The IPO market is set to be bustling next week, with 11 companies like Vishal Mega Mart, TPG Capital-backed Sai Life Sciences and fintech firm One Mobikwik Systems gearing up to launch their initial share sales, collectively aiming to raise nearly Rs 18,500 crore. Other mainboard IPOs to be launched during this period are Inventurus Knowledge Solutions Ltd and Blackstone-owned diamond grading firm International Gemmological Institute (India) Ltd.
Law enforcement officials from the US Department of Homeland Security have started visiting gurdwaras in New York and New Jersey to check for the presence of illegal immigrants, drawing a sharp reaction from some Sikh organisations which see such actions as a threat to the sanctity of their faith. The Trump administration has rescinded the Biden administration's guidelines that protected places of worship from immigration enforcement actions, leading to concerns that gurdwaras are being targeted. Sikh organisations argue that gurdwaras are not just places of worship but also vital community centres and that surveillance and raids by armed law enforcement would burden religious exercise and limit the ability of Sikhs to gather and associate with one another.
Trump's sweeping tariffs and penalties on China-built ships have turned global shipping into the front line of economic war, observes Shyam G Menon.
President Droupadi Murmu addressed both Houses of Parliament, highlighting the government's achievements in various sectors, including economic growth, social welfare, and infrastructure development. She emphasized the government's efforts to lift the economy out of "policy paralysis" and create a more inclusive society. Murmu also acknowledged the challenges posed by digital fraud and cybercrime and stressed the need for a social infrastructure revolution. The President's speech is considered a policy statement, outlining the government's vision and roadmap for the future.
The government wants a collaborative model with a public-private partnership to fact-check social media content.
Speaker Om Birla sought to calm down opposition members, noting that a different system was in place to run the Sansad TV after it was created following the merger of the Lok Sabha TV and the Rajya Sabha TV.
Launching a scathing attack on the Congress, Shiv Sena MP Shrikant Shinde wondered whether Indira Gandhi was also anti-Constitution as she had praised Savarkar as a "remarkable son of India".
Trump said that he and Putin agreed to have their respective teams start negotiations immediately and begin by calling Ukraine President Volodymyr Zelenskyy regarding the conversation.
'It has also outlived its initial purpose of reducing physical gold imports.'
'Will the LG be ready to rule with a light hand, having been vested with powers that amount to using a hammer to kill a fly?' asks Aditi Phadnis.
The situation outside the palace was tense with a heavy deployment of police to prevent any untoward incident. Stones were reportedly pelted from inside the palace.
While the capital spending is being maintained at 3.1 per cent of the GDP, a little more would have boosted economic growth even further, suggests Rajiv Memani.
'... and wants to become a man, things change.' 'The child no longer wants to listen to anyone, and the father doesn't stay silent.'
The Lok Sabha is set to witness a fierce debate on the no-confidence motion against the Bharatiya Janata Party-led government on Tuesday with Congress leader Rahul Gandhi, whose membership was restored following a Supreme Court direction, likely to be the lead speaker of the opposition bloc INDIA.
A case of culpable homicide not amounting to murder was registered on Friday against two members of the trust of the Indore temple where a floor cave-in a day earlier hurtled devotees into a stepwell, killing 36 persons, a police official said.
Russian President Vladimir Putin while speaking at his annual end-of-the-year news conference said that he was ready to discuss the possibility of reaching a compromise in talks with United States President-elect Donald Trump on the issue of Ukraine, Al Jazeera reported.
The Supreme Court of India has ruled that family members of an accused in domestic violence cases cannot be implicated without specific charges. The court emphasized the need for sensitivity in handling such cases, noting that emotions run high in matrimonial disputes and there may be a tendency to indiscriminately implicate family members. The court stressed that criminalizing domestic disputes without specific allegations and credible evidence could have disastrous consequences for the institution of family.
In the months immediately following the 2024 tragedy, reporting on the landslide per se had been a straightforward affair. On one side was death and destruction. On the other side, survivors and the business of survival. It was black and white. What direction to take was clear. Rehabilitation in comparison, felt like a complex situation. One that is fraught with shades of grey. As grey as human life, explains Shyam G Menon.
A large group of protesters vandalized and set fire to the residence of Bangladesh founder Sheikh Mujibur Rahman in Dhaka during a live online address by his daughter and deposed prime minister Sheikh Hasina. The incident occurred as Hasina was delivering a speech organized by the Awami League's now disbanded student wing Chhatra League, calling upon the countrymen to resist the current regime.
'He may respect others, but he is unlikely to admire them'
'Each side could consider challenging the NCLAT's stay order before the Supreme Court.'
India and China have implemented a pact on patrolling in Depsang and Demchok along the Line of Actual Control (LAC) in eastern Ladakh, as per agreed modalities and timelines. The agreement was reached on October 21 and includes provisions for disengagement and patrolling in the last two friction points in the region. The pact has been effected and implemented as agreed, with both sides resuming patrolling activities and grazing, where applicable, as per longstanding practice before the friction began. The terms of the disengagement agreements reached prior to the latest pact continue to hold in relevant areas in eastern Ladakh. The agreement applies mutually to both sides and is without prejudice to India's positions on the LAC or boundary lines. India and China are each carrying out one round of patrolling in Depsang and Demchok, but they have maintained their deployment of troops along the LAC. The focus now is on de-escalation of the overall situation. The agreement was endorsed by Prime Minister Narendra Modi and Chinese President Xi Jinping in a meeting in Kazan, Russia, signaling attempts to normalize ties.
Union Finance Minister Nirmala Sitharaman on Monday said people are finding current interest rates "very stressful" and urged banks to make them affordable. Speaking at an event organised by State Bank of India, the finance minister said that at present, India requires industry to ramp up and invest in new facilities, and added that lowering lending rates can help achieve the "Viksit Bharat" aspiration.
The president of the Akhil Bharatiya Akhara Parishad, Mahant Ravindra Puri, has demanded the evacuation of mosques built on ancient temples across India. Puri, who is also the president of the Mansa Devi Temple Trust in Haridwar, claims that around 80% of mosques in India are built on temples and that their domes resemble those of temples. He has appealed to Muslims to hand over such structures to Hindus and has called for the formation of a "Sanatan Board" to protect Hindu religious institutions. Puri also denied banning Muslims from attending the Maha Kumbh Mela, saying that they are welcome to visit and learn about Hinduism.
RSS chief Mohan Bhagwat has said that the date of Ram temple consecration in Ayodhya should be celebrated as "Pratishtha Dwadashi" as it marks the "true independence" of India, which faced "parachakra" (enemy attack) for several centuries. Bhagwat said that the Ram temple movement was not started to oppose anyone, but to awaken the "self" (swa) of Bharat so that the country could stand on its own feet and show the path to the world. He also said that the invaders destroyed temples of the country so that the "self" of India also perishes.
'The visit of the honourable PM with the workable strategy towards conflict resolution will help greatly.' 'But visiting the state without concrete proposals may not bring the desired outcome at this stage.'
A heated political battle erupted Tuesday over Arvind Kejriwal's claim of the Haryana government 'poisoning' the Yamuna water, with the Bharatiya Janata Party saying he cannot be forgiven for his 'dangerous statement', while the Aam Aadmi Party chief asserted he won't let the people of Delhi die due to the dirty, poisonous water.
Amidst rumblings within the state Bharatiya Janata Party seeking a change of leadership in strife-torn Manipur, Chief Minister N Biren Singh on Sunday tendered his resignation to Governor Ajay Kumar Bhalla at the Raj Bhavan in Imphal.
Hailing the Bharatiya Janata Party's Delhi assembly polls victory as 'historic', Prime Minister Narendra Modi on Saturday launched a stinging attack on the Aam Aadmi Party and the Congress, saying the country needs a serious political transformation and not politics of 'dhoort-ta (deceit) and moorkhta (foolishness)'.
Reserve Bank Governor Shaktikanta Das on Tuesday said the fiscal-monetary coordination was at its best during the last six years even as he thanked Prime Minister Narendra Modi for giving the opportunity to head the monetary authority of the country. Das, in a series of posts on X, on his last day of his six-year term as RBI Governor, also thanked the Finance Minister, various stakeholders and his colleagues at the central bank.
The Sebi board on Wednesday approved a series of measures, including stricter regulatory norms for SME IPOs, a comprehensive overhaul of investment banking regulations, and an expanded definition of Unpublished Price Sensitive Information (UPSI). Also, the board approved reforms to boost ease of doing business for Debenture Trustees, ESG rating providers, InvITs, REITs, and SM REITs.
Implications for capital gains, wealth taxes, and investment strategies require careful consideration, notes Anil Rego, founder and CEO, RightHorizons.
rediffGURU Anu Krishna, a mental health coach, offers advice on how to take charge of your life.
Troubled edtech firm Byju's founder Byju Raveendran on Thursday said that he is willing to pay back the entire money to lenders if they are willing to work with him. During a two-and-a-half-hour call with the media, Raveendran said that lenders will not get any money if the process of insolvency against the company continues. "If they are willing to work with me, I am willing to give them money back before I take a single rupee out.
It was a protest which held a mirror to the government of a state taking pride in its commitment to democracy, gender equality and social indices.One person, who in his employed days had known governments and political parties at close quarters, told me that public perception of how the Kerala government handled the ASHA workers' strike had been terrible, reports Shyam G Menon.
Virat Kohli, struggling for form, will be playing in Delhi's last league game against Railways at the Kotla from January 30.
The Congress party suffered a crushing defeat in the Delhi elections, failing to secure a single seat in the 70-member assembly for the third consecutive time. Key candidates, including Sheila Dikshit's son, Sandeep Dikshit, lost their deposits. The only consolation for the party was a slight improvement in its vote share, which they attribute to a vigorous campaign and a renewed focus on contesting elections independently. However, the defeat raises questions about the party's ability to compete in the upcoming 2024 Lok Sabha elections, particularly in light of its performance in other recent state elections.
Neelam Gorhe is the Maharashtra Legislative Council Deputy Chairperson.
RBI Deputy Governor Swaminathan J has asked banks to follow KYC guidelines with both "precision and empathy", failing which regulatory actions will be taken against them by the central bank. Addressing a Conference of Directors of Private Sector Banks here on Monday, the Deputy Governor also expressed concern that in many cases, customer grievance mechanisms, including the Internal Ombudsman structure, are treated more as a formality than as a robust, effective resource.
Vaishnaw told reporters that the government had recently issued a notice to companies on the deepfake issue, and the platforms responded, but added that the firms will have to be more aggressive in taking action on such content.
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