From demonetisation to sub-categorisation of Scheduled Castes to bulldozers, Justice Gavai has been part of several judgments.
Rajya Sabha member Kapil Sibal has criticised Vice President Jagdeep Dhankhar for questioning the judiciary over the timeline for the president to take decisions, calling it "unconstitutional " and a lowering of the dignity of the chair. Sibal asserted that Dhankhar's remarks are not neutral and amount to an attack on the judiciary by the executive. He also pointed out that the president acts on the aid and advice of the council of ministers, and therefore, the president's power cannot be curtailed. Sibal urged Dhankhar to seek a review of the judiciary's decision or an advisory opinion from the Supreme Court if he has problems with it. He also questioned why Dhankhar only focuses on actions taken during Congress governments and not after 2014.
The investigating officers wondered why nobody could hear any sound from inside the seminar hall when the victim was being tortured.
Reliance General Insurance Company (RGIC), a subsidiary of Reliance Capital, finds itself in a bind as the Directorate General of GST Intelligence (DGGI) has issued multiple Show Cause Notices (SCNs) amounting to Rs 922.6 crore. This development comes at a time when Reliance Capital is currently undergoing a debt resolution under the National Company Law Tribunal (NCLT) process in which the Hinduja group has emerged the winner. The Hinduja acquisition is currently awaiting the Supreme Court's approval after the Torrent group, the winner of the first round, challenged the second auction conducted by the lenders of Reliance Capital.
'However, to establish a quid pro quo, one can potentially see several things, like whether they got any benefits from the party that they gave money to. That is something that people (of India) will gauge. But to finally establish that there was money paid as consideration, it would require an investigation, a proper investigation, to be able to come up with such conclusions.'
More than a dozen entities, both domestic and foreign, had come under the regulatory glare over alleged short-selling before and after the publication of the Hindenburg research report against Adani Group, two people familiar with the development said. The Securities and Exchange Board of India (Sebi), which is examining the rise in stock values of Adani Group in the past few years, is also scrutinising the trade data and trade pattern of these entities allegedly involved in short-selling and made significant profit. Enquiries in the trade pattern of these entities reflected a profit of over Rs 30,000 crore, pre- and post-Hindenburg saga, said one of the two people.
When the House was taking up private members' business, Chowdhury urged Rajendra Agrawal, who was presiding over the proceedings, to allow Gandhi to attend the House.
The Supreme Court's decision to allow borrowers a chance to be heard before their accounts are flagged as fraudulent by lenders is expected to result in several cases being reopened where the borrower is aggrieved because of such classification, bankers said. Still, the reopening of cases would not be automatic. A borrower who is aggrieved by the 'fraud' classification will have to approach the bank and consequently, the bank will take the necessary steps so that the apex court's order is followed in letter and spirit, they said.
The Supreme Court (SC) on Monday slapped a fine of Rs 2000 ($25) and a four-month jail sentence on fugitive businessman Vijay Mallya. In addition, the former liquor baron has been asked to deposit $40 million with 8 per cent interest within a month, failing which his properties would be attached to recover the amount. The court held Mallya guilty of contempt after it was brought to its notice that he had transferred $40 million to his children in the US.
In a first of its kind move, the Indian Railways Catering and Tourism Corporation (IRCTC), the ticket booking arm of the Indian Railways, is looking to monetise its bank of passenger data while conducting business with private and government companies. IRCTC has a large bank of data related to every online railway ticket ever generated as it is the country's only railway ticketing platform, an IRCTC official told Business Standard. The public sector undertaking, which has sought the services of a consultant to assist with the monetisation process, plans to raise Rs 1,000 crore through this exercise.
Airtel had previously responded to the DoT's order by offering to pay Rs 10,000 crore by February 20 and the remaining before March 17. Airtel owes nearly Rs 35,586 crore, including licence fee and spectrum usage charge, to the government.
US e-commerce giant Amazon has written to Ajay Tyagi, chairman of market regulator Securities and Exchange Board of India (Sebi), to take action as is necessary to comply with the Supreme Court Judgment, related to the $3.4-billion merger deal between Future Group and Reliance. Amazon has requested Sebi to direct the Indian stock exchanges to withdraw the Observation Letters related to this deal with immediate effect. In January this year, Sebi had given a go-ahead onto Future Group's scheme of arrangement and sale of assets to Reliance, based on which the Bombay Stock Exchange also granted its "no adverse observation" report to the Rs 24,713-crore ($3.4 billion) deal.
Eminent Supreme Court lawyer PP Rao says it's worrying when the apex court's instructions are defied by state governments.
All banks are eligible for privatisation. A committee of secretaries will decide which banks will be privatised, says Financial Services Secretary Debasish Panda.
Opposition leaders across the Maldives are being rounded up and placed under detention as draconian measures are being put in place by President Abdulla Yameen.
Parliamentary Affairs Minister Ananth Kumar told the Lok Sabha that the issue of perks and pensions to MPs are given as per provision of the law and it is in the exclusive domain of Parliament.
However, the government is readying a relief package and it could include a cut in the licence fee to 5 per cent, two years' moratorium on paying spectrum charges with interest, and referring the GST tax refund issue to the Council.
The future of cryptocurrencies in India appears uncertain but that has not deterred young Indians from embracing the so-called 'fourth industrial revolution' world, where interconnectivity and smart automation, much of it relying on blockchain technology, drive human civilisation. Reserve Bank of India (RBI) Governor Shaktikanta Das has repeatedly warned of macroeconomic instability and even "serious consequences" if cryptocurrencies turn mainstream. The country's monetary authority wants a China-like total ban on crypto, not even allowing these currencies to be treated as investments. Though Parliament's website had listed the Cryptocurrency and Regulation of Official Digital Currency Bill as one seeking a total ban of cryptocurrencies in the country, it was not presented in the Winter Session. India now has the highest number of cryptocurrency investors in the world.
Lalitha's entry into the holy shrine was opposed by protesters suspecting that she belonged to the age group of 10-50. However, she was allowed to enter after verification under police protection.
Pakistan's opposition leader Imran Khan on Thursday hardened his stand by withdrawing from dialogue with the government and vowed to continue his fight till the end, apparently buoyed by the Supreme Court's washing off its hands of the protests.
The letter comes a day after the Supreme Court in its verdict on the power tussle between the Delhi government and the Centre clipped the powers of the L-G.
Resignations of Anil Ambani and four other directors were conveyed to the CoC of RCom in its meeting on November 20 and were unanimously rejected.
Here's what your favourite Bollywood celebrities are tweeting.
Rediff.com's Vicky Nanjappa tracks the election sentiment in the Bellary
Desi providers of a bouquet of TV content on-the-go are most likely to succeed.
Team Kejriwal should go slow. They should, no doubt, keep putting pressure on the concerned firms to ensure smooth power supply, says Abdul Wasey.
The SMS-based application extends DBT's payment architecture to individuals, where their Aadhaar number will be linked to their bank accounts at the back-end.
Eleven others had surrendered before the same court on Wednesday. Eight more convicts, including actor Sanjay Dutt, have been given time by the Supreme Court to return to jail to serve the remaining period of sentence.
Reports suggest state-owned banks have lapped up Rs 40,000 crore, so far, using both bonds and equity instruments. The question, though, is whether there will be a perceptional change for PSB stocks.
Data contradict Swiss drug major's claim that India does not respect IPR.
Oil India and other PSUs had filed clarificatory /modificatory petition before the Supreme Court. These companies own and operate telecom networks though they do not provide telecom services.
Brian Druker, who invented the drug's molecule, says it would benefit patients in the short term.
Political reactions poured in shortly after the Supreme Court declared the Centre's flagship Aadhaar scheme constitutionally valid.
Back as president of the Board of Control for Cricket in India after the Supreme Court's ruling, under-fire N Srinivasan said he did not quit despite calls for his ouster as he had done nothing wrong.
In spite of all their complaints, pharma MNCs have been gaining market share in India. And this growth has come largely with generics.
Novartis' threat that it would not introduce new medicines in India after the verdict is hollow, says Anand Grover.
Industry body COAI plans to approach DoT citing Supreme Court's 2012 order
Dravida Munnetra Kazhagam chief M Karunanidhi on Friday described as "big relief" the Supreme Court's decision to commute to life imprisonment the death sentence awarded to murder convict M N Das and asked central and state governments to take steps for the release of the three death row convicts in Rajiv Gandhi assassination case.
The Supreme Court's decision to take up the case on Friday without granting him any interim relief, put to rest all the strategies being worked upon.
The CBI's feathers were trimmed from the start, its beak trained to give friendly pecks to its masters, says Sunil Sethi
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