JSW Steel Ltd (JSTL) has announced a restructuring that unlocks value from Bhushan Power & Steel Ltd (BPSL) and changes the balance-sheet. JSTL will do a slump sale of 50 per cent stake in BPSL to Japan's JFE Steel in two equal tranches, totalling Rs 15,700 crore in cash.
In a significant development, the Supreme Court on Thursday recalled its controversial May 2 verdict that had ordered liquidation of Bhushan Power & Steel Limited (BPSL) while setting aside a resolution plan of JSW Steel Limited for the ailing firm. A bench comprising Chief Justice B R Gavai and Justice Satish Chandra Sharma observed that the May 2 judgment, authored by Justice Bela M Trivedi, since retired, did not "correctly consider the legal position as has been laid down in the catena of judgments".
The government aims to cover around 60 million people in the age category, irrespective of income, with an assured 5 lakh annually to be shared within the family.
The Centre informed the Supreme Court that the Air India pilot has not been blamed in the AAIB's preliminary report into the June 12 plane crash that claimed 260 lives. The court is hearing a plea for a parallel inquiry into the accident.
The Brihanmumbai Municipal Corporation (BMC) has issued stop-work notices to 53 construction sites for contributing to air pollution in Mumbai. The civic body has also directed strict adherence to air pollution guidelines, including the use of AQI monitoring sensors. The Bombay High Court has also addressed the issue of air pollution in the city.
Justice Surya Kant, who was elevated as a judge of the Supreme Court on May 24, 2019, would have a tenure of over 1.2 years as the CJI. He is due to retire on February 9, 2027.
Outgoing Chief Justice of India BR Gavai defends the Supreme Court's verdict on governors' powers, emphasizing the principle of separation of powers and judicial independence.
Justice Surya Kant has been appointed as the 53rd Chief Justice of India, succeeding Justice Bhushan R Gavai. He will assume office on November 24 and serve until February 9, 2027.
The Supreme Court's opinion on the presidential reference can impact on any number of cases if and when governors, if not the President, take a literary view of the Supreme Court's 'ppinion' on their 'discretionary powers' without reference to the rider on 'reasonable time', points out N Sathiya Moorthy.
The Supreme Court is examining the validity of the Election Commission's decision to conduct special intensive revisions of electoral rolls in several states, focusing on concerns about democratic participation and the burden on ordinary voters.
It was an evening soaked with pride, nostalgia and emotion at Eden Gardens on Saturday as Bengal's first-ever World Cup-winning cricketer Richa Ghosh was felicitated in a grand ceremony that brought together Sourav Ganguly, Jhulan Goswami and Chief Minister Mamata Banerjee on one stage.
Chief Justice of India Bhushan Ramkrishna Gavai retired, reflecting on his career, commitment to the Constitution, and social justice.
'I have always broken my image every time I went on screen. I don't know what it means to be a Greek God but people used to call me one.'
The Congress party has released its initial list of 48 candidates for the upcoming Bihar Assembly elections, including key state leaders. The announcement precedes the finalization of seat-sharing arrangements with Mahagathbandhan allies.
The ruling National Democratic Alliance on Friday secured a thumping majority in the Bihar Assembly, winning 202 seats in the 243-member House, as results for all the constituencies were declared by the Election Commission.
10 things you must know about the most famous foreign correspondent in India who made Bharat his home.
The Supreme Court has criticized the selective publication of a preliminary report on the Air India crash, calling it 'unfortunate and irresponsible'. The court raised concerns about privacy, dignity of victims' families, and the potential for biased narratives.
The Supreme Court has requested the Election Commission to respond to petitions challenging the Special Intensive Revision of electoral rolls in Tamil Nadu and West Bengal. The court has also asked the Madras and Calcutta High Courts to keep proceedings on similar petitions in abeyance.
The West Bengal government has transferred over 500 bureaucrats ahead of the Special Intensive Revision (SIR) of electoral rolls. The move has drawn criticism from the opposition BJP, who allege it is an attempt to manipulate the electoral process.
Assam Chief Minister Himanta Biswa Sarma has instructed police to register a treason case against Congress leaders for allegedly singing the Bangladesh national anthem at a party meeting. The move has sparked controversy and accusations of disrespect towards India's national anthem.
Justice Ujjal Bhuyan, who is sharing the bench, differed with the course of action adopted against the errant lawyer, and said, "I have my own views on this, he is the CJI, it is not a matter of joke!"
Prime Minister Narendra Modi condemned the attempt to hurl a shoe at Chief Justice of India B R Gavai in the Supreme Court and praised the CJI's calm demeanor following the incident.
The Supreme Court has directed the Election Commission to address typographical errors and other mistakes in the final Bihar electoral roll. The court will hear further arguments on November 4.
Over 70 scientists, environmentalists, and former bureaucrats are urging the Indian government to reconsider the Great Nicobar Island project, citing environmental and social concerns.
From demonetisation to sub-categorisation of Scheduled Castes to bulldozers, Justice Gavai has been part of several judgments.
The Supreme Court declined to initiate contempt action against a lawyer who hurled a shoe at the Chief Justice of India, citing the CJI's own refusal to proceed against him. The court is considering guidelines to prevent such incidents.
However, according to the latest developments, the WFI have now returned to Brij Bhushan's house after their failure to get a new premise because of the ban imposed by the Sports Ministry.
The Supreme Court's ruling in the BPSL case exposes deep flaws in the IBC's institutional framework and raises concern about judicial overreach, notes Rajeswari Sengupta.
Renowned classical vocalist and Padma Vibhushan Pandit Chhannulal Mishra passed away at the age of 89 after a prolonged illness. He was an exponent of Hindustani classical music and the Banaras gharana.
The Supreme Court has directed the Election Commission to provide details regarding the 3.66 lakh voters excluded from Bihar's final electoral roll after a Special Intensive Revision (SIR) exercise. The court's direction came after concerns were raised by petitioners about the lack of notice or reasons given to the excluded voters.
Filing of nomination papers ended on Monday for the second and final phase of Bihar assembly polls, with the opposition Indian National Developmental Inclusive Alliance (INDIA) appearing fractured, as constituents would end up fighting each other in a number of seats.
The Mumbai civic body collected 508 tonnes of 'nirmalya' from natural water bodies and artificial ponds after the Ganesh festival. Akshay Kumar and Amruta Fadnavis participated in a cleanliness drive.
The Election Commission defended its Special Intensive Revision (SIR) exercise for Bihar's voter list in the Supreme Court, calling it accurate and dismissing allegations of impropriety by political parties and NGOs.
The Supreme Court has questioned the central government about the possibility of constructing a border wall to prevent illegal immigration, drawing parallels with the US border policy. The court also addressed concerns about the detention and deportation of Bengali-speaking migrant workers.
The venue for the Filmfare Awards shifted to Ahmedabad last weekend, and stars dazzled on the red carpet and on stage.
The Supreme Court has raised concerns about the preliminary report on the Air India crash and has asked for a more independent and thorough investigation.
The Supreme Court has directed the Bihar State Legal Service Authority to assist voters excluded from the final electoral rolls in filing appeals with the Election Commission.
The Competition Commission of India (CCI) on Monday told the National Company Law Appellate Tribunal (NCLAT) that no internet intermediary could come close to WhatsApp in terms of revenues as well as assets.
A lawyer allegedly attempted to throw a shoe at Chief Justice of India BR Gavai during court proceedings. Security intervened, and the lawyer was removed from the premises. The CJI remained composed and continued with the proceedings.
Chief of Defence Staff General Anil Chauhan says the Indian Air Force would have slowed the Chinese offensive considerably during the 1962 War.
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