The controversial Office of Profit Bill, returned by the President for reconsideration, was on Thursday passed by Rajya Sabha.
The BJP has said it wants to spread awarness on this issue.
In a surprise move, struggling multinational coffee chain Starbucks on Tuesday announced the appointment of Brian Niccol as chairman and chief executive officer replacing Indian-origin CEO Laxman Narasimhan who is stepping down.
Official sources said no decision had been taken by Kalam so far
The Election Commission has exonerated 12 legislators belonging to the ruling Mizo National Front on the issue of holding offices of profit.
The year was rich in content as far as Web series were concerned.
India's thriving mutual fund (MF) industry is drawing interest from several firms, with multiple applications submitted to the Securities and Exchange Board of India (Sebi) for asset management company (AMC) licences.
The motion has already been approved by the Lok Sabha.
Prime Minister Manmohan Singh had said earlier that the Cabinet would take a decision on the issue in a day or two.
The move by Congress president Mallikarjun Kharge's son Rahul Kharge comes close on the heels of Chief Minister Siddaramaiah's wife Parvathi returning the 14 sites to Mysuru Urban Development Authority after the Lokayukta police registered a case against Siddaramaiah, his wife and brother-in-law.
'GenAI programmes may not be large in terms of value, but have triggered a lot of new opportunities among clients.'
Referring to the 27 per cent quota for OBCs in elite educational institutions, Kalam said this could be tackled by increasing seats in medical and management colleges.
'Only 20 per cent of families in India buy cheese twice once a year.'
Prior to the Cabinet meeting, Gandhi had a meeting with senior Congress leaders at her residence amidst reports that she was averse to inclusion of NAC Chairmanship in the proposed law.
'Allocate up to 20 per cent of your core equity portfolio to quality funds.'
Buoyed by regulatory overhaul and infrastructure boom, engineering conglomerate Larsen & Toubro (L&T) has identified realty business as one of its growth engines for the next 10 years and plans to acquire land parcels while expanding pre-sales, said a senior company executive. L&T Realty has started looking out to acquire land parcels and grab partnership development opportunities across markets to scale up its business. "We are making some strides in that direction, albeit cautiously.
In the first quarter (Q1) of the ongoing financial year ending June 30, Westlife Foodworld, which operates McDonald's outlets in the South and West, reported an 88 per cent drop in net profit. While net sales remained flat, its same-store sales growth (SSSG) fell by 6.7 per cent, impacted by "subdued in-store business, although the off-premise segment saw positive same-store sales", the company said.
'A 20 per cent equity allocation to ESG funds is a good start.' 'As more evidence on ESG performance builds, investors may increase allocations.'
After incurring losses for two years on the trot, German luxury automotive company Bayerische Motoren Werke AG (abbreviated as BMW) has posted net profit in India in 2021-22 (FY22), primarily due to high demand of its top-end vehicles, cost optimisation, and price hikes, Business Standard has learnt. BMW India said in its FY22 financial statement that the company is focusing on growth and achieving profitability through induction of new products in the market, strengthening its dealership network, and improving customer satisfaction while reducing costs. The company posted its highest-ever revenue in India in FY22 at Rs 4,365.8 crore.
After clocking losses for seven straight quarters, Tata Motors on Wednesday posted a consolidated net profit of Rs 3,043 crore in the third quarter (Q3) of 2022-23. This came on the back of a strong order book, better semiconductor chip supply, tempered commodity prices, and a better product mix. "We remain cautiously optimistic about the demand situation, notwithstanding the global uncertainty.
India's second-largest passenger vehicles firm will be valued at Rs 1.59 trillion at the top-end of the price band of Rs 1,865-Rs 1,960.
Vaibhav Pandya has been charged with cheating and forgery.
We asked colleagues, present and past, to reflect on a man who has made such a difference to their lives and careers. Here it is then, a rich collection of memories that offer enchanting glimpses of the enigmatic Ajit Balakrishnan.
The recent blip in housing sales on a quarter-on-quarter (Q-o-Q) basis should not worry investors as the long-term prospects of real estate stocks remain on a strong foundation, according to analysts. In the first half of the calendar year 2024 (H1CY24), realty stocks surged up to 104 per cent. This sharp run should be used to book partial profit in related stocks, suggested Deepak Jasani, head of retail research at HDFC Securities.
The politician, Rao Nadeem, who is also a property dealer, did not attribute any reason for selling off his property.
Rejecting P A Sangma's claim and objection, the government on Monday said that the United Progressive Alliance nominee Pranab Mukherjee resigned as the chairman of the Indian Statistical Institute a week before he filed his nomination in the President's election and does not not hold any office of profit.
'People have got into the habit of sitting at home (and watching films).' 'They don't want to watch movies in theatres because they do not want to waste as much as Rs 1,000 on tickets.' 'They feel there is no point in watching a film on the big screen because it will anyway come on OTT in a month's time.'
A P J Abdul Kalam, who became the first President to return a bill to the Parliament, has said that his decision to send back the legislation on Office of Profit was to convey his personal opposition. Kalam, who demitted office in July, said he was aware that it was the first time in the history of the Parliamentary system that a bill was being sent back and contended that he had to do it.
As quick-commerce players find their foothold among consumers, brands are all set to step up their presence on these platforms.
At least 13 candidates are in the race for the position of managing director and chief executive officer (MD & CEO) of Punjab National Bank (PNB), the second-largest public sector bank (PSB), according to multiple sources familiar with the matter. "Among the candidates, some are executive directors (EDs) and managing directors in major PSBs. "Financial Services Institutions Bureau (FSIB) will conduct the interviews next month," said a source.
The asset quality of microfinance portfolios worsened in the quarter ending June 2024 due to the impact of heatwaves on borrowers' incomes and collections, coupled with rumours of loan waivers, according to Sa-Dhan. Jiji Mammen, executive director and chief executive officer of Sa-Dhan, said loans with 90+ days past due (dpd) rose to 1.2 per cent in June 2024, compared to 0.9 per cent in June 2023. The 90+ dpd also increased from 1.16 per cent in March 2024.
The Supreme Court on Wednesday sought to know the stand of the Centre referring a petition, challenging the constitutional validity of the amendment to the law on the Office of Profit, to a Constitution Bench.
'He was a practical person who ensured that he thought about the common man, animals, the fact that they have a life and they have to be respected.'
Members have to discharge various public responsibilities by holding such positions," the party Polit Bureau said in a statement.
Ace Aviation, which has been fighting Jet Airways for the acquisition of three Boeing B777 aircraft, said that it has acquired another aircraft for the conversion slot in early February 2025.
A bench comprising Mr Justices Arijit Pasayat and S H Kapadia made the notices returnable within eight weeks.
Shares of brokerages and market infrastructure institutions (MIIs) witnessed heavy selling pressure following the Securities and Exchange Board of India's (Sebi's) pivot to a uniform fee structure, which analysts fear could dent revenues. Discount brokerages, which currently benefit from a spread between client charges and exchange fees, are expected to be most affected. Shares of Angel One, the third-largest brokerage by active clients, fell 8.7 per cent. Groww and Zerodha, the largest brokerages, are not publicly listed.
The Indore high court has said that the post of MLA cannot be considered an 'office of profit', a stumbling block for those wishing to serve as mayors.
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