Rajya Sabha on Tuesday passed a bill to regulate the appointment and service terms of Chief Election Commissioner and election commissioners incorporating key amendments like retaining their status at par with Supreme Court judges, upgrading the search committee and inserting a new clause to protect them from court cases while discharging their official duties.
Sashidhar Jagdishan, managing director and chief executive officer of HDFC Bank, the largest private-sector lender of the country, has just completed his first term. The period October 2020-October 2023 was a roller coaster, and the second one, which started on October 27, could be more interesting as the lender absorbs the impact of the merger of HDFC, which was integrated on July 1, and moves to the next growth phase. Soon after he took over the reins from Aditya Puri on October 27, 2020, the Reserve Bank of India (RBI) debarred HDFC Bank from enrolling new credit card customers and launching new products under the Digital 2.0 programme due to repeated outages on its mobile-banking and internet-banking platforms.
The widely expected development underlines the party's preference for continuity as it gears up for the all-important Lok Sabha polls next year, expected in April-May.
Russian figure skater Valieva banned for doping, ROC loses Olympic gold
'Not even a single rupee from the electoral bonds should be allowed to be used in the election.' 'If it is used in the election, it will taint India's electoral process itself.'
Investors can sell a part of the stocks, mutual funds, exchange-traded funds, and other securities held in their portfolios at a loss and use this loss to offset tax on the capital gains made on the sale of other securities.
They described the functioning of the interlocking system which prima facie seemed to have been part of the problem which led to the accident, in which at least 275 people were killed.
Stocks of defence-related companies have been firing on all cylinders on the bourses in calendar year 2023 (CY23). Shares of Hindustan Aeronautics (HAL), Bharat Electronics (BEL), Bharat Dynamics (BDL), Data Patterns, MTAR Tech, Cochin Shipyard and GRSE have rallied in the range of 21-96 per cent so far this year. By comparison, the BSE Sensex is up 8 per cent. The gains have been sustained on the back of robust export opportunities, a healthy project pipeline and the government's continued push for local manufacturing and indigenisation of defence equipment.
To provide more choices to customers, the Reserve Bank of India has suggested mandating bank and non-bank card issuers to issue debt, credit and prepaid cards on more than one network. Customers can choose any one either at the time of issue of the card or anytime later, according to draft norms released by the Reserve Bank of India on Wednesday. The RBI said card issuers would also be barred from signing agreements that limit their ability to tie-up with other card-networks, according to the draft.
Find out whether the fund is equity, debt, or hybrid oriented. 'Understand the portfolio composition and whether it suits your risk appetite and horizon.'
IOC urges IOA to appoint CEO quickly, asks it to settle wrestling issue by following UWW rules and directives
The stock of fast-moving consumer goods major Tata Consumer Products has been reaching new all-time highs on better-than-expected results for the July-September quarter (second quarter, or Q2), strong growth in the food business, and margin gains in the beverage/international business. Most brokerages are positive on the stock, given growth prospects, and believe that rich valuations are justified. The near-term trigger has been the robust operational performance in Q2.
Air India on Friday said it has completed the acquisition of its first A350-900 aircraft by way of a finance lease transaction with HSBC through the GIFT City. This is also the first wide body aircraft to be leased through the GIFT City, the country's first International Financial Services Centre (IFSC). In a release, the airline said the transaction was facilitated by its wholly-owned subsidiary AI Fleet Services Ltd (AIFS) and is also the first financing transaction from the orders for 470 aircraft that were made earlier this year.
Bangladesh vice-captain Najmul Hossain Shanto says the team is hoping to benefit from the inputs it is receiving from technical consultant Sridharan Sriram in the World Cup matches, including Friday's game against New Zealand.
It is 10 years since Bandhan Financial Services became the first microfinance institution (MFI) to receive the universal bank licence. A year later, in 2015, it started operations. Bandhan's entry into banking was seen as a vote of confidence by the Reserve Bank of India (RBI) for the country's microfinance sector. Subsequently, the RBI awarded small finance bank licences to nine MFIs.
It was a special-purpose mobile gantry crane used in bridge construction and to install precast box girders in highway construction projects.
'I guess you recognise as a coach that once the game starts, once the guys cross the line, there is only so much you can do. As coaches, we don't score a single run or take a single wicket in the tournament. All we can do is really support the players.'
WikiLeaks founder Julian Assange on Monday expressed fears in a British court that he could be taken against his will to the United States and executed if he is extradited to Sweden.
The CBI has charged the accused under Indian Penal Code Section 304 part II (culpable homicide not amounting to murder), Section 34 read with 201 (common cause read with destruction of evidence) and 153 of the Railways Act.
The court said that in the instant case the investigating officer adopted a "lethargic attitude" throughout the investigation.
The government questioned the manner in which Twitter "officially allows fake, unverified, anonymous and automated bot accounts to be operated on its platform" and said it raises doubts about its commitment to transparency and healthy conversation on the platform.
rediffGURUS Ashwini Dasgupta, Kanchan Rai and Rajesh Nair offer important career advice.
'We like certain stocks from banking, insurance, retail, hospitals and capital goods.' 'Though some of these stocks may seem expensive, they will compound well over the long term, thus justifying their current multiples.'
A revealing excerpt from Mani Shankar Aiyar's fascinating new book, The Rajiv I Knew.
In a surprise development, Pakistan Muslim League-Nawaz on Tuesday nominated its president Shehbaz Sharif as the prime ministerial candidate of Pakistan instead of the party supremo and three-time former premier Nawaz Sharif.
The S&P BSE Sensex and the Nifty50 have hit record highs amid the poll outcome-triggered bull frenzy at the bourses. Most analysts feel that the indices are on course to rise further over the next few months - till the general elections - albeit amid intermittent corrections - largely triggered by global developments. Bharatiya Janata Party's (BJP's) win in the three state elections of Madhya Pradesh (MP), Rajasthan and Chhattisgarh, analysts at Jefferies believe, reinforces the consensus expectations of a Modi win 2024 national elections with a greater likelihood of over 300 seats for the BJP.
Lewis Hamilton vowed to continue speaking out despite Formula One's governing body clamping down on drivers
'There is no scope for any doubt. This was a scheme designed to enrich the ruling party.'
According to a source at Bytedance, the company held a town hall on Wednesday where it communicated news about the closure of India business to its employees.
Quick commerce startups hope to race towards better days. Can they crack the execution code?
The bulk of an investor's portfolio should be in shorter-duration funds of up to one year portfolio duration.
The intelligence updates, dated September 28 and October 5, indicated that Hamas was preparing to escalate rocket attacks across the border. An October 5 wire from the CIA warned generally of the increasing possibility of violence by Hamas.
Terming "Indian aggression" as a threat to the entire region, Prime Minister Nawaz Sharif on Friday warned that Pakistan is also capable of executing surgical strikes and will not allow anyone to "cast an evil eye" on it.
The two men had been found guilty of crimes against the civilian population of the town of Dujail in 1982.
Why you should always choose floral dresses.
Australia captain Michael Clarke expressed unhappiness with his bowlers after the three-wicket defeat to Sri Lanka in Hobart on Friday. Despite posting a competitive 280 on the board in the league match of the ongoing ODI tri-series the Aussies ended up on the losing side.
Even though Bharat Forge's performance in the July-September quarter broadly met Street estimates and defence orders are on the rise, the subdued outlook for its global business has prompted some brokerages to adopt a cautious stance on the company. Analysts have reduced the company's earnings per share (EPS) estimates to account for the slow recovery of its overseas subsidiaries. Valuations are also trading at long-term averages, which could limit potential upsides.
Info Edge (India) reported good Q2FY24 results with hiring across other segments helping offset weak IT performance. The revenue increased 11.5 per cent year-on-year (Y-o-Y) to Rs 593 crore, (up 1.5 per cent quarter-on-quarter or Q-o-Q). The earnings before interest, taxes, depreciation, and amortization (Ebitda) margin was excellent at 40.7 per cent, up 200 basis points year-on-year (Y-o-Y).
There is no question of a Brexit-like referendum on the abrogation of Article 370 in Jammu and Kashmir, the Supreme Court said on Tuesday, as it grappled with the question as to whether its repeal was constitutionally legal.
The Delhi high court on Tuesday permitted the mother of a Kerala woman, who is on death row in Yemen for killing a Yemeni national, to travel to the West Asian country to negotiate about blood money with the victim's family and save her daughter from the gallows.
