The agency had earlier alleged that the company had sold its 9.1% stake to Delphi for Rs 10 crore --a rate much lower than the prevalent market price.
ITC has extensively reset its strategy and will explore opportunities to craft disruptive business models to set up structural drivers helmed by digital and sustainability for its next horizon of growth and make the company future-ready, chairman Sanjiv Puri said on Wednesday. The company is pursuing an accelerated journey to build a dynamic utureTech' enterprise by investing in cutting-edge digital technologies to shape a new paradigm of competitiveness, create innovative business models and tap newer opportunities, he said while addressing shareholders at ITC's virtual annual general meeting. As part of the next horizon vision, the company is "proactively exploring inorganic opportunities" even as it has shrunk "business segments that were incongruent to our growth aspirations, such as the Lifestyle Retailing Business" while the existing growth platforms comprising megabrands will be scaled up and fortified.
From Covid to climate change, Shankar Acharya's look at some of the trends and events that might shape 2022.
'I would always put the money I saved into equity mutual funds -- mainly through the SIP route. 'This helped in swelling my savings over a period of time,' says Avik Chowdhury.
'Hope they don't tinker around with capital gains tax in any way.'
From selfies to fist fights, Rediff.com has the best pictures from the last week snapped right here...
Get your lowdown on what's going on in the world of Hollywood, right here!
The film industry turned up in huge numbers for the premiere of Yash Chopra's swan song, Jab Tak Hai Jaan.
Meet India's newest Girls' Doubles pair of Mihika Jain and Mahak Yadav.
A look at movies that have marked the end of celebrated careers.
Messi announced he wanted to leave Barcelona, on Tuesday, after spending his entire career at the Catalan club.
A majority of the CEOs are expecting the economy to show growth in the next financial year on the back of rising consumer spending and a sharp turnaround in rural India.
Almost the entire film industry turned up!
He can barely talk and walk due to health issues but Ramakant Achrekar wants to be in the spectators gallery when his celebrated ward, Sachin Tendulkar, would take guard for one last time, next month.
Before this Hrithik Roshan-starrer hits the screen this Friday, we look back at some of the biggest Diwali hits in the past decade.
The 2010s and their impact on the Badshah's career.
Swansea City have signed midfielder Alejandro Pozuelo from Real Betis on a three-year deal, the Premier League club said on Tuesday.
Speculation is rife that the two-Test series against the West Indies could be Sachin Tendulkar's Swansong, but chief selector Sandeep Patil says he hasn't discussed with the senior cricketer his future plans for close to a year.
Get your lowdown on what's going on in the world of Hollywood, right here!
Money laundering is punishable under the provisions of PMLA.
Sebi on Monday imposed a penalty totalling Rs 15 crore on senior officials of Franklin Templeton AMC and its trustee for violating regulatory norms in the case of winding up of six debt schemes in 2020. However, a spokesperson of Franklin Templeton said they disagree with the findings in Sebi's order and intend to file an appeal with the Securities Appellate Tribunal (SAT). A fine of Rs 3 crore has been levied on Franklin Templeton Trustee Services Pvt Ltd and Rs 2 crore each on Franklin Asset Management (India) Pvt Ltd President Sanjay Sapre and its chief investment officer Santosh Kamat, according to the Sebi order. In addition, the regulator imposed a penalty of Rs 1.5 crore each on fund managers -- Kunal Agarwal, Pallab Roy, Sachin Padwal Desai and Umesh Sharma -- as well as former fund manager Sumit Gupta.
The Central Bureau of Investigation on Wednesday summoned 2G scam accused Shahid Balwa for questioning with regards to audio recordings of purported conversation between its prosecutor A K Singh and another accused Unitech Managing Director Sanjay Chandra on the case
During the arguments on the bail pleas, ED had argued that the accused had committed the offence of money laundering punishable under provisions of PMLA.
A wrist injury might have kept Sachin Tendulkar out of the on-field action for most part of his swan-song IPL but the senior batsman had a huge role in taking Mumbai Indians to their maiden title triumph, skipper Rohit Sharma said.
Life Saver -- that's the name of the app -- is a bit of an ugly duckling, that later became a swan, says Raghu Mohan.
The 'NRI movie' appeared soon after Dilwale Dulhania Le Jayenge's blockbuster success.
Here is a quick recap of The Twilight saga so far.
Former Telecom Minister A Raja had "misled" then Prime Minister Manmohan Singh regarding policy of first-come-first-served which was to be followed for allocation of 2G spectrum, Central Bureau of Investigation on Monday told a special court.
Get your lowdown on what's going on in the world of Hollywood, right here!
Former Telecom Minister A Raja chose not to cross-examine today a key Central Bureau of Inmvestigation witness' testimony in the 2G spectrum case in a Delhi court saying he would wait till another accused to confront the witness.
Former Telecom Minister A Raja, facing trial in the 2G spectrum allocation case, was Thursday allowed by a Delhi court to visit Tamil Nadu till November 25 from Friday.
Get your lowdown on what's going on in the world of Hollywod right here!
Just before the 2008 financial crisis made headlines, Indian companies were on a global buying spree. In the fifth part of the series, Dev Chatterjee and Krishna Kant discuss how the crisis came as a black swan event for some, changing the mood from exuberance to despair.
The decision was taken at a flash-meeting held at the Yash Raj studios last week.
Swan Telecom promoter Shahid Usman Balwa and Director of Kusegaon Fruits and Vegetables Asif Balwa, facing trial in the 2G scam case, were today given a week's exemption from attending court to facilitate their holy month of Ramdan.
Justice Brijesh Sethi held that the 2018 amendment to the Prevention of Corruption Act relating to Section 13 (1)(d) would not come to the rescue of the acquitted accused in this appeal.
In a setback to Dravida Munnetra Kazhagam member of Parliament Kanimozhi and seven others, a Delhi court on Thursday dismissed their bail pleas in the 2G spectrum allocation case.
