Proxy advisory firm IiAS has recommended that institutional investors should vote against the appointment of Anant Ambani on Reliance Industries Ltd's (RIL's) board, citing his age as the reason. The firm has, however, given its green light to the appointment of Anant's elder siblings - Akash and Isha. In its recommendation note, IiAS said, "At 28 years of age, his appointment as a non-executive, non-independent director does not align with our voting guidelines."
The ED's counsel also contended that Kavitha was a co-conspirator and a beneficiary of the excise "scam" and the proceeds of crime were directly going to her.
India failed to extract the 'price' from Pakistan for its Kargil misadventure.
The price could have been military in terms of loss of territory/soldiers/equipment or destruction of terrorist training infrastructure. Giving a 'face saving' option to Pakistan proved disastrous for the future, asserts Colonel Anil A Athale (retd).
India on Sunday said it is seriously concerned over escalating hostilities between Israel and Iran, and called for immediate de-escalation of the situation.
The Delhi high court has imposed costs of Rs 1 lakh on a man who made Lord Hanuman his co-litigant in a plea concerning the possession of a private land having a temple of the deity.
It was Obama's eighth and final address to the UN General Assembly as the US President
Prime Minister Narendra Modi on Tuesday came out strongly against Pakistan for continuing its proxy war of terrorism against India, saying it has lost the strength to fight a conventional war.
'It is over and I can clearly state without fear of being contradicted that Maradona has never been a tax evader.'
Pakistan is a "haven" for several Islamist terror groups and successive Pakistani governments are widely believed to have supported some outfits as proxies in the country's conflicts with its neighbours including India, a US Congressional research report has said.
Pakistan President Pervez Musharraf, Commander of 4 Corps (Lahore) Lt Gen Mohammed Aziz and Chief of General Staff Gen Mohammed Yusuf had run a proxy war in Jammu and Kashmir in the early 1990s, a new book has claimed.
The National Company Law Tribunal (NCLT) on Tuesday admitted a fresh petition filed by a Zee Entertainment Enterprises Ltd shareholder seeking enforcement of the now-cancelled merger deal between ZEEL and Sony. The Mumbai bench of NCLT also directed Sony Pictures Network India, now known as Culver Max, to file a reply within three weeks and fixed the next date of hearing on March 12. On January 21, Sony Group Corp (SGC), the Japanese parent company of Sony Picture Network India (SPNI) and BEPL, announced the termination of the $10 billion merger agreement with ZEEL, while seeking $90 million for breach of conditions besides initiating arbitration.
Three leading domestic voting advisory firms are not on the same page over the proposed demerger and separate listing of ITC's hotel business, ITC Hotels. Institutional Investor Advisory Services (IiAS) has recommended a vote "against" the resolution, while InGovern and Stakeholders Empowerment Services (SES) have advised their clients to vote in favour. Voting on the resolution is currently underway.
'Generating employment requires a shift in policy.' 'If not, the country will face economic, social and political challenges in the coming years.'
'Five months after the elections in February 2024, the Pakistan army has not been able to break Imran Khan's resolve and break his political party.'
If the BJP gets only 200 seats and wants to remain in power, Modi will have to make way -- either for a proxy of his choice, or for an internal rival, predicts Nilanjan Mukhopadhyay.
Among the many reasons to watch Murder In Mahim is that it may be a chance to wipe out -- if it is achievable by a Web series -- the air of judgment towards those who do not conform to the majority's idea of normal, asserts Deepa Gahlot.
The Indian diplomatic missions in Israel and Iran on Sunday issued fresh advisories for its nationals after Tehran launched an unprecedented drone and missile attack on the Jewish state, advising them to stay calm, adhere to safety protocols along with activating additional helpline numbers.
The current instability in the world is a result of long term systemic and socio-politico problems, points out Colonel Anil A Athale (retd).
Accusing Pakistan of continuing to support "proxy war" in Jammu and Kashmir despite suffering casualties due to terror on its soil, Army Chief Gen Dalbir Singh on Tuesday said threats and challenges have been growing because of the "active borders".
Commodity investments can help you diversify your portfolio in asset classes other than equity and debt, says Dwaipayan Bose.
Stakeholders' Empowerment Services (SES) has advised Diageo to renege on its deal with United Spirits (USL) chairman Vijay Mallya.
Proxy advisory firm Institutional Investor Advisory Services (IiAS) has asked independent directors of Raymond Ltd to consider appointing an interim CEO and investigate the allegations of assault by its chairman and MD Gautam Singhania on his wife and daughter, and the use of company funds for personal benefit. In an open letter to the company's five independent directors, IiAS also suggested they ask Singhania and his estranged wife Nawaz Modi, also a board member, to take time off from their responsibilities as board members. The five independent directors to whom the letter was addressed are Mukeeta Jhaveri, Ashish Kapadia, Dinesh Lal, K Narsimha Murthy, and Shiv Surinder Kumar.
The Congress on Thursday said the country will give a befitting reply to the tears of the wrestlers who sought justice from the BJP government.
The new Samvat 2080 is viewed as a year of hope for industrial and precious metals. A key reason is the expectation of US interest rates peaking, followed by a reduction in the coming months. Regarding crude oil, its trajectory depends more on how the situation unfolds in West Asia.
A step away from nuclear weapons being used in conflicts, warns Colonel Anil A Athale (retd).
At Thamnapokpi under Moirang constituency in Bishnupur district, armed men fired several rounds in the air near a polling booth prompting voters to flee, police said on Friday, adding additional security personnel were rushed to the spot to contain the situation.
National Conference (NC) vice president Omar Abdullah Friday challenged the Bharatiya Janata Party to contest Lok Sabha polls in the Kashmir Valley, saying he will quit politics if the national party's candidates do not lose their security deposits.
Hospital chain Aster DM Healthcare's plans to sell its Gulf business may run into rough weather with voting advisory firm Institutional Investor Advisory Services (IiAS) raising concerns over the transaction. Recommending an 'against' vote on the resolution, IiAS has said there is no clarity on how Aster DM will utilise the proceeds that it will obtain by selling the unit, which contributes to bulk of its revenues. In November, Aster DM had announced its plans to sell its wholly-owned subsidiary Affinity Holdings, which conducts business in the Gulf Cooperation Council (GCC) region, to Alpha GCC for $1 billion.
According to a notification issued by the ministry, the JKGF has been involved in infiltration bids, narcotics and weapon smuggling, terror attacks in the Union territory, and threats to security forces.
The action, announced by Union Home Minister Amit Shah, is a response to the group's involvement in fomenting terrorism and spreading anti-India sentiment within the Union territory of Jammu and Kashmir.
The mass exodus of the Kashmiri Pandit community changed the very cultural ethos of Kashmir and there has been little turnback despite three decades having gone by since it got triggered by growing fundamentalism fuelled from across the border, Supreme Court judge Justice Sanjay Kishan Kaul said on Monday.
The best-case scenario is that the BJP will top out at around 50 seats in UP -- a drop of 12 from the 62 it had won in 2019. Taken in tandem with Maharashtra and Karnataka, this is what is likely to put paid to the BJP's ambitions of a third term for Modi, argues Prem Panicker.
It is in power on its own only in three states -- Karnataka, Himachal Pradesh and Telangana -- with a big question mark on whether it can even stake claim to be head of the INDIA bloc.
Citing a Tamil daily's reportage, Union Finance Minister Nirmala Sitharaman on Sunday alleged that the Tamil Nadu government administered temples have barred puja for Lord Ram on the day of the consecration of the grand temple in Ayodhya, which was dismissed by the state as a false news with ulterior motives.
The Indian economy is likely to post better than anticipated growth in the second quarter (July-September) owing to robust urban consumption and expansion in services, a Business Standard analysis of high-frequency indicators showed. While gross domestic product growth in the September quarter is expected to come below the 7.8 per cent print in the June quarter due to a favourable base fading, analysts say the print will be much closer to 7 per cent than the 6.5 per cent anticipated earlier. While the Reserve Bank of India (RBI) had estimated 6.5 per cent growth for July-September, last month Governor Shaktikanta Das said the growth figure would surprise on the upside.
Union Home Minister Amit Shah said Prime Minister Narendra Modi government's message is loud and clear that anyone acting against the unity, sovereignty, and integrity of the nation will not be spared and face the full wrath of the law.
About 416 Myanmarese soldiers crossed over to India in view of the situation arising out of the fighting between Myanmar's armed ethnic groups and the government forces, and Indian military is 'closely watching' the unfolding developments, Army Chief General Manoj Pande said on Thursday.
Independent directors of Raymond Ltd on Friday said they are monitoring the situation arising out of the matrimonial dispute of company's Chairman and Managing Director Gautam Singhania to ensure it does not affect his capacity to manage the affairs and business of the firm. In a joint communication shared on BSE by the company, the independent directors also said they have decided to retain Berjis Desai, a senior independent legal counsel, who has no links with promoters or the company, for advising them.
The Quad summit to be hosted by India in 2024 is likely to enhance New Delhi's strategic intent.
Aijaz Ahmad, presently based in Afghanistan, is one of the chief recruiters of Islamic State Jammu and Kashmir.
