Diversified business conglomerate Mahindra and Mahindra (M&M) has picked up a 3.53 per cent stake in private sector lender RBL Bank for Rs. 417 crore. "We may consider further investment, subject to pricing, regulatory approvals, and required procedures. However, in no circumstance will it exceed 9.9 per cent," M&M said in an exchange notification on Wednesday. Shares of RBL Bank jumped 7.1 per cent to settle at Rs. 238.8 apiece on the BSE on Wednesday, close to their 52-week high of Rs. 242.1.
'The moment the Army approved the script, they told us that they will give their full support and asked us for our full dedication.'
The case pertains to the organisation of Elgar Parishad in Pune on December 31, 2017 which promoted enmity between various caste groups and led to violence, resulting in the loss of life and property and statewide agitation in Maharashtra, an NIA spokesperson said.
Chief Justice of India DY Chandrachud on Tuesday remarked that once judges demit office whatever they say is just opinion and is not binding, after former CJI Ranjan Gogoi's comments that the basic structure doctrine was debatable was flagged in the Supreme Court.
The net inflows into active equity mutual fund (MF) schemes registered more than a twofold month-on-month rise in August, crossing Rs 20,000 crore, the highest in five months. This rise in net inflows was boosted by an 18 per cent growth in gross investments, driven by a record Rs 15,800 crore inflow through the systematic investment plan (SIP) route and Rs 5,000 crore collected by seven new fund offers (NFOs) in the active equity space, reveals data released by the Association of Mutual Funds in India (Amfi). Moreover, redemptions moderated in August, declining by 19 per cent to Rs 24,580 crore, after staying elevated in the previous three months owing to profit booking.
The broader economy risks a potential flight of foreign portfolio capital, therefore pressure on the rupee and more bad news on the stock market, warns T N Ninan.
After a spirited eight-hour debate in which 60 members participated, the Lok Sabha passed the Constitution (128th Amendment) Bill, with 454 members voting in favour and two against it.
I think the 'What-if-it-had-been-Patel?' sentiment represents a yearning for more of what we are already seeing around us in India today, observes Aakar Patel.
The Oxford University Press, which had first published the controversial book by US author James Laine on Chhatrapati Shivaji, told the Maharashtra government on Monday that it won't be publishing fresh copies of the book.
A young couple sharing a laugh - in the living room over a Polish joke book, on the beach, in the rain - with the tagline, "Made for each other", hung from billboards at prominent street corners from the 1960s to the 1990s. It was a campaign for one of the largest selling cigarette brands in India, Wills (Navy Cut) from the ITC stable, that resonated with a generation of smokers and non-smokers alike till the curtains came down on tobacco advertising in 2004. As we prepare to welcome 2024, ITC has metamorphosed from a tobacco giant into a conglomerate straddling multiple large-sized businesses. In the mind space of Gen Z or millennials, the company represents a gamut of branded products - from frozen food (ITC Master Chef), noodles (YiPPee!), and cookies (Sunfeast) to snacks (Bingo!) and notebooks (Classmate), and so on and so forth.
The Ashokan Pillar in Kolhua, Bihar, is one of India's best maintained historical sites.
Hamish McDonald, whose book on the saga of Reliance was banned in 1998 in India after the corporate house moved court, has come out with the poser in his book -- Mahabharata in Polyester: The Making of World's Richest Brothers and Their Feud -- to be released on September 1 in Australia.
While we sensitise our children about good touch and bad touch and tell them to watch for signals outside the house, how can one prepare them for keeping a watch for the same at home? asks Aarti David.
From Aurangzeb to Sangh Parivar, the year 2016 offers plenty of hope in historical and modern literature.
Nilanjana S Roy compiles a list of the most eagerly awaited books next year.
The idea of weaponization got a fillip from an unexpected quarter. In the last week of October 1985, Rajiv met US President Ronald Reagan. Reagan told Rajiv, 'Pakistan has already made a bomb.' When Rajiv started talking about disarmament, the US president cut him short, 'Don't talk theory, think of your own protection.'
19 per cent of all travel in India (by bus, train or air) was pilgrimage or religious travel (possibly the single largest after business and family-related travel), discovers Ambi Parameswaran.
West Bengal Congress spokesperson Kaustav Bagchi was granted bail by a court in Kolkata on Saturday evening, hours after being arrested for his alleged comments against Chief Minister Mamata Banerjee.
In the June quarter of FY24, 51 per cent of consumers who took small-ticket personal loans already had more than four credit products at the time of accessing yet another new loan, compared with just 17 per cent in the June quarter of FY20, points out Tamal Bandyopadhyay.
If a 5% to 10% fall in the equity market gives you sleepless nights, you are not cut out for a 75% to 80% allocation to equities and must reduce it.
'I was under the illusion that this could never happen to me because my background was such -- corporate CEO, IIT professor, IIT alumnus, IIM...'
Give your favourite dal an upgrade with this recipe featuring a host of veggies.
'India is a multifaceted place that resides in one country.' 'I always say that there are 1.3 billion Indias and everyone takes their own form and shape of the country.' A fascinating glimpse from Barkat: The Inspiration And Story Behind One Of The World's Largest Food Drives, Feed India.
Usually, online and offline discounts are similar. If discounts are too high, check builder's credentials.
India must evolve its own standards on how democracy must be ranked in a diverse and multi-religious, multi-ethnic, multi-lingual and pluralistic idea called India, suggests R Jagannathan.
Tharoor argued that the proposed bill represents a "grave chapter in the history of the Indian republic, seeking to ratify an ordinance that in many ways is an assault on our democratic heritage and the spirit of federalism."
'Oommen Chandy always had time for his people and valued their voices.' 'There was no rest for him as long as the betterment of his fellow citizens was at stake.' Ambassador Venu Rajamony, who knew the former Kerala chief minister for half a century, salutes a beloved leader who worked tirelessly for the welfare of its people.
Launching a fresh attack on the Bharatiya Janata Party, Congress leader Rahul Gandhi has said that the ruling party follows 'an ideology of hatred and violence', and at the heart of their ideology is 'cowardice'.
Tripura's outgoing chief minister Manik Sarkar will be shifting to his new residence - the Communist Party of India-Marxist's state committee office.
Among the Sensex firms, Bajaj Finserv, Tata Motors, Asian Paints, ITC, IndusInd Bank, State Bank of India, Tata Steel, Wipro, Infosys and Maruti were the major gainers. Tech Mahindra, HCL Technologies, Kotak Mahindra Bank, Titan and Larsen & Toubro were the major laggards.
Why Jemimah Marak set up a library in the Garo Hills in Meghalaya.
Teen Murti Bhavan served as the official residence of India's first prime minister Jawaharlal Nehru.
Shehla Rashid an active face of the student agitation during the sedition row in JNU to pen down her experiences about unrest in campuses.
'The IB and authorities knew I had given away all my property and had nothing in my name.' 'Even among police officers, they all respected me for this sacrifice which is rare these days.' 'They respected me from this point of view -- in this day and age few individuals live by ideals for the poor.'
It was August 2007. Tata Steel was turning 100. Jamshedpur, its hometown, had an air of celebration. The line-up for the special event included the launch of Air Deccan's commercial flight connecting Kolkata and Jamshedpur, and release of Russi Lala's new book, Romance of Tata Steel. There was also the screening of The Spirit of Steel, a 20-minute documentary directed by Zafar Hai showcasing Tata Steel's legacy, and a corporate anthem penned by Javed Akhtar and composed by Shankar, Ehsaan and Loy.
Trinamool Congress floor leader Derek O'Brien was suspended from the Upper House of Parliament on Tuesday for the remaining part of the Winter session after he threw a Rajya Sabha rule book at the Chair.
The government is attempting everything it can to make sure that this does not happen, observes Aakar Patel.
A fascinating excerpt from Amborish Roychoudhury's book, Sridevi: The South Years.
'Every religion is sacred and beautiful. There's no reason for people to hate each other because they practise different faiths.'
Five people who were radicalised to carry out terror attacks have been arrested by the Central Crime Branch with firearms and ammunition along with 12 mobile phones confiscated from them, Bengaluru Police Commissioner B Dayananda said on Wednesday.
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