The Karnataka government on Wednesday put the reservation bill for Kannadigas in private firms on hold amid fierce criticism from business leaders and tech tycoons.
A bill will be brought in the assembly during the ongoing session, possibly this week according to sources in the cabinet.
Dr Reddy's Laboratories (DRL) is set to acquire Haleon's global portfolio of consumer healthcare brands in the nicotine replacement therapy (NRT) category outside of the US. DRL will pay a total consideration of 500 million, including an upfront cash consideration of 458 million and contingent cash payments up to 42 million based on performances in CY25 and CY26. DRL will acquire the portfolio through the purchase of shares of Northstar Switzerland SARL, a Haleon group firm.
Without making two-thirds of the country's population a development partner, India's prosperity is impossible, the Congress leader added.
Companies like Flipkart, Amazon and Meesho as well as quick commerce ones like Blinkit, Zepto and Swiggy Instamart may create hundreds of thousands of seasonal jobs for the coming festival season.
Atishi will have a brief tenure in office as assembly elections in the national capital are due in February.
Double Olympic-medallist Manu Bhaker opted for a three-month rest following her exploits at the Paris Games.
Infosys will comply with whatever regulations and guidelines Karnataka comes up with, a top company official said on Thursday on the proposed reservations for locals in private firms in the state. Infosys employs over 3.15 lakh people at present across the globe. "We are planning to work with all the regulations of the state and central governments.
Mutual funds' largecap investment universe is expected to see seven changes in the upcoming stock reclassification exercise by the Association of Mutual Funds in India (Amfi). According to a report by IIFL Securities, Hero MotoCorp, Zydus Lifesciences, JSW Energy, NHPC, Bharat Heavy Electricals, Bosch and Samvardhana Motherson are expected to earn upgrades in the revised list of largecap, midcap and smallcap stocks set to be released in the first week of July. Amfi revises the list at the start of January and July every year based on the previous six-month performance of the stock.
'We don't have to go abroad for anything.' 'Anyone who thinks we have a lot to learn from the US needs to have his head examined.' 'We are in a new era.'
Chief Minister Nitish Kumar's Janata Dal-United said it was the right time to withdraw the general consent to the CBI.
The Gujarat University on Thursday told the high court in Ahmedabad the Right to Information Act cannot be used for satisfying someone's "childish curiosity" as it defended its petition seeking quashing of an order under the transparency law to provide information on Prime Minister Narendra Modi's degree to Delhi CM Arvind Kejriwal.
A bench comprising Chief Justice D Y Chandrachud and Justice P S Narasimha took note of the submissions of Solicitor General Tushar Mehta, appearing for the state government, and directed that a panel appointed by the state government will have to decide the OBC quota related issues for the local bodies poll by March 31, 2023.
As the job markets open up, top IT services firms may look at a tiered strategy in which they hire entry-level talents at higher salaries, amid a major technological shift, say HR analysts.
'Choose an equity allocation that will allow you to remain invested even if the market falls by 50 to 60 per cent.'
Balance-level delinquencies in the credit card segment saw a 17 basis points (bps) year-on-year (Y-o-Y) rise in the quarter ending June 2024 (Q1FY25). In all other credit segments, including personal loans, delinquencies declined even as retail credit growth moderated, consequent to banks tightening the supply of credit to the unsecured segments, a report by TransUnion CIBIL said on Monday. Data shows that balance-level delinquencies, measured in terms of 90 days or more past due, in the credit card segment stood at 1.8 per cent in Q1FY25- highest among all other credit segments.
'While investors need to be prepared for making some losses, they should not lose big money chasing euphoria amid fear of missing out.'
Phogat and Punia joined the party in the presence of Congress general secretary KC Venugopal, spokesperson Pawan Khera and Haryana Congress chief Uday Bhan.
The government has provided Chief Election Commissioner Rajiv Kumar with a Z-category VIP security cover of armed commandos in view of potential threats against him, official sources said on Tuesday.
In India, fast-moving consumer goods (FMCG) majors continue to hold sway, with incumbent brands cornering 65 per cent of the market share, shows a Bain & Company report. While identifying the continued preference of Indians for incumbent brands, the report says that the dominance of general trade in the country has allowed national brands to maintain their supremacy. The low penetration of e-commerce in the country has also helped large brands.
'Dynastic politics has become a tool of convenience for political parties. The BJP does not hesitate to accept it when it comes to its own alliance or party candidates. The same goes for the others.'
After a long and harsh spell of heatwave, Delhi witnessed a pleasant morning on Thursday, with the weather department saying parts of the national capital received light rains.
rediffGURU Ulhas Joshi answers your personal finance and mutual fund queries
Mutual funds are looking to tap into the special opportunities theme ahead of the results of the general election results and the continued uncertainty on the geo-political and interest rate fronts. Two fund houses - WhiteOak Capital and Samco - are set to launch special opportunities funds next week. Kotak MF has also filed papers with the regulator to launch a scheme in the same category.
Employment in urban areas in the first quarter of 2024-25 (FY25) improved over the previous one. The unemployment rate in April-June (Q1) declined to 6.6 per cent from a four-quarter high of 6.7 per cent in January-March FY24 owing to the fall in the male unemployment rate, according to the quarterly Periodic Labour Force Survey (PLFS) data, released by the National Statistical Office (NSO) on Friday.
'When you watch Freedom At Midnight, I want you to feel like you are sitting on a ticking time bomb.'
The order that was passed less than a week ahead of the first phase of polls scheduled on October 10 throws a spanner in the election process.
'It's advisable not to go overboard on a banking sector fund or any other sector fund.'
Cholamandalam Investment and Finance's (Chola) share has yielded one of the best returns in the last month. The company has sustained assets under management (AUM) growth at 7 per cent quarter-on-quarter (Q-o-Q), and 35 per cent year-on-year (Y-o-Y) in Q1FY25. Scaling up of new businesses now contributes to 13 per cent of loans (vs 10 per cent in Q1FY24).
A bench comprising justices A M Khanwilkar, Dinesh Maheswari and C T Ravikumar was told by senior advocate Shekhar Naphade, who appeared in the matter on behalf of the state government, that a plea seeking a recall of the order was filed electronically on Monday.
Kamala has finessed bubblegum conversation about whether she is Black or Indian. Her Irrelevancing-approach, an Irrelevance-code if you will, is Elevated and Elegant -- this is the Elevance of Kamala! asserts economist Dr Anuradha Luther Maitra.
A three-judge bench headed by Chief Justice Justice (CJI) Sharad Arvind Bobde said that a larger bench will decide the pleas filed by 35 petitioners challenging Centre's decision.
MMFs invest in fixed-income instruments maturing in less than one year, minimising interest-rate risk.
Out of the candidates announced so far, 65 are below the age of 50 years and 19 are women, he said.
His was India's second medal in archery at the ongoing Games after Sheetal Devi and Rakesh Kumar combined for the compound mixed team bronze.
Investors should view the increase in the LTCG tax rate in conjunction with the increase in capital gains exemption from Rs 1 lakh to Rs 1.25 lakh, which will provide some relief.
'Understand how wedding expenses fit into your overall financial situation.' 'Evaluate how different levels of spending will impact other goals like retirement, travel, or housing.'
He said that medical courses in India will now have a reservation for Other Backward Classes under the All India Quota Scheme.
Investors should use a mix of active and passive funds.
Para high jumper Sharad Kumar has not met his Ukrainian coach Nikitin Yevhen for more than two years due to the ongoing war between Russia and Ukraine.
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