The International Financial Services Centres Authority (IFSCA) has proposed key exemptions to the current listing framework and measures for setting up holding companies (holdcos) and special purpose acquisition companies (SPACs) to encourage domestic startups list at GIFT City, the country's only international financial services centre (IFSC). Under the current framework, to be eligible to list on IFSC exchanges, an issuing company should have operating revenue of at least $20 million in the preceding financial year and average pre-tax profits of at least $1 million during the preceding three financial years. An expert committee has noted these conditions have acted as hurdles to listing new-age companies, and they need a relook.
'The Congress government is on its way out in Himachal Pradesh.'
Avoid relying on a bank RM for investment advice. Instead, approach a Sebi-registered investment advisor whose livelihood depends on the fee paid by his customers and not on product commissions.
Former National Aeronautics and Space Administration (NASA) Official Mike Gold has said Chandrayaan-3's success is a triumph of Indian innovation, human capital and the capabilities that will take India even further.
A revealing excerpt from Mani Shankar Aiyar's fascinating new book, The Rajiv I Knew.
More than one person in two thinks corruption has worsened in the last two years, according to The Global Corruption Barometer 2013 survey
The lackadaisical approach on part of the management of Oreva company resulting in "one of the most severe and tragic human calamities" cannot be countenanced, the SIT said.
Mann, 48, is a two-time MP from Sangrur and is the party's state unit chief.
With opinion polls on televisions showing him a bad loser in the coming Lok Sabha elections in Bihar, Chief Minister Nitish Kumar on Friday discarded such surveys as a "PR campaign to boost TRP" by "rumour master" and said poll results would send them into "deep shock".
'How come the BJP won even in the Muslim belt? I am 100% sure that the BJP would not win in the Muslim belt.'
In an appeal filed before the top court against the May 4 order of the high court, the state government said the stay will adversely affect the entire exercise.
Former Wimbledon champion Pat Cash has urged Nick Kyrgios to cut out distractions such as social media and practise harder to fulfil his potential, but the Australian firebrand responded by telling Cash to mind his own business -- via Twitter.
Keep revising the sum insured at the time of renewal to keep it in line with inflation.
As Mahesh Bhatt turns 75 on September 20, Subhash K Jha calls him the 'eternal seeker of truth in cinema and in life'.
Differences of opinion are a part of democracy and there are ways to find solutions to that, Law Minister Kiren Rijiju said on Thursday in Rajya Sabha on whether there exists differences between the judiciary and the executive on the issue of appointment of judges.
'Nearly 13,000 individuals have been charged for sedition since 2010.' 'If the Supreme Court stay ever gets vacated, arrests will follow immediately.'
'If there is a background of some kind of mutual understanding on how the dialogue process might develop in a mutually satisfactory manner...' 'If this understanding impacts positively on the ground situation...' 'As of now this is a heroic assumption. But it does not have to remain such.'
Stocks of defence-related companies have been firing on all cylinders on the bourses in calendar year 2023 (CY23). Shares of Hindustan Aeronautics (HAL), Bharat Electronics (BEL), Bharat Dynamics (BDL), Data Patterns, MTAR Tech, Cochin Shipyard and GRSE have rallied in the range of 21-96 per cent so far this year. By comparison, the BSE Sensex is up 8 per cent. The gains have been sustained on the back of robust export opportunities, a healthy project pipeline and the government's continued push for local manufacturing and indigenisation of defence equipment.
'When the right time is there, I will ask him. I know when he has to want to speak, he will. When he does, it'll be extraordinary because no one gives interviews better than Shah Rukh Khan.'
'The world is watching carefully. The choices India makes today have consequences beyond its borders.'
Pranab's earlier fear of Sonia relying too heavily on a coterie due to her lack of experience turned out to be unfounded. As per Pranab, Sonia had her close advisers but she did not follow anyone's advice blindly. A fascinating excerpt from Sharmistha Mukherjee's Pranab, My Father: A Daughter Remembers.
Antony, along with his wife Elizabeth, reached Chandy's residence in Thiruvananthapuram to bid adieu to his trusted lieutenant during trying times of their decades-long political career.
"One WhatsApp message and the damage is done," he said.
Supreme Court judge Sanjay Karol on Wednesday recused himself from hearing a plea filed by the Bihar government challenging a Patna high court order granting a stay on the caste survey it was conducting.
The two bandhs reflect the divide among the farmers and pro-Kannada organisations, and has also now led to a confusion about who is supporting the bandh on which day, and whether services will be available on Tuesday.
Speaking about the issue in India in March 2012 at a media conclave, Kissinger defended his use of unparliamentary language while referring to Prime Minister Indira Gandhi.
Already, the party brass had passed a resolution against admitting her into the organisation and it was seconded by the party's district units across the state, Palaniswami said.
The row erupted on a day President Dr Mohamed Muizzu embarked on a week-long visit to China.
Delhi Chief Minister Arvind Kejriwal on Sunday said the Central Bureau of Investigation (CBI) asked him around 56 questions on the excise policy case and that he answered them all.
'...to prevent this episode from disrupting ongoing cooperation.' 'The discovery of this plot had the potential to derail much of what has been achieved in the relationship during this administration's tenure -- I don't think that fact has been sufficiently appreciated in India.'
Benefitting from the economic rebound, banks are expected to report a healthy bottom-line and asset quality profile in the quarter ended March 2023 (Q4FY23). The net profit of listed commercial banks is projected to grow by an average 43.6 per cent year-on-year (YoY) in Q4FY23 amid better net interest margins (NIMs) and declining credit costs. This is based on a combined assessment of analyst estimates for 17 banks on Bloomberg database.
The Bombay high court on Thursday commuted to life imprisonment the death penalty awarded to three convicts in the 2013 gangrape case of a 22-year-old photojournalist inside the defunct Shakti Mills compound in central Mumbai, saying that they 'deserve imprisonment for life to repent the offence committed by them'.
