MUMBAI: Mutual fund companies are wooing retail investors who seek to avail of long-term tax benefits in debt funds in the last few days of the fiscal ending March 31. Last week, the government withdrew indexation benefits for investors in mutual fund schemes that hold less than 35% domestic equity in their portfolio. The new norms will apply from April 1, 2023.According to industry players, the demand...

NEW DELHI: With the Supreme Court agreeing to hear on Wednesday a Kerala man's petition seeking contempt action against Maharashtra for failing to rein in hate speeches by Hindu organisations despite SC orders, solicitor general Tushar Mehta asked why is the petitioner seeking to target one community."Why petitioner Shaheen Abdullah from Kerala is blind to hate speeches close to his home? Why is he...

MUMBAI: Holding that the special CBI trial court Judge passed a wrong order in January 2018 in a 2009 custodial torture and death case, the Bombay high court setting it aside directed framing of a murder charge against three accused police officials.The forensic report had said Shaikh had died due to contusions on head, noted Justice P D Naik and said the trial court order in not framing the murder...

NEW DELHI: The government on Tuesday cancelled the licences of 18 pharmaceutical companies for manufacturing of spurious medicines following an inspection by the Drugs Controller General of India (DCGI) on 76 companies across 20 states."Huge crackdown under way on pharma companies across the country related to manufacturing of spurious medicines," news agency ANI reported quoting sources."Action on 70...

CHENNAI: Traffic was affected on the arterial Anna Salai and the Rukmani Lakshmipathy Salai in Egmore as the various employee unions of the Tamil Nadu Electricity Generation and Distribution Corporation (Tangedco) took out a rally to draw the chief minister's attention to their various long-pending demands, including wage revision and filling of vacancies.The rally was held as announced earlier, even as...

NEW DELHI: A 25-year-old man attempted suicide by live-streaming it on Facebook, but was rescued by prompt intervention from the police in the Nand Nagri area of northeast Delhi. The incident was reported to the police at 9.06pm on Monday, and a team arrived at the victim's residence at 9.09pm.The Intelligence Fusion and Strategic Operation (IFSO) unit of the Delhi Police informed the SHO of the Nand...

MUMBAI: The Mumbai unit of BJP has sought a probe by a special investigation team (SIT) into the alleged financial misappropriations in BMC brought to the fore by CAG in its recent findings."The report submitted by the Comptroller and Auditor General of India (CAG) into the works executed by Brihanmumbai Municipal Corporation has revealed many shocking facts and exposed corruption to the tune of Rs...

As per experts, the new COVID variant XBB.1.16 is a cause of concern for the sudden surge in the number of cases.Vipin M Vashishtha, former convenor of Indian Academy of Pediatrics and consultant pediatrician at the Mangla Hospital and Research Centre, Bijnor, tweeted, “XBB.1.16 has a 140% growth advantage over XBB.1.5,” adding, “It is far more aggressive than XBB.1.5. And probably faster than...

NEW DELHI: Prime Minister Narendra Modi on Tuesday lashed out at the opposition parties who have been targeting the government in Parliament and accused them of joining hands to launch a "save-the-corrupt" movement.Addressing a gathering of party workers after inaugurating the newly-constructed residential complex and auditorium at the BJP office in New Delhi, PM Modi backed the action taken by...

THANE: A 34-year-old woman in Maharashtra's Thane district was defrauded of Rs 5.6 lakh by a social media friend who claimed to have sent her a gift from abroad, police said on Tuesday. According to a police officer, a woman residing in the Dombivali area was a victim of cyber fraud last month. The woman became aware of the deception and subsequently reported the incident to the police.From February 5...