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.
Competition in the fast-growing quick commerce sector is heating up as Swiggy Instamart faces a tough challenge in narrowing the gap with Blinkit, which currently dominates the market. In the second quarter (Q2) of 2024-25 (FY25), Instamart's gross order value (GOV) rose by 42.1 per cent quarter-on-quarter (Q-o-Q) and 75.5 per cent year-on-year (Y-o-Y), reaching Rs 3,382 crore.
Younger investors with long investment horizons may continue their SIPs.
The bottom lines of several private sector banks have taken a hit following the recent guidelines released by the Reserve Bank of India (RBI) on alternate investment fund (AIF) investments. Last month, the RBI announced that regulated entities, such as banks, non-bank lenders, and home financiers, cannot invest in AIFs that have directly or indirectly invested in companies that have borrowed money from the lenders. In case an entity had already made such an investment, they must liquidate the investment or make 100 per cent provision, RBI had said.
'I believe that the overall demand for commercial vehicles will improve, even though there is a slowdown in the GDP.'
'We plan to launch new initiatives, including cash flow-based lending, to ensure borrowers are not burdened and can access funds more quickly.'
All transactions in the units of an asset management company's mutual funds exceeding Rs 15 lakh executed by designated persons, trustees, or their immediate relatives must be reported to the compliance officer within two business days from such transactions, Sebi said on Tuesday. The threshold of Rs 15 lakh could be either in a single transaction or multiple transactions within a quarter, per PAN, across all schemes except exempted ones. The new rules will be applicable from November 1, the Securities and Exchange Board of India (Sebi) said in a circular.
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.
The United Kingdom extracted USD 64.82 trillion from India over a century of colonialism between 1765 and 1900 and USD 33.8 trillion of this went to the richest 10 per cent -- enough money to carpet London in notes of 50 British pound almost four times over.
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.
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.
'Focus will be on smaller loan amounts to meet the needs of affordable homebuyers.'
'The Budget must be pro-growth, focusing on infrastructure creation while also managing the fiscal deficit.'
Members have to discharge various public responsibilities by holding such positions," the party Polit Bureau said in a statement.
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.
A bench comprising Mr Justices Arijit Pasayat and S H Kapadia made the notices returnable within eight weeks.
PVR-Inox is in an inherently fickle business. If there is a string of flops, the box office collections will be weak. Conversely, Q2FY24, which witnessed several hits, has brought about an upside in revenues. However, the merger has led to market share gains and synergies that helped bring breakeven down to approximately 20 per cent occupancy.
Novice investors must understand that volatility is an inherent part of equity markets and learn to navigate through such phases.
Private sector banks that announced their earnings for the October-December quarter (Q3) of 2024-25 (FY25) reported a rise in credit costs due to higher provisions, mainly for unsecured retail loans.
Sanju Samson's technical weaknesses against express pace along with Rinku Singh's dip in form and fitness issues will be a concern for India
The Election Commission on Friday cleared Prime Minister Manmohan Singh and Finance Minister P Chidambaram of the charge that they held offices of profit.
The Election Commission has issued a notice to Union Minister of State for Commerce Jairam Ramesh on a complaint seeking his disqualification as a Rajya Sabha member on the office of profit issue.
SBI Mutual Fund recently launched the SBI Quant Fund. Its new fund offer (NFO) opened on December 4, 2024, and will close on December 18, 2024. Currently, 11 fund houses manage quant funds with assets worth Rs 9,013.6 crore.
Kalam has given his assent to the Delhi Members of Legislative Assembly (Removal of Disqualification) Amendment Bill, 2006, and the Delhi goverment will soon issue a notification regarding it, sources said.
Office of Profit: BJP against diluting spirit of statute
About 43 MLAs and 200 MLAs have been named.
After registering a net profit of Rs 25.1 crore in Q3FY25 and consolidated revenues growing by 7 per cent on a like-for-like basis, Siddharth Mittal, chief executive officer (CEO) and managing director, Biocon, told Sohini Das/Business Standard in a virtual interaction that local manufacturing in the US is a trade off between cost and qualifying to do business there.
The $22.8 billion CK Hutchison ports deal intensifies geopolitical tensions between the US and China. Chinese media has already called it 'a betrayal of all Chinese people'. Shyam G Menon explains how the proposed sale will reshapes global trade infrastructure.
Much of the discussion is happening at a "family level, not a corporate level". That means it is an Ambani or a Goenka in direct talks with Johar.
In the ongoing saga of senior management resignations, Wipro announced on Monday that its chief technology officer (CTO) Subha Tatavarti has resigned. Her resignation will be effective from August 16, 2024. In a regulatory filing, the company said: "Subha Tatavarti, CTO, resigned from the services of the company to pursue opportunities outside Wipro."
'As we navigate uncertain waters, a conservative approach to largecap investing could provide a strategic advantage.'
IT services major HCL Technologies (HCLTech) on Monday reported a 10.51 per cent increase in consolidated net profit to Rs 4,235 crore in July-September quarter of FY25, as the company raised the lower band of its growth guidance on the back of better-than-expected performance. The Noida-headquartered firm had posted a net profit of Rs 3,832 crore in the year-ago period. HCLTech increased the lower band of its revenue growth guidance to 3.5-5 per cent year-on-year in constant currency, against a guidance of 3-5 per cent in the first quarter.
'Can we give young India the tools to solve the problems the country or society faces and uplift the community?'
'The steel industry expects the government to decide on safeguard measures from dumping post-Budget'
The top court asked the state government to spell out details of its actions taken against the culprits and the encroachers.
India's fast-moving consumer goods (FMCG) sector grew 5.7 per cent by value and 4.1 per cent by volume in the July-September quarter driven by rural demand, consumer intelligence firm NielsenIQ said in its quarterly update on Thursday. Price-led growth stood at 1.5 per cent. According to NielsenIQ data, rural volume growth outpaced urban markets for the third straight quarter despite consumption softening in both regions.
The eighth Budget of Finance Minister Nirmala Sitharaman continued to focus on 'GYAN' (Garib, Youth, Annadata, Nari) to maintain a consistent and coherent strategy initiated over the years in pursuing the government's vision for Viksit Bharat. The approach, characterised by incremental yet impactful steps, aims to create a compounding effect over time.
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.
