Stocks in news: Paytm, Sula Vineyards, ZEE, Omaxe, SpiceJet
Zee Entertainment has alleged that Star India has not acted in accordance with the agreement between them over the sharing of the TV broadcast rights of ICC cricket matches and has sought a refund of Rs 68.54 crore from the Walt Disney-owned firm. Key Points
Economic TimesKejriwal's direct address to court, ED's 'evasive' charge — what happened at Delhi CM's custody hearing
Delhi court extended agency's custody of Kejriwal by 4 days. ASG argued investigating officers need to confront Kejriwal with AAP Goa members whose statements were being recorded. Key Points
ThePrintSpiceJet's offer to settle unpaid dues not good enough, lessor tells India tribunal
The Ireland-based lessor earlier this month sought to initiate bankruptcy proceedings against SpiceJet over non payment of lease rentals and other dues. The airline owes Aircastle around 500 million rupees ($6 million), a lawyer present at the hearing told Reuters. Key Points
Economic TimesGo First asks tribunal to urgently pass order on insolvency plea
Go First on Monday asked the country's company law tribunal to urgently pass an order on its insolvency plea, citing lessors' efforts to take back planes. Another plea is that the DGCA, Airports Authority of India (AAI), and private airport operators should not cancel any departure and parking slots allotted to the company. However, aircraft lessors opposed the airline's request, saying that insolvency proceedings cannot be initiated without hearing them. Key Points
Economic TimesCalls issuing death threats, Kamlesh Tiwari aide seeks ‘category-level’ security
The court of Justice Samir Dave sought the Centre’s response. The matter will be taken up on May 5 next. Key Points
The Indian Express
Cambodia’s pioneering post-Khmer Rouge era Phnom Penh Post newspaper will stop print publication
The newspaper was founded in 1992 as Cambodia sought to re-establish stability and democracy after decades of war and unrest.. The Phnom Penh Post, a... Key Points
The Tribune IndiaCongress leaders have abused me more than 90 times: PM Modi
The PM addressed party rallies at Humnabad in Bidar district, Vijayapura and Kudachi in Belagavi district, and at each of these places sought to connect with voters by praising local traditions and heroes. At Bidar and Vijayapura districts, he described the first as the karma bhumi and the second as Janma Bhumi '' of Basavanna. Key Points
Economic TimesRemarks on RSS: Court dismisses Javed Akhtar’s revision petition
Javed Akhtar had challenged the summons stating that proper procedure was not followed. He had also said in the revision plea that the complainant had no locus standi and had not placed any authorisation letter on record to show that he was empowered by the RSS to file the defamation complaint. Key Points
The Indian ExpressBharatPe gets fresh notice from MCA
BharatPe confirmed receipt of the notice and in a reply to ETs questions, said it is related to an inquiry that started in 2022. The Registrar or Companies, an arm of the ministry, has sought additional information in a letter to the company, a spokesperson said. Key Points
Economic TimesFrench parties rush to build anti-far right front
France’s political parties sought to build a united front aimed at blocking the path to government of Marine Le Pen’s far-right National Rally... Key Points
The Tribune India
Exporters seek separate division for non-trade issues, faster customs clearance
Exporters requested the establishment of a distinct division within the Commerce and Industry Ministry to address non-trade barriers, particularly those related to environment and sustainability. During their discussion with Union Minister Piyush Goyal, they also highlighted concerns about Chinese goods entering India via the ASEAN free trade agreement. Key Points
Economic TimesAt WTO, Australia seeks details on India's fisheries plan
Australia has requested details from India regarding its fisheries programs, including policy objectives, budget expenditures, and coverage, during a meeting at the World Trade Organization (WTO). Australia also inquired about performance requirements and whether the Pradhan Mantri Matsya Sampada Yojana (PMMSY) includes objectives related to harnessing tuna resources in India's exclusive economic zone (EEZ) and the high seas. Additionally, Australia sought information on India's program for converting trawlers into deep-sea fishing vessels, including funding details and whether it is ongoing under the PMMSY. Key Points
Economic TimesIndia reaches out to multilateral development banks to draw road map for becoming developed nation by 204
The finance ministry held a meeting with multilateral lenders on March 7 and sought their inputs on what it termed a budget-plus and finance-plus strategy, which would essentially cover the entire spectrum of project execution and go beyond just planning and financing, people aware of the details told ET. The ministry has reached out to various multilateral bodies to help mobilise other development finance institutions (DFIs) and investors, they said. Key Points
Economic TimesIndia mulls quota-based duty cuts on gold imports to Switzerland under EFTA
Switzerland had sought duty concessions on inbound shipments of gold, which accounts for about 80% of Indias total imports from Switzerland. Quota based concessions to Switzerland are crucial as India has already extended 1% duty concession to gold importers under tariff rate quota in its trade pact with the UAE. Key Points
Economic TimesIncorrect or premature conclusion of Adani probe will not serve justice, SEBI tells SC
SEBI, on 29 April 29, had sought 6 months to complete its probe, rather than 2 months. However, the Supreme Court said on Friday it was inclined to give a three-month extension. Key Points
ThePrint
Incorrect or premature conclusion of Adani probe will not serve justice, SEBI tells SC
SEBI, on 29 April 29, had sought 6 months to complete its probe, rather than 2 months. However, the Supreme Court said on Friday it was inclined to give a three-month extension. Key Points
ThePrintEC issues notices to Priyanka, Kejriwal for remarks on PM Modi
In its notice to Kejriwal, Narendra N. Butolia, senior principal secretary at EC, sought an explanation over two posts against the PM Modi on X made by AAP. | Latest News India Key Points
Hindustan TimesSC seeks govt reply on Tamil Nadu plea accusing Governor of delaying bills
The Supreme Court has sought a response from the Indian government on a petition filed by the Tamil Nadu government against delays by the governor in processing bills. The court has called the issues raised a "matter of serious concern." | Latest News India Key Points
Hindustan TimesRaymond, Godrej FMCG deal under DGGI's scanner
The DGGI is also understood to have sought an explanation from GCPL on the matter. The sources cited added that DGGI's Mumbai unit also conducted an inspection on premises linked to Raymond as part of its investigation. Section 67 of the CGST empowers an official to conduct an inspection if he has reason to believe that a person concerned has suppressed information to evade tax. Key Points
Economic TimesIndustry seeks 15 per cent concessional tax rate extension, set-off of losses
Industry bodies in India have submitted their wish list for the interim budget for 2024-25. They are requesting an extension of the concessional tax rate of 15% for domestic infrastructure companies and non-corporate taxpayers, exemption from withholding tax on payment of interests on overseas bonds with a maturity period of more than five years, and the ability to carry forward and set-off business losses for the services sector. Key Points
Economic Times
Palestinians in Gaza running out of places to hide from Israeli troops
Amid escalating violence in Gaza, Israel called for the evacuation of residents in the northern part of the enclave. The UN-run schools, which were already housing over 270,000 Palestinians seeking shelter, became even more crowded as people sought safety. The Israeli military warned residents to relocate to the south, but the UN deemed the task impossible. Key Points
Economic TimesJaish-e-Mohammed (JeM) terrorist Shahid Latif, involved in Pathankot attack, killed in Pakistan
Shahid Latif and 24 other terrorists were released by India in 2010 as part of the UPA government's efforts to mend relations with Pakistan. Latif's release had previously been sought by the same Jaish terrorists who had hijacked Indian Airlines flight IC-814. Key Points
Economic TimesIncorrect or premature conclusion of Adani probe will not serve justice, SEBI tells SC
SEBI, on 29 April 29, had sought 6 months to complete its probe, rather than 2 months. However, the Supreme Court said on Friday it was inclined to give a three-month extension. Key Points
ThePrintPost Supreme Court ruling, banks turn wary of declaring accounts as 'wilful default'
Indian banks have refrained from declaring overdue loan accounts as fraud as the Supreme Courts decisions make it obligatory for lenders to provide borrowers an opportunity to represent themselves before naming accounts as fraud. The lenders have made provisions instead of declaring accounts as wilful defaults. The RBI has sought comments from banks on legal and operational issues on the common detection mechanism of wilful defaulters. Key Points
Economic TimesPunjab Minister Dhaliwal seeks Centre's intervention as 700 students face deportation from Canada
Punjab NRI Affairs Minister Kuldip Singh Dhaliwal has sought the intervention of External Affairs Minister (EAM) S Jaishankar, as 700 Indian students are facing deportation from Canada. Dhaliwal has also sought time to meet EAM Jaishankar over the issue. Key Points
India Today
Transactions between 2 govt firms exempt from prior nod requirements by audit committee for RPTs, says Seb
The Securities and Exchange Board of India (Sebi) has clarified that transactions between two state-run companies do not need prior approval from the audit committee and shareholders for related-party transactions. The clarification followed after NTPC sought guidance about related party transactions under the Listing Obligations and Disclosure Requirements (LODR) rules. NTPC asked if the audit committee must approve transactions between it and PTC India and Energy Efficiency Services, where government of India nominee directors are appointed. Sebi said government nominees are on the boards of PTC and EESL, but neither are government companies, so the RPT exemptions do not apply. Key Points
Economic TimesSC to hear plea against promotion of judge who convicted Rahul Gandhi, 67 others
On April 28, the Supreme Court had expressed its dissatisfaction with the HC for issuing a notification on April 18 on the transfer of the judges on a sub judice matter. According to the notification, Varma is being transferred as an additional district judge to the Rajkot district court. Key Points
The Indian ExpressManappuram Finance shares plunge 12%
“The ED is conducting a search at our registered office. We are extending full cooperation to the department, including providing complete information sought by them,” the company said in an exchange filing. Key Points
FinancialexpressHC seeks response from testing agency on 75% eligibility criterion for JEE-Mains
“Earlier the criterion was scoring 50%, why is it 75% now? Please take instructions on when this new cut-off was imposed. File your affidavit," the bench told the NTA lawyer. Key Points
The Indian Express