SC asks Sahara to clear whether it will repay Rs 27cr to investors

SC asks Sahara to clear whether it will repay Rs 27cr to investorsSahara group on Tuesday will declare in Supreme Court whether it would comply with the apex court's order to refund Rs 27,000 crore, which it had collected in violation of SEBI rules, to its investors.

On Monday, the Supreme Court had given 24 hours time to Sahara group to clear its stance on the issue.

Two Zee journalists to appeal for bail on Saturday

Two Zee journalists to appeal for bail on SaturdayThe two journalists of Zee News channel, who were arrested by the police for trying to extort Rs 100 crore from Congress MP and industrialist Naveen Jindal, will appeal for bail on Saturday at a Delhi court.

The two journalists are facing accusations of trying to extort the money by manipulating the media reports relating to coal block allocation scam in the country. The court had sent Sudhir Chaudhary, head of Zee News, and Samir Ahluwalia, head of Zee Business to 14-day judicial custody.

SC issues notices to two companies linked with Chidambaram's son Karti

SC issues notices to two companies linked with Chidambaram's son KartiThe Supreme Court of India on Thursday issued contempt notices to two companies, in which Union Finance Minister P Chidambaram's son Karti Chidambaram holds extensive interests.

The notices were issued in response to a contempt petition filed by Janata Party President Subramanian Swamy who alleged that the two companies had filed a defamation lawsuit against him in Singapore to intimidate him and force him to stop pursuing the 2G scam case in India.

Digvijaya welcomes CBI probe into Indore mall case

Digvijaya-Singh-CBIMadhya Pradesh former chief minister and Congress general secretary Digvijaya Singh has welcomed the state high court's order to get the alleged corruption in the construction of Treasure Island mall in Indore probed by CBI.

On Thursday, the Indore bench of the Madhya Pradesh High Court directed the CBI to probe the allegations that Digvijaya Singh bent the rules to permit the construction of the Treasure Island Mall in a residential area.

Following the High Court bench order, Digvijay said, "I welcome the decision. must investigate and punish me if I have done any thing wrong."

SC orders complete ban on transportation of iron ore in Goa

GoaThe Supreme Court of India on Friday continued the ban imposed on excavation operations in iron ore mines in Goa, and also ordered a complete ban on the movement of iron ore in the state.

On 10 of September, the government of Goa had suspended all mining operations till the month of October, but non-governmental organisation Goa Foundation’s counsel Prashant Bhushan argued that suspension didn’t affect the trade as private companies were still transporting iron and magnesium ores that had already been mined.

Abbott penalized in Depakote drug Case

Abbott penalized in Depakote drug CaseDrug maker Abbott Laboratories (ABT) has lost the Depakote drug case in the US and has been sentenced to pay criminal liabilities.

U. S. District Court Judge Samuel Wilson of the Western District of Virginia ahs ordered the company to pay $500 million in criminal fine, forfeit another $198.5 million and pay $1.5 million to the Virginia Medicaid Fraud Control Unit. The company will also face a five year term of probation after it was proven guilty in the court.

Kudankulam Nuclear Plant can be stalled if safety concerns aren’t met: SC

Kudankulam Nuclear Power PlantThe Supreme Court of (India) on Thursday warned that the commissioning of the Kudankulam Nuclear Power Plant could be stalled if safety concerns of the people in the vicinity are not met.

A Supreme Court bench headed by Justice K S Radhakrishnan underlined that money spent on the nuclear plant is less important than the safety of local people.

Supreme Court gives UPA govt. respite on sale of natural resources

Supreme-Court-IndiaThe Supreme Court of India on Thursday gave the government much needed respite by ruling that is not mandatory that all allocations of natural resources be made through the auction route.

The BJP-led Opposition has long been launching verbal attacks on Prime Minister Manmohan Singh's government over its controversial decision of allocating coal blocks without auctioning them. National auditor CAG said in its report that arbitrary allocation of coal blocks robbed the taxpayers of around 1.86 lakh crore.

SC issues notices with regard to Sinha’s appointment as SEBI chief

SEBIThe Supreme Court of India has issued notices to the Centre government, capital market regulator SEBI and the President's advisor Omita Paul with regard to the controversial appointment of SEBI chief UK Sinha.

The notices were issued after some serious allegations were labeled in a Public Interest Litigation (PIL) filed by activist Arun Kumar Agrawal.

Activist Arun alleged in the PIL that UK Sinha lacked eligibility for the post as he didn’t reveal being privy to sensitive information from UTI, and that the selection committee was tweaked to appoint Sinha.

SC demands responses from centre over petition seeking probe

SC demands responses from centre over petition seeking probeIndia's apex court, the Supreme Court of India has asked for responses on the demands for a probe into the functioning of the civil aviation ministry during 2004-2008 that could reveal more details relating to the Air India scam.

The Supreme Court has asked the Centre, the CBI and the Central Vigilance Commission to file their responses on a petition seeking the investigation by either the CBI or a special investigation team (SIT). The petition was earlier submitted to the Delhi High Court but it was not accepted.

There is nothing wrong in relying on CAG report: Supreme Court

CAGThe Supreme Court of India delivered a major jolt to the struggling government by turning down solicitor general’s claim that the Comptroller & Auditor General’s (CAG’s) report on coal block allocations isn’t open for judicial review.

On Friday, solicitor general RF Nariman pleaded with the apex court that the CAG report on controversial coal block allocations wasn’t open for judicial review because Parliament’s Public Accounts Committee (PAC) was already examining it.

Microsoft says it has taken action to disrupt Nitol Botnet

Nitol-BotnetWith a US District Court in East Virginia backing Microsoft’s attempts to stall the spread of the Nitol Botnet, by granting permission to the company’s Digital Crime Unit to go for the distributors of the Botnet, Microsoft has revealed in a recent announcement that it has taken the necessary action for the disruption of the malware.

The court’s permission to Microsoft was based on the disclosure that the company’s supply chain was being infiltrated by cybercriminals; and Microsoft’s announcement about the disruption of the botnet marked the culmination of the company’s operation codenamed “b70.”

Germany's top court backs eurozone rescue fund

European-Stability-MechanismGermany's Constitutional Court has officially given its backing for the new rescue fund for the Eurozone and dismissed calls to block the fund.

The country’s top court attached conditions to the approval saying that the parliament will have a veto power on the increase increases in the size of the fund. The court in Karlsruhe, southern Germany gave its approval and sent a positive sign to the markets.

Row over Kudankulam nuclear plant reaches Supreme Court

Row over Kudankulam nuclear plant reaches Supreme CourtSocial activist G Sundarrajan filed a Special Leave Petition (SLP) with the Supreme Court of India, seeking the apex court's order to restrain the government from commissioning the controversial Kudankulam Nuclear Power Project (KKNPP).

The SPL filed through counsels Prashant Bhushan and Pranav Sachdeva, claimed that the Madras High Court had given a green signal to the KKNPP without ensuring that critical safety features are put in place or not.

PCI chairman defends cartoonist Trivedi; police agrees to give up his custody

PCI chairman defends cartoonist Trivedi; police agrees to give up his custodyJustice Markandey Katju, chairman of Press Council of India (PCI), has defended cartoonist Aseem Trivedi, saying he did nothing illegal.

Aseem Trivedi was arrested by Mumbai police on charges of sedation on Saturday. He was accused of displaying questionable caricatures of Parliament, the national emblem as well as the Constitution. On Sunday, he was produced before a holiday court, which sent him to police custody till 16th of September.

CBI to probe iron ore mined illegally in Karnataka

CBI to probe iron ore mined illegally in KarnatakaThe Supreme Court of India has ordered the Central Bureau of Investigation (CBI) to scrutinize the alleged illegal exports of more than 50 lakh tonnes of iron ore from the Bellikere port in Karnataka.

The four major exporters who were allegedly involved in the illegal export for the iron ore are: ILC Industries Ltd, SB Logistics, Dream Logistics Co., and Shree Mallikarjun Shipping Pvt. Ltd.

Hacker who infected 72,000 computers gets 30-month prison term

Hacker who infected 72,000 computers gets 30-month prison termAccording to a recent revelation by the Department of Justice (DoJ), Phoenix man Joshua Schichtel, 30, who pleaded guilty last August to having created a botnet which devastated nearly 72,000 computers, has been sentenced to prison.

As per the DoJ announcement, Schichtel was sentenced to a 30-month prison term on Thursday, for "selling command-and-control access to and use of thousands of malware-infected computers."

Vodafone chairman summoned by Enforcement Directorate

Vodafone chairman summoned by Enforcement DirectorateVodafone Chairman Analjit Singh has been summoned by the enforcement directorate for a hearing with regards to an investigation being conducted under the Prevention of Money Laundering Amendment Act (PMLA) and Foreign Exchange Management Act (FEMA).

The hearing is scheduled for August 31st. Singh is expected to send his authorized representative for the hearing.

A source with direct knowledge of the situation said the summons has directed Singh or his authorized representative to present seven sorts of documents.

Redrafted land acquisition bill will further land conflict: Medha Patkar

Redrafted land acquisition bill will further land conflict: Medha Patkar India's land acquisition law was drawn up by British colonial rulers more than century ago, and many feel the need the law to be amended to make it fitting to current situations. The government has so far attempted twice to amend the law, but every time it failed to make the desired changes.

Last week, the government prepared to introduce its latest version of the Land Acquisition act in parliament, but social activists once again opposed the bill, saying it falls far short of democratic expectation.

SC extends 2G spectrum auction deadline to November 12

SC extends 2G spectrum auction deadline to November 12The Supreme Court of India on Monday extended the deadline for the auction of 2G spectrum from August 31 to November 12, and also permitted operators, whose permits had become void, to operate until January 18 next year.

The Union government had requested the apex court to extend the deadline for the auction of the spectrum, saying it needed more time to complete the sale process.

Check out More news from Telecom Sector :: Pharmaceutical Sector :: Auto Sector :: Infrastructure :: Real Estate

Syndicate content