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SBI will hold 30 per cent in RIL joint venture
Speaker Om Birla sought to calm down opposition members, noting that a different system was in place to run the Sansad TV after it was created following the merger of the Lok Sabha TV and the Rajya Sabha TV.
Reserve Bank of India on Thursday said 15 large NBFCs, including LIC Housing Finance, Bajaj Finance, Shriram Finance and Tata Sons, will be subject to enhanced regulatory requirements. The central bank has categorised NBFCs into Base Layer (NBFC-BL), Middle Layer (NBFC-ML), Upper Layer (NBFC-UL) and Top Layer (NBFC-TL). A list of 15 large Non Banking Finance Companies (NBFCs) falling in the Upper Layer category has been released.
CBI is likely to examine soon Hindalco chairman Kumar Mangalam Birla and former Coal Secretary P C Parakh, who are named as accused in the FIR related to Talabira coal block allocation to Hindalco, as it wants to expedite probe.
Opinions vary, but fund managers remain bullish.
Chaudhary Charan Singh, who on Friday was conferred with India's highest civilian award Bharat Ratna, is popularly known as a champion of farmers.
Following are comments from economists at leading financial institutions, banks and rating agencies on the interim Budget:
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Kumar Mangalam Birla on Friday says he hasn't done any wrong and is not worried about CBI case against him in coal block allocation.
Shahid Kapoor won a roomful of hearts at the Falguni Shane Peacock show.
A special court on Friday asked the CBI as to what was the "hurry" in filing a closure report in the coal blocks allocation case in which it had earlier lodged an FIR against top industrialist Kumar Mangalam Birla and others.
Lok Sabha Speaker Om Birla on Monday warned members against referring to anyone's caste and religion in the House after a Congress MP alleged that Finance Minister Nirmala Sitharaman made certain remarks about his proficiency in Hindi because he belonged to a lower caste.
Aditya Birla Nuvo is in talks with global private equity players Blackstone, Carlyle and KKR to sell shareholding in its proposed holding firm for its financial services business. The financial services holding company will house its asset management, insurance, stock broking, wealth management and private equity businesses.
Kumar Mangalam Birla-led Aditya Birla Group plans to invest over Rs 4,000 crore in future technologies by setting up a Knowledge Park and a branch of the Birla Institute of Technology and Sciences (BITS) at Kozhikode in Kerala.
Aam Aadmi Party leader Saurabh Bharadwaj on Monday alleged the entire Bharatiya Janata Party is "standing with" its MP Ramesh Bidhuri.
The Birla families on Thursday made it clear that they do not want "a rupee" of the assets of the late Priyamvada Birla but they were united to secure the estate for charity.
A day after the Bharatiya Janata Party scored big wins in three assembly polls, talk within the party shifted to the likely chief ministerial picks in these states, with senior leaders holding discussions on Monday.
While the four largest listed paint companies have seen marginal negative returns, the S&P BSE Fast Moving Consumer Goods (FMCG) and the National Stock Exchange Nifty FMCG indices have delivered a solid 16 per cent return during the same period. Initially, volume growth and reduced costs bolstered the sector's sentiment, but brokerages have grown cautious due to increased competitive pressures.
The special session saw the women's reservation bill being passed by both Houses.
Omkeshwar Singh, head, Rank MF, a mutual fund investment platform, answers your queries:
Brokerages have lowered the price targets of asset management companies (AMCs) since they failed to beat revenue growth expectations in the January-March quarter (fourth quarter, or Q4) of 2022-23 (FY23). The regulator's plans to lower the fee charged by AMCs also added to concerns. While HDFC AMC and Nippon Life India AMC reported modest growth in revenue from operations in Q4FY23, UTI AMC and Aditya Birla Sun Life AMC delivered yet another weak quarter.
The Aditya Birla group on Monday said it would acquire the entire 48.14 per cent stake of Tata group in Idea Cellular for a consideration of Rs 4,406 crore (Rs 44.06 billion).
Jairam Ramesh said Gandhi spoke for 37 minutes but was shown on Sansad TV camera for only 14 minutes and 37 seconds.
'When manufacturing or even services cannot generate the kind of employment they are looking for, they prefer to be unemployed rather than under-employed.'
Birlas on Monday said that the Tatas as a group were not the promoters of telecom joint venture Idea and hence not obliged to exit the business
Rahul Gandhi arrives in Kashmir Valley on Thursday on a two-day visit, bringing along a strong business delegation that will include Ratan Tata and Kumar Manglam Birla, to a state seeking more investments.
INDIA bloc leaders will protest at Jantar Mantar Friday against suspension of MPs and nationwide protests will also be held in all district headquarters against the government's "immoral and illegal" behaviour of this government, the Leader of the opposition in Rajya Sabha said.
Lok Sabha Speaker Om Birla on Thursday said no word has been banned from use in Parliament and members are free to express their views while maintaining decorum of the House.
The FIR relates to allocation of Talabira II and III coal blocks in 2005.
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