Asia's richest man Mukesh Ambani drew nil salary from his oil-to-telecom-and-retail conglomerate Reliance Industries for the fifth year in a row and dividends remain his main source of earnings. Ambani, 68, had capped his annual remuneration at Rs 15 crore from financial year 2008-09 (April 2008 to March 2009) to 2019-20 (FY20); and since FY21, he opted to forego his salary, due to COVID-19 pandemic, until the company and all its businesses were fully back to their earnings potential.
'The US slump could hit our hosiery market hard since 40 per cent of our exports go there.' 'Job losses could be severe if the government doesn't step in fast.'
The Supreme Court has upheld the deletion of the 'waqf by user' provision in the amended waqf law, stating it is not arbitrary and addresses potential misuse.
'Crude oil prices are around $66-67 per barrel now but could fall to $55-60 if global disturbances ease.'
The meet and greet session was actually a platform for all the like-minded cricket boards to pledge their support for the 'Hybrid Model' to the new ICC chair.
'This marks a turning point for Paytm, with the regulatory environment looking much clearer than it has been in the last two years.'
Trump said that the funds used to support students with disabilities and scholarships will be preserved and these duties will be provided to other institutions.
'We need to get a better share of the pie because we were the cash cows for a long time.'
The All India Muslim Personal Law Board (AIMPLB) has announced its intention to challenge the Waqf (Amendment) Bill in court, labeling it a "black law" that threatens the community's rights. The AIMPLB, a major organization representing Muslims in India, asserts that the Bill, if passed, would lead to the seizure of Muslim properties and undermine the autonomy of Waqf Boards. The organization plans to launch nationwide protests against the Bill, echoing the farmers' agitation, and has urged all citizens to resist the legislation. The Bill has been met with criticism from various quarters, including opposition parties, who claim that the Centre is rushing it through Parliament without adequately addressing concerns raised by the Joint Parliamentary Committee (JPC).
In the next ACC cycle, Pakistan's Mohsin Naqvi is slated to head the continental institution.
By 10 am, Rakshit N Jagdale is already deep into the rhythm of the day, which promises to be a carousel of meetings, calls, and strategic decisions. As managing director of Amrut Distilleries, he balances ritual and ambition, tradition and transformation, like many other legacy players in India's alcoholic beverages sector who are staring at a rosy future.
The Securities and Exchange Board of India (Sebi) has barred Dewan Housing Finance Corporation Ltd's (DHFL) former promoters Kapil and Dheeraj Wadhawan for five years from the securities market for alleged diversion of funds. They have also been barred from holding any key position in a listed company.
'The scale and depth of talent here plays a central role in core software product engineering for some of the biggest brands in tech.'
Indian delegation meets IOC officials for dialogue on hosting future Olympics
'I am doing the drive in making sure that people pass this on. So the drive is not with distrust. The drive is just in case.' 'Just in case it doesn't get passed on, I am here.'
'If I have to go back, I would rather go back now because I don't want to face that situation when I'm in my 40s.' A young couple's journey through immigration uncertainty reveals not just the human cost of policy announcements, but a surprising rekindling of love for the homeland left behind.
India were served well by their top order batters with each of them hitting their stride to make significant contributions, even as the middle order players did not get going.
'Such stocks may be useful for aggressive portfolios, but should not be part of the core holdings.'
There are many Indian fans in Dubai, who, as a mark of protest, have decided to give this match a miss.
Priya Nair will become the first woman CEO and MD of Hindustan Unilever Ltd (HUL) effective August 1, 2025, with India's largest FMCG firm announcing her appointment on Thursday. Nair, currently president, Beauty & Wellbeing, Unilever, has been appointed for a period of five years.
'The world now realises that semiconductors are not just important for national security, but also for economic prosperity.'
As India gears up to face Oman on Friday, September 19, at the Dubai international stadium, the focus returns to cricket.
'MIB which is a part of retail, will grow in the range of 20 per cent.'
Consumer durables makers are hopeful that the government's proposal to reduce goods and services tax (GST) on air conditioners and television panels above 32 inches to 18 per cent would help revive the sector.
A Monorail train in Mumbai halted due to a power failure amid heavy rains, stranding approximately 200 passengers. Rescue operations were conducted, and an inquiry has been ordered into the incident.
A 52-year-old government school teacher from Indore, who is suffering from an excruciating bone disorder that has confined her to a wheelchair, has sought President Droupadi Murmu's permission to undergo euthanasia.
Pakistan's Ministry of Economic Affairs X account was hacked and a fake appeal was posted, calling for more international loans to help defuse tensions with India following the Pahalgam terror attack. The post urged the international community to help de-escalate the situation and requested more loans to address "heavy losses" caused by the tensions. The hacking incident occurred during a crucial meeting of the IMF executive board to decide on the next installment of a USD 7 billion loan for Pakistan.
Fast-moving consumer goods (FMCG) companies, retail firms, and producers of consumer durables are witnessing stable urban demand. However, people in the trade are waiting for clearer signs of revival closer to the festival season, starting in September.
The Tirumala Tirupati Devasthanams (TTD), the custodian of Lord Venkateswara Swamy temple, has barred 18 employees from participating in all religious activities for allegedly partaking in non-Hindu activities. The decision has been defended by the Andhra Pradesh government, citing the need to protect the religious sentiments of Hindu devotees. The move has sparked debate, with some supporting the TTD's stance and others criticizing it as discriminatory.
The National Sports Governance Bill was on Tuesday passed by the Parliament with Rajya Sabha giving its nod a mere 24 hours after Lok Sabha.
ICC chairperson Jay Shah has been inducted into the newly formed World Cricket Connects Advisory Board, an independent group that will discuss the future of cricket at the Lord's on June 7 and 8.
In what can be construed as a relief to the BCCI, the Sports Ministry has amended the RTI-related provision of the National Sports Governance Bill, placing only those bodies under its ambit which rely on government grants and assistance.
'If a charitable or religious trust sells a capital asset -- such as land, buildings, shares -- and makes a capital gain, it can avoid paying tax on that gain if it reinvests the proceeds in another capital asset for its charitable purposes.'
The Supreme Court has ordered the release of Sukhdev Yadav, convicted in the 2002 Nitish Katara murder case, citing completion of his 20-year sentence. The court questioned the Sentence Review Board's rejection of his remission plea.
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.
Sports Minister Mansukh Mandaviya said the Sports Bill is a key reform aimed at building a "transparent, accountable and world-class sports ecosystem" in India.
'Due to tariff uncertainty, automotive customers reduced their steel uplift by almost 15 per cent.'
Pakistan on Friday said that the X account of its ministry of economic affairs was hacked and an appeal was posted on it for more international loans to meet the 'heavy losses' caused by the current tensions with India.
India, Australia and England are likely to be joined by South Africa, New Zealand and Sri Lanka in the top division, while Pakistan, the West Indies, Zimbabwe, Bangladesh, Afghanistan and Ireland will be placed in the second division.
'Market momentum and investor interest are at unprecedented levels, making this the opportune moment.'
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