Patanjali Ayurved Managing Director Acharya Balkrishna has tendered an unqualified apology in the Supreme Court over alleged misleading advertisements. In an affidavit, Patanjali Ayurved Managing Director Acharya Balkrishna said that he submits an unqualified apology before the top court for the breach of the statement recorded in the order copy of the top court dated … Read more
The double-digit inflation for many years is often listed as one of the most stellar achievements of Sonia Gandhi’s rule (2004 to 2014). Another double-digit achievement during her rule, that is often not given the due it deserves, is the home loan interest rates. The aspiring middle class was investing in buying a home for themselves. … Read more
The Reserve Bank of India on 20 March advised all banks dealing with government transactions to open their branches on 31st March, Sunday. The central bank issued the advisory to the agency banks at the request of the union government. The Government of India requested all agency banks to keep their branches dealing with government receipts and … Read more
The High-Level Committee on ‘One Nation One Election’ led by former President Ram Nath Kovind in its report recommended that in the event of a hung House, a no-confidence motion constitutes the new House, fresh elections may be held for the remainder of the five-year term. Where fresh elections are held for the House of … Read more
The Supreme Court on Monday, 18th March, dismissed an application filed by Assocham, FICCI and CII opposing the pleas that sought the disclosure of the invisible alphanumeric numbers embossed on electoral bonds. These numbers would reveal the details of who including which company donated money to whom through electoral bonds. Appearing for the industry bodies was senior … Read more
In a move towards bolstering India’s position as a manufacturing powerhouse for electric vehicles (EVs), the Union Government has greenlit a comprehensive scheme aimed at attracting investments in the EV sector and promoting indigenous manufacturing of EVs equipped with cutting-edge technology. According to a press release, the policy, approved by the Ministry of Commerce and … Read more
Adani Group plans to invest USD 14 billion (Rs 1.2 lakh crore) in 2024-25 financial year through its portfolio of 11 listed companies, in developing the country’s infrastructure, according to sources. The projected capital expenditure is 40 per cent higher than its it invested in the current financial year 2023-24, which is estimated at USD … Read more
In India’s tech capital Bengaluru, employees of the IT/ITeS firms gathered under the flag of the Karnataka State IT/ITeS Employees Union (KITU) to stage a protest march in front of the Karmika Bhavana, the office of the state labour commission on Saturday, March 16. The employees of the IT/ITeS firms demanded that the exemption given to IT/ITeS companies … Read more
The United States has expanded its investigation into India’s Adani Group, focusing on whether the conglomerate, along with its founder Gautam Adani, may have engaged in bribery. US prosecutors are examining whether Adani entities, or individuals associated with the company, were involved in paying officials in India for favourable treatment on an energy project. The investigation, led by the … Read more
India’s foreign exchange reserves rose by USD 10.470 billion to USD 636.095 billion in the week that ended on March 8, as per the latest data released by the Reserve Bank of India (RBI). The foreign exchange kitty rose for a third straight week to hit an over two-year high. Before March 8 week, the … Read more