(LiveMint) Almost eight months after the Aditya Birla Group began negotiations to buy Ohio-based aluminium maker Aleris Corp., a definitive agreement is in sight, two people aware of the development said, adding a deal is likely to be signed in the next few weeks. According to the people cited above, who spoke on condition of anonymity, negotiations had slowed down primarily due to antitrust issues surrounding Aleris. The talks have revived after the managements of Aleris and the Aditya Birla Group, represented by its North America subsidiary Novelis, reached an agreement over the extent of responsibility both sides will bear…
Author: Aruna Sharma
(AU) राष्ट्रपति रामनाथ कोविंद 25 जुलाई का दिन छत्तीसगढ़ के आदिवासियों के साथ बिताएंगे। इसी दिन राष्ट्रपति का पद ग्रहण किए उन्हें एक वर्ष जो पूरा हो जाएगा। इससे पहले सभी राष्ट्रपति हर साल 24 जुलाई को राष्ट्रपति भवन में आयोजित एक समारोह में प्रधानमंत्री, उपराष्ट्रपति और अन्य गणमान्य व्यक्तियों की उपस्थिति में एक किताब का विमोचन करते थे, जिसमें उन भाषणों का संग्रह होता था जो उन्होंने पिछले एक साल के दौरान विभिन्न कार्यक्रमों में दिए हों। यह पुस्तक राष्ट्रपति भवन ही तैयार करता था। लेकिन कोविंद का मानना है कि खुद के भाषणों की पुस्तक का अपनी उपस्थिति…
(LiveMint) In an attempt to shield honest bankers from prosecuting agencies, the Parliament on Tuesday amended the Prevention of Corruption Act, accepting a long-standing demand. Consequently, agencies will have to seek prior nod from appropriate authorities before proceeding to arrest a bank official accused of misdemeanor. The Prevention of Corruption (Amendment) Bill, 2013, amends the archaic Prevention of Corruption Act, 1988. The passage of the bill comes at a time when many current and former bankers have been arrested for extending loans that soured later. The expectation is that with this cover in place, there could be a revival in bank…
(AU) ऐसा मान जा रहा है कि नौ हजार करोड़ रुपये के कथित बैंक धोखाधड़ी मामले के मुख्य आरोपी विजय माल्या ने भारतीय अधिकारियों से स्वदेश लौटने और कानून का सामना करने की इच्छा जताई है। आधिकारिक सूत्रों ने मंगलवार को बताया कि शराब कारोबारी ने भारतीय अधिकारियों से इच्छा जताई कि वह भारत में जारी कानूनी प्रक्रिया में शामिल होना चाहता है और खुद के खिलाफ भगोड़ा आर्थिक अपराधी अध्यादेश के तहत हुई हालिया कार्रवाई का सामना करना चाहता है। बता दें कि हालिया अध्यादेश के तहत भारत सरकार देश और विदेशों में माल्या से जुड़ी सभी संपत्तियों को…
Public Sector Undertakings (PSUs) are no exception and are behaving as miserly as their private peers in the matter CSR default. As far as biggest defaulters among PSUs are concerned, Southeastern Coalfields is at the top with Rs. 78 crore underspent. It is followed by Rural Electrification Corporation (REC) which underspent Rs. 77 crore. In addition to this, BPCL, Central Coalfields, HUDCO, IRFC and Bharat Coking Coal also defaulted in a big way on CSR spendings. Ironically, big Maharatna like Bharat Heavy Electricals Limited (BHEL) too defaulted in CSR spending as the company spent just Rs. 27 crore against Rs.…
(AU) प्रेस की स्वतंत्रता किसी भी लोकतांत्रिक समाज में ‘सभी तरह की स्वतंत्रता की मां’ समान होती है और मीडिया को खुद पर नियंत्रण के लिए अपनी गाइडलाइंस बनानी चाहिए। ये बात भारत के मुख्य न्यायधीश (सीजेआई) दीपक मिश्रा ने मंगलवार को इंटरनेशनल लॉ एसोसिएशन के एक समारोह में अध्यक्ष के तौर पर संबोधन में कही। इस दौरान सुप्रीम कोर्ट के एक अन्य जस्टिस एएम खानविलकर भी मौजूद रहे। ‘मीडिया पर कुछ भी थोपा न जाए, लेकिन वह खुद अपने लिए कुछ प्रतिबंध बनाए’ सीजेआई मिश्रा ने अपने संबोधन के दौरान कहा, अभिव्यक्ति की स्वतंत्रता राष्ट्रीय महत्व के मामलों में…
(BS) Oil India (OIL) has signed a Joint Venture Agreement at Guwahati on 20 July, 2018 in connection with formation of a JV Company for construction of North-East Gas Grid Pipeline in the eight North-Eastern States, viz. Assam, Arunachal Pradesh, Meghalaya, Manipur, Mizoram, Nagaland, Tripura and Sikkim. The proposed JV Company will have equal equity contribution from all the five PSU JV Partners.
One of the biggest confusion, or we can say error of judgment, among companies is the calculation of “Net Profit” as put forward in the Companies Act, 2013 for calculating the prescribed amount of CSR spending. There should not be any confusion as the Act is quite clear regarding this. The Act clearly says that in pursuance of its Corporate Social Responsibility (CSR) Policy, “The Board of every company covered under Section 135, shall ensure that the company spends, in every financial year, at least two per cent (2%) of the average ‘Net Profits’ of the company made during the three immediately preceding…
(Tribune) Chief Minister Jai Ram Thakur said there was need to preserve rich culture and traditions of Himachal Pradesh, which has its own significance. The CM was here at Seraj assembly segment of Mandi district on Monday to participate in Maa Baglamukhi Mela at Bharari.Addressing the people, the CM said, “Fairs and festivals were integrated part of our rich cultural heritage which should be preserved at any cost. These fairs and festivals not only provide wholesome entertainment to the locals but also help in promoting our culture and traditions.”He said that Bharari Mela was one of the traditional fairs of…
(FE) PUBLIC SECTOR banks are expected to close down around 70 of their total 216 foreign branches and other operations by the end of this year in order to cut costs and preserve capital, a senior Finance Ministry official said. State Bank of India, Punjab National Bank, Indian Overseas Bank, IDBI Bank and Bank of India are among the state-owned banks leading the process of scaling down overseas operations. Leaving aside profitable operations — for instance, remittance offices in Gulf countries such as Oman and UAE — those not generating enough revenues are being closed down. “The banks have initiated sale of…