The IPO is an offer for sale by the President of India, under the guidance of the Ministry of Railways and the Government of India, the statement added.
The ED said the shares attached were lying with Yes Bank and the Karnataka High Court had recently ordered the bank to surrender these "in favour of" the Debt Recovery Tribunal.
In a last-minute rescue Monday, Mukesh stepped in to help younger brother Anil pay $80 million in dues to a local unit of Ericsson AB and avert a three-month jail sentence. On the same day, his Reliance Jio Infocomm Ltd. and Anil’s RCom terminated a 2017 deal that had helped the latter stave off bankruptcy.
Forbes Richest Indians list: Mukesh Ambani continued to lead the Indian pack in the Forbes list which featured 106 Indians this year. Here are the top 10 Indians in the Forbes rich list.
The EPFO had provided a five-year low rate of interest of 8.55 per cent to its subscribers for 2017-18.
Worries that others states could follow suit; could lead to fresh wave of NPAs.
Citing the case of a power producer to which a distribution company owed money, the minister said just because the discom did not pay up, the power producer does not become a defaulter.
Debroy said there was a distinction between government and governance and that citizens needed to take matters into their hands if they wanted to prosper.
Bansal, who departed after Flipkart’s new owner Walmart Inc. investigated alleged personal misconduct, is now focused on xto10x Technologies, a startup he co-founded with former colleague Saikiran Krishnamurthy.
No tax for taxable income below Rs 5 lakh: This will incentivise individuals with gross income of even around Rs 10 lakh to make the best use of the deductions available.
The newly-named department under the Ministry of Commerce and Industry will look into matters related to promotion of internal trade, including retail trade, welfare of traders and their employees, facilitating ease of doing business and start-ups.
The latest circular states the Board has made a “comprehensive review” related to interpretation of the word “receives” used in Section 56(2)(viia) of the Income-tax Act.
The CSE report points out that the “dominance” of large-scale rooftop installations by commercial, industrial, institutional and government/PSU segments has meant that “attention to the residential solar rooftop segment has lagged behind.
Manoj Sinha says that bidding rules do not apply to backhaul airwaves
Over the last four years the Centre has completed major reforms in the MGNREGA to transform it into a resource for sustainable livelihoods for the poor, the Union Rural Development Ministry said.
No online platform should be abused to undermine the integrity and sanctity of democratic processes, IAMAI said on a panel’s suggestion of a formal line of communication between EC and social media companies
According to Society of Indian Automobile Manufacturers (Siam) data, passenger vehicle (PV) sales in December stood at 2,38,692 units, marginally down from 2,39,723 units in December 2017.
Gautam Singhania had filed the suit in September 2018 seeking an injunction on the proposed book, and also sought a copy of the book's manuscript.
Bharat Gold Mines Ltd was closed in March 2001 and the Union Cabinet in 2006 decided to dispose of assets and liabilities of the company through an open tender for smooth closure.
Six items have been taken out from the highest GST bracket of 28 percent, thereby leaving only 28 items in the slab. Now, the 28 percent slab is restricted to only luxury and sin goods, apart from auto parts and cement.