Whenever possible, the karta or head of the family should openly discuss the future distribution of movable and immovable property with all legal heirs.
Former Supreme Court judge B Sudhershan Reddy is the joint candidate of the Opposition parties for the Vice-Presidential polls, Congress President Mallikarjun Kharge announced.
'We met Gulzar sahab at his residence to honour him with the Jnanpith Award. Gulzar sahab's son-in-law Govind Sandhu, filmmaker Vishal Bhardwaj, his wife Rekha, and a few writers were present on this occasion.'
GST 2.0 may cushion consumers against US tariffs, but like the 2019 corporate tax cut, it risks being another tactical fix rather than a structural growth strategy, expects Debashis Basu.
The Securities and Exchange Board of India (Sebi) has approved a proposal from a startup to test fractional shares in its innovation sandbox, marking a potential shift in the Indian equity landscape. This represents a change in stance from 2021, when Sebi rejected a similar proposal in the regulatory sandbox, primarily due to concerns over the custody of fractional shares.
HDFC Bank's managing director and chief executive officer Sashidhar Jagdishan has approached the Bombay high court, seeking quashing of the FIR registered against him based on the financial fraud allegations made by the Lilavati Trust, which oversees the Mumbai-based Lilavati Hospital.
Police in Shahapur, Maharashtra, have registered a case against a school principal and teachers for allegedly forcing female students to strip to check for menstruation after bloodstains were found in a school toilet.
A flag-hoisting ceremony is planned for the Ram temple in Ayodhya in November, with Prime Minister Narendra Modi likely to be the chief guest. The Shri Ram Janmbhoomi Teerth Kshetra trust has shortlisted two dates in November for the event, with preparations gaining momentum.
Lord Meghnad Desai, renowned British Indian economist and House of Lords peer, has died at the age of 85. Tributes pour in from political figures and colleagues.
Lilavati Kirtilal Mehta Medical Trust (LKMM Trust) on Friday said it has filed a Rs 1,000 crore civil defamation lawsuit against HDFC Bank MD & CEO Sashidhar Jagdishan, over a series of malicious, and false statements made against the Trust and its permanent trustee, Prashant Mehta.
The Supreme Court has put on hold the Uttar Pradesh government's plan to develop the Shri Banke Bihari Temple Corridor in Vrindavan, citing a lack of consultation with key stakeholders. The court questioned the state's approach and the urgency of enacting an ordinance to take over the temple's management.
In a big relief to Reliance Infrastructure, appellate tribunal NCLAT on Wednesday stayed the insolvency proceedings against the company. Reliance Infrastructure in a regulatory filing said that the National Company Law Appellate Tribunal (NCLAT) suspended the order passed by the NCLT over an appeal filed by it.
Your AMC shuts shop. Panic? Wait. What happens next isn't what most fear.
A mob attacked police personnel during the demolition of an unauthorized dargah in Nashik, Maharashtra, injuring 21 officers and damaging three police vehicles. The incident occurred late Tuesday night after the Nashik Municipal Corporation (NMC) began removing the Satpeer Baba Dargah following a Bombay High Court order. Police used tear gas and batons to disperse the mob and detained 15 individuals in connection with the violence. The situation is now under control, with the dargah demolished and an FIR filed against the perpetrators.
Launching a fresh attack on HDFC Bank MD and CEO Sashidhar Jagdishan, Lilavati Kirtilal Mehta Medical Trust (LKMM Trust) on Monday said the trust or its permanent trustee Prashant Kishor Mehta has no outstanding dues to the private bank. It has never borrowed a single rupee from the bank nor they are connected to the borrowing company (Splendour Gems Ltd) in question whatsoever, LKMM said in a statement.
Any industrial policy is only as good as how it is applied and the other reforms that support it. This was as true 40 years ago as it is now, points out Debashis Basu.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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