According to the government, the additional chief secretary of the state housing department is designated to sign an agreement with the Union government for the land lease transfer.
From the Sensex firms, Tech Mahindra, NTPC, Tata Steel, Maruti, Infosys, Power Grid, Larsen & Toubro, Axis Bank, Titan, Reliance Industries, Wipro and Mahindra & Mahindra were the biggest gainers. Sun Pharma, UltraTech Cement, Tata Motors, Kotak Mahindra Bank, Bajaj Finance, State Bank of India and Nestle were among the laggards.
Between April and September 2014, the central govt released Rs 13,618 cr to states, against Rs 24,676 cr in the same period last year.
The number of fresh formal jobs generated in a month increased to a seven-month high in April, signalling a recovery in the formal labour market in the country, according to the latest monthly payroll data released by the Employees' Provident Fund Organisation (EPFO) on Thursday. In April, the number of new monthly subscribers under the Employees' Provident Fund (EPF) sequentially increased by 18.77 per cent to 887,438 from 747,146 in March.
Sebi on Monday lifted restrictions imposed on 16 entities, including some former employees of Infosys, in a case pertaining to alleged insider trading activities in IT major shares. The regulator also directed that the prohibition slapped on six entities -- Amit Bhutra, Bharath C Jain, Capital One Partners, Tesora Capital, Manish C Jain and Ankush Bhutra -- through the interim order, along with the confirmatory order, will stand vacated with immediate effect, bringing an end to the matter. "I deem it fit to vacate the directions issued vide the interim order read with confirmatory order against noticees 2 to 7 and dispose of instant proceedings against all the noticees.
If Hindenburg or its partner do not join the investigation, then Sebi may pass an ex-parte order against it, which may be enforced as a foreign award in US courts.
Centre releases Rs1,712cr to TN, Rs 1,234cr to Karnataka for drought.
Funds parked by Indian individuals and firms in Swiss banks, including through India-based branches and other financial institutions, declined by 11 per cent in 2022 to 3.42 billion Swiss francs (nearly Rs 30,000 crore), annual data from Switzerland's central bank showed on Thursday.
Driven by inflows into Systematic Investment Plans (SIPs), the mutual fund industry's total assets under management rose to Rs 39.88 lakh crore in September from Rs 36.73 lakh crore in the year-ago period. On a monthly basis, the Assets Under Management (AUM) increased marginally from Rs 39.33 lakh crore in August. According to the latest monthly data from the Association of Mutual Funds in India (Amfi) released on Monday, the industry wide net AUM stood at Rs 38.42 lakh crore in September.
Firojiya, a first-time MP said that in order to motivate him to get fit, Gadkari had said that funds for development works would be only allocated to him if he loses weight.
The drying up of funds for a number of start-ups is affecting the firms' unicorn status across the globe. The past six months have seen the valuations of 147 unicorns drop, of which 71 were from the US and 29 from China, according to the latest Hurun Global Unicorn Index 2022. Eighty-one unicorns from across the globe saw their valuations drop below $1 billion-the threshold for a start-up to be labelled unicorn-from last year.
India's top pistol shooter Heena Sidhu is hoping funds sanctioned to her by the government as part of its TOP scheme for her Olympic preparations are released on time. "Going into the Olympics, I hope that the funds meant for my preparation will be released on time so that my training doesn't suffer. There are lot of paperwork, it's a long process normally. OGQ has been doing a lot too," Sidhu said on the sidelines of an event in New Delhi on Thursday. The current world record holder and former world No. 1 secured an Olympic quota for the country in January after she led from start to claim gold medal in women's 10-m air pistol at the last Asia Olympic Qualifiers for Shooting. Asked about her preparation, she said," I am just following the process. This is not the time to make changes in your game. There will be a test event in Rio in April, and I will get an understanding after that if I need to make any minor adjustments or not. The climate in India and Brazil are similar."
But the atmosphere is now conducive for the Mahayuti to continue in power in Maharashtra thanks to the government's people-centric schemes, while the opposition Maha Vikas Aghadi (MVA) is giving promises that it cannot execute, he said.
'What is Balaji without Ekta (Kapoor), what is Dharma without Karan (Johar?)'
In what is amongst the first focused fund in the space, India Media Entertainment Fund (IMEF) is raising Rs 500 crore, which will provide both equity as well as instruments like non-convertible debentures (NCD) to companies in the content, distribution platform and services areas. The private equity fund has appointed a high-profile advisory body which includes ad guru Prahlad Kakkar, managing director of Red Chillies Entertainment and cricket team KKR Sports, actress and entrepreneur Raadhika Sarathkumar, who has starred in Malayalam, Hindi and Kannada films and runs Radaan Mediaworks. It also includes Ramnath Pradeep, former chairman and managing director of Corporation Bank, and Rajesh Gupta, senior partner of law firm SNG Partners.
Local residents have stressed that land acquisition for rehabilitation must be completed promptly, as it has been delayed after estate owners challenged it in the Kerala high court.
The top court said it cannot order a roving inquiry into purchase of electoral bonds on the assumption that it was quid pro quo for award of contract.
Several exchanges are facing a cash crunch with committed investment not coming from venture capital funds and trading activity seeing a sharp decline, reports Rajesh Bhayani.
The ECI data covers 20,421 bonds worth Rs 12,769 crore. The ADR data, however, collated information on 27,811 bonds worth Rs 16,492 crore. The gap is nearly Rs 4,000 crore and involves over 7,000 bonds.
Moody's Investors Service on Friday warned that the rout in Adani Group shares could hurt the conglomerate's ability to raise capital, while its peer Fitch saw no immediate impact on its ratings. Adani Group's listed companies have lost over USD 100 billion in value in just over a week after short-seller Hindenburg Research's scathing report flagged concerns about the ports-to-energy conglomerate's debt levels and alleged stock manipulation, accounting fraud and the use of tax havens.
His cinema of compassion inspired me, gave me tools to develop empathy for others. But it also made me understand that serious, socially committed cinema with deeply engaging narratives and great performances is an art form to admire, appreciate and explore. Aseem Chhabra remembers Shyam Benegal, who passed into the ages on Monday evening.
Benchmark equity indices Sensex and Nifty slumped over 1 per cent on Friday, tracking a weak trend in global markets and fresh foreign fund outflows. Falling for the third day running, the 30-share BSE Sensex tumbled 1,017.23 points or 1.24 per cent to settle at 81,183.93.
Equity mutual funds attracted Rs 8,898 crore in July, a 43 per cent decline compared to the preceding month as markets continued to remain volatile amid concerns over inflation and rate hike expectations. For the 17th straight month, equity mutual funds witnessed inflows in July. The net inflows in July were lower compared to Rs 15,495 crore seen in June, Rs 18,529 crore in May and Rs 15,890 crore in April, according to data released by Association of Mutual Funds in India (Amfi) on Monday.
Andhra Pradesh Chief Minister N Chandrababu Naidu and his Telangana counterpart Revanth Reddy visited some inundated areas in their respective territories.
Singh, 31, and Rashid, 56, won the recent Lok Sabha elections from Khadoor Sahib in Punjab and Baramulla in Jammu and Kashmir, respectively, as Independents while being incarcerated.
'It was my job to read out their lines to the actors and make sure they spoke them with the right diction, accent and pronunciation. If you look at my photographs from the Sadma set, you will always find me with a file in hand, even when I am in my costume. While Kamal and Sridevi were diligent about their Hindi dialogue, Silk Smitha, while always respectful, was not too interested in her lines or my instructions.'
'This year overall hiring has seen a slight improvement as compared to the dip seen during the last financial year.'
The avoidable stresses and strains in ties helped in one way. It showed for the entire region how a matured India handled diplomatic relations, especially with a smaller and suspicious neighbour, with practised dignity and patience, unruffled by provocations in word, deed and action, observes N Sathiya Moorthy.
On the implementation of the old pension scheme, Baghel said Rajasthan and Chhattisgarh have written to the Central government to return the people's money with the National Pension System to implement the old pension scheme, but they refused.
Venkataramana Pittala from Telangana was driving a rented Yamaha personal watercraft (PWC) that collided with another PWC operated by a 14-year-old boy from the South Florida mainland on Saturday, according to the Florida Fish and Wildlife Conservation Commission (FWC).
A resurgence in Saudi Arabian supplies of crude oil to India coupled with an attack on an Iraqi tanker in August carrying crude to Europe may result in improved bargaining power for India with West Asian and Russian suppliers for winter supplies. Shipments of Saudi oil rebounded in September from August, surging to the highest since March while Russian oil shipments rose marginally as Saudi Arabia tried to claw back market share in Asia, according to industry sources and ship tracking data.
Regulator Sebi on Friday approved a slew of measures to further improve the ease of doing business for market participants, including providing relaxations to Foreign Portfolio Investors (FPIs) and entities looking to raise funds through initial share sale. The proposals were cleared by the Sebi board during its meeting on Friday.
From the Sensex basket, Tata Motors, State Bank of India, Tata Steel, Power Grid, NTPC, Bajaj Finserv, Bajaj Finance and Asian Paints were the major laggards.
Unlike the previous visit, where TDP MPs accompanied Naidu to meetings, sources termed the current visit as "low profile", with one-on-one meetings with key Union ministers.
Pakistan has summoned India's charge d'affaires in Islamabad to the ministry of foreign affairs and handed over a demarche to him conveying Islamabad's strong condemnation of the framing of "fabricated charges" against Kashmiri separatist leader Yasin Malik.
According to an Andhra government statement, Naidu 'reposed confidence' in the PM's leadership.
Passenger vehicle retail sales in India witnessed a 10 per cent on-year jump in July driven by new model launches and enhanced discounts, industry body FADA said on Monday. Total passenger vehicle retail sales rose to 3,20,129 units in July, as compared to 2,90,564 units in July 2023. "Dealers reported benefits from good product availability, attractive schemes, and a wider range of products," the Federation of Automobile Dealers Associations (FADA) vice president C S Vigneshwar said in a statement.
While Andhra Pradesh is expected to receive Rs 15,000 crore to Rs 20,000 crore, Bihar is likely to get Rs 5,000 crore to Rs 10,000 crore in FY25.
'If the majority falls short of expectations, it may prompt initial adjustments in investor sentiment.'
Lashing out at Abdullah and Mehbooba Mufti, Rashid on Wednesday alleged that they have "destroyed" Kashmir.
