News for 'financial dispute'

Felt Indrani was lying about Sheena's whereabouts: Rahul to CBI court

Felt Indrani was lying about Sheena's whereabouts: Rahul to CBI court

Rediff.com10 Jun 2022

Rahul told the court about his relationship with Sheena, and narrated the sequence of incidents after he dropped her near suburban Bandra on April 24, 2012, for her meeting with her mother Indrani.

Guidelines for NCLT to deal with bankruptcy cases in the works

Guidelines for NCLT to deal with bankruptcy cases in the works

Rediff.com9 May 2023

The government is planning to draft rules for the National Company Law Tribunal (NCLT) to deal with Insolvency and Bankruptcy (IBC) cases, according to official sources. The Ministry of Corporate Affairs (MCA) is also looking to fill all vacant posts at various NCLT Benches by August and put in place an IT-enabled system that would use artificial intelligence (AI) for case management. The NCLT, adjudicating authority for matters related to company affairs, was constituted before the IBC came into effect.

NCLT reserves order on Go First's plea for insolvency proceeding

NCLT reserves order on Go First's plea for insolvency proceeding

Rediff.com4 May 2023

The National Company Law Tribunal (NCLT) on Thursday reserved its order on crisis-hit airline Go First's plea seeking voluntary insolvency resolution proceedings and interim moratorium on financial obligations while aircraft lessors vehemently opposed the petition. Amid the airline facing severe financial crunch and cancelling flights, a two-member NCLT bench comprising Justice Ramalingam Sudhakar and Member L N Gupta heard the arguments for and against the petition for nearly four hours. As aircraft lessors opposed the plea, the counsels for Go First said the petition was not a malicious one to avoid payment of dues to its creditors but to save the company.

WINDFALL for Team India! BCCI doubles prize money for Aus series win

WINDFALL for Team India! BCCI doubles prize money for Aus series win

Rediff.com18 Apr 2017

The Board of Control for Cricket in India, at its Special General Meeting on Tuesday, decided to double the incentive of the Indian cricket team from Rs 50 lakh to Rs 1 crore for their recent 2-1 Test series win against Australia last month.

When You Buy Home Insurance, Check This

When You Buy Home Insurance, Check This

Rediff.com4 Oct 2023

Keep revising the sum insured at the time of renewal to keep it in line with inflation.

The dangers of financial apps on your smartphone

The dangers of financial apps on your smartphone

Rediff.com30 Dec 2017

'Malicious files can silently sit in your phone and relay data to hackers without your knowledge.'

BRICS to admit 6 new countries from Jan 1, 2024

BRICS to admit 6 new countries from Jan 1, 2024

Rediff.com24 Aug 2023

Argentina, Egypt, Ethiopia, Iran, Saudi Arabia and the United Arab Emirates have been invited to join the grouping.

Shah Rukh Khan ordered to give money back to Byju's student

Shah Rukh Khan ordered to give money back to Byju's student

Rediff.com28 Apr 2023

In its order passed on Wednesday, the commission said Rs 1.08 lakh in fees deposited by complainant Priyanka Dixit at the time of admission in 2021 must be returned along with 12 per cent annual interest, while Rs 5,000 must be given to her as litigation cost and Rs 50,000 as compensation for financial and mental agony.

Despite NCLT setback, analysts remain positive on Zee Entertainment

Despite NCLT setback, analysts remain positive on Zee Entertainment

Rediff.com3 Mar 2023

The National Company Law Tribunal's (NCLT's) declaration that Zee Entertainment is bankrupt adds a new measure of uncertainty to the proposed merger with Sony. Three entities -- Aditya Birla Finance, IndusInd Bank and YES Bank -- have filed appeals in the NCLT for recoveries of Rs 130 crore, Rs 90 crore and Rs 540 crore, respectively. The money was borrowed by a related party - Siti cable - and not returned. Zee was a corporate guarantor.

Ajay Banga becomes first Indian-American to head World Bank

Ajay Banga becomes first Indian-American to head World Bank

Rediff.com3 May 2023

Ajay Banga was on Wednesday appointed the next president of the World Bank, becoming the first-ever Indian-American to head the global financial institution which said it looks forward to working with him at a time when it's tackling the toughest development challenges facing developing countries. "The executive directors of the World Bank today selected Ajay Banga as president of the World Bank for a five-year term beginning June 2, 2023," the bank said in a press statement. In February, President Joe Biden announced that the US would be nominating Banga, 63, to lead the World Bank because he is "well equipped" to lead the global institution at "this critical moment in history."

Indrani sends divorce notice to Peter, seeks to end 16-yr-old marriage

Indrani sends divorce notice to Peter, seeks to end 16-yr-old marriage

Rediff.com27 Apr 2018

In the notice, she sought a divorce on the grounds that their marriage had "irretrievably broken down".

All You Wanted to Know About Gift Nifty Index

All You Wanted to Know About Gift Nifty Index

Rediff.com30 Jun 2023

Gift Nifty will provide Indian investors cues on how domestic markets could react to global events.

One-offs impacted Jan-Mar quarter, but FY24 likely to be better for ONGC

One-offs impacted Jan-Mar quarter, but FY24 likely to be better for ONGC

Rediff.com7 Jun 2023

ONGC's January-March quarter results for the 2022-23 financial year (Q4FY23) indicated changes in the trends of the energy cycle as well as the impact of policy change in gas-pricing. The public sector oil and gas major reported standalone Ebitda (earnings before interest, tax, depreciation and amortisation) at Rs 16,340 crore, down 12 per cent year-on-year (YoY), and down 20 per cent quarter-on-quarter (QoQ). There was a net loss of Rs 250 crore due to exceptional items of Rs 9,240 crore for provisions related to the ongoing dispute regarding the applicability of service tax and goods and services tax on Royalty.

CBI begins probe into graft complaints against Red Cross's 5 branches

CBI begins probe into graft complaints against Red Cross's 5 branches

Rediff.com14 Mar 2023

According to officials, the Union health ministry had received complaints about alleged corruption at the regional branches of the Red Cross Society in Tamil Nadu, Kerala, Assam, Karnataka and the Andaman and Nicobar Islands.

Sheena Bora case: Indrani Mukerjea gets bail 6 yrs after arrest

Sheena Bora case: Indrani Mukerjea gets bail 6 yrs after arrest

Rediff.com19 May 2022

While the trial of the Sheena Bora murder case is far from over, the story has seen some bizarre turns and twists so far.

'If anything goes wrong with Byju's...'

'If anything goes wrong with Byju's...'

Rediff.com22 Jun 2023

'India's edtech and start-up story will be in danger.'

Did RBI Know About Demonetization?

Did RBI Know About Demonetization?

Rediff.com1 Jun 2023

The RBI was not party to the decision to demonetize 500 and 1,000-rupee notes, which was taken at the highest level of India's political leadership.

For the foreseeable future, diesel is likely to drive India's economy

For the foreseeable future, diesel is likely to drive India's economy

Rediff.com19 May 2023

India's climate change goals are turning combustible. On the one hand, a protracted dispute between the government and manufacturers over subsidies threatens to slow the pace of electric vehicle (EV) sales. On the other hand, repeated assertions by different arms of the government over banning sales of new fossil fuel-fired vehicles have queered the pitch for energy investments. Before we address the issue of the recommended diesel vehicle ban in the recent report on energy transition, issued months before the next round of global climate talks begin in Dubai in November, let's look at what's at stake.

Maharashtra reported maximum IPC crimes, Mumbai saw 174 offences a day in 2021

Maharashtra reported maximum IPC crimes, Mumbai saw 174 offences a day in 2021

Rediff.com30 Aug 2022

Maharashtra recorded the highest number of cases in the country under the Indian Penal Code (IPC) in 2021 at 3,67,218, while Mumbai was placed second among major metropolitan cities in registration of criminal offences, according to a National Crime Records Bureau (NCRB) report.

Bangladesh keen to revise Adani Power deal; cites high coal price

Bangladesh keen to revise Adani Power deal; cites high coal price

Rediff.com2 Feb 2023

Bangladesh has sought revision of a 2017 power purchase agreement with Adani Power Ltd as the price for the coal-generated electricity appeared too expensive, officials said in Dhaka on Thursday. "We have communicated with the Indian company seeking revision of the agreement," an official of the state-run Bangladesh Power Development Board (BPDC) told PTI on the condition of anonymity and without elaborating on the matter. Media reports suggested that the "high coal price" to be purchased for the Adani plant at India's Jharkhand emerged as the key factor for the dispute.

China Knows India Has Stolen A March

China Knows India Has Stolen A March

Rediff.com1 Nov 2023

China has signalled that it will prevent India from assuming leadership of the Global South, observes Ambassador T P Sreenivasan.

I-T Goes After Rs 7.7 Trillion Tax Arrears

I-T Goes After Rs 7.7 Trillion Tax Arrears

Rediff.com5 Jan 2023

Senior tax officials were told to focus on cash collection from the arrears so that the target for FY23 was achieved and the overall revenue position improved.

How To Handle Money Issues After Layoffs

How To Handle Money Issues After Layoffs

Rediff.com7 Jun 2023

Begin by creating a household budget. Involve all family members in the exercise and cut costs wherever possible.

Major General S C N Jatar: An Unsung Hero

Major General S C N Jatar: An Unsung Hero

Rediff.com25 Oct 2023

Major General S C N Jatar, who passed into the ages on Monday night, thwarted anti-national forces at the peak of the Assam agitation. Colonel Anil A Athale (retd) salutes this officer and gentleman.

China against India's plan to hold G20 meeting in J-K

China against India's plan to hold G20 meeting in J-K

Rediff.com30 Jun 2022

China on Thursday voiced its opposition to India's reported plans to hold the next year's meeting of G-20 leaders in Jammu and Kashmir.

Peter Mukerjea released from Mumbai jail

Peter Mukerjea released from Mumbai jail

Rediff.com20 Mar 2020

The release came after the six-week stay on the Bombay high court order granting the former media baron bail in the murder case ended on Thursday with the Central Bureau of Investigation not moving an appeal before the Supreme Court.

Onus for peace is on Pakistan, Modi tells Japanese publication

Onus for peace is on Pakistan, Modi tells Japanese publication

Rediff.com19 May 2023

On Pakistan, the publication quoted him as saying that India wants "normal and neighborly relations."

Peter Mukerjea ready to divorce Indrani, says lawyer

Peter Mukerjea ready to divorce Indrani, says lawyer

Rediff.com18 Jun 2018

Stating that the marriage had "irretrievably broken down", Indrani had sent a divorce notice to Peter Mukerjea in April this year.

Local BJP leader killed in MP; party cries foul

Local BJP leader killed in MP; party cries foul

Rediff.com20 Jan 2019

The death of Manoj Thakre, 48, came to light three days after another BJP leader was shot dead in Mandsaur, prompting the party to claim that its leaders were being targeted.

Court calls Raut's arrest illegal, witch-hunt, asks why Wadhawans were spared

Court calls Raut's arrest illegal, witch-hunt, asks why Wadhawans were spared

Rediff.com9 Nov 2022

The arrest of Shiv Sena MP Sanjay Raut in a money laundering case by the Enforcement Directorate (ED) was "illegal" and a "witch-hunt", a special court in Mumbai said on Wednesday while granting him bail in the Patra Chawl redevelopment matter.

How RBI plans to check banking fraud

How RBI plans to check banking fraud

Rediff.com29 Aug 2022

As part of its efforts to strengthen customer protection, Reserve Bank is considering setting up a fraud registry to create a database of fraudulent websites, phones and various modus operandi used for digital fraud. Such a database will help prevent these fraudsters from repeating the fraud as the websites or phone numbers would be blacklisted, RBI executive director Anil Kumar Sharma said on Monday. "There is no definite timeline for setting up of the fraud registry.

Margins remain a pain point for organised FMCG supply-chain companies

Margins remain a pain point for organised FMCG supply-chain companies

Rediff.com16 Jun 2023

Jiomart B2B is the latest among organised supply-chain companies to bite the bullet, shutting down its warehouses, and asking its employees to leave. Why are companies finding it difficult to sustain the supply-chain business? Experts point out that gross margins in supplying fast-moving consumer goods (FMCGs) are very low.

Engaged with Indian govt on tax dispute: Cairn

Engaged with Indian govt on tax dispute: Cairn

Rediff.com10 Mar 2015

The company faces a potential tax demand.

Alert! Cheque Bounce May Land You In Jail

Alert! Cheque Bounce May Land You In Jail

Rediff.com18 May 2023

Keep sufficient funds in your bank account until the cheque is cleared.

'The impact of El Nino is always a matter of concern'

'The impact of El Nino is always a matter of concern'

Rediff.com6 Jun 2023

'If because of El Nino, the monsoon is affected adversely in the current year, naturally it will affect income projections and consequently Budget numbers.'

Rate cut dilemma: Banks dispute RBI's rationale

Rate cut dilemma: Banks dispute RBI's rationale

Rediff.com21 Apr 2015

Banks seems to be upset over RBI's move over rate cut.

K'taka BJP MLA booked for trader's suicide, Bommai says action as per law

K'taka BJP MLA booked for trader's suicide, Bommai says action as per law

Rediff.com2 Jan 2023

Pradeep (47) was found dead in his car at Nettigere near Bengaluru on Sunday evening, they said, adding that he had allegedly shot himself in the head.

HC quashes TN order, directs govt to hand over Ayodhya Mandapam to trust

HC quashes TN order, directs govt to hand over Ayodhya Mandapam to trust

Rediff.com27 Apr 2022

The first bench of the Madras high court on Wednesday set aside an order of the Tamil Nadu HR&CE department, which appointed a 'fit' person (thakkar) to administer the Ayodhya Mandapam run by Sri Ram Samaj in West Mambalam in Chennai.

Jaishankar to move bill on weapons of mass destruction in RS on Monday

Jaishankar to move bill on weapons of mass destruction in RS on Monday

Rediff.com16 Jul 2022

External Affairs Minister S Jaishankar will move the Weapons of Mass Destruction Bill in Rajya Sabha, as per the house's list of business.

'We are closing loopholes exploited by highest level of taxpayers'

'We are closing loopholes exploited by highest level of taxpayers'

Rediff.com3 Feb 2023

'...Market-linked debentures, high-value insurance, exemptions from capital gains by investment in real estate, etc.' 'So, there are a number of measures directed at collecting a fair share from higher income individuals.'