We followed the highest standard of corporate governance and disclosures, says Nilekani.
Swiss building material major Holcim has said its $6.38 billion deal with Asia's richest man Gautam Adani's group is tax-free. Holcim had on Sunday signed a binding agreement with the Adani Group to sell its business in India -- about a 63 per cent stake in Ambuja Cement, which owns a 54.53 stake in ACC (of which 4.48 per cent is direct shareholding). "So, according to our analysis, it is a tax-free transaction," Holcim CEO Jan Jenisch said while addressing investors after the deal on Monday." When asked about the tax implications, he said: "Never know if any complication arises, but we assume that we will get the 6.4 billion Swiss Francs as net proceeds." As per the deal, Adani Group will acquire Holcim's full stake in Ambuja Cement and ACC for CHF (Swiss franc) 6.4 billion ($6.38 billion).
The former Union home minister claimed that the provisions in the bill can be misused as the police can arrest and take fingerprints and DNA samples of even those who are taking part in political rallies.
US e-commerce giant Amazon has written to the independent directors of Future Retail Limited (FRL), including Gagan Singh, Ravindra Dhariwal and Jacob Mathew, and its audit committee, providing data and alleging that there have been significant financial irregularities to the prejudice of public shareholders, banks, creditors, and third-party suppliers. Amazon has said this warrants a thorough and independent examination of all relevant facts and related-party transactions, including of past financial years, by an independent agency. Separately, Amazon has written to Securities and Exchange Board of India Chairman Ajay Tyagi, seeking the withdrawal of the regulator's conditional approval granted to FRL related to the merger deal between the Future group and Reliance.
"Is it duty of media to advise an investigating agency? It is the duty of the investigating officer to apply his mind (in the probe)," the court said. The judges made the comment when advocate Malvika Trivedi, representing a news channel which has been made a respondent, opposed the PILs.
Amid increasing cases of monkeypox being reported in non-endemic countries, the government on Tuesday issued guidelines directing district surveillance units to consider even one such case as an outbreak and initiating a detailed investigation through the Integrated Disease Surveillance Programme.
The presence of the virus is confirmed in the dead birds in Madhya Pradesh and Kerala while Himachal Pradesh, Rajasthan and Gujarat, too, have a strong suspicion of avian influenza in dead birds.
"We urge and expect the media to exercise restraint before publishing or reporting on details of the investigation, and report in such a manner that it does not hamper the investigation," the court said.
The statue of Gandhi, which was donated by the Indian government to the city of Davis, was installed by the city council four years ago amidst protests from anti-Gandhi and anti-India organisations.
The company said the committee, headed by independent director D Sundaram and assisted by independent legal counsel Shardul Amarchand Mangaldas & Co, and PricewaterhouseCoopers, found that the "allegations are substantially without merit".
'The right wing has worked for 70-80 years at the grass roots before it burst onto social media.' 'Social media is an extension of its formidable work in society.' 'If you think you can fight them on social media, forget it. You can't.'
The Bombay high court on Thursday asked the Union government to clarify whether "excessive" reportage by the press on an ongoing investigation amounted to interference in the administration of justice under the Contempt of Courts Act.
I don't think Rahul Mukerjea once referred to Sheena as killed or murdered and always referred to it as her disappearance. It felt like he still used the word 'disappear' because killed had a finality to it that he didn't want to face.
According to the study, 'mixed' schedules of these vaccines induced high concentrations of antibodies against the SARS-CoV2 spike IgG protein when doses were administered four weeks apart.
The Army has initiated general court martial proceedings against a captain for the killing of three men in a staged encounter in Amshipura in south Kashmir in July 2020 after a Court of Inquiry found that troops had 'exceeded' powers vested under the Armed Forces (Special Powers) Act, officials said in Srinagar on Sunday.
The BJP member also sought to put the LVB-DBS merger on hold in order to facilitate a forensic audit of the takeover of the assets of both banks.
In separate statements following an independent inquiry's conclusion that the BBC "fell short of the high standards of integrity and transparency which are its hallmark", her sons blamed the controversial 1995 interview for her "fear and paranoia" that damaged their parents' relationship.
Of the 2,562 customer complaints received between January 2020 and March 2021, a majority relate to illegal apps. At least two dozen suicide cases have been reported, perpetrated by the harassment by loan app operators, points out Tamal Bandyopadhyay.
With Goods and Services Tax (GST) officers under pressure to exceed the Rs 1-trillion collection mark per month, industry has faced a barrage of recovery notices and summons issued over the last one month across sectors, according to company executives. Industry bodies have claimed harassment by field officers, blocking of input tax credit, cancellation of GST registration, threats of arrest and steep penalties, impacting their working capital and operations. Company executives pointed at an atmosphere of apprehension and fear due to such notices and summons.
The Supreme Court Wednesday said that under the guise of green crackers, banned articles are being used by firecracker manufacturers and reiterated that its earlier order banning joint crackers must be complied with by every state.
Shah said that the people of the country will decide about the principal opposition party to BJP in the 2024 polls and they have not given this label to any party.
Dubai-based billionaire BR Shetty has sued Bank of Baroda (BoB) and audit firm Ernst & Young (EY) in a New York court, accusing them of ignoring fictitious and fraudulent transactions that resulted in NMC Healthcare going bankrupt. Shetty is seeking $8 billion in damages in the suit that also names the top management of NMC Healthcare, and Netherlands-based Credit Europe Bank. A top NMC Healthcare official confirmed the development to Business Standard and said despite several meetings, senior BoB officials in India did not take remedial steps for fear of getting involved in an international ponzi scheme perpetrated by then senior management officials.
For Pinarayi, a victory in Thrikkakara would have come as public endorsement of his development initiatives, including controversial K-Rail project, which has witnessed widespread protest
Villagers say that the wooden temple chariot, with parts being iron based fitment, was decorated with colourful lights especially on the top, and it came into contact with the overhead electricity line.
Earlier last month, for the first time ever, an anonymous hacker was served with a restraining order as a non-fungible token (NFT), reports Shivani Shinde.
His career as a bureaucrat has been somewhat colourless, which suggests his current elevation is simply a matter of being at the right place at the right time.
Mithya fumbles to make headway towards truth or dare, observes Sukanya Verma.
The death of a 11-year-old boy due to 'bird-flu', even before the devastating effects of the second Covid wave have waned, has alarmed the medical fraternity though they assert that human-to-human transmission of H5N1 virus is extremely rare. The event has also put the Rs 90,000 crore domestic poultry industry which was seeing some uptick in demand after months of low sales last year into a spot of bother, as any curb on sale or production of eggs or chicken could have a devastating impact on its revenues. It is estimated that around 60 million people are directly impacted by the poultry sector in India. H5N1 virus, also commonly known as bird flu, is known to spread from chickens but other birds such as ducks and crow are also carriers of the virus.
Your promise to protect bankers for their commercial decisions is a huge confidence booster, but how does one define a commercial decision? Are our investigative agencies well equipped to dissect lending decisions of bankers?
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.
The remarks came after the Channi government on Tuesday accepted the resignation of advocate general APS Deol, yielding to the pressure mounted by Punjab Congress chief Navjot Singh Sidhu for replacing the state's AG.
Chinese companies have 'designed' the sugar syrup which is used to adulterate honey so that it can pass Indian laboratory tests, reveals Sunita Narain.
The Delhi High Court Wednesday asked a news company to "hold its hand" for the time being and not publish any information against a Delhi-based businessman in connection with a drugs case involving the son of a Bollywood actor.
Banks say they themselves red-flagged the transactions to RBI. It must be noted that these transactions are not outright evidence of fraud or proof of nefarious activities.
The Noida-based firm's advertisement for its new product, which featured Bollywood superstar and Bharatiya Janata Party MP Hema Malini and her daughter Esha Deol, cautioned against a housemaid kneading flour to make dough, claiming that "her hands might be infected", and instead suggested using the company's product for the same purpose.
If the data breach is found to be genuine, and if the company is found guilty on the grounds of dereliction of duty, or misleading the general public and the RBI about the data breach, actions taken against it will be severe, the person quoted above said.
I got to know that every referred case for angiography and angioplasty got a kickback of Rs 5,000 and Rs 15,000 respectively. Seeing this trend, doctors started paying referring doctors Rs 1 lakh in advance and adjusting it as and when patients came in. This menace slowly spread its tentacles all over the medical field, including radiological diagnostics and biochemistry laboratories. For every test ordered, 20 per cent of the bill was given back to the referring doctor. This led to doctors recommending unnecessary tests. The pharmaceutical companies also saw burgeoning business. Acclaimed doctors were given televisions sets, refrigerators, air conditioners and cars depending upon the prescriptions. General practitioners would prescribe unnecessary drugs, and were given returns in cash. A fascinating excerpt from Dr Upendra Kaul's When The Heart Speaks.
The court said some reportage by Republic TV and Times Now in the aftermath of the death of actor Sushant Singh Rajput were "contemptuous".
Former Maharashtra home minister Anil Deshmukh on Thursday said he will appear before the ED, which had summoned him in connection with its probe into a money laundering case, "after the legal process is completed".
Sanjay Bhandari, an accused arms dealer wanted in India on money laundering and tax evasion charges, is pursuing a separate legal battle of his own in France over an alleged unpaid cut from a large Indian defence contract dating back over 10 years, according to a UK media report.
