Independent directors of Raymond Ltd on Friday said they are monitoring the situation arising out of the matrimonial dispute of company's Chairman and Managing Director Gautam Singhania to ensure it does not affect his capacity to manage the affairs and business of the firm. In a joint communication shared on BSE by the company, the independent directors also said they have decided to retain Berjis Desai, a senior independent legal counsel, who has no links with promoters or the company, for advising them.
'They are from the north, east, west, south and northeast part of India. They will be the 'mukhya yajmaan' (main hosts)'
The Bharatiya Janata Party is hopeful that the issue will come handy to its efforts to gain political traction in Dravidian state as it gears up for the Lok Sabha polls.
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.
"Reaching an international agreement on how large digital companies are taxed has been a priority for the chancellor since he took office," said a spokesperson for his UK treasury office. "The chancellor's consistent position has been that it matters where tax is paid, and any agreement must ensure digital businesses pay tax in the UK that reflects their economic activities. That is what our taxpayers would expect and is the right thing," the spokesperson said.
An Extraordinary General Meeting (EGM) of Byju's shareholders got underway on Friday to vote on a resolution brought by some investors to ouster founder CEO Byju Raveendran and his family over alleged "mismanagement and failures". Raveendran and his family stayed away from the EGM, calling it "procedurally invalid."
Four Hinduja brothers -- Srichand, Gopichand, Prakash and Ashok -- had in 2014 signed on a document saying the assets held by one brother belong to all, and that each of them will appoint the others as their executors. But now family patriarch Srichand Hinduja, 84, and his daughter Vinoo want the letter to be declared of "no legal effect" and the family's assets be separated as per his wish of 2016.
The Supreme Court asked its registry officials on Wednesday to comply with a recent order of the court in which it was directed that the practice of mentioning the caste or religion of litigants must be shunned.
Modi also alleged the opposition grouping will end the reservation given to SC, ST, OBC and give all of it to Muslims.
'The Cauvery river has become excessively politicised by all political parties.' 'They see a vote bank in an emotive issue of this kind.'
rediffGURU and financial planning expert Colonel Sanjeev Govila (retd) answers your personal finance-related questions.
Before ending his life on Monday, Meena recorded a video alleging Joshi and a few other people had caused problems to him because of which he was forced to kill himself.
The Supreme Court on Friday refused to pass any order on a plea alleging that former IPL commissioner Lalit Modi made "scurrilous" remarks against former attorney general and senior advocate Mukul Rohatgi in a social media post.
On the possible motive behind the murder, Prabhat said the temple was embroiled in a land dispute.
In a new twist to the gas dispute between Ambani brothers, the fertiliser ministry on Monday said private family agreements cannot over-ride national priorities.
The petitioners seeking reconsideration by a larger bench, the observations made by it in a 1994 verdict that a mosque was not integral to Islam.
Following the murder of Santhosh Shanur, around 150 people belonging to the victim's community gathered near the houses of the ten accused and pelted stones on Sunday.
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.
The meteoric rise of Shajahan Sheikh from a modest background of a helper in a local transport company to becoming the so-called 'tiger' of Sandeshkhali is what Bollywood film scripts are made of. And so does his fall.
The billionaire Mistry family's estate is likely to soon change hands. The assets in the name of Cyrus Mistry, who died in September last year, may soon be divided equally among his wife Rohiqa and sons Firoz and Zahan, according to sources. The reorganisation will also include the 9.2 per cent stake in Tata Sons, which is currently in Cyrus Mistry's name and held through his investment company Cyrus Investments.
Sources said the panel has also recommended that boys and girls will have equal inheritance rights, registration of marriages will be made mandatory and the marriageable age for girls would be increased so that they can become graduates before marriage.
In this weekly self-help series, mental health and life coach Anu Krishna tells you how to take control of your life.
'Sharing of water from a river which flows through several states is a crucial challenge which comes in the way of maintaining the spirit of good neighbourly relations.'
'Being financially independent is crucial.' 'This spares women a lot of grief if the marriage, especially in large business families, breaks down.'
If Modi wants to leave a real legacy, breaking India's strategic triangulation would be the real gift, notes Shekhar Gupta.
Cash-strapped edtech firm Byju's' parent company said on Monday it will raise $200 million by way of a rights issue to all its equity shareholders, aiming to support growth and achieve operational sustainability. The proposed rights issuance by Think and Learn Private Limited (TLPL) will fund capital expenditure and support general corporate purposes. As the largest shareholders, the founders of Byju's have personally invested more than $1.1 billion in the company in the last 18 months.
His five-year rule saw the Babri Masjid demolition, the rise of the saffron forces and also the country being placed firmly on a new economic path, away from the Nehru years of public sector socialism.
Targeting opposition parties, Adityanath alleged the agricultural land on which tribals used to practice traditional agriculture was registered "in the name of a Congress leader in a wrong way in 1955". He also claimed that the village head and his brother involved in the incident were associated with the Samajwadi Party.
The incident took place when the policemen went to arrest some Nihangs (Sikhs armed with traditional weapons) in Sultanpur Lodhi in a case registered against them, said a senior police official over the phone.
The bitter dispute in the Ranbaxy promoter family took an ugly turn on Wednesday with one section approaching the police against the other, alleging 'illegal construction' at the palatial family house in the heart of the city.
Municipal corporations penalise late property tax payments. 'Penalties can include attachment of properties, bank accounts, rent and other movable assets," says Anand Moorthy, co-founder, Square Yards.
In a major victory for the Hindu side, a Varanasi court on Wednesday allowed Hindu devotees to offer prayers inside the 'Vyas ka Tekhana' area inside the Gyanvapi mosque complex.
The 55-year old man got angry during the proceedings and after coming out from the court, took out his rage on the judge's car that was parked inside the Thiruvalla court complex here on Wednesday.
Sayed Zabiuddin alias Abu Jundal's first brush with the law came at the age of 22 when he was arrested in Maharashtra in 2003 for allegedly stabbing a woman with whom his family had a marital dispute. Zabiuddin, the arrested key handler of 26/11, had attacked Fateema Sheikh Jaleel with a sword and also attempted to burn her, according to Maharashtra police sources.
The judge said the defendant woman being a homemaker, though she did not make any direct financial contribution, she played a vital role in managing the household chores by looking after the children, cooking, cleaning and managing day-to-day affairs of the family without giving any inconvenience to the plaintiff who had gone abroad for work.
In a meeting mediated by Union Minister of State for Home, Khiren Rijiju, the Chief Ministers of Assam and Nagaland, Tarun Gogoi and T R Zeliang, on Thursday promised to take joint efforts to resolve the vexed boundary dispute.
In a joint statement after their talks, President Biden and Prime Minister Modi expressed their deep concern over the conflict in Ukraine and mourned its terrible and tragic humanitarian consequences.
There is no immediate Israeli confirmation of the truce extension but Hamas issues its own statement confirming as much, crediting the Qatari and Egyptian mediation efforts, it added.
The mayor of Chittoor was on Tuesday stabbed to death and her husband seriously injured by unidentified assailants, in an attack suspected to be a fallout of a family dispute, the police said.