'If their allocation to certain segments have become high due to strong returns over the past three-four years, they should rebalance their portfolios and bring them in line with their long-term asset allocation.'
Godfrey Phillips executive director Samir Modi has lodged an FIR in New Delhi's Sarita Vihar police station, alleging that her mother Bina Modi and Lalit Bhasin, one of the company's board members, orchestrated an assault on him during the board meeting. It further exacerbated the ongoing feud among the late KK Modi's family members over the distribution of the Rs 12,000 crore inheritance. Bina is also the director of Godfrey Phillips.
Andreessen made a objectionable tweet about India after Trai ruled against Facebook's free but restricted internet programme
US short seller Hindenburg Research, which had rocked the Adani Group with allegations of stock market manipulation and accounting fraud, on Tuesday said it has received a show cause notice from Indian capital market regulator Sebi over alleged violations in placing bets on the conglomerate stocks. Hindenburg termed the show cause notice as "nonsense" and "concocted to serve a pre-ordained purpose: an attempt to silence and intimidate those who expose corruption and fraud perpetrated by the most powerful individuals in India."
The case caused a national uproar after the Juvenile Justice Board member L N Danwade gave bail to the accused on very lenient terms, including writing a 300-word essay on road safety.
The Railway Board has reduced the speed of semi-high speed trains Gatimaan Express and Vande Bharat from 160 kmph to 130 kmph till the automatic train protection system gets operational.
The June quarter is usually considered as a seasonally strong period for the IT sector.
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.
In the case of double-income couples, not more than 40 per cent of the net income of one partner should be the EMI for the property.
'There are problems related to the Indian film industry that I'd like to address rather than to keep harping on the negative zone of hurdles in film certification,' Minister for Information and Broadcasting Rajyavardhan Rathore tells Subhash K Jha.
Byju Raveendran, chief executive officer (CEO) and co-founder of Byju's, along with its nearly 51 investors, are responsible for the beleaguered edtech firm's current predicaments, said Ronnie Screwvala, executive chairman and co-founder of edtech platform UpGrad. Speaking at the second edition of the ASU+GSV & Emeritus Summit in Gurugram, he emphasised that "one rotten apple" should not affect the entire edtech sector.
Billionaire banker Uday Kotak founded bank as well as brokerage created and oversaw an offshore fund used by an unnamed investor to profit from a plunge in Adani shares that followed a damning Hindenburg report, the US short seller said on Tuesday. Hindenburg Research, which had in a January 2023 report alleged stock market manipulations and accounting fraud at the Adani group, said it has received a show cause notice from the Indian markets regulator Sebi over gains made from betting on the conglomerate's shares.
A 'hybrid model' to host next year's Champions Trophy in Pakistan remains an option as India's participation cannot be decided by the ICC if there is a government policy against it, a source in the governing body's all-powerful executive board told PTI on Friday.
'Such steps would be a barrier and something people do not want.'
The 75-year-old Eshwarappa, had remained steadfast in his decision to contest, spurning efforts by party leaders to pacify him. He had even filed his nomination as an independent candidate.
The stock exchange BSE has called off the merger of its unit at the Gujarat International Finance Tec-City International Financial Services Centre (GIFT IFSC), India International Exchange (India INX), with NSE International Exchange (NSE IX), a similar unit floated by rival National Stock Exchange (NSE), according to sources familiar with the development. BSE and NSE had been in discussions for the merger for over a year, but it has yielded no results, they said.
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.
Insurance sector regulator IRDAI has given conditional approval to Hinduja Group firm IndusInd International Holdings Ltd (IIHL) for the takeover of debt-ridden Reliance Capital. "We are happy to acknowledge the receipt of approval from IRDAI yesterday (May 10, 2024) on the auspicious occasion of Akshay Tritiya. "The approval is subject to certain 'regulatory, statutory, and judicial' clearances/compliances," an IIHL spokesperson said in a statement.
PCB chief Mohsin Naqvi says he is not even considering the possibility of next year's ICC Champions Trophy being moved out of Pakistan despite the speculation surrounding India's participation in the event.
The Confederation of Indian Industry (CII) on Sunday urged Indian startups to keep their valuation "realistic" and distinguish between the goals of the organisation and its founder. "Startups may strive for long-term value creation rather than short-term valuations. "The valuations of businesses should be kept as realistic as possible," CII said in its Corporate Governance Charter for Startups.
Chairman A M Naik said H2 of 2020-21 will herald better economic and business activity in terms of tendering, good liquidity, as well as revival of labour and supply chains.
The Centre on Saturday night announced that the probe into alleged irregularities in the medical entrance exam NEET will be handed over to the CBI for a comprehensive investigation.
The stimulus package announced by Finance Minister Nirmala Sitharaman "fails to involve" banks in the economic revival process, a member of the Reserve Bank of India's central board said on Wednesday. The stimulus package is "imaginative and forward looking, yet fails to involve banks as frontline warriors in revival of economy," Satish Marathe, a member of RBI's central board, said in a social media post.
Shares of Zee Entertainment Enterprises Ltd (ZEEL) tumbled 12 per cent in the mid-session trade on Wednesday amid reports of capital market regulator Sebi has unearthed a financial discrepancy exceeding USD 241 million (nearly Rs 2,000 crore) in the accounts of the company. The stock of the company nosedived 11.58 per cent to Rs 170.65 apiece on the BSE. ZEEL shares plunged 11.39 per cent to Rs 170.70 per piece on the NSE.
The RSS leader said he had not violated any customs and claimed that he ascended the 18 steps carrying the sacred offerings.
Police sources said the girl's mother had, in the past, lodged over 50 complaints against various people including the then Bengaluru Police Commissioner Alok Kumar, and his staff, for allegedly manhandling her and abusing her.
The Bharatiya Janata Party's first list of 20 candidates for Lok Sabha elections in Karnataka has caused dissidence among leaders in the state with few claiming that they would switch over to Congress.
Diana Puketapu-Lyndon will become the first female chair of New Zealand Cricket (NZC) after incumbent Martin Snedden announced on Wednesday he would be standing down early.
FMPs remain an option for investors who believe interest rates could head downward over time and wish to lock in the current rates. TMFs have very low expense ratios, which makes them cost-efficient.
After assuring shareholders that Byju's is on a strong footing, Chief Executive Officer Byju Raveendran, after much delay, spoke to employees in a townhall session. In his first-ever address to employees since problems began at Byju's, Raveendran spoke about the resignation of auditors and board members, the Term Loan B dispute, and the future of educational technology (edtech). Raveendran also asked his team to 'rise above the noise' and work with resilience and determination.
Hockey India's long-serving CEO, Elena Norman resigned from her post on Tuesday, February 27. Norman steps down after holding the position for nearly 13 years.
About 10 premises in the national capital are being covered as part of the raids.
If Tesla comes in, India's position as a manufacturing hub will rise many notches, as it will become only the second country, after China, to have both Apple as well as Tesla.
In a setback to the BJP ahead of the November 30 assembly polls in Telangana, former MP G Vivek Venkataswamy resigned from the party and joined the Congress in the presence of AICC former president Rahul Gandhi in Hyderabad.
In a major victory for the Hindu side, a Varanasi court on Wednesday allowed Hindu devotees to offer prayers inside the 'Vyas ka Tekhana' area inside the Gyanvapi mosque complex.
The USIBC, which works for strengthening US-India commercial ties, is a premier business advocacy organization representing 250 of the largest US companies investing in India joined by two dozen of India's largest global companies.
UCO Bank, Bank of Maharashtra, Bank of India, Indian Overseas Bank, Indian Bank, and Central Bank of India don't have a non-executive chairman.
At a time when the role of corporate boards is once again under the scanner, independent directors on the Paytm Payments Bank board have indicated that red flags were raised over regulatory issues but they may have been late in doing so. "As independent directors, we asked questions and monitored responses to the Reserve Bank of India (RBI). Many changes were made on compliances. "Obviously, in retrospect, it was not found to be enough," said one of the independent directors on the condition of anonymity.
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