Reliance General Insurance Company (RGIC), a subsidiary of Reliance Capital, finds itself in a bind as the Directorate General of GST Intelligence (DGGI) has issued multiple Show Cause Notices (SCNs) amounting to Rs 922.6 crore. This development comes at a time when Reliance Capital is currently undergoing a debt resolution under the National Company Law Tribunal (NCLT) process in which the Hinduja group has emerged the winner. The Hinduja acquisition is currently awaiting the Supreme Court's approval after the Torrent group, the winner of the first round, challenged the second auction conducted by the lenders of Reliance Capital.
The strike by a section of employees of Brihanmumbai Municipal Corporation for a pay hike was called off on Tuesday evening following "positive assurance" on the issue from the Maharashtra government, bringing relief to citizens affected by the stir.
The Enforcement Directorate, which has been investigating the Mahadev app-linked money laundering case for more than a year, alleged in the past that its probe has shown involvement of various high-ranking politicians and bureaucrats from Chhattisgarh, where the two main promoters of the app hail from.
The West Bengal government is committed towards compensating the losses suffered by chit fund investors in the wake of the Saradha Group's collapse, Chief Minister Mamata Banerjee said on Thursday.
TCS chief operating officer N Ganapathy Subramaniam earned over Rs 11.61 crore in FY19 as compared to Rs 9.29 crore last fiscal.
'If a poor voter sees Modi's picture on ration bags, it is natural he will vote for Modi and the BJP.'
RBI said more monetary transmission to support growth continues to be critical.
"The amount of both the family pensions will now be restricted to Rs 1,25,000 per month, which is over two and half times higher than the earlier limit," said Singh, the Minister of State for Personnel.
Digital ghosts have opened a new can of worms for digital experts.
"The polluter must pay and polluter will pay. Studies by different institutions have been commissioned for ascertaining the impact of the oil spill on the fishery sector and other economic losses," said Ramesh, replying to questions on the oil spill resulting from the collision of vessels on August 7.
'The actions of Indian monetary authorities will depend on how quickly they want the inflation to come down to 4 per cent.'
ICICI Bank has been directed by a Consumer Commission to pay over Rs one lakh to a businessman after payments made to him for goods purchased by customers through credit cards failed to get credited into his account.
Speaking to reporters after meeting the family, he said, as MLA of the locality, Arvind Limbavali is said to have tried to settle things.
The government on Tuesday made it clear that 'polluter must pay' for the environmental and maritime losses arising out of the collision of the two ships off Mumbai coast early this month.
In its complaint against Shah, the Congress told the EC that the home minister claimed in a speech in Chhattisgarh's Rajnandgaon on October 16 that "...Bhupesh Baghel's government, for appeasement politics and vote bank politics, lynched Chhattisgarh's son Bhuneshwar Sahoo and got him killed..."
Adani group opened a $1.2 billion copper plant, bought a port in Odisha, raised stakes in a cement company and stitched an alliance with rival Mukesh Ambani's Reliance Industries, all in a matter of one week in signs that the apples-to-airport conglomerate has shrugged off the Hindenburg effect and is back to rapid expansion spree. In the last one week, Adani group has through regulatory filings and press statements announced expansions and investments in its mainstay ports business, diversification into metal refining, fund infusion into a two-year-old cement foray and continuing progress in the commissioning of its mega solar project.
In an interview with Business Standard, days before the announcement of the Railway Budget for 2011-12, Financial Commissioner Samar Jha hopes that the railways would tide over the crisis soon, as the impact of the Sixth Pay Commission recomendations dissipates and earnings improve. Edited excerpts:
The DA hike will take effect from July 1.
A new entrant, whether a popular actor or not, has not been able to sweep the polls, as their fans had hoped for. Given a proven pattern, it should hold true for Vijay as well. Or, something drastically has to happen between now and 2026, asserts N Sathiya Moorthy.
'The fiscal deficit target of 3.9 per cent of GDP seems achievable.'
The ED said its investigation also revealed that from 2019 to 2022, the sale of 'unaccounted illicit' liquor was almost 30-40 per cent of the total liquor sale in the state.
Nearly 800 employees started the strike on February 3 alleging gross mismanagement of funds by the top management and demanded a thorough audit of ICAI by comptroller and auditor general.
In upmarket areas like Bandra and Khar, the going brokerage is as high as 4 per cent
The law officer said the money trail showed that Rs 45 crore "kickback" used in the Goa assembly elections came from four hawala routes.
Resources alone will not make the Indian armed forces the envy of its adversaries. It is the policy direction that is set by the military leadership and the quality of training imparted to its manpower that will make the difference. The debate on the wide-ranging changes that India's defence set-up needs should have been initiated long back by the armed forces themselves.
The department Thursday confirmed by email that Officer Daniel Auderer has been administratively reassigned to a non-operational position.
The World Anti-Doping Agency (WADA) said on Friday its Independent Commission will urgently launch an investigation into widespread doping allegations against international athletics.
'Farmers have been sent notices in which the government is threatening that if you will join the movement, then we will impound your ancestral properties.' 'We will seal your bank accounts.' 'We will revoke the passports of your kids.'
Bharat Sanchar Nigam Limited has sent a letter to the Pilibhit District Election Officer seeking necessary action against Bharatiya Janata Party MP.
Fresh investments are constrained by tepid demand.
Google, in its latest appeal to the Supreme Court, has said the Competition Commission of India (CCI) is protecting Amazon's interests after having complained that India's anti-competition body (CCI) had copied part of a European Commission ruling against it for allegedly abusing the market dominance of Android. The latest twist to the Google-CCI case comes as Google filed an appeal in the Supreme Court on June 26, against the National Company Law Appellate Tribunal's (NCLAT's) March 29 order. The tech giant's contention is that the NCLAT failed to apply the "effect analysis" part in the CCI order.
Computer maker Dell said it has agreed to pay $100 million in a settlement with US regulator Securities Exchange Commission following a probe into the company's accounting methods and its relationship with chipmaker Intel Corp.
The Karnataka government on Wednesday decided to conduct an inquiry into the violence in parts of the city on Tuesday night, in which at least three people were killed and scores of others were injured, through a district magistrate.
'How come the BJP won even in the Muslim belt? I am 100% sure that the BJP would not win in the Muslim belt.'
Will BJP campaigners start using the term 'Ram Rajya' to refer to the nation under Modi's rule, asks N Sathiya Moorthy.
'Gruha Lakshmi Yojana' is an attempt of the Congress party to share the 'burden of the exorbitant' LPG prices and the 'costly daily expenses' that a woman has to bear, the party said.
Seeking more funds, Railway Minister Mukul Roy requested Prime Minister Manmohan Singh and Finance Minister Pranab Mukherjee to provide additional allocation to meet the rising demands of the Railways to achieve efficiency and provide more safety.
Abdullah issued a white paper on development undertaken in Jammu and Kashmir during the rule of "Abdullah and Sons" -- as Shah referred the family in his speech at a rally in Baramulla district -- to counter the allegations of corruption.
'Our political leadership needs to grasp that there is a difference between a soldier, policeman, trained private security guard and a chowkidar, though all of them provide security.' 'The cross border raids by the army could not be taken by the Central Reserve Police Force, for sure!'
The policy review observed that the moderation in inflation, excluding food and fuel, that was witnessed in the first quarter of 2017-18 has "by and large, reversed".
