E-PaperGovernment Takeover News
Holding firms come under govt scrutiny after IL&FS crisis
The government will examine whether a holding company with presence in key sectors can remain unlisted
2 min read22 Oct 2018Govt seeks 3-month respite from legal cases against IL&FS
The government argues in NCLT that when it is working on the revival of IL&FS, having 70-80 cases against the group in multiple jurisdictions across the nation will derail the resolution process
2 min read13 Oct 2018IL&FS takeover done, government focus now on financials
The government has superseded the IL&FS board and appointed six new directorsincluding Uday Kotak and ICICI Bank's G.C. Chaturvedito restore confidence in the financial markets
3 min read1 Oct 2018Supreme Court says NCLT should have taken its leave in Unitech case
Supreme Court expressed displeasure over the manner in which the government had approached the NCLT in the case of Unitech and the tribunal's order
2 min read13 Dec 2017SC to hear Unitech case against NCLT order for govt takeover today
Supreme Court says more concerned with home buyers and not government takeover of Unitech, posts hearing in the matter to today
2 min read12 Dec 2017Unitech shares jump 20% as NCLT allows government to appoint 10 nominees
Unitech shares surge as much as 20% in morning trade after NCLT authorises the government to appoint its 10 nominees on the board of the realty firm
1 min read11 Dec 2017Unitech: The fall of a real estate giant
Unitech's promoters are in jail, it has exited telecom, its projects have mostly stalled and it is battling disgruntled homebuyers and investors. And now the govt has taken control
4 min read12 Dec 2017Govt moves to take over Unitech as NCLT dismisses company board
NCLT has directed the ministry of corporate affairs to nominate 10 directors to the board of Unitech, accused of fund diversion worth over Rs7,800 crore
3 min read9 Dec 2017Popular Topics
Budget
The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared