Liquor tycoon Vijay Mallya on Friday made an urgent application before the UK High Court seeking access to millions of pounds to cover his living expenses and legal fees from funds held with the Court Funds Office as part of bankruptcy proceedings, initiated by a consortium of Indian banks led by the State Bank of India. Deputy Insolvency and Companies Court Judge Robert Schaffer declined to allow a draw down from the court-held funds of an estimated amount of around 1.5 million pounds, accrued from the sale of Mallya's French luxury property Le Grand Jardin earlier this year, until further arguments in the case. However, he did allow the release of 240,000 pounds plus VAT to cover the legal costs of a substantive hearing in the bankruptcy proceedings scheduled for next Friday.
Speaking to ANI, Qatar-based spokesperson of Taliban Suhail Shaheen said, "What do you mean by military role? If they come to Afghanistan militarily and have their presence, I think that will not be good for them, they have seen the fate of military presence in Afghanistan of other countries. So it is an open book for them. And about their help to the Afghan people or national projects, I think that is something which is appreciated."
Amid deepening concerns in China over the regrouping of the ETIM, blamed by Beijing for all the violent attacks in its volatile Xinjiang province and elsewhere in the country, Foreign Minister Wang Yi met Mullah Baradar at Tianjin and sought to prevail on him to build a 'positive image and establish a broad and inclusive political structure that suits Afghanistan's national realities'.
Despite having invested $1.2 billion (about Rs 55,000 crore) in efforts aimed at Afghanistan's post-Taliban reconstruction, India is being treated as an also ran in the ongoing Afghanistan summit at London. In the run up to the London summit hosted by Turkey a few days ago, India had not been invited to participate. This had been done in deference to Pakistan's opposition to India's presence in Afghanistan.
For the first time, China has come out openly backing Pakistan's Inter-Service Intelligence saying the spy agency could not have been involved in the recent attack on an Indian consulate in Afghanistan.
Jammu and Kashmir Chief Minister Omar Abdullah on Tuesday called on Prime Minister Narendra Modi and sought a special rehabilitation package from the Centre for the flood-ravaged state.
At least 516 bungalows in the prime Lutyen's zone of Delhi, built almost 90 years ago, are proposed to be dismantled and rebuilt with modern specifications such as earthquake resistance at an estimated cost of Rs 3,000 crore.
The court ruled that an interim debt order in favour of SBI and other banks seeking access to funds in the Mallya's ICICI UK bank account "should remain in force" but the application to make it final should be adjourned until after the hearing of his pending bankruptcy petition.
The 13 IAF personnel have been identified as Wing Commander G M Charles, Squadron Leader H Vinod, Flight Lieutenants L R Thapa, M K Garg, Ashish Tanwar and Sumit Mohanty, Warrant officer K K Mishra, Sergeant Anoop Kumar, Corporal Sherin, LAC (leading aircraft man) S K Singh, LAC Pankaj, and non-combatants Rajesh Kumar and Putali.
China may accord recognition to the new government in Kabul at an early opportunity, predicts Ambassador M K Bhadrakumar
Nepal's macroeconomic performance has been held back by the earthquakes and the recent unrest and disruptions to transportation and trade routes following the promulgation of a new constitution, the IMF said has said.
The number of dead and missing in China's worst earthquake in recent decades is nearing 90,000, as visiting United Nations chief Ban Ki-moon flew into the disaster zone on Saturday and pledged the world body's support for the relief work. Chinese premier Wen Jiabao briefed the UN Secretary General on quake relief efforts and said China would carry out reconstruction as soon as possible. Wen told Ban that the quake had claimed more than 60,000 lives in Sichuan province.
An FIR has been lodged against social activist Teesta Setalvad, her husband Javed Anand, Zakia Jafri's son Tanvir Jafri and two others for allegedly usurping Rs 1.51 crore collected by them for turning Gulbarg Society into a museum, police said.
Dhavan took to Facebook to disclose that he has been removed from further participation in the Ayodhya case on the 'nonsensical' ground that he is unwell.
In a ruling in May, a UK high court judge had refused to overturn a worldwide order freezing Mallya's assets and upheld an Indian court's ruling that the consortium of 13 Indian banks were entitled to recover funds amounting to nearly 1.145 billion pounds.
With assets depreciating over time, it will lead to large haircuts for lenders and creditors, say experts
HUDCO has floated a special loan scheme for rehabilitation efforts in the states affected by the devastating tsunami waves, setting aside a fund of Rs 2000 crore (Rs 20 billion) for lending at a rate of 6.5 per cent.
The government plans to set up a national company law tribunal in a bid to streamline liquidation proceedings of companies.
This is a major blow to US efforts to involve the international community in rebuilding Iraq.
While law-abiding customers are harassed for KYC and have to comply with endless paperwork even to open and close accounts, DHFL could easily open nearly 260,000 fake home-loan accounts, reveals Debashis Basu.
The base price for the property was set at Rs 150 crore (Rs 1.5 billion).
15 photographs of events that occurred in the previous week.
The Centre said that there was no legal provision to declare a disaster as a national calamity, amid demands for declaring the floods as a national disaster.
His statement comes two days after Pakistan's Science and Technology Minister Fawad Chaudhry admitted his country's role in the Pulwama attack during a debate in their National Assembly (Parliament).
External Affairs Ministry Spokesperson Raveesh Kumar said India will continue to extend all support to the Afghanistan as a contiguous neighbour, in a clear reference that the Pakistan-occupied-Kashmir belongs to India.
'China is constantly probing India's weaknesses.' 'The challenge is to implement a strategy that will allow India to buy time, gather its strength, and eventually counter China,' recommends Harsh V Pant and Vinay Kaura.
Intensifying its military offensive in Gaza, Israel on Monday pounded Hamas targets in the coastal strip with air strikes and tanks, killing at least four Palestinians on the 49th day of the war which has left nearly 2,200 people dead.
He said all necessary medical help should be given to the injured, including treatment in India, if required.
India on Tuesday announced a package of nearly $150,000 for providing relief to victims and reconstructing a mosque damaged in a devastating suicide attack on its consulate last week.
Football idols Zidane and Ronaldo team up in UN Ebola fundraiser.
With the threat of disease outbreak lurking in flood-ravaged Jammu and Kashmir, efforts have been initiated on a war-footing to provide medical staff and medicines even as rescue operations were slightly hampered on Sunday due to return of rains in the Valley.
'There will always be hiccups given that the Namami Gange programme is spread over different sectors and involves several agencies.'
Why do we need a bad bank, owned by the banks themselves when there are at least 28 ARCs around, asks Tamal Bandyopadhyay.
Sardar Udham sets a great standard which, Utkarsh Mishra believes, would be emulated by other film-makers who want to make movies of this genre.
Over 6,000 people are feared to have been killed in the devastating floods, cloudbursts and landslides in Uttarakhand in June, the government said on Tuesday.
The party believes that Mamata's poor handling of the pandemic and the devastation brought on by Cyclone Amphan will provide it the political fillip it needs.
If the Ladakh episode has ended, this is the time to find the truth about all the aspects of it and inform the nation and the world, the time is here and now, advises Ambassador T P Sreenivasan.
Photographs from the spot show a deep, long crack running along the divider.
Fire brigade, Mumbai Police and civic officials rushed to the site to carry out the rescue operation.
