The CBI has charged the accused under Indian Penal Code Section 304 part II (culpable homicide not amounting to murder), Section 34 read with 201 (common cause read with destruction of evidence) and 153 of the Railways Act.
Vedanta Ltd, which is planning to restart its copper plant in Tamil Nadu, is weighing the option to sell the unit at a valuation of up to Rs 4,500 crore, banking sources have said. The company had sought expressions of interest (EoIs) for the plant in June last year but did not get a good response as the unit was shut for the last five years. "The process has now restarted with the bankers reaching out to potential bidders," said a banker.
In a filing to the Bombay Stock Exchange IOC said the shareholders, by way of postal ballot, has approved theissuance of bonus shares in the ratio of 1:1.
Indian IT companies have been under pressure to return excess cash on their books to shareholders through generous dividends and buybacks
The World Bank has approved loans totalling $1.75 billion (about Rs 13,834.54 crore) to fund India's PM Ayushman Bharat scheme and private investment to boost the economic growth. Of the total loan, $1 billion will go towards the health sector, while the rest $750 million will be in the form of development policy loan (DPL) to fill the financing gaps through private sector investment in the economy. The World Bank Board of Executive Directors approved two complementary loans of $500 million each to support and enhance India's health sector.
Market regulator Sebi is likely to approve the Satyam Board-formulated framework to induct a strategic investor.
Pakistan are wary of playing Afghanistan on a spin-friendly pitch in Chennai against the likes of Rashid Khan and Noor Ahmad, who did well for Gujarat Titans in IPL 2023.
A meeting of the CCEA is likely to be held next week.
BCCI to lock in broadcast deal by August-end before series against Australia; Afghanistan ODIs moved to January
Oil regulator PNGRB has approved the tariff that billionaire Mukesh Ambani-owned East-West pipeline will charge for transporting gas from fields off the east coast to users.
ICC said that Pakistan is yet to provide written assurance regarding their participation in the upcoming ODI World Cup in India.
Paine succeeded Smith as captain in 2018 after the batter was banned from international cricket for 12 months and suspended from leadership roles for two years for his role in the Cape Town ball-tampering scandal.
The players, who will be graded in three categories, will get Rs 50 lakh, 35 lakh and 20 lakh per year respectively under the new contracts system.
If indeed we want the board to manage the RBI, probably the government should take a close look at the US Federal Reserve system which has a two-part structure - a central authority in Washington, DC, and a decentralised network of 12 Federal Reserve Banks located throughout the country, says Tamal Bandyopadhyay.
Grappling with the postponement of the series against Australia and the Champions Trophy, the Pakistan Cricket Board received a shot in the arm after India approved the itinerary and the security plan of its tour next year.
The data protection bill introduced in Parliament on Thursday enables the government "to call for information" from data protection board, data collecting entities or intermediary, and safeguards the Centre from legal proceedings for "action taken in good faith" under the provisions of the legislation.
The National Company Law Tribunal (NCLT) has reserved its order on the merger of Zee Entertainment Enterprises and with Culver Max Entertainment (earlier known as Sony Pictures Networks India). The Mumbai bench of NCLT, comprising H V Subba Rao and Madhu Sinha, reserved the order on Monday, after hearing arguments from creditors who objected to the scheme including Axis Finance, JC Flower Asset Reconstruction Co, IDBI Bank, Imax Corp and IDBI Trusteeship. In December 2021, Zee Entertainment and Sony Pictures had agreed to merge their businesses.
The CRS has recommended that a drive should be launched to update the completion signalling wiring diagrams, other documents and lettering of signaling circuits at site.
The Pakistan Cricket Board (PCB) found itself in an embarrassing position over its plans to seek compensation from the Board of Control for Cricket in India for not honouring the MoU signed between the two countries to play six bilateral series between 2015 and 2023.
Rahul Bhatia and Rakesh Gangwal - the founders of IndiGo - will possibly face each other with deep mistrust, which the board chairman, M Damodaran, will attempt to defuse.
Adani Green Energy entered the list of top-10 most valued companies in terms of market capitalisation (m-cap) in the country on Monday after its stock price zoomed 16.3 per cent to hit a new high of Rs 2,701.6 on the BSE. Adani Green Energy's m-cap now stands at Rs 4.22 trillion, surpassing Bharti Airtel, which has an m-cap of Rs 4.16 trillion. With today's rally, the stock has zoomed about 25 per cent in the last two trading days after UAE's International Holding Company (IHC) agreed to invest Rs 3,850 crore in Adani Green Energy through preferential issue.
The likely new chairman of Pakistan Cricket Board (PCB) Zaka Ashraf has rejected his predecessor Najam Sethi's much-publicised "hybrid model" for the upcoming Asia Cup.
Vaccine development is a long process to ensure safety and efficacy through different stages and involves regulatory supervision every step of the way. Ruchika Chitravanshi takes you through this carefully drawn journey of vaccine development.
'We are focused on playing on our strengths, which are technology, and building a large profitable business by working with banks as well as non-banks and NBFCs for loans.'
To strengthen corporate governance practices and disclosure requirements, Sebi on Thursday decided that top-1,000 listed firms should formulate a dividend distribution policy.
The Union cabinet approved the wage board proposal in December.
Officials said Sebi first proposed to the FinMin to amend the relevant provisions in the Sebi Act to discontinue RBI's representation on its board, as it already has adequate presence of government nominees and in its over 25 years of existence the regulator has evolved as an "effective and one of the best in the world".
Following the SGM in Ahmedabad, BCCI secretary Jay Shah said the World Cup schedule is expected to be announced during the WTC Final.
With the filing of this approval with the Registrar of Companies, the legal process for the merger have been completed, an official release said.
The Reserve Bank of India (RBI) has given HDFC Bank six months to migrate HDFC's home loan customers to external benchmark linked lending rate (EBLR), top sources in the bank told Business Standard. Almost half of HDFC's 5.4 million customers are home loan customers. It is mandatory for banks to link retail loans and loans to micro, medium and small enterprises to an external benchmark. Non-banking financial companies do not have such a mandate.
The Eternal Gandhi Museum is the only Gandhi-related museum in the United States, dedicated to Gandhi, to preserve and promote his ever-lasting legacy of nonviolent conflict resolution.
The Foreign Investment Promotion Board, headed by DEA Secretary Arvind Mayaram, approved the proposal at its meeting in New Delhi.
The Finance Committee of the Board of Control for Cricket in India decided to allocate a fund of Rs 50 crore for infrastructure development of the North Eastern states, informed Cricket Association of Bengal joint secretary Avishek Dalmiya.
The Rajya Sabha on Tuesday gave its green light to the Multi-State Cooperative Societies (Amendment) Bill 2023. This Bill introduces significant amendments to the Multi-State Cooperative Societies (MSCS) Act. These modifications aim to enhance the transparency and accountability of these cooperatives' operations in a bid to improve governance.
The much-awaited public offering of the shares of auto major Maruti Udyog Ltd has cleared another major hurdle with the Securities and Exchange Board of India approving the draft prospectus for the initial public offer.
Fundraising via initial public offers (IPOs) dropped 52.2 per cent to $147.2 billion in the first eight months of calendar year 2023 (CY23), suggests a recent report by GlobalData, a London-based analytics and consulting company. At the country level, the report suggests, India topped the charts with 152 transactions worth $3.8 billion during this period, primarily due to a higher number of SME IPOs, followed by the US with 99 deals totaling $16 billion, while China ranked third with 88 transactions worth $32.3 billion. "An analysis of GlobalData's Deals Database reveals that there were 750 IPO listings registered with an aggregate deal value of $147.2 billion in the first eight months of 2023 on the stock exchanges worldwide.
HDFC Bank expects to amalgamate its home loan major parent HDFC into itself by September next year, a top official said on Friday. Both HDFC and HDFC Bank held general meetings on Friday to seek shareholder approvals for what is billed as the largest merger in Indian corporate history at over $40 billion. At the time of announcing the merger on April 4 this year, the entities had said the merger will take 12-18 months.
Uday Mahurkar, Information Commissioner, government of India, wrote an open letter to Nolan, terming the scene a "disturbing attack on Hinduism" and appealed to the director to remove the scene worldwide.
'While many policies say that they will cover mental illnesses, the wordings of a few still have mental illness as a permanent exclusion.' 'After the new IRDAI circular, such exclusions should go away.'
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