Country had had 20 billionaires at the last count: more than some other major economies

Gavel, order, judiciary, courts, laws

Hindu and Christian personal law treat adopted child on a par with natural-born ones

King Charles III

King Charles III is the oldest person to become a new monarch. He has been preparing for the crown since he was four years old, when his mother Queen Elizabeth II ascended to the crown

Supreme Court

The Supreme Court on Thursday said the daughters of a male Hindu, dying intestate, would be entitled to inherit the self-acquired and other properties obtained in the partition by the father

chart

If the Centre-Left Social Democrats (SPD), hard-Left Linke and environmentalist Greens come to power, the reintroduction of a wealth tax and tightening of inheritance tax could be on political agenda

Lee Kun-hee

The family said it planned to pay the bill over five years in six instalments, starting this month.

The pros and cons if inheritance tax makes a comeback in Budget 2019

Tax experts are, however, divided over the issue of whether family trusts should be exempted from inheritance tax

India's addition to a major global gauge will give global investors greater access to the world's fastest-growing large economy that offers some of the highest returns in the region

JPMorgan Chase & Co

Given the relatively small weight in the Bloomberg Global Aggregate Index, analysts expect India's inclusion could take place in one shot

bonds market, currencies, currency, RBI, yield

The rally in PSBs, analysts feel, was more a knee-jerk reaction to the development, and the actual benefits will start to accrue once the addition takes place in 2024

Banks

Air India flew and LIC moved, but a big-bang PSU stake sale programme has proved to be elusive so far

Nirmala Sitharaman,

Closing Bell on Friday, September 22: The Nifty PSU Bank jumped the most, rising 3.5 per cent

BSE, NSE, Sensex, Nifty, stock markets

Insolvency & Bankruptcy Code (IBC) cannot be used as a "tool for recovery", the NCLT observed on Tuesday while dismissing a plea by two unit buyers of a commercial complex.
The Principal Bench of the National Company Law Tribunal (NCLT) was hearing the plea for initiating insolvency against Orris Infrastructure over an alleged default of Rs 3.60 lakh.
The NCLT bench observed that the purchaser of the Office space/Retail Unit has already received full and final payment from Orris Infrastructure in lieu of the assured returns towards the allotted unit, as per the agreement.
The amount has been paid in excess of the default amount and counsel for the applicant has also acknowledged the receipt of the demand draft from the realty firm, which was developing a commercial building complex, known as Floreal Tower, at Sector 83, Gurgaon (Haryana), said insolvency tribunal.
"We are of the view that in the present case, the applicants are already having demands drafts of the amount exceeding

insolvency

The dollar index eased from a six-month peak against its rivals, making gold less expensive for other currency holders

gold, precious metal, gold ingot, gold brick

The devastating storm that dumped torrential rains along the Libyan coast this month was up to 50 times more likely to occur and 50% more intense because of human-caused climate change, according to an analysis released on Tuesday.
Before crossing the Mediterranean, the storm raged for four days and caused extensive damage in central Greece and parts of Bulgaria and Turkey, a region where such extreme storms are up to 10 times more likely and up to 40% more intense because of climate change, scientists said.
Heavy one-day rains from Mediterranean storm Daniel caused massive flooding across eastern Libya that overwhelmed two dams, sending a wall of water through the coastal city of Derna that destroyed entire neighborhoods and swept bridges, cars and people out to sea. The death toll has varied, with government officials and aid agencies giving tallies ranging from about 4,000 to 11,000 dead.
The analysis was conducted by the World Weather Attribution group, which aims to quickly ...

climate change

In a regulatory filing, Signature Global informed that under Anchor Investors (AIs) portion in the public issue, 82,72,700 equity shares have been subscribed at Rs 385 per equity share

Crude imports fell 3.9% month-on-month to 18.73 million metric tons in August, Petroleum Planning and Analysis Cell (PPAC) data showed

Russian Oil, crude oil, oil, oil prices

Overseas institutions are also a better bet for Adani. Tapping Indian banks, especially state-run lenders, would be a tad cheaper, but might invite greater political scrutiny ahead of general election

Adani, Adani Group

India's ambitions for green hydrogen are riding the coat-tails of Chinese equipment, with Beijing's global stranglehold on the green hydrogen business now extending to New Delhi

green energy targets in mind, but is India technology-ready?

green energy

While posing a complex challenge, slums also offer a unique opportunity for morally and economically imperative urban development

Dharavi

As part of the partnership, Infosys will have access to NVIDIA's full-stack gen AI program and will set up a NVIDIA Centre of Excellence

NVIDIA Founder & CEO, Jensen Huang with Infosys Co-founder & Chairman, Nandan Nilekani (Photo: Infosys)

NVIDIA Founder & CEO, Jensen Huang with Infosys Co-founder & Chairman, Nandan Nilekani

The board of the private sector lender is scheduled to meet on Friday, September 22, 2023 to consider the raising of funds by issue of equity shares / any other equity linked securities.

Karnataka Bank

In a meeting with officials of the DHI, the company has said the period for which the government is demanding a refund of subsidies of Rs 130 crore does not apply to it

Hero Electric to raise capacity at Ludhiana plant to 500k units in 6 months

Hero Electric

Latest model can log 40-50% higher sales in India than iPhone 14, say retailers

Apple Store Saket

Can detective stories be a clever gateway to learning complex subjects? Two American professor show the way

spy, espionage, detective, mystery,

Prime Minister Narendra Modi on Friday said the G20 Summit's success has given the nation the confidence to organise such global events and urged those involved in the planning and execution of the summit to document their experiences.
The G20 Summit, under India's presidency, was held here from September 9 to 10.
Addressing those involved in organising of the summit at the event's venue, Bharat Mandapam, Modi also credited ground-level functionaries for the success.
Drawing parallels between the organising of the G20 Summit and the Commonwealth Games, he said the sporting event in the national capital in 2010 got mired into things that brought disrepute to the country and infused a sense of despondency in the governing system.
"On the other hand, the cumulative effect of the G20 Summit has been that of success in showcasing the strength of the country to the world. I am not concerned with the praise in editorials. For me, the real happiness lies in the fact that my country is now 

PM Modi addresses media on the first day of the special session of Parliament, in New Delhi, Monday, Sept. 18, 2023. (PTI Photo/Manvender Vashist Lav)

The India-Canada row highlights our double-edged soft power

Khalistan posters target Indian diplomats in Canada

Heatmap

Inheritance tax

As wealth inequality grows, is it time for an Indian inheritance tax?

Inheritance rights of adopted children vary on the basis of religion

A new UK monarch: After Elizabeth II, what to expect from King Charles III

Daughters entitled to inherit fathers' properties, get preference: SC

German millionaires rush assets to Switzerland fearing a Left turn

Samsung's Lee family to pay more than $10.8 billion inheritance tax

The pros and cons if inheritance tax makes a comeback in Budget 2019