The value of private equity (PE)-backed mergers and acquisitions (M&As) in India reached a six-year low during the first seven months of the current calendar year, amid ongoing global uncertainties. The total value of these deals stood at $6.2 billion during the period, down from $9 billion in the same period last year, and lower than the $14 billion recorded during the corresponding period in 2019, according to data from LSEG Deals Intelligence. PE funds pool capital from investors, including high-net-worth individuals, to invest in high-return opportunities.
The Delhi Police in its remand paper submitted late Saturday evening seeking seven days custody of Delhi Chief Minister Arvind Kejriwal's aide Bibhav Kumar regarding the alleged assault on Aam Aadmi Party Rajya Sabha member Swati Maliwal said that it was a 'serious case' where the 'brutal assault' could have turned 'fatal'.
The CBI had initiated action in a secret operation last month in which two retired Navy personnel and as many private persons in addition to the Navy officer were taken into custody, they said.
In an order issued on Saturday, the senior superintendent of police (SSP), CID, Special Branch (SB), Kashmir, has directed all the field units under it to ensure that the person's involvement in law and order, stone-pelting cases, and other crime prejudicial to the security of the state be specifically looked into during verification related to passport, service and any other verification related to government schemes.
Aaftab Amin Poonawalla, accused in the horrific Shraddha Walker murder case who was arrested recently, had attempted to mislead the police of Delhi and Mumbai in the initial days of the investigation.
The survivor, in her plea, also raised serious allegations against the trial court saying the presiding officer has some "vested interest to save the culprits".
Punjab Director General of Police Guarav Yadav said Sanjeev Singh was nabbed from Arunachal Pradesh.
Tamil Nadu Director General of Police C Sylendra Babu on Thursday said a thorough investigation into the circulation of fake videos of alleged attacks on migrant workers in the state would reveal the real reason behind rumour-mongers spreading it.
'Whether I am optimistic or pessimistic is not the issue; I am just going by the evidence available.' 'The Indian economy and financial sector are now well-placed and very resilient in dealing with any kind of spillover coming from the external world.'
The CBI has registered 11 cases against cyber criminals involved in financial fraud using the internet and the agency conducted searches at 87 locations while 28 locations were raided by the state police forces, they said.
A key indicator of corporate efficiency may now be better than at any time since the turn of the millennium. The net working capital cycle - a crucial measure that tracks the time a company takes to convert current assets like inventory into sales and then collect the money from customers - has seen remarkable improvement. According to data from the Centre for Monitoring Indian Economy (CMIE), the average company needed nearly 90 days to complete this cycle in 1999-2000.
Following are the key points of the three criminal law bills, that were passed by the Lok Sabha on Wednesday and seek to replace the Indian Penal Code (IPC), the Code of Criminal Procedure (CrPC) and the Evidence Act.
The swindled amount is nearly half of WazirX's total assets.
The case posed unique challenges, such as a lot of evidence having blown to pieces in the suicide attack and seven accused being subsequently killed in encounters. However, the central agency used forensic tests including DNA profiling of the meagre evidence to breach the dead ends.
India's consumer digital economy which was pegged at $85-90 billion in calendar year 2020, is expected to become a $800 billion market by 2030, according to reports released by consulting firm RedSeer at its flagship event Ground Zero 5.0. The digital economy includes 60 per cent of travel, 40 per cent non-grocery retail, 30 per cent of education, 25 per cent of food and beverages services and 6 per cent of pharma/grocery going through digital channels by calendar year 2030. Online retail is set to become the third-largest market by scale by CY30 with an annual gross merchandise value (GMV) of $350 billion in CY30, said RedSeer.
Data from Amfi shows that NAV of every one in two BAFs declined 1.5% or less on Monday compared to a 3.13% decline in Nifty 500.
The now-scrapped Delhi Excise Policy 2021-22 was brought in by the Aam Aadmi Party leadership, specifically former excise minister Manish Sisodia, to 'continuously generate and channel illegal funds' to themselves, the Enforcement Directorate said in its latest chargesheet in this money laundering case.
'While criticising India's high tariffs, Mr Trump stated he would impose reciprocal taxes on Indian products if re-elected.' 'However, since India's tariffs follow WTO rules, Mr Trump's actions would violate these rules,' Ajay Srivastava points out.
The federal agency issued a summons to Vaibhav Gehlot (43) last week, asking him to appear before the investigating officer of the case at its headquarters on A P J Abdul Kalam Road here under the provisions of the Foreign Exchange Management Act.
Special Commissioner of Police (Law and Order) Sagar Preet Hooda said fresh charges could be added against the five accused arrested in connection with the case on the basis of the post-mortem report.
Numbers could be classified further into (140) marketing and (160 or 161) for service calls to easily identify the purpose of the call in the future.
A court in New Delhi on Wednesday granted the National Investigation Agency (NIA) 10 days' custody of two people accused in a case related to NGO terror funding.
Screen time, referring to the time children spend watching television or playing computer games, was found to impact the development of executive functions of brain such as working memory, planning and responding flexibly to changing situations.
The blood samples of the mother of the juvenile allegedly involved in the May 19 Pune Porsche crash case were collected on Monday for DNA testing, a police official said.
Digital literacy is emerging as the professional language of 2024. It is the ability to process complex data sets, deploy critical communication technologies appropriately and validate your importance at your workplace, explains Jagdeep Kochar, managing director, Baker & Taylor India.
The Securities and Exchange Board of India (Sebi) could soon issue interim orders imposing a market ban on the two former fund managers of Axis Mutual Fund (MF) for suspected front-running of trades, said people with knowledge of the development. "The market regulator has gathered prima facie evidence that demonstrates that the duo has violated the integrity of the market. "While a detailed investigation is still pending in the matter, Sebi could take action under Section 11 (4) to prevent further harm to the investors and the securities market," said a source.
The Delhi police has arrested three more people in connection with the communal clashes in Jahangirpuri, including a key "conspirator and executor" who was nabbed from West Bengal, officials said on Thursday.
"The investigation has revealed that Singh had assured to get changes through Manish Sisodia in the then proposed Excise Policy of 2020-21 to increase the brand registration criterion for IMFL brands at the behest of Amit Arora and Dinesh Arora.
Digital services work best when the seller designs a system where default options are designed to help the buyer, says Debashis Basu.
'The West has always opposed a strong nationalist leader in India and Narendra Modi is no exception.' 'The West prefers weak leaders who are amenable to Western pressure and Mr Modi's independent stance is not to the liking of the West,' asserts Colonel Anil A Athale (retd).
The investigation agency said during the custody, Suresh had disclosed that she had kept proceeds of the crime at the bank lockers and invested as deposits in various banks.
Paytm, the country's leading fintech player which had to shut its payment bank business following regulatory action, is revisiting its business strategy including partnership with lenders. Also, the company's founder and chief executive officer (CEO) Vijay Shekhar Sharma has decided to oversee the day-to-day operations with all the major verticals reporting directly to him now. "The thing on top of everyone's agenda is getting the core businesses back on track," a person in the know said.
As soon as the Question Hour ended, Congress' Leader of the House Adhir Ranjan Chowdhury demanded that a discussion on the 'Indo-China border situation be held', saying late Prime Minister Pandit Jawaharlal Nehru had allowed a discussion in Lok Sabha on the India-China war in 1962.
The raids that were launched at 22 premises of the group and the brokers on September 28 are underway, the statement by the Central Board of Direct Taxes said.
The police suspect a virtual private network was used for uploading the Facebook post, allegedly by Anmol Bishnoi, the brother of jailed gangster Lawrence Bishnoi on Sunday, he said.
Special Judge Kaveri Baweja at the Rouse Avenue court said Kejriwal will be produced before the court on March 28 at 2 pm.
Mumbai-based developers Macrotech Developers (Lodha) and Oberoi Realty have emerged as top gainers among largecap realty stocks over the past month, with gains ranging from 29 per cent to 33 per cent. Strong ongoing sales trends in Mumbai's core market, record bookings in the January-March quarter, and healthy guidance for 2024-25 (FY25) have propelled these companies, which derive the majority of their revenues from India's financial capital.
Pacer Pooja Vastrakar ran riot with a career-best bowling show of 4 for 13 before Smriti Mandhana shone with the bat, scoring an unbeaten half century, as India thrashed South Africa by 10 wickets in the third and final women's T20 International to level the series 1-1, in Chennai, on Tuesday.
The income and profits shown by various BBC group entities are "not commensurate" with the scale of their operations in India and tax has not been paid on certain remittances by its foreign entities, the income tax authorities said Friday, a day after they ended a three-day-long survey operation against the British media organisation.
The manual has a new chapter on procedures to be followed while conducting investigations abroad and coordinating and operating with Interpol.
