The Supreme Court on Friday upheld JSW Steel's Rs 19,700-crore resolution plan for debt-ridden Bhushan Power and Steel Limited (BPSL), bringing down curtains to a prolonged legal battle that spanned nearly eight years.
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 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.
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.
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 Supreme Court on Friday declared JSW Steel Limited's resolution plan for Bhushan Power & Steel Limited (BPSL) "illegal" and ordered the latter's liquidation, four years after the company was acquired by JSW Steel under the Insolvency and Bankruptcy Code (IBC). Following the ruling, JSW Steel shares fell sharply.
'It is a crisis of BJP's own doing. This is an in-house fire.'
The RSS which catapulted Jagdeep Dhankar to national prominence after 21 years of hibernation could not come to his rescue when BJP higher ups decided to seek his resignation, points out Prakash Bhandari.
President Droupadi Murmu on Saturday approved 139 Padma awards including seven Padma Vibhushans, 19 Padma Bhushans and 113 Padma Shris.
Much of the discussion is happening at a "family level, not a corporate level". That means it is an Ambani or a Goenka in direct talks with Johar.
In some states, many women voters had enrolled themselves by their relationship with the male members of their family instead of providing their own names.
Noted historian Bipin Chandra died on Saturday at his residence here after prolonged illness. He was 86.
The Congress alleged that the claims made by the ED against Baghel are part of a "conspiracy" hatched by the BJP to tarnish the Chhattisgarh chief minister's image and asserted that the people of the state would give a befitting reply to such tactics in the upcoming Assembly poll.
BIf you know this BJP, it will now go forward to Jharkhand and Maharashtra as if June 2024 never happened, notes Shekhar Gupta.
The home ministry on Thursday announced the Padma awards which included five Padma Bhushan, 17 Padma Bhushan and 110 Padma Shri.
Climate change, water, land won't be the only obstacle to India's growth prospects; water and land have an almost equal potential to derail things.
With all of the heavy lifting we have done over the past few years, I am confident that we are now well positioned to build on the Tata Group's unique legacy to steer the 21st century towards a more sustainable, connected, inclusive and efficient future: Chandra in email to staff.
A bench of Justices Sanjiv Khanna and Dipankar Datta issued notice to the Centre on a plea filed by an NGO, Association for Democratic Reforms, and listed the matter along with other pending petitions on the issue for hearing in April.
Whether it is the blunder over the glaciers or the linking of natural disasters to global warming, the IPCC's credibility has been badly hit. If this encourages laxity over global warming, that will be tragic.
Union Human Resource Development Minister Smriti Irani is headed to the Bahamas to attend a Commonwealth Education Ministers' meet where she is to address the main plenary session.
"Decision will be taken soon. The commission is examining the matter," highly-placed sources said.
EC officials said over 1 crore votes were counted till around 1.30 pm out of nearly 4.16 crore votes polled in the three-phase elections.
11 people died on Friday and some more were taken ill after allegedly consuming spurious liquor sold by a licensed vendor in Aligarh, a senior official said.
Here is the complete list of ministers in Modi 3.0 and their portfolios:
A financial turnaround in Tata Steel and Tata Motors has come as a shot in the arm for Chandra.
The last Bharat Ratna award was conferred upon Pranab Mukherjee in 2019 and was posthumously awarded to Bhupendra Kumar Hazarika and Nanaji Deshmukh. The award was not given to anyone between 2020 and 2023.
Till now, the maximum Bharat Ratnas were awarded in 1999 when four recipients were given the coveted award.
With election campaigning by political parties ending in the next two days, the Election Commission has directed all multiplexes and theatres in the city to play its theme song on to motivate the voters ahead of the polls.
At the end of 2018-19, the Tata group had a consolidated debt of Rs 2.77 trillion. Tatas not only plan to avoid big-ticket acquisitions for now, the group's main focus will be on improving key metrics and reduce debt, say Shally Seth Mohile & Dev Chatterjee.
I suggest we build a Vigyan Mandir (Temple of Science) with the ambience of a place of worship, so that it becomes a destination for pilgrims. We should embed on its walls bronze plaques describing each scientist mentioned here along with about a dozen of our ancient mathematicians, recommends Professor Kalyan Singhal, historian of science and technology.
A bench of justices Sanjiv Khanna, Dipankar Datta and Augustine George Masih told the petitioners, who pointed out that a meeting for the selection of ECs was pre-poned, to file a separate application pointing out the fact.
Will the external affairs minister's foreign travels end up affecting his chances at the hustings?
Samajwadi Party patriarch Mulayam Singh Yadav is among six personalities chosen for this year's Padma Vibhushan.
IFFI hosted a screening of Ajay Devgn's big hit Drishyam 2, along with premieres of other Hindi films.
According to the latest report from Stranded Workers Action Network (SWAN), a voluntary effort started in March 2020 to mobilise relief for stranded migrant workers, almost 92 per cent workers, whom the group contacted between April 21 and May 31, had not received any money from their employer. This was after restrictions were imposed and work had stopped. The survey, which was conducted among 1,396 worker groups, adding up to 8,023 people that included 4,836 women and children, showed that 76 per cent of the workers had less than Rs 200 left with them.
The death toll in the Aligarh hooch tragedy went up to 22 on Saturday, and 28 more people are still in critical condition, an official said in Aligarh.
On the other hand, the group's two traditional cash cows, TCS and Tata Motors' subsidiary Jaguar Land Rover, are slowing as other businesses pick up pace
The Supreme Court on Wednesday asked the Centre to produce before it the file related to the appointment of Election Commissioner Arun Goel, who was appointed on November 19.
Deputy Election Commissioner in charge of Bihar Chandra Bhushan Kumar said two-third or 2.7 crore votes of the total over 4 crore polled in electronic voting machines in the three-phase polls have been counted till 5.30 pm.
The government is unhappy with the wrestlers' behaviour and will not reconstitute the oversight committee formed to probe the sexual harassment charges against WFI president Brij Bhushan Sharan Singh.
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