'Due to the fear caused by the Byju's crisis, several employees have chosen to take up entry-level jobs in firms other than edtech.'
Jamshyd Naoroji Godrej and his sister Smita Crishna Godrej-controlled Godrej & Boyce will hold the exclusive construction rights over a vast land bank, including a prime 3,000 acre-property in Mumbai, they got as part of the family agreement that split the Godrej empire, as per sources and regulatory filing. According to the agreement reached late Tuesday, the 127-year-oldgets to keep what group will be split into two entities - one led by Adi Godrej and his brother Nadir and the other by their cousins Jamshyd and Smita.
The Lucknow bench of the Allahabad high court on Friday has refused to defer its verdict on the title suit of the disputed site at Ayodhya.
India is committed to finding an 'early settlement' to the vexed boundary issue: Swaraj
Last year, Ranbaxy had paid around $4,20,000 to the US state of Idaho as part of a $500-million settlement that the drug firm had signed with US authorities.
According to the peculiar facts of the case, the six policemen of Jalgaon called three tenants including Vijaykumar Vishwanath Dhawale and Vinod Dodhu Chaudhary to a police station on March 9, 2022 and kept them under detention for 24 hours.
If you think that revenue officials are going berserk, acting on their own, while the government chants the mantra of 'ease of doing business', you would be wrong. These moves appear to have full official backing, points out Debashis Basu.
'The purported claim that Israel can defeat Hamas and everything 'would go back to normal' is completely absurd.'
Low-cost carrier SpiceJet Ltd on Friday said it expects to resolve settlement disputes with its lessors shortly.
India and the US have mutually resolved all six trade disputes pending at the World Trade Organisation (WTO), in line with the commitment made by the two countries during the US visit of Prime Minister Narendra Modi last month, an official said. The official said that both countries have informed the WTO's dispute settlement body (DSB) about the resolution of all the pending disputes. The WTO has already issued a communication with regard to one of the disputes related to the imposition of additional customs duties by India on 28 US products.
Mallya has denied that he had fled India and said he would comply with laws.
The committee, of which Mukul Wasnik is the convener and has former chief ministers Ashok Gehlot and Bhupesh Baghel as well as Mohan Prakash and Salman Khurshid in it, held final talks and suggested the way forward to the party leadership.
The National Stock Exchange (NSE) of India is going to indefinitely defer the internal deadline set for extending trading hours, according to sources in the know. The exchange aimed to introduce a three-hour evening session exclusively for index derivatives by March 2024, contingent upon regulatory clearance from the Securities and Exchange Board of India (Sebi). Sources indicate that the market regulator has not provided a favourable indication, dimming optimism surrounding the proposal.
'Modi is trying avenues to convince people why they should vote for the BJP.'
British Prime Minister Boris Johnson and his Indian counterpart Narendra Modi spoke over phone on Monday during which they took stock of India-UK trade and defence talks, opening up of international travel between the two countries and climate action targets in the lead up to the COP26 summit, Downing Street said.
Continuing the upward trend, GST collections rose 10 per cent to about Rs 1.64 lakh crore in December compared to Rs 1.49 lakh crore in the same month a year ago. During the April-December 2023 period, gross Goods and Services Tax (GST) collection witnessed a robust 12 per cent growth, reaching Rs 14.97 lakh crore against Rs 13.40 lakh crore mopped up in the same period of the previous year, the finance ministry said in a statement on Monday. The average monthly gross GST collection of Rs 1.66 lakh crore in the first nine-month period this year represents a 12 per cent increase compared to the Rs 1.49 lakh crore average recorded in the corresponding period of FY23, it added.
Edtech major Byju's is in process to raise Rs 600-700 crore to fund the company's operations till March by when it expects to realise money through the sale of Epic and partial stake sale in other subsidiaries, according to sources aware of the development. Byju's founder Byju Raveendran has recently raised money by mortgaging home and real estate assets owned by family members for paying salaries, sources said. "There is about Rs 50 crore gap per month in operational expenses where a large component is salary.
In the book, Anger Management: The Troubled Diplomatic Relationship Between India and Pakistan, Bisaria says this public telecast sounded to observers like a mid-summit report on the talks, where Pakistan's hard views were being inflicted on India, while New Delhi's positions were unclear.
'But unlike Bond who killed an individual, Israel is killing a nation.'
Jet had bought Sahara Airlines from the Sahara group in April 2007 for Rs 1,450 crore after an arbitration award. It paid Rs 900 crore and agreed to pay the balance in four instalments. In March 2008, the income-tax department demanded tax dues of Rs 107 crore from Sahara India Airlines. Jet decided this should come from Sahara as it pertained to the period before the acquisition.
If freedom of speech is allowed beyond limits, it could lead to disastrous consequences, the Bombay HC has said.
India has voted in favour of a draft resolution in the United Nations General Assembly that expressed deep concern over Israel not withdrawing from the Syrian Golan.
'However, we have seen weakness in our active pharmaceutical ingredients business.'
The agreement includes "financial compensation, health benefits and non-monetary assistance for surviving family members and victims of the April 16, 2007, massacre at Virginia Tech," according to a statement released by lawyers representing some of the families. The finer details have not been released because the agreement has not been finalised.
The actor, who was fired from the hit show in March this year has been replaced by Ashton Kutcher.
Seventeen Indians on death row for the murder of a Pakistani national in Sharjah have been granted over a month's time by a United Arab Emirates appeals court to reach a blood money settlement with the victim's family.
Manipur Chief Minister N Biren Singh on Tuesday said his government will provide a one-time assistance of Rs 1000 to those living in relief camps because of ethnic rioting in the state.
A consortium of shareholders with over 30 per cent stake in cash-strapped Byju's might approach the National Company Law Tribunal (NCLT) seeking a management change, if the extraordinary general meeting (EGM) scheduled for Friday failed to yield an 'amicable settlement' or faced further delays, sources said. Earlier this month, these shareholders had issued a notice calling for an EGM to address "persistent issues", including a change in management. They will vote for a revamp of the existing board, an exercise which would include asking Byju Raveendran to step down as chief executive officer (CEO) and relinquish his operational role, according to sources.
Municipal corporations penalise late property tax payments. 'Penalties can include attachment of properties, bank accounts, rent and other movable assets," says Anand Moorthy, co-founder, Square Yards.
'We need a candidate who will do our work and fight with the authorities; someone we can hold accountable.' 'Piyush Goyal is not that candidate.'
The top court said that a sum of Rs 50 crore lying with the RBI for the victims shall be utilised by the Union of India to satisfy pending claims of victims.
Health issues, divorce, court battles, moral turpitude, and more can all distract the CEO and impinge on a company's performance. So, how much of their private life should a company disclose? asks Amit Tandon.
'...similar to the 2008 global financial crisis, the 2012 taper tantrum, or the 2018 midcap crash.' 'This could lead to a substantial decline in activity and revenues for the broking industry.' 'When this will happen is uncertain, but as brokers, we must be prepared for such a downturn.'
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The Union government's offer of settling the retrospective taxation case with Cairn Energy may hinge on Vedanta withdrawing the ongoing arbitration from the Singapore Tribunal on the same issue. The government has offered to refund Cairn Energy Rs 7,900 crore that it had collected under the retrospective tax demand on fulfilment of certain conditions, including withdrawal of pending litigation and furnishing of an undertaking to the effect that no claim for cost, damages, interest, etc., would be filed. This condition is also part of the Taxation Laws (Amendment) Bill, 2021, passed by Parliament recently.
BJP's Manipur unit has told its national president J P Nadda that people are angry as the state government has so far failed to contain the ethnic strife.
'Valuations of midcaps and smallcaps have reached very high levels, and hence to that extent leave little margin of safety.'
'Israelis not only harassed Palestine Muslims, but also Christians.' 'Palestinians have been telling Israel that this will blow up the situation, but they would not listen to us.'
Justice Dharam Veer Sharma of the Lucknow bench of the Allahabad high court on Monday passed a dissenting order against the order passed by two other judges -- S U Khan and Sudhir Agarwal -- against postponing the Ayodhya case verdict, on September 17.Sharma claimed that the two judges passed the order without consulting him and there is still room for exploring the option of an out-of-court settlement.
While the responses of the candidates were predictable, depending on which side they belonged to, an interesting point slipped through when Rahul Shewale cited the Dharavi Redevelopment Project as a scheme that would add to Mumbai's importance. No big infrastructural project in Mumbai, he said, could be successful without the Centre's nod.
