The National Company Law Tribunal has directed to start insolvency proceedings against OYO Hotels and Homes Pvt Ltd on March 30, according to a public announcement by the interim resolution professional.
I am not sure if Modi can ever act as a chowkidar, even if he wants to. But he can surely act as a thanedar, by ensuring a fast resolution of corruption cases once they come to light. Exemplary action is easier and will burnish his anti-corruption image, argues Debashis Basu.
'She violated NSE procedures and rules, corporate governance norms; Chitra acted maybe within her capacity as MD and CEO, but not in the right spirit.'
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.
On February 22, 2013, the Reserve Bank of India issued guidelines on 'Licensing of New Banks in the Private Sector'.
Dhaka emerged as the free capital of independent Bangladesh on December 16, 1971 after the war between India and Pakistan broke out on December 3 when the Indian troops directly stood beside the Mukti Bahini soldiers.
In an internal communication to airlines' employees, he reflected on the urinating incident to say that "the repulsion felt by the affected passenger is totally understandable and we share her distress.
It is baffling how the PM chose the LCH as an indigenous product to celebrate on Rashtriya Raksha Samarpan Parv, even while his Cabinet holds up manufacturing clearance for 15 LCHs on the grounds that they are not Indian enough.
The country's largest software services firm Tata Consultancy Services on Monday opened the fourth-quarter earnings season with a stellar set of numbers, crossing the Rs 50,000 crore revenue mark for the first time and earning a net income of Rs 9,926 crore, registering a growth of 7.4 per cent year-on-year. The company said its revenue jumped 15.8 per cent to Rs 50,591 crore in the reporting quarter on an annualised basis. Many analysts were expecting the Tata group flagship to report over Rs 10,000 crore of net income and revenue to cross the Rs 50,000 crore mark this quarter.
Here's what you can do to keep your gadget safe.
'People on the wait list will be accommodated for vaccination when the scheduled beneficiaries don't turn up.'
'The F-21's capabilities far exceed all other torpedoes currently in service.'
Lack of clarity on data-sharing persists, public health experts sceptic about the pilot that was run in six Union territories as benchmark for national roll-out
Is Apple going the Android way? Some of the features and enhancements in iOS 14 might make you think the smartphone giant is trying to introduce some android experiences into its ecosystem, says Ashish Narsale/Rediff.com.
With the dizzying rise in the number of Covid-19 cases in the country, India Inc has transitioned from a wait-and-watch policy to full-on emergency mode, bringing back remote and flexi work, stringent safety protocols, and allowing only essential travel. Companies - especially in metros like Delhi, Mumbai and Kolkata - that had adopted a hybrid work model during the last few months when the caseload remained low, are either switching back entirely to work-from-home (WFH), or calling skeletal staff to office on select days. Take the case of cigarettes-to-hotels major, ITC, which had been on a hybrid work model over the last few months.
Upcoming payment banks will lift lower income groups in distant villages.
India's Permanent Representative to the UN Ambassador T S Tirumurti said India remains on the side of peace.
When was the last time we heard this government speaking of the disaster in primary education, rather than Ganga cruises and cheetahs? Less money -- Rs 88,000 crore -- was spent by the Union government on education in its last Budget than has been allocated to the Bullet train, notes Aakar Patel.
The insurance regulator wants the removal of the minimum entry capital requirement of Rs 100 crore for setting up an insurance business in a bid to facilitate the entry of multiple players such as standalone micro insurers and niche players. Debasish Panda, chairman, Insurance Regulatory and Development Authority of India (Irdai), said it should be left to the regulator instead to decide what should be the entry fee for interested players, depending on the size of the business and operations. According to the current norms, insurers are required to have a minimum paid-up capital of Rs 100 crore.
It may be a 'no-go' for banking licences to large industrial houses.
India took the first step towards legalising drones by officially publishing draft rules for drone operations in the Official Gazette on Friday. The rules, termed The Unmanned Aircraft System Rules, 2020, are open for public consultation for 30 days.
Two powerful US Senators have urged President Joe Biden not to impose provisions of the punitive Countering America's Adversaries Through Sanctions Act against India for buying the S-400 surface-to-air missile system from Russia.
The move will increase working capital requirement for brokers, raise the work load on the system and will leave little room for contingencies.
The coming together of the Quad and the Australia-UK-US grouping would be a formidable adversary, moving toward the creation of a 'thousand ship navy' that reins in the PLA navy in the Indo-Pacific.
India may adopt norms similar to the US Federal Reserve model, which regulates conglomerate-led banks in the country.
'When armies start attacking with clubs and batons, then at some point this can take an escalatory spiral and spin out of control.'
Indian intelligence agencies have often claimed that left-wing extremists are trying to make inroads in the militancy-hit regions of north-east to foment further unrest. But Jaideep Saikia, noted terrorism and conflict analyst, claims, "People who speak of Maoism taking roots in the north-east have not read history".
Future Group and V-Mart have put in place systems to prevent panic buying at their neighbourhood grocery stores.
The infra-major going belly up cracked open some major flaws in the system - the most evident being weak corporate governance and how layers of corporate structures could be formed adding to the opaqueness of the group.
'There is a plan to add a '19 plus' level where all these boys could be integrated'
Officials said this was another example of Pakistan misusing higher studies as bait for recruitment in terror groups.
Billionaire Mukesh Ambani on Wednesday pitched for using the USO Fund to subsidise smartphones for select groups to help penetrate the digital revolution and said India should make the rollout of 5G or the fifth-generation technology standard for broadband cellular networks a national priority. As much as 5 per cent of the licence fee paid by telecom operators goes to the Universal Service Obligation (USO) Fund, which was set up in April 2002 for achieving universal service objectives by providing access to telephone services in rural and remote areas and creation of infrastructure for mobile services and broadband in these areas. However, according to the CAG, less than half of the funds so collected are transferred for the said purpose.
The UN Security Council Resolution 2309 calls governments to meet their responsibility to keep citizens secure while travelling by air.
After initial 'zero infiltration' in the wake of renewed ceasefire agreement between India and Pakistan in February, fresh attempts are on to push terrorists from across the border where 250 to 300 terrorists are trained and waiting on the launch pads, Jammu and Kashmir Director General of Police Dilbag Singh said on Tuesday.
Smartphone maker BlackBerry will sell most of its real estate holding in Canada in a bid to improve operational efficiencies as the firm is facing mounting losses and unsold handset inventory.
AP Moller-Maersk, one of the affected entities globally, operates the Gateway Terminals India at JNPT.
To further strengthen the supervision on non-banking entities (NBFCs), the Reserve Bank on Tuesday issued revised guidelines on a Prompt Corrective Action (PCA) framework for such companies, excluding government-owned ones, effective from October 1, 2022, on the lines of what it had introduced for banks in 2002. The RBI came up with stricter supervisory norms under the PCA framework for banks after their bad loans mounted and balance-sheets bled badly. This involved restricting them from fresh lending, brand opening and, hiring, among others. The RBI said the revised PCA framework is also applicable to all deposit-taking non-banking financial companies (NBFCs), all non-deposit taking NBFCs in the middle, upper and top layers, including investment and credit companies, core investment companies, infrastructure debt funds, infrastructure finance companies and microfinance institutions.
Putin also told his French counterpart that Kyiv does not comply with the agreements reached with Moscow on the evacuation of civilians from combat areas, the Kremlin said.
