January 6: Top news at 1 pm

Developing news

*The Supreme Court has stayed the transfer of 2G licence from Malaysia's Maxis, which was originally allotted to Aircel, to any other telecom company. The apex court proposed to restrain earning of any revenue by using the 2G spectrum licences originally granted to Aircel, and added that if T Ananthakrishnan and Ralps Marshall of Maxis fail to appear in court on January 27, the 2G license granted to Aircel in 2006 shall cease.

*Samajwadi leader Shivpal Yadav meets Chief Minister Akhilesh Yadav at his residence for a possible patch-up.

Supreme Court refuses urgent hearing on plea to put off Union Budget

The Supreme Court today refused an urgent hearing on a plea seeking postponement of presentation of Union Budget due to assembly elections in five states. "There is no urgency in it. We will lay down the law when this petition comes up," a bench headed by Chief Justice JS Khehar said. Advocate ML Sharma, who filed the PIL on the issue, mentioned it and sought an urgent hearing. The PIL has also sought a direction to strip BJP of its lotus election symbol for alleged violation of the model code of conduct which came into effect after declaration of assembly polls in five states.

SpiceJet aircraft lands under emergency conditions

A Delhi-bound SpiceJet Boeing 737 aircraft from Bengaluru with 176 persons on board landed around 8.45 am under emergency conditions at the Indira Gandhi International Airport here this morning following partial failure of hydraulic system. The aircraft had 176 persons, including crew, on board. "SpiceJet flight SG 136, Bengaluru to Delhi, experienced, during cruise, partial hydraulic failure due loss of hydraulic fluid. The crew carried out the emergency procedure and landed safely at Delhi. The ATC was kept in the loop. It was an uneventful landing. All passengers and crew are safe," the airline said.

Tata Sons calls EGM on February 6 to oust Mistry as Director
After ousting him as Chairman, Tata Sons has called a shareholders' meeting on February 6 to remove Cyrus Mistry as director of the holding company of the USD 103-billion Tata Group. Tata Sons had abruptly removed Mistry as its Chairman on October 24 and sought his ouster from operating companies like Tata Motors and TCS. Mistry subsequently resigned from the board of six companies, but dragged Tata Sons and his interim successor Ratan Tata to the National Company Law Tribunal. After the board meeting of October 24, 2016, Tata Sons had resolved that Mistry shall, notwithstanding his ceasing to be the Chairman, continue as a director of the company.

The resolution, which has been moved for his removal, said: "The board of Tata Sons Ltd is of the view that the integrity of the board proceedings is being jeopardised by Mistry's continuation as a Director and the confidentiality of the board decisions and proceedings cannot be ensured as the documents presented to the board have been leaked and made public in a distorted and untruthful manner."

Woman stabbed near Mahalakshmi Race Course in Mumbai

A 29-year-old woman was stabbed by an unidentified person near Mahalakshmi Race Course in Central Mumbai, police said today. The incident occurred at around 7.30 pm yesterday near the race course and the victim is reported to be out of danger. Nair Hospital authorities informed the police control room about the victim. Senior police officials late last night went to the hospital. The Tardeo police have registered an offence under relevant IPC sections for attempt to murder in connection with the incident. The woman was waiting to meet a friend, who found her sitting under a tree with stab marks on her chest, following which she was taken to hospital. Further investigation into the incident was on, police added.