The Tatas have the know-how to quickly close deals which can otherwise get caught in legal wrangle. In 2018, on the day the National Company Law Tribunal declared Tata Steel as the winner of the bid for bankrupt Bhushan Steel, Bhushan promoter Neeraj Singhal was planning to file for a stay order. He did get the case listed for the following day, but the judge did not admit it, deferring it until the following week. The Tatas used the narrow window of 48 hours to close the deal and take control of the company.
The Supreme Court on Friday refused to entertain a plea against deferment of hearing on a public interest litigation seeking direction to halt construction activity at the Central Vista Avenue Redevelopment Project during the prevailing COVID-19 pandemic but gave liberty to petitioners to approach the Delhi high court for urgent listing of the matter.
It is the biggest issue we have ever faced in the securities market, where a sensitive and systemically important institution and first-line regulator was not only exploited by unscrupulous elements but functioned like a private fief, points out Debashis Basu.
A robust dispute settlement system would help the government unlock tax revenues, and also aid ease of doing business.
Asking Indian Institute of Technology Bombay to adopt a humanitarian approach, the Supreme Court on Monday directed the premier engineering institute to allocate within 48 hours a seat to a young Dalit boy, who missed out, as he could not deposit his fees due to the non-functioning of his credit card.
Banerjee, the 34-year-old nephew of West Bengal Chief Minister Mamata Banerjee, is stated to have sent an email to the investigating officer of the case citing some personal reasons for his non-appearance.
The Delhi government has banned construction and demolition activities in the city till November 21.
The eye of the debate has been focused too tightly on the quantum of punishment rather than the current approach, both to the juvenile, and also, for making him/her accountable, says Puja Marwaha
Hari Shankar Brahma, who took over as the 19th Chief Election Commissioner on Friday, said his priority and "mission objective" is to ensure free and fair conduct of Delhi assembly polls.
Called the US Citizenship Act of 2021, the legislation modernises the immigration system, and also proposes to eliminate the per country cap for employment-based green cards, a move that would benefit thousands of Indian IT professionals whose current wait period for legal permanent residency runs into several decades.
The branch managers have come out of their glass cabins and the sellers' market has transformed into a buyers' market, but there is no end to the harassment of customers, asserts Tamal Bandyopadhyay.
'The deaths of the children in the Gambia would batter India's reputation as the developing world's pharmacy.'
Oil India and other PSUs had filed clarificatory /modificatory petition before the Supreme Court. These companies own and operate telecom networks though they do not provide telecom services.
US President-elect Joe Biden on Thursday nominated Indian-American Vanita Gupta to be the associate attorney general and roped in Judge Merrick Garland for the position of attorney general.
Bankrupt Infrastructure Leasing & Financial Services (IL&FS) has sold the entire stake in the waste management arm IL&FS Environmental Infrastructure & Services (IEISL) and its subsidiaries to EverEnviro Resource Management (EverEnviro), an arm of the PE major Everstone Group, the companies said in separate statements. Though the value of the deal was not specifically disclosed, the crippled IL&FS -- which is under bankruptcy proceedings in NCLT -- said the sale will reduce its overall debt by Rs 1,200 crore, which is the combined debt of entities under the group's environment businesses. IL&FS Environmental Infrastructure & Services (IEISL) is one of the leading integrated waste management companies that is into municipal solid waste management apart from presence across various segments including construction and demolition, collection and transportation and waste to energy and currently manages over 8,400 tonnes per day solid municipal waste.
Many in the US establishment must hope that the crisis would put the brakes on China's growing military might. Well, it ain't gonna happen, says T T Ram Mohan, who was appointed a member of the prime minister's economic advisory council on Wednesday, October 28, 2021.
November 8 marks 6 years after demonetisation. A K Bhattacharya reveals how the prime minister and the RBI worked together for months before Modi's 8 pm speech. A riveting excerpt from The Rise Of Goliath: Twelve Disruptions That Changed India.
'The book was NOT banned. There were NO book burnings. There were NO riots. The author was NOT sent death-threats. On the contrary, the plaintiffs pursued due process. The case is a textbook example of how to proceed with civilised, democratic dissent,' says Rajeev Srinivasan.
'Badminton at this level is a mental game.' 'Often just one or two points makes the deficit and often it's upstairs on the first floor that these things happen.'
The government on Monday said it proposes to incentivise incorporation of one person companies, a move that will benefit startups and innovators.
Addressing the annual Vijayadashmi rally at Reshimbagh ground in Nagpur, Bhagwat made a pitch for a review and reformulation of the National Population Policy keeping the next 50 years in mind.
Scams happen with high regularity because the price of getting caught is insignificant. Aggrieved investors run from the police to already clogged courts to find redress for issues for which financial regulators have been specifically set up. For over 3,750 years we have known what to do, but we don't do it, observes Debashis Basu.
The "intentions and motive" behind filing of the plea are evident from the fact that the instant project has been singled out by the petitioners despite several other agencies, including Delhi Metro, carrying out construction activities across the national capital, the Centre has alleged.
Noting there have been instances of "excess" by police and paramilitary personnel against the migrant workers, the court also asked authorities to consider "withdrawal" of criminal cases against some of them for violating social distancing norms.
Your promise to protect bankers for their commercial decisions is a huge confidence booster, but how does one define a commercial decision? Are our investigative agencies well equipped to dissect lending decisions of bankers?
EY Foundation India and India Paryavaran Sahayak Foundation have come up with a cost-efficient and scalable solution. The project involves spreading awareness and driving usage of in-field straw management practices among farmers, to reduce the air pollution caused due to crop residue burning.
'Where should shudra-OBCs go because of whom the nation is surviving?'
While inaugurating the projects, Modi said highways construction has reached 27-km a day from mere 12-km a day during the Congress regime.
While the scam highlights the need for an overhaul of the oversight mechanism of banks and of their internal controls, questions are being raised on why multiple audits failed to raise an alarm
In December 2016, the Supreme Court directed the central government to have a graded action plan to tackle the menace of air pollution. There are two plans - Comprehensive Action Plan and Graded Response Action Plan.
'Entry and qualification must not be through concession and must be reserved for only those who meet the stringent standards of the institution'.
The Centre on Thursday told the Supreme Court that being a constitutionally elected government it is acting responsibly to alleviate the suffering of people due to COVID-19 by making every possible effort to augment the supply of Oxygen.
Those who have crossed 50 must show the greatest urgency. They need to achieve a corpus that can sustain them and their spouses for at least 25-30 years after retirement.
The recent protests by employees of Urban Company and the case of a a Zomato delivery executive who died in a road accident point to the severely straitened condition of gig workers during the ongoing Covid-19 pandemic. Budget 2021 had promised several measures to help the cause of gig economy workers, but most of them are yet to see the light of day. Even after a year, the country's gig workers continue to be without any social security cover or a minimum wage guarantee. "In Budget 2021, finance minister Nirmala Sitharaman had announced that the government is looking toward including migrant and gig workers for social security benefits," says Srinivas Kotni, managing partner, Lexport, a consulting firm. Parliament had passed the Code on Wages in 2019 and Code on Industrial Relations, Social Security and Occupational Safety, Health and Working Conditions in 2020.
In a statement issued on Thursday, the Lakshadweep Research Collective said it along with 60 other signatories from the scientific community have written to President Ram Nath Kovind seeking his intervention to withdraw the "incautious draft" Lakshadweep Development Authority Regulation of 2021.
Highlighting the pendency of cases in various courts of the country, he said Indian legal system is marked by long delays and some of the reasons for it are infrastructure gaps and considerable vacancies, particularly in subordinate courts.
Under the watchful eyes of five wise men, who know the industry well, banks will not find it easy to hoodwink the system, says Tamal Bandyopadhyay.
Kerala on Wednesday recorded 31,445 fresh cases, which is 68.11 per cent of the national total -- 46,164 -- of new infections in the last 24 hours.
The Enforcement Directorate (ED) has summoned West Bengal Chief Minister Mamata Banerjee's nephew and Trinamool Congress MP Abhishek Banerjee and his wife for questioning in a money laundering case linked to an alleged coal scam in the state, officials said on Saturday.
Several Delhi hospitals treating Covid-19 patients faced a major medical oxygen crisis with their depleting stock for the second consecutive day, prompting the Centre to increase the city's quota to 480 metric tonnes against the AAP dispensation's demand of 700 MT.
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