The government is working to make India's automobile industry number one in the world within five years, Union Minister Nitin Gadkari said on Monday. Inaugurating the 'International Value Summit 2025', Gadkari said the automobile sector pays maximum GST revenue to the government and generates employment opportunities.
The Canara Bank on Thursday informed the Bombay high court that it has withdrawn its order classifying as "fraudulent" the loan account of a firm linked to industrialist Anil Ambani. After the bank's disclosure, a bench of Justices Revati Mohite Dere and Neela Gokhale disposed of the petition filed by Ambani challenging the bank's order, saying nothing survives in it.
'The investigation is at a very critical stage. We are not going to give every single document.'
According to a circular dated July 31 and signed by Interim Committee chief Ajay Singh, the Annual General Meeting (AGM) of the BFI will be held on August 21 in Delhi-NCR.
'This is not a case of tax evasion but the result of long-standing ambiguities in GST rules and unawareness.'
Heavy overnight rainfall caused widespread flooding in Kolkata, disrupting traffic, public transport, and daily life. Train and Metro services were suspended, and many areas experienced significant waterlogging.
'India may never fully participate in the AI hype cycle, but we can position ourselves to benefit from its inevitable disenchantment and the cycle of disillusionment,' alerts Akash Prakash.
'I can sanction projects worth Rs 20 trillion annually as of today.' 'But my system is only capable of executing projects worth Rs 3 trillion to Rs 4 trillion.'
The Central Bureau of Investigation has filed a case against Reliance Communications and its promoter-director Anil Ambani, for an alleged bank fraud that caused a loss of over Rs 2,000 crore to State Bank of India, officials said on Saturday. The agency is carrying out searches at the residence of Anil Ambani and premises linked to RCOM in connection with the case, they said.
Female students alleged that Saraswati used abusive language, sent obscene messages, and made unwanted physical advances.
Female students of Sri Sharada Institute of Indian Management, Delhi were allegedly forced to visit the quarter of self-styled godman Swami Chaitanyananda Saraswati late at night and one of them was even forced to change her name, the FIR filed against him read.
With the rise of digital classrooms, students are often asked to create videos, prepare slideshows or use online research to complete assignments. 'We are glad that children are not spending hours copying notes in the name of homework but even now parents end up doing or supporting a major portion of the homework.'
The police are also likely to take custody of Lawrence Bishnoi, who is currently lodged in a jail in Gujarat's Sabarmati, and was also contemplating invoking the stringent Maharashtra Control of Organised Crime Act in the case, he said.
The tax department has created many circular traps -- flawed reporting formats, penalties for those who point out the flaws, and faceless assessors with no accountability. The result: Millions of taxpayers face needless harassment and procedural dead ends, highlights Harsh Roongta.
The Bombay high court on Thursday quashed the Look Out Circulars (LOCs) issued against Rhea Chakraborty, her brother and father by the Central Bureau of Investigation (CBI) in connection with its probe into the death of actor Sushant Singh Rajput.
The RBI will introduce a new mechanism from October 4 for clearance of cheques within hours of being presented to banks, reducing the current time period of up to two working days. Cheques will be scanned, presented, and passed in a few hours and on a continuous basis during business hours.
"During a competition called 'Third Degree', the jury asked the participants to strip to their underwear," a senior official said.
Last fortnight, State Bank of India Chairman C S Setty lifted the veil on a subject long spoken of in corporate corridors: Why can't our banks finance mergers and acquisitions (M&As)? Change is in the air: Indian Banks' Association (of which Setty is the chairman) is to "make a formal request" to Mint Road to make way for it. Thus far the exclusive turf of foreign banks even though its funding remains offshore - as in, it's not on these entities rupee-book (and a few select shadow banks) - a most lucrative segment in the investment banking suite, M&As, will be homeward-bound.
Dr. Vece Paes laid to rest as Ganguly, Tirkey join mourners in funeral procession
The move is aimed at making settlement of claims or return of articles from a locker smooth for relatives after the death of a customer.
Nitin Gadkari said AI will be used to detect landslides, waterlogging and accident-prone spots on highways, while highlighting logistics cost cuts and road safety initiatives
The Reserve Bank on Monday permitted banks to allow minors above the age of 10 years to open and operate savings/ term deposit accounts independently. The Reserve Bank of India has issued revised instructions on opening and operation in the deposit accounts of minors.
The Enforcement Directorate has upgraded its Look out Circular (LC) issued against Byju's founder and CEO Byju Raveendran in connection with a FEMA probe, seeking to stop him for going abroad. The earlier such alert meant that immigration authorities had to just intimate the agency about his movements through various ports. Official sources said that the over an year old LC was revised sometime back in light of investors' concerns and ongoing adjudication of a FEMA contravention case against Raveendran and some others.
The Nagpur municipal chief has offered an unconditional apology to the Bombay High Court for the demolition of houses belonging to accused in a riots case, citing ignorance of Supreme Court guidelines on such actions. The civic officials were unaware of the Supreme Court's order, which mandates procedural safeguards before demolishing properties linked to riots accused, the commissioner stated in an affidavit. The court has granted the Maharashtra government two weeks to respond to the matter.
Market regulator Sebi on Thursday said that timelines for portfolio rebalancing in mutual fund schemes will now be applicable to all types of passive breaches across actively managed schemes, which was earlier limited to only asset allocation. A passive breach refers to unintended deviations from the mandated asset allocation or regulatory limits that do not arise from the direct actions or omissions of asset management companies (AMCs).
The Ordnance Factory Chanda in Chandrapur district, Maharashtra, has cancelled all leaves for its employees, citing "national security and operational urgency." The decision comes after instructions from Munitions India Limited (MIL).
Reliance Group Chairman Anil Ambani on Tuesday appeared before the Enforcement Directorate here for questioning in a money laundering case linked to alleged multiple bank loan fraud cases worth crores of rupees against his group companies, official sources said.
The head priest of the Akal Takht has justified the killing of social media influencer Kanchan Kumari, saying "nothing wrong has happened" and nobody should listen to obscene songs.
VF 7 and VF 6, as the models are called, will go on sale in August after the inauguration of VinFast's plant in Thoothukudi in Tamil Nadu, and deliveries will follow later.
Insurance companies are processing a surge of claims related to the Air India plane crash in Ahmedabad, including travel, personal accident, and life insurance claims.
Aviation regulator DGCA has issued four show cause notices to Air India for various violations related to cabin crew rest and duty norms, cabin crew training rules and operational procedures, a month after the airline made certain voluntary disclosures to the watchdog.
The Supreme Court addressed the issue of probe agencies summoning lawyers for providing legal advice to clients under investigation, emphasising that lawyers should not be summoned merely for offering legal advice but can be if they are assisting in the crime. The court is considering guidelines to prevent investigative overreach and protect lawyer-client privilege.
There have been multiple instances of the same entity appearing as both a public shareholder as well as under the promoter classification in some listed companies. And this dual-classification happened in the same quarter, according to data compiled by primedatabase.com.
Sebi on Wednesday revised the disclosure requirements for Real Estate Investment Trusts and Infrastructure Investment Trusts, revising norms related to financial information in offer documents and post-listing disclosures. Under the new rules, REITs and InvITs issuing offer documents or follow-on offers must disclose audited financial statements for the last three financial years and a stub period, if applicable, Sebi said in two separate circulars.
Five companies have submitted resolution plans for Jaiprakash Associates Ltd (JAL), the flagship company of the beleaguered Jaypee group, the company has said in a stock exchange filing. The Adani group, Vedanta, Jindal Steel & Power, Dalmia Bharat, and PSP Projects are the final bidders and the offers range from Rs 10,000 crore to Rs 11,000 crore, said a source close to the development.
The Reserve Bank of India on Friday permitted banks to increase charges on ATM cash withdrawals beyond the mandatory free monthly usage by Rs 2 to Rs 23 per transaction from May 1.
The sons of Hizb-ul-Mujahideen chief Syed Salahuddin, Syed Ahmad Shakeel and Syed Shahid Yusuf, have challenged a rule in the Delhi Prison Rules that bars those accused of offences against the state, terrorist activities, and other heinous crimes from using telephonic and electronic communication facilities. The two prisoners, currently lodged in different Delhi jails, are seeking restoration of their phone call facilities, alleging that the restrictions are arbitrary and unreasonable. The Delhi High Court has posted the matter for further hearing on May 22.
Investors will be able to authenticate if the entity receiving the payment is a valid entity under the ambit of Sebi.
'Vigilance' is a dreaded term for PSB employees and there are instances where this fear is misused by the higher authorities to tame their subordinate officials. This fear always deters PSB executives from making decisions -- the fewer the decisions, the less the chance of falling into trouble, points out Tamal Bandyopadhyay.
On the 83rd anniversary of the Quit India movement, Utkarsh Mishra recalls the conditions under which the Congress, led by Mahatma Gandhi, launched the final struggle for independence.
