In the case of Cyrus Mistry, Tata Sons has challenged the National Company Law Appellate Tribunal (NCLAT) decision in the Supreme Court. The board meeting of Tata Consultancy Services (TCS), the flagship company of the Tata group, is scheduled to take place on 9 January. In such a situation, when the Supreme Court opens on 6 January, Tata Sons' lawyers can demand an immediate hearing. On December 18, the NCLAT ordered Mistry to appoint him again as chairman of Tata Sons. Tata Sons had 4 weeks to appeal.
K Sivan, the ISRO chairman stated a lot of design work has been completed for GaganYaan and several tests will be conducted n 2020. He also mentioned that the four astronauts have been selected and will begin their training for the third week of January in Russia.
Jan 1, the first day of the new year will see a rise in the price of railway tickets. The fare hike will apply only to various categories of the services provided by Indian railways excluding the suburban train services of the national transporter.
The Prevention of Money Laundering Act (PMLA) court allowed the banks to use the confiscated assets of Vijay Mallya (63). The news agency quoted the sources of Enforcement Directorate (ED) on Wednesday. However, this order will remain postponed till January 18. Meanwhile, Mallya or other related parties can appeal in the Bombay High Court.
