Veterans in the travel industry, a well-known corporate lawyer, and a marquee US-based hedge fund have backed the upcoming low-cost airline Akasa Air. Founded by former Jet Airways chief executive officer (CEO) Vinay Dube, the venture counts ace stock trader and investor Rakesh Jhunjhunwala as its biggest financial backer with an investment of around Rs 300 crore. A person with knowledge of the development said most of the people were well known to Jhunjhunwala and Dube, who approached them during the conception stage.
Alarmed by a petition pointing out a parallel Islamic judiciary for handling "Imrana" type cases, the Supreme Court on Tuesday issued notices to the central government, All India Muslim Personal Law Board and Islamic seminary Darul Uloom.
'I yet again implore you to start working as a team for the betterment of the athletes and the Olympic Movement in India.'
The Union law ministry will file a consolidated reply on the issue in the apex court by the end of this month.
It urged Muslims to express their anguish by observing a peaceful bandh, but prevent vested interests from taking advantage of the situation to create trouble.
While Ayodhya resembled a city under seige earlier during the day, the scene was no different elsewhere in the state with police and central forces keeping an eye over the security situation and Chief Minister Yogi Adityanath personally monitoring it from a hi-tech control room in the state capital.
If the newly-formed All India Muslim Women Personal Law Board would have its way, a Muslim would be entitled to seek divorce if her husband was found ton be having illicit relationship with another women. Divorce could also be sought by a Muslim woman if the husband forces the wife to indulge in unnatural sex. She could also seek 'talaq' (divorce) if the husband contracts AIDS. The new nikahnama adds that a husband is expected to provide 'cooked food' and 'stitched food'.
Making it clear that it does not want any confrontation with the judiciary, the All India Muslim Personal Law Board on Sunday constituted a committee to frame a reply to a Supreme Court notice on a petition challenging existence of Islamic courts.
Seeking to ensure strict adherence to COVID-19 protocols by air travellers, aviation regulator Directorate General of Civil Aviation (DGCA) on Saturday asked airlines to de-board passengers who do not wear their mask 'properly' despite repeated warnings.
The SC is dealing with legal and constitutional issues relating to discrimination against women in various religions and at religious places including Kerala's Sabarimala Temple.
A new schedule has been added to report income from cryptocurrencies and other Virtual Digital Assets.
'Clients deemed higher-risk are required to update their KYC more frequently.'
The merger of ZEE Entertainment and Sony has reached an advanced stage of completion, and the issues faced by promoters with Sebi should not become a problem for the company, debarred ZEEL MD Punit Goenka has said in a letter to employees, according to sources. Goenka, who along with his father Subhas Chandra, was denied any interim relief against a Sebi order that barred them from holding the position of director or key managerial post in any listed company, in the letter ZEE Entertainment Enterprises Ltd (ZEEL) staff asserted that the merger of Culver Max (earlier known as Sony Pictures Networks India) is at a very important juncture. With the Securities Appellate Tribunal (SAT) restricting him from holding a directorial or key managerial position in a listed company, Goenka told the employees that the ZEEL board has constituted an interim committee of senior executives to ensure smooth operations and day-to-day functioning.
When the bench asked Sibal 'shouldn't we hear the matter', he replied, 'Yes. You shouldn't.'
A number of persons fainted after experiencing 'burning sensation' in their throat and chest. Many people who were asleep woke up in panic and scurried out of their homes and alerted neighbours and all of them soon reached the main roads unsure of what to do.
Tension prevailed in the old city area here when members of two groups engaged in brick-batting and arson during a religious procession, the police said on Wednesday.
The Securities Appellate Tribunal (SAT) on Monday set aside the penalty imposed by Sebi on Reliance Industries Ltd's chairman Mukesh Ambani and two other entities in a case related to alleged manipulative trading in the shares of erstwhile Reliance Petroleum Ltd (RPL) back in November 2007. The ruling has come after all the entities appealed before the tribunal against the order passed by the Securities and Exchange Board of India (Sebi) in January 2021. In January 2021, Sebi imposed a Rs 25 crore fine on Reliance Industries Ltd(RIL), Rs 15 crore on Ambani, who is the company's chairman and managing director, Rs 20 crore on Navi Mumbai SEZ Pvt Ltd and Rs 10 crore on Mumbai SEZ Ltd in RPL case.
He urged Muslims not to make Ayodhya a 'prestige issue'.
The outfit's international president Ashok Singhal said there was no need for a new mosque in Ayodhya.
Religious scholar Hazrat Moin Miyan said though the option of filing a review petition is open, they are accepting the verdict for the betterment of the society.
The Union government has sought vacation of the SC's interim order banning all kinds of religious activities in the 67-acre acquired land around the disputed structure in Ayodhya.
Leaders across the political spectrum, social activists and top jurists on Tuesday hailed the landmark Supreme Court verdict banning the practice of instant divorce among Muslims.
Those who want to invest should consider their risk appetite. Youngsters may go for it as they have a longer horizon to recover from a setback.
'If taxpayers have not filed a belated ITR, they will be allowed to file an updated ITR from April 1, 2024.'
Adding a fresh twist to the ongoing controversy over ownership of the Taj Mahal, the Shia community in Lucknow has claimed that the 17th century monument of love was a Shia property as Mumtaz Mahal in whose memory it was a Shia.
Pirojsha Godrej, 43, patriarch Adi Godrej's son, is set to take over as chairman of the Godrej Industries Group from 2026 whol Nyrika Holkar, Smita Godrej Crishna's 42-year-old daughter, has emerged as the face of the Godrej Enterprises Group.
'If it is proved that a Ram temple was demolished and on the same place a masjid was constructed, I think we have got no right to be there for a moment.'
The Securities and Exchange Board of India (Sebi) has proposed new regulations to deal with suspicious trading activities-a move that will empower the market watchdog to go after entities making unusual profits without any fundamental basis. The regulator has issued a discussion paper, inviting feedback on the draft of the Sebi (Prohibition of Unexplained Suspicious Trading Activities in the Securities Market) Regulations, 2023, which are aimed at curbing front-running, use of mule accounts, pump and dump schemes, and misuse of social media influencers. Currently, Sebi's Prohibition of Fraudulent and Unfair Trade Practices (PFUTP) and Prohibition of Insider Trading (PIT) Regulations deal with such activities.
The apex court said 'we are not straightaway arriving at any conclusion' as there were 'very strong views' on both sides. It said it will also see if there was any error in previous judgements which dealt with the issue and decide whether it can be referred to a larger or a five-judge constitution bench.
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