The Department of Telecommunications (DoT) has initiated discussions with banks to address financial stress in the telecom sector, particularly Vodafone Idea Ltd (VIL) that urgently requires fund infusion to stay afloat. There was a meeting of DOT officials and senior bankers on Friday on the issue of Vodafone, sources said, adding that banks have been asked to look for a solution within the prudential guidelines. According to sources, senior officials from the country's biggest lenders State Bank of India and Bank of Baroda were also present among others in the meeting. More such meetings are expected to take place in the coming days, they said.
The Pakistan Cricket Board (PCB) on Monday said that it will appeal to the Court of Arbitration for Sport (CAS) against the reduction of batsman Umar Akmal's ban for an anti-corruption breach. The middle-order batsman was banned in April for failing to report approaches to engage in corrupt practices ahead of this year's Pakistan Super League Twenty20 competition.
The apex court, however, said foreign lawyers could not be barred from coming to India and conduct international commercial arbitration proceedings.
Good judges are going away. We need replacements. The younger lot in the bar are not willing to become judges, says the CJI.
The proposed National Judicial Commission, which seeks to scrap the system where judges appoint judges, is a matter of "priority" for government and a Bill in this regard will be introduced after consideration, Law Minister Ravi Shankar Prasad said.
Coach Eteri Tutberidze said she was certain Valieva was 'clean and innocent'
American sprinter Tyson Gay's former coach has been suspended for eight years for doping violations, the US Anti-Doping Agency said on Wednesday.
In a setback for China, an international arbitration court ruled that it has jurisdiction to hear some territorial claims the Philippines has filed against it over disputed areas in the South China Sea, a ruling rejected by China as null and void.
'The kind of tax which will be generated from the second pillar may far outweigh what we may be losing in the first pillar.'
The 1995 judgment in the Union of India vs Cricket Association of Bengal case emphasised that free speech is essential for a successful democracy and citizens must have a plurality of views and a range of opinions on all public issues, says M J Antony.
The Board of Control for Cricket in India (BCCI) on Thursday moved the Bombay High Court against the arbitrator's stay to the termination of contract with Indian Premier League franchisee Rajasthan Royals by it.
Justice S J Vazaifdar dismissed an appeal filed by the BCCI challenging the stay granted by the arbitrator and permitted Rajasthan Royals to participate in the IPL-4 auction that is to be held on January 8 and 9.
The Cabinet, chaired by Prime Minister Narendra Modi, allowed contractors to move to the new, speedier arbitration process, approved the release of 75 per cent of the amount in dispute against bank guarantees and provided for a conciliation board comprising independent domain experts in new contracts.
Russian athletes will file a class action suit against a ban imposed by the International Association of Athletics Federations.
The US arm of Ranbaxy pleaded guilty to seven felonies relating to the manufacture and distribution of certain adulterated drugs
Kalanithi Maran claims deal with Ajay Singh is dead; SpiceJet spokesperson says Maran's claims are baseless and false
The channel's contention is that the top bosses in CA gave preference to the wishes of the BCCI, the sport's most powerful governing body, as well as its other domestic broadcasting partner Foxtel.
Real Madrid have won a small victory in their dispute with FIFA over the illegal signing of under-age foreigners after the Court of Arbitration for Sport (CAS) temporarily lifted its ban on appeal.
The parties have jointly applied to the Delhi high court, requesting that it accept their agreed terms of settlement, subject to such further orders as the court sees fit, it said.
The International Tennis Federation (ITF) has expressed its disappointment at the Court of Arbitration for Sport (CAS) decision to clear French player Richard Gasquet of doping after he tested positive for cocaine.
Officers sitting over untapped potential to make COVID-19 vaccines need to be charged with 'manslaughter' as it is leading to so many deaths, the Delhi high court said on Wednesday, observing that a lot of scope and infrastructure is available in India which is not being used.
Will Ishan Kishan get Rs 15.25 crore for one year, or for three years? Do the players get their IPL payments, whether it is in full or in part, and what is the payment schedule? Harish Kotian/Rediff.com explains all you need to know about IPL player payments.
He took exception to an "ideological group of people", activists, intellectuals for giving "identification marks" to as to "who is an independent judge" and said that according to them a judge must be necessarily anti-establishment.
The government has finalised the details of a task force on Indus Water Treaty, which will be formed within one week, with the aim to stop river waters going waste in Pakistan.
RUSADA said it disagreed with the World Anti-Doping Agency's (WADA) sanctions
The WADA investigation found that the sample analysis methods of the NDTL were not upto the mark. The NDTL can appeal to the Court of Arbitration for Sports (CAS) in Lausanne in the next 21 days.
Caster Semenya has said the International Association of Athletics Federations (IAAF) breached confidentiality regulations ahead of her appeal hearing on Monday where she is fighting for her athletics future.
The International Association of Athletics Federations (IAAF) chief Sebastian Coe empathises with the plight of Indian sprinter Dutee Chand, whose career has been hit by the controversial 'gender testing' issue, but insists it needs to create a "level-playing field" for all athletes.
The Court of Arbitration for Sport C(AS) has rejected Romanian striker Adrian Mutu's appeal against an order to pay 17.17 million euros ($24.2 million) in damages to Chelsea, the court said in a statement on Friday. Mutu, now playing for Fiorentina in Italy, was ordered to pay the sum by FIFA last year after he was fired by the Premier League club in 2004 for testing positive for cocaine.
Guardiola also took aim at Spanish league president Javier Tebas, a long standing critic of City, who had questioned whether CAS was the right court for deciding such matters.
Russian whistleblower Yulia Stepanova will not appeal to the Court of Arbitration for Sport over her ban on running as an independent athlete at the Rio Olympics, she said on Friday.
Kirloskar Brothers Ltd (KBL), led by Sanjay Kirloskar, on Tuesday accused four firms under his brothers Atul and Rahul of trying to "usurp" its legacy of 130 years and trying to mislead the public, which has been refuted by the other side. As the family feud simmers, KBL in a letter to capital markets regulator Sebi claimed that recent press releases by Kirloskar Oil Engines Ltd (KOEL), Kirloskar Industries Ltd (KIL), Kirloskar Pneumatic Company Ltd (KPCL) and Kirloskar Ferrous Industries Ltd (KFIL) "have sought to usurp the legacy" of KBL. Also, they attempted to pass off the legacy and track record of KBL as that of their own, the letter said.
Russian teenage figure skater Kamila Valieva tumbled to fourth place in the women's singles event on Thursday, yielding to the pressure of a doping controversy that has rocked the Beijing Games.
Vodafone is facing tax liability over its $11 billion acquisition of a 67 per cent stake in the mobile-phone business owned by Hutchison Whampoa in 2007.
From small restaurants to mighty software companies, it is businesses, not the government, that create jobs. Yet, in a cruel irony, they have to fight extortive and brutal State power every step of the way, says Debashis Basu.
After the club lodged an appeal, CAS confirmed that it had registered the club's appeal.
India will appeal against the verdict of the Hague tribunal in Antrix-Devas deal case, in which the international court had declared the annulling of the contract as "unfair" and "inequitable" and asked it to pay huge amount as compensation.
UEFA announced in a statement that City had committed "serious breaches" of the rules while the Premier League club swiftly said on their website that they will appeal the decision to the Lausanne-based Court of Arbitration for Sport (CAS).
Gomathi Marimuthu approaches CAS, appeals against doping ban
Pausing the process for now, the bank would hold off from appointing the Chairman for the Court of Arbitration or the neutral expert -- appointments that had been expected on December 12 as earlier communicated by the bank.
