'Courts are not moved by spectacle. They act when the facts, as they stand, call for the law to step in.'
The Supreme Court of India has repeatedly criticized the Enforcement Directorate (ED) for exceeding its authority and misusing its powers. The latest rebuke came on Thursday, when the court accused the agency of 'crossing all limits' in a money laundering probe against a Tamil Nadu state-run liquor retailer. This follows a string of similar observations by the Supreme Court and high courts across India, raising concerns about the ED's investigative practices and the potential for misuse of its powers.
Facing the brunt of farmer's ire over perception of it being a beneficiary of new farm laws, Reliance Industries on Monday said it neither buys foodgrains directly from farmers nor is it in the business of contract farming. In a statement, billionaire Mukesh Ambani's firm said its subsidiary Reliance Jio Infocomm Limited (RJIL) has filed a petition in the Punjab and Haryana high court seeking "the urgent intervention of government authorities to bring a complete stop to the illegal acts of vandalism (of telecom towers) by miscreants." Reliance said it "has nothing whatsoever to do with the three farm laws currently debated in the country, and in no way benefits from them."
The strike notices were given by workers' unions of various sectors such as coal, steel, oil, telecom, postal, income tax, copper, banks and insurance.
Life Insurance Corporation of India has over Rs 7,000 crore in tax demand pending against it, the biggest across various categories.
BSNL had disconnected the point of interconnection of Reliance Communications on May 23 and May 31 in Haryana and on May 4 in Punjab claiming non-payment of pending dues by the private telco.
Public sector telecom major, Bharat Sanchar Nigam Limited (BSNL), is all set to launch its 3G operations in 700 cities across north and east India by June and east India by June and in the south by July, a senior company official said.
The Bharat Sanchar Nigam Limited has unearthed a racket in which many subscribers are reported to have sought mobile phone connections from the BSNL after producing fake ration cards.
Bharti Airtel recently acquired a 100 per cent stake in Wireless Business Services, a company founded by US chipmaker Qualcomm. Subsequent to the acquisition, the company was renamed Airtel Broadband Services.
While Vodafone will hold 45.1% of the shares in the new entity, to be renamed at a later stage, Kumar Mangalam Birla and other promoters of Idea group will hold 26%. Vodafone India will also transfer 4.9% of its shareholding to Idea's promoters for a cash consideration of Rs 38.74 lakh crores.
Bharti may look at gaining market share pre-merger and benefit from a lower capex intensity
According to a Deutsche Bank report, the Idea-Vodafone combine will have to pay a 30 per cent lower annual installment on spectrum due to the longer duration of the payment tenure.
Jio's adjusted gross revenue share went up by 7 percentage points in Q2FY18-19 over the previous quarter in the circles of the C category.
Reliance Jio bought spectrum in the 1800 MHz band last February.
Technology can certainly gain India membership in the comity of modern nations in the 21st century.
The Modi government's array of economic policy has been impressive.
With Mukesh Ambani taking over Network 18, the space for disseminating a diverse range of views could shrink, feels Paranjoy Guha Thakurta.
The sluggish legal system in India makes it extremely difficult for law-enforcing agencies in the ministry of finance to punish violations of foreign exchange laws. Unfortunately, it is not just FEMA. The Prevention of Money Laundering Act too has significant infirmities, say Paranjoy Guha Thakurta and Pranati Mehra.
The verdict in the right to privacy case is historic and of global significance because it establishes dharma, righteousness and destroys adharma.
The verdict in the right to privacy case is historic and of global significance because it establishes dharma, righteousness and destroys adharma.
'Like 2014, 2017 was also Modi's election.' 'Every voter you met, apart from those who are BJP cadres, everybody said they would vote for Modi, not the BJP.' 'The one and only factor is the Modi juggernaut. He is the one who turned the tide.' 'The wave which he created in 2014, and to maintain it for three years, is a huge task in itself.'
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