Merit Financial News

The largest proposed grocery merger in U.S. history is heading to court

Supreme Court on Thursday refused to pass an interim order to ensure that the committee of creditors (CoC) does not hold any meeting in pursuance of the insolvency proceedings against embattled ed-tech firm Byju's. A bench comprising Chief Justice D Y Chandrachud and Justices J B Pardiwala and Manoj Misra, however, said it will accord the final hearing in the matter on August 27. The bench said the developments, which may take place in the meantime, can be negated if it finds there was no merit in the appeal of the US-based creditor Glas Trust Company LLC against the judgment of the insolvency body — National Company Law Appellate Tribunal (NCLAT). At the outset, senior advocate Abhishek Singhvi, appearing for Byju's, and Solicitor General Tushar Mehta, representing the Board of Control for Cricket in India (BCCI), said the CoC has been constituted in the meantime and 98 per cent stakes are with the US firm.

Ghaziabad's stamp and registration department has received only 20 objections to the proposed 15 per cent to 20 per cent hike in circle rates for both residential and commercial properties. The window for filing objections or providing feedback will close in three days, with the revised rates expected to take effect on September 15, following the government's redressal of concerns on August 28, a TOI report stated.

data localisation requirements issued by RBI to be applied from January next year. Data localisation involves fragmenting operations for multinational banks, which increases costs and reduces competitiveness. Foreign banks have been winding down their presence in India, particularly in the retail segment, as local private banks have expanded their footprint.

undergraduate programs. Students who completed the counseling registration form can see the seat allocation results at bhucuet.samarth.edu.in, the official website. Candidates can see the first round's allocation outcome by providing their application number and birthdate.The outcome of the seat distribution will be determined by the candidates' CUET UG scores, merit rankings, selected courses, and preferences. By August 20 (5:00 pm), at the latest, students must submit the acceptance fee in order to confirm their seat assignment. It is required of the candidates to finish the admissions process promptly; any possibility of not doing so would result in the loss of the reserved seat.

The former chief financial officer for Royal Bank of Canada is suing the bank for almost $50 million over claims of wrongful dismissal.

Agniveers of the Indian Navy was held at INS Chilka in Odisha. The passing-out parade took place on Friday, and a total of 1389 Indian Navy Agniveers, including 214 women, graduated from the portals of INS Chilka. «A significant milestone was achieved as 1389 Agniveers, including 214 women Agniveers, of the Indian Navy passed out from the portals of INS Chilka on 09 Aug 24,» as per a Ministry of Defence press release.

KCET 2024) has been released by Karnataka Examinations Authority (KEA) on its official website, cetonline.karnataka.gov.in, today. Note that the mock allotment results reflect the choices submitted up to August 4. The initial release date for these results was August 7, but it was postponed to today.

University of Maryland economist Peter Morici discusses whether Wall Street investors believe Bidens economy is improving on Varney & Co.

Probal Sen, V-P-Equity Research, ICICI Securities, says there is a reasonable dividend yield in NGC and Oil Insia and the return ratio should start to show an improvement, specifically for ONGC and to a lesser extent with Oil India, despite all the strength, I think there is still some steam left in these two stories. When did you last look at ONGC so closely after decades of tracking the energy space? Does it merit the big upgrade coming in? Three of your peers in the industry have done it. Probal Sen: We have had a positive stance on ONGC over the last year. I am surprised by the extent of the reaction. To be honest, I do not think that the production guidance that the company gave was anything new compared to what they have been anyways saying for the last three quarters.

CBI conducted searches at 15 locations in Chhattisgarh in connection with allegations of nepotism in the public service commission examination held in 2022, officials said on Wednesday. «Ineligible» family members of politicians, PSC officials and public servants were recruited in lucrative government jobs, they said. The searches took place at six locations in Raipur, three in Durg, two each in Mahasamund and Dhamtari and one each in Sarguja and Bilaspur at premises connected to those who benefited from the nepotism, they said. The CBI has named 16 such candidates who were appointed as deputy collectors, deputy superintendents of police and other lucrative positions, they said. The agency searched premises of 15 of them on Wednesday while the residence on one candidate was searched earlier, they said.

exporters on Tuesday said that the political situation in Bangladesh may lead to short-term shifting of garment orders to India. However, they added that India has no intention or inclination to exploit this unfortunate situation in its friendly neighbouring country. On Monday, former Bangladesh Prime Minister Sheikh Hasina resigned and fled the country amid massive public anger over her government's controversial quota system reserving 30 per cent of jobs for families of veterans who fought the 1971 liberation war. More than 400 people have been killed in the protests. Mithileshwar Thakur, Secretary General of the Apparel Export Promotion Council (AEPC) said that the current situation in Bangladesh is a matter of great concern for all the exporters.

Kejriwal's close aide Bibhav Kumar in a case concerning alleged assault on AAP MP Swati Maliwal was «necessary» and police strictly followed the law while doing so, the Delhi High Court has said. The court, which on Friday dismissed Kumar's petition that claimed his arrest was illegal, said in its written judgment that there was no merit in his plea. Kumar, currently in judicial custody, allegedly assaulted Maliwal at Kejriwal's official residence on May 13. He was arrested by the Delhi Police on May 18. In his plea, Kumar had sought a direction to declare his arrest as illegal and in gross violation of the provisions of section 41A (notice of appearance before police officer) of the Code of Criminal Procedure (CrPC) and against the mandate of the law.

Supreme Court is scheduled to hear on Monday Aam Aadmi Party (AAP) leader Manish Sisodia's bail pleas in corruption and money laundering cases linked to the alleged Delhi excise policy scam. The former deputy chief minister of Delhi has sought bail contending that he has been in custody for 16 months and the trial against him has not made any progress since October last year.

The future of the DOL’s fiduciary rule became uncertain on Thursday, after a US district court judge ordered a stay on the controversial regulation.

From tech to tractors, companies are dialing back diversity, equity and inclusion efforts. Instead, a DEI alternative endorsed by Elon Musk could alter the fate of your next job application. It’s known as MEI, short for merit, excellence and intelligence.

A federal appeals court is allowing a Biden administration rule aimed at limiting planet-warming pollution from coal-fired power plants to remain in place as legal challenges continue

Kathleen Martin, a former interim data transformation chief, has filed a lawsuit against Citi, claiming she was poached under false pretenses and subsequently unfairly dismissed. Martin, who served as JPMorgan’s global technology chief of staff, said she was enticed to join Citi in late 2021 with promises of a “long-term leadership position.” She alleged the reality fell short of these promises, leading to her termination in September 2023.

Stay tuned to this live blog for the CUET UG 2024 result date and time, direct link and all other updates.CUET UG Result 2024 Live: Candidates can check their scorecard on the official website by entering their login credentials, such as Application Number and Date of Birth (DOB)CUET UG Result 2024 Live: According to the NTA notification, in CUET UG, each question will carry five marks:Correct answer: +5 marksIncorrect answer: -1 markUn-attempted questions: No marksCUET UG Result 2024 Live: The NTA will not release any CUET UG merit list.

Lalit Bhasin, an independent director at Godfrey Phillips, has refuted allegations made against him by Samir Modi, a promoter and board member of the tobacco company. Samir Modi claimed that he was assaulted at a board meeting in May at the behest of other directors, including his mother Bina Modi and Bhasin. «This is something personal. Defamatory, libellous, outrageous allegations have been made against me,» Bhasin told ET.

Delhi High Court recently allowed the sale of 26 luxury cars of Sukesh Chandrasekar observing that the cars are subject to natural decay and depreciation. These cars were attached and in possession of the Directorate of Enforcement (ED) in a money laundering case linked to the Rs 200 crores extortion case. Justice Swarana Kanta Sharma in a recent judgement dismissed the petition moved by Leena Maria Paulose, wife of Sukesh challenging the order permitting the sale of the cars.