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Senior company officials said the funds would be used to expand its financial services business in rural India where the group would be opening more branches.
A week after suspending them from the House for 'unruly' behaviour, Lok Sabha Speaker Om Birla on Monday revoked the suspension of four Congress members, after seeking assurance from the Opposition that they will not bring placards to the House.
After nearly four years of underwhelming performances in equity schemes, Aditya Birla Sun Life Mutual Fund (ABSL MF) is experiencing a revival. During the first quarter of the 2023-24 financial year (Q1FY24), the fund house arrested its declining market share, bolstered by stronger equity fund results and subsequent ratings upgrades. Mahesh Patil, the chief investment officer, attributes this resurgence to changes in the fund management team and adjustments to investment strategies.
Lok Sabha could function for only 45 hours this Budget Session against its scheduled 133.6 hours because of daily disruptions and frequent adjournments, a think tank data has shown.
Operating margins have been the primary driver of corporate earnings in India in recent quarters, despite revenue growth suffering from weak consumer demand. Companies across sectors have reported a sharp improvement in earnings before interest, tax, depreciation, and amortisation (Ebitda) margins over the past two years, benefiting from lower commodity and energy prices. Higher margins more than compensated for slower revenue growth, resulting in double-digit growth in net profit for five consecutive quarters.
Akhilesh Yadav had won the Karhal assembly seat in the recently-held assembly polls in Uttar Pradesh.
When the House met on Wednesday morning, Speaker Om Birla told the protesting members that he would give them an opportunity to raise the issues during the Zero Hour.
RBI's exercise will take into account standards of governance, the viability of the payment bank (PB) business model, and changes, if any, if needed.
The controversy over a Trinamool Congress member of Parliament mimicking Vice President Jagdeep Dhankhar took political centrestage on Wednesday with the issue playing out both inside and outside Parliament and President Droupadi Murmu joining Prime Minister Narendra Modi in expressing dismay.
Aam Aadmi Party leader Saurabh Bharadwaj on Monday alleged the entire Bharatiya Janata Party is "standing with" its MP Ramesh Bidhuri.
The nearly month-long monsoon session is likely to have 20 sittings and would conclude before Independence Day.
Prime Minister Narendra Modi on Tuesday said his government is committed to ensuring that the 'Nari Shakti Vandan Adhiniyam' aimed at expanding women's participation in the Lok Sabha and state assemblies becomes a law, as he urged MPs of both Houses of Parliament to pass the bill unanimously.
Joshi, however, clarified that he did not support the banned practice and that his remarks were on the tradition of 'Jauhar'.
Sheila Dikshit on Tuesday targeted Prime Minister Narendra Modi wondering why he was shying away from an independent probe into the 'Sahara-Birla' papers.
The Congress on Wednesday came out in defence of Rahul Gandhi saying he never disrespects women and the Bharatiya Janata Party is indulging in an 'indecent' act of accusing him of 'misconduct' as it does not want a debate on Manipur violence.
'The sudden arrests and detentions of all Working Committee members led to mass satyagraha.' 'I found myself helpless as the source of my income, from which I sent a portion to my parents in the village, had suddenly stopped.'
Rajya Sabha Chairman Jagdeep Dhankhar, Prime Minister Narendra Modi and Lok Sabha Speaker Om Birla will lead a function in the Central Hall of Parliament on Tuesday to celebrate the country's rich parliamentary legacy and resolve to make India a developed nation by 2047.
Bharatiya Janata Party MP Nishikant Dubey, who wrote to Lok Sabha Speaker Om Birla accusing Trinamool Congress's Mahua Moitra of taking 'bribes' from a businessman to ask questions in Parliament, has also written to IT Minister Ashwini Vaishnaw, urging him to investigate the IP addresses of her log-in credentials for the House.
The case based on "random materials" like loose sheets, papers, e-mail print outs is "merit less" as they are "inadmissible materials" having "no evidentiary value under the law, the court said.
'When a BJP MP was accused of harassment and molestation by our champion wrestlers, we did not hear one word out of the women and child development minister'
'The Speaker should have asked Ramesh Bidhuri to withdraw his words and apologise.'
Dressed in colourful attire, members of the Lok Sabha and the Rajya Sabha on Tuesday got their group photograph clicked in the old Parliament building, hours before legislative proceedings shift to the new Parliament House.
As soon as the House met at 2 pm, papers were laid on the table and two resolutions adopted amid slogan shouting and protest by Congress members.
With the all-party meetings called by Rajya Sabha Chairperson Jagdeep Dhankhar and Lok Sabha Speaker Om Birla producing no breakthrough to end the deadlock in Parliament, Union ministers Piyush Goyal and Pralhad Joshi accused opposition parties of repeatedly 'insulting' Dhankhar.
Ahead of the Winter session of Parliament beginning on December 4, the Congress' Lok Sabha leader Adhir Ranjan Chowdhury on Saturday wrote to Speaker Om Birla, saying the expulsion of Trinamool Congress MP Mahua Moitra from Parliament is an 'extremely serious punishment and has very wide ramifications'.
In a historic transition, the Parliament moved into a swanky new complex on Tuesday, with Prime Minister Narendra Modi urging MPs to forget all past bitterness and start a new chapter and the introduction of the women's reservation bill taking centre stage.
A major top management level churn is on in the country's financial services space, with the Aditya Birla group emerging among the biggest beneficiaries of this shake-out as it has attracted a large number of executives from other companies.
A media suggested the Parliament staff will have a new dress code with the Lotus printed on it.
Prime Minister Narendra Modi inaugurated the new Parliament building Sunday morning and installed the scared 'Sengol' in the Lok Sabha chamber, right next to the Speaker's chair, after performing a puja.
MFs have benefited from a shift to financial assets from physical assets like real estate and gold.
During his brief visit, Tillerson was given a tour of the room at the Birla House where Gandhi had spent his last 144 days.
Union Minister Smriti Irani on Wednesday came down heavily on Congress leader Rahul Gandhi for his 'murder of India in Manipur' remark in Lok Sabha, saying this is for the first time in parliamentary democracy that someone has made such a statement.
Bidhuri's responsibility will be akin to the party's poll in-charge of the district, sources said.
In a major security breach on the anniversary of the deadly 2001 Parliament terror attack, two persons on Wednesday jumped into the Lok Sabha chamber from the visitors' gallery, shouted slogans and released yellow smoke from canisters that triggered panic and chaos in the House.
The decision by the Reserve Bank of India to introduce a unified regulatory framework on connected lending for all the regulated entities (RE) is expected to reduce the influence of business conglomerates in the Indian lending space, said bankers and experts. "Connected lending pertains to lending to related parties within the same business group. "While the RBI might appear more agreeable to allowing business conglomerates to own banking licenses, it deems it crucial to bolster regulations that would prevent conglomerate-owned banks from gaming the system," said Shivaji Thapliyal, head of research and lead analyst, YES Securities.
The Congress on Thursday gave a notice in the Lok Sabha against alleged breach of privilege by Home Minister Amit Shah, accusing him of speaking untruth on Maharashtra farm widow Kalawati Bandurkar who Rahul Gandhi had met in 2008.
The Lower House of Parliament took up the Demands for Grants and Appropriation Bills after two adjournments as the ruling and Opposition MPs engaged in a matching duet over demands for an apology by Rahul Gandhi and the Adani issue.
Bharatiya Janata Party MP Harsh Vardhan on Friday alleged that some people with vested interest have 'dragged' his name into a row over certain objectionable remarks made by his party colleague Ramesh Bidhuri in the Lok Sabha.
Grasim Industries has announced a rights issue of around Rs 4,000 crore with the promoters committed to fully subscribing to their entitlements and to covering any unsubscribed portion. This is to part-fund capital expenditure (capex) of Rs 10,000 crore in a new foray into the paints business. The company has already invested Rs 3,640 crore in the paints business (by Q1FY24). The management has outlined a capex of Rs 5,700 crore for FY24, which includes Rs 4,280 crore allocated for the paints business, of which Rs 1,050 crore has already been spent in Q1FY24.
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