Ghose said the situation, based on which the court had initiated the suo motu proceedings, was a result of unavoidable circumstances like reduced capacity of Nigambodh Ghat to handle bodies on account of snags in furnaces, workers at crematorium refusing to handle COVID-19 deceased, sudden spike in coronavirus cases and related deaths in Delhi and relatives refusing to come forward to claim bodies. … [Read more...] about Taking urgent steps for cremation of COVID-19 deceased, Delhi govt tells HC
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The very purpose of bringing in IBC was a time-bound resolution of bad assets. Given the blanket ban, banks do not have any option for recovery if these loans go bad. “A binding framework of resolution outside of IBC has found very little success in the Indian market. Suspending IBC in entirety, while it looks like a relief to corporates, could actually lead to the corporates being in a state of flux, as all creditors coming together without the sword of IBC on them, has never really won the popularity vote,” said Veena Sivaramakrishnan, Partner, Shardul Amarchand Mangaldas & Co. … [Read more...] about What does the IBC data tell us about the state of Indian economy?
The source of this data breach is yet to be traced, but cybersecurity intelligence firm Cyble believes it could be from one of the job search aggregator websites. The report further states that all the leaked data was posted in a 2.3 GB zipped file on a hacking forum by a threat actor and is available for free. … [Read more...] about Personal data of 2.9 crore Indian job seekers leaked on dark web: Report
HDFC Securities upgraded Maruti Suzuki to a buy with a target of Rs 5,810 as it believes that the OEM is expected to gain market share in the current downturn, given its dominant position in the entry level/compact car segment, where the company has a market share of 65 percent (versus 51 percent overall). … [Read more...] about Brokerages upgrade these 15 stocks to buy, expect 11-75% returns in a year
A group of Yelp shareholders is filing a class action lawsuit on behalf of investors who purchased shares between February 10, 2017, and May 9, 2017. According to the claim, Yelp misled investors about its financial results when it reported them in February of last year. … [Read more...] about Yelp Lawsuit Claims CEO Jeremy Stoppelman Made Millions On Artificially Inflated Stock