A European cargo airline has moved the National Company Law Tribunal seeking expeditious acquisition of three Jet Airways B777-300 aircraft. The application is by a Malta-based Ace Aviation VIII Limited, which emerged as a successful bidder in the auction of three Boeing 777-300ER aircraft. The firm is part of a Belgium-based cargo airline and its application will be heard on Wednesday.
'This is a first-of-its-kind partnership in the Indian media & entertainment landscape, and this association with Disney Star reflects our sharp, strategic vision for the sports business India.'
Banks have written off bad loans worth Rs 10,09,511 crore during the last five financial years, finance minister Nirmala Sitharaman informed Parliament on Tuesday. The non-performing assets (NPAs), including those in respect of which full provisioning has been made on completion of four years, are removed from the balance sheet of the bank concerned by way of write-off, she said in a reply to Rajya Sabha. "Banks write off NPAs as part of their regular exercise to clean up their balance sheet, avail tax benefit and optimise capital, in accordance with RBI guidelines and policy approved by their boards.
The Mumbai bench of the National Company Law Tribunal (NCLT) on Wednesday directed Zee Entertainment to convene a shareholders' meet on October 14 for approving the merger with Culver Max Entertainment (formerly Sony Pictures Network). The order, passed on August 24, but uploaded to the bourses on Wednesday, comes close on the heels of the Competition Commission of India (CCI)'s observation that the $10-billion merger could hurt competition and that greater scrutiny of the deal was needed. "This Tribunal hereby directs that a meeting of the equity shareholders of the applicant company (Zee) be convened and held on Friday, October 14, 2022 at 4 p.m. for the purpose of considering, and if thought fit, approving the proposed scheme," the NCLT order read.
In New Delhi, Singh will continue US administration's ongoing consultations with India, and advance a range of issues in the US-India economic relationship and strategic partnership.
The Zee saga will see a long-drawn-out court battle before shareholders get any chance to vote on any proposal by the management or Invesco, says Prosenjit Datta.
The actor was too cute to handle in a traditional look, as she strode the Lakme Fashion Week Summer/Resort runway.
Air India, under its new Tata management, has taken a Rs 60,800 crore ($8 billion) cover by paying Rs 266 crore premium to a clutch of insurance companies, including Tata AIG General Insurance. The airline managed to get a better deal as it valued its fleet lower by almost $2 billion. The new management held extensive negotiations - both in India and London, to get a good deal considering the rising premiums due to the ongoing Russia-Ukraine war.
Foreign ministers of G20 major economies will meet in the national capital on March 1 and 2 to deliberate on pressing global challenges amid escalating confrontation between Russia and the West over the Ukraine conflict that entered the second year this week.
Tara Sutaria, who made her Bollywood debut in 2019 with Student of the Year 2, celebrates her 26th birthday on November 19.
BSE benchmark Sensex plummeted 778 points to close below the 55,500-level on Wednesday following a broad-based selloff in global markets as the Russia-Ukraine crisis escalated. The 30-share BSE index ended 778.38 points or 1.38 per cent lower at 55,468.90. Similarly, the NSE Nifty plunged 187.95 points or 1.12 per cent to 16,605.95.
The Maharashtra government has framed rules to prevent honour killings, 'khap panchayat' diktats, mob lynching as well as violence, and asked the director general of police to apprise personnel across the state force of their implementation, an official said on Friday.
Namrata Thakker takes a peek at their travel diaries.
There were instructions from the chief minister, the administration stated, that 'no punitive action be taken and the attacker be provided all necessary medical support.'
All roads led to Arpita Khan and Aayush Sharma's Eid party, as Bollywood's A-listers -- power couples and surprise guests -- looked their festive best.
India's tweaking of IT rules allow formation of Centre-appointed panels, that will settle often-ignored user grievances against content decision of social media companies, Minister of State for IT Rajeev Chandrasekhar said, adding that this was necessitated due to the "casual" and "tokenism" approach of digital platforms towards user complaints so far.
Trust us, these noteworthy traditional looks won't let you down ever.
Investment firm Invesco Developing Markets Fund, the largest shareholder in Zee Entertainment Enterprises, on Thursday said it will support the Zee-Sony merger deal and has decided not to pursue the call for ZEEL EGM to remove managing director and CEO Punit Goenka and two independent directors. The company said it will support the merger of Zee and Sony, contending the "deal in its current form has great potential for Zee shareholders" but added if it is not completed as currently proposed, Invesco retains the right to requisition a fresh EGM. Two days after the Bombay high court ruled that Invesco's call for EGM was legally valid, the investment firm in a statement said, "Since we announced our intention to requisition an EGM and add six independent directors to Zee's Board of Directors, Zee has entered into a merger agreement with Sony.
It offers a real opportunity for the flag carrier to compete on the world stage, backed by a leading conglomerate with deep pockets like the Tatas, observes Indrajit Gupta.
Jet Airways has complained to India's aviation regulator about the use of its livery on SpiceJet aircraft, saying the practice could "mislead the public" and is a safety hazard. Jet collapsed in 2019 and lessors repossessed its Boeing 737s. Some of these aircraft were leased to SpiceJet, which operates them without changing the livery. Jet, which is now being revived by the Kalrock Jalan consortium and aims to restart operations in September, has asked the Directorate General of Civil Aviation (DGCA) to ask SpiceJet to stop using its livery.
The narco analysis test on Aaftab Amin Poonawala, who has been accused of killing live-in-partner, will not be conducted on Monday even as the process required to do it has been initiated, officials said.
Gag orders have a "chilling effect" on the freedom of speech, the apex court said while refusing to accept the submission of the counsel representing Uttar Pradesh that Zubair be barred from tweeting when he is on bail.
'I was stunned when he started crying and profusely apologising to me, begging me not to lodge a complaint against him because he is a family man and did not want his wife and child to be affected by this incident'
'There are reports that the Biden administration is contemplating imposing CAATSA sanctions against India, the largest democracy on Earth'
Convenor of the Minority Coordination Committee (MCC) Mujahid Nafees issued contempt notices to the officers after some policemen were seen publicly flogging the accused in Undhela village in Kheda on Tuesday.
"This is something to be proud of," said Raj Panjabi, who is currently serving as Senior Director for Global Health Security and Biodefence on the White House National Security Council.
Punit Bisht recalls emotional stand with old buddy Kohli
Benchmark indices failed to hold on to early gains and closed in the red for the seventh straight session on Thursday, with participants remaining in wait-and-watch mode ahead of the RBI's interest rate decision. Unabated selling by foreign funds added to the pressure, though a modest recovery in the rupee cushioned the fall, traders said. After rallying in early trade, the 30-share BSE Sensex came under selling pressure in the afternoon session and closed 188.32 points or 0.33 per cent lower at 56,409.96.
George Soros, who is in the eye of the storm over his remarks against Prime Minister Narendra Modi on the Adani issue, is an Hungarian-born American financier, philanthropist, and activist whose success as an investor made him one of the wealthiest men in the world. He is also known as a powerful and influential supporter of liberal social causes. In a speech at the Munich Security Conference on Thursday, the billionaire philanthropist said he believes the turmoil at Gautam Adani's business empire may weaken Prime Minister Narendra Modi's hold on the government, a statement which was strongly contested by the BJP as an attack on Indian democracy.
Holding that Air India's conduct appeared to be 'unprofessional', aviation regulator Directorate General of Civil Aviation (DGCA) on Thursday issued notices to the officials and crew of the New York-Delhi flight, asking why action should not be taken against them for 'dereliction' of duty while handling the November 26 'urination' incident.
Jet Airways, which is yet to resume operations under its new owner, will reduce salaries for various staff and send many employees on leave without pay, amid uncertainty over resumption of its operations. The measures, which will be effective from December 1, were revealed hours after the winning bidder Jalan-Kalrock Consortium (JKC) said it might take "difficult" near-term decisions to manage cashflows. The once-storied airline shuttered operations in April 2019 and JKC's resolution plan was approved under the insolvency process by the National Company Law Tribunal (NCLT) in June last year.
A special court in Moradabad has acquitted all 74 accused, including UP Cabinet minister Bhupendra Singh Chaudhary and local Bharatiya Janata Party legislator Ritesh Kumar Gupta, for allegedly attacking policemen during the protest in Kanth area of the district in 2014.
The victims of the 2008 Malegaon blast case have written to the chief justice and registrar of Bombay high court requesting them to extend the tenure of special NIA judge PR Sitre, who has been presiding over the trial since August 2020.
The US has already imposed sanctions on Turkey for the purchase of a batch of S-400 missile defence systems.
The full-court press on India over Ukraine, the BBC 'documentary', the Oxfam report, the Hindenburg attack on Adani and obliquely on the Indian economy, and any number of other acts are signs that India is a target, warns Rajeev Srinivasan.
On Sunday, Pakistan defeated India by 10 wickets and none of the Men in Blue bowlers were able to leave an impact as Babar Azam and Mohammad Rizwan took the bowling to the cleaners.
Analysts suggest making separate firms of tobacco, hotels and FMCG divisions
'They are both very individualistic and have similar personalities.'
Win one gold, 3 silvers on final day of competition.
