The Bahujan Samaj Party declared that it did not receive any donation above Rs 20,000 during 2021-22 as it has been declaring for the past 16 years, the ADR claimed.
For over a decade, HDFC Bank consistently outperformed industry growth rates in both deposits and advances, maintaining impeccable asset quality. Amid a landscape where other banks struggled with soaring non-performing assets (NPAs), HDFC Bank thrived, eventually surpassing ICICI Bank to become the largest private sector lender in India. Its net interest margin (NIM) remained stable in the range of 4.1-4.4 per cent.
The benchmark indices are set to end their five-month gaining streak, but the market breadth continues to hold strong So far this month, stocks gaining have outnumbered those declining, a sign that the bulls still have the upper hand, even as the pullback in the S&P BSE Sensex and the National Stock Exchange Nifty indicates otherwise. On the BSE, 2,126 stocks have advanced and 1,955 have declined in August, translating into an advance/decline ratio (ADR) of 1.1.
The Election Commission has opposed in the Supreme Court an NGO's demand to upload polling station-wise voter turnout data on its website within 48 hours of the conclusion of polling for each phase of the Lok Sabha elections, contending it will "vitiate" the electoral space and cause "chaos" in the poll machinery in the midst of the general elections.
Infosys Tech sulked in early trades on Wednesday on reports that SEC has asked for a full review of the company's offer document, that may see the ADR conversion issue delayed a bit.
Cash collections accounted for a whopping 63 per cent of total funds or over Rs 2,100 crore garnered by various political parties during all state assembly polls between 2004 and 2015, a study showed on Monday.
A five-judge constitution bench of the Supreme Court is scheduled to commence hearing from October 31 a batch of pleas challenging the validity of the electoral bond scheme for political funding of parties.
Global equity research firm Standard & Poor's has projected a significant jump in the American Depository Receipts
The Aam Aadmi Party tops the list with 61 such candidates.
Nearly Rs 3,400 crore (Rs 34 billion) in cash and other items were seized in the elections in 2022-2023, an increase of 835 per cent over 2017-2018.
The Supreme Court on Tuesday deprecated criticism of electronic voting machines (EVMs) and calls for reverting to ballot papers, saying the electoral process in India is a "humongous task" and attempts should not be made to "bring down the system".
Sanjita Chanu had tested positive for an anabolic steroid during an in-competition testing at the National Games in Gujarat in September-October last year.
The ruling Bharatiya Janata Party has 17 crorepati candidates followed by Tipra Motha with nine and the Communist Party of India-Marxist seven, the report by the Association for Democratic Reforms (ADR), a civil society organisation, said.
The Supreme Court said on Wednesday it cannot 'control the elections' or issue directions simply because doubts have been raised about the efficacy of Electronic Voting Machines (EVM), as it reserved its judgment on a clutch of petitions claiming the polling devices can be tinkered with to manipulate the results.
Anil Ambani Group company, Reliance Communication Ventures Ltd said on Monday it will raise upto $1 billion through its Sponsored Global Depository Receipts and American Depository Receipts programme.
Software major Infosys Technologies Ltd is not pursuing its American Depository Receipt plans, as it feels the time is not conducive for another offshore listing and would opt for a "wait and watch" approach.
From steel tycoon Lakshmi Mittal to billionaire Sunil Bharti Mittal's Airtel, Anil Agarwal's Vedanta, ITC, Mahindra and Mahindra, and a lesser-known Future Gaming and Hotel Services were among the prominent buyers of the now-scrapped electoral bonds for making political donations.
'This is total fraud. You are showing me the slip of my vote but not counting it so this is fraud.'
A five-judge Constitution bench of the Supreme Court is scheduled to commence a crucial hearing from Tuesday on a batch of pleas challenging the validity of the electoral bonds scheme for funding political parties.
Enthused by Prime Minister Manmohan Singh's proposed visit to world's premier New York Stock Exchange on Wednesday, analysts say it will have a 'positive impact' and revive India Inc's dream for overseas listing.
'Democracy cannot be taken for granted. It has to be fiercely guarded.'
The BJP declared a total income of Rs 1917.12 crore during 2021-22 and spent Rs 854.467 crore or 44.57 per cent of it.
Of the 788 candidates contesting 89 seats in the first phase of Gujarat Assembly polls, 211 are 'crorepatis', with the ruling Bharatiya Janata Party accounting for 79 such nominees, the Association for Democratic Reforms (ADR) said in a report on Thursday.
'Not even a single rupee from the electoral bonds should be allowed to be used in the election.' 'If it is used in the election, it will taint India's electoral process itself.'
The Aam Aadmi Party (AAP), which is contesting 88 seats out of the total 89, tops this list among major political parties in the fray with 36 per cent of its candidates having criminal cases. Thirty per cent of its candidates are facing serious cases such as murder, rape, assault, kidnapping, among others, the ADR said in its report. The number of candidates having criminal cases fielded by the AAP is 32.
In a landmark judgment that delivered a big blow to the government, the Supreme Court on Thursday annulled the electoral bonds scheme, saying it violates the constitutional right to freedom of speech and expression as well as the right to information.
The Supreme Court on Thursday directed the Election Commission of India (ECI) to produce before it in sealed cover the "up to date" data of funds received by political parties through electoral bonds till September 30, 2023.
Electoral trust is a non-profit organisation formed in India for orderly receiving of contributions from corporate entities and individuals to political parties.
Darshan Solanki, who hailed from Ahmedabad in Gujarat and was a first-year student of B Tech (Chemical) course at the IITB, allegedly died by suicide by jumping off the seventh floor of a hostel building located on the campus on February 12.
As many as 13 (93%) are crorepatis with their average assets pegged at Rs 3.93 crores, the report said.
Debt-ridden telecom operator Vodafone Idea on Thursday said its board has approved raising of up to Rs 14,500 crore, including Rs 4,500 crore from promoter entities. An amount of Rs 10,000 crore would be raised by way of sale of equity or through debt instruments such as ADR, GDR and FCCBs. In a regulatory filing, the company said the board has cleared issuance of up to 338.3 crore equity shares of face value of Rs 10 each at an issue price of Rs 13.30 per equity share for an aggregate consideration of up to Rs 4,500 crore.
A three-year-old boy died after he fell from the fifth floor of a club in south Mumbai where his family had gone to watch the FIFA World Cup final, a police official said on Tuesday.
The electoral bonds scheme for funding political parties should not become a tool for "legitimisation of quid pro quo" between power centres and people who are benefactors of that power, the Supreme Court said on Thursday as it underscored the need for reducing the cash component in the electoral process.
Re-elected MLAs from the ruling party added more wealth in the last five years than re-elected candidates from other political parties, shows an analysis of ADR electoral data.
The total income of national and regional parties from unknown sources for 2020-21 stands at Rs 690.67 crore.
The "opaque" electoral bonds scheme for funding political parties will "destroy democracy" as it promotes corruption and does not allow a level playing field between the ruling and opposition parties, the petitioners challenging the validity of the scheme told the Supreme Court, which on Tuesday observed election funding was a "complicated issue".
There are a total 623 candidates in the fray, and affidavits of eight of them could not be analysed because they were either badly scanned or incomplete, the ADR said.
The Congress declared Rs 526 crore as income from unknown sources which is 15.57 per cent of the total income of the national parties from unknown sources, the ADR said.
The University Grants Commission (UGC) on Friday declared 21 universities as "fake" and not empowered to confer any degree, majority of which are in Delhi followed by Uttar Pradesh.
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