'Mediation the best solution': SC on Kirloskar family feud

27 Jul, 2021

New Delhi, July 27 (IANS) The Supreme Court on Tuesday said "mediation is the best solution" while hearing a plea by Kirloskar Brothers Ltd CMD Sanjay Kirloskar challenging a Bombay High Court order for resolution through arbitration in a dispute over the deed of family settlement, in connection with the assets of 133-year-old corporate group.

MORE NEWS

With rooms, restaurants empty, hoteliers hope guests will check-in from Sept (27 Jul, 2021)

Chennai, July 27 (IANS) With feeder markets like Maharashtra for domestic travellers and overseas for international travellers not feeding them, star hotels in the city continue to have empty rooms despite Covid-19 relaxations, industry officials said.

FMCG revenue growth seen doubling to 10-12% this fiscal: Crisil (27 Jul, 2021)

New Delhi, July 27 (IANS) Revenue growth of the fast-moving consumer goods (FMCG) sector will double from 5-6 per cent reported for last fiscal to 10-12 per cent in 2021-22, said Crisil Ratings.

Believe it or not! Bihar has country's largest deposit of Gold ore (26 Jul, 2021)

New Delhi, July 26 (IANS) Believe it or not, but one of the country's poorest state, Bihar, is the goldmine of the nation, literally, holding country's largest resource gold ore, more than traditional leaders.

Govt justifies higher taxes on petrol and diesel (26 Jul, 2021)

New Delhi, July 26 (IANS) The government has justified high level of taxation on auto fuels suggesting that revenue from petroleum sector is important for running various developmental schemes but has refused to acknowledge the role played by higher prices of petrol and diesel in fuelling inflationary pressure on the economy.

China trying to paint dark outlook for Indian economy (25 Jul, 2021)

New Delhi, July 25 (IANS) In a scare-mongering exercise, the Chinese regime's mouthpiece is raising the spectre of a looming financial crisis for India

Pandemic-hit govt finances get crude shock; oil import bill to fall to decade low levels (25 Jul, 2021)

New Delhi, July 25 (IANS) In a clear indication that the global oil market may not present an advantage to India as it provided during the pandemic-hit fiscal 2020-21, the countrys oil import bill in the first three months of current fiscal has increased close to three times to reach scales not seen in past few years.

CBIC reduces compliance burden by abolishing renewals of licences and registrations (24 Jul, 2021)

New Delhi, Jul. July 24 (IANS) The Central Board of Indirect Taxes and Customs (CBIC) has abolished the requirement of periodic renewal of licence and registration issued to Customs Brokers and Authorised Carriers.

NCLAT says any further action on Piramal's DHFL Resolution Plan subject to 63 moons plea (23 Jul, 2021)

New Delhi, July 23 (IANS) 63 moons technologies on Friday said the National Company Law Appellate Tribunal (NCLAT) clarified that any step taken in the DHFL matter in furtherance of the resolution plan will be subject to the outcome of its appeal.

SC dismisses telcos plea seeking correction in AGR calculation (23 Jul, 2021)

New Delhi, July 23 (IANS) In a big setback for telecom companies, the Supreme Court on Friday dismissed their plea seeking correction of alleged errors in Adjusted Gross Revenue (AGR) calculation.

SEBI chief says IPOs like Zomato show maturity of Indian market (22 Jul, 2021)

Mumbai, July 22 (IANS) Amid several concerns raised over the successful IPO of Zomato which has been running in losses, SEBI Chairman Ajay Tyagi on Thursday said that recent public offerings show the maturity of the Indian market that is accepting the business model of new age tech companies, which may not be valued through the conventional parameters of profitability.