An Australian court upheld a government decision to cancel Novak Djokovic's visa on Sunday, ending the unvaccinated tennis superstar's hopes of winning the Australian Open and racking up a record-breaking 21 men's Grand Slam titles.
In a bid to ease compliance towards companies planning public offers (IPOs), the Securities and Exchange Board of India (Sebi) has notified norms that open more avenues to meet the minimum promoters' contribution (MPC). The market regulator has permitted promoter group entities and non-individual shareholders to contribute to the mandated promoters' contribution in the case of a shortfall without being identified as a promoter.
A paternal aunt of the teenager allegedly involved in the Pune Porsche car crash that killed two IT professionals last month has moved the Bombay high court claiming the boy was in 'illegal' detention and sought his immediate release.
The government has notified a host of procedural changes in the GST rules, including levy of interest for wrongful utilisation of ITC and turnover threshold for filing annual returns for the 2021-22 fiscal. The changes were vetted by the Goods and Services Tax (GST) Council at its meeting last week. With the amendments notified by the Central Board of Indirect Taxes and Customs (CBIC), businesses have also been allowed to make tax payments on the GSTN portal by using IMPS and UPI payment modes.
The Supreme Court on Monday imposed an interim stay on directives passed by the Uttar Pradesh and Uttarakhand governments that eateries along the Kanwar Yatra route must display names of owners.
Edtech major Think and Learn, which operates under Byju's brand name, is learnt to have received a commitment of $300 million from investors for its ongoing rights issue which will close by the end of February, sources aware of the development said. Byju's floated a rights issue in January to raise $200 million at an enterprise valuation in the range of $220-250 million which is a 99 per cent reduction in its peak valuation of $22 billion. Sources also shared that Byju's has offered miffed investors to appoint two independent directors to enhance transparency but only after the rights issue and declaring its financial results for the 2023 fiscal.
If Hindenburg or its partner do not join the investigation, then Sebi may pass an ex-parte order against it, which may be enforced as a foreign award in US courts.
The Enforcement Directorate (ED) on Tuesday levelled fresh allegations of corruption against the Aam Aadmi Party, saying a former Delhi Jal Board chief engineer had 'transferred' Rs 2 crore of bribe money to his colleagues in the department and the ruling party in Delhi as election funds.
Giving a shot in the arm to ONGC chairman Subir Raha, who has been resisting appointment of additional government directors on the company board, the department of public enterprises on Wednesday said their number cannot exceed two.
In the wake of the Aazan versus Hanuman Chalisa row in Karnataka, the state government has issued a set of directions on the use of loudspeakers and to remove them if they were not authorised by the 'designated authority.'
Schools across the country were closed in March to contain the spread of the COVID-19 pandemic. They were partially reopened in some states from October 15.
Despite the robust growth in this country, Apple's India share in its overall global sales remained modest -- constituting 1.5 per cent of its overall turnover of $389 billion in FY23.
England fast bowler Jofra Archer has been ruled out until the summer after undergoing a second operation on his injured right elbow, the country's cricket board (ECB) said on Tuesday.
Airline executives said the rule is conflicting as regulator's own rules permits a passenger to carry multiple other things like laptop bag, ladies' hand bag, blanket, item bought at duty free shops, reports Arindam Majumder.
The Supreme Court on Wednesday directed the Animal Welfare Board of India (AWBI) to submit data on dog bites in the last seven years across the country and the steps taken to check such incidents.
IndiGo had on May 9 said the boy was denied permission to board the Ranchi-Hyderabad flight as he was visibly in panic.
Crucial reforms in Muslim personal law, especially laws related to inheritance and adoption, need to be initiated forthwith; historically speaking, without the State's backing, hardly has any reform taken place or allowed to prevail, asserts Mohammad Sajjad.
'Unless the government comes up with the rulebook, the technical requirements will not be clear to us.' 'Going by the Act, non-technical provisions can be complied with within six months.' 'But we need up to 24 months for provisions like parental consent.'
A new regulation concerning the disclosure of family arrangements by listed companies is exacerbating rifts between feuding shareholders. The latest example is Bengaluru-based TD Power Systems (TDPS), currently enmeshed in a legal dispute before the Karnataka high court over ownership of its 16 per cent equity. Vijay Kirloskar, who is asserting a claim over the 16 per cent stake held by Mohib Khericha (chairperson of TDPS) and Nikhil Kumar (managing director of TDPS and nephew of Kirloskar), has sent a letter to the market regulator, Securities and Exchange Board of India (Sebi), and stock exchanges. He accuses TDPS of insufficient disclosure concerning shareholder agreements.
In a fresh affidavit filed in the top court, the ED said no political leader has ever been granted interim bail for campaigning even if he is not contesting polls.
With the T20 World Cup round the corner, Australia's former fast-bowling star Brett Lee is looking forward to India's latest pace sensation Mayank Yadav's progression with great anticipation, describing him as the "talk of the town."
Applicants for Indian citizenship under the Citizenship (Amendment) Act 2019 (CAA) can submit any of nine documents, including valid or expired passport, ID cards and land tenancy records, to prove he or she is a national of Afghanistan or Bangladesh or Pakistan.
'There is one way to defeat the intention behind this directive: To patronise Muslim establishments that have been forced to identify themselves.' 'This is one opportunity for the Congress to show that the 'mohabbat ki dukaan' its leader talks about does exist.' 'Can Akhilesh Yadav, who has asked the court to take note of this directive, order his party members to do this?' asks Jyoti Punwani.
Since 2016, Sebi has made many rules to prevent unauthorised trading by stockbrokers. Yet, one comes across dozens of cases of blatant overtrading in client accounts, every year, leading to massive losses to investors, observes Debashis Basu.
'For smaller merchants, there should be a process that is digital and a minimum KYC journey should be allowed.'
Up to three billion people are expected to tune in for the opening ceremony in Paris.
The film has nothing objectionable or derogatory, the court said after watching it, and allowed its release on streaming platform Netflix.
As many as 80-85 per cent Paytm wallet users will not face any disruption because of regulatory actions, and the remaining users have been advised to link their apps to other banks, RBI Governor Shaktikanta Das said on Wednesday. The Reserve Bank of India on January 31 barred Paytm Payments Bank Ltd (PPBL) from accepting deposits, credit transactions, or top-ups in any customer accounts.
The mutual fund (MF) gross inflows through the systematic investment plan (SIP) route topped the Rs 20,000 crore mark for the first time in a calendar month as investors opened a record 6.4 million SIP accounts despite a spike in market volatility. The number of accounts opened last month was almost 50 per cent higher than the registrations seen in March. "India's MF industry has reached yet another milestone with the SIP book crossing above Rs 20,000 crore in April 2024.
The Reserve Bank on Monday superseded the boards of Srei Infrastructure Finance as well as Srei Equipment Finance, citing concerns over governance and payment defaults, and decided to refer the two NBFCs for resolution under the insolvency law. This is only the second time in as many years that the Reserve Bank of India (RBI) is referring entities for the resolution process under the Insolvency and Bankruptcy Code (IBC) after taking first ever such step in the case of DHFL back in 2019. Superseding the boards of the crisis-hit Srei Infrastructure Finance Limited (SIFL) and Srei Equipment Finance Limited (SEFL), the RBI has appointed Rajneesh Sharma, former Chief General Manager of Bank of Baroda as the administrator to manage the affairs of the two companies.
The Central Board of Indirect Taxes and Customs (CBIC) has stepped up its watch on the import of unbranded gold jewellery amid a spurt in seizures on international borders and from importers. During FY24, the CBIC and Directorate of Revenue Intelligence (DRI) jointly seized about 5 tonnes of gold, 30 per cent more than what they did in FY23. In FY23, 3.5 tonnes of gold was confiscated.
'Such steps would be a barrier and something people do not want.'
Top seven teams at ODI World Cup 2023 will qualify for 2025 ICC Champions Trophy, as per ICC's new rules
Archer has not played international cricket since March last year due to an elbow injury, and had a second round of surgery on his elbow in December.
About 10 premises in the national capital are being covered as part of the raids.
Companies will have to follow all requirements laid out under rules for holding board meetings via video conferencing such as recording of these proceedings, ensuring availability of proper equipment among others.
The FIH Athletes Committee serves as a consultative body and makes recommendations to the FIH Executive Board, FIH Committees, Advisory Panels and other bodies.
Entities may be given about a year to tune their systems to comply with norms of Digital Personal Data Protection Act, 2023, Minister of State for Electronics and IT Rajeev Chandrasekhar said on Wednesday. Speaking to reporters on the sidelines of consultation with the industry, Chandrasekhar said the Data Protection Board and guidelines for the eight rules, including consent management, will be put in place within a month. "Industry wants some more time for age-gating, different timelines for transition for different data fiduciaries.
'The Indian private sector knows how to build and run educational organisations, what is needed is a large dose of removal of restrictions.' 'Government restrictions hold back universities in India from launching medical schools,' argue Ajay Shah and Vijay Kelkar.
The government is not seeking to change the 2012 Supreme Court judgment that backed auction as the preferred mode of allocating telecom spectrum except for narrowly defined sectors such as satellite communication and defence where the auction is not feasible, a top source said on Wednesday.
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