With real estate valuations falling and other deals coming unstuck, the current management's improved target faces significant challenges.
Setting up of an Appellate Sports Tribunal and a Sports Election Commission and provisions to bar charge-sheeted persons from contesting elections are some of the salient features included in the Draft National Sports Development Bill 2013 which was presented to the government on Wednesday.
The income tax (IT) department seems to have quietly thrown a spanner in the works on the Securities and Exchange board of India (Sebi)'s two-year-long efforts to implement the Supreme Court order against the two Sahara group firms Sahara India Real Estate Corporation (SIRECL) and Sahara Housing Invest Corporation (SHICL).
'This issue is related to national security because they were compromising the entire capital markets's core infrastructure by leaking confidential information.' 'What would have happened if the servers had come down?' 'Or some confidential information leaked to terrorists who could have knocked out our capital market?'
More punitive action was needed against the company and the management, say experts
The Supreme Court on Thursday transferred to the Central Bureau of Investigation the probe into multiple cases against former Mumbai police commissioner Param Bir Singh over allegations of misconduct and corruption.
Now with the Prime Minister insisting on quick resolution of all pending grievances, it is highly likely that all backlogs of complaints will be resolved very soon.
The tribunal posted the matter for further hearing in December, when it will decide whether to admit the pleas of the Raju brothers and others against Sebi order.
Central banking is a science, not an art, Tamal Bandyopadhyay tells RBI Governor Shaktikanta Das.
During a series of hectic talks between Cairn Energy and the Indian government over the $1.2-billion arbitration award in favour of the former last week, a slew of options was proposed by the two sides, including computation of capital gains and participation in the Vivad se Vishwas (VsV) dispute resolution scheme. The government is likely to go ahead and appeal against the arbitration award by a Permanent Court of Arbitration at The Hague before March 21, indicated finance ministry officials. Cairn Energy Plc on Sunday said it was hopeful that an acceptable solution to its tax dispute with the Indian government could be found to avoid prolonging and exacerbating the 'negative issue' for all parties.
Laws in several states are inconsistent with the model Bill passed by Parliament.
Between 2011 and 2014, they indirectly determined the price of tyres in the market, says report
Broadcast tribunal Telecom Disputes Settlement and Appellate Tribunal asked Sun Tv on Tuesday to produce a copy of the stay order granted by Madras high court on its interim order directing it to share signals with direct-to-home operator TataSky.
Reliance Infocomm violated the licence conditions by evading levy through illegally routing international calls as local ones, the government on Monday told the telecom tribunal.
A bench of Chief Justice Ranjan Gogoi and Justice S K Kaul said the case will be heard on January 8.
Changes in threshold not to have a significant revenue impact, say officials
Promoters and top executives intending to buy or sell shares of their companies might soon have to inform the market well in advance for such transactions.
The tribunal, which had concluded its hearings on two petitions from RIL on January 6 and reserved its order for an unspecified date, set February 24 for the next hearing.
The momentum created by the landslide victory of the ruling party should be utilised to carry forward reforms in the legal field, says M J Antony.
Has the Modi government been more at odds with institutions than other governments? There is no doubt that there have been more run-ins. While the RBI and CBI cases have drawn attention, there have been others, less publicised, Subhomoy Bhattacharjee points out.
The infra-major going belly up cracked open some major flaws in the system - the most evident being weak corporate governance and how layers of corporate structures could be formed adding to the opaqueness of the group.
The Delhi high court on Friday stayed the Centre's eviction notices to two Congress members of Parliament and ex- ministers, Ambika Soni and Kumari Selja.
When powers vested by the Finance Bill 2017 begin to get mildly used, fellow Indians living in the corporate bubble will get a faint whiff of what life can be like when you run a grocery store in the streets of Kashmir or the North East.
The allegation against Khan is that he had applied to purchase the agricultural land for farming but constructed a farmhouse for personal use instead.
DLF has launched a mega discount sale of its properties.
If a house is sold and the proceeds are used to buy another, whoever contributed to the purchase of the first house can claim exemption on capital gains tax
The second-longest serving chairman introduced quite a few measures for the primary market and implemented a new corporate governance framework.
The agency's poor track record in convictions is the only light at the end of a rather long tunnel for the couple, observes Shyamal Majumdar.
Amount more than twice the size of Sahara's; collective investment scheme operator has 3 months to return money and wind up.
'Tinkering will not do. Merely staggering spectrum dues comes nowhere near solving the problem,' cautions Rahul Khullar.
Cooperative societies get more tax benefits as compared to individual house owners.
Finance Minister Arun Jaitley said Sebi would develop new products in the commodity derivatives space apart from taking steps to deepen the corporate bond market.
Vodafone's long-pending tax dispute with the government might be heading for a resolution, with the finance ministry considering changing the Income-Tax Act's retrospective amendment and taxing indirect transfer of assets prospectively from 2012, the year the law was clarified.
It was in 1989, 39 years after the setting up of the Supreme Court in 1950, that Justice M Fathima Beevi was appointed. Meet the brilliant legal minds who have shattered the glass ceiling since then.
As corporate India gears up to be GST-ready, the ongoing litigation and tax dispute cases are something most businesses are cagey about.
Taking action against promoters of Gillette India for non-compliance to minimum public holding norms, Sebi on Friday ordered freezing all corporate benefits arising out of their stake in the company.
While passing the scrutiny of courts is a tough challenge, with eight proposed amendments to the insolvency law, the government has sought to turn the focus back on at least some of the functions of the bankruptcy law.
Pearl, the 38-year-old South Asia bureau chief for The Wall Street Journal, was abducted and beheaded while he was in Pakistan investigating a story on the alleged links between the country's powerful spy agency Inter-Services Intelligence and Al Qaeda.
In its judgment the tribunal said that all the accused entities should be given a chance for hearing, besides asking Sebi to establish whether these entities have made any unlawful gains through the IPO scam, which saw several entities cornering huge allotments during initial share issuances by applying for shares through thousands of illegal accounts.
Finance firms in these SEZs likely to get tax breaks.
