While passing the scrutiny of courts is a tough challenge, with eight proposed amendments to the insolvency law, the government has sought to turn the focus back on at least some of the functions of the bankruptcy law.
The Central Bureau India (CBI) on Monday alleged before a special court that Essar Group of companies had created a "corporate veil".
With the exit polls predicting Gujarat Chief Minister Narendra Modi led National Democratic Alliance government at the center, not only have the Bharatiya Janata Party leaders started allocating portfolios but also revealing their priorities for the next government.
At the immediate heart of the dispute is an inheritance that involves Rs 1,500 crore of shares that were bequeathed on a gift deed on a Rs 500 non-judicial stamp paper.
Imports too contracted by 28.72 per cent to $31.16 billion. Dip in exports and imports narrowed the trade deficit -- the difference between imports and exports -- in March to $9.76 billion, the lowest in the last 13 months.
Export sectors that showed positive growth last month included chemical, iron ore, electronics, marine products and pharmaceuticals. Decline in overall imports, including oil and gold, led to narrowing of trade deficit.
Barring rice, spices, iron ore and pharmaceuticals, all the remaining 26 key sectors registered negative growth in May. Imports too plunged 51 per cent to $22.2 billion in May.
Kashmir Valley on Saturday remained free from curfew and curfew-like-restrictions for the first time in the past two and a half months even as two youths were injured in police firing in Srinagar during protestor-security force clashes.
'Every piece of content, every thought, has stemmed from reality and personal experiences.'
Because of strong headwinds on Delhi-Istanbul route for the last two days, the low-cost carrier has been unable to take most of the check-in luggage in the same aircraft along with passengers, said an airline spokesperson.
"ArcelorMittal has shown interest in the stake buy and the due diligence will start soon," said an official familiar with the development. The Facor stock closed at Rs 23.5 a share on the Bombay Stock Exchange today. At the current price, the company has a market capitalisation of Rs 435 crore. However, the deal is expected at Rs 35 a share, about 50 per cent premium to the current market price.
Imports too declined by 16.31 per cent to $37.39 billion.
In A Suitable Boy, Mira Nair holds our hands and takes us through the magical journey, introducing us to so many fascinating characters from another era, observes Aseem Chhabra.
Manvendra Singh will take on the Rajasthan CM from Jhalrapatan constituency.
As splendid it is to behold, A Suitable Boy cannot match in soul and falls short of being memorable, feels Sukanya Verma.
Zenith has 900 authorised dealers and 450 exclusive retail showrooms called 'Zenith PC World' across India.
She received nearly 97.7 per cent of the votes in favour of her re-appointment, while nearly 2.32 per cent votes were cast against her
Security forces shot dead three militants in two separate encounters while militants made an abortive bid to attack a security picket with a grenade in the Kashmir Valley, official sources said on Wednesday. Militants hurled a grenade on a security picket at Saraf Kadal in downtown Srinagar on Monday night, the police said.
Indian Cricket League (ICL) on Monday filed a statement of claims before the arbiter, seeking damages of Rs 4 crore from Pakistani cricketer Mohammad Yousuf for alleged breach of contract.
After his megahit Marathi film two years ago, Navra Maza Navsacha, Sachin is ready with another upcoming Marathi blockbuster, Amhi Satpute starring Supriya and Ashok Saraf.
Some of the exiting entries for Lord Ganesha's visit straight from our readers' homes.
The brokerage, which previously had a target of 31,000, cited global growth concerns for revision in the target.
Upset with the removal of Subhash Velingkar as Goa RSS chief, over 300 Sangh workers have annouced that they will quit the organisation and vowed to "defeat" the Bharatiya Janata Party in the assembly polls next year if he is not reinstated.
The actor was in interesting company when she walked the ramp, Sunday, for Mumbai's designer-politician Shaina NC.
Groups of youth took to the streets at Press Colony and Khanyar in support of Naik.
You may be used to following a particular strategy during your mock papers of the Common Admission Test. However, you may feel tempted to change your strategy. Tempted to change it?
CAT trainer Naveen Saraf from IMS Learning Resources who chatted with CAT aspirants November 18 advised them to draw inspiration from the Mahabharata.
Ahead of discussions with Vodafone, Essar on Monday said it wanted 'partnership of equals' and 'joint management' in the country's fourth largest mobile venture Hutch-Essar, in which the UK giant is taking a majority stake.
Four leading IT companies - Zenith Computers, Microsoft Corporation India, Intel Corporation and Samsung India Electronics - have jointly launched 'Multiply', a solution for the Small and Medium Enterprise market.
The month also saw Adani Power acquiring the 600-Mw Korba West thermal power plant from the Gautam Thapar-led Avantha group for Rs 4,200 crore (Rs 42 billion).
Personal computer penetration in the country has almost trebled from 6.3 per 1,000 people in 2000-01 to 18 per 1,000 in 2005-06, according to data provided by the Manufacturers' Association for Information Technology.
Police believe that offering gun licence as reward for information on the accused will yield desired results in the area.
Rajasthan Chief Minister Vasundhara Raje on Saturday retained 46 ministries as she allotted portfolios of Rural Development and Panchayti Raj, Health and Mines among her Cabinet ministers.
'We have not taught children their rights and responsibilities, nor life skills,' says Mitali Saran.
While the fresh issue portion of IPOs has been going down over the years, this financial year has been abysmally low at only Rs 2,663 crore, 82 per cent lower compared to the last financial year.
Both partners would inject $200 million each in the form of equity and hold 50 per cent stake each. They plan to raise another $600 million in the form of debt to create a corpus of $1 billion to develop malls across tier-I, II and III cities.
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