Sebi has barred fugitive businessman Mehul Choksi and one Rakesh Girdharlal Gajera from the capital markets for one year and levied a fine totalling Rs 2.5 crore on them for violating insider trading rules in the matter of Gitanjali Gems. In addition, they have been restrained from buying, selling or otherwise dealing in securities of Gitanjali Gems Ltd (GGL) for a period of two years. Also, the Securities and Exchange Board of India (Sebi) has directed Gajera to disgorge a sum of Rs 15.82 crore.
Protesting employees of the city electricity department on Wednesday evening called off their strike while power supply has also been restored in the most parts of the city.
By filing his nomination as Congress president on Friday, Shashi Tharoor has shown he is no 'quockerwodger' -- a word he introduced into our lexicon which means someone acting on the instructions of an influential third party.
The letter was not a challenge to leadership but a parchment of action to strengthen the party, Congress MP Vivek Tankha asserted, while former union minister Mukul Wasnik said those who saw the letter as an "offence" will also soon realise that the issues raised are worth consideration.
'Soniaji is like a mother to the party. We revere her even now'
Farmers from across the states arrived at Delhi's Jantar Mantar on Monday early morning protesting over unemployment.
Abdullah, who was a Lok Sabha member when the government accommodation in high security Gupkar area was provided to him in 2002, released a letter on his Twitter handle that he had written in July this year.
'There is no senior bureaucracy functioning now; these people only obey.' 'This is only a command and control kind of governance.'
Delhi's Lieutenant Governor V K Saxena on Monday sent a legal notice to Aam Aadmi Party leaders, accusing them of levelling 'false and derogatory' allegations against him, days after they claimed he was involved in a Rs 1,400-crore 'scam' during his tenure as the Khadi and Village Industries Commission (KVIC) chairman.
The vehicle with explosives found near industrialist Mukesh Ambani's residence in south Mumbai had been stolen last week, and a letter found inside said this was only a 'glimpse' of things to come, police said on Friday.
A consortium of lenders led by State Bank of India (SBI) has agreed to provide loans to Tata Group for the smooth operations of loss-making Air India. Tata Group, which won the bid to acquire the national carrier along with Air India Express and 50 per cent stake in AISATS in October last year, is expected to formally takeover the airline on Thursday. Sources said the SBI-led consortium has agreed to grant both term loans and working capital loans depending on the airline's requirements. All large lenders, including Punjab National Bank, Bank of Baroda, and Union Bank of India, are part of the consortium, they added.
During the 13-minute special session, Dhammika Dassanayake, ecretary general of Parliament, announced the vacancy for the post of president.
The development comes a day ahead of the announcement of the panchayat and municipal poll results.
The Opposition parties need 172 members in the 342-member house to orchestrate the downfall of Prime Minister Khan.
Additional Chief Metropolitan Magistrate Vishal Pahuja rejected the application saying requisite sanction from the competent authority, the central government, was not obtained which was required under the law.
Very few members of the treasury benches were seen in attendance.
The National Investigation Agency on Wednesday claimed before the Bombay high court that former police officer Pradeep Sharma was the main conspirator in the "cold-blooded murder" of Thane businessman Mansukh Hiran, who was considered a weak link in the "larger conspiracy of terrorising" the family of industrialist Mukesh Ambani.
The Shiv Sena and the NCP suspect that either of them may walk into the waiting arms of the BJP. The Congress feels that the Sena and the NCP may eventually team up and marginalise it, reports Dhaval Kulkarni
Claiming there were "condemnable, inappropriate and malicious contents" in the serial, Tamil Nadu IT Minister T Mano Thangaraj said the trailer released in social media was aimed at discrediting and distorting the historical struggle of the Eelam Tamils in Sri Lanka.
The Delhi government on Saturday claimed the Centre has 'stalled' its ambitious doorstep delivery of ration scheme that would have benefitted 72 lakh ration card holders in the national capital and termed the move 'politically motivated'.
Abhishek Banerjee sent a defamation notice to PM for alleged derogatory remarks made against him at a public rally.
'If you behave like a nail, the adversary will behave like a hammer.'
Two powerful US Senators have urged President Joe Biden not to impose provisions of the punitive Countering America's Adversaries Through Sanctions Act against India for buying the S-400 surface-to-air missile system from Russia.
The Yoga Federation of India contended that the recognition granted to the National Yogasana Sports Federation is arbitrary and suffers from malafide intentions.
Falling valuations, slowing funding rounds and faltering investor sentiment seem to have prompted many start-ups to lay off employees in a bid to conserve cash. The latest to do so is SoftBank-backed Cars24, a leading e-commerce platform for pre-owned vehicles, which has laid off over 600 staff, according to sources in the know. The move, they said, is aimed at conserving cash amid cautious investor sentiment and a slowdown in funding.
'... both boards will be working together from now on to stage the tournament'.
Reliance Capital and Reliance Home Finance said that PWC cited the companies' failure to convene audit committee meetings within the expected time, despite multiple letters of intent sent to them, as one of the reasons for the resignation.
'Anglo-Indians have played a significant role at the forefront, meeting every challenge to the security of the motherland.' A fascinating excerpt from Barry O'Brien's The Anglo-Indians: A Portrait of a Community.
Former chief minister of Goa and Congress veteran Luizinho Faleiro, resigned as an MLA and a primary member of the party on Monday claiming the state party unit is run by a 'coterie' of leaders even as he praised Trinamool Congress chief Mamata Banerjee saying the country needs a leader like her to take on Prime Minister Narendra Modi.
In a letter to Prime Minister Narendra Modi written on February 25, but kept secret so far, Thuingaleng Muivah, the general secretary of the group and chief Naga negotiator in the talks with the government, also spoke about the framework agreement (FA) signed in 2015 and its proposal that the state should be allowed to have a Constitution and national flag.
Kharge shoots off another letter to the prime minister.
Sebi has amended rules pertaining to delisting of equity shares of a company following an open offer as part of efforts to make merger and acquisition transactions for listed companies more convenient. Under the new framework, promoters or acquirers need to disclose their intention to delist the firm through an initial public announcement, according to a notification. If the acquirer is desirous of delisting the target company, the acquirer must propose a higher price for delisting with suitable premium over open offer price. In case the open offer is for an indirect acquisition, the open offer price and indicative price will be notified by the acquirer at the time of making the detailed public statement and in the letter of offer.
'Our fight is against his political masters, the BJP and Devendra Fadnavis.'
Amazon provided mere "lip service" and failed to provide any help to the debt-laden Future Group as the retail major suffered massive setback amid the COVID-induced lockdown and faced possible insolvency or debt restructuring, Future Group's promoters said in a letter to the e-commerce giant. This is the first time Future Group promoters have written to Amazon after the parties were embroiled in a legal battle over the sale of Future's retail assets to Reliance Industries. The letter from the promoters, including Kishore Biyani, was written on December 31. It alleged that Amazon's actions "lacked good faith" during the March to August period, when the group's retail business was severely hit by the lockdown.
With Goods and Services Tax (GST) officers under pressure to exceed the Rs 1-trillion collection mark per month, industry has faced a barrage of recovery notices and summons issued over the last one month across sectors, according to company executives. Industry bodies have claimed harassment by field officers, blocking of input tax credit, cancellation of GST registration, threats of arrest and steep penalties, impacting their working capital and operations. Company executives pointed at an atmosphere of apprehension and fear due to such notices and summons.
Observing that Laxman rekha of separation of power is 'sacrosanct,' Chief Justice of India N V Ramana Friday said at times courts are compelled to intervene in the interest of justice and the intention is to nudge the executive, and not to usurp its role and they should not be projected as judiciary targeting another institution.
'It is because of the bravery of Colonel Santosh Babu and his men that we have not seen a violent escalation anywhere else along the LAC.'
Sidhu resigned as the PCC chief and sent his resignation to Congress president Sonia Gandhi on Tuesday.
The proposed amendments to the Consumer Protection (E-Commerce) Rules, 2020, that are envisioned to protect consumer interests, may further compound the impact of multiplicity of regulations on the e-commerce sector, the Indo-American Chamber of Commerce (IACC) had told the ministry of consumer affairs. IACC, the apex bilateral chamber for Indo-US business, had told the government that the proposed amendments would increase compliance liabilities that risk severely impairing the growth of the sector.
The latest telecom war kicked off after some pictures surfaced, showing Airtel banners among agitating farmers. According to the Jio camp, it was a giveaway that farmers were being enticed to port their phone numbers.
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