'Right to apprenticeship means that anyone below the age of 25 years with a diploma or other qualifications can demand an apprenticeship with a private, a public sector company or a government organisation. And when he/she demands this, it is the obligation of the government to provide it.'
In first year, ONGC spending likely at Rs 405 cr, followed by Reliance Industries' at Rs 377 crore.
Six people have been detained in various raids.
Promising to positively consider several representations of Christians including site for cemetries, Palaniswami, in an apparent reference to his party's alliance with the Bharatiya Janata Party for assembly polls likely in April, said electoral tie-ups were different from ideology.
It also promised financial assistance of Rs 24,000 annually to all dependent widows and single mothers, two free LPG cylinders to all the beneficiaries of the PM Ujjwala Yojana and 24x7 power supply.
The BJP and Congress are the top two beneficiaries of the electoral bonds, followed by the Trinamool Congress.
Following the win, Odisha Chief Minister Naveen Patnaik had announced a cash reward of Rs 1 crore for the team, from which Igor Stimac's wards have "collectively" decided to donate Rs 20 lakh.
Omkeshwar Singh, head, Rank MF, a mutual fund investment platform, answers your queries.
Bajaj Auto reported steady results in Q1FY25, with revenue surging 16 per cent year-on-year (Y-o-Y), operating profit registering a growth of 24 per cent Y-o-Y, and margins swelling 20.2 per cent. The profitability was aided by 50 basis points (bps) on the accrual of PLI benefits. The domestic prospects for two-wheelers are healthy, though the response to the newly launched CNG motorcycle is a key monitorable.
Mukesh Ambani makes close to Rs 1,000 every second for his flagship company Reliance Industries and, in turn, gets a reward of one per cent of this additional profit. The paycheck of Ambani India got fatter by over Rs 5 crore to Rs 30.46 crore.
The consumer goods market in the country has borne losses more than Rs 11,500 crore (Rs 115 billion) till November 2005 due to fake products, an Assocham study said.
Piramal Enterprises on Friday claimed that its bid for resolution of debt-ridden mortgage lender DHFL is highest and fully compliant with regulatory norms. Since the conclusion of the fifth and final round of the bidding process last month, Piramal Enterprises and the US-based Oaktree Capital are claiming that their bids are the highest and fully implementable. According to sources, suitors have submitted bids in the range of Rs 35,000-37,000 crore.
More than one-third of this amount (Rs 6,000 crore or Rs 60 billion) is likely to go to the country's largest lender, State Bank of India, while the demand for most other banks is less than Rs 1,000 crore (Rs 10 billion) each.
The domestic aviation industry is expected to report a net loss of Rs 25,000-26,000 crore this fiscal with elevated jet fuel prices and fare caps continuing to pose a major challenge for the airlines' profitability, domestic rating agency ICRA Ltd said on Thursday. The domestic airlines, however, are likely to post a reduced net loss of Rs 14,000-16,000 crore in the next financial year on the back of a "notable recovery" in air passenger traffic and lower level of debt, ICRA said. The ratings agency also estimates that the industry will require an additional funding in the range of Rs 20,000-22,000 crore during FY22-FY24.
The dealers operating in the space have jumped nearly three times over the past two years.
'It would be reasonable to assume that Modi 3.0 would be more focused on projects and schemes which do not require any legislative change or which have the support of its coalition partners,' asserts A K Bhattacharya.
The Supreme Court on Friday gave an order that raises hopes of rapid afforestation in the country by making available the key ingredient for it: Money.
While Emami is still struggling to push growth, given weak rural demand, the sale of the group's stake in AMRI Hospitals should ease investor concerns about stake pledges by promoters. It has also carried a series of stake acquisitions which should enable the expansion of its brand portfolio. The Q2 results are likely to see flat volumes and low revenue growth alongside some gross margin expansion.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
Prime Minister Narendra Modi on Tuesday announced a 'special package' of Rs 1,25,000 crore for poll-bound Bihar during his address at Ara district, in the state.
Banks and housing finance companies (HFCs) are trying to figure out their exposure to real estate projects in Noida Extension, which have come under cloud after courts cancelled land acquisition in several villages by Greater Noida authorities.
The government's market borrowing crossed Rs 100,000 crore (Rs 1,000 billion) till November 1, as fiscal deficit surged to over Rs 81,014 crore (Rs 810.14 billion) in first half of 2003-04, PNB Gilts said in its latest report.
NHAI chairman Brajeshwar Singh said the highways authority would recruit 400 people in the next 12-18 months to deal with the manpower shortage faced by it.
Private sector lender Axis Bank has launched a home loan product for households earning as low as Rs 8,000 a month, targeting disbursals of up to Rs 1,000 crore (Rs 10 billion) in a year's time, a senior bank official said.
TCL wants to raise around Rs 10 billion through a rights issue, sources familiar with the developments said. This means the government will have to invest Rs 2.6 billion to retain its stake in the company, in case it approves the issue. The company needs to raise fresh equity for any fresh borrowing, as it has already reached the maximum limit of debt vis-a-vis its net worth, as stipulated under the shareholder agreement.
The higher dividend will help Tata Trusts, which owns 67 per cent stake in Tata Sons, to invest in its charitable activities. The total dividend outgo will be Rs 404 crore.
Advocating the move, home ministry officials said most of the developed countries change the security features of their currency notes every 3-4 years and therefore, it is absolutely necessary for India to follow this policy.
In a setback to former deputy chief minister Manish Sisodia, the Supreme Court on Monday denied him bail in the corruption and money laundering cases related to the alleged Delhi excise policy scam, saying the accusation of "windfall gains" of Rs 338 crore to wholesale liquor dealers was "tentatively supported" by evidence.
Goldman Sachs, a global investment banking and securities firm, has invested Rs 100 crore for a significant minority stake to support TVS Logistics growth plans, which include expansion, increasing its investment in joint ventures and for acquisition opportunities.
With this amount, the total seizure in the case has now gone upto Rs 166 crore in a single case.
The government is nudging LIC to tweak its product strategy to maximise profitability in a bid to help the country's largest insurer realise its full growth potential and yield better returns for investors, an official said. Life Insurance Corporation (LIC) has been trading below the issue price of Rs 949 a share ever since it got listed on stock exchanges on May 17. It listed at Rs 872 apiece on NSE. On Tuesday, the scrip settled at Rs 595.50, down 0.72 per cent over the previous close.
IT major Wipro's promoter Azim Premji is investing Rs 80 crore (Rs 800 million) to acquire a significant minority stake in a company floated by Jagdish Khattar, former managing director of Maruti Suzuki India who has recently turned entrepreneur.
Omkeshwar Singh, head, Rank MF, a mutual fund investment platform, answers your queries.
To curb excessive volatility in mid and small cap counters, the BSE has introduced a new surveillance measure for certain stocks having a market capitalisation of less than Rs 1,000 crore. The new measure, add-on price band framework, will be applicable to companies with a market-capitalisation of less than Rs 1,000 crore and on securities in groups -- X, XT, Z, ZP, ZY, and Y, BSE said in a circular on Wednesday. Under the framework, the shortlisted securities will be subjected to additional periodic price limits of weekly, monthly and quarterly.
The ruling Mahayuti alliance in Maharashtra is heavily banking upon a six to 10 per cent shift in voters -- mostly women -- in its favour to return to power with anywhere between 160 and 170 assembly seats, say four MLAs belonging to Eknath Shinde's Shiv Sena.
Indian futures market may have lost business worth Rs 8,00,000 crore (Rs 8,000 billion) due to ban in forward trading of eight commodities such as wheat, rice and pulses.
Sant Chatwal announced his plans of bringing Hampshire Hotels and Resorts to India. Keen on opening hotels in Punjab, he plans on a pan Indian presence.
Equity benchmark Sensex surged past the 57,000-mark by rallying over 1,000 points on Thursday, tracking an overall bullish trend in global equities despite the US Federal Reserve hiking rates. The 30-share BSE index closed 1,047.28 points or 1.84 per cent higher at 57,863.93. Likewise, the NSE Nifty surged 311.70 points or 1.84 per cent to end at 17,287.05.
The I-T dept has issued 87 notices under section 24 of the said Act
