News for 'Tribune'

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.

'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.

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".

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.

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.

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.

'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.

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.

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.

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.

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.

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.

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".

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.

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.

Know What's A Gift Deed?

Know What's A Gift Deed?

Rediff.com6 Oct 2023

Their downside is that the donor relinquishes all control over the transferred property, and certain tax implications may also arise.

PM Hasina's Awami League closer to landslide win in Bangladesh polls

PM Hasina's Awami League closer to landslide win in Bangladesh polls

Rediff.com7 Jan 2024

Bangladeshis on Sunday began voting in the general elections expected to be won by Prime Minister Sheikh Hasina in the absence of the main Opposition Bangladesh Nationalist Party (BNP) which is boycotting it.

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.

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.

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.

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".

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.

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.

Punjab's Water Woes And Stubble Burning

Punjab's Water Woes And Stubble Burning

Rediff.com26 Oct 2023

Irrigation woes have contributed to the problem of stubble burning in the state, reports Sarthak Choudhury.

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.

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).

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.

NCLT admits Zee Learn for resolution on Yes Bank plea

NCLT admits Zee Learn for resolution on Yes Bank plea

Rediff.com13 Feb 2023

The National Company Law Tribunal (NCLT) has directed to initiate insolvency proceedings against Zee Learn, following a petition filed by private sector lender Yes Bank Ltd. Yes Bank Ltd (YBL) had claimed a default of Rs 468.99 crore by the Essel Group company. Out of the default amount of Rs 468.99 crore, the principal amount was Rs 410.67 crore and Rs 58.32 was interest.

SC gets 4 special benches for criminal, tax, accident claims and land cases

SC gets 4 special benches for criminal, tax, accident claims and land cases

Rediff.com23 Nov 2022

Four special benches will start functioning in the Supreme Court from next week to hear criminal appeals, direct and indirect tax and land acquisition matters and motor accident claim cases, Chief Justice of India Justice D Y Chandrachud said on Wednesday.

Nitin Desai suicide: Edelweiss Group chairman, 4 others booked for abetment

Nitin Desai suicide: Edelweiss Group chairman, 4 others booked for abetment

Rediff.com5 Aug 2023

Edelweiss ARC, in a statement, denied that any undue pressure was brought to bear on Desai for loan recovery.

'Tough times': Go First staff hopes for airline survival, scout for options

'Tough times': Go First staff hopes for airline survival, scout for options

Rediff.com4 May 2023

Employees of Go First, which has filed for bankruptcy, hope that the airline will fly out of the crisis with government support but some are already scouting for work. Some Go First pilots have joined airlines in West Asia in recent weeks and others have approached IndiGo, India's largest domestic airline. Calls to IndiGo's human resources and operations department increased after Go First said on Tuesday it will suspend flights for three days starting May 3, sources said.

Adani family's partners used 'opaque' funds to invest in stocks: OCCRP

Adani family's partners used 'opaque' funds to invest in stocks: OCCRP

Rediff.com31 Aug 2023

Hundreds of millions of dollars were invested in publicly traded Adani group stocks through Mauritius-based 'opaque' investment funds by partners of promoter family, the Organised Crime and Corruption Reporting Project (OCCRP) alleged on Thursday. The fresh allegations by an organisation funded by likes of George Soros and Rockefeller Brothers Fund come months after a US short seller wiped away close to $150 billion in value of Adani group stocks with allegations of accounting fraud, stock price manipulation and improper use of tax havens by the ports-to-energy conglomerate run by billionaire Gautam Adani. Adani group has denied all allegations. Citing review of files from multiple tax havens and internal Adani Group emails, OCCRP said its investigation found at least two cases where the "mysterious" investors bought and sold Adani stock through such offshore structures.

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.

'Canada is deeply sorry': Trudeau apologises for honouring Nazi veteran

'Canada is deeply sorry': Trudeau apologises for honouring Nazi veteran

Rediff.com28 Sep 2023

Prime Minister Justin Trudeau has apologised for the Canadian Parliament's recognition of a man who fought for a Nazi unit during World War II, an incident that drew global condemnation and was termed by the Opposition as the 'biggest single diplomatic embarrassment' in the country's history.

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.

Cauvery water protests spread in K'taka; Mysuru seer joins farmers' stir

Cauvery water protests spread in K'taka; Mysuru seer joins farmers' stir

Rediff.com23 Sep 2023

The protests, which erupted after the Supreme Court refused to interfere with orders of the Cauvery Water Management Authority and the Cauvery Water Regulation Committee directing the state to release 5,000 cusecs of water to neighbouring Tamil Nadu, have intensified.

Nitin Desai started delaying loan repayment from 2018 end: Edelweiss to HC

Nitin Desai started delaying loan repayment from 2018 end: Edelweiss to HC

Rediff.com18 Aug 2023

The petitioners had sought interim order of protection from any coercive action and for the probe to be stayed in the case pending the hearing of their pleas.

NCLT reserves order on Go First's plea for insolvency proceeding

NCLT reserves order on Go First's plea for insolvency proceeding

Rediff.com4 May 2023

The National Company Law Tribunal (NCLT) on Thursday reserved its order on crisis-hit airline Go First's plea seeking voluntary insolvency resolution proceedings and interim moratorium on financial obligations while aircraft lessors vehemently opposed the petition. Amid the airline facing severe financial crunch and cancelling flights, a two-member NCLT bench comprising Justice Ramalingam Sudhakar and Member L N Gupta heard the arguments for and against the petition for nearly four hours. As aircraft lessors opposed the plea, the counsels for Go First said the petition was not a malicious one to avoid payment of dues to its creditors but to save the company.