Alvarez & Marsal will develop a detailed restructuring plan for the group to demonstrate to shareholders and lenders that it was self-sufficient in repaying its liabilities. So far, the IL&FS management had been working on its revival plan.
Prohibitory orders were imposed in Delhi and parts of Karnataka. Police kept tight vigil in Kerala. In Gujarat, 50 people were arrested for Thursday's violence.
The standard line that is used for anyone -- academics, minorities, farmers, dissident industrialists -- who points out that what the government is doing is wrong is being anti-national and separatists, reveals Aakar Patel.
He said the first decision of the cabinet was to approve Rs 20 crore fund for conserving Raigad Fort, which was the capital of Chhatrapati Shivaji Maharaj.
'The youth associated with this movement were extremely talented.' 'But I personally believe violence cannot change anything in the world.'
The accent on 'making the south feel wanted' was the reason why P Muralidhar Rao, who was dropped as general secretary, was partially reinstated in the central apparatus as prabhari in charge of Madhya Pradesh. 'Pressure from the RSS was brought to bear on Rao's return,' a source said. Radhika Ramaseshan reports.
Regardless of how the stalemate ends, the government needs to learn that regardless of its parliamentary strength it cannot take people for granted. A little bit of humility would do it a lot of good, recommends Virendra Kapoor.
Schools in the Valley will reopen next week, Jammu and Kashmir Chief Secretary B V R Subrahmanyam said.
'The RBI has not allowed any commercial bank to fail in the past three decades.' 'It has always played the role of a matchmaker, but this is the best deal it has stitched,' notes Tamal Bandyopadhyay.
The beauty of the relationship between the two countries is that they agree to disagree and perhaps that is the strongest bond between the two governments and their relationships, notes Rup Narayan Das.
The USS John Paul Jones acted like a dog marking the lamp post, observes Ambassador M K Bhadrakumar.
'The situation has improved because oxygen tankers are now coming.' 'Before this it was chaotic.'
Manchester United manager Ole Gunnar Solskjaer is eager to build his team around midfielder Paul Pogba despite media speculation linking the French World Cup winner with a move away from Old Trafford.
The government said there was no immediate plan to extend the 21-day lockdown period, which entered its sixth day on Monday, while the Indian Army dismissed as "fake" social media posts about a possible emergency declaration next month.
We can expect to see more Chinese wolf warrior diplomats on the prowl, in India's neighbourhood, though its mailed fist is not so visible while dealing with India, observes Colonel R Hariharan (retd).
'It was unfair to expect him to continue to keep on supplying vaccines without being given a firm commitment or a financial grant of any sort.'
Delhi was just one riot. Add Bengal, Assam, Uttar Pradesh and you can count a few scores dead. It could, regrettably, be just the beginning of a very long, dark phase for India, notes Shekhar Gupta.
Neither Biden nor his successors can any longer ignore the threat China has come to pose to the US in both economic and military fields, observes Virendra Kapoor.
Formula One team bosses backed the decision of Japanese Grand Prix organisers to cancel all of Saturday's practice and qualifying sessions as the sport hunkered down to ride out Typhoon Hagibis.
Other forms of securities such as compulsorily convertible debentures (CCDs), optionally convertible debentures (OCDs) and some derivatives could remain out of the scope of the amendments
The ex-army chief left for Dubai for medical treatment in March 2016 and has not returned since, citing security and health reasons.
'The politicians waiting to grab the space left behind by Omar Abdullah and Mehbooba Mufti do not have any credentials,' says Athar Parvaiz.
'If you ask India's finest business leaders, they now tell you -- in whispers, of course -- that the mood has never been so glum after 1991,' says Shekhar Gupta.
Vajpayee had always felt that India must act with conviction and panache. He decided that, irrespective of the attendant risks, he would undertake what many felt was a precarious course. A fascinating excerpt from N K Singh's Portraits Of Power: Half A Century Of Being At Ringside on Atalji's 96th birthday, December 25.
Australia is facing a tug of war over the site of the Australian Open after politicians in Sydney announced plans to build a multi-million dollar facility to attract the tournament, local media reported on Saturday.
In its order, the court observed that the action of the authorities was a violation of Article 21 of the Constitution under which no person shall be deprived of his life or personal liberty except according to procedure established by law.
The new chief minister will be one of the most closely watched politicians in the country in these media-driven times.
The Dutch round of the MotoGP championship will break with tradition by switching from Saturday to a Sunday slot from next season out of financial necessity, local organisers said on Thursday.
While the ruling party alleged an "invisible hand" behind the petitions, the opposition accused it of making "false political capital" by "misinterpreting" the apex court order.
Coming down heavily on MF players who in recent past chose to use shareholder fund to buy out debt of bleeding invested companies, Sebi said MFs can't have standstill agreements with companies and will take action against fund houses for such deals.
'The government should refrain from 'adventurism' and 'megalomania'.' 'But this should be true of reckless government action against every Indian, whether or not they are wealthy or have access to the finance minister even when he is in hospital,' says Aakar Patel.
Journalists from across the country gathered and demanded justice amid call for standing up to "forces" trying to the "muzzle" the voices of dissent.
'What is holding this government to ransom is the Parivar. It is this group's thought process, ideals and philosophies that course through the veins of India's elected government. And it is this that is holding the government, and through it the country, to ransom.'
Start-up Belong.co uses an unconventional way of hiring that trusts more on data available on social media or tweets than the resume.
Former FIA president Max Mosley has warned that Formula One risks serious difficulties unless it changes direction and cuts costs.
In India, many players are in the throes of chaos and pain but at least one partnership -- Air Asia India -- that was fraying even before the pandemic now finds itself at breaking point, says Anjuli Bhargava.
The DGP has been directed to inform NHRC about steps being taken to ensure safety of citizens, especially women.
'Here's a list of the things we should be reading more about in the media,' says Mitali Saran.
The Union home ministry has issued strict guidelines for the enforcement of the 21-day complete nationwide lockdown in the wake of the covid-19 pandemic, invoking the National Disaster Management Act which may result in imprisonment of up to two years for any violation. All government offices, the offices of state and Union territory governments, autonomous institutions, public corporations, commercial, private, industrial establishments shall remain closed, the guidelines issued by the ministry said.
The term of the 224-member Karnataka assembly ends on May 28 this year.
