The ruling Bharatiya Janata Party is headed for a big win in the Uttar Pradesh legislative council polls, bagging Barabanki and Ayodhya and leading in several other places. But it lost Varanasi to an Independent candidate.
Initial public offerings (IPOs) by start-ups are bringing cheer to investors and investment bankers alike. After food delivery company Zomato, Nykaa has issued the fattest pay cheque to the managers of its share sale -- Rs 148 crore, or 2.8 per cent of its issue proceeds of Rs 5,300 crore. In absolute terms, this is the second-highest amount paid to investment bankers for handling an IPO, while in percentage terms, it is the highest for large IPOs (>$300 million) in the last one year, shows an analysis of the data provided by Prime Database, a primary market tracker.
'Both sides have agreed that the overall situation should be handled in a responsible manner'
Bhasin, a prominent voice in the women's movement in India and other South Asian countries, breathed her last at a New Delhi hospital.
'We have always maintained we are committed to addressing issues, if any, in a peaceful and bilateral manner'
The Supreme Court on Monday suggested that a former high court judge monitor the ongoing probe by the Uttar Pradesh police into the October 3 Lakhimpur Kheri incident in which eight people, including four farmers, were killed in violence during a farmers' protest, saying the investigation was not going the way it expected.
Experts believe FPIs will keep a close watch on coronavirus pandemic, its spread and likely impact on the economy while making decisions about investment into India.
Even media persons covering the agitation manage to reach the protest sites with difficulty as they first have to pass through checking and then cross multiple layers of barricading. A Bharatiya Kisan Union office-bearer at Ghazipur border, which now resembles a highly-secured fortress, said despite the odds, supporters from far-off places are reaching the site to express solidarity with farmers.
Retail investors-those investing up to Rs 200,000-lapped up all the four initial public offerings (IPOs) that opened for subscription on Wednesday. This is the first time since 2007 that four IPOs have been launched on a single day, according to information provided by Prime Database. KFC and Pizza Hut franchisee Devyani International (size Rs 1,838 crore); Diagnostic chains Krsnaa Diagnostics (Rs 1,213 crore), pharmaceutical firm Windlas Biotech (Rs 401 crore) and vitrified tiles manufacturer Exxaro Tiles (Rs 161 crore) are the four companies whose IPOs opened on Wednesday.
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.
Move over 3D, 4D and 5D. Cinema is now eyeing the metaverse experience. On February 15, Bollywood producer Vashu Bhagnani's production company, Pooja Entertainment, forayed into the metaverse and bought its first piece of virtual land. The space, called Poojaverse, will be a virtual area where the company will create an immersive experience for moviegoers, starting with BadeMiyan ChoteMiyan, starring Akshay Kumar and Tiger Shroff. Promotional events for the film, slated for release on Christmas 2023, will be held in the metaverse, says the company. The metaverse might still be in its infancy, but producers like Deepshikha Deshmukh say, "The ecosystem will only grow from here. "Metaverse will soon be the go-to place for everything virtual related to films."
From invoking the 'Saptarishi' (Ursa Major) constellation, seven basic notes of Indian classical music to 'saat phere' (seven circumambulations) -- parties give different reasons and logic to claim that they will emerge victorious in the polls.
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.
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.
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 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.
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.
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.
"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.
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.
Adityanath has earned a new sobriquet "bulldozer baba" due to raging of properties of criminals and mafias built through illegal means.
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.
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.
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.
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.
The court had on September 10 directed her to join the investigation conducted by Delhi Police as and when called by the IO.
'India has entered an economic super-cycle driven by a housing cycle turnaround.'
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.
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.
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.
Chief metropolitan magistrate Snigdha Sarvaria allowed the police plea, which said further investigation was on.
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.
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.
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.
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