MUMBAI: RBI has stated that Tata Sons’ application for de-registration as an NBFC is under examination. This is the first time the central bank has confirmed the development, which aims to avoid a listing of the holding company for the Tata Group.The disclosure was made by RBI while releasing the list of non-banking finance companies…
NEW DELHI: India Thursday welcomed the announcement of the agreement for the release of hostages and a ceasefire in Gaza, expressing hope it will lead to a safe and sustained supply of humanitarian assistance to the people of Gaza.“We have consistently called for release of all hostages, ceasefire, and return to a path of dialogue…
MUMBAI: Reliance Industries, India’s largest company in terms of market value, reported a 12% rise in quarterly profit on Thursday, helped by strong demand in the retail business, and as higher telecom tariffs and a rise in 5G subscribers boosted the telecom unit. Profit grew to Rs 21,930 crore in the Dec quarter, beating analysts’…
MUMBAI: Stocks of companies belonging to the Adani group rallied as much as 10% in Thursday’s market on the back of news that Hindenburg Research will close down. Nearly two-years to the day, the US-based short-seller had brought a massive crash in Adani group’s stocks after it published a 110-page report alleging several corporate malfeasances…
MUMBAI: Hindenburg Research, the US-based short-seller whose reports had shaved off about $140 billion from Adani Group‘s market valuation in early 2023, pushed the Indian govt and markets regulator Sebi on the backfoot, and left Indian investors divided whether to support it or oppose, is winding down. Calling Adani’s businesses “the largest con in corporate…
BENGALURU: Isro said Thursday it received the green light for the construction of a third launch pad (TLP) at its Satish Dhawan Space Centre in Sriharikota, from the Union Cabinet led by Prime Minister Narendra Modi. The project, estimated to cost Rs 3,984.8 crore, is set to enhance India’s space launch capabilities and support future…
NEW DELHI: The successful docking of two Isro spacecraft in space on Thursday has paved the way for future space and outer space missions as India desperately needs a permanent station in space for parking its spacecraft before pursuing a long space journey.The docking mission is a very challenging task as it involves reducing the…
NEW DELHI: The cabinet decision to set up eighth pay commission came in a fortnight marked with several key decisions and launch of schemes by PM Narendra Modi who has billed 2025 to be a year of big decisions.The hectic first fortnight of the year in the build up to Budget has seen commissioning of…
NEW DELHI: Congress has moved Supreme Court in support of the Places of Worship (Special Provisions) Act, saying the law was “essential to safeguard secularism in India” which is a basic feature of the Constitution and was needed to ensure communal harmony.Seeking to intervene in the litigation initiated by Ashwini Kumar Upadhyay, now with BJP,…
NEW DELHI: In a season of making annual declarations on investments and deduction, the income tax department has put employees and employers on notice after it came across lakhs of instances of individuals making bogus claims related to donations to political parties and charitable organisations as well as false investment and interest payment claims.It all…
