ArcelorMittal won approval from India’s top 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.

Chief Justice of India (CJI) Ranjan Gogoi is set to formally retire from his post on November 17, but today, i.e. November 15 is his last working day at the Supreme Court, marking which the Supreme Court Bar Association will organise a farewell ceremony this evening.

CJI Gogoi sat with Chief Justice designate Sharad Arvind Bobde in Court 1, according to tradition, and issued notices in all the 10 cases listed in the Court today for today. He also thanked all the lawyers who addressed him in his honour.

A key litigant from the Muslim side in the highly-sensitive Ayodhya Ram Janmabhoomi-Babri Masjid title dispute case — the Jamiat Ulama-e-Hind (JuH) — has decided to not accept the alternate five-acre-land mandated by the Supreme Court to build a mosque, adding that no 'alternative' to a mosque in Ayodhya, be it money or land, is acceptable. They also added that a five-member fact-finding committee, representing the JuH, will seek legal opinion on the matter, and will even consider going for a review of the SC verdict.

A seven-member Inter-Ministerial Central Team is in Odisha to assess the damage caused by cyclone Bulbul. The team will visit Bhadrak, Jagatsinghpur, Kendrapara and Balasore districts to evaluate the extent of damage and submit a report to the Centre, officials said. Soon after arriving here on Thursday, the team led by Saheli Ghosh Roy, Joint Secretary (CIC), Ministry of Home Affairs, visited some of the affected areas at Chandbali in Bhadrak district.

A day after a meeting of Nationalist Congress Party (NCP) and Congress to discuss a Common Minimum Programme (CMP) for a coalition government with the Shiv Sena, the three parties got together on Thursday for the same.

The leaders of the three parties have finalised the draft of CMP for a coalition government in Maharashtra after several rounds consultations over the last two days and the same will be submitted to their respective party presidents.

Union Minister Nitin Gadkari on Thursday, while asked to comment on the ongoing political crisis in Maharashtra, made an interesting analogy between politics and the game of cricket, highlighting the fact that in both, a scenario can be unpredictable and the future can change in ways that were not foreseen earlier.

Anything can happen in cricket and politics. Sometimes you feel you are losing the match, but the result is exactly the opposite, Nitin Gadkari was quoted as saying by news agency ANI on Thursday.

Amazon has challenged the awarding of a USD 10 billion Pentagon cloud computing contract to Microsoft, alleging unmistakable bias in the process.

The 10-year contract for the Joint Enterprise Defense Infrastructure program, better known as JEDI, ultimately will see all military branches sharing information in a system boosted by artificial intelligence.

The Narendra Modi government on Thursday indicated it may not need to bring a legislation to set up a trust to oversee construction of the Ram Temple in Ayodhya, even as seers continued to demand that the existing Ramjanbhoomi Nyas should be entrusted with the task of construction of the proposed temple.

According to a top government official, the Supreme Court's order last Saturday stated that Section 6 of the Acquisition of Certain Area at the Ayodhya Act 1993 empowers the central government to set up a trust or an authority to whom the land would be handed over.

The record losses posted by Bharti Airtel and Vodafone Idea and the resulting erosion in their net worth have led to an immediate rise in the leverage ratio of these two operators. While Vodafone Idea has taken the maximum hit, Bharti Airtel has escaped with a minor deterioration in its balance sheet ratios.

Vodafone Idea’s net debt to equity ratio has jumped to a record level of 4.5x at the end of September this year, as against 1.24x at the end of June and 1.8x at March-end.

Following the Supreme Court guideline to incentivise farmers for stopping the burning of paddy crop stubble to check air pollution, the governments of Punjab and Haryana have announced a bonus of Rs 2,500 an acre for small and marginal farmers who are yet to start such activity.

Farmer groups say the incentives could have prevented farmers from burning stubble if it had come on time. More, they want the incentive to be a permanent feature.

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