A SpiceJet flight to Mumbai was delayed for 15 hours, leaving over 190 passengers stranded at Bengaluru airport. The airline failed to give a proper explanation for the delay, but later confirmed that a technical snag in the aircraft caused the situation. The flight, originally scheduled to take off at 6am, finally departed after...
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One97, operating as Paytm, is reducing postpaid and small-ticket personal loans below Rs 50,000. Instead, the focus will be on bigger ticket personal loans and business loans. The decision comes after recent regulatory guidance and in consultation with lending partners. The shift in focus will result in a drop in monthly loan disbursals, from...
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The Supreme Court has ruled that officers who make illegal decisions and those who benefit from them must reimburse the government. In a case where an officer was granted a higher pay scale unlawfully for 24 years, the court ordered the recovery of the excess amount paid. The court found that the officer received...
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The SC ruled that the ‘Group of Companies’ doctrine is applicable to arbitration proceedings in India. The definition of parties under Section 2(1)(h) read with Section 7 of the Arbitration Act includes both signatory and non-signatory parties. The ‘Group of Companies’ doctrine provides that an arbitration agreement entered into by a company within a...
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Late former President Pranab Mukherjee, once a close confidant of Indira Gandhi, believed that Narendra Modi is the only Prime Minister after Indira who can feel the pulse of the people accurately. In her upcoming book, Pranab’s daughter Sharmishtha narrates their conversations, including his desire to be the PM, his view of Rahul Gandhi,...
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Opposition members in Rajya Sabha criticized the government’s portrayal of a rosy economic picture, citing the harsh realities of unemployment and inflation. The government defended its stance, highlighting India’s status as the fastest-growing major economy. Finance Minister Nirmala Sitharaman will address the discussion on the country’s economic situation. The debate centered on the opposition’s...
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