Saturday, September 05
The Supreme Court on Monday sought responses from the Centre and others on a plea which challenged the validity of a provision of the Income Tax Act that allows political parties to receive "anonymous" cash donations below Rs 2,000.The plea said this lack of transparency undermines the purity of the election process as it deprives voters of the crucial knowledge about the source of political funding, including the donors and their motives, preventing them from making a rational, intelligent and fully informed decision while casting their vote.The apex court issued notices to the Centre, Election Commission and others seeking their responses on the petition, which has also sought a direction to the poll panel to prescribe as a condition for registration of a political party and allotment of
After a forgettable 2024, Reliance Industries, India’s largest company by market capitalisation, is now delivering its strongest bull run since the Covid year of 2020. The blue-chip Nifty stock has already surged over 26% in 2025, adding a staggering Rs 4.4 lakh crore to its market value, which now hovers near the Rs 21-lakh crore mark. The stock hit a fresh 52-week high of Rs 1,557.95 on the BSE on Friday, signalling that the Mukesh Ambani-led conglomerate is back with force.What’s driving this sharp rally? A perfect storm of catalysts across Reliance’s sprawling businesses — from surging refining margins and telecom tariff hikes to strong retail momentum and upcoming value-unlocking triggers.Jio IPOJefferies has raised its target enterprise value for Reliance Jio to a whopping $1
India's marine sector exports rose by 16.18 per cent to $4.87 billion during April-October this fiscal mainly on account of healthy growth in non-US markets, including China, Vietnam, Russia, Canada and the UK, according to the commerce ministry data. The exports to the US have been impacted because of 50 per cent tariffs on Indian marine products. An official said that a noteworthy shift in trade patterns in the sector has been witnessed during the period. The United States, traditionally India's largest shrimp market, registered a 7.43 per cent decline in exports to USD 85.47 million. "However, this shortfall was more than compensated by a spectacular rise in shipments to China, Vietnam, Belgium, Japan, Russia, Canada and the UK," the official said. These gains reflect both a diversifica
