Speculation are rife that he may seek premature retirement or will be given a new role by the government.
Insurance sector regulator IRDAI has given conditional approval to Hinduja Group firm IndusInd International Holdings Ltd (IIHL) for the takeover of debt-ridden Reliance Capital. "We are happy to acknowledge the receipt of approval from IRDAI yesterday (May 10, 2024) on the auspicious occasion of Akshay Tritiya. "The approval is subject to certain 'regulatory, statutory, and judicial' clearances/compliances," an IIHL spokesperson said in a statement.
Gupta was arrested in Prague, the Czech Republic on June 30, 2023 and is being held there currently. The US government is seeking his extradition to America.
Justice Surya Prakash Kesarwani, in his order which began with the Sanskrit verse from the Manu Smriti, 'yatra naryastu pujyante ramante tatra devata' (gods reside where women are worshipped), said that all citizens, including Muslim women, have Fundamental Rights which cannot be infringed under the garb of personal law.
rediffGURU Jinal Mehta answers readers' financial planning and health insurance queries
The court also imposed a restraining order barring Alves from coming within 1,000 metres (3,300 feet) of the victim.
Pakistan on Thursday said India's stand that the Simla Agreement of 1972 supersedes earlier United Nations resolutions on Kashmir is not legally tenable even as it sought "serious negotiations" on all outstanding disputes.
The judge noted that there is a long wait for adoption and there are many childless couples and parents with one child who would adopt a "normal child" but the chances of a specially-abled child being adopted are remote and the regulation therefore only aims to ensure that more and more children with special needs get adopted.
'Subjecting each such creative content to scrutiny will impose burdens on the OTT platforms and impact user experience.'
The government may not be able to put in place the Digital India Act, which aims to replace over 23 years old IT Act 2000, before the next general election, as there is not much time left for extensive consultation, Minister of State for Electronics and IT Rajeev Chandrasekhar said on Wednesday. While speaking at the Global Technology Summit 2023, the minister, however, said the rules for the Digital Personal Data Protection Act will be out later this month for consultation and are expected to be notified by the end of December or early January. Chandrasekhar said the existing IT Act doesn't even have the word internet, and there is a consensus that it can be safely superseded and replaced.
Nikhil Gupta, 52, has been charged with murder-for-hire, which carries a maximum sentence of 10 years in prison, and conspiracy to commit murder-for-hire, which carries a maximum sentence of 10 years in prison, US Attorney for the Southern District of New York Matthew G Olsen said.
India is headed for general elections early next year, and the DIA is expected to be legislated only after the 2024 polls and the formation of the government.
The Supreme Court on Monday ruled the former state of Jammu and Kashmir did not have any 'internal sovereignty' that was distinguishable from the powers and privileges enjoyed by other states in the country.
As an audience, we deserve better! exclaims Mayur Sanap.
Has Vijay Shekhar Sharma given up on the bank? For now, he seems to be on a save-OCL mission. The bank will face its logical end, observes Tamal Bandopadhyay.
Displaying 'ARMY' on private transport is an attempt to milk the respect and reverence that the common citizen has for a person in the armed forces, observes Colonel K Thammayya Udupa (retd). By writing 'ARMY' and displaying regimental insignias, we expect a few misdemeanours to be overlooked.
Lenders of debt-ridden Reliance Capital have voted in favour of a resolution plan submitted by Hinduja Group firm IndusInd International Holdings Ltd (IIHL) which made the highest cash offer of Rs 9,661 crore in the second round of bidding. As much as 99 per cent votes were in favour of IIHL as lenders expected to recover cash upfront of Rs 9,661 crore from the Hinduja Group entity, sources said. Besides, sources said cash balance with Reliance Capital (RCAP) of over Rs 500 crore would also go to lenders. So, in all lenders are expected to receive about Rs 10,200 crore for distribution as against Rs 16,000 crore principal secured debt, resulting in 65 per cent recovery for the lenders, sources said.
Qin, 57, was made the foreign minister in December last year, superseding many seniors, earning the distinction of a rising star in the ruling Communist Party of China.
Increasing cases of aviators in India complaining of fatigue and in some cases leading to death have spurred the DGCA to bring in draft rules to reduce stress.
The National Company Law Tribunal has admitted an Indusind Bank plea for insolvency proceedings against Zee Entertainment Enterprises Limited (ZEEL). The division bench of judicial member H V Subba Rao and technical member Madhu Sinha on Wednesday also appointed Sanjeev Kumar Jalan as the resolution professional in the matter. The matter pertains to a default of Rs 89 crore by Zee Group's multisystem operator arm Siti Networks claimed by Indusind Bank, for which ZEEL was a guarantor.
Taking to Twitter, Jawhar Sircar wrote, 'S Jaishankar's father, K Subramanyam said 'Dharma was killed in Gujarat (2002 Riots). Those who failed to protect innocent citizens are guilty of adharma. Rama...would have used his bow against the 'Asura' rulers of Gujarat.' Shame on son --serving Asura!'
But the ISI chief did not retire giving the impression that he has won General Asim Munir's trust, notes Rana Banerji who headed the Pakistan desk at RA&W.
Aware of simmering dissensions within the top echelons of the army, Munir has moved slowly in reshuffling senior generals, observes Rana Banerji, who headed the Pakistan desk at RA&W, India's external intelligence agency.
A Hinduja Group firm on Wednesday emerged as the highest bidder with an offer of Rs 9,650 crore to take over debt-ridden Reliance Capital in the second round of auction, sources said. The bid by IndusInd International Holdings Ltd (IIHL) is higher than Rs 8,640 crore offer made by Torrent Investments in the first round of auction held in December last year. The other two suitors -- Torrent Investments and Oaktree -- did not participate in the second round of auction, sources said.
Crisis-hit Punjab and Maharashtra Cooperative (PMC) Bank's takeover by the Unity Small Finance Bank (USFBL) came into effect on Tuesday, with the government notifying the scheme of amalgamation. PMC Bank branches will operate as USFBL branches from Tuesday onwards, the Reserve Bank of India (RBI) said in a statement on Tuesday. The takeover comes into force little over two years after the RBI superseded the board of the PMC Bank after financial irregularities came to light.
He said the prime minister has received global recognition and India was rising under his leadership.
We must heed what the CJI has said. Challenging every judgment of the central government is inviting chaos, asserts Shreekant Sambrani.
B-Town's A-list can always count on the designer to make them feel like royalty when they tie the knot and create a look that will supersede all expectations.
The insolvency process of debt-ridden Reliance Capital Ltd (RCL) on Tuesday hit a roadblock as the NCLT Mumbai has stayed the resolution process on the plea of Torrent Group. The stay order was issued by the National Company Law Tribunal (NCLT) as the Ahmedabad-based Torrent Group challenged the revised bid from Hinduja Group, sources said. Torrent Group, which emerged as the highest bidder with an Rs 8,640 crore offer, had moved the NCLT-Mumbai against Hinduja Group's late revised bid, which it had submitted after the completion of the e-auction process on December 21.
The government has reshuffled the board of IL&FS Ltd, which is undergoing debt resolution process, with existing board member C S Rajan being redesignated as the non-executive chairman. Nand Kishore, who was serving as an executive director, has been made the managing director, according to the company. In the wake of financial misdoings coming to light, the corporate affairs ministry had superseded the board of IL&FS in October 2018.
Bank of Baroda Q4 results: Key brokerages have raised their target prices on Bank of Baroda after the state-owned lender posted better-than-expected March quarter (Q4FY23) results. Analysts now see up to 29 per cent upside in the stock from a one-year perspective as they believe BoB is well-placed among the large public banks with nearly all key business metrics moving closer to the top-tier banks. Valuations, too, remain attractive despite steady strong quarterly performances.
India's high commissioner to Bangladesh Veena Sikri has sought premature retirement, upset over envoy Shiv Shankar Menon, who is two years junior to her, being appointed as the foreign secretary
For those who believed in her talent since Lootera, Dahaad is a truly rewarding experience, observes Sukanya Verma.
Jaishankar said his father was also a very upright person, "may be that caused the problem, I don't know".
Anirudha Kalkote, 24, was produced before a US magistrate in Houston on Friday to face the charges.
The revised guidelines for international arrivals will be effective from November 22, according to the Union ministry of health and family welfare.
Suppose NLP is weaponised to influence policymakers to go the wrong way on climate change, or launch military attacks on neighbouring countries, warns Devangshu Datta.
FIFA U-17 Women's World Cup 2021 scheduled to take place on 11-30 October 2022 will be held in India as planned.
Tata AIG, ICICI Lombard and Nippon Life have evinced interest for the profit-making insurance arm of Reliance Capital (RCap), joining several prominent financial companies from India and abroad in the race for RCap's assets. The final day to submit an expression of interest (EoI) was March 25 and the bidders will now get access to the latest information about RCap before they make financial bids.
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