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LIC nominee not independent: TRP

The simmering battle at the country’s sixth largest mutual fund, UTI, has erupted into a full-scale war, and the mutual fund’s proposed initial public offering (IPO) could be the first casualty with its managing director Leo Puri’s tenure...

Data privacy: DoT not to take up Trai suggestions for now

The department of telecommunications (DoT) is unlikely to act on the data privacy recommendations given by the Telecom Regulatory Authority of India (Trai) on Monday.

Huge write-off: Banks to take 92% haircut in Adhunik Metaliks case

Lenders to Adhunik Metaliks (AML) will take a haircut of around 92% and settle for Rs 410 crore against their outstanding dues of Rs 5,370 crore after the Kolkata bench of the National Company Law Tribunal (NCLT) on Tuesday approved the resolution...

Bhushan Power Case: NCLAT raps RP on no voice for CoC

The two-member NCLAT bench, headed by chairman justice SJ Mukhopadhaya, said that “no voting can be held in the absence of any meeting.”

Bhushan Power Case: Wait till we rule on IBC – Supreme Court to NCLT

Even as the government has stood firm on resisting a call for easing the exclusion norms under the insolvency resolution process to retain its integrity — the latest amendments to the Insolvency and Bankruptcy Code (IBC) have only buttressed...

Monsoon Session: IBC, GST changes, fugitive Bill top agenda, if Opposition allows

Even as political tensions are peaking in the run-up to next year’s general elections, Prime Minister Narendra Modi on Tuesday sought cooperation from Opposition parties for the smooth functioning of the monsoon session of Parliament.

Economic offenders: Centre sets up committee to prevent escape by defaulters

High-level panel to look for ways to raise a red flag at earliest before a defaulter can attempt to flee.

Maharashtra discom’s dues to wind energy firms rise to Rs 2,000 crore

Maharashtra State Electricity Distribution Company’s (MSEDCL’s) dues to wind energy firms have risen to Rs 2,000 crore on account of poor recovery from customers even as its distribution losses got reduced to 13% in FY18, from 17% a year...

COAI to Trai: Keep norms on spam calls on hold for now

The industry body wants Trai to first address the concerns related to deployment of blockchain technology and regulating apps, among others, before rolling out the new regulations.

‘Record disagreement with decision if tax appeal not filed due to new rules’

Central Board of Direct Taxes (CBDT) has instructed its senior officials that if an appeal is not filed in a higher forum due to restriction imposed on monetary limit of tax effect alone then the same should be recorded to avoid any misinterpretation...