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Indiabulls Real Estate (IBREL) and Embassy Group is hampering decision-making process, impacting the listed real estate firm's growth plans and unsettling stakeholders, Jitendra Virwani, the group's chairman and founder, told ET. First announced in 2020, the merger was expected to create one of India's largest property developers. The merger scheme has been approved by regulators and 99.99% of IBREL shareholders, and is currently awaiting nod from National Company Law Appellate Tribunal (NCLAT). «The delay in the merger between the company (IBREL) and the Embassy Group has been detrimental for both the companies and their stakeholders due to its prolonged uncertainty,» Virwani said in an exclusive interaction. «With one promoter stepping off and the other not being able to take control, there has been a lag in decision making and in taking the company forward despite the real estate sector witnessing one of its best growth years.»

Also Read: Our Solar System will die a grisly death, will be ‘crushed and ground to dust’ Higgs shared his Nobel prize with Belgian physicist Francois Englert for proposing the existence of what became known as the Higgs boson particle and the invisible field in space that gives mass to matter. The discovery of the elemental particle was announced in 2012 by European nuclear research body CERN after the boson was detected in the Large Hadron Collider, an underground laboratory near Geneva that smashes protons together at almost the speed of light and records data on their interaction.

Telecom operators, Reliance Jio, Bharti Airtel and Vodafone Idea have demonstrated rare unanimity in opposing the sector regulator’s proposal to have more stringent provisions for improving the quality of services. Consumer advocacy groups, however, have backed the regulator in demanding guardrails that hold telcos accountable for the quality of service, prompting telcos and telecom associations to oppose the draft regulations. The regulator has asked stakeholders to send more comments by April 22.

₹1,411 crore via open market transactions on Tuesday. This divestiture entailed the sale of 81.20 lakh shares of Gland Pharma through separate bulk deals on the National Stock Exchange (NSE). As per NSE data, Lakumi Trust divested 61.65 lakh shares of Gland Pharma, while Nicomac Machinery sold more than 19.55 lakh shares, equating to a 3.74 percent and a 1.18 percent ownership stake in the company, respectively.

vote in the upcoming Lok Sabha election in Uttarakhand will be eligible for a 20% discount on their food bills at hotels and restaurants affiliated with the Uttarakhand Hotel Restaurant Association. The discount will be applicable from the evening of April 19 to April 20. This initiative comes as a result of a Memorandum of Understanding signed between the association and the Election Commission to boost voter turnout in the state. «After the polling concludes on April 19, individuals who visit our member hotels will receive a 20% discount on their food bills until April 20. We have decided to implement this to encourage voter participation. To avail the discount, voters simply need to show the Electoral ink mark on their finger,» stated Sandeep Sahni, President of the Uttarakhand Hotel Restaurant Association. According to Additional Chief Electoral Officer Vijay Kumar Jogdande, many organizations have come forward to help the effort of increasing voting percentage in the state. The Uttarakhand Hotel Restaurant Association has made this proposal and the Commission has agreed, he added.

₹2.64 trillion provided in the budget. Officials said that capex spending of MoRTH has remained over 90% level in previous five years and in fact above 98% in three of the five years with the exception of FY20 when it was 91% and FY22 when it stayed at 93%.

fixed-term leases after hers wasn’t renewed – a decision the rental company said was necessary based on its “overall business strategy.”Sarah Mosher and her wife have been living in a one-bedroom apartment in a small multi-unit complex on Oxford Street for more than five years, but they will soon have to move after their landlord decided to end their fixed-term lease.“They had no complaints…. We’ve been good tenants the whole time,” Mosher said.

Paytm Payments Bank's managing director (MD) and chief executive officer (CEO) Surinder Chawla has resigned from the company, according to a regulatory filing by Paytm brand owner One97 Communications on Tuesday, April 9. Chawla will be relieved from his duties from June 16, 2024. Chawla's resignation comes amidst Paytm Payments Bank Ltd (PPBL) facing prohibitory action from the Reserve Bank of India (RBI).

₹75,000-1 lakh, the retirement corpus required at age 50, on an inflation adjusted basis, would be ₹6-8 crore for a 35-year old. For this, the individual will need to invest ₹1.5- 2 lakh per month assuming return on investment of 10% per annum (p.a,). The amount to be invested if the individual wants to play safe and invest at 8% p.a.

Reliance Industries share price has seen strong gains of more than 14% in 2024 and remains amongst top 10 Sensex stock gainers . Nevertheless if considered from closing lows in October 2023, the gains for Reliance Industries stock stand at phenomenal 31.6%. Morgan Stanley Research has maintained outperform ratings for Reliance Industries with target price of ₹3046 indicating more upside for the stock.

ALSO READ: Gurugram Chintels Paradiso: With eviction notice in hand residents seek justice The permission was granted by the deputy commissioner to demolish D, E, F, G and H towers of the Chintels Paradiso in Gurugram's Sector 109. These towers were declared unsafe for habitation on the basis of audit reports submitted by an IIT Delhi team to the Gurugram administration.

Manoj Panda as a member of the 16th Finance Commission. The 16th Finance Commission, chaired by Arvind Panagariya, has four members. Former expenditure secretary Ajay Narayan Jha and retired bureaucrat Annie George Mathew are full-time members of the commission, while SBI Group Chief Economic Advisor Soumya Kanti Ghosh is a part-time member. In a notification, the Department of Economic Affairs said Manoj Panda, former Director, Institute of Economic Growth, is being appointed as a full-time member of the 16th Finance Commission.

While many are familiar with common tax-saving avenues such as Section 80C investments like PPF, ELSS, HRA, or home loan interest, there exist lesser-known strategies that can significantly benefit individuals seeking to minimise their tax burden. Today, we'll delve into five such lesser-known tax-saving tips that can assist not only employees but also business owners and freelancers in legally reducing their tax liabilities.

Reliance Industries (RIL), global broking firm Morgan Stanley has taken an overweight stance on the oil-to-retail conglomerate with a price target of Rs 3,046, signaling an upside potential of 2%. RIL’s energy vertical, which had experienced de-rating over the past decade due to expectations of a rapid decline in global fuel demand, is now set to reflate, the brokerage said.

Ghost Kitchens has acquired Ahmedabad-based cloud kitchen firm Shy Tiger Brands. The acquisition is part of Ghost Kitchens’ expansion strategy in Gujarat, it said in a statement. Shy Tiger operates five multi-brand cloud kitchens in Ahmedabad and operates brands like KBOB’s and The Black Chimney. Shy Tiger has an annualised revenue run rate (ARR) of Rs 5 crore, the statement added.

insurance policy designed for pet dogs and cats. India’s pet care industry is experiencing a consistent annual growth rate of approximately 13% and is projected to reach $800 million by 2025. However, many pet owners still face challenges in accessing affordable veterinary care, often spending thousands of rupees annually on their pets’ treatments.

credit score, you may also think about applying for a loan with a co-applicant or a guarantor. Applying for a joint loan with your spouse, a close relative, or a friend who has a strong credit score can help leverage their rating for approval. Additionally, with the consent of your guarantor or co-applicant, you will need to provide a few signatures and complete KYC formalities for the loan.

Oil prices rose in early Asian trading after hopes diminished that negotiations between Israel and Hamas would lead to a ceasefire in Gaza and ease tension in the Middle East. Brent crude futures rose 40 cents to $90.78 a barrel by 0032 GMT. U.S. West Texas Intermediate (WTI) crude rose 35 cents to $86.78.

Russia to withdraw its military and civilian personnel from the Zaporizhzhia nuclear power plant and return its full control to Ukraine. In a regular US State Department briefing on Monday (local time), spokesperson Matthew Miller said that the US is aware of the reports of a 'drone attack' on the power plant, and is monitoring the conditions there.

Top Events of the Day: India is all set to witness a series of important political, judicial, and technological events today. These include PM Modi's Lok Sabha election campaigns in Madhya Pradesh, Uttar Pradesh, and Tamil Nadu, Amit Shah and Rajnath Singh's public rallies, farmers protest, Arvind Kejriwal's bail plea in Delhi HC, etc. Besides this, the nation will also celebrate Navratri and Ugadi on April 9.

The first wave of trials will involve 10 market participants, six market DLT operators and five central banks, carrying out tests involving actual settlement in central bank money and experiments with mock settlement in a test environment.The use cases mainly explore the securities settlement cycle, such as delivery-versus-payment, secondary market transactions and lifecycle management of securities. Other options under consideration are related to cross-border payments, such as payment-versus-payment.Deutsche Börse’s post-trade business Clearstream is part of the operation through its digital post-trade platform D7, which has been boosted with DLT capabilities. Jens Hachmeister, head, issuer services and new digital markets, Clearstream, says: “Clearstream’s participation in the ECB trials is a significant milestone in our digitisation journey: we are expanding our D7 digital securities infrastructure with DLT components and fostering connections with the main digital payment solutions across the Eurosystem.