Important for people to see India as good friend: Foreign affairs adviser
Dhaka, August 11 Bangladesh's newly-installed interim government on Sunday said it would maintain a "balanced" foreign policy, asserting that Dhaka intends to maintain "smooth and positive" relations with all, including India and China. Govt warns media over ‘misleading’ news Bangladesh's... Key Points
The TribuneHC refuses to grant Delhi CM Kejriwal interim protection against coercive action from ED
Delhi High Court declines interim protection to Arvind Kejriwal from coercive action, postpones matter to April 22, 2024. Kejriwal, AAP leader, seeks safeguard against Enforcement Directorate summons, challenging their legality. Kejriwal refuses to comply with the ninth ED summons, labeling them as politically motivated by the BJP-led government. Key Points
Economic TimesBombay HC says arrest of Chanda Kochhar, her husband in ICICI Bank-Videocon loan case illegal
India Business News: The Bombay High Court has declared the arrest of Chanda Kochhar and her husband in the ICICI Bank-Videocon loan case as illegal. The court confirmed their bail and criticized the CBI for the casual and mechanical manner of the arrest. Find out more about the case and the allegations against ICICI Bank and Videocon. Key Points
Times Of IndiaPakistan court confirms interim bail of Imran Khan in 4 cases related to May 9 violence and others
Another ATC Judge Naveed Iqbal extends his interim bail in three cases of May 9 violence till March 7. A Pakistani court has confirmed the interim bail of... Key Points
The Tribune IndiaMorbi bridge collapse| Deposited 50 pc of interim compensation to victims: Overa Group to Gujarat HC
The submission from the company came before the court of acting Chief Justice AJ Desai and Justice Biren Vaishnav that briefly took up the suo motu public interest litigation (PIL) on the bridge collapse incident. The court has kept the matter next for April 18. Key Points
The Indian Express
Hindustan Zinc shares jump 5% after board okays fourth interim dividend of Rs 26 for FY23; Vedanta, LIC gain
Hindustan Zinc board approved a fourth interim dividend of Rs 26 per share for FY23, amounting to Rs 10,985.83 crore, with March 29 as the record date. Key Points
FinancialexpressHCL Tech share price jumps 3% today after Q4 results beat market expectations; Should you buy, hold or sell?
HCL Tech shares rose today after IT giant declared an interim dividend of Rs 18 per share. The record date has been fixed as April 28, 2023, for the payment of the interim dividend and the payment date has been set as May 9, 2023. Key Points
FinancialexpressGAIL to consider interim dividend next week, record date fixed
The stock was trading 2.15 per cent higher at ₹111.40 per share on the BSE today Key Points
mintLow-key interim Budget but drab is fab, FM
Read about the low-key interim budget presented by Finance Minister Nirmala Sitharaman and the reasons behind it. Explore the impact of budget freebies on elections and the economic stability achieved by Sitharaman. Key Points
Times Of IndiaNestle India to consider interim dividend, stock split in board meet on October 19
Stock split, particularly in high value stocks, helps in improving liquidity in the counter while also rewarding stakeholders. The “Maggi” noodles maker has been one of the best performing Nifty 50 stocks in 2023. It has given nearly 14% returns year-to-date, and touched a 52-week high of Rs 23,395.35 in July Key Points
Economic Times
NCLT tells Go First Airlines there is no scope for interim moratorium
The Delhi National Company Law Tribunal has stated that there is no provision for an interim moratorium under the Insolvency and Bankruptcy Code (IBC) while hearing a petition by Go First Airlines for seeking an interim moratorium. The tribunal bench mentioned that there is only a provision for absolute moratorium under IBC. Go First Airlines is seeking a comprehensive debt restructuring, and it is not a malicious petition to avoid payments of dues. Key Points
Economic TimesMadras High Court refuses to pass ex-parte interim order against AIADMK’s general council resolutions
Justice Senthilkumar Ramamoorthy made it clear that he was not expressing any opinion on the merits of the suit filed by MLA Manoj Pandian, but wanted to hear the AIADMK and Edappadi K. Palaniswami before taking a call; the resolutions had expelled O. Panneerselvam from the party’s primary membership Key Points
The HinduDividend stocks: Hindustan Zinc, IRB Infra, Coforge among 5 stocks to trade ex-dividend today
Hindustan Zinc has declared an interim dividend of ₹10.00 per equity share, IRB Infrastructure Developers has declared an interim dividend of ₹0.10 per equity share Key Points
mintDividend 2024: Shares of CESC, Route Mobile, Havells India, Puravankara, 3 others to trade ex-dividend today
CESC has declared an interim dividend of ₹4.50 per equity share, Route Mobile has declared an interim dividend of ₹3.00 per equity share Key Points
mintDividend Stocks: Goa Carbon, Accelya Solutions, 2 other stocks to trade ex-dividend today
Goa Carbon board has declared an interim dividend of ₹10 per equity share for the financial year 2023-24. It has fixed January 29, as the record date for the purpose of payment of interim dividend. Goa Carbon shares will trade ex-dividend on Monday. Key Points
mint
Ready for 2024: Modi sarkar signals poll comfort in Budget
The key highlight of that interim budget was the Pradhan Mantri Kisan Samman Nidhi (PM-Kisan) initiative, with an outlay of Rs 75,000 crore. Though the scheme had been in the works, there was a sense of urgency after the state defeats in November-December 2018. PM-Kisan entails the direct transfer of Rs 6,000 to small and marginal farmers. Key Points
Economic TimesView: Make best use of this pitstop
Nirmala Sitharaman has done excellent expectation management by announcing that significant changes will come in the full budget, which will be held after the general elections, rather than in the interim one. However, the robust tax collections and a growing economy would require the finance minister to continue promoting policies conducive to the country's growth and make further changes to facilitate ease of doing business in India. Key Points
The Economic TimesThe beast called interim budget: An outgoing govt's budget or a returning one's?
Union Budget 2024: In the run-up to the upcoming General Elections, the shape of India's interim budget remains unpredictable, given its historical variability. Past interim budgets have showcased a mix of fiscal responsibility and populist measures, reflecting the government's economic and political considerations. As Finance Minister Nirmala Sitharaman prepares to present the budget, the nation awaits an announcement that could impact the course of India's $5 trillion economy by 2025. Key Points
Economic TimesCourt confirms Imran’s interim bail in 4 cases
A Pakistani court has confirmed the interim bail of jailed former PM Imran Khan in four cases related to the May 9 violence and others, according to a... Key Points
The Tribune IndiaBJP Budgets For Third Term
India Business News: Explore the budget presented by Nirmala Sitharaman as BJP plans for their third term in power. Discover the government's focus on long-term measures for India's development and the messages conveyed to the average voter. Key Points
Times Of India
Who is Mira Murati? Someone important at OpenAI but no, she is not Indian
Mira Murati, who held the position of interim CEO at OpenAI for just three days, is in the news for her contributions to the company and the development of ChatGPT. Although she is no longer the CEO, she is being discussed as another significant name in the tech world, potentially representing Indian origin. However, she is not of Indian origin. Key Points
India TodayGo First creditors approve Rs 425 crore interim fund, revival plan on track
The interim fund was proposed by the airline's resolution professional, Shailendra Ajmera. It was approved by the committee of creditors at a meeting earlier this week. Key Points
India TodayBudget 2024: Has BJP's state election wins dimmed mega sop chances in interim budget?
Union Budget: Prime Minister Narendra Modi's BJP secured significant victories in key states, indicating possibilities of keeping the government away from lavish welfare schemes in the upcoming interim budget. Modi's vision for India's future may lead to a budget prioritizing fiscal prudence over excessive spending. Key Points
Economic TimesBudget: A look back at the last interim budget that had a sack full of gifts
Union Budget: India gears up for the upcoming interim budget for fiscal year 2025, anticipated to be unveiled in a month. Finance Minister Nirmala Sitharaman has indicated no spectacular surprises. Speculations surround Sitharaman's strategies post recent state victories, suggesting a departure from populist measures. The 2019 interim budget provided tax benefits for lower-middle-income groups, support for farmers, a pension plan for informal sector workers, and incentives for real estate. As expectations rise, citizens await changes in policy that may shape India's financial landscape and influence their lives Key Points
Economic TimesDelhi HC grants interim bail to Lava MD Hari Om Rai in money laundering case
The Delhi High Court granted interim bail for three months to Hari Om Rai, MD of Lava International mobile company, in a money laundering case related to smartphone-maker Vivo. The decision was made due to Rai's life-threatening heart disease, allowing him to seek treatment at the hospital of his choice. Key Points
Economic Times
Explained: interim budget's unwavering focus on poor
India Business News: Discover how the interim budget for 2023 highlights the government's focus on the poor and unveils their political strategy. Get insights into the expenditure management and the target audience for the upcoming elections. Key Points
Times Of IndiaBudget 2024: A deeper cut to the fiscal deficit throws up positive surprise
In terms of priorities, the interim budget has continued its focus on raising capital expenditure - the type of expenditure which creates assets (think railways, roads, housing) - at a faster pace compared to revenue expenditure (which is essentially spent on salaries, interest payments, pensions, etc). This strategy has been adopted since the pandemic as the government introduced supply-side reforms to support growth by building economic infrastructure. Since FY21, capex has grown close to 30% on average per annum, compared to 11% growth in revenue expenditure. Key Points
Economic TimesIndian stocks extend losses; interim Budget in focus
New Delhi [India], January 31 (ANI): Indian stock indices edged marginally lower at the opening bell on Wednesday, extending losses from the previous session. The marginal fall could be primarily attributed to continued profit booking coupled with the latest selling of shares by foreign portfolio investors. Show Full Article At the time of filing this […] Key Points
ThePrintSC extends AAP leader Satyendar Jain's interim bail till 8 January in money laundering case
ED arrested Jain 30 May last year through 4 firms allegedly linked to him. He was arrested on the basis of CBI FIR lodged against him in 2017 under Prevention of Corruption Act. Key Points
ThePrintSAT reserves order on Subhash Chandra, Punit Goenka's petitions against Sebi order
In his arguments, senior advocate Janak Dwarkadas, representing Goenka, said that by removing two key people from the company, Sebi has infringed upon their fundamental rights to be employed. He argued that while Sebi had issued the interim order against them, no direction had been issued against Yes Bank for appropriating the Rs 200 crore fixed deposit without ZEEL's approval. Key Points
Economic Times
Modi govt may have more Budget measures for India's hinterland, a key voting bloc
Experts expect announcements around millets and MSP hikes in the 2024 interim budget. There is a need to ensure food security, include nutrition in policies, and prepare agriculture for the consequences of climate change. The government should correct the consumption and food production basket by giving crop-neutral incentive structures. The expenditure on Research and Development in agriculture should be increased from 0.5% to at least 1% of agri GDP to address the needs of a large population and climate uncertainties. Key Points
Economic TimesBudget 2024: How is Sitharaman placed between Chidambaram and Piyush Goyal?
Sitharaman is likely to follow the footsteps of previous finance ministers by incorporating electoral math into the budget. However, she plans to lower the budget deficit and increase capital spending, limiting the scope for large welfare schemes. Instead, smaller targeted benefits may be offered to critical voter segments such as tribals, OBCs, and females. Key Points
Economic TimesLok Sabha passes Finance Bill, completes exercise for interim budget 2024-25
On Wednesday, the Lok Sabha approved the Union Government's interim Budget 2024-25, amounting to Rs 47.66 lakh crore, through a voice vote. Additionally, the lower house also passed the budget of Rs 1.8 lakh crore for the Union Territory of Jammu and Kashmir, again via a voice vote. Finance Minister Nirmala Sitharaman piloted both budgets, along with the supplementary demands for grants and relevant appropriation bills. Key Points
Economic TimesSitharaman proposes Rs 1.18 lakh cr interim Budget for J&K for 2024-25
Finance Minister Nirmala Sitharaman has proposed an interim budget of Rs 1.18 lakh crore for fiscal 2024-25 for the Union Territory of Jammu & Kashmir. The budget aims to reduce the fiscal deficit and achieve a 7.5% growth in the GSDP. Sitharaman praised the government's efforts to decentralise governance, promote inclusive development, and increase revenue generation. Key Points
Economic TimesNBCC rallies over 100% in just 1 month. Is there more upside left?
National Buildings Construction Corporation (NBCC) shares surged 47% following the government's push for affordable housing in the interim Budget. Finance Minister Nirmala Sitharaman announced plans to build 2 crore more houses for the rural poor and a scheme to help the middle class buy or build their own houses. This announcement has boosted optimism in the real estate and allied sectors. NBCC has already been experiencing positive momentum and the government's emphasis on capex further supported the stock. Key Points
Economic Times
Satyendar Jain's interim bail extended in money laundering case
The Supreme Court has extended the interim bail granted to former Delhi minister Satyendar Kumar Jain in a money laundering case until November 6. The court will then hear his plea for regular bail. The Enforcement Directorate has accused Jain of seeking repeated adjournments in the trial court by claiming that his bail plea was pending before the apex court. The AAP leader was arrested last year on charges of money laundering. Key Points
Economic TimesDelhi excise policy case: SC seeks response of ED, CBI on interim bail pleas of AAP leader Manish Sisodia
The Supreme Court has sought response from CBI and ED regarding interim bail applications for AAP leader Manish Sisodia, who was arrested in February for his alleged role in a Delhi excise policy scam. The trial court rejected the interim bail application, but the bench is evaluating the situation because it appears to be a policy decision made for extraneous reasons. The CBI and ED have until July 28 to respond. Key Points
Economic TimesZEE Row: SAT to deliver order on Punit Goenka's appeal against SEBI interim order on Monday
The Securities Appellate Tribunal (SAT) is likely to deliver its order on Essel Group Chairman Subhash Chandra and ZEEL Managing Director and CEO Punit Goenka's petitions challenging Sebi's interim order on Monday, July 10, reported ET NOW. On June 12, the Securities and Exchange Board of India's (Sebi) in an ex-parte interim order restrained Chandra and Zee Entertainment Enterprises Ltd's (ZEEL) Goenka from holding any directorship or key managerial positions in listed entities on account of alleged fund diversion. Key Points
Economic TimesSupreme Court grants interim bail to social activist Teesta Setalvad, stays Gujarat HC order
The Supreme Court is hearing a plea by activist Teesta Setalvad seeking interim protection from arrest in a case of alleged evidence fabrication in the 2002 Gujarat riots. The Gujarat High Court rejected her regular bail plea. Key Points
mintHCL Tech announces interim dividend of Rs 18/share
“The record date of April 28, 2023, fixed for the payment of the aforesaid interim dividend has been confirmed by the board of directors. The payment date of the said interim dividend shall be May 9, 2023,” the company said in a release. Key Points
Economic Times
Hindustan Zinc, SBI Cards among 8 stocks to trade ex-dividend this week
Brand Concepts declared an interim dividend of Rs 0.50 per equity share of the face value of Rs 10. Shares of Brand Concepts declined 2.5% to Rs 213.3 apiece in Friday's trade on BSE. The firm has a market capitalization of Rs 226 crore Key Points
Economic TimesBudget 2024: India's cabinet approves interim Budget 2024
India Budget: India's cabinet has approved interim Budget for fiscal 2025. Finance Minister Nirmala Sitharaman will present the interim budget in parliament at 11:00 am today. Prime Minister Narendra Modi vows to present a full budget after returning to power, with focus areas including women empowerment, youth, farmers, and the economically weaker section. The interim budget tests the Bharatiya Janata Party's ability to balance handouts and fiscal consolidation while competing with China and driving investments. Key Points
Economic TimesHow interim budget speech has changed - from recounting economic challenges to recalling political milesto
Explore the transformative journey of interim budget speeches over decades with ET. From recounting economic challenges to narrating political milestones, delve into the evolving narrative in budget papers. Key Points
Economic TimesInfosys Q2 results: Net profit rises 3%; IT firm declares interim dividend of Rs 18 per share
Infosys Q2 interim dividend: The board approved an interim dividend of Rs 18 per equity share. It has fixed October 25, 2023 as record date for interim dividend and November 6, 2023 as the payout date. Key Points
Business Todayinterim Budget may see measures to boost consumption demand, push agri economy
According to experts, there is an urgency to address issues concerning slack consumption demand in economy. Finance Minister Nirmala Sitharaman is likely to... Key Points
The Tribune India
Budget 2024: Pressure for populist measures is off after state poll results, says NITI Aayog member Virman
Interim Budget 2024: Arvind Virmani, economist and NITI Aayog member, has said that the pressure on the Modi government to undertake populist measures has reduced after BJP's state election victory. The interim budget might have political messaging. Virmani had forecasted a 6.5% GDP growth rate for the current fiscal year, which is now at 7%, exceeding his expectations Key Points
Economic TimesSitharaman's interim Budget and the taxpayer: A tale of great expectations
Taxpayers are expecting income-tax incentives and benefits in the interim Budget. Direct-tax collections have been rising, providing headroom for tax measures and benefits. Increasing the standard deduction and streamlining income tax rules could please the salaried middle class. Key Points
Economic TimesICC ban a betrayal of the nation: Sri Lanka sports minister
Roshan Ranasinghe, Sri Lanka's sports minister, rebuked Sri Lankan cricket for bidding for ban by ICC and alleged the cricket board for betrayal. Ranasinghe had appointed an interim committee headed by Arjuna Ranatunga after sacking the governing body for Sri Lanka's disastrous World Cup campaign. However, the ICC suspended Sri Lanka with immediate effect for government interference. Key Points
Economic TimesGo First creditors approve Rs 425 cr interim fund to revive airline, await board nod
Go Firsts creditors have approved a business plan for revival of the airline. As part of the business plan, the Go Firsts RP has sought Rs. 425 crore of interim finance. An in-principle approval for the interim finance has been granted but is subject to the boards of the respective banks approving the same. Central Bank of India, Bank of Baroda, IdBi Bank are the consortium lenders to the airline. Key Points
Economic TimesAfter Morarji Desai, Sitharaman becomes 2nd FM to present budget 6 times in a row
Finance Minister Nirmala Sitharaman will set a record by presenting the sixth Budget in a row, surpassing former Prime Minister Morarji Desai who presented five annual Budgets and one interim Budget. The upcoming interim Budget for 2024-25 will be a vote-on-account that allows the government to spend money until a new government is formed after the general elections. Key Points
Economic TimesWant to have strong people-to-people ties with India: Bangladesh
Dhaka, September 2 Bangladesh’s Foreign Affairs Adviser Touhid Hossain on Monday said the interim government wants to see strong people-to-people ties with India, suggesting that this was lacking during the previous Sheikh Hasina regime. “It’s possible to ease public dissatisfaction... Key Points
The TribuneNo relief for Kejriwal: Delhi HC refuses to interfere with Delhi CM's ED arrest, next hearing set for Apri
Justice Swarana Kanta Sharma has set the next date for the hearing on April 3, with the central agency required to file a response the day before. The Justice said that the ED has to be granted an opportunity to file a reply, as an opportunity for effective representation. Key Points
Economic TimesFM Sitharaman to meet RBI board on Feb 12
Sitharaman will present the sixth Budget on February 1, where she will outline the roadmap for 2024-25. In the post-budget meeting, the finance minister will address the board members and talk about announcements made in the interim Budget 2024-25. The meeting is being held shortly after the Budget session, as well as the last session of the 17th Lok Sabha, which comes to an end on February 9. Key Points
Economic Times