The Supreme Court on Wednesday stayed the operation of sedition law, and ruled that all pending cases, appeals and proceedings with respect to charges framed for sedition should be kept in abeyance.
Reserve Bank of India Deputy Governor M Rajeshwar Rao on Wednesday said while the central bank will foster growth in the microfinance (MFI) sector, the lenders in the space should not throw caution to the wind to achieve higher asset growth and returns. MFIs should not try to mimic the strategies of mainstream finance, as those serving the microfinance borrowers have a greater need to balance the social objectives with their lending operations, he said.
The Supreme Court on Friday stayed criminal proceedings against former chairman of Wipro, Azim Premji, and his wife on their plea seeking quashing of the summons issued by a Bengaluru trial court on a "frivolous"and "mischievous" complaint filed by an NGO alleging breach of trust and corruption in merger of three firms with a Premji group firm. A bench of Justices Sanjya Kishan Kaul, Dinesh Maheshwari and Hrishikesh Roy also issued notice to an NGO, Indian Awake for Transparency and others and sought their response. Senior advocates Mukul Rohatgi, A M Singhvi appearing for Premji and others said that the complaint was "mischievous" in nature.
The Supreme Court Tuesday extended the stay on criminal proceedings against former Wipro chairman Azim Premji, his wife and others on their plea seeking quashing of summons issued by a Bengaluru court on a "frivolous" and "mischievous" complaint filed by an NGO alleging breach of trust and corruption in merger of three companies with a Premji group firm. A bench of justices S K Kaul and M M Sundresh was hearing an appeal filed by Premji challenging the Karnataka high court order of May 15 which had rejected their pleas for quashing of the January 27 summons issued by the trial court.
The Centre on Tuesday said it will not seek disclosure of flash sales from e-commerce players to regulate the fraudulent sale of goods and services but will take appropriate action as per the law on consumer complaints. Discount sales that benefit maximum to consumers will continue, but not fraudulent flash sales on the e-commerce platforms, the government said, adding that the e-tailers need not be "anxious" about the draft rules. Ban on fraudulent flash sales, mis-selling and appointment of chief compliance officer/grievance redressal officer -- are among key amendments proposed to the Consumer Protection (e-commerce) Rules, 2020, on which the government has sought public comments by July 6.
The Delhi high court on Wednesday sought a response from Boxing India on a plea challenging International Boxing Association's (AIBA) decision to suspend boxer Sarita Devi for refusing to accept the bronze medal at the Asian Games in South Korea.
Ajit Mishra, vice president, research, Religare Broking, answers your queries.
With automation taking place at a much faster pace across industries especially in the tech space, domestic software firms that employee over 16 million are set to slash headcounts by a massive 3 million by 2022, which will help them save a whopping $100 billion mostly in salaries annually, says a report. The domestic IT sector employs around 16 million, of them around 9 million are employed in low-skilled services and BPO roles, according to Nasscom. Of these 9 million low-skilled services and BPO roles, 30 per cent or around 3 million will be lost by 2022, principally driven by the impact of robot process automation or RPA. Roughly 0.7 million roles are expected to be replaced by RPA alone and the rest due to other technological upgrades and upskilling by the domestic IT players, while it the RPA will have the worst impact in the US with a loss of almost 1 million jobs, according to a Bank of America report on Wednesday.
Top five India-based IT services providers grew 23.8 per cent last year compared to 7.7 per cent growth logged by the overall global IT services market, research firm Gartner said on Monday.
Indian IT companies have been under pressure to return excess cash on their books to shareholders through generous dividends and buybacks
'Section 153A is not meant to protect fragile sentiments of the majority Hindu community who choose to get offended by slogans celebrating the success of the Pakistani cricket team.'
Chaitanya was working in Cognizant Technologies on a Southeast Airlines project.
As the feud continues between Zee and Invesco, appellate body NCLAT on Thursday directed the National Company Law Tribunal (NCLT) to give reasonable opportunity to the media major to reply to Invesco's plea for holding a meeting of shareholders, and also remarked that the tribunal made an "error" by not providing sufficient response time. With the order capping a day of fast legal developments at the NCLAT as well as the NCLT within a span of a little over an hour, the spat between Zee Entertainment Enterprises Ltd (ZEEL) and minority shareholder Invesco will now come up for hearing before the NCLT on Friday. Invesco is seeking the ouster of ZEEL MD and CEO Punit Goenka and appointment of six new directors on its board.
The IT services giant is also slated to hold a board meeting on April 13 and 14, to approve of and take on record the consolidated financial results of the company for the quarter and year ended March 31, 2021. Indian IT majors will be announcing their fourth quarter (Q4) and 2020-21 results starting April 12. At the end of the Q3 FY21 Infosys had cash and investment of $4.5 billion.
Attrition is driving the hiring effort on campuses.
"No meeting will be held between farmers and the government tomorrow. The minister has said that a proposal will be given to the farmer leaders tomorrow (December 9). Farmer leaders will hold a meeting over government's proposal," Mollah had told the media on Tuesday.
Available data obscures the true stress in bank books, and the pandemic will result in balance sheet impairments and capital shortfalls at lenders, RBI Governor Shaktikanta Das said on Monday. Balance sheet impairment and capital shortfalls will be more evident once the regulatory reliefs are rolled back, Das said in the bi-annual Financial Stability Report, asking lenders to augment capital.
The Delhi high court has quashed four FIRs lodged for the alleged offences of looting and setting on fire a compound during the North East Delhi riots last year, saying there cannot be a second FIR and fresh investigation for the same cognisable offence.
A culture of science and innovation must be embedded in society wherein people not only use new technology but understand it as well. Without this, obscurantism and blind faith can sit side by side with digital technology and, in fact, use the same technology to reinforce their hold on people, says Shram Saran.
Husbands need to take equal share, parents can lend a hand. It is important for women to dispel any self-doubt they have.
The Friday morning encounter of all the four accused in the brutal rape-and-murder case of a 25-year-old woman veterinarian last month in Hyderabad triggered a nationwide debate on justice delivery, with one side supporting it as speedy justice and the other raising concerns over 'extra-judicial' measures. Here is a look at the legal status of some rape cases which shook the country.
Businessman P C Mustafa wants Indian Americans to return home, Cognizant CEO Francisco D'Souza outlines how Indian tech companies could grow, Gaurav Dalmia has some investment recommendations while Subramanian Swamy warns that India is flirting with a debt trap.
Google is the most attracitve employer in India followed by Sony
The analyst community tracking the Indian IT services industry took special note of Accenture's first quarter (Q1) performance, which showcased the rapid growth of its consulting business that outperformed its outsourcing business. Bookings indicate that the trend will continue. Consulting bookings increased 41.6 per cent year-on-year (yoy) to $9.4 billion, higher than the 17.6 per cent growth in outsourcing to $7.4 billion. The management commentary was also more bullish on the consulting business.
The market price action seems to point in this direction. Let's hope we finally break out. It is about time! asserts Akash Prakash.
'The committee was confident that the recommendations will pave the way to resolve the ongoing farmers' agitation'
'We are anticipating that the hiring trend will continue to see double-digit growth at least for the current financial year.'
In a statement, the Guild demanded that such FIRs be withdrawn immediately and the media be allowed to report without fear and with freedom.
The Taliban have postponed the formation of a new government in Afghanistan for next week, their spokesman Zabiullah Mujahid said on Saturday, as the insurgent group struggles to give shape to a broad-based and inclusive administration acceptable to the international community.
A trial has shown that plasma therapy does not reduce mortality or prevent progression of COVID-19.
Elliott Capital's letter to Cognizant, detailing how the latter can reinvent itself, has many lessons for its India-listed peers like TCS and Infosys, says Akash Prakash.
'We have focused on profitable revenue, cash generating businesses, throughout our journey.'
India summoned the Pakistani charge d'affaires in New Delhi and lodged a firm protest, expressing grave concerns at this reprehensible incident and the continued attacks on the freedom of religion of the minority communities and their places of religious worship in Pakistan.
The demand for Tharoor's removal comes days after the Parliamentary Standing Committee on Information and Technology was set to question government officials on the Pegasus spyware issue.
Modi said that violence, abuse and rude behaviour against frontline workers is not acceptable
The pace of job generation has slowed as IT firms look at automation to do testing
To avoid season pricing, keep a close eye on the calendar and begin planning travel at least 60 to 90 days in advance keeping tentative dates in mind.
No longer Bengal's finance minister, Amit Mitra, Mamata's principal chief advisor, will still advise and aid the 'chief minister and finance department on all matters relating to management of state finance', represent the 'state government in national and international events/meetings/committees' and examine 'important proposals/files and policy issues relating to financial matters referred to him for advice/views'.
India's table tennis player Soumyajit Ghosh has been provisionally suspended by his country's governing body after an 18-year-old woman filed a rape allegation against him with the police.
The Centre has informed the Supreme Court that the North and South blocks, which cover nearly 27 acres housing government offices in national capital, are proposed to be converted into national museums.
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