Essel Group Chairman Subhash Chandra has challenged the National Company Law Tribunal's (NCLT) decision to form a five-member bench to hear his personal insolvency case, arguing that the tribunal lacks the power to constitute such a bench. This comes after a split verdict and a subsequent stay on an order allowing him to settle claims.
List all unavoidable expenses such as rent, groceries, transportation, education and medical bills.
A government bill proposing to widen the remit of the Indian Statistical Institute (ISI) is facing scrutiny from Members of Parliament. Concerns have been raised that the Indian Statistical Institute Bill, 2026, could reduce the premier institute's autonomy. The bill, currently under examination by a Parliamentary Standing Committee on Finance, aims to incorporate ISI as a 'body corporate' to strengthen governance and promote academic excellence, but critics fear increased government control.
Whether to choose MBA or MCA will depend on your interest and aptitude, counsels rediffGURU Patrick Dsouza.
'We have a very demanding electorate which expects us to do something. So we will have to do something which is a bit out of the ordinary while at the same time keeping in mind the risk factors.'
A special five-member NCLT bench has issued notices to all parties in Subhash Chandra's personal insolvency case and directed the Essel Group Chairman not to alienate his properties, either directly or indirectly, following a split verdict on a repayment plan.
'Resolution plan with this much haircut is totally unviable.'
Examine the complete title chain to establish how the present owner acquired the property.
The National Company Law Tribunal (NCLT) has approved media baron Subhash Chandra's personal insolvency resolution plan, which proposes to pay Rs 6.5 crore against admitted creditor claims of approximately Rs 22,006.57 crore, despite allegations from dissenting lenders that five family-linked entities controlled 61.78 per cent of the voting share.
Retirement planning is not a test of how smart you are; it is a test of how well you control your behaviour.
'Once you're wrestling with making a merger of that scale value-accretive, you're also under pressure to keep growing the balance sheet and chasing liabilities, and other things start to slip as a consequence.'
Education loan defaults carry serious consequences. Credit bureaus record missed payments against both the student and the co-borrower, usually a parent.
Bangladesh-China and Bangladesh-US relations have evolved from reluctant engagement to increasingly consequential strategic partnerships.
'Wages have not risen. Rural wages have stagnated. The growth was 0.7 per cent last year. For casual and irregular labour, the wage growth is negative.'
Futures and options (F&O) trading suits investors with good market knowledge, sufficient risk capital, a tested strategy and strong discipline.
Indian banks and non-banking financial companies (NBFCs) are undertaking a comprehensive review and reset of their engagement terms with fintech firms, driven by the Reserve Bank of India's (RBI) draft Guidance on Regulatory Expectations for Data Governance and the stringent compliance requirements of the Digital Personal Data Protection (DPDP) Act, 2023, and its 2025 Rules.
A Special Investigation Team (SIT) formed by the Uttar Pradesh government has questioned Shri Ram Janmabhoomi Teerth Kshetra Trust general secretary Champat Rai and administrator Gopal Rao regarding allegations of donation money theft and financial mismanagement at the Ram temple in Ayodhya.
'You have to get private investment to somewhere between 35% to 36% of GDP. It is hovering about 30%-31%.'
Rising income feels like success but unchecked lifestyle inflation traps urban professionals into financing a more expensive version of living paycheck-to-paycheck -- buying material upgrades instead of true future financial freedom.
A savings or current account with no customer-induced transaction for more than 24 months is classified as inoperative.
For the second time in two years, Karnataka minister B Nagendra resigned from the state Cabinet on Friday amid the Opposition heat over his alleged involvement in the Rs 89 crore Valmiki Corporation scam.
West Bengal's Special Task Force has arrested three individuals in Cooch Behar for alleged involvement in espionage activities linked to Pakistan's ISI. The trio is suspected of smuggling Indian SIM cards to Pakistan via Bangladesh and producing counterfeit currency. These arrests follow a series of apprehensions in Bengal related to suspected terror links, including a Pakistani national believed to be a spy.
Millions of EPFO subscribers can now check whether 8.25% annual interest for FY2025-26 has been credited to their provident fund accounts.
rediffGURUS Mihir Tanna, Vipul Bhavsar, T S Khurana, Vivek Lala and Anil Rego will answer your tax queries related to the Union Budget 2026-2o27.
After spending 31 months in Chennai's Puzhal prison, Ahmed Buhari is finally breathing free, as courts across the country quashed proceedings linked to his group company Coastal Energy.
The Supreme Court has provided significant relief to Congress leader Rahul Gandhi by directing the Allahabad High Court to cease proceedings in a case alleging disproportionate assets against him. The apex court also instructed the CBI and ED not to submit any reports based on the high court's previous directives.
For millions of Indians, this number has become one of the most important financial indicators. It can influence not only whether a bank approves a loan but also the interest rate you pay, the credit limit you receive and, in some cases, how quickly your application is processed.
'... that work is done. The task is to reallocate what has been built, with the courage of a founder and the discipline of an owner.'
The West Bengal government has revoked the Banga Bibhushan award from Rajya Sabha MP Ananta Maharaj following his controversial remarks describing Netaji Subhas Chandra Bose as a 'war criminal' and questioning the Azad Hind Fauj's role in India's freedom struggle.
In many ways, 17th century India occupied a position in the global economy comparable to that of the United States today. Just as millions of people now look towards America because of its economic opportunities, merchants, adventurers and trading companies once looked towards India.
It's not about how much you earn -- it's about how you borrow and repay.
Hena Mehta will answer Your Questions on personal finance on a weekly basis. Please mail your questions to getahead@rediff.co.in with the subject line 'Personal Finance Query' along with your name and Hena will offer his helpful advice.
With political divisions dominating conversations, can couples with opposing views stay together?
Bank fraud is no longer just an external cyber threat -- insiders with legitimate access can exploit banking systems, trusted credentials and institutional blind spots to quietly siphon money.
Understanding the most common mistakes during market downturns can help you protect your investments and stay focused on your long-term financial goals, says Ramalingam Kalirajan
A sophisticated cross-bank syndicate is systematically defrauding non-resident Indians (NRIs) and elderly citizens by exploiting their fixed deposits through forged documents and fictitious loans, often involving colluding bank employees and real estate deals.
Premature surrender and withdrawal of life insurance policies in India have surpassed maturity payouts over the past five years, indicating a growing trend of policyholders exiting long-term policies before their full tenure, according to data presented in the Lok Sabha.
A suspected operative of Pakistan-based terror outfit Jaish-e-Mohammed (JeM) was arrested in West Bengal's Purba Bardhaman district, and investigators believe he could be part of an ISI-backed network tasked with collecting intelligence on VIPs including BJP leaders, recruiting operatives and laying the groundwork for possible terror activities in the state.
A US federal judge has permanently dismissed the criminal securities-fraud case against Adani Group chairman Gautam Adani and his nephew Sagar, closing nearly two years of prosecution without a trial. Gautam Adani stated, "Truth has prevailed," in response to the ruling.
Parliament was informed that UPI has onboarded 55.49 crore users by June 2026, with transactions reaching 24,162 crore in volume and Rs 314 lakh crore in value in FY 2025-26. The platform, operated by NPCI, is expanding internationally through NIPL, facilitating cross-border payments and assisting other nations in building similar systems. Significant efforts are also underway by the Government, RBI, and NPCI to enhance the security and transparency of UPI transactions, including risk-based limits, security frameworks, and public awareness campaigns against cyber-crime.
