The Allahabad High Court has ordered the immediate release of a man sentenced to 22 months in civil prison for failing to pay maintenance to his wife, highlighting legal interpretations of maintenance enforcement.
Rohit Arya, who had released a video statement during the hostage drama that went on for about an hour, was shot dead by the police when he tried to harm the children with an air gun and later died at hospital, an official said.
'We will see whether there were losses or not, and whether the war aims were achieved. When the truth comes out, some may well be surprised,' says Dassault CEO.
Indian players made a positive start at the ATP Nottingham Challenger event as Somdev Devvarman recorded victory in singles while Divij Sharan and Purav Raja advanced to the doubles quarter-finals in Nottingham.
Indian Davis Cupper Rohan Bopanna and Frank Moser cruised into the doubles semi-finals of the Italy ATP Challenger event while Purav Raja and Sadi Kadir progressed to the quarter-finals of the Almaty Cup in Kazakhstan. The third seeded pair of Bopanna and Moser of Germany beat British duo of Jamie Delgado and Jamie Murray 6-3, 6-3 in the second round of the euro 64,000 clay-court event.
The Securities and Exchange Board of India (Sebi) has asked fund houses operating smallcap funds with a large corpus to share data on their holdings in the total free float of smallcap stocks, according to sources. This is part of the stress tests that the regulator wants fund houses to undertake amid a surge in inflows into smallcap schemes and growing concerns about valuations. Free float refers to the quantum of freely available shares for trading on the stock market.
Automotive (auto) major Mahindra & Mahindra (M&M), which is readying to launch nine sport utility vehicles (internal combustion engine/ICE), seven Born Electric Vehicles (BEVs), and seven light commercial vehicles by 2030, has outlined an investment of Rs 27,000 crore in its auto business between 2024-25 (FY25) and 2026-27 (FY27). Over the next three years, the company will deploy Rs 37,000 crore, including its auto business, farm business (Rs 5,000 crore), and service business (Rs 5,000 crore).
In an interview with Business Standard, days before the announcement of the Railway Budget for 2011-12, Financial Commissioner Samar Jha hopes that the railways would tide over the crisis soon, as the impact of the Sixth Pay Commission recomendations dissipates and earnings improve. Edited excerpts:
Despite the AAP cutting into its votes, the Congress still polled 27 per cent votes and won 17 seats.
Prakash Amritraj and Harsh Mankad are one step away from winning ATP challenger Tour's doubles titles, having reached the final of different events along with their respective partners.
'The focus needs to shift towards the ability to collect payments, particularly in tier-3 to tier-4 areas where acceptance is still lacking.'
Ride-hailing major Ola on Wednesday said it will launch its electric two-wheeler range in New Zealand. This will help support the New Zealand government's goal of bringing on road 64,000 new electric vehicles by the end of 2021, while also helping the public sector become carbon neutral by 2025, Ola said in a statement. According to the industry sources, the company plans to launch the range in New Zealand over the next 6-9 months.
Family philanthropy has proven resilient throughout the pandemic and grew to nearly Rs 12,000 crore in fiscal year 2020, accounting for almost two-thirds of the rise in private sector funding since FY19, says a report. According to the India Philanthropy Report 2021, co-created by Bain and Company and Dasra, funding from family philanthropy has tripled its corpus, growing to nearly Rs 12,000 crore in FY 2020. As per the report, in FY 2020, private-sector funding which stems from four sources including foreign, corporate, retail, and high-net-worth individuals (HNIs) or families totalled about Rs 64,000 crore and 20 per cent of this came from family philanthropy. While foreign contributions account for a quarter of all funding, domestic corporation donations also known as Corporate Social Responsibility (CSR) account for 28 per cent and retail investors account for another 28 per cent.
Collectively, the pack of 12 has posted a 50 per cent rise in profits -- Rs 25,685 crore. On a quarter-on-quarter basis (that is, September over June), the rise is 68 per cent. Public sector banks have never had such a stellar performance, explains Tamal Bandyopadhyay.
Several critics including some rating agencies have doubted prospects of meeting this ambitious fiscal deficit target.
this move by the government is likely to iron out the current challenges for the NBFCs and in turn help the real estate sector.
A summary of sports events and sports persons, who made news on Friday
In spite of Mukesh Ambani, Gautam Adani, the Poonawallas and many other Indians seeing a jump in their net worth in the pandemic-hit 2020, overall wealth of the country's super-rich dipped 4.4 per cent to $12.83 trillion in the year due to the rupee's fall, and so did their tally, says a report. The number of dollar millionaires in India fell from 7,64,000 in 2019 to 6,98,000 solely because of the rupee's fall, while their cumulative wealth stood at $12.833 trillion, down $594 billion or 4.4 per cent from the previous year, according to the report by Credit Suisse Research Institute. The country is home to just 1 per cent of the global rich, whose number rose by 5.2 million to 56.1 million in the COVID-hit year. However, the report expects the number of millionaires in India to soar 81.8 per cent to 1.3 million by 2025.
Experts attribute this to new launches in anticipation of a demand revival after the 2014 general elections.
Here's the full text of President's Ram Nath Kovind's address to the joint sitting of both houses of Parliament on the first of Budget Session 2022.
Hard and unpopular decisions are needed - not just another round of financial repackaging to sort out the discom mess.
"This will be the first dinner for a foreign dignitary at the White House under this administration. So, we think that's very significant," a senior administration official told reporters at the White House on the eve of Modi's arrival.
Ironically, bad loans and non-performing assets are on the rise in public sector banks in India, say sector watchers.
Price, specifications, features and all that you need to know about Apple's hot new 10th anniversary phone.
Sector added only 200,000 employees in FY16, down from 230,000 in FY15
Did you know that India is among the top five countries in food processing?
The finance minister hiked the total defence expenditure from Rs 203,672 crore in FY 2013-2014 to Rs 229,000 crore for FY 2014-2015. Though the increase appears substantial, it is insufficient to undertake the military modernisation necessary to meet the emerging threats, feels Brigadier Gurmeet Kanwal (retd).
India is experiencing jobless growth and skepticism abounding that the country may not be able to cash in on its demographic bonus
Engineering student Hemanth Joseph, who bypassed Apple's activation lock, is now the poster boy for a young community of ethical hackers.
Srinivas Bhogle and Purnendu Maji analyse Week 1 in Rediff.com's Most Valuable Players ratings.
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