India

13 Jul

Banks move NCLT to invoke personal guarantee of promoters

editor0 CommentsBusiness, India

Several banks have started moving the National Company Law Tribunal (NCLT) to invoke the personal guarantees given by promoters of defaulting companies. According to banking sources, leading banks, including State Bank of India (SBI), Bank of Baroda (BOB), and Union Bank of India (UBI) have approached different benches of NCLT to invoke the personal guarantee of 17 big defaulters including Atul Punj of Punj Lloyd (Rs 3,000 crore), Sanjay Singal of Bhushan Power and Steel (Rs 47,150 crore), and Wadhawans of DHFL (Rs 79,000 crore). Sources says that banks have decided that for invoking the personal guarantees, only the lead…

13 Jul

PM Modi To Interact With CMs Of North Eastern States On Tuesday To Review COVID-19 Situation

editor0 CommentsIndia, North East

PM Narendra Modi will interact with Chief Ministers of Assam, Nagaland, Tripura, Sikkim, Manipur, Meghalaya, Arunachal Pradesh and Mizoram at 11 am today via video conferencing. He will talk to the CMs about the COVID-19 situation in these states.The proposed meeting follows Union cabinet secretary Rajiv Gauba's interaction with the officials of the northeastern states' home departments last Wednesday amid concerns over rising cases of coronavirus infection in the region. The northeastern states have witnessed a recent spike in Covid-19 cases, despite a decrease in the number of cases across India. The central government had rushed multi-disciplinary expert teams to…

12 Jul

CBSE will not announce the Class 10, Class 12 board results this week.

editor0 CommentsEducation, India

The Central Board of Secondary Education (CBSE) will not announce Class 10, Class 12 board results this week. Earlier, the board had informed the Supreme Court that it would declare the results by July 31. Students were expecting an announcement for the results of Class 10 students this week, however, it will take some more time. Sanyam Bhardwaj, Controller of examinations for CBSE said that the board was still compiling the data and processing the results. "The results for Class 10 and Class 12 will not be released this week. We are still compiling data and the process is underway. Meanwhile,…

12 Jul

Petrol, diesel prices today on July 12: Petrol hiked again, diesel decreases

editor0 CommentsIndia

After reaching a historic high, the diesel prices decreased by 15 to 17 paise on July 12. However, the price of petrol was hiked again by 25 to 34 paise on the day, taking the prices across the country to another high, according to a price notification by state-owned fuel retailers. The decline in diesel prices has come after more than two months. With the first decrease in months, the diesel retailed at Rs 97.33 per litre in Mumbai, down by 17 paise from the previous day price of Rs 97.5 per litre. Petrol price, which has already crossed Rs…

12 Jul

LIC IPO gets CCEA’s green signal

editor0 CommentsBusiness, India

The Cabinet Committee of Economic Affairs (CCEA) has given in-principle approval to LIC’s initial public offering (IPO) while keeping the government’s plan alive. A top official source said that the CCEA, in its meeting on July 7, approved the reworked plan for IPO finalised by the Department of Investment and Public Asset Management (DIPAM), clearing several impediments for the country’s largest IPO. “We have also fixed the way for the offer and how investors should be roped into the insurer. With this, the road has been cleared for the IPO that, in any case, we were planning for FY22,” the…

12 Jul

India can become $15 tn economy in two decades: Adani

editor0 CommentsBusiness, India

Gautam Adani has said that India can become a $15 trillion economy in the next two decades and emerge to be among the largest global markets, Adani Chairman said in Annual General Meeting (AGM) meet. Addressing the AGM of Adani Group, he noted that although there will be bumps along the road, the largest middle class that will ever exist, augmented by an increase in the working-age and consuming population share, will positively impact India’s growth. On the group achieving the $100 billion market cap, he said that the performance of the group’s listed entities propelled its portfolio to cross…

10 Jul

COVID-19: Odisha grants Rs 352 crore financial package to MGNREGA workers

editor0 CommentsIndia

Odisha Chief Minister Naveen Patnaik on Friday (July 9) disbursed a Rs 352 crore package for 32 lakh workers engaged under the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) in the state from April to June. The financial package was a part of the Odisha government’s special COVID-19 package of Rs 1,690 crore for the poor. Each of the 32 lakh workers was given an extra amount of Rs 50 per day in addition to their wages, under the MGNREGA. The state paid an additional amount of up to Rs 4,500 for three months to the workers, ANI reported.…

10 Jul

YouTuber Karl Rock Barred From Entering India

editor0 CommentsIndia, international

YouTuber Karl Rock, who has been barred from entry in India since last October, had violated the terms of his visa, the Union Home Ministry said today. Married to an Indian, the New Zealand national has been blacklisted by the Centre and he has raised the matter with several authorities, both here and in his home country. Mr Rock's wife, Manisha Malik, meanwhile, has approached the Delhi High Court challenging the Centre's alleged "arbitrary and unreasonable" decision, a PTI report has said. She has cited Article 21, which guarantees one the fundamental right to life and dignity, to oppose the…

07 Jul

Ex-Union Minister Kumaramangalam’s wife and lawyer Kitty murdered in Delhi home

editor0 CommentsIndia

Kitty Kumaramangalam, the wife of late former Union minister P Rangarajan Kumaramangalam, was murdered at her residence in Delhi's Vasant Vihar on Tuesday night, the police said. One person has been detained and the search is on for two other accused, the police added. According to the police, it is a case of murder cum robbery. The regular washerman (dhobi) came to Kumaramangalam's house at around 9 pm on Tuesday. When the maid opened the door, he overpowered her and dragged her to a room to restrain her. In the meantime, two other men entered, overpowered deceased Kitty Kumaramangalam and…

06 Jul

Protests against fuel price rises in Siliguri

editor0 CommentsIndia, West Bengal

On Monday CPIM and Trinamool Congress held separate protest demonstration in Siliguri against the oil price rises. In the Darjeeling hills, petrol is now priced at Rs 101 and while in Siliguri Rs 99.61. Trinamool Congress protested by cutting a cake where it was written that petrol had crossed 100. Even they also burnt a image of PM Narendra Modi as a token of protest against the fuel price . The Darjeeling district Left front has been continuing protest against the price increse for the past few days. On Monday the DYFI staged protest demonstration in front of the Gandhi…