The Essel group founder, Subhash Chandra has settled 91.2 per cent of his debt with 43 lenders, and the remaining dues are in the process of being paid. "I am happy to report that we have come out of the financial stress situation by settling 91.2% of our total debt to 43 lenders in 110 accounts. "About 88.3% of the amount has been paid, while the remaining 2.9% is in the process of being paid. "We are making all the required efforts to settle the remaining 8.8% of our total debt.
Naga splinter groups impatient with stalled talks as well as rebel Manipuri groups who have a stake in disrupting upcoming elections to the state assembly, are believed to be regrouping in the borderlands of China's Yunnan province and Myanmar, taking advantage of the turmoil in the latter by using it as a transit corridor.
Shobha Kapoor and Ekta Kapoor, managing director (MD) and joint MD of media firm Balaji Telefilms have failed to obtain requisite votes on resolutions pertaining to their remuneration. According to stock exchange disclosure made by the company, the two separate special resolutions on setting their salaries for the next years got 56.77 per cent and 55.45 per cent 'against' vote.
After five months of a rigorous training, the Agniveervayus passed out of the Airmen Training School, impressing the audience with the skills they had acquired in just 22 weeks of training at the IAF base.
The Union Home Ministry has issued showcause notices to six senior officers, including the Bathinda police chief, over the "major lapses in security" during Prime Minister Narendra Modi's visit to Punjab, officials said here on Friday.
It is the first project of its kind in which a military aircraft will be manufactured in India by a private company.
Banning the import of platforms that are already being built in India serves little purpose.
If other states follow suit, it is going to become difficult for the GST Council to decide on the next stage of reforms.
'Make in India is one of the priorities identified by Minister Sitharaman and this is our great weakness,' warns Vice Admiral Premvir Das.
Exporters on Thursday demanded fiscal incentives, tweaking in customs duties on certain products and credit at affordable rates in the forthcoming Budget to boost exports and create jobs. In a pre-budget virtual meeting with Finance Minister Nirmala Sitharaman, the Federation of Indian Export Organisations (FIEO) said the depreciation of the rupee against the US dollar is affecting exports' competitiveness and the sector requires more support. "Creation of employment is the biggest challenge faced by the country...We would urge the government to provide fiscal support to units which provide additional employment in the export sector," the exporter's body said.
Superseding the boards of two non-banking financial companies (NBFCs) in the Srei group will neither create liquidity challenges for sound entities, nor build systemic crises because the markets have factored in the problems with the Kolkata-based firms. Such regulatory steps will help in making the NBFC space more robust, bankers and market experts said. The action should have begun earlier because the Reserve Bank of India (RBI) had done a special audit last financial year and asked the group to make provisions for assets considered stressed, analysts said.
'We called on relevant countries to have dialogue and communication as soon as possible and launch a thorough investigation into this incident, strengthen information sharing and establish a notification mechanism in time to ensure the recurrence of such incidents and prevent miscalculation'
French sources say Hollande was motivated to speak out after an Indian media report revealed that the Reliance Group had part-funded a film venture by his domestic partner, French actress Julie Gayet.
"We continue to press for the release of detainees for the full restoration of everyday services, but most importantly, for roadmap to the restoration of political and economic normalcy," said Acting Assistant Secretary of State for South and Central Asia Alice G Wells.
One of the most dreaded terrorists in the world is now a member of the Taliban cabinet.
'People should realise that what we are fighting for today is actually for tomorrow, for future generations.'
Sri Lanka has also imposed a police curfew in Western Province for six hours.
'Cyrus was always very different. He would think before acting.'
The finance ministry has set up two committees of state finance ministers which would rework rate slabs, review GST exempt items and identify potential evasion sources. Four years after the roll out of the national Goods and Services Tax (GST), which replaced the complex indirect tax structure, the centre and states have started work on moving towards a "simpler rate structure in GST" by reviewing the current rate slabs, including special rates and merger of rate slabs. The Group of Ministers (GoM) on rate rationalisation would also review items under inverted duty structure to help minimise refund payout, and review the supply of goods and services exempt under GST with an objective to expand the tax base and eliminate breaking of input tax credit (ITC) chain.
The government on Wednesday issued a gazette notification announcing a slew of amendments to 138 Acts of Jammu and Kashmir that included protecting jobs up to Group-4 for only those who are domiciles of the Union territory. The notification said among the laws amended is the Jammu and Kashmir Civil Services (Decentralisation and Recruitment) Act.
The US has received enough petitions needed to reach the congressionally mandated 65,000 H-1B visa cap for the fiscal year 2022, a federal agency has announced. The H-1B visa is a non-immigrant visa that allows US companies to employ foreign workers in speciality occupations that require theoretical or technical expertise. Technology companies depend on it to hire tens of thousands of employees each year from countries like India and China.
There is nothing of the level of Yes Minister, House Of Cards, Madam Secretary or Veep but there are at least 10 Hindi series and an OTT-released film or two, to whet the viewer's appetite for power-mongering, corruption and intrigue.
The government and the ruling Bharatiya Janata Party have dismissed the Pegasus Project reports as concocted and evidence-less.
Gianiji had crafted his moves with the meticulous planning of a chess grandmaster. He did not know whether a checkmate was feasible, as his time was running out, but he wanted Rajiv Gandhi to smell the fear of loss. A fascinating excerpt from K C Singh's The Indian President: An Insider's Account of the Zail Singh Years.
Avoid clicking on any unknown links from strangers. Use a different, secure password for each social media account you have.
Accused circulated a video of themselves confessing to the killing and threatened to take PM Modi's life
President Droupadi Murmu will lead the nation in celebrating the Republic Day, and Egypt's President Abdel Fattah al-Sisi will be the chief guest at the ceremonial event.
The ED is contemplating a special audit of the account in the backdrop of rating agencies downgrading various debt papers of IL&FS.
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.
A government employee belonging to the Kashmir Pandit community was shot dead by suspected militants at his office in the Chadoora area of Budgam district of Jammu and Kashmir on Thursday, officials said in Srinagar.
The words 'industry', 'industrial development', 'jobs', and 'employment' have been ringing with higher frequency since Mamata Banerjee stepped into her third term with landslide victory after a high-octane election last year. "Our government's next target is industrial development," the chief minister (CM) had been heard stating at different public meetings in the past few months - perhaps setting the tone for the sixth edition of the Bengal Global Business Summit (BGBS) slated for later this month. Investor summits by any state are about intent, big numbers, and tall claims. Yet in competitive federalism, its importance as a marketing tool is undeniable.
This was Shorey's highest first-class score in 45 matches, with his previous best being 145. The double-century will do more good to his already healthy batting average of 48.49.
The people behind the killing of a police sub-inspector in Khanyar locality in Srinagar have been identified and will be brought to justice soon, Jammu and Kashmir Police chief Dilbag Singh said on Sunday.
India achieved a major milestone in its vaccination programme against COVID-19 as the cumulative vaccine doses administered in the country surpassed the 200-crore mark on Sunday.
PM's residence and office were not affected by the fire. The fire broke out at the SPG reception area.
Police and Central Reserve Police Force personnel were deployed in strength across the valley, especially Srinagar city, to ensure that the plans of separatists to disturb peace do not succeed
In a statement, the police said that they were treating the incident as a serious issue, and the Serious and Organised Crime Department was investigating it with "utmost urgency."
A special Indian team is camping in Manitoba to assist ongoing investigations by Canadian agencies and to render any consular services for the victims.
SBI will auction two non-performing accounts (NPAs) next month to recover dues of over Rs 313 crore, according to a notice by the lender. The two accounts to be put up for e-auction on August 6 are Bhadreshwar Vidyut Pvt Ltd (BVPL) with a loan outstanding of Rs 262.73 crore and GOL Offshore Ltd with Rs 50.75 crore dues. "In terms of the bank's policy on sale on financial assets, in line with the regulatory guidelines, we place these accounts for sale to ARCs/banks/NBFCs/FIs, on the terms and conditions indicated there against," SBI said in the notice. The reserve price for the auction of Bhadreshwar Vidyut is set at Rs 100.12 crore and for GOL Offshore at Rs 51 crore.
The Centre told the Bombay high court on Tuesday that a door-to-door COVID-19 vaccination programme for senior citizens, specially-abled, bed-ridden and wheelchair-bound people is currently not possible, but it has decided to start 'near-to-door' inoculation centres.
