As the feud continues between Zee and Invesco, appellate body NCLAT on Thursday directed the National Company Law Tribunal (NCLT) to give reasonable opportunity to the media major to reply to Invesco's plea for holding a meeting of shareholders, and also remarked that the tribunal made an "error" by not providing sufficient response time. With the order capping a day of fast legal developments at the NCLAT as well as the NCLT within a span of a little over an hour, the spat between Zee Entertainment Enterprises Ltd (ZEEL) and minority shareholder Invesco will now come up for hearing before the NCLT on Friday. Invesco is seeking the ouster of ZEEL MD and CEO Punit Goenka and appointment of six new directors on its board.
India should have done more to protect jobs during the pandemic, a senior official from a global consultancy firm said on Tuesday. Alok Kshirsagar, a senior partner with McKinsey & Company, said the United Kingdom ran a very effective programme to protect employment through the payroll protection initiative, while the US was also not so effective because they were not well-targeted."I think in India, frankly, we should have done more to protect employment in some way, shape or form," Kshirsagar said while speaking at an event organised by industry lobby grouping CII. It can be noted that unemployment had touched record highs during the pandemic across the organised and unorganised sectors.
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For India to invoke "sovereign" or "state" immunity to safeguard its foreign assets, which are under threat of getting seized in the intensifying legal battle with Cairn Energy, may come with several riders. Experts point out that the Indian government has to first satisfy the French court that the properties or assets that are under consideration are being used to dispense the state's sovereign functions.
India displayed its military might and vibrant cultural heritage on Rajpath on Wednesday with the grandest flypast with 75 aircraft to mark the 'Azadi ka Amrut Mahotsav' celebrations being the highlight of the 73rd Republic Day Parade, which was drastically scaled down in view of the Covid pandemic.
The Lok Sabha on Wednesday passed a bill to regulate and supervise assisted reproductive technology clinics, with various members urging the government not to exclude single parents and the LGBTQ community from using this procedure.
'As per the report available..., 35 persons have succumbed to injuries inflicted on them during riots (till Tuesday)...22 persons have died due to severe injuries'
A fresh political war of words erupted on Tuesday over the Rafale issue as the Bharatiya Janata Party accused the Congress leadership of corruption citing claims of a French media report on 'commissions' being paid during the United Progressive Alliance rule and said the Indian National Congress should be renamed 'I Need Commission' party.
The Prime Minister's Office on Tuesday reviewed the coal supply and power generation scenario as the government looks at ways to defuse the energy crisis being faced by several states.
Presenting the best food pics shared by our readers this week.
Asthana is the 27th chief of the force and is expected to hold office till July next year, his scheduled date for retirement from service.
Many of them carried candles and signs reading, "We don't support politics of hate."
The Centre stated in its report that it wanted media houses not to publish the news of COVID-19, without asking the central government authorities, who are assigned to talk to media houses, keeping in view the welfare and benefit of migration labourers and other people due to the pandemic.
Indian wines are getting better all the time, says Alok Chandra.
The government and the ruling Bharatiya Janata Party have dismissed the Pegasus Project reports as concocted and evidence-less.
Reigning world champion Rupesh Shah added another feather in his cap by clinching the 12th Asian Billiards championship with win over compatriot Alok Kumar in the fiercely fought final, in Indore on Sunday.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Situated at a height of 15,200 feet above sea level, the pass sits on the top of a craggily formed Himalayan range that separates the Tibetan plateau from the Indian sub-continent.
While all champagnes are sparkling wines, not all sparkling wines are champagnes!, says Alok Chandra.
Wine is the only beverage that continues to change after bottling, and which after 20 or even 50 years can surprise, amaze and delight, says Alok Chandra.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Affordable pricing, a variety of themes, and the ease of transacting are among key reasons that have made smallcases a hit among young investors.
As Bangladesh completes 20 years in Test cricket, Norma Astrid Godinho picks nuggets about a cricket-passionate nation who no team can take lightly anymore.
'What Raamlaxmanji did with Sooraj Barjatyaji in Maine Pyar Kiya and Hum Aapke Hain Koun was beyond a miracle.'
The meeting came a day after the Shri Ram Janmabhoomi Teertha Kshetra, set up recently to oversee the construction of a Ram temple in Ayodhya, met for the first time on Wednesday.
The CBI action comes after the second in command in the CBI, wrote to Cabinet Secretary alleging that the businessman had paid CBI Director Alok Verma Rs 2 crore to get relief in the case.
Barring stray references such as the 'dual control' of banks and shifting the goalposts during demonetisation, he is not in a fault-finding mode with the government, notes Tamal Bandyopadhyay.
'Wine bars there are, in plenty, in Karnataka,' notes Alok Chandra.
In an interview with Ranju Sarkar, the founders of Stellaris Venture Partners -- Ritesh Banglani, Alok Goyal and Rahul Chowdhri -- share discuss their unique founder network and why they are bullish on India.
The panel's meet held on Wednesday remained inconclusive, they said, without giving further details.
In a curious move, Reliance Industries' (RIL) executive director and Mukesh Ambani's trusted aide PMS Prasad pledged 600,000 shares of the company last month, which is 93.75 per cent of the total shares he owns in RIL. Prasad owned a total of 640,000 RIL shares and his compensation stood at Rs 11.15 crore in FY20.
'These officers should have sat together and sorted things out.' 'And if things were not working out amicably then the other organisations which control the CBI -- be it the CVC or the prime minister's office or even the home ministry -- someone should have gone ahead and solved these problems rather than reducing it to this farcical situation.'
The Delhi Police on Tuesday said protesting farmers violated the conditions pre-agreed for their tractor parade and indulge in violence and vandalism, leaving 83 of its personnel injured.
Alok Arun, who is currently working on his PhD at the Station Biologique de Roscoff in France after winning the Erasmus Mundus -- Europe's biggest scholarship -- is also the only Indian to be part of a global genome project that he says will influence the life cycle of an organism.
A bench headed by Chief Justice S A Bobde questioned as to why Bassi has not joined his service at Port Blair, Andaman and Nicobar Islands, as per the transfer order.
In a communication, the ministry of home affairs told the Rajasthan chief secretary to send a report on the allegations of phone tapping, an official said. The chief secretary has been told to provide the details of the incident after two audio clips emerged, the official added.
The current up move, according to analysts, closely resembles the rally post the global financial crisis in 2008-09, not just in quantum and speed, but also the way small-and mid-cap indices outperformed large-cap peers.
India's economy is unlikely to see double-digit growth and may grow between 8 per cent and 9 per cent this fiscal year (2021-22, or FY22), against the estimated 11.5 per cent, according to leading economists and rating agencies. The downward revision of growth projections to as low as 10 per cent is mostly on account of stringency in restrictions by states, relatively slow vaccination pace, and the possibility of a third wave of the pandemic. However, they say the impact will not be as severe as the first wave, and expect the first quarter to see positive growth.
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