2G case: SC grants bail to 5 corporate executives
Posted Date : 23-Nov-2011 , 03:50:51 pm | Posted By CASANSAAR
In the first bail in 2G case, the Supreme Court today ordered the release of five top corporate executives from Tihar Jail, raising hopes of other accused in the case including former Telecom Minister A Raja and DMK MP Kanimozhi who have been in prison for over six months. A bench comprising jus...
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Employees can't be forced to work under new management: Supreme Court
Posted Date : 23-Nov-2011 , 08:06:05 am | Posted By CASANSAAR
Employees cannot be compelled to work under a new management and are entitled to retirement or retrenchment benefits, the Supreme Court has held. The apex court rejected the argument of Philip's India Ltd that since the employees had neither retired nor retrenched, hence the...
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No benefit to executives from management-union agreements: Supreme Court
Posted Date : 18-Nov-2011 , 08:32:22 am | Posted By CASANSAAR
The Supreme Court on Thursday ruled that once an employee was placed in the executive cadre, he would cease to be a workman, disentitling him to benefits accruing from a settlement arrived between the management and trade union of which he was a member prior to promotion.The judgment by a ...
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Ex can't use husband's name: Supreme Court
Posted Date : 17-Nov-2011 , 08:15:12 am | Posted By CASANSAAR
"Must a name mean something?" asks Alice as she travels through Wonderland whileWilliam Shakespeare famously asked "What's in a name?" To a Mumbai resident it definitely meant something as he fought a legal battle all the way to the Supreme Court to stop his ex-wife from using his sur...
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16 economic legislations in coming Parliament session
Posted Date : 17-Nov-2011 , 08:10:52 am | Posted By CASANSAAR
Government will seek passage of several key economic legislations in the winter session of Parliament, pushing its reforms agenda and allaying concerns of policy paralysis among a section of the industry. The long-pending Pension Fund Regulatory and Development Authority (PFRDA) Bill, which will...
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State Oil Companies cut petrol prices by Rs 2.22 a litre in Delhi
Posted Date : 15-Nov-2011 , 08:02:28 pm | Posted By CASANSAAR
Petrol is cheaper by Rs 2.22 a litre in Delhi from Wednesday as state oil firms have decided to cut its rates for the first time in last 33 months under pressure from the ruling Congress, which demand an immediate roll-back of the recent price hike. "Indian Oil has decided to reduce petrol prices...
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Petrol prices slashed by Rs 1.90 per litre from midnight
Posted Date : 15-Nov-2011 , 07:27:13 pm | Posted By CASANSAAR
Petrol is expected to be cheaper by about Rs 1.90 a litre in Delhi from Tuesday midnight as state oil firms have decided to cut its rates for the first time in last 33 months under pressure from the ruling Congress, which demand an immediate roll-back of the recent price hike. Executives of India...
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Kingfisher Airlines woes: UB Group looses over $4 bn market wealth from one-year peak
Posted Date : 13-Nov-2011 , 03:58:18 pm | Posted By CASANSAAR
Billionaire Vijay Mallya-led UB Group, currently in the eye of a storm over troubles at its Kingfisher Airlines, has lost nearly half of its market value from its peak scaled in the past one year. As per the stock exchange data, the combined market value of the group's six listed firms -- K...
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Get trade fair tickets at Metro stations
Posted Date : 12-Nov-2011 , 07:44:33 pm | Posted By CASANSAAR
Tickets for India International Trade Fair's (IITF) business visitors will be available at 26 Metro stations in the capital from Monday while the general public can collect the tickets from all stations from Nov 19.The fair will be open for business visitors Nov 14-18 for which the ticket is p...
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Auditor admits to fudging accounts of Jagan's firms, YSR Congress alleges conspiracy
Posted Date : 12-Nov-2011 , 08:45:01 am | Posted By CASANSAAR
YSR Congress chief Jaganmohan Reddy faces fresh trouble with his auditor, associated with prominent auditing firm Deloitte, admitting cooking books for his firm.
With the Enforcement Directorate (ED) and the Central...
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Govt to introduce Real Estate Regulatory Bill in parliament
Posted Date : 12-Nov-2011 , 08:24:16 am | Posted By CASANSAAR
Government will introduce the Real Estate Regulatory Authority and Development Bill in the coming winter session of Parliament to protect the right of consumers and to encourage regulated growth of real estate sector. Talking to media persons in New Delhi today, Housing and Urban Poverty Alleviation...
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ICICI's Chanda Kochhar most powerful; Sun TV's Kavery Kalanithi highest paid woman in India: Fortune
Posted Date : 09-Nov-2011 , 05:54:43 pm | Posted By CASANSAAR
ICICI Bank chief executive Chanda Kochhar has been named as the most powerful woman in Indian business but when it comes to pay, Sun TV Network's joint MD Kavery Kalanithi is the highest earner with an annual salary of $ 13.09 million, according to Fortune magazine. With a pay packet of $ 13.66 ...
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Transaction charges paid to BSE are taxable: HC
Posted Date : 07-Nov-2011 , 08:57:49 am | Posted By CASANSAAR
Noting that the BSE not only provides physical infrastructure, but also renders managerial services to its members, the Bombay High Court has held that transaction charges paid to the bourse are taxable at the source.
"It is obvious that the stock exchange has to manage the entire trading...
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Supreme Court grants bail to Satyam founder Raju, brother
Posted Date : 04-Nov-2011 , 01:17:49 pm | Posted By CASANSAAR
Close on the heels of granting bail to four former employees of Satyam, the Supreme Court today granted bail to Satyam founder B Ramalinga Raju and his brother B Rama Raju. Former Chief Financial Officer Srinivas Vadlamani has also been granted bail.Mr Raju and his brother B Rama Raju had earlier ap...
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Petrol prices hiked by Rs 1.80 a litre
Posted Date : 03-Nov-2011 , 09:31:48 pm | Posted By CASANSAAR
Oil companies today yet again hiked petrol prices by Rs 1.80 per litre to offset the fall in rupee that has made imports of crude costlier. After today's increase, petrol in Delhi will cost Rs 68.64 a litre. The rates will vary in other cities according to local levies. This is the se...
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TRAI extends limit to 200 sms per day
Posted Date : 01-Nov-2011 , 07:38:46 pm | Posted By CASANSAAR
Telecom Regulatory Authority of India, TRAI, has extended the 100 sms per day limit to 200 sms per day, per sim. Earlier, TRAI had restricted the number of commercial non-commercial sms that can be send from a sim, to 100. TRAI received representations from some of the service providers and con...
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Oil cos for another Rs 1.82/L hike in petrol prices
Posted Date : 01-Nov-2011 , 07:36:47 pm | Posted By CASANSAAR
State-owned oil companies are considering a Rs 1.82 per litre hike in petrol prices, as a fall in rupee has increased the cost of imports of the raw material (crude oil). Indian Oil, Hindustan Petroleum and Bharat Petroleum last hiked petrol prices by Rs 3.14 a litre on Septe...
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Govt approves Public Procurement Policy
Posted Date : 01-Nov-2011 , 03:14:02 pm | Posted By CASANSAAR
The Cabinet today approved the public procurement policy to boost micro, small and medium enterprises. The policy aims at purchasing 20 percent of their products by Government agencies.Briefing reporters after the Cabinet meeting, the Information and Broadcasting Minister Mrs. Ambika Soni said that ...
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Delhi HC dismisses Airtel plea against TDSAT
Posted Date : 28-Oct-2011 , 10:25:04 am | Posted By CASANSAAR
The Delhi High Court has dismissed Bharti Airtel's plea against telecom tribunal TDSAT that asked it to first pay half of the 50 crore fine imposed on it by DoT before the hearing.The Department of Telecom (DoT) had imposed 50 crore fine on the country's largest telecom operato...
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Swan Telecom was just a mask for Reliance Telecom: court
Posted Date : 23-Oct-2011 , 03:41:35 pm | Posted By CASANSAAR
Anil Dhirubhai Ambani Group (ADAG)-led Reliance Telecom Ltd (RTL) was today put on trial in 2G spectrum allocation scam case by a Delhi court which said Shahid Balwa-promoted Swan Telecom Pvt Ltd (STPL) was "just a mask" for RTL. Special CBI Judge O P Saini dismissed the contention of RTL th...
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Govt working to make pvt sector bribery criminal: PM
Posted Date : 21-Oct-2011 , 05:28:11 pm | Posted By CASANSAAR
Prime Minister Dr Manmohan Singh has said government is considering changes in law to make private sector bribery a criminal offence.Speaking at the Biennial Conference of CBI and state anti-corruption bureaux, the Prime Minister said India has ratified UN Conventions against corruption and to meet ...
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Govt to set up agency to take suo-motto action against mis-leading ads
Posted Date : 21-Oct-2011 , 08:06:24 am | Posted By CASANSAAR
An independent agency is being set up to take suo-motto action against mis-leading advertisements. Consumer Affairs Minister K V Thomas told AIR that the agency will have experts from various fields to check the exaggerated claims about their products and services in their advertisements.Mr. Thomas ...
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Centre asks Haryana govt to take steps to end Maruti strike
Posted Date : 19-Oct-2011 , 07:05:15 pm | Posted By CASANSAAR
The Centre on Wednesday asked the Haryana government to take steps to ensure that the strike at the Manesar plant of Maruti Suzuki India ends soon.Talking to reporters on the sidelines of a function in New Delhi, Union Labour Minister Mallikarjun Kharge, however, ruled out making a direct interventi...
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TDSAT asks Bharti Airtel deposit Rs 25 Cr penalty with DoT
Posted Date : 19-Oct-2011 , 08:24:33 am | Posted By CASANSAAR
Telecom tribunal TDSAT on Tuesday directed Bharti Airtel to pay 50 per cent of the Rs 50 crore penalty imposed by theTelecom Ministry in the matter of alleged violation of licence terms and conditions by the private operator for issuing bulk mobile connections.
Passing an interi...
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No govt jobs for those with criminal record: SC
Posted Date : 17-Oct-2011 , 08:17:25 am | Posted By CASANSAAR
A person facing criminal cases cannot be considered suitable for appointment in government service unless acquitted of the charges, the Supreme Court has held. Quashing the appointment of constable SK Nazrul Islam, the apex court said, "Surely, the authorities entrusted with the responsibility of ...
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Govt committed to make RTI more effective instrument: PM
Posted Date : 15-Oct-2011 , 09:58:11 am | Posted By CASANSAAR
he Prime Minister has asserted that the government is committed to making Right to Information more effective instrument for ensuring transparency and accountability in administration.Elaborating the need to strike a balance between request for information and limited time and resources available wi...
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Satyam Scam: SC grants bail to four former employees of Satyam Computers and a former auditor of PWC
Posted Date : 13-Oct-2011 , 08:32:03 am | Posted By CASANSAAR
The Supreme Court on Wednesday granted bail to four former employees of Satyam Computers and a former auditor of PriceWaterhouseCoopers (PWC) in multi-crore accounting fraud. "On the totality of the circumstances, we deem it appropriate to release them on bail on a personal bond of Rs 2 lakh an...
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DLF appeals to Competition Tribunal against CCI order
Posted Date : 11-Oct-2011 , 08:28:55 am | Posted By CASANSAAR
DLF Ltd, a leading real estate developer, has filed an appeal with the Competition Appellate Tribunal (Compat) against the August 16 order of the Competition Commission of India that imposed a fine of Rs 630 crore on the company for “abuse of dominant market position”. The tribunal reg...
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Govt to introduce regulatory mechanism for MFIs
Posted Date : 10-Oct-2011 , 08:47:57 pm | Posted By CASANSAAR
Government will soon introduce an effective mechanism to regulate Micro Finance Institutions, MFIs in the country. Rural Development Minister Jairam Ramesh said that the system will keep a check on MFIs and strictly regulate their functioning to address the problems of indebtness and multiple borrow...
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Ghazal maestro Jagjit Singh passes away
Posted Date : 10-Oct-2011 , 10:53:52 am | Posted By CASANSAAR
Renowned ghazal singer Jagjit Singh, 70, passed away at 8 am in Lilavati Hospital on Monday morning. He was admitted to the Lilavati Hospital on September 23 after he suffered brain haemorrhage in suburban Bandra where a life-saving surgery was performed on him. He is survived by...
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