News for 'The Tribune'

SC directs Maha speaker to set timeline on Sena split

SC directs Maha speaker to set timeline on Sena split

Rediff.com19 Sep 2023

The Supreme Court on Monday directed the Maharashtra assembly speaker to spell out the timeline within a week for adjudication of the disqualification petitions filed against Chief Minister Eknath Shinde and Shiv Sena MLAs loyal to him who had tied up with the Bharatiya Janata Party to form a new government in June 2022.

Maha exonerates Mumbai ex-top cop Param Bir Singh, revokes suspension

Maha exonerates Mumbai ex-top cop Param Bir Singh, revokes suspension

Rediff.com12 May 2023

At least four FIRs related to extortion were registered against Singh in Mumbai and adjoining Thane.

Hung verdict in Pak, Sharif bids to form govt with Army backing

Hung verdict in Pak, Sharif bids to form govt with Army backing

Rediff.com11 Feb 2024

The three main political parties in Pakistan on Sunday intensified their efforts for the formation of a coalition government after it became clear that the coup-prone country faced a hung Parliament after general elections marred by allegations of rigging.

How Pakistan reacted to Chandryaan-3's success

How Pakistan reacted to Chandryaan-3's success

Rediff.com26 Aug 2023

Foreign Office spokesperson Mumtaz Zahra Baloch during her briefing on Friday was asked to comment on the successful soft-landing of the Chandrayaan-3 mission on the Moon.

Reliance General Insurance gets Rs 922 crore GST notices from DGGI

Reliance General Insurance gets Rs 922 crore GST notices from DGGI

Rediff.com9 Oct 2023

Reliance General Insurance Company (RGIC), a subsidiary of Reliance Capital, finds itself in a bind as the Directorate General of GST Intelligence (DGGI) has issued multiple Show Cause Notices (SCNs) amounting to Rs 922.6 crore. This development comes at a time when Reliance Capital is currently undergoing a debt resolution under the National Company Law Tribunal (NCLT) process in which the Hinduja group has emerged the winner. The Hinduja acquisition is currently awaiting the Supreme Court's approval after the Torrent group, the winner of the first round, challenged the second auction conducted by the lenders of Reliance Capital.

I was offered lead role in Bollywood movie Gangster: Shoaib

I was offered lead role in Bollywood movie Gangster: Shoaib

Rediff.com21 Feb 2023

Shoaib Akhtar revealed that he was approached for the Bollywood director Mahesh Bhatt's crime-drama movie Gangster, which released in 2005 with the offer to play the lead role.

IndiGo flight strays into Pakistan near Lahore due to bad weather

IndiGo flight strays into Pakistan near Lahore due to bad weather

Rediff.com11 Jun 2023

According to flight radar, the Indian plane with a ground speed of 454 knots entered north of Lahore at about 7:30 pm on Saturday and returned to India at 8:01 pm, the Dawn newspaper reported.

'How much longer is this going to take?'

'How much longer is this going to take?'

Rediff.com28 Apr 2023

Halep says she sent evidence about the contamination to the ITF in December and hoped her case would be heard by an independent tribunal in February but that it was postponed and then a new date in March had also been put back.

Tribunal sets aside I-T order on Maruti

Tribunal sets aside I-T order on Maruti

Rediff.com8 Aug 2013

The order, which came on Monday, stated that revenue authorities cannot split the agreement when the parties to the agreement considered the royalty and technical knowhow as a single package.

'Rahul Gandhi should abandon his yatra'

'Rahul Gandhi should abandon his yatra'

Rediff.com1 Feb 2024

'Rahul Gandhi should have prevented Nitish Kumar from going.' 'He must pacify Mamata Banerjee if he has a cause of Mohabbat Ki Dukaan.' 'He should bring this Mohabbat Ki Dukaan on the political canvas.'

Davis Cup: Sumit Nagal, Sasi Mukund refuse to travel to Pakistan

Davis Cup: Sumit Nagal, Sasi Mukund refuse to travel to Pakistan

Rediff.com24 Nov 2023

India's top two singles players Sumit Nagal and Sasi Kumar Mukund have conveyed to the national tennis federation that they won't travel to Pakistan for the next Davis Cup tie.

Spanish soccer chief refuses to step down over kiss scandal

Spanish soccer chief refuses to step down over kiss scandal

Rediff.com25 Aug 2023

Regional leaders of the RFEF held a crisis meeting in Madrid on Thursday to discuss Rubiales's future and options for a potential successor, a source told Reuters.

Powerful quake kills 12, injures 250 in Pakistan, Afghanistan

Powerful quake kills 12, injures 250 in Pakistan, Afghanistan

Rediff.com22 Mar 2023

A strong 6.8 magnitude earthquake with the epicentre in Afghanistan shook Pakistan, killing at least 12 people and injuring nearly 250 others in both the countries, authorities said on Wednesday.

Raigad police quiz Edelweiss MD, officials for 8 hours

Raigad police quiz Edelweiss MD, officials for 8 hours

Rediff.com8 Aug 2023

ECL Finance Company MD and three officials were on Tuesday quizzed for nearly eight hours by the Raigad police in Maharashtra probing the alleged suicide of film art director Nitin Desai, an official said.

Wadia-owned Go First files for insolvency, suspends flights for 3 days

Wadia-owned Go First files for insolvency, suspends flights for 3 days

Rediff.com2 May 2023

Wadia group-owned Go First will temporarily suspend flights on May 3 and 4 amid severe fund crunch, the airline's chief Kaushik Khona said on Tuesday.

Loan Default: Nitin Desai Lost Control Of Studio

Loan Default: Nitin Desai Lost Control Of Studio

Rediff.com2 Aug 2023

The financial creditor had approached district authorities in Raigad to take possession of ND Studio a few months ago.

NSE and BSE IFSC units may file for merger by September end

NSE and BSE IFSC units may file for merger by September end

Rediff.com14 Sep 2023

The proposal to merge the Gujarat International Finance Tec-City (GIFT City) units of the National Stock Exchange (NSE) and BSE has reached an advanced stage, and both bourses could file an application before the National Company Law Tribunal as early as this month, according to a top regulatory official. Sources indicate that the merger proposal has received approval from their respective boards. Both the NSE and BSE are arch rivals when it comes to onshore trading.

Seniority in Army all-important, says SC, reduces NCO's life sentence

Seniority in Army all-important, says SC, reduces NCO's life sentence

Rediff.com28 Jul 2023

In a disciplined force like the Indian Army seniority has all the importance, the Supreme Court said while commuting the life sentence of a non-commissioned officer held guilty for killing his colleague during an altercation over seniority.

Firecrackers banned in Delhi for 3rd consecutive yr

Firecrackers banned in Delhi for 3rd consecutive yr

Rediff.com12 Sep 2023

The Delhi government has been following the practice of banning all kinds of firecrackers for the last three years.

'Public AI infrastructure we create would help startups'

'Public AI infrastructure we create would help startups'

Rediff.com9 Jan 2024

'Similar to the case of the digital payment system where the government created a public platform and others joined in, we are exploring a similar structure to create a PPP platform where the compute required for AI could be accessed by the small player.'

Govt allocates Rs 928 cr to CBI, down by Rs 40 cr from FY 2024

Govt allocates Rs 928 cr to CBI, down by Rs 40 cr from FY 2024

Rediff.com1 Feb 2024

The agency had received Rs 946.51 crore to manage its affairs in the Budget Estimates for 2023-24, which was later increased to Rs 968.86 crore in the Revised Estimates.

'Deeply embarrassing': Trudeau on honouring Nazi veteran

'Deeply embarrassing': Trudeau on honouring Nazi veteran

Rediff.com26 Sep 2023

Trudeau stopped short of calling for Parliament speaker Anthony Rota to step aside from the role he's held since 2019.

AG cautions Supreme Court of intruding into policy domain

AG cautions Supreme Court of intruding into policy domain

Rediff.com4 May 2022

Attorney General K K Venugopal on Wednesday defended The Tribunals Reforms Act of 2021 in the Supreme Court and said that many times the top court through its judgments had waded "into the policy domain" and it should "keep in mind separation of powers".

Can't take media reports as gospel truth, says SC, backs SEBI on Adani probe

Can't take media reports as gospel truth, says SC, backs SEBI on Adani probe

Rediff.com24 Nov 2023

The Supreme Court on Friday said it has no reason to "discredit" SEBI, which probed allegations against the Adani group, as there was no material before it to doubt what the market regulator has done and the court does not have to treat what was set out in the Hindenburg report as a "true state of affairs".

The Unholy Rift Between Companies And Auditors

The Unholy Rift Between Companies And Auditors

Rediff.com25 Aug 2023

38 auditors resigned in 2022-23, compared with 46 the previous year.

Movie success offsets ad revenue slip for broadcasters like ZEE, Sun TV

Movie success offsets ad revenue slip for broadcasters like ZEE, Sun TV

Rediff.com19 Oct 2023

Notwithstanding record revenues in certain media sectors like film exhibition in the July-September quarter (second quarter, or Q2), the operational performance of the broadcasting business remained subdued. Zee Entertainment Enterprises and Sun TV are expected to experience a year-on-year (Y-o-Y) decline in advertising (ad) revenues during this period. Conversely, box office (BO) collections are anticipated to exceed Rs 3,000 crore in the quarter, propelled by a series of successful movie releases.

Concerned over pace of development in Himalayas, SC moots expert panel

Concerned over pace of development in Himalayas, SC moots expert panel

Rediff.com21 Aug 2023

The Supreme Court on Monday mooted constituting an expert committee for conducting a "complete and comprehensive" study on the carrying capacity of the Himalayan region in the country, where unplanned development has caused devastation in recent times, terming it a "very important issue".

Google's 'castle and moat' strategy is data hegemony: CCI

Google's 'castle and moat' strategy is data hegemony: CCI

Rediff.com16 Mar 2023

Fair trade regulator CCI on Thursday alleged that Google has created a digital data hegemony and called for a market space with "free, fair and open competition". Concluding the arguments of the Competition Commission of India (CCI) before the appellate tribunal NCLAT in the Google matter, Additional Solicitor General N Venkataraman said a market with greater freedom for all players would be in total sync with principles of free competition rather than the 'walled garden' approach of the internet major. On October 20 last year, the CCI slapped a penalty of Rs 1,337.76 crore on Google for anti-competitive practices in relation to Android mobile devices.

Spain's soccer federation stands by its chief Rubiales

Spain's soccer federation stands by its chief Rubiales

Rediff.com26 Aug 2023

Spain's soccer federation said it would take legal action to defend its president Luis Rubiales.

Jio gets nod to acquire Reliance Infratel

Jio gets nod to acquire Reliance Infratel

Rediff.com21 Nov 2022

The National Company Law Tribunal (NCLT) on Monday gave its approval to Jio for the acquisition of Reliance Infratel (RITL). The tribunal asked Jio to deposit Rs 3,720 crore in the State Bank of India (SBI) escrow account to complete the acquisition of RCOM's tower and fibre assets. On November 6, Jio had proposed to deposit Rs 3,720 crore in an escrow account to complete the acquisition of Reliance Infratel which is undergoing an insolvency resolution process.

Time for relook at Nabam Rebia verdict and 10th Schedule, Uddav group tells SC

Time for relook at Nabam Rebia verdict and 10th Schedule, Uddav group tells SC

Rediff.com14 Feb 2023

The Uddhav Thackeray-led faction of the Shiv Sena urged the Supreme Court on Tuesday to refer the cases related to the Maharashtra political crisis to a seven-judge bench for reconsideration of a 2016 judgment on powers of assembly speakers to deal with disqualification pleas.

Google gets notices for non-payment of penalties

Google gets notices for non-payment of penalties

Rediff.com28 Dec 2022

The Competition Commission is understood to have issued demand notices to Google for its failure to pay within the stipulated time the penalties imposed on the internet major for anti-competitive practices, according to sources. Google has filed appeals before the National Company Law Appellate Tribunal (NCLAT) against the Competition Commission of India's (CCI) two orders in October. The appeals are yet to be heard by the tribunal.

Venugopal Dhoot: From an industry leader to a defaulter

Venugopal Dhoot: From an industry leader to a defaulter

Rediff.com26 Dec 2022

Starting with a family, which had a dealership of Bajaj Auto's scooters, to becoming the owner of a household name in consumer appliances who could afford to have Bollywood superstar Shah Rukh Khan as the brand ambassador, Venugopal Dhoot's is a story of an aggressive small town businessman's pursuit to be on the top. Now arrested in connection with the ICICI Bank loan fraud case, Venugopal Dhoot during his heydays was not the one to simply sit on small achievements like Videocon becoming the largest television set manufacturer in India.

Finance Bill passed in LS with 64 amendments

Finance Bill passed in LS with 64 amendments

Rediff.com24 Mar 2023

Lok Sabha on Friday passed the Finance Bill 2023 with 64 official amendments, including the one that seeks withdrawal of long-term tax benefits on certain categories of debt mutual funds and another for setting up the GST Appelate Tribunal. The Finance Bill that gives effect to tax proposals for fiscal year starting April 1 was passed without a discussion amidst ruckus by opposition members demanding a JPC (Joint Parliamentary Committee) probe into the allegations against the Adani group of companies. While moving the bill for passage and consideration, finance minister Nirmala Sitharaman also announced the setting up of a committee under finance secretary to look into pension issues of government employees.

Amazon's plea against CCI order junked; told to pay Rs 200 cr penalty in 45 days

Amazon's plea against CCI order junked; told to pay Rs 200 cr penalty in 45 days

Rediff.com13 Jun 2022

The National Company Law Appellate Tribunal (NCLAT) on Monday rejected Amazon's plea challenging the decision of fair trade regulator CCI to suspend the approval for the e-commerce major's deal with Future Coupons. A two-member bench comprising Justice M Venugopal and Ashok Kumar Mishra, upheld the findings of the Competition Commission of India (CCI) and directed it to pay the penalty of Rs 200 crore imposed on Amazon by the fair trade regulator within 45 days from Monday. "This appellate tribunal is in complete agreement" with the CCI, the two-member bench said.

Reliance/Shell dispute: Govt loses $111 mn arbitration case

Reliance/Shell dispute: Govt loses $111 mn arbitration case

Rediff.com12 Jun 2022

The government has lost its appeal in the English High Court against a $111 million arbitration award in favour of Reliance Industries Ltd and Shell in a cost recovery dispute in the western offshore Panna-Mukta and Tapti oil and gas fields. High Court judge Ross Cranston on June 9, 2022 ruled that the government should have brought its objections over the arbitration tribunal not meeting the required thresholds, when issuing the 2021 award earlier, two sources with knowledge of the matter said. Rejecting the government's arguments, the court said the objections are barred by an English law principle whereby a party cannot raise matters in new proceedings that could have been raised in earlier proceedings.

Lenders set to clear Rs 400 crore to give wings to Go First

Lenders set to clear Rs 400 crore to give wings to Go First

Rediff.com26 Jun 2023

Go First's lenders have agreed in principle to support the airline's request for Rs 400 crore interim funding to restart its operations. The airline temporarily halted operations on May 2, and its insolvency plea was admitted by the National Company Law Tribunal (NCLT) on May 10. On Wednesday, the airline's resolution professional Shailendra Ajmera submitted a business plan and a request for over Rs 400 crore funding to airline's committee of creditors (CoC).

DGCA to conduct audit of Go First's flight preparedness

DGCA to conduct audit of Go First's flight preparedness

Rediff.com24 May 2023

Aviation regulator DGCA will conduct an audit of Go First's preparedness before approving resumption of flights by the crisis-hit carrier, according to a communication. Cash-strapped Go First stopped flying from May 3 and is undergoing voluntary insolvency resolution proceedings. On Tuesday, a senior official at the Directorate General of Civil Aviation (DGCA) said the airline has submitted its response to the regulator's show cause notice indicating that it is working on the details of a plan to resume flights at the earliest.

Banks wrote off Rs 10 lakh crore loans in 5 years, Sitharaman tells LS

Banks wrote off Rs 10 lakh crore loans in 5 years, Sitharaman tells LS

Rediff.com19 Dec 2022

Scheduled commercial banks have written off loans amounting to over Rs 10.09 lakh crore in the last five financial years and the process of recovery of dues from the borrowers continues, Union Finance Minister Nirmala Sitharaman informed the Lok Sabha on Monday.

SC refuses to entertain Google's plea against NCLAT order

SC refuses to entertain Google's plea against NCLAT order

Rediff.com19 Jan 2023

The Supreme Court on Thursday refused to entertain the plea of US tech giant Google against an order of the National Company Law Appellate Tribunal (NCLAT) refusing an interim stay on the competition regulator imposing a Rs 1,337 crore penalty on it. A bench of Chief Justice DY Chandrachud and Justices PS Narasimha and J B Pardiwala granted the US firm seven days to deposit 10 per cent of the penalty imposed by the Competition Commission of India (CCI).