A new regulation concerning the disclosure of family arrangements by listed companies is exacerbating rifts between feuding shareholders. The latest example is Bengaluru-based TD Power Systems (TDPS), currently enmeshed in a legal dispute before the Karnataka high court over ownership of its 16 per cent equity. Vijay Kirloskar, who is asserting a claim over the 16 per cent stake held by Mohib Khericha (chairperson of TDPS) and Nikhil Kumar (managing director of TDPS and nephew of Kirloskar), has sent a letter to the market regulator, Securities and Exchange Board of India (Sebi), and stock exchanges. He accuses TDPS of insufficient disclosure concerning shareholder agreements.
Modi will unfurl the national flag and deliver the customary address to the nation from the ramparts of the historic monument.
At the current market price of the stock, that stake would be valued at about $1.5 billion.
Terming such 'unwarranted interference' detrimental to the timely response by security forces, the Army's Spears Corps shared a video on Twitter late on Monday of some such incidents.
Corporation Bank has decided to slash interest rates on home, car and educational loans with effect from September 1 for a three-month period.
Prime Minister Narendra Modi conveyed to Chinese President Xi Jinping India's concerns on the "unresolved" issues along Line of Actual Control (LAC) in eastern Ladakh during a conversation on the sidelines of the BRICS summit, Foreign Secretary Vinay Mohan Kwatra said on Thursday.
America's Federal Bureau of Investigation has started inquiry into allegations that media mogul Rupert Murdoch's News Corp tried to hack into the phones of 9/11 terror attack victims, media reports have said.
TVS Motor Company has been one of the best-performing two-wheeler stocks in the current financial year (FY24), enriching investors with gains of 24 per cent. Among listed two-wheeler stocks, only Hero MotoCorp has done better in this period. New launches, market share gains, steady margins and expectations that its performance will continue in FY24 are expected to support TVS Motor's stock.
According to the Army, the 'Dare Devils' consist of volunteer dispatch riders who are not only proficient in their trade but also possess self-determination, mental alertness, unmatched courage, physical stamina and precision in handling of motorcycles'.
E-sports experts say the burgeoning sector will not be affected by the Goods and Services Tax (GST) Council's recent decision to levy a blanket 28 per cent tax on online gaming, which is being viewed by the industry as a death blow to gaming companies.
Tata Sons chairman Natarajan Chandrasekaran was paid Rs. 113 crore as remuneration for 2022-23 (FY23), including Rs. 100 crore as commission on profit. Chandrasekaran, 60, often referred to as Chandra, received a remuneration of Rs. 109 crore in 2021-22 (FY22). With this, Chandra has emerged as one of the highest-paid chief executive officers (CEO) in Corporate India for FY23.
'Captain Barak became the first woman officer to join the Army Aviation Corps as a combat aviator after successful completion of the combat army aviation course.'
It was a joint operation by the army and Jammu Kashmir Police carried out on the intervening night of July 16-17 in the Krishna Ghati Sector of Poonch district, he said, adding arms and ammunition were also recovered from the site.
The Trans-Lagrangian Point 1 Insertion manoeuvre marks the beginning of the spacecraft's about 110-day trajectory to the destination around the L1 Lagrange point, a balanced gravitational location between the Earth and the Sun.
Global media watchdog Reporters Without Borders (RSF), which publishes a yearly report on press freedom in countries across the world, had last year ranked India at 150 in a survey of 180 countries.
The government's target of hitting $52 billion to $58 billion in mobile phone exports in FY26 has been faltering; an Indian corporate group with financial muscle will help.
For someone like me who studied Sam so intently, if a lump could form in the throat during the emotive scenes, I think the cast did a superb job, notes Lieutenant General Syed Ata Hasnain (retd).
'Replacement of the CM with a more acceptable face may be a good start towards resolving Manipur's problem.'
As part of the deradicalisation strategy, the army, with the cooperation of the Union Territory administration, has undertaken a series of initiatives.
Revenue from the gaming and hospitality segment grew 13.75 per cent.
The National Company Law Tribunal (NCLT) has reserved its order on the merger of Zee Entertainment Enterprises and with Culver Max Entertainment (earlier known as Sony Pictures Networks India). The Mumbai bench of NCLT, comprising H V Subba Rao and Madhu Sinha, reserved the order on Monday, after hearing arguments from creditors who objected to the scheme including Axis Finance, JC Flower Asset Reconstruction Co, IDBI Bank, Imax Corp and IDBI Trusteeship. In December 2021, Zee Entertainment and Sony Pictures had agreed to merge their businesses.
Realty major DLF's chairman Rajiv Singh remains the wealthiest Indian real estate entrepreneur with a wealth of Rs 59,030 crore, according to GROHE-HURUN India. With a wealth of Rs 42,270 crore, Mangal Prabhat Lodha and his family of Mumbai-based Macrotech Developers (Lodha Group) is at the second position. Arjun Menda & family of Bengaluru-based RMZ Corp debuted at the third position on the list, with a wealth of Rs 37,000 crore.
Learning perhaps from the Kargil debacle, Musharraf tried hard to evolve as a statesman in his dealings with India, recalls Rana Banerji, who headed the Pakistan desk at RA&W.
Indian Army personnel on Wednesday conducted yoga sessions at more than 100 locations along the country's land and maritime borders, forming a 'Bharatmala' on the occasion of the International Day of Yoga.
Abhishek Chinnappa/Getty Images captures glimpses of the dress rehearsal in Bengaluru, January 24, 2023, for the parade to celebrate Republic Day.
Can Bhavish Aggarwal upend the electric two-wheeler market, which is now overwhelmingly in favour of scooters?
In its first overseas acquisition after parting ways with Honda, country's largest two-wheeler maker Hero MotoCorp (HMC) on Monday said it has picked up 49.2 per cent stake in US-based high-end motorcycle maker Erik Buell Racing (EBR) for $ 25 million (about Rs 148 crore).
According to police, over 500 miscreants from Pakistan Tehreek-e-Insaf (PTI) party reached the Model Town Lahore residence of the prime minister in the early hours of Wednesday and set ablaze vehicles parked over there.
Chinese foreign ministry spokesperson Mao Ning told the media in Beijing on Monday that the two sides held an in-depth exchange of views on expediting the resolution of relevant issues.
Another soldier was seriously injured in the incident and was evacuated immediately to the Army Hospital at Rajouri, they said.
'Gorkhas are terrific soldiers. They are known the world over for their fighting qualities.'
Nearly 98% of shareholders vote in favour of his reappointment and payment of remuneration to Lodha.
Housing sales rose 8 per cent annually during the April-June period to 80,250 units across eight major cities, mainly on increased demand in Mumbai and Pune, according to PropTiger. Sales stood at 74,320 units in the year-ago period across primary (fresh sales) residential markets of the top eight cities. The housing brokerage firm on Wednesday released its Real Insight Residential - April-June 2023 report, stating that housing sales rose in three cities Mumbai, Pune and Ahmedabad but declined in other five major cities -- Delhi-NCR, Bengaluru, Hyderabad, Chennai and Kolkata.
The limited availability of flexible (flex)-fuel vehicles in the Indian market and the slow rollout of ethanol-blended petrol by oil-marketing companies (OMCs) remain major obstacles to achieving widespread use of biofuels in the transportation sector in India. Recently, two Union ministers have emphasised India's biofuel potential, arguing that it has the capacity and potential to lead a transition towards widespread biofuel adoption. Road Transport Minister Nitin Gadkari signalled that this transition is well underway and urged car manufacturers to quickly adapt and introduce new biofuel-run vehicles, lest the government resort to taxing diesel vehicles.
Security forces which tried to quell the mob were forced to use force and fired tear gas shells at the mob at New Checkon in Imphal, they added.
State-owned ONGC and Oil India Ltd (OIL) are likely to buy a 10 per cent stake in Indian Oil Corp (IOC) from the government at Rs 220 per share, aggregating about Rs 5,300 crore (Rs 53 billion).
The Indian Army and the Indo-Tibetan Border Police were at hand to assist Amarnath yatra pilgrims on Monday, July 4, 2022.
Disney Star India, bought at a valuation of $15 billion, could be on the block for roughly one-third that amount.
The timing of these transfers, while being projected as routine, is significant in both strategic and political terms, asserts Rana Banerji, who headed the Pakistan desk at the Research and Analysis Wing, India's external intelligence agency.
The US Federal Reserve's interest rate decision, quarterly earnings of corporates and domestic macroeconomic data will influence trading in the equity market in a holiday-shortened week ahead, analysts said. Foreign funds' trading activity, monthly automobile sales data and global trends would also guide market movement this week, they added. Markets would remain closed on Monday on account of 'Maharashtra Day'.
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