'While the march of globalisation is perhaps inevitable, what is certain is that the world is no longer flat as, the emerging pattern of trade is more regional. 'This new trend of 'slowbalisation' raises some questions that challenge conventional wisdom on how businesses should distribute their capacities,' Birla said.
The Adani family, led by Chairman Gautam Adani, is the most valued first-generation family business at Rs 15.44 trillion.
The Rs 84,000 crore domestic fund of funds (FoFs) space, which was in the doldrums over the past 18 months, has now caught the attention of investors due to a change in the tax structure in Budget 2024. The broader category, which includes offerings across equity, debt and commodities, has seen a spike in the inflows over the past two months. FoFs typically deploy the pooled capital in one or multiple MF schemes rather than investing directly into equities, debt or commodities.
Finance Minister Nirmala Sitharaman's Budget proposals lay out a comprehensive road map for transforming India into a developed nation, focusing on key priorities that aim to generate ample opportunities for all citizens in "Viksit Bharat". It sets the stage for sustained economic growth, social development, and technological advancement.
The collective wealth of the 100 richest went past $1 trillion for the first time.
The BJP's vote share in Cuttack went up from 9 per cent in 2009 to 38 per cent in 2019.
Gandhi said the Opposition wanted the House to function "often and well" and added that it was very important that cooperation happens on the basis of trust.
Aditya Birla group chairman Kumar Mangalam Birla has offered to hand over his stake in debt-laden Vodafone Idea Ltd (VIL) to the government or any other entity that the government may consider worthy to keep the company operational. The billionaire businessman made the offer in June in a letter to Cabinet secretary Rajiv Gauba. According to official data, VIL had an adjusted gross revenue (AGR) liability of Rs 58,254 crore out of which the company has paid Rs 7,854.37 crore and Rs 50,399.63 crore is outstanding.
The Indian economy is rapidly normalising towards pre-pandemic activity levels, even as uncertainty exists about coronavirus mutations and repeated infection waves, industrialist Kumar Mangalam Birla said on Wednesday. Vaccination is picking up pace, which would improve India's resilience against a potential third wave, the chairman of Aditya Birla Group said while virtually addressing shareholders at the AGM of group firm UltraTech Cement Ltd. Moreover, various steps taken by the RBI and the government have helped in containing the economic disruptions of the pandemic, Birla added.
As the FM said, this is a Budget that lays the foundation for the next 25 years, observes Kumar Mangalam Birla.
In a major expansion into sportswear and lifestyle wear segment, the Kumar Mangalam Birla-led Aditya Birla Fashion & Retail has signed a long-term licensing agreement with Authentic Brand Group of New York, which has the marketing and branding rights of Reebok, to run the operations of the global sportswear, athletic and lifestyle major in the country and ASEAN markets. The new agreement between the largest domestic multi-brand fashion retailer and Authentic Brand is an extension of their existing relationship as ABFRL already markets and sells some ABG brands like Forever 21. The agreement follows the global transfer of ownership of the Reebok brand from Adidas to ABG, which is expected to close in the first quarter of 2022.
The court's directions mean that Lodha immediately ceases to hold all positions in the M P Birla group, including as director in the firms and other positions in the trusts and societies of the M P Birla group, a statement from the Birlas read.
The 56-year-old leader is considered to be close to both Modi and BJP president Amit Shah.
You can also read about the Indira Gandhi Assassination Case, the Parliament Attack Case, the Red Fort Attack Case, the Jessica Lal Murder Case, the Decriminalisation of Homosexuality Case among others.
Government was watching Gandhiji's mood to know if he had cooled down. They found out from his letters and utterances that he was the same old firebrand and even more determined than before.
The company had appointed a three-member committee of directors to implement the changes.
Quant funds are a unique offering in the MF space as the investment decisions are driven by a blend of active and passive strategies.
The stock of Aditya Birla Fashion Retail is down 10 per cent from its February high. Even as the revenue performance of the apparel retail major in the October-December quarter's for the 2022-23 financial year (Q3FY23) was better than expected, the company saw brokerage downgrades, given the weak operating performance and the pressure on margins. This the second consecutive quarter of margin miss despite strong traction on the sales front.
Spinner Shams Mulani (5/71) and Himanshu Singh (4/77) wreaked havoc by sharing nine wickets between them as defending champions Mumbai crushed Odisha.
In Agartala, the Group A match between Mumbai and Tripura ended in a draw with the reigning champions earning three points by virtue of the first-innings lead.
Lok Sabha Speaker Om Birla was admitted to the All Indian Institute of Medical Sciences COVID Centre in New Delhi for observation on March 20 after testing positive for coronavirus, and he is presently stable, the hospital said.
A meeting of Aam Aadmi Party MLAs will be held on Tuesday morning, and Delhi Chief Minister Arvind Kejriwal is likely to tender his resignation after it, the party said.
From the word go, Bihar growled its needs out when an MP from the state said aloud: "Give something for Bihar also, Madam." Every time the Budget mentioned cities and towns in Andhra Pradesh, "Kursi Bachao" was the call from Congress MPs.
rediffGURU Mayank Chandel offers advice to students interested in a careers in science or engineering after class 10 and 12.
Nearly 98% of shareholders vote in favour of his reappointment and payment of remuneration to Lodha.
Prime Minister Narendra Modi on Tuesday said the people of the country had given his government the chance to serve them for the third consecutive term after testing it on every criteria.
According to sources, several opposition leaders are also considering boycotting the inaugural function on Sunday, alleging that the government has insulted the President.
'It is notable how humble he was and didn't want anything different just because he was a Tata.'
Congress MPs on Thursday met the LoK Sabha Speaker Om Birla and Rajya Sabha chairman M Venkaiah Naidu and raised the issue of alleged ill-treatment of party lawmakers, including some women, by the Delhi police during their protests in the national capital against Rahul Gandhi's questioning by the Enforcement Directorate.
With Rs 17,087 crore raised so far this calendar year, the total is already 2.4 times that of the full year of 2023, which stood at Rs 7,266 crore.
The opposition Indian National Developmental Inclusive Alliance (INDIA) is unlikely to contest the Lok Sabha Speaker's post and the National Democratic Alliance nominee is likely to be elected unopposed, sources said Tuesday ahead of filing of nomination for the key post.
Leader of Opposition Rahul Gandhi raised the issue of irregularities in NEET soon after the Lok Sabha assembled for the day, prompting Defence Minister Rajnath Singh to assert that a separate discussion cannot be held till the House finishes with the motion of thanks on the president's address.
The Indian cement industry is hopeful of greener pastures after a long period of stress led by pricing pressures and other factors. The second half of FY25 is expected to bring respite due to price hikes, cost benefits and higher volumes, said analysts. The optimistic momentum also makes cement stocks attractive, analysts added, advising to buy dips following a period of bearish sentiment in these stocks.
According to a police officer, four-five men reached Owaisi's 34 Ashoka Road residence located in Central Delhi and pasted three posters at the entry gate and wall of the house about 9 pm.
There were certainly qualities adhering to the Tata Group, which emanated from the persona of Ratan Tata. Most notable of these would be the low profile he maintained, which sharply contrasted the in-your-face celebrity status, celebration of wealth and pursuit of importance many of liberalised India's rich, love, notes Shyam G Menon.
Samajwadi Party MP R K Chaudhary's demand to replace the Sengol installed next to the Lok Sabha Speaker's chair with a copy of the Constitution triggered a war of words on Thursday, with opposition leaders backing him, and the ruling Bharatiya Janata Party castigating him for 'disrespecting' Indian and Tamil culture.
Using the Mahabharat reference as a leitmotif, Leader of Opposition in the Lok Sabha Rahul Gandhi on Monday claimed that an atmosphere of fear prevails all around with a group of six trapping the entire country in a 'chakravyuh' he promised would be broken by the INDIA bloc.
Birla said Narwekar will head the committee that will be formed to review the anti-defection law.
Birla informed the House that four persons have been arrested - two from inside the House, and two from outside Parliament in connection with the incident.
A face-off between the government and the opposition was erupted on Wednesday after Lok Sabha Speaker Om Birla read out a resolution condemning the imposition of Emergency and termed the decision by then prime minister Indira Gandhi an attack on the Constitution.
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