Jamshyd Naoroji Godrej and his sister Smita Crishna Godrej-controlled Godrej & Boyce will hold the exclusive construction rights over a vast land bank, including a prime 3,000 acre-property in Mumbai, they got as part of the family agreement that split the Godrej empire, as per sources and regulatory filing. According to the agreement reached late Tuesday, the 127-year-oldgets to keep what group will be split into two entities - one led by Adi Godrej and his brother Nadir and the other by their cousins Jamshyd and Smita.
'Some of the astounding proposals, if translated into statutory provisions, would be suicidal.' 'This would not be a wonder cure for increasing insurance penetration and only result in mushrooming growth of players like paan kiosks with deleterious consequences.'
The investigators are unable to join several dots due to lack of evidence from the crime scene.
Their downside is that the donor relinquishes all control over the transferred property, and certain tax implications may also arise.
Rai said as per the information provided by the government of Jammu and Kashmir, after the abrogation of Article 370, a total of 520 migrants have returned to Kashmir for taking up the jobs under the Prime Minister's Development Package-2015.
An 'illegal' structure near trainee Indian Administrative Service (IAS) officer Puja Khedkar's family bungalow in Pune has been cleared, days after the civic body issued them a notice to remove it, an official said on Wednesday.
The Karnataka CM is facing allegations of illegalities in the allotment of 14 sites to his wife Parvathi B M by the Mysuru Urban Development Authority (MUDA).
Ask rediffGURU and tax expert Mihir Tanna your income tax-related questions.
Ask rediffGURU and tax expert Mihir Tanna your income tax-related questions.
A commando contingent of the Manipur police has been airlifted to Jiribam on Saturday morning from Imphal to assist in the security operations against the militants, police said.
Chattopadhyay was seen being taken out of his residence at Subhasgram in South 24 Parganas district around 2 pm by ED officials, who previously conducted search operations at the premises for over seven hours.
The Delhi high court has imposed costs of Rs 1 lakh on a man who made Lord Hanuman his co-litigant in a plea concerning the possession of a private land having a temple of the deity.
About the 34-year-old officer's alleged misuse of power, including the use of a private luxury car with a VIP number plate and red-blue beacon, during her tenure at the Pune collector's office, Dilip said she had taken permission for everything.
If the property is inherited from one generation to another, the person who inherits it cannot pass it on as s/he wishes, points out Rajesh Narain Gupta, managing partner, SNG & Partners.
The Enforcement Directorate (ED) on Wednesday produced WhatsApp chat records between former Jharkhand chief minister Hemant Soren and a close associate where information related to transfer and posting of state government officials involving 'huge amount of money' is alleged to have been discussed.
Police had launched a search for Manorama and her husband Dilip Khedkar after a video surfaced showing her allegedly threatening some persons with a gun over a land dispute at Dhadwali village in Pune's Mulshi tehsil.
'Business families like the Godrej group are increasingly realising that an amicable settlement is better.' 'Else, the wealth of all shareholders gets destroyed.'
The Indian Medical Association has announced a 24-hour nationwide withdrawal of non-emergency services from 6 am on August 17 to protest against the alleged rape and murder of a trainee woman doctor at the state-run R G Kar Medical College and Hospital in Kolkata and the subsequent vandalism at the facility.
Improved credit profile may make you eligible to transfer your existing home loan to another lender at a much lower rate.
Karnataka Chief Minister Siddaramaiah on Thursday held discussions with his cabinet colleagues in the wake of the Governor Thaawarchand Gehlot reportedly issuing him a 'show-cause notice', seen as a precursor to sanctioning his prosecution in the alleged Mysuru Urban Development Authority (MUDA) site allotment 'scam'.
The incident took place amid midnight protests by women against the horrific rape-murder of the doctor at the hospital.
Days after billionaire Mukesh Ambani-led group took some of the stores of Future Group, whose lease had expired due to the non-payment of rent, Amazon.com Inc on Tuesday accused the two of 'fraud' and said such 'contumacious' transfer will be liable to legal action.
The Enforcement Directorate (ED) has attached 8.86 acres of land in Ranchi allegedly owned by former Jharkhand chief minister Hemant Soren as part of a money laundering investigation against him and his associates, the federal agency said on Thursday.
In a video clip that had gone viral on social media, Faizan, along with four other Muslim men, was seen being beaten up by policemen while being forced to sing the national anthem and 'Vande Mataram'.
The government has reconstituted a high level committee for the disposal of enemy properties that have been left behind by those who migrated and took up citizenship of Pakistan and China.
Ask rediffGURU and PF expert Nitin Narkhede your mutual fund and personal finance-related questions.
The federal probe agency obtained these receipts from two Ranchi-based dealers and attached those to its charge sheet filed against the 48-year-old Jharkhand Mukti Morcha (JMM) leader and four others last month.
The ministry of external affairs said India received representations from the Sikh community expressing grave concern over the decision to transfer the management and maintenance of the gurudwara from the Pakistan Sikh Gurudwara Prabhandhak Committee to the administrative control of the Evacuee Trust Property Board, a non-Sikh body.
rediffGURU and financial planning expert Colonel Sanjeev Govila (retd) will answer your personal finance-related questions.
In a relief to homebuyers, assets in a real estate project that have been handed over to the allottee would be kept out of the liquidation process of the company, the latest amendment to the rules by the Insolvency and Bankruptcy Board of India (IBBI) has said. The notification dated February 12 said: "For the purposes of clause (e) of sub-section (4) of section 36, wherever the corporate debtor has given possession to an allottee in a real estate project, such asset shall not form a part of the liquidation estate of the corporate debtor." Real estate experts call it a "pragmatic approach" by the regulator. "However, there are many cases where possession has not been given because the property is stuck in insolvency.
A task force set up by the Ministry of Electronics and Information Technology (Meity) for transforming India into an "electronic and semiconductor products" nation is on the verge of finalising its report, which is likely to recommend an allocation of Rs 44,000 crore between 2024 and 2030 to support homegrown companies in their quest to develop products and build global brands. The task force's recommendations include significant incentives: Rs 15,000 crore dedicated to electronic products (systems), Rs 11,000 crore for semiconductor products, and Rs 18,000 crore for various other incentives such as talent development, common infrastructure, logistics, and technology & IP (intellectual property) acquisition, a member of the panel revealed.
Anil Rego, CEO, Right Horizons, answers your personal income tax queries.
Bollywood actress Kangana Ranaut and her sister Rangoli Chandel have moved the Supreme Court seeking transfer of cases pending against them in Mumbai to a court in Shimla, alleging there would be threat to their lives if the trial proceeds there because of 'personal vendetta' of Shiv Sena leaders against them.
rediffGURU Samkit Maniar answers readers' personal income tax queries
Union Law Minister Ravi Shankar Prasad on Thursday said Justice S Muralidhar of the Delhi high court was transferred on the recommendation of the Supreme Court collegium and accused the Congress of politicising a routine transfer. He added that a "well-settled process" was followed in the transfer of Justice Muralidhar to the Punjab and Haryana high court.
Besides LTCG tax relief, permitting taxpayers to declare two houses as self-occupied brings a huge relief.
Malik allegedly built an "illegal" madrasa in the Banbhoolpura area of Haldwani. Its demolition led to the violence in Banbhoolpura area of Haldwani on February 8.
Actor Amitabh Bachchan has gifted his bungalow in suburban Juhu in Mumbai to his daughter Shweta Nanda, according to official documents.
A sessions court in Palanpur town of Gujarat's Banaskantha district on Wednesday convicted former Indian Police Service officer Sanjiv Bhatt in a drug seizure case dating back to 1996.
For Indian parents, sending a child abroad for a three-year degree could deplete 48% of their retirement savings, while a four-year degree may consume up to 64%.
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