Sebi on Monday imposed a penalty totalling Rs 15 crore on senior officials of Franklin Templeton AMC and its trustee for violating regulatory norms in the case of winding up of six debt schemes in 2020. However, a spokesperson of Franklin Templeton said they disagree with the findings in Sebi's order and intend to file an appeal with the Securities Appellate Tribunal (SAT). A fine of Rs 3 crore has been levied on Franklin Templeton Trustee Services Pvt Ltd and Rs 2 crore each on Franklin Asset Management (India) Pvt Ltd President Sanjay Sapre and its chief investment officer Santosh Kamat, according to the Sebi order. In addition, the regulator imposed a penalty of Rs 1.5 crore each on fund managers -- Kunal Agarwal, Pallab Roy, Sachin Padwal Desai and Umesh Sharma -- as well as former fund manager Sumit Gupta.
'India is now surrounded on its north, west and east by unfriendly neighbours -- Pakistan, China, Nepal and Bangladesh -- some of whom are openly inimical,' notes Amulya Ganguli.
Vodafone Idea will gradually lose market share given its weak balance sheet and limited financial flexibility, says Fitch.
While Amazon is expected to approach either Mumbai or Delhi high court to enforce the interim order of SIAC, the Future Group, too, is likely to challenge the order. Legal experts also expect the Reliance group to expedite the process for regulatory clearances in the deal.
Pakistan Foreign Office in a statement said the latest legislation by the Indian government was another major step towards the realisation of the concept of "Hindu Rashtra.
The finance minister asked lenders to identify eligible borrowers and reach out to them and urged for quick implementation of a sustained resolution plan for the revival of every viable business.
Several petitions, including those by Congress MP Jairam Ramesh and Trinamool Congress MP Mahua Moitra have been filed in the Supreme Court challenging the constitutional validity of the Citizenship (Amendment) Act 2019.
Companies that made expensive overseas acquisitions lead the way in driving cost efficiencies.
The debt came with covenants, which require borrowers to meet certain conditions such as a mandated debt to EBITDA ratio. A failure to meet the conditions may result in an increase in interest rates. The company reported EBITDA (operating profit) of $69 million in the quarter ended December 31, down from $151 million in the corresponding period of the previous year.
Bhushan on August 31 was directed to deposit the fine with the Supreme Court registry by September 15 and failure to comply would entail a three-month jail term and debarment from law practice for three years.
"I concluded that an active sexual relationship between two people of the same sex might therefore reflect the love of god in a way comparable to marriage, if and only if it had about it the same character of absolute covenanted faithfulness," said Archbishop of Canterbury Rowan Williams.
Britannia Industries, the country's top biscuit maker, has taken the income tax department, Kolkata, to court after it received a show-cause notice asking it to explain the withdrawal of funds from the employees' pension fund in 2003.
NDA leaders meet President, seek Natwar's removal
"Over a dozen Islamic countries such as Pakistan, Tunisia, Morocco, Iran and Egypt have regulated triple talaq. If Islamic countries can regulate the practice by enacting law, and it has not been found against sharia, then how can it be wrong in India, which is a secular country?" Prasad said.
Immigrants from five countries -- India, Bolivia, Lebanon, Sudan and Ghana -- stood in a line during the ceremony in the White House.
Making it clear that the Bharatiya Janata Party is no mood to buckle under pressure from the Janata Dal-Secular, a senior BJP leader made it clear that he will not hold talks with JD-S supremo H D Deve Gowda.
AASU, Cong MP Jairam Ramesh, TMC MP Mahua Moitra, and several NGOs have filed petitions against the act that was assented to by the President yesterday.
The Supreme Court on Thursday fixed May 11 for commencement of hearing on pleas challenging the validity of triple talaq, 'nikah halala' and polygamy practices among Muslims.
Stressed MSME borrowers would be eligible for restructuring of debt, if their accounts were classified standard.
The apex court, which dismissed the review pleas filed by three of the four death row convicts of the sensational December 16, 2012 Nirbhaya gangrape and murder case, said the courts cannot be held for committing any illegality in awarding capital punishment in "appropriate cases" till death penalty remains in the penal code.
Shivshankar Menon said the government's amendment to the Citizenship Act was a "self-inflicted goal".
'At this age we all know that death is inevitable, but everyone wants to die with dignity.' 'The judges have given the answer.'
Directing officials to prepare a plan for taking views of Muslim women, the CM asked minister of the department and all women ministers in his cabinet 'to talk to women organisations'.
State's move is seen as a pilot for a national rollout of online land title records. Maharashtra plans to start the system in Mumbai.
It further said that the loan application form should be suitably modified to incorporate passport details of borrowers.
The Office of the United Nations High Commissioner for Human Rights has approached the Supreme Court seeking to intervene in the hearing on the Citizenship (Amendment) Act, saying there was a need to take into account the "international human rights law, norms and standards" in the proceedings.
Mudra Bank being launched on April 8.
Some 40,000 Rohingyas have settled in India, and 16,000 of them have received refugee documentation, the UN estimates.
The Ministry of Law and Justice, in its affidavit, referred to constitutional principles like gender equality, secularism, international covenants, religious practices and marital law prevalent in various Islamic countries to drive home the point that the practice of triple talaq and polygamy needed to be adjudicated upon afresh by the apex court.
"We are not interested with facts at all. We are only interested in dealing with the legal issue," the bench said.
Credit rating agency Moody's changed Formula One's outlook to negative from positive on Thursday to reflect the impact of the coronavirus crisis on a global sport that has yet to race in 2020.
Vice President Hamid Ansari's wife Salma Ansari has said that uttering 'talaq' thrice does not amount to divorce and asked Muslim women to read the Quran thoroughly instead of relying on clerics.
A "quick exit" through liquidation for 314 stocks involving a total pledged share value of Rs 1,67,300 crore.
'Boeing has returned some cash to the airline which will help it improve the current liquidity crisis.'
Rajiv Chandrashekhar, Rajya Sabha MP, explains that the argument that other government servants are eligible for OROP is incorrect and the comparison is laughable.
'Make no mistake, depriving water deliberately to a nation of 190 million people is a repugnant idea.' 'The world community won't forgive us.'
'People have been infected. They are responsible for it internationally.' 'They only admitted in February that it is infectious. This proves our case.'
A look at the hopefuls this year!
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