Textiles and fabric manufacturer Raymond Ltd on Thursday said its shareholders have approved the reappointment of Gautam Hari Singhania as chairman & managing director for a term of five years effective from July 1, 2024, along with his proposed remuneration. "The shareholders of the company at their Annual General Meeting (AGM) held today (June 27) have approved the re-appointment of Singhania. "The AGM commenced at 3 pm and concluded at 4:05 pm," Raymond Ltd said in a regulatory filing.
The race to acquire diversified fintech firm Religare Enterprise Limited (REL) intensified as Dabur group promoters, the Burman family, said it was going ahead with the open offer on Monday and claimed that the counter offer made by US-based businessman Digvijay Gaekwad wasn't valid and will not stand scrutiny of market regulator Sebi. The Burman family claimed that the competing offer falls outside the 15-day window stipulated by the Sebi takeover code, following their initial offer on October 4th, 2023.
Ahmedabad-based Torrent Group has completed the acquisition of a majority 67 percent stake in Indian Premier League (IPL) franchise Gujarat Titans.
'The launch of Nila, our very first satellite was very emotional as well as nerve wracking. We tried to calm ourselves by cracking some poor jokes!'
Sharif, who is also the patron-in-chief of the Pakistan Cricket Board (PCB), also told Naqvi that it was not just about money and that the sentiments of the public should also be taken into consideration.
Amid demands for allowing Holi celebration on the Aligarh Muslim University (AMU) campus, its administration has decided that students can do so "freely" at the Non-Resident Students Centre Hall. The decision came after a controversy erupted when members of a right-wing group accused the university administration of denying permission to Hindu students to organize a 'Holi Milan' function on campus. However, the university administration clarified that the decision to allow Holi celebrations at the NRSC Hall was taken because of an AMU board examination scheduled for March 9. The administration further stated that March 10, 11, and 12 are working days and there will be classes, while March 13 and 14 are holidays, making them suitable for celebrations.
Nearly five months after its soft launch, the government's e-portal, the National Single Window System (NSWS), is seeing a significant increase in the number of investors using it to get a bunch of approvals for their ventures. The first clearance was granted on 18 January. Since then, the progress has been good. Out of the 1,258 registered users on the portal, 378 were registered in the last one week.
While Ambani, 66, drew nil salary from the company since the 2020-21 fiscal year, other executive directors including his cousins Nikhil and Hital are paid a salary, perquisites, allowances and commission. His three children - twins Akash and Isha (both 31) and Anant (28 years) - will get only a sitting fee and a commission on the profit earned by the firm.
The Insurance Regulatory and Development Authority of India (IRDAI) has removed the age cap on buying health insurance policies, effective from April 1, 2024. Earlier, individuals were restricted to purchasing new insurance policies only until the age of 65. However, after the recent changes that have come into effect from April 01, 2024, anyone, regardless of age, is eligible to purchase a new health insurance.
The move by the insurance regulatory body aims to create a more inclusive healthcare ecosystem in India and to encourage insurance provider companies to diversify their product offerings.
India is proposing a new law that would impose a jail term of up to seven years and a fine of Rs 10 lakh on anyone found using a forged passport or visa to enter, stay, or exit the country. The Immigration and Foreigners Bill, 2025, also mandates reporting of foreign visitors by hotels, universities, and hospitals to track overstaying individuals. The bill aims to simplify laws, ease business, and strengthen national security while promoting economic growth and tourism.
The Indian Navy has received a replacement MQ-9B Sea Guardian drone from General Atomics after one of its leased drones crashed into the Bay of Bengal in September 2023. The new drone replaces the one lost in a "controlled ditching" due to a technical snag. The Indian Navy has also leased two MQ-9B drones from General Atomics in 2020, and India has signed a deal to procure 31 Predator drones from General Atomics for USD 4 billion. The supply of these drones will begin in January 2029. The Navy is also pushing for another indigenously-built aircraft carrier to replace INS Vikramaditya, which is expected to have a lifespan of another 10 years.
Former Yorkshire County Cricket Club chairman Colin Graves apologised to anyone who suffered racism at the club.
The Securities and Exchange Board of India (Sebi) on Tuesday announced that the top 500 stocks will be eligible for the same-day settlement cycle (T+0) in a phased manner. This move is seen as a fresh push to ready the market ecosystem to speed up the settlement cycle, which currently stands at T+1.
Front-running is a fraudulent practice where traders exploit advance knowledge of large client orders for personal profit.
Hyundai Motor India Ltd, the Indian arm of South Korean automaker Hyundai, has received capital markets regulator Sebi's approval to float an initial public offering (IPO), people familiar with the development said on Wednesday. This development marks a significant milestone for the Indian industry, as it is the first automaker initial share-sale in over two decades, following Japanese automaker Maruti Suzuki's listing in 2003.
One97 Communications (OCL), the company that operates brand Paytm, received a nod from the National Payments Corporation of India (NPCI) to onboard new Unified Payments Interface (UPI) users. This comes nearly nine months after the Reserve Bank of India (RBI) placed an embargo on OCL to add new customers.
The deadlock over the hosting of next year's Champions Trophy ended on Thursday when the ICC announced that India will play its matches of the 50-over showpiece at a neutral venue instead of host country Pakistan, which will have a similar arrangement for tournaments to be held in India till 2027.
Families will not be accompanying the Indian cricket players heading to Dubai on February 15 for the ICC Champions Trophy as the BCCI's new travel policy comes into effect for the first time with this tournament.
The government has approved the construction of two indigenously designed nuclear attack submarines and is expected to ink contracts next month to procure 26 naval variant of Rafale jets and three Scorpene submarines, Navy Chief Admiral Dinesh Tripathi said on Monday.
The ICC has officially asked for a written explanation from BCCI regarding its decision to not send the Indian cricket team to Pakistan.
The Delhi high court on Wednesday stayed the trial court proceedings against senior Congress leader P Chidambaram in the Aircel-Maxis case lodged by the Enforcement Directorate.
The parliamentary committee scrutinising the Waqf bill is set to propose that existing 'Waqf by user' properties will remain so if not in dispute or are government facilities but they must be registered before the new law takes effect, providing little relief to Waqf bodies in their unverified title claims.
'There has been a spurt of algo platforms, and algo developers, which are neither empaneled nor regulated, but are still active in the ecosystem.'
'Going forward, the encouragement would be to move to the new tax regime.'
Tata Power's Q2FY25 reported results were above consensus despite challenges like low plant availability at Mundra and Odisha discom operations affected by rain. A positive development for the power major included module manufacturing hitting nearly 100 per cent capacity utilisation. The Board has approved an investment proposal for a 1GW pumped storage project (PSP).
'I have always looked at people and said, 'You just have to accept. You just have to love. You just have to let this person be and the trouble would be less.' 'But we keep complicating things, and that is the tragedy -- our desire not to understand.'
The possible instances of front running at Quant Mutual Fund have likely pushed the Securities and Exchange Board of India (Sebi) to expedite the implementation of an institutional mechanism framework designed to curb such market abuses. This framework, approved by the Sebi board in April, was slated to take effect six months after its notification. But, recent developments have set the wheels of regulation turning faster.
NDTV founders Prannoy Roy and his wife Radhika Roy have resigned as the directors of promoter group vehicle RRPR Holding Private Limited as the Adani Group neared takeover of the television channel.
The Boehly-Clearlake consortium, which agreed terms to acquire Chelsea for 4.25 billion pounds ($5.33 billion) earlier this month, will take over ownership of Chelsea FC
Fraudsters read your mind, weave convincing stories, earn your trust and then vanish with people's savings. Ramalingam Kalirajan reveals five simple tricks that cons use to steal money from you.
Currently, the facility of sharing of KYC information is available only among Sebi-registered intermediaries.
Public-sector lenders Indian Overseas Bank (IOB) and Uco Bank are likely to raise funds through qualified institutional placement (QIP) next month. Punjab & Sind Bank is likely to follow suit later this financial year to meet the public shareholding norm of 25 per cent. When a public-sector unit raises funds through QIP, the money goes to the company because it involves issuing new shares whereas in the case of offer for sale (OFS), the money raised goes to the government because its shares are sold.
Kamlesh Chandra Varshney, a whole-time member of the Securities and Exchange Board of India (Sebi), said on Friday that the market regulator in the last three months had removed around 15,000 content sites linked to unregistered finfluencers or providing unauthorised investment advice. Speaking at the Global Fintech Fest, he said there was successful engagement with the technology providers who are complying with the regulator's request.
The demolition started with the removal of the roof amid tight police security, Latif told the PTI on Monday evening.
The parliamentary panel's meetings have become a virtual battleground between the opposition and the ruling party members, who have been vociferously debating the changes to the Waqf Bill proposed by the government.
The Reliance Industries Ltd board, under the chairmanship of Mukesh Ambani, on Monday fully supported the buyback of shares brushing aside the criticism and objections raised by vice-chairman Anil Ambani
IWF scraps her weight category; Olympic weight category yet to be known.
'Investment by insurers in the Bima Sugam India Federation is illegal as it is a private limited company.'
Whether the ambitious targets are achievable is a moot question as India's earlier target was 20,000 MW of nuclear power by 2020.
