 "Zee’s Chandra Accused of Corruption as Regulatory Battle Escalates Dramatically")
Subhash Chandra, the chairman emeritus of Zee Entertainment, is facing legal challenges from the Securities and Exchange Board of India (Sebi) regarding allegations of fund diversion. A recent hearing at the Securities Appellate Tribunal (SAT) was postponed, with Chandra’s legal team requesting more time amidst objections from Sebi’s counsel. Chandra has publicly criticized Sebi’s chairperson, ...
 "Cafe Coffee Day Struggles: Outlets Shrink While Vending Machines Surge")
Cafe Coffee Day (CCD) is experiencing a decline in its cafe outlets, dropping to 450 in FY24 from 469 in the previous year, and its presence has reduced to 141 cities, compared to 154 the year before. However, the company has seen significant growth in its vending machine operations, which rose to 52,581. Despite the ...
 "West Bengal Unites for Justice: Historic ‘Aparajita’ Anti-Rape Bill Passes")
The West Bengal Assembly has unanimously passed the ‘Aparajita’ anti-rape bill, making the state the first to amend central laws regarding rape and sexual assault. Chief Minister Mamata Banerjee described the bill as historic and dedicated it to a trainee doctor who was tragically raped and murdered recently. She emphasized that this legislation addresses critical ...
 "Taj Trademark Victory: Court Bars Fraudulent Use, Upholds Legacy Since 1903")
The Delhi High Court has ruled in favor of Tata Group’s Indian Hotels Company Ltd (IHCL) by permanently banning the managing director of Taj Iconic Membership from using the ‘Taj’ trademark in any form. This decision comes after a trademark lawsuit linked to fraudulent activities involving the impersonation of IHCL. The court ordered the MD ...
 "Munjal Auto Faces Rs 6.76 Crore GST Notice, Vows to Fight Back")
Munjal Auto Industries has received a GST demand notice from the Haryana GST authority for Rs 6.76 crore related to the period from April 2019 to March 2020. The company plans to appeal the notice within the specified timeframe and is preparing a robust defense. Despite the significant amount, Munjal Auto assures that this will ...
 "India’s Car Tax Clash: Electric vs. Hybrid in Green Revolution")
India plans to maintain a five percent tax on electric cars while keeping a high tax of 48 percent on hybrid vehicles for the foreseeable future, according to G20 Sherpa Amitabh Kant. Major car manufacturers like Maruti Suzuki and Toyota have called for lower taxes on hybrids, arguing that electric vehicles alone cannot reduce emissions ...
 "Mankind Pharma’s Bold Move: Financing Rs 13,630 Crore Acquisition Amidst Debt")
Mankind Pharma, India’s fourth-largest pharmaceutical company, plans to raise over Rs 9,000 crore through non-convertible debentures and short-term commercial paper to fund its Rs 13,630 crore acquisition of Bharat Serums and Vaccines Ltd. The company expects an average borrowing cost of about 8.5 percent. This acquisition will significantly enhance Mankind’s position in the gynaecology-fertility Market, ...
 "Rising Incomes Spark Household Savings Rebound in India’s Economic Landscape")
RBI Deputy Governor Michael Patra addressed the CII Financing Summit, discussing trends in household savings and financial assets in India. He pointed out that net household savings as a percentage of GDP have decreased significantly, partly due to changes in spending behavior and a shift towards physical assets like housing. Despite this decline, household savings ...
 "Bajaj Housing Finance Targets 2 Million IPO Amid Impressive Growth Surge")
Bajaj Housing Finance aims to achieve a valuation of Rs 58,297 crore (approximately $6.94 billion) through its upcoming initial public offering (IPO) worth $782 million. The company has set a price range of Rs 66-70 per share for the IPO, scheduled from September 9 to September 11. This offering is significant, potentially ranking among the ...
 "Infosys Finally Confirms Joining Dates for 1,000 Long-Waiting Graduates")
After more than two years of delays, Infosys has confirmed joining dates for over 1,000 engineering graduates who were left in limbo since receiving their offer letters. These graduates will officially start their roles on October 7, 2024, at the company’s Mysore location. This announcement comes as a relief to many, particularly those from the ...
