Real estate developer Supertech on Friday was declared bankrupt by the National Company Law Tribunal (NCLT), a move that could have a bearing on 25,000 home buyers of the firm's ongoing projects in the Delhi and NCR region. Acting on a petition filed by the Union Bank of India for non-payment of around Rs 432 crore worth dues, the bankruptcy court ordered the initiation of insolvency proceedings against real estate firm Supertech Ltd, one of the companies of Supertech group. The NCLT said "there has been a default in payment of the financial debt" and appointed Hitesh Goyal as the Interim Resolution Professional (IRP) superseding the board of Supertech Ltd.
The Supreme Court on Wednesday questioned the CBI and the Gujarat government as to why they want to send social activist Teesta Setalvad and her husband Javed Anand back in jail after they have been out for over seven years on anticipatory bail.
Billionaire Mukesh Ambani's Reliance Retail on Thursday told the government that complex legal structures have been used by some firms to bypass the country's e-commerce rules which from the very beginning do not allow foreign capital in the inventory-based model. At a meeting called by the commerce ministry on allegations that foreign online retailers created complex structures to bypass foreign investment rules and damage small traders, Amazon urged the government not to issue any clarification until investigations into its business practices had been concluded, sources said. At the meeting, Reliance Retail's representatives said the Indian e-commerce policy does not allow foreign capital in the inventory-based model and foreign investment is allowed only in pure technical infrastructure/ platform that facilitates the meeting of buyer with sellers.
In Delhi, Union Home Minister Amit Shah assessed the situation in Joshimath and steps taken to ameliorate people's hardship at a meeting attended by Union ministers Nitin Gadkari, R K Singh, Bhupendra Yadav and Gajendra Singh Shekhawat and top officials.
Leaders at the G20 summit on Wednesday called for an immediate end to the Ukraine conflict, holding that "today's era must not be of war", a formulation that echoed Prime Minister Narendra Modi's message to Russian President Vladimir Putin in September.
'China and India have encountered some setbacks in recent years which do not serve the fundamental interests of the two countries and the two peoples'
Google is committed to complying with local laws and engages constructively with governments as they scrutinise and adopt regulatory frameworks to keep pace with the fast evolving technology landscape, its CEO Sundar Pichai said on Thursday.
When asked about his recent altercation with the actor, Raut said the matter is over for him.
The petition stated that the proposed project would affect the flow of the river Cauvery considerably and will severely affect the irrigation in Cauvery basin of Tamil Nadu.
The revamp, which was announced in September last year, envisages a new triangular Parliament building, with seating capacity for 900 to 1,200 MPs, that is targeted to be constructed by August, 2022 when the country will be celebrating its 75th Independence Day.
Mizoram accused Assam of human rights violations, a charge denied by Guwahati which said on Monday that encroachment of its land was the crux of the border dispute between the two Northeastern states.
China's ruling Communist Party has appointed Wang Junzheng, sanctioned by the US, Britain, EU and Canada for his alleged role in the human rights violations against Uygur Muslims in Xinjiang, as the head of its party unit in the sensitive Himalayan region of Tibet.
China is ready to take "conciliatory steps" in order to avoid new violations of the obligations on the India-Chinese border, Chinese Foreign Minister Wang Yi said on Friday, a day after holding a crucial meeting with External Affairs Minister S Jaishankar over the current standoff in Ladakh. Speaking during a joint press conference with Russian Foreign Minister Sergey Lavrov, Wang said troops and equipment should be withdrawn from the Line of Actual Control (LAC).
The Supreme Court on Wednesday asked stakeholders like the Centre, Niti Aayog, Finance Commission and the Reserve Bank of India, to brainstorm on the 'serious' issue of freebies announced during elections and put forth 'constructive suggestions' to tackle it, saying no political party will oppose such handouts or like to debate it in Parliament.
Justice PV Kunhikrishnan said the prime minister was elected to power by the people of the country and therefore, what was wrong with having his photograph on the vaccination certificate.
In an interview with the Financial Times following an assassination attempt this month, Khan said he no longer 'blamed' the US and wants a 'dignified' relationship if re-elected.
AIMPLB member Zafaryab Jilani on Wednesday said the proposed mosque in Ayodhya following last year's Supreme Court verdict is against the Waqf Act and 'illegal' under the Shariat laws.
Bursting firecrackers is not a matter of religion, it affects people's lives, Delhi environment minister Gopal Rai said on Wednesday and urged the Opposition not to jeopardise the well-being of children and the elderly for political ambitions.
When asked to stop, the intruders fired on BSF troops who retaliated in self-defence. Subsequently, five intruders were shot dead, a BSF officer said.
India's total purchase of oil from Russia in a month is probably less than what Europe does in an afternoon, External Affairs Minister S Jaishankar said.
The New York Times said in a report on Wednesday that in the lawsuit filed in New Jersey federal court and amended last month, BAPS has been accused 'of luring labourers from India to work on temples near Atlanta, Chicago, Houston and Los Angeles, as well as in Robbinsville, New Jersey, paying them just $450 a month'.
In a massive setback for the country, world football governing body FIFA on Tuesday suspended India for "undue influence from third parties" and said the Under-17 Women's World Cup "cannot currently be held in India as planned."
The Central Vista revamp, announced in September, 2019 envisages a new triangular Parliament building, with seating capacity for 900 to 1,200 MPs, that is to be constructed by August, 2022 when the country will be celebrating its 75th Independence Day.
'We are alive only because of these border bunkers,' say residents.
As the demolition date of Supertech twin towers in Noida, Uttar Pradesh, inches closer, the company entrusted with the tricky task is putting the finishing touches to its preparations.
The Income Tax Department detected bogus expenditure claims and alleged transfer of share capitals worth crores of rupees through shell companies after it recently raided some entities in Karnataka and Uttar Pradesh, including people linked to the Samajwadi Party.
'From environmental impact assessment to forest clearances, this has turned out to be an unscientific road-widening project with catastrophic consequences.'
The administration started preparing for the demolition of two precariously standing hotels in subsidence-hit Joshimath in Uttarakhand on Tuesday, but faced protests from their owners and locals on the issue of compensation, while more families were evacuated from the danger zone as the number of affected houses rose to over 700.
As Mallikarjun Kharge won the Congress president poll, his electoral rival Shashi Tharoor on Wednesday said the 'democratic contest' has galvanised vibrancy at all levels and has prompted a healthy and constructive discussion on change, which will serve the party in good stead in the future.
"The meeting thus did not result in resolution of the remaining areas," the Army said in a statement.
The three-day meeting between the two commissioners of PCIW completed discussions on all agenda items on Wednesday.
On May 8, the apex court had directed that these buildings be removed within a month as they were constructed in a notified CRZ, which was part of the tidally-influenced water body in Kerala.
After wrapping up a summit with United States President Joe Biden, Russian President Vladimir Putin on Wednesday said that the American and Russian ambassadors will return to their diplomatic posts and take up their functions, adding that when that would happen is a 'purely technical one'.
The top court said that it was not against anyone but the primary concern is illegal constructions in Coastal Regulation Zone areas, which eventually lead to natural disasters.
In its explanation of vote, India said 'we find that our views have not been reflected in the draft being considered for adoption today. We would like to reiterate that a consultative and constructive approach involving the neighbouring countries and the region, remains important as the international community strives for the peaceful resolution of the issue'.
During his visit to Delhi, Selvam praised Modi for good governance.
The rather amateurish, even ham-handed, attack would lend some credence to a 'false flag' theory, of the PTI leadership staging this incident, to provide new impetus to a flagging agitation, notes Rana Banerji, who headed the Pakistan desk at RAW, India's external intelligence agency.
The Indian troops guarding the nearly 3,500-km Line of Actual Control (LAC) maintained an assertive approach in sync with the broader national security doctrine and procured a variety of military platforms and weapons to enhance their combat capabilities.
The UN Human Rights Council in Geneva on Tuesday adopted a resolution against Sri Lanka's rights record, in a setback to Colombo, which made determined efforts to garner international support ahead of the voting.
Two FIRs were registered against the AIMIM chief at Barabanki city police station on Thursday night after his party's public meeting in Katara Chandana Baradari.
