise that entrepreneurship is a journey “Your first attempt is unlikely to succeed either by starting your own company or working in a startup where you can grow alongside great people,” said Kresten For those looking to enter Africa’s tech markets with different regulations and challenges in each country,” Juri said “You need strong local partnerships to navigate these complexities effectively.” Both leaders also stress the importance of prioritising users “Focus on what matters to your customers and try to keep things simple,” Kresten said “It’s not just about flashy features—it’s about reliability entrepreneurs get too excited about all the stuff they can build that the overall user experience ends up suffering Kresten Buch and Juri Sidorenko’s story is one of determination Their willingness to take risks and immerse themselves in Africa’s unique markets has shaped their careers and contributed to the growth of local innovation This is the first part of our exclusive three-part interview series with the leaders of PawaTech Group where we explore the story behind betPawa and its impact on Africa’s iGaming landscape just a day after her departure from SEBI on 28 February Synopsis: A special Mumbai court has ordered an investigation into former SEBI chairperson Madhabi Puri Buch and five officials over alleged stock market fraud and regulatory violations following her controversial three-year tenure Buch faced multiple allegations including conflicts of interest related to the Adani Group investigation income from her consultancy firm during her SEBI tenure The Anti-Corruption Bureau (ACB) has registered an FIR against former Securities and Exchange Board of India (SEBI) chairperson Madhabi Puri Buch and five other officials over alleged stock market fraud and regulatory violations following a special court directive on 1 March The court ruling, coming just a day after Buch’s departure from SEBI on 28 February, noted that “there is prima facie evidence of regulatory lapses and collusion, requiring a fair and impartial probe,” according to a report by the Hindu The original complaint alleged large scale financial fraud regulatory violations and corruption involving the fraudulent listing of a company on the stock exchange It claimed that SEBI officials “failed in their statutory duty and enabled corporate fraud by allowing the listing of a company that did not meet the prescribed norms.” The final year of Buch’s three-year tenure at SEBI has been controversial with separate allegations including conflicts of interest related to the Adani Group investigation and corporate payments to her husband while she led the market regulator Former finance secretary Tuhin Kanta Pandey has been appointed as her replacement for a three-year term An alumnus of the Indian Institute of Management Ahmedabad the youngest and first female chairperson to lead SEBI Buch initially earned recognition as a pioneering figure While credited with implementing stricter insider trading rules and strengthening auditing frameworks mounting allegations of the very practices she was tasked with preventing increasingly overshadowed Buch’s tenure In August 2024, Hindenburg Research, a now-defunct United States-based short seller, accused Buch and her husband of having undisclosed investments in offshore entities linked to Vinod Adani failed to thoroughly investigate allegations of stock price manipulation and opaque foreign investments in Adani’s listed entities Hindenburg claimed that Vinod Adani controlled a series of offshore shell companies potentially used for stock price inflation suggesting Buch’s past professional associations might have influenced SEBI’s handling of the case Both the Adani Group and SEBI denied the allegations in separate statements with the former labelling them “baseless and politically motivated.” Soon after the Adani allegations surfaced, Reuters reported that Buch’s consultancy firm had earned approximately ₹37.1 million ($450,000) during her tenure at SEBI SEBI regulations explicitly prohibit its officials from holding an office of profit or receiving earnings from external business activities while in service SEBI’s policy mandates that all outside engagements must be disclosed and approved by the regulatory body raising questions about whether Buch had fully complied with disclosure requirements and that she had stepped down from all operational roles before assuming office as SEBI chairperson questions over a clear conflict of interest as her firm remained operationally active while she led the financial market regulator Another major allegation was Buch receiving payments from ICICI Bank after her retirement potentially constituting a breach of ethics and conflict of interest who previously held a senior position at ICICI Securities continued to receive financial benefits from ICICI Bank even after taking charge at SEBI ICICI Bank issued a statement refuting these claims clarifying that Buch did not receive any salary or Employee Stock Ownership Plans (ESOPs) post-retirement except for standard retirement benefits in line with industry norms The Bharatiya Janata Party (BJP)-led Union government also dismissed the allegations with a source quoted in India Today stating that Buch had undergone multiple rounds of vetting before being appointed SEBI chief and no irregularities were found in her financial records In September 2024, reports emerged that several large corporate firms including Mahindra & Mahindra and Dr Reddy’s Laboratories had made financial payments to Buch’s husband while she was serving as SEBI chairperson Mahindra & Mahindra alone had paid ₹3.2 million ($38,500) to Buch’s husband for consultancy services These transactions triggered questions about whether these companies had received regulatory benefits from SEBI in exchange for these payments Both Mahindra & Mahindra and Dr Reddy’s denied any wrongdoing stating that the payments were for legitimate professional services rendered by Buch’s husband independent of SEBI’s functioning Beyond the external controversies, Buch’s leadership style also came under scrutiny when over 1,000 SEBI employees launched an unprecedented protest in September 2024 alleging a toxic work culture under her leadership Employee grievances included accusations of unprofessional behaviour from top officials with allegations that Buch used harsh language and intimidation tactics Staff also complained about unrealistic performance targets leading to a stressful work environment and over-surveillance of employees asserting that the protest was influenced by external factors and did not reflect broader employee sentiment The agency further asserted that its internal review found no evidence of systemic toxicity in the workplace Published ${response.data.published_date} ⚊ Updated ${response.data.updated_date} When one domino falls, usually there was another domino falling right before it. With Daison Pursley announcing that he’s joining the Buch Motorsports team full-time for 2025 Peck took to social media to address the situation on Tuesday afternoon I have been grateful to be presented with many opportunities and wins with the Buch Motorsports No “I wish nothing but success for the team and their future endeavors.” Peck and the Pennsylvania-based Buch Motorsports team are currently sixth in the High Limit Racing point standings one spot and 18 points behind Corey Day’s No 14 Jason Meyers Racing team from a coveted charter spot 𝐎𝐟𝐟𝐢𝐜𝐢𝐚𝐥 𝐏𝐫𝐞𝐬𝐬 𝐑𝐞𝐥𝐞𝐚𝐬𝐞 𝐟𝐫𝐨𝐦 𝐉𝐮𝐬𝐭𝐢𝐧 𝐏𝐞𝐜𝐤Excited to finish the year and look forward to 2025! pic.twitter.com/hmbXcTuj26 The Monrovia, Indiana driver scored two High Limit wins over the last two years while driving for Buch Motorsports. Peck won at Kokomo Speedway in 2023, and at Eldora Speedway two weeks ago in a BeFour the Crowns prelim night feature. Peck also scored 12 All Star Circuit of Champions victories while driving for Buch Motorsports between 2021 and 2022 and finished second in the points standings in 2022 behind Tyler Courtney. As far as Peck’s plans for 2025 and beyond, his statement on social media teased that his “plans to be announced shortly.” Get the most important Racing stories delivered straight to your inbox. ©2006 - Present FloSports, Inc. All rights reserved. View this post on Instagram A post shared by Dōgon (@dogondc) It's part of a new compilation of solo piano compositions BY Kaelen BellPublished Oct 16 ML Buch has shared a new piano piece called "getting to know each other," part of a section1 solo piano compilation arriving on November 22 Buch describes the piece as "a dialogue between different piano elements and deals with both the euphoric and confusing awkwardness of getting to know someone new." The piece starts with a call n response between a very simple riff played on a grand piano and a melody answering both in pitch and completely out of tune It's been fun playing a very expensive newly tuned grand piano and also layering 5 upright pianos each in its own very bad shape The riff transitions into an ostinato and another piano enters and tries to learn that ostinato — sines played with an EBow on the piano strings flow on top Looking back I guess I treated the piano more like a guitar and tried to mess a little with that clean and precise sounding instrument The track follows Buch's indelible 2023 album Suntub, as well as a recent collaboration with Danish-Chilean composer Molina called "Organs." Check out "getting to know each other" below. a new compilation dedicated entirely to solo-piano works Many of the artists on the compilation — a list that includes people like Youth Lagoon and Brad Oberhofer — are known for considerably more complex music but the idea is that this compilation will force both artists and listeners to slow down You can hear where that prompt leads on the new compilation tracks from ML Buch ML Buch, the Danish artist who released the powerful album Suntub last year, turns in the lightly ominous instrumental “Getting To Know Each Other.” Here’s what she says about it: Laraaji, the ambient veteran who was collaborating with Brian Eno back in the early ’80s, contributes a relatively florid piece called “waltz life,” and it comes with a video of guys fighting in mud. Laraaji says: The piano has been my major instrument of joyful expression since the age of 10. My dear mother honored my interest in piano and violin at a very early age by having a piano in the house and allowing me to take piano lessons. With piano I go into many various worlds of the imagination, dancing images, space images, mysterious images, unfamiliar tonal worlds. The Danish singer-songwriter Alice Boman is represented with the soft, haunted “17.” Here’s what she says: I have been playing the piano since I was a child, and I remember moving from playing sheet music when I was younger to playing more freely and exploratively — just for the joy of it. That was a big change in what the piano meant to me. Making this tune I was going back to that — just playing around, letting the fingers lead the way. Below, check out all three tracks and the piano1 tracklist. The piano1 compilation is out 11/22 on section1. Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world potentially making the deals more attractive for banks The ECB is planning to start a “pilot” next year that it has developed with an influential banking lobby Buch said at a press conference on Tuesday Shortening the approval could benefit not only the industry but also regulators Metrics details The fresh and dried rhizomes of Hedychium spicatum are used to treat various ailments The present work aimed to determine the influence of drying conditions (shade; HSSH blower; HSB) on the essential oil profile and antioxidant potential of H The oil was extracted by hydrodistillation method The GC-FID and GC-MS were used to identify compounds while the antioxidant potential was measured by DPPH radical scavenging metal ion chelating and H2O2 scavenging methods molecular docking simulations were conducted on major compounds targeting NADPH oxidase Drying significantly enhanced the oil yield of H The dominant compounds identified across all the samples were 1,8-cineole (14.62–53.87%) The content of 1,8-cineole increased significantly while the percentage of elemol and α-cadinol decreased significantly in the dried rhizome samples antioxidant potential and highest content of 1,8-cineole and elemol (marker components) Docking studies indicated that α-muurolol and α-cadinol exhibited favorable binding affinities and significant hydrophobic interactions with the enzyme’s active site the selection of the appropriate drying condition to obtain essential oils is important not only in terms of higher yield but also in terms of the percentage of compounds that can bring the essential oils to their sustainable use It is the first report on the effect of drying on H there has been no record found in the literature on the effect of different drying conditions on the essential oil content and essential oil composition of H the present study aims to determine the influence of drying conditions on the essential oil profile and antioxidant potential of H spicatum rhizomes were collected from Ramgarh The plant specimen was identified at Regional Ayurveda Research Institute (Central Council for Research in Ayurvedic Sciences) To help in the essential oil release from the rhizomes they were first submerged in water for an hour The rhizomes were separated into six batches and cut into 0.5*0.5*4 cm-wide slices before being dried under various temperatures (fresh: HSF; sun: HSS; blower: HSB shade: HSSH; oven drying at 30 °C: HSOV30; oven drying at 50ºC: HSOV50) The rhizomes were dried until a constant weight was detected The Clevenger apparatus was used for 5 h to extract the essential oil (EO) from the fresh and dried H These samples were hydrodistilled thrice and dried over anhydrous sodium sulphate spicatum were run on a Shimadzu 2010 GC with an RXi-5 (30 m*0.25 mm*0.25 μm) column programmed at an oven temperature of 50 °C to 280 °C equipped with FID The temperature programming of the column was 50 °C for 2 min The injector temperature was set to 260 °C The injector flow rate of N2 was 16.3 mL/min and the pressure was 89.8 kPa spicatum oil samples was done using a Shimadzu 2010 GC-MS equipped with an RXi-5 fused silica column The same temperature programming was used as in GC Both the ion source temperature and the interface temperature were set at 220 °C and 270 °C respectively the start time was 3 min and the end time was 74.98 min with a scan speed of 2000 The calculation of retention index was calculated by the following formula: N = Carbon number of Retention index of the carbon which is less than the derived RI Rderived = Retention Index of the compound for which Retention Index is being calculated Rbefore = Retention Index of the carbon number which is lower than the derived Retention Index Rafter= Retention Index of the carbon number which is higher than the derived Retention Index Several in vitro tests were conducted to assess the essential oil’s antioxidant activity and the results were presented as the mean ± standard deviation (SD) of three experimental data 5 mL of DPPH in a 0.004% methanol solution was applied to each oil sample to reach the final concentration in the 5–25 µg/mL range butylated hydroxytoluene (BHT) was examined at similar concentrations After 30 min in the dark at room temperature the absorbance at 517 nm was measured in triplicate using a UV-visible spectrophotometer (Thermo Scientific Evolution-201) The following equation was used to calculate how much DPPH was inhibited: At for the sample or standard absorbance at 517 nm Inhibition percentages were plotted against concentration to determine the IC50 (half-maximal inhibitory concentration) values The following equation was used to calculate the test sample’s ability to chelate Fe2+ ions: Where Ao stands for absorbance of the control At for the sample or standard absorbance at 562 nm the H2O2 radical scavenging activity of the studied materials was measured The test solution contained 0.4 mL of methanolic solution 0.6 mL of H2O2 solution (40 mM) in phosphate-buffered saline (PBS; 0.1 M; pH 7.4) and different amounts of essential oils or standard (BHT) to prepare final concentrations in the range of 5–25 µg/mL The solution was incubated for ten minutes at room temperature The absorbance at 230 nm was measured in comparison to methanol The formula to determine the H2O2 scavenging is as follows: At for the absorbance value of the essential oil sample or standards The plant experiments were in accordance with relevant institutional and international guidelines and legislation experiments do not violate the IUCN policy statement on Research Involving Species at Risk of Extinction and Convention on the Trade in Endangered Species of Wild Fauna and Flora The one-way ANOVA was applied using SPSS 16.0 software and the data on the percentage variation in the constituents of essential oils was statistically evaluated the results were calculated and presented as the mean value and standard deviation (SD) The agglomerative hierarchical cluster study using the Ward method (XLSTAT free version) was carried out to understand the effect of drying conditions on the essential oil composition as well as to find out the relationships between the applied drying conditions The BIOVIA Discovery Studio visualizer (v21.1.0.20298) was used for molecular docking The present study focused on the effect of different drying conditions on the essential oil composition and antioxidant potential of H Effects on oil yield and moisture content were also determined Effect of drying conditions on the essential oil yield of H GC Chromatogram of fresh rhizomes oil sample confirming their presence as major compounds GC Chromatogram of sun dried rhizomes oil sample GC Chromatogram of blower dried rhizomes oil sample GC Chromatogram of shade dried rhizomes oil sample GC Chromatogram of oven dried rhizomes at 30ºC oil sample GC Chromatogram of oven dried rhizomes at 50ºC oil sample spicatum under different drying conditions The effect of drying condition on the chemical classes composition of H Cluster I (C1): 1,8-Cineole (14.62–23.68%) Cluster II (C2): 1,8-Cineole (37.28–53.87%) Cluster analysis of the essential oils of H Principal component analysis of the essential oils processed under different drying conditions on the basis of their major compounds Compounds germacrene-4-ol and elemol contributed positively towards HSF to PC2 and α-muurolol contributed negatively towards HSS to PC2 1,8-Cineole contributed positively to HSOV50 HSOV30 to PC2 and negatively towards HSB and HSSH to PC2 Since all of the antioxidant features cannot be expressed by a single process the in-vitro antioxidant activity was evaluated using three separate techniques: DPPH To express the essential oil’s ability to inhibit DPPH Ascorbic acid was used as the standard for metal chelating activity whereas BHT served as the reference for DPPH and H2O2 assays Germacrene-4-ol (r = − 0.854, p < 0.05) and elemol (r = − 0.875, p < 0.05) showed a strong and significant negative correlation with the IC50 value, suggesting a direct effect of these components on the antioxidant potential of H. spicatum oil (Table 3) p < 0.05) were observed to directly affect the activity which was further supported by the significant negative correlation of OS with H2O2 assay IC50 Binding pocket of the interaction of compounds with NADPH oxidase; Molecular interactions established by [A] 1,8-cineole [C] Germacrene-4-ol [D] α-muurolol [E] α-cadinol with the active site NADPH oxidase for preserving the high-quality essential oil which positively affected the essential oil yield and the content of 1,8-cineole in H drying is a good option for keeping therapeutic herbs over time This study suggested that oven drying at 30 °C might be a better method for obtaining a high essential oil yield and 1,8-cineole content HSOV30 exhibited the maximum antioxidant activity which could be used for many respiratory diseases like bronchitis rhinosinusitis and germacrene-4-ol were the major compounds present in all the samples Molecular docking simulations showed that α-muurolol and α-cadinol exhibited promising binding affinities characterized by extensive hydrophobic interactions with key residues within the enzyme’s active site The present study showed that monoterpene content increased upon drying This study provides an in-depth examination of drying techniques’ effects on essential oils’ composition and antioxidant properties of H Molecular docking reveals potential therapeutic applications but limitations include restricted drying conditions and the need for in vivo studies to confirm biological significance While the research makes significant contributions further investigation is needed to explore the broader implications of its findings The datasets used and/or analysed during the current study available from the corresponding author on reasonable request antioxidant and antimicrobial investigations on essential oil and oleoresins of Zingiber officinale Medicinal and Aromatic Plants: Healthcare and Industrial Applications Hedychium spicatum: A systematic review on traditional uses Hedychium spicatum Sm.: Checompositionsition with bioloactivitiesvities of methanolic and ethylacetate oleoresins from rhizomes Comparative essential oil composition of different vegetative parts of Hedychium spicatum Smith Chemical composition and antibacterial activity of rhizome oils from Hedychium coronarium Koenig and Hedychium spicatum Buch-Ham Antioxidant activity of Hedychium spicatum Buch.-Ham Comparison of different drying methods on Chinese ginger (Zingiber officinale Roscoe): Changes in volatiles and silica gel drying methods on the volatile components of ginger (Zingiber officinale Roscoe) by HS-SPME-GC-MS Quality of dry ginger (Zingiber officinale) by different drying methods Impact of drying methods on the chemical profile of Zingiber officinale Rosc Identification of Essential Oil Components by Gas Chromatography/Mass Spectrometry (2007) Effect of drying on the quality of essential oil of Ocimum americanum Chemodiversity and antioxidant potential of the essential oil of fresh leaves of Cinnamomum zeylanicum Blume from Uttarakhand biological activities and in silico evaluation of essential oils from the aerial Heyne ex Roth)-Haines grown in North India Small-molecule Library Screening by Docking with PyRx Essential oil composition of Hedychium spicatum Buch.-Ham Effect of seasonal variation on chemical composition and physicochemical properties of Hedychium spicatum rhizomes essential oil Spiked zinger lily (Hedychium spicatum): Identification of superior genotypes from Indian Himalayan region phytochemical and pharmacological properties of Hedychium (Zingiberaceae) – A review Temporal and spatial variation in quality of essential oil of Hedychium spicatum and evaluation of its antioxidant activity Chemical composition and antibacterial potential of essential oils from Artemisia capillaris Composition and in vitro cytotoxic activities of essential oil of Hedychium spicatum from different geographical regions of western Himalaya by principal components analysis Chemical composition and antimicrobial activities of the essential oils from the rhizomes of four Hedychium species from South India Comparative study on eucalyptol and camphor rich essential oils from rhizomes of Hedychium spicatum Sm antioxidant and antimicrobial activities of the essential oils from Indian populations of Hedychium coronarium Koen Chemical composition and antioxidant activity of rhizome essential oil of Hedychium griffithianum and antioxidant potentiality of Xanthium strumarium leaves essential oil from Egypt: evidence from chemometrics analysis antioxidant and allelopathic activity of the essential oil from three Launaea species growing naturally in heterogeneous habitats in Egypt and antioxidant activities of Symphyotrichum squamatum (Spreng.) Nesom essential oils growing in heterogeneous habitats Structure-activity relationships and rational design strategies for radical- scavenging antioxidants Main benefits and applicability of plant extracts in skin care products Essential oils and their single compounds in cosmetics-A critical review Phytochemicals from Cunninghamia konishii Hayata act as antifungal agents and antioxidant and antimicrobial properties of the rhizome essential oils of different Hedychium species Total phenolic compounds and antioxidant potential of Hedychium spicatum Buch Sesquiterpene hydrocarbon rich essential oils of Caryopteris odorata (D Download references The first Author is grateful to the Department of Science & Technology Government of India for financial support under the DST-WISE PhD fellowship The authors are also grateful to the Head Department of Chemistry G.B.Pant University of Agriculture and Technology was also instrumental in preparing the original draft She conceptualized and supervised the research Methodology and Writing - Review & Editing fell under B.K.‘s purview Some of the resources were provided by L.M.T Statistical analysis was performed by both M.J The authors declare no competing interests Springer Nature remains neutral with regard to jurisdictional claims in published maps and institutional affiliations Download citation DOI: https://doi.org/10.1038/s41598-024-79712-5 Anyone you share the following link with will be able to read this content: Sorry, a shareable link is not currently available for this article. Sign up for the Nature Briefing newsletter — what matters in science, free to your inbox daily. MUMBAI: A special court on Saturday directed the Anti-Corruption Bureau (ACB) to register a First Information Report (FIR) against former SEBI chairperson Madhabi Puri Buch and five others in connection with allegations relating to financial fraud, regulatory violations and corruption. Mumbai, Feb 20 (ANI): SEBI Chairperson Madhabi Puri Buch addresses the launch of the CDSL and NSDL unified investor app, in Mumbai on Thursday. (ANI Photo) (Sandip Mahankal) The order, delivered by a special ACB court, came a day after Buch completed her tenure as chairperson of market regulator, the Securities and Exchange Board of India (SEBI). The complainant has submitted documents that reveal alleged procedural lapses and non-compliance in the IPO process, leading to an irregular listing of the company in question. He further highlighted regulatory filings and stock market reports, indicating artificial inflation of share prices and market manipulation. Shrivastava claimed to have approached the police and regulatory bodies on several occasions but no action was taken. Upon reviewing the material on record, special ACB Judge Shashikant Eknathrao Bangar directed the ACB to register an FIR under relevant provisions of the Indian Penal Code, Prevention of Corruption Act, SEBI Act and other applicable laws, to be monitored by the court. The judge has directed a status report to be submitted within 30 days. Judge Bangar observed that the allegations disclosed a cognisable offence, necessitating an investigation. “There is prima facie evidence of regulatory lapses and collusion, requiring a fair and impartial probe,” he added. He further noted that the inaction by law enforcement and SEBI necessitates judicial intervention under the provision of the Criminal Procedure Code. The court relied on a Supreme Court precedent and established that if a complaint discloses a cognisable offence, registration of an FIR is mandatory, and failure to do so amounts to a violation of statutory duty. Reacting to these developments, SEBI issued a statement on Sunday, stating that it would be initiating appropriate legal steps to challenge the order of the special court. “Even though these officials were not holding their respective positions at the relevant point of time, the court allowed the application without issuing any notice or granting any opportunity to SEBI to place the facts on record,” it said. “The applicant is known to be a frivolous and habitual litigant, with previous applications being dismissed by the court, with imposition of costs in some cases. SEBI would be initiating appropriate legal steps to challenge this order and remains committed to ensuring due regulatory compliance in all matters,” according to the statement. This is not the first time, Buch, India’s first female SEBI chief, has been under fire. Last year, she was accused by the now-defunct US-based short-seller Hindenburg of alleged conflict of interest due to undisclosed investments in offshore entities linked to the Adani Group. Buch has denied the allegations, saying the investments had been made before she was appointed as SEBI chief and she had made the necessary disclosures. Laraaji shared: “The piano has been my major instrument of joyful expression since the age of 10. My dear mother honored my interest in piano and violin at a very early age by having a piano in the house and allowing me to take piano lessons. With piano I go into many various worlds of the imagination, dancing images, space images, mysterious images, unfamiliar tonal worlds.” And Boman shared: “I have been playing the piano since I was a child and I remember moving from playing sheet music when I was younger, to playing more freely and exploratively — just for the joy of it. That was a big change in what the piano meant to me. Making this tune I was going back to that — just playing around, letting the fingers lead the way.” * Kelly Moran’s track only appears on the vinyl version of piano1 All our content is free to read; if you want to subscribe to our newsletter to keep up to date, click the button below. © 2025 Our Culture Mag Limited. All rights reserved. Use of this site constitutes acceptance of our User Agreement (updated 2/1/2025) and Privacy Policy and Cookie Statement (updated 2/1/2025). The material on this site may not be reproduced, distributed, transmitted, cached or otherwise used, except with the prior written permission of Our Culture Mag Limited. MUMBAI: The Bombay High Court on Tuesday extended by four weeks the interim stay on the order of a special court which had directed that a First Information Report (FIR) be registered against former Securities and Exchange Board of India (SEBI) chairperson Madhabi Puri Buch and five others for alleged stock market fraud and corruption. Former SEBI Chairperson Madhabi Puri Buch (ANI) The court took note of the affidavit filed by the complainant and granted time to Buch and others to study its contents. Scheduling the matter for further hearing on May 7, the single-judge bench of Justice Shivkumar Dige on Tuesday stated, “The interim relief granted earlier shall continue until further orders.” On March 1, Special Judge Shashikant Bangar had directed the Anti-Corruption Bureau (ACB) to file an FIR based on a complaint which had accused SEBI of permitting a New Delhi-headquartered oil refinery, Cals Refineries, to list on the Bombay Stock Exchange (BSE) in 1994, even though it failed to meet regulatory conditions under the SEBI Act, 1992. The complaint, registered by a Thane-based journalist Sapan Shrivastava, stated that the alleged fraudulent listing took place with the active connivance of regulatory authorities, particularly SEBI, which facilitated market manipulation and enabled corporate fraud. Shrivastava also alleged that SEBI officials had accepted a bribe of ₹2-10 lakh to overlook the regulatory breaches, thereby failing to carry out due diligence. He claimed that he suffered heavy financial losses due to the alleged corruption. Along with Buch, the complaint was filed against three SEBI whole-time members, Ashwani Bhatia, Ananth Narayan G and Kamlesh Chandra Varshney; BSE chairperson Pramod Agarwal; and BSE’s chief executive officer Sundararaman Ramamurthy. Trading in shares of Cals Refineries was suspended in August 2017. Neither Buch nor the three whole-time members were with SEBI at the time, the market regulator had said in a statement after the special court’s order. Subsequently, the high court on March 3 had temporarily stayed the order after finding flaws in the order passed by the special court. “It appears that the order was passed mechanically without going into the details and without attributing any role to the applicants,” the bench had said. The Securities and Exchange Board of India (SEBI) and the Bombay Stock Exchange have responded to an order by a special Mumbai court against the former’s ex chairperson and five others saying that they will challenge the order with “appropriate legal steps” The court’s order came a day after Madhabi Buch completed her tenure as SEBI chairperson. (File Photo)((PTI)) The response comes after an anti-corruption court in Mumbai ordered a probe against ex SEBI chairperson Madhabi Buch and five others on Saturday over allegations relating to financial fraud The court’s order came a day after Madhabi Buch completed her tenure as SEBI chairperson five others named in the order are three SEBI whole-time members - Ashwani Bhatia and Kamlesh Chandra Varshney and BSE chairperson Pramod Agarwal and CEO Sundararaman Ramamurthy A Thane-based journalist, Sapan Shrivastava, had filed a complaint against senior officials of the SEBI and BSE alleging that the market regulator permitted the listing of a company on the BSE even though it was not in compliance with the SEBI Act The complainant alleged that the company was listed fraudulently in 1994 with the active connivance of regulatory authorities The complainant added that the SEBI officials had failed in their statutory duties and the listing facilitated market manipulation and enabled corporate fraud He also said that before approaching the court he had approached the police and regulatory authorities to raise the concern but to no avail the court asked the Anti-Corruption Bureau (ACB) to file an FIR under relevant provisions of the Indian Penal Code The judge also asked for a status report within 30 days the SEBI has said in a statement that it "would be initiating appropriate legal steps to challenge this order and remains committed to ensuring due regulatory compliance in all matters." "Even though these officials were not holding their respective positions at the relevant point of time the court allowed the application without issuing any notice or granting any opportunity to SEBI to place the facts on record," SEBI added SEBI also called the complainant a “frivolous and habitual litigant” saying that his previous applications had been dismissed by the court the BSE also said that the alleged officials did not hold their respective positions at the time of the alleged listing of the company and were not connected with the company at all BSE said that it is initiating “necessary and appropriate legal steps in this regard” and called the application “frivolous and vexatious in nature.” Check out the final scores of your favorite city and area teams Bishop LeBlond defeats Plattsburg 60-12 in News-Press NOW’s Game of the Week If the opening kickoff served as a foreshadow of how Friday’s nights contest would play out Bishop LeBlond would serve as the beneficiary Plattsburg would fumble the opening kickoff giving LeBlond an early trip on offense in which they would capitalize LeBlond quarterback Cooper Tabor would find Jacob Winkelbauer for a touchdown on the ensuing drive following the turnover jump starting the game in the Golden Eagles’ favor LeBlond had another high-scoring performance up its sleeve scoring at least 50 points once again to route the Tigers on their home field LeBlond loaded the bus on Friday night as one of two teams left in the St The Tigers and Golden Eagles are expected to play each other again in St Joseph Christian falls to North Andrew 26-12 Check back later tonight for final score updates and tune in tonight for News-Press NOW SportsZone where we’ll show highlights and talk about the games Jump to comments ↓ News-Press Now is committed to providing a forum for civil and constructive conversation Please keep your comments respectful and relevant. You can review our Community Guidelines by clicking here If you would like to share a story idea, please submit it here. Over 500 officials of the Securities and Exchange Board of India (SEBI) have approached the government alleging toxic work culture under the management of chief Madhuri Puri Buch who is also facing various other allegations drawing a pension double that of her salary and her connection with the Adani offshore funds the letter dated August 6 to the Finance Ministry of India states that shouting and scolding is the new norm in the meetings Entitled “Grievances of SEBI officers—a call to respect,” the letter further alleges “harsh and unprofessional language,” used by the SEBI chief who also micromanages by monitoring their “minute-by-minute movement.” The devastating letter also accuses Madhuri Buch of imposing “unrealistic work targets” with "shifting goalposts." the SEBI officials remark that it is crucial that management take notice of “the growing frustration among employees.” The letter wraps with a sheyar stating Humne nahi chahaa tha ke baat iss mod pe aaye Par ab baat humse hamara SEBI cheen lene ki hai!” with several netizens urging the SEBI chair to resign and leave the regulatory body with less collateral damage “She must go,” opined several eminent netizens But will the SEBI chief or the government even listen See Also: Hindenburg Vs Adani: Amid Fresh Allegations On SEBI Chief, Internet Erupts In Hilarious Memes See Also: ‘Won’t Allow Paytm Type Contamination In Market!’ SEBI Chairperson’s Remark Triggers Memefest Online Graphics: Mashable India/Patrick Gawande succeeding Madhabi Puri Buch after her three-year tenure the first woman to helm the regulator assumed office on March 2 had her last working day on February 28 (Friday) a farewell was expected for Buch on her final day Her departure suggests she was unprepared for the transition she likely did not anticipate such an unceremonious exit SEBI organises farewell ceremonies for outgoing chairpersons but Buch’s departure was marked by an unusual atmosphere She did not visit the office on her final day her exit was met with relief among SEBI employees due to longstanding dissatisfaction with her leadership a Business Standard report stated that Buch was unwell with COVID-19 She reportedly bid farewell to SEBI virtually due to pandemic-related restrictions and a formal farewell will be held once she recovers One of the key reasons for employee resentment was Buch’s last-minute promotions of favored officials she promoted 15 General Managers (GMs) to the Chief General Manager (CGM) level and elevated her Executive Assistant Regulations dictate that promotions should follow a hierarchical process across all levels but Buch allegedly prioritized officers at the top This selective approach fueled widespread dissatisfaction among SEBI employees Buch’s final year at SEBI was marked by controversy. Employees had even staged protests outside SEBI’s Mumbai office, citing “unfair work practices.” Additionally, she faced allegations from Hindenburg Research and the Congress party following Hindenburg’s accusations of a conflict of interest involving her and her husband’s foreign investments The SEBI Chief can serve for a maximum of five years or until the age of 65 an extension of up to two years is possible but the government chose not to renew her term When applications for SEBI’s top post were invited until February 17 it became clear that an extension for Buch was not on the table Indian billionaire Gautam Adani’s representatives met with Trump administration officials to seek dismissal of criminal charges in a bribery probe Talks have gained momentum and could result in a resolution within a month Adani and his nephew are accused of paying bribes and misleading investors but his representatives argue that his prosecution does not align with Trump’s priorities