The Securities Appellate Tribunal (SAT) on Monday set aside the penalty imposed by Sebi on Reliance Industries Ltd's chairman Mukesh Ambani and two other entities in a case related to alleged manipulative trading in the shares of erstwhile Reliance Petroleum Ltd (RPL) back in November 2007. The ruling has come after all the entities appealed before the tribunal against the order passed by the Securities and Exchange Board of India (Sebi) in January 2021. In January 2021, Sebi imposed a Rs 25 crore fine on Reliance Industries Ltd(RIL), Rs 15 crore on Ambani, who is the company's chairman and managing director, Rs 20 crore on Navi Mumbai SEZ Pvt Ltd and Rs 10 crore on Mumbai SEZ Ltd in RPL case.
'Sebi had no problem with derivatives until trading exploded after Covid.' 'But now, having built a dangerous road, from which different entities, mainly governments, are extracting a heavy toll, Sebi is concerned that people are driving on it in much greater numbers,' explains Debashis Basu.
Rajasthan is reeling under a huge financial burden with the state's debt having gone beyond Rs 5.59 lakh crores. Rajasthan has increased expenditure on education by 203.4 percent, by 105.4 percent on health, by 227.14 percent on housing. Its expenditure on social welfare schemes has increased by almost 2,475 per cent.
The central bank has not set a deadline for banks to conclude the stress-test exercise, but senior bankers opine that some were already looking at this, and will now fast-track it by September-end, when they will have a better picture of their books after the moratorium on the servicing of loans and a 180-day view on the performance of borrowers' accounts.
Deriving from Narendra Modi's continuing charisma, the proposed scheme, if and when implemented, can cut both ways. That is to say, if Modi can win, he can lose. Or, someone else in his place, later on, could lose as much as he could win in his time, points out N Sathiya Moorthy.
The government is planning to merge Bharat Broadband Nigam Limited (BBNL) with the loss-making state-run telecom operator Bharat Sanchar Nigam Limited (BSNL) this month, a senior official has said. BSNL chairman and managing director PK Purwar at a recent event organised by the All India Graduate Engineers and Telecom officers Association (AIGETOA) said that the government is giving the telecom firm an opportunity for a turnaround. "The government has taken a policy decision that BBNL is going to be merged into BSNL. "This means all work of BBNL at the pan-India level is going to come to BSNL," Purwar said at the All India Conference of AIGETOA on March 13.
The crises of the 21st century, 9/11, the economic meltdown, COVID-19, Russia-Iran war and the Hamas-Israel war seem to be never ending. In this situation, Iran might be contemplating a nuclear deterrent to defend itself, observes Ambassador T P Sreenivasan, the distinguished long-time Rediff contributor who turns 80 on June 17..
'I found it unbelievable that L&T said 45,000 jobs were waiting to be filled because of unavailability of suitable skillsets.' 'So, when the Opposition sweepingly says there are no jobs, I'm sorry... I'm not saying it's raining jobs, but there are jobs. The (skill) gap has to be bridged.'
The Centre has disallowed installation of mobile towers in core or critical tiger habitats in the country, according to new guidelines by the environment ministry.
Stories are legion about the Karatmeter's use at that time. Hundreds of people standing in queue for testing, customers breaking down after discovering the actual purity of their jewellery and then becoming irate about the jeweller who had gypped them, the local jewellery industry leaning heavily on the Tanishq franchisees to desist from using it, some jewellers even threatening violent action.
'2019 was fought on delivery. But in 2024, you can see the before and after effects.'
A Romanian aircraft carrying 275 passengers, mostly Indians, on Monday left for India four days after they were detained by the French authorities at an airport near Paris over suspected 'human trafficking'.
The lowest price of the India-South Africa tickets is of Rs 900 which are being sold for around Rs 5000 in the black market.
The Bharatiya Janata Party in the state demanded an apology from the Uddhav Thackeray-led government over this incident.
The transferred officers included 22 IAS, 79 IPS, 45 Bihar Administrative Service officers
The US is 'putting every ounce of its energy' to eliminate the long visa wait time in India, including sending a cadre of consular officers to the country and opening up its other overseas embassies as far away as Germany and Thailand for Indian visa applicants, according to a senior US visa officer. India was one of the very few countries where applications for US visas saw a major upswing after coronavirus-related travel restrictions were lifted. There have been growing concerns in India over the long waiting period for first time visa applicants, especially for those applying under B1 (business) and B2 (tourist) categories.
Responding to a query, Mathur said there is no "formula" for electing the chief minister.
Three different invitations were sent out for the wedding and the receptions with top-run guests being sent a large red box that contained an intricate chest incorporating a mini silver temple featuring gold idols of various Hindu deities, including Lord Ganesh, Radha-Krishna, and Goddess Durga.
The decision is expected to provide a push for their development in healthcare, cultural identity, education, financial matters, skill development and women empowerment among others, the Chief Minister's Office said in a statement.
The advisory was issued as thousands of Indians studying in Chinese medical colleges are currently stuck at home for over two years due to Beijing's COVID visa ban.
States are now gearing up to implement the scheme, integrating it with their own public health insurance plans and tying up the loose ends.
While the start may have been rocky, with renewed syllabus and coaching, students and teachers are largely in favour of the exam.
With investors asking for a change in the board structure at Byju's, the edtech giant's founder and chief executive officer (CEO), Byju Raveendran, is now asking them to put $300 million into the company for more control. The company has rung up $5.8 billion from investors such as General Atlantic, Sofina, the Qatar Investment Authority, Sumeru Ventures, Vitruvian Partners, BlackRock, Chan Zuckerberg Initiative, Sequoia, Silver Lake, Bond Capital, Tencent, and Tiger Global.
For far too long, people in J&K have felt the government doesn't exist for them.' 'My first priority is to make them feel that not only does it exist, it is there to work for them.
'There is a plan to add a '19 plus' level where all these boys could be integrated'
'The all-rounder was taken for scans and is advised rest. He will be under the constant supervision of the BCCI Medical Team. He will not be taking the flight to Dharamsala with the team on 20th October and will now join the team directly in Lucknow where India play England.'
'Suddenly the audience pool feels bigger, like everyone is watching everything now.' 'It's no longer limited in terms of boundaries, like a state or a language.' 'Whether it's a series, a movie or even a Korean film, the audience has access to all of it.' 'Slowly, the boundaries are blurring, so that's great for actors.'
'We want to send a notice to the BJP that Rajputs are no longer their slaves.'
'There cannot be anyone like Air Marshal Keelor -- he was so difficult to emulate.' Air Commodore Nitin Sathe (retd) salutes War Hero Air Marshal Denzil Keelor PVSM, KC, AVSM, VrC who passed into the ages last month.
With Delhi recording air pollution levels seven to eight times above safe standards on Monday, the city government announced the return of its flagship odd-even scheme after four years anticipating further deterioration of air quality post-Diwali.
The market capitalisation of Adani Group companies rose by nearly Rs 73,000 crore on Monday as investors lapped up shares of the power-to-port conglomerate after BJP's electoral wins in three states, spurring hopes of regime continuity at the Centre. The Gautam Adani group's market map once again neared the Rs 12-trillion mark, following sharp gains made over the past week. "Two big overhangs for the Adani Group have receded somewhat following the state election results, there is more certainty that the BJP will win a third time next year.
Digital payments provider Paytm is all set to make its market debut as early as this year, with an aim to raise $3 billion (around Rs 22,000 crore). If successful, this could be the biggest initial public offering (IPO) by an Indian company, breaking Coal India's 2010 record of Rs 15,475 crore. According to media reports, the board of One97, parent company of Paytm, is all set to meet this Friday to formally approve the IPO plan.
Mining magnate Anil Agarwal's conglomerate on Friday announced a major business shake-up, with flagship Vedanta Ltd approving a spin-off of its metals, power, aluminium and oil and gas businesses into separate listed entities and an overhaul of lucrative zinc unit planned as part of value creation and reducing debt load. Vedanta will issue one share of the five demerged businesses for every share held in the company, the firm said in a statement. The entire exercise, which would require shareholder and lender approval as well as a nod from the stock exchanges and courts, is expected to be completed in 12-15 months, its president for finance Ajay Agarwal said.
WFI President Sanjay Singh on Friday assured that the protesting wrestlers' trio of Bajrang Punia, Vinesh Phogat and Sakshi Malik would not face any discrimination and he would personally approach them for appearance in the Olympic Qualifiers trials, which will be held in Maharashtra.
The Shree Jagannath Temple Administration (SJTA) said it will set up an exclusive healthcare centre for the families of servitors. Ahead of the Rath Yatra, a massive sample collection exercise was conducted on Monday night and one servitor had tested positive, Chief Secretary A K Tripathy said.
Tactical investors should have an investment horizon of around six months to one year, long-term investors should stick around for 10 years or more.
The National Cricket Academy, which has often been criticised for its handling of players' injuries, is set to get the help of a BCCI medical panel and a dedicated social media department as part of its overall revamp plan. The development comes after the criticism the NCA drew for the injury management of leading India players, including Wriddhiman Saha and more recently Bhuvneshwar Kumar. All-rounder Hardik Pandya and premium pacer Jasprit Bumrah added to the NCA's woes by choosing personal rehabilitation over recovering in Bengaluru.
As per the plans, the survey will be conducted to identify people of four communities -- Goria, Moria, Desi and Jolah of the tea tribes -- considered as indigenous.
In a virtual roundtable with healthcare workers on COVID-19, Biden alleged on Wednesday that his transition team has not been receiving any cooperation from the Trump administration.
