The claims were made after the Income Tax department had on July 6 raided 36 premises of the Bengaluru-based Micro Labs Ltd. across nine states.
Hotel companies, which have experienced substantial share price gains in the past six months, are not only expected to post robust revenue growth in the seasonally weak July-September quarter (second quarter, or Q2) of 2023-24 (FY24), with the trend continuing in the second half (H2) of FY24, but according to some analysts, they will also benefit from a structural uptrend in progress. To begin with, larger players in the listed hotel sector are expected to report strong growth in Q2 compared to the year-ago quarter. Led by higher demand from the business segment, the sector is expected to achieve a growth rate of 15-30 per cent.
Apollo Hospitals was looking at divesting at least 50 per cent of Apollo Pharmacy, the retail pharmacy network, for Rs 1,000 crore.
Personal accident cover should be purchased by everyone, irrespective of age, occupation or health condition, as one does not know when an accident could occur, causing hardship to the family.
'The success of one or two IPOs does not dictate whether the upcoming IPOs will be successful or not, but it certainly indicates that the markets and investors are enthusiastic about startup IPOs.'
At least 10 persons were 'reported dead' in a fire that broke out inside a stationary train compartment in Madurai railway station in the wee hours of Saturday, the Southern Railway said, adding a 'gas cylinder illegally' taken in led to the blaze.
The Fortis group, meanwhile, said that all documents, statements and details required by the probe team of the Haryana government were provided.
According to the CBDT, if a social media influencer retains a product from the manufacturing company after using for the purpose of rendering service, then it will be treated as a benefit/perquisite under newly-introduced Section 194R of the IT Act.
Tamil Nadu Governor R N Ravi on Friday re-allocated the portfolios held by arrested state Minister V Senthil Balaji, on the recommendations of Chief Minister M K Stalin but "has not agreed" to the minister continuing in the cabinet, the Raj Bhavan said.
SoftBank-backed hospitality major OYO is planning to reduce the number of shares it aims to sell through public listing because of reduced capital requirements and technology headwinds. This comes at a time when valuations of start-ups, including that of OYO, have taken a hit. "OYO earlier filed papers for its IPO (initial public offering) based on its funding requirements at the time.
'If Israel had stuck to the peace accords, Hamas would have had no one to fight.'
Manipal Group chairman Ranjan Pai is in early discussions to invest in Byju's-owned Aakash Educational Services Limited (AESL). According to sources in the know, Byju's founder and chief executive officer Byju Raveendran, who owns a 30 per cent stake in Aakash, is expected to partially offload his holding to Pai for $80-90 million (about Rs 650-740 crore). Raveendran may use the money to repay a large part of the Rs 800 crore loan that Byju's raised from US-based investment firm Davidson Kempner Capital Management in May, after facing a 'technical default', the sources said.
The Enforcement Directorate on Saturday filed a nearly 3,000-page charge sheet against Tamil Nadu minister V Senthil Balaji as part of a continuing money laundering investigation against him and his aides, official sources said.
'Manipur is critical to India's Look East policy.' 'It's a strategic state. In the Second World War, the Japanese entered Manipur through Burma.' 'China can use the same direction to approach India.'
The move might delay the Gurugram-based hospitality unicorn's initial public offering (IPO). OYO filed preliminary documents with the Securities and Exchange Board of India (Sebi) in September 2021 for a Rs 8,430 crore IPO.
The Supreme Court on Monday dismissed pleas of Tamil Nadu minister V Senthil Balaji and his wife Megala challenging the Madras high court order upholding his arrest in a money laundering case.
Sanjib Jha, CEO, Coverfox Insurance Broking, answers your health insurance related queries.
My grandfather Ashok Kumar made me sack my secretary as he thought she was a bad influence in my life.'
Police have arrested Daniel Norwood and the 27-year-old suspect is charged with attempted murder after Garg, allegedly suffered multiple stab wounds to the face, chest and abdomen, the Daily Telegraph newspaper reported.
This sort of property is better suited for an investor rather than an end user.
'If you want it to grow well and serve the true needs of the economy, it needs a lot of freedom and flexibility, which comes in terms of the reform objective set by the regulator.'
Gukesh aims to keep improving after becoming India No 1 without sponsorship support
The agency has also summoned Rajasthan Chief Minister Ashok Gehlot's son Vaibhav Gehlot for questioning in a case related to alleged contravention of the foreign exchange law, official sources said on Thursday.
He referred to the top court's 2022 judgement in the Vijay Madanlal Choudhary case and said it had held that ED officers are not "police officers".
The endless wait to get valid currency notes was also taking a toll on people waiting for hours in long queues as there were reports of many elderly people collapsing out of fatigue.
'As our per capita income increases and various demographic segments emerge, the need for various kinds of protection and risk covers will become even more explicit.'
The troubled Lotus Formula One team were locked out of their paddock hospitality at the Japanese Grand Prix on Thursday while freight, including engines, was also held up by payment problems.
"The investigation has revealed that Singh had assured to get changes through Manish Sisodia in the then proposed Excise Policy of 2020-21 to increase the brand registration criterion for IMFL brands at the behest of Amit Arora and Dinesh Arora.
Asked further if anybody was conspiring against him, he said: "You will get to know when the time comes."
The 39-year-old was arrested by the Enforcement Directorate from Ranchi after the agency conducted multi-city raids against him, Singhal, her businessman husband Abhishek Jha and others, on May 6.
The sharp rally in the markets thus far in fiscal 2023-24 (FY24) has left analysts struggling to find investment-worthy themes. The S&P BSE Sensex has surged nearly 7 per cent thus far in FY24 and hit a fresh 52-week high of 63,601.71 levels on June 22, mostly led by foreign institutional (FII) flows. "The Indian market has seen a broad rally in the past few months but headline indices have seen more modest performance. "We are not very clear about the reasons for the rally and the divergent performance and struggle to find ideas in the consumption, investment and outsourcing sectors after the sharp run-up in several of our favored sectors and stocks in the past two months," wrote Sanjeev Prasad, co-head, Kotak Institutional Equities, in a recent co-authored note with Anindya Bhowmik and Sunita Baldawa.
A day after getting bail from Hyderabad high court, Telangana TDP MLA A Revanth Reddy and two others were on Wednesday released from Cherlapally Central Prison in Hyderabad, with scores of cheering supporters of Reddy raising slogans and waving Telugu Desam flags.
Tamil Nadu Chief Minister M K Stalin on Thursday warned the Bharatiya Janata Party not to 'provoke' the Dravida Munnetra Kazhagam, saying it will not be able to 'bear the consequences' and that his party also knows 'all types of politics', escalating his attack on the saffron party after the arrest of his cabinet colleague V Senthil Balaji.
Do you know the most common exclusions in a mediclaim plan? Or, why your base premium keeps increasing over a period of time?
ITC's results for the January-March quarter (Q4) were strong, with robust growth in the fast-moving consumer goods (FMCG) segment and a good performance in hospitality. The tobacco division's performance was on expected lines, with double-digit volume growth, helped by reclaiming of market share from the smuggled trade. There was 60 per cent growth in non-cigarette earnings before interest and tax (Ebit), despite a relatively weak performance in paperboards.
Sanjib Jha, CEO, Coverfox Insurance Broking, answers your health and auto insurance related queries.
India skipper Rohit Sharma gave an update on Shreyas Iyer's recurring back injury and the captain didn't sound to optimistic of the batter playing anytime soon.
After being discharged, 55-year-old Singh said he would seek the permission of the court hearing the case to visit Singapore for treatment.
I got to know that every referred case for angiography and angioplasty got a kickback of Rs 5,000 and Rs 15,000 respectively. Seeing this trend, doctors started paying referring doctors Rs 1 lakh in advance and adjusting it as and when patients came in. This menace slowly spread its tentacles all over the medical field, including radiological diagnostics and biochemistry laboratories. For every test ordered, 20 per cent of the bill was given back to the referring doctor. This led to doctors recommending unnecessary tests. The pharmaceutical companies also saw burgeoning business. Acclaimed doctors were given televisions sets, refrigerators, air conditioners and cars depending upon the prescriptions. General practitioners would prescribe unnecessary drugs, and were given returns in cash. A fascinating excerpt from Dr Upendra Kaul's When The Heart Speaks.
'I have to take better care of myself.' 'I was lucky that the cancer was diagnosed at a very early stage.'
