From Clix Capital set to buy majority stake in Lakhsmi Vilas Bank, RBI proposing 10-yr term for bank promoter-CEOs, here are top headlines on Friday morning
The apex court questioned the Department of Telecommunications on the AGR demands raised against the public sector undertakings. The court said its order never dealt with PSUs.
Payment timeline for AGR dues would be critical
The AGR issue is a 14-year-old case that had mobile operators locked in a legal battle with the government over the definition of of the term
The apex court said the petitioner's counsel failed to disclose 'why two specific brands in particular are chosen to be the target of the proceedings and what the source of his assertions'
It has also possibly thus settled a larger question in India that when a government due has been upheld, the company has to ensure it must be paid by whatever means.
A Bench of Justices Arun Mishra, S Abdul Nazeer and M R Shah raised questions on the demand raised by the government from PSUs and said its verdict in the case had been misinterpreted
The state government, on the other hand, opposed the plea saying similar matters are already pending before the Bombay High Court
From S&P retaining India's sovereign rating and outlook, SC relief to Amrapali homebuyers to HUL's crorepati club shrinking, here are top news of the day
SEBI filed an affidavit in this regard in the apex court which had sought its stand on a plea
RBI could ask banks to reward customers who do not default by giving a discount at the end of the loan's tenure
Govt's move on decriminalisation is welcome
The top court's order came on an application filed by court receiver senior advocate R Venkataramani, who has been appointed as a custodian of properties of Amrapali Group
A bench headed by Justice Arun Mishra will hear the matter tomorrow
A bench headed by Justice Arun Mishra issued the directions after observing that the construction of the housing projects had come to a standstill due to lack of funds
Top court asks authorities to withdraw legal complaints against migrant workers
The Budget earlier this year announced a 20% withholding tax on dividends paid to FPIs
The plea said that the authorities were duty bound to implement the court's direction but they have failed to notify and facilitate the functioning of the special committee
Supreme Court told the central and state governments to identify migrant workers stranded in the nationwide lockdown and send them home within 15 days
Business Standard brings you the top headlines of the day