In what is in effect a deposit to be paid into court pending a full trial in the case, Judge David Waksman has set a six-week timeline for Anil to pay $100 million to three Chinese banks as he concluded that he did not accept Ambani's defence that his net worth was nearly zero or that his family would not step in to assist him when "push came to shove".
'It shows that they cannot manage the situation with the forces in their hand.'
Most of the unicorns or billion-dollar valuation firms including Flipkart, Paytm and Ola have had the maximum stakes owned by foreign funds. The founders of all these firms have either single digit stakes in their companies or in low double digits.
The state is following surveillance, containment, increasing testing facilities, and ensuring essentials at people's doorstep, among other strategies, reports T E Narasimhan.
The national budget 2019-20 had an outlay of Rs 10,000 crore for Phase-II of the Faster Adoption and Manufacturing of Hybrid and Electric Vehicles scheme to boost electric mobility and increase the number of EVs in commercial fleets.
Advice to the new finance minister from former RBI governor Raghuram Rajan: 1. Clean up banks by reviving projects that can be revived after restructuring debt. 2. Improve governance and management at public sector banks. 3. De-risk banking by encouraging risk transfers to non-banks and the market. 4. Reduce the number and weight of government mandates for public sector banks, and for banks more generally.
Interestingly, in March 2018, the same board of ICICI Bank had given a clean chit to Kochhar with full-backing and had said there was no question of favouritism, nepotism or conflicts of interest on her part in granting loans to Videocon Industries or any other company.
The challenge for Indian software is clear. A good part of its bread and butter business - writing code and maintaining software systems - is being automated, reducing revenue streams and work for lower level employees
Delhi Police claims that the FIR reveals serious cognizable corruption & cheating offences, so matter is within its jurisdiction.
On Saturday, in locations including Korukkupet at R K Nagar allegations of cash distribution were made against some men, whose identity was not known immediately.
Despite presiding over scores of factories in what is today India's largest garment exporter with 105,000 employees, Ahuja is a modest man with much to be immodest about. He tells Rahul Jacob that the government needs a free trade agreement with Europe fast to ensure a level-playing field with Bangladesh and Vietnam.
The dead include 10 women and seven men, another fire official said, noting that a man and woman were injured.
Various manufacturers, including Nissan and Honda have also been impacted due to faulty airbags supplied by Takata.
Policy lays out a 5-year road map seeking creation of 3.5 mn jobs and promoting 10,000 start-ups.
Brands such as Gap, Primark and C&A which source some of their garments from Tamil Nadu say they do regular audits to ensure their suppliers comply with their codes of conduct.
Lenders can now review a borrower account within 30 days of default. Earlier, the banks had to start resolution within one day of default.
.jpg)
Rohan Murty was speaking at the 50th anniversary symposium of the computer science department at Cornell University.
A recent report by the parliamentary standing committee on health and family planning pulled no punches on the abysmal state and poor functioning of the Medical Council of India.
Here's the full text of President Ram Nath Kovind's customary address to the joining sitting of Parliament on the first day of the budget session.
Union Minister and All India Football Federation (AIFF) president Praful Patel said that the involvement of chargesheeted persons in the affairs of IOA has brought "a messy situation" in Indian sports and tarnished the image of national federations.
Two women doctors were injured in Indore when a five-member team of health officials was pelted with stones in Taatpatti Bakhal area on Wednesday while they were trying to trace a person who had come into contact with a COVID-19 patient, police said.
More lucrative routinely prescribed drugs are at higher risk of failing quality standards
His songs were the anchor, the substratum, if you will, upon which life unfolded day after day, decade after decade -- across villages, towns, cities, and regions. Siva Sankar pays tribute to S P Balasubrahmanyam, the legendary singer who passed into the ages on Friday.
Recent defaults have made a section of traders contemplate moving towards promissory notes.
The apparent BJP move to accept Kanda's support was slammed by the opposition Congress and BJP leader Uma Bharti, who recalled the row in which the politician was involved when as a minister in Haryana's Congress government in 2012.
Unless we bring about substantive changes, we cannot expect to alter the current situation where low-productivity and low-wage jobs dominate the landscape, the government think-tank observes.
Delhi, which has gained infamy as one of the world's most polluted cities, has for some years now witnessed a sustained campaign from various quarters seeking a ban on firecrackers. While the Centre launched the newly approved, eco-friendly firecrackers earlier this month as a "safer and cheaper" alternative, the mood in the market is tepid, says Ritwik Sharma.
From Rafale relief to heat on realtors, 10 landmark Supreme Court judgments in 2018.
'I don't get attached to my success,' Ayushmann Khurrana tells Kavita Chowdhury.
Despite the Indian government's recent efforts anecdotal evidence indicates that there has been little change in the extortionist behaviour of a significant proportion of tax and police officials, says Jaimini Bhagwati.
The top three industries in India susceptible to economic crimes are financial services, manufacturing and professional services
'We all wanted a strong Centre with a decisive mandate from the people, to allow them to take bold decisions.'
The move will have cascading effects for lot of related sectors
'My journey as an actor started to evolve when Web series started blowing out in a big way.' 'I lucked out because Inside Edge was one of the first big shows so that gave me a good platform, and led to more opportunities.' 'Web series have an ensemble star cast, and the characters are well written.' 'It's not only about a hero or a villain.'
'We have already sanctioned loans worth over Rs 3,000 crore to around 120,000 customers.'
The RBI panel has also recommended a government-sponsored 'fund of funds' of Rs 10,000 crore to support the venture capital and private equity firms investing in the MSME sector.
Farm loan waivers should not be regarded as expenditure but as incentive and investment, argues B S Raghavan, the distinguished civil servant.
Among other things, taking note of complaints against several Chinese e-commerce players such as Shein, Ali Express etc for sending shipments as 'gifts' to customers in India and avoiding duties, the government has now mandated that all e-commerce sites and apps must have a registered business entity. This will be the importer on record and subject to customs rules, report Subhayan Chakraborty, Neha Alawadhi and Karan Choudhury.
This historic Vishaka judgement brought the issue of sexual harassment in the workplace into the mainstream discourse says Kanika Dutta.
The case pertains to alleged corruption in Manesar land deals worth over Rs 1,500 crore, in which around 200 farmers were cheated.
