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View: The key to RBI's long delayed resolution framework lies in its implementation
The framework was much needed and has in fact been delayed by at least 3 months as from the beginning , it was evident that Covid-19 would have devastating effect on the economy and would also cripple the operations and viability of the industry. Q1FY21 has seen fall in net profits of top 1670 companies by more than 50% and loans of more than Rs 15 lakh crores to industry are in stress.
Uber’s job cuts, office closures reflect narrower ambitions
Uber, which for years burned cash in exchange for user growth, had also faced cha...
Covid-19: Ministers fret over delay in lab reports, fear it can trigger super-spreading
“The problem is not so much with government labs, but...
Emami Agrotech's edible oil business down by 10% in Apr-Jun quarter due to closure of hotels, restaurants
The company reported sales of Rs 12,000 crore in last fiscal while profit was around Rs 100-120 crore.
Protesters demand closure of LG Polymers plant after toxic gas leak
Toxic styrene gas spewed out of the plant near the city of Visakhapatnam on Thursday, killing at least 11 people.
GoM recommends extension till May 15 closure of educational institutions, restricting public activities
A meeting of the GoM chaired by Defence Minister Rajnath Singh and participated by Home Minister Amit Shah and Finance Minister Nirmala Sitharaman concluded that religious centres, shopping malls and educational institutions must not be allowed to resume normal functioning at least for four weeks from April 14 when the current lockdown ends.
Oil India claims closure notice served to it by Pollution Control Board of Assam is withdrawn
“The Closure Notice served by Pollution Control Board of Assam (PCBA) has been withdrawn. PCBA has asked OIL to fulfill certain conditions within specific timeframes. OIL will take necessary steps to comply with the directives/conditions of PCBA,”OIL said in a statement.
OIL claims closure notice served by Assam Pollution Control Board on the verge of getting lifted
OIL stated that PCBA served a Closure Notice directing OIL to close down all the production as well as Drilling operations of all installations of Baghjan Oilfield forthwith. Chairman PCBA spoke to CMD-OIL and the Closure Notice is in the process of being lifted.
Coronavirus: SC orders closure of lawyers' chambers, only one court to function virtually
The top court said that by Tuesday evening, all lawyers' chambers in and around the apex court premises would be sealed.
Cow slaughter law being misused against innocent persons, says Allahabad High Court
The HC made this observation while delivering bail to one Rahmuddin, who has been accused under the Act. Arrested from Shamli, the accused, who has a criminal history, had been in jail since August 5 although he pleaded that he was not arrested from the spot (of the crime). There was also no allegation against him in the FIR.
Modi didn't accept even tea during 9-hour questioning by Gujarat riots SIT: Raghavan
Modi had also readily agreed to come to the SIT office in Gandhinagar for the questioning and brought his own bottle of water, Raghavan has written in his autobiography, 'A Road Well Travelled'.
Citing 2 instances, ED requests court not to accept police clean chit to 70 netas
Both the Mumbai Police and the ED are probing the role of over 70 politicians, including 50 from NCP, nine from Congress, two from Shiv Sena and one from BJP.
Cipla announces closure of USFDA inspection at Bengaluru facility
The company had earlier said that USFDA issued seven observations after conducting a routine 'CGMP inspection' at Cipla's API manufacturing facility in Virgonangar, Bengaluru.
Delhi Metro services closure period extended till Apr 14: DMRC
The DMRC in a tweet on Wednesday said, "We have received a few queries regarding the tenure of the closure of the Metro services. It is hereby informed that, in light of the lockdown issued by the government, Metro services will remain closed till 14 April 2020."
Siemens Q3 results: Reports net loss of Rs 2 cr
Total income in the quarter declined to Rs 1,417.9 crore from Rs 3,300 crore in the same period last year.