'It was Parrikar's sharp insights into finance and international systems that stood out when India --at his suggestion -- decided to procure the Rafale combat jets from France.'
The probe agency sought nine days further remand of Michel for his custodial interrogation saying he was not cooperating in the investigation of the case.
Naomi Osaka's run-in with the tennis authorities shines a light on just how poorly the world tennis bureaucracy is equipped to deal with a young superstar confronted with mental health issues, says Suhit K Sen as Osaka drops out of Wimbledon 2021.
A Delhi court on Saturday sent former Air Force Chief S P Tyagi, arrested in Rs 450 crore Agusta Westland bribery case in procurement of 12 VVIP helicopters, to police custody for four days after the CBI said he was needed to be quizzed to unearth a "very large conspiracy having international ramifications".
Other than breach of contract, a case for criminal negligence can also be made out in such a situation
Piyush Goyal, who held the post of finance minister when Arun Jaitley was undergoing treatment, told the Confederation of Indian Industry's annual session: "All stakeholders, including the RBI, should introspect on their respective roles (on low economic growth)."
News of all that's transpired on and off the football field
Vodafone's operating loss from India business jumped to 692 million euros in April-September from 133 million euros in the same period last year.
Listed entities would have to co-operate with intermediaries registered with Sebi such as debenture trustees and credit rating agencies
Some workers in India were also make to work on Sundays and national holidays "in sweltering heat, without adequate supply of clean drinking water or any breaks".
The fragmentation of politics and the pressures of coalition management have contributed to a near-secular rise in budgetary social expenditures and spending on subsidies since 1991, leaving little fiscal space for government-led capital investment.
Default in payment of royalties to McDonald's India for nearly two years was the key reason behind the fast-food chain's decision to terminate franchise agreement
An airport in Noida could lead to higher user fees and diversion of traffic from Delhi, which has huge unused capacity.
'Tinkering will not do. Merely staggering spectrum dues comes nowhere near solving the problem,' cautions Rahul Khullar.
The defence sector is seeing renewed interest by Indian corporates, says Jyoti Mukul
Still, there remains a worrying shortfall of frigates, which are the navy's workhorses. 'We need to have at least 24 frigates,' says a senior admiral. 'Currently we are 10 short.'
The government has slapped an additional penalty of $792 million on Reliance Industries for producing less than targeted natural gas from its eastern offshore KG-D6 block.
Compliance costs and legal scrutiny could rise.
'Flush with funds, lending became a cash management exercise.' 'Road projects, power generation plants, airports etc were financed left and right with apparently no regard for the projects' ability to repay,' explains S Muralidharan, former managing director, BNP Paribas.
Contract workers are paid much less than regular workers. This year's Economic Survey estimates wages are on an average 20 times higher in the formal sector than in the informal sector. Arindam Majumder reports.
The civil services seem to have gone sour under the NDA government. Ministers exercise executive power in a partisan manner. Consequently, a regime of favouritism holds sway over the corridors of power, feels Ram Ugrah.
A strike could hit West Indies' tour opener against India on Wednesday due to a row between leading West Indies players and their own union.
Here is the full text of the joint statement issued by India and the US.
Sahara and its founder Subrata Roy have been under scrutiny for years over its financial products, including for possible money laundering.
Over the years, pravasis have become a constituency, to be tapped, cultivated, and honoured, or at the very minimum to be listened to, says Ambassador B S Prakash.
Admittedly, EVMs too have a UID number and any convergence of data can make the secret ballot system a party of history, warns Dr Gopal Krishna in the 5th part of his series against Aadhaar.
Apollo and Cooper are yet to make the customary rounds of courts to settle termination charges and break-up fees, but the mood already is buoyant among institutional investors who had red-flagged the highly leveraged transaction agreed upon by the Indian company.
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