Start-up entrepreneurs nearly doubled their contribution to philanthropy in 2022 but their numbers shrank. They decreased to only three (from five) in the top 100 of the Edelgive Hurun India Philanthropy List of 2022 which was released on Thursday. Over the year, no new start-up whizz kid joined the list either. The three start-up entrepreneurs who made it to the list contributed collectively Rs 166 crore in FY22, nearly double that of Rs 83 crore in FY21.
SoftBank-based e-commerce marketplace Snapdeal has deferred its Rs 1,250 crore IPO, joining the list of startups that have decided to shelve their initial public offering (IPO) plans this year. Snapdeal, which competes with Amazon and Flipkart, filed a request this week with the Securities and Exchange Board of India (Sebi) to withdraw its draft red herring prospectus (DRHP) amid a sell-off in tech stocks worldwide. "Considering the prevailing market conditions, the company has decided to withdraw the DRHP. The company may reconsider an IPO in the future, depending on its need for growth capital and market conditions," a Snapdeal spokesperson said.
Several Odisha police personnel and BJP supporters were injured and vehicles of the cops were damaged as saffron party workers fought a pitched battle with the force during a march to the assembly.
The Indian rupee, which has depreciated 1.1 per cent so far in August, is expected to decline further on the back of a strengthening US dollar and a weakening Chinese yuan, according to a Business Standard poll of analysts. The Indian rupee hit an all-time low recently, closing at 83.15 per dollar. Five of the 10 respondents said the Indian currency might touch 83.5 per dollar in August itself, while others said the worst could be over.
Edelweiss ARC, in a statement, denied that any undue pressure was brought to bear on Desai for loan recovery.
The VHP on Sunday dismissed as 'fake and baseless' the reports that its activists and those of the Bajrang Dal will participate in an event to be organised by the MNS to play 'Hanuman Chalisa' on loudspeakers outside the mosques in Maharashtra on May 3.
The BJP has dropped C T Ravi, a leader from Karnataka, Dilip Saikia, a Lok Sabha MP from Assam, as its general secretaries, and Vinod Sonkar, Harish Dwivedi, both Lok Sabha MPs from Uttar Pradesh, and Sunil Deodhar as secretaries.
The Bijnor police has junked a noted journalist's allegation of land grabbing in Nagina town near here against Shri Ram Janmbhoomi Kshetra trust general secretary and Champat Rai.
Scheduled international passenger flights to and from India remain suspended since March 2020 amid the coronavirus pandemic. The suspension has been extended till November 30.
'The job of banning movies should be left to the censor board. There are many artistes among our members'
Notwithstanding the robust turnaround in the financial performance for the June quarter (Q1FY24), stocks of state-run oil marketing companies have been in a downtrend in the last month. The fall comes on a rise in crude oil prices that have surged to a 7-month high of $88 a barrel. A busy political calendar in the months ahead that may see the government keep a lid on auto fuel prices is also a dampener, analysts said. Shares of Hindustan Petroleum (HPCL), Bharat Petroleum (BPCL) and Indian Oil (IOC) have shed 9-11 per cent since their respective earnings announcement between July 26 to August 4.
'Given that the market is now demanding disciplined growth, well-run companies should be able to demonstrate profitability with the cash on hand.'
The Delhi high court on Friday refused to interfere with the arrest and subsequent police remand of NewsClick founder Prabir Purkayastha and portal's human resources department head Amit Chakravarty in a case lodged under anti-terror law Unlawful Activities (Prevention) Act.
As the Indian version of The Archies gets ready to hit OTT, Deepa Gahlot picks 10 interesting college-and-youth-oriented shows on OTT.
The Centre has appointed senior IAS officers Vumlunmang Vualnam and Neeraj Mittal as new secretaries in the ministry of civil aviation and the department of telecommunications respectively in a major secretary-level bureaucratic reshuffle, a government order stated.
'Sector funds like IT funds should be included only in the satellite portfolio.' 'Limit your exposure to IT sector funds to around 5-10 per cent of your equity portfolio.'
Several BJP leaders in the past have raised a demand for changing the name of the country from "India" to "Bharat".
While 39 members of the all-important panel are general members, it has 32 permanent invitees, including some in-charges of state and 13 special invitees.
The government, while removing encroachments or unauthorised constructions, never adopted "pick and choose" policy and that too on the basis of caste, creed or religion, the affidavit stated.
What goes in favour of Asur 2 is its pace and novelty, even though the approach has all the hokiness of a comic book, observes Deepa Gahlot.
TMFs invest in a public index, so investors know beforehand which instruments the fund will invest in.
The violence came after Friday evening's Hanuman Jayanti processions were held under tight security.
For the first time, non-upper castes are in a majority in the board, as the party continues with its outreach to traditionally weaker and backward sections of society.
Sonam Bajwa was the picture of elegance in a printed blue maxi dress.
The interim panel headed by him would take the place of the Congress Working Committee, the apex decision-making body, till a new CWC is formed after Kharge's election is ratified at the party plenary.
The Enforcement Directorate (ED) on Wednesday temporarily sealed the premises of Young Indian (YI) in the Congress-owned National Herald office in Delhi as part of an ongoing money laundering investigation, official sources said.
Walmart-owned Flipkart on Thursday said the company is in compliance with Indian laws, including FDI regulations, and will cooperate with the Enforcement Directorate on the notice sent to the e-commerce major. The Enforcement Directorate (ED) has issued a show cause notice of Rs 10,600 crore to Flipkart and its promoters for alleged violation of the foreign exchange law, official sources said on Thursday. When contacted, Flipkart said it is in compliance with Indian laws and regulations, including FDI regulations.
The plenary session in Chhattisgarh's Nava Raipur will start from February 24 and is expected to be attended by around 15,000 delegates.
From show business to sports stories, you'll find plenty to keep you busy on OTT this week.
Since its results, the stock of bottling and beverage distribution company Varun Beverages (VBL) is up 7 per cent on the back of a strong 2022-23 January-March quarter performance, robust outlook, and revision in profit estimates. Given the sharp uptick, it is now part of the trillion-rupee club, with its market capitalisation at Rs 1.01 trillion. The stock is one of the best performers in the consumer space as well as the S&P BSE 200, of which it is a constituent.
Harshit Bansal, founder of Renani Jewels in Meerut, India, has broken the dazzling Guinness World Records title for the most diamonds set in one ring -- 12,638.
While film folk paid tribute to the Disco King on social media, a few visited his residence.
A non-Gandhi is set to become the Congress president after 24 years.
She claimed that Chief Minister Manohar Lal Khattar is trying to influence the probe
The eastern and northern parts of Delhi witnessed rain and hailstorm, IMD said.
Pant, a 1991-batch Indian Administrative Service officer of Rajasthan cadre, is currently secretary in the ministry of ports, shipping and waterways.
The Congress is gearing up to demonstrate a political show of strength on Monday when the party leader Rahul Gandhi will appear before the Enforcement Directorate (ED) in connection in connection with a money laundering case linked to the National Herald newspaper.
Congress leader Sukhjinder Randhawa and Brahm Mohindra will be two deputies to Punjab's Chief Minister-designate Charanjit Singh Channi, said party leader Pawan Kumar Bansal.
The Bharatiya Janata Party has raised the number of "difficult" Lok Sabha seats it is eying to win in the 2024 Lok Sabha polls to 160 from 144, with a big chunk of additions coming from Bihar where it is set to contest most of the constituencies on its own following its split with the Janata Dal-United.
