The Reserve Bank on Wednesday imposed business restrictions on Edelweiss Group's lending and asset reconstruction arms on concerns over evergreening of loans. The central bank has asked ECL Finance Ltd (ECL) to cease and desist from undertaking any structured transactions in respect of its wholesale exposures, other than repayment and/or closure of accounts, an official statement said.
Mumbai-based Weizmann, part of a diversified group, will take to court its former partner Western Union Holdings, the American money-transfer giant, alleging that the United States-based company has imitated its trademark and logo. This, its lawyers say, constitutes a case of infringement and dilution of its intellectual-property rights.
The Quad also vowed to work towards a free, open and prosperous Indo-Pacific, a region that has seen increasing Chinese military muscle-flexing in the last few years.
More than 80 per cent of Indians live in districts vulnerable to climate risks. Among these, Assam, Andhra Pradesh, Maharashtra, Karnataka, and Bihar are the most vulnerable states to extreme climate events.
Leading bourses BSE and NSE and money markets will remain closed on Thursday on account of Eid al-Adha also known as Bakrid. Earlier, the holiday was scheduled for June 28. The markets are now open on Wednesday. The change came after the Maharashtra government declared June 29 a public holiday as the festival of Bakrid falls on this day instead of June 28 declared earlier.
The recent 'revelation' by TN fishers freed by Sri Lanka after they had paid up Lankan rupees 50,000 each in fines, that their hair was tonsured in prison and they were forced to remove their garments other than the underpants, and were also made to clean toilets, as if with vengeance, has touched a raw nerve this time, just as another issue or issues had done it ahead of the Jallikattu protests, observes N Sathiya Moorthy.
'We want to play the value game for our consumers, which is health and retail will grow faster for us than the group.'
The total benefits paid by private life insurance companies to policyholders rose by 5.98 per cent to Rs 1.57 trillion during 2022-23. This figure stood at Rs 1.49 trillion in the corresponding year-ago period. On the other hand, Life Insurance Corporation of India (LIC) paid out 4 per cent fewer benefits at Rs 3.39 trillion from Rs 3.53 trillion in 2021-22.
They also assured the CLB that in case of any settlement reached between the brothers, they would inform the Board. Following this, the Board adjourned the matter to January for the next hearing. Emerging from the hearing, the counsel representing Rahul Bajaj told PTI that their side informed the CLB that the talks between the brothers were still going on.
Russian President Vladimir Putin on Tuesday thanked Prime Minister Narendra Modi for trying to help find a peaceful solution to the Ukraine crisis.
'It will dictate the flow of funds into the index. We will maintain caution on mid/smallcaps.'
Newly-appointed Pakistan Cricket Board chief Ehsan Mani said that the dispute with the Board of Control for Cricket in India regarding bilateral series is beyond 'amicable settlement' as they are yet to find a common ground of solution.
Juventus will not play in Europe next season after being banned over breaches of UEFA's Club Licensing and Financial Fair Play rules.
The International Financial Services Centre Authority (IFSCA) plans to operationalise the framework for direct listing of companies at International Financial Services Centre (IFSC) exchanges by the end of the year, said Chairperson K Rajaraman. He added that the amendments would be notified within three months. Further, the GIFT City regulator is also considering the launch of separate payments system regulations - similar to that of the real time gross settlement (RTGS) for banking within a few months.
The Adani group on Monday said it will offer eligible residents of the Dharavi slum clusters new flats measuring 350 sq ft. The Adani group, which is redeveloping Dharavi slums in collaboration with the Maharashtra government, claimed the flat size was "17 per cent more" than what is offered as part of slum redevelopment projects. The new flats will have a kitchen and toilet, Adani said in a statement, adding that earlier, the dwellers of informal settlements were given houses measuring 269 sq ft.
Times have changed, situations have changed, but the basic nature of superpower geo-politics remains the same and so also India's diplomacy -- call it non-alignment, strategic autonomy or neutrality; it all depends on the time scale, notes Rup Narayan Das.
Foreign minister Ali Sabry told the cabinet that the Chinese vessel had only asked for a refuelling visit.
Yunus, however, rejected reports that a committee was constituted for the negotiation.
Leader of opposition in Maharashtra Legislative Assembly, Eknath Khadse on Tuesday rubbished allegations levelled against him by Maharashtra Navnirman Sena President Raj Thackeray of 'settlement' with the government saying that he was prepared for a probe by a House committee.
A customer can also appoint a surveyor on his own expense
More and more Israeli soldiers are killed during the Israeli defence force's war against Hamas in Gaza.
EPFO had started allotting UAN numbers in July 2014.
An encyclopedia to the best Durga Pujo eating.
Get a new QR code from an alternative provider. PhonePe, Google Pay, Pine Labs, etc are some of the other service providers.
Good results for the January-March quarter (Q4) of FY24 and strong seasonal demand have led to strong investor interest in Crompton Greaves (CG) Consumer Electricals which is hitting new highs. While there's bullish consensus on the company's future performance, the stock has gained over 40 per cent in the last six months and valuations may become stretched. The Q4FY24 revenue rose 9.5 per cent YoY to Rs 1,960 crore.
Without giving specific details, Sebi said that SBI was being probed for 'alleged violation of regulations' contained in as many as 11 sections, sub-sections and clauses, including those related to the Code of Conduct, of the Securities and Exchange Board of India (Debenture Trustees) Regulations.
The Employees' Provident Fund Organisation (EPFO) is considering raising the monthly minimum wage ceiling from Rs 15,000 now to improve the coverage and bring millions of informal workers under its purview. The last increase in the minimum wage ceiling was in 2014 to Rs 15,000 from Rs 6,500.
HSBC has acknowledged compliance lapses, including a failure to maintain an effective anti-money laundering programme.
He further said that time has come to discuss the issue of Ram Temple and should try to find a permanent solution.
The National Stock Exchange (NSE) has made a fresh attempt at settling a regulatory investigation into the misuse of Trading Access Point (TAP) software at the bourse. The Securities and Exchange Board of India (Sebi) rejected a similar application in 2022. "NSE and its employees have filed a consolidated settlement application dated May 4, 2023, with Sebi.
In a judgment of far-reaching implications, the Supreme Court on Wednesday ruled that a Muslim woman can seek maintenance from her husband under Section 125 of the CrPC and said the "religion neutral" provision is applicable to all married women irrespective of their religion.
The total amount will be Rs 1.65 crore approximately, it said in the "clarification" that came after Leader of Opposition in Lok Sabha Rahul Gandhi shared on X a video purportedly of Kumar's father, who stated he had not received any money.
The Congress on Friday favoured a negotiated settlement to the Ayodhya issue saying all right thinking people should work for a compromise within the next three months in wake of the Allahabad high court verdict.
Whether the Ayodhya case is settled through reconciliation or through a judgment is something that remains to be seen. An application had been filed before the Lucknow Bench of the Allahabad High Court seeking a direction to both parties to settle this matter amicably so as to avoid any controversy that might follow after the judgment is pronounced.
An Indian-origin man and his British wife have been awarded 160,000 pounds in an out-of-court settlement, following the death of their baby in a hospital in Cardiff, in November 2005.Krishna Govekar of Goan origin and his wife Johanne Rees lost their son Arun due to a series of alleged blunders by the hospital. After three years of legal action, the hospital has now offered them the settlement.The couple said they will now start a new life in Goa.
Judgement is subject to an appeal period of 30 days from the date of its entry.
The move, if brought into effect, will substantially reduce the burden on the judicial system, while opening a window of opportunity for expediting court cases.
The report indicates that the miscreants forcibly entered her house and physically assaulted her. Shockingly, they also snatched her infant daughter and callously threw her away, the commission said.
The Supreme Court has told a couple, who are software engineers seeking divorce, why don't they give a second chance to the marriage as both of them were not able to devote time to their union.
Pirojsha Godrej, 43, patriarch Adi Godrej's son, is set to take over as chairman of the Godrej Industries Group from 2026 whol Nyrika Holkar, Smita Godrej Crishna's 42-year-old daughter, has emerged as the face of the Godrej Enterprises Group.
