Invesco, the single largest shareholder of Zee Entertainment Enterprises Ltd (ZEEL), on Wednesday said it had tried to facilitate a possible deal between Reliance and the company but refuted claims it had pushed for the transaction at a lower valuation. The latest statement from Invesco comes a day after ZEEL chief Punit Goenka told the company's board that Invesco had come with a proposal in February for a merger with certain entities owned by a large Indian group (Strategic Group) with inflated valuation "by at least Rs 10,000 crore". In a statement on Wednesday, Invesco mentioned that Reliance was the large Indian group.
Rahman had received Rs 3,47,77,200 from Libra Mobile during 2010-11 in his individual capacity as an artiste which must have been considered for taxation and this was not considered by the Assessing Officer in the reassessment order.
Reliance Capital Ltd (RCL), part of the debt-ridden Anil Ambani-promoted Reliance Group, has received 10 more bids, including from SBI Life, for its subsidiaries, sources said. Earlier this month, the Committee of Debenture Holders had extended the last date for submission of expression of interest (EoI) to December 17, 2020. Following this, 10 new bids have come in for Reliance Capital's assets, taking the total number of bids to 70, the sources said.
Franklin Templeton Mutual Fund on Thursday said its six shut schemes have received Rs 11,907 crore from maturities, pre-payments and coupon payments since closing down in April. Franklin Templeton MF had shut six debt mutual fund schemes on April 23, citing redemption pressures and lack of liquidity in the bond market. The schemes -- Franklin India Low Duration Fund, Franklin India Dynamic Accrual Fund, Franklin India Credit Risk Fund, Franklin India Short Term Income Plan, Franklin India Ultra Short Bond Fund, and Franklin India Income Opportunities Fund -- together had an estimated Rs 25,000 crore as assets under management.
British Prime Minister Boris Johnson, who landed in Ahmedabad on Thursday morning on a two-day India visit, was accorded a grand welcome at the airport in Ahmedabad. Soon after, he visited Sabarmati Ashram in the company of Gujarat Chief Minister Bhupesh Patel.
A high-level meeting, attended by Prime Minister Narendra Modi, on Saturday discussed ways to make the Somnath temple complex in Gujarat more attractive for tourists and create the related infrastructure for the purpose.
Prime Minister Narendra Modi and US President Joe Biden on Friday remembered Mahatma Gandhi, a week ahead of his birth anniversary on October 2, recalling the values advocated by the apostle of peace of non-violence, tolerance, respect and human trusteeship.
Shamshad said according to Muslims, there is a graveyard known as 'Ganj Shahidan' around the demolished Babri Masjid where 75 Muslims who lost their lives in the 1885 riots in Ayodhya were buried.
Besides the talisman and Gandhi's autobiography, the Sabarmati Ashram Preservation and Memorial Trust gifted Trump and Melania three handspun khesh (a form of fabric) made up of khadi that is inspired by a sari of Gandhi's wife Kasturba Gandhi, a booklet containing 150 quotes of the Mahatma, printed on khadi paper, an official of the trust said.
The Bharatiya Janata Party on Saturday accused Ahmed Patel of having "deep relations" with a Gujarat hospital where an alleged Islamic State operative worked before his arrest, even as the Congress defended its senior leader, dubbing the demand for his resignation from the Rajya Sabha as "outrageous".
The banned Chinese apps, which include TikTok, Shareit and UC Browser, earn revenue mainly from online advertisements, subscriptions, and commissions for selling products. India is the biggest driver of these Chinese apps due to the population. The ban on the 59 Chinese apps will negatively affect the valuations of the companies, especially those going for IPO.
The Trimbakeshwar Temple authorities have gone back on their April 3 resolution wherein they decided to ban entry of men too into the core worship area at the famous Lord Shiva shrine in Nashik.
Sheetal, 39, took the extreme step following a recent public spat with other members of the Amte family over the management of Maharogi Seva Samiti, a social service organisation founded by Baba Amte, a recipient of the Ramon Magsaysay Award and Padma Vibhushan, who died in 2008.
Allaying investors' fears, Franklin Templeton AMC has said Sebi's order prohibiting the company from launching new debt funds will have no bearing on existing schemes managed by it. Sebi on Monday barred Franklin Templeton Asset Management (India) from launching any new debt scheme for two years and imposed a penalty of Rs 5 crore for violating regulatory norms in the case of winding up of six debt schemes in 2020. Also, it has been asked to refund investment management and advisory fees of over Rs 512 crore (including interest) collected with respect to the six debt schemes. This amount will be used to repay unitholders, as per Sebi order.
However, the famous Sai Baba temple in the town will remain open, its trustees said on Saturday.
The Delhi high court on Friday advanced to December 10 the hearing on pleas to declare the Prime Minister's Citizen Assistance and Relief in Emergency Situations Fund a 'State' under the Constitution and a 'public authority' under the Right to Information Act to ensure transparency in its functioning.
Last day for bid over; Mahindra is said to be one of those interested.
Over five crore provident fund subscribers governed by the EPFO will get 8.75 per cent interest on their deposits for the current fiscal.
'To get success in business one should know how to create and attract talent and how to retain it.'
The Securities Appellate Tribunal has stayed a Sebi order that barred Franklin Templeton's Asia Pacific head Vivek Kudva and his wife Roopa from the securities market for one year.
Microsoft co-founder and philanthropist Bill Gates and his wife Melinda Gates have announced the decision to end their marriage after 27 years, saying "we no longer believe we can grow together as a couple in the next phase of our lives".
The trustees would meet at the regional office of the EPFO in Bengaluru, the capital of the Labour Minister Mallikarjun Kharge's home state Karnataka.
Opposing the Centre's stand that the PM CARES Fund was not a government fund, a lawyer told the Delhi High Court Wednesday that there was no factor to show that the fund was private in nature.
The meeting came a day after the Shri Ram Janmabhoomi Teertha Kshetra, set up recently to oversee the construction of a Ram temple in Ayodhya, met for the first time on Wednesday.
Reliance Capital Asset Management Company (RCAM) and ICICI Securities Primary Dealership have been selected to manage Rs 60,000 crore (Rs 600 billion) provident fund corpus of coal industry workers.
Parents should secure thier special child's future.
There was no postal intimation to unitholders who didn't have a registered email address, according to a letter that Midas Touch Investors Association sent to Sebi.
Mahant Nritya Gopal Das was elected president and Champat Rai general secretary of the Ram Temple trust at its first meeting in New Delhi on Wednesday.
The PM CARES Fund is not a Government of India fund and the amount collected by it does not go to the Consolidated Fund of India, the Delhi High Court has been informed.
The university in Haryana's Sonipat became the centre of a controversy earlier this week, when Mehta, who had resigned as its vice chancellor two years back, chose to step down as professor, saying that the founders made it "abundantly clear" that his association with the institution was a "political liability".
Senior journalist Ram Bahadur Rai, former news editor of Hindi daily Jansatta, replaces Chinmaya Gharekhan.
The government on Wednesday named nine out of 15 members of the 'Shri Ram Janambhoomi Teertha Kshetra' trust constituted for the construction of Ram temple in Ayodhya as mandated by the Supreme Court. Here's all you need to know about the members of the trust who have been named so far.
Retirement fund body EPFO has retained 8.5 per cent interest rate on employees' provident fund (EPF) for 2019-20 for its over six crore members as decided earlier, and also began crediting the same into their accounts on Thursday. A large number of the members of the Employees' Provident Fund Organisation (EPFO) would be able to see their updated EPF accounts with credit of 8.5 per cent interest for 2019-20, from Friday, a senior official told PTI. The official further said the labour ministry has already sent the direction to credit the 8.5 per cent interest on EPF for 2019-20 to the EPFO, and the body has already started crediting interest into the members' account for the last financial year.
'We were taking the Starbucks experience from the store to the home.'
Afsar Dayatar/Rediff.com captures on video an unusual basketball camp held in Mumbai recently.
This is part of the first batch of Supplementary Demands for Grants for 2020-21 moved by Finance Minister Nirmala Sitharaman in the Lok Sabha.
R Venkataramanan, the managing trustee of the Sir Dorabji Tata Trust who is responsible for all Tata-run trusts, prefers to keep a low profile but has emerged as a power centre in the group - with more clout than many established CEOs, says Dev Chatterjee.
The Supreme Court on Wednesday declined a plea filed by Padmanabhaswamy Temple Trust seeking to exempt it from the audit of 25 years as ordered by the top court last year.
The government on Thursday said it has extended the Emergency Credit Line Guarantee Scheme (ECLGS) to the health sector and 26 other sectors identified by the Kamath Committee. The National Credit Guarantee Trustee Company Limited (NCGTC) has issued the operational guidelines for implementation of ECLGS 2.0 scheme, the finance ministry said in a statement. The scheme was announced by the government earlier this month as part of the Rs 2.65 lakh crore Atmanirbhar Bharat 3.0 package.
