In other big movements, Punjab Kings have released their last edition's captain Mayank Agarwal, while West Indies skipper Nicholas Pooran was released by Sunrisers Hyderabad.
The turmoil, if you read the headlines, is about the so-called funding winter. Deep down, though, the question is one of the common direction in which founders and investors need to pull, points out Suveen Sinha.
The CBI has filed a fresh case against absconding diamantaire Mehul Choksi, wanted along with his nephew Nirav Modi in a loan fraud case of Rs 13,500 crore, for allegedly inflating the value of diamonds and jewellery pledged to get Rs 25 crore loan from IFCI, officials said on Monday. The CBI has booked Mehul Choksi, his company Gitanjali Gems and valuers Surajmal Lallu Bhai and Co, Narendra Jhaveri, Pradip C Shah and Shrenik Shah, they said. The central agency has acted on a complaint from Industrial Finance Corporation of India (IFCI) Ltd alleging that Choksi had approached it in 2016 seeking Rs 25 crore working capital loan for which he had pledged shares and gold and diamond jewellery.
Customs officials are busy at ports and airports, scanning passengers to ensure that COVID-19 virus-affected people are traced. So, officials are not able to focus much on baggage checking. This could lead to more gold getting smuggled into the country as luggage check at airports is now random unlike earlier where every bag was checked thoroughly.
As the fierce contest between estranged saffron allies Shiv Sena and the Bharatiya Janata Party to win the BMC continued, Maharashtra BJP president Raosaheb Danve Thursday said his party may be able to rule the cash-rich body with the support of some independents.
In the context of market integrity, the IRAI and RBI should go over the minutes of the LIC and SBI board meetings when the decisions to invest in Adani equity or debt were taken, notes Jaimini Bhagwati, former World Bank treasury professional.
'If I were to say, I had the best vegetarian food in my life in Vietnam, nobody would believe me.' 'When I proclaimed this to my friends, they didn't believe me. I had to show them the pictures and make them drool!!'
Kings XI Punjab put the brakes on their summer of discontent as they notched up a convincing seven-wicket win over defending champions Mumbai Indians in the Indian Premier League (IPL).
Table-toppers Mumbai Indians will be itching to avenge their double defeat against Rising Pune Supergiant in the league stage when the two teams face-off in Qualifier 1 of the Indian Premier League in Mumbai, on Tuesday.
Chennai and Mumbai have to win eight of their remaining 10 games to entertain hopes of making the play-offs in IPL 2022.
'What would a composite of Dawood, Rajan, and Arun Gawli be like?' 'What if an absconding mafia boss were to land in Mumbai tomorrow, tired from all the running, and tender his final apology to the city by narrating his story and narrating it with brutal honesty?' Sreehari Nair watches Sacred Games.
The Enforcement Directorate (ED) has issued fresh summons to Shiv Sena MP Sanjay Raut asking him to appear on July 1 for questioning in a money laundering case linked to the re-development of a Mumbai 'chawl' and other related financial transactions involving his wife and friends, officials said.
A special PMLA court here, while taking cognisance of a charge sheet filed against former policeman Sachin Waze and others in an alleged money laundering case, has said the money trail prima facie indicates that former Maharashtra home minister Anil Deshmukh received Rs 4.7 crore from Waze and his aide Kundan Shinde.
Analysts say that PMC Bank case is only going to make matters worse for HDIL and the Wadhawans.
When Kapil Dev lifted the 1983 World Cup at the Lord's balcony, the erstwhile BCCI president and one of the powerful ministers in the Indira Gandhi cabinet, late NKP Salve had a different worry.
'Did the Moneyball philosophy get redefined in the domain of the cash-rich IPL, which has become an integral part of the cricketing ecosystem?' asks Atanu Biswas.
'After household expenses, we are left with nothing...' 'Sometimes I think it is better to shut the store...'
Sidhu Humanabade was passing by when he saw smoke billowing out from the upper floors of the ESIC Kamgar Hospital in Andheri. He left his bike and asked the firemen if he could join them in the rescue operation.
Prime Minister Narendra Modi launched a scheme to tap a pool of over 20,000 tonnes of gold held by households and temples.
The IPL 2022 player retention witnessed interesting action as some franchises generously splurged cash on their trusted players as others helplessly watched their top players walk away.
While the likely intensity of the third wave is still a matter of debate, wisdom lies in being financially prepared for it, advises Bindisha Sarang.
On Monday, the fifth Air India flight landed in Delhi from Bucharest with 249 Indian nationals while the sixth flight arrived from Budapest here with 240 Indian nationals, the officials said.
Kolkata Knight Riders' batting woes continued as they went down to Rajasthan Royals by six wickets and suffered their fourth straight defeat in IPL 2021.
Mumbai Indians will have their task cut out when they lock horns with Chennai Super Kings.
It is a 'very disturbing' scenario in Maharashtra where former police commissioner Param Bir Singh does not have faith in his own force and the state government has no faith in the Central Bureau of Investigation, the Supreme Court said on Tuesday.
'The message the BJP is sending is that they are in no way responsible for Uddhav's downfall and it was only Shinde who is to be blamed.'
The Indian authorities have to reconfirm that Prabhakaran is dead. It may require seeking assistance from Interpol and also involve the re-opening of the Rajiv Gandhi assassination case, and more so, the investigations, formally or otherwise, asserts N Sathiya Moorthy.
While there was a sharp drop in footfalls in malls in H1FY21, there was reasonable recovery in H2. However, the second wave derailed the recovery.
'Domestic will remain very much the core of what IndiGo is.' 'But the emphasis in our next growth phase is going to be on the international side.'
SpiceJet, India's second-largest private airline, kicked off the process of hiving off its logistics business to its subsidiary SpiceXpress as it looks to raise much-needed capital. On Tuesday, the company sought its shareholders' approval to complete the process and to raise up to Rs 2,500 crore via a qualified institutions placement (QIP). It is in talks with multiple private equity investors as it tries to sell shares in the logistics arm to raise money.
On November 8, Sharma's wife Kiran, who was pregnant, was admitted to the nursing home for tests, including sonography. She was expected to deliver a baby around December 7. On November 9, Kiran went into labour prematurely and gave birth to a boy at home before she could be taken to hospital. Afterwards the mother and the boy were rushed to the nursing home.
The sale is to generate the bail money for the release of Sahara Group chief Subrata Roy.
Hindustan Zinc (HZL), a subsidiary of Vedanta, announced an interim dividend of Rs 21 per share last week, resulting in an outflow of Rs 8,863 crore. The announcement has turned the spotlight on India Inc's dividend-paying policy - more so for reasons driving the generosity of firms. An analysis of BSE 500 companies by Business Standard Research Bureau shows that some of the top 20 dividend-paying companies in 2021-22 (FY22) include Vedanta, Tata Consultancy Services, HZL, Oil and Natural Gas Corporation (ONGC), Indian Oil Corporation (IndianOil), Hindustan Unilever (HUL), Reliance Industries (RIL), and Bajaj Auto, among others.
A look at the top five batters, who are expected to make a difference in IPL 2022:
Finance Minister Nirmala Sitharaman has said the recent interest rate hike by the Reserve Bank was not surprising for her but the timing was, asserting that the rising cost of funds will not impact the government's planned infrastructure investments. For the first time since August 2018, RBI had on May 4 delivered a blunt 40 basis points increase in key repo rate to 4.40 per cent, and also hiked the cash reserve ratio by 50 basis points to 4.5 per cent after an unscheduled meeting of the rate setting panel, citing increased inflation pressures following the Ukraine war and the resultant spike in crude oil prices. Retail inflation printed at 6.9 per cent in March and the April reading is forecast to top 7.7 per cent.
If not now, when, asks Virendra Kapoor.
Two aborted missions, three different ministers, multiple rule changes and two decades later, Indian taxpayers will no longer have to pay Rs 20 crore per day to keep the loss-making Air India flying. While opposition Congress expectedly attacked the decision as selling the family silver, DIPAM secretary Tuhin Kanta Pandey said what Tata is getting is not a cash cow but an airline which is bleeding where money needs to be pumped in to refurbish obsolete aircraft and dust up strangled ones while being unable to touch any employee for one year and only be able to resize staff after paying a VRS. "It won't be a very easy task there. Only advantage is they (new Air India owner) are paying the price which they think they can manage. "They are not taking the excessive debt accumulated to fund years of losses. We are continuing it as an ongoing concern.... This process has also saved huge amount of taxpayers money going forward," Pandey told PTI.
Salam, who hails from Kulgaam district, was picked up by Mumbai Indians for his base price of Rs 20 lakh.
Just a few weeks ago, Communications Minister Ashwini Vaishnaw did some tough talking with the senior managers of Bharat Sanchar Nigam Ltd, the ailing state-owned telecom service provider. The message was clear: They had to perform, quit by taking the voluntary retirement package or be compulsorily retired from service. The terse message from an otherwise polite and soft-spoken minister came just days after he announced a second and bigger package of Rs 1.64 trillion as part of a four-year turnaround plan for BSNL.
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