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SC declares Triple talaq unconstitutional; Good verdict, bad law?

SC declares Triple talaq unconstitutional; Good verdict, bad law?

The Supreme Court in August this year declared “triple talaq” — a form of divorce practised by Muslims in India allowing a man to end his marriage by uttering the word “talaq” thrice in written, oral or electronic mediums — unconstitutional.

In its judgment, the court noted that Muslim-majority nations such as Saudi Arabia and Pakistan had also made triple talaq illegal and directed the Prime Minister Narendra Modi-led government at the Centre to introduce a law banning it.

Inspection of six cos linked to ICICI Bank controversy at 'advanced stage'

Inspection of six cos linked to ICICI Bank controversy at 'advanced stage'

The Corporate Affairs Ministry's inspection of the books of six companies linked to the ICICI Bank controversy is at an "advanced stage", according to a senior official.

On April 23, the ministry ordered inspection of six companies, including NuPower Renewables.

L&T Construction bags orders worth Rs 2,357 crore

L&T Construction bags orders worth Rs 2,357 crore

Larsen & Toubro (L&T) Thursday said its construction arm of has won orders worth Rs 2,357 crore in the domestic market.

L&T's water and effluent treatment and transportation infrastructure business has secured order worth Rs 1,281 crore from Andhra Pradesh Capital Region Development Authority (APCRDA), the engineering and construction major said in a regulatory filing.

Sebi slaps Rs 10 cr fine on 3 promoters of Man Industries’

Sebi slaps Rs 10 cr fine on 3 promoters of Man Industries’

Markets regulator Sebi has slapped a penalty of Rs 10 crore on three promoters of Man Industries for failing to make an open offer to the company’s shareholders.

The three promoters are JPA Holdings Pvt Ltd, Nikhil Mansukhani and Anita Mansukhani.

Maruti India recalls 5,900 units of Super Carry

Maruti India recalls 5,900 units of Super Carry

The country’s largest carmaker Maruti Suzuki India (MSI) on Wednesday said it is recalling 5,900 units of its light commercial vehicle Super Carry to replace faulty fuel filter.

The company will inspect a possible defect in fuel filter of 5,900 Super Carry vehicles manufactured between April 26, 2018, and August 1, 2018, MSI said in a regulatory filing.

Air India should disclose lease income from assets abroad: CIC

Air India should disclose lease income from assets abroad: CIC

Cash strapped national carrier Air India should disclose its assets abroad and earnings from them, the Central Information Commission has ruled.

It “summarily” rejected the contention of Air India that the information sought by activist Aseem Takyar regarding rent, lease fee fetched by it from April 01

AI startup Tranzmeo raises funding from HPCL

AI startup Tranzmeo raises funding from HPCL

Mumbai: Artificial intelligence (AI) startup Tranzmeo, which is part of NASSCOM 10,000 Startups accelerator programme, has secured an undisclosed pre-seed funding from Hindustan Petroleum Corp. Ltd (HPCL) for its AI-powered product, T-connect OneView, the industry body said in a statement on Wednesday.

Bajaj’s 125cc bikes may see price hike on safety norms

Bajaj’s 125cc bikes may see price hike on safety norms

Pulsar, Discover and Avenger (125cc and above) motorcycles might see a price hike between Rs 4,000-10,000 post-April 2019 due to the incorporation of anti-lock braking system (ABS) safety norm, Rajiv Bajaj, managing director, Bajaj Auto, said in an interview to a business news channel. Commenting on the outlook for FY20, Bajaj while speaking to CNBC TV18, said:

Tata Motors aims to raise addressable market to 90%

Tata Motors aims to raise addressable market to 90%

Riding on the success of vehicles such as Nexon and Tiago, Tata Motors has lined up plans to increase its total addressable market to 90% by 2020, as part of its efforts to further expand network and grab more market share from close competitors. Total addressable market (TAM) is the overall revenue opportunity available for a specific product or service, taking into account the expansion scenarios.

Amazon announces record sales for holiday season in 2018

Amazon announces record sales for holiday season in 2018

US-based online retail giant Amazon on Wednesday announced a record-breaking holiday season as tens of millions of people have signed up for its Prime membership either by making paid service or on a trial basis.

“Prime membership continued to grow this holiday season… to benefit from FREE Same-Day, One-Day or Two-Day shipping, in addition to FREE two-hour delivery with Prime Now, and exclusive shopping and entertainment benefits,” Amazon said.

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