The travel advisory is perhaps a first of its kind issued by any state government
Bolstered by bullish investor sentiments, India witnessed companies mopping up a whopping $9.7 billion through initial share sales in the first nine months of 2021, the highest amount for the nine-month period in two decades, says a report. As many as 72 initial public offerings (IPOs) hit the stock market during the January-September period this year in India and strong sentiments were visible in the global markets as well, according to leading consultancy EY. EY, in its latest report, said the global IPO market continued to boom through Q3 2021 resulting in the most active third quarter by deal numbers and proceeds in the last 20 years.
With days to go before the new tax regime around crypto assets kicks in, several investors are reportedly either booking profits, rejigging their portfolios or moving their crypto assets to their private wallets outside of India. Starting April, gains from trading in crypto and other virtual assets like non-fungible tokens (NFTs) will be taxed at a flat 30 per cent, as announced in the Union Budget. And, 1 per cent of tax will be deducted at source (TDS) on every transaction involving crypto and other virtual assets. The new tax regime also bars investors from offsetting losses from one crypto asset (such as Bitcoin) against gains from another (say, Ethereum).
Sharma was the president of the conference, the first since the Paris Agreement of COP21 that expected parties to make enhanced commitments towards mitigating climate change.
Senior advocate Arvind Datar, appearing for Twitter on Monday online, argued the company was following the rules laid out in the Information Technology Act.
The bench asked the respondents to file their response to the petition which seeks the constitution of a committee to examine 'workable solutions' to ensure that a kirpan permitted to be carried on the flight is 'appropriately designed and crafted' and does not have a blade length beyond 4 cm.
It is the season of cooking and baking, but with Amul Butter in short supply, consumers aren't like the cat that got the cream. A shortage only means market shelves without butter on them. "There is a supply-side deficit. "We are now able to procure only two packs of butter a day, as opposed to three packs (each containing 30 packets of butter) in a day," says a salesman at Modern Bazaar, a departmental store in New Delhi's Greater Kailash.
Presenting the actors who made heads turn at Lakme Fashion Week on Day One.
Although there is no government order to this effect, chemists decide to not dispense medicines for cold, cough and fever over the counter.
Choosing the right wallet is crucial, alerts Bindisha Sarang.
Medicine sales grew at a fast clip in smaller cities like Madurai, Meerut, Agra, and Varanasi in the last 12 months. The domestic pharmaceutical market, overall, has grown 12.3 per cent in this period, according to data from IQVIA MAT for April. MAT refers to the moving annual turnover or the turnover of the last 12 months. The data further showed that the top 30 cities contributed around 32 per cent to sales.
Amit Singhal had joined Uber in January as senior vice president of engineering after working for 15 years at Google, where he oversaw the internet giant's search efforts.
Mouni Roy made a gorgeous bride at her Goa wedding to Suraj Nambiar.
Of the 59 IPOs for which the data is available, 36 IPOs received mega responses of more than 10x (of which, six IPOs more than 100x), while eight IPOs were oversubscribed more than 3x.
The future of cryptocurrencies in India appears uncertain but that has not deterred young Indians from embracing the so-called 'fourth industrial revolution' world, where interconnectivity and smart automation, much of it relying on blockchain technology, drive human civilisation. Reserve Bank of India (RBI) Governor Shaktikanta Das has repeatedly warned of macroeconomic instability and even "serious consequences" if cryptocurrencies turn mainstream. The country's monetary authority wants a China-like total ban on crypto, not even allowing these currencies to be treated as investments. Though Parliament's website had listed the Cryptocurrency and Regulation of Official Digital Currency Bill as one seeking a total ban of cryptocurrencies in the country, it was not presented in the Winter Session. India now has the highest number of cryptocurrency investors in the world.
The Supreme Court on Monday termed as 'amazing' and 'shocking' that people are still being booked under the Section 66A of the Information Technology Act, which was scrapped by the apex court verdict in 2015.
A total of 44 candidates have scored 100 percentile in the engineering entrance exam JEE-Main this year while 18 candidates have shared the top rank, ministry of education officials said on Tuesday at midnight.
Empty bottles of liquor were discovered inside the premises of the legislature in dry Bihar, in a fresh embarrassment to the Nitish Kumar government in the state, which has been drawing flak over recent hooch tragedies that have claimed more than 40 lives.
Himanta Biswa Sarma -- who is also the North East Democratic Alliance convenor -- took the oath of office and secrecy in Assamese.
The cryptocurrency industry on Wednesday urged the government to take a nuanced approach towards regulating crypto assets in India and asked investors in the country to remain calm and not arrive at a rushed conclusion, a day after the government listed for introduction a Bill to ban all such cryptocurrencies, with some exceptions.
In 2013, weeks after getting bail in a case of alleged cheating in Kerala, Amway India's then managing director, William Scott Pinckney, declared that the company was aiming to hit revenues of Rs 10,000 crore in India in a decade. Fast forward to 2021, and Milind Pant, Amway's global CEO, announced that the company has designated India as one among the top three markets for growth and investment (after US and China), and is now looking at hitting revenues of Rs 20,000 crore over the long term.
Her bohemian style makes one wonder if she is a hippie at heart!
Women are a minuscule minority of those arrested under the IT Act.
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.
Rediff readers tell us how they are celebrating Ganeshotsav this year.
A special court here on Saturday granted bail to alleged drug peddler Aachit Kumar and eight others who were arrested by the NCB following a raid on a cruise ship off the Mumbai coast and seizure of drugs.
Gujarat, Kerala and Tamil Nadu have topped an index that ranks states on food safety parameters for the 2020-21 year, according to an FSSAI report unveiled by Health Minister Mansukh Mandaviya on Monday. The index ranks states on five parameters of food safety: human resources and institutional data, compliance, food testing facility, training and capacity building besides consumer empowerment. Gujarat, Kerala and Tamil Nadu have topped in the list of large states on the index.
The probe into alleged tax evasion and holding of directorship in multiple firms against the former banker pertains to a time period between 2015-17, they said.
A family man, a confident investor, someone who was sure two decades ago that India and its stock market were going to boom. T N Ninan recalls his chats with Rakesh Jhunjhunwala.
With this, the anti-drugs agency has so far arrested 17 people in the case, including Bollywood superstar Shah Rukh Khan's son Aryan Khan, and some "high-profile organisers" belonging to a Delhi-based event management company.
The trouble for Ashok Lavasa's family began a few months back when his wife, Novel Singhal Lavasa, came under the scanner of the income tax department on charges of alleged tax evasion.
Uttar Pradesh Chief Minister Yogi Adityanath on Wednesday performed a 'Shila Pujan' of the sanctum sanctorum of the Ram temple and said the temple will be a "symbol of people's belief".
Get inspired by these top trends straight from the FDCI x Lakme Fashion Week runway.
The war in Ukraine has made its presence felt at the World Economic Forum's annual meeting in Davos. As political and business leaders' debate, they remain fearful of Europe's economic future. There is a sense of gloom among many business leaders as energy shortage and economic recession rear their heads. Global investors are keenly assessing the presence of Indian delegation at Davos.
Gujarat Chief Minister Anandiben Patel and Governor O P Kohli were also present at the meeting.
FDCI x Lakme Fashion Week is back with a promising line up of models.
The expansion was the first by Sarma since he assumed chief ministership of the state about 13 months ago.
'If you were to say today that the government should appoint judges to the high courts and Supreme Court, then I think that even those few good judges that we are getting today we would not get them.'
The Delhi Police on Tuesday said protesting farmers violated the conditions pre-agreed for their tractor parade and indulge in violence and vandalism, leaving 83 of its personnel injured.
'Candid shots during a luncheon with family,' tweeted Mithali, who turned 38 on Thursday.
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