LIVE: Mission Karmayogi to prepare civil servants for future, says PM Modi

Stay tuned with Business Standard for latest news LIVE updates

2:14 PM

Rupee settles 16 paise lower at 73.03 (provisional) against US dollar

2:05 PM

Gautam Adani says airports to create adjacencies for group businesses

Billionaire Gautam Adani on Wednesday said his ports-to-energy conglomerate acquiring a controlling stake in Mumbai airport will help expand its existing portfolio of six airports and create strategic adjacencies for the group's other businesses, news agency PTI reported.

 

Earlier this week, Adani Airports, a subsidiary of Mumbai-listed Adani Enterprises, announced the acquisition of GVK Airport Developers Ltd's 50.50 per cent stake in the Mumbai International Airport Ltd (MIAL). It will also buyout 23.5 per cent stake of Airports Company of South Africa (ACSA) and Bidvest Group to get a 74 per cent controlling interest in Mumbai airport.

 

"The Mumbai International Airport is absolutely world-class," Adani said in a statement. "The addition of the Mumbai International Airport and the Navi Mumbai International Airport to our existing portfolio of six airports provides us a transformational platform that will help shape and create strategic adjacencies for our other B2B businesses."

1:54 PM

Centre says Netflix movie 'Gunjan Saxena' depicts IAF in bad light, HC refuses to stay streaming

The Delhi High Court Wednesday refused to stay at this stage the streaming of Netflix movie, 'Gunjan Saxena - The Kargil Girl', on the Centre's plea that it depicts the Indian Air Force (IAF) in bad light, according to a PTI report. Justice Rajiv Shakdher asked the Centre as to why it did not approach the court before the release of the movie on the Over The Top (OTT) platform, and said an injunction cannot be granted now as the film is already streaming.

 

The high court issued notices and sought response of Dharma Productions Private Limited, which produced the film, its directors Karan Yash Johar and Hiroo Yash Johar, CEO Apporva Mehta, Zee Entertainment, Netflix Entertainment Services India LLP and M/s Netflix on the Centre's suit and interim application to remove the movie from all OTT platforms.

1:41 PM

Banks free to restructure loans, but can't penalise borrowers availing moratorium benefit, SC told

Banks are free to restructure loans but they cannot penalise honest borrowers by charging interest on deferred EMI payments under the moratorium scheme during the COVID-19 pandemic, a petitioner opposing the move said in the Supreme Court on Wednesday. A bench headed by Justice Ashok Bhushan, which commenced final hearing on a batch of pleas raising the issue of interest on instalments deferred under the scheme during the moratorium period, was told that paying interest on interest is a double whammy for borrowers, news agency PTI reported.

 

Senior counsel Rajiv Dutta, appearing for the petitioner Gajendra Sharma who has taken home loan from a bank, assailed the accrual of interests on EMIs even during the moratorium period.

 

RBI came out with the scheme and we thought that we will be paying the EMI after the moratorium period and later we were told that compound interest would be charged and it will be double whammy for us as we will be paying interest on interest, Dutta told the bench.

1:18 PM

IAF image is dented as movie 'Gunjan Saxena -The Kargil Girl' shows that force is gender biased: Centre to HC

1:12 PM

Kerala CM Pinarayi Vijayan writes to PM Modi to convey concerns of his govt with regard to hurdles in payment of GST compensation to the states.

1:08 PM

Bengaluru: Siddaramaiah along with local leaders visited DJ Halli and KG Halli where violence erupted last month

12:52 PM

Sushant Singh Rajput death case: Actress Rhea Chakraborty's father called for questioning by CBI

Actress Rhea Chakraborty's father called for questioning by CBI for the second consecutive day on Wednesday in connection with the case of actor Sushant Singh Rajput's death: Police official

12:47 PM

Union Ministers Prakash Javadekar and Jitendra Singh to brief press on Cabinet decisions at 3 PM today

12:43 PM

Justice Arun Mishra who sits as the SC Judge for the last today will sit alongside CJI SA Bobde today keeping in line with the tradition

12:30 PM

Shrivastava refers to Section 35 of the Disaster Management Act which gives the Central government power to take measures in case of disasters

Justice Bhushan: The question is not whether the power is there or not. The power is there. The question is whether the power was used under the Act.

12:29 PM

Moratorium interest case SC: Senior Advocate Ravindra Shrivastava for one of the petitioners making submissions now

Shrivastava points at the continuing and uncertain nature of the Covid-19 pandemic

11:53 AM

IAF image is dented as movie 'Gunjan Saxena -The Kargil Girl' shows that force is gender biased: Centre to HC

11:49 AM

Sundaram: If RBI is a regulatory body then RBI does have the power to regulate this

11:48 AM

Unfair to charge penal interest on borrowers, says Senior Counsel Aryama Sundaram