Vinay Umarji
Start-ups Zomato, PB Fintech, One97 Communications, and FSN E-Commerce Ventures have entered the large-cap category after the latest reclassification exercise by the Association of Mutual funds in India (Amfi). This comes despite stocks such as PB Fintech (Policybazaar) and One 97 Communication (Paytm) trading below their issue price. Others such as Mindtree, SRF, IRCTC, Tata Power, JSW Energy have been moved from mid-cap to large-cap category.
Based on the current momentum, the funds likely to be raised through the RBI's relaxed window would be $3.5 billion-$4 billion.
'There have been many cases where clients have indicated that they feel suicidal as they feel they have no other options to deal with their financial hardship.'
The official said the three accused, including resort owner Pulkit Arya, were arrested within 24 hours of the matter being handed over to the regular police force from revenue police on September 22.
Electric vehicle market is likely to attract investments of Rs 94,000 crore over the next five years and is expected to generate business opportunities in the real estate sector, according to a joint report by Colliers India and Indospace. The report 'Electric Mobility in Full Gear' mentioned that the electric vehicle (EV) industry in India is currently at a nascent stage but it is likely to grow, backed by government initiatives and a move towards recognising climate change. "India is taking a step towards sustainability and has vowed to cut its carbon emissions. "At the recently concluded CoP26 summit, India pledged to reach net-zero carbon emissions by 2070. "In India, the transport sector is currently the third-largest emitter of CO2. This is leading to increased thrust on EVs in India," it said.
The TMC, in total, bagged 75.02 per cent of the votes cast, whereas the BJP got some 14.48 per cent votes, in the four assembly segments.
In the two years since the PLA's intrusions into Eastern Ladakh, the Border Roads Organisation is sparing no effort to build and upgrade road highways from Tezpur to the McMahon Line.
The BJP continuing to look at the Dravidian polity through the religious prism has not worked in Tamil Nadu whereas it has yielded political and electoral results across much of the rest of the country, observes N Sathiya Moorthy.
The active caseload was below the 8 lakh mark (7,85,996) last on September 1, the ministry said.
Glaciers in the Karakoram region are in a stable condition, but those feeding the Ganga and the Brahmaputra river basins are melting at a faster rate, the earth sciences ministry has said.
In twin blows to Indian economic revival, higher food prices drove retail inflation to a five-month high of 7.4 per cent while factory output fell for the first time in 18 months. The second consecutive month of rise in consumer price index (CPI)-based inflation will add to the pressure on the Reserve Bank of India (RBI) to again raise interest rates to tame high prices. Inflation has been above the targeted zone for the ninth month in a row and as per statute, the RBI will now have to explain to the government in writing why it failed to keep prices below 6 per cent.
Only the top ten teams will be taking part in this World Cup and they all will play each other in a round-robin format before the semi-finals stage.
Union minister Jitendra Singh on Thursday said states have not been sponsoring adequate number of officers for central deputation which has prompted changes in the service rules.
From the 30-share pack, Indusind Bank, Axis Bank, Maruti Suzuki, Bajaj Finance, Bajaj Finserv, UltraTech Cement and Mahindra & Mahindra were the biggest drags, tumbling up to 7.63 per cent.
'On the Kashmir and Pakistan question, it is startling that Vajpayee and Advani did more than anybody in Indian history.'
Bharath Arun, who has overseen the golden era of Indian fast bowling, believes that a lot of exciting fast bowlers are coming through the ranks and coaches, along with selectors, should be identifying the next batch in earnest.
Mihir Tanna, Associate Director, S K Patodia & Associates, answers your tax queries.
'China wants to change the status quo of India's Northern Border and proves that it can do whatever it wants in what it perceives as its own territory,' states Claude Arpi.
'When you are travelling in Mumbai when the air quality is bad, you feel suffocated.' 'You may feel uncomfortable breathing Delhi air, but the level of discomfort is higher in Mumbai.'
'Traditionally, the US tried to tamp down tensions whenever a crisis situation arose and deputed officials from Washington to travel to Delhi to counsel restraint.' 'This time around, no US envoy flew down to Delhi -- not even when tensions spiked and a flashpoint was reached last week,' points out Ambassador M K Bhadrakumar.
Here's what the home minister said in reply to the debate on citizenship amendment bill.
While commercial vehicles are expected to benefit from strong replacement demand, the two-wheeler and tractor segments are expected to gain from a recovery in the rural economy.
AIFF elections returning officer rejects nomination papers of two presidential candidates
Nuclear weapons in Pakistan's hands have "corrosively destabilising" effects in the region and provide a license for the country's sub-conventional wars against India, a top American expert has said.
As many as 1,578 dedicated COVID hospitals are providing quality medical care.
Once touted as a 'wonder drug', HCQ has been battling global controversies around its safety and efficacy as a prophylactic against the new coronavirus SARS-CoV-2.
'What is the ISI doing and why can't they understand for their own interest that bringing stability to the region will help all the countries become prosperous, whereas a continuation of incitement will only lead to misery for all.'
The Yuan Wang 5 can easily monitor the Indian coast while operating in international waters. She does not have to enter a port in Sri Lanka to fulfill this mission, points out Commodore Venugopal Menon (retd).
The map shows the state wise rate of crime/atrocities committed against SCs by non-SCs in 2016.
India's COVID-19 cases and deaths per million population are amongst the lowest in the world, the govt says.
While the United States' share in global COVID-19 cases is 22.4 per cent, those who have recuperated there comprise 18.6 per cent of total worldwide recoveries, according to data presented by Bhushan.
Breaking his silence on the Hanuman Chalisa row that has seen a lawmaker couple being booked for sedition and the Bharatiya Janata Party raising the Hindutva pitch, Maharashtra Chief Minister Uddhav Thackeray on Monday said reciting the Hanuman Chalisa at his home is not a problem but 'dadgiri' won't be tolerated.
Investors expect more investment-friendly policies opening up more sectors for foreign direct investment
India's tax pie seems to have undergone a subtle change with a sharp drop in direct tax collections resulting from a disproportionate impact of the COVID-19 carnage on incomes. The share of indirect taxes, which mainly comprise of levy on goods and services as well as import duty, has risen while that of direct taxes - made up of corporate and personal income tax - has gone down in 2020. In an interview with PTI, finance secretary Ajay Bhushan Pandey said in a pandemic like this where the economy has been impacted, any large scale changes impact direct taxes more severely, whereas indirect tax collection is mostly proportional to business turnover and compliance.
'For the common man, the economic conditions are not going to get better.'
In his counter-affidavit, Radhey Shyam, who was recently released by the Gujarat government on remission, said that none of the petitioners are related to the case and are either political activists or "third party stranger".
It will not be to India's advantage to create misperceptions that it is bandwagoning with some Anglo-American project for regime change in Myanmar, argues Ambassador M K Bhadrakumar.
The Reserve Bank of India's (RBI's) recent decision to allow credit cards for payments through the Unified Payments Interface (UPI) is likely to attract a merchant discount rate (MDR), said a top payment industry source. For smaller merchants, a subsidy for MDR could be provided. "With credit card-UPI linkage, UPI will not only be a payment instrument but also a lending platform. "How can banks lend without a commercial model? Also, the government has said MDR will be zero for payment products but not for lending products," the source said, indicating the MDR regime for credit card-linked UPI payments.
If India Inc sincerely feels the separation of posts is not a good governance measure, it must spell out its doubts clearly to Sebi and give cogent arguments rather than mundane ones like India is different, argues J N Gupta, member, Kotak committee on corporate governance reforms.
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