News for 'Board of Management'

Petitioners seek urgent listing of Waqf pleas, SC to decide

Petitioners seek urgent listing of Waqf pleas, SC to decide

Rediff.com7 Apr 2025

The Supreme Court on Monday agreed to consider listing for urgent hearing the petitions challenging the constitutional validity of the Waqf (Amendment) Act, 2025.

L&T Q4 net profit jumps 25% to Rs 5,497 crore, beats Street estimates

L&T Q4 net profit jumps 25% to Rs 5,497 crore, beats Street estimates

Rediff.com10 May 2025

Engineering and construction major Larsen & Toubro (L&T) reported a 25 per cent rise in net profit attributable to the owners of the company for the January-March quarter of 2024-25, owing to higher revenues and an exceptional gain. For the quarter under review, L&T posted a consolidated net profit of Rs 5,497.3 crore, while revenue rose 10.9 per cent year-on-year (Y-o-Y) to Rs 74,392.28 crore.

PwC may submit report on IndusInd Bank on Friday

PwC may submit report on IndusInd Bank on Friday

Rediff.com25 Mar 2025

External auditor PwC is likely to submit its report to IndusInd Bank's board on Friday regarding accounting discrepancies in its derivatives portfolio, sources said. As per an estimate, Rs 2,100 crore discrepancy in accounting may impact 2.35 per cent of the bank's net worth.

Waqf Act comes into force as SC set to hear pleas

Waqf Act comes into force as SC set to hear pleas

Rediff.com8 Apr 2025

The Supreme Court of India will likely hear a batch of petitions challenging the constitutional validity of the Waqf (Amendment) Act, 2025 on April 15. The Act, which came into force on April 8, has been met with widespread criticism from various stakeholders, including politicians, the All India Muslim Personal Law Board (AIMPLB), and Jamiat Ulama-i-Hind. They argue that the law is discriminatory and violates the fundamental rights guaranteed under Articles 25 and 26 of the Constitution. The petitions allege that the amendments give the government more control over the administration of Waqf, effectively sidelining the Muslim minority from managing their own religious endowments.

Jamiat too files petition in SC against Waqf (Amendment) Act

Jamiat too files petition in SC against Waqf (Amendment) Act

Rediff.com7 Apr 2025

A fresh plea has been filed in the Supreme Court challenging the constitutional validity of the Waqf (Amendment) Act, 2025, claiming it was a "blatant intrusion" into the rights of a religious denomination to manage its own affairs in the matter of religion. The plea, filed by Samastha Kerala Jamiathul Ulema, argues that the amendments would distort the religious character of Waqfs and irreversibly damage the democratic process in their administration. Several other petitions have been filed in the apex court challenging the validity of the bill, including those by Congress MP Mohammad Jawed, AIMIM president Asaduddin Owaisi, and AAP MLA Amanatullah Khan.

PSL vs IPL? Bosch's switch sparks legal firestorm

PSL vs IPL? Bosch's switch sparks legal firestorm

Rediff.com16 Mar 2025

The Pakistan Cricket Board (PCB) has issued a legal notice to South African cricketer Corbin Bosch for breaching his contractual obligations with the board.

Telangana makes Telugu compulsory in CBSE, ICSE schools

Telangana makes Telugu compulsory in CBSE, ICSE schools

Rediff.com26 Feb 2025

The Telangana government has issued orders for teaching Telugu as a compulsory subject for students of 1st to 10th classes in Central Board of Secondary Education (CBSE), Indian Certificate of Secondary Education (ICSE), International Baccalaureate (IB) and other boards affiliated schools in the state from the 2025-26 academic year.

The Sweet Sound Of A Mitch Marsh 100

The Sweet Sound Of A Mitch Marsh 100

Rediff.com23 May 2025

The Aussie all-rounder scored a blazing 117 off 64 balls. Not only was his innings decorated with 10 fours and 8 sixes, his two massive partnerships put LSG in the driver's seat.

'I was clear that if the ball comes in my radar, I will hit it'

'I was clear that if the ball comes in my radar, I will hit it'

Rediff.com29 Apr 2025

'I was preparing for this moment for a long time and I am happy that it worked out the way I wanted.'

Meet the top cop taking over Pakistan's team

Meet the top cop taking over Pakistan's team

Rediff.com2 Feb 2025

Hina Munawar, a police officer with a strong background in security and operations, has been named as the first female team manager for the Pakistan men's cricket team ahead of the Champions Trophy.

IPL SOPs: No family in dressing room, no sleeveless!

IPL SOPs: No family in dressing room, no sleeveless!

Rediff.com4 Mar 2025

A top official of a franchise welcomed the steps taken by the BCCI.

Shreyas reveals what went wrong in painful loss

Shreyas reveals what went wrong in painful loss

Rediff.com6 Apr 2025

Punjab Kings suffered their first defeat of the IPL season, losing to Rajasthan Royals.

Kothari outplays Advani, claims maiden world title

Kothari outplays Advani, claims maiden world title

Rediff.com17 Apr 2025

Ace Indian cueist Sourav Kothari clinched the 2025 IBSF World Billiards title after an emphatic victory over multiple-time winner Pankaj Advani in the final in Carlow, Ireland.

NBFCs draw flak for lax loan appraisal practices

NBFCs draw flak for lax loan appraisal practices

Rediff.com11 Apr 2025

Reserve Bank of India (RBI) Deputy Governor Swaminathan J criticised some non-banking financial companies (NBFCs) for lax loan appraisal practices and charging excessive interest rates, even as he acknowledged the sector's rapid expansion over the past decade, especially in recent years. "Unfortunately, some NBFCs seem to believe they can operate with weak underwriting in the pursuit of fast growth while levying excessive and unsustainable interest rates - sometimes disguised as upfront or processing fees - followed by aggressive recovery methods in case of default," Swaminathan said at the conference of NBFCs in Chennai last month.

Ireland cancel home series against Afghanistan

Ireland cancel home series against Afghanistan

Rediff.com12 Mar 2025

Ireland were scheduled to host Afghanistan for one Test, three ODIs and three T20s in July.

SC to hear pleas challenging Waqf Act on April 16

SC to hear pleas challenging Waqf Act on April 16

Rediff.com10 Apr 2025

A three-judge Supreme Court bench will hear petitions challenging the constitutional validity of the Waqf (Amendment) Act, 2025, on April 16. The petitions, including those by politicians and the All India Muslim Personal Law Board (AIMPLB) and Jamiat Ulama-i-Hind, were filed in the top court challenging the validity of the newly-enacted law. The Centre has filed a caveat in the apex court, seeking a hearing before any order is passed.

Internet suspended in Bengal town rocked by violence over Waqf

Internet suspended in Bengal town rocked by violence over Waqf

Rediff.com9 Apr 2025

The situation in Muslim-dominated Murshidabad district of West Bengal, which was marred by incidents of violence following protests over the Waqf (Amendment) Act, was calm and peaceful on Wednesday with no reports of any untoward incident. Prohibitory orders were clamped in and around Raghunathganj and Suti police station areas and large police force deployed in all sensitive areas of the district, especially in and around Jangipur town, where a large number of people had assembled on Tuesday afternoon, demanding the withdrawal of the legislation. Internet connectivity remained suspended within the areas under the Jangipur sub-division to prevent the spread of any disinformation. Protestors, who had gathered in large numbers on the NH-12 in the Jangipur area to protest against the Waqf Bill, hurled stones at the police who were deployed in the area, on Tuesday afternoon. A couple of vehicles belonging to the police were allegedly torched during the protest and police had to resort to lathi-charge and use tear gas shells to bring the situation under control. A few policemen were injured in the stone pelting. Police have also detained a few people in connection with the incident. West Bengal Governor C V Ananda Bose condemned the incident and said attempts to disturb the law and order situation in the state "should be put down with an iron hand". The opposition BJP alleged that the law and order situation in the state was "crumbling" under Chief Minister Mamata Banerjee, who was busy with "minority appeasement". The Waqf (Amendment) Bill was passed by the Lok Sabha on Thursday, and by the Rajya Sabha in the early hours of Friday after marathon debates in both Houses of Parliament. The Act aims to streamline the management of Waqf properties (assets permanently donated by Muslims for religious or charitable purposes) with provisions to safeguard heritage sites and promote social welfare. It also seeks to improve governance by enhancing transparency in property management, streamlining coordination between Waqf boards and local authorities and protecting stakeholders' rights.

Inside Story of Why Abhishek Nayar Was Let Go by BCCI

Inside Story of Why Abhishek Nayar Was Let Go by BCCI

Rediff.com17 Apr 2025

The Indian cricket team's assistant coach Abhishek Nayar has been sacked just eight months

'More Than Mr Perfectionist, Aamir Is Mr Passionate'

'More Than Mr Perfectionist, Aamir Is Mr Passionate'

Rediff.com12 Mar 2025

'Aamir is really competitive. I feel that also keeps him young.'

Violent protests against Waqf Act rock parts of Bengal

Violent protests against Waqf Act rock parts of Bengal

Rediff.com12 Apr 2025

Protests against the Waqf Act turned violent in parts of West Bengal on Friday, with demonstrators setting ablaze vehicles, disrupting traffic and rail movement, and injuring several policemen. The unrest erupted in Suti, Murshidabad district, where protesters defied prohibitory orders, hurled stones at security personnel, and torched police vans and public buses during processions. Police responded with lathi charges and tear gas, while some officers were forced to seek refuge in a nearby mosque. Similar protests were held in Malda and Kolkata, prompting Governor C V Ananda Bose to direct the state government to take swift action against those responsible. The governor also contacted Union Home Minister Amit Shah and held discussions with Chief Minister Mamata Banerjee. The Waqf (Amendment) Bill, which was recently passed by both houses of Parliament, aims to improve the management of Waqf properties, safeguarding heritage sites and promoting social welfare.

30 minutes, 25,000 people, and a flawless evacuation!

30 minutes, 25,000 people, and a flawless evacuation!

Rediff.com9 May 2025

We had to evacuate 25,000 people without pressing panic button: IPL chairman Dhumal

'Muslims Have Been Misled By Opposition'

'Muslims Have Been Misled By Opposition'

Rediff.com2 Apr 2025

'Muslims need to work according to strategy and not fall into the trap of Opposition parties.'

Dhoni opens up: What went wrong in CSK's worst IPL loss

Dhoni opens up: What went wrong in CSK's worst IPL loss

Rediff.com12 Apr 2025

Chennai Super Kings captain MS Dhoni expressed disappointment over his team's heavy defeat against Kolkata Knight Riders in the IPL, attributing the loss to poor batting performance.

Govt headhunter fails to find right candidate for BPCL top job

Govt headhunter fails to find right candidate for BPCL top job

Rediff.com2 Mar 2025

After HPCL, the government headhunter struggled to find a suitable candidate for the top job at Bharat Petroleum, as most applicants were narrow specialists lacking multidisciplinary experience needed to run a large organisation. The Public Enterprise Selection Board (PESB) last month interviewed a dozen candidates including BPCL director (finance) Vetsa Ramakrishna Gupta and its director (refineries) S Khanna but found none suitable for the job of chairman and managing director of Bharat Petroleum Corporation Ltd (BPCL), according to a PESB order.

Why was Riyan Parag Forced to Change Bat Mid-Match?

Why was Riyan Parag Forced to Change Bat Mid-Match?

Rediff.com17 Apr 2025

When the umpires conducted the routine check on Parag's bat, it was found to be non-compliant. As a result, he was asked to switch to a different bat before resuming his innings.

Now, TN actor Vijay moves SC against Waqf Act

Now, TN actor Vijay moves SC against Waqf Act

Rediff.com13 Apr 2025

Several petitions were filed in the apex court challenging the Act, contending that it was discriminatory towards the Muslim community and violated their fundamental rights.

Private equity's next leap hinges on local fund needs and buyouts

Private equity's next leap hinges on local fund needs and buyouts

Rediff.com21 Mar 2025

India's private equity industry is evolving, with local funds securing substantial capital and achieving consistent returns. During a panel discussion at TiEcon Mumbai 2025, industry leaders emphasised growing opportunities in scaling buyouts and expanding domestic investor participation.

'India is a land of opportunities'

'India is a land of opportunities'

Rediff.com13 May 2025

'We've maintained that India is a high-penetration game. It's not only a premiumisation game.'

Securities market fraud: How to avoid being misled

Securities market fraud: How to avoid being misled

Rediff.com30 Apr 2025

The Securities and Exchange Board of India (Sebi), in a circular dated April 11, 2025, warned investors about rising fraud and manipulation linked to the securities market on social media platforms.

'Waqf law bonhomie': Oppn slams Omar's Tulip garden meet with Rijiju

'Waqf law bonhomie': Oppn slams Omar's Tulip garden meet with Rijiju

Rediff.com7 Apr 2025

The opposition Peoples' Democratic Party and Peoples' Conference targeted the ruling National Conference over the meeting, and accused it of surrendering to the Bharatiya Janata Party without even a pretence over the passage of the Waqf act.

Pakistan cricket is in ICU: Afridi

Pakistan cricket is in ICU: Afridi

Rediff.com11 Mar 2025

'How can our cricket progress when there is a sword hanging constantly over the captain and coaches' heads.'

Learn from Kohli: Ponting slams PBKS batters

Learn from Kohli: Ponting slams PBKS batters

Rediff.com20 Apr 2025

Punjab Kings head coach Ricky Ponting expressed disappointment with his team's batting performance in their seven-wicket defeat to Royal Challengers Bangalore in an IPL match.

MX Player Is The Horse To Bet On In OTT Biz

MX Player Is The Horse To Bet On In OTT Biz

Rediff.com12 May 2025

At 250 million unique visitors a month, MX Player has for long been in the same bracket as YouTube (454 million) and Meta (324 million) in reach.

Any proof of 200 deaths in Delhi stampede, asks SC; dismisses petition

Any proof of 200 deaths in Delhi stampede, asks SC; dismisses petition

Rediff.com28 Feb 2025

The Supreme Court of India dismissed a plea seeking directions on crowd management at the New Delhi railway station, following a stampede that resulted in the deaths of at least 18 people. The court questioned the claim of 200 deaths and suggested the petitioner approach the Delhi High Court.

Startups face I-T department heat over funding through Singapore

Startups face I-T department heat over funding through Singapore

Rediff.com24 Apr 2025

The income-tax (I-T) department has issued showcause notices under Section 68 of the Income-Tax Act to several startups over funds routed through Singapore, seeking explanations for investments received over the past five years, people familiar with the development said. The department is questioning the source, identity, and creditworthiness of overseas investors in these transactions, they said.

How To Create Wealth And Retire Early? Ask rediffGURUS

How To Create Wealth And Retire Early? Ask rediffGURUS

Rediff.com4 Apr 2025

Start your journey to financial freedom today. Ask your questions and let our experts show you the way to a secure and prosperous future.

Violence erupts in Bengal during protest against Waqf Act

Violence erupts in Bengal during protest against Waqf Act

Rediff.com9 Apr 2025

Protesters in West Bengal's Murshidabad district set fire to police vehicles and hurled stones during a demonstration against the Waqf (Amendment) Act. The incident occurred on Tuesday afternoon in the Jangipur area, where a large crowd had gathered demanding the withdrawal of the legislation. Police responded with lathi charges and tear gas to control the situation. Several people were detained and police personnel were injured in the stone-pelting. The West Bengal Police has said the situation is under control and strict action will be taken against those who resorted to violence.

Kohli Revolts Against BCCI Family Rule

Kohli Revolts Against BCCI Family Rule

Rediff.com19 Mar 2025

'Players can apply for permission if they want their families to stay longer on tours.' 'The BCCI will make a decision as it sees fit.'

Parliament passes Waqf bill after RS nod by 128-95 votes

Parliament passes Waqf bill after RS nod by 128-95 votes

Rediff.com4 Apr 2025

The Waqf (Amendment) Bill, 2025 was passed in the Lok Sabha early Thursday, with 288 members supporting it and 232 against it.

Allianz to explore new avenues in India after exit from Bajaj JVs

Allianz to explore new avenues in India after exit from Bajaj JVs

Rediff.com26 Mar 2025

Munich-based Allianz will explore new opportunities in the Indian insurance market not only as an investor but also as an operator, the company told Business Standard on Tuesday. "India will continue to be one of Allianz's main growth markets, and Allianz will explore new opportunities to further grow its participation in the Indian insurance market in the future, not only as an investor but also as an operator," the company said.