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Supreme Court seeking directions to the CBI and the ED to investigate alleged irregularities in the medical entrance exam NEET-UG held on May 5. The petition, filed by 10 students who had appeared for the exam, has also sought a direction to Bihar Police to expedite the investigation in the case and file a report before the apex court. «The petitioners are fully aware of the ramifications of the cancellation of the examination but there is absolutely no other alternative. »The NEET UG Examination of 2024 had many other irregularities, in particular, the gross negligence on the part of the authorities to make the question papers available to the candidates on time. In some places, the wrong set of question papers was distributed and later recalled," the plea said.

inflation has reduced the purchasing power of Rs 100 over the years. So why should you pay income tax on long-term capital gains without factoring in inflation? Rather than inflationary gain, it is fair to pay income tax only on real gain. This is why the Income Tax law allows you to take advantage of indexation. It helps you to get a discount for inflation over the current price of the asset and get the inflation-adjusted present value of your capital gains. «Indexation is a mechanism which is used to adjust the current price of a capital asset to reflect the effect of inflation on it in comparison to the date of its actual purchase. With the help of indexation, one can lower the Long-Term Capital Gain (LTCG) and corresponding tax applicable on it at the time of sale of such capital asset,» says Daizy Chawla, Managing Partner, S&A Law Offices. So, you must use indexation to your advantage and pay a lower long-term capital gains tax. However, do note that this benefit is not available for every capital asset.

Tiruchirappalli (Tamil Nadu) [India], June 22 (ANI): In the wake of the deaths in Kallakurichi in Tamil Nadu in which 50 people died, 250 liters of illicit liquor were seized and disposed off in the state's Tiruchirapalli district. The action was taken by Tiruchirapalli District Collector, Pradeep Kumar and Superintendent of Police, Varun Kumar, based on intelligence input on Friday night, police said The district Collector Pradeep Kumar spoke with locals and made them aware of the harmful effects of illicit liquor. He also made them take an oath that they would not consume illicit liquor.

labour ministry on Friday hauled up Amazon for inappropriate occupational safety and working conditions at its warehouse after due diligence by the Centre revealed negligence at the Manesar warehouse of the e-commerce giant. Top sources aware of the development told ET that labour secretary Sumita Dawra held a meeting with Amazon officials dealing in public policy and human resource, seeking their response on the lack of adequate facilities with respect to utilities, rest rooms and other related issues at their facility. «The ministry has given them time till Monday to respond to its queries following which it will submit its report to the National Human Rights Commission on the Amazon incident,» a person familiar with the development said. An email query to Amazon did not elicit any response till press time.

NDRF, performed yoga along with them, as the 13th battalion of National Disaster Response Force (NDRF) celebrated the 10th International Yoga Day in Udhampur on Friday. Parveen Singh Assistant Commandant 13th Battalion NDRF Udhampur said, «On the occasion of International Yoga Day, for the last 15 days we are regularly involved in Yoga Day activities. The most important aspect is that we have involved a stray dog. To raise awareness of Yoga we have included stray dog in the activity so that people realise that if a stray dog can perform it with ease then definitely the common man should do it. Trained dogs have high IQ levels and can pick up easily but the stray dog took more time to learn yoga.» He said that the stray dog has been included in the Yoga activity since the last 15 days.

Ketan Mehta is a patient man. After establishing a business for buying and selling life insurance policies in 2002, the chartered accountant (CA) spent a decade (2005-2015) embroiled in litigation. LIC, India’s largest insurance company, opposed the idea of a 'secondary market' in insurance and did not cooperate with Mehta. 

MintGenie, Jain said that securities may lie unclaimed due to lack of awareness, change of address, failure to update contact information, death of the shareholder with uninformed heirs, lost documentation, and inactive accounts.Unclaimed shares and dividends are equity shares and their payouts that have not been claimed by their rightful owners even after the declaration of a dividend. Reasons include lack of awareness, outdated contact information, or heirs being unaware of investments.

Yoga, a tradition originating from India over 5,000 years ago, is a practice that combines physical, mental, and spiritual disciplines to achieve a harmonious balance between the body and mind. The word «yoga» is derived from the Sanskrit term meaning «to join» or «to unite,» symbolizing the union of body and consciousness.

HDFC Bank is discussing with investors and the regulator a plan through which the country's most-valued lender would buy back some of the bonds issued by the erstwhile HDFC, and replace these instruments with new infrastructure bonds to be sold to the same set of investors holding the securities. This exercise, if approved, would help HDFC Bank cut interest costs as bank infrastructure bonds have the advantage of exemptions from regulatory reserve requirements like Statutory Liquidity Ratio and Cash Reserve Ratio.

Stifel, Nicolaus & Co. But like prior “bubble” episodes, this one eventually has to pop too, the firm’s chief equity strategist says. Stifel’s Barry Bannister says the US stock benchmark has a shot at reaching the 6,000 mark before the end of 2024 as investors keep piling in, up from just below 5,500 Thursday. But by mid-2026, he expects the gauge to sink back to where it began this year — around the 4,800 level — erasing a fifth of its value.

Nirmala Sitharaman to increase Securities Transaction Tax (STT) on high frequency traders. The demand was put before the FM in a pre-budget consultation meeting on Thursday. STT is applicable on every sale and purchase of equities listed on the exchanges. The rate of STT during the sale of options or futures is 0.017% and 0.01%, respectively.

chips that fuel generative AI, do its clients, such as Microsoft and Alphabet (Google), have concrete monetisation plans for the technology? Two, Nvidia has left its much-bigger rival Intel far behind in both earnings and valuations. So, is it right now open to challenges to its temporary computing monopoly? The analogy to Cisco's rise during the dotcom boom is stark. For those of us who remember, the internet delivered, but not the company making the switches connecting it.

Baby Reindeer. You’ve either devoured the Netflix hit already or have been warned to steer clear of it because it may be too triggering, but you’re aware of the show itself, and of its part confessional, part true-crime nature.

BENGALURU : Sometime early last year, agritech startup Reshamandi was riding the funding boom, churning revenues, and eyeing net profitability and expansion. Today, the Bengaluru-based firm finds itself ensnared in a financial crisis, with frozen bank accounts, delayed debt repayments, and mounting legal challenges threatening its survival. The company, a business-to-business marketplace for silk products, has been struggling with delayed debt repayments amid difficulty in raising funding since the middle of last year, characteristic of the struggles in the wider agritech sector.

TPG Capital has emerged the lead contender for about 60% of Michigan-based digital services company Altimetrik, said people aware of the development. Altimetrik, owned by Indian American entrepreneur Raj Vattikuti, is being valued at $1.5 billion (₹12,500 crore), they said. TPG's Asia investment platform TPG Capital Asia has signed an exclusivity agreement with the promoters, said the people cited. Jefferies is advising the promoter.

Such projects are currently required to give additional discount on tariff to get coal linkage at notified price of Coal India Ltd. The aim is to simplify the coal linkage policy, according to people aware of the development. Under the SHAKTI policy coal linkage is given in two ways — at notified price of coal or at a premium through auction.

National Financial Reporting Authority (NFRA) will wrap up its first annual inspection of eight audit firms — including the Big Five — and reveal its findings by October or November, people aware of the auditing regulator's plans said. The inspection, focused on the processes and standards adopted by auditors, could reveal how NFRA plans to bolster the country's audit and accounting ecosystem to curb corporate frauds and uphold shareholders' interests in a fast-growing economy, one of the persons said. The inspection reports will also reveal the Big Five's compliance with suggestions made in the regulator's December 2023 reports that had flagged deficiencies in their work processes. It had also expressed its reservation over non-audit services provided by some of these auditors to the same companies for whom they are also the statutory auditors.

PepsiCo India is seeking to enhance the livelihood prospects for 1 million women in the country by 2026 under an initiative that focuses on sustainable development and gender equality, the beverages and packaged foods company said. It is looking at doing this through a combination of upskilling, awareness building and by offering job opportunities. The company has named this initiative as RevolutioNari, and is currently looking at partnering with other companies for this project.

Rahul Gandhi will keep the Raebareli seat. They have decided to contest Priyanka Gandhi from Wayanad which means the whole family will be in parliament, which is a notion of familiarization."In the Lok Sabha elections in 2024, Congress won some seats in Uttar Pradesh with the help of the Samajwadi Party.

Coca-Cola India has sounded out the promoters of at least four top Indian business houses — including the Bhartia family that owns the Jubilant Group running the Domino's pizza chain, and the Burmans of Dabur — to sell a significant minority stake in its wholly owned bottling subsidiary, Hindustan Coca-Cola Beverages (HCCB), executives aware of the developments said. The Parekh family of Pidilite Industries, makers of the iconic adhesive brand Fevicol, M-Seal and Dr Fixit, and the promoter family of Asian Paints have also been approached for a potential $800 million to $1 billion investment via their respective family offices. Some of those approached are also exploring if they would route the proposed investments through one of their group companies. Jubilant Foodworks, India's largest food services company, for example is already in the consumer business and has the exclusive franchise for Domino's Pizza and Dunkin' Donuts and Popeyes in India. The company also owns the Domino's franchise in five other markets across Asia and has acquired Coffy, a leading coffee retailer of Turkey.

David Beckham's otherwise picture-perfect marriage with his wife, Victoria, was jolted by sensational allegations when his personal assistant, Rebecca Loos, came forward, asserting that they had engaged in a passionate affair. In his latest book, "The House of Beckham," Tom Bower reveals that Rebecca chose to reveal her allegations after she allegedly saw David neglecting to tip a Spanish waitress. Bower describes this seemingly trivial event as the trigger for her decision to go public with her claims, as per a report on The Mirror.