'This mega corruption scandal, as certified by the Supreme Court, will expose the unholy nexus between the BJP and its corrupt corporate masters'
Black money Bill: Govt may widen disclosure window to 3-6 months.
Amid current geopolitical challenges and a slowdown in global growth, veteran emerging market investor Mark Mobius called India a safe haven for investors, backed by a stable government. The renowned investor, who is excited about the opportunities available in India, said the country is now the second largest in the portfolio of Mobius Capital Partners after Taiwan. Calling India a "land of opportunities and innovation", he said that his optimism about India is driven by the stable government and young demographic, with an average age of 27 years.
In its verdict last month, the top court directed the SBI to furnish the details to the Election Commission (EC) by March 6.
Under Sebi guidelines, AIFs can operate broadly in three categories.
This has affected all political activity of the party, Maken said at a press conference.
Holding that the electoral bonds scheme was not fool-proof, the Supreme Court said on Thursday that information about funds received by a political party is essential for voters to exercise their freedom to vote effectively.
Weeks after it revised the rating outlook of two companies of embattled Adani group, S&P Global Ratings on Wednesday said it is watching for additional information on the conglomerate's governance and funding for any ratings action. Investors, it said, seek clarity on the credit impact of a string of allegations against the group in a short-seller report published in late January, and on the findings of a recently launched Supreme Court investigation. S&P Global published an FAQ-style commentary titled, "Adani Group: The Known Unknowns".
A bench of justices Surya Kant and Dipankar Datta admitted the appeal filed by Ravindhranath against the high court order for hearing and issued notice to P Milany, who filed the petition challenging his election from the Theni constituency.
Alt News co-founder Mohammed Zubair, who is being probed for posting an alleged objectionable tweet against a Hindu deity in 2018, denied before the Delhi high court the claim of the city police that he posted content that triggers religious sentiments to gain popularity.
'Why should we disclose classified information to satisfy those who doubt our Hydrogen Bomb capability?'
Delhi Police has sought the help of its Lucknow counterparts to trace a 'cyclist cobbler' who created cavities in the shoes of Parliament security breach case accused Sagar Sharma and Manoranjan D to fit smoke canisters in them, sources said.
SBI has suggested that banks be exempted from handing over the complete forensic audit report to the borrower as it would hamper future investigation and forewarn the borrower by way of disclosure of confidential information.
Given the 2024 general elections, it is unlikely that the allegations around electoral bonds, raised by the Opposition, will disappear easily or with a shrug of the BJP's shoulders and fabled 56-inch chest, argues Shyam G Menon.
South Korean auto giant Hyundai Motor Company is considering tax implications of listing its Indian unit before taking a final call, according to sources privy to the development. Hyundai Motor is mulling an initial public offering (IPO) for its Indian arm to raise around $3 billion (at a valuation of up to $30 billion), and talks are in the early stages between the company and bankers, banking sources revealed. Hyundai Motor India Ltd (HMIL), however, declined to comment on the development.
The Delhi high court said on Friday the purpose of Right to Information (RTI) Act is to bring in transparency, and if any information has been sought, it should be made public unless exempted from disclosure under the law.
It is in power on its own only in three states -- Karnataka, Himachal Pradesh and Telangana -- with a big question mark on whether it can even stake claim to be head of the INDIA bloc.
Gandhi's attack came a day after Defence Minister Nirmala Sitharaman had refused to share the details of the deal on the grounds of security agreement signed between India and France.
A plea has been filed in the Supreme Court for initiation of contempt proceedings against the Securities and Exchange Board of India (SEBI), alleging it has violated the timeline for completing the investigation and submitting its report on the allegations of stock price manipulation by the Adani group. An application has been filed by PIL petitioner Vishal Tiwari saying that despite the deadline given to the SEBI it has failed to comply with the direction of the court and has not submitted the final conclusion/report as was directed by the court. It said by the order dated May 17, 2023, the apex court directed SEBI to submit its report till August 14, 2023.
The most important step is delivering what is needed -- a fairer IPO pricing, notes Debashis Basu.
Defence Minister Arun Jaitley on Tuesday ruled out the release of the classified Henderson Brooks Report on the 1962 India-China war that is said to be openly critical of the Indian political and military structure of the time, saying its disclosure would not be in national interest.
A voter's right to know is 'far too important' in democracy than the privacy of a donor, Supreme Court judge Justice Sanjiv Khanna said on Thursday as the apex court scrapped the 2018 electoral bond scheme for funding political parties.
Indians having undisclosed income in the United States (US) may face proceedings under Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015, this financial year. Also, those named in global leaks may be searched, show-caused, and prosecuted, according to the FY23 internal action plan of the Central Board of Direct Taxes (CBDT). The CBDT has rolled out an aggressive target and timeline to investigate tax evasion matters, especially those involving undisclosed foreign assets.
'Would @narendramodi allow his supporters to come and console or congratulate him in his bedroom, dressing room or the toilet?'
The Securities and Exchange Board of India (Sebi) has for the first time proposed to regulate online platforms offering fractional ownership in real estate, a model already popular in countries like the United States and UAE. In a consultation paper floated recently, the capital markets regulator stated that such fractional ownership of real estate assets was proposed to be brought as MSM (micro, small, medium) REITs under Sebi (Real Estate Investment Trusts) Regulations. This model allows investors to own a fraction or a small share in a real estate asset like buildings and office spaces, which could include warehouses, shopping centres, conference centres.
Meeting the disclosure norms isn't very easy.
The Supreme Court on Wednesday quashed the Centre's denial of security clearance to Malayalam news channel MediaOne, and pulled up the ministry of home affairs for raising national security claims in "thin air" without facts.
The Madras high court on Thursday declared invalid the 2019 election of expelled All India Anna Dravida Munnetra Kaahagam member O P Ravindhranath from Tamil Nadu's Theni constituency.
Market regulator Sebi on Monday moved the Supreme Court seeking 15 more days to conclude the ongoing probe into the allegations of stock price manipulation by the Adani group. The Securities and Exchange Board of India (Sebi), in its fresh application, said that it has examined and investigated 24 matters pertaining to the case. "Out of the said 24 investigations/examinations, 17 are final and complete and approved by the Competent Authority in accordance with Sebi's extant practice and procedures," the regulator said.
'Corporates who donated to political parties were guaranteed by the electoral bond scheme that their names and to who they were donating funds will be not disclosed.'
Auditor Deloitte flagged three transactions, including recoveries from a contractor identified in the Hindenburg report, as it issued a qualified opinion on the accounts of Adani Ports & Special Economic Zone.
The electoral bonds scheme for funding political parties should not become a tool for "legitimisation of quid pro quo" between power centres and people who are benefactors of that power, the Supreme Court said on Thursday as it underscored the need for reducing the cash component in the electoral process.
The Varanasi district court arrived at the decision of allowing 'puja' in a Gyanvapi mosque cellar in "haste", the All India Muslim Personal Law Board (AIMPLB) said on Friday, asserting it would pursue the matter right up to the Supreme Court.
The Delhi high court on Thursday asked Congress leader Rahul Gandhi to take down his social media post which revealed the identity of a minor Dalit girl, raped and murdered in 2021, so that the child's identity is protected worldwide.
In a damaging report ahead of the November 5 polls, a special United States counsel has said that President Joe Biden 'willfully' mishandled classified documents as a private citizen but concluded that it would be difficult to convict him as he comes across as an 'elderly man with a poor memory'.
A bench of Chief Justice Satish Chandra Sharma and Justice Sachin Datta issued notice to National Commission for Protection of Child Rights (NCOCR) and granted it four weeks to file a counter-affidavit in response to the petition.
The Supreme Court on Friday asked the Securities and Exchange Board of India (SEBI) what the capital markets regulator intends to do for ensuring the protection of investors from extreme volatility in the stock market.
A complaint has been lodged with the Election Commission against Trinamool Congress Lok Sabha member Mahua Moitra for allegedly filing false election affidavits and tax evasion.
The ministry is of the opinion that there is a need for a rigorous regime for large unlisted companies, in contrast with the current "light-touch" regulation. "There is a defined regime for listed companies, by the Securities and Exchange Board of India (Sebi). "There is a view in the ministry that it needs to look at a framework for large unlisted companies," the senior official said.
