In a bid to ease compliance towards companies planning public offers (IPOs), the Securities and Exchange Board of India (Sebi) has notified norms that open more avenues to meet the minimum promoters' contribution (MPC). The market regulator has permitted promoter group entities and non-individual shareholders to contribute to the mandated promoters' contribution in the case of a shortfall without being identified as a promoter.
'We do not believe in fire sale. We don't do it.'
Anwar Ali, his current side East Bengal, and parent club Delhi FC on Thursday moved the Delhi High Court and sought a stay on the suspension imposed on the player.
The exit of WeWork from its India unit is unlikely to have an impact on the country's co-working real estate market, according to industry executives. The company last week received approval from the Competition Commission of India (CCI) to sell its entire 27.5 per cent stake in the India unit to Real Trustee Advisory Company. The majority of the stake (72.5 per cent) in WeWork India is owned by Bengaluru-based Embassy Group.
Feature for feature, bank FDs are indeed better than debt funds today, mainly thanks to Ms Sitharaman, notes Debashis Basu.
The cyclone ravaged adjacent coasts of the state and Bangladesh between Sagar Island and Khepupara, near the southwest of Mongla in the neighbouring country, after its landfall process began at 8.30 pm on Sunday.
Aam Aadmi Party leader Manish Sisodia, arrested in the Delhi excise policy case in February last year, on Tuesday told a Delhi court hearing his bail petition that no purpose will be served by keeping him in jail any further.
The CPI-M leader was the chief minister of the state from 2000 to 2011.
The federal agency had arrested 46-year-old Kavitha, the daughter of former Telangana chief minister K Chandrashekar Rao, from her Banjara hills residence in Hyderabad on March 15.
A court in New Delhi on Thursday extended the Enforcement Directorate custody of Delhi Chief Minister Arvind Kejriwal till April 1, saying the agency provided 'sufficient reasons', such as the need for him to be confronted with material collected and statements recorded, to permit his further custodial interrogation.
In a blow to Kejriwal ahead of the Lok Sabha polls, the Delhi high court had on Tuesday upheld his arrest in the money laundering case, saying the Enforcement Directorate (ED) was left with "little option" after he skipped repeated summonses and refused to join the investigation.
When it comes to the Congress and Wayanad, the only way the scepticism in the minds of some in Kerala may be addressed is by the Gandhi family proving that they are more than a passing caravan in town, reports Shyam G Menon.
Why did the political system in the country react to these two decisions of the Modi government in a diametrically opposite manner? asks A K Bhattacharya.
A Delhi court has directed to preserve CCTV camera footage.
The Insurance Regulatory and Development Authority of India (IRDAI) has removed the age cap on buying health insurance policies, effective from April 1, 2024. Earlier, individuals were restricted to purchasing new insurance policies only until the age of 65. However, after the recent changes that have come into effect from April 01, 2024, anyone, regardless of age, is eligible to purchase a new health insurance.
The move by the insurance regulatory body aims to create a more inclusive healthcare ecosystem in India and to encourage insurance provider companies to diversify their product offerings.
Police on Wednesday also said the incident was not connected to a case involving a reputed gang killing in India, The Fresno Bee newspaper reported.
Billionaire Mukesh Ambani on Thursday unveiled the next phase of growth at Reliance Industries Ltd, with retail and telecom worth over $100 billion each, doubling revenues and pre-tax profit in 3-4 years, new energy business becoming profitable by 2031, and core oil and chemical business continuing to be the robust growth engine. The sprawling conglomerate with interests in refining, oil and gas, petrochemicals, telecom, retail, and media is on track to more than double in size before the end of the decade, Ambani, chairman and managing director of Reliance, told company shareholders.
Chief executive officers (CEOs) across sectors have expressed intentions to expand capacities, expecting the government's target to invest a record Rs 11.11 trillion on infrastructure development will act as a catalyst for a jump in consumer demand. "With the government planning a capex of Rs 11.11 trillion, private sector investment will come in a big way. Companies will be preparing for it right from today," H M Bangur, chairman of Shree Cement, told Business Standard. For the past few years, the investment scene in India has been dominated by government capital expenditures; private investments in the manufacturing sector have remained muted.
Special judge for Central Bureau of Investigation cases Kaveri Baweja took note of the charge sheet on Monday observing that there was sufficient evidence to proceed against her in the case.
Several Aam Aadmi Party leaders, including Manish Sisodia and Sanjay Singh, hit out at the BJP government at the Centre, saying agencies are targeting those who raised their voice against the ruling party.
Former West Bengal chief minister and a front-ranking Marxist leader Buddhadeb Bhattacharjee will go down in the country's history as a pragmatic communist who kept aside his ideological convictions to woo capital for the industrialisation of his state.
Prime Minister Narendra Modi on Friday said the world sees yoga as a powerful agent for global good as it helps people live in the present without carrying the baggage of the past.
From connectivity woes to infrastructure advancements and the startup boom, there is a gulf between claims and reality in India's economic landscape, points out Devangshu Datta.
John Abraham made news this week when it was revealed that he had bought property in Mumbai worth Rs 70 crore (Rs 700 million).
On June 26, for the likes of me, the music died. Any impression of potential change held forth by the outcome of the 2024 general election, was vaporised, reveals Shyam G Menon.
The remarkable event was made possible by Dr Jisha Varghese and her team at Renai Centre for Fertility and Reproductive Health, who successfully assisted in the complex fertility preservation treatment.
From the grounds of the Ram Janmabhoomi, the Rampath, Rajesh Karkera/Rediff.com captures scenes from the celebrations.
'The maximum struggle that I have gone through in this industry was to try to get a film made which had a female action star.' 'And that film never got made, despite reaching out to some of the biggest actresses.'
Thanks to a booming market, India now has more than 300 family offices, up from 45 in 2018, according to a PwC report. The number is expected to grow rapidly, with promoters establishing more businesses in Tier-II and Tier-III cities. Family businesses play a crucial role in India's booming economy, spanning manufacturing, retail, real estate, healthcare, and finance.
A bench of justices Sanjiv Khanna and Dipankar Datta, which granted interim bail to Delhi Chief Minister Arvind Kejriwal in the money laundering case linked to alleged excise policy scam, said section 19 of the PMLA, which gives power to arrest, puts stringent safeguards to protect life and liberty of individuals.
The high court, which perused the material collected by the investigating agencies, said Kavitha was prima facie involved in the payment of kickbacks in various processes and activities relating to proceeds of crime and in the commission of the offence of money laundering.
President Droupadi Murmu, Vice President Jagdeep Dhankhar, Chief Justice of India D Y Chandrachud, Congress leaders Sonia Gandhi and Rahul Gandhi and several other famous faces were seen at polling booths, exercising their franchise in the sixth phase of the Lok Sabha polls on Saturday.
A procession of barges will take nearly 7,000 athletes along the river past Paris's most famous landmarks, while more than 300,000 spectators will watch from the banks.
'The film industry has a lot of competition. You don't always get the roles you want.'
The notification came days after the Bombay high court declined to restrain the Centre from notifying the unit. The petition was filed by stand-up comedian Kunal Kamra and the Editors Guild of India.
The agency opposed Sisodia's bail plea before Special Judge Kaveri Baweja, who extended the judicial remand of the AAP leader till April 18 after he was produced before the court on the expiry of his custody.
'Modi is trying avenues to convince people why they should vote for the BJP.'
Housing sales in seven major cities rose 5 per cent annually to about 1.2 lakh units during the April-June period, while demand fell 8 per cent from the preceding quarter on surge in prices, according to Anarock. Real estate consultant Anarock, which is one of the leading housing brokerage firm, on Thursday released the data of housing market for the current April-June quarter. In April-June 2024, housing sales across seven major cities are estimated at 120,340 units, up 5 per cent from 115,090 units in the year-ago period.
A bench of justices Sanjiv Khanna and Dipankar Datta referred to a larger bench, preferably of five judges, for in-depth consideration of three questions on the aspect of "need and necessity of arrest" under the Prevention of Money Laundering Act (PMLA).
