'Investment by insurers in the Bima Sugam India Federation is illegal as it is a private limited company.'
A day after news emerged that Foxconn Technology Group was "forced" by Beijing to send back its Chinese engineers and technicians from its Tamil Nadu plant, sources indicate that the global electronics giant has already drawn up an alternative plan to rescue its India iPhone 17 production by bringing in experts from mainly Taiwan and the US.
Capital market regulator Sebi on Tuesday rejected the competing open offer made by the US-based entity Danny Gaekwad Developments & Investments for acquisition of Religare Enterprises Ltd (REL) as it did not meet necessary regulations.
In a significant development, the Supreme Court on Thursday recalled its controversial May 2 verdict that had ordered liquidation of Bhushan Power & Steel Limited (BPSL) while setting aside a resolution plan of JSW Steel Limited for the ailing firm. A bench comprising Chief Justice B R Gavai and Justice Satish Chandra Sharma observed that the May 2 judgment, authored by Justice Bela M Trivedi, since retired, did not "correctly consider the legal position as has been laid down in the catena of judgments".
Despite similar tax treatment, debt MFs enjoy certain advantages over FDs.
By naming a sworn swayamsevak for vice president, the Modi-Shah duo have sent out a clear and positive message to Nagpur, where the RSS headquarters is located, explains N Sathiya Moorthy.
Ask rediffGURU and PF expert Milind Vadjikar your insurance, stocks, mutual fund and personal finance-related questions.
To enable Indian banks and financial institutions to develop an aircraft-leasing ecosystem at GIFT City, the Ministry of Civil Aviation has sought support from the Ministry of Finance. It has also raised concern over slow progress in developing aircraft leasing in India.
Prime Minister Narendra Modi on Friday slammed the Aam Aadmi Party as an 'aapda' (disaster) for Delhi, saying this 'aapda' had taken the national capital in its grip in the past 10 years.
Ask rediffGURU and PF expert Milind Vadjikar your insurance, stocks, mutual fund and personal finance-related questions.
15 to 25 per cent of property registrations in Mumbai come from redevelopment, with over 3,500 projects approved by May 2024.
The Quad grouping has called for bringing the perpetrators, organisers and financiers of the Pahalgam terror attack to justice without any delay and urged UN member nations to extend cooperation for it.
People in several districts of Punjab, Jammu and Kashmir and Gujarat spent an anxious night as authorities enforced blackouts amid heightened tension between India and Pakistan.
A home insurance policy covers damage from earthquakes, fires, explosions, floods, landslides, cyclones, storms, aircraft damage, and acts of terrorism.
https://www.rediff.com/business/report/why-ipo-bound-oyo-seeks-to-rename-parent-firm/20250530.htm
The Supreme Court on Monday sought responses from farmers and their associations, and the Centre to a plea by the Andhra Pradesh government challenging the high court decision which said the state legislature "lacked competence" to make any law for shifting, bifurcating or trifurcating the capital.
A court in Bangladesh has issued fresh arrest warrants against former Prime Minister Sheikh Hasina, her son Sajeeb Wajed, and 16 others in two cases related to alleged irregularities in allocating residential plots on the outskirts of the capital. The warrants were issued based on chargesheets filed by the Anti Corruption Commission (ACC), which alleges that Hasina and her family members illegally acquired plots in Purbachal New Town by abusing state power. The court has ordered police to submit a report by April 29 on the progress of executing the warrants. This is the latest in a series of legal actions against Hasina and her family members since her Awami League regime was toppled last year in a student-led mass uprising.
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.
'Some of the astounding proposals, if translated into statutory provisions, would be suicidal.' 'This would not be a wonder cure for increasing insurance penetration and only result in mushrooming growth of players like paan kiosks with deleterious consequences.'
Clearly, some of the bullishness of the early days has gone missing. Ola's market share is slipping amid rising competition from incumbents like Bajaj Auto and TVS.
'If we truly wish to understand and apply Marx's insights today, we must reject the rigid dogmas that later 'Marxists' imposed in his name.'
'It is imprudent on the part of Indian insurance companies to invest out of the shareholders' fund in a private limited company.'
Chief Justice of India Uday Umesh Lalit Tuesday recused himself from hearing an appeal of the Andhra Pradesh government against the high court verdict that held the state legislature "lacked competence" to make any legislation for shifting, bifurcating or trifurcating the capital.
India will need to grow at an average 7.8 per cent to become a high-income country by 2047, a World Bank report said on Friday. To achieve this goal India would require reforms in financial sector as well as in land and labour market, the World Bank said in its India Country Memorandum titled 'Becoming a High-Income Economy in a generation'.
'Currently, it takes between two and three years to formulate the request for proposal for procuring specific military equipment for the armed forces. It should not be this way.'
Ride-hailing unicorn Rapido is quickly scaling up its four-wheeler segment, which now contributes up to 25 per cent of its total bookings. Aravind Sanka, Rapido's cofounder, in a video interview with Udisha Srivastav/Business Standard, shares insights on the company's plans to expand into the segment, how BluSmart's exit has created an opportunity for the company, its push towards green mobility, and navigating state-specific policies.
A multi-storey residential building collapsed in northeast Delhi's Shakti Vihar area in the early hours of Saturday, leaving 11 people dead and 11 injured, officials said.
Thousands of protesters are out on the streets of Istanbul after the arrest of the city's mayor Ekrem Imamoglu.
The National Investigation Agency (NIA) has alleged that key conspirator Tahawwur Rana, who has been remanded to 18-day NIA custody, devised terror plots similar to the 26/11 Mumbai attacks that were meant to target multiple Indian cities. The NIA believes that the tactics used in the Mumbai attacks were intended for execution in other cities as well, and that similar plots were developed elsewhere. Rana will be questioned in detail in order to unravel the complete conspiracy behind the deadly 2008 attacks, which saw 166 persons being killed and over 238 sustaining wounds.
Kamal has a crisp pen when it comes to writing short and yet powerful film dialogues. But while speaking ex tempore -- and that has been his style -- he looks every bit a confused man, observes N Sathiya Moorthy.
According to the report, four kanals (0.5 acres) of land at H-9/2 in Islamabad was allotted to the community in 2016 for the construction of the first ever Hindu temple, cremation and community centre.
Tahawwur Rana, accused in the 2008 Mumbai terror attacks, has been extradited to India after the US Supreme Court denied his last-ditch effort to avoid being sent back. Rana, a close associate of David Coleman Headley, another key conspirator in the attacks, was expected to be extradited "shortly" after his legal appeals failed. This decision comes after a multi-agency team from India traveled to the US to complete all necessary paperwork and legalities with the US authorities. Rana's extradition marks a significant development in the pursuit of justice for the victims of the Mumbai attacks.
Tahawwur Rana, accused of involvement in the 2008 Mumbai terror attacks, is expected to be extradited to India from the United States soon. The US Supreme Court denied his last-ditch effort to stop his extradition, moving him closer to being handed over to Indian authorities. Rana's extradition is expected to help probe agencies expose the role of Pakistani state actors behind the attacks and shed new light on the investigation. He is associated with Pakistani-American terrorist David Coleman Headley, one of the main conspirators of the 26/11 attacks.
'With a very stable technology with limited functionalities, a large network has spanned out.'
For the Stalin government to win back the confidence of voters ahead of the Lok Sabha polls, post-flooding restoration works, their speed and efficacy would be closely watched, and not just by the political Opposition, notes N Sathiya Moorthy.
With several state administrations flattening the houses of those involved in criminal cases with bulldozers, the Supreme Court on Monday questioned how can anybody's house be demolished just because he is an accused.
In a league defined by change, Sanju Samson's steadfast presence offers a sense of stability and a genuine chance for the Royals to finally reclaim their long-awaited title
In the Union Budget for Financial Year 2023-24 (FY24), Finance Minister Nirmala Sitharaman had held forth on the need for better governance and investor protection in the banking sector. She had proposed certain amendments to the Reserve Bank of India Act (RBI Act), 1934; the Banking Regulation Act (BR Act), 1949; and the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970.
The government is likely to introduce a bill seeking amendments to the Insurance Act, 1938, during the upcoming Budget session to achieve 'Insurance for All by 2047'. Some of the provisions, which could be part of the amendment bill, include composite license, differential capital, reduction in solvency norms, issuing captive license, change in investment regulations, one-time registration for intermediaries and allowing insurers to distribute other financial products, sources said.
The rivalry between Tesla CEO Elon Musk and OpenAI CEO Sam Altman has intensified, centering on a groundbreaking artificial intelligence project known as Stargate, reported The Associated Press.
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