India

Sebi slaps Rs 30 Lakh penalty on Vedanta
03 Jul

Sebi slaps Rs 30 Lakh penalty on Vedanta

Priyanka Bhowmick0 CommentsBusiness, India,
The Securities and Exchange Board of India (Sebi) has imposed a fine of Rs 30,00,000 on Vedanta Ltd for violating listing and disclosure norms. Vedanta will have to pay within 45 days of receiving the order, the regulator said. Sebi fines mining major for misrepresentations related to plans to enter the semiconductor business. On February 14, 2022, news began circulating that Vedanta had partnered with Foxconn to manufacture semiconductors in India. Following this, the stock exchange sought an explanation from Vedanta, to which the company replied that the said business would be managed by the holding company Vulcan Investments Limited.…
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‘Whenever Extremism Fuels Riots…’: UP CM’s Office Reacts to Viral ‘Send Yogi to France’ Tweet
01 Jul

‘Whenever Extremism Fuels Riots…’: UP CM’s Office Reacts to Viral ‘Send Yogi to France’ Tweet

Business Correspondent0 CommentsIndia
UP Chief Minister Yogi Adityanath's name is being preferred for handling the riot in France by one of the citizen of France whose Twitter account details reveals that the person is identified as a Professor N John Camm and is a senior interventional cardiologist. Tweet of Professor N John Camm "India must send @myogiadityanath to France to control riot situation there and My God,he will do it within 24 hours." But the identity of the John is assumed to be false by social media users, claiming that the account belongs to Dr Narendra Vikramaditya Yadav who was once arrested for…
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Last date to link PAN-Aadhaar today: What you need to know
01 Jul

Last date to link PAN-Aadhaar today: What you need to know

Priyanka Bhowmick0 CommentsBusiness, India
The last date for linking PAN with Aadhaar is Friday, June 30, as per the latest notification from the Revenue Department of the Finance Ministry. To link the two cards, users will have to pay Rs 1,000. The central government had earlier set the deadline for linking PAN and Aadhaar as March 31, 2023 However, the date was later extended to June 30 After today, if someone fails to link their two cards within the deadline, their PAN will become inactive. It is mandatory for all taxpayers to link their PAN number with Aadhaar. Capital markets regulator Sebi has also…
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BigBasket’s B2C arm saw losses swell 89% in FY23 
30 Jun

BigBasket’s B2C arm saw losses swell 89% in FY23 

Priyanka Bhowmick0 CommentsBusiness, India
Online grocery delivery firm Innovative Retail Concepts, which operates as BigBasket, widened its loss to Rs 1,535 crore for 2022-23, according to details shared by Toffler.Toffler said BigBasket's losses increased by 89%, which means that the company posted a loss of around Rs 812 crore in 2021-22. The company's revenue rose 5% to Rs 7,462 crore. “The company reported a net loss of Rs 1,535 crore in the same fiscal. This is an increase of 89% over the last fiscal year. The total expenditure of the company during the financial year was reported as Rs 8,998 crore,” the report said.
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Oppo mobile brand ropes on RRR director SS Rajamouli as brand ambassador
30 Jun

Oppo mobile brand ropes on RRR director SS Rajamouli as brand ambassador

Priyanka Bhowmick0 CommentsIndia, Business, Entertainment,
Renowned filmmaker SS Rajamouli, known for his sensational work in the film industry, has reportedly bagged the role of brand ambassador of a popular mobile brand. While awaiting official confirmation, a video of Rajamouli's featured ad has gone viral on social media, creating a buzz among fans. This is Rajamouli's first commercial appearance. In the video, he wears a cream-colored blazer paired with a round-neck tee and matching trousers, revealing a stylish and sophisticated look with his salt-and-pepper beard. The ad was shot in a foreign country, where a Bollywood director supervised the work. Sources indicate that the commercial has…
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Seven killed, 18 injured as rath comes in contact with high-tension wire in Tripura
29 Jun

Seven killed, 18 injured as rath comes in contact with high-tension wire in Tripura

Priyanka Bhowmick0 CommentsAccident, India
Seven people, including two minors, were killed and 18 injured when a chariot caught fire during a Rath Yatra procession after it touched a high-tension wire at Kumarghat in Tripura's Unokoti district on Wednesday evening. The condition of six of the injured is said to be critical. They have been referred to Agartala Government Medical College.The incident took place at Kumarghat area around 4:30 pm during the 'Ulta Rath Yatra' festival of Lord Jagannath. The festival marks the return of the deities – Lord Balabhadra, Goddess Subhadra and Lord Jagannath – to their sacred abode after a week of Rath…
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Central agency raids senior IRS officer in corruption case
28 Jun

Central agency raids senior IRS officer in corruption case

Priyanka Bhowmick0 CommentsIndia
The Enforcement Directorate (ED) on Wednesday arrested an IRS officer working as Additional Commissioner of Customs and GST for a money laundering probe, government sources said. Sachin Sawant, who had earlier worked as deputy director at the Mumbai zonal office with the federal agency, was taken into custody under the provisions of the Prevention of Money Laundering Act (PMLA) after the agency raided its premises and something else in Mumbai on Tuesday. According to sources, the officer was posted in Lucknow.The money laundering case against the Indian Revenue Service (IRS) officer arose out of a CBI FIR filed against him…
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Comedian Devraj Patel dies in Chhattisgarh road accident
27 Jun

Comedian Devraj Patel dies in Chhattisgarh road accident

Priyanka Bhowmick0 CommentsEntertainment, India,
Renowned comedian and YouTuber Devraj Patel of Chhattisgarh died in a road accident on Monday. The YouTuber was going to shoot a video in Raipur. According to information, Patel was riding a pillion when the accident occurred around 3.30 pm. He was returning from Nava Raipur after shooting a video, an official said. He was hit by a truck and suffered severe injuries to his head and other parts of his body. The accident took place near Labhandih area under Telibandha police station limits when the motorcycle's handle hit the truck moving in the same direction and Patel, who was…
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Bharti Airtel’s CEO Ajay Chitkara quits
27 Jun

Bharti Airtel’s CEO Ajay Chitkara quits

Priyanka Bhowmick0 CommentsBusiness, India
Bharti Airtel, on Monday, announced changes in its leadership team in the Airtel business. Ajay Chitkara, CEO of Airtel Business, has decided to leave Airtel. He will work with the company till the third week of August 2023. In a regulatory filing, the company said, "As a result, Airtel Business will function as three business and channel segments – Global Business, Led by Vaani Venkatesh, Domestic Business, led by Ganesh Lakshminarayana and Nxtra Data Centre led by Ashish Aurora. " "Airtel Business is a gem in our overall portfolio and presents an exciting growth opportunity going forward. I look forward…
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Malabar Gold ropes in NTR Jr as brand ambassador
26 Jun

Malabar Gold ropes in NTR Jr as brand ambassador

Priyanka Bhowmick0 CommentsBusiness, India,
NTR Jr. will be present at the brand's upcoming consumer campaigns across print, television and digital media. With this association, Malabar Gold aims to further expand its customer base and build a strong customer connectivity in Andhra Pradesh and Telangana region. Commenting on the association with NTR Junior, Malabar Group Chairman, MP Ahmed said in a statement, "We are excited to renew our time-test association with NTR Jr. He has emerged as one of the most widely acclaimed film stars in India across the region. His impressive personality will further enhance our brand offerings and help accelerate global brand acceptance…
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