Armed with sticks, they set ablaze thatched structures near a fishing yard in Belmajur area of Sandeshkhali, venting their fury against the elusive TMC leader Shahjahan Sheikh and his brother Siraj. The torched structure, it was revealed, belonged to Siraj.
IBC has been revolutionary in many ways and is a formidable instrument for stress resolution. And despite the room for improvement, the overall effectiveness of IBC in the distress space is unmatched, notes Saloni Kothari.
A team of National Human Rights Commission (NHRC) on Friday held on-spot inquiries in Sandeshkhali to ascertain facts about alleged sexual abuse by some Trinamool Congress leaders even as fresh agitation rocked the trouble-torn village, where locals torched the property of accused Trinamool leaders and held demonstrations against the delay in arresting the main accused, Shahjahan Sheikh.
In a fresh twist to the row over an upscale Goa bar which the Congress has linked with Union minister Smriti Irani's daughter, the district administration has issued a notice to the local village panchayat seeking relevant documents in response to a complaint alleging the outlet was built illegally.
'If you look at assets truly working for us, you should look at Aakash and Great Learning.'
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.
'Considering Pai is putting his own personal money in Byju's, stakeholders in the company can look forward to more governance and transparency.'
Edtech major Byju's is growing slowly but sustainably and is close to achieving profitability at the group level, the company's CEO Byju Raveendran said on Thursday. The company organised a town hall with Raveendran to allay apprehensions about the uncertainty around the company's growth and its future. According to sources, who attended the town hall, Raveendran said that issues with $1.2 billion Term Loan B lenders are being resolved through discussion and hopeful of a positive outcome in the next few weeks without the court's intervention.
West Bengal Governor Dr CV Ananda Bose on Friday said that political violence in the state must come to an end, after visiting Bhangore, where supporters of two political parties clashed a day before leaving three dead.
'Byju's financials only reflect the core business. At a group level, they are experiencing substantial losses.'
Suspected Communist Party of India-Maoist guerrillas blew up railway tracks and a portion of government complex housing the office of the block development officer n Bihar's Naxal-hit Jamui district in the wee hours of Friday to protest the recent arrest of its self-styled area commander.
Before resigning as an auditor of an Adani Group firm, Deloitte had sought an independent external examination of allegations made by a US short-seller but the company said the allegations had no effect on financial statements and the reasons cited for quitting were not convincing to warrant such a move. In a 163-page filing with stock exchanges relating to Deloitte Haskins & Sells LLP's resignation, Adani Ports and Special Economic Zone (APSEZ) said that in meetings with its leadership, Deloitte indicated concern over a lack of a wider audit role as auditors of other listed Adani companies. However, the firm conveyed to the auditor that it was not within its remit to recommend such appointments as other entities are "completely independent".
The court also left it to the discretion of the State Election Commission to take a call on extension of time for filing of nominations, refusing to consider a prayer in this regard.
"It is a matter of self-respect and dignity to live in Indra Nagar rather than in a street that identifies your caste.'
A purported video of the incident showing the mob beating the women up mercilessly on Wednesday was shared in the social media by Amit Malviya, the head of BJP's IT cell on Saturday.
An FIR has been registered against three persons including a block development officer after Amarnath Pandey, 55, an RTI activist and homoeopathy doctor, was fired at yesterday with a country made pistol, they said, adding he was admitted to a hospital.
Byju's, India's most-valued startup, has decided to put two of its key assets -- Epic and Great Learning -- on the block to generate $800 million-$1 billion in cash, with an aim to meet the edtech firm's various commitments, including repaying the entire $1.2 billion term loan B (TLB) within six months, according to sources. The cash-strapped company has proposed repaying $300 million of the $1.2 billion loan in the next three months, depending on whether the lenders accept Byju's amendment proposal, said the people familiar with the development. "This loan repayment proposal has been submitted to the lenders and conversations are going in the right direction," said a person in the know.
The average time lag between the date of occurrence of a fraud and its detection is 23 months; for large frauds (Rs 100 crore and above), it was 57 months.
Continuing its heavy selling spree for the eighth consecutive month, foreign investors pulled out nearly Rs 40,000 crore from the Indian equity market in May on fears of an aggressive rate hike by US Federal Reserve that dented investor sentiments. With this, net outflow by foreign portfolio investors (FPIs) from equities reached at Rs 1.69 lakh crore so far in 2022, data with depositories showed. Going ahead, FPI flows will remain volatile in the emerging markets on account of rising geo-political risk, rising inflation, tightening of monetary policy by central banks, among others, Shrikant Chouhan, Head - Equity Research (Retail), Kotak Securities said.
Markets regulator Sebi has empanelled as many as 16 entities -- including BDO India, Ernst & Young and Deloitte Touche Tohmatsu India -- for conducting forensic audits of financial statements of listed companies as part of efforts to curb frauds. The other empanelled entities are -- Chaturvedi & Co, Chokshi & Chokshi LLP, Grant Thornton Bharat LLP, Haribhakti & Co. LLP, KPMG Assurance And Consulting Services LLP, Mukund M Chitale & Co and Protiviti India Member Pvt Ltd, according to a public notice. In addition, Rajvanshi & Associates, Ravi Rajan & Co LLP, SKVM & Company, Suresh K Jha & Co, T R Chadha & Co LLP and V Singhi & Associates have been selected to conduct the forensic audits, it added.
PNB issued a formal appointment letter to Belgium-based consultancy firm BDO
Market benchmarks gave up intra-day gains to close in the red for the sixth session on the trot on Friday, capping a bruising week which saw a massive dash for safety amid rate hikes by global central banks and fears of slowing growth.
Several bodies, decomposed, bloated and suspected to be of people who succumbed to COVID-19, were on Monday found floating in the river Ganga in a Bihar district.
4 EVMs and a similar number of VVPATs were found at the house of a TMC leader in West Bengal's Howrah district, following which a poll official was suspended.
The government on Tuesday said it will allow setting up of world-class foreign universities in Gandhinagar's GIFT City, free from domestic regulations, to facilitate availability of skilled manpower in the financial services space. In addition, an international arbitration centre will be set up in the GIFT City for timely settlement of disputes under international jurisprudence, Finance Minister Nirmala Sitharaman said while presenting the Union Budget for 2022-23. The centre could be on the lines of the Singapore International Arbitration Centre, or the London Commercial Arbitration Centre.
India has emerged as one of the top five investment destinations in the world.
Sangeeta received the Indian team call-up after impressing in the age-group tournaments but before her dream to play for the senior national side could take flight, the pandemic struck leading to a nationwide lockdown.
Family offices are increasingly looking to invest directly in start-ups rather than through investment in venture capital (VC) firms. The shift is happening because of multiple reasons. Next-generation scions of wealthy families are conversant with how the start-up world works after they have spent time in Silicon Valley; start-up investment is rising to 10-15 per cent of family offices' portfolios from single digits; and they do not want to share gains of investment with VC firms. "While earlier they would prefer to invest in this asset class via venture capital (VC) funds as LPs (limited partners), now they are making direct investment in start-ups.
Only 40 per cent of the forensic information required was made available by PNB and as such, there is no way that one can put a cap on the total value of LoUs issued. He is the second Indian to be declared a fugitive economic offender, after liquor baron Vijay Mallya.
India's first electric car, Reva,is set to roll into Israel soon as a leading firm of the country has been granted the franchise to import the battery-operated vehicle, a media report here said.
The police used lathis and fired teargas shells, one of which landed on the bonnet of the car of TC chief who was inside the hospital then.
A record GST tax collection, an overhaul of the income tax return filing portal and the landmark move to scrap retrospective taxation have set the stage for the next level of reforms in tax administration that include bringing a framework for cryptocurrencies and rationalising the GST rate structure. With tax reforms such as faceless assessment taking roots, 2021 will go down as the year that pivoted the tax administration in a country aspiring to become the world's favourite investment destination. The task ahead is going to be a tough one as the tax department would grapple with taxing cryptocurrencies, rationalising Goods and Services Tax (GST) rates to shore up revenues and post June 2022, the scenario of how the GST revenue plays out for states without the Centre's support of compensation.
Saheb Hembram, 34, of Tub village under Burdwan Block I consumed pesticide at his home
As a result, the deadline for filing June quarter results ends on August 15. However, only 1,538 companies out of the 4,000-odd listed firms managed to declare their results within the usual deadline.
Initial share sales are set to dazzle the Dalal Street in 2022 too as companies are expected to garner up to Rs 1.5 lakh crore in the New Year, continuing with the bullish momentum after 2021 turned out to be the best IPO year in two decades for the Indian market. Excessive liquidity and increased retail investor participation ensured a persistent euphoria in the Initial Public Offer (IPO) space wherein companies mopped up more than Rs 1.2 lakh crore this year even as pandemic gloom shadowed the broader economy. In 2022, the higher amount of funds through the primary market will be largely driven by the mega IPO of state-owned Life Insurance Corp (LIC).
RIL's stake in Network18 would reduce to 64 per cent, from 75%, following the merger
The plea for return of land has been made under the new Singur land Rehabilitation and Development Act enacted by the West Bengal government.
India have been drawn with Spain, Azerbaijan and hosts Ireland in Group B of the Women's Champion Challenge to be held in Dublin from June 18 to 26.
Accepting a key demand of Maoists for safe release of an abducted Jharkhand block development officer, Jharkhand Chief Minister Shibu Soren on Wednesday night said the legal process has begun to free some of the jailed persons who the Naxals claimed to be innocent.
Caparo's business interests span Britain, Europe, the US, India and West Asia.
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