NATIONAL HEADLINES
S-400 Missile-Days after meeting Prime Minister Narendra Modi on the sidelines of BRICS Summit in Brazil, Russian President Vladimir Putin Friday said that everything is going according to the plan when it comes to the delivery of S-400 missiles to India, PTI reported. Putin was speaking to reporters after the conclusion of the five-nation summit.
Ranbaxy: The Supreme Court today held former Ranbaxy promoters Malvinder Singh and Shivinder Singh guilty of contempt of court for violating its order asking them not to divest their shares in Fortis Healthcare Limited. The SC had earlier asked the Singh brothers to give it a plan as to how they would honour the arbitral award of Rs 3,500 crore granted by a Singapore tribunal against them and in favour of Japanese drug manufacturer Daiichi Sankyo. A bench comprising Chief Justice Ranjan Gogoi and Justice Deepak Gupta today said that they had violated its earlier order by which the sale of their controlling stakes in Fortis Group to Malaysian firm IHH Healthcare was put on hold.
INX Media: The Delhi High Court today denied bail to former finance minister P Chidambaram in the INX Media money laundering case. Justice Suresh Kait had reserved the order on November 8 on the bail petition after hearing the arguments of counsel for Chidambaram and the Enforcement Directorate (ED).
The Personal Data Protection Bill: A bill that includes how corporates handle personal data and lists penalties for misuse has been listed to be tabled in Parliament winter session beginning on 18th November, according to a notification on the Lok Sabha website. The Personal Data Protection Bill’s proposals are based on the Justice B N Srikrishna committee report submitted in July 2018. The draft bill has since gone through at least two updations based on inputs received from the industry.
Delhi: The Supreme Court today summoned chief secretaries of Punjab, Haryana, Uttar Pradesh and Delhi to know about steps taken by them to reduce air pollution in Delhi-NCR. A bench of justices Arun Mishra and Deepak Gupta said effective steps must be taken and 13 pollution hotspots in Delhi should be cleared of pollutants. The court questioned the Delhi government over granting exemptions, including to 2-and-3 wheelers, during its odd-even scheme and said that pollution level in Delhi is increasing in spite of the vehicle rotation scheme being in force.
Amnesty International: The Central Bureau of Investigation (CBI) Friday raided the offices of Amnesty International India in Bengaluru and New Delhi. The investigative agency has alleged that the Human rights group violated the Foreign Contribution (Regulation) Act (FCRA) norms. CBI said that it had registered a case on November 5 based on a complaint received from the Ministry of Home Affairs against M/s Amnesty International India Pvt Ltd (AIIPL), M/s Indians For Amnesty International Trust (IAIT), M/s Amnesty International India Foundation Trust (AIIFT), M/s Amnesty International South Asia Foundation (AISAF) and unknown others.
Young India: The Income Tax Appellate Tribunal (ITAT) today rejected the Gandhi family’s plea by revealing that ‘Young Indian’ is not a charitable trust. The alleged amount of unpaid tax is close to Rs 154.96 Crores.
- Delhi Lawyers in all the six district courts in Delhi called off their strike Friday, two days after the Bar Council of India directed the protesting lawyers to resume work.
ECONOMY HEADLINES
Vodafone: A day after posting the worst quarterly loss in India’s corporate history, telecom operator Vodafone Idea’s chief executive officer Ravinder Takkar said the Supreme Court judgment on Adjusted Gross Revenue (AGR) would have significant implications on the telecom industry and that the company was in the process of filing a review petition. He also added that the government was aware of the tremendous stress faced by operators and was determined to see three private players and one public player in the telecom sector.
ArcelorMittal : ArcelorMittal won approval from the Supreme Court to complete its $5.8 billion purchase of a bankrupt steel mill, clearing the way for tycoon Lakshmi Mittal to enter the world’s second-biggest market. The Supreme Court allowed Arcelor to make the payment for Essar Steel India Ltd. and set aside a bankruptcy appellate tribunal’s order that had given secured and unsecured creditors equal right over the sale proceeds. The lenders’ panel of a bankrupt company has discretion in the distribution of funds in insolvencies, a three-judge bench headed by Justice Rohinton F Nariman said today.
Reliance Jio: Reliance Jio today said that delaying the implementation of zero call connects charges beyond January 2020 will hurt the affordability of telecom services in a sector where users have benefited from free voice calls. Reliance Jio Director Mahendra Nahata said that the ratio of incoming and outgoing call is now at par with each other and traffic asymmetry can, therefore, no longer be the reason to delay implementation of Bill and Keep (BAK) regime
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INTERNATIONAL HEADLINES
North Korea : North Korea’s state media on Friday stepped up a personal attack on former US Vice President Joe Biden for slandering its leader, calling the Democratic presidential candidate “a rabid dog” that needed to be put down.
Pakistan: The Lahore High Court (LHC) on Friday admitted for hearing a petition challenging the government’s condition of furnishing indemnity bonds in order to secure the removal of ailing former prime minister Nawaz Sharif’s name from the Exit Control List (ECL).
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