State-owned Indian Oil Corporation (IOC) and a joint venture of billionaire Gautam Adani's gas arm and Total of France -- Adani Total Gas Ltd -- have bid for maximum number of licenses to retail CNG to automobiles and piped cooking gas to households in the latest city gas bidding round.
The Supreme Court on Monday said it will examine the interpretation of sedition law, particularly in the light of media rights and free speech, as it gave protection to Telugu news channels -- TV5 and ABN Andhrajyothi -- from any coercive action in a case lodged against them under the colonial era provision.
Mhada presently has only Mumbai and Nashik cities in mind. If it takes off here, the thinking is to extend this to Pune and Aurangabad, and then elsewhere, if a common formula could be arrived at.
E-commerce major Amazon on Wednesday said it will acquire Prione Business Services - its joint venture firm with Catamaran, subject to requisite regulatory approvals. Prione Business Services was formed in 2014 and was coming up for renewal on May 19, 2022. In August this year, Amazon and NR Narayana Murthy's Catamaran announced that they will not continue their JV beyond May 2022. The two parties had not disclosed the reason behind the decision.
The central government, in its typical sledgehammer style, has unleashed the might of its investigative agencies like the Enforcement Directorate against NCP and Shiv Sena leaders.
Videocon group promoter Venugopal Dhoot on Friday appeared before a court in Mumbai in the alleged ICICI Bank-Videocon money laundering case, and was granted bail.
Reliance Industries on Saturday said its Rs 24,713-crore deal with the Future Group cannot go ahead as secured creditors of the latter have voted against it.
The Income Tax department on Friday conducted separate 'survey operations' at the premises of online news portals Newsclick and Newslaundry in New Delhi, officials said.
The government on Monday urged private operators to play a big role in providing rural telephony across the country to reach a respectable level of teledensity.
The Finance Ministry has invited private sector bankers.
Thapar, 60, was arrested under the Prevention of Money Laundering Act (PMLA) on Tuesday night after the agency carried out raids against him and his linked businesses in Delhi and Mumbai, they said. He is expected to be produced before a court on Wednesday where the ED will seek his custody, they added. The ED has been probing an alleged transaction between his company Avantha Realty, Yes Bank co-founder Rana Kapoor and his wife, who are already being investigated under the PMLA by the agency.
The Reserve Bank on Wednesday permitted wholly-owned subsidiary (WOS) of foreign banks to acquire domestic private sector banks as well as set up branches anywhere in the country.
'It is the duty and responsibility of the public officer to proceed responsibly and ascertain the true and correct facts. Execution of law without appropriate acquaintance with legal provisions and comprehensive sense of their application may result in an innocent being prosecuted,' the apex court said.
Despite the 33 per cent reduction in roaming rates for mobile phones announced by private cellular operators, including Airtel and Hutch, their charges would still be almost double than that of state-owned BSNL.
The MHA said all the "glossy statements" about humanitarian work and speaking truth to power are nothing but a "ploy to divert attention" from their activities which were in clear contravention of laid down Indian laws.
Future Retail Ltd has said that SEBI's one-year ban on its chairman Kishore Biyani and some other promoters from the securities market will have "no impact" on the Rs 24,713 crore-deal with Reliance. Further, Kishore Biyani, some other promoters and Future Corporate Resources Pvt Ltd (FCRPL) plan to appeal against the order passed by Securities and Exchange Board of India (SEBI) on Wednesday. "The order will have no impact on the ongoing Scheme of Arrangement of the company. We understand that the relevant parties propose to challenge this order in exercise of their statutory right to appeal," Future Retail Ltd (FRL) said in a late-night regulatory filing on Wednesday.
The government on Tuesday asked the industry to make its stance clear on the issue of reservations in private sector.
The NCLAT, in its December 18, 2019 order, had restrained the company, its board of directors and shareholders from exercising the power under the article against minority members except in exceptional circumstances and in the interest of company. A bench headed by Chief Justice S A Bobde dealt with this issue in its 282-page verdict which set aside the NCLAT's order that had restored Cyrus Mistry as the executive chairman of the USD 100 billion salt-to-software conglomerate.
Private life insurers have entered into their eighth year of operations in the country but they are yet to generate profits.
Reserve Bank of India should introduce interest rate options based on Indian rupee benchmark, a financial derivative instrument, to meet future financing requirements of clients, according to the representatives of leading private banks.
A private bus that mowed down a teenager in Mukstar and another that crushed a 10-year-old girl belong to a transport company owned by SAD leader Hardeep Singh Dhillon.
All along, Rahul, right till today 10 years later, hung onto his gut feeling that something surely had happened to Sheena.
Raising its pitch against the UPA government's move to reserve jobs in the private sector, industry body FICCI on Thursday said it was no solution to unemployment in a market-driven economy and offered its services in imparting skills for generating
Prime Minister Manmohan Singh has assured the industry that the government would not impose its job reservation policy on the private sector and said steps would be taken to uplift the downtrodden.
After having allowed private Indian airlines to fly to SAARC countries, the Union Cabinet is likely to take a decision to permit them to launch operations to other international destinations in a month's time, civil aviation minister Praful Patel sai
The regulator had earlier asked these banks to submit a road map and give a time frame for paring promoters' shareholding to 10 per cent.
Naik, the founder of proscribed Islamic Research Foundation, has been asked to appear before the anti-terror agency at its headquarters in Delhi on March 14
The industry, which has been highly unregulated in the past and which continues to be so in states where the Private Security Agency Regulation Act has not been implemented, is still struggling to infuse some standard best practices. Karnataka, which has been on the radar of terrorists, has still to implement the Act,which would bring under perview all its current players and infuse standard practices.
The policy proposes a contingency plan to handle cyber attacks on vital installations and critical infrastructure.
The rights on offer are Indian Sub-continent Television Rights from 2018 to 2027 (10 IPL seasons), Indian sub-continent Digital Rights from 2018 to 2022 (5 IPL seasons) and Rest of the World Media Rights from 2018 to 2022 (5 IPL seasons).
The government is expected to defer the mega initial public offering (IPO) of LIC to the next financial year as the ongoing Russia-Ukraine war has dampened fund managers' interest in the public issue, market experts said on Sunday. The government was looking to sell 5 per cent stake in Life Insurance Corporation (LIC) this month, which could have fetched over Rs 60,000 crore to the exchequer. The IPO would have helped meet the curtailed divestment target of Rs 78,000 crore this fiscal.
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.
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