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Corporate Law News


SC allows Tata's petition on JV with Idea

   10 July 2008 at 15:42

The Supreme Court today allowed Tata Industries' petition seeking arbitration to resolve its dispute related to the termination of their joint venture Idea Cellular with A V Birlas' group firm Grasim.Justice V S Sirpurkar while allowing Tata's pleas ..

Posted in Corporate Law |   266 Views


SC allows Tatas petition to resolve dispute with Idea

   10 July 2008 at 15:42

SC allows Tatas petition to resolve dispute with Idea The Supreme Court on Wednesday allowed Tata Industries' petition seeking arbitration to resolve its dispute related to the termination of their joint venture Idea Cellular with A V Birlas' group f ..

Posted in Corporate Law |   258 Views


Trustees must keep eye on finances of debt-issuing cos

   10 July 2008 at 15:39

A lack of due diligence to see-through the financial un-worthiness of debt-issuing companies can lead debenture trustee-entities like banks that oversee such issuance into trouble. In what would call for greater accountability for debenture trustees, ..

Posted in Corporate Law |   304 Views


SC allows Tata Power to supply power to retail consumers

   10 July 2008 at 15:39

The Supreme Court on Tuesday allowed Tata Power Company Ltd (TPC) to supply electricity to retail consumers, whose average consumption was less than 1000 KVA, in Mumbai and its suburbs. A bench headed by Justice Altamas Kabir, while refusing Relianc ..

Posted in Corporate Law |   225 Views


Government approves 28 FDI proposals worth Rs.13.27 billion

   10 July 2008 at 15:39

The government has approved 28 foreign direct investment (FDI) proposals totalling Rs.13.27 billion including global retail major Marks and Spencer’s proposal for 51 percent foreign direct investment in single brand retail business. “Based on the rec ..

Posted in Corporate Law |   291 Views


RBI makes exchange of damaged currency notes hassle-free

   10 July 2008 at 15:39

Exchanging soiled and damaged currency notes with fresh ones has been made easier with the Reserve Bank asking banks to set up facilities in this regard at their branches. Even the mutilated currency notes, with essential features in tact, can be ex ..

Posted in Corporate Law |   2548 Views


Ambani bros indulge in legal shadow-boxing

   10 July 2008 at 15:39

The spat between the warring Ambani brothers over the South African telecom giant MTN turned into a game of legal shadow-boxing on Monday with offers and counter offers for discussions being spurned on both sides.Wary of falling into a legal 'trap', ..

Posted in Corporate Law |   298 Views


Management | Intentions on legal framework for single-brand retail remain unclear

   07 July 2008 at 15:10

Fendi, Christian Dior, Louis Vuitton...the list goes on. Name almost any brand and chances are that you could walk across to a store in India and pick it up. No more browsing websites and asking friends or relatives to pick up the coveted item on a f ..

Posted in Corporate Law |   383 Views


Vigilance not satisfied with Amarinder’s answers

   07 July 2008 at 15:10

The Vigilance Bureau officers, who questioned former Punjab Chief Minister Amarinder Singh here today were not satisfied with his replies to the questions put to him. The bureau has given eight weeks to Amarinder Singh to come prepared with replies t ..

Posted in Corporate Law |   259 Views


Industries with ten or more employees to be under EPF: Govt

   06 July 2008 at 09:27

New Delhi, Jul 5 Government today approved the proposal of bringing industries with ten or more employees under the ambit of Employee's Provident Fund (EPF) against the earlier limit of twenty or more workers.The decision on revision in the rate of ..

Posted in Corporate Law |   911 Views