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NCLAT recalls order that allowed sale of RCom's tower and fiber assets

NCLAT recalls order that allowed sale of RCom's tower and fiber assets

The National Company Law Appellate Tribunal (NCLAT) on Wednesday recalled its previous order which allowed debt-ridden Reliance Communications to proceed with the sale of its tower and fibre assets.

The sale of these businesses form an important part of the overall Rs 250 billion asset monetisation blueprint of the troubled company.

'You are like my granddaughter': Tamil Nadu Guv Banwarilal Purohit apologises to journalist for patting her on cheek

'You are like my granddaughter': Tamil Nadu Guv Banwarilal Purohit apologises to journalist for patting her on cheek

Under fire for patting the cheek of a woman journalist, Tamil Nadu Governor Banwarilal Purohit on Wednesday tendered an apology to her.

The 78-year-old governor had patted Lakshmi Subramanian on the cheek when he was about to leave the venue of a press conference, triggering an outrage by the journalist fraternity and opposition parties, including the DMK.

PM Modi meets Theresa May for bilateral talks on immigration, counter-terrorism

PM Modi meets Theresa May for bilateral talks on immigration, counter-terrorism

Prime Minister Narendra Modi on Wednesday arrived at 10 Downing Street for a breakfast meeting with his British counterpart Theresa May during which the two leaders are expected to discuss wide range of issues of mutual interest, including cross-border terrorism, visas and immigration.

Modi was greeted with the customary handshake by May.

Very welcome to London, Prime Minister, May said as she greeted Modi, who arrived in a Tata Motors Range Rover.

Kathua incident shameful, we need to know where are we are going: President Ram Nath Kovind at Vaishno Devi University

Kathua incident shameful, we need to know where are we are going: President Ram Nath Kovind at Vaishno Devi University

Amid massive uproar over the Kathua rape and murder case, President Ram Nath Kovind on Wednesday said, ‘it was shameful that despite 70 years of Independence, such an incident took place in the country.’

‘We have to think what kind of society are we developing. It is our responsibility to ensure such a thing does not happen to any girl or woman,’ the President said during an event at Vaishno Devi University in Jammu and Kashmir’s Katra on Wednesday.

CBI probing Surya Pharmaceuticals in Rs 6.2 billion bank fraud case

CBI probing Surya Pharmaceuticals in Rs 6.2 billion bank fraud case

Indian police have launched an investigation into a Delhi-based pharmaceutical company for allegedly defrauding state-run Punjab & Sind Bank and four other banks of 6.21 billion rupees ($94.57 million), police said.

Investigation is continuing, Central Bureau of Investigation (CBI), the federal police, said in a statement on Tuesday. The CBI said the searches were conducted at seven locations and recovered some documents.

IPL 2018: Virat Kohli is now the highest run-getter in Indian Premier League history

IPL 2018: Virat Kohli is now the highest run-getter in Indian Premier League history

Virat Kohli earned the right to wear the Orange Cap as he become the batsman with most runs in this year's Indian Premier League (IPL 2018) so far. Royal Challengers Bangalore (RCB) captain Kohli scored 92 not out against Mumbai Indians (MI) on Tuesday night.

However, Kohli didn't just climb to top of the run scorers' list in this IPL but he also overtook Suresh Raina to become the highest all-time scorer in the Indian Premier League.

ATMs run dry as RBI runs short of currency paper

ATMs run dry as RBI runs short of currency paper

An acute shortage of currency paper is a major trigger for the current cash crunch affecting the printing of Rs 2000, 500 and 100 notes as the government could not meet the shortfall post demonetization when new notes had to be hurriedly printed.

With little inflow of the currency paper the scarcity could not be compensated as there was a sharp drop in imports and even the indigenous manufacturing did not meet the demands, DNA has learnt from officials privy to the details.

Kathua, Unnao rape cases: Manmohan Singh asks PM Modi to speak more often, says he 'should follow own advice to me'

Kathua, Unnao rape cases: Manmohan Singh asks PM Modi to speak more often, says he 'should follow own advice to me'

Criticising Prime Minister Narendra Modi for his long silence over the Kathua and Unnao rape cases, his predecessor Manmohan Singh asked him to follow his own advice and speak more often.

Two recent incidents -the rape and murder of an eight-year-old girl in Kathua district of Jammu and Kashmir and the alleged rape of a teenager by a BJP MLA in Unnao - have triggered massive protests in the country. After a long silence, Narendra Modi on Friday called the incidents shame for the country and asserted that the guilty will not be spared.

Tata Motors set for second successive quarter of standalone profit

Tata Motors set for second successive quarter of standalone profit

Automobile major Tata Motors is projected to post a standalone profit in the quarter ended March 31, 2018. This could be the second consecutive quarter of standalone profit for the company after five successive loss-making quarters, marking a turnaround of sorts.

Automobile major Tata Motors is projected to post a standalone profit in the quarter ended March 31, 2018. This could be the second consecutive quarter of standalone profit for the company after five successive loss-making quarters, marking a turnaround of sorts.

Supreme Court stays NCLAT order on partial sale of RCom assets to Reliance Jio

Supreme Court stays NCLAT order on partial sale of RCom assets to Reliance Jio

New Delhi: The Supreme Court on Monday stayed a National Company Law Appellate Tribunal (NCLAT) order that had allowed for partial sale of assets of Reliance Communications Ltd (RCom) to Reliance Jio Infocomm until the tribunal decides on the case.

The top court order effectively halts the RCom-Jio deal worth Rs25,000 crore to the extent of sale of tower and fibre assets.

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