News for 'settlement'

'Israelis are committing genocide'

'Israelis are committing genocide'

Rediff.com30 Nov 2023

'What's happening in Gaza is another ethnic cleansing, a repeat of what happened in 1948.' 'That is why people do not want to evacuate. Either you evacuate or you die.'

Govt must be given leeway to save nation: SC on Sec 6A of citizenship law

Govt must be given leeway to save nation: SC on Sec 6A of citizenship law

Rediff.com7 Dec 2023

Referring to section 6A of the Citizenship Act applicable exclusively to Assam, a five-judge constitution bench headed by Chief Justice DY Chandrachud said governments have to make compromises for the overall well-being of the nation.

Buying Term Insurance? 7 Tips For YOU

Buying Term Insurance? 7 Tips For YOU

Rediff.com11 Oct 2023

Buying term insurance is not a one-size-fits-all purchase. It requires some level of deliberation to ensure that the policy aligns with your needs, life stage as well as future circumstances, says Casparus Kromhout, MD & CEO Shriram Life Insurance Company

'Palestinians live in an open prison'

'Palestinians live in an open prison'

Rediff.com29 Jan 2024

'Israelis arrested us before this war and continue to do so -- even more so -- now.'

NHAI projects: Settlement may free Rs 10,000 cr

NHAI projects: Settlement may free Rs 10,000 cr

Rediff.com17 Mar 2010

The move, if accepted, will help resolve nearly one-third of the 1,200 cases on payments pending in various courts in the country.

Wait till March for online settlement of PF claims

Wait till March for online settlement of PF claims

Rediff.com8 Dec 2009

The first phase of computerisation of the EPFO offices were to be completed within a year of the EPFO's apex body -- Central Board of Trustees' (CBT)-- approval of the project in April last year.

Weathering Foreign Policy Storms In 2023

Weathering Foreign Policy Storms In 2023

Rediff.com2 Jan 2024

Foreign policy is always a work in progress and ups and downs are built into foreign policy process. What is permanent is national interest. Hopefully, this year, which will also witness general elections in the country, will also clear clouds in the foreign policy horizon, observes Rup Narayan Das.

Ford India revises final severance package for employees

Ford India revises final severance package for employees

Rediff.com22 Sep 2022

Ford India, the subsidiary of United States-based automaker Ford on Thursday said it has arrived at a settlement with the employees union on the severance package following the company's decision to shut its Tamil Nadu plant as part of a restructuring exercise. Accordingly, the company would revise the final severance settlement to an average equivalent of 140 days of gross wages per completed year of service from the ongoing offer of 130 days. "An additional one-time lump sum of Rs 1.50 lakh will also be included in the final settlement." Ford India said in a statement.

Sebi nods ASBA-like facility for secondary mkt

Sebi nods ASBA-like facility for secondary mkt

Rediff.com29 Mar 2023

Markets regulator Sebi will put in place a framework for the Application Supported by Blocked Amount (ASBA) facility for investors in secondary market trading, similar to the existing system for IPO investors. Sebi's board approved the proposal during its meeting here on Wednesday. Through the proposed facility, which would be optional for investors as well as stock brokers, Sebi aims to bring in "efficiency in the secondary market ecosystem by allowing usage of same blocked amount towards margin and settlement obligations.

Market structure to face shorter IPO timeline test: Industry players

Market structure to face shorter IPO timeline test: Industry players

Rediff.com18 Aug 2023

The shift to a shorter T+3 settlement cycle for initial public offerings (IPOs) will be a big test of the domestic market structure, requiring players in the ecosystem to work harder to meet the squeezed timelines, according to industry insiders. The Securities and Exchange Board of India (Sebi), has announced that the transition to the T+3 cycle will be voluntary starting next month and mandatory from December 1. The new mechanism will necessitate quicker confirmations from banks and speedy verification of permanent account numbers (PANs) for all applicants.

PNC Infra sale could lead to valuation upgrades for road assets

PNC Infra sale could lead to valuation upgrades for road assets

Rediff.com24 Jan 2024

While activity in the highway segment has been slow, the bid pipeline saw recovery in January 2024, and awards are expected to improve in Q4FY24. The national highway (NH) bid pipeline has recovered from a low of Rs 15,900 crore in December 2023 to Rs 68,400 crore at present. The NHAI's pipeline stands at Rs 66,100 crore, with hybrid annuity model (HAM), build operate transfer (BOT) and engineering procurement and construction (EPC) projects accounting for 60 per cent, 29 per cent and 13 per cent share, respectively.

Eyewitness account: The moment when Yeti Airlines plane crashed

Eyewitness account: The moment when Yeti Airlines plane crashed

Rediff.com16 Jan 2023

Eyewitnesses of the Nepalese passenger plane crash have said that they had a close shave as the Yeti Airlines plane, with 72 onboard, including five Indians, crashed near their settlement and a bomb-like blast was heard.

Sebi to launch T+2 rolling settlement from April 1

Sebi to launch T+2 rolling settlement from April 1

Rediff.com3 Jan 2003

Securities and Exchange Board of India will introduce T+2 rolling settlement cycle from April 1 to reduce risks in the capital market and protect investors' interest.

Google begins reinstating Indian apps after govt intervention

Google begins reinstating Indian apps after govt intervention

Rediff.com6 Mar 2024

Google on Tuesday began reinstating about 250 Indian apps it had delisted from its Play Store over a billing dispute as it caved in to government criticism, but the squabble may not yet be over.

Q3 result, stake sale buzz: Here's how analysts expect SBI stock to perform

Q3 result, stake sale buzz: Here's how analysts expect SBI stock to perform

Rediff.com14 Feb 2024

SBI Q3FY24 result review: A higher-than-factored weakness in the October-to-December quarter (Q3) results of State Bank of India (SBI), for financial year 2023-24 (FY24), has prompted brokerages to cut earnings estimates for the ongoing financial year. They, however, have maintained 'Buy' ratings on the stock, revising target price upwards in some cases, owing to the stock's recent underperformance relative to its peers.

What Is A Start-Up Visa? How You Can Get One?

What Is A Start-Up Visa? How You Can Get One?

Rediff.com11 Mar 2024

Businesspersons who have the potential to contribute to the economy of a country are given a red carpet welcome by way of a start-up visa.

BSE lays down new norms for share settlement, tendering

BSE lays down new norms for share settlement, tendering

Rediff.com1 Jul 2015

The acquirer would need to place an order before tendering period.

EPFO adds 17.21 lakh net members in September

EPFO adds 17.21 lakh net members in September

Rediff.com20 Nov 2023

Retirement fund body EPFO recorded a net addition of 17.21 lakh members in September, according to payroll data released on Monday. Month-on-month comparison of payroll data shows an increase of 21,475 net members over August 2023, a labour ministry statement said. Year-on-year comparison of payroll data reflects an increase of 38,262 net members over September 2022.

Liquidation share in insolvency cases on the decline, shows IBBI data

Liquidation share in insolvency cases on the decline, shows IBBI data

Rediff.com28 Nov 2023

From almost 60 per cent as of December 2019, the share of liquidations in the mode of closure of total Insolvency and Bankruptcy Code (IBC) cases came down to 44 per cent till September 2023, data by the Insolvency and Bankruptcy Board of India (IBBI) shows. Experts say the decreasing trend in liquidations under the IBC in India can be largely attributed to the initial economic conditions of companies entering the Corporate Insolvency Resolution Process (CIRP). IBC experts also say the trend shows a certain stabilisation in IBC with the Code now rid of legacy bankruptcy issues.

Tax disputes: Vodafone seeks to club all cases for settlement

Tax disputes: Vodafone seeks to club all cases for settlement

Rediff.com2 Jan 2014

Vodafone, according to sources, in its response to the Finance Ministry's offer for conciliation, had expressed keenness to settle the long-pending capital gains tax dispute.

Indian Army showed world enough is enough: Gen Naravane on Galwan standoff

Indian Army showed world enough is enough: Gen Naravane on Galwan standoff

Rediff.com17 Dec 2023

It took India and the Indian Army to show to the world that enough is enough and to challenge the neighbourhood bully, he said.

RBI to launch first pilot of digital rupee on Tuesday

RBI to launch first pilot of digital rupee on Tuesday

Rediff.com31 Oct 2022

India's first digital rupee pilot project will commence on Tuesday with nine banks, including SBI, HDFC Bank and ICICI Bank, issuing the virtual currency for transactions in government securities. "...the first pilot in the digital rupee - Wholesale segment shall commence on November 1, 2022," the RBI said in a statement on 'Operationalisation of Central Bank Digital Currency-Wholesale (e?-W) Pilot'. It also announced that the first pilot in digital rupee - Retail segment is planned for launch within a month in select locations in closed user groups comprising customers and merchants.

CBDC Pilot May Continue For One More Year

CBDC Pilot May Continue For One More Year

Rediff.com2 May 2023

One reason why volumes have not increased in the retail segment is that users are not aware of merchants who accept digital currency.

Mumbai's G20 Cover Up

Mumbai's G20 Cover Up

Rediff.com16 Dec 2022

G20 delegates are in Mumbai, so the Maximum City has got hurriedly painted walls and makeover.

CAA comes as relief for 35,000 Hindu migrants from Sindh

CAA comes as relief for 35,000 Hindu migrants from Sindh

Rediff.com15 Mar 2024

'A large number of people from Sindh province will now opt to migrate to India as they would be granted citizenship through an easy process.'

Is There Time For A Reset For Paytm?

Is There Time For A Reset For Paytm?

Rediff.com12 Feb 2024

Going by the RBI directive and the overall narrative, Paytm may have lost the rigour of stress tests, audits and compliance.

What PhonePe did differently from Paytm

What PhonePe did differently from Paytm

Rediff.com12 Mar 2024

'We went from zero to about 10 million users in three months. Paytm came out with the wallet play and we came out with the UPI play.'

73 killed in massive building fire in S. Africa's Johannesburg

73 killed in massive building fire in S. Africa's Johannesburg

Rediff.com31 Aug 2023

Authorities said it was unclear what sparked the blaze at the five-storey building in the city centre.

'Biren Singh is part of Manipur's problem'

'Biren Singh is part of Manipur's problem'

Rediff.com12 Oct 2023

'Replacement of the CM with a more acceptable face may be a good start towards resolving Manipur's problem.'

When Will Putin End This Cruel War?

When Will Putin End This Cruel War?

Rediff.com6 Apr 2023

400 days and more, Vladimir Putin's brutal invasion of Ukraine continues.

Tribunal quashes Sebi's order against Mukesh Ambani

Tribunal quashes Sebi's order against Mukesh Ambani

Rediff.com4 Dec 2023

The Securities Appellate Tribunal (SAT) on Monday set aside the penalty imposed by Sebi on Reliance Industries Ltd's chairman Mukesh Ambani and two other entities in a case related to alleged manipulative trading in the shares of erstwhile Reliance Petroleum Ltd (RPL) back in November 2007. The ruling has come after all the entities appealed before the tribunal against the order passed by the Securities and Exchange Board of India (Sebi) in January 2021. In January 2021, Sebi imposed a Rs 25 crore fine on Reliance Industries Ltd(RIL), Rs 15 crore on Ambani, who is the company's chairman and managing director, Rs 20 crore on Navi Mumbai SEZ Pvt Ltd and Rs 10 crore on Mumbai SEZ Ltd in RPL case.

SpiceJet, Credit Suisse resolve financial dispute

SpiceJet, Credit Suisse resolve financial dispute

Rediff.com18 Aug 2022

Low cost airline SpiceJet and Swiss firm Credit Suisse AG on Thursday told the Supreme Court they have resolved their financial dispute. The apex court then permitted SpiceJet to withdraw its appeal against a Madras high court verdict ordering that the airline be wound up on account of alleged non-payment of dues to Credit Suisse AG. "There is a settlement which has taken place on May 23, 2022 as per the consent terms.

NSE withdraws plan to move Nifty Bank derivative contracts to Friday

NSE withdraws plan to move Nifty Bank derivative contracts to Friday

Rediff.com28 Jun 2023

The National Stock Exchange (NSE) has withdrawn its decision to change the expiry day for Bank Nifty derivatives contracts from Thursday to Friday. The move follows a "request" from the BSE, which settles its Sensex and Bankex derivatives contracts on Friday. The proposed change in Bank Nifty settlement was scheduled to be effective from July 6 with the first weekly expiry on July 14.

'SBI is telling an utter lie'

'SBI is telling an utter lie'

Rediff.com8 Mar 2024

'Mumbai main branch (SBI headquarter) has all the data ready-made. It doesn't take even an hour to out the data from the system.'

Bizarre! Reserve day only for India vs Pakistan match

Bizarre! Reserve day only for India vs Pakistan match

Rediff.com8 Sep 2023

In view of the prevailing weather conditions, the ACC decided to add an exclusive reserve day for the Super 4 match between India and Pakistan.

Be Warned: Restarting Stalled Vehicle In Flooded Area Magnifies Damage

Be Warned: Restarting Stalled Vehicle In Flooded Area Magnifies Damage

Rediff.com26 Dec 2023

'Exit the car and call for your vehicle to be towed.'

HC stays forgery case against Hero MotoCorp chairman

HC stays forgery case against Hero MotoCorp chairman

Rediff.com12 Oct 2023

Justice Swarana Kanta Sharma said the stay on the operation of the FIR as well as the trial court order will remain in force till December 6, the next date of hearing. The trial court had directed registration of an FIR against them on a complaint alleging that Hero MotoCorp manufactured fake bills worth Rs 5.9 crore and obtained tax credit of over Rs 55 lakh. The company, its chairman and officials approached the high court challenging the trial court's order.

Settle border issues for 'legal ties': China to Bhutan

Settle border issues for 'legal ties': China to Bhutan

Rediff.com24 Oct 2023

Bhutan firmly abides by the one-China principle meaning Taiwan and Tibet are part of China and stands ready to work with China for an early settlement of the boundary issue and advance the political process of establishing diplomatic relations, it said.

'Hamas is not stupid'

'Hamas is not stupid'

Rediff.com25 Oct 2023

'The Israeli government is saying, "OK, leave northern Gaza, because we're going to fight Hamas there".' 'But Hamas is not stupid. They are going to put militants in southern Gaza too. And then what's Israel going to do?' 'At some point are they going to say, 'Leave southern Gaza too because we want to fight Hamas there? Go across the border to Egypt"'? 'That's what people are worried about. Because they fear that once they cross the border into Egypt there will be no coming back.'