Services Financial News

Delhi Services Bill was passed in the Rajya Sabha on Monday amid the opposition's din. The Bill will replace an ordinance promulgated for handling the transfers and postings of senior officers in the Delhi government. The said bill was passed by a division of the assembly, which is a method of taking a vote that physically counts members voting.

Batliboi & Associates LLP (Firm Registration No. 101049W/E300004) has been appointed as the Statutory Auditors of PPSL with effect from August 07, 2023 as per applicable provisions of Section 139 of the Companies Act, 2013.

Delhi services bill is a «political fraud» and «constitutional sin» aimed at taking away the powers of an elected government in the national capital, AAP leader Raghav Chadha said in Rajya Sabha on Monday. Participating in a discussion on the National Capital Territory of Delhi (Amendment) Bill, Chadha termed it «the most anti-constitutional, illegal, undemocratic legislation ever presented» in the House. «I am starting today not representing two crore people of Delhi but 135 crore people of this country,» he said.

Ordinance promulgated by the Centre in May which transferred the control of bureaucrats from Delhi government to a committee in which the Centre has a majority vote. The AAP has alleged that the Ordinance is introduced to overturn the judgment of the Supreme Court which gave control of services to the Delhi government. The bill creates a National Capital Civil Services Authority with Delhi Chief Minister, the Chief Secretary, and the Principal Home Secretary as its members who have to take decisions on the transfer of bureaucrats through the majority and the Lieutenant Governor of Delhi remains the final arbiter.

After a major rebranding of the popular social media platform Twitter to X, Elon Musk has now rebranded the popular Twitter Blue subscription services to X Premium.

MPs to be present in the House on 7 and 8 August. "All members of the Aam Aadmi Party (AAP) in the Rajya Sabha are requested to kindly remain present in the house from 11 am onwards until adjournment of the House from 7th August to 8th August, 2023, without fail and support the party stand. This may be treated as MOST IMPORTANT," it read.

Hiring by India’s top IT exporters is expected to drop by nearly 40% on-year in the current fiscal, underscoring the demand uncertainty and slowdown in technology services that is weighing down the $245-billion industry.IT services majors are estimated to hire between 50,000 to 100,000 employees during fiscal 2024, according to data from staffing firm Xpheno. This will mark a precipitous decline from the net hiring of over 250,000 by these companies in the previous year.

Reliance Industries Limited (RIL) aims to provide affordable green hydrogen as a viable alternative to traditional fuels, said Chairman Mukesh Ambani in Ambani in RIL's integrated annual report 2022-23 released on Sunday. «A switch to cleaner energy sources is key to our decarbonisation strategy. We are making significant strides in establishing a world class solar energy value chain...Our goal is to provide affordable green hydrogen as a viable alternative to traditional fuels,» Ambani said in his address to shareholders.Reliance is among the largest global producers of grey hydrogen.

Bill has already been passed by Lok Sabha where the BJP is in majority. Earlier on August 3, the Bill was passed in Lok Sabha by a voice vote after a walkout by members of I.N.D.I.A alliance. The Delhi Services Bill empowers the Central government to make rules in connection with the affairs of the National Capital Territory of Delhi.

India's largest retailers and telecom operator in the shortest span of time, billionaire Mukesh Ambani has now set his sight on propelling newly-carved financial services business unit into country's largest non-banking lender while transitioning the conglomerate to net carbon zero by 2035. The recently demerged Jio Financial Services Ltd will leverage the prowess of digital and retail businesses, Ambani said in the latest annual report of Reliance Industries Ltd.

Reliance Industries Ltd. said it expects shares of its financial services business to be listed soon as the conglomerate seeks to propel its recently carved out unit into India’s largest non-banking lender, leveraging the prowess of the digital and retail businesses. “The new entity is expected to unlock value for shareholders and give them an opportunity to be a part of a new growth platform,” Reliance’s billionaire chairman Mukesh Ambani in his message to shareholders in the annual report for the financial year that ended Mar.

Anil Vij has claimed that " there was a big game plan" behind the communal clashes in the state's Nuh district. Vij told the media, "People climbed hills next to the temples, had lathis in their hands, and gathered at entry points, all this is not possible without a proper plan.

Delhi Services Bill for its consideration and passage in Rajya Sabha on Monday, sources said. The Government of National Capital Territory of Delhi (Amendment) Bill, 2023 to replace the ordinance on transfers and postings of senior officers in the Delhi government was passed by Lok Sabha on Thursday amid a walkout by the opposition parties. «The Delhi services bill will come up in Rajya Sabha on Monday. Voting for the passage of the bill will be held the same day in the evening after the conclusion of a discussion on the bill,» a source said. Senior Congress leader and Supreme Court lawyer Abhishek Manu Singhvi is likely to initiate the debate from the opposition side, the sources said. Singhvi had represented the Delhi government in the Supreme Court in the matter related to control of administrative services.

India Shelter Finance Corporation and Delhi-based BLS E-Services filed draft papers with the market regulator Securities and Exchange Board of India (Sebi) for their initial public offers (IPOs). India Shelter Finance looks to raise Rs 1,800 crore via its IPO. The public offer comprises a fresh equity issue worth Rs 1,000 crore and an offer for sale (OFS) of Rs 800 crore.

OTT), internet-based and satellite-based communication services, broadcasting, internet and broadband services within its ambit, which has been red flagged by social media and technology companies in the messaging space as it could lead to regulation of OTT communication apps. The bill is likely to address the issue of regulation of OTTs. While the government has specified that it would engage in light-touch regulation, affected companies are continuing to oppose this proposal.

Crypto-friendly British neobank Revolut has announced plans to halt its crypto services for US customers. 

Army having the maximum of 7,054 of them, government data placed before Lok Sabha showed on Friday. The total number includes officers, other ranks as well as those in medical, dental and nursing services. The number of women personnel employed in the three services excluding those in medical, dental and nursing services comes to 4,948.

American customers will not be able to buy crypto via the Revolut app from 2 September.

Cryptocurrency-friendly trading neobank Revolut is wrapping up its crypto services in the United States amid the ongoing regulatory uncertainty.

Novo Nordisk Global Business Services (GBS) and Manipal Academy for Higher Education (MAHE) have formally entered into a Memorandum of Understanding (MoU) with the aim of exploring collaborative opportunities within the pharmaceutical value chain and its application within the healthcare ecosystem, according to an official release.

Lok Sabha on Friday approved a Bill which seeks to empower the commander-in-chief and officer-in-command of inter-services organisations with disciplinary and administrative powers over personnel from other forces serving in such establishments. Moving the Bill for consideration and passage, Defence Minister Rajnath Singh said the Inter-Services Organisations (Command, Control and Discipline) Bill is part of a series of steps being taken by the government to strengthen the armed forces.