The current slump in the automobile sector has delivered a hard knock to component makers -- classified as small and tiny enterprises -- as about 600 manufacturing units in Jamshedpur have shut down operations, while more than 2,000 other units spread across the country are on the verge of closure.
However, the second quarter of FY24 is expected to be muted, and, with that, the hope of double-digit growth is now being pushed to FY25. However, analysts are expecting the momentum in the closure of record total contract values (TCVs) will continue, as has been the case over the last two quarters.
Byju's founder Byju Raveendran on Saturday said the edtech company will not be able to pay salaries to employees as the recent funds raised through a rights issue are inaccessible due to a legal dispute with certain investors. In a letter to staff, Raveendran said the rights issue, launched a month ago, has been successfully closed. "This was supposed to be a happy correspondence.
The lawyer defending the Supreme Court-appointed special investigation team, which gave a clean chit to Gujarat Chief Minister Narendra Modi in the 2002 post-Godhra riots case on the complaint by Zakia Jafri, Friday said that "her complaint contains nothing but all irrelevant things".
The lawyer of the Supreme Court-appointed Special Investigation Team, which has given a clean chit to Gujarat Chief Minister Narendra Modi in 2002 post-Godhra riots case after investigating complaint filed by Zakia Jafri, on Thursday said that "Modi has never said that go and kill people".
The State Bank of India, which unsuccessfully sought extension of time till June 30 to disclose the details of electoral bonds, on Monday faced searching questions from the Supreme Court which wanted to know about the steps taken to comply with the directions it had issued while scrapping the controversial scheme of anonymous political funding on February 15.
The Central Bureau of Investigation probe into the alleged acquisition of disproportionate assets by Samajwadi Party Chief Mulayam Singh and his son Akhilesh Yadav, Uttar Pradesh chief minister, may be headed for a closure with investigators said to have not been able to gather enough evidence.
The Punjab government has ordered the closure of schools till July 13 while in Chandigarh schools are closed till Thursday.
The poisonous haze has been causing significant problems for people with existing respiratory issues, according to doctors.
The bench, headed by Chief Justice D Y Chandrachud, will also hear a separate plea which has sought initiation of contempt action against the SBI alleging it "wilfully and deliberately" disobeyed the apex court's direction to submit details of the contributions made to political parties through electoral bonds to the Election Commission by March 6.
Fundraising via initial public offers (IPOs) dropped 52.2 per cent to $147.2 billion in the first eight months of calendar year 2023 (CY23), suggests a recent report by GlobalData, a London-based analytics and consulting company. At the country level, the report suggests, India topped the charts with 152 transactions worth $3.8 billion during this period, primarily due to a higher number of SME IPOs, followed by the US with 99 deals totaling $16 billion, while China ranked third with 88 transactions worth $32.3 billion. "An analysis of GlobalData's Deals Database reveals that there were 750 IPO listings registered with an aggregate deal value of $147.2 billion in the first eight months of 2023 on the stock exchanges worldwide.
The Palghar Judicial Magistrate on Thursday accepted the closure report filed by the police in connection to the Facebook case.
"If you feel something is right, go for it," says Anamika who also found her match on a dating app.
The police on Tuesday dropped all charges against two girls from Palghar whose arrest over a Facebook post criticising shutdown in Mumbai during Shiv Sena chief Bal Thackeray's funeral last month had sparked an uproar.
A special court on Friday asked the CBI as to what was the "hurry" in filing a closure report in the coal blocks allocation case in which it had earlier lodged an FIR against top industrialist Kumar Mangalam Birla and others.
The three FIRs were registered on Friday, and police stressed that there was no fresh violence and that the situation was under control.
In a landmark judgment that delivered a big blow to the government, the Supreme Court on Thursday annulled the electoral bonds scheme, saying it violates the constitutional right to freedom of speech and expression as well as the right to information.
The Special Investigation Team on Wednesday strongly contested the protest petition filed by Zakia Jafri against its closure report giving clean chit to Gujarat Chief Minister Narendra Modi and others in the 2002 post-Godhra riot case.
Loan against gold as a product is catching on fast. Let's keep the momentum going, but aim for sustainable growth. A few bad apples should not ruin the brunch, argues Tamal Bandyopadhyay.
An RBI-appointed panel on Monday recommended hosts of customer-centric initiatives for banks, including online settlement of claims by heirs of deceased account holders, flexibility for submission of life certificates by pensioners and a centralised KYC database. The report of the Committee for Review of Customer Service Standards in RBI Regulated Entities (REs) has also suggested that the operations of accounts should not be stopped pending periodic Know Your Customer (KYC) updates. It recommended that there should be a time limit for the return of property documents to borrowers after the closure of the loan account, failing which a penalty should be imposed on the lender.
The court had on Wednesday held that the previous SIT had not carried out further probe into these 186 cases in which closure reports were filed
The scheduled temporary runway closure is an annual exercise and a contingency plan on the same will help maintain operational continuity and ensure passengers' safety, the private airport operator said in a statement.
A local court on Thursday warned social activist Teesta Setalvad, who had sought to represent Zakia Jafri in her complaint against Chief Minister Narendra Modi and others in 2002 riots case, for "misusing" the court proceedings.
The motice was issued on the basis of applications filed by Shiv Sena activist Amit Chouhan and four suspended police officers.
A local court on Thursday directed the Special Investigation Team, which probed the complaint against Gujarat Chief Minister Narendra Modi and others with regard to their alleged roles in 2002 riots, to furnish 'complete and legible copies' of the documents to Zakia Jafri, the complainant in the case.
The Afghanistan Embassy in New Delhi announced Saturday night that it is ceasing its operations from October 1, citing a 'lack of support from the host government', failure to meet expectations in serving Afghanistan's interests, and reduction in personnel and resources.
A 20-year-old Indian-origin man has been sentenced to six years and nine months' imprisonment in the Welsh capital of Cardiff after admitting to raping a woman in London.
The sessions court will continue hearing the revision application on Tuesday, special public prosecutor Pradip Gharat said. Goswami's lawyer Parkar said after the revision plea is heard, the court will take up the bail plea for hearing.
There was no material to substantiate claims of any larger conspiracy in the 2002 Gujarat riots and the idea behind alleging that the violence was state-sponsored is to keep the 'pot boiling' which showed 'sinister signs,' the special investigation team told the Supreme Court on Wednesday.
Congress leader Jagdish Tytler on Thursday moved the Delhi high court against the trial court's order for reopening of the investigation against him in a 29-year-old anti-Sikh riots case, in which three people were killed. Tytler has challenged the trial court order, which set aside the Central Bureau of Investigation's closure report, giving him a clean chit in the case. The appeal is likely to be listed on Friday for hearing.
A local court in Ahmedabad on Monday allowed Zakia Jaffery to examine documents submitted by the Special Investigation Team to it in relation to closure report against Gujarat Chief Minister Narendra Modi and others in 2002 riot cases.
The special investigation team had not conducted any probe on the alleged larger conspiracy in the 2002 Gujarat riots and there was an effort to 'protect' and ensure that people from the Bajrang Dal, police, bureaucracy and others are not prosecuted, Zakia Jafri told the Supreme Court on Thursday.
The State Bank of India (SBI) on Wednesday told the Supreme Court that a total of 22,217 electoral bonds were purchased by donors between April 1, 2019 and February 15 this year, out of which 22,030 were redeemed by political parties.
A 29-year-old anti-Sikh riots case came back to haunt senior Congress leader Jagdish Tytler with a Delhi court on Wednesday setting aside the Central Bureau of Investigation's closure report giving clean chit to him and ordering reopening of investigation into the killing of three persons.
A local court on Thursday reserved its order for October 30 on a plea filed by Zakia Jafri, wife of the slain former Congress MP Ehsan Jafri, seeking more time to file 'protest petition' against the closure report of special investigation team which gave clean chit to Gujarat Chief Minister Narendra Modi and others in 2002 riot cases.
The minister said it was important to have a flag carrier.
The DG said that the previous government was wary of constructing roads near the Line of Actual Control.
The heaviest rainfall began to ease across hard-hit portions of Manhattan and Brooklyn late Friday morning, but another round is expected in the afternoon and could reinvigorate dangerous flooding.
Lawyer Prashant Bhushan on Friday said he will file a contempt of court case against Amar Singh and police officials in connection with the controversial CD purportedly featuring his father and prominent jurist Shanti Bhushan.
