A decline in the initiation of the corporate insolvency process last year is spurring most Big Four firms to rethink and rejig their insolvency verticals to focus on business beyond Insolvency and Bankruptcy Code (IBC), industry experts said. Between the June and December quarter of FY25, the number of insolvency applications initiated by financial creditors went down from 150 to 84.
Pathanmajra, a first-time MLA, escaped from custody after a police team went to arrest him in Dabri village in Haryana's Karnal district, where he was at the residence of one of his relatives.
The new Income Tax Bill, passed by Lok Sabha on Monday, has retained the provisions regarding ITR filing for TDS claims and tax exemptions for anonymous donations made to all religious-cum-charitable trusts, as in the existing tax laws. The original Income Tax Bill, which was brought in Parliament in February, had done away with this exemption and the ITR filing flexibility for claiming TDS refunds.
Private sector ICICI Bank on Friday said its board has approved additional 2 per cent increase stake in its asset management arm ICICI Prudential Asset Management Company. The board of the bank on Friday approved purchase of up to 2 per cent additional shareholding in the ICICI Prudential Asset Management Company, ICICI Bank said in a regulatory filing.
Family members of victims of the 2008 Malegaon bomb blast have challenged the acquittal of the accused, including Pragya Singh Thakur and Prasad Purohit, in the Bombay High Court, citing faulty investigation and the nature of conspiracy.
The Indian Air Force's MiG-21 fighter jets made their last operational flights at the Nal Air Force Station in Bikaner, which doubled as a set for the Sanjay Leela Bhansali-directed film 'Love And War'. The moment marked the jet's last operational flight ahead of its retirement next month.
The average Indian fraudster isn't an outsider exploiting security loopholes. He's usually a man between 26 and 45 years of age, working in operations or procurement, with more than six years at the organisation.
M S Dhoni had filed the defamation suit in 2014 against Zee Media Corporation, Sudhir Chaudhary- Editor & Business Head of Zee News, IPS Officer G Sampath Kumar, and News Nation Network Pvt Ltd.
The Supreme Court has warned that it will set aside the special intensive revision (SIR) of electoral rolls in Bihar if any illegality is found. The court is reviewing the validity of the Bihar SIR and its potential impact on a similar exercise across India.
Chief Election Commissioner Gynaesh Kumar rejects allegations of 'vote theft' and misinformation surrounding the electoral roll revision in Bihar, as the INDIA bloc launches a 'Voter Adhikar Yatra'.
Angelina Jolie is reportedly planning to sell her house in the United States and relocate abroad with her children.
'I don't think it is going to be easy for India to get him back.'
Election Commission officials defend the intensive revision of Bihar's voters' list as 'inclusive' amid criticism from opposition parties, who claim it will disenfranchise voters. The Supreme Court is set to hear petitions challenging the revision.
To ensure a glitch-free rollout of the next-generation GST with reduced rates and lesser slabs, Finance Minister Nirmala Sitharaman chaired three separate meetings to assess GSTN's preparedness and the time it would take to implement technological changes required in the software systems.
The Enforcement Directorate (ED) is investigating the assets and finances of Jalaluddin alias Chhangur Baba, the alleged mastermind of an illegal religious-conversion racket in Uttar Pradesh. The ED has written to various authorities and banks to gather information and is expected to seek custodial remand for questioning.
...surpassing farmer suicides (11,000) in number. There is a 4 per cent annual increase in student suicides, double the national suicide rate (2 per cent).
Activist Manoj Jarange is set to launch a hunger strike in Mumbai on August 29 to demand reservation for the Maratha community, despite government attempts to dissuade him. The Bombay High Court has stated that he needs prior permission to protest.
'There is no retrospective changing of the law, only its simplification.'
A 20-year-old BTech student in Barabanki allegedly committed suicide, accusing his girlfriend and her family of blackmail and extortion in a video shared on social media. The family claims the girl's family had previously filed a harassment complaint and extorted money from them.
A case of defamation was filed against Gandhi by a person named Pratap Kumar for allegedly making defamatory statements against Shah at a rally in Chaibasa in 2018.
So, when to start, when to stop, how much to apply in terms of time, space and resources, and how much, what is the definition of calibrated action, all these things were something "we kept discussing at every time," Gen Dwivedi recalled.
The Supreme Court on Friday modified its August 11 direction prohibiting release of stray dogs from pounds in Delhi-NCR and said the picked up canines should be sterilised, vaccinated and released back in the same area.
Punjab AAP MLA Harmeet Singh Pathanmajra, wanted in a rape case, denies firing at police and claims a conspiracy by a 'Delhi lobby' within the party.
Experts say the robust filing suggests the second half of the year will see large-scale issuances, provided the markets remain supportive.
Non-banking financial company (NBFC) Tata Capital is set to launch its much-anticipated $2 billion (Rs 17,200 crore) initial public offering (IPO) in the week beginning September 22, market sources familiar with the matter said on Sunday. The issue is expected to value the company around $11 billion, they added. Tata Capital is likely to make its stock market debut by September 30.
Three separate cases have been filed against Stand-up comedian Kunal Kamra at Khar police station over his alleged controversial remarks about Maharashtra Deputy Chief Minister Eknath Shinde.
The Supreme Court has initiated a suo motu case regarding investigation agencies summoning lawyers and will examine if they can be put to notice. The action follows the Enforcement Directorate summoning senior lawyers, which was condemned by bar associations.
'They mean business, but business as usual is unacceptable to them'
'We have created massive infrastructure in the past six years.'
The stage is set for a direct contest between NDA nominee C P Radhakrishnan and joint opposition candidate B Sudershan Reddy for the vice-presidential election. The BJP-led alliance has a clear edge in the poll necessitated due to the sudden resignation of Jagdeep Dhankhar.
Sourav Ganguly set to re-enter administration, to file nomination for CAB presidency
'Anyone they don't like can be potentially arrested and thrown in jail for 30 days to induce regime change.'
Dixon Technologies has received approval from the Indian government to form a joint venture (JV) with Chinese peer Longcheer, according to a regulatory filing. The JV will be formed between Dixon and Longcheer's Singapore-based subsidiary.
A woman in Greater Noida was allegedly assaulted, set ablaze by her in-laws over dowry demands. Her husband has been arrested, and police are searching for other suspects.
The Congress party has accused Union Minister Nitin Gadkari of conflict of interest, alleging his sons' companies have benefited from the government's ethanol blending policy. The BJP has rejected the allegations.
'If the INDIA bloc ever forms the government, they will be more than tempted to use such provisions to bring about regime change in BJP-ruled states.'
'We want to clear these pending refunds so that no issues arise once the new I-T Act takes effect.'
The bail plea of fugitive diamonds trader Mehul Choksi, wanted in India in connection with over Rs 6300-crore fraud in the Punjab National Bank (PNB), has again been turned down by a court of appeal in Belgium, just ahead of his extradition hearing before a court in that country, officials said. The court rejected the appeal on strong reasons conveyed by the CBI to the Belgian prosecution that Choksi had escaped from many jurisdictions earlier as well to evade legal proceedings and may flee to another country if let out on bail, they said.
A judicial commission has submitted its report to Uttar Pradesh Chief Minister Yogi Adityanath regarding the violence that occurred in Sambhal in November 2024 during a survey of the Shahi Jama Masjid. The report addresses the events leading to the violence and potential demographic shifts in the region.
The family of an Army jawan, Kapil, recounts the brutal assault he endured at a toll plaza in Meerut, Uttar Pradesh. They describe the attack and the injuries he sustained, while police investigate and make arrests.
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