Japan's Sony Corporation, which is merging its Indian television content company with Zee Entertainment Enterprises, is likely to seek a fresh forensic audit of the company after market regulator Sebi levelled fund diversion charges against Zee promoters, top lawyers said. The Sebi also barred Zee founder Subhash Chandra and its Chief Executive Officer (CEO) Puneet Goenka from holding any position as director. "As the Sebi has made fund diversion charges, which may change the nature of audited reports already filed, the acquirer (Sony) can seek a fresh forensic audit," said H P Ranina, a corporate lawyer.
A fact-finding team of MPs and MLAs from the Left parties and the Congress, which arrived in Agartala on Friday to look into post-poll violence in Tripura, was attacked in Sepahijala district, police said.
Experts consider Sebi's takeover code in its present form to be on a par with any foreign code governing public mergers and acquisitions.
The ED carried out searches against two former auditor firms of IL&FS -- BSR and Associates and Deloitte Haskins and Sells -- on Wednesday in connection with its money-laundering probe into alleged financial irregularities at the infrastructure development and finance company, official sources said. The premises linked to the two auditors in Mumbai were searched under the provisions of the Prevention of Money Laundering Act (PMLA), they added. The action came a week after the Supreme Court set aside a Bombay High Court verdict that quashed an SFIO probe against the two companies, both former auditors of IL&FS Financial Services, paving the way for action against them under the Companies Act and allowing the National Company Law Tribunal (NCLT) to take forward its enquiry against them.
'Professors can teach even when they are 90 because they don't lose their skill with words. Go deeper and there's spirituality in it.'
The Securities and Exchange Board of India (Sebi) has proposed stricter disclosure norms for certain foreign portfolio investors (FPIs) to bring in more transparency and trust against the backdrop of the Adani-Hindenburg Research saga. Under the new norms, FPIs with an exposure of more than 50 per cent to a single group or with assets of over Rs 25,000 crore will be tagged as 'high risk' and will be required to provide additional information such as full identification of their ownership, economic interests, and control rights. A failure to provide these disclosures will lead to invalidation of the FPI registration.
He said going through the court was a loss for both Hindus and Muslims and an out-of-court settlement would be a 'win-win situation' for both the communities.
The constable fired from his automatic weapon, killing an RPF Assistant Sub Inspector and three other passengers of the Jaipur-Mumbai Central Express shortly after 5 am, the official said.
'Many non-resident taxpayers faced issues in filing Form 10F since the portal didn't allow those who didn't have PAN to file the form.'
Weeks before Canada made an explosive allegation implicating Indian officials in the killing of Sikh separatist leader Hardeep Singh Nijjar, Canadian officials sought public condemnation of the murder from their allies, including the United States, but were met with reluctance, The Washington Post reported.
'Which fund manager in the world will put money into a company that hasn't filed its annual account?'
While, Mahasabha plea seeks 'limited review' of the verdict, another review plea has been filed by activists.
TMC MP Abhishek Banerjee had addressed a public meeting in Kolkata on March 29.
The Delhi Police have arrested two more persons on Thursday, in connection with the Jahangirpuri violence that took place in Delhi on the occasion of Hanuman Jayanti on 16 April, 2022.
'As CIC, you have the power to comment on policy matters. 'If you have very strong beliefs and you know your rulings will be reported, you will express your beliefs.'
The Supreme Court on Friday asked the Army to put its "house in order", saying that it feels that it has not been "fair" to the women officers who have alleged delay in promotions after being granted permanent commission on the directions of the top court in 2020.
Is Governor Ravi acting without informing/consulting the Centre, or is the BJP leadership unsure of what to do with the DMK in Tamil Nadu? asks N Sathiya Moorthy.
Saha, an MLA from the Burwan constituency, was being questioned by the CBI since April 14 in connection with the case as searches went on at his house in connection with the illegal recruitments in state sponsored and aided schools, they said.
Taking a strong stand against the call by its ally Shiv Sena for the scrapping of Muslims' voting rights, the government today said such suggestions were not acceptable to it and that these "should not be discussed even hypothetically".
'There were two options before the government -- create a complex, cumbersome law, which will cause a tremendous amount of compliance challenges for startups or say let's go back and do a clean slate, where we do a framework of laws and policies'
Ahead of the Yoga day, the prime minister posted a video on his Twitter handle giving a message that yoga is a 'passport' to health assurance.
Once the Canadian investigation runs its course, Ottawa may put on the public domain further accusations passing for "evidence" -- and that could happen at some point closer to our general election. All in all, the big question is, what is it that the US is really up to, asks Ambassador M K Bhadrakumar.
VHP leader Sadhvi Prachi on Tuesday kicked up another controversy with her remarks that those who are opposed to Yoga should go to Pakistan.
'Given that they are playing at home and will have full crowd support, India, who are in peak form and whose morale is high, will be the favourites.'
Begin by creating a household budget. Involve all family members in the exercise and cut costs wherever possible.
Minister of State for Minority Affairs Mukhtar Abbas Ansari believes a national debate on a Uniform Civil Code is a must. 'The need of the hour is to debate this issue at length in order to create a consensus,' Ansari tells Rediff.com, adding, 'Such a debate must take place at the grassroot level. We must understand all the divergent viewpoints before any draft can be prepared.'
While five pleas have been filed by Maulana Mufti Hasbullah, Moulana Mahfoozur Rehman, Mishbahuddin, Mohd Umar and Haji Nahboob, who are all supported by the All India Muslim Personal Law Board, the sixth one has been filed by Mohammad Ayub.
Owaisi said the CBI should appeal against the judgment "to protect its independence."
A five-judge constitution bench would commence hearing from May 11.
Annabel Mehta, Sachin Tendulkar's mother-in-law, has dedicated her life to working with the Beautiful People of the other half of Mumbai without whom the city would neither exist nor thrive. Vaihayasi Pande Daniel met the amazing lady who was awarded the Member of the Order of the British Empire for her service to underprivileged communities.
The BSP, which fielded nearly 100 Muslim candidates, won only four out of the 77 assembly seats dominated by Muslim voters.
'The prime minister spoke of inclusive growth and being representative of the aspirations of 125 crore people of this country but clearly, he is not being allowed to play that role,' All India Muslim Personal Law Board member Kamal Faruqui tells rediff.com's Upasna Pandey.
The Central Bureau of Investigation (CBI) began making submissions on Monday on its appeal before the Delhi high court challenging the acquittal of accused persons, including former telecom minister A Raja, and firms in the 2G spectrum allocation scam case in December 2017.
Six entities including four foreign portfolio investors (FPIs) are under lens for suspicious trading in Adani group shares prior to the release of the damning Hindenburg report, the Supreme Court-appointed expert committee has said. There was a build up of short positions in the Adani scips prior to the January 24 release of the Hindenburg report, and substantial profits were booked thereafter as stocks crashed, the 178-page report said. A "short" position is generally the sale of a stock one does not own.
'For a responsible person like him to utter such nonsense is shameful.' 'He is not fit to be a director on the RBI central board.'
When powers vested by the Finance Bill 2017 begin to get mildly used, fellow Indians living in the corporate bubble will get a faint whiff of what life can be like when you run a grocery store in the streets of Kashmir or the North East.
The entire operation was meant to have a chilling effect on independent journalists, those not completely subservient to the regime, the small section still doing what the Fourth Estate should do -- raising questions to those in power.
'As long as true Hinduism survives in India, we need not let the Hindutva fear factor keep us from accepting a change in Muslim personal law with a ban on triple talaq,' says Najid Hussain.
Kochhar has been issued a showcause notice by the regulator for alleged violation of the code of conduct.
Delhi Waqf Board chairman Amanatullah Khan in a letter to ASI director general, last week, requested for allowing namaz at the "ancient" Quwwat-ul-Islam mosque in Qutab Minor complex.
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