Debt-ridden mortgage firm DHFL's shares would be delisted from stock exchanges post acquisition by Piramal Capital and Housing Finance, which has emerged as the successful bidder for the company. As part of resolution process under the Insolvency and Bankruptcy Code (IBC), lenders led by Union Bank of India in January this year favoured the bid by Piramal Capital and Housing Finance to take over the beleaguered housing finance firm. According to sources, shares of DHFL would be delisted post acquisition as per the IBC guidelines and Sebi delisting norms.
The committee headed by Planning Commission Member B K Chaturvedi would be submitting its report to the Prime Minister by Thursday. Sources said the committee proposes to introduce an exit clause for the lead partner in a special purpose vehicle for any project besides relaxing the termination norms.
A team will look into the deal between Antrix Corporation and a private company for lease of S-band spectrum.
Bankruptcy court NCLT on Tuesday allowed billionaire Anil Agarwal's Twin Star Technologies to take over Videocon Industries Ltd for about Rs 3,000 crore. Twin Star, a part of Vedanta Group, will pay around Rs 500 crore within 90 days as upfront payment and the rest as non-convertible debentures over a period of time. A two-member Mumbai bench of the NCLT comprising members - H P Chaturvedi and Ravikumar Duraisamy - approved the resolution plan by Twin-Star Technologies.
Trinamool Congress floor leader Derek O'Brien was suspended from the Upper House of Parliament on Tuesday for the remaining part of the Winter session after he threw a Rajya Sabha rule book at the Chair.
Nilanshu Chaturvedi polled 66,810 votes, while Bharatiya Janata Party rival Shankar Dayal Tripathi got 52,677 votes.
The Congress Working Committee meeting witnessed Union Agriculture Minister Sharad Pawar being targetted by senior Congress leaders on the issue of spiraling price rise. The three leaders who attacked Sharad Pawar but did not name him were former maharashtra chief minister Vilasrao Deshmukh, All India Congress Committee general secretaries R K Dhawan and Satyavrat Chaturvedi.
Indian Police Services officer K Durga Prasad will no longer hold the charge of chief of the elite Special Protection Group.
More than a year after playing a key role in installation of a Bharatiya Janata Party government in Madhya Pradesh, Jyotiraditya Scindia was rewarded with a berth in the Union Cabinet, a familiar terrain for the Rajya Sabha member who had served as a junior minister in the Congress-led United Progressive Alliance government.
Replying to a query in Rajya Sabha, Finance Minister Nirmala Sitharaman said there was no delay by the Centre in taking action after identification of fraud by the State Bank of India following the forensic report from Ernst & Young.
Finance Minister Nirmala Sitharaman on Monday conveyed to Infosys CEO Salil Parekh in no uncertain terms the government's "deep disappointment and concern" over the continuing glitches in the new income tax filing portal and set September 15 as the deadline for the software major to resolve all snags. As glitches continued to mar the functioning of the portal even after over two months of its launch, Sitharaman summoned Infosys MD & CEO Parekh at her office here to know the reasons for not resolving the snags in the portal. A statement issued by the Income Tax Department said that during the meeting the finance minister emphasised that there is a need for putting in more resources and efforts on the part of Infosys so that the much delayed delivery of agreed services is ensured.
The Reserve Bank on Friday approved the transfer of Rs 99,122 crore as surplus to the central government for the accounting period of nine months ended March 31.
The Lokpal Bill is likely to be introduced in Rajya Sabha on November 29, according to a highly-placed source. The Congress Party's confident manner towards the approaching winter session indicates the party's decision to use the bill as a political weapon to ensure that the Bharatiya Janata Party refrains from disrupting Parliament sessions.
Priyadarshini Scindia, wife of sitting Guna MP Jyotiraditya Scindia, started campaigning in February, going door-to-door, reaching out to a cross-section of voters, listening to their woes and telling them about the work done by her better half.
At present, India has 56,999 fuel outlets. Of those, only 6,276 are owned by private companies
PMO's stance came as part of a reply to the whistle-blower forest officer, Sanjiv Chaturvedi, after he dragged the PMO to the Central Information Commission for denying information under the RTI Act.
If the reforms are implemented, multi-brand retail majors such as Future Group and Reliance Retail might enter the fuel retail space.
The panel has been asked to analyse the cash flows and the profitability of all three groups of companies so as to get a clear picture of the changes taking place in their operating positions, particularly the impact on access to credit and cash availability of their operations. It would also revisit the concept of 'under recoveries' and examine the reported deficit and the real deficit faced by oil marketing companies as a result of price constraints imposed on them.
While the Management Committee of KG-D6 block in August agreed to approval of capital spending plans pending for past three years, the resolution has so far not been signed.
The eight-member committee set up to look into new subscriber-base norms for spectrum allocation has left it to the Department of Telecom to consider either the recommendations of the Telecom Regulatory Authority of India or Telecom Engineering Centre, DoT's technical wing.
The Rajya Sabha Select Committee, chaired by Congress leader Satyavrat Chaturvedi, will have its first meeting in New Delhi on Monday to narrow down differences among political parties on the Lokpal and Lokayuktas Bill.
Gully Boy", produced by Ritesh Sidhwani and Farhan Akhtar, featured Ranveer as an up-and-coming rapper who sets out to achieve his dream by rhyming about his life on the Mumbai streets.
Rahul Gandhi's name does not figure for any organisational post.
The appointments committee of the Cabinet headed by Prime Minister Narendra Modi cleared Bhalla's appointment as OSD in the ministry with immediate effect.
The National Company Law Tribunal (NCLT) has approved the resolution plan of Twin Star Technologies -- a promoter entity of the Vedanta Resources group -- for the Videocon group. But it has pointed out that the successful resolution applicant is "paying almost nothing" as the amount offered is only 4.15 per cent of total outstanding claim. It noted the hair cut for all the creditors is 95.85 per cent and suggested to both committee of creditors (CoC) and the successful applicant an increase in the payout.
'The Himmatsinghji Report is still 'missing'.' 'It is a great loss for the knowledge of India's borders.' 'It would have an immense value at a time China is bound to shift its attention to other border fronts in the Himalayas,' notes Claude Arpi.
The Ganga agitation and the question of preserving the Himalayan ecology has become a deadly cocktail of politics and religion. Behind the scene, of course, at play are powerful business interests. What is needed is an independent scientific assessment of the problem and preparation of a blueprint for preservation of the Himalayan rivers and associated ecology, says Dinesh C Sharma.
The career bureaucrat-turned-central banker walked into the 19th floor corner room of the Reserve Bank on December 12, 2018. Since February 2019, the Das-led RBI has cut the repo rate by a whopping 135 basis points to support the sagging growth, including an unprecedented 35 bps reduction in August. As he completes one year at the helm, woes in the NBFC sector, overall health of the banking sector and steeply falling economic growth are among the major challenges that needs to be tackled sooner than later.
However, Chief Minister Vasundhara Raje and her five cabinet colleagues have won their respective constituencies.
Former India captain Sourav Ganguly steered clear of giving an opinion on the Lodha Committee's reforms, which have been made binding by the Supreme Court, saying it is for the Board of Control for Cricket in India to decide.
The differences revolved around the two topics of how much reserves the RBI should carry and whether the finance ministry had precipitated matters by invoking Section 7 of the RBI Act, that allows it to give directions to the RBI in public interest.
Some parties, including the Congress, also demanded immediate sacking of Union Minister of State for Home Ajay Kumar Mishra, following Samyukt Kisan Morcha's allegation that his son was travelling in one of the vehicles involved in the incident.
After two and a half months of taking oath, MP Chief Minister Shivraj Singh Chouhan has many challenges before him. The first is to tackle the Covid-19 pandemic, which has affected more than 10,000 people in the state. But The political challenges are even more daunting, reports Sandeep Kumar.
The move, if accepted, will help resolve nearly one-third of the 1,200 cases on payments pending in various courts in the country.
The room for political manoeuvre to raise petroleum prices is the highest at this point in time, says Business Standard.
Dev also attacked Narendra Modi government for imposing '12 per cent' GST on sanitary napkins, which she said 'runs contrary' to the government's 'Beti Bachao Beti Padhao' campaign.
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Financial Technologies (India), has made a loan of Rs 225 crore to NSEL.
Looking at pictures from the event.
The government has set up a committee to work out sharing by producers and retailers the losses likely to accrue from the decision to freeze LPG and kerosene price for a year despite rising cost.\n\n\n\n
