City Sanjeev Financial News

Marsh McLennan breached its own rules by failing to warn a client of Greensill Capital that it was “patently obvious” there were serious problems at an insurance agency linked to IAG, courts have been told.

Zen Energy, Ross Garnaut’s renewable energy retailer, has lured a Macquarie Asset Management dealmaker to its C-suite while it lines up potential backers via Azure Capital.

Delhi High Court has asked the Centre and the AAP government to streamline the process for availing medical facilities under various health welfare schemes, while taking note of the constraints faced by people from economically weaker sections wanting to enjoy such benefits. The high court constituted a seven-member committee headed by Delhi chief secretary to iron out the defects in the current system.

wheat in open market to control price of the grain, the country's food secretary said on Monday. «There's no shortage of wheat in the country and all options are open before the government to control prices,» Food Secretary Sanjeev Chopra said on the sidelines of a wheat millers' meeting.

Supreme Court judge Justice Sanjeev Khanna on Sunday stressed the need for using simple language in the legal profession to enable the citizens to take informed decisions and avoid unintentional violations. Justice Khanna, speaking at the valedictory session of International Lawyers' Conference organised by apex Bar body Bar Council of India, said laws were meant to resolve disputes, not become disputed themselves. He said the question of simplicity of law, i.e., use of language that is understood by common man, required greater attention. «Is law required to be demystified? Should law be a puzzle that needs to be solved? Laws are meant to resolve disputes, not become disputed themselves.

Moneycontrol, the pharma company is in talks with four investment banks to prepare for a listing in 2024. In April this year, Akums' top executives had told Mint that they were working towards a stock market listing in two to three years. Joint managing director Sanjeev Jain at Akums told Mint in an interview, "We are planning an initial public offering (IPO) in a span of 2-3 years".

NEW DELHI : The Centre is confident of reaching its target of 12% ethanol blending with petrol target by the end of the current ethanol supply year ending October, Union food and public distribution secretary Sanjeev Chopra said on Thursday. This comes after the government procuring agency Food Corp of India (FCI) temporarily halted the supply of rice for ethanol production in July. While grains account for 20% of ethanol blending with petrol, sugar has a contribution of 80%.

Siachen, a man can also be employed as a nurse in the Army, the Delhi High Court observed on Tuesday as it pitched for gender equality in the armed forces. A bench of Chief Justice Satish Chandra Sharma and Justice Sanjeev Narula was hearing a petition about the alleged unconstitutional practice of having only women nurses in military establishments. Additional Solicitor General Aishwarya Bhati, representing the Centre, said the practices in the Army are based on long-standing traditions.

Explosives giant Orica has ramped up its targets for direct emissions reduction and has introduced an “ambition” to cut scope 3 emissions, bucking the broader trend for some energy-intensive companies to dial back on near-term climate commitments.

Indian Oil Corp Ltd, Hindustan Petroleum Corporation Ltd and Bharat Petroleum Corp Ltd – for their tenders for procurement of LPG cylinders. Under the eligibility criteria of the tenders, cylinder manufacturers having common business ownership or management, including sister companies, could submit only a single bid. This was challenged by a batch of petitioners led by Silica Udyog India and its sister concerns on the grounds that the eligibility criteria were arbitrary and curtailed the capacity of each manufacturing unit owned by them to independently participate in the tender process.

Delhi High Court has directed the state government, MCD and DDA to explain how permissions were granted for new constructions in the Southern Ridge forest area where a multi-storey housing project has already come up. The high court was informed by the amicus curiae that there have been illegal construction activities being carried out in Chattarpur area within the southern ridge. «The counsel appearing on behalf of the Forest Department, Delhi government as well as counsel for MCD and Delhi Development Authority (DDA), are directed to file a detailed and exhaustive affidavit, explaining the grant of permissions in respect of new constructions in the Southern Ridge forest area, including but not limited to the housing project 'Risland-Sky Mansion',» a bench of Justices Satish Chandra Sharma and Justice Sanjeev Narula said. The high court was hearing a batch of PILs on the problem of poor ambient air quality in Delhi, an issue which it has also taken up suo motu and in which it has also appointed an amicus curiae (friend of the court).

Jawan, the Indian film industry is buzzing with forecasts regarding its expected Box Office performance. The global advance booking for the film is closing in on a staggering ₹45 crore, as per Sacnilk. Jawan has become only the second Bollywood film to surpass the one-million mark in advance ticket sales.

Jawan starring Shah Rukh Khan is set to make a grand entrance at the box office. However, the upcoming G20 Summit in Delhi could put a damper on the celebrations for fans in the national capital. The Summit, scheduled for September 9-10, will see heads of state from around the globe, including US President Joe Biden, convening in Delhi.

New Delhi: Jawan is reaching the theatres only this Thursday, but the Shah Rukh Khan starrer is likely to achieve something that only Southern cinema spectacles have managed so far: Securing a blockbuster opening outside their home regions. The film has garnered substantial bookings not only in the north but across south India as well.

Rising food prices have been a major headache for Prime Minister Narendra Modi’s government, prompting aggressive moves over the past few weeks to protect the domestic market, including a series of curbs on rice shipments that have pushed the region’s benchmark price to its highest in almost 15 years. India, the world’s top rice shipper, has now restricted exports of every variety of the staple. It is also selling tomatoes, onions and grains from state reserves to improve local supplies. But Food Secretary Sanjeev Chopra said in an interview on Friday that thanks to ample grain reserves, plus an imminent new rice crop, the country’s situation was not worrisome.

Varanasi court on Saturday fixed September 8 for hearing the Archaeological Survey of India's plea seeking an additional eight weeks to complete the scientific survey of the Gyanvapi mosque complex and submit its report.

venture capital fund gradCapital has launched its second fund of $6 million (about Rs 49 crore) to invest in students' startups. The VC fund on Friday said it will offer a standard cheque of $40,000 (Rs 33 lakh) at 4 per cent equity in companies set up by students. gradCapital co-founder and CEO Abhishek Sethi said, «We are not in the business of finding and investing in deals, we are in the business of letting students be more ambitious and build a future, despite having a challenging education system. Students are more likely to start a D2C company instead of a quantum computer, and we need more of the latter.»

Muslim child in the viral video who was repeatedly hit and slapped by his classmates on insistence of the Neha Public School principal Tripta Tyagi. The complainant Vishnu Dutt alleged that Zubair disclosed the identity of the boy by sharing a video of the incident on social media. In the complaint it was mentioned that Zubair had revealed the identity of the minor boy who was getting hit by his classmates.

Sanjeev Chopra on Tuesday said there are no plans to import wheat from Russia under any diplomatic deal. Talking to reporters, he said that are also no plans to restrict non-basmati par boiled rice exports. Last month, Centre had imposed a ban on the export of widely consumed non-basmati white rice, following a ban on broken rice exports last year. He also informed that government will buy 52.1 lakh tonnes of rice from farmers this year as against 49 lakh tonnes procured last year. He said that fortified rice will also be given through National Food Security Act.

Himachal Pradesh government Friday declared the massive damage caused by heavy rains as a state calamity. The entire hill state has been declared as a "natural calamity affected area" in view of the damage caused to human life and property due to heavy rains, a notification issued here on Friday said.

NCLT order allowing the initiation of insolvency resolution proceedings against Dadheech Infrastructures. While upholding the National Company Law Tribunal's ruling in the case, the NCLAT also flagged that «unreasonable and unexplained delays in delivering verdicts are not desirable». The NCLT had reserved its order in December 2022 and pronounced the order only in June this year.