India has formally requested a review of the Indus Water Treaty due to unforeseen changes and security concerns. Pakistan emphasized the treaty’s significance and expressed hope for India’s compliance. Signed in 1960, the treaty manages cross-border river usage amid ongoing tensions. Disputes over hydroelectric projects have also been raised by India.
Read MoreThe Union labour ministry is probing the death of EY employee Anna Sebastian Perayil, allegedly due to work stress. Union labour minister Mansukh Mandaviya confirmed that necessary actions will be taken based on the investigation’s findings. The incident has raised serious concerns about workplace conditions and employee welfare in corporate environments.
Read MoreThe Bombay High Court has paused Ajit Ranade’s removal as Vice-Chancellor of Pune’s Gokhale Institute of Politics and Economics until September 23. Dismissed for lacking sufficient teaching experience per UGC norms, Ranade has challenged the decision, asserting that he wasn’t given an opportunity to address the committee’s report before his removal.
Read MoreSebi has prohibited Axis Capital from operating as a merchant banker for debt issuances and barred it from acting as an arranger or underwriter for any debt segment securities. The action follows Axis Capital’s involvement in Sojo Infotel’s non-convertible debentures offering, where it guaranteed Rs 260 crore but had to settle Rs 167 crore...
Read MoreMaximising shareholder value involves enhancing a brand’s relevance and differentiation. This becomes crucial during economic slowdowns, particularly in the sluggish FMCG sector. Brands such as Maggie, Tanishq, Zomato, Royal Enfield, and Surf Excel excel by being meaningfully different and strategically positioned. These brands are resilient and drive growth as per Kantar BrandZ report.
Read MoreNational Conference chief Farooq Abdullah accused BJP of spreading hatred and expressed confidence in winning the J&K assembly polls. He dismissed BJP’s claims of forming the next government and reiterated his party’s push for restoring Article 370. Abdullah also opposed the ‘one nation, one election’ plan.
Read MoreReliance Infrastructure under Anil Ambani seeks to raise Rs 6,014 crore to fund its expansion. The initial phase involves raising Rs 3,014 crore through a preferential issue followed by another Rs 3,000 crore via qualified institutional placement. Investors Mathew Cyriac and Nimish Shah are set to invest Rs 1,814 crore for a minority stake.
Read MoreLabour unrest at Samsung’s Chennai plant has escalated, prompting the company to seek a court injunction against worker protests. The court advised conciliatory talks between management and the union, which is pushing for registration. Workers have been on strike since September 9, raising concerns that unrest could spread to other electronics units if unresolved.
Read MoreRBI has lifted the restrictions on IIFL Finance’s gold loan operations, effective immediately. These restrictions were placed in March due to irregularities in their gold loan business. IIFL Finance assures high compliance standards moving forward. As of December 2023, their gold loan portfolio was Rs 24,692 crore, representing 32% of their total loans.
Read MorePM Narendra Modi’s meeting with US President Joe Biden aims to advance the Comprehensive Global Strategic Partnership, including India’s accession to additional pillars of the Indo-Pacific Economic Framework. The Russia-Ukraine conflict and other global issues will be discussed. Modi will also attend the Quad summit and hold bilateral talks with leaders from Australia and...
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