Jio Financial Services, a unit of Mukesh Ambani's Reliance Industries (RIL), got valued at Rs 1.66 trillion ($20 billion) following an hour-long special trading session conducted by stock exchanges on Thursday. Shares of RIL's unit got priced at Rs 261.85 apiece - higher than analysts' expectations of Rs 134-224 per share. The price was arrived at after calculating the difference between RIL's Wednesday (July 19) close of Rs 2,840 and Rs 2,580, the price discovered during the first-of-its-kind pre-trade session.
There are several examples of one name standing in for many brands.
The ministry is likely to go by the recommendations of a committee on liberalising external commercial borrowings, headed by M S Sahoo, a former director with the Securities and Exchange Board of India.
The ISI was taking no chances and wanted no repeat of Pulwama; it wanted to make it clear at a political level it was not involved with the revenge attack being planned, but was only giving India a friendly tip-off. A stunning excerpt from Ambassador Ajay Bisaria's Anger Management: The Troubled Diplomatic Relationship between India and Pakistan.
Expanding investigation into allegedly wrongful claims of input tax credit by insurance companies, the tax authorities are probing a section of automobile dealers who have supposedly generated fake invoices without providing any service, which is a punishable offence under goods and services tax (GST) law. The authorities are learnt to have questioned the car dealers to explain the services they provided general insurance companies. The investigators suspect car dealers pitched for insurance schemes that give them commissions in excess of those insurance regulations permit.
London Olympics organizers, on Monday, made it clear that it was never their intention that Dow Chemical's name would be on the fabric wrap around the main stadium for the Games and the company has now agreed to remove its branding.
Govt wants firms to remove suffixes & prefixes to original names of these drugs.
'A proposal to do away with labour laws is not feasible.' 'That's why we wanted to have a dialogue with the states.'
'Their role model is Iran: high control of the citizens by the State.' In Iran it is Islamic control; in India, it will be Hindutva control.'
The details of FIR made public on Monday show that independent witness K P Gosavi and one Prabhakar Sail, now deceased, were included by the NCB in the Cordelia cruise ship drug raid on October 2, 2021 on the directions of Wankhede.
The pages on Facebook and Instagram were created to negate the lies and propaganda flowing from across the border and also to apprise people of the real situation in the Kashmir valley, an official said.
According to the agency, several of the attached properties were registered in the name of shell companies and persons acting as proxies for Chatterjee.
He slammed naysayers for opposing developmental projects, saying some people have a habit of trying to stall any good work.
If Cyrus's protestations of having no knowledge of his imminent dismissal are to be taken at face value, he was extraordinarily naive and insulated from the ground reality. There were enough straws in the wind to suggest that his relations with Ratan were fast deteriorating to a point of no return.
He claimed the NDA government bought the planes at Rs 1,600 crore a piece as against the Rs 526 crore for each aircraft fixed by the UPA.
News of all that tranpired on and off the football field.
Images from India's first T20I against Australia in Visakhapatnam on Thursday.
Anil Rego, CEO, Right Horizons, answers your personal income tax queries.
However, Jaitley's son-in-law had earlier issued a statement stating that his law firm had returned the retainership the moment they came to know that the company was involved in a scam.
Scheduled commercial banks have written off loans amounting to over Rs 10.09 lakh crore in the last five financial years and the process of recovery of dues from the borrowers continues, Union Finance Minister Nirmala Sitharaman informed the Lok Sabha on Monday.
Union minister Rajeev Chandrashekar on Tuesday rejected Dorsey's claim, calling it an "outright lie" and "an attempt to brush out that very dubious period" of firm's history.
If the product is genuine, denial is violation of consumer laws.
Amid outrage over a plan to give powers to its arm Press Information Bureau to police fake news on social media, Union Minister Rajeev Chandrasekhar on Tuesday said that the government will hold discussions next month with stakeholders before the proposal is implemented.
To ramp up domestic battery manufacturing capacity and reduce the dependence on imports, the government has initiated talks with a few lithium-rich countries to supply the mineral to Indian companies, industry sources informed Business Standard. The Ministry of External Affairs (MEA) held a meeting with the ambassadors of countries, including Argentina, Chile, and Bolivia, among others, to put forth its request.
A naturally reclusive nature and a conviction for the work to do the talking meant there was very little known about Mistry even during his time at the helm of Tata Sons. He did not do a single media interview from Bombay House.
Arguably the greatest slow left-arm bowler that the world has ever seen, Bishan Singh Bedi left an indelible impression in minds of many with a character to die for.
Foreign portfolio investors (FPIs) are likely to seek from the finance ministry a six-month extension of the date for complying with the amendments to the Prevention of Money-Laundering Act (PMLA), citing implementation challenges. Sources said FPIs, through their custodians, were planning to approach the ministry, highlighting key concerns and seeking more clarification. The ministry, through a notification on March 7, lowered the threshold for reporting ultimate beneficial ownership (UBO) for non-profit organisations and politically exposed persons to 10 per cent from 25 per cent.
The National Company Law Appellate Tribunal (NCLAT) on Tuesday stayed a Rs 169 crore penalty imposed on Oravel Stays Ltd by the competition commission of India (CCI). Oravel Stays Ltd operates under the brand name Oyo. However, a two-member NCLAT bench while admitting the appeal filed by Oravel Stays Ltd (OSL) directed to deposit of 10 per cent of the penalty amount within six weeks.
'When I saw my name in the list, it was unbelievable.'
The leaked list contains the name of Union minister Jayant Sinha, who responded by saying that the transactions were not done for any 'personal purpose'.
Voice control and motion actions are now under one app called Moto.
The Supreme Court on Friday set aside NCLAT order of December 18, 2019 restoring Cyrus Mistry as executive chairman of Tata Group.
'Have a candid discussion with your management and raise your concerns,' suggests HR Guru Mayank Rautela.
Ramnik Narsey, the new chief, had joined the retail giant in May 2013.
While the brand was accused of 'defacing' the Hindu festival of Diwali by naming its festive collection as Jashn-e-Riwaaz (celebration of tradition), the company insisted that it is not a Diwali collection, which will be soon launched under 'Jhilmil si Diwali' promo.
'They want to win 45 out of 48 seats in Maharashtra in the 2024 general elections and joining hands with Ajit Pawar is in that direction.'
Governments must give companies a hearing before blacklisting them.
'My personal belief is that companies should reveal the details of the person who is posting content online which may hurt another person, so that one can go ahead with criminal proceedings against the former,' says Vinay Rai, who has gone to court against Web sites that he feels post objectionable content.
With the assembly polls only two years away, in 2026, any demoralising defeat in 2024, would challenge not only the party's continued relevance but also EPS's leadership, asserts N Sathiya Moorthy.
Following is the Facebook post of Finance Minister Arun Jaitley on one-year of the BJP-led NDA government.
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