To woo women voters in Assam, BJP and Congress have pitched competing cash-transfers. In Assam, the BJP sankalp patra promised that the monthly direct bank transfer under Orunodoi scheme would be increased to Rs 3,000 for women and that it aims for 40 lakh “lakhpati baideos , a flagship initiative to economically empower women. Congress,…
Reserve Bank of India on Friday proposed a simpler way to identify large non-banking financial companies (NBFC) for stricter regulation, pegging it to assets of over Rs 1 lakh crore, replacing a complex scoring system. The proposed shift has immediate implications for large financial holding companies. Tata Sons, with a standalone asset size of Rs…
NEW DELHI: After months of haggling, the auto industry seems to have been comforted by the latest draft of the Corporate Average Fuel Efficiency (CAFE 3) norms, which encourage the use of new technologies and target major improvements, starting April 2027. CAFE are govt-mandated norms to reduce fuel consumption and carbon dioxide across a carmaker’s…
Shapoor Mistry too calls for public listing SP group chairman Shapoor Mistry, who represents the single largest minority shareholder in the Tata group, on Friday sought a public listing of Tata Sons as a “necessary” step that would secure and unlock value for stakeholders and boost the income of the trusts. The pitch came after…
Japan’s cabinet has approved a draft amendment that would classify cryptocurrencies as financial products, marking a shift in how the country regulates the sector. The proposal brings crypto assets under the Financial Instruments and Exchange Act, a framework used for stocks and other securities, Nikkei reported. If passed during the current parliament session, the law…
MUMBAI: Tata Sons chairman N Chandrasekaran on Friday asked Air India employees to focus on cost control, improve services and “stay grounded” in the reality of the challenging situation, while reiterating the group’s continued commitment to the airline. Addressing an employee town hall at the Air India Group’s headquarters in Gurugram, Chandrasekaran said, “While our…
NEW DELHI: Observing that inflationary pressures do not discriminate between a serving employee and a pensioner, hitting the two equally, Supreme Court Friday held that fixing differential rates of enhancement of inflation-linked dearness benefits for the two categories is arbitrary and cannot be allowed. A bench of Justices Manoj Misra and Prasanna B Varale disapproved…
Today, April 11, is a deeply special day for all of us. It is the birth anniversary of Mahatma Jyotirao Phule, one of India’s greatest social reformers and a guiding light for generations. This year, the occasion carries even greater significance, as it marks the beginning of his 200th birth anniversary celebrations. Mahatma Phule was…
Bitcoin BTC$71,506.32 treasury firm Nakamoto (NAKA) is resorting to a familiar Wall Street playbook as it looks to lift its beating-down share price and stay on Nasdaq. The company is seeking approval for a “reverse stock split” that would combine shares at a ratio to be set between 1-for-20 and 1-for-50, according to a preliminary…
KOLKATA: “Legally married; currently separated” is how actor and BJP’s Kharagpur Town MLA Hiranmoy Chattopadhyay (Hiraan) has described his marital status in his nomination affidavit while mentioning Anindita Chattopadhyay as his spouse. Earlier this year, Anindita had filed an FIR accusing Hiraan of mental and physical cruelty and entering into a second marriage without divorce…
