The Indian Express
The Indian Express is an English-language Indian daily newspaper. It is published in Mumbai by Indian Express Group. In 1999, eight years after the group's founder Ramnath Goenka's death in 1991, the group was split between the family members; the southern editions took the name The New Indian Express, while the northern editions, based in Mumbai, retained the original Indian Express name, with "The" prefixed to the title. The Indian Express is published at ten locations—Delhi, Mumbai, Pune, Vadodara, Chandigarh and Ahmedabad, Tirupati In 1932, the Indian Express was started by an Ayurvedic doctor, P. Varadarajulu Naidu, at Chennai, being published by his "Tamil Nadu" press. Soon under financial difficulties, he sold the newspaper to Swaminathan Sadanand, the founder of The Free Press Journal, a national news agency. In 1933 The Indian Express opened its second office in Madurai, launching the Tamil edition, Dinamani. Sadanand reduced the price of the newspaper. Faced with financial difficulties, he sold a part of his stake to Ramanath Goenka as convertible debentures.
In 1935, when The Free Press Journal collapsed, after a protracted court battle with Goenka, Sadanand lost ownership of Indian Express. Goenka bought the remaining 26% of the company held by Sadanand; the newspaper came under Goenka's sole control, taking the anti-establishment tone of the paper to greater heights. At that time, it faced stiff competition from the well established The Hindu and the Mail, as well as several other prominent newspapers. In the late 1930s the newspaper's circulation was no more than 2000. In 1939 Goenka bought another prominent Telugu daily newspaper; the name Three Musketeers was used for the three dailies. In 1940 the whole premises was gutted by fire; the Hindu, a rival newspaper, helped in re-launching the paper, by getting it printed temporarily at one of its Swadesimithran's press and offering its vacated premises at 2, Mount Road, which became the landmark Express Estates. This relocation helped the Express obtain better high speed printing machines; some claimed.
In years Goenka started the Mumbai edition with the landmark Express Towers as his office when he bought the Morning Standard in 1944. Two years it became the Mumbai edition of The Indian Express. Editions were started in several cities; the Financial Express was launched in 1961 at Mumbai, Kannada Prabha at Bangalore in 1965 and a Bangalore edition of the Telugu Daily Andhra Prabha, Gujarati dailies Lok Satta and Jansatta, from Ahmedabad and Vadodara in 1952. The Delhi edition started was when the Tej group's Indian News Chronicle was acquired in 1951, which in 1953 became the Delhi edition of Indian Express. In 1990 the group bought the Sterling group of magazines, along with it the Gentleman magazine. After Ramanath Goenka's death in 1991, two of the family members split the group into Indian Express Mumbai with all the North Indian editions, while the Southern editions were grouped as Express Madurai Ltd. with Chennai as headquarters. The Indian Express began publishing daily on the World Wide Web on 8 July 1996.
Five months the website expressindia.com attracted "700,000 hits every day, excepting weekends when it to 60% of its normal levels". The Indian Express Group has a Mumbai-headquartered division, which should not be confused with Express Publications Madurai, which has a South Indian chain of newspapers, including The New Indian Express a separate corporate entity from The Express Group; the Indian Express's main newsroom is in Noida. Mumbai is a bureau. A national desk brings out all editions in Delhi; the management, still sits in Mumbai. The Indian Express website
Ravish Kumar is an Indian TV anchor, writer and media personality who covers topics pertaining to Indian politics and society. He is a senior executive editor at NDTV India, the Hindi news channel of the NDTV news network, hosts a number of programs including the channel's flagship weekday show Prime Time, Hum Log and Ravish Ki Report, he is the author of the book "The Free Voice - On Democracy and The Nation". Ravish Kumar was born in Motihari, Bihar on 5 December 1974, he did his schooling from Loyola High School. He moved to Delhi for higher studies, he graduated from Deshbandhu College University of Delhi and received a post-graduate diploma in Journalism from the Indian Institute of Mass Communication. He received the prestigious Ganesh Shankar Vidyarthi Award for Hindi Journalism and Creative Literature for 2010 from the President of India, he was honoured with the Ramnath Goenka Excellence in Journalism Award for the Journalist of the Year in 2013 and 2017 for the broadcast category in Hindi language.
He was included in the list of 100 most influential Indians 2016 by The Indian Express. He was named the best journalist of the year in 2016 by Mumbai Press Club. In March 2017, Kumar was honoured with the first Kuldip Nayar journalism award for his contribution to the field of journalism.. He got another award for journalism. Ravish Kumar is married to Nayana Dasgupta. Ishq Mein Shahar Hona Dekhate Rahiye Ravishpanti The Free Voice: On Democracy and the Nation Ravish Kumar on Twitter Ravish Kumar on Facebook Qasba, a blog by Ravish Kumar Interview on Newslaundry Ravish at Shabdankan Ravish Kumar's latest interview with Kunal Kamra
ICICI Bank Limited is an Indian multinational banking and financial services company headquartered in Mumbai, Maharashtra with its registered office in Vadodara, Gujarat. As of 2018, ICICI Bank is the second largest bank in India in terms of assets and market capitalisation, it offers a wide range of banking products and financial services for corporate and retail customers through a variety of delivery channels and specialised subsidiaries in the areas of investment banking, non-life insurance, venture capital and asset management. The bank has a network of 4867 branches and 14367 ATMs across India and has a presence in 17 countries including India. ICICI Bank is one of the Big Four banks of India; the bank has subsidiaries in Canada. The company's UK subsidiary has established branches in Belgium and Germany. ICICI Bank was established by the Industrial Credit and Investment Corporation of India, an Indian financial institution, as a wholly owned subsidiary in 1994; the parent company was formed in 1955 as a joint-venture of the World Bank, India's public-sector banks and public-sector insurance companies to provide project financing to Indian industry.
The bank was founded as the Industrial Credit and Investment Corporation of India Bank, before it changed its name to the abbreviated ICICI Bank. The parent company was merged with the bank. ICICI Bank launched internet banking operations in 1998. ICICI's shareholding in ICICI Bank was reduced to 46 percent, through a public offering of shares in India in 1998, followed by an equity offering in the form of American Depositary Receipts on the NYSE in 2000. ICICI Bank acquired the Bank of Madura Limited in an all-stock deal in 2001 and sold additional stakes to institutional investors during 2001-02. In the 1990s, ICICI transformed its business from a development financial institution offering only project finance to a diversified financial services group, offering a wide variety of products and services, both directly and through a number of subsidiaries and affiliates like ICICI Bank. In 1999, ICICI become the first Indian company and the first bank or financial institution from non-Japan Asia to be listed on the NYSE.
In October 2001, the Boards of Directors of ICICI and ICICI Bank approved the merger of ICICI and two of its wholly owned retail finance subsidiaries, ICICI Personal Financial Services Limited and ICICI Capital Services Limited, with ICICI Bank. The merger was approved by shareholders of ICICI and ICICI Bank in January 2002, by the High Court of Gujarat at Ahmedabad in March 2002 and by the High Court of Judicature at Mumbai and the Reserve Bank of India in April 2002. In 2008, following the 2008 financial crisis, customers rushed to ICICI ATMs and branches in some locations due to rumours of an adverse financial position of ICICI Bank; the Reserve Bank of India issued a clarification on the financial strength of ICICI Bank to dispel the rumours. 1996: ICICI Ltd. A diversified financial institution with headquarters in Mumbai 1997: ITC Classic Finance. Incorporated in 1986, ITC Classic was a non-bank financial firm that engaged in hire and leasing operations. At the time of being acquired, ITC Classic had eight offices, 26 outlets, 700 brokers.
1997: SCICI 1998: Anagram Finance. Anagram had built up a network of some 50 branches in Gujarat and Maharashtra that were engaged in retail financing of cars and trucks, it had some 250,000 depositors. 2001: Bank of Madurai 2002: The Darjeeling and Shimla branches of Grindlays Bank 2005: Investitsionno-Kreditny Bank, a Russian bank 2007: Sangli Bank. Sangli Bank was a private sector unlisted bank, founded in 1916, 30% owned by the Bahte family, its headquarters were in Sangli in Maharashtra, it had 198 branches. It had 158 in Maharashtra and 31 in Karnataka, others in Gujarat, Andhra Pradesh, Tamil Nadu and Delhi, its branches were evenly split between metropolitan areas and rural or semi-urban areas. 2010: The Bank of Rajasthan was acquired by the ICICI Bank in 2010 for ₹ 30 billion. RBI was critical of BOR's promoters not reducing their holdings in the company. BOR has since been merged with ICICI Bank; the bank has contributed to the set-up of a number of Indian institutions to establish financial infrastructure in the country over the years: The National Stock Exchange was promoted by India's leading financial institutions in 1992 on behalf of the Government of India with the objective of establishing a nationwide trading facility for equities, debt instruments and hybrids, by ensuring equal access to investors all over the country through an appropriate communication network.
In 1987, ICICI Ltd along with UTI set up CRISIL as India's first professional credit rating agency. NCDEX was set up in 2003, by ICICI Bank Ltd, LIC, NABARD, NSE, Canara Bank, CRISIL, Goldman Sachs, Indian Farmers Fertiliser Cooperative Limited and Punjab National Bank. ICICI Bank has facilitated setting up of "FINO Cross Link to Case Link Study" in 2006, as a company that would provide technology solutions and services to reach the underserved and underbanked population of the country. Using technologies like smart cards, biometrics and a basket of support services, FINO enables financial institutions to conceptualise and operationalise projects to support sector initiatives in microfinance and livelihoods. Entrepreneurship Development Institute of India, was set up in 1983, by
Andimuthu Raja is an Indian politician from the Dravida Munnetra Kazhagam political party. He was a member of the 15th Lok Sabha representing the Nilgiris constituency of Tamil Nadu and had been elected to house for four times since 1996. Raja is an advocate by profession and he did his masters from Government Law College in Tiruchirappalli, he is an important leader of the DMK party. Raja was born in Velur in Perambalur District in the South Indian state of Tamil Nadu. Raja was first elected to Parliament as a member of Lok Sabha in 1996 from the Perambalur constituency and was reelected from the same constituency in 1999 and 2004 elections and from Nilgris constituency in 2009, he was Minister of State for Rural development from 1996 to 2000, Minister of State and Family Welfare from September 2000 to May 2004 and a cabinet minister for Environment and Forests from May 2004 to May 2007. He became the cabinet minister for Communication and Information Technology from May 2007, following the resignation of Dayanidhi Maran.
Raja was investigated in the 2G Spectrum case, along with two other members of the DMK, Dayanidhi Maran and Kanimozhi. All three were acquitted in 2017. Raja was born to S. K. Andimuthu and Chinnapillai in Andimadam in Perambalur District in the South Indian state of Tamil Nadu, he did his Bachelor of Science from the Government Arts College in Musiri. He completed his graduation in law from the Government Law College in Madurai and his masters from Government Law College Tiruchirapalli, he is married to M. A. Parameswari and the couple have a daughter name Mayuri. Raja started his political career as a student politician, he is from the Dalit community and rose in party ranks of the Dravida Munnetra Kazhagam. 1996: Elected to Lok Sabha for the 1st time 13 October 1996-29 September 2000: Minister of State, Rural Development May 1999: Elected to Lok Sabha for the second time 30 September 2000-21 May 2004: Minister of State and Family Welfare May 2004: Elected to Lok Sabha for the third time from Perambalur 23 May 2004-17 May 2007: Cabinet minister for Environment and Forest 18 May 2007-31 May 2009: Cabinet minister for Communication and Information Technology May 2009: Elected to Lok Sabha for the fourth time from Nilgiris Raja was deputed as the Minister of State, Rural Development on 13 October 1996 and he continued to retain the post till 29 September 2000.
On 30 September 2001, he was deputed as the minister of state for Health and Family welfare during the National Democratic Alliance. In December 2003, the DMK pulled out of the alliance and Raja resigned his minister's post along with his other DMK colleagues, he continued with the same ministry after the 2004 elections, won by the Congress led alliance, which included the DMK. His tenure as an Environment ministry came under intense scrutiny in 2011 during the 2G Spectrum case, his association with key accused in the 2G case, Unitech and DB Realty, was rooted to 2004 when he was the Environment minister. One of the key points out of the CBI is the approval of 2016 clearances given by his ministry in a span of two years from 2006 to 2008, some of which were associated with trading of hazardous waste; the other issue raised was about the large majority of Raja's supporters in the expert appraisals committee, responsible for granting clearances to various sectors. In 2007 May, the newspaper run by Kalanidhi Maran, the elder brother of Dayanidhi Maran, the central minister for IT and Communication, ran into a controversy when it published the results of a series of opinion polls which showed M. K. Stalin, the second son of Karunanidhi, having more approval than his elder brother M. K. Azhagiri as the political heir of Karunanidhi.
It showed others as 20% indicating Dayanidhi Maran and Kanimozhi. The Madurai office of Dinakaran was fire bombed by supporters of Alagiri and three employees were killed The Sun TV office in Madurai was attacked by the perpetrators. A day after the incident, Prime Minister Manmohan Singh and Sonia Gandhi came to Chennai for felicitating Karunanidhi for 50 years in legislative assembly. Daynaidhi Maran, who accompanies Karunanidhi on every function, discarded the event as a mark of protest. On 13 May, the DMK administrative committee empowered Karunanidhi to remove Dayanidhi from the party; this subsequently led to his resignation from the central ministry. Following his resignation, the IT portfolio was allocated to Raja on 16 May 2007. On 17 October 2008, he submitted his post-dated resignation to the DMK party chief, M. Karunanidhi, in protest of the killings of Tamil civilians in Sri Lanka; the 2G spectrum financial scandal involved the alleged corrupt sale in 2008 of telecommunications bandwidth to selected organisations at prices that understated the real market value of the asset.
The sale is claimed to have occurred. It is alleged. A first information report filed by the Central Bureau of Investigation claims that the allocation was not done as per market prices; the Comptroller and Auditor General holds Raja responsible for the sale of 2G spectrum at 2001 rates in 2008. In August 2010, evidence was submitted by the CAG showing that Raja had signed and approved the majority of the questionable allocations. Although the political opposition was demanding his resignation over the 2G spectrum case, Raja refused to resign, stating his innocence, this view was bac
A public company, publicly traded company, publicly held company, publicly listed company, or public limited company is a corporation whose ownership is dispersed among the general public in many shares of stock which are traded on a stock exchange or in over the counter markets. In some jurisdictions, public companies over a certain size must be listed on an exchange. A public company can be unlisted. Public companies are formed within the legal systems of particular nations, therefore have national associations and formal designations which are distinct and separate. For example one of the main public company forms in the United States is called a limited liability company, in France is called a "society of limited responsibility", in Britain a public limited company, in Germany a company with limited liability. While the general idea of a public company may be similar, differences are meaningful, are at the core of international law disputes with regard to industry and trade. In the early modern period, the Dutch developed several financial instruments and helped lay the foundations of modern financial system.
The Dutch East India Company became the first company in history to issue bonds and shares of stock to the general public. In other words, the VOC was the first publicly traded company, because it was the first company to be actually listed on an official stock exchange. While the Italian city-states produced the first transferable government bonds, they did not develop the other ingredient necessary to produce a fledged capital market: corporate shareholders; as Edward Stringham notes, "companies with transferable shares date back to classical Rome, but these were not enduring endeavors and no considerable secondary market existed." The securities of a publicly traded company are owned by many investors while the shares of a held company are owned by few shareholders. A company with many shareholders is not a publicly traded company. In the United States, in some instances, companies with over 500 shareholders may be required to report under the Securities Exchange Act of 1934. Public companies possess some advantages over held businesses.
Publicly traded companies are able to raise funds and capital through the sale of shares of stock. This is the reason publicly traded corporations are important; the profit on stock is gained in form of capital gain to the holders. The financial media and the public are able to access additional information about the business, since the business is legally bound, motivated, to publicly disseminate information regarding the financial status and future of the company to its many shareholders and the government; because many people have a vested interest in the company's success, the company may be more popular or recognizable than a private company. The initial shareholders of the company are able to share risk by selling shares to the public. If one were to hold a 100% share of the company, he or she would have to pay all of the business's debt; this increases asset liquidity and the company does not need to depend on funding from a bank. For example, in 2013 Facebook founder Mark Zuckerberg owned 29.3% of the company's class A shares, which gave him enough voting power to control the business, while allowing Facebook to raise capital from, distribute risk to, the remaining shareholders.
Facebook was a held company prior to its initial public offering in 2012. If some shares are given to managers or other employees, potential conflicts of interest between employees and shareholders will be remitted; as an example, in many tech companies, entry-level software engineers are given stock in the company upon being hired. Therefore, the engineers have a vested interest in the company succeeding financially, are incentivized to work harder and more diligently to ensure that success. Many stock exchanges require that publicly traded companies have their accounts audited by outside auditors, publish the accounts to their shareholders. Besides the cost, this may make useful information available to competitors. Various other annual and quarterly reports are required by law. In the United States, the Sarbanes–Oxley Act imposes additional requirements; the requirement for audited books is not imposed by the exchange known as OTC Pink. The shares may be maliciously held by outside shareholders and the original founders or owners may lose benefits and control.
The principal-agent problem, or the agency problem is a key weakness of public companies. The separation of a company's ownership and control is prevalent in such countries as U. K and U. S. In the United States, the Securities and Exchange Commission requires that firms whose stock is traded publicly report their major shareholders each year; the reports identify all institutional shareholders, all company officials who own shares in their firm, any individual or institution owning more than 5% of the firm's stock. For many years, newly created companies were held but held initial
The Sunday Guardian
The Sunday Guardian is an independent Sunday newspaper, founded by journalist M. J. Akbar, owned by iTV Network, it was launched on 31 January 2010 from New Delhi and is printed in New Delhi and Chandigarh. The 40-page newspaper is divided into two sections of 20 pages each: The Sunday Guardian and Guardian 20. Together, they offer a mix of news, opinion, entertainment and issues of human interest; the newspaper is now a part of iTV Network, which runs the India News and NewsX channels. It was the first to report about the controversy surrounding the allotment of coal blocks in November 2011; the news item "CBI did not probe fodder allegations against Bihar CM" was picked up by other media outlets and created a stir in Patna. This newspaper was the first to report that there existed a note by the National Investigation Agency saying that Lashkar-e-Tayyiba terrorist David Headley had mentioned Ishrat Jahan’s name as an LeT terrorist. A few other discussed news reports include Congress chalks out anyone but Modi strategy, "PMO unconcerned about scientist deaths", "Ragging, harassment a ‘tradition’ at Naval Academy".
The "Comment & Analysis" pages of the newspaper start with M. J. Akbar’s weekly column "Byline"; the pages have columns by senior jurist and Rajya Sabha member Ram Jethmalani, strategic affairs expert M. D. Nalapat, security expert V. Balachandran, veteran journalists Saeed Naqvi and Virendra Kapoor, scholars Monika Chansoria, Debotri Dhar and Raziuddin Aquil. Former Pakistan ambassador to the United States and United Kingdom Maleeha Lodhi is a columnist. Nora Chopra's writes a diary on politicians in the "Covert" section. Cricket expert Dileep Premachandran gives his insight in "Sports Guardian". "Business Guardian" features stock broking tips from financial expert Rajiv Kapoor. M. J. Akbar M. D. Nalapat Official website
The Times of India
The Times of India is an Indian English-language daily newspaper owned by The Times Group It is the third-largest newspaper in India by circulation and largest selling English-language daily in the world according to Audit Bureau of Circulations. It is the oldest English-language newspaper in India still in circulation, albeit under different names since its first edition published in 1838, it is the second-oldest Indian newspaper still in circulation after the Bombay Samachar. Near the beginning of the 20th century, Lord Curzon, the Viceroy of India, called The Times of India "the leading paper in Asia". In 1991, the BBC ranked The Times of India among the world's six best newspapers, it is owned and published by Bennett, Coleman & Co. Ltd., owned by the Sahu Jain family. In the Brand Trust Report 2012, The Times of India was ranked 88th among India's most-trusted brands. In 2017, the newspaper was ranked 355th; the Times of India issued its first edition on 3 November 1838 as The Bombay Times and Journal of Commerce.
The paper published Wednesdays and Saturdays under the direction of Raobahadur Narayan Dinanath Velkar, a Maharashtrian Reformist, contained news from Britain and the world, as well as the Indian Subcontinent. J. E. Brennan was its first editor. In 1850, it began to publish daily editions. In 1860, editor Robert Knight bought the Indian shareholders' interests, merged with rival Bombay Standard, started India's first news agency, it wired Times dispatches to papers across the country and became the Indian agent for Reuters news service. In 1861, he changed the name from the Bombay Times and Standard to The Times of India. Knight fought for a press free of prior restraint or intimidation resisting the attempts by governments, business interests, cultural spokesmen and led the paper to national prominence. In the 19th century, this newspaper company employed more than 800 people and had a sizeable circulation in India and Europe. Subsequently, The Times of India saw its ownership change several times until 1892 when an English journalist named Thomas Jewell Bennett along with Frank Morris Coleman acquired the newspaper through their new joint stock company, Coleman & Co. Ltd.
Sir Stanley Reed edited The Times of India from 1907 until 1924 and received correspondence from the major figures of India such as Mahatma Gandhi. In all he lived in India for fifty years, he was respected in the United Kingdom as an expert on Indian current affairs. He christened Jaipur as "the Pink City of India". Bennett Coleman & Co. Ltd was sold to sugar magnate Ramkrishna Dalmia of the then-famous industrial family, the Dalmiyas, for Rs 20 million in 1946, as India was becoming independent and the British owners were leaving. In 1955 the Vivian Bose Commission of Inquiry found that Ramkrishna Dalmia, in 1947, had engineered the acquisition of the media giant Bennett Coleman & Co. by transferring money from a bank and an insurance company of which he was the Chairman. In the court case that followed, Ramkrishna Dalmia was sentenced to two years in Tihar Jail after having been convicted of embezzlement and fraud, but for most of the jail term he managed to spend in hospital. Upon his release, his son-in-law, Sahu Shanti Prasad Jain, to whom he had entrusted the running of Bennett, Coleman & Co. Ltd. rebuffed his efforts to resume command of the company.
In the early 1960s, Shanti Prasad Jain was imprisoned on charges of selling newsprint on the black market. And based on the Vivian Bose Commission's earlier report which found wrongdoings of the Dalmia – Jain group, that included specific charges against Shanti Prasad Jain, the Government of India filed a petition to restrain and remove the management of Bennett and Company. Based on the pleading, Justice directed the Government to assume control of the newspaper which resulted in replacing half of the directors and appointing a Bombay High Court judge as the Chairman. Following the Vivian Bose Commission report indicating serious wrongdoings of the Dalmia–Jain group, on 28 August 1969, the Bombay High Court, under Justice J. L. Nain, passed an interim order to disband the existing board of Bennett Coleman and to constitute a new board under the Government; the bench ruled that "Under these circumstances, the best thing would be to pass such orders on the assumption that the allegations made by the petitioners that the affairs of the company were being conducted in a manner prejudicial to public interest and to the interests of the Company are correct".
Following that order, Shanti Prasad Jain ceased to be a director and the company ran with new directors on board, appointed by the Government of India, with the exception of a lone stenographer of the Jains. Curiously, the court appointed D K Kunte as Chairman of the Board. Kunte had no prior business experience and was an opposition member of the Lok Sabha. In 1976, during the Emergency in India, the Government transferred ownership of the newspaper back to Ashok Kumar Jain; the Jains too landed themselves in various money laundering scams and Ashok Kumar Jain had to flee the country when the Enforcement Directorate pursued his case in 1998 for alleged violations of illegal transfer of funds to an overseas account in Switzerland. On 26 June 1975, the day after India declared a state of emergency, the Bombay edition of The Times of India carried an entry in its obituary column that read "D. E. M. O'Cracy, beloved husband of T. Ruth, father of L. I. Bertie, brother of Faith and Justice expired on 25 June".
The move was a critique of Prime Minister Indira Gandhi's 21-month st