News for 'resolution process'

Why Jarange Patil Wants OBC Status For Marathas

Why Jarange Patil Wants OBC Status For Marathas

Rediff.com3 Sep 2025

'These Marathas are farmers and they only do farming. They have no other business other than farming. Now, they want reservations because farming is no longer a profitable business.'In this interview, veteran farmers' rights advocate and founding member of the Shetkari Sanghatna, Vijay Jawandhia, with Syed Firdaus Ashraf/Rediff unpacks the historical and structural roots of the agitation.

NCLT okays Murari Jalan-Kalrock's Jet Airways resolution plan

NCLT okays Murari Jalan-Kalrock's Jet Airways resolution plan

Rediff.com22 Jun 2021

The National Company Law Tribunal on Tuesday approved the Jalan-Kalrock Consortium's resolution plan for the bankrupt Jet Airways.

Putin: Ukraine War Wouldn't Happened If Trump Had Been President

Putin: Ukraine War Wouldn't Happened If Trump Had Been President

Rediff.com16 Aug 2025

'We had very narrow negotiations that were quite useful.'

IL&FS dispenses Rs 45,281 cr debt to lenders

IL&FS dispenses Rs 45,281 cr debt to lenders

Rediff.com7 Apr 2025

The debt-ridden IL&FS group has discharged Rs 45,281 crore to its creditors as of March 2025, completing the resolution of its 197 entities, according to the latest status report affidavit filed before the insolvency appellate tribunal NCLAT. This is 18.9 per cent higher than Rs 38,082 crore, the amount of debt that stood resolved from the last status report filed by IL&FS six months before on October 28, 2024.

AI Hiring Remains a Challenge in India

AI Hiring Remains a Challenge in India

Rediff.com16 Jul 2025

Companies typically face challenges in recruiting candidates who are skilled in AI, machine learning and generative artificial intelligence though they have hundreds of vacancies.

Do fresh steps signal a stable future for India-China ties?

Do fresh steps signal a stable future for India-China ties?

Rediff.com20 Aug 2025

India and China have announced a series of measures aimed at improving their relationship, including maintaining peace along the border, reopening border trade, and resuming direct flights.

Pak reaffirms desire for normal ties with India, seeks dialogue

Pak reaffirms desire for normal ties with India, seeks dialogue

Rediff.com5 Jul 2025

Pakistan has reiterated its desire for normal neighbourly relations with India, while also criticizing India's decision to put the Indus Waters Treaty in abeyance. The Foreign Office spokesperson emphasized Pakistan's commitment to diplomacy and regional cooperation.

What Is Khelo Bharat Niti All About?

What Is Khelo Bharat Niti All About?

Rediff.com1 Jul 2025

Khelo Bharat Niti: Regulatory bodies for better sports administration but will IOA, NSFs play ball?

India votes in favour of resolution calling out Israeli occupation

India votes in favour of resolution calling out Israeli occupation

Rediff.com29 Nov 2023

India has voted in favour of a draft resolution in the United Nations General Assembly that expressed deep concern over Israel not withdrawing from the Syrian Golan.

Sale of defective TV: Flipkart, Thomson found guilty of deficiency in service

Sale of defective TV: Flipkart, Thomson found guilty of deficiency in service

Rediff.com26 Jun 2025

Ruling that Flipkart cannot "escape liability" as "mere intermediary" in an online purchase, a consumer commission here has found the e-commerce platform and television manufacturing company Thomson guilty of deficiency in service after a defective TV was delivered to a customer.

'US Needs India To Keep China In Check'

'US Needs India To Keep China In Check'

Rediff.com8 Sep 2025

'If Washington has to balance Chinese power, she will have to turn to the third biggest power in the world which is India.' 'The United States and India will have to work together in order to keep Chinese ambitions in check.'

'Daam Kam, Dum Zyada': Top quotes from Modi's I-Day speech

'Daam Kam, Dum Zyada': Top quotes from Modi's I-Day speech

Rediff.com15 Aug 2025

Prime Minister Narendra Modi addressed the nation on Independence Day, focusing on economic growth, self-reliance, and national security. He emphasized manufacturing quality products at affordable prices, supporting farmers, and combating terrorism and infiltration.

'There Will Be A Need For A Leader Like The Dalai Lama'

'There Will Be A Need For A Leader Like The Dalai Lama'

Rediff.com6 Jul 2025

'We are now in a situation where our country is not yet free.' 'China is still very strong and militarily powerful.' 'In such a situation, we need the Dalai Lama to bring about a resolution to the cause of Tibet.' 'That's one of the main reasons that at age 90, he has accepted that there should be a 15th Dalai Lama after him.'

Ambedkar envisioned a living Constitution, not a static one: CJI Gavai

Ambedkar envisioned a living Constitution, not a static one: CJI Gavai

Rediff.com8 Jul 2025

Chief Justice of India Bhushan Ramkrishna Gavai spoke about Dr. B R Ambedkar's views on the supremacy of the Constitution and the need for an independent judiciary.

Encroachers can't claim right to continue occupying public land: HC

Encroachers can't claim right to continue occupying public land: HC

Rediff.com8 Jun 2025

The high court made the observation while granting liberty to the DDA to proceed with the demolition action at Bhoomiheen Camp in South Delhi's Kalkaji in accordance with law.

Violence over Marathi unacceptable, says Fadnavis, warns of action

Violence over Marathi unacceptable, says Fadnavis, warns of action

Rediff.com4 Jul 2025

Maharashtra Chief Minister Devendra Fadnavis warned against violence and linguistic chauvinism related to the Marathi language, emphasizing constructive promotion and legal action against those taking the law into their own hands.

NSE's Rs 1,388 cr Sebi plea could pave way for IPO

NSE's Rs 1,388 cr Sebi plea could pave way for IPO

Rediff.com26 Jun 2025

The National Stock Exchange (NSE) has offered to pay Rs 1,388 crore to the Securities and Exchange Board of India (Sebi) to settle the colocation and dark fibre cases, potentially clearing the way for its much-awaited initial public offering (IPO). This is the biggest-ever settlement plea made with the markets regulator.

Piramal Group's resolution plan for beleaguered DHFL gets NCLT nod

Piramal Group's resolution plan for beleaguered DHFL gets NCLT nod

Rediff.com8 Jun 2021

The Mumbai Bench of the National Company Law Tribunal (NCLT) on Monday approved Piramal Group's resolution plan for the beleaguered Dewan Housing Finance Ltd (DHFL), which has been reeling from the insolvency process since 2019. The plan put forward by Piramal Group, which has offered to pay Rs 37,250 crore, has been approved by the committee of creditors (CoC), the Reserve Bank of India (RBI), and the Competition Commission of India (CCI).

'Our Sardar': Cong asserts claim on Patel's legacy

'Our Sardar': Cong asserts claim on Patel's legacy

Rediff.com8 Apr 2025

Congress president Mallikarjun Kharge accused the BJP-RSS of carrying out a "well-planned conspiracy" against national heroes and said that Sardar Vallabhbhai Patel's ideology was contrary to the RSS' ideas. He defended the relationship between Sardar Patel and Jawaharlal Nehru, saying they were "two sides of the same coin". He also criticized the BJP-RSS for their alleged attempts to appropriate the legacy of Mahatma Gandhi and Sardar Patel.

Is Modi's 'Mr India' Image Fading?

Is Modi's 'Mr India' Image Fading?

Rediff.com20 Aug 2025

'The Election Commission's involvement in the avoidable SIR controversy has carried a message down to the last voter -- who just does not like it,' observes N Sathiya Moorthy.

Rare Earth Magnet Shortage: Will China Play Ball?

Rare Earth Magnet Shortage: Will China Play Ball?

Rediff.com25 Jun 2025

The 17 rare earth elements that are at the centre of the current crisis are critical components of everyday products -- from cars to jet engines to electronics like smartphones and flat-screen TVs.

Both armies implementing border pact effectively: China

Both armies implementing border pact effectively: China

Rediff.com27 Feb 2025

The Chinese Defence Ministry has stated that the Indian and Chinese militaries are implementing the resolutions to end the standoff in eastern Ladakh in a "compressive and effective manner." This follows the disengagement process completed late last year after a pact for troop withdrawal from Depsang and Demchok, the last two friction points in eastern Ladakh. The disengagement has paved the way for the resumption of various dialogue mechanisms between the two countries, with the aim of normalizing bilateral relations.

DGCA deregisters 54 planes of Go First

DGCA deregisters 54 planes of Go First

Rediff.com1 May 2024

Aviation watchdog DGCA has deregistered all the 54 planes leased by Go First, days after a court allowed lessors to take back their aircraft from the bankrupt airline. Bogged down by financial turbulence and engine woes, budget carrier Go First stopped flying in May last year and is undergoing an insolvency resolution process. Foreign lessors that have leased planes to the airline had moved the court to take back the aircraft.

Jet Air staff seek stay on resolution plan; moves NCLAT

Jet Air staff seek stay on resolution plan; moves NCLAT

Rediff.com19 Aug 2021

Jet Airways' cabin crew and ground staff have challenged the Jalan Kalrock consortium's resolution plan, which was approved by the National Company Law Tribunal (NCLT) in June, flagging concerns about pending salaries and retirement benefits. In their petition filed before the National Company Law Appellate Tribunal (NCLAT), the Jet Airways Cabin Crew Association and Bhartiya Kamgar Sena have submitted that dues of all workmen of the airline were not included as part of the Corporate Insolvency Resolution Process (CIRP) cost. In June, NCLT approved Jalan Kalrock Consortium's resolution plan for Jet Airways, which remains grounded for more than two years now.

'Focus Is To Maintain The Casa Ratio'

'Focus Is To Maintain The Casa Ratio'

Rediff.com8 Nov 2024

'It has remained around 38 per cent over the past four to five quarters.'

Affordable Homes Within Reach As Banks Ease Lending Norms

Affordable Homes Within Reach As Banks Ease Lending Norms

Rediff.com8 Jul 2025

The move is to align affordable housing finance flows to the increase in property costs and inflation, says Raghu Mohan.

Was Bhagwat Targeting Modi With His 'Retirement At 75' Remark?

Was Bhagwat Targeting Modi With His 'Retirement At 75' Remark?

Rediff.com19 Jul 2025

Bhagwat's 'retirement at age 75' comment lands just as he and Modi near that mark -- sparking whispers of retirement, rifts, and reshuffles.

India's BPO Industry Gets AI Makeover

India's BPO Industry Gets AI Makeover

Rediff.com29 May 2025

Call centres, once the engine room of India's BPO exports, are evolving too. Depending on the complexity, 30 to 50 per cent of voice and chat volumes are now handled by conversational AI.

SpiceJet interested in buying bankrupt Go First

SpiceJet interested in buying bankrupt Go First

Rediff.com19 Dec 2023

SpiceJet on Tuesday said it has expressed interest to acquire Go First and plans to submit its offer after carrying out due diligence of the bankrupt carrier. Go First, which stopped flying since May 3 amid financial woes mainly triggered by Pratt & Whitney engine issues, is undergoing an insolvency resolution process.

Crowdsourcing ideas: IBBI seeks public views on IBC regulations till date

Crowdsourcing ideas: IBBI seeks public views on IBC regulations till date

Rediff.com13 May 2023

In what could result in a complete overhaul of the Insolvency and Bankruptcy Code (IBC), the insolvency regulator has sought public comments on the regulations it notified under the code to date. The Insolvency and Bankruptcy Board of India (IBBI) has given a window of eight months ending December 31 to all stakeholders to share their views on its regulations. IBBI has called the exercise "crowdsourcing of ideas".

RBI considers fresh guidelines to curb mis-selling

RBI considers fresh guidelines to curb mis-selling

Rediff.com10 Jun 2025

Concerned over the rise in mis-selling of products by banks and non-banking financial companies (NBFCs), the Reserve Bank of India (RBI) is examining whether to come up with norms to curb such practices. Observing that pushing financial products, such as insurance, indiscriminately to unaware consumers may be detrimental to their well-being, RBI Deputy Governor M Rajeshwar Rao said, "We are examining whether it necessitates framing of guidelines to address mis-selling of financial products and services by REs (regulated entities)."

Glitch grounds AI's San Francisco-Mumbai flight in Kolkata

Glitch grounds AI's San Francisco-Mumbai flight in Kolkata

Rediff.com17 Jun 2025

The termination led to chaotic scenes at the Netaji Subhas Chandra Bose International Airport as the 211 passengers on the Boeing 777-200 LR tried to convince officials to let them reach their destination at the earliest.

'Indus Water Treaty On Deliberate Pause'

'Indus Water Treaty On Deliberate Pause'

Rediff.com5 May 2025

'India's letter to Pakistan on April 24 (2025; two days after the Pahalgam terrorist attack) didn't tear up the treaty -- but it did put it on ice.'

Kerala Sets Up Digital Cheque Bounce Court

Kerala Sets Up Digital Cheque Bounce Court

Rediff.com17 Aug 2024

'Digital courts will alleviate congestion in traditional courts.'

Don't sell Ulips as investment products: Irdai to insurance companies

Don't sell Ulips as investment products: Irdai to insurance companies

Rediff.com24 Jun 2024

The Insurance Regulatory and Development Authority of India (IRDAI) has asked life insurance companies not to advertise unit-linked plans as investment products in a recent circular.

We will not be sitting quietly if...: Tharoor on Pahalgam attack

We will not be sitting quietly if...: Tharoor on Pahalgam attack

Rediff.com25 May 2025

Congress MP Shashi Tharoor on Saturday (local time) highlighted how India responded in a measured and calibrated manner towards terror bases and headquarters in Pakistan, following the dastardly Pahalgam terror attack in which 26 people were killed.

Why Kerala Opposes Sand Sea Mining

Why Kerala Opposes Sand Sea Mining

Rediff.com19 Apr 2025

If as critics point out, the environmental impact assessment study was commissioned only after the auction process got underway with not all the stakeholders getting to know of it, then the government has already compromised the trust it could have enjoyed with Kerala's public including its coastal communities, points out Shyam G Menon.

Need to address de-escalation: Jaishankar in Beijing

Need to address de-escalation: Jaishankar in Beijing

Rediff.com14 Jul 2025

India and China should build on 'good progress' in normalising the bilateral ties to address border-related issues including de-escalation, and it is essential to avoid 'restrictive trade measures and roadblocks', External Affairs Minister S Jaishankar said on Monday during talks with his Chinese counterpart Wang Yi.

US vetoes UN resolution on immediate Gaza ceasefire; UK abstains from voting

US vetoes UN resolution on immediate Gaza ceasefire; UK abstains from voting

Rediff.com9 Dec 2023

The 15-nation Council met on Friday to vote on the resolution tabled by the United Arab Emirates and backed by over 90 member states. The resolution got the backing of 13 Council members who voted in its favour while the United Kingdom abstained.

Blow for Mamata as SC cancels appointment of 25,753 teachers

Blow for Mamata as SC cancels appointment of 25,753 teachers

Rediff.com3 Apr 2025

The Supreme Court of India has invalidated the appointment of 25,753 teachers and other staff in West Bengal's state-run and state-aided schools, deeming the selection process "vitiated and tainted." The court ordered the state government to conduct a fresh selection process within three months. The decision comes after a Calcutta High Court verdict in April 2024, which also annulled the appointments. The apex court, while upholding the high court's order, made some modifications, including exempting disabled employees from returning their salaries. The case stemmed from alleged irregularities in the 2016 recruitment process by the West Bengal School Service Commission (SSC), involving OMR sheet tampering and rank-jumping. The Supreme Court had previously termed it a "systemic fraud." Former West Bengal education minister Partha Chatterjee and Trinamool Congress MLAs Manik Bhattacharya and Jiban Krishna Saha are among the accused being investigated in the recruitment scam.