Musk has blamed activists for a significant drop in the company's revenues.
The aviation regulator Directorate General of Civil Aviation (DGCA) had last week imposed a fine of Rs 5 lakh on the airline for denying boarding to a specially abled child at Ranchi airport on May 7.
Many CEOs said they plan to give special leave to women employees so as to encourage their participation in the workforce.
In a boost to the embattled Adani Group, Mauritian Financial Services Minister Mahen Kumar Seeruttun has told the nation's Parliament that Hindenburg Research's allegations of the presence of 'shell' companies in the Island nation are 'false and baseless' and that Mauritius was in compliance with OECD-mandated tax rules. US short seller Hindenburg on January 24 alleged that billionaire Gautam Adani used shell companies based in Mauritius to manipulate stock prices of his Indian-listed companies.
The Enforcement Directorate's (ED's) chargesheet in the National Stock Exchange (NSE) illegal phone-tapping case points to insider trading during the tenures of Chitra Ramkrishna and Ravi Narain as managing director and chief executive officer of the bourse. The federal agency will soon be sharing the details with the Securities and Exchange Board of India (SEBI) for further inquiry, two people aware of the findings told Business Standard. The ED, which filed its prosecution complaint (commonly known as chargesheet), alleged that Narain and Ramkrishna were the "key conspirators" and had assisted iSec Services to generate money to the tune of Rs 24 crore for exchanging crucial information, the people said.
Capital markets regulator Sebi has amended norms to bring buying and selling of mutual fund units under the ambit of insider trading rules. At present, insider trading rules are applicable to dealing in securities of listed companies or those proposed to be listed, when in possession of Unpublished Price Sensitive Information (UPSI). The units of mutual funds are specifically excluded from the definition of securities under the rules.
BCCI secretary Jay Shah took to his official Twitter handle to announce the historical development.
They also have to reveal terms and conditions for loans, credit cards.
Financial institutions are 300 times more vulnerable to cyberattacks than any other industry.
The vaccine would not have production scalability issues unlike Covaxin, Bharat Biotech's COVID-19 virus vaccine.
If you have seen Zwigato, Param Kumar's story will sound familiar. Laid off from his job as a repairman at a Gurugram-based water purifier provider, he now delivers groceries and food for a mobile-based delivery app, in Delhi. Kumar, who started making deliveries last August, told Business Standard that he is working longer hours than his older salaried job as an RO repairman, and has no paid leaves or health insurance. Kumar is part of India's estimated 7.7 million-strong force of gig workers.
Central Information Commission has held that funding from RBI makes an institution is adequate to make it accountable under RTI.
US retail chain Walmart is awaiting a decision by its board decision on its India strategy, including its partnership with the Bharti group.
In his letter to Modi, Kharge hit out at the railway minister for seeking a Central Bureau of Investigation probe, saying the law enforcement agency is meant to investigate crimes, not railway accidents.
Contracted and domestic Indian players are not allowed to participate in any other T20 leagues except the IPL, and it remains a contentious issue.
'Strong regulations are crucial for the orderly development of the market.'
The journey has been tough and unconventional, but it has been worthwhile as Kerala tribal Minnu Mani became the only girl from the state to play in the WPL.
RSS General Secretary Dattatreya Hosabale met with the leadership of the UP BJP, including Chief Minister Yogi Adityanath, Deputy Chief Ministers Keshav Prasad Maurya and Brajesh Pathak, state BJP President Bhupendra Chaudhary and state BJP General Secretary (Organisation) Dharmapal.
Crypto exchanges have been asked to furnish details this month itself.
Internet and telephony major Videsh Sanchar Nigam Ltd may incorporate 'Tata' in its name, an issue that is likely to be discussed at the company's board meeting on Friday.
Volkswagen is under huge pressure to act, with its shares down more than a third in value since the crisis broke, and the bad news still coming.
Apart from fraud and corruption, MNCs have serious governance issues in India. Some of them include higher royalty payment to the parent, undervaluing assets of subsidiaries that are being merged and so on.
The Board decided to award full marks for it to students, following an outrage over the board allegedly promoting 'gender stereotyping' and supporting 'regressive notions'
Ahead of the 2023-24 Union Budget, the thinking at the top level of the central government is clear: Gross domestic product (GDP) growth of 6-6.5 per cent is a comfortable enough target for FY24 and the focus should be on fiscal consolidation to ensure that the sovereign cost of borrowing does not become prohibitively expensive in a high-interest rate environment, according to people in the know. Those aware of deliberations between the Prime Minister's Office (PMO) and the Ministry of Finance said while the Budget would look to strike a balance between infrastructure investment and welfare schemes, it is unlikely to be populist, though it will be the last full-year Budget before the 2024 Lok Sabha election. Incidentally, 6-6.5 per cent GDP growth is what the upcoming 2022-23 Economic Survey is expected to project for FY24.
Maruti Suzuki India will increase the prices of its vehicles 'substantially' from next month as it looks to offset the impact of rising input costs and make provisions to update the model range to conform to stricter emission norms which kick in from April 2023. In a regulatory filing on Friday, the country's largest carmaker said it continues to witness increased cost pressure driven by overall inflation and recent regulatory requirements. While the automaker makes maximum effort to reduce cost and partially offset the increase, it has become imperative to pass on some of the impact through a price increase, it added.
The Genetic Engineering Appraisal Committee (GEAC) has recommended the environmental release of the genetically modified (GM) mustard variety DMH (Dhara Mustard Hybrid)-11, paving the way for the commercialisation of the country's first GM food crop. The GEAC said the recommendation was valid for four years from the date the approval letter was issued. Further studies and coordinated trials will have to be conducted jointly with the Indian Council of Agriculture Research (ICAR) within two years, according to the minutes of the GEAC meeting held on October 18, which was released on Wednesday.
'No Cold War should be reignited and no Ukraine-style crisis should be repeated in Asia'
The Securities and Exchange Board of India (Sebi), the market regulator, has said, in a submission to the Supreme Court, that it is "enquiring" into the allegations made by American short-seller Hindenburg Research against the Adani Group of companies and its impact on the markets. In the same matter, the central government has agreed to form an expert committee to strengthen the regulatory regime in order to ensure that market investors are protected. The Supreme Court had last week suggested an expert committee to look into the allegations and had asked the Centre for its response.
The IPL has been held at only a few venues since the outbreak of COVID-19 in 2020
'The Fed rate will peak in the range of 5.1-5.3 per cent during the second quarter of CY23 and will most likely stay there for a while before rate cuts start in CY24.'
'... To ensure that the vast Indian Ocean Region remain peaceful.'
The Ministry of Ports, Shipping and Waterways has released a draft to amend the Indian Ports Act, 1908, which aims to bring in sweeping reforms in the sector by bringing non-major ports into the national fold, creating a new mechanism for resolution of disputes, and empowering maritime state development council (MSDC). The draft bill will see comments from stakeholders before being tabled in Parliament. "The Indian Ports Act, 1908 is more than 110 years old. It has become imperative that the Act is revamped to reflect the present-day frameworks, incorporate India's international obligations, address emerging environmental concerns, and aid the consultative development of the ports sector in the national interest," the shipping ministry said.
More than 70 per cent of Indian youth aged between 15 and 29 can't!
Teams will begin a mandatory seven-day quarantine period from May 22 before Lahore Qalandars take on Islamabad United in the first match on June 1.
BJP MPs Nishikant Dubey and Manoj Tiwari allegedly entered the ATC room without permission.
Banks have been facing wrath from the Reserve Bank of India, judiciary, governments and public on their debt recovery practises.
With a narrow industrial base and dysfunctional politics, and a counter-productive national security agenda, Pakistan could well remain an 'international migraine', observes T N Ninan.
With as many as fourteen Australians taking part in the inaugural edition of the Women's Premier League, CA CEO Nick Hockley was happy to see the growth of women's cricket.
The civil aviation ministry has mandated airlines and ground-handling companies to phase out airport equipment older than 12 years and switch to electric or fuel-efficient variants by May 2022. While companies have welcomed the ministry's green initiative, they said that the deadline for implementation is tight. This is especially in the wake of financial challenges faced by the aviation sector during the pandemic.
Senior tax officials were told to focus on cash collection from the arrears so that the target for FY23 was achieved and the overall revenue position improved.
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