The Reserve Bank has revoked the deposit-taking status of Dewan Housing Finance (DHFL), the first financial services firm to go for bankruptcy proceedings, and has reclassified it as a non-deposit taking housing finance company, before approving the Piramal group's bid to take over it towards the end of the resolution process. The revelation comes in the June 7 NCLT Mumbai order that has approved the Rs 35,250-crore bid for the once second largest mortage lender by Piramal Capital & Housing Finance, forcing over 65 per cent haircut on the creditors and just Re 1 to its NCD holders to whom it owes more than Rs 45,000-crore. On the 14th page of the 86-page NCLT order by HP Chaturvedi and Ravikumar Duraisamy, it says DHFL no longer is a deposit taking NBFC but a non-deposit taking one.
The students were booked under the Act that dates back to the British era allegedly for posting a WhatsApp status praising Pakistan players after the team's victory against India in a T20 cricket match on October 24.
Replying to an RTI query, the PMO said a Special Investigation Team (SIT) has already been formed and its investigation is underway.
Sidharth shoots in Bhopal... Gul gives us Lalita... Soha's little girl goes to school...
The Congress on Saturday attacked the Centre over a New York Times report which claimed that the Indian government bought the Pegasus spy tool in 2017 as part of a deal with Israel, alleging that the government indulged in illegal snooping using the spyware which amounts to 'treason.'
Zoya Akhtar threw a Christmas bash and invited her friends over.
'A country cannot be run on lines that everyone should be in agreement and those who disagree should be silenced.' 'If this is how they look at democracy, then I can only wish good luck to the future of parliamentary democracy in India.'
Director Richie Mehta dedicated the honour to all the women who not just endure violence that men inflict on them, 'but are also tasked to solve the problem.'
The number of equity schemes rose to 562 from 519 two years ago. Equity NFOs, in fact, have mopped up more than Rs 16,000 crore since 2018 - 2.7 times the Rs 5,948 crore collected in the preceding three calendar years.
Joginder Tuteja lists November's theatre releases so that you can plan your weekends well.
What is Bollywood up to these days?
'You become a critic because the job entails watching a 100 films a year, out of which there will be five or six good films.' 'It's really a glutton for punishment, but you're also optimistic and want to see exciting things.'
'The impression that Uddhav saheb is naram (soft or not-so-aggressive), anukool (congenial), manmilau (amiable) is true.' 'But he is Balasaheb's son. So, aggression comes naturally to him.'
The Mumbai police have arrested three persons from Haryana in connection with the chat on Clubhouse app in which obscene comments were allegedly made against Muslim women, an official said on Friday.
The winners of the Filmfare Awards feature on the magazine's April cover.
The joint Opposition including the Congress, the Dravida Munnetra Kazhagam, the Trinamool Congress, the Left, the Telangana Rashtra Samithi and the Aam Aadmi Party did not join the Question Hour of the session when the House reassembled after its first adjournment till noon.
Equity mutual funds attracted an all-time high net inflow of Rs 28,463 crore in March, on continued interest by retail and HNI investors, who used market correction as a good buying opportunity.
In a terse message, the ministry further added that "it is also best that diplomatic conversations are not misrepresented for political purposes."
'Adi Sir told me when he watched Gully Boy, he felt I was hero material.'
Naved Masood, former secretary in the Ministry of Corporate Affairs and Sebi board member; TV Mohandas Pai, chairman of Manipal Global Education and Dinesh Kanabar, CEO, Dhruva Advisors have ceded their position on the NSE board following end of their tenure.
A team led by Mumbai cyber unit's Deputy Commissioner of Police Rashmi Karandikar started a probe into the case and formed teams comprising personnel from the east, central and west region cyber police stations here to nab the culprits, the official said.
After Hrudayantar, designer Vikram Phadnis has directed another Marathi film Smile Please.
A war of words broke out on Monday on Twitter between Human Resource Development Minister Smriti Irani and Congress leader Priyanka Chaturvedi, with the Bharatiya Janata Party leader taking a dig at Rahul Gandhi, saying that losing Assam elections was "his forte".
The Enforcement Directorate on Thursday questioned Congress chief Sonia Gandhi in a money laundering case related to the National Herald newspaper and summoned her for a second round of questioning in the case on July 25.
The reworked version of Bunty Aur Babli will release on November 19.
Joginder Tuteja looks at the biggies coming our way this year.
At present, the IAF has 10 women fighter pilots and 18 women navigators. The total strength of women officers serving in the IAF is 1,875.
Air India Chairman Rajiv Bansal has been appointed as the new aviation secretary as part of a major top-level bureaucratic reshuffle effected by the Centre on Wednesday. K Rajaraman, additional secretary in the department of economic affairs, has been appointed as secretary, department of telecommunications, a personnel ministry order said.
During the second day of discussion in Rajya Sabha on the pandemic and steps taken by the Centre, Sanjay Raut (Shiv Sena) took exception to the criticism by some Bharatiya Janata Party leaders, including Rajya Sabha MP Vinay Sahasrabuddhe, of the measures taken by the Maharashtra government to control the pandemic.
The proposed move would help in cutting down compliance costs and reducing the friction between rules enacted by capital markets watchdog Sebi, depositories and government, experts said.
The National Stock Exchange (NSE) has got into firefighting mode to control the reputational damage caused by the Securities and Exchange Board of India's (Sebi's) order against its former managing director and chief executive officer Chitra Ramkrishna and others. According to sources, the exchange's management over the past one week has met several key stakeholders, including officials in the finance ministry and Sebi, major shareholders, and trading members, trying to distance itself from the controversy. The exchange plans to hold more meetings in the coming week to ensure that trading volumes and confidence in the bourse don't get impacted, they added.
The Rashtriya Swayamsewak Sangh (RSS) on Sunday distanced itself from an article critical of Indian software major Infosys that was published in Panchjanya, a magazine associated with the saffron organisation.
The NCW has written to the Delhi Police to expedite its action in the case against the 'Bulli Bai' app, floated for trolling and harassing the victims, to ensure that such crimes do not recur.
The Delhi police on Sunday registered a case based on a complaint filed by a woman journalist alleging that she was being targetted by an unidentified group of people on a mobile application named 'Bulli Bai' created on GitHub platform.
The coronavirus is bound to have far-reaching repercussions on the Indian film industry.
'The blockbusters are unlikely to be launched in 2020.' 'They will move into the 2021 cycle when confidence level among people will be higher.'
Sadak 2 is all set to release on OTT this month, and it joins a bunch of sequels whose original films released more than a decade ago.
Uddhav Thackeray, his son and Maharashtra tourism minister Aaditya Thackeray figured in the list of campaigners.
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