New Delhi: The much-anticipated meeting of the Parliamentary Standing Committee on Finance was adjourned after SEBI Chairperson Madhabi Puri Buch failed to attend. Buch was expected to face questions on critical regulatory matters and SEBI’s role in overseeing financial markets, but her absence raised concerns among committee members. The panel had planned to address pressing Read More…
The Supreme Court is poised to deliver its verdict tomorrow on a significant plea contesting the settlement between Byju’s, the prominent edtech company, and the Board of Control for Cricket in India (BCCI). This case has garnered considerable attention due to its potential impact on a key sponsorship agreement. The court’s ruling is anticipated to Read More…
India has taken a major leap in bolstering its naval defense by launching its fourth nuclear-powered ballistic missile submarine. Approved by the Cabinet Committee on Security (CCS) on October 9, this state-of-the-art vessel is designed to reinforce India’s maritime security and strategic deterrence. The new submarine, equipped with advanced technology and ballistic missile capabilities, joins Read More…
The eastern coast of India is on high alert as a low-pressure system over the Bay of Bengal has intensified into a depression. According to the Indian Meteorological Department (IMD), the depression is located about 730 km southeast of Paradip, Odisha, as of 5:30 am today. This weather system is expected to strengthen further, potentially Read More…
Wayanad: Congress stalwart Sonia Gandhi is gearing up to spearhead her daughter Priyanka Gandhi’s electoral debut in the upcoming Wayanad by-election. The bypoll was triggered when sitting MP Rahul Gandhi vacated the Wayanad seat to retain his Raebareli constituency in Uttar Pradesh. Sonia Gandhi, accompanied by Rahul, will join Priyanka in Wayanad for her nomination Read More…
By our Commercial Correspondent Mumbai: The Reserve Bank of India (RBI) has ordered on Oct 17 four non-banking financial corporations (NBFCs) to cease and desist from sanction and disbursal of loans, charging them with usurious pricing and other regulatory deviations. The NBFCs rapped by the central bank are : Asirvad Micro Finance Ltd, the MFI Read More…
The GST Council has announced a reduction in tax rates for essential items, cutting the GST on 20-litre water bottles and bicycles to 5%. Meanwhile, luxury goods such as shoes, watches, and beauty products will face higher tax rates. The move is designed to make everyday commodities more affordable while increasing the burden on premium Read More…
By Our Legal Corresondent New Delhi: A Special Bench of the Supreme Court on Oct 18 recalled its August 23, 2022 judgment which declared provisions and amendments made in the benami property law “unconstitutional and manifestly arbitrary”. The Bench, headed by Chief Justice of India D Y Chandrachud referred the case for fresh adjudication. The Read More…
By our Special Correspondent New Delhi: The Enforcement Directorate (ED) has attached 35 immovable properties worth Rs 56.56 crore in connection with the money laundering probe against the banned Popular Front of India (PFI). The outfit had more than 13,000 active members in Singapore, Kuwait, Oman, Qatar, Saudi Arabia and the United Arab Emirates , Read More…
India has seen a surge in bomb threats targeting both domestic and international flights in the past week, affecting major airlines like IndiGo, Air India, SpiceJet, Vistara, and Akasa Air. Approximately 70 such threats have been reported, causing significant disruptions. Over 10 flights were grounded or diverted in a span of 48 hours, prompting aviation Read More…