In essence, Tata Sons will continue to be a CIC, whether registered or unregistered. It will have to follow the 90:60 principle.
If it qualifies as belonging to the upper layer, public listing will be one of the regulatory requirements. However, if it qualifies as 'unregistered CIC', it will escape from prudential regulation, explains Tamal Bandyopadhyay.
Five Indian Air Force personnel, including two officers, were killed when their Russian-origin Antonov An-32 transport aircraft crashed while landing at Jorhat in Assam on Saturday. The co-pilot sustained injuries and is undergoing treatment.
Mohun Bagan Super Giant defeated NorthEast United FC 1-0 in an Indian Super League match, with Robson scoring the decisive goal in the early minutes. The win puts Mohun Bagan at the top of the league table.
Mumbai Indians head coach Mahela Jayawardene reflects on the team's disappointing I_L 2026 season, citing a lack of individual brilliance and collective effort.
An aviation expert suggests that the Baramati plane crash, which resulted in the death of Maharashtra Deputy Chief Minister Ajit Pawar and four others, might have been avoided if the airport runway had been equipped with an instrument landing system (ILS). The expert also emphasized the importance of preserving evidence at the crash site for the ongoing investigation.
Rising stressed debt and past exposures like Reliance Capital, Yes Bank push EPFO to frame exit rules for its portfolio.
Young golfers Tushar Pannu and Mannat Brar share the lead after the first day of the AM Green IGPL Invitational Congo.
The Indian Defence Ministry has approved the procurement of weapons and military hardware worth Rs 2.38 crore, including S-400 missiles and medium transport aircraft, to bolster the Indian Air Force's capabilities.
The National Company Law Appellate Tribunal (NCLAT) has allowed state-owned Canara Bank and Indian Bank to pursue proceedings against former IL&FS directors, who are not part of the new board, to declare them as wilful defaulter. However, the appellate tribunal said those directors who are part of the new board of Infrastructure Leasing & Financial Services (IL&FS) and its various subsidiaries after October 1, 2018, would remain protected.
The debt-ridden IL&FS group has discharged Rs 45,281 crore to its creditors as of March 2025, completing the resolution of its 197 entities, according to the latest status report affidavit filed before the insolvency appellate tribunal NCLAT. This is 18.9 per cent higher than Rs 38,082 crore, the amount of debt that stood resolved from the last status report filed by IL&FS six months before on October 28, 2024.
Ariana Afghan Airlines A310 aircraft operating flight FG-311 (Kabul-Delhi) was given clearance to land on runway 29L. However, the aircraft landed on runway 29R.
The Nascent Information Technology Employees Senate (NITES) has written to the labour and employment ministry accusing global Information Technology (IT) firm Wipro of delaying onboarding of about 250 engineering graduates even though commitments were made by the company through offer letters and formal communication.
"Operation Sagar Bandhu ' Humanitarian Assistance. In the wake of the devastation caused by Cyclone Ditwah across Sri Lanka, India swiftly launched Operation Sagar Bandhu to bolster relief efforts," the Indian Air Force said in a post on X on Saturday.
Supreme Court judge Justice Ujjal Bhuyan asserts the independence of the judiciary and its importance in upholding the Constitution, emphasizing that the government has no role in the transfer of judges.
'Why are IPKF martyrs not being officially recognised and appropriately honoured? And is the government really changing its mind on this now?', asks Aditi Phadnis.
Satadru Dutta's rise was swift and ambitious. But that journey took a dramatic nosedive on Saturday.
IL&FS group has discharged debt of Rs 38,082 crore to its creditors as of September 30, 2024, according to the latest status report affidavit filed by the debt-ridden firm before insolvency appellate tribunal NCLAT. "As on September 30, 2024, the total debt discharged to creditors of the Respondent No 1 (IL&FS) Group aggregates to Rs 38,082 crore," the status report said. This includes Rs 20,289 crore from monetisation of assets, Rs 8,140 crore from auto-debits, green entity principal servicing, NFB release and Rs 9,653 crore from interim distribution.
The Indian Air Force has stepped up its efforts to assist Sri Lanka in the wake of Cyclone Ditwah, deploying aircraft and helicopters for relief operations and evacuation of stranded citizens under Operation Sagar Bandhu.
If Lockheed Martin gets the opportunity, then it will set up a mega hub in India to produce the "iconic" aircraft and it will be the first such global facility outside of the US, top officials of the company told PTI.
Lockheed Martin plans to establish a C-130J Super Hercules co-production facility in India, the first outside the US, as the IAF seeks to procure new transport aircraft.
Sri Lanka continues relief and rescue efforts with India's assistance after Cyclone Ditwah caused widespread devastation, killing over 190 people and affecting nearly a million.
Cyclone Ditwah exits Sri Lanka after causing widespread destruction and over 120 deaths, heading towards the Indian coast. Heavy rains and high winds are expected to continue.
Turkish President Recep Tayyip Erdogan's anti-tobacco crusade has a new target: Italian Prime Minister Giorgia Meloni, Politico reported.
'Investing in these funds makes sense if their net yield over better-quality funds -- corporate bond funds or banking and PSU funds -- is meaningful.'
The Enforcement Directorate (ED) and Income Tax (I-T) Department are likely to join the Assam Police in investigating alleged organised financial crimes and acquisition of benami properties by event manager Shyamkanu Mahanta, an accused in the death of Assam's cultural icon Zubeen Garg.
Notably, Siachen is the highest battlefield of the world, which sits on the nuclear tri-junction of India, Pakistan and China.
The 61-year-old MLA from Islampur seat of Maharashtra has been asked to depose before the federal agency in Mumbai on Friday, they said. Patil, a former minister of home and finance, is also the Maharashtra president of the NCP and is a seven-term legislator.
With national emergency in Israel still in place and the airspace closed, the Indian embassy in Tel Aviv on Tuesday asked for those Indians looking to leave the country to look at availing land border crossing options.
The ED carried out searches against two former auditor firms of IL&FS -- BSR and Associates and Deloitte Haskins and Sells -- on Wednesday in connection with its money-laundering probe into alleged financial irregularities at the infrastructure development and finance company, official sources said. The premises linked to the two auditors in Mumbai were searched under the provisions of the Prevention of Money Laundering Act (PMLA), they added. The action came a week after the Supreme Court set aside a Bombay High Court verdict that quashed an SFIO probe against the two companies, both former auditors of IL&FS Financial Services, paving the way for action against them under the Companies Act and allowing the National Company Law Tribunal (NCLT) to take forward its enquiry against them.
The ministry of external affairs said in a statement that the Indian embassy remains in touch with the community with a view to extend all feasible assistance.
A new study reveals that water-only fasting may come with serious side effects.
The government has reshuffled the board of IL&FS Ltd, which is undergoing debt resolution process, with existing board member C S Rajan being redesignated as the non-executive chairman. Nand Kishore, who was serving as an executive director, has been made the managing director, according to the company. In the wake of financial misdoings coming to light, the corporate affairs ministry had superseded the board of IL&FS in October 2018.
'Delhi airport handles 1,450 aircraft movements per day. Of these, 114 daily movements will be cancelled during the runway upgrade.'
The National Company Law Appellate Tribunal has directed the new board of the debt-ridden IL&FS Group to distribute Rs 16,361 crore of cash and InvIT units available across the Group to its creditors on pro-rata basis. The interim distribution award of Rs 16,361 crore includes Rs 11,296 crore in cash and Rs 5,065 crore in InvIT units (Infrastructure Investment Trusts) and a majority of this is to be distributed to the creditors of three large group firms -- IL&FS, IFIN and ITNL. "The interim distribution shall be confined only to the entities as reflected in Annexure-6 except those excluded and for the amount of Rs 16,361 crores i.e Rs 11,296 crore of cash and Rs 5,065 crores of InvIT Units," said an order by a two-member NCLAT bench headed by Chairperson Justice Ashok Bhushan.
Only a limited set of investors should invest directly in corporate bonds.
After a London-bound Air India aircraft crashed shortly after taking off from the Ahmedabad airport on Thursday, the spotlight is back on India's history with aviation disasters.
Inter Kashi filed an appeal at the Switzerland-based CAS on April 24 against the decision of the AIFF appeals committee and the world's apex sports tribunal ruled in favour of the club on Tuesday.
IL&FS group would resolve debt of Rs 55,000 crore by March 2022, the board of the crisis-hit company has stated in its affidavit filed before the National Company Law Appellate Tribunal (NCLAT). While updating the progress of the resolution progress, the IL&FS board, led by Uday Kotak, said Rs 55,000 crore debt would be resolved through asset monetisation, restructuring and insolvency proceeding initiatives. Some of this has already been completed while the rest is at different stages of resolution, it said in a brief snapshot on the progress made in the ongoing resolution process till December 7, 2021, and suggested estimates of progress to be made by March 2022.
JM Financial Consultants, Arpwood Capital and Alvarez & Marsal will advise the board going forward
Maharashtra Nationalist Congress Party (NCP) president Jayant Patil appeared before the Enforcement Directorate (ED) in Mumbai on Monday in a money laundering case linked to alleged financial irregularities in the now bankrupt financial services firm Infrastructure Leasing and Financial Services Limited (IL&FS), an official said.
