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NCLT approves delisting of ICICI Securities; firm's shares see major drop

NCLT approves delisting of ICICI Securities; firm's shares see major drop

Dismissing objections raised by minority shareholders, the National Company Law Tribunal (NCLT)-Mumbai on Wednesday approved the delisting of ICICI Securities Ltd from the stock exchanges.

ICICI Securities shareholders will receive 67 ICICI Bank Ltd shares for every 100 shares they hold as per the approved scheme.

Paytm to sell entertainment ticketing business to Zomato for Rs 2,048 crore

Paytm to sell entertainment ticketing business to Zomato for Rs 2,048 crore

Zomato to acquire the movie and events ticketing businesses of Paytm's for Rs 2,048 crore, digital payments firm said in an exchange filing on Wednesday.

The company said that it will now focus on strengthening the core payments and financial services distribution.

No plan to probe Buch over Hindenburg row: FinMin sources deny media report

No plan to probe Buch over Hindenburg row: FinMin sources deny media report

Sources from the Finance Ministry on Tuesday refuted a media report that the ministry was considering a panel to look into the allegations made by Hindenburg Research against Securities and Exchange Board of India (Sebi) Chairperson Madhabi Puri Buch, Moneycontrol reported.

Earlier today, news service Informist cited a senior government official to report that there may be such a panel with representation from Sebi members and government officials.

Brand matters: Anil Ambani's firm moves NCLT against IIHL using 'Reliance'

Brand matters: Anil Ambani's firm moves NCLT against IIHL using 'Reliance'

Anil Dhirubhai Ambani Ventures (ADAVPL), a company owned by Anil Ambani, has approached the National Company Law Tribunal (NCLT) in Mumbai, requesting the court to direct Hinduja-owned IndusInd International Holdings (IIHL) to cease using the ‘Reliance’ brand name as soon as the resolution plan for bankrupt Reliance Capital (RCap), a financial services firm, is implemented.

The NCLT will hear the matter on Tuesday.

PM Modi pays tribute to ex-PM Rajiv Gandhi on his birth anniversary

PM Modi pays tribute to ex-PM Rajiv Gandhi on his birth anniversary

Prime Minister Narendra Modi paid tribute to former PM Rajiv Gandhi on his birth anniversary on Tuesday.

"Tributes to our former Prime Minister Shri Rajiv Gandhi Ji on his birth anniversary", PM Modi posted on X.

Biden passes baton to Harris, says she will be 'historic president'

Biden passes baton to Harris, says she will be 'historic president'

US President Joe Biden formally passed the baton of his Democratic Party to his deputy Kamala Harris, saying she will be a "historic president" and describing her as the best person to save democracy.

Biden, 81, received an emotional standing ovation when he came on stage at the Democratic National Convention in Chicago on Monday night.

Focus on deposits, strengthen cybersecurity: FM Sitharaman to banks

Focus on deposits, strengthen cybersecurity: FM Sitharaman to banks

The much-awaited meeting between Union Finance Minister Nirmala Sitharaman and heads of public sector banks (PSBs) on Monday revolved around mobilising deposits through ‘’special drives’’ and stronger bonding with bank customers. The meeting, to review the performance of banks, came against the backdrop of recent concerns that deposits have been growing slower than credit.

While acknowledging the improved asset quality of PSBs, the FM advised banks to optimise the scope of resolution and recovery offered by the National Company Law Tribunal (NCLT) and the National Asset Reconstruction Company Ltd (NARCL).

Kejriwal put in jail without evidence, won't bow before dictatorship: AAP

Kejriwal put in jail without evidence, won't bow before dictatorship: AAP

Aam Aadmi Party leaders on Monday slammed the BJP over imprisonment of its convener Arvind Kejriwal and said that they won't bow before the centre's 'dictatorship'.

Kejriwal government minister Imran Hussain and AAP MLA Sahiram Pehalwan conducted a workers meet in Chhatarpur.

Andhra govt must review PLI scheme implementation: BJP leader Dinakar

Andhra govt must review PLI scheme implementation: BJP leader Dinakar

BJP leader Lanka Dinakar on Monday urged the Andhra Pradesh government to review the implementation of Centre's production-linked incentive (PLI) scheme in the state.

Dinakar claimed that just one or two entities from the southern state had availed PLI scheme under previous YSRCP government to manufacture high-capacity solar photo-voltaic modules for promoting green energy.

Centre defends triple talaq law in SC, says practice 'fatal' for marriage

Centre defends triple talaq law in SC, says practice 'fatal' for marriage

Defending its 2019 law criminalising triple talaq, the Centre has told the Supreme Court that the practice is "fatal" for the social institution of marriage.

In an affidavit filed in response to petitions challenging the law, the Union of India said despite the top court setting aside the practice in 2017, it has "not worked as a sufficient deterrent in bringing down the number of divorces by this practice" among the members of the community.

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