Cash-strapped telco Vodafone Idea's proposal for investment of up to Rs 15,000 crore through foreign direct investment (FDI) has been approved by the Union government, according to officials. A top-level group, comprising representatives from the ministries of home affairs, external affairs, finance and commerce and industry, took the decision. The nod, which is an enabling provision, would help the financially-stressed company raise funds to pay up some of its dues linked to adjusted gross revenue (AGR), reduce debts and use the money for operational expenses.
A Supreme Court advocate, who took up cudgels seeking redressal for comments made by two British judges in Lahore allegedly casting a slur on the Punjabi community in 1924, Monday said she was satisfied with the "correct" response of the UK govt
A number of social media users suggested it was an assassination attempt "ordered" by Hillary Clinton, while others thought US President Barack Obama was involved.
A special court had ordered him to join the CBI investigation within 16 hours of his arrival from the United Kingdom and Europe, where he had gone with the permission of the Supreme Court and the special court itself.
'As the film was suppose to release on December 1, there are over 50 countries where this process (of certification) is on.'
The Centre on Monday told the Supreme Court that it is taking all measures to extradite fugitive businessman Vijay Mallya, accused in bank loan default case of over Rs 9,000 crore involving his defunct Kingfisher Airlines from United Kingdom, but the process is being delayed due o some legal issues involved in the matter. A bench of Justices U U Lalit and Ashok Bhushan posted the matter for further hearing on March 15, after Solicitor General Tushar Mehta sought some time to file report on the status of extradition of Mallya. At the outset, Mehta shared a letter of the ministry of external affairs' official Devesh Uttam written to him on the status of extradition of Mallya from the United Kingdom.
The government should convert Vodafone Idea's (Vi) debt into equity to avoid a duopoly in the telecom sector, Deutsche Bank Research said in its report on Monday. This, the bank suggested, would be the only viable solution in the backdrop of the Supreme Court dismissing the telecom company's application for recomputation of adjusted gross revenue (AGR) dues.
'If someone were to ask you if you want to die tomorrow, no matter what problems you are grappling with, you would be hesitant, right?'
Mallya has an automatic right to appeal in the UK High Court against the Chief Magistrate's order but is yet to confirm if he plans to do that.
'Their role model is Iran: high control of the citizens by the State.' In Iran it is Islamic control; in India, it will be Hindutva control.'
The government had disallowed as much as $1.005 billion of its investment as KG-D6 output lagged targets.
The liquidator said the properties are being sold under two distinct phases over a period of two days
Russian tennis star Maria Sharapova has decided not to officially change her name to 'Sugarpova' for the US Open despite giving the move a serious consideration, according to the tennis star's agent.
China's stand is that relevant parties should find a solution internally.
Nagender Chindam, founder and chairman of Pravasi Bharat, a UK-based right group that has been campaigning for the right to an absentee ballot, on his journey and experiences as a NRI professional turned voting rights campaigner. Exclusive to Rediff.com
The two were convicted on July 6 in the Avenfield properties case linked to the Sharif family's ownership of four luxury flats in London.
The Centre has issued directions for blocking multiple YouTube videos and Twitter posts sharing links to the BBC documentary 'India: The Modi Question', sources said.
British MPs voted in favour of the European Union (Notification of Withdrawal) Bill after two days of debate by a majority of 384-498 votes in favour to 114 against.
A direction by Chief Justice of India S A Bobde, Justice B R Gavai, and Justice Surya Kant to the Karnataka high court asked the latter to expeditiously settle the matter of assets deposited before it by Mallya for liquidation, and thereby payment to creditors 'preferably not later than three months'. It will be interesting to see the view of the London high court, if the settlement of his dues to Indian creditors is imminent, reports Ashis Ray.
Stock broker Ketan Parekh, alleged mastermind of the securities scam of the 1990s, has moved the Supreme Court seeking permission to travel abroad for the treatment of his daughter.
Shree Jagannath Sena, a Puri-based outfit, submitted a memorandum to the President, seeking her intervention to facilitate the process of bringing back the Kohinoor diamond to the 12th-century shrine.
Mahindra Satyam had filed a lawsuit in a New York court against Upaid, seeking to make it solely responsible for any tax liability arising from an out-of-court settlement reached by them.
Maintaining that no tax liability arises from its $11 billion buyout deal with Hutchison in 2007, UK-based telecom major Vodafone today said it would continue to "vigorously" pursue the case in the Indian court.
The government, however, amended the tax laws with retrospective effect to undo the Supreme Court judgement and claim taxes.
With a report on Uber by the International Consortium of Investigative Journalists (ICIJ) opening a Pandora's box, the company is in a damage-control mode. Distancing itself from the actions of its management pre-2017, Uber, while acknowledging the "mistakes" of the past, has said that under CEO Dara Khosrowshahi, it "is a different company". "There has been no shortage of reporting on Uber's mistakes prior to 2017.
Earlier, two different benches of the apex court had refused to hear the cross-appeals saying that one or the other judges had been linked to the adjudication of the issue before.
Following the October 24 Supreme Court order, the department of telecom estimated that the total liability of 15 telecom companies, including penalties and interest, would be Rs 1.47 lakh crore.
A bench headed by Justice S H Kapadia asked the company to challenge the ruling before an appropriate high court. The apex court also stayed both the AAR order and the assessment till the company moves a high court. On May 9, the AAR said that income of Foster's Australia Ltd from the transfer of its right, title and interest in trademarks and Foster's brand intellectual property is taxable in India.
The 63-year-old former Kingfisher Airlines boss, an avid cricket fan, is wanted in India on fraud and money laundering charges amounting to an alleged Rs 9,000 crores.
Parliament's Budget session has been a washout since the beginning of its second part on March 13, with the BJP demanding an apology from Gandhi.
Former India wicketkeeper Farokh Engineer slammed the current selection committee led by MSK Prasad, labelling them as a 'Mickey Mouse selection committee'.
A Bench headed by Justice C K Thakker also sought a response from the agency on a plea seeking the presence of Quattrocchi before the trial court in Delhi.
The panel, which has been set up by the Supreme Court to investigate the scandal that has shaken Pakistan's politics, has permitted the Pakistan-American businessman to depose from the UK after his lawyer said his client was prepared to record his statement at the Pakistani mission in London.
"It is shameful that Rahul Gandhi, instead of coming to Parliament and apologising for his undemocratic rant against India, today seeks to be absent from Parliament," she asserted.
A three-judge bench headed by Chief Justice S H Kapadia asked the company to file its representation before the IT department.
Three cases -- Avenfield properties case, Flagship Investment case and Al-Azizia steel mills case -- were launched by the National Accountability Bureau on September 8, 2017 following a judgment by the apex court that disqualified Sharif.
The controversial issue of marital rape was again raked up on Monday before the Delhi HC.
RIL had challenged the government notice to disallow cost through a Notice of Arbitration on November 23, 2011 saying the signed contract does not provide for output targets and there was no provision for disallowing any part of cost because of production not being in line with output guidance.
The 89-year-old leader was expelled by the CPI-M after he refused to step down from his position as Speaker holding that the post is above any party politics.
The complex, parts of which are over 250 years old, is situated on the banks of the Ganga and is endowed with high ceilings, huge doors, and hanging skylights.
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