Kovind panel sets stage for simultaneous polls, cites growth gains

On average, real GDP growth after simultaneous polls was comparatively higher than otherwise, the panel led by former President Ram Nath Kovind said. The committee submitted its report to President Droupadi Murmu on Thursday, recommending Constitutional amendments to facilitate concurrent polls. Home minister Amit Shah, former leader of the Opposition in Rajya Sabha Ghulam Nabi … Read more

ED attaches ₹376-crore assets in Bhushan Steel case

The Enforcement Directorate (ED) has attached assets worth ₹367 crore in the money laundering case involving Bhushan Steel Limited and others. The immovable properties are located in Delhi, Mumbai, Kolkata, and Odisha. On Friday, the agency said the attached properties were held in the name of “benamidars” and shell entities through dummy directors. It is … Read more

Netanyahu approach to Gaza war ‘hurting Israel more than helping’: Joe Biden

Joe Biden said Benjamin Netanyahu’s approach to the war in Gaza was “hurting Israel more than helping Israel” in an interview aired Saturday, as the US leader’s impatience with his Israeli counterpart grows increasingly visible. With Gaza’s humanitarian crisis growing more dire and Biden’s left flank in uproar, the US president made contradictory remarks as … Read more

China central bank buying set stage for gold’s rally

Last week’s gold rush may have been triggered by bets on the US Federal Reserve‘s long-anticipated pivot to looser monetary policy, but the foundations for the record rally were laid in China. Prices breached Dec’s record on Tuesday and have jumped to successive daily highs ever since. The rally itself was peculiar: gold tends to … Read more

Paramount in Talks to Sell India TV Stake to Ambani’s Reliance

Paramount Global is in discussions to sell its stake in its media joint venture in India to Mukesh Ambani’s Reliance Industries Ltd., according to people familiar with the matter, as Asia’s richest man continues to consolidate his clout in one of the world’s fastest-growing entertainment markets. The New York-based media company has been in advanced … Read more

Car wholesales set to hit 42 lakh in a fiscal year

Car wholesales remained strong in February as the industry races to a record 42-lakh-plus mark for first time in a financial year in 2023-24. All top players, including Maruti Suzuki, Tata Motors and Mahindra & Mahindra, despatched healthy numbers to retail outlets as industry inventory remains at moderate level of around a month of sales. … Read more

Byju’s unable to pay salaries as funds locked: Founder Raveendran

Byju Raveendran, founder and CEO at troubled edtech startup Byju’s hit out at a group of investors, stating that their move to disable the company from using the funds raised through the rights issue has hindered disbursement of salaries to employees. “….I regret to inform you that we will still be unable to process your … Read more