"We note that the appellant (DLF) is a listed company in real estate and is very well aware of legal formalities. By insisting affidavit and indemnity bond again and again, in spite of Letter of Administration issued clearly establish that the Appellants (DLF and Rajdhani Investments) are harassing the poor investors," said a three-member NCLAT bench.
“We confirm the development that Sonia has joined SAIF as corporate communications adviser to help portfolio companies," SAIF Partners said in a statement. Paytm is one of SAIF’s top portfolio companies, and the fund owns an about 18% stake in it.
The fund started by eBay founder Pierre Omidyar, which has been investing in India for 10 years now, claims to have touched the lives of 550 million Indians, having deployed $300 million. It intends to invest $350 million over the next five years.
Jeff Bezos has announced investments of USD 1 billion over the next few years in India. He could not reportedly get an audience with Indian PM Modi, while Commerce Minister Piyush Goyal stoked a controversy by stating that the e-commerce giant which is being investigated for predatory pricing is not doing India any favour by the investment.
"As India pushes ahead with digitalization efforts, we see increasing opportunities in health-tech, rural-tech, ecommerce and smart city development,” said Peter Ong Boon Kwee, the chairman of Enterprise Singapore, which promotes Singapore companies globally.
This is a ridiculous set of rules and procedures that uses the power of the State to mandatorily collect data from us, and park these at an institute, which is then authorised to examine us.
Venkky comes with over 20 years of experience in digitally advanced markets in Asia including Hong Kong and China. At KRDS he built one of Singapore’s largest independent digital agencies from the ground up. KRDS worked on brands such as Singapore Airlines, DBS, OCBC, AIA, Prudential, Capitaland, Singapore Tourism Board, P&G, J&J, HP and Facebook.
India Inc expects finance minister Nirmala Sitharaman to carry forward the direct tax reform process in her second budget to boost the sagging economy and lift sentiment.
India's top two cement makers, which together constitute about 40% of the installed capacity in the world’s second-biggest market for the building material, are competing to further consolidate their grip in the East by taking over Emami Group’s cement assets in a potential billion-dollar buyout.
The board is likely to discuss legal implications and impact of NCLAT order.
Economic analysts are debating the battle between Cyrus Mistry and Ratan Tata in terms of majority versus minority shareholder rights. But, according to ET's Consulting Editor Swaminathan Aiyar, the real question is can trusts made for charitable purposes and given tax-exempt status should be allowed to control businesses? Listen-in to what he has to say.
As part of this role he will be responsible for managing GE’s Grid Solutions markets for India, Bangladesh, Sri Lanka, Nepal, Bhutan and Myanmar from this region. Shivnani has an experience of over 30 years in the transmission and distribution sector in India. He joins GE T&D India from ABB where he was President of Power Grid Division.
The court said the committee shall first value and sell the encumbered properties of HDIL and if there is any shortfall towards repayment of dues, then the properties owned by Wadhawans shall be sold.
Birla Power Solutions (BPSL) has allegedly defaulted on repayment of deposits it took between 2009 and 2013. The outstanding amount, according to the probe agencies, is estimated to be more than Rs 500 crore and both Birla and the company are being probed by agencies including the Mumbai Police.
Aditya Birla Group chairman Kumar Mangalam Birla has written to employees on his reflections on 2019 and lessons for 2020.
The acts of a company’s internal management are normally not interfered by a judicial review, unless these acts were in conflict with the law, and were generally seen to be prejudicial to the interest of a large section of the company’s shareholders. Verdicts under company law have tilted in favour of the larger interest of the company, as opposed to individual interest.
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