The board of Religare Enterprises Ltd (REL) has rallied behind its embattled chairperson Rashmi Saluja, saying she had turned around the financial services company whose market cap has increased to about a billion dollars from under $100 million in March 2018. The board -- which is fending off an Rs 2,200 crore open offer by the Burman family -- said accusations had not only targeted Saluja but the entire Religare management that has made Religare debt free. "Our story has been one of resurgence under the guidance of the Board of Directors led by Saluja, executive chairman.
The Maharashtra cabinet led by Chief Minister Eknath Shinde on Wednesday reversed the previous MVA government's decision to increase the number of municipal wards in Mumbai from 227 to 236, an official release said.
Vidarbha opener Atharva Taide struck his third first-class century and his second of the ongoing Ranji Trophy season
In separate letters to the speaker, Congress leader Adhir Ranjan Chowdhury, Supriya Sule of the NCP, DMK leader Kanimozhi and TMC's Aparupa Poddar said what had happened with Ali is unfortunate and that action should be taken against Bidhuri.
While 221 Indian pilgrims died during the Haj in 2007 due to natural causes, six others were killed in road accidents.
Smarting from their nine-wicket thrashing by New Zealand in the tournament opener, England amassed 364-9 after their top order fired with Malan forging century-plus partnerships with Jonny Bairstow (52) and Joe Root (82).
The skeet team, comprising Angad Vir Bajwa (121), Anant Jeet Singh Naruka (120), and Gurjoat Khangura (115), finished in 14th place with an overall score of 356.
Capital expenditure (capex) by 54 large central public sector enterprises (CPSEs) and five departmental arms with an annual capex target of Rs 100 crore and above has reached around 42.5 per cent of their annual target of about Rs 7.33 trillion in this financial year so far, a senior official from the Ministry of Finance told Business Standard. "The Centre is pushing the big public undertakings in the infrastructure and refinery sector to achieve 90 per cent of their target by the end of the third quarter," he said. The capex by this group of CPSEs stands at around Rs 3.1 trillion in the April-August period so far.
Corporate earnings got a big boost from the fall in commodity and energy prices in July-September 2023 (Q2FY24) despite a slowdown in revenue growth during the quarter. The combined net profits of 3,123 firms that have declared their results so far were up 38 per cent year-on-year (Y-o-Y) to Rs 3.07 trillion in Q2FY24, up from Rs 2.24 trillion a year ago. Earnings were, however, down 3.5 per cent on a sequential basis from Rs 3.18 trillion in April-June (Q1) FY24.
Justice N Anand Venkatesh, who holds the portfolio for MP/MLA cases in the state, took up the cases against senior ministers Thangam Thennarasu and his wife and KKSSR Ramachandran and his spouse and also a friend of the DMK leader.
Billionaire Mukesh Ambani's Reliance Industries Ltd is the most valuable private company in the country, as per Hurun India's 2022 Burgundy Private Hurun India 500 list. The list, which was released on Tuesday, stated that with a value of Rs 16.4 lakh crore, Reliance is India's most valuable company, followed by Tata Consultancy Services (TCS) with Rs 11.8 lakh crore and HDFC Bank with Rs 9.4 lakh crore. Reliance is also the highest taxpayer with a payout of Rs 16,297 crore and the most profitable company with a bottomline of Rs 67,845 crore in 2022-23.
Cheteshwar Pujara made 49 and 43 in his two innings as Saurashtra lost to Haryana by four wickets.
Container Corporation of India (Concor) has been the worst performer among major logistics & port stocks registering returns of about 4 per cent over the past three months as compared to 10-12 per cent for peers Gateway Distriparks and Adani Ports and SEZ. Uncertain outlook on the export-import (EXIM) trade front, market share loss, lack of progress on divestment, and weak June quarter results weighed on the stock. Volume and margin movement will be key triggers for the stock going ahead. As was the case in the previous quarter, margin performance was muted even in the June quarter. Operating profit in the quarter was down 17 per cent at Rs 391 crore missing estimates by over 15 per cent. Operating profit margins at 20.4 per cent, too, were down sharply by 350 basis points over the year-ago quarter.
Zak Crawley said England's upcoming tour to India in January-March 2024 presents them with an 'amazing opportunity' to showcase 'Bazball'.
Images from the ICC World Cup match between England and Bangladesh, in Dharamsala, on Tuesday.
The players of which country had the best IPL 2023? Srinivas Bhogle and Purnendu Maji find out.
Civic polls in Mumbai are to take place in late March or early April.
India won nine gold, as many silver and two bronze medals in total.
Krunal, however, conceded that his side allowed GT to run away with the game with far too many runs on the board.
The bench said that multiple local factors made it difficult for the top court to "frame uniform or standard guideline for trial courts across the length and breadth of this country" and it left the issue of ensuring speedy trial to the high courts as they have the power of superintendence over the trial courts.
The sources said that of the 124 positive samples, genome sequencing results of 40 were received of which XBB, including XBB.1, was found in 14 samples and BF 7.4.1 in one sample.
Srinivas Bhogle and Purnendu Maji present Rediff.com's Most Valuable Player Index after 23 World Cup 2023 games.
He felt Australia will get better as the series progresses.
Dinesh Karthik hit a quickfire half-century as Tamil Nadu overcame a jittery start to down Baroda by 38 runs.
Khawaja steers calm course on Ashes rollercoaster
Joginder Tuteja looks at Shah Rukh's 10 biggest recent hits.
With Housing Development Finance Corporation's (HDFC's) merger with HDFC Bank becoming effective on July 1, the merged entity is set to become the top weight in the benchmarks S&P BSE Sensex and the National Stock Exchange Nifty indices, dislodging the country's most valuable company, Reliance Industries (RIL), from its perch. HDFC will stop trading after July 13. At present, RIL has a weighting of close to 12 per cent in the Sensex and 10.3 per cent in the broad-based Nifty. Meanwhile, HDFC Bank and HDFC have weights of 9.9 per cent and 6.8 per cent in the Sensex and 8.8 per cent and 6 per cent in the Nifty, respectively.
Pacer Jaydev Unadkat returned to Test cricket after 12 years -- missing 118 games during that period.
PHOTOS of the IPL 2023 match between Gujarat Titans and Lucknow Super Giants at the Narendra Modi Stadium in Ahmedabad on Sunday.
Will India extend their run to make it 8-0? Or will Pakistan be able to snap the streak?
India's urban unemployment rate declined in Q4FY23 to 6.8 per cent - the lowest in over four years -- after it stagnated at 7.2 per cent in the previous October-December quarter, reflecting improvement in the labour market, according to the Periodic Labour Force Survey (PLFS) released by the National Statistical Office (NSO) on Monday. The unemployment rate in current weekly status (CWS) terms for all ages in the March quarter was the lowest recorded in more than four years, from the time the NSO released India's first quarterly urban jobless rate for the December quarter in 2018. The jobless rate in urban areas had been on a continuous decline since the peak of 20.8 per cent in the April-June quarter of FY21.
Ishan Kishan made history by becoming the seventh batsman in one-day international cricket to hit a double century
While the corporate sector has benefited from massive capital expenditure, leading to sky-rocketing stock prices, investors would do well to keep an eye on the macroeconomic picture and government finances, not just corporate profits, for signs of trouble, alerts Debashis Basu.
Srinivas Bhogle and Purnendu Maji present Rediff.com's Most Valuable Player Index after 37 World Cup 2023 games.
A look at how India have fared in their World Cup opening games.
Jaydev Unadkat was both relieved and delighted after Zakir Hasan became his maiden Test wicket.
Modi knows that the BMC elections are critical for his party which has never won a majority in the city's 227 wards.
Passenger vehicle wholesales rose 23 per cent year-on-year in the December 2022 quarter, aided by robust demand in the festive period, the automobile industry body Society of Indian Automobile Manufacturers said on Friday.
The Madras high court on Thursday ordered issuing notice to deposed All Indi Anna Dravida Munnetra Kazhagam leader and former Tamil Nadu Chief Minister O Paneerselvam and his relatives on a criminal revision case initiated on its own, relating to their discharge in a disproportionate wealth case by a trial court in 2012.
"It is very hard for the bowlers nowadays especially with the impact player. You have eight or nine batters in a team and it becomes very hard. If you need 60-65 in the last four overs it is quite gettable nowadays.
