The Land Acquisition Bill, passed by Parliament during the Monsoon Session to replace a 119-year-old legislation, became a law with President Pranab Mukherjee giving assent to it on.
The land acquisition work will start in a peaceful manner," Steel and Mines Minister Raghunath Mohanty told reporters adding the land acquisition work had been halted for nine months due to a 'stop work' order from the Ministry of Environment and Forest.
In Punjab, farmers sat on railway tracks at many locations in 22 districts, including Amritsar, Ludhiana, Tarn Taran, Hoshiarpur, Firozpur, Fazilka, Sangrur, Mansa, Moga and Bathinda. Because of the disruption of train services, passengers experienced inconvenience.
Land laws in India need not be archaic, say experts.
The Competition Commission of India has introduced draft regulations for combinations or mergers, under the new competition Act, to bring global deals in the digital space, including those involving Big Tech companies, under its scanner. The draft regulations would provide guidance on the valuation of merger transactions and the criteria for assessing sustainable operations in India for companies. The proposed rules mention that if the number of users and subscribers, or the turnover or gross merchandise value in India is over 10 per cent of the global figure, the company would be considered to have substantial business operation in India and would need CCI approval for the merger.
Eyes bank, brokerages, and asset management businesses.
Union Railway Minister Mamata Banerjee on Monday said that Trinamool Congress was totally against forcible acquisition of land for industrial purposes and the choice of giving up land should be left to the people. "We are against forcible acquisition of land. Our party fought in Singur and Nandigram against land acquisition. If the people agree to give land, it is their decision," Banerjee said.
A total of 161.30 acres of land, plant, machinery and building of the Kannad Sahakari Sakhar Karkhana Limited (Kannad SSK) located in Kannad village of Aurangabad district has been provisionally attached under the Prevention of Money Laundering Act (PMLA), the ED said in a statement.
Lucknow Super Giants made it to the playoffs in its first two seasons. Can LSG make it to the final in IPL 2024?
Preliminary investigation revealed that the accused were upset as they were not given compensation or a job after their land was acquired by Indian Railways and Hindustan Zinc Limited.
The Chinese financial giant, which had invested in One 97 Communications since 2015, has seen a sharp decline of 45 per cent, or Rs 2,125 crore, in its stake value since the Reserve Bank of India (RBI) took action against Paytm Payments Bank on January 31. One 97 shares closed at Rs 422.6 a share on Monday. The Chinese company, however, had sold its stake worth Rs 8,293 crore in three tranches over one year.
Kashvee Gautam becomes first uncapped player to fetch Rs 2 cr
Need for consent of affected families and social-impact assessment could go.
It said the acceptance of necessity accorded to the procurement by the Defence Acquisition Council noted the estimated cost of $3,072 million as provided by the US government, adding the price will be negotiated once policy approval from Washington is received.
The income tax department on Wednesday conducted a survey operation at Hinduja Global Solutions, an entity of the Hinduja Group, in Mumbai and some other cities, official sources said.
State Bank of India is open to overseas acquisitions in case there is synergy in businesses.
The state-run Oil India Ltd has raised a war chest $1.5 to 2 billion and is eying acquisition of small to medium sized oil producing companies overseas.
With land acquisition completed and infrastructure work streamlined, India's bullet train dreams are slowly, but finally, inching closer to reality.
From those highs, the Bengaluru-headquartered company founded in 2011 is now looking to sell two companies it lists as "well-known acquisitions" on its website - Epic and Great Learning. But strategic buys have been critical to its quick expansion. The company got a valuation of about $8 billion by January 2020 after becoming a unicorn in late 2017.
Mergers and acquisitions (M&As) in India are expected to stay buoyant, seen over the last three-four years, despite a slowdown in the first seven months of the calendar year. "M&A is a lumpy business activity, and we may suddenly see large deals taking place during the next two quarters of the calendar year. "This would help maintain the streak of strong M&A activity.
UltraTech Cement's third quarter of financial year 2023-24 (Q3FY24) performance saw a combination of 6 per cent year-on-year (Y-o-Y) volume growth and 8 per cent revenue growth coupled with better realisations per tonne. The earnings before interest, taxes, depreciation, and amortisation (Ebitda) stood at Rs 3,250 crore and Ebitda per tonne was Rs 1,191. Profit after tax (PAT) was reported at Rs 1,780 crore. Other income dipped and interest costs rose.
A picture has been created that present government is anti-farmer, which is absolutely wrong, says BJP MP Bhupender Yadav.
After dropping a Rs 5,000 crore plan to fill parts of strategic oil storages, the government will lease out space in the underground rock caverns to domestic and international firms to store oil, a top executive said on Tuesday. India Strategic Petroleum Reserve Ltd has built underground storages at Visakhapatnam in Andhra Pradesh and Mangalore and Padur in Karnataka to store 5.33 million tonnes of oil that can be used in any emergency situation like supply disruption or war. UAE's Abu Dhabi National Oil Company (Adnoc) has already hired half of the 2.5 million tonnes storage capacity at Padur and 1.5 million tonnes facility at Mangalore.
Pravin Rao says firms with revenue of $600-700 millon will be preferred.
We present a FAQ on the Land Acquisition, Resettlement and Rehabilitation Bill, which the government hopes to table in the Parliament after being held-up for three years because of in-house differences.
The country's third largest software exporter, Wipro Technologies, on Tuesday said it is looking for an acquisition in the BPO space, which is likely to be the next engine of growth for the IT industry.
A bench of justices H L Dattu and A R Dave said that besides notifying the acquisition in the official gazette, the authorities were bound to notify the affected persons through media notifications in at least two newspapers in the local region.
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While the depreciation of the rupee would not have much impact on large players such as Infosys ,TCS and Wipro,their smaller peers, might have to postpone acquisition activity.
In 2024 so far, 20 startups have already visited the campus with 80 placements.
The corporate affairs ministry has asked its field officers to expedite the inspection of the books of Byju's and submit the report, a senior official said on Monday as trouble continues to brew at the edtech firm. The ministry, which is implementing the companies law, will decide the further course of action after receiving the report from its regional office. In July 2023, the ministry had asked the office of the regional director in Hyderabad to conduct an inspection of the company Think & Learn Pvt Ltd, which is registered in Bengaluru.
There is no near-term respite for the country's largest fast-moving consumer goods maker, Hindustan Unilever (HUL), which is facing multiple challenges on the growth front. With demand showing no signs of improvement, especially in the rural segment, the October-December quarter (Q3) of 2023-24 (FY24) is likely to be similar to the previous quarter, with volume growth in the low single digits. The stock, which is down 7 per cent over the past year compared to the 11 per cent jump for the S&P BSE Sensex, could underperform the benchmark in the near term as well.
Mirc Electronics, the manufacturer of Onida brand of consumer electronics, is looking for overseas acquisition opportunities to beef up its research and development capabilities.
According to a survey, of the 190 infrastructure projects facing delays, 70 per cent were delayed due to land acquisition problems. Forty projects by NHAI, 60 being implemented by Indian Railways and 28 power projects are facing difficulties in acquiring land. SLUs would expedite the time taken.
Here is the chronology of events in the Ayodhya Ram temple issue.
'There is not one discussion with a client without a discussion around AI. They all have it on their mind.'
Mukesh Ambani-owned Reliance Industries (RIL) is in discussions to acquire a 29.8 per cent stake in Tata Play from the Walt Disney Company, according to sources close to the development. This move is seen as part of RIL's broader strategy to deepen its footprint in India's television distribution sector. Tata Sons, the holding company of the Tata group, currently holds a 50.2 per cent stake in the satellite television broadcaster.
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