Three big cities in the country -- Delhi, Mumbai and Bengaluru -- witnessed huge spike in daily COVID-19 cases on Wednesday even as Delhi health minister Satyendar Jain claimed hospital admissions have stabilised indicating the current coronavirus wave peaked and cases may start declining soon.
Chinese Foreign Minister Wang Yi arrived in India Thursday evening in the highest-level visit between the two countries after the ties came under severe strain following the eastern Ladakh standoff nearly two years ago.
The Reserve Bank has revoked the deposit-taking status of Dewan Housing Finance (DHFL), the first financial services firm to go for bankruptcy proceedings, and has reclassified it as a non-deposit taking housing finance company, before approving the Piramal group's bid to take over it towards the end of the resolution process. The revelation comes in the June 7 NCLT Mumbai order that has approved the Rs 35,250-crore bid for the once second largest mortage lender by Piramal Capital & Housing Finance, forcing over 65 per cent haircut on the creditors and just Re 1 to its NCD holders to whom it owes more than Rs 45,000-crore. On the 14th page of the 86-page NCLT order by HP Chaturvedi and Ravikumar Duraisamy, it says DHFL no longer is a deposit taking NBFC but a non-deposit taking one.
The United States officials in Afghanistan naively handed the Taliban a 'kill list' to target Afghans who aided American forces in the country, according to a media report.
Zee Entertainment last week witnessed shareholder activism that saw an open call for the ouster of promoters and the incumbent management led by Punit Goenka. Besides, Dish TV also faced a similar call earlier this month. The trouble at Zee Entertainment can be gauged from the fact that this is a unique company wherein the promoters own just 3.99 per cent, but fully control the firm.
A consortium of lenders led by State Bank of India (SBI) has agreed to provide loans to Tata Group for the smooth operations of loss-making Air India. Tata Group, which won the bid to acquire the national carrier along with Air India Express and 50 per cent stake in AISATS in October last year, is expected to formally takeover the airline on Thursday. Sources said the SBI-led consortium has agreed to grant both term loans and working capital loans depending on the airline's requirements. All large lenders, including Punjab National Bank, Bank of Baroda, and Union Bank of India, are part of the consortium, they added.
Indian citizens in Eastern China Region may apply at the Embassy of India, Beijing for availing urgent consular services, the Consulate said in a notice issued on Tuesday.
While Nifty 50 reflects changes in 40 years, it also shows what is missing: Low-cost manufacturers at one end, and deep-value players at the other. Also missing are technology players, observes T N Ninan.
As Delhi hospitals faced a severe oxygen crisis for the third consecutive day, the DDMA roped in three senior bureaucrats on Thursday to ensure a smooth movement of tankers and facilitate oxygen supply to the needy establishments, and directed the police to provide the security logistics from the manufacturers' sites to various health facilities in the city.
Wang said that the situation in Ukraine has changed rapidly and that China laments the outbreak of the conflict between Ukraine and Russia and is 'extremely concerned' with the harm to civilians, China's state-run Xinhua news agency reported.
The genesis of the arbitration lies in a bitter public battle that began in July when Rakesh Gangwal wrote to capital market regulator Sebi alleging lack of corporate governance in the company. He alleged that Rahul Bhatia, who holds controlling power of the company, had used it to execute questionable related-party transactions.
The government was also faced with problems on its balance of payments. It took steps to conserve declining foreign exchange reserves, and began to regulate the production, supply and distribution of gold. It banned forward trading in the yellow metal in November 1962, and introduced gold bonds as well, reveals the RBI's annual report for the year ending June 1963.
Reserve Bank Governor Shaktikanta Das on Wednesday said the country is at the doorstep of economic revival on the back of accommodative monetary and fiscal policies being pursued by the central bank and the government.
New Zealand Cricket (NZC) chief executive David White has confirmed that Kiwi players involved in the Indian Premier League (IPL) 2021 would be allowed to re-join their franchises and complete the competition when it re-starts in September.
Markets are assuming that by the second half of 2021, the world will be approaching some type of normalcy, points out Akash Prakash.
Why can't we have a sunset clause for the ARCs, which is a global norm? questions Tamal Bandyopadhyay.
Former Congress president Rahul Gandhi on Sunday accused Prime Minister Narendra Modi and the Bharatiya Janata Party of weakening the country by spreading fear and hatred, and said only the Congress can unite the country and take it to the path of progress.
Speaking to ANI, a Board official said the comments are 'immature' and also pointed that the Indian government has already made its policy clear when it comes to handing visas to players for international sporting events.
"Just because some political figures are involved, you will not investigate, we will not allow this," said the court adding that it would have appreciated if the police had enquired into specific allegations levelled against each person and then filed the report.
'The BJP, or the Rashtriya Swayamsevak Sangh, are celebrating their biggest ideological and philosophical victory in some time,' says Shekhar Gupta.
Visiting the Rezang La Memorial, one has a feeling of super-humans defending the Indian territory against the Chinese onslaught, says Claude Arpi on the 60th anniversary of the heroic battle of the 1962 War.
According to the bid document, as part of the strategic disinvestment Air India would also sell 100 per cent stake in low cost airline Air India Express and 50 per cent shareholding in joint venture AISATS. The management control of the airline would also be transferred to the successful bidder.
'There are too many competent people better suited and poised to take on Modi. The Gandhis are not among them,' argues Harishchandra.
A special aircraft of the Indian Air Force was sent on Saturday to bring back the Indian diplomats, officials and other staff members including a group of Indo-Tibetan Border Police personnel.
Kejriwal said the government will assess the situation again after one week.
The Health and Family Welfare department had issued a detailed order on Sunday, notifying the lockdown in the whole of Delhi, stipulating various restrictions.
While the numbers of fresh COVID cases and active cases are going up, the administration is focussing on testing, contact-tracing and treatment.
'The larger intention is to create a political State where there is no opposition.'
The top court on August 31 had directed the removal of around 48,000 slum dwellings along the railway tracks in Delhi within three months and said there shall not be any kind of political interference in execution of the plan.
A girl who was set on fire by a person after she did not reciprocate his proposal in Jharkhand's Dumka district succumbed to her burn injuries on Sunday.
December 3, 2021 marks 50 years since the beginning of the 1971 War which ended in a decisive military victory for India and the liberation of Bangladesh. Most analysts of the 1971 War agree that the IV Corps dash across the mighty Meghna river led by the brilliant General Sagat Singh was the turning point in the war, recalls military historian Colonel Anil A Athale (retd).
The fate of India's upcoming tour of South Africa amid the trepidation triggered by new COVID-19 variant Omicron will be addressed when the Board of Control for Cricket in India holds its 90th Annual General Meeting in Kolkata on Saturday.
'Putin has set aside all the rules and now he is deciding the rules.'
Delhi recorded an air quality index of 315 at 11:10 am. The last time the air quality hit such a poor level was in February.
'Facilitating conversion of well-run NBFCs into banks is urgently needed.'
Uttam Prakash Agarwal alleged that Citax and Braich offers were incomplete and did not include firm commitment as to the price, size, timings, confirmation from the banks about availability of the funds.
Top commanders of the Indian Army on Monday carried out a comprehensive review of the country's security challenges, including in eastern Ladakh and other sensitive areas along the Line of Actual Control (LAC) with China, on the opening day of a four-day conference, people familiar with the developments said.
India will be represented by a record 15 shooters at the Tokyo Olympic Games.
Delhi Chief Minister Arvind Kejriwal calling off the dharna being enacted outside the Rail Bhawan in a partial compromise with the Union government is being seen as a face-loss for him by many. Renu Mittal explains
India has challenged in a Singapore court a verdict of an international arbitration tribunal that overturned its demand for Rs 22,100 crore in back taxes from Vodafone Group Plc, sources said on Thursday. An international arbitration court had on September 25 rejected tax authorities' demand for Rs 22,100 crore in back taxes and penalties relating to the British telecom giant's 2007 acquisition of an Indian operator. Two sources privy to the development said India had 90 days to file an appeal against the tribunal award, and the same was done in a Singapore court earlier this week.
