India News

Constitution Bench sends Ayodhya dispute for mediation

A five-judge Bench led by Chief Justice of India Ranjan Gogoi sent the Ayodhya dispute for mediation in a bid to heal minds and hearts "if possible".

The Supreme Court on Friday appointed a panel of mediators, including former apex court judge, Justice F.M.I. Kalifulla, as Chairman, spiritual leader Sri Sri Ravi Shankar and senior advocate Sriram Panchu, a veteran lawyer with years of experience in alternative dispute resolution.

Arvind Fashions hits 5% upper circuit; stock lists at Rs 592

Shares of Arvind Fashions locked in upper circuit of 5 per cent at Rs 621 apiece on the BSE on Friday. The stock of Lalbhai Group’s company opened at Rs 592 on first day of its listing.

The stock listed and admitted to dealings on the Exchange in the list of 'T' group securities. The T group represents scrips which are settled on a trade-to-trade basis as a surveillance measure.

All women crew to fly 12 international, 40 domestic Air India flights today

National carrier Air India will be flying 12 international flights as well as 40-plus domestic flights with an all-women crew on Friday, Women's Day.

Air India will be deploying its B787 Dreamliners and B777s aircraft to operate to 12 international medium and long-haul flights solely operated exclusively by women pilots and attended by women cabin crew.

Relief for industry as govt clears air on levy of GST on promotional offers

In a major relief to manufacturers, distributors, marketers and direct sellers of consumer products, the government on Thursday clarified the extent of tax liability and the eligibility of input tax credit on promotional offers such as free samples and buy one, get one free.

Industry players were apprehensive about increased litigation from tax audit authorities if they marketed their products as free, because of ambiguity on such offers.

Rupee slips 17 paise against US dollar in early trade

The rupee opened 17 paise lower at 70.17 against the US dollar on Friday amid weak global cues after the European Central Bank (ECB) slashed its growth forecasts and launched an emergency round of policy stimulus.

The domestic unit ended 28 paise higher at 70 on Thursday amid robust foreign inflows and strong buying in domestic equities. It was the third straight session of gain for the domestic currency, during which it has strengthened by 92 paise.

L&T Finance closes NCS issue on second day, raises Rs 2,228 cr

L&T Finance Holdings on Thursday announced early closure of its bond issue following a 4.5 times oversubscription, raising a little over Rs 2,228 crore.

The issue was opened on March 6 and was scheduled to close on March 20. The base size of the issue was Rs 500 crore, with an option to retain over-subscription up to Rs 1,000 crore.

Infosys founder Narayana Murthy says Indian entrepreneurs must become proactive problem solvers

Indian entrepreneurs have to move away from being reactive problem solvers to proactive problem solvers as there are so many problems around, Infosys founder N R Narayana Murthy said. The renowned IT industrialist also highlighted areas of opportunities in sectors such as healthcare for entrepreneurs to build unique solutions.