The petition also contended that the tribunal erroneously said it did not have the powers to alter the Articles of Association even though it had correctly recorded that the relationship between the Tatas and the Mistry family was in the nature of a "quasi-partnership". … [Read more...] about SC issues notice to Tata Sons on cross-appeal of Mistry group firm against NCLAT order
Supreme court petition
The Supreme Court will hear on June 2 a plea which has sought a direction to the Centre to amend the Constitution and replace the word India with 'Bharat' or 'Hindustan', claiming it will "instill a sense of pride in our own nationality." The plea has sought a direction to the government to take appropriate steps to bring amendment in Article 1 of the Constitution, which deals with name and territory of the Union, to the effect that "the same refers to the country as Bharat/Hindustan, to the exclusion of India". … [Read more...] about SC to hear on June 2 plea seeking replacement of word India with ‘Bharat’
As an investor in early-stage technology startups, I’m excited by the possibility of seeing something new. We’re often reluctant to look seriously at companies in the social networking space because competing with the incumbents seems virtually impossible. But Facebook, YouTube, Twitter, and Snap aren’t going to be able to convert their business models overnight. They’re going to spend a few years fighting this issue in Congress and in the courts. And they’re going to do everything possible to prove that they’re not monopolistic and don’t deserve antitrust scrutiny and regulation, which will limit their willingness to squash innovation. … [Read more...] about Trump vs. Twitter: Is there a silver lining in the Section 230 fight?
It is not as if Sen has said anything new as these views have been shared by quite a few philosophers of the past. Sen himself refers to Kautilya, Aristotle and Adam Smith who raised concerns about financial activity. Given that these concerns were understood by all these philosophers, it is amazing how little the core of finance has changed despite all the talk of innovation and change. In most financial crisis of past, this decline in culture and values is as central as deteriorating balance sheets. But we always ignore the former and work towards the latter only to be surprised in the next financial crisis. … [Read more...] about Opinion | The role of culture and values in financial crises
It is the strength of your blessings that has made the nation take historic decisions and progress rapidly in the last one year. However, I am also aware that there is a lot that needs to be done. There are many challenges and problems that our country faces. I am working day and night. There could be deficiencies in me but there is nothing that our country lacks. So, I believe in you, your strength and your abilities even more than I believe in myself. … [Read more...] about Modi 2.0: PM Narendra Modi pens letter on first anniversary of second term. Read full text