In a six-page order, Sebi whole-time member Anant Barua said that since Karvy Stock Broking had violated several of Sebi’s circulars since October 1, it was not inclined to relax the part of its earlier order.
Topping the list at $1.2 billion is SPGP Holdings backed by Canadian family office of Erwin Singh Braich — Canada’s first Sikh billionaire. It is not clear whether Yes Bank has received any in-principle nod from the RBI for SPGP Holdings. SPGP was in the news in India for failing to make a Rs 2-crore earnest money deposit after it put in a bid for bankrupt apparel company Reid and Taylor.
The pressure to meet the fiscal deficit target for 2019-20 intensified further on Friday after latest data estimated nominal GDP growth at 6.1% in the September quarter, pegging the first half number at a shade over 7%.
Zurich AG (FZ) said, "it will be back" while exiting Bengaluru airport (KIA), where it had 17% stake, in early 2017. True to its word, it is back here with a bang in less than three years — it is likely to build and operate the Jewar airport.
With decks being cleared to hand over the greenfield project to a global firm, the Yamuna Expressway Authority has now accelerated efforts towards connectivity between IGI and Jewar airports. Yamuna Expressway Authority CEO has asked the National Capital Region Transport Corporation (NCRTC) to prepare a detailed project report (DPR) on multi-modal connectivity between the two airports.
Chanda Kochhar, the former CEO of ICICI Bank, has approached the Bombay high court challenging the validity of the bank’s termination letter issued early this year. She has sought from the court a declaration upholding the validity of an earlier letter in October 2018 wherein ICICI Bank had accepted her early retirement.
India's economy grew at its slowest pace in 26 quarters in the July-September period of the current fiscal year, dragged down by contraction in the crucial manufacturing sector. Data released by National Statistical Office showed GDP grew by 4.5% in the September quarter, the lowest since the 4.3% expansion in the January-March quarter of 2012-13.
In a blow to AirAsia India, Sanjay Kumar — its chief operating officer (COO) — for just about a year has resigned from the position. Kumar is among the most experienced aviation professionals in India who had joined the Tata-AirAsia JV on December 3, 2018, after heading network and commercial at IndiGo for 12 years.
The Centre on Thursday floated bids to appoint a consultant for the proposed Dholera Greenfield International Airport near Ahmedabad.
The government wants to give additional time for vehicle owners to switch to FASTags, senior officials aware of the development told ET.
The bad news is getting worse for India’s economy and Prime Minister Narendra Modi is exhausting all options to stem the fallout. Data on Friday will likely show the economy had its weakest performance last quarter in more than six years, with the growth rate dropping below the symbolically important 5% mark.
Ride-hailing major Ola is planning to cut its workforce by 15-20% over the next two quarters in a bid to improve margins and move towards profitability, sources said.
The government plans to cap the commissions app-based taxi aggregators such as Uber and home-grown Ola earn on rides to a maximum 10% of the total fare, according to a draft proposal seen by Reuters, a move industry experts warned would hit revenue and operations.
India could save up to Rs 12,000 crore every year in terms of fuel and man-hours with the switch to 100% FASTag-based toll collection on national highways from Dec 1. Live monitoring of traffic by a startup shows long waiting times at many of the 488 NH toll plazas. At 2pm on Thursday, the average waiting time was 5-10 mins at 188 plazas and 10-20 mins at 32 others.
Medical representatives have revealed widespread use of bribes, including foreign trips, microwave ovens, expensive smartphones, jewellery and even women, by pharmaceutical companies even as the government drags its feet on a 2016 proposal to bring in a Uniform Code of Pharmaceutical Marketing Practices (UCPMP) "with teeth" in the form of penal provisions.
The government wants to conduct an audit and inspection of security systems and processes of Facebook-owned instant messenger WhatsApp over the Pegasus spyware controversy. This is the second major action against the American social media giant after the CBI inquiry that was ordered over the data leaks in the Facebook-Cambridge Analytica controversy.
Investigators specifically probing the role of Goyal in alleged irregularities at what was once the country’s largest airline are looking into more than 5,000 bills raised by operation creditors, including aircraft lessors, maintenance agencies and general sales agents (GSAs). They suspect most were bogus and raised through entities related to Goyal or associates.
The service provider will also have to set up a system to resolve customer complaints or queries online. Only owners of cars, utility vehicles, vans and other light motor vehicles will be allowed to buy FASTags online. It has been specified in the bid document that the service provider shall not sell FASTags “in bulk to any single customer or a group of customers.”
When it comes to bridal hairdos, we have seen almost everything. From buns for the big day, braids for the Mehendi function and curls for the reception, there's not much one can experiment with when it comes to one's hairdo for wedding functions.
The reality is that this activity can help you burn lots of calories, tone your body and even lose weight, provided you follow all the guidelines religiously.
Most of us live a very fast-paced life and holding on to a bad relationship is the last thing that we want. So look out for these red flags in a relationship.
Experts say these five traits are common to all successful parents. Do you have them?
If are fasting intermittently or taking long food breaks, here's the news for you.
The final rules for cab aggregators, which will be notified under the Motor Vehicle Act, is likely to be formalised before the end of the year. The guiding document detailed the fee caps, apart from regulations on surge pricing, passenger and driver safety, penalties for drivers and aggregators, and licencing norms for aggregators.
Senior railway officials said the non-performers have been identified and they may be shunted out in the next couple of weeks. Though they said the review of performance of government employees who have completed 30 years in service or are over 55 years has been in the rule book, now it's being followed more religiously.
The market valuation of Reliance Industries (RIL), the country's most valued firm, hit the Rs 10 lakh crore-mark in early trade on Thursday. RIL, controlled by Aisa's richest person Mukesh Ambani, is the first Indian company to achieve this feat.
Regulator Trai is taking a serious view of the free subscription offers to movie and music streaming services and many other consumer issues as part of efforts to drive in transparency in tariffs offered by mobile operators to their subscribers, especially in view of rising consumer complaints about misleading information in telecom ads.
Telecom regulator Trai has refused to order a 'floor price' - or a minimum mandatory rate - for voice and data tariffs, a move that will ensure that consumers continue to enjoy free or highly subsidised calling and internet plans.
Are you dealing with a tough boss? Are your colleagues being mean to you? Is your workplace culture hindering your growth? Talk to us. Our panel of experts will assist you in resolving your workplace related matters. 'AdWise' will appear every Thursday to help you with your workplace matters. Write to us at adwise@timesgroup.com
Finance minister Nirmala Sitharaman mounted a strong defence of the state of the economy on Wednesday and assured that the government is taking steps in the interest of the country, blaming the UPA for continuing with "regressive measures" such as the minimum alternate tax and dividend distribution tax.
Loss-making national carrier Air India will have to cease operations if it is not privatised, minister for civil aviation Hardeep Singh Puri informed Rajya Sabha on Wednesday. He said that a group of officials, under the chairmanship of home minister Amit Shah, is finalising the process of inviting bids from the private sector for the national carrier.
The BJP's inability to pull together voters in the westerly state of Maharashtra, of which Mumbai is capital, has meant that three parties, including a former BJP ally, will form the government. That is a major setback for Modi after his landslide victory in general elections this year.
Sebi's late Friday order against Karvy Stock Broking (KSBL) is a result of a nearly year-long investigation by the markets regulator. The probe was launched after investor complaints about brokers misusing clients' stocks and funds.
Hair care, like other beauty practices, has only gotten more airtime over the years. People are now more aware and careful about the products they use. As part of this, you might be aware of the common practices that end up destroying your hair, like excessive use of heat styling tools, too much chemical usage, etc. But you might not know that there are simple everyday things we all do that are causing more damage to our hair than we realised.
Sitting in an improper position for a long time can cause tension and pain in your neck and spine.
The colour red is known as one of the most auspicious shades for Indian weddings. Brides love to experiment with shades of red for their bridal lehengas. We recently came across a bride, who wore a stunning lehenga in burgundy (a deep red) shade.
'The Institute' by Stephen King is disturbing yet thought-provoking and all King fans will love it.
No two personalities are alike. Here, we have listed out 6 different types of a boyfriend a woman might chance upon in her life.
Whatever be the outcome, taking a pregnancy test is one of the earliest measures you take to settle your doubts. However, knowing the right time or the day to take a pregnancy test goes one step further to clarify doubts.
The United States and China are close to agreement on the first phase of a trade deal, US President Donald Trump said on Tuesday, after top negotiators from the two countries spoke by telephone and agreed to keep working on remaining issues.
Cognizant is expected to rejig the compensation structure of those in the rank of director and above, with a huge bump-up in the variable component, effective next year.
Subhash Chandra, founder of Zee Entertainment Enterprises and pioneer of India’s private satellite television, has stepped down from the chairman’s position, four days after his stake in the company fell to 5%. Chandra’s resignation brings an end to his role as the head of Zee, a company he founded in 1992 after economic liberalisation kicked off.
Soon, you can buy bus tickets, book hotel rooms or even buy a train ticket from Amazon India. The e-commerce major is steadily building a super app-like play in India through Amazon Pay. The move comes even as the e-tailer is in process of adding new services that can be availed within the app or its website, two people aware of the matter said.
Apple is now making its iPhone XR in India for domestic market and exports, while one of its suppliers, Salcomp, will invest Rs 2,000 crore over the next five years to make components at a plant in southern India from March 2020, IT minister Ravi Shankar Prasad said on Monday.
Equity indices claimed new heights on Tuesday with the benchmark BSE sensex breaching the 41,000-mark for the first time ever. Sensex jumped 218 points or 0.53 per cent to 41,108 in early trade, while the broader NSE Nifty moved 56 points or 0.47 per cent higher to scale lifetime peak of 12,130.
Most people either just learn to live with the pain or when it becomes unbearable they take pain killers.
Being a Sabyasachi bride is a dream for many women. The ace designer Sabyasachi Mukherjee is known to be one of the best wedding couturiers in India. From dressing almost every Bollywood star to many international brides, we can't seem to get enough of this designer's bridal creations.
Your skin repairs itself as you sleep – a reason why nighttime skincare is gaining traction