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The Hindu
2 days ago
- Business
- The Hindu
Youth unemployment rate declined to 10.2% in 2023-24: Union Minister
The estimated Unemployment Rate on usual status for youth of age 15-29 years and above has decreased from 17.8% in 2017-18 to 10.2% in 2023-24, Union Minister of State for Labour and Employment Sushri Shobha Karandlaje said on Monday in a written reply in Lok Sabha to slew of questions around raising unemployment raised by DMK MP and former Union Minister Dayanidhi Maran. The Union Minister noted that as per the latest available Annual Periodic Labour Force Survey (PLFS) reports, the estimated Unemployment Rate (UR) on usual status for persons of age 15 years and above has decreased from 6.0% in 2017-18 to 3.2% in 2023-24. Employment generation coupled with improving employability including youth is a priority of the Government, he said and highlighted various measures taken by the government. In a post on X, Mr. Maran said India's youth need jobs, not jargon.
Time of India
21-07-2025
- Politics
- Time of India
Union minister lists ‘missing details' in Keeladi report
Chennai: Union culture minister Gajendra Singh Shekhawat on Monday listed "missing details", pointed out by unnamed experts, in the Keeladi excavation report submitted by lead archaeologist Amarnath Ramakrishna. The minister clarified that ASI did not request any revised report on Keeladi from the state archaeology department. Shekhawat was responding in writing to questions from DMK MPs Thamizhachi Thangapandian and Dayanidhi Maran in Lok Sabha. Thamizhachi asked whether the Centre officially reviewed the excavation report after it was submitted in June. According to Shekhawat, the "omissions" include "the need for the cultural period to be reoriented as specified, the village map to be redrawn, and updates of content/map, plate, drawing, plan, contour, cuttings, stratigraphy, drawing, and image-graffiti". You Can Also Check: Chennai AQI | Weather in Chennai | Bank Holidays in Chennai | Public Holidays in Chennai "ASI is fully committed to following the law and due scientific process for releasing the accurate findings based on the excavation at Keeladi. Views of eminent experts will be taken and incorporated for a scientifically authentic record," the minister said. Amarnath declined to comment on the matter. His associates said he gave all necessary details in both soft and hard copies during the submission stage and responded to queries on May 23. Shekhawat said "experts" were of the view that nomenclature of the three periods listed by Amarnath need to be changed, and the time bracket of the 8th century BCE to the 5th century BCE given for the first period was "not justified at all". The "experts" suggested the other two periods should be dated using accelerator mass spectrometry and the material recovered. According to "experts", the earliest period originates somewhere in pre-300 BCE. They noted that for the available scientific dates, the depth from where the sample was collected may not be enough and that layers should be marked for comparative consistency analysis. Shekhawat said the excavation conducted under ASI and the lead archaeologist's report are under review. He said that the experts' comments have been shared with the lead archaeologist and are yet to be finalised. "There is no practice of rejecting a report as explained in the aforementioned paragraph," he said. Regarding the repeated transfer of the lead archaeologist within nine months and its impact on excavation continuity, Shekhawat said allocation of work to archaeological officers is a routine administrative matter. In a separate response to Dayanidhi Maran, Shekhawat said ASI did not request any revised report on Keeladi from the state archaeology department. "Since 2018, the TN state department of archaeology is conducting excavations at the site, for which ASI does not provide any funding support," said Shekhawat.
Hans India
10-07-2025
- Business
- Hans India
Tamil Nadu CM Stalin Reportedly Mediates In Maran Brothers' Business Feud Over Sun TV
Tamil Nadu Chief Minister MK Stalin has reportedly stepped in to mediate a bitter family dispute between DMK MP Dayanidhi Maran and his elder brother Kalanidhi Maran, who serves as chairman and managing director of Sun TV Network. Sources suggest that the Chief Minister, who is also the uncle of the warring siblings, has counseled both brothers to settle their differences privately for the sake of family harmony. The intervention comes in the wake of escalating tensions between the brothers, which became public when Dayanidhi Maran issued a legal notice to his elder brother last month. The notice also named his sister-in-law and six other individuals in connection with disputed share transactions within the Sun TV Network that allegedly occurred more than two decades ago. Neither brother has officially confirmed the Chief Minister's involvement in attempting to resolve their dispute, leaving the extent of Stalin's mediation efforts unclear. However, the reported intervention highlights the significant nature of the conflict and its potential implications for both the family and the broader political landscape in Tamil Nadu. The legal notice filed by Dayanidhi Maran contains serious allegations against his brother, including claims of criminal breach of trust and fraudulent practices. The core of the dispute centers on allegations that Kalanidhi Maran improperly allocated 12 lakh shares of Sun TV Network Ltd. to himself on September 15, 2003, without following proper procedures for valuation, obtaining fair consideration, or securing consent from existing shareholders. The younger Maran brother has characterized these share transactions as illegal and a fundamental violation of shareholder rights. His legal notice goes beyond the initial share allocation issue, also alleging that approximately Rs 8,500 crore was invested in various domestic and international Real Estate Investment Trust funds and mutual funds using undisclosed resources without proper authorization or disclosure. The allegations extend to claims that regulatory filings with major financial institutions were misleading. Dayanidhi Maran has accused his brother of submitting fraudulent documentation to the Securities and Exchange Board of India, National Stock Exchange, and Bombay Stock Exchange, allegedly in collaboration with lead managers to facilitate the company's public listing. The legal notice demands significant remedial action, including restoration of the company's shareholding structure to its 2003 configuration and return of all dividends, assets, and monetary benefits that were allegedly misappropriated. The notice warns that failure to comply with these demands would result in comprehensive legal action across civil, criminal, regulatory, and enforcement domains. Sun TV Network Ltd. has strongly refuted these allegations through an official regulatory filing with the Bombay Stock Exchange. The company dismissed the claims as speculative, defamatory, and lacking factual or legal foundation. The company's statement emphasized that all corporate actions were conducted in compliance with legal requirements and had been properly vetted by relevant intermediaries before the public offering. The company's response also sought to minimize the potential impact of the dispute on its operations, noting that the allegations relate to events that occurred 22 years ago when Sun TV was a privately held company. The statement characterized the matter as a personal family dispute among promoters that does not affect the company's business operations or daily functioning. The timing of this family feud is particularly significant given the prominent positions held by both brothers in Tamil Nadu's political and media landscape. The dispute has the potential to create complications for the DMK party, of which Dayanidhi Maran is a sitting Member of Parliament, while also affecting one of South India's largest media conglomerates. The Chief Minister's reported intervention reflects the delicate balance required in managing family disputes that intersect with political and business interests. The outcome of this mediation effort could determine whether the brothers can resolve their differences privately or whether the dispute will continue to play out in legal and public forums.
India Today
10-07-2025
- Business
- India Today
Uncle Stalin plays family referee as Maran brothers clash over Sun TV shares?
Tamil Nadu Chief Minister MK Stalin is believed to have intervened in the ongoing dispute between DMK MP Dayanidhi Maran and his elder brother Kalanidhi Maran, the chairman and managing director of Sun TV Network. According to sources, the Chief Minister urged both brothers to resolve their differences amicably in the interest of the has been no official confirmation from either Dayanidhi or Kalanidhi Maran regarding the involvement by the Chief Minister – who is also their uncle – on the current status of the to mend the rift follow Dayanidhi Maran's move last month to issue a legal notice to his elder brother, sister-in-law, and six others. The notice objected to certain share transactions of the Sun TV Network dating back to 2003. According to the notice, Dayanidhi Maran has alleged criminal breach of trust and cheating, stating that on September 15, 2003, Kalanidhi Maran unlawfully allotted 12 lakh shares of Sun TV Network Ltd. to himself without proper valuation, fair consideration, or consent from existing shareholders. The notice termed the transaction illegal and a betrayal of shareholder further claimed that approximately Rs 8,500 crore had been invested in various domestic and international Real Estate Investment Trust (REIT) funds and mutual funds using undisclosed resources. These investments, the notice alleged, were made without authorisation or disclosure, with evidence drawn from savings account Maran also contended that a red herring prospectus filed with the Securities and Exchange Board of India (SEBI), National Stock Exchange (NSE), and Bombay Stock Exchange (BSE) was misleading and based on fraudulent documentation, allegedly in collusion with lead managers to facilitate the public listing of the has demanded that the company's shareholding be restored to its original structure as of 2003 and that all dividends, assets, and monetary benefits allegedly misappropriated be returned. The legal notice warned that failure to comply would result in appropriate civil, criminal, regulatory, and enforcement response, Sun TV Network Ltd. issued a clarification through a regulatory filing with the BSE on June 20. The company described the allegations as speculative, defamatory, and unsupported by facts or law. 'The statements allegedly made in the articles are incorrect, misleading, speculative, defamatory and not supported by facts or law. We wish to inform that all acts have been done in accordance with legal obligations and the same had been duly vetted by concerned intermediaries before the public issue of the company,' it TV further noted that the matter dates back 22 years, to a time when the company was a closely held private limited entity, and insisted the dispute had no impact on its operations. 'The matters alleged in the articles do not have any bearing on the business of the company or its day-to-day functioning and, being the family matter of the promoter, are purely personal in nature,' the statement read.- Ends IN THIS STORY#Tamil Nadu
News18
08-07-2025
- Business
- News18
Family Feud Ends? Maran Brothers Call Truce After Row, CM Stalin Played Mediator: Report
Last Updated: The mediation took place recently in the presence of key members of the DMK family, including Tamil Nadu Chief Minister MK Stalin A reported truce has been reached between DMK MP Dayanidhi Maran and his elder brother Kalanithi Maran, Chairman of Sun TV Network, following a bitter and public family dispute over alleged financial mismanagement and company shareholding. According to a report by The Hindu citing sources, the mediation took place recently in the presence of key members of the DMK family, including Tamil Nadu Chief Minister MK Stalin. While sources confirmed that a meeting took place, none of the individuals involved have revealed details of the discussion or the terms of the apparent settlement. The peace deal after a legal notice issued by Dayanidhi Maran in June, where he accused his brother of serious financial misconduct. The allegations included fraudulent practices, misgovernance, and even money laundering, reportedly linked to the management and shareholding of Sun TV following the death of their father, Murasoli Maran, in 2003. Dayanidhi had claimed that their father had died without leaving a Will, and demanded that the company's shareholding structure be restored to what it was in 2003. His legal notice also warned of possible investigations by multiple regulatory bodies, including the Serious Fraud Investigation Office (SFIO), SEBI, RBI, Enforcement Directorate, and the Registrar of Companies. The row had an immediate impact on markets, with Sun TV's shares falling over 5 percent in early trade shortly after the news broke. In response, the company had issued a statement clarifying that the matter was personal and would not affect its operations or performance. At present, Kalanithi Maran holds a 75 percent stake in Sun TV Network, a major media conglomerate with a market capitalisation of over Rs 24,000 crore. The network broadcasts in seven languages across India, operates several FM radio stations, and owns IPL franchise Sunrisers Hyderabad as well as the Sunrisers Eastern Cape in South Africa's T20 league. view comments First Published: July 08, 2025, 23:16 IST Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
