Gianni Infatino, who stood unopposed, was re-elected as FIFA President during the 73rd Congress in Kigali.
Multi-Screen Media (MSM), which runs the league's official broadcaster, SET Max, is likely to see a nearly 30 per cent drop in ad revenues this season, given the hard bargains most companies have driven.
Having successfully executed the merger with parent HDFC, HDFC Bank's managing director and chief executive Sashidhar Jagdishan on Saturday said the country's largest lender aims to double every four years. In a letter to the over 4,000 employees from HDFC who joined the bank's rolls on Saturday, Jagdishan said the future is bright, and the work on realising the potential of the merger starts now. "The runway for financial services and mortgage, which are so underserved and under penetrated, is going to be very large. HDFC Bank - the combined entity - with a large and growing distribution and customer franchise, more than adequate capital, healthy asset quality and profitability, will be best positioned to capture growth.
Riding on a buoyant economy and better tax compliance, gross tax revenue collections are likely to surpass the Rs 6,00,000 crore (Rs 6000 billion) mark in 2007-08. In other words, tax revenue is expected to double compared with Rs 3,04,958 crore (Rs 3049.58 billion) in 2004-05.
Cabinet Secretary Rajiv Gauba will head a top panel, including a senior official from the Prime Minister's Office and seven secretaries, to monitor the implementation of the Centre's ambitious Mission Karmayogi programme for training of government employees, officials said on Monday.
Would there have been an incomparable batsman named Sachin Tendulkar had Doordarshan not telecast Guide one summer afternoon? A fascinating excerpt from Abhishek Mukherjee and Joy Bhattacharjya's must-read book, The Great Indian Cricket Circus.
After bumbling for years since 2014, the Modi government seems to believe that massive government expenditure will lead us to prosperity supported by 'seat-of-the-pants' decision-making, observes Debashis Basu.
BCCI could lose as much as Rs 955 crore if the government sticks to its decision to levy 21.84 percent tax surcharge on ICC's broadcast revenue from the 2023 ODI World Cup.
The Tanur police said a case was registered on Sunday itself against the owner of the boat, which reportedly did not have a licence to function.
Delhi Chief Minister Arvind Kejriwal on Wednesday urged the Centre to intervene to ensure that levels of the Yamuna, flowing at an all-time high of 207.55 metres, don't rise further.
Relief Commissioner Alok Pandey told reporters that the government is constantly working to ensure that there is no loss of life due to the weather phenomenon.
A whirlwind trip of the dark underbelly of global finance, covering everything from tax law changes to aiding criminals to decamp with money from bank accounts.
SET Max, the official broadcasters of the Indian Premier League (IPL)cricket tournament, has already hit a sixer with the third edition of the twenty20 league. The channel is estimated to rake in over Rs 650 crore, 30 per cent higher than it got in IPL-2.
Masoodi said all the participants are against giving voting rights to non-locals as "it will be tantamount to the disenfranchisement of the local voters."
The quick reaction surface-to-air-missile missile developed by DRDO was test launched from the Integrated Test Range at Chandipur near here at about 3.08 pm from a vertical launcher against an electronic target at a very low altitude.
The Yamuna river in Delhi swelled to 207.25 metres and was flowing precariously close to the all-time record level of 207.49 metres.
Deshmukh sent the list of portfolios to Maharashtra Governor Mohammad Fazal on Friday morning.
They are both electronic manufacturing services (EMS) companies, also known as contract manufacturers. One is Taiwan's Foxconn group, the undisputed global number one in this business with revenues of $223 billion. The other is Dixon Technologies, the biggest domestic player with revenues of over Rs 10,500 crore.
Analysts have turned cautious on Cipla, as the recently issued form 483 by the US FDA with eight observations to its Pithampur (Indore) plant is expected to delay the launch of the company's key generic - Advair - in the US. The Indore plant contributes around 5 per cent of Cipla's revenues, as per analysts' estimates. While the respiratory product, which is used to treat asthma, had cleared the pre-approval inspection of the regulator at the Indore unit; the final approval could be unlikely until the company clears the recent US FDA observations, analysts say.
The IPL, with an estimated brand value of $8.4 billion, continues to attract the world's top players and coaches.
Close on heels of the launch of Gift Nifty (earlier SGX Nifty), domestic exchanges are pushing for extension of trading hours for the onshore derivatives market, said sources. Bourses are waiting for a final approval from market regulator Sebi on the proposal to keep the derivatives market open for longer hours, they said. The move is aimed at attracting more trading members for onshore futures and options (F&O) contracts amid risk that global investors could prefer trading at Gift City given the tax benefits.
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The ministry's move to intervene in the matter comes 20 days before implementation, after broadcasters complained they would suffer huge loss because digitisation was still in the first phase across the country.
Clearly, Foxconn Chairman Young Liu and his team are looking to raise their game in India.
IndiGo has restored annual increments for more than 4,500 pilots as a financial turnaround helped the airline make a profit in Q3 FY23 after three quarters of loss. An email from the airline's management last week informed pilots of the restoration from April. "The component of annual increment for Indian captains (Rs 10,000 per month) and Indian first officers (Rs 5,000 per month) on the Airbus and ATR fleet which was stopped due to Covid will restart from April 1, 2023," the airline's senior vice president (flight operations) Ashim Mitra said in the staff email.
Diversified conglomerate Future Group's e-commerce venture, futurebazaar.com, has revamped its online business portfolio and expects an around Rs 1,000 crore (Rs 10 billion) revenue over the next 18-24-months, a top company official said.
Bharadwaj said it has not rained in Delhi in the last 3-4 days, yet still the water level in Yamuna reached 208.66 metres.
The development comes after the resignation of Manish Sisodia and Satyendar Jain, the key faces of the city government and were instrumental in steering the national capital through the COVID-19 crisis.
The drive met with opposition in Tinsukia in upper Assam leading to lathicharge by the security forces, while in Sonitpur the alleged illegal settlers claimed that it was launched about a week before the stipulated date.
'The linking of Aadhaar to births and deaths will revive the debate around citizenship.'
Congress general secretary in-charge communications Jairam Ramesh said that in the 'Hum Adani ke Hain Kaun (HAHK)' series under which the Congress posed questions to Prime Minister Narendra Modi, the party had asked him about his "favourite business group's links with the Chinese citizen Chang Chung-Ling (aka Lingo Chang) who has been a director in several Adani Group companies along with Vinod Adani and also made an appearance in the Panama Papers".
The 'angel tax' provision in the Finance Bill will not impact startups in India, a senior government official said on Tuesday. Startups which are registered with the Department for Promotion of Industry and Internal Trade do not come under the purview, Anurag Jain, the secretary in the department said while speaking at the IVCA Conclave. "Let me put one thing very clearly. It doesn't affect startups in the least," he said, addressing the audience at the event organized by the venture capital industry lobby grouping.
The Directorate of Revenue Intelligence has seized 56 kg of cocaine from a container near the Mundra port in Gujarat's Kutch district, a DRI official said on Thursday.
Of the total expected revenue, the cash offerings made by millions of devotees in the sacred hundi (offering box) at the hill temple complex were expected to fetch about Rs 1,000 crore.
The agency has booked Sisodia, a 1992-batch IRS officer Sukesh Kumar Jain who was then secretary of vigilance, retired CISF DIG Rakesh Kumar Sinha who was working as special advisor to Chief Minister Arvind Kejriwal and joint director in the Feedback Unit, they said.
The tourism industry plays a vital role in the town, accounting for 70 per cent of its economy, according to experts.
Global private equity investor Advent International on Monday said it is acquiring a significant stake in Suven Pharmaceuticals from its promoters, the Jasti family. The PE major said this will be followed with an open offer to acquire 26 per cent more in the listed contract development and manufacturing organisation from public shareholders, and also merge the company with investee company Cohance Lifesciences, as per an official statement. Media reports on a Monday morning pegged the acquisition at Rs 6,300 crore, and that Advent had pipped rival Blackstone for the acquisition.
Meanwhile, replying to another query, the minister said that National Aviation Company of India Ltd had submitted a proposal for infusion of equity of Rs 1,231 crore (Rs 12.31 billion) and provision of soft loans worth Rs 2,750 crore (rs 27.5 billion) in the last fiscal.
The Centre has garnered around Rs 2,500-3,000 crore in the first five weeks after it imposed a windfall tax on oil and gas companies for the export of fuel, Business Standard has learnt. It is likely that the government will continue with the one-time tax till the Indian crude basket is above $80 a barrel, sources said. The next review of the windfall tax on oil companies is early next week.
Medical seats for under-graduates and post-graduates remaining vacant in the NEET era, together with the Centre 'freezing' the number of medical colleges and seats in (Dravidian) Tamil Nadu and the launch of the PM's 'Vishwakarma Scheme' for the nation's craftsmen, are all seen as a bid to further reverse the state's progressive socio-economic agenda of and its achievements of the past hundred-plus years, argues N Sathiya Moorthy.
Concerned over BSNL's falling revenue and market share, an employee association of the state-owned telecom company has sought a thorough probe into an alleged nexus between senior officials of the PSU and private operators.
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