The Indian government has asked a federal court in Washington to dismiss Britain's Cairn Energy suit seeking enforcement of a $1.2 billion arbitral award, saying it had sovereign immunity under US law. Cairn had in May asked a US federal court to force Air India to pay a $1.26 billion arbitration award the firm had won in December. The government on August 13 filed a 'Motion to Dismiss' petition in the US District Court for the District of Colombia, saying it lacked subject matter jurisdiction in the dispute between Cairn and the Indian tax authority, according to a filing seen by PTI.
'Fall in line or you will be in the line of fire.'
Though betrayals, cheating and lies happen in real life too, they can happen more easily online, warns Sybil Shiddell, country manager-India, Gleeden, an extra-marital dating Web site.
'It all became clear when I was asked to lodge myself on the couch in the lounge,' says Kishore Singh.
Although Kamini has only studied till class five, she quickly got the hang of sending audio messages before her life turned upside down.
Nothing has ever been done to make bank officers accountable, except for the rare actions when there is a public controversy, argues Debashis Basu.
We round off the week with some good, bad and ugly looks.
And this is how you can highlight them at your next job interview.
Will the Financial Resolution and Deposit Insurance Bill endanger our bank deposits?
'At the back of the courtroom the three accused sat trying to catch the drift and fathom the new, inexplicable turn the case could be taking.' 'And the consequences it might have on their lives.'
Has a distinguished poet's memory been sullied, asks K Kunhikrishnan?
'Three successive failures can tarnish the image of invincibility.' 'Once this happens, Chanakya can fall prey to his adversaries outside and inside the party,' notes Amulya Ganguli.
Right from the beginning, the State abdicated its responsibility in fixing the blame for the Hashimpura massacres or getting justice for the victims.
In the past, and even to some extent today, silver jewellery used to be an accurate indicator of a family's creditworthiness, says Geetanjali Krishna.
Revenue from divestment has fetched Rs 40,000-50,000 crore against target of Rs 2.10 trillion.
BMA's clients allege that depository firm CDSL and stock exchanges did not act on their complaints, prompting them to protest before Sebi. They say their shares have been transferred to a pool account without their knowledge and have been used to avail loans. Clients alleged that BMA has pledged their securities with a leading private bank, who could have sold their holdings.
How to go from a Boomer to a Zoomer in minutes!
In a first, the Comptroller and Auditor General's (CAG) officers reached out to several ministries in the last week of April as part of a confidence-boosting measure. The meeting brought the CAG officials and those from the ministries across the table to discuss the pain points in their relations. CAG of India Girish Chandra Murmu took this novel step because of growing tensions between those audited and the auditor.
Nobody likes misery for company, especially on a holiday, says Kishore Singh.
HR sends an email saying I absented myself from a Zoom conference and the boss is pissed. I take the clothes out of the washing machine, sighs Kishore Singh.
Kirloskar Brothers Ltd (KBL), led by Sanjay Kirloskar, on Tuesday accused four firms under his brothers Atul and Rahul of trying to "usurp" its legacy of 130 years and trying to mislead the public, which has been refuted by the other side. As the family feud simmers, KBL in a letter to capital markets regulator Sebi claimed that recent press releases by Kirloskar Oil Engines Ltd (KOEL), Kirloskar Industries Ltd (KIL), Kirloskar Pneumatic Company Ltd (KPCL) and Kirloskar Ferrous Industries Ltd (KFIL) "have sought to usurp the legacy" of KBL. Also, they attempted to pass off the legacy and track record of KBL as that of their own, the letter said.
Eighteen months after the economy was battered by the Covid-induced lockdown, employment has not recovered to its pre-pandemic levels, points out Mahesh Vyas.
'The childhood urge to amass wealth may account for one's inexplicable urge to stockpile change, for there is nothing more gratifying than to lift a box heavy with one's treasure, more satisfying somehow than all the zeroes the Kochhars, Modis and Mallyas appear to have allegedly scammed our banks over,' says Kishore Singh.
'There is more responsibility because it is India versus China and right now the situation is bad.'
Weddings make you wish you had a hundred hands instead of a brain that feels like a sponge attached to 10 different heads being pulled in different directions, says Kishore Singh.
Workers of tomorrow will have to figure out how to help themselves transition to different career pathways, predicts Sandeep Goyal.
'I don't like any boy.' 'I want to be with Malini,' says Veronica.
My son and his wife are now spending a holiday in pursuit of chicken, says Kishore Singh.
Cities, roads, stations rechristened in the time of Modi.
From consulting firms to tech and detergent companies, brands are busy swatting away online crusaders. In the fraught times we live in, it is not just religion that stokes the fires of controversy. In such instances, it may be best to take the trolls head on.
The problem is major, and the problem affects hundreds of millions of people. Ignoring it must have a sound reason. Ignoring it must in some way be more important than addressing it, notes Aakar Patel.
Relationship problems? Let Love Guru help.
'And I'm back at work, where it's quieter than home is likely to be for a while', says Kishore Singh.
'The phone rang on the night of January 15.' 'The voice of an Indian family friend in Venezuela came on.' 'That morning, there had been an accident on the highway'. 'My father had died on the spot.' Radha Roy Biswas reveals her heart-warming and heart-breaking relation with a country drowning in economic chaos.
It was not just about saving time. Or money. There were many more lessons to be learnt, discovers Neha Saigal.
'Swamy's crash-landing carries a message to all loose cannons.' 'Get your rants vetted by someone higher up in the party so that you are not left high and dry,' says Amulya Ganguli.
If it splits now, who takes what away and leaves what behind? asks Shekhar Gupta.
The emperor's appetite for enlarging his realm translated into a fetish for raising taxes, despite the simplicity of his personal lifestyle, points out Devangshu Datta.
Last year, his family forced Kishore Singh not to write anything about them...
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