Nirmala Sitharaman's messaging was clear when she presented a well-balanced Budget with an eye on state elections in nine states followed by a general election next year, observes Ramesh Menon.
After initiating stern action against 331 companies, the market regulator seems willing to revoke its stringent restrictions for some entities.
Billionaire Gautam Adani's son Karan will helm the cement firms his group has acquired to become India's second largest cement player and extend his burgeoning empire that spans from ports and energy to airports and telecom.
The Centre on Tuesday said it will not seek disclosure of flash sales from e-commerce players to regulate the fraudulent sale of goods and services but will take appropriate action as per the law on consumer complaints. Discount sales that benefit maximum to consumers will continue, but not fraudulent flash sales on the e-commerce platforms, the government said, adding that the e-tailers need not be "anxious" about the draft rules. Ban on fraudulent flash sales, mis-selling and appointment of chief compliance officer/grievance redressal officer -- are among key amendments proposed to the Consumer Protection (e-commerce) Rules, 2020, on which the government has sought public comments by July 6.
ndependent of the political fallout, which Stalin has sought to arrest through the withdrawal of the measures as fast as they were introduced, there are concerns about the way those decisions came to be taken, without adequate application of mind, not in official terms but in political and electoral contexts, points out N Sathiya Moorthy.
If they can sit together and hammer out 'Black Sea Initiative' deal for much needed food shipments, surely, they should be able to address the madness of the larger military conflict?
After two years of a record low interest-rate regime, Indian corporate houses are experiencing a sharp and abrupt increase in funding costs. With the Reserve Bank of India last month making an unequivocal turn towards policy tightening amid high inflation, firms looking to tap the capital markets for funds are ending up shelling out more. The yield on the benchmark triple-A-rated corporate bonds maturing in three years has climbed 98 basis points (bps) since the policy rate hike in May. It was last at 7.47 per cent, Bloomberg data showed.
'Our competitiveness with China is very important.' 'If the exchange rate depreciates, it is good for us because it helps in our competitiveness.'
Global oil majors may be teaming up with investment funds that are already in the race to acquire Bharat Petroleum Corporation Ltd (BPCL), a document detailing steps needed to complete India's biggest privatisation showed. Billionaire Anil Agarwal's Vedanta group as well as two US funds -- Apollo Global and I Squared Capital - had last year submitted initial bids to buyout the government's entire 52.98 per cent stake in India's third-biggest oil refiner and second-largest fuel retailer. Detailing the 'Next Step', the 'Brief Note on BPCL Disinvestment' said Transaction Advisor and Asset Valuer are to submit an inception report, bidders have to complete due diligence of the company and sale purchase agreement has to be finalised.
India and France expressed "serious concern" at the ongoing conflict and humanitarian crisis in Ukraine.
India's Permanent Representative to the UN Ambassador T S Tirumurti said India remains on the side of peace.
A look at the top five bowlers, who are expected to make a difference in IPL 2022.
With the United States adopting protectionist policies and hiking import duties, a trade war like situation has emerged.
Eknath Shinde has been made chief minister to crush the Shiv Sena totally, completely, wholly, point out Sunil Gatade and Venkatesh Kesari.
'If a stranger refuses to pet my Russian dog, what treatment can I expect for myself?'
Close to 9 lakh registered companies are not filing annual returns with the ministry of corporate affairs and are a potential source of money laundering, Revenue Secretary Hasmukh Adhia said on Saturday.
Sentiment was hurt after market regulator Sebi directed bourses to initiate action against 331 suspected shell companies.
People cheered, clapped and held their phones up to record the event as a train rolled to a stop.
The situation along the Mizoram-Assam border has been on the boil since June-end when Assam Police allegedly took control over an area known as 'Aitlang hnar' about 5 km from Vairengte, accusing the neighbouring state of encroaching on its territory.
US private equity firm I Squared Capital is dropping out of the race to buy India's second-largest state oil firm, Bharat Petroleum Corporation Ltd (BPCL) owing to a complex deal structure and lack of financial backers for the transaction, sources said. I Squared Capital through its Indian arm, Think Gas was among the three suitors that had evinced interest in buying the government's near 53 per cent shareholding in BPCL. "The company has made a decision not to participate in the financial bidding," a source with direct knowledge of the development said.
Despite recent developments that have accelerated the impending extradition of fugitive diamantaire Nirav Modi, who has been in custody in London's Wandsworth Prison for over two years, the last month has seen his uncle Mehul Choksi dominate the headlines instead with his circus-like exhibition in the Caribbean that has involved red herrings such as a "girlfriend", to whom his wife seemed to have no objection, and possibly concocted stories of being kidnapped and manhandled. Choksi was widely regarded as Modi's Svengali in Mumbai when he returned from Belgium to expand his business. He had fled to Antigua well before news around how Modi finagled thousands of crores from Punjab National Bank (PNB) and other institutions through a series of allegedly coordinated and fraudulent actions involving letters of undertaking, or LoUs.
Fernandes wanted Coca-Cola Company to not just transfer 60 per cent of the shares of its Indian firm but also the formula for its concentrate to Indian shareholders.
'We have to keep that in mind and have plan A B C D because the trust factor with Pakistan or China is very low.'
Foreign Office spokesperson tweeted that India violated the ceasefire agreement in Tandar, Sabzkot, Khuiratta, Baron, Bagsar and Khanjar areas.
The top boss of the I-T department said that till now, the taxman has attached 621 properties, including some bank accounts, and the total amount involved in these cases, being probed under the Benami Transactions Act, is about Rs 1,800 crore.
The two company spent about over Rs 3.15 crore.
Once a stock market darling, the jewellery chain heads for liquidation.
These entities have facilitated illicit transactions worth thousands of crores of rupees over the past 2-3 years
The estimated size of the Durga Puja economy could be about Rs 2.75 trillion in 2021 had there been no pandemic, points out Atanu Biswas.
Rahul's ascendancy to captaincy was expected after Ravichandran Ashwin was traded to Delhi Capitals last month.
If IOC is not allowed to run its own affairs, then we can see it close down in the next 10 to 15 years, warns Sudhir Bisht.
Once customs duties are slashed, your dream to own a luxury car may become a reality.
The four officials were asked questions related to the UPA government's '20:80' gold import scheme, which was cleared by Chidambaram on May 13, 2014, barely three days before the counting of votes of the general election
The Nifty after shuttling between 9,776.20 and 9,892.65, ended the day lower by 87.80 points or 0.89 per cent at 9,820.25.
Most of the individuals hail from Mumbai, Kolkata, Ahmedabad, Surat, and Delhi
Nultiple regulators are probing the nexus of scamsters with diamonds after a state-run bank got defrauded of $1.8 billion by designer jeweller Nirav Modi.
The Financial Intelligence Unit (FIU), the federal economic snoop agency under the Union finance ministry, sent 289 legal requests to its counterparts across the globe during 2018-19 as compared to 177 in 2017-18 and 138 in 2016-17.
WFI is concerned that the good reputation built over the years with stupendous international performances has been ruined.
Modi, who was wearing a 'Mujib Jacket' as tribute to Bangladesh's Father of the Nation, said that Bangabandhu's leadership and bravery had ensured that no power could enslave Bangladesh.
