Jersey is a sweet little drama that hits a home run on the strength of its heart and hero, applauds Sukanya Verma.
The accused were allegedly complicit in causing losses to the tune of Rs 1,000 crore to MSCB between 2007 and 2011.
Piramal Enterprises' bid for debt-ridden DHFL received the most votes from lenders at the close of the voting process on Friday, sources said. Piramal Enterprises' bid received 94 per cent votes as compared to 45 per cent for the US-based Oaktree Capital. Voting was done on various parameters, including qualitative and quantitative.
After Yes Bank was placed under moratorium, digital payments were impacted as PhonePe, which depends on the cash-strapped lender for its transactions, could not operate. Even the bank's own net banking facilities have not been operational since last evening. Other fintech operators who rely on Yes Bank to settle their transactions are also down.
The Centre on Friday told the Delhi High Court that it was willing to translate and publish the draft Environment Impact Assessment (EIA) in all the 22 vernacular languages in the Eighth Schedule of the Constitution.
On his last day in office as the Chief of Army Staff, General Bipin Rawat on Tuesday paid tribute to martyrs at the National War Memorial in New Delhi on Tuesday. General Rawat remembered the brave personnel who had sacrificed their lives in the service of the nation. He also received his farewell Guard of Honour as the Army Chief at the South Block.
In its EoI document, the bank had said it was open to converting into a small finance bank.
A quintessential military commander, Gen Bipin Rawat possessed an uncanny understanding of geopolitical upheavals, calibrated a tri-services military doctrine to make India face myriad security challenges, and is largely credited with bringing down militancy in the Northeast and Jammu and Kashmir.
'This four-member committee cannot supersede the four-five member ministerial committees, 25 top-level government bureaucrats, with whom we have had nine rounds of discussions each of which lasted for more than six-seven hours.'
The number of forms to be filled to operate drones in the country have been reduced to six in draft 'Drone Rules, 2021' in comparison to 25 forms mentioned in the Unmanned Aircraft System (UAS) Rules, 2021, it said.
Referring to the incident, a fresh plea has been filed for urgent hearing of the PIL, pending since March this year, saying "The right to freedom of speech and expression cannot supersede the right to life and if this protest is allowed to go in like this, the nation at large will be at a loss."
The SBI board has given the largest lender an "in-principle" approval to invest in the capital-starved Yes Bank. The central board of SBI discussed the matter at a meeting on Thursday, it informed the exchanges.
The Bombay high court on Saturday granted an interim stay to the operation of parts of the recently notified Information Technology Rules, 2021 which require that all online publishers follow a "code of ethics" and norms of conduct.
Sara Ali Khan is definitely a chip of the old block and Bollywood. The abandon in her dance, the candour in her histrionics, a combination of the ada and attributes of Rekha and Madhuri Dixit all rolled in one, she is like an old soul in a contemporary body, applauds Sukanya Verma.
The central agency is probing Kapoor's role in connection with the disbursal of a loan to a corporate entity and the subsequent alleged kickbacks that were reportedly received in his wife's accounts.
'People love watching good stories and as film-makers, it's on us to leave them with something they can take home.'
Hundreds of shoppers pack a wet market on a December weekday morning in the Chinese city of Wuhan, jostling to buy fresh vegetables and live fish, frogs and turtles. Almost a year since the city reported the world's first cases of COVID-19 in one of its handful of vast wet markets, and even as several other countries remain firmly in the grip of the subsequent pandemic, life in Wuhan has largely returned to normal.
Tata Steel was the top laggard in the Sensex pack, cracking over 6 per cent, followed by SBI, IndusInd Bank, HDFC, ICICI Bank and ONGC. Bajaj Auto, Maruti and Asian Paints were the only gainers.
Finance Minister Nirmala Sitharaman on Friday assured cash-starved Yes Bank depositors that their money is safe and the RBI is working on an early resolution of the issue. "I'm in continuous interaction with the Reserve Bank of India (RBI). The central bank is fully seized of the matter and has assured they will give a quick resolution. I want to assure every depositor that their money shall be safe. Their monies are safe," Sitharaman told reporters in New Delhi.
Inching closer to resolving the Punjab and Maharashtra Cooperative (PMC) Bank issue, the Reserve Bank on Monday came out with a draft scheme for takeover of the crisis-hit bank by the Delhi-based Unity Small Finance Bank (USFB). The draft scheme of amalgamation envisages takeover of the assets and liabilities of PMC Bank, including deposits, by USFB, thus giving a greater degree of protection for the depositors, the RBI said. In September 2019, the RBI had superseded the board of PMC Bank and placed it under regulatory restrictions, including cap on withdrawals by its customers, after detection of certain financial irregularities, hiding and misreporting of loans given to real estate developer HDIL.
While there were concerns about the security aspect of drones, top government officials were of the view that restricting the drone industry would stifle a sunrise sector which holds significant promise for future, reports Arindam Majumder.
'We will not accept the CAA and EIA. We have been protesting against the CAA since 2016, but this government has not listened to us'
'What worked for the BJP were three things: Hindu nationalism, religion and a silent but strong anti-Muslim sentiment.'
Yes Bank has taken over the headquarters of Anil Ambani's group in suburban Santacruz in Mumbai for failure to repay dues worth Rs 2,892 crore. The private sector lender has also taken possession of two flats in South Mumbai for the non-payment of dues by Reliance Infrastructure, according to a notice published by Yes Bank in a newspaper on Wednesday.
For the first time in the past 11 months the United States District Court of Northern California favoured former students of the Tri-Valley University.
Lt General Rawat belongs to the famous 5th Battalion of 11th Gorkha Rifles. He is the current vice chief of army staff of Indian Army.
The ED slapped criminal charges of money laundering on the basis of the Mumbai Police FIR that was filed in August this year, which itself was filed on the basis of a similar complaint by the state economic offences wing.
With the latest relaxation on withdrawal, more than 84 per cent of the depositors of the bank will be able to withdraw their entire account balance, the RBI said.
General Bakshi is understood to have been assured by Defence Minister Manohar Parrikar that the process was under way to appoint him as India's first tri-service commander, a post that would, at least nominally, place him senior to General Rawat.
US-based Oaktree on Monday pipped Piramal Enterprises and Adani Group to emerge as the highest bidder for DHFL after fresh bids were invited under the insolvency process, according to sources. The committee of creditors had fixed December 14 as the last for submission of revised bids. According to the sources, Oaktree raised the bid to Rs 36,646 crore, including Rs 1,000 crore for insurance and Rs 3,000 crore of interest earned, while Piramal Enterprises offered Rs 35,550 crore, including Rs 300 for insurance and Rs 3,000 of interest earned.
Piramal Enterprises on Friday claimed that its bid for resolution of debt-ridden mortgage lender DHFL is highest and fully compliant with regulatory norms. Since the conclusion of the fifth and final round of the bidding process last month, Piramal Enterprises and the US-based Oaktree Capital are claiming that their bids are the highest and fully implementable. According to sources, suitors have submitted bids in the range of Rs 35,000-37,000 crore.
The Delhi high court was informed on Thursday that a trial court has ordered 'immediate release' from jail of Jamia student Asif Iqbal Tanha and Jawaharlal Nehru University students Devangana Kalita and Natasha Narwal who were granted bail on June 15 in the north-east Delhi riots case.
Isn't it time to review the 'fit and proper' criteria for banking licence, particularly with reference to individuals applying for it, asks Tamal Bandyopadhyay?
Leading stock exchanges BSE and NSE on Friday decided to drop Yes Bank from Futures and Options segment from May 29. The existing Futures and Options contracts across all expiries will expire on May 28.
Union Law Minister Ravi Shankar Prasad on Thursday said Justice S Muralidhar of the Delhi high court was transferred on the recommendation of the Supreme Court collegium and accused the Congress of politicising a routine transfer. He added that a "well-settled process" was followed in the transfer of Justice Muralidhar to the Punjab and Haryana high court.
Setting aside the ban on PwC, which is one of the Big Four global accounting firms, SAT said only the national auditors watchdog ICAI (Institute of Chartered Accountants of India) can take any action against its members and fraud cannot be proved on the basis of negligence in auditing.
Eshwarappa, a senior Bharatiya Janata Party leader from Shivamogga and who had been a long time associate of Yediyurappa, met Governor Vajubhai Vala and submitted a five-page letter on "serious lapses and authoritarian way of running the administration" by the chief minister.
The President issued the Constitution (Application to Jammu and Kashmir) Order, 2019 which comes into force "at once", and shall "supersede the Constitution (Application to Jammu and Kashmir) Order, 1954".
Future Retail Ltd (FRL) on Tuesday said it will explore all legal remedies to pursue its Rs 24,713-crore deal with RIL following a Delhi high court order directing status quo to be maintained till the court pronounces its order. Earlier in the day, a Delhi high court bench of Justice J R Midha directed FRL to maintain status quo in relation to its deal with Reliance Retail that has been objected to by US-based e-commerce giant, Amazon. Amazon welcomed the latest court directive.
Tamil Nadu-based Lakshmi Vilas Bank (LVB) with pre-independence lineage on Friday lost its identity after its merger with the Indian subsidiary of Singapore's DBS Bank. The debt-ridden 94-year old old bank's fate was sealed with Union Cabinet headed by Prime Minister Narendra Modi approving Scheme of Amalagamation on Wednesday.
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