News for 'Controller of Capital Issues'

Demolition drive in Delhi's Mehrauli ahead of G20 meet sparks protests

Demolition drive in Delhi's Mehrauli ahead of G20 meet sparks protests

Rediff.com11 Feb 2023

The action was taken under a demolition drive, which will be carried out till March 9, officials said. It comes a month ahead of a G20 meeting planned to be hosted at the archaeological park in south Delhi.

Lalu returns to Patna as Bihar politics heats up

Lalu returns to Patna as Bihar politics heats up

Rediff.com26 May 2022

Ailing Rashtriya Janata Dal chief Lalu Prasad has returned to his home turf Bihar, amid escalating political temperatures over issues of caste census, the Rajya Sabha biennial polls and the Central Bureau of Investigation (CBI) registering yet another corruption case against the septuagenarian.

Russia seizes strategically important city of Kherson; bombing in Kyiv

Russia seizes strategically important city of Kherson; bombing in Kyiv

Rediff.com3 Mar 2022

The fall of Kherson -- a city of 300,000 people, northwest of the Crimean peninsula -- is significant because it would allow the Russians to control more of Ukraine's southern coastline and to push west toward the city of Odessa, the NYT reported.

Global Fuel Prices Lower, But Pump Rates Still High

Global Fuel Prices Lower, But Pump Rates Still High

Rediff.com8 Jun 2023

Global oil prices have slumped and India has access to larger amounts of discounted Russian crude oil, yet refiners are not passing on their savings to consumers

Bihar's 1-day verdict judge moves SC against suspension

Bihar's 1-day verdict judge moves SC against suspension

Rediff.com29 Jul 2022

A bench of Justices UU Lalit and SR Bhat issued notices, including to the state of Bihar, on the plea filed by Shashi Kant Rai, an additional district and sessions judge in Araria.

Amid payoff charge, NCB's Sameer Wankhede visits Delhi office

Amid payoff charge, NCB's Sameer Wankhede visits Delhi office

Rediff.com26 Oct 2021

The officer entered the NCB office in the R K Puram area through a back entry gate and is understood to have met his senior officers.

J'khand police remove posters of Ranchi violence accused after JMM objection

J'khand police remove posters of Ranchi violence accused after JMM objection

Rediff.com15 Jun 2022

Even as the ruling Jharkhand Mukti Morcha opposed the police's move, the law enforcers said the errors would be rectified and the posters put up again.

Rahul Gandhi's expectations from wife: 'A loving person who is intelligent'

Rahul Gandhi's expectations from wife: 'A loving person who is intelligent'

Rediff.com23 Jan 2023

Viewed as India's most eligible bachelor by some, Congress leader Rahul Gandhi says he'll get married when the right girl comes along and part of the problem is that his parents' "really lovely marriage" has set the bar very high.

Will Ambani-Adani's Dominance Fade Away?

Will Ambani-Adani's Dominance Fade Away?

Rediff.com26 Nov 2021

It's hard to say because of the winner-take-all nature of new platform and network businesses, but Reliance has not been an efficient user of capital, and Adani numbers are varied, observes T N Ninan.

Firecrackers not a religious matter, let people breathe, says Delhi minister

Firecrackers not a religious matter, let people breathe, says Delhi minister

Rediff.com3 Nov 2021

Bursting firecrackers is not a matter of religion, it affects people's lives, Delhi environment minister Gopal Rai said on Wednesday and urged the Opposition not to jeopardise the well-being of children and the elderly for political ambitions.

China's Military Upgrade A Cause Of Concern

China's Military Upgrade A Cause Of Concern

Rediff.com28 Mar 2023

The further expansion and upgrade of the Chinese military does not augur well for India, which continues to confront an increasingly belligerent China on its borders, notes former foreign secretary Shyam Saran.

Wuhan to test all residents as COVID cases emerge after a year

Wuhan to test all residents as COVID cases emerge after a year

Rediff.com3 Aug 2021

The city, which reported the first case of COVID-19 in late 2019, has also upgraded its epidemic response measure, locking down the area where local COVID-19 infections have been reported while upgrading its risk levels, Chinese state media Global Times reported.

Need I-T nod for transfer of shares, says NDTV, Adani says it's misconceived

Need I-T nod for transfer of shares, says NDTV, Adani says it's misconceived

Rediff.com1 Sep 2022

NDTV promoter group firm RRPR Holding has told VCPL, which along with two other Adani group firms has launched a hostile takeover bid for the media firm, that its stakeholding in NDTV has been provisionally attached by the I-T authorities and require their approval for the transfer. The contention has been rejected by the Adani group, which termed it as "misconceived and misleading" statements while asking RRPR Holding to convert the warrants into equity shares. In a regulatory filing, NDTV said that its founders Radhika and Prannoy Roy have informed that RRPR Holding has intimated Adani group firm Vishvapradhan Commercial Pvt Ltd (VCPL) that the attachment of the shareholding, notified in 2018, shall remain in place until the completion of reassessment proceedings.

Delhi LG Anil Baijal resigns citing personal reasons

Delhi LG Anil Baijal resigns citing personal reasons

Rediff.com18 May 2022

He was appointed the national capital's LG in December, 2016.

Over 27k Delhi police personnel deployed for R-Day security

Over 27k Delhi police personnel deployed for R-Day security

Rediff.com23 Jan 2022

Delhi police commissioner Rakesh Asthana on Sunday said over 27,000 police personnel have been deployed for Republic Day security duties in the national capital and anti-terror measures intensified.

Reliance Retail says e-com cos bypassing FDI norms

Reliance Retail says e-com cos bypassing FDI norms

Rediff.com26 Mar 2021

Billionaire Mukesh Ambani's Reliance Retail on Thursday told the government that complex legal structures have been used by some firms to bypass the country's e-commerce rules which from the very beginning do not allow foreign capital in the inventory-based model. At a meeting called by the commerce ministry on allegations that foreign online retailers created complex structures to bypass foreign investment rules and damage small traders, Amazon urged the government not to issue any clarification until investigations into its business practices had been concluded, sources said. At the meeting, Reliance Retail's representatives said the Indian e-commerce policy does not allow foreign capital in the inventory-based model and foreign investment is allowed only in pure technical infrastructure/ platform that facilitates the meeting of buyer with sellers.

Pollution: SC gives Centre, Delhi govt 24 hrs; schools shut

Pollution: SC gives Centre, Delhi govt 24 hrs; schools shut

Rediff.com2 Dec 2021

Stating that 'we cannot...infuse creativity in your bureaucracy', the apex court warned it will have to do something extraordinary if the authorities failed to control pollution.

Is Sharad Pawar Buying Insurance?

Is Sharad Pawar Buying Insurance?

Rediff.com5 May 2023

Sharad Pawar reckons that the NCP has value as a united, going concern, not as a gaggle of leaders in search of followers, notes Shreekant Sambrani.

Adani row: Strengthen regulatory system to protect investors, SC tells govt

Adani row: Strengthen regulatory system to protect investors, SC tells govt

Rediff.com10 Feb 2023

The Supreme Court on Friday said there should be a robust mechanism to ensure that the interests of Indian investors are protected in the stock market and sought views of the Centre and market regulator SEBI on PILs alleging exploitation of innocent investors and "artificial crashing" of the Adani group's stock value.

Haryana passes resolution on SYL canal, transfer of Hindi-speaking areas in Punjab

Haryana passes resolution on SYL canal, transfer of Hindi-speaking areas in Punjab

Rediff.com5 Apr 2022

The Haryana assembly on Tuesday passed a resolution seeking the completion of the SYL canal and the transfer of Hindi-speaking areas from Punjab, while denouncing the neighbouring state for staking its claim over Chandigarh.

Why BPCL divestment is on the slow track

Why BPCL divestment is on the slow track

Rediff.com12 Apr 2022

In December 2019, the India arm of Deloitte Touche Tohmatsu surprised many with its ultra-competitive bid to become the transaction advisor for the country's largest strategic divestment in Bharat Petroleum Corporation (BPCL). The multinational major quoted just Rs 1; the second-highest bidder, SBI Caps, reportedly quoted Rs 15-17 crore. For Deloitte, the motivation was to bag a prestigious deal adding a national energy company to its portfolio. No doubt, it expected BPCL to go to a marquee buyer in quick time.

Schools, colleges shut, trucks banned: Delhi's steps to curb pollution

Schools, colleges shut, trucks banned: Delhi's steps to curb pollution

Rediff.com18 Nov 2021

The Delhi government has banned construction and demolition activities in the city till November 21.

Foreign e-com cos creating massive unemployment, alleges RIL

Foreign e-com cos creating massive unemployment, alleges RIL

Rediff.com23 Mar 2021

Capital dumping is being used by foreign e-commerce firms to subsidise and engage in predatory pricing, oil-to-telecom conglomerate Reliance Industries (RIL) has told the Associated Chambers of Commerce and Industry of India (Assocham) in an internal document. The document alleges that this is leading to massive unemployment and financial distress among small merchants and kirana stores. It consists of various recommendations and proposed changes that deal with Press Note 2 of 2018 (PN 2), which RIL wanted Assocham to present to the government, according to sources.

Jet Air to cut salaries, send many staff on leave without pay

Jet Air to cut salaries, send many staff on leave without pay

Rediff.com18 Nov 2022

Jet Airways, which is yet to resume operations under its new owner, will reduce salaries for various staff and send many employees on leave without pay, amid uncertainty over resumption of its operations. The measures, which will be effective from December 1, were revealed hours after the winning bidder Jalan-Kalrock Consortium (JKC) said it might take "difficult" near-term decisions to manage cashflows. The once-storied airline shuttered operations in April 2019 and JKC's resolution plan was approved under the insolvency process by the National Company Law Tribunal (NCLT) in June last year.

Amazon accused of violating FEMA norms

Amazon accused of violating FEMA norms

Rediff.com4 Nov 2020

Traders' body CAIT on Wednesday accused e-commerce major Amazon of indulging in serious contraventions of FDI policy and Foreign Exchange Management Act. The body also blamed the online firm for not seeking the government's approval for conducting multi-brand retail activities in India.

Confusion In The Crypto Universe

Confusion In The Crypto Universe

Rediff.com23 Feb 2022

While the tax treatment does legitimise past crypto transactions, there is a possibility that any, or all, private cryptocurrencies will be banned in future.

Abramovich completes Chelsea sale to Boehly-led consortium

Abramovich completes Chelsea sale to Boehly-led consortium

Rediff.com30 May 2022

Russian owner Abramovich put the club up for sale in early March following Russia's invasion of Ukraine, which Moscow calls a "special military operation". Sanctions on Abramovich had also complicated the sale process.

The A-W Of Desi Guests At the White House Dinner

The A-W Of Desi Guests At the White House Dinner

Rediff.com24 Jun 2023

The dinner Jill Biden and her husband US President Joe Biden hosted for Indian prime minister Narendra Modi, June 22, at the White House brought together, Indians and Americans from so many firmaments.

Sebi likely to tighten norms for IPO price bands, investors

Sebi likely to tighten norms for IPO price bands, investors

Rediff.com27 Dec 2021

A December 28 board meeting of the Securities and Exchange Board of India (Sebi) may tighten norms for initial public offerings (IPOs). The board may look to prescribe a minimum 5 per cent gap in IPO price bands, extend the lock-in period for anchor investors to 90 days and cap the amount a majority investor can sell through offer for sale. The regulator is looking at whether there can be a preferred allocation for anchor investors who opt for a longer lock-in period, said a person familiar with the matter.

Air pollution in Delhi-NCR: No relief likely till Sunday

Air pollution in Delhi-NCR: No relief likely till Sunday

Rediff.com17 Nov 2021

The minimum temperature in the capital dropped to 9.6 degrees Celsius, three notches below normal and the lowest this season so far. The maximum is likely to settle around 27 degrees Celsius, the India Meteorological Department said.

BPCL privatisation stalled as bidders walkout

BPCL privatisation stalled as bidders walkout

Rediff.com18 May 2022

Privatisation of BPCL, which was dubbed India's biggest ever, has been stalled with just one bidder left in the fray after two others walked out over issues such as lack of clarity in fuel pricing, a top source said. The government had planned to sell its entire 52.98 per cent stake in Bharat Petroleum Corporation Ltd (BPCL) and invited Expression of Interest from bidders in March 2020. At least three bids came in by November 2020 but only one remains now after the others withdrew from the race.

Raking up beef issue will hurt the BJP

Raking up beef issue will hurt the BJP

Rediff.com13 Oct 2015

'By resorting to divisive issues, the BJP is giving the impression that even if it is voted to power it won't do anything new to give Bihar a facelift. It will repel voters with the belief that the BJP can't do anything without communal polarisation as its core ideology. This is sad and unfortunate,' says Mohammad Sajjad.

Toxic New Delhi shamed as cricketers, footballers face breathing issues

Toxic New Delhi shamed as cricketers, footballers face breathing issues

Rediff.com6 Dec 2017

India's state-run NTPC is launching bids for clean technology for two coal-fired power plants near New Delhi, officials said, as criticism mounts over the country's failure to end a toxic smog which strikes the capital every winter.

Monkeypox case in Delhi takes India's tally to 4; govt holds high-level meet

Monkeypox case in Delhi takes India's tally to 4; govt holds high-level meet

Rediff.com24 Jul 2022

The man had attended a stag party recently in Manali in Himachal Pradesh.

The Gujaratification Of India

The Gujaratification Of India

Rediff.com12 Jan 2022

The Gujarati's intolerance for diversity can be seen in India's hard nationalism which is showing itself in Kashmir and the North East, observes Aakar Patel.

What ban! Loud crackers burst all around Delhi on Diwali

What ban! Loud crackers burst all around Delhi on Diwali

Rediff.com25 Oct 2022

Despite legal deterrent in place to discourage people from doing so, by dusk, residents in many neighborhoods, including some areas in south Delhi and northwest Delhi, had started bursting crackers.

Covid runs rampant in China as govt seems absent

Covid runs rampant in China as govt seems absent

Rediff.com26 Dec 2022

One Chinese source informed ANI that 10 million new infections are probably occurring daily in China.

Will the entry of PEs into banks lead to better governance?

Will the entry of PEs into banks lead to better governance?

Rediff.com24 Mar 2022

Private equity (PE) is set to play a bigger role in banks. Of 21 recommendations accepted by the Reserve Bank of India (RBI) out of 31 made by its Internal Working Group (IWG), its stance on non-promoter holdings in private banks is seen with excitement, though it doesn't refer to PEs explicitly. On non-promoter holdings in these banks, the RBI said this will be capped at 10 per cent of the paid-up voting equity share capital in the case "of natural persons and non-financial institutions and entities"; and "at 15 per cent for all categories of financial institutions, entities, supranational institutions, public sector undertaking, or the government." While this is a modification of the IWG's stance for the non-promoter holding in banks at up to 15 per cent, it does open up a huge window for PEs, all the same. This is because, while the RBI has remained silent on the eligibility of industrial houses for bank licences, fresh high-quality capital in large amounts can only come from PEs.

I am hurt, Sitharaman tells Dr Singh, didn't expect this from you

I am hurt, Sitharaman tells Dr Singh, didn't expect this from you

Rediff.com17 Feb 2022

Hitting back at former prime minister Manmohan Singh for his criticism of the Modi government's handling of the economy, Finance Minister Nirmala Sitharaman on Thursday said he is more remembered for having brought India to "fragile five" and rampant inflation during his term.

RBI just dashed hopes of India Inc to add banking to their empire

RBI just dashed hopes of India Inc to add banking to their empire

Rediff.com26 Nov 2021

The Reserve Bank on Friday accepted most of the recommendations of its working group on corporate ownership of private sector banks, by allowing unrestrained promoter shareholding in the first five years of operations and hiking the same to 26 per cent after 15 years from the extant 15 per cent and also the new capital requirements. The move will benefit leading banks like Kotak Mahindra Bank and IndusInd Bank, among others, which have been seeking more time from the regulator to divest their stakes for many years now. Accepting 21 of the 33 recommendations of the internal working group, the central bank said the remaining suggestions are under its consideration.