Cecily Watkins

 Anil Ambani and 24 others, including former Reliance Home Finance senior executives, have been participating in the securities market for five years. (Photo: Bloomberg) Reliance Dhirubhai Ambani Group (ADAG) stocks witnessed heavy beating after the Indian capital market regulator, the Securities and Exchange Board of India (SEBI), imposed a five-year ban on Anil Ambani and 24 others, including some Reliance Home Finance officials. Reliance Home Finance shares that had touched the 5 per cent upper circuit during early morning deals hit a 5% lower circuit immediately after the SEBI's order. Reliance Infrastructure share price witnessed heavy beating as the stock fell around 12 per cent after the fresh order by SEBI. Reliance Power share price was down by around 5 per cent against its previous close of ₹36.30 apiece on the NSE. ADAG stock performance after SEBI's order Reliance Home Finance shares today opened upside at ₹4.92 apiece on the NSE and touched the 5 per cent upper cir...

 Coming down heavily on Reliance Home Finance Ltd (RHFL), Anil D Ambani, the chairperson of Anil Dhirubhai Ambani (ADA) group, several key managerial personnel (KMPs) and ADA group companies, market regulator Securities and Exchange Board of India (SEBI) has slapped a penalty of Rs624.06 crore on 27 entities. While barring 24 entities, including Mr Ambani, from the securities market for five years, SEBI also restrained the ADA group chief and KMPs of RHFL from being appointed as directors or associated with any listed company. RHFL was found extending general-purpose corporate loans (GPCL) to group entities with weak financials and to potentially indirectly linked entities (PILE). A forensic audit by Grant Thornton (GT) found that during the review period, Rs14,577.68 crore was disbursed as GPCL, out of which about 88.76% of loans were disbursed to PILE, amounting to Rs12,487.56 crore. As of 31 October 2019, the loans disbursed to PILE were around Rs7,984.39 crore—out of which loan...

 The India Today Mood of the Nation survey of August 2024 has revealed home minister Amit Shah leads the race to succeed PM Narendra Modi as BJP's prime ministerial candidate. Shah leads with 25% of the respondents favouring him, while Shivraj Singh Chouhan has gained popularity as a potential successor. The August 2024 MOTN revealed Home Minister Amit Shah might be the best suited to be BJP's PM candidate after PM Modi. (PTI Photo) The August 2024 Mood of the Nation survey found that people believed that Home Minister Amit Shah is the best-suited to be BJP's prime ministerial candidate after PM Modi. (PTI Photo) "After Modi, who?"— the question has naturally long kept BJP supporters on the edge. Having led the nation for more than 10 years and approaching his 75th birthday before the end of his third term, it is only natural that people have been thinking about the BJP's options for a prime ministerial candidate after Narendra Modi. The August 2024 edition of...

 The Supreme Court hearing on the Kolkata doctor rape-murder case on Thursday took a tense turn when Solicitor General Tushar sternly remarked: "Somebody has lost their life. Don't at least laugh." Mehta, who was representing the Central Bureau of Investigation (CBI) in the case, presented details during the proceedings highlighting the timeline of when the police were notified and the apparent negligence in handling the case. As Kapil Sibal, who was representing the West Bengal government in this case, interjected, Mehta gave a strong reaction with the 'don't laugh' remark. Sharing the video clip from Supreme Court hearing, BJP's Amit Malviya wrote on X: "Complete insensitivity on display. Like Mamata Banerjee, the legal team representing WB Govt, led by former Congressman Kapil Sibal, showed no remorse, whatsoever, for having killed the young doctor twice … Solicitor General Tushar Mehta had to remind Kapil Sibal ‘not to laugh’." Supreme Court ...

 Prime Minister Narendra Modi is all set to hold discussions with Ukrainian President Volodymyr Zelenskyy in Kyiv on Friday. This will mark the first visit by an Indian prime minister to Ukraine since the country gained independence from the Soviet Union in 1991. The timing of Modi’s visit is significant given the current turbulent state of the war in Ukraine. Why is PM Modi’s visit to Kyiv significant? PM Modi‘s visit to Ukraine comes on the heels of his trip to Moscow in July and is seen as a key move for Kyiv, which is actively working to build diplomatic ties with nations in the Golbal South as part of its strategy to achieve a just resolution to the conflict. It is important to note that Modi’s trip to Moscow had coincided with a severe Russian missile strike on Ukraine that had struck a children’s hospital. This attack led Modi to deliver a pointed but indirect criticism of Putin during their summit. However, the visit drew sharp condemnation from President Zelenskyy, who lab...

 CBI officials escort R.G. Kar Medical College and Hospital former principal Sandip Ghosh to the CBI Special Crime Branch office at CGO complex, Salt Lake in Kolkata on August 22, 2024. (ANI Photo) CBI officials escort R.G. Kar Medical College and Hospital former principal Sandip Ghosh to the CBI Special Crime Branch office at CGO complex, Salt Lake in Kolkata on August 22, 2024. (ANI Photo) | Photo Credit: ANI A special court in Kolkata on Thursday allowed the CBI to conduct a polygraph test on former R.G. Kar Medical College principal Sandip Ghosh and four other doctors in connection with the alleged rape and murder of a postgraduate trainee at the hospital, officials said. The CBI took Ghosh and four other doctors, who were on duty on the date of the incident on August 9, to a special court for seeking its permission to conduct the lie detection test on them, they said. The lie detection test can only be conducted after a permission from the court and the consent of the suspect,...