Unprecedented bribery charges, farewells, separation, failed union, monumental mergers and record-breaking IPOs, along with a healthy dose of online happenings in the form of spat and lessons in customer care, corporate India saw it all in 2024.
Akasa Air has reduced its service on 10 routes and stopped operating flights on eight others since the exodus of pilots began in early July. The airline's flights per week reduced from 945 in June to 754 in October, according to aviation analytics firm Cirium's data, which has been reviewed by Business Standard. The airline currently operates flights on 34 routes. Between June and October, Akasa Air ceased operations on the following: Ahmedabad-Kochi, Ahmedabad-Hyderabad, Ahmedabad-Pune, Bengaluru-Hyderabad, Bengaluru-Chennai, Kochi-Hyderabad, Goa-Lucknow, and Goa-Hyderabad.
In a development that may encourage increased investment in commercial real estate, the Supreme Court on Thursday gave the industry relief by permitting input tax credit (ITC) on construction expenses for buildings meant to be leased. "If the construction of a building was essential for carrying out the activity of supplying services, such as renting or giving on lease or other transactions in respect of the building or a part thereof, which are covered by clauses (2) and (5) of Schedule II of the CGST (Central Goods and Services Tax) Act, the building could be held to be a plant," said Justice Abhay S Oka and Justice Sanjay Karol.
The Aam Aadmi Party on Monday said it will organise a 'maha rally' on June 11 against the Centre's 'black ordinance' that effectively gives the lieutenant governor control over administrative services, negating a Supreme Court order in favour of the Kejriwal dispensation.
Vice President Kamala Harris, who is the Democratic presidential candidate, in an op-ed on Saturday, recollected her frequent visit to India as a child, and her mother's mission to cure cancer.
Sri Lankan President Anura Kumara Disanayaka assured Prime Minister Narendra Modi that his country's soil will not be used against India's interests, addressing concerns over China's growing influence in Colombo. The two leaders discussed a range of issues, including a defense cooperation agreement, energy ties, and debt restructuring. They also agreed to initiate a ferry service between Rameshwaram and Talaimannar, and to adopt a "humanitarian approach" to the fishermen issue.
A group of retired civil servants on Tuesday wrote an open letter to Chief Justice of India N V Ramana seeking intervention by the Supreme Court in the alleged illegal detention, bulldozing of residences and police violence in Uttar Pradesh following protests against certain objectionable remarks made by two now-removed Bharatiya Janata Party functionaries.
The Chhattisgarh government has decided to set up model fair-price shops (FPS) in each district and encourage owners to act as banking correspondents for providing financial services. The state has around 12,300 fair-price shops across 33 districts. The state government is, however, encouraging FPS owners to provide a host of services besides acting as a banking correspondent.
More than 80 domestic and international flights of various Indian airlines received bomb threats on Thursday, according to sources.
Adani group founder and chairman Gautam Adani and his nephew Sagar have been summoned to explain their stand on the US Securities and Exchange Commission (SEC) allegation of paying $265 million (Rs 2,200 crore) in bribes to secure lucrative solar power contracts. Summons have been sent to Adani's Shantivan Farm residence in Ahmedabad and his nephew Sagar's Bodakdev residence in the same city for a reply to SEC within 21 days.
Abu Dhabi's International Holding Company (IHC), one of the largest sovereign funds that manages assets close to $100 billion, has reaffirmed its support to the Adani Group, saying its outlook on investments in the group remains unchanged despite the US indictment of the conglomerate's founder chairman Gautam Adani. "Our partnership with the Adani Group reflects our confidence in their contributions to the green energy and sustainability sectors," IHC, one of Adani group's key foreign investors, said in a statement.
If you spread your investments and get exposure to many asset classes, then that is called diversification. Asset allocation is the process of allocating your money to different investments. And they offer tremendous advantages, says Rishi Piparaiya.
Scheduled international passenger flights to and from India remain suspended since March 2020 amid the coronavirus pandemic. The suspension has been extended till November 30.
The body of the post-graduate trainee doctor with severe injury marks was found on Friday inside the seminar hall of the state-run RG Kar Medical College and Hospital's chest department. The preliminary autopsy report suggested she was subjected to violent sexual assault.
States like Uttar Pradesh, Uttarakhand, Gujarat, Odisha, Madhya Pradesh and Chhattisgarh had on Friday announced similar incentives.
On Thursday, the apex court ruled that the Delhi government has legislative and executive powers over the administration of services, except for public order, police and land.
The Pakistan government has issued an order barring all government employees from using social media without permission to stop disclosure of official information and documents, The News International reported.
Religare Enterprises, a financial services firm, has disclosed that the Reserve Bank of India (RBI) turned down its application to appoint Rakesh Asthana as its whole-time director in May this year without citing any reasons. Asthana is a former top official of the Central Bureau of Investigation (CBI). In a notice to the stock exchanges, Religare said that while the company and Asthana were weighing the options of dealing with the letter of refusal by the RBI, it was also busy in preparing for the "herculean task" of making ready multiple applications to regulators.
The collapse of a three-storey building in Punjab's Mohali has claimed two lives, with rescuers pulling out the body of a man and a fatally injured woman from under the rubble during a multi-agency 23-hour rescue operation that concluded Sunday evening, officials said.
A Nepalese private plane crashed and caught fire shortly after taking off from the Tribhuvan International Airport in Kathmandu on Wednesday, killing 18 people aboard, including a child, and seriously injuring the pilot -- the only survivor.
The toll in the clashes between police and protesters opposing a court-ordered survey of a Mughal-era mosque in Sambhal, Uttar Pradesh, rose to four following the death of one more injured person, officials said on Monday.
Besides the police and fire force personnel, volunteers of various service and youth outfits, survivors of the landslides and kin of the victims also became part of the search operations.
This year, eight eminent individuals are being given Padma Bhushan and 54 are being conferred with Padma Shri awards, besides the two Padma Vibhushan recipents.
The government on Thursday listed bills on personal data protection, to amend forest conservation laws and on the contentious ordinance on Delhi services for the monsoon session of Parliament beginning next week.
The central government has decided to retain the civil services aptitude test and set the qualifying limit at minimum 35 per cent.
This is the first conversation between Modi and Yunus after he assumed the responsibility following the fall of the Sheikh Hasina-led government.
He also pointed out the high sums earned by the coaching centres leading to the commercialisation of education.
'Earlier in my career DGs were nearly 100 per cent honest.' 'By the time I retired, many DGs have not been honest.' 'One DG asking me to go and meet a home minister whom everybody knew is a corrupt guy.' '
'There is a difference between a politician and leader.' 'A politician will have his pound of flesh first and do everything else later.' 'A leader will sacrifice everything to help people.'
Several cafes and restaurants are boarded up from outside but still promising they are open. As Americans voted Tuesday, the capital prepared itself for potential unrest.
The BJP has been talking about Ram Rajya for years now. I have asked many a right winger what that means, but they cannot say beyond good government, notes A Ganesh Nadar.
Cutting across party lines, leaders strongly condemned the attack on Trump while he was addressing an election rally in Butler, which is about 56 km north of Pittsburgh in Pennsylvania.
Date, a 1990 Indian Police Service officer of the Maharashtra cadre who once sold newspapers in Pune to financially support his family, was honoured with the President's Police medal for gallantry for his role in what has come to be known as the 26/11 attack.
Two passengers died and 75 others were rescued after a speed boat crashed into a ferry off the Mumbai coast. The ferry, carrying 80 passengers and five crew members, was on its way to Elephanta Islands when the speed boat circled it before crashing into it. The Navy and Coast Guard launched a massive rescue operation, with 11 Navy boats, three Marine Police boats, and a Coast Guard boat deployed. Four helicopters were also involved in the search and rescue operation. Police, Jawaharlal Nehru Port Authority personnel, and local fishermen are assisting in the rescue efforts. Chief Minister Devendra Fadnavis said that seven to eight passengers remain missing.
Three people were killed and scores of others, including around 20 security personnel and four personnel of the administration, were injured as protesters opposing a court-ordered survey of a Mughal-era mosque in Sambhal, Uttar Pradesh clashed with police on Sunday.
The attack, which claimed the lives of seven individuals, including a local doctor and two labourers from Bihar, has raised concerns about the unreported trend of local youths joining terrorist groups in Kashmir during this period.
Annamalai has faced criticism for the breakup between the AIADMK and the BJP, but BJP leaders say 'he attracts youth, who needs change'.
Based on a private complaint filed under Section 200 of the CrPC by Raghavendra Raju, the judicial officer "acted in undue haste" without conducting any preliminary enquiry and without recording the statement of the complainant, the high court said.
Nearly 650 people have been killed in the recent unrest in Bangladesh between July 16 and August 11, the United Nations Human Rights Office has said in a preliminary report, suggesting a thorough, impartial and transparent investigation into reports of extrajudicial killings, arbitrary arrests and detentions.
The DGCA had conducted an enquiry into alleged lapses in conversion training of some pilots. After the conversion training, a narrow body pilot can operate wide body aircraft.
