It is crucial to electoral democracy that the exercise of freedom to vote is not subject to undue influence, the Supreme Court said on Thursday while striking down as unconstitutional the electoral bonds scheme for political funding.
Adjusted for inflation, the earlier scheme would have collected Rs 25,000 crore.
If Hindenburg or its partner do not join the investigation, then Sebi may pass an ex-parte order against it, which may be enforced as a foreign award in US courts.
Amit A Shah holds a stake in 180 listed entities, according to data disclosed in his election affidavit.
"Fresh elections to the assembly should be held to enable people to elect a popular government in the state in accordance with law," the memorandum to the Haryana governor read.
Infrastructure Investment Trusts need to be listed on stock exchanges besides being subject to stringent disclosure norms including detailed provisions for related party transactions and valuation of assets.
A new schedule has been added to report income from cryptocurrencies and other Virtual Digital Assets.
From steel tycoon Lakshmi Mittal to billionaire Sunil Bharti Mittal's Airtel, Anil Agarwal's Vedanta, ITC, Mahindra and Mahindra, and a lesser-known Future Gaming and Hotel Services were among the prominent buyers of the now-scrapped electoral bonds for making political donations.
The Insurance Regulatory and Development Authority has tightened financial disclosure norms by asking general insurers to give details of the reserves maintained for claims that have been paid but not reported adequately in the books of accounts.
Tech giant Alphabet on Monday launched a privacy feature on its app marketplace Google Play Store that will require developers to give people more information about how apps collect, share and secure users' data. Users will start seeing the data safety section in Google Play on Tuesday, and developers are required to complete this section for their apps by July 20. As app developers update their functionality or change their data handling practices, they will show the latest in the apps' data safety section.
The change will help companies address market rumours without being worried about the impact on deal pricing.
Health insurance policy-holders will be able to avail a discount on the premium payable if there were no claims made in the previous year, according to the circular released by the regulator.
The Confederation of Indian Industry (CII) on Sunday urged Indian startups to keep their valuation "realistic" and distinguish between the goals of the organisation and its founder. "Startups may strive for long-term value creation rather than short-term valuations. "The valuations of businesses should be kept as realistic as possible," CII said in its Corporate Governance Charter for Startups.
Three leading domestic voting advisory firms are not on the same page over the proposed demerger and separate listing of ITC's hotel business, ITC Hotels. Institutional Investor Advisory Services (IiAS) has recommended a vote "against" the resolution, while InGovern and Stakeholders Empowerment Services (SES) have advised their clients to vote in favour. Voting on the resolution is currently underway.
Stock exchanges are expanding the buffet of index derivatives even as the number of stocks permitted to trade in this space, generating an average daily turnover of Rs 450 trillion, is shrinking. This week, the National Stock Exchange (NSE) started issuing futures and options (F&O) contracts based on the Nifty Next 50 Index, bringing the total count of index derivatives to five.
Social media platform X on Thursday expressed disagreement with the Indian government's order to block accounts and posts related to the ongoing farmers' protests and called for extending freedom of expression to the affected posts.
Civil Judge SS Jadhav, while holding Fadnavis nirdosh mukta (acquitted), noted that there was no "mens rea" (intention) on his part (to not disclose the relevant information).
Satyam fiasco may prompt market regulator to be stricter with promoters.
The Football Association (FA) have urged the Daily Telegraph to provide "full and unfettered disclosure of all available material" following allegations of corruption by the newspaper.
The disclosure by Chhagan Bhujbal that he resigned as a minister last November has put a focus on the Maratha quota tightrope the Eknath Shinde-led government is walking amid restlessness in OBCs, with Shiv Sena-Uddhav Balasaheb Thackeray claiming Bhujbal and the Bharatiya Janata Party are hand in glove.
The researchers of the Oxford and Duke University tracked changes to statements of historical performance of over 18,000 hedge funds recorded in publicly available hedge fund databases, at different points in time between 2007 and 2011.
The Congress on Friday alleged that the electoral bonds data has exposed 'corrupt tactics' of the Bharatiya Janata Party such as quid pro quo, seeking donations for the company's protection, kickbacks and money laundering through shell companies.
The insurance regulator's move to prod insurance companies to sell health products to all age groups, including those above 65, is aimed at increasing penetration though there would be challenges on pricing due to higher risk perception, experts said. While there was no regulatory cap on age for health insurance policies, most companies had an internal policy which did not allow them to sell health insurance products to persons over 65.
Observing that biased reporting gives rise to public suspicion that the person has committed an offence, a bench headed by Chief Justice D Y Chandrachud said media reports can also violate the privacy of a victim.
A magistrate court in Mumbai directed police to probe the complaint of a man who claimed some unknown persons had hacked his social media accounts by placing a microchip in his body.
The bench headed by Chief Information Commissioner Wajahat Habibullah was hearing RTI appeals against five public authorities, seeking disclosure of answer sheets of different examinations.
Key individual parties have cornered a larger share, with some favouring regional and others national players.
Bank of America has named Infosys McCamish Systems as a source of a data breach that it said affected 57,028 customers, as per documents submitted to the Maine Attorney General in the US. Infosys McCamish Systems (IMS) is an Infosys' step-down subsidiary. The notification, penned on behalf of Bank of America, describes the breach as an "external system breach (hacking)", while the information acquired has been mentioned as "name or other personal identifier in combination with: social security number".
The initial public offerings (IPOs) by small and medium enterprises (SMEs) hit a new high in 2023-2024 (FY24). In this financial year, data from the Prime Database showed that 190 companies raised Rs 5,579 crore through the SME IPO route. This financial year's tally bettered the fundraising in the previous financial year when 125 companies raised Rs 2,235 crore.
If not, it will trigger open offer and they will need to buy the mandatory minimum 26 per cent from public.
Tata Steel and Indian Hotels on Wednesday said they have always made all relevant disclosures and have no further comments to offer following comments made by ousted Tata Group chairman Cyrus Mistry that Tata group firms could face a potential USD 18 billion writedown.
IT services firm Infosys has said that a global company has decided to terminate a multi-year contract worth $1.5 billion with it. On September 14, 2023, Infosys announced a pact with a global company to offer enhanced digital experiences alongside modernisation and business operations services leveraging Infosys platforms and AI (Artificial Intelligence) solutions. In a BSE filing on Saturday, Infosys said the global company has now elected to terminate the Memorandum of Understanding (MoU) and the parties will not be pursuing the master agreement."
Recent disclosures allege large scale corruption, nepotism and kickbacks by Pakistan air chief Air Marshal Zaheer Ahmed Babar Sidhuin housing land deals in Islamabad and in buying of new aircraft, points out Rana Banerji, who headed the Pakistan desk at RA&W.
;The entire INDIA bloc, led by Rahul Gandhi, was against the bonds and they wanted the old system of cut money to rule over politics once again;
Among the assets in question include the Force India and Indian Empress super-yacht - which was fitted with an Elton John piano around 2015, a fleet of high-value cars and some artwork from Mallya's Ladywalk property in the English village of Tewin in Hertfordshire.
Unfazed by the attacks on him by the Congress leadership for his book which was sharply critical of Sonia Gandhi, Natwar Singh has decided to write a sequel "which will have many more disclosures".
A plea has been filed in the Supreme Court seeking review of its January 3 verdict by which it refused to transfer the probe into allegations of stock price manipulation by the Adani Group to a special investigation team or the CBI. In a significant win for the Adani Group, the apex court had declined to order a CBI or SIT probe and said in its judgement that market regulator Sebi was conducting a "comprehensive investigation" into the allegations and its conduct "inspires confidence".
Policy owners need to avoid errors on their part to prevent claims from being denied.
The premises are alleged to be of the domestic help of Jharkhand Rural Development Minister Alamgir Alam's personal secretary Sanjiv Lal.
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