Search results for 'financial dispute'

Satish Kaushik's wife dismisses Rs 15 cr angle in his death

Satish Kaushik's wife dismisses Rs 15 cr angle in his death

Rediff.com12 Mar 2023

Kaushik attended a Holi party, held at the Delhi farmhouse of businessman Vikas Malu where, at midnight, he complained of chest pain and was taken to a Gurugram hospital.

Jio gets nod to acquire Reliance Infratel

Jio gets nod to acquire Reliance Infratel

Rediff.com21 Nov 2022

The National Company Law Tribunal (NCLT) on Monday gave its approval to Jio for the acquisition of Reliance Infratel (RITL). The tribunal asked Jio to deposit Rs 3,720 crore in the State Bank of India (SBI) escrow account to complete the acquisition of RCOM's tower and fibre assets. On November 6, Jio had proposed to deposit Rs 3,720 crore in an escrow account to complete the acquisition of Reliance Infratel which is undergoing an insolvency resolution process.

WINDFALL for Team India! BCCI doubles prize money for Aus series win

WINDFALL for Team India! BCCI doubles prize money for Aus series win

Rediff.com18 Apr 2017

The Board of Control for Cricket in India, at its Special General Meeting on Tuesday, decided to double the incentive of the Indian cricket team from Rs 50 lakh to Rs 1 crore for their recent 2-1 Test series win against Australia last month.

The dangers of financial apps on your smartphone

The dangers of financial apps on your smartphone

Rediff.com30 Dec 2017

'Malicious files can silently sit in your phone and relay data to hackers without your knowledge.'

Govt has ambitious plans for the GIFT City

Govt has ambitious plans for the GIFT City

Rediff.com1 Feb 2022

The government on Tuesday said it will allow setting up of world-class foreign universities in Gandhinagar's GIFT City, free from domestic regulations, to facilitate availability of skilled manpower in the financial services space. In addition, an international arbitration centre will be set up in the GIFT City for timely settlement of disputes under international jurisprudence, Finance Minister Nirmala Sitharaman said while presenting the Union Budget for 2022-23. The centre could be on the lines of the Singapore International Arbitration Centre, or the London Commercial Arbitration Centre.

Felt Indrani was lying about Sheena's whereabouts: Rahul to CBI court

Felt Indrani was lying about Sheena's whereabouts: Rahul to CBI court

Rediff.com10 Jun 2022

Rahul told the court about his relationship with Sheena, and narrated the sequence of incidents after he dropped her near suburban Bandra on April 24, 2012, for her meeting with her mother Indrani.

Isha, Akash, Anant Ambani appointed to Reliance board

Isha, Akash, Anant Ambani appointed to Reliance board

Rediff.com28 Aug 2023

Billionaire Mukesh Ambani's children -- Isha, Akash and Anant -- on Monday were appointed on the board of his energy-to-technology conglomerate Reliance Industries Ltd, in what is seen as a clear path of succession planning at India's most valuable company.

Quad ministers oppose 'unilateral' move to change status quo in China seas

Quad ministers oppose 'unilateral' move to change status quo in China seas

Rediff.com3 Mar 2023

The top diplomats of Quad nations on Friday denounced as "inadmissible" any use or threat of use of nuclear weapons in the Ukraine war and strongly opposed any "unilateral actions" that seek to change the status quo in the South and East China Seas, a region that has witnessed increasing Chinese military offensive.

Indrani sends divorce notice to Peter, seeks to end 16-yr-old marriage

Indrani sends divorce notice to Peter, seeks to end 16-yr-old marriage

Rediff.com27 Apr 2018

In the notice, she sought a divorce on the grounds that their marriage had "irretrievably broken down".

Know About Loan Closure Process

Know About Loan Closure Process

Rediff.com3 Oct 2023

While the RBI's guidelines aim to streamline the loan closure process, borrowers must remain proactive.

Meghalaya polls: BJP woos women voters with govt job quota, scooters

Meghalaya polls: BJP woos women voters with govt job quota, scooters

Rediff.com16 Feb 2023

It also promised financial assistance of Rs 24,000 annually to all dependent widows and single mothers, two free LPG cylinders to all the beneficiaries of the PM Ujjwala Yojana and 24x7 power supply.

Jaishankar begins UNGA speech with 'Namaste from Bharat'

Jaishankar begins UNGA speech with 'Namaste from Bharat'

Rediff.com26 Sep 2023

India on Tuesday told the UN General Assembly that the days when a few nations set the agenda and expected others to fall in line are over, underlining that its presidency of the G20 sought to focus on key concerns of the many, not just the narrow interests of a few.

'If Modi comes back in 2024, India will be...'

'If Modi comes back in 2024, India will be...'

Rediff.com29 Sep 2023

'...a more capable State -- one that operates with greater capacity, greater efficiency, and greater clarity of purpose.' 'But I also see a more despotic State -- one that places more constraints on speech, assembly, dissent, and critique.' 'It may run 'better', but on the regime's rules.'

'If I don't get it for 12th Fail, there will be another film...'

'If I don't get it for 12th Fail, there will be another film...'

Rediff.com27 Nov 2023

'There can be no bigger compliment than people walking away, carrying the film in their hearts, and thanking you for it.'

Street positive on long-term capex plans of Power Grid Corp

Street positive on long-term capex plans of Power Grid Corp

Rediff.com10 Aug 2023

Despite enduring a weak first quarter of the 2023-24 financial year (Q1FY24), Power Grid Corporation (PGCIL) has laid out an ambitious capex plan going forward. It is looking to invest around Rs 1.8 trillion on an existing asset base of Rs 2.7 trillion to aim at keeping over 50 per cent market share in the transmission market. This includes opportunities from the Rs 2.4 trillion green energy corridor.

Guidelines for NCLT to deal with bankruptcy cases in the works

Guidelines for NCLT to deal with bankruptcy cases in the works

Rediff.com9 May 2023

The government is planning to draft rules for the National Company Law Tribunal (NCLT) to deal with Insolvency and Bankruptcy (IBC) cases, according to official sources. The Ministry of Corporate Affairs (MCA) is also looking to fill all vacant posts at various NCLT Benches by August and put in place an IT-enabled system that would use artificial intelligence (AI) for case management. The NCLT, adjudicating authority for matters related to company affairs, was constituted before the IBC came into effect.

NCLT reserves order on Go First's plea for insolvency proceeding

NCLT reserves order on Go First's plea for insolvency proceeding

Rediff.com4 May 2023

The National Company Law Tribunal (NCLT) on Thursday reserved its order on crisis-hit airline Go First's plea seeking voluntary insolvency resolution proceedings and interim moratorium on financial obligations while aircraft lessors vehemently opposed the petition. Amid the airline facing severe financial crunch and cancelling flights, a two-member NCLT bench comprising Justice Ramalingam Sudhakar and Member L N Gupta heard the arguments for and against the petition for nearly four hours. As aircraft lessors opposed the plea, the counsels for Go First said the petition was not a malicious one to avoid payment of dues to its creditors but to save the company.

Despite NCLT setback, analysts remain positive on Zee Entertainment

Despite NCLT setback, analysts remain positive on Zee Entertainment

Rediff.com3 Mar 2023

The National Company Law Tribunal's (NCLT's) declaration that Zee Entertainment is bankrupt adds a new measure of uncertainty to the proposed merger with Sony. Three entities -- Aditya Birla Finance, IndusInd Bank and YES Bank -- have filed appeals in the NCLT for recoveries of Rs 130 crore, Rs 90 crore and Rs 540 crore, respectively. The money was borrowed by a related party - Siti cable - and not returned. Zee was a corporate guarantor.

Shah Rukh Khan ordered to give money back to Byju's student

Shah Rukh Khan ordered to give money back to Byju's student

Rediff.com28 Apr 2023

In its order passed on Wednesday, the commission said Rs 1.08 lakh in fees deposited by complainant Priyanka Dixit at the time of admission in 2021 must be returned along with 12 per cent annual interest, while Rs 5,000 must be given to her as litigation cost and Rs 50,000 as compensation for financial and mental agony.

When You Buy Home Insurance, Check This

When You Buy Home Insurance, Check This

Rediff.com4 Oct 2023

Keep revising the sum insured at the time of renewal to keep it in line with inflation.

Ajay Banga becomes first Indian-American to head World Bank

Ajay Banga becomes first Indian-American to head World Bank

Rediff.com3 May 2023

Ajay Banga was on Wednesday appointed the next president of the World Bank, becoming the first-ever Indian-American to head the global financial institution which said it looks forward to working with him at a time when it's tackling the toughest development challenges facing developing countries. "The executive directors of the World Bank today selected Ajay Banga as president of the World Bank for a five-year term beginning June 2, 2023," the bank said in a press statement. In February, President Joe Biden announced that the US would be nominating Banga, 63, to lead the World Bank because he is "well equipped" to lead the global institution at "this critical moment in history."

BRICS to admit 6 new countries from Jan 1, 2024

BRICS to admit 6 new countries from Jan 1, 2024

Rediff.com24 Aug 2023

Argentina, Egypt, Ethiopia, Iran, Saudi Arabia and the United Arab Emirates have been invited to join the grouping.

Sheena Bora case: Indrani Mukerjea gets bail 6 yrs after arrest

Sheena Bora case: Indrani Mukerjea gets bail 6 yrs after arrest

Rediff.com19 May 2022

While the trial of the Sheena Bora murder case is far from over, the story has seen some bizarre turns and twists so far.

All You Wanted to Know About Gift Nifty Index

All You Wanted to Know About Gift Nifty Index

Rediff.com30 Jun 2023

Gift Nifty will provide Indian investors cues on how domestic markets could react to global events.

CBI begins probe into graft complaints against Red Cross's 5 branches

CBI begins probe into graft complaints against Red Cross's 5 branches

Rediff.com14 Mar 2023

According to officials, the Union health ministry had received complaints about alleged corruption at the regional branches of the Red Cross Society in Tamil Nadu, Kerala, Assam, Karnataka and the Andaman and Nicobar Islands.

One-offs impacted Jan-Mar quarter, but FY24 likely to be better for ONGC

One-offs impacted Jan-Mar quarter, but FY24 likely to be better for ONGC

Rediff.com7 Jun 2023

ONGC's January-March quarter results for the 2022-23 financial year (Q4FY23) indicated changes in the trends of the energy cycle as well as the impact of policy change in gas-pricing. The public sector oil and gas major reported standalone Ebitda (earnings before interest, tax, depreciation and amortisation) at Rs 16,340 crore, down 12 per cent year-on-year (YoY), and down 20 per cent quarter-on-quarter (QoQ). There was a net loss of Rs 250 crore due to exceptional items of Rs 9,240 crore for provisions related to the ongoing dispute regarding the applicability of service tax and goods and services tax on Royalty.

Peter Mukerjea released from Mumbai jail

Peter Mukerjea released from Mumbai jail

Rediff.com20 Mar 2020

The release came after the six-week stay on the Bombay high court order granting the former media baron bail in the murder case ended on Thursday with the Central Bureau of Investigation not moving an appeal before the Supreme Court.

Maharashtra reported maximum IPC crimes, Mumbai saw 174 offences a day in 2021

Maharashtra reported maximum IPC crimes, Mumbai saw 174 offences a day in 2021

Rediff.com30 Aug 2022

Maharashtra recorded the highest number of cases in the country under the Indian Penal Code (IPC) in 2021 at 3,67,218, while Mumbai was placed second among major metropolitan cities in registration of criminal offences, according to a National Crime Records Bureau (NCRB) report.

Bangladesh keen to revise Adani Power deal; cites high coal price

Bangladesh keen to revise Adani Power deal; cites high coal price

Rediff.com2 Feb 2023

Bangladesh has sought revision of a 2017 power purchase agreement with Adani Power Ltd as the price for the coal-generated electricity appeared too expensive, officials said in Dhaka on Thursday. "We have communicated with the Indian company seeking revision of the agreement," an official of the state-run Bangladesh Power Development Board (BPDC) told PTI on the condition of anonymity and without elaborating on the matter. Media reports suggested that the "high coal price" to be purchased for the Adani plant at India's Jharkhand emerged as the key factor for the dispute.

Peter Mukerjea ready to divorce Indrani, says lawyer

Peter Mukerjea ready to divorce Indrani, says lawyer

Rediff.com18 Jun 2018

Stating that the marriage had "irretrievably broken down", Indrani had sent a divorce notice to Peter Mukerjea in April this year.

'If anything goes wrong with Byju's...'

'If anything goes wrong with Byju's...'

Rediff.com22 Jun 2023

'India's edtech and start-up story will be in danger.'

Did RBI Know About Demonetization?

Did RBI Know About Demonetization?

Rediff.com1 Jun 2023

The RBI was not party to the decision to demonetize 500 and 1,000-rupee notes, which was taken at the highest level of India's political leadership.

For the foreseeable future, diesel is likely to drive India's economy

For the foreseeable future, diesel is likely to drive India's economy

Rediff.com19 May 2023

India's climate change goals are turning combustible. On the one hand, a protracted dispute between the government and manufacturers over subsidies threatens to slow the pace of electric vehicle (EV) sales. On the other hand, repeated assertions by different arms of the government over banning sales of new fossil fuel-fired vehicles have queered the pitch for energy investments. Before we address the issue of the recommended diesel vehicle ban in the recent report on energy transition, issued months before the next round of global climate talks begin in Dubai in November, let's look at what's at stake.

I-T Goes After Rs 7.7 Trillion Tax Arrears

I-T Goes After Rs 7.7 Trillion Tax Arrears

Rediff.com5 Jan 2023

Senior tax officials were told to focus on cash collection from the arrears so that the target for FY23 was achieved and the overall revenue position improved.

Local BJP leader killed in MP; party cries foul

Local BJP leader killed in MP; party cries foul

Rediff.com20 Jan 2019

The death of Manoj Thakre, 48, came to light three days after another BJP leader was shot dead in Mandsaur, prompting the party to claim that its leaders were being targeted.

China against India's plan to hold G20 meeting in J-K

China against India's plan to hold G20 meeting in J-K

Rediff.com30 Jun 2022

China on Thursday voiced its opposition to India's reported plans to hold the next year's meeting of G-20 leaders in Jammu and Kashmir.

Engaged with Indian govt on tax dispute: Cairn

Engaged with Indian govt on tax dispute: Cairn

Rediff.com10 Mar 2015

The company faces a potential tax demand.

How To Handle Money Issues After Layoffs

How To Handle Money Issues After Layoffs

Rediff.com7 Jun 2023

Begin by creating a household budget. Involve all family members in the exercise and cut costs wherever possible.

China Knows India Has Stolen A March

China Knows India Has Stolen A March

Rediff.com1 Nov 2023

China has signalled that it will prevent India from assuming leadership of the Global South, observes Ambassador T P Sreenivasan.

How RBI plans to check banking fraud

How RBI plans to check banking fraud

Rediff.com29 Aug 2022

As part of its efforts to strengthen customer protection, Reserve Bank is considering setting up a fraud registry to create a database of fraudulent websites, phones and various modus operandi used for digital fraud. Such a database will help prevent these fraudsters from repeating the fraud as the websites or phone numbers would be blacklisted, RBI executive director Anil Kumar Sharma said on Monday. "There is no definite timeline for setting up of the fraud registry.