Base metals major Hindalco's overseas subsidiary, Novelis, has submitted a draft registration with the US Securities and Exchange Commission (SEC) for the proposed public offering of promoters' shares. Novelis' sole shareholder, AV Minerals (Netherlands) NV, is a 100 per cent subsidiary of Hindalco. Novelis would not receive any proceeds from the sale. Assuming SEC clearance could go through in about 6 months.
'Rather than taking a very short-term view on the markets, equity investing should be premised on longer term growth opportunities.'
The group said it does not believe the open letter to Modi by the Constitutional Conduct Group -- the name of the association of former bureaucrats -- had "sincere motivations".
Yoga guru Ramdev on Wednesday blamed the Congress-led UPA government for "loot" and "corruption" in the country and said he was trying to build public opinion against it.
;The entire INDIA bloc, led by Rahul Gandhi, was against the bonds and they wanted the old system of cut money to rule over politics once again;
Municipal corporations penalise late property tax payments. 'Penalties can include attachment of properties, bank accounts, rent and other movable assets," says Anand Moorthy, co-founder, Square Yards.
The top court set aside the Delhi high court verdict of March 6, 2023, by which it had upheld an order of the Additional Chief Metropolitan Magistrate (ACMM) asking the Delhi Police to register an FIR in connection with an episode in web series, 'College Romance', against TVF, the show's director Simarpreet Singh and actor Apoorva Arora under the Information Technology Act.
In an apparent jibe at the opposition BJP in Maharashtra, Pawar said some people were getting anxious after losing power.
It has mostly been a one-way street for smallcap stocks that have taken it on their chin thus far in February. The Nifty Smallcap 250 index has shed 3.2 per cent in the current month as compared to the 1.8 per cent decline in the Nifty Midcap 100 and the 0.5 per cent drop in the Nifty 50 index, data showed. Technically, the index has slipped below its 20-day moving average (DMA) placed at 14,800 levels on Monday, and is currently testing the 50-DMA, and is placed at 14,278 levels.
The former teacher at the edtech firm shared with his students that his job has been terminated.
'Genuine mistakes can and must be forgiven,' argues Vivek Gumaste.
The judgment will impact a sizeable number of people in the state, according to a lawyer involved in the matter.
Addressing a lecture series 'Positivity Unlimited', Bhagwat said the country should stay united and work as a team in these testing times, instead of pointing fingers at each other.
Life Insurance Corporation of India (LIC) February 8 for the first time ever crossed the Rs 7 trillion market capitalisation, as the stock price of state-owned insurer hit a new high of Rs 1,144,45, on rallying 10 per cent on the BSE. The board of directors of the Corporation are scheduled to meet today i.e. February 8, 2024, to consider a proposal for declaration of interim dividend for the financial year 2023-24 (FY24). The board will also consider and approve the unaudited financial results for the quarter and nine-month period ended on December 31, 2023.
Underscoring the importance of voter satisfaction and trust in the electoral system, the Supreme Court on Thursday told petitioners who sought its direction to go back to using ballot papers not to suspect the efficacy of Electronic Voting Machines (EVM) and appreciate if the Election Commission does good work.
Pronouncing the judgement, Justice Khanna said the court has rejected all the petitions, including those seeking resorting back to ballot papers in elections.
If Prashant Bhushan were to be allowed to go scot-free, it would open the floodgates for abuse of the courts, argues Virendra Kapoor.
'The 2024 general elections proved that UP is not Gujarat.'
'I feel quite embarrassed as an Australian athlete that's seen what this guy has done for us and the sport'
While near-term performance is difficult to predict after a huge run-up, fund managers believe the PSU theme's prospects remain sound over the medium to long term.
The go-ahead given to prosecute Arundhati Roy would be seen by supporters of freedom of speech as an announcement that the Right-Wing doesn't feel humbled by the results of the elections, argues Shyam G Menon.
Kejriwal in his public meetings took up issues, which garnered him strong support
'If we get 399 seats and you say we have not crossed 400, then it is your wisdom. But the '400 paar' slogan is based on calculation and considered opinion'
Leaders of several Indian National Developmental Inclusive Alliance (INDIA) parties met on Saturday to take stock of the opposition's preparations leading up to the June 4 counting of votes polled in the Lok Sabha elections, and claimed they will get more than 295 seats, enough for them to form the next government.
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.
'How can we tolerate such high-handedness?'
The high court, however, said prima facie it was satisfied that the matter requires consideration and summons must be issued to defendants -- a Hindi daily, its editor-in-chief and three reporters.
'I actually thought he punched me very hard. I didn't realise it was a knife in his hand, and then I saw the blood, and I realised there was a weapon'
The commission had on Tuesday decided to file a complaint against the channel for allegedly violating the electoral law by telecasting outcome projections on elections in Punjab when the poll process was in progress.
There are of course, other ways to win elections including intimidation of voters, gerrymandering, fiddling electoral rolls, booth-capturing and other creative forms of rigging.
The Jammu and Kashmir assembly speaker has sought the opinion of the members of the privilege committee on the reply submitted by the former army chief, General (Retd) V K Singh with regard to the privilege proceedings initiated against him.
What many don't realise is that including their spouse and children in their tax planning can enable them to reduce their tax burden legally.
Most market analysts are expecting the momentum to shift towards 'quality' and 'growth' stocks in 2024 after the outperformance of 'value' stocks over the past three years. 'Value' stocks are generally well-established companies with steady profits that are trading at a discount to what they are intrinsically worth. Companies in sectors such as commodities, industrials, commercial vehicles and public sector units (PSUs) fall in this bracket.
'Shoma didn't have the luxury of time. She was already suffering from so many ailments.'
While the country is gripped by Ram Mandir frenzy, Danish Husain -- without shouting from the rooftops -- silently staged his opinion with this play on one of India's best-known poets, observes Neeta Kolhatkar.
'Hamas is going to be prepared. There will be booby traps and tunnels; it's going to be door to door fighting.'
Tata Power saw a big sell-off, with the stock falling almost 8 per cent after declaring disappointing results for the October-December quarter (Q3) of 2023-24 (FY24) on Friday evening. The company reported net consolidated revenue of Rs 14,650 crore, up 4.4 per cent year-on-year (Y-o-Y), and earnings before interest, tax, depreciation, and amortisation (Ebitda) of Rs 2,607 crore, up 2 per cent Y-o-Y, in the quarter, led by higher sales across Odisha distribution companies (discoms) and capacity addition in renewables. This was well below consensus estimates.
Ridwaan Goolam Hoosen, an avid South African soccer fan, is used to having to leave the grounds to find a prayer space, including at the 2010 World Cup in South Africa.
Entertainers can be good politicians if they treat the citizens as the audience, and treat their job like a live show, and work hard to make sure the audience likes them, asserts Sandeep Goyal.
Following the Reserve Bank of India's (RBI's) action against Paytm Payments Bank, participants in the fintech ecosystem have turned their attention to giving priority to compliance with regulatory norms. Fintech industry players say the episode will ensure adherence to such measures. Executives Business Standard spoke to said companies should have clarity on their requirements.
