News for 'trustee'

Schoolgirls checked for menstruation: Principal axed after arrest

Schoolgirls checked for menstruation: Principal axed after arrest

Rediff.com10 Jul 2025

Police in Thane have arrested a school principal and staff member after allegations that girl students were forced to strip to check for menstruation. The incident sparked outrage among parents, leading to protests and a police investigation.

Sharad, Ajit Pawar share stage for 3rd time in 15 days

Sharad, Ajit Pawar share stage for 3rd time in 15 days

Rediff.com21 Apr 2025

Sharad Pawar and his nephew Ajit, who heads the Nationalist Congress Party, are part of rival alliances in Maharashtra since the latter rebelled against his uncle in 2023 and joined the then BJP-Shiv Sena government.

5 held for illegally collecting rent for 17 yrs from waqf properties in Guj

5 held for illegally collecting rent for 17 yrs from waqf properties in Guj

Rediff.com20 Apr 2025

Five individuals have been arrested in Ahmedabad, India, for allegedly impersonating trustees and collecting rent for 17 years from properties belonging to two Waqf Board-registered trusts. The accused, who are not actual trustees, constructed around 100 houses and shops on the trust land and collected rent from them, misusing the properties for personal benefits. An FIR has been registered against them for cheating and forging documents.

Jio Financial gets Sebi nod for mutual fund business

Jio Financial gets Sebi nod for mutual fund business

Rediff.com27 May 2025

Jio BlackRock Asset Management Pvt Ltd, a 50:50 joint venture between Jio Financial Services Ltd (JFSL) and US-based BlackRock, has received regulatory approval from the capital market regulator Sebi to commence operations as an investment manager for its mutual fund business. The Securities and Exchange Board of India (Sebi), vide letter dated May 26, 2025, has granted the certificate of registration to 'Jio BlackRock Mutual Fund' and approval to Jio BlackRock Asset Management Private Limited to act as the Asset Management Company for Jio BlackRock Mutual Fund, JFSL said in a regulatory filing.

Rakesh Gangwal, family trust sell 5.7% stake in IndiGo for Rs 11,385 crore

Rakesh Gangwal, family trust sell 5.7% stake in IndiGo for Rs 11,385 crore

Rediff.com27 May 2025

InterGlobe Aviation promoter Rakesh Gangwal and his family trust on Tuesday sold a 5.7 per cent stake in the airline for about Rs 11,385 crore ($1.33 billion) through a block deal, according to sources. Apart from Gangwal, the Chinkerpoo Family Trust, whose trustees are Shobha Gangwal and JP Morgan Trust Company of Delaware, has also participated in the transaction for divesting its stake in IndiGo, the country's largest airline, the sources said.

Pak ex-PM Imran Khan likely to be released from jail on June 11

Pak ex-PM Imran Khan likely to be released from jail on June 11

Rediff.com8 Jun 2025

The Islamabad high court is set to hear the petitions requesting the suspension of sentences to Khan and his wife Bushra Bibi in the 190 million Pound Al-Qadir Trust case on June 11.

Pune Porsche case doctor now held in kidney transplant racket

Pune Porsche case doctor now held in kidney transplant racket

Rediff.com30 May 2025

The Pune police in May 2022 registered a case against 15 persons, including the managing trustee of the Ruby Hall Clinic and some of its employees, in connection with an alleged malpractice during a kidney transplant procedure in March that year.

Actor Prajakta's Mahashivratri performance at Maha temple faces opposition

Actor Prajakta's Mahashivratri performance at Maha temple faces opposition

Rediff.com25 Feb 2025

Actor Prajakta Mali's scheduled dance performance at the Trimbakeshwar temple in Maharashtra on Mahashivratri has been met with opposition from several quarters, including the Archaeological Survey of India (ASI). The ASI has asked the temple authorities not to organize a cultural event at the protected monument, citing a violation of the Ancient Monuments and Archaeological Sites and Remains (AMASR) Act, 1958 and its Rules, 1959. Former trustees of the temple have also expressed concerns about the event, citing the potential for large crowds and law and order issues. The temple authorities, however, have defended their decision, stating that the performance was agreed upon unanimously and that any objections should be made in writing.

Public-promoter confusion deepens with switches across companies

Public-promoter confusion deepens with switches across companies

Rediff.com24 May 2025

There have been multiple instances of the same entity appearing as both a public shareholder as well as under the promoter classification in some listed companies. And this dual-classification happened in the same quarter, according to data compiled by primedatabase.com.

Pran Pratishtha 2.0: Raja Ram consecrated at Ayodhya temple

Pran Pratishtha 2.0: Raja Ram consecrated at Ayodhya temple

Rediff.com5 Jun 2025

According to Hindu scriptures, Ganga Dussehra marks the day the holy river Ganga descended to Earth from Lord Shiva's locks, moved by King Bhagirath's penance. The day is considered highly auspicious and symbolises virtue, penance, and the collective well-being of humanity.

BMC transfers assistant commissioner after Jain temple demolition

BMC transfers assistant commissioner after Jain temple demolition

Rediff.com19 Apr 2025

The Brihanmumbai Municipal Corporation (BMC) transferred an assistant municipal commissioner after the demolition of a Jain temple in Vile Parle sparked a controversy. The demolition of the temple, which the BMC claimed was an unauthorized structure, led to protests from the Jain community. The transferred officer was in charge of the K-east ward where the temple was located.

Why Maha temples want to implement dress code for devotees

Why Maha temples want to implement dress code for devotees

Rediff.com13 Apr 2025

Temples across Maharashtra are increasingly adopting dress codes for visitors, urging devotees to wear modest and traditional attire. While temple trusts argue that these codes maintain sanctity, visitors have mixed reactions. The trend, which started with the Shree Siddhivinayak Ganpati Temple in Mumbai, has spread to other temples, including those in Pune, Ratnagiri, and Ahilyanagar. The move has been welcomed by some, who believe it promotes respect and decorum within religious spaces. However, others argue that it is unnecessary and restrictive. Right-wing organizations are advocating for similar dress codes across all temples in Maharashtra, including prominent state-run temples like the Shirdi Sai Baba Temple.

Infosys co-founder, former IISc director booked under SC/ST Act

Infosys co-founder, former IISc director booked under SC/ST Act

Rediff.com28 Jan 2025

A case was registered against Infosys co-founder Senapathy Kris Gopalakrishnan, former IISc Director Balaram and 16 others under the Prevention of SC/ST Atrocities Act. The case was filed based on the directions of the 71st city civil and session court (CCH). The complainant, Durgappa, who belongs to the tribal Bovi community, alleged that he was falsely implicated in a honey trap case and dismissed from service in 2014. He further claimed he was subjected to casteist abuse and threats.

EPFO retains 8.25% interest rate for 2024-25

EPFO retains 8.25% interest rate for 2024-25

Rediff.com28 Feb 2025

Retirement fund body EPFO on Friday retained an interest rate of 8.25 per cent on employees' provident fund (EPF) deposits for 2024-25, sources said. In February 2024, the Employees' Provident Fund Organisation (EPFO) had increased the interest rate on EPF marginally to 8.25 per cent for 2023-24, from 8.15 per cent in 2022-23.

Ratan Tata, ex-SC judge Thomas appointed as trustees of PM Cares Fund

Ratan Tata, ex-SC judge Thomas appointed as trustees of PM Cares Fund

Rediff.com21 Sep 2022

Prime Minister Narendra Modi has lauded the people for contributing wholeheartedly to the PM CARES Fund as he chaired its meeting which was also attended by newly-nominated trustees Justice K T Thomas, former deputy Lok Sabha speaker Kariya Munda and Ratan Tata, the PMO said on Wednesday.

Erstwhile royal family member Arvind Singh Mewar dies at 81

Erstwhile royal family member Arvind Singh Mewar dies at 81

Rediff.com16 Mar 2025

Arvind Singh Mewar, a member of the erstwhile royal family of Mewar and the chairman of the HRH group of hotels, died early Sunday in Udaipur after a prolonged illness. Mewar, 81, was a descendant of Rajput king Maharana Pratap and was ill for a long time. He is survived by his wife, son, and two daughters. The funeral will take place on Monday. Mewar was known for his career in the hospitality industry and for his involvement in sports, including cricket and polo. He was also an avid pilot and a philanthropist. He was the younger son of Bhagwant Singh Mewar and Sushila Kumari. His elder brother Mahendra Singh Mewar died in November last year. There have been conflicts and issues between his descendants regarding the leadership of the house of Mewar and a property dispute.

Sebi board decides to tighten SME IPO norms and more

Sebi board decides to tighten SME IPO norms and more

Rediff.com19 Dec 2024

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.

Market regulator Sebi extends MF expense structure to new asset class

Market regulator Sebi extends MF expense structure to new asset class

Rediff.com18 Dec 2024

Specialised investment fund (SIF), a new asset class, will have the same expense structure as that of mutual funds (MFs), according to rules notified by the Securities and Exchange Board of India (Sebi). SIF, which was first proposed by Sebi in July 2024, aims to fill the gap between MFs and portfolio management services (PMS), and it looks at informed investors, who are willing to take riskier bets.

Franklin Templeton AMC's senior officials, trustee fined

Franklin Templeton AMC's senior officials, trustee fined

Rediff.com14 Jun 2021

Sebi on Monday imposed a penalty totalling Rs 15 crore on senior officials of Franklin Templeton AMC and its trustee for violating regulatory norms in the case of winding up of six debt schemes in 2020. However, a spokesperson of Franklin Templeton said they disagree with the findings in Sebi's order and intend to file an appeal with the Securities Appellate Tribunal (SAT). A fine of Rs 3 crore has been levied on Franklin Templeton Trustee Services Pvt Ltd and Rs 2 crore each on Franklin Asset Management (India) Pvt Ltd President Sanjay Sapre and its chief investment officer Santosh Kamat, according to the Sebi order. In addition, the regulator imposed a penalty of Rs 1.5 crore each on fund managers -- Kunal Agarwal, Pallab Roy, Sachin Padwal Desai and Umesh Sharma -- as well as former fund manager Sumit Gupta.

Insider trading norms for MFs to be applicable from Nov 1

Insider trading norms for MFs to be applicable from Nov 1

Rediff.com22 Oct 2024

All transactions in the units of an asset management company's mutual funds exceeding Rs 15 lakh executed by designated persons, trustees, or their immediate relatives must be reported to the compliance officer within two business days from such transactions, Sebi said on Tuesday. The threshold of Rs 15 lakh could be either in a single transaction or multiple transactions within a quarter, per PAN, across all schemes except exempted ones. The new rules will be applicable from November 1, the Securities and Exchange Board of India (Sebi) said in a circular.

Burmans vs Gaekwad: Who will manage to acquire Religare Enterprise?

Burmans vs Gaekwad: Who will manage to acquire Religare Enterprise?

Rediff.com27 Jan 2025

The race to acquire diversified fintech firm Religare Enterprise Limited (REL) intensified as Dabur group promoters, the Burman family, said it was going ahead with the open offer on Monday and claimed that the counter offer made by US-based businessman Digvijay Gaekwad wasn't valid and will not stand scrutiny of market regulator Sebi. The Burman family claimed that the competing offer falls outside the 15-day window stipulated by the Sebi takeover code, following their initial offer on October 4th, 2023.

How Sebi plans to ensure greater transparency and ease of doing business

How Sebi plans to ensure greater transparency and ease of doing business

Rediff.com25 Mar 2025

Under its new chairman Tuhin Kanta Pandey, the Securities and Exchange Board of India (Sebi) has gravitated towards greater transparency and ease of doing business, setting an objective of "effective and optimum" regulation. On Monday, during its first board meeting under Pandey, the regulator has decided to constitute a high-level committee (HLC) to review conflicts of interest and unveiled initiatives to simplify regulatory processes.

Tata CSR Money May Go To Ratan Trust

Tata CSR Money May Go To Ratan Trust

Rediff.com17 Feb 2025

As the Ratan Tata Endowment Foundation and Trust are new entities, the continuous CSR fund flows from Tata Sons will help it undertake new projects.

Nagpur violence premeditated, says Fadnavis; curfew in parts of city

Nagpur violence premeditated, says Fadnavis; curfew in parts of city

Rediff.com18 Mar 2025

Nagpur Guardian Minister Chandrashekhar Bawankule said social media was used to vitiate the atmosphere, and appealed to the opposition not to politicise the matter.

How Will Trump's Tariff Threat Affect India?

How Will Trump's Tariff Threat Affect India?

Rediff.com19 Mar 2025

Unless something changes, Mr Trump is a huge threat right now, which is perhaps not being recognised fully, cautions Debashis Basu.

'Ancient Mantras In A Global Bed Of Music'

'Ancient Mantras In A Global Bed Of Music'

Rediff.com5 Feb 2025

'It was great to have the Indian roots reflected in full force.'

Tushar Shah To Travel to Space On Tue

Tushar Shah To Travel to Space On Tue

Rediff.com22 Feb 2025

Blue Origin's 10th human flight, NS-30, will lift off from Launch Site in West Texas on Tuesday, February 25.

NIA raids multiple spots in Mumbai, Thane, detains Haji Ali dargah's trustee

NIA raids multiple spots in Mumbai, Thane, detains Haji Ali dargah's trustee

Rediff.com9 May 2022

The National Investigation Agency on Monday detained gangster Chhota Shakeel's aide Salim Qureshi aka Salim Fruit and a trustee of the Haji Ali Dargah in Mumbai after conducting raids at over 20 places in the city and in adjoining Thane district against associates of fugitive underworld don Dawood Ibrahim, an official said.

Who's Who In Tata Trusts

Who's Who In Tata Trusts

Rediff.com11 Oct 2024

The Tata Trusts, led by the Sir Ratan Tata Trust and the Sir Dorabji Tata Trust, hold a 66 per cent stake in Tata Sons, the Tata group's holding company.

Devotee drops iPhone in 'hundi', TN temple says 'God's property'

Devotee drops iPhone in 'hundi', TN temple says 'God's property'

Rediff.com21 Dec 2024

As per the practises and tradition at the temples, any offerings made into the hundial directly goes into the account of the deity of that temple. Rules do not permit the administration to return the offerings back to the devotees, Babu told reporters in Chennai.

Jaipur Lit Fest: Words Against War

Jaipur Lit Fest: Words Against War

Rediff.com28 Jan 2025

'Our fractured world has been embroiled in wars and hatred, and many sessions reflect these concerns.'

Hamza Shehbaz can be 'trustee' of Punjab till Mon, rules Pak SC

Hamza Shehbaz can be 'trustee' of Punjab till Mon, rules Pak SC

Rediff.com24 Jul 2022

Pakistan's Supreme Court on Saturday allowed Hamza Shehbaz to remain as the 'trustee' Punjab province chief minister till hearing resumes on Monday, but barred him from using his powers for 'political gains' during this period.

'Noel Tata Should Be Inducted Into Tata Sons Soon'

'Noel Tata Should Be Inducted Into Tata Sons Soon'

Rediff.com12 Oct 2024

'The quality of a leader should be such that even if the leader is not there, the institution carries on.'

Imran Khan, wife sentenced to 14 and 7 years in jail for corruption

Imran Khan, wife sentenced to 14 and 7 years in jail for corruption

Rediff.com18 Jan 2025

A Pakistani court sentenced jailed former prime minister Imran Khan and his wife Bushra Bibi to 14 and 7 years in prison respectively after finding them guilty of corruption in the 190 million pounds al-Qadir Trust case. The verdict was announced in a makeshift court set up in Adila jail where Khan is currently lodged. Khan has been convicted for "corrupt practices" and "misuse of authority", while his wife has been convicted for "involvement in illegal activities". The court also ordered the confiscation of the land of Al-Qadir University set up by them. Supporters of Khan's Pakistan Tehreek-e-Insaf (PTI) party staged a protest outside Parliament House, demanding his release. Khan claims all cases against him were politically motivated.

Clashes at Udaipur Palace over royal family feud

Clashes at Udaipur Palace over royal family feud

Rediff.com26 Nov 2024

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.

Failure to disclose foreign assets, income to invite Rs 10L penalty: I-T dept

Failure to disclose foreign assets, income to invite Rs 10L penalty: I-T dept

Rediff.com17 Nov 2024

The Income-Tax Department on Sunday cautioned taxpayers that failure to disclose assets held abroad or income earned in foreign shores in the ITR can attract a penalty of Rs 10 lakh under the anti-black money law. The department issued a public advisory as part a compliance-cum-awareness campaign launched recently by it on Saturday to ensure that such information is reported by the assessee in their Income Tax Return (ITR) for assessment year (AY) 2024-25.

BMC drops plan to raze illegal portion of Dharavi mosque after protest

BMC drops plan to raze illegal portion of Dharavi mosque after protest

Rediff.com21 Sep 2024

A large number of police personnel have been deployed there to prevent any untoward incident in view of the prevailing situation, he said.

After row, economist Ajit Ranade quits as Gokhale Institute VC

After row, economist Ajit Ranade quits as Gokhale Institute VC

Rediff.com4 Nov 2024

Ranade was earlier removed from the position on September 14 by the then chancellor Bibek Debroy, after a fact-finding committee concluded that his appointment as the GIPE's VC did not conform to the UGC regulations on minimum qualifications for the appointment of teachers and other academic staff.

No place for Sai Baba in temples: Shankaracharya boycotts Shimla event

No place for Sai Baba in temples: Shankaracharya boycotts Shimla event

Rediff.com24 Oct 2024

Jyotispeethadheeswar Shankaracharya Avimukteshwaranand Saraswati, who was scheduled to participate in the "Gau Dhwaj" hoisting programme at the Ram temple in Shimla, boycotted the event and did not visit the shrine.

Mewar's Royal Vs Royal Battle Continues

Mewar's Royal Vs Royal Battle Continues

Rediff.com27 Nov 2024

Mahendra Singh, whose death has convulsed the Mewar royal family's succession issues, was himself excluded from the family trust by his father who gave control to the younger son, Arvind Singh. It is this decision that years later has cast a shadow on Vishvaraj Singh's coronation, reports Prakash Bhandari.