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Home Loans

Home Loans As per the Reserve Bank of India (RBI)'s guidelines on lending to Priority Sector, the following types of home loans extended by the Scheduled Commercial Banks (SCBs) are eligible to be classified as Priority Sector Advances :- i) Loans upto Rs. 20 lakhs, irrespective of location, to individuals for purchase/construction of a dwelling unit per family, excluding loans granted by..

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NALSAR Introduces PG Diploma in Aviation Law and Air Transport Management

NALSAR University of Law, Hyderabad in association with the Institute of Applied Aviation Management (IAAM)has introduced new course titled Post Graduate Diploma in Aviation Law and Air Transport Management (PGDALATM) with the object to impart world class aviation education with a global perspective, at an affordable cost. NALSAR-IAAM initiative institutionalises the academic - industry partne..

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Satyam Board to meet in Mumbai on Feb 12; to discuss funding

Satyam Computer's government-appointed Board will meet here on Thursday with further funding options and legal issues likely to top its agenda, a high-level source said. "The Board will meet in Mumbai on February 12 to discuss the company's long-term plans. These include further options to raise funds to meet short- to medium-term requirements," the source, closely connected with the development,..

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British commercial law major to expand to India

London, Jan 29 (PTI) British commercial law major Beachcroft has announced that it is entering into a joint venture in India as part of its international expansion plans. Beachcroft is entering into a joint venture arrangement with the Indian business law firm Khaitan Jayakar Sud & Vohra, which has offices in New Delhi, Mumbai and Kolkata. The joint venture move is against the backdrop of the ..

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DDA seeks more time for its internal inquiry

New Delhi, Jan 30 (UNI) The DDA sought more time for its internal inquiry, which was to conclude today, into the alleged housing scam. Earlier, the inquiry was to come to an end on January 24 but later its term was extended till today. A request from the DDA in this connection has been made to the Union Urban Development Ministry but it is yet to respond. The inquiry, led by DDA finance ..

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SC reserves judgement in Kerala sea port project case

New Delhi, Jan 30 (UNI) The Supreme Court has reserved its judgement on a petition challenging the tendering process for the Rs 6,000 crore Kerala sea port infrastructure project to convert vizhinjam into an international sea port. A bench, comprising Justice Arijit Pasayat and Justice Asok Kumar Ganguly, reserved the judgement after hearing arguments by the parties. The petitioner Zoom deve..

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Court lifts ban on sale of Reliance gas till final judgement

The Bombay High Court Friday lifted its interim ban on the sale of natural gas by Reliance Industries from the Krishna-Godavari basin till final orders March 15, and said the company can retail it at $4.20 per unit.The Mukesh Ambani-led group can sell the gas from the fields off the Andhra Pradesh coast based on the criteria set by an empowered group of ministers, headed by External Affairs Minist..

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Hearing on SEBI plea to quiz Rajus adjourned till Feb 9

The Andhra Pradesh High Court on Friday adjourned till February 9 the hearing on a petition by market regulator Securities and Exchange Board of India (SEBI) seeking permission to record statements of disgraced Satyam Computer founder B Ramalinga Raju and his brother B Rama Raju in the Rs70 billion fraud. Justice Seshasayana Reddy issued notices on SEBI's plea to the two Rajus and Chanchal..

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India Bar Council to hold urgent market liberalisation talks

The Bar Council of India (BCI), the main body opposing the entry of foreign law firms into the Indian market, has called an urgent meeting to review the issue in a possible sign of recognition that legal market liberalisation may be inevitable. The two-day meeting, to held in early February, will gather important stakeholders, including state bar councils and legal associations, to discuss the ..

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HT Media shareholders okay radio business demerger

NEW DELHI: HT Media Ltd (HTML) equity shareholders, secured and unsecured creditors' meeting which took place on 28 January has decided to go ahead with the demerger of the radio business from subsidiary company HT Music and Entertainment (HTME). HTME's FM radio stations operate under the Fever FM brand. According to company sources, “Yes, the meeting of the shareholders did happen today and..

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Flying high: man wins case against airline after 10 years

Flying high: man wins case against airline after 10 years Granted compensation of Rs 25,000 for having boarding pass snatched out of his hands by airline staff who gave his seat to another passenger By Aneesh Phadnis Posted On Saturday, January 24, 2009 at 02:36:36 AM The managing director of a city-based textile firm has been granted Rs 25,000 from Sri Lankan Airlines as compensati..

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Delhi HC: DMRC Gets Possession Of Sealed JVG Building For Its Project

Delhi HC: DMRC Gets Possession Of Sealed JVG Building For Its Project 1/24/2009 The Delhi High Court directed the official liquidator and land acquiring agency to hand over the possession of a building, sealed by them, to the Delhi Metro Rail Corporation for their project to construct a station there. Justice Gita Mittal directed the liquidator of the JVG properties to allow the project t..

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Court Rejects SEBI, SFIO Pleas To Quiz Rajus

Court Rejects SEBI, SFIO Pleas To Quiz Rajus 23 Jan 2009, 1719 hrs IST, PTI Text: HYDERABAD: A city court has rejected market regulator SEBI's plea to interrogate Satyam founder Ramalinga Raju and his brother Rama Raju, while refusing to entertain another petition by the Serious Fraud Investigation Office. The 6th additional chief metropolitan magistrate rejected SEBI's plea ..

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Benami Deals Under Govt Lens

Benami Deals Under Govt Lens 22 Jan 2009, 0119 hrs IST, Pankaj Doval, TNN NEW DELHI: Government has trained its guns on the benami transactions of Satyam's disgraced former chairman B Ramalinga Raju and other tainted directors and officials. It received a 'restraint order' from the Company Law Board (CLB) against key promoters and former whole-time directors of the company, includi..

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HC TO HEAR SEZ PLEAS ON MARCH 17

HC TO HEAR SEZ PLEAS ON MARCH 17 21 Jan 2009, 0023 hrs IST, TNN PANAJI: The high court of Bombay at Goa will be hearing all petitions relating to special economic zones (SEZs) in the state on March 17. When SEZ-related matters came up for hearing on Tuesday, the division bench, comprising justice P B Majmudar and justice N A Britto, directed all the advocates appearing in the pet..

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