'We are going to need more technical people in government.' 'You can't expect a generalist to understand the complicated world of financial engineering.' 'I regret to say that most of our politicians have no competence to deal with these things. Nor is there a willingness to learn.'
The Supreme Court of India expressed deep concern over the rising drug abuse problem in the country, highlighting the impact on youth and the need for urgent intervention. The court emphasized the need for rehabilitation rather than demonization of drug users and called for open discussions to address the issue. The judgment came while granting bail to a man accused in a heroin smuggling case. The court cited a 2019 report that indicated a significant number of people in India use opioids, cannabis, and other substances, with alarming trends in opioid dependence.
Armed with court order, a consortium of lenders led by SBI can now sell certain real estate properties and securities belonging to fugitive Vijay Mallya to recover loans turned bad with failure of Kingfisher Airlines. A consortium of 11 banks that gave Mallya loans, led by State Bank of India (SBI), had approached a special Prevention of Money Laundering Act (PMLA) court seeking restoration of his properties seized by the Enforcement Directorate. The special PMLA court in Mumbai on Tuesday allowed the restoration of properties worth Rs 5,646.54 crore to banks.
The Air India Group has started vacating its offices, which are currently being operated from government-owned properties, from this month, as part of its strategy to consolidate workspaces across the country. The loss-making Air India and its international budget arm Air India Express were taken over by the Tata Group on January 27 this year, after successfully winning the bid for the airline on October 8, last year. Besides these two airlines, Tata Group also holds a majority 51 per cent stake in Vistara, its joint venture airline with Singapore Airlines (SIA), and a 83.67 per cent stake in budget carrier, AirAsia India.
Jamshyd Naoroji Godrej and his sister Smita Crishna Godrej-controlled Godrej & Boyce will hold the exclusive construction rights over a vast land bank, including a prime 3,000 acre-property in Mumbai, they got as part of the family agreement that split the Godrej empire, as per sources and regulatory filing. According to the agreement reached late Tuesday, the 127-year-oldgets to keep what group will be split into two entities - one led by Adi Godrej and his brother Nadir and the other by their cousins Jamshyd and Smita.
Instead of harvesting the wrath against the BJP and using it to their advantage by opting for a collective form of leadership, the Congress decided once again to bestow their trust in the Hooda family who were given a free hand in the distribution of tickets. This turned out to be the biggest blunder and this faulty selection was the single over riding factor in the Congress defeat, explains Rashme Sehgal.
A bench of justices UU Lalit, Hemant Gupta and S Ravindra Bhat dismissed the appeals of the four convicts, observing that strict action should be taken against conspiracies aimed at causing danger to public property and the general public.
Despite being lodged in prison, Bishnoi has allegedly managed to execute murders of many high-profile people, including Punjabi singer Siddhu Moosewala in 2022, Karni Sena chief Sukhdev Singh Gogamedi in 2023, besides orchestrating firing outside the residences of singers A P Dhillon and Gippy Garewal in Canada, the officer said.
A meeting of the joint committee of Parliament on the Waqf (Amendment) Bill on Friday witnessed fireworks with members vociferously opposing certain provisions of the draft legislation, leading to a brief walkout by opposition members.
The Enforcement Directorate (ED) and the Central Bureau of Investigation (CBI) have intensified their investigations against Gaurav Mehta, a suspect in a Bitcoin Ponzi scam, following allegations that politicians may have been involved in using cryptocurrency to influence Maharashtra assembly polls. The ED searched Mehta's residence in Raipur and seized computers and digital devices. The CBI summoned him to appear before investigators. The ED is probing Mehta's potential links to politicians, politically exposed persons, and bureaucrats as part of its money laundering probe. The allegations came after BJP released purported voice notes suggesting that Congress and NCP leaders were attempting to use cryptocurrency for election campaigning. Both parties denied the claims, calling the voice notes fake.
Electric two-wheeler (e2W) maker Ather Energy has submitted preliminary papers to the Securities and Exchange Board of India to raise funds through an initial public offering (IPO). According to the draft red herring prospectus (DRHP), the IPO will comprise a fresh issue of equity shares valued at Rs 3,100 crore, alongside an offer for sale of 22 million equity shares by its promoters and investor shareholders.
United States President-elect Donald Trump on Tuesday announced the nomination of popular Fox News host and Army veteran Pete Hegseth, 44, as his defence secretary.
The government has reconstituted a high level committee for the disposal of enemy properties that have been left behind by those who migrated and took up citizenship of Pakistan and China.
The India-US nuclear deal was aimed at ending India's nuclear isolation and nuclear apartheid, recalls Rup Narayan Das.
The Jamiat Ulama-i-Hind has moved the Supreme Court seeking a direction to the Centre and some states, including Madhya Pradesh and Uttar Pradesh, that "precipitative actions" like razing buildings in criminal proceedings be not taken.
India lodged 5,164 cases of offences against the State, including those under sedition, the Official Secrets Act and the Unlawful Activities (Prevention) Act, in 2021 with an average of 14 cases every day, according to latest government data.
A public authority possesses power only to use it for public good and this imposes a solemn duty on the State to act impartially and to adopt a procedure of allotment of licence which is 'fair play in action,' the Supreme Court has said.
The 55-year old man got angry during the proceedings and after coming out from the court, took out his rage on the judge's car that was parked inside the Thiruvalla court complex here on Wednesday.
A 62-year-old man rammed his car into a crowd of people exercising at a sports centre in Zhuhai, China, killing 35 and injuring 43. The attacker, identified as Fan, was quickly apprehended and is currently receiving medical treatment after attempting self-harm. Police believe Fan's actions were motivated by his dissatisfaction with the property division outcome of his divorce. The incident occurred on Monday evening but was not reported by Chinese media until Tuesday evening. The event has sparked concerns and prompted authorities to strengthen security measures and investigate the incident.
The death toll of Indians killed in the massive fire in Kuwait has risen to 46 with one more person succumbing to injuries as authorities said that an electrical short circuit in the room of the guard on the ground floor of the building caused the blaze that killed 50 people.
Sharma sent an email to the police station expressing her inability to appear before it on Monday, the police officer stated.
When there are two wills produced before the court, which one will be executed?
In a letter to the Mysuru Urban Development Authority commissioner she said she was allotted the 14 alternative sites in the third and fourth phase of Vijayanagar in Mysuru against the usage of her three acres and 16 Guntas of land in Kesare village under Kasaba Hobli in Mysuru.
In doing so, it further cemented the community's determination to support the opposition. But at the same time, it consolidated its Hindu vote bank like never before.
'While criticising India's high tariffs, Mr Trump stated he would impose reciprocal taxes on Indian products if re-elected.' 'However, since India's tariffs follow WTO rules, Mr Trump's actions would violate these rules,' Ajay Srivastava points out.
Banks are auctioning 2,362 properties in next 30 days. The foremost benefit of purchasing a property in a bank auction is that you could get it at a significant discount to the market rate.
A vacation bench of Justices DY Chandrachud and Bela M Trivedi said that prima facie the Allahabad high court's bail condition imposed on Khan is disproportionate and sounds like a decree of a civil court.
The official liquidator said it would be in public interest that these properties are restored to him so that the interest of all creditors, including the applicant banks, can be "safeguarded".
The Assam police suo motu registered the FIR against Gandhi and several other leaders for "wanton acts of violence" here during the party's 'Bharat Jodo Nyay Yatra' on Tuesday.
Two Central Reserve Police Force personnel also sustained injuries during the heavy exchange of fire that happened at Jakurador Karong in the Borobekra sub-division, they said.
The Commission of Inquiry was supposed to submit its report to the central government "as soon as possible but not later than six months from the date of its first sitting".
The Sanjauli area was choked as the protesters took out a march. The area teemed with hundreds of demonstrators, several of whom carried Hindu religion insignia, such as saffron flags and banners bearing Lord Ram's image and the protesters demanded demolition of the illegal mosque in 15 days.
Modi can abandon the path of Hindutva only at risk to his position within his own fraternity. But if he pursues a hard line, he faces the risk of being hauled up by his coalition-partners. For the first time in a decade, Modi is not in enviable situation, observes Nilanjan Mukhopadhyay.
Prime Minister Narendra Modi on Monday accused the Congress again of planning to redistribute people's property if it is voted to power, but stopped short of saying that the wealth would go to Muslims.
'There is more expansion in the industry happening in retail lines, so we will continue to focus on those lines.'
The privileges enjoyed by MPs and MLAs are "tethered intrinsically" to the functioning of the legislature collectively, the Supreme Court said on Monday while holding that lawmakers taking bribe to vote or make a speech in the house are not immune from prosecution.
They committed criminal trespass, injured officials, disrespected the Indian flag and damaged public property.
According to sources, the eight people were arrested from Delhi and the numbers could go up as teams have been sent to make more arrests.
Research and development (R&D) spending by BSE 100 companies has grown steadily, rising from 0.89 per cent of revenue in FY20 to 1.32 per cent in FY24, averaging around 1 per cent over the period in-between, according to data compiled from Bloomberg and company annual reports. Also, these companies more than doubled their R&D spending in absolute terms over these five years: From Rs 25,041 crore to Rs 63,072 crore. While this reflects a prioritisation of innovation, corporate R&D investment remains relatively conservative.
Sircar, a retired IAS officer, claimed that corruption by a section of leaders of his party and lack of action against them was one of the reasons for his decision.
