After record fund raising, Reliance Industries now has a strong balance sheet with high liquidity that will support growth plans for its three hyper-growth engines, Jio, Retail and oil-to-chemicals, according to the firm's chairman and managing director Mukesh Ambani. In the company's latest annual report released on Wednesday, he said the company sold minority stakes in Jio Platforms -- the unit that houses its telecom and digital business -- and retail arm for almost Rs 2 lakh crore and raised another Rs 53,124 crore through rights issue.
A bill seeking to explicitly ban caste discrimination has been introduced in the California Senate by a Democratic lawmaker, which, if passed, could make America's most populous state also the country's first to outlaw caste-based bias.
'The long maturity of these funds makes them well-suited for long-term financial goals such as saving for retirement or children's education or marriage.'
Mihir Tanna, Associate Director, S K Patodia & Associates, answers your tax queries.
Lok Sabha Speaker Om Birla on Tuesday said it was the most productive session since 1952.
Watch all the debates and discussions in Parliament.
Finance Minister Nirmala Sitharaman on Wednesday raised the personal income tax rebate limit, doled out sops on small savings and announced one of the biggest hikes in capital spending in the past decade as she did a tight rope walk in the Budget between staying fiscally prudent and meeting public expectations in the year before general elections.
The overall productivity of the House for the first three weeks of the monsoon session has been 22.60 per cent," sources said
'Returns can be very variable in equity markets.' 'That is why I tell small investors don't put 100 per cent of your money in equities, even if you are young.'
The writing has been on the wall for some time and it showed up prominently during the festival-season sales last year, when Meesho toppled Amazon to become the second-largest player in order share. During the sales season, 60 per cent of the orders Meesho received were from tier-4 cities and beyond. According to a report by consulting firm Redseer, festival-season sales last year were driven primarily by tier-2 and tier-3 cities, with 64 per cent of the shoppers coming from those.
Vanita Kohli-Khandekar reports on the ongoing battle for the top spot between publishers S Chand and Navneet.
Until now, these platforms were either working through an investment advisory (IA) or stockbroking licence.
No lives were lost after cyclone Biparjoy made landfall. Preparations for Biparjoy were not only extensive, they were also telecast far and wide. Ahead of the cyclone's landfall, Shyam G Menon observes there was considerable publicity on how much the government was geared up to face the storm and its aftermath.
Twelve days of movie madness and 36 films later, Aseem Chhabra lists his top 10 favourite films from this year's Cannes Film Festival.
An MP-MLA court in Prayagraj on Tuesday held gangster-politician Atiq Ahmed and two others guilty in the 2006 Umesh Pal kidnapping case.
'Bharat Jodo Yatra' is a 'booster dose' for the Congress and a 'decisive and transformational moment' for the politics of the country, senior party leader Jairam Ramesh said in Guwahati on Friday.
Proceedings in Rajya Sabha were repeatedly disrupted on Monday before being called off for the day as opposition members protested on the alleged phone-tapping and other issues and demanded discussions on them in the House.
Did you know that an individual can, in addition to the tax benefits she/he is entitled to, also leverage the benefits available to family members to reduce this liability?
For those of us who are young and have moved away from our families to work in different cities, the challenges are frequent and many. And looking for a house takes topmost priority.
Rediff.com's Indrani Dey digs up chilling details of the ongoing investigation in the Bardhaman blast case, which exposed the a militant network that had been operating in West Bengal since many years.
Lok Sabha on Thursday passed two bills before the proceedings were adjourned for the day amid continuous protests by opposition members over the Pegasus spying row and farmers' issue.
Amid the din in which BJP and Congress members tried to shove each other and some members banged the door leading to the secretary general's desk, Birla adjourned the House for the day.
One Chinese source informed ANI that 10 million new infections are probably occurring daily in China.
The opposition parties did not yield, and the Chairman adjourned proceedings for the day
Raising the issue during Zero Hour, Gandhi demanded immediate withdrawal of the objectionable question and a review into the 'gravest lapse'.
'After household expenses, we are left with nothing...' 'Sometimes I think it is better to shut the store...'
'The PM says he believes in discussion and debate, then why are discussions and debates not being allowed in Parliament?'
Later in the day, Flipkart condemned the attack and said it has blacklisted the seller from its platform and is extending all support to the probe agencies.
On the occasion of the first prime minister Jawaharlal Nehru's 125th birth anniversary, Sheela Bhatt/Rediff.com visits his residence of 16 years, and comes away marvelling at his enduring legacy.
'I get scared. I feel insecure. I lose confidence many times in the day. But that is why I keep going because the weaker you are, the stronger you get'
Here's the full text of Prime Minister Narendra Modi's address to a joint session of the United States Congress, delivered on Thursday.
The Lok Sabha, chaired by Speaker Om Birla, has been working for more than its scheduled time and has sat till midnight on two occasions to complete its legislative business.
The NIA on Tuesday took over the case of last week's terror strike near an army camp Jammu, officials said, as one of the three arrestees confessed to transporting terrorists from the International Border to Kashmir in the past also, sending alarm bells ringing in the security establishment.
Opposition parties on Thursday launched a vociferous attack on the Centre over its handling of the farmers' agitation, callings its dialogues with the protestors 'monologues', even as the ruling Bharatiya Janata Party defended the new laws asserting that its government is committed to the welfare of peasants and increase their incomes.
Mumbai's slum colony of Dharavi, once a coronavirus hotspot and a challenge for municipal authorities in implementing containment measures, has become free of Covid-19, nearly two years after reporting the first case of the infection.
Ambani is in good company. The likes of ultra-rich individuals like hedge fund billionaire Ray Dalio and co-founder of Google Sergey Brin have chosen Singapore to establish their family offices. So have British inventor James Dyson, famous for his bladeless fans and hair dryers and vacuum cleaners, and Zhang Yong, founder of China's Haidilao hotpot restaurant chain, reports Lee Kah Whye.
Sebi on Friday imposed a penalty of Rs 50 lakh on Kotak Mahindra Asset Management Company (AMC) and barred the fund house from launching new fixed maturity plan (FMP) scheme for six months for violating regulatory norms. The markets regulator has directed the fund house to refund a part of the investment management and advisory fees collected from the unitholders of the six FMP schemes along with a simple interest at the rate of 15 per cent per annum. The case relates to the fund house's investment in certain FMPs. These FMPs of Kotak AMC had invested in Zero Coupon Non-Convertible Debentures (ZCNCDs) issued by Essel Group entities.
Two seconds of Kajol and Shah Rukh Khan in Kuch Kuch Hota Hai pack in more chemistry than two hours and 44 minutes of Ranbir and Shraddha's romance in Tu Jhoothi Main Makkaar, feels Sukanya Verma.
Billionaire philanthropist George Soros believes the turmoil at Gautam Adani's business empire may weaken Prime Minister Narendra Modi's hold on the government -- a statement which was strongly countered by BJP as an attack on Indian democracy.
The beating up of a woman and tonsuring hear head at Dalchak Dumaria village on Thursday on charges of practicing witchcraft created an uproar in the Bihar Assembly on Friday with the opposition RJD raising the issue. Showing reports that appeared in a section of press here this morning during zero-hour, senior RJD MLA and former state minister Shyam Razak alleged that women were also not safe under the present regime.
