Courts in five countries including the US and the UK have given recognition to an arbitration award that asked India to return $1.4 billion to Cairn Energy plc - a step that now opens the possibility of the British firm seizing Indian assets in those countries if New Delhi does not pay, sources said. Cairn Energy had moved courts in nine countries to enforce its $1.4 billion arbitral award against India, which the company won after a dispute with the country's revenue authority over a retroactively applied capital gains tax. Of these, the December 21 award from a three-member tribunal at the Permanent Court of Arbitration in the Netherlands has been recognised and confirmed by courts in the US, the UK, Netherlands, Canada and France, three people with knowledge of the matter said.
United States President Barack Obama has nominated new heads for the energy department and the Environmental Protection Agency, as he reshuffles his second term cabinet.
Adani, which already has mining and environmental licences from the state government, requires the state approvals on management plans on the endangered finch bird and groundwater in order to commence the mine construction.
The NPT expert also said the US was speaking on both sides of its mouth on nuclear non-proliferation.
Rajesh Karkera journeys through verdant countryside to the little-explored pristine Lonar lake in eastern Maharashtra.
Did you know that the direction of the master bedroom can influence your love life?
Countries across the world -- from the United States, the United Kingdom, Canada to Singapore and New Zealand, are witnessing phenomenal strides by Indian-origin politicians, who are now taking on influential and prominent roles in governments and cabinets.
The Union Budget 2021-22 has made it easier for sovereign wealth funds and pension funds to invest in Indian infrastructure projects, but some of the new rules may need more clarity, experts said. The proposed regime requiring investments through holding companies may have adverse tax implications for such funds and may create an arbitrage between the new and old projects, they said. Besides, the ownership structure of holding companies through which investments are to be made requires further clarification, they added.
Chief Secretary A K Tripathy and Director General of Police (DGP) Abhay rushed to the pilgrim town to make the necessary arrangements. "The DGP and I are rushing to Puri to take stock of the situation as per the direction of the chief minister. We will camp there," Tripathy said.
The financial fraud, one of the biggest in the state as per records, was being investigated by the different departments of Himachal Pradesh for the past over four years.
According to an official statement, the FDA has determined that the Moderna COVID-19 vaccine has met the statutory criteria for issuance of an emergency use authorisation (EUA).
The government on Monday budgeted Rs 1.75 lakh crore from stake sale in public sector companies and financial institutions, including 2 PSU banks and one general insurance company, in the next fiscal year beginning April 1. The amount is lower than the record Rs 2.10 lakh crore which was budgeted to be raised from CPSE disinvestment in the current fiscal year. However, the COVID-19 pandemic impacted the government's CPSE stake sale programme, and the target has been lowered to Rs 32,000 crore in the Revised Estimates.
Prime Minister-designate Narendra Modi is expected to have a 45-member council of ministers who will take oath along with him on Monday evening. The council of ministers is expected to have 23 Cabinet ministers, 10 ministers of state with independent charge and 11 ministers of state, according to sources. There are 26 less ministers in Modi's Cabinet compared to the UPA II council of ministers.
NuPower will return loan with interest to consumer durables major by 2021
Dr Kakodkar's strategic stubbornness ultimately got India what it wanted though the negotiations with the US went to the wire, notes Shivanand Kanavi.
The Centre has told the Supreme Court that West Bengal's power to withhold consent to the Central Bureau of Investigation is not absolute and the probe agency is entitled to carry out investigations that are being carried out against Central government employees or have a pan-India impact.
'Once Mohanlal's ever-swelling entourage grasped his enormous worth, once it realized that the innate Mohanlal appeal could be profited from, it set about to exploit, to make uproars, to create the Mohanlal brand.' 'And he wasn't meant to be a brand. He was meant to be an artist, a tireless explorer of the unique seas inside him,' asserts Sreehari Nair.
As many as 44 shareholders of Flipkart sold their holdings to Walmart. The income tax law requires the buyer to withhold tax while making payment to the sellers, in case they are not exempted from levy of capital gains tax.
Institute of Physics -- an autonomous research institute of Department of Atomic Energy, Govt of India -- pre-doctoral and PhD programmes.
The Department of Telecommunications (DoT) has initiated discussions with banks to address financial stress in the telecom sector, particularly Vodafone Idea Ltd (VIL) that urgently requires fund infusion to stay afloat. There was a meeting of DOT officials and senior bankers on Friday on the issue of Vodafone, sources said, adding that banks have been asked to look for a solution within the prudential guidelines. According to sources, senior officials from the country's biggest lenders State Bank of India and Bank of Baroda were also present among others in the meeting. More such meetings are expected to take place in the coming days, they said.
'If you weed out corruption, you will bring glory to Goa.'
The former Central Intelligence Agency director, was confirmed by the Senate by 57-42 votes. He replaced Rex Tillerson, who was fired by US President Donald Trump last month.
The list has been sent to Governor Ram Naik for approval.
A new study revealed how popular diets helped participants lose weight and improve their health.
The central government has agreed in-principle to Air India employees' main demands. It fears an industrial dissension now could impede the process of privatisation. It has agreed to bear the cost of liquidation loss on account of transfer to the Employees' Provident Fund Organisation (EPFO) from company-owned trusts, inclusion of employees in the central government health scheme (CGHS), and encashment of leaves. The template of the Air India process will be followed for other public sector undertakings up for privatisation at a later date.
Modi praised the contribution of nuclear scientists in the successful implementation of India's three-stage nuclear programme.
Union Home Minister Amit Shah spoke to Chief Minister Uddhav Thackeray through video conference and took stock of the state's preparedness to tackle any eventuality, the latter's office said. 10 units of the National Disaster Response Force (NDRF) have been deployed in vulnerable districts, while six others have been kept on a stand-by, officials said.
Though no peripheral burning is taking place at the moment at the well's site at Baghjan, the company has declared an area up to 1.5 km radius as "red zone" to avoid any untoward incident and harm to the general public.
KAPP-3, the country's 23rd nuclear power reactor, is a 700 MW Pressurised Heavy Water Reactor (PHWR) designed indigenously, the NPCIL said in a release. The components and equipment for the reactor have been manufactured by Indian industries, and its construction was undertaken by various Indian contractors, it said.
The dip in the air quality can be attributed to low wind speed and temperatures which allowed accumulation of pollutants.
The United Progressive Alliance-Left stand-off on Indo-US nuclear deal notwithstanding, the Indian Atomic Energy department is holding consultations with International Atomic Energy Agency for working out a safeguards agreement.
Patel said the I-T raids on the Congress minister shows the utter desperation and frustration of the BJP.
Red Bull have given "a definite no" to four-times Formula One world champion Sebastian Vettel's hopes of returning to them next year, team boss Christian Horner said on Friday. The German, who is out of contract with Ferrari at the end of the season and facing an uncertain future, had said on Thursday he would say yes to a Red Bull drive if one was offered.
Coal Secretary Anil Swarup has been appointed as school education secretary.
Both KXIP and the Royals would look to build a winning momentum after starting the tournament as underdogs.
NCP president Sharad Pawar said Maharashtra Chief Minister Uddhav Thackeray will decide the fate of Home Minister Anil Deshmukh, who is facing corruption allegations by former Mumbai police chief Param Bir Singh.
Whether you are working from home, or doing household chores, it is important to keep aside some time for a recovery period along the way, to help replenish the energy being invested by you.
The Department of Atomic Energy today ruled out the possibility of an external hand in the recent fire at a lab in the premier Bhabha Atomic Research Laboratory that killed two young scientists.
British telecom giant Vodafone Group plc on Friday won an arbitration against the Indian government over a demand for Rs 22,100 crore in taxes using retrospective legislation.
Mishra and Doval hold the rank of a Cabinet minister.
