LIVE: Pranab Mukherjee was a towering statesman, says PM Modi

Stay tuned with Business Standard for news LIVE updates

8:13 AM

Prashant Bhushan contempt case: 122 law students appeal SC to reconsider judgment

Around 122 law students from across the country have written to Chief Justice of India (CJI) SA Bobde and other judges of the Supreme Court to reconsider the judgment on senior lawyer Prashant Bhushan in the contempt of court case.

 

The Supreme Court had earlier this month held Bhushan guilty of contempt of court over his tweets and reserved its order on the quantum of punishment. The apex court is scheduled to pronounce the sentence today.

8:09 AM

Coronavirus fallout: Once fastest-growing large economy, India faces steepest quarterly slump

Once the world’s fastest-growing major economy, India is set to post the steepest quarterly decline in gross domestic product in Asia as it quickly becomes the global hotspot for coronavirus infections.
 

With more than 65,000 new infections a day and total cases topping 3 million in a country of 1.3 billion, India’s road to recovery appears a long and hard one. A mix of monetary and fiscal measures to prop up the economy have fallen short, leaving millions jobless and destitute, and businesses on the brink of bankruptcy. Read on...

7:59 AM

SC to issue order today in Vijay Mallya's plea seeking review of 2017 order holding him guilty of contempt

The Supreme Court on Monday will pronounce its verdict on a plea filed by fugitive businessman Vijay Mallya seeking a review of its May 2017 order holding him guilty of contempt for transferring USD 40 million to his children in violation of the court's order.

 

A bench of Justice UU Lalit and Justice Ashok Bhushan will pronounce the order judgment on August 31.

 

It had reserved the order in the case on August 27 after hearing parties in the case. Mallya is an accused in a bank loan default case of over Rs 9,000 crore involving his defunct Kingfisher Airlines and is presently in the United Kingdom.