The National Company Law Appellate Tribunal (NCLAT) will hear e-commerce major Amazon's interim plea on February 14, seeking a stay over the order passed by fair trade regulator CCI that had suspended the over two-year-old approval for its deal with Future Coupons Pvt Ltd (FCPL). A three-member bench on Monday directed to list Amazon's plea on February 14 to pass an interim order and stay the operations of the order passed by the Competition Commission of India (CCI) in December last year till it finally decides the matter. "The registry is directed to list on February 14 for hearing," said the NCLAT bench. The appellate tribunal also directed to list the appeals filed by the Confederation of All India Traders (CAIT) and All India Consumer Product Distributors Federation on the same date.
US e-commerce giant Amazon, which is said to be investigating alleged bribes paid by its legal representatives in India, spent a staggering Rs 8,546 crore or $1.2 billion in legal expenses for maintaining a presence in the country during 2018-20, sources said. Sources aware of the firm's public account filings said entities of Amazon - including Amazon Retail, Amazon Seller Services, Amazon Transportation Services, Amazon Wholesale, and Amazon Internet Services - paid Rs 3,420 crore in India during 2018-19 and Rs 5,126 crore during 2019-20 towards legal fees. Amazon is locked in a legal tussle over the takeover of Future Group and is facing a probe by the Competition Commission of India (CCI).
Campaigners call for Kofi Annan to take charge of FIFA reform.
An exclusive white paper by the Jamestown Foundation claims that the powerful figures arraigned against the President include former Vice-President Zeng Qinghong and current Vice-President Wang Qishan, The Hong Kong Post reported.
The company will spend Rs 10,141 crore to buy 15.5 per cent stake from minority investors.
Future Retail's independent directors had last week asked Amazon if it was willing to give a long-term loan to avoid default on repayment of Rs 3,500 crore loan due on January 29. Amazon replied to that saying it was willing to financially assist Future Retail through the Samara Capital deal but the retailer must shelve Rs 24,713 crore deal with the Reliance group.
Why are the poor turning Right instead of turning toward far-Left parties, ponders Pranab Bardhan.
Infosys on Friday said a class action lawsuit filed against the company and some of its employees in the US district court has been dismissed. The move comes after whistleblower complaints alleging certain unethical practices by the top management emerged in October last year.
Shetkari Sanghatana president Anil J Ghanwat said the panel's report was in 'favour of farmers' and will decide next week on releasing the report in the public domain.
British Prime Minister Theresa May will be in India tomorrow, but Cyrus Mistry will no longer head the Indo-UK CEO forum.
As deputy governor, Patel headed the RBI panel to draft the monetary policy report, which became the basis of the ongoing reforms at the apex bank
'We have been bold and innovative on recognition in the past and we do not need to rush,' advises Ambassador T P Sreenivasan.
Two pleas were filed in the Supreme Court on Wednesday over the tractor rally violence on Republic Day, with one seeking the setting up of a commission, headed by a retired apex court judge, to inquire into the incident, while the other urged it to direct the media not to declare farmers as "terrorist" without any evidence.
The report claims it will take another six months before the government decides precisely what it wants to achieve from Brexit
'The skills and abilities of civil servants are still respected, even though they become whipping boys when things go wrong.'
India and Iraq are likely to sign two agreements in the energy sector and cooperation in water resource management.
Around 41 per cent of these companies saw such instances, compared to the global average of 29 per cent. India's number is higher than other countries such as the United States (26 per cent), the United Kingdom (32 per cent) and Japan (27 per cent). It is also worse than other emerging markets. China had 39 per cent of firms affected by data theft. It was 19 per cent and 16 per cent for Brazil and Russia, respectively.
The remarks of the apex court, which also said there is a 'peculiar lack of comprehension' about constitution of a panel, assumes importance as some of the members of the recently constituted committee to resolve the deadlock between farmers and the centre over the farm laws had earlier reportedly expressed their views on the subject.
The Indian High Commission made its displeasure known despite the British government earlier reiterating that the three New Delhi laws on agricultural reform were a "domestic matter".
'Agri reforms need to go beyond the limited concerns of these three laws in improving agriculture productivity in cereal and crop diversification and production patterns.'
We have a government with an extremely weak economic team advising a PM who hardly pays attention to their thoughts, says Jayanta Roy.
Jet will, however, continue to pay the sale-linked productivity bonus to them.
Former Congress chief Rahul Gandhi, Bharatiya Janata Party ministers Ashwini Vaishnaw and Prahlad Singh Patel, as also former election commissioner Ashok Lavasa and poll strategist Prashant Kishor were among those whose phone numbers were listed as potential targets for hacking through an Israeli spyware sold only to the government agencies, an international media consortium reported on Monday.
Many of the stories, the pictures going out of India worldwide lately with these provocative processions, taunting of Muslims, bulldozers targeting mostly their properties, the sweeping 'othering' of a community of 200 million are painting the front pages and TV screens in the democratic world. That is where most of the friends we covet lie. Soon enough, these will also make our vital friends among the Muslim nations, from Bangladesh to Saudi Arabia and the UAE, uneasy. The best time for course correction is now, asserts Shekhar Gupta.
The government has introduced the Code on Wages Bill 2019 and the Occupational Safety, Health and Working Conditions Code Bill 2019 in Lok Sabha on July 23.
The Supreme Court Wednesday refused to entertain pleas seeking time-bound probe, including by an apex court-appointed commission, into the tractor rally violence in the national capital on the Republic Day saying the government is already inquiring the matter and the Prime Minister has stated that law will take its own course.
'Wherever in the world there is political instability, those countries are beset with severe crises today. But India is in a much better position than the rest of the world due to the decisions taken by my government in the national interest,' President Droupadi Murmu said in her address to both Houses of Parliament.
A three-judge bench headed by Chief Justice of India Sharad Arvind Bobde will hear the application on January 18 along with pleas raising the issue of farmers protesting at Delhi borders.
'As the 1991 experience showed, the solution to a large trade deficit may be to open up the economy, not putting up protective walls,' points out T N Ninan.
To select the right platform, get the opinions of a few existing users or browse online for feedback. Select a platform that offers a seamless experience. Check that the platform you are going with is a regulated entity, suggests Sanjay Kumar Singh.
The probe follows a complaint by Sharavan Yadav, Amitsinh Tanwar and Lavmeet Katariya -- international volleyball players who have represented India in numerous tournaments, according to an order by the Competition Commission of India.
The United States, the United Kingdom, the European Union and NATO have expressed concern on the new law and warned of retaliatory measures.
Ajay Banga is one of the nine members of the Commission on Enhancing National Cyber Security.
The Bhartiya Kisan Union Lokshakti said the principle of natural justice is going to be violated as those appointed to the four-member committee 'have already supported these laws'.
In fact, the Taliban apparently collects about 10 per cent as cultivation tax from opium farmers and 15 per cent as heroin tax from laboratories and smugglers that smuggle narcotics into Pakistan. This, by itself, is a revenue stream estimated at USD 250-300 million.
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Indian-American economist Arvind Panagariya has said that he is "honoured" to be appointed by Prime Minister Narendra Modi as the first Vice Chairman of the newly created NITI Aayog, which replaces the 65-year-old Planning Commission.
The Parthasarathy Shome committee gives its second reform report to finance ministry.
It is time to shrug off the ideological shackles about the way we work, play and live, says Ajit Balakrishnan.
Gota has to decide if he could order elder brother Mahinda's arrest as the agent provocateur of Monday's violence. Then he has to prepare for an interim government, in which no one would now want to become a cabinet minister leave alone prime minister, explains N Sathiya Moorthy.
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