Payments startup BharatPe on Tuesday said it has terminated several employees and vendors as well as filed criminal cases against them for misconduct besides deciding to claw back former founder Ashneer Grover's restricted shares in the firm. The steps have been taken by the company's board following a detailed corporate governance review against the backdrop of alleged lapses and misdoings during the tenure of Grover as managing director. IPO-hopeful BharatPe, which allows shop owners to make digital payments through QR codes, has implemented a new code of conduct for senior management and employees and brought in a comprehensive vendor procurement policy to avoid a repeat of alleged lapses that happened when Grover was managing director.
A Delhi court on Friday sent former Delhi deputy chief minister Manish Sisodia, arrested in a money laundering case related to the excise policy, to the Enforcement Directorate's custody till March 17.
In the document, the global body expressed concerns over the increasing use of Internet and other information and communications technologies, including social media platforms, for terrorist purposes.
The IED that pierced the rooftop of one of the IAF buildings at the Jammu airport carried less than one kg of RDX and a cocktail of other chemicals whereas the one that was dropped on the ground contained a little over one kg of the deadly explosives along with some ball bearings.
India's flagship motor show Auto Expo 2023 kicked off on Wednesday with the global unveiling of Suzuki Motor Corporation's concept electric SUV 'eVX' which is slated to hit the market by 2025. The company's Indian arm Maruti Suzuki India is among the major manufacturers participating in the show that has returned after three years. The Concept eVX is a mid-size electric SUV concept designed and developed by Suzuki Motor Corporation (SMC), Japan. It will be powered by a 60 kWh battery pack offering up to 550 km of driving range on single charge.
RIL subsidiary Reliance New Energy Solar, Ola Electric, Hyundai Global Motors Company and Rajesh Exports have been approved for receiving incentives under the Rs 18,100 crore Production Linked Incentive (PLI) scheme for battery manufacturing in India, sources said on Thursday. "The ministry had received bids from 10 companies with a capacity of 130 GWh. Reliance, Ola Electric, Hyundai and Rajesh Exports have qualified for ACC batteries," a source said. Other companies which had applied for the PLI scheme for Advanced Chemistry Cell (ACC) batteries were Lucas-TVS, Mahindra & Mahindra, Amara Raja Batteries, Exide Industries, Larsen & Toubro and India Power Corporation Limited.
Surplus liquidity in the banking system as measured by absorption of excess funds by the Reserve Bank of India (RBI) fell sharply at the end of the last week due to outflows on account of advance tax payments. According to the RBI data, the net liquidity absorbed by the central bank on September 16 was at Rs 3,243.57 crore, much lower than the average of Rs 56,809.92 crore in the preceding four days of the week. The average absorption of funds by the RBI so far in September is at Rs 1.13 trillion, against the average of Rs 1.2 trillion in the previous month, the data showed.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
The court framed charges against Aam Aadmi Party leader Tahir Hussain and 10 others in the case.
The anti-terror agency, while referring to the evidence on record, claimed Navlakha was working in urban areas and assigned the job to unite intellectuals against government forces to defeat them.
Justice Jasmeet Singh issued notice to Bagga on Swamy's petition challenging the summons issued to him for April 6 in the matter and said, "proceedings in the complaint case are stayed till the next date of hearing".
Chaudhary also said that 66 per cent of government-sponsored health insurance schemes in the country are being run by the central government. "When the COVID-19 pandemic started, a decision was made for sale of all medicines at the GST rate between 5 and 12 per cent and the GST rate for COVID-19 related medicines and instruments has been reduced to five per cent," he said during the Question Hour.
Ishtu is light on the tummy and usually served hot or warm. It goes well with idlis, dosas and appams.
Stock exchanges have increased scrutiny of investors domiciled in Sikkim, following reports of illegal routing of investments through the Northeast state to evade taxes. The National Stock Exchange (NSE) has directed its trading members (brokers) to re-verify and certify investors who have declared their permanent address as Sikkim. Further, brokers have been told to maintain a vigil on the location of devices used by Sikkim-based clients for trading to ensure these are genuine investors from the region.
After hearing a length petition filed by the Anjuman Intazamiya Masjid of Varanasi and other connected matters, Justice Prakash Padia adjourned the hearing of the case till July 6.
Mihir Tanna, Associate Director, S K Patodia & Associates, answers your tax queries.
Tamil Nadu's ruling Dravida Munnetra Kazhagam on Monday sought a review of the November 7 verdict of the Supreme Court which upheld 10 per cent reservation for the economically weaker sections (EWS) in educational institutions and government jobs that excluded the poor among the SC/ST/OBC categories, contending that it "legitimises discrimination".
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
Four Supreme Court judges and almost five per cent of its staff have tested positive for COVID-19, official sources said on Sunday, as the national capital witnesses a sharp spike in coronavirus cases.
This creamy, smokey pasta goes best with a glass of chilled white wine. Cheers!
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
A Delhi high court bench headed by Justice Mukta Gupta disposed of Imam's appeal for stay and requested the lower court to conclude on a "short date" the examination of the witnesses on which there is no dispute between the parties.
As much as Rs 26,697 crore was lying in dormant accounts of banks, including cooperative banks, as on December 31, 2020, Finance Minister Nirmala Sitharaman informed the Rajya Sabha on Tuesday. This money is lying in nearly 9 crore accounts which have not been operated for 10 years. As per information received from the Reserve Bank of India (RBI), as on December 31, 2020, the total number of such accounts in Scheduled Commercial Banks (SCBs) was 8,13,34,849 and the amount of deposits in such accounts was Rs 24,356 crore, Sitharaman said in a reply.
An officer and a jawan of the army were killed in a mysterious blast near a forward post along the Line of Control (LoC) in Rajouri district of Jammu and Kashmir on Saturday, officials said.
The country's largest carmaker Maruti Suzuki India on Monday said it has hiked prices of hatchback Swift and CNG variants of other models by up to Rs 15,000. The price change for Swift and all CNG variants is owing to an increase in various input costs, Maruti Suzuki India said in a regulatory filing.
A special National Investigation Agency court in Patna on Friday convicted eight operatives of the Jamaat-ul Mujahideen Bangladesh terror group for planting IEDs at the Mahabodhi temple complex in Bodh Gaya in 2018, an official said.
'It's important that every portfolio is well diversified.' 'My own portfolio is diversified across asset classes: 50% is in equity funds, 15% in international schemes, 25% in debt funds and 10% in sovereign gold bonds.'
Crisis-hit Punjab and Maharashtra Cooperative (PMC) Bank's takeover by the Unity Small Finance Bank (USFBL) came into effect on Tuesday, with the government notifying the scheme of amalgamation. PMC Bank branches will operate as USFBL branches from Tuesday onwards, the Reserve Bank of India (RBI) said in a statement on Tuesday. The takeover comes into force little over two years after the RBI superseded the board of the PMC Bank after financial irregularities came to light.
Two boys were seriously injured when an improvised explosive device hidden by militants near a stream went off.
Any vegetable, when stuffed in a wheat covering and fried crisp with ghee and served with a dab of white butter, becomes fit for a king's banquet.
Shinde's counsel said that any delay in the floor test would cause more damage to the democratic polity.
The DMK and its allies submitted a list of pending assembly bills with the Raj Bhavan.
Apart from Bengaluru, the other Indian cities featured among the top ten most congested cities globally are: Mumbai at fourth position with 65 per cent congestion (same as the traffic congestion level in 2018) followed by Pune at fifth place with 59 per cent congestion, and New Delhi at eighth position with 56 per cent congestion level.
Asserting that India's dedication to climate commitments is evident from its performance, Prime Minister Narendra Modi on Monday hoped that rich countries of G-7 will support India's efforts in combating climate change and invited them to tap the huge market for clean energy technologies emerging in the country. In his remarks at the session on 'Investing in a better Future: Climate, Energy, Health' at G7 Summit, Modi highlighted India's track record and said it has achieved the target of 40 per cent energy-capacity from non-fossil sources nine years before time. "The target of 10 per cent ethanol-blending in petrol has been achieved 5 months before time.
The Delhi high court has struck down a central government office memorandum requiring the judges of the Supreme Court and high courts to obtain political clearance for private visits abroad, saying that such a condition is "uncalled for" in view of the high offices the judges hold.
Saying that prison inmates do not cease to be human beings and can't be deprived of the fundamental right to life, the Bombay High Court on Thursday directed the Maharashtra government to transfer alleged Maoist leader Nirmala Uppuganti from jail to a hospice for palliative care on account of her terminal cancer.
Edtech unicorn Vedantu has laid off 424 employees, about 7 per cent of its workforce, according to a blog post shared by the Bengaluru-based firm. This comes as the focus in the edtech space has shifted to profitability, according to experts. The lay-off comes days after the company fired 200 contractual and full-time employees, at a time when offline schools and colleges are opening up and learning is evolving into a more nuanced blended delivery model with a mix of online and offline.
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