A person in the know of the PIM details said an entity can put in bid for Air India on the "strength of its parent", which was not there before. A consortium can participate in the disinvestment process, provided each partner has at least 10 per cent stake as well as 10 per cent of the Rs 3,500 crore net worth requirement, according to the bid document. The lead member of a consortium should have at least 26 per cent stake. Individuals are allowed to bid as part of consortium.
In a memorandum submitted to the EC, the INDIA party leaders submitted a list of recent instances of central agencies targeting Opposition parties and alleged an absence of a level playing field for the opposition.
After reports claimed that filings in patent offices in India, the US, and Europe did not mention ICMR or its scientists, but only BBIL and its scientists, the Hyderabad-based biotechnology (biotech) company clarified that in the "rush" to develop vaccines and file appropriate patents, BBIL had missed adding ICMR's name in the original filings.
IT services firm Infosys has said that a global company has decided to terminate a multi-year contract worth $1.5 billion with it. On September 14, 2023, Infosys announced a pact with a global company to offer enhanced digital experiences alongside modernisation and business operations services leveraging Infosys platforms and AI (Artificial Intelligence) solutions. In a BSE filing on Saturday, Infosys said the global company has now elected to terminate the Memorandum of Understanding (MoU) and the parties will not be pursuing the master agreement."
"As on 31.12.2020, the total Air India dues against various Government Departments on account of airfare including dues towards VVIP Operations were Rs 498.17 crore," the GoI said in a written reply in Lok Sabha
Semiconductor makers need thousands of engineers and technicians, and though India has one of the largest pool of engineers in the world, they do not have experience in the semiconductor manufacturing space.
Former Maharashtra minister and Shiv Sena-Uddhav Balasaheb Thackeray leader Aaditya Thackeray on Monday claimed nearly '50 people', including 'some middlemen' and personal assistants, will be part of the delegation that will travel with Chief Minister Eknath Shinde for the World Economic Forum (WEF) gathering in Davos, Switzerland.
The sons learned that they had been completely disinherited and that Surinder Kanwar's new wife would inherit everything.
Adani Power Ltd's Rs 7,017-crore deal to buy thermal power assets of DB Power has fallen after the initial pact expired. "We wish to inform that the long stop date under the memorandum of understanding dated August 18, 2022, has expired," Adani Power said in a regulatory filing on Wednesday. Earlier in August 2022, Adani Power had informed the bourses that it has agreed to acquire DB Power Ltd (DB Power), which owns and operates a running 2x600 MW thermal power plant at district Janjgir Champa in Chhattisgarh.
'There is a huge risk of misinformation and disinformation, and targeted campaigns that could potentially happen against candidates or to push certain narratives.'
A doctors' body has threatened to launch a stir if the Maharashtra government doesn't take action after a video of the acting dean of a state-run hospital in Nanded, where 31 patients have died in 48 hours, being forced to clean a toilet by a Shiv Sena MP went viral.
The Manipur government has directed its staff to leave social media groups, which are engaged in spreading "separatist", "anti-national" and "communal" agendas, as per an official document.
M&M for sell-off of PSIDC stake in Punjab Tractor
Right to Information activist Anjali Bhardwaj said the VVPAT system should be re-calibrated to be fully voter-verifiable.
Three bidders, including the Essar group, vying for the government stake in the Shipping Corporation of India have inked the confidential information memorandum, even as uncertainty remained over the fate of the sole international bidder.
Saini was accused of demanding bribes from Christian Michel James, an alleged middleman, to favour the company during field evaluation trials held in 2010, officials said.
The Centre will invest around Rs 200 crore over five years for the exploration and development of these mines.
Joshi, Congress MLA from Hawa Mahal, however, rejected the allegations and called for a fair probe into the case.
Senior Congress leader Digvijaya Singh on Sunday ended his sit-in protest outside Khajuraho police station in Chhatarpur in Madhya Pradesh against the death of a party worker during assembly polls held on November 17.
India and the US have signed an agreement to promote innovation through increasing cooperation among startups, address regulatory hurdles and share best practices on fundraising by entrepreneurs, an official statement said on Wednesday. The memorandum of understanding (MoU) on enhancing innovation ecosystems through an innovation handshake under the framework of India-US Commercial Dialogue was signed on November 14 in San Francisco. Commerce and Industry Minister Piyush Goyal is in San Francisco.
Sebi is learnt to have written to several regulators including those in Bermuda, Luxembourg, and Switzerland, seeking detailed information on some FPIs.
Manipur Police has registered a first information report (FIR) accusing the Assam Rifles of blocking their vehicle after an altercation between the two groups last week, while the state unit of the Bharatiya Janata Party requested Prime Minister Narendra Modi to replace Assam Rifles 'by any other paramilitary force permanently' from the state.
Herzog further claimed that Iran is supporting the "terror machine" by providing billions of dollars aiming to undermine the regional situation.
A highly-placed defence source said a first information report was registered against COCOMI on July 10, after the outfit gave a call to people 'not to surrender weapons.'
Just a day after Tamil Nadu Bhartiya Janta Party chief K Annamalai met Governor R N Ravi in connection with the alleged security lapse during Prime Minister Narednra Modi's visit, Director General of Police Sylendra Babu said that there was no security lapse during the visit and everything went fine.
The DoT issued the information memorandum last week, saying auction would start on January 14 and for this to happen, the blocks of spectrum to be auctioned must be identified latest by the first week of December.
The department of telecom member (finance) Vijayalakshmi K Gupta said the department would, on December 8, issue the final blueprint of the auction with regard to number of 3G slots and as of now the information memorandum is the document for reference. But the absence of foreign players at the pre-bid conference, which set in motion the auction process, was conspicuous.
The pension regulator on Friday set the stage for opening the business for non-government employees from April by seeking proposals for setting up six pension funds.Among the host of conditions specified in the Primary Information Memorandum and Expression of Interest package, the Pension Fund Regulatory & Development Authority intends to allow up to 26 per cent foreign investment but with the rider that the direct or indirect holding should not exceed 26 per cent.
The inter-ministerial battle over spectrum for 3G telecom services has intensified, with the department of telecommunications (DoT) rejecting a claim by the ministry of defence (MoD) that it has not accounted for 10 MHz of spectrum given to DoT at the end of October in the information memorandum (IM). This document provides potential private bidders with details on the auction process slated for January 14, 2010.
The Securities and Exchange Board of India's (Sebi's) investigation into the Hindenburg allegations is making slow progress when it comes to obtaining information from overseas regulators, particularly around ultimate beneficial ownerships of certain foreign portfolio investors (FPIs), said people in the know. "Establishing ultimate beneficial ownerships for FPIs is a very complex exercise. "Several jurisdictions allow omnibus structures where the end beneficiaries are not required to be captured or are based in some other geographies.
With the election campaign in Karnataka witnessing a bitter war of words between the BJP and the Congress, both the parties rushed to the Election Commission, seeking ban on electioneering by top leaders of the other side.
Eicher Ltd has decided to file an Expression of Interest in response to the Preliminary Information Memorandum issued by KPMG for divestment of PSIDC stake in Punjab Tractors.
The posters were put up on the shutters of the shops late on Sunday evening, Purola station house officer Khajan Singh Chauhan said.
The members of the Hindu right wing bodies said if the show is not cancelled, they will hold a protest against it.
Amtek Auto was among the first list of 12 companies which were referred by the RBI in 2017 to respective banks for initiation of insolvency process for defaults.
A Muslim cleric, who had been booked by the Uttar Pradesh police for allegedly making inflammatory remarks, was placed under house arrest after he made a call to his supporters to march to Delhi seeking a ban on Hindutva organisations, a senior official said on Wednesday.
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