LIVE Updates: Hinduja family's truce uncertain, London court hears

A ruling published in November said the Hindujas' lawyers had told a judge in June that they would end all disputes existing between them in all jurisdictions, including a lawsuit at London's High Court over the Hinduja family's assets.

Livemint
Updated24 Apr 2023, 09:29:39 PM IST
INDUSTRIALISTS ASHOK (L) AND SRICHAND HINDUJA 21PUBFEB2006 HTCITY
INDUSTRIALISTS ASHOK (L) AND SRICHAND HINDUJA 21PUBFEB2006 HTCITY

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24 Apr 2023, 09:29:25 PM IST

Hinduja family's truce uncertain, London court hears

India's billionaire Hinduja family's apparent truce over the future of its global business empire is at risk, a lawyer representing patriarch Srichand Hinduja told a London court on Monday.

The lawyer said there were lawsuits and "threatened lawsuits" between members of the family, raising the prospect the Hinduja family, whose business spans sectors including banking, chemicals and healthcare, faces further litigation.

A ruling published in November said the Hindujas' lawyers had told a judge in June that they would end "all disputes existing between them in all jurisdictions", including a lawsuit at London's High Court over the Hinduja family's assets.

The wider dispute had come to light in separate proceedings centred on the health of 87-year-old Srichand, who suffers from dementia.

His younger brother Gopichand, 83, had challenged the legitimacy of a lasting power of attorney granted to Srichand's daughters, Vinoo and Shanu.

24 Apr 2023, 09:11:01 PM IST

Air India pilot unions say will go to 'any extent' if any member is terminated

Indicating that they are ready for a showdown with the Tata Group-owned Air India management over its "unilateral" decision to revise the salary structure and service conditions, the two pilot unions at the airline warned the management of going to "any extent" to protect their members.

On April 17, Air India rolled out a revamped compensation structure for its pilots and cabin crew, which has since been rejected by the two unions -- Indian Commercial Pilots Association (ICPA) and Indian Pilots Guild (IPG).

"It has been resolved by the IPG and ICPA that if any member/s of our union/s is/are terminated by the management for not signing the revised terms and conditions, the ICPA and IPG have pledged in unison to go to any extent to protect member/s till they are reinstated," a joint ICPA-IPG resolution stated.

24 Apr 2023, 08:04:17 PM IST

Coca-Cola expands availability to over 3 lakh stores in India in Q1

Soft drinks major Coca-Cola on Monday said it has increased availability to over 3 lakh stores in India in the first quarter, driving approximately 3 billion transactions at affordable price points.

Ahead of the summer season, the company also added 40,000 coolers, The Coca-Cola Company said in its global earnings statement.

"During the first quarter, the company and its bottling partners increased availability by more than 3,00,000 stores and approximately 40,000 coolers ahead of the summer season and drove approximately 3 billion transactions at affordable price points through single-serve packages and at-home entry packs," it said.

India is the fifth-largest market for Coca-Cola globally.

24 Apr 2023, 07:25:40 PM IST

Bitcoin could hit $100,000 by end-2024, Standard Chartered says

Top cryptocurrency bitcoin could reach $100,000 by the end of 2024, Standard Chartered said on Monday, saying that the so-called "crypto winter" is over.

Bitcoin could gain from factors including recent turmoil in the banking sector, a stabilisation of risk assets as the U.S. Federal Reserve ends its interest rate-hiking cycle and improved profitability of crypto mining, Standard Chartered's head of digital assets research Geoff Kendrick said in a note.

24 Apr 2023, 06:41:25 PM IST

Tarek Fatah dies at 73

Pakistani columnist Tarek Fatah has died aged 73 in Canada after battling cancer. His daughter, Natasha Fatah, confirmed the news on Twitter, describing him as a "Lion of Punjab" and a "fighter for justice".

24 Apr 2023, 06:40:35 PM IST

NIA attaches property of Hizbul chief Syed Salahuddin's son in J-K

The National Investigation Agency (NIA) on Monday attached the property of Hizbul Mujahideen chief Syed Salahuddin's son Syed Ahmad Shakeel in Jammu and Kashmir's Srinagar.

The property was located at Revenue Estate, Nursing Garh, Mohalla Ram Bagh area in Srinagar. It was under the ownership of Syed Ahmad Shakeel, a listed militant under the Unlawful Activities (Prevention) Act, of 1967.

The NIA attached the property under subsection 33 (1) of the Unlawful Activities Prevention Act, 1967 following the order of a Special NIA Court, in New Delhi.

24 Apr 2023, 05:31:57 PM IST

Operation Kaveri launched to evacuate Indians from Sudan

External Affairs Minister S Jaishankar on Monday announced the launching of Operation Kaveri, dedicated to evacuate Indian nationals from war-torn Sudan.

“Operation Kaveri is underway to bring back our citizens stranded in Sudan. About 500 Indians have reached Port Sudan while more are on their way. Our ships and aircraft are set to bring them back home. We are committed to assisting all our brethren in Sudan” Jaishankar addressed a press conference on Monday.

"Our ships and aircraft are set to bring them back home. Committed to assist all our brethren in Sudan," he said.

24 Apr 2023, 05:28:10 PM IST

Five Indians evacuated from Sudan through French Air Force flight

Five Indian nationals evacuated from Sudan through French Air Force flight and were brought to France's military base in Djibouti along with people of over 28 other nationalities, French Diplomatic Sources

24 Apr 2023, 04:56:23 PM IST

JP Nadda holds a roadshow in Chikkaballapur district

24 Apr 2023, 03:58:06 PM IST

Home Minister Amit Shah holds roadshow in Hassan district

24 Apr 2023, 03:35:38 PM IST

'GST has been implemented only to help rich': Rahul Gandhi

“GST has been implemented only to help the rich in the country - five different taxes. It's a very complicated tax structure. Half of the people can't even understand when and how they have to file it. The big businesses have accountants, while the small businesses don't. So, small businesses shut down. When our Govt comes to Delhi, we will change this GST. There will be one tax and minimum tax,” Congress leader Rahul Gandhi said.

24 Apr 2023, 02:26:17 PM IST

Bihar's Nitish Kumar, Tejashwi Yadav hold meeting with Mamata Banerjee in Kolkata

The three leaders will be holding a closed-door meeting to strategise on fighting the BJP in the 2024 Lok Sabha elections. Banerjee held similar meetings with Samajwadi Party chief Akhilesh Yadav, Odisha Chief Minister Naveen Patnaik and former Karnataka chief minister and Janata Dal (Secular) leader H.D. Kumaraswamy last month.

24 Apr 2023, 02:23:16 PM IST

Indian Olympic Association to form committee for WFI elections

24 Apr 2023, 02:17:34 PM IST

Patna HC grants relief to Congress leader Rahul Gandhi in Modi surname case

The Patna HC stayed the order of the lower court till May 15 in the 'Modi surname' case

“The lower court of Patna had asked him to appear in court on April 12 and present his case. Against that order of the lower court, Rahul Gandhi filed a petition to quash the order in High Court. The court has asked me to keep my argument on this matter,” said advocate SD Sanjay who is BJP leader Sushil Kumar Modi’s counsel

24 Apr 2023, 01:55:15 PM IST

Govt opened bank accounts of over 40 cr villagers: PM Modi

"We opened bank accounts of over 40 crore people in villages under Jan Dhan scheme," PM Modi said. 

24 Apr 2023, 01:43:07 PM IST

BJP leaders Amit Shah, J P Nadda to hold roadshows in southern Karnataka

In BJP's latest round of electioneering in poll-bound Karnataka, Union Home Minister Amit Shah and party president J P Nadda will take part in separate roadshows in the southern part of the state on Monday.

Shah arrived in Bengaluru on Sunday night. According to the itinerary shared by the BJP, Shah will fly to Mysuru to pay his obeisance at the renowned Chamundeshwari Temple.

24 Apr 2023, 01:27:32 PM IST

Delhi CM holds meeting with Labor dept today

Delhi CM Arvind Kejriwal holds meeting with Labour dept, directs officials to arrange houses and hostels for laborers, the chief minister's office said in an official statement. 

24 Apr 2023, 01:16:53 PM IST

Wrestlers protest: Delhi Police starts probe, seeks report from committee

Delhi Police on Monday sought a report from the investigation committee set up by the Union Sports Ministry to investigate the allegations against Wrestling Federation of India (WFI) chief Brij Bhushan Sharan Singh and has begun a probe into the fresh complaint by wrestlers, a senior officer said on Monday.

24 Apr 2023, 01:06:17 PM IST

Govt is working to strengthen Panchayati Raj system in India: PM Modi

“Our government is constantly working to strengthen the Panchayati Raj system in the country,” said PM Modi in Madhya Pradesh's Rewa after laying the foundation stone for railway projects. 

24 Apr 2023, 12:55:18 PM IST

PM Narendra Modi lays foundation stone for railway projects in MP

PM Narendra Modi laid foundation stone for railway projects in Madhya Pradesh.

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