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Religare Enterprises (REL) have resigned in the past two months. On Friday, REL informed the stock exchanges that its newly-appointed company secretary and compliance officer, Rajat Kalra, has resigned. Kalra, who was appointed on October 8, submitted his resignation on October 24. He had joined in the place of Reena Jayara who had left the New Delhi-based financial services firm on October 7. The group's chief financial officer Nitin Aggarwal also quit the company on November 12.

Adani Group's construction of a major deepwater container terminal in Colombo with US financial support could be in focus after the recent indictment of the group but is being favoured by the advisers of the ruling dispensation in Sri Lanka to boost investor confidence. Leaders of Sri Lanka's ruling party had prior to the recent election spoken about «cancelling the project» but post polls, the government said it needs more time to evaluate the project. On his part, President Anura Kumara Dissanayake has shown interest in continuing with all projects reached between New Delhi and Colombo by his predecessors as he banks on India's support to boost the economy.

Subscribe to enjoy similar stories. New Delhi: US President-elect Donald Trump’s pre-election threat of stepping up import tariffs could translate into an opportunity for India to capture a larger share of the US market in the medium term as it could accelerate the re-orientation of global supply chains away from China, federal policy think tank NITI Aayog member Arvind Virmani said in an interview. Trump had proposed during his campaign an additional 10% import tariff on all goods imported into the US and a 60% tariff on goods from China.

Subscribe to enjoy similar stories. New Delhi: After an extension and over two weeks of intense negotiations, the 29th UN climate change conference or COP29 in Baku finally reached a consensus on a new collective quantified goals (NCQG) on climate finance but disappointed developing countries with only $300 billion per year by 2035 as against a required $1.3 trillion.

Kazakhstan based on its visa free regime for Indians and facilities is attracting many Indians. The flow of Indian tourists has ‘rocketed’ to Central Asia’s biggest and resource rich state of Kazakhstan since the country introduced a 14-day visa-free regime for Indian citizens in 2022. The numbers have seen a sharp increase with an increase in the number of daily flights in the recent months between the two sides. In 2023 over 50,000 Indians visited Kazakhstan. A three-hour flight is the air distance between New Delhi and the historic and modern city Almaty that offers all facilities of a Western city coupled with ropeways and ski resorts.

Maharashtra Assembly polls where her party-led Mahayuti alliance trounced the Congress-led MVA. Lauding Prime Minister Narendra Modi's leadership, the actor-politician said she believed that he was born for the «salvation of the country and is invincible». Ranaut and then-Maharashtra chief minister Uddhav Thackeray's Maha Vikas Aghadi (MVA) government had a bitter run-in in 2020 with the then-undivided Shiv Sena-led Brihanmumbai Municipal Corporation demolishing alleged illegal alterations at her Bandra bungalow. The BJP-led Mahayuti on Saturday retained power in Maharashtra, pocketing a whopping 230 of the 288 assembly seats, as the Congress-led MVA's dream of wresting power fizzled, with the opposition combine managing to garner just 46 seats.

free trade agreement in goods in February, the commerce and industry ministry said Saturday, adding that the fourth round of the negotiations was concluded here this month.

In addition to text message content, the government can seek any other traffic data for ensuring telecom cybersecurity, according to the rules framed under the new Telecom Act, notified Thursday. The rules define traffic data as any info generated, transmitted, received or stored in telecom networks, including type, routing, duration or time of a communication.

(This story originally appeared in on Nov 22, 2024)

Indian tycoon Gautam Adani, one of Asia’s richest men, may be facing his biggest challenge yet with an indictment by U.S. prosecutors for alleged fraud and bribery

Subscribe to enjoy similar stories. Indian billionaire Gautam Adani and some associates are facing serious allegations of fraud brought by the US attorney’s office in New York. According to prosecutors, the Adani group orchestrated a yearslong scheme involving the payment of $250 million in bribes to Indian government officials to secure favourable terms for solar power contracts awarded to Adani Green Energy Ltd and Azure Power Global Ltd, a New Delhi-based firm that was previously listed on the New York Stock Exchange.

Subscribe to enjoy similar stories. Adani group executives’ indictment in a bribery case in the US roiled the Indian markets, with the conglomerate’s stocks taking a massive hit in the ensuing selloff. The turbulence followed an announcement from the US Attorney’s Office in New York in the early hours of Thursday (India time), indicting group chairman Gautam Adani and seven senior executives.

winter session of Parliament starting on Monday. The five new draft legislations include the one to set up a cooperative university. The pending bills include the Waqf (Amendment) Bill which has been listed for consideration and passage after the joint committee of the two Houses submits its report to Lok Sabha. The panel is mandated to submit its report on the last day of the first week of the winter session. The session concludes on December 20.

One of Asia’s richest men, controversial Indian tycoon Gautam Adani, is again in the spotlight

Subscribe to enjoy similar stories. Two whistleblower complaints flagging financial impropriety at a small New York Stock Exchange-listed company marked the start of a two-year probe by the US government into the Adani group.

Subscribe to enjoy similar stories. NEW DELHI : Japanese telecom and technology major Rakuten Group, Inc. expects growth from open radio access network (Open RAN) solutions it offers to telecom service providers in global markets, though some of its deals are yet to pan out in the Indian market.

Subscribe to enjoy similar stories. New Delhi: The government has proposed changes such as the inclusion of e-commerce data to prepare a new base year for the Consumer Price Index (CPI) as part of a broader initiative to better reflect contemporary consumer spending patterns. The planned changes include leveraging modern data collection techniques such as sourcing price information from e-commerce platforms, expanding coverage beyond the major cities and relying on privately rented dwellings to calculate housing rents, according to a presentation by the ministry of statistics and programme implementation on Wednesday.

World Trade Organization (WTO) India’s quality control orders (QCO) on various products including medical textiles, footwear and viscose staple fibre, and certain measures which restrict its import of copper, wooden boards and tyres. These issues came up at a meeting on market access in WTO on Wednesday. Last year, Canada, Japan, the UK and the EU had raised concerns at India’s QCOs terming them protectionist. “Some new trade concerns pertaining to India’s QCOs were raised at the meeting,” said a Geneva-based official.

Agar traders feel that industry will be transact business to the tune of a whopping Rs.50,000 crore annually once international trade centre comes up in Assam. MJI Perfumes, Assam's first make in perfume from agar, has attracted hordes of visitors at the Assam Pavilion in the ongoing 43rd India International Trade Fair (IITF) at the Bharat Mandapam in New Delhi. One of the highlights of the Assam Pavilion, the stall selling Agar and its derivatives has evoked a very good response from the residents of Delhi-NCR. The man who is on mission agar is none other than Dr.Jehirul Islam. Dr Islam returned to Assam from Saudi Arabia in 2008 and plunged headlong into deep research in agarwood farming. Called ‘liquid gold’ for its high commercial value, as its oil is used for making perfumes that are loved by the people in the Middle East and the Arab world, he discovered the disease in this indigenous plant and also pioneered the legalisation of its trade.

Subscribe to enjoy similar stories. New Delhi: As state-run NTPC is set start construction of its green hydrogen hub in Andhra Pradesh by the end of the month, the company is in talks with possible buyers of the green molecule. NTPC is in talks with Japan's EPC major Toyo Engineering Corp.