The new board will have to provide the NCLT a road map for turning around the company by October 31, which, Kotak said, is challenging, given that the company's issues represent a "moving target"
'While overall this is a face saving deal just before the BRICS meeting in Xiamen, any forward military movement at Doklam once again could bring the two Asian giants at loggerheads,' says China expert Srikanth Kondapalli.
A special court on Thursday acquitted all accused in the 2G spectrum allocation scam cases. The scam relates to the granting of 2G spectrum licence allocations in 2007-08 which caused, according to a report by the Comptroller and Auditor General of India, a loss of Rs 1.76 lakh crore. Here is a detailed timeline of how the case came to light and how it has progressed over the years:
'In May 2014, India got its Donald Trump equivalent as prime minister in the form of Narendra Modi. Come 2016, we will know if America too gets its own version of Modi by electing Trump,' says Shehzad Poonawalla.
Veteran cricket administrator Inderjit Singh Bindra on Tuesday said that renowned banker Vikram Limaye should take the lead in representing BCCI in the upcoming International Cricket Council's meeting on February 4.
Government auditor CAG has flagged "undue favour" to Wipro Ltd by UIDAI.
Employees Provident Fund Organisation is likely to issue permanent account numbers to employees.
De-allocation could raise import bill by $3 billion, add to coal shortage.
Chidambaram said he feels that Dassault 'is laughing all the way to the bank', as the NDA government gave a 'gift'.
Typically these are high-beta stocks and earnings are volatile
A lot of the factors towards which the government has pointed to justify its moves on Jammu and Kashmir are in fact valid. Only, most of them have little to do with Article 370, says David Devadas.
The four officials were asked questions related to the UPA government's '20:80' gold import scheme, which was cleared by Chidambaram on May 13, 2014, barely three days before the counting of votes of the general election
Past experience shows loan waivers benefited only 30% of India's farmers; here again, the richer cultivator skimmed the cream, leaving very little for his poorer brethren.
'As someone who has had the opportunity of cross examining Vinod Rai, extensively over three days as part of the Joint Parliamentary Committee, many of us included I had concluded at that point of time that this report rests on the foundation of sand.'
'Two days notice for the Janata Curfew.' 'Two-and-a-half days notice for lighting candles, but a mere four-hour notice for the lockdown without taking state governments into confidence.'
The MoD panel had submitted its report in March 2015, weeks before Prime Minister Narendra Modi announced that India would procure 36 jets.
The PAC, headed by Congress lawmaker K V Thomas, is keen to find out the details of huge loans given by the banks to corporates including the basis on which such favours were extended.
The Mumbai-based brokerage has constructed India Family Firm Index out of listed companies.
Dr Manmohan Singh's role in the sordid saga of the Coal Allocation Scam was always Delhi's worst-kept secret; calls for his interrogation will mushroom after he was named by P C Parakh, says T V R Shenoy.
The Supreme Court had cancelled 204 such allotments.
In their review plea, they alleged that the judgment "relied upon patently incorrect claims made by the government in an unsigned note given in a sealed cover" to the apex court.
Less than nine per cent of Chhattisgarh households got jobs for 100 days under Mahatma Gandhi National Rural Employment Guarantee Act during 2007-08 to 2011-12, a Comptroller and Auditor General report tabled in the assembly on Wednesday said.
'He (Modi) thinks as if he is a tiger, and the only one who is right,' Mamata said.
The Congress, which was not a petitioner before the apex court, wants the Rafale deal to be referred to a Joint Parliamentary Committee to go into the price arrived at by the BJP government versus the one negotiated by the previous UPA regime, as also how billionaire Anil Ambani's group with virtually no experience in manufacture of fighter jets was selected as an offset partner for the deal.
Instead of only government departments and state-owned undertakings, the CAG can now audit private companies, too.
The Universal Service Obligation fund was set up in April 2002 and a statutory status was given to it.
Reports by CAG earlier on the 2008 telecom licence scam had resulted in the cancellation of 122 licences.
As industrialist Vijay Mallya fights his wilful defaulter tag, former CAG Vinod Rai has said Kingfisher Airlines' loan default is just a "trickle" and the overall problem of huge bad loans at public sector banks can be blamed on 'cronies' using connections to borrow money.
The CAG had taken a strong objection to the long delays by the BRO in constructing 61 strategically important roads.
The airports were refurbished at the cost of Rs 2,325 cr and Rs 2,015 cr respectively but there have been various complaints.
Congress may give a privilege motion notice against the prime minister and Sitharaman.
CBI officials, who questioned former RBI deputy governor H R Khan on Friday, wanted to understand from him why the gold scheme was rushed through without taking into the account the impact and potential misuse.
He also said that Bharatiya Janata Party MP Subramanian Swamy has not lied about the deal but it seems he has been misled.
India will finish their home series against Sri Lanka on December 24 before leaving for South Africa on December 28. They are scheduled to play a two-day warm-up tie starting on December 30 before taking on South Africa in the first Test on January 5.
The Supreme Court on Tuesday dismissed the Board of Control for Cricket in India's petition seeking review of the court verdict validating Lodha Panel recommendations.
It observed that there is no record of the money meant for the welfare of construction workers.
An expert committee has recommended to Defence Minister Manohar Parrikar that supply of equipment need not be blocked even if bribery charges emerge.
Baijal also ordered an inquiry into the spendings on advertisements projecting Chief Minister Arvind Kejriwal and his party and asked the chief secretary to fix responsibility.
Air India's former executive director Jitender Bhargava feels the airline should oppose the Tata-Singapore Airline plan to set up a hub in Delhi.
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