A round-up of Ranji matches played on Friday.
A British court on Monday granted a bankruptcy order against Vijay Mallya, paving the way for a consortium of Indian banks led by the State Bank of India (SBI) to pursue a worldwide freezing order to seek repayment of debt owed by the now-defunct Kingfisher Airlines. "As at 15.42 [UK time], I shall adjudicate Dr Mallya bankrupt," Chief Insolvencies and Companies Court (ICC) Judge Michael Briggs said in his ruling during a virtual hearing of the Chancery Division of the high court. "I have to decide if there is a real prospect of payment of petition debt in full within a reasonable period of time... there is insufficient evidence that [Mallya's asset realisations in India] will pay the debt in full within a reasonable period of time," Judge Briggs noted, in reference to defence arguments pointing to a restoration process in India following a Prevention of Money Laundering Act (PMLA) court order for the attachment of Mallya's assets.
It would be realistic to see India's position on the DGMOs joint statement more as 'engagement, different from dialogue', where our subsequent options could be decided depending on the realities of the situation on the ground, notes Rana Banerji, who headed the Pakistan desk at the Research and Analysis Wing, India's external intelligence agency.
A round-up of the first day's play in the Ranji Trophy matches across the country, on Tuesday.
We'll need to wait a couple of years to see how many restructured loans turn bad and whether some banks fall victim to their obsession for growth, explains Tamal Bandyopadhyay.
If the banks throw caution to the winds for building loan books, the hydra-headed bad loans may resurface and spoil the party, warns Tamal Bandyopadhyay.
G C Murmu rarely speaks in public and when he does, his statements are always in lockstep with the thinking within this government.
Karnataka looked set to secure a big first innings lead against Goa despite fighting half-centuries by three of the home team's batters on day three of their Elite Group C match in Porvorim, on Thursday.
Though he loves gambling, he cautions against undue risks and says non-professional investors like the salaried class should invest through the mutual funds route and keep aside not more than 10 per cent for self-investing.
After securing Congress support for a rise in the foreign investment cap in the insurance Bill, this is another key reform Bill where the Centre has managed a broad consensus.
Bihar, Uttar Pradesh and Jharkhand will have to do a significant amount of catching up.
It has registered 2,000-plus money laundering cases and about 12,000 forex violation ones in the 14 years since it was established. Yet, its probes have resulted in no more than 13 convictions from nine cases of money laundering since 2005.
Vaid, a 1986-batch IPS officer, was unceremoniously removed as police chief late on Thursday night.
In a ruling in May, a UK high court judge had refused to overturn a worldwide order freezing Mallya's assets and upheld an Indian court's ruling that the consortium of 13 Indian banks were entitled to recover funds amounting to nearly 1.145 billion pounds.
The Howdy Modi put a dagger into the heart of the 'bipartisan consensus' in the US regarding the relations with (Modi's) India, points out Ambassador M K Bhadrakumar.
The consortium led by SBI has also initiated the process of recovery.
The project holds strategic significance as Zojila Pass is situated at an altitude of 11,578 feet on the Srinagar-Kargil-Leh National Highway and remains closed during winters due to heavy snowfall.
He admitted that the situation in the valley is grim, but asserted that positive mindset of youth there will pave the way for peace.
GST is levied on every transaction in the supply of goods and services, barring certain exempted items
The three initiatives are - pro-bono legal services, tele law and Nyaya Mitra
The three humble Muslim entrepreneurs that the prime minister is mightily impressed by.
Airtel said it will implement 25 per cent more stringent mobile call drop benchmark of 1.5 per cent versus 2 per cent prescribed by the regulator Trai.
Unlike any other national asset, which is typically sold to the highest bidder, the profile of the bidder is the most important criterion for a licence to bank, and even for acquiring more than 5 per cent stake, explains Tamal Bandyopadhyay.
The MFN (Most Favoured Nation, meaning non-discriminatory treatment for each other) issue is of prime importance to India, as it wants to have greater access in the Pakistani markets.
Inteview with Senior vice-president (equity research), Anand Rathi
There are 1,53,106 active cases of the coronavirus disease (COVID-19), while 1,69,797 people have recovered and a patient has migrated, according to the ministry data updated in the morning.
While Bihar and J&K have the least proportion of bank account holders using debit cards at PoS machines, Telangana's record is the highest.
At present domestic airlines are not allowed to fly on international routes until they have 20 aircraft in fleet and have completed five years of operations.
The court ruled that an interim debt order in favour of SBI and other banks seeking access to funds in the Mallya's ICICI UK bank account "should remain in force" but the application to make it final should be adjourned until after the hearing of his pending bankruptcy petition.
Karnataka pacer Abhimanyu Mithun picked a five-wicket haul in their Group B match against UP. While Delhi's Ricky Bhui put his team in a good position against Andhra. A round-up of Day 2 of the Ranji Trophy matches played on Wednesday.
Judge Andrew Henshaw refused to overturn a worldwide order freezing Mallya's assets and upheld an Indian court's ruling that a consortium of 13 Indian banks were entitled to recover funds amounting to nearly $1.55 billion.
The insurance Bill seeks to increase the cap on shareholding of foreign investors
Those who have already joined the ISIS have the potential to create a network of similarly motivated youth. It is from this breed of self-radicalised, semi-skilled professionals that a potential attacker is likely to emerge, reports R S Chauhan.
The Uttar Pradesh by-election will be the real test for the Modi government. By-election results are not a referendum on Modi but the time has come to analyse whether the Modi government is succeeding in assuring people that the promises it made would be fulfilled, says Dharmendra Kumar Singh.
Modi's hardline policy towards Pakistan and J&K has created numerous leverages and bargaining positions that New Delhi can bring to the bargaining table and translate into concessions, argues Ajai Shukla.
As the elections appear closer, the nervousness in the Congress party has become more visible. Each one is frantically concerned about his own position rather than wanting the Congress party to get ready for a spirited fight.
The Rashtriya Swayamsevak Sangh has launched an ambitious plan to reach out to at least 10,000 key opinion makers -- jurists, bureaucrats, etc -- in the next two years to dispel "misinformation" related to Article 370 of the Constitution.
"We have given time to the Haryana government to bring and pass the Jat reservation Bill by March 31 (when the ongoing Budget session ends)," Malik told media persons.
Prime Minister Modi will address three rallies -- at Dehri-on Sone (Rohtas district), Gaya and Bhagalpur -- to seek support for National Democratic Alliance nominees on different assembly constituencies going to vote in the first phase on October 28. Congress leader Rahul Gandhi is also slated to launch his campaign in Bihar elections on Friday.
Meanwhile, Pakistan said the terrorist attack in Pulwama district is "a matter of grave concern" even as it strongly rejected Indian media and government's allegations of the country's link to the strike "without" probe.
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