News for 'financial dispute'

MP: 9 held for beating 2 tribals to death over cow slaughter suspicion

MP: 9 held for beating 2 tribals to death over cow slaughter suspicion

Rediff.com4 May 2022

The police have arrested nine persons in connection with the death of two tribal men who were allegedly assaulted by a group of people over suspicion of cow slaughter in Madhya Pradesh's Seoni district, an official said on Wednesday.

Yogi orders strict action against all illegal occupants of land

Yogi orders strict action against all illegal occupants of land

Rediff.com20 Apr 2022

Uttar Pradesh Chief Minister Yogi Adityanath on Wednesday directed officials to take strict action against illegal occupants of any land, be it government or private, without discrimination.

Qatar probing death of migrant worker at WC

Qatar probing death of migrant worker at WC

Rediff.com9 Dec 2022

The Philippines' foreign ministry confirmed in a statement that one of its nationals had died while working at a resort south of the capital Doha. It said its embassy was "working with legal authorities to ascertain more details of his passing".

Kirloskars latest business family to feud over settlement

Kirloskars latest business family to feud over settlement

Rediff.com17 Jul 2021

Sanjay Kirloskar, promoter of Kirloskar Brothers, moves Supreme Court to enforce a family settlement signed in 2009.

Indrani admitted to hospital in 'semi-conscious' state

Indrani admitted to hospital in 'semi-conscious' state

Rediff.com7 Apr 2018

Doctors said she is now stable. It is suspected that she consumed some pills.

TRS goes national, renamed as Bharat Rashtra Samiti

TRS goes national, renamed as Bharat Rashtra Samiti

Rediff.com5 Oct 2022

A resolution to this effect was passed at the party's general body meeting in Hyderabad, party sources said.

India-Pak ties nosedive to new low in 2022 post Bilawal attack on Modi

India-Pak ties nosedive to new low in 2022 post Bilawal attack on Modi

Rediff.com23 Dec 2022

This year saw no improvement in bilateral ties as India accused Pakistan of cross-border infiltration and re-activation of terror-launching pads near the LoC.

What Will 2023 Hold For Markets?

What Will 2023 Hold For Markets?

Rediff.com18 Jan 2023

It's the first time in my memory that I have seen a negative expected return for equities, notes Akash Prakash. Hopefully, this implies the consensus is being too negative, and markets, as usual, will surprise everyone and deliver the least likely outcome.

Budget 2022: India Inc pitches for more reforms and tax stability

Budget 2022: India Inc pitches for more reforms and tax stability

Rediff.com16 Dec 2021

India Inc on Thursday pitched for continuation of reforms while ensuring tax and policy stability in the forthcoming Budget to prop up the economy hit hard by the COVID-19 pandemic. In the virtual pre-Budget consultation held with Finance Minister Nirmala Sitharaman, industry chambers said that government measures will help firmly entrench the nascent signs of recovery being currently seen in private investment. Capital expenditure by the government through enhanced infrastructure spending should in the meantime continue to support growth, CII president TV Narendran said.

Full Text: PM Modi's address to US Congress

Full Text: PM Modi's address to US Congress

Rediff.com23 Jun 2023

Here's the full text of Prime Minister Narendra Modi's address to a joint session of the United States Congress, delivered on Thursday.

Indrani Mukerjea admitted to hospital again

Indrani Mukerjea admitted to hospital again

Rediff.com2 Jun 2018

The former media executive, who is now lodged in Byculla women's jail in Mumbai, was admitted to the J J Hospital on Friday night for chest pain.

The bizarre tale of Cairn retro tax

The bizarre tale of Cairn retro tax

Rediff.com6 Mar 2022

The levy of retrospective tax on the UK's Cairn Energy Plc is a tale of bizarre twists and turns that saw its attached shares being sold in May 2018 amid the passing of the baton from a full-time finance minister to interim one and the talks at the highest level to resolve the dispute, to claims that levy of back taxes was a result of an investigation into Panama Papers leak. The government late last month refunded about Rs 7,900 crore it had collected from selling residual shares of the British firm in its erstwhile India unit, seizing dividend and withholding tax refunds, to settle an eight-year-old dispute that had tarred the country's reputation as an investment destination. But, this did not come about easily. For seven years, the establishment vehemently justified in courts and outside seeking of Rs 10,247 crore in back taxes plus interest and penalty from a firm that gave India its biggest onshore oil discovery.

Future Retail moves SC to avert defaulter tag

Future Retail moves SC to avert defaulter tag

Rediff.com25 Jan 2022

Embattled retailer Future Retail Ltd (FRL) on Tuesday moved the Supreme Court to avert insolvency proceedings over missing a loan repayment deadline, even as its independent directors rejected an Amazon-supported offer to sell the company businesses at less than a third of what Mukesh Ambani's Reliance is offering. India's second-largest retailer, which operates multi-brand retail chains such as Big Bazaar, Easyday and Heritage, failed to pay Rs 3,494.56 crore to lenders by the due date of December-end and sought a 30-day grace period to resolve the situation. Unable to find money, it moved the apex court seeking to restrain its lenders from declaring the company a defaulter, which can invite initiation of insolvency proceedings.

Battered by three decades of controversy, TMB looks back to the future

Battered by three decades of controversy, TMB looks back to the future

Rediff.com28 Jul 2022

June was a memorable month for the 101-year-old Tamilnad Mercantile Bank (TMB). Last month, the Thoothukudi-based bank witnessed two new landmarks in a history in which the last three decades could easily qualify for a Kollywood blockbuster.

2021: A year of many firsts for the revenue dept

2021: A year of many firsts for the revenue dept

Rediff.com23 Dec 2021

A record GST tax collection, an overhaul of the income tax return filing portal and the landmark move to scrap retrospective taxation have set the stage for the next level of reforms in tax administration that include bringing a framework for cryptocurrencies and rationalising the GST rate structure. With tax reforms such as faceless assessment taking roots, 2021 will go down as the year that pivoted the tax administration in a country aspiring to become the world's favourite investment destination. The task ahead is going to be a tough one as the tax department would grapple with taxing cryptocurrencies, rationalising Goods and Services Tax (GST) rates to shore up revenues and post June 2022, the scenario of how the GST revenue plays out for states without the Centre's support of compensation.

'Jet Airways' revival plan is discriminatory'

'Jet Airways' revival plan is discriminatory'

Rediff.com3 Sep 2021

Challenging the "illegal" reduction in its claim by the erstwhile resolution professional (RP) in the Jet Airways revival plan, the Punjab National Bank (PNB) has moved the National Company Law Appellate Tribunal (NCLAT) citing discrimination. The NCLAT on Thursday issued notices to RP Ashish Chhawchharia and the committee of creditors on PNB's plea to set aside the insolvency court's approval of the airline's revival plan. It has posted the matter for further hearing on September 21.

How PSUs are caught between govt and markets

How PSUs are caught between govt and markets

Rediff.com25 Jan 2021

State-owned companies have been set stiff targets to increase accountability as they get ready for divestment. Nikunj Ohri explains why meeting them will be challenging.

US Supreme Court to hear dispute over Tata Mundra power plant in Gujarat

US Supreme Court to hear dispute over Tata Mundra power plant in Gujarat

Rediff.com22 May 2018

The villagers, led by Budha Ismail Jam, along with several other farmers and fishermen, allege that coal-fired Tata Mundra Power Plant in Tunda village in Kutch district, has resulted in widespread environmental damages.

Future Retail misses due date for payment of Rs 3,494.56 cr to banks

Future Retail misses due date for payment of Rs 3,494.56 cr to banks

Rediff.com1 Jan 2022

Future Retail on Saturday said it has missed the due date for payment of Rs 3,494.56 crore to banks and lenders as it could not sell assets due to its ongoing litigation with amazon, impacting its monetisation plans. Future Retail had last year entered into a one-time restructuring (OTR) scheme for COVID-19 hit companies with a consortium of banks and lenders and was to discharge "an aggregate amount of Rs 3,494.56 crore" on or before December 31, 2021. Kishore Biyani-led Future group firm would be "co-operating for completing the monetisation of the specified business within next 30 days" as per directions of the banks to resolve the current situation, said a regulatory filing by Future Retail.

IOC mulling return of anti-war Russian athletes

IOC mulling return of anti-war Russian athletes

Rediff.com1 Oct 2022

Earlier on Friday, the IOC voiced serious concerns over the amateur boxing world body IBA's ban of the Ukraine National Federation, saying it would conduct a full review at its next meeting in December.

Doval highlights increasing rivalries in Indian Ocean at maritime security meet

Doval highlights increasing rivalries in Indian Ocean at maritime security meet

Rediff.com30 Jun 2022

National Security Advisor Ajit Doval on Thursday called for seamless coordination among various agencies involved in protecting India's maritime interests in the face of emerging security challenges and increasing rivalries and competitions in the Indian Ocean.

IBC: The CURIOUS Case of Videocon

IBC: The CURIOUS Case of Videocon

Rediff.com6 Aug 2021

Valuers have found almost no assets to pay for their claims against the Videocon group that entered the insolvency process in 2018. But the dissenters suggest that the money is elsewhere, possibly in the group's oil and gas assets, which are not part of the group's bankruptcy case.

Company set up by Kochhar bros failed to repay Rs 30 crore loans

Company set up by Kochhar bros failed to repay Rs 30 crore loans

Rediff.com19 Apr 2018

Kochhar brothers stepped down from the board of Credential Finance by 2009. While Deepak Kochhar started NuPower Renewables, Rajiv set up Avista Advisory Group

DoT mulls withdrawing cases against telcos

DoT mulls withdrawing cases against telcos

Rediff.com5 Oct 2021

The government is considering withdrawing legal cases against telecom companies, involving disputes of about Rs 40,000 crore, a source said on Tuesday. In line with this, the Department of Telecom has already filed an affidavit before the Supreme Court in a case against Anil Ambani-promoted Reliance Communications to take an informed decision whether to proceed with the present appeal or not, the source said. DoT has said the telecom sector is passing through a financial stress due to various circumstances and telecom services providers are making losses.

GM, Ford switch off India ops but unable to exit

GM, Ford switch off India ops but unable to exit

Rediff.com25 Jan 2023

Both are finding it difficult to sell one each of their plants -- Chennai Maraimalai Nagar (Ford) and Talegaon near Pune (GM) -- and are finding the road blocked by employee severance snarl-ups, report Sohini Das and Shine Jacob.

If you have elderly parents, please read this

If you have elderly parents, please read this

Rediff.com2 Jul 2021

The life insurance kind of 'statutory nomination', which confers final ownership on the nominee, is the need of the hour for all assets, suggests Harsh Roongta.

Getting Laid Off? Know Your Rights

Getting Laid Off? Know Your Rights

Rediff.com1 Dec 2022

Companies today are taking a very fashionable way to reduce their workforce. Instead of the outright firing of employees, an alternative approach that some companies are using is the passive-aggressive method which is both deliberate and accidental, points out corporate lawyer Ishanee Sharma.

BMC polls will be the real test for Uddhav-Shinde-BJP

BMC polls will be the real test for Uddhav-Shinde-BJP

Rediff.com18 Oct 2022

The BMC election will hold the key to a new shift in political power -- not just in Mumbai but in Maharashtra, reports Sarthak Choudhury.

Indrani Mukerjea confesses Sheena was her daughter: Report

Indrani Mukerjea confesses Sheena was her daughter: Report

Rediff.com26 Aug 2015

Indrani had earlier maintained that Sheena Bora, murdered in 2012, was her sister

The Secret of Gautam Adani's Success

The Secret of Gautam Adani's Success

Rediff.com2 Nov 2022

Gautambhai has shown that he has ability to withstand payment delays or vexatious court cases. That is where he is on a more comfortable wicket than many others. A revealing excerpt from R N Bhaskar's Gautam Adani: Reimagining Business in India and the World.

World Bank stops all projects in Russia, Belarus with 'immediate effect'

World Bank stops all projects in Russia, Belarus with 'immediate effect'

Rediff.com3 Mar 2022

The World Bank has announced that it will stop all its programmes in Russia and Belarus with "immediate effect" in response to Moscow's military operations in Ukraine and "hostilities" against the people of the war-torn country. On February 24, Russian forces launched military operations in Ukraine, three days after Moscow recognised Ukraine's breakaway regions - Donetsk and Luhansk - as independent entities. The decision comes as a large number of countries, organisations and businesses are severing ties and have imposed sanctions on Russia over the country's invasion of Ukraine, and with Belarus for its support and cooperation with Moscow.

Ram temple trust invites PM to lay foundation stone on Aug 3 or 5

Ram temple trust invites PM to lay foundation stone on Aug 3 or 5

Rediff.com19 Jul 2020

Mahant Kamal Nayan Das, the spokesperson of Trust's president Nritya Gopal Das said, "We have suggested two auspicious dates -- August 3 and 5 -- for the prime minister's visit based on calculations of movements of stars and planets."

Your Home Loan Queries Answered

Your Home Loan Queries Answered

Rediff.com14 Oct 2022

Gaurav Mohta, chief marketing officer, Home First Finance Company, answers home loan queries.

Mizoram CM urges people to stay calm amid 'blockade'

Mizoram CM urges people to stay calm amid 'blockade'

Rediff.com28 Jul 2021

His appeal came when certain organisations of the neighbouring Barak Valley region of Assam observed a 12-hour bandh on Wednesday and have been staging an economic blockade on the National Highway-306 that connects Mizoram with the rest of the country since July 26, disrupting transportation of goods to the state.

ITD freezes Cognizant's bank accounts on a Rs 2,500-crore dispute

ITD freezes Cognizant's bank accounts on a Rs 2,500-crore dispute

Rediff.com28 Mar 2018

The allegations of DDT evasion is connected to some transactions the Indian entity has made while buying shares of the company from the Mauritius and US companies of Cognizant.

Doha to host 2030 Asian Games, Riyadh gets 2034 rights

Doha to host 2030 Asian Games, Riyadh gets 2034 rights

Rediff.com16 Dec 2020

In an attempt to prevent a diplomatic dispute, Sheikh Ahmad said on Tuesday he was looking to avoid a vote by persuading one city to hold the 2030 Games while the other staged the following edition in 2034.

8 Legal Errors Entrepreneurs Must Avoid

8 Legal Errors Entrepreneurs Must Avoid

Rediff.com18 Apr 2022

These mistakes can turn out very expensive and not just in terms of your finances, but also in the time it will take to resort to the conflict at hand. Having a legal hand can save you from any unforeseen troubles, alerts Harshit Malik, entrepreneur, wisdom coach and enrichment guide.

Modi's Cult Of Personality

Modi's Cult Of Personality

Rediff.com10 Mar 2023

'It was more than ego.' 'It carried with it a sincere belief that he was the quintessence of the country, that the country's destiny was irrevocably intertwined with his destiny.' An excerpt from T J S George's The Dismantling of India: In 35 Portraits.

Cardiff sack manager Mackay after dispute with Tan

Cardiff sack manager Mackay after dispute with Tan

Rediff.com27 Dec 2013

The protracted disagreement between Cardiff City chairman Vincent Tan and manager Malky Mackay reached its inevitable conclusion on Friday when the Scot was sacked seven months after winning promotion to the Premier League.

Videos that led to lynchings in Maha were manipulated: Police

Videos that led to lynchings in Maha were manipulated: Police

Rediff.com12 Jul 2018

Some of these clippings were from places like Bengaluru, Syria and Karachi in Pakistan, he said.