The Supreme Court has dismissed an appeal by Byju Raveendran, upholding the NCLAT's decision to reinstate the original Committee of Creditors (CoC) in Think & Learn Private Ltd's insolvency proceedings, which includes Glass Trust Company LLC as a major lender.
'Refiners may soon be forced to adjust operations, curtailing runs as product exports stall and directing output solely to domestic markets.'
Indian exporters are unlikely to receive direct tariff refunds from the US's $166 billion payout, but the rollback of reciprocal duties is enhancing their pricing power and improving order prospects, particularly in textiles, apparel, and engineering goods.
Over the past three years, the appointments of 20 candidates selected through the Institute of Banking Personnel Selection were cancelled or offers were withdrawn due to poor credit history.
Bollywood actress Disha Patani's sister, Khushboo Patani, rescued an abandoned infant from a dilapidated structure in Bareilly. Khushboo climbed over a wall to reach the baby, who was found near Disha's residence. The infant was admitted to the district hospital for treatment, and police are investigating the incident to identify those responsible for abandoning the child.
Former Resolution Professional of insolvency-bound edtech firm Byju's has moved appellate tribunal NCLAT challenging disciplinary action recommended against him by the Bengaluru bench of NCLT.
The Indian regulator played key role in uncovering the identity of two Indian men who floated the scheme
Edtech company Byju's, which was once India's most valuable start-up worth an estimated $22 billion, will face insolvency proceedings for failure to pay Rs 158.9 crore to cricket board BCCI. The Bengaluru bench of the National Company Law Tribunal (NCLT) on Tuesday allowed bankruptcy proceedings against the firm and appointed an interim resolution professional, suspending the company's board of directors and freezing its assets.
Towards the end of February, the Reserve Bank of India (RBI) restored the risk weighting on banks loans to non-banking financial companies (NBFCs; including to microfinance institutions, or MFIs) to 100 - back to its November 2023 position - from 125. It is only a partial relief though. "Higher risk weighting on unsecured lending continues to be in place while the same on bank funding to NBFCs has been done away with. "This is a positive step by RBI," says Rajiv Sabharwal, managing director (MD) and chief executive officer (CEO), Tata Capital.
Edtech company Byju's parent Think & Learn will challenge the National Company Law Tribunal's (NCLT's) order on insolvency proceedings and may approach the National Company Law Appellate Tribunal (NCLAT) in the next few days, a source claimed. With the NCLT appointing Pankaj Srivastava as the interim resolution professional (IRP), time is running out for Byju's as the committee of creditors (CoC) begins to be formed.
Foreign investors turned net sellers in October, withdrawing shares worth Rs 58,711 crore in the month so far owing to escalating conflict between Israel and Iran, a sharp rise in crude oil prices, and the strong performance of the Chinese market. The outflow came following a nine-month high investment of Rs 57,724 crore in September. Since June, Foreign Portfolio Investors (FPIs) have consistently bought equities, after withdrawing Rs 34,252 crore in April-May.
ITo steer clear of sanctimonious newspaper stories all your life, and then be saddled with movies like Kadak Singh -- now there's a rotten bit of luck worth moaning about, sighs Sreehari Nair.
A day ahead of the interim Budget, India slashed import duty on spare parts, like battery cover, lens and SIM socket, used in mobile phone manufacturing to 10 per cent, from 15 per cent. The duty cut is aimed at boosting local production and exports, as well as reducing prices in local markets. The finance ministry on January 30, notified the cut in duty on all goods for use in manufacture of cellular mobile phones to 10 per cent.
IC 814: The Kandahar Hijack begins by asking why the hijack lasted seven days and ends in wondering if the good guys fought the bad ones hard enough, observes Sukanya Verma.
The Congress has alleged that she was arrested on Monday while she was on her way to Lakhimpur Kheri.
Amazon Prime Video has announced a huge number of assorted Web series and movies, and the slate sure looks interesting.
Amazon Prime Video has announced 69 assorted Web series and movies, and the slate sure looks interesting.
Existing norms mandate 2/3rd of members of an airline's board must comprise Indian nationals
Pant, a 1991-batch Indian Administrative Service officer of Rajasthan cadre, is currently secretary in the ministry of ports, shipping and waterways.
The move will help to reduce Air India's distribution cost by 60 per cent
It records 4,000 transfer passengers daily at Delhi hub.
The acquittal of four men accused in the 2008 Jaipur serial blasts case by the Rajasthan high court has come as a shock to many, including those who lost their loved ones or were themselves injured in the terror attack and are living with the bad memories.
Luka Chuppi delivered a big success for Director Laxman Utekar, and its stars Kriti Sanon and Kartik Aaryan.
Non-BJP chief ministers are retaliating. If the Centre can use its agencies to threaten, intimidate and jail its rivals, so can they. The fightback will get more intense, observes Shekhar Gupta.
Government headhunter PESB on Friday did not find anyone suitable from nine candidates, including two serving IAS officers, to head India's largest oil and gas producer, ONGC. The Public Enterprise Selection Board (PESB) interviewed 9 out of the 10 candidates who had applied for the post of chairman and managing director of Oil and Natural Gas Corporation (ONGC). "Keeping in view the strategic importance and vision for the company and its future, the Board did not recommend any candidate and decided to constitute a Search Committee," PESB said in a notice after interviews. Those interviewed included senior bureaucrats Avinash Joshi and Niraj Verma.
Senior bureaucrats Avinash Joshi and Niraj Verma are among the 10 candidates who are in the race to become chairman and managing director of India's largest oil and gas producer, ONGC. Mangalore Refinery and Petrochemicals Ltd (MRPL) director-finance Pomila Jaspal and ONGC director for technology and field services Om Prakash Singh are the other prominent names in fray for the top job, according to a candidate shortlist by the Public Enterprise Selection Board (PESB). PESB - the government headhunter - will hold interviews to select the new head of Oil and Natural Gas Corporation (ONGC) this week. Both the bureaucrats are from the 1994 batch of IAS officers belonging to the Assam-Meghalaya cadre.
At least 12 passengers were killed and two others missing after a Maharashtra state transport bus fell into the Narmada river from a bridge in Madhya Pradesh's Dhar district on Monday, officials said.
Anurag Kashyap's classic Black Friday is a must watch film.
Quite a few singers and musicians turned up.
US regulator seeks Sebi's help in probing online Ponzi scheme run by duo under American names
A look at the arrivals.
In the entire 2017, FPIs put in a collective amount of Rs 2 trillion in equity and debt markets
The entire campaign in Lucknow is based on Narendra Modi -- there is little mention of the BJP candidate, a certain Rajnath Singh. Some locals wonder, 'Rajnathji is not coming to campaign in Lucknow. How will he take care of this city after he wins?' Syed Firdaus Ashraf/Rediff.com reports from Lucknow.
The hits and misses of the week.
The double-decker bus belonged to Awadh Depot and was going to New Delhi from Lucknow.
A round-up of Ranji matches played across India on Thursday.
Kapil Dev's historic World Cup win wasn't the only highlight of 1983. Sukanya Verma looks back how the year treated Bollywood.
There is no shortcut to playing first-class cricket.
Given the controversy over Uttar Pradesh's population control moves, Hemant Shivsaran/Rediff.com digs deep to find out how many children BJP MLAs in UP have.
A talented Central Zone team led by Piyush Chawla is aiming to come out firing all cylinders when it squares off with an equally combative South Zone side in the final of the Duleep Trophy, starting in New Delhi, on Wednesday.
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