Conversion of outstandings into equity even partially should be a strict no-no says Chatered Accountant S Murlidharan
'By August 2018, it was evident that Jet was heading into serious financial trouble.' 'Why didn't the DGCA stop all advance bookings right there and then?' asks Anjuli Bhargava.
NDA ally, the TDP continued to disrupt the both Houses of the Parliament over demand for special status to Andhra Pradesh.
If the offer is accepted, banks will have to take a haircut of about 30 per cent or Rs 2,500 crore of the total receivables of over Rs 9,000 crore.
Dept to focus on real estate, infra, mining and manufacturing to detect evasion.
"The world, which includes our brotherly friends (China and Saudi Arabia) whom the foreign minister (Khawaja Asif) thanked in a prematurely triumphant tweet on Tuesday, is not impressed with what they see as this country's continued intransigence," the Dawn said in a stinging editorial, criticising the policies of the government, especially the powerful military.
The changes would be the most ambitious overhaul to date of rules governing the liquidation or revival of companies in India.
PNB is fully committed to its clean banking policy. That is why we are the first one to detect and report this to the various law enforcement agencies," PNB's CMD Sunil Mehta said on Thursday.
Allegations of a particular market player being favoured over others were flying thick and fast in the early days of the scam.
Striking another major deal in less than four months, Adani Power on Mondayentered into a binding agreement with Gautam Thapar-led Avantha Group to buy out its 600 MW Korba West unit for more than Rs 4,200 crore.
With the acquittal of arch rival All India Anna Dravida Munnetra Kazhagam chief Jayalalithaa coming as a reversal for it, Dravida Munnetra Kazhagam top brass on Monday went into a huddle to work on a political and legal strategy following the development.
The customs duty from gold imports could be approximately Rs 8,000 crore, about less than half of what was collected a year ago.
The move also invalidates, albeit temporarily, Mallya's repeated assurances to the court and the public of a revival plan for the carrier.
Unitech alleged that the takeover of the management of the company by the Centre would make it difficult for them to deposit Rs 750 crore as directed by the apex court to safeguard the interests of homebuyers.
Emerging from a "consultative" meeting chaired by Chief Minister E K Palaniswami, Finance Minister D Jayakumar declared that the "unanimous" decision was taken in tune with the aspirations of the party cadres and people.
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.
Egyptian security forces on Saturday surrounded a Cairo mosque full of supporters of ousted president Mohammed Morsi as the Muslim Brotherhood planned fresh marches after clashes left nearly 100 dead, raising fears of more violence that will further push the country into chaos.
'Appointed, sponsored and nurtured' by Jayalalithaa, P Rama Mohana Rao is now seen as a man who holds the key to the secrets of ministers and bureaucrats.
Having declared democracy in danger at a famous press conference in January, the newly sworn-in chief justice's stint of 1 year and 44 days will be keenly watched for what he does to defend this ideal
Chinese govt has itself to blame for first trying to slow down the property market and later propping it up.
The high court court on Thursday accepted Nokia's appeal to release its local factory after its seizure by authorities in a tax dispute, removing a hurdle for the sale of the company's mobile phone business to Microsoft.
Swiss authorities are examining development grants made by FIFA around the world as part of their investigation.
The 15-member body called for enhanced actions, from closing financial system loopholes to stopping the abuse of charitable causes, as well as updating the existing IS and Al Qaeda sanctions list.
At least 56 seminaries and facilities being run by JuD and its wing FIF in Pakistan's southern Sindh province have been taken over by authorities.
'India, which climbed the escalation ladder first, has climbed down.'
'It remains unclear what Indian objectives have been realised in precipitating the crisis in the first instance last Tuesday,' notes Ambassador M K Bhadrakumar.
The United States has deployed surveillance aircraft over a remote area of Nigeria as part of a mounting international effort to find over 200 school girls abducted by the dreaded Boko Haram Islamist militants nearly a month ago.
Investors and EOW waded through a maze of legal obstacles to get their hands on the 'kingpin'.
PAN could be used by the probe agencies.
The government has detected over Rs 1 lakh crore of undisclosed income in the last financial year, a figure more than double as compared to the search and seizure action undertaken by the Income Tax department during 2012-13 to check black money.
'We have not issued notices randomly.' 'We have done the risk profiling of individuals, and sent to those whose profile has not matched with their declared income.'
It has turned around its domestic operations under the HorizoNext strategy
There cannot be a 'blanket ban' on media reporting on cases of rape and sexual abuse, it said.
'Xi Jinping is keen that the second Trump-Kim summit happens soonest.' 'Kim is reported to have told Xi that he expects to achieve a result from a second summit that the international community would welcome,' points out Dr Rajaram Panda.
Special CBI Judge Vinod Kumar allowed the probe agency to quiz Anand Joshi, who was arrested on Sunday from west Delhi, in its custody till May 20.
As soon as the House met, AIADMK MPs trooped into the Well shouting slogans and demanded action from the government.
The company and its sister concern, Forever Precious, owe close to Rs 5,500 crore.
'No matter how severe sanctions the UN security council imposes on North Korea, the impact of the sanctions would depend on how faithfully they are enforced by China,' says Dr Rajaram Panda.
The officers did not arrest Neeraj Singhal despite CBI Director Ranjit Sinha's orders.
The government has made its initial moves, good and not-so-good, while the roll-out in some cases has been slow.
He said the bearer bonds can be purchased by corporate donors and donated to political parties without revealing their identity.
