Two young men jostle in a rickshaw as it clatters along a narrow, bustling lane of North Kolkata, each with a leg dangling over the side of the vehicle, a bulging sack of cosmetics nestled between them. The protagonists here are the founders of Emami - Radhe Shyam Agarwal and Radhe Shyam Goenka - childhood friends who gave up cushy corporate jobs to build a fast-moving consumer goods (FMCG) company. From a 200-square-foot rented space on Muktaram Babu Street in North Kolkata, brand Emami stepped into the competitive world of FMCG 50 years back, armed with just three products: Vanishing cream, talcum powder, and cold cream.
Sandeep Raut has been asked to depose before the central agency at its office in Mumbai next week, they said, adding his statement will be recorded under the Prevention of Money Laundering Act.
The Reserve Bank of India on Wednesday decided to keep the policy rate unchanged for the tenth time in a row but changed its stance to 'neutral' that may lead to a cut in the forthcoming policies. RBI maintained status quo despite the US Federal Reserve lowering the benchmark rates by 50 basis points last month.
Three experts from Western Coal Fields, a subsidiary of Coal India Limited, camped at the Silkyara tunnel site from November 20.
Interestingly, Kanal's crossover to Sena came on a day Aaditya Thackeray led a morcha against alleged scams and corruption in the Mumbai civic body.
Chavan entered the ED office in south Mumbai at around 12.30 pm and came out at about 9 pm, the official said.
The Reserve Bank on Wednesday retained the retail inflation projection at 4.5 per cent for fiscal 2024-25, with Governor Shaktikanta Das stressing that the central bank will have to closely monitor the price situation and keep the "inflation horse" under tight leash lest it may bolt again. Unveiling the October bi-monthly monetary policy, the Governor also said the flexible inflation targeting (FIT) framework has completed 8 years since its introduction in 2016 and is a major structural reform of the 21st century in India.
Speaking to reporters in Panaji, the BJP's Goa desk in-charge C T Ravi said there was no discontent among the eight MLAs who joined the party earlier this year.
The chargesheet against the associate of Shiv Sena-UBT MP Sanjay Raut was submitted before the court's registry and it will come up before the special judge for cases under the Prevention of Money Laundering Act after scrutiny of papers.
The BJP Legislature Party meeting is scheduled for Friday, during which the election of its leader, who will also be the Leader of Opposition in the assembly, is likely to be announced.
The three day MPC meeting began on Monday and the decision will be announced on Wednesday by RBI Governor Shaktikanta Das.
Was C M Ibrahim's Rediff Interview the last straw for Deve Gowda?
Wholesale inflation fell to a 3-month low of 2.04 per cent in July on decline in prices of food items especially vegetables, government data released on Wednesday showed. The decline in wholesale price index (WPI) based inflation in July came after it rose for four months in a row till June, when it was 3.36 per cent. It was (-) 1.23 per cent in July last year. In April wholesale inflation stood at 1.19 per cent.
Deputy Governor Michael Patra warned about the spillover effects of food inflation.
A 24-hour control room was set up in the neighbouring district of Wayanad following the Nipah outbreak in Kozhikode
'If you look at the average age of all our candidates, you will notice that their average age is between 35 and 40. It is a kind of revolution that the MNS is bringing in Maharashtra.'
The Reserve Bank of India on Friday retained its projection for retail inflation at 4.5 per cent for the current fiscal assuming a normal monsoon, while emphasising that uncertainties related to food price outlook warrant a close monitoring. Consumer Price Index (CPI)-based retail inflation has been projected at 4.5 per cent with quarter-wise projections at 4.9 per cent in Q1 (April-June), 3.8 per cent in Q2, 4.6 per cent in Q3, and 4.5 per cent in Q4.
The Samyukta Kisan Morcha on Wednesday said that a consensus has been reached over a revised draft proposal of the Centre on their pending demands and it will now meet on Thursday to decide the future course of the movement, even as its leaders demanded a formal communication on government letterhead.
'The real repo rate is very high in terms of core inflation.'
'So, we would work with our members to ensure that we as an SRO create some sort of due diligence for fintechs.'
The BJP has nominated sitting MLA Dayanand Sopte from Mandrem assembly segment, which Parsekar had represented between 2002 and 2017.
The United States has handed over to India 297 antiquities, which were smuggled out of the country, during the ongoing visit of Prime Minister Narendra Modi, an official statement said on Sunday.
The former chief minister also sought to distance JD-S's alliance partner Bharatiya Janata Party and Prime Minister Narendra Modi from the case, amid attacks by the ruling Congress seeking their response on the issue.
The core committee of the Uttar Pradesh unit of the BJP met at the party headquarters in Lucknow in the presence of Nadda.
'There were two options before the government -- create a complex, cumbersome law, which will cause a tremendous amount of compliance challenges for startups or say let's go back and do a clean slate, where we do a framework of laws and policies'
'Future market gains will likely depend primarily on earnings growth.'
ZEE Entertainment Enterprises Ltd on Friday said its MD & CEO Punit Goenka has initiated a process of rationalisation of workforce by 15 per cent to prune staff strength across the company. In a regulatory filing, ZEE Entertainment Enterprises Ltd (ZEEL) said Goenka has proposed a lean organisation structure to the board with a lateral structure while identifying broadcast, digital, movies and music as core business units. "In line with his overall strategic approach, the MD & CEO has initiated the process of rationalisation of the workforce by 15 per cent, that will prune the staff strength across the company to arrive at a streamlined team that is sharply focused on the set goals for the future," the company said.
The Bharatiya Janata Party will have an understanding with former prime minister H D Deve Gowda-led Janata Dal-Secular for the 2024 Lok Sabha polls, former Chief Minister B S Yediyurappa said on Friday, an announcement that shot up political temperature in Karnataka.
The land shall forthwith vest with the original owners, their lineal descendants or legal representatives, "free-of- cost", he said.
B Y Vijayendra said power and position itself are not the ultimate objectives in politics.
Dr Nagesh Kumar, one of the three new MPC members, wanted the MPC to reduce the repo rate by 25 basis points to 6.25%.
"By next week, the government will work out the exact arrangement through which the work burden on Parrikar could be reduced," he said.
Century-old club Mohun Bagan was on Saturday slapped with a two-year suspension by the All India Football Federation for abandoning their violence-marred I-League match against East Bengal on December 9.
At the Team Anna meeting in New Delhi, Mufti Shamoon Qasmi, a member of its core committee, stormed out and announced his resignation. In an exclusive interview with Rediff.com, Qasmi blasts the Team Anna leadership.
At the Team Anna meeting in New Delhi, Mufti Shamoon Qasmi, a member of its core committee, stormed out and announced his resignation. In an exclusive interview with Rediff.com, Qasmi blasts the Team Anna leadership.
Under attack over allegations of financial misconduct and demands for its disbanding, Team Anna on Sunday decided to formulate a constitution for its anti-corruption movement and revamp the core committee after that.
Social activist Anna Hazare will receive an award of Rs 25 lakh from a Delhi-based organisation for his contribution to rural development.
Anna Hazare on Wednesday said he is going to embark on a nation wide movement against corruption from November 30 and will soon form a core committee.
The Reserve Bank is unlikely to cut the benchmark interest rate in its forthcoming bi-monthly monetary policy review later in the week as retail inflation is still a cause of concern, and there is a possibility of the Middle East crisis deteriorating further, impacting crude oil and commodity prices, say experts.
Janata Dal-Secular leader H D Kumaraswamy on Thursday said the party's second list of candidates for the May 10 Karnataka assembly polls, including for the contentious Hassan seat, will be finalised on April 7.
