While the Trinamool government, led by Chief Minister Mamata Banerjee, tried its best to attract investors, including from Singapore, not much headway could be made.
rediffGURU and financial planning expert Colonel Sanjeev Govila (retd) answers your personal finance-related questions.
From almost 60 per cent as of December 2019, the share of liquidations in the mode of closure of total Insolvency and Bankruptcy Code (IBC) cases came down to 44 per cent till September 2023, data by the Insolvency and Bankruptcy Board of India (IBBI) shows. Experts say the decreasing trend in liquidations under the IBC in India can be largely attributed to the initial economic conditions of companies entering the Corporate Insolvency Resolution Process (CIRP). IBC experts also say the trend shows a certain stabilisation in IBC with the Code now rid of legacy bankruptcy issues.
Anil Agarwal-led Vedanta's Sterlite Copper has come out with a fresh notification inviting expressions of interest (EoIs) to supply raw materials like copper concentrate, imported thermal coal, rock phosphate and petroleum products, among others, as part of its preparatory measures to restart production at its Thoothukudi unit in Tamil Nadu. This plant is likely to restart operations if a Supreme Court verdict goes in favour of the company. On June 12, the company had invited EoIs for carrying out plant 'restart activities'.
Goodlass Nerolac Paints Ltd has given its consent to seeking the approval of the concerned authorities for the closure of the company's manufacturing unit at Lower Parel, Mumbai.
Robert Card, the suspect in the Lewiston, Maine, shooting rampage, was found dead on Friday night, the Androscoggin County Sheriff's Office confirmed on Facebook, CNN reported.
A number of persons fainted after experiencing 'burning sensation' in their throat and chest. Many people who were asleep woke up in panic and scurried out of their homes and alerted neighbours and all of them soon reached the main roads unsure of what to do.
Posco Daewoo, the South Korean conglomerate whose Cielo sedan and Matiz hatchback were once the pride of Indian car owners, is looking to re-enter India. And its return journey is riding on plans to sell electric bikes and e-cycles. The company termed India's robust economic growth and surging consumer demand as reasons behind its comeback plans, saying they make India "one of the world's most promising consumer markets," according to Y S Choi, general manager, Posco Daewoo South Korea.
Gotabaya Rajapaksa, ousted as the president of Sri Lanka in a popular public uprising in 2022, on Thursday hinted that India was keen on his continuation despite the growing public discontent against him at the behest of certain Western powers.
The death of Major Avtar Singh, accused in the murder of Kashmiri Human rights activist Jaleel Andrabi, has not brought a closure for the victim's family, which has vowed to continue their struggle for justice. "Jaleel's murder case is not over yet. There are other accused personnel in the case and ending the case here would mean injustice," Andrabi's wife Riffat said.
The CBI has registered a case of alleged violation of the Foreign Contribution (Regulation) Act against human rights activist Harsh Mander and his NGO, and searched his premises on Friday, officials said.
'Currently, 81 per cent of all reserved tickets are booked through e-ticketing.'
All the schools in Bihar have been closed till January 6 in the wake of intense cold wave sweeping the state. More than a dozen people died due to cold wave in the state in last two days.
South African former Paralympic star Oscar Pistorius is set to be released on parole on Friday, nearly 11 years after murdering his girlfriend Reeva Steenkamp in a crime that shocked a nation long inured to violence against women.
Nineteen people have been killed in rain-related incidents in Uttar Pradesh in the past 24 hours, the state relief commissioner's office said Monday evening.
It was the 12th day in a row that US military planes have approached the mainland coast, the report said.
'Whether he is working or relaxing at home or spending time with family, the fact that he is an undertrial has followed him like a shadow.'
Law Minister M Veerappa Moily on Friday met Central Bureau of Investigation's Director A P Singh to discuss the possibilities of making 'further progress' in the Aarushi Talwar murder case, two days after the agency filed a closure report in a Ghaziabad court. "I had invited the CBI director for a thorough discussion on the Aarushi Talwar murder case. The question is whether it is a fit case for closure or can further progress be made," said Moily after Refusing
'Today is a beautiful closure of an amazing year for me,' Kenya's Kipyegon said acknowledging the prize.
Differences have cropped up between the civil aviation ministry and Delhi International Airport Ltd (DIAL) over the closure of the airport's main runway.
Byju's founder Byju Raveendran on Saturday said the edtech company will not be able to pay salaries to employees as the recent funds raised through a rights issue are inaccessible due to a legal dispute with certain investors. In a letter to staff, Raveendran said the rights issue, launched a month ago, has been successfully closed. "This was supposed to be a happy correspondence.
The State Bank of India, which unsuccessfully sought extension of time till June 30 to disclose the details of electoral bonds, on Monday faced searching questions from the Supreme Court which wanted to know about the steps taken to comply with the directions it had issued while scrapping the controversial scheme of anonymous political funding on February 15.
Sebi panel to revisit norms for IPOs, mutual funds.
The bench, headed by Chief Justice D Y Chandrachud, will also hear a separate plea which has sought initiation of contempt action against the SBI alleging it "wilfully and deliberately" disobeyed the apex court's direction to submit details of the contributions made to political parties through electoral bonds to the Election Commission by March 6.
The Centre said that the arbitration under United Nation Convention on the Law of Sea (UNCLOS), which was instituted on a request from the Republic of Italy has delivered its Award on May 21, 2020.
'I don't give myself one second of sympathy. That's why I put that tweet because I wanted closure. I hated the fact that people are giving me sympathy, I just couldn't take it anymore.'
The Anil Dhirubhai Ambani Group-promoted Sasan Power was Rs 2,500 crore short of the roughly Rs 15,000 crore it needed to borrow for the project. Now, India Infrastructure Finance Company Ltd has agreed to lend around Rs 2,500 crore. A consortium of 12 domestic banks have already committed around Rs 12,500 crore, with State Bank of India and Power Finance Corporation leading the pack, with Rs 3,500 crore and Rs 1,800 crore respectively.
In the wake of "public sentiment" in the Aarushi Talwar murder case, the Law Ministry has asked the Central Bureau of Investigation to have a fresh look at the closure report in the teenager's death probe, Law Minister M Veerappa Moily said on Sunday.
However, the second quarter of FY24 is expected to be muted, and, with that, the hope of double-digit growth is now being pushed to FY25. However, analysts are expecting the momentum in the closure of record total contract values (TCVs) will continue, as has been the case over the last two quarters.
Loan against gold as a product is catching on fast. Let's keep the momentum going, but aim for sustainable growth. A few bad apples should not ruin the brunch, argues Tamal Bandyopadhyay.
"If you feel something is right, go for it," says Anamika who also found her match on a dating app.
A bench of Justices A M Khanwilkar and Deepak Gupta said the matter will be heard on November 19, as the court has not gone through the petition in detail.
Against the backdrop of the ongoing talks with Pakistan, the Bharatiya Janata Party on Thursday said India appears to have diluted its earlier demand that the neighbouring country take "speedy and credible" action against 26/11 culprits, and instead reconciled to "satisfactory closure" of the case.
In a landmark judgment that delivered a big blow to the government, the Supreme Court on Thursday annulled the electoral bonds scheme, saying it violates the constitutional right to freedom of speech and expression as well as the right to information.
The three FIRs were registered on Friday, and police stressed that there was no fresh violence and that the situation was under control.
The special investigation team probing the Muzaffarnagar riots has given a clean chit to six accused in connection with a murder case during the communal violence in the district.
Animal rights group People for the Ethical Treatment of Animals has demanded an immediate closure of a Web community that "instigates violence" towards dogs.
A Maoist-backed trade union forced the closure of a luxurious hotel in tourist hub Pokhara, demanding reinstatement of a security guard sacked by the management.
The poisonous haze has been causing significant problems for people with existing respiratory issues, according to doctors.
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