Tata Group-owned Air India has informed the Centre that aircraft lessors wish to set up their special purpose vehicles (SPVs) outside India since they aren't enthused about the Indian 'legal structure' and are loath to take risks. Indian airlines have a combined fleet of about 700 planes; over 85 per cent are on lease. A majority of lessors are based in Ireland due to its attractive tax policy, light-touch regulations, and swift legal system.
The apex court also issued notice, including to the Centre through the office of the attorney general, on Ranjan's plea seeking clubbing of FIRs and protection from coercive action.
The ED is contemplating a special audit of the account in the backdrop of rating agencies downgrading various debt papers of IL&FS.
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 Pakistan army is staring at the greatest, scariest, existential threat to its power in their country. This threat has come from a populist riding democratic power, observes Shekhar Gupta.
'In the 1971 War my battalion suffered 4 casualties after fighting for 14 days.' 'In Operation Blue Star, I lost 19 men in just one hour.'
A 38-year-old Indian frontline warrior in the United Arab Emirates was on Thursday discharged from hospital after he made a miraculous recovery from COVID-19 that seriously damaged his lungs and left him in an unconscious state for six months.
The government intends to continue with the top GST slab of 28 per cent for luxury and sin goods, but is open to discuss narrowing down the three slabs of 5, 12 and 18 per cent into two, Revenue Secretary Tarun Bajaj said on Monday. Addressing the industry leaders, Bajaj said the rate rationalisation exercise of the GST Council is a result of introspection of GST, five years after its rollout, and the policymakers do not have a "fetish" to raise the tax rates to the revenue-neutral level of 15.5 per cent. On the industry demand for bringing petroleum products under GST net, he said since fuel constitutes a larger part of their revenues, both the Centre and states have some apprehension.
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
I telephoned Chief Minister Darbara Singh and asked him why this carefully thought-out plan had suddenly been aborted. The Chief Minister sounded very agitated and all he said was that this was not his decision, but the orders had come directly from Home Minister Zail Singh. A fascinating excerpt from retired IAS officer Ravi Sawhney's book, Living A Life.
Sri Lanka declared a state of emergency on Wednesday as angry protesters stormed the prime minister's office in Colombo, hours after president Gotabaya Rajapksa fled to the Maldives on a military jet, amid the country's worst economic crisis in decades.
Earlier this month, Sobha Kapoor and Ekta Kapoor, part of the promoter group of Balaji Telefilms, faced shareholder ire when they failed to obtain the requisite votes on resolutions proposing pay increases for them. In recent months, several promoter-directors, including Siddharth Lal of Eicher Motors and Pawan Munjal of Hero MotoCorp, have faced similar situations. Clearly, large institutional shareholders - and public shareholders - are not taking kindly to promoter-directors upping their remuneration takeaways at a time when the prospects of business recovery are clouded by the anticipated third wave of the Covid-19 pandemic.
The third-quarter financials didn't excite market watchers. But equity investors can still make money if they invest in the right stocks.
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.
PM's residence and office were not affected by the fire. The fire broke out at the SPG reception area.
Karnataka looked set to secure a big first innings lead against Goa despite fighting half-centuries by three of the home team's batters on day three of their Elite Group C match in Porvorim, on Thursday.
The Parliamentary Standing Committee on Information and Technology has called on Twitter to appear before the panel in Parliament Complex on June 18 at 4 pm and give representation on how to prevent misuse of social media and online news.
The CBI has named Prasad, his wife Rabri Devi, and daughters Misa Bharti and Hema Yadav, in addition to 12 people who were given jobs in Railway zones of Mumbai, Jabalpur, Kolkata, Jaipur, Hajipur, the officials said.
In a television appearance Monday, Putin said Russia had struck military and infrastructure targets across Ukraine following the Crimea bridge blast.
Shankar Prajapati, a 57-year-old potter in Dharavi, has given up hope of getting a bigger house for his family. He lives cheek by jowl in a hutment measuring 200 square (sq.) feet (ft) in the nondescript shanty town. "We have surrendered to our fate. We cannot wait forever for better accommodation. "Perhaps we are not meant to dream big," despairs Prajapati. Raju Korde, president, Dharavi Redevelopment Committee, and a local resident, agrees with Prajapati.
Assistant Sub-Inspector Babu Ram and Constable Altaf Hussain Bhat of Jammu and Kashmir Police were on Saturday posthumously conferred with the Ashoka Chakra and the Kirti Chakra awards respectively on the eve of the 75th Independence Day. While the Ashoka Chakra is India's highest peacetime gallantry honour, Kirti Chakra is the second in order of precedence of peacetime gallantry awards.
The future challenger to Narendra Modi would be somebody who can bring the Hindus and Muslims together again. The Hindus as Hindus, not broken caste groups, asserts Shekhar Gupta.
Deployed at 15,632 feet, Captain Shiva Chauhan, 25, highlights the calibre of the Indian Army's women officers.
"Only time will tell us about that but I am quite sure that if a youngster who has, as you said, got brainwashed (into terrorism), joins the services under the scheme and stays with us for four years, I am sure he will be a different person and probably more of an Indian than a radical as you brought out," the air marshal told reporters.
The World Photography Organisation has announced its category winners and shortlist in the Open competition of the Sony World Photography Awards 2023.
"Pakistan Air Force continuously monitored the complete flight path of the flying object from its point of origin in Sirsa in India till its point of impact near Mian Channu and initiated requisite tactical actions in accordance with standard operating procedures," Pakistan Army spokesman Major General Babar Iftikhar said.
Railway traffic has dropped 32 per cent to 99.86 mt between April 1 and May 14, compared to the same time last year, while its revenue, too, dipped 41 per cent to Rs 9,094.38 crore.
The Taliban had promised an 'inclusive' government that represents Afghanistan's complex ethnic makeup, but there is no Hazara member in the cabinet.
Ajit Mishra, vice president, research, Religare Broking, answers your stockmarket queries.
Despite strong AUM growth, MFs lag behind other popular investment avenues. MFs received only 6 per cent of total household savings in 2021-2022.
"I have made a mistake; I accept responsibility; I resign," the 42-year-old barrister said.
In a statement, the medical body said that the emergency services including casualty, labour rooms, emergency surgeries will function along with ICUs, CCUs, but no elective surgical case will be posted.
In order to maintain social distancing, the NTA has increased the number of exam centres from originally-planned 2,546 to 3,843, while the number of candidates per room has been reduced from earlier 24 to 12.
The Carens is a warning for cars such as the Tata Safari, Hyundai Alcazar, Maruti Ertiga, Toyota Innova Crista and Mahindra XUV 700, because Kia punches much harder than others in its weight category.
In order to maintain social distancing, the NTA has increased the number of centres from 2,546 to 3,843 for the NEET while the number of candidates per room has been reduced from earlier 24 to 12.
Unlike the first two stimulus packages, this time the focus would be on boosting demand.
AFSPA can be safely lifted from almost 90 per cent of Nagaland, argues Shekhar Gupta.
In New Delhi's corridors of power, debate continues on whether the navy even needs a third aircraft carrier.
The ISRO spy case is dead. And yet, not dead.
The euphoria of Ab Ki Baar Modi Sarkar will fade quickly if the Modi government does not raise its game, and focus significant monetary resources and managerial skills on making India's infrastructure truly world-class, says Ram Kelkar.
