In all this, the political establishment -- and especially the finance ministry -- appears the weakest link, and worse still, the possible reason for the political backing to Narain and Ramkrishna that emboldened them to defy all the sentinels -- the independent board, the auditors, top management persons like the chief compliance officer, the company secretary, and unbelievably the super-regulator Sebi, observes V Ranganathan.
In one of the worst school shootings in American history, an 18-year-old gunman has killed 21 people, including 19 children, and two adults at an elementary school in Texas state, with an emotional President Joe Biden urging lawmakers to 'turn this pain into action' to control the powerful gun lobby.
This was the first time in 15 years that a President took a train ride. Kovind has also become the first President not to travel on a presidential saloon car.
Apart from being the most successful cases under the IBC, Bhushan Steel and Essar Steel are among the best steel assets in the country. They also ended up helping their lenders get back a significant chunk of the money while allowing Tata Steel to consolidate its position and giving the world's two largest steel makers - ArcelorMittal and Nippon Steel - a strong foothold in India. A significant contrast was the pace at which these two cases were resolved under the bankruptcy code. In the annals of the Insolvency and Bankruptcy Code (IBC), Essar Steel may go down in history as the most noticeable resolution with the world's largest steelmaker, ArcelorMittal, and the incumbent, Ruia family, locked in an intense battle spanning more than two years and ultimately resulting in full recovery of the principal amount for the financial creditors.
Keep your mobile number and e-mail updated. When you receive the weekly report on cash holdings, check to ensure there is no discrepancy between the amount you have kept with the broker and what the latter has reported, advises Sanjay Kumar Singh.
Benchmark stock indices Sensex and Nifty tumbled nearly 1 per cent on Wednesday due to profit booking in banking, financial and IT stocks after a recent rally. The 30-share BSE Sensex plunged 537.22 points or 0.94 per cent to end at 56,819.39 as 24 of its stocks declined. During the day, it tanked 772.57 points or 1.34 per cent to touch a low of 56,584.04. The broader NSE Nifty declined by 162.40 points or 0.94 per cent to 17,038.40 with 39 of its constituents ending in the red. Bajaj Finance was the biggest loser among Sensex stocks, dropping by 7.24 per cent.
The first step for any move forward will be the UK government's review of lockdown restrictions due on May 7.
Phone sex is a safe and easy way to keep the spark in a relationship alive and remain free from infection, says Solene Paillet.
Modi called for timely evacuation of those involved in off-shore activities.
sharper-than-expected economic recovery back home, analysts say, can fuel a further rally in domestic cyclicals, industrials, and financials as global central banks continue with their easy money policy.
Doval also met his Afghan counterpart Hamdullah Mohib and discussed issues of mutual interest, according to Tahir Qadiry, the charge d'affaires in Afghan embassy in New Delhi.
President Biden underscored that the United States will 'continue to stand up for its interests and values and, together with our allies and partners, ensure the rules of the road for the 21st century advance an international system that is free, open, and fair', the White House said in a readout of the meeting.
It is a mistake to believe that children are unaware when parental battles happen behind closed doors.
India has got the second set of Swiss bank account details of its nationals and entities under the automatic exchange of information pact with Switzerland, marking a key milestone in the government's fight against black money allegedly stashed abroad.
The motive of the accused was not known immediately.
'Some of us are overweight, some underweight, some too tall, some too short, some too fair, some too dark, but that's no reason to get bogged down by society's rules about what fits.'
India believes no country would emerge victorious in the Russia-Ukraine war as all will suffer losses and there will be a "more serious" impact on developing and poor countries, Prime Minister Narendra Modi said on Monday after holding talks with German Chancellor Olaf Scholz as both leaders reiterated the need for an immediate cessation of hostilities.
'Pakistan was very mature in the way it dealt with the incident.' 'India too owned up to the accident.' 'The whole incident was resolved quite amicably.' 'Both countries should be proud of how they have handled this situation.'
Industry estimates over 30 tonnes of gold were sold on Akshaya Tritiya this time.
The 10 IPL franchises have so far spent above Rs 388 crore collectively
Investing merely on the basis of past return can land you in trouble even in debt funds, a supposedly safe asset class, suggests Sarbajeet K Sen.
India is among 75 countries with which Switzerland's Federal Tax Administration has exchanged information on financial accounts within the framework of global standards on Automatic Exchange of Information.
The Taliban's main challenge comes on the financial and economic front and there Pakistan doesn't have the capacity to be of any meaningful help, observes Ambassador M K Bhadrakumar.
'During Congress rule, the government used to get both the fishermen and the boats released whenever the Sri Lankan navy apprehended them.' 'Under BJP rule, only the fishermen are being released.'
Viswanathan Anand's wife Aruna was not able to step out to help those affected by the floods in Chennai. So here's what she did.
The virtual meeting comes in the midst of some disquiet in Washington over India's position on the Ukraine crisis as well as its decision to procure discounted Russian oil.
A round-up of Wednesday's action in the UEFA Champions League.
Siddiqui's body was taken to the graveyard where it was buried around 10.15 pm. There was a sea of mourners at the burial site to pay their respects.
Gloves, masks, vitamin C, wet wipes and sanitisers are the new essentials you have to move around with.
Biden's lengthy remarks on Afghanistan contained no condemnatory references to the Taliban, observes Ambassador M K Bhadrakumar, who played a stellar role in beginning India's systemic dealings in Afghanistan in 1994.
A summary of Wednesday's action at the US Open on Day 3.
Oil prices jumped nearly $3 a barrel and gold and safe-haven bonds rallied on Friday after the killing of top Iranian commander Qassem Soleimani in an airstrike by the US in Baghdad.
This is not an election Budget in the sense that I might target the voter in the coming elections. But if you look beyond this round of state elections, and tilt the periscope to graze at the more distant horizon, see how the Narendra Modi government wishes things looking by the summer of 2024, observes Shekhar Gupta.
'We are patriots who love India and the secular ideals it has always upheld.'
Sun Pharma was the top loser in the Sensex pack, shedding 2.37 per cent, followed by HCL Tech, Reliance Industries, IndusInd Bank and L&T.
From the appointed date, the authorised capital of the private sector bank would stand altered to Rs 5,000 crore and the number of equity shares at 2,400 crore having face value of Rs 2 each.
The Supreme Court on Monday asked the Centre that it may consider tweaking the protocols for the burial of bodies of COVID-19 victims in a way that essential tenets of the Zoroastrian belief are also taken care of.
Paine stood down after Melbourne's Herald Sun newspaper published alleged text message exchanges between him and an ex-Cricket Tasmania employee, claiming the co-worker had complained that he had sent an unsolicited picture of his genitals.
Scams happen with high regularity because the price of getting caught is insignificant. Aggrieved investors run from the police to already clogged courts to find redress for issues for which financial regulators have been specifically set up. For over 3,750 years we have known what to do, but we don't do it, observes Debashis Basu.
Arthritis, cancer, blindness, erectile dysfunction... smoking can have adverse effects on your overall health, warns Dr Harish Chafle, senior consultant-pulmonology and critical care, Global Hospitals, Mumbai.
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