Kumar Mangalam Birla

Birla said, last ten years had been a period of epochal change for India and the leaders of industry have had a chance to participate in that change and shape the future of the country

Padma awardees

This year, President Murmu has approved 106 Padma Awards, seven of which go to posthumous recipients

Birla said the new round of expansion by UltraTech will take its capacity to 159.25 mtpa, reinforcing its position as the third-largest cement company in the world, outside of China

Birla Group Chief Financial Officer Sushil Agarwal has been named additional director on the Vi board

chart

Analysts say that VIL losses could potentially swamp the group finances making Birla wary of making additional investments in the company

Hindalco Chairman K M Birla says imports of aluminium and copper continue to hurt the domestic industry | Photo: Kamlesh Pednekar

Birla indicated that his group will not invest any money in the company in the absence of relief from the government

File photo of Basant Kumar Birla. Photo: Wikimedia Commons

Birla was the chairman of Century Textiles and Industries, and had been active in business since the age of 15

The chairman of the Aditya Birla group, however, sounded very optimistic about the economic growth prospects in the country

RBI imposes penalty on SBI, Indian Bank, Punjab & Sind Bank

Das asserted that directors in UCBs, who are elected to their positions, must possess expertise in diverse banking functions, including risk management and information technology

Shaktikanta Das

In Feb 2018, the MoD established two defence industrial corridors to serve as engines of economic development and growth of defence industrial base in the country

An exhibit of Su 30 MK-I fighter aircraft at the Bharat Dynamics Limited (BDL) pavillion during the 12th edition of DefExpo, in Gandhinagar on Tuesday

Defence Expo 2022

Weak demand, global slowdown add to their woes

Crude oil

International credit agency Moody's Investors Service has made sweeping assertions against Aadhaar without citing any evidence, the Unique Identification Authority of India (UIDAI) said on Monday.
The UIDAI issued a strong rebuttal to Moody's Investors Service which claimed that the Aadhaar system often results in service denials and the reliability of biometric technologies, especially for manual labourers, in hot and humid climates is questionable.
"A certain investor service has, without citing any evidence or basis, made sweeping assertions against Aadhaar, the most trusted digital ID in the world. Over the last decade, over a billion Indians have expressed their trust in Aadhaar by using it to authenticate themselves over 100 billion times," the UIDAI said in a statement.
The unique id Aadhaar's custodian said that the report in question does not cite either primary or secondary data or research in support of the opinions presented in it.
"The investor service did not make any

Adhaar, UIDAI

The income tax department on Saturday asked taxpayers to respond to intimation from the I-T department regarding outstanding demands of previous years to facilitate faster clearance of refunds for 2022-23 fiscal.
With some taxpayers taking to social media about receiving intimation from the I-T department regarding past unsettled tax demands, the department in a post on 'X' said, this is a taxpayer-friendly measure where an opportunity is being provided to assessees in line with "principles of natural justice".
As many as 7.09 crore returns have been filed for income earned in 2022-23 fiscal. Of these, 6.96 crore ITRs have been verified, of which 6.46 crore returns have been processed as on date, including 2.75 crore refund returns.
"However, there are a few cases in which refunds are due to the taxpayer, but previous demands are outstanding, the department said," the I-T department said.
The Section 245(1) of Income-tax Act, 1961, mandates providing an opportunity to taxpayers to 

ITR, Tax, income tax, income tax returns

TRAI has mooted 'concurrent PLI scheme' focussing on components and sub-assembly manufacturing to facilitate collaborated production activities, as it released an extensive set of recommendations to promote manufacturing of networking and telecom gear in India through tax benefit, dedicated master fund and other sweeteners.
With a sharp gaze on goals of scaling domestic production and local value addition in global value chains, TRAI in its recommendations favoured additional two per cent benefit under the design-led PLI scheme for product lines meeting a certain criteria, while also talking of a dedicated 'Networking and Telecommunications Equipment Development' fund.
In order to spur innovation and encourage industry's drive towards beneficially owned resident Intellectual Property Rights (IPRs), lower corporate income tax has also been recommended. This would apply if the enterprise is continuously engaged in R&D driven manufacturing and attains half of its turnover based on ...

telecom

Prime Minister Narendra Modi on Saturday attended an all-women public meeting in his parliamentary constituency Varanasi, where the women showered flower petals on him for the Parliament's nod to the women's reservation bill.
The event was organised at the ground of Sampurnanand Sanskrit Vishwavidyalaya. Uttar Pradesh Chief Minister Yogi Adityanath accompanied Modi at the function.
The prime minister reached the venue after laying the foundation stone of an international cricket stadium in Varanasi.
Modi is currently representing Varanasi in the Lok Sabha for a second consecutive term.
The 128th Constitution amendment bill, referred to as the Nari Shakti Vandan Adhiniyam, to reserve one-third of the seats in the Lok Sabha and state assemblies for women received the Parliament's nod on Thursday.

Prime Minister Narendra Modi, PM Modi

Heavy rainfall lashed several parts of Nagpur for the last two days. The weather agency has already announced an alert for rainfall for Saturday as well

Commuters walk on waterlogged railway tracks following heavy rains, at Kurla in Mumbai (Photo: PTI)

Mumbai rains, waterlogging

Speaking at a CII event, Larry Summers highlighted that the issues India faces are less related to the scale of the govt and more about its effectiveness

Larry Summers

The Nijjar murder is fast unfolding into treacherous scenarios that could have tragic consequences for both nations. No one stands to gain from the ongoing face-off

India Canada

India's rage is misplaced and hardly serves to endear the country to those appalled by the idea that it may have had a Canadian citizen killed

The leaders of both countries should encourage bilateral trade and people-to-people exchanges that can help build bridges

Canada has updated travel advisory for its citizens in India asking them to "stay vigilant and exercise caution" in the context of recent developments as there are calls for protests and some "negative sentiment" towards Canada on social media.
Tensions flared between India and Canada following Canadian Prime Minister Justin Trudeau's explosive allegations of a "potential" involvement of Indian agents in the killing of Khalistani extremist Hardeep Singh Nijjar, 45, on his country's soil on June 18 in British Columbia. India had designated Nijjar as a terrorist in 2020.
India angrily rejected the allegations as "absurd" and "motivated" and expelled a senior Canadian diplomat in a tit-for-tat move to Ottawa's expulsion of an Indian official over the case.
"In the context of recent developments in Canada and in India, there are calls for protests and some negative sentiment towards Canada on social media. Please remain vigilant and exercise caution," the Canadian government said in an

The CMF Buds Pro and Watch Pro will be availability starting September 30, with limited drops at Delhi store at special launch prices that includes up to Rs 500 off

CMF by Nothing, CMF Watch Pro, CMF Buds Pro, CMF Power 65w GaN, Nothing smartwatch, nothing earbuds, nothing charger

The most awaited movie Animal's teaser is expected to be released on September 28. The movie features Ranbir Kapoor, Anil Kapoor, Bobby Deol and Rashmika Mandhana. It will hit theatres on Dec 1, 2023

Animal teaser

On Tuesday, Bengaluru bandh was declared to protest against the Cauvery water release to Tamil Nadu through Karnataka. Bandh will create disruption in normal life in the capital city

cauvery row

Air India and Singapore Airlines will ensure minimum capacity on various domestic and international routes, including Delhi-Sydney and Delhi-Paris, as part of commitments made to fair trade regulator CCI to address possible competition concerns arising out of the Vistara merger.
Competition Commission of India (CCI), on September 1, approved the proposed merger of Vistara with Air India under a deal wherein Singapore Airlines will also acquire a 25.1 per cent stake in Air India.
Certain competition concerns due to the proposed merger were raised by the watchdog and to address them, the airlines have given certain commitments with respect to the merger.
As per the commitments, Air India has voluntarily offered to maintain "minimum capacity/ supply level" on certain overlapping O&D (Origin & Destination) domestic and overseas routes.
They are Bhubaneshwar-Delhi, Bengaluru-Guwahati, Cochin-Delhi, Delhi-Thiruvananthapuram, Amritsar-Delhi, Bhubaneshwar-Mumbai and Bengaluru-Delhi in

For comparison, the privatisation of Air India will result in an HHI score for the Indian aviation industry increasing by nearly 730 points from 2,775 to 3,503.

Aviation Sector, Aviation Industry

A day after the BJP announced its second list of candidates for the Madhya Pradesh assembly polls, the Congress on Tuesday said no matter who it fields, the people of the state have decided to oust those who had formed the government through the back door.
The opposition party said that with the announcement of the list, it seems results have been declared even before the polls.
The BJP on Monday released its second list of 39 candidates for the Madhya Pradesh assembly polls. It fielded Union ministers Narendra Singh Tomar, Prahlad Singh Patel and Phaggan Singh Kulaste and four other party MPs for the elections.
Besides the ministers, the MPs fielded are Rakesh Singh, Ganesh Singh, Riti Pathak and Uday Pratap Singh -- all from Lok Sabha.
Addressing a press conference at the AICC headquarters, Congress' media and publicity department head Pawan Khera also slammed Prime Minister Narendra Modi over his remarks in rallies in Madhya Pradesh and Rajasthan on Monday.
He said the Congress

KM Birla

Kumar Mangalam Birla received AIMA's 'Business Leader of the Decade' award

Sudha Murty, Mulayam Singh, Zakir Hussain win Padma Awards: Full list here

India's cement sector to add 80-100 mt capacity by FY25: K M Birla

Kumar Mangalam Birla steps down from Vodafone Idea board after stake offer

Birla tells govt he is willing to give up promoter stake in Vodafone Idea

Vodafone Idea will shut shop if govt doesn't provide relief: KM Birla

B K Birla, patriarch of cotton to chemicals conglomerate, dies at 98

Huge debt in corporate balance sheets reason for stunted job growth: Birla