Four state-owned banks on Friday said the government has extended tenures of their top officials, including managing director and chief executive officers (MD and CEOs) of Punjab National Bank and Bank of Maharashtra. Besides, the government has extended the tenures of executive directors of Punjab National Bank (PNB), Union Bank of India and Central Bank of India. The government sent notifications to these banks on Thursday, informing them about the extensions given to the top-level officials.
The Delhi high court on Friday refused to grant interim protection from arrest to the president of the Hindu Raksha Dal, Bhupinder Tomar, who is accused of raising communal slogans and inciting youth to propagate against a particular religion at a rally at Jantar Mantar on August 8.
The move points to a growing need to cater to a younger customer base, one that wants designer clothes not just for big occasions but also wishes to make them a part of their day-to-day lives by interpreting individual pieces in individualistic manners.
Pandemic-hit auto majors are likely to set aside these time-tested strategies for now, and, instead, focus on attractive finance schemes and an enhanced digital experience.
Foreign portfolio investors (FPIs) have pulled out Rs 4,515 crore from the equities segment in the first half of July as they turn cautious towards the Indian market. "With markets trading near all-time high, FPIs would have chosen to book profits. "They have also been staying on the sidelines given high valuations and most likely on the back of the risk of a potential third wave of the coronavirus pandemic," said Morningstar India associate director (manager research) Himanshu Srivastava. Though the continuing firmness in the dollar and the possibility of rising bond yields in the US do not augur well for capital flows into emerging markets like India, there is no immediate worry at the moment, he said.
As many as 37 farmer leaders, including Rakesh Tikait, Yogendra Yadav, Darshan Pal and Gurnam Singh Chaduni, have been named in a first information report in connection with the violence during the tractor parade that left 300 police personnel injured even as two farmer unions on Wednesday withdrew from the agitation against the farm laws.
Adityanath has earned a new sobriquet "bulldozer baba" due to raging of properties of criminals and mafias built through illegal means.
A house meeting has been scheduled for Saturday as per the Parliament's notice and the matter relating to the constitution amendment bill is likely to come during the meeting, parliamentary sources said. Meanwhile, in a conciliatory tone, India on Thursday said it deeply values its friendly ties with Nepal.
The top court was hearing a plea which referred to his statement on restoring Article 370, which gave special status to Jammu and Kashmir, and contended it clearly amounts to a seditious act and therefore he is liable to be punished under section 124-A of the IPC.
The country's largest carmaker Maruti Suzuki India on Tuesday said its models Swift, Baleno, WagonR, Alto and Dzire have emerged as best selling cars in 2020-21 and the top five models have come from its stable for the fourth consecutive year. Swift with over 1.72 lakh units was at the number one position followed by Baleno with 1.63 lakh units, the company said in a statement. Maruti Suzuki India's (MSI) tall boy WagonR was in the third spot with 1.60 lakh units while Alto and Dzire were at fourth and fifth with 1.59 lakh units and 1.28 lakh units respectively, it added.
Defying all odds, Gauri, a Class 10 student of Sarvodaya Kanya Vidyalaya in Yamuna Vihar, scored 97.67 per cent and topped her school, while her elder sister Anshika, a student of Hansraj Smarak Senior Secondary School, secured 85 per cent in her Class 12 CBSE Board exams.
The armies are working to schedule their seventh round of talks to take steps towards "early and complete" disengagement of troops along the LAC in eastern Ladakh.
"India is open to engaging with all its neighbours on the basis of mutual sensitivity and mutual respect, in an environment of trust and confidence. This is a continuous process and requires constructive and positive efforts," Srivastava said.
'India has entered an economic super-cycle driven by a housing cycle turnaround.'
State-owned companies have been set stiff targets to increase accountability as they get ready for divestment. Nikunj Ohri explains why meeting them will be challenging.
Bajaj Finance was the top laggard in the Sensex pack, plunging around 6 per cent, followed by IndusInd Bank, SBI, M&M, Axis Bank, Bajaj Auto and ICICI Bank. NSE Nifty sank 229.55 points to 14,637.80.
Increasing awareness about mutual funds, ease of transactions through digitisation and sharp surge in equity markets have aided asset management companies to add a staggering 3.17 crore investor accounts in 2021-22, with experts saying the trend is likely to continue this fiscal as well. This was a significant rise from 2020-21 when 81 lakh accounts (or folios in mutual fund parlance) were opened, data with the Association of Mutual Funds in India (Amfi) showed. The ongoing financial year too appears to be promising in terms of folios as increase in investor accounts will enable people to move beyond fixed deposits and savings accounts, said Priti Rathi Gupta, founder of LXME, a financial platform for women.
The DGCA is conducting special audit of all airlines and airports which are in monsoon-affected areas in the wake of multiple landing incidents across the country.
Chief metropolitan magistrate Snigdha Sarvaria allowed the police plea, which said further investigation was on.
The court had on September 10 directed her to join the investigation conducted by Delhi Police as and when called by the IO.
In a series of tweets on August 17, Rashid had alleged that the armed forces entered houses in Kashmir at night and "ransacked" them. She had also alleged that four men were called to an Army camp in Shopian and "interrogated (tortured)".
The ministry had sent the six previous teams to Maharashtra, Madhya Pradesh, Rajasthan and West Bengal to review the implementation of the lockdown measures after the assessment of ground situation in identified select districts.
Senior bureaucrats Avinash Joshi and Niraj Verma are among the 10 candidates who are in the race to become chairman and managing director of India's largest oil and gas producer, ONGC. Mangalore Refinery and Petrochemicals Ltd (MRPL) director-finance Pomila Jaspal and ONGC director for technology and field services Om Prakash Singh are the other prominent names in fray for the top job, according to a candidate shortlist by the Public Enterprise Selection Board (PESB). PESB - the government headhunter - will hold interviews to select the new head of Oil and Natural Gas Corporation (ONGC) this week. Both the bureaucrats are from the 1994 batch of IAS officers belonging to the Assam-Meghalaya cadre.
Spokesperson in the Ministry of External Affairs Anurag Srivastava said India expects China to refrain from commenting on the country's internal affairs and respect its sovereignty and territorial integrity.
Of the 200 to 250 students who enroll in a graduate language course at Doon University annually, nearly all are assured placement in a range of companies like Amazon (France), AXA Insurance, Oracle and Capgemini.
As the second wave of the Covid-19 pandemic abates, India's automakers are hopeful of a quick recovery in sales volumes, led by better rural sentiment, low interest rates, improved availability of finance and a gradual uptick in business and economic activity. In fact, companies have started to ramp up production already, encouraged by high order books and the growing preference for private transport in both rural and urban areas as a means to avoid infections. In early April, the industry had been bullish as the sales trend for March showed that the effects of the Covid-19 pandemic had been left behind. The total vehicle sales had grown by 77 per cent, albeit on a lower base, and for the past few months, sales had consistently touched 300,000 units per month.
"Those named in the FIR should go to jail. The government should take immediate action and the matter should be probed by a sitting judge of the high court. There are videos clips, statements of eyewitnesses, the statement (of minister) in which he is threatening. As he (accused Ashish Mishra) is the son of the MoS, action has note been taken yet," he said.
While the company used to report bookings of 4,000-5,000 every day, following the partial lifting of lockdown, in a week, it has received around 6,000.
As the coronavirus pandemic is triggering fears of a global recession, foreign investors have started rowing back from the Indian capital markets by withdrawing a massive over Rs 1 lakh crore in March after remaining net buyers for six consecutive months. In order to contain the spread of coronavirus, lockdowns have become a norm the world over and have led the FPIs to adopt a cautious stance, market experts said.
A bench headed by Justice L Nageswara Rao refused to entertain an application seeking a direction to the Centre to ask all district magistrates to identify stranded migrant workers and provide shelter, food to them before ensuring their free transportation to native places in view of the recent incident at Aurangabad in which 16 workers were mowed down by a goods train.
"Would your Lordships give me time till Monday? I have almost got it done. We are working something out," senior advocate Harish Salve, appearing for the UP government, told the bench headed by Chief Justice N V Ramana. "List on Monday," said the bench which, also comprised justices Surya Kant and Hima Kohli, acceding to the request.
The disengagement of troops of the Indian Army and China's People's Liberation Army from the Line of Actual Control was reached after sustained negotiations at the military and diplomatic level, said the ministry of external affairs last week.
The Bharatiya Janata Party, for whom the temple town sharpened its Hindutva plank, is facing a challenge particularly from the Samajwadi Party in the ongoing state polls.
India's biggest car maker Maruti Suzuki said on Tuesday that its vehicle production in September will tumble by 60 per cent due to chip shortage. The company, which had earlier cut down production at its Gujarat plant, said the chip shortage will hit production in Gurugram and Manesar plants, effectively forcing the automaker to cut production by 60 per cent. Owing to a supply constraint of electronic components due to semiconductor shortage, the company is expecting an adverse impact on vehicle production in September in both Haryana and its contract manufacturing company, Suzuki Motor Gujarat Pvt Ltd. (SMG) in Gujarat.
Considering all the facts, court's additional session judge Pawan Kumar Jain granted interim relief from arrest to her as police have not issued a notice to the accused.
The figures are encouraging for the auto industry amid apprehension that due to higher cost and lack of fuel availability, cars with stricter emission standards may not be popular in initial stages. Automakers had even cited this confusion as one of the reasons for dwindling car sales in India, reports Arindam Majumder.
Equity mutual funds witnessed an outflow of Rs 9,253 crore in January, making it the seventh consecutive monthly withdrawal, primarily due to profit booking and portfolio rebalancing amid markets touching new highs. The pace of outflows from equities has however slowed for the third month and Gautam Kalia, head - Investment Solutions, Sharekhan by BNP Paribas said that it will likely turn positive soon as investors get used to the new normal. In addition, investors pulled out Rs 33,409 crore from debt mutual funds last month after investing Rs 13,863 crore in December, data from the Association of Mutual Funds in India showed on Tuesday.
Though the ministry is considering 2017-18 as the new base year, no decision has been taken as the committees of experts are awaiting some more data before finalising their opinion.
'We will be looking to prune our portfolio to make GIC Re a healthier entity.'
Six young Indian designers showcased their stylish ideas and vision to make India a fashion destination.
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