The insolvency process of debt-ridden Reliance Capital Ltd (RCL) on Tuesday hit a roadblock as the NCLT Mumbai has stayed the resolution process on the plea of Torrent Group. The stay order was issued by the National Company Law Tribunal (NCLT) as the Ahmedabad-based Torrent Group challenged the revised bid from Hinduja Group, sources said. Torrent Group, which emerged as the highest bidder with an Rs 8,640 crore offer, had moved the NCLT-Mumbai against Hinduja Group's late revised bid, which it had submitted after the completion of the e-auction process on December 21.
'After Modi, Yogi is the most popular face of Hindutva, but it's too early to say that he is someone who could succeed Modi.'
The government and Reserve Bank of India are working on opening a massive Rs 75,000 crore refinance window to provide concessional funds for infrastructure, housing and small and medium enterprises by partly leveraging the country's foreign exchange reserves.
The Enforcement Directorate (ED) on Friday carried out simultaneous raids at the houses of around a dozen people, including two ministers, in connection with its investigation into the teacher recruitment scam and seized huge amounts of cash.
Verdicts paving the way for construction of a Ram Temple at Ayodhya and India's multi-billion dollar Rafale fighter jet deal with France were 2019's landmark imprints of the Supreme Court, which also found itself at the centre of a controversy with then Chief Justice of India Ranjan Gogoi being accused of sexual harassment before getting the clean chit.
'As CIC, you have the power to comment on policy matters. 'If you have very strong beliefs and you know your rulings will be reported, you will express your beliefs.'
According to sources, the two fund managers allegedly made illicit gains worth Rs 150 crore to Rs 200 crore through front-running.
West Bengal Governor Jagdeep Dhankhar was on Saturday announced as the Bharatiya Janata Party-led National Democratic Alliance's vice presidential candidate.
Sanath Jayasuriya is both 'angry' and 'sad' to witness his beloved Sri Lanka grapple with enormous financial crisis and civil unrest but the former cricketer is expecting that democracy will soon be restored in the island nation.
A naturally reclusive nature and a conviction for the work to do the talking meant there was very little known about Mistry even during his time at the helm of Tata Sons. He did not do a single media interview from Bombay House.
More than Rs 8 crore unaccounted cash has been seized in subsequent raids at various locations by Lokayukta. The arrested officer's father is Madal Virupakshappa, the MLA representing Channagiri constituency in Davangere district of the state.
Poor governance and mediocre short-sighted politics are destroying the paradise that Goa was as its environment, water table, culture and way of life is drastically threatened by tourism and migration, points out Ramesh Menon.
'India will want a lot of help from the US, but it's not going to want US troops.'
"President of Sri Lanka Gotabaya Rajapaksa is still in the country, I made a mistake in the (BBC) interview," Speaker Abeywardena told ANI in a telephone call.
The Indian junior men's team beat Pakistan in a thriller in the final of the Men's Junior Asia Cup 2023.
'We don't know when the BJP tried to induct Sourav Ganguly into the party. Sourav Ganguly is a cricketing legend. Some people are now shedding crocodile tears about the changes in BCCI. Did they have any role when he took over as BCCI president? The TMC should stop politicising every issue.'
Buffalo meat was on Wednesday back on the menu of the Kerala House in New Delhi and was lapped up by the lunch-time crowd as the items that were briefly discontinued following a row that saw police carry out a raid at the canteen were sold out within "45 minutes".
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.
Reliance Industries, construction major L&T and IRB Infrastructure are some of the top companies that have used an infrastructure investment trust structure to reduce part of their debt and generate returns for their investors. Earlier this month, IRB Infrastructure InvIT was listed on the National Stock Exchange, giving its investors an option to exit by selling their units. The listing came within months of the Securities and Exchange Board of India's (Sebi's) guidelines for conversion of private unlisted InvITs into listed ones were issued.
'We didn't realise what a tsunami The Kashmir Files was going to be.'
US President Joe Biden and his Chinese counterpart Xi Jinping on Monday held their first in-person meeting in Bali, with both leaders underscoring the need to manage their differences and prevent a conflict, amid Beijing's coercive military posturing against Taiwan and in the strategic Indo-Pacific region.
Taiwan considers itself a sovereign state -- but China views the self-ruled island as a breakaway province. Beijing has not ruled out the possible use of force to achieve unification.
The FIH also stated that the draw of the Men's Hockey World Cup, to be hosted jointly by Bhubaneswar and Rourkela from January 13 to 29 next year, will take place as per schedule on September 8.
'Many non-resident taxpayers faced issues in filing Form 10F since the portal didn't allow those who didn't have PAN to file the form.'
Singh said the warship's commissioning will boost India's maritime power.
Raising the issue during Zero Hour, Gandhi demanded immediate withdrawal of the objectionable question and a review into the 'gravest lapse'.
The PM has assets worth Rs 2.5 crore including a residential plot in Gujarat's Gandhinagar, fixed deposits of Rs 1.27 crore and Rs 38,750 cash in hand.
'I did a small role in Masoom.' 'Do you remember the scene where an old man brings Jugal Hansraj to Naseer's house?' 'I put on the full make-up of an old man and stood in front of Shekhar.' 'He had no choice but to take me.'
The Securities and Exchange Board of India (Sebi) could soon issue interim orders imposing a market ban on the two former fund managers of Axis Mutual Fund (MF) for suspected front-running of trades, said people with knowledge of the development. "The market regulator has gathered prima facie evidence that demonstrates that the duo has violated the integrity of the market. "While a detailed investigation is still pending in the matter, Sebi could take action under Section 11 (4) to prevent further harm to the investors and the securities market," said a source.
For the first time, non-upper castes are in a majority in the board, as the party continues with its outreach to traditionally weaker and backward sections of society.
Ms Usha may soon discover that winning four gold medals at the Asian Games and qualifying for the Los Angeles Olympics is a walk in the park compared with the challenges of stabilising governance at the IOA, observes Kanika Datta.
Their mortal remains are expected to arrive in the national capital in a military plane by Thursday evening, the sources said.
Bihar Chief Minister Nitish Kumar seems intent on mending fences with estranged former colleagues as part of the spadework for posing a credible challenge to the Bharatiya Janata Party's national hegemony.
The Allahabad High Court has quashed the detention of three men under the stringent National Security Act for cow slaughter, saying the issue may be a matter of law and order but not public order.
'When a Project Director is appointed, the whole organization -- including the Chairman ISRO -- works for his success. It is a lesson that has been of abiding value all through the other projects I have worked on,' recalls the late President, one of the earliest pioneers at ISRO.
Nancy Pelosi's gritty refusal to backtrack on her plans to visit Taiwan is part of who she is.
'Fearlessness, courtesy, humour, wide interests and wisdom, deep commitment to science and technology, passion for the environment, objectivity and the ability to see many things through not only a national but also an international prism.'
In unprecedented scenes, supporters of former prime minister Imran Khan on Tuesday stormed the Pakistan Army headquarters in the garrison city of Rawalpindi and the Corps Commander's residence in Lahore after his dramatic arrest in a corruption case.
With an eye on the crucial Uttar Pradesh assembly election, BJP's national executive will begin its two-day meet in Allahabad on Sunday which will be attended by Prime Minister Narendra Modi and party president Amit Shah among others.
The RBI on Thursday filed an application for initiation of Corporate Insolvency Resolution Process (CIRP) against debt-ridden Reliance Capital at the Mumbai bench of the National Company Law Tribunal. The Reserve Bank had on November 29 superseded the board of Anil Ambani-promoted Reliance Capital Ltd (RCL) in view of payment defaults and serious governance issues. The central bank had also appointed Nageswar Rao Y (former executive director, Bank of Maharashtra) as the administrator of the company.
