Business Standard

Thursday, December 19, 2024 | 08:47 PM ISTEN Hindi

Notification Icon
userprofile IconSearch

LIVE: Polls show US presidential election is heading for a tight finish

The top court after a brief hearing in the matter adjourned the case to the third week of January. Stay tuned for Latest LIVE news

Image BS Web Team New Delhi
A television screen broadcasts the final 2020 presidential campaign debate between Joe Biden and US President Donald Trump. Photo: Reuters

3:38 PM

Maratha quota: Maharashtra govt considering fee refund to students

The Maharashtra government is considering the option of reimbursing fees of students who would have benefited with Maratha reservation in admissions to medical colleges, state minister Amit Deshmukh said on Monday.
 
Deshmukh, who is the state medical education minister, said his department will move a proposal in this regard before the state cabinet.
 
The Supreme Court in September this year stayed the implementation of Maratha quota in jobs and education and referred the matter to a larger bench. The Maharashtra government later filed an application before a larger bench of the SC, seeking vacation of the stay on implementation of the quota.
3:34 PM

Rupee settles 32 paise lower at 74.42 (provisional) against US dollar

3:24 PM

US funds lower valuation of Indian unicorns Paytm, Ola due to Covid-19: Report

US-based mutual funds T Rowe Price and Vanguard have lowered their valuations of Indian unicorn companies Paytm and Ola, due to the disruption created by the Covid-19 pandemic in the first half of the year, according to a report by Times of India, which cited regulatory filings.
 
These mutual funds hold about one per cent stake in both the companies.
 
Paytm was valued at around $16 billion when it raised funding last year. T Rowe Price had invested about $150 million in digital payments firm Paytm in December 2019. According to the report, T Rowe Price has reduced the value of its share in Paytm by 26 per cent as of June 2020. According to the filings, the shares which were each purchased for $254 have now been valued at $188 by multiple funds managed by T Rowe Price, according to the filings. READ ON...

Ola cabs
3:08 PM

SC stays EC order revoking Kamal Nath's star campaigner status for MP bypolls

In a relief to Kamal Nath, the Supreme Court on Monday pulled up the Election Commission and stayed its order of withdrawing star campaigner status of the former Chief Minister and senior Congress leader.
 
Senior advocate Rakesh Dwivedi, representing the Election Commission, submitted before a bench headed by Chief Justice S.A. Bobde that the matter has become infructuous as the campaigning has already ended and the bypolls are due on November 3.
 
Senior advocate Kapil Sibal, representing Kamal Nath, opposed the arguments made by Dwivedi. "No notice was issued to us and this was arbitrary," said Sibal
 
Pulling up the Election Commission, the Chief Justice said: "We are staying your order."

Madhya Pradesh chief minister Kamal Nath resigns, BJP set to form govt | Business  Standard News
3:02 PM

LIVE: SC asks Centre to file status report on extradition of Vijay Mallya

The Supreme Court Monday asked the Centre to file status report in six weeks on the proceedings pending in the United Kingdom for extradition of fugitive businessman Vijay Mallya to India.
 
The Centre had on October 5 told the apex court that Mallya cannot be extradited to India until a separate secret legal process in the United Kingdom, which is judicial and confidential in nature is resolved.
 
A bench of Justices U U Lalit and Ashok Bhushan asked Solicitor General Tushar Mehta to file status report in the matter in six weeks and posted it for hearing in the first week of January next year. The bench also refused to accept the plea of advocate E C Agarwala, who has been appearing for Mallya in the apex court, seeking discharge from the case.

Fugitive Vijay Mallya to be flown, lodged in Mumbai on extradition: Report  | Business Standard News
2:57 PM

Rajasthan: Members of Gurjar community continue their protest demanding reservation

2:26 PM

SC asks Centre to file a status report in six weeks on progress of extradition process of Vijay Mallya

2:23 PM

Delhi HC issues notice to Centre, IP University, others on plea challenging exams in physical mode

The Delhi High Court on Monday issued notice to the Centre, Guru Gobind Singh IP University and others on a petition challenging the physical mode of examinations for BA LLB and BBA LLB programmes.
 
A Division Bench of Chief Justice DN Patel and Justice Prateek Jalan asked the Centre, Guru Gobind Singh IP University, Bar Council of India, University Grants Commission, Vivekananda Institute of Professional Studies, Amity University in Noida and listed the matter for further hearing on November 12.
 
The court was hearing a petition filed by various students including Sudhanshu Kathuria through Affinity Legal law firm by lawyers Jahnvi Sharma and Paritosh Dhawan.
 
The petition challenged the notifications dated September 30 issued by respondent whereby it has directed that the theory examinations for the regular, reappear, supplementary, mercy qua intermediate even semesters for the BA LLB and BBA LLB programs shall be held in physical mode from October 27, 2020.
1:59 PM

Supreme Court stays Election Commission's revocation of Congress leader Kamal Nath's star campaigner status

1:58 PM

What guidelines needed to bail out sexual crime accused, SC asks AG

The Supreme Court on Monday asked Attorney General KK Venugopal and other lawyers to recommend ways to improve gender sensitivity and the kind of bail conditions that need to be set while giving bail to those accused of sexual crimes. The top court order came in a case wherein the Madhya Pradesh High Court had ordered an alleged molester to visit the victim and allow her to tie a rakhi on his wrist.
 
After a detailed hearing in the matter, the Supreme court asked the AG, Senior Advocate Dushyant Dave, who was representing the intervenors, women lawyers represented by Senior Advocate Sanjay Parikh to help it set down guidelines on what sort of bail conditions are permissible while bailing out the accused in sexual offence cases.
 
Earlier, Venugopal submitted before a bench headed by Justice AM Khanwilkar that lectures need to be given to district and subordinate courts as also the High Courts on gender sensitisation, pointing out that a gender sensitisation and grievance redressal committee exists in the top court. READ ON...

Supreme Court
1:16 PM

UPI payments grow 80% in a year with over 2 billion payments: NITI Aayog CEO

The number of transactions made through Unified Payments Interface (UPI) crossed the 2-billion mark in October 2020, said NITI Aayog Chief Executive Officer (CEO) Amitabh Kant on Monday.
 
As per Kant, the transaction volume has grown 80 per cent in a year's time as there were 1.14 billion payments made through UPI in October last year.
 
The transaction value has also doubled in this time frame.
1:11 PM

SC asks trial courts to expedite hearing in cases against foreign Tablighi Jamaat members

12:46 PM

Loan Moratorium case: Going any further from relief announced would be detrimental to economy, Centre tells SC

The Centre on October 10 told the Supreme Court that going any further than the fiscal policy decisions already taken, such as waiver of compound interest charged on loans of up to Rs 2 crore for six months moratorium period, may be "detrimental" to the overall economic scenario, the national economy and banks may not take "inevitable financial constraints".
12:28 PM

BSP-BJP alliance not possible, ideologies opposite: Mayawati

Bahujan Samaj Party president Mayawati asserted on Monday that her party would never enter into an alliance with the BJP in the assembly or the Lok Sabha elections, highlighting that the ideologies of the two parties were "opposite".
 
Mayawati alleged that the Samajwadi Party and the Congress were misusing her recent statement so that the Muslim community distances itself from the BSP.
 
She had said last week that to ensure defeat of the SP candidates in future elections, including those of the legislative council and the Rajya Sabha, the BSP would vote for the Bharatiya Janata Party or any other party's candidate.
 
"The alliance of the BJP with the BSP is not possible in any polls in the future. The BSP cannot contest with the communal party," she said in a media briefing.
 
"Our ideology is of 'sarvajan sarva dharma hitay' (benefit of everyone and all religions)' and is opposite to the BJP's ideology," she said. "The BSP cannot enter into an alliance with those having communal, casteist and capitalist ideology."
12:18 PM

Six people were killed, nine injured when their van was hit by an unidentified vehicle in Bahraich in UP: police

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Nov 02 2020 | 6:20 AM IST