City Sanjiv Financial News

₹75 on Friday. It is now just 9% higher than its public issue price of ₹70 in September 2024.

Subscribe to enjoy similar stories.The end of a 15-year political regime in West Bengal has rekindled investor interest in companies headquartered in the state, triggering a sharp rally in select stocks on expectations of a policy reset.On 4 May, the Bharatiya Janata Party (BJP) registered a watershed win in the 294-member assembly, unseating the Mamata Banerjee-led Trinamool Congress (TMC) and ending its 15-year rule.On the back of expectations of improved industrial policy clarity and faster clearances, shares of RP Sanjiv Goenka Group companies, Bandhan Bank, Emami Limited and others saw a sharp move in prices.However, analysts caution that the rally reflects anticipatory positioning rather than earnings visibility.“The market is largely anticipatory positioning, not earnings-led yet,” said Ajay Bagga, a market expert. “Any regime shift that improves industrial policy clarity and capex visibility can expand earnings multiples but sustainability depends entirely on execution, not sentiment,” Bagga added.Shares of Kolkata-based Bandhan Bank touched an all-time high of ₹212.5 on Monday, emerging as the top gainer in the Nifty Private Bank pack that day.As of FY26, West Bengal accounted for 24% of Bandhan Bank’s total loans and advances—the highest among all states.

Mumbai: Global private equity firm L Catterton’s India pool of capital, led by former Hindustan Unilever (HUL) chief Sanjiv Mehta, is eyeing more proprietary deals in the country after deploying over $100 million across companies like Farmley, Haldiram’s and Healing Hands Clinic over the last year.“Our deals are primarily proprietary in nature, and we don’t take part in intense bidding processes. This preferential access allows us to have better returns for our investors through better pricing discipline.

West Bengal School Service Commission (WBSSC) saying it «intentionally» covered up the lapses and illegalities in the appointment of 25,753 teachers and staffers in state-run and state-aided schools. The scathing remarks came from a bench of Chief Justice Sanjiv Khanna and Justice Sanjay Kumar in its judgement by which it annulled the appointment of 25,753 teachers and staffers. Authoring the judgement, the CJI said despite the factual background and the credible evidence indicating irregularities the «WBSSC initially did try and cover up the lapses and illegalities». The CJI went on, «The cover up itself has made the verification and ascertainment more difficult or rather impossible given the scale of camouflage and dressing up done at each stage. We are convinced that the entire selection process was intentionally compromised due to the illegalities involved.» The top court upheld the Calcutta High Court's findings on illegalities in the selection process on 17 counts. The high court said OMR sheets were destroyed without the scanned mirror images being preserved on the commission's server.

Allahabad High Court Bar Association will stage an indefinite strike from March 25 onwards following Justice Yashwant Varma's proposed transfer to Allahabad High Court, a senior office bearer of the body said on Monday. «Lawyers of the High Court Bar Association, Allahabad will go on an indefinite strike from Tuesday following Justice Yashwant Varma's transfer to Allahabad High Court,» bar body president Anil Tiwari told PTI. He added, «We are sending a request to the Bar Associations in Lucknow in this regard.» The strike call came after the Supreme Court collegium on Monday confirmed its decision to recommend the transfer of Delhi High Court's Justice Yashwant Varma, facing an enquiry over the alleged discovery of huge cash from his official residence and from whom judicial work was withdrawn, to his parent Allahabad High Court. After passing of the resolution during the lunch hours of the court, the lawyers abstained from judicial work for the remaining day.

Subscribe to enjoy similar stories. Mumbai: Succession planning at Bajaj family’s financial services businesses begins by identifying young leaders and grooming them for years so that they can step up in future, Sanjiv Bajaj, chairman and managing director, Bajaj Finserv said. “We identify them early.

Hindustan Copper aims to generate around Rs 2,400 crore revenue over the next 20 years from its recent contract with a JSW Group firm which has been appointed as a mine developer and operator for two blocks in Jharkhand, a top company official said on Sunday. JSW Group's South West Mining Ltd (SWML) secured a contract on a revenue-sharing basis in January through a competitive bidding process for Rakha copper mining, comprising two blocks — Rakha and Chapri — in Jharkhand, for a period of 20 years, extendable by another 10 years. «The contract is an important development and key to the revival of Jharkhand operations. It is on a revenue-sharing basis. We estimate earning a revenue of around Rs 2,400 crore over the next 20 years,» Hindustan Copper Chairman and Managing Director (CMD) Sanjiv Kumar Singh told PTI in his first interaction after assuming the charge. Singh, who took over as the chief of the Kolkata-based PSU on Friday, was the director (mining) since 2022 and was also holding additional charge of director (operation) until early March.

Supreme Court on Monday said the trial of the Manipur ethnic violence cases, probed by the CBI, would be conducted in Guwahati, Assam, where it was transferred to earlier. A three-judge bench headed by Chief Justice Sanjiv Khanna also extended till July 31, 2025, the tenure of a committee headed by Justice Gita Mittal, the former chief justice of the Jammu and Kashmir High Court. The panel, also comprising former Bombay High Court judge Shalini P Joshi and Asha Menon, former Delhi High Court judge, was set up on August 7, 2023 by the top court to oversee relief and rehabilitation of the victims of ethnic violence in Manipur. The tenure of the panel was previously extended by the top court by six months on August 5, last year. On Monday, the bench noted the submissions of a lawyer over the fate of the trials in the cases that were transferred to Guwahati for pre-trial proceedings by the bench on August 25, 2023. «We clarify that the trial of transferred cases will be held before the courts at Guwahati,» the CJI said.

L Catterton India and former Managing Director HUL, Sanjiv Mehta said on Saturday. He also said that the India-focussed joint venture that he formed with global investment firm L Catterton's Asian arm to develop a new investment vehicle is primarily focused on consumers, which is his «sweet spot… „If you look at the investment journey, this entire private equity journey, it starts with identifying where you want to invest. Then you look at identifying what could be your potential investment in a portfolio company. Then you decide the timing of investment and how much to invest. Then it is the classical creation of value. And the value is what I described, how technology will reshape value creation,“ Mehta said at the Mumbai Tech Week, which concluded here on Saturday. Noting that the last thing is determining when to exit, he said that's the whole value chain of private equity.

Family businesses in India have been able to survive for centuries as succeeding generations have been given the freedom to create their own ideas, RP Sanjiv Goenka Group Vice-Chairman Shashwat Goenka said on Friday.

Calcutta High Court's April 22, 2024 decision invalidating the appointment of 25,753 teachers and other staff in state-run and state-aided schools of West Bengal. A bench comprising Chief Justice Sanjiv Khanna and Justice Sanjay Kumar said, «Arguments heard. Judgement reserved.»

Supreme Court on Thursday transferred all petitions challenging the 2025 Common Law Admission Test (CLAT) results to a division bench of the Delhi High Court. A bench comprising Chief Justice Sanjiv Khanna and Justices Sanjay Kumar and K V Viswanathan ordered that all the petitions will be taken up by the high court on March 3.

Supreme Court on Monday sought a report from a Forensic Science Laboratory (FSL) on the authenticity of some audio recordings that point to the alleged role of Manipur chief minister N Biren Singh in the violence between Meitei and Kuki communities in the state.

Supreme Court on Friday refused to entertain a PIL against the practice of charging an additional fee for «VIP darshan» and according of «preferential, selective and special treatment» to a certain class of people in temples. A bench comprising Chief Justice Sanjiv Khanna and Justice Sanjay Kumar said it was for the society and temple management to decide the issue and the court cannot pass any direction.

AIIMS New Delhi, to regularise the unauthorised absence of doctors who were part of protests against the rape and murder of a doctor at RG Kar Hospital, Kolkata. A bench comprising Chief Justice Sanjiv Khanna and Justice Sanjay Kumar took note of the submissions of a doctors' body that some hospitals had regularised the absence of the doctors following its August 22, 2024 order but a few others, including AIIMS Delhi, decided to treat the period as leave of absence.

Ashwini Vaishnaw said on Thursday. Speaking at a session during the World Economic Forum Annual Meeting here, the minister said inclusive growth remains a key pillar of the country's economic blueprint, alongside continued focus on manufacturing, services and simplification of laws.

Supreme Court on Wednesday delivered a split verdict on a plea filed by former councillor and Delhi riots accused Tahir Hussain seeking interim bail to campaign for assembly polls. While Justice Pankaj Mithal dismissed Hussain's plea saying no case was made out, Justice Ahsanuddin Amanullah opined he could be released on interim bail.

Chief Justice Sanjiv Khanna and Justices B R Gavai and Surya Kant referred to the data on pendency of criminal cases in several high courts and said in Allahabad High Court alone there were 63,000 criminal appeals pending.

Supreme Court on Wednesday sought responses from the Centre and the poll panel on Congress general secretary Jairam Ramesh's plea against the recent amendments, including no public access to CCTV, to the 1961 election rules. A bench comprising Chief Justice Sanjiv Khanna and Justice Sanjay Kumar took note of the submissions of senior advocates Kapil Sibal and Abhishek Manu Singhvi, appearing for Ramesh, and issued notices on the plea.

90-hour workweek controversy, ITC Ltd Chairman Sanjiv Puri said empowering employees to realise their potential and accomplish their jobs well was more important than the number of hours put in. «We would not do that,» he said on not asking employees to put in a particular number of hours at work. We would rather like people to be part of the journey (of the company) and feel passionately involved and kind of feel the urge amongst themselves to make a difference to the enterprise. That's how we look at it".