Jailed hedge-fund founder Raj Rajaratnam has agreed to pay $1.45 million to settle a civil lawsuit filed by US regulator SEC against him and India-born former Goldman Sachs director Rajat Gupta for their roles in one of the largest insider-trading schemes in US history.
Supreme Court judge Justice DY Chandrachud has said that the decriminalisation of Section 377 of IPC by the apex court has enabled queer people to emerge as legally empowered citizens.
The cryptocurrency exchanges in India have got a fresh lease of life following the bull run in Bitcoin, which briefly hit a new all-time high of more than $69,000. Siddharth Sogani, managing director of CREBACO, expects the price to cross $1,00,000 by the end of the year. This will see a sharp reversal in the Indian market, which has largely been dormant since the new tax regime was implemented in 2023.
Arjun Lal Jat and Arvind Singh won a silver medal in the men's lightweight doubles sculls event in rowing at the Asian Games.
Apart from the assembly of five or more persons, it prohibits processions, use of loud speakers, musical band and bursting of crackers in any procession.
The Tamil Nadu government filed a criminal complaint in a sessions court in Chennai on Wednesday against state Bharatiya Janata Party president K Annamalai for defaming Chief Minister M K Stalin.
Billionaire entrepreneur Elon Musk has said Twitter is "very slow" in India and many other countries. "Twitter is very slow in India, Indonesia & many other countries. "This is a fact, not a "claim". "10 to 15 secs to refresh homeline tweets is common.
Short-term government bonds fell behind longer-dated securities in demand this month so far due to a liquidity crunch in the banking system and expectations of a delay in a rate cut, said market participants. Investors have favoured longer-tenure government bonds, or g-secs, with insurance companies and pension funds leading the charge by stocking up on those with maturities of 30 years and more. Preference for longer-term securities was strengthened by the conclusion of the borrowing programme, which compelled institutional investors to fulfil their requirements in the secondary market.
The Maharashtra State Election Commission (SEC) on Thursday stayed the elections to 92 municipal councils and four nagar panchayats in view of the next week's hearing on OBC reservations before the Supreme Court.
FMPs remain an option for investors who believe interest rates could head downward over time and wish to lock in the current rates. TMFs have very low expense ratios, which makes them cost-efficient.
RBI Governor Shaktikanta Das on Thursday said the central bank does not "emulate" others when it comes to regulations and asserted that the bank's as well as his own opposition to cryptocurrencies remain unchanged, a day after US regulators allowed bitcoin Exchange Traded Funds (ETFs). He also said that emerging markets and the world cannot afford to have a "crypto mania". "What is good for another market need not be good for us.
The team will then proceed for discussions with the government-appointed Board of Satyam Computer Services in Hyderabad on Thursday to assess the present status of India's fourth- largest software firm. Following the confessions of Satyam's founder and former chairman B Ramalinga Raju that he had cooked up the firm's balance-sheet for several years, US investors have filed over a dozen law suits against the company in various US courts.
Paramount Global has agreed to sell its 13 per cent stake in its Indian TV business to Reliance Industries for Rs 4,286 crore, the Indian firm said on Thursday. In a stock exchange filing, Reliance said it has signed a binding agreement with two subsidiaries of Paramount Global to acquire 13.01 per cent equity stake of Viacom 18 Media Private Limited held by Paramount Global. Similarly, in a filing on the US Securities and Exchange Commission (SEC), Paramount Global said the closing of the transaction is subject to the satisfaction of certain customary conditions, including receipt of applicable regulatory approvals, as well as the completion of a previously announced joint venture involving Reliance, Viacom18 and Star Disney.
The Reserve Bank of India has permitted sale of government securities already contracted for purchase with effect from April 2, subject to certain conditions.
Securities and Exchange Board of India may soon launch a full-fledged investigation into the alleged violation of mutual funds regulations by JM Mutual Fund while dealing in government securities.
Ask rediffGURU and tax expert Mihir Tanna your income tax-related questions.
State Election Commissioner Rajiva Sinha on Thursday said that the village council elections will be held on a single day, with the deadline for filing nominations set for June 15. The votes will be counted on July 11.
The Madhya Pradesh Congress demanded an apology from the BJP for "insulting" the defence forces.
The Supreme Court on Thursday warned the Maharashtra State Election Commission (SEC) of contempt action if it renotifies the election process to 367 local bodies, where it has already commenced, in order to provide reservation to OBCs.
Tactical investors should have an investment horizon of around six months to one year, long-term investors should stick around for 10 years or more.
Wipro was the biggest loser among Sensex firms, sliding 2.32 per cent, followed by HDFC Bank, Power Grid, UltraTech Cement, ITC, ICICI Bank and Tata Motors. IndusInd Bank, Maruti, State Bank of India, Mahindra & Mahindra, Asian Paints and Bajaj Finserv were among the gainers.
Prohibitory orders were imposed in parts of Ranchi city after some policemen, including an Indian Police Service officer, and others were injured in Ranchi on Friday while trying to control a mob near a temple, an official said.
The BJP delegation also demanded that the CEO Aarif Aftab disallow Kolkata Police from having direct control to maintain law and order in the constituency on the polling day to ensure free and fair poll.
The apex court observed that it respects the local sentiments but asserted authorities cannot let the law of the land not prevail especially when there is nothing affecting the personal rights or personal laws.
Analysts and economists have hailed the fiscal projections in the interim Budget, saying the lower fiscal deficit forecast shows that the government, even in an election year, is serious about fiscal consolidation and that the numbers look achievable. According to Devendra Kumar Pant, the chief economist at India Ratings, the two broad themes of the interim Budget are fiscal consolidation and stepping up focus on agriculture/rural to course correct, to some extent, the differential benefits of the ongoing economic growth that's tilted in favour of upper-income bracket/urban households. The projected fiscal deficit numbers for FY24 and FY25 suggest that the government is serious about achieving the fiscal consolidation path of 4.5 per cent fiscal deficit by FY26, and given the nominal GDP growth assumption and revenue buoyancy, the target appears plausible, Pant said in a note.
Prohibitory orders banning the gathering of people were imposed in Karnal on Monday, a day ahead of a farmers' planned gherao of the mini-secretariat over the August 28 lathicharge episode, officials said.
Section 144 of CrPC has been imposed in Mumbai for December 11 and 12, prohibiting rallies, morchas, processions etc of persons and vehicles.
The TMC has won in 34,560 gram panchayat seats, besides leading in 705 seats, according to the SEC as of 11.30 am on Wednesday.
In a major development in the Satyam fraud case, US regulators on Tuesday fined the software firm and its auditors PriceWaterhouse India up to $17.5 million for the accounts bungling that went undetected for several years.
The Enforcement Directorate (ED) on Tuesday arrested former Mumbai police commissioner Sanjay Pandey in connection with a money laundering case linked to the alleged illegal phone tapping of NSE employees, officials said.
Rahul Gandhi was booked on Tuesday for 'wanton acts of violence' by the Assam Police as the political confrontation between the Congress leader and state Chief Minister Himanta Biswa Sarma escalated on the tenth day of the 'Bharat Jodo Nyay Yatra', with Gandhi asserting that he does not get 'intimidated' by such tactics.
Commodity investments can help you diversify your portfolio in asset classes other than equity and debt, says Dwaipayan Bose.
The Election Commission had pegged the cost of procuring additional Electronic Voting Machines and paper-trail machines for holding synchronised Lok Sabha and assembly polls at nearly Rs 9,300 crore.
A Delhi court on Thursday dismissed the bail application of former Mumbai Police Commissioner Sanjay Pandey in a money laundering case related to alleged illegal phone tapping and snooping of national stock exchange (NSE) employees. Special Judge Sunena Sharma said the material available prima face showed Pandey was actively involved in the execution of recording and monitoring of calls at the NSE, and was directly communicating with the bourse staff as well as those of the iSec, the company he founded and which was responsible for the cyber security audit of the NSE. The judge noted the material collected by the investigating officer "prima face" showed the retired IPS officer was in de facto control of the affairs of iSec even after 2006, when he resigned as a director, and kept attending the meetings with NSE officials.
A bench of Chief Justice Satish Chandra Sharma and Justice Subramonium Prasad said the State Election Commission has already issued a notification and it will remain unchanged.
Calling a "matter of serious concern" the registration of FIRs under Section 66A of the Information Technology Act it had scrapped in 2015, The Supreme Court on Tuesday asked the chief secretaries of states concerned to take back the cases within three weeks.
The Calcutta high court has asked the State Election Commission to explore the possibility of postponing the civic polls to four municipal corporations by four to six weeks in view of a surge in COVID-19 cases in West Bengal.
A day after a Trinamool district president allegedly asked party men to attack the police with bombs and burn houses of Independent candidates, a TMC member of Parliament on Thursday asked party activists to "beat up Communist Party of India-Marxist workers with shoes".
The Maharashtra government has moved the Supreme Court seeking recall of its order by which it had directed the State Election Commission (SEC) not to re-notify the poll process to 367 local bodies, where it has already commenced, in order to provide reservation to OBCs.
