In the last 18-24 months, a lot of dispute has been seen between the current management of Religare and the Burman family. Amidst this dispute, very serious and sharp allegations have been made by both the parties regarding violations related to corporate governance. On September 6, the Enforcement Directorate (ED) registered an FIR against Religare’s … Read more
According to the August 2024 employment report in the US, the US label market was more sluggish than expected. Bond yields are indicating that traders are preparing for a recession. Even the Federal Reserve’s probability model is predicting a 61.8 percent chance of recession in the next 12 months, the highest since the 1980s. Could … Read more
In the rape and murder case of a Kolkata doctor, former principal of RG Kar Medical College and Hospital, Sandeep Ghosh, has now been accused of rape and murder as well. He is already in CBI custody in the financial irregularities case. Apart from this, Tala Police Station’s Officer-in-Charge Abhijit Mandal was also arrested by … Read more
Market regulator SEBI has launched a Centralized Fee Collection Mechanism (CeFCoM) for registered investment advisors (IAs) and research analysts (RAs). This mechanism has been launched on an optional basis. Under this, clients can make payments to investment advisors or research analysts on the portal of a recognized administrative and supervisory body (ASB) or on any … Read more
Reliance Foundation: Reliance Foundation in collaboration with Vital Voices has selected 50 distinguished women for the Women Leaders India Fellowship 2024-25. The fellowship will bring together women leaders and entrepreneurs in the social sector who work in key areas such as climate, education, livelihoods, sports, etc. and aim to tackle India’s key challenges. The Women … Read more
The Department of Telecom (DoT) has issued draft norms with a revised list of 36 telecom equipment. Under this, these telecom equipment will get priority in government procurement if they use 50-65 percent local components in manufacturing. According to the draft notification, the Telecom Department has also included satellite phones and other satellite communication gears … Read more
SEBI Chairperson Madhabi Puri Buch and her husband Dhaval Buch have clarified that they had rented out property to Wockhardt’s associate unit in ‘normal circumstances’ and the income from this was duly declared and tax was also paid on it. The Buch couple issued a personal statement on September 13 saying that all disclosures in … Read more
Ajit Jain, Vice Chairman of renowned American investor Warren Buffet’s company Berkshire Hathaway, has sold more than half of his stake in the company. This top executive of Warren Buffet has received $139 million from this stake sale. The company gave this information in an exchange filing on September 9. The exchange filing states that … Read more
Hot Stocks, Markets Vodafone Idea Shares: Goldman Sachs has said that Vodafone Idea’s stock could fall by 83% to Rs 2.5. But on the other hand, the same Goldman Sachs has bought shares worth crores of rupees as an anchor investor in Vodafone Idea’s FPO. What is this mess? That is, on one hand it … Read more
A unit of Birla Estates has bought 24.5 acres of land near Thane. According to property website Square Yards, this land is located in the Mumbai Metropolitan Region. The company has bought this land for Rs 537.42 crore. Ekamaya Property, a unit of Birla Estates, has bought this property from Hindalco Industries, another company of … Read more