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INDIA BUSINESS WORLD - DECEMBER 16th - DECEMBER 31st - 2007

The Month that was ...

News & important developments from the most prospective of the New World markets... India. Our effort is to provide you with the latest and relevant developments that take place in the Indian business, economic and legal environment.

ECONOMIC & LEGAL NEWS


CHARGESHEET FILED AGAINST KETAN PAREKH:Almost six years after the Central Bureau of Investigation registered a case against stock broker Ketan Parekh, the investigating agency filed three chargesheets against stock broker Ketan Parekh,... More....

RESERVATION FOR SIKH STUDENTS IN SGPC RUN COLLEGES QUASHED: The Punjab and Haryana High Court has quashed the Punjab government notifications of April 13, 2001 and April 1, 2006 whereby the educational institutions run by the Shiromani Gurdwara Parbandhak Committee...More....

MCD WANTS COURTS TO REFRAIN FROM GIVING DEMOLITION ORDERS:Muncipal Corporation of Delhi (MCD) has contested the orders passed by the Delhi High Court for demolition of buildings is "unconstitutional" as the court sought to perform executive or legislative functions." In its application filed before... More....

CALCUTTA HIGH COURT DIRECTS CBI TO FILE REPORT ON RIZWANUR DEATH BY JAN 7:The Calcutta High Court has granted the CBI time till January 7 to submit the report on computer graphics teacher Rizwanur Rahman's death... More....

CNN-IBN CLAIM ANOTHER WITNESS TO TYTLER INVOLVEMENT IN '84 RIOTS:Close on the heels of a local court ordering re-investigation into the 1984 anti-Sikh riots case involving former Union Minister Jagdish Tytler, a CNN-IBN investigation claims to have revealed... More....

LAW COMMISSION SUBMITS NORMS ON GRANT OF ANTICIPATORY BAIL:Mere rejection of an anticipatory bail application is no ground to direct the applicants immediate arrest just as nothing bars arrest if there are reasonable grounds for it, the Law Commission... More....

SUPREME COURT ISSUES NOTICE TO PFIZER ON CUSTOMS DEPARTMENT'S PLEA:The Supreme Court has sought a reply from drug firm Pfizer on a petition filed by the Customs department contending that it must pay 18% additional duty on a chemical product imported... More....

ALLAHABAD HIGH COURT TELLS UP GOVT TO REWORK CANE SAP, GIVES RELIEF TO SUGAR MILLS:In a major shot in the arm to the beleaguered sugar industry in the state, the Allahabad High Court, according to unconfirmed reports, has ordered the UP government to scrap the state advisory price (SAP) fixed by it for purchase of sugarcane. The high court has asked the government... More....

AUSSIE COURT RESTORES HANEEF'S WORK VISA:It was a double celebration for Mohammad Haneef, the Indian doctor based in Brisbane who was wrongly accused of abetting the failed bombings at Glasgow airport in UK, as the Australian Federal Court reinstated his work... More....

SUPREME COURT DIRECTS ESTATE OFFICER TO DECIDE ON NUSLI WADIA'S EVICTION:The Supreme Court has asked the estate officer to decide the case related to the eviction of Bombay Dyeing chief Nusli Wadia from an apartment in Mumbai's posh Mayfair Gardens as expeditiously as possible in accordance with the principles... More....

SEBI MOVES SUPREME COURT ON BAJAJ RULING:The Securities & Exchange Board of India (Sebi) has moved the Supreme Court challenging the Special Appellate Tribunal ruling which set aside its order debarring Harinarayan Bajaj and Rahul H Bajaj from dealing in the capital market... More....

INCREASED RESERVATION FOR WOMEN IN IT:The 1st Meeting of the newly reconstituted National Council for Vocational Training (NCVT) was held under the chairpersonship of the Minister of Labour & Employment Shri Oscar... More....

DELHI HIGH COURT DEFERS ARGUMENTS IN BMW STING OPERATION CASE:The Delhi High Court has deferred the arguments in the case in which two senior lawyers were caught on camera by a TV channel while they were influencing a key witness in the infamous BMW... More....

THREAT TO MONUMENTS: DELHI HIGH COURT REFUSES TO STAY METRO WORK:The Delhi High Court has declined to pass any order on a petition seeking a stay on the Metro's south Delhi corridor project on the ground that it posed a threat... More....

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