Future Retail, once the crown jewel of Kishore Biyani-led Future Group, is now heading for liquidation as its lenders could not get any reasonable buyer of the debt-ridden firm. As the Committee of Creditors (CoC) rejected the sole resolution plan submitted by Space Mantra after four extensions in the deadline to complete the corporate insolvency resolution process (CIRP), the RP of the company has now approached NCLT to initiate liquidation of Future Retail (FRL). "The resolution plan submitted by Space Mantra Private has not been approved by CoC of FRL, kindly note that, the Resolution Professional (RP) has filed an application, before the National Company Law Tribunal, Mumbai Bench, for initiation of liquidation of FRL," said a regulatory filing from FRL.
'Consider 40% to 50% in equities, 10% in gold as a hedge, and the remaining 30% to 40% split between multi-asset funds and hybrid funds.'
'The voice which came wherever I travelled was that we are proud taxpayers. We are honest taxpayers. We want to continue to serve the country by being good taxpayers.' 'But what do you think about the kind of things you can do for us?'
'Maybe he got some indication from the team management that he is no longer in the scheme of things.'
'The moment the balls were in the middle and off stump, that is where most of his dismissals are and that is where he will have to work a bit more.'
Elon Musk, who has previously vowed to "go to war" to defend the H-1B visa program, has reignited debate surrounding the program by labeling it "broken" and in urgent need of "major reform." Musk, along with Indian-American tech entrepreneur Vivek Ramaswamy, has been tapped by Trump to lead his Department of Government Efficiency (DOGE). While Musk acknowledges the need for foreign workers in the tech industry, he believes the current H-1B system needs significant changes, including raising the minimum salary and adding a yearly cost for maintaining the visa. The H-1B visa, which allows US companies to employ foreign workers in specialty occupations, has been a subject of debate for years. The tech industry advocates for more H-1B visas to attract highly skilled workers, while some argue that it allows businesses to replace Americans with lower-paid foreign workers.
Honda Cars India (HCIL) net profit dropped by 52.8 per cent year-on-year (Y-o-Y) to Rs 661.4 crore in 2023-24 (FY24), primarily due to deferred tax of Rs 359.8 crore, according to the annual results submitted to the Registrar of Companies (RoC) and reviewed by Business Standard. In FY24, the company's production increased by 16 per cent Y-o-Y to 134,807 units.
Preparing for the XAT requires a balanced approach, focusing on conceptual understanding, regular practice, and strategic planning, says Rahul K Shukla, convenor, XAT and admissions, XLRI-Xavier School of Management.
The Congress on Tuesday claimed the bill on holding simultaneous polls was against federalism and 'anti-constitutional', and said the voting at its introduction stage in Lok Sabha showed the Bharatiya Janata Party lacks the two-thirds majority required to pass a constitutional amendment.
Pakistan's cricket community also reacted with anger to India's decision as former Test captain Rashid Latif insisted that the PCB has to make a strong statement.
'Your relationship with your child is changing every single day, ditto your relationship with your parents.'
'Karyakartas felt we should have fought independently'
Gautam Gambhir put up a stout defence of under-pressure skipper Rohit Sharma and star batter Virat Kohli.
'The shifts in US involvement in global conflicts and geopolitical alliances could introduce uncertainties.'
Much drama is likely to continue in the coming year, within the Sangh Parivar as well as involving the Opposition parties and, of course the BJP's allies, predicts Modi biographer Nilanjan Mukhopadhyay.
'No Indian batter has hit more sixes than him against fast bowling in Tests in Australia to date, and he has played only two Tests.'
Prime Minister Narendra Modi has said he is willing to discard old ideas and embrace new ones as long as they fit into his essential ideology of 'nation first'.
Former United States President Donald Trump on Wednesday is cruising towards winning the race for the White House in one of the greatest political comebacks in American history by almost defeating his Democratic rival Kamala Harris in an election that virtually divided the country into two camps.
In a video posted on X, the 42-year-old actor said he wants to assure the grieving family that they are not alone in this painful situation and he will meet the family personally.
'Studying was never an important part of our life, surviving was.'
Ravichandran Ashwin visualises himself doing a lot more on the cricket field at least for the next few years.
The India-US nuclear deal was aimed at ending India's nuclear isolation and nuclear apartheid, recalls Rup Narayan Das.
Sources said the leaders during the meeting discussed the possible reasons for the "unexpected" results in Haryana and decided to set up the team to ascertain the reasons behind such results and also look into complaints of "discrepancies" in EVMs, as alleged by party candidates.
Djokovic looked in fine nick in Shanghai, playing with consistency throughout the tournament to reach his fifth final at the ATP Masters 1000 event
Ahead of Trump's inauguration here on January 20, the debate on foreign guest workers visas for highly skilled professionals, the H-1B, has intensified which has literally created divisions in both the Democratic and the Republican parties.
The RBI under former governor Shaktikanta Das resisted pressures to cut interest rates through 2024 as it kept its 'Arjuna's eye' trained on inflation, but the central bank under a new detail-oriented head will soon have to take a call if it can continue sacrificing growth. Das, a career bureaucrat who in 2016 oversaw Prime Minister Narendra Modi's highly disruptive demonetisation move, left a lasting legacy as he demitted office towards the end of 2024 after expertly navigating monetary policy for six years, the highlight of which was steering India's recovery through the pandemic.
The Congress top brass headed by party chief Mallikarjun Kharge held a review meeting on Thursday on the party's shock defeat in the Haryana assembly polls and discussed the possible reasons for the 'unexpected' results.
'Jairam Mahto's new party dented the NDA because he pulled a lot of the OBC vote.'
If there is uncertainty in the relationship, communicating that is the right thing. To keep someone waiting in the wings is selfish, says rediffGURU Ravi Mittal, CEO, Quack Quack, an online dating website.
How do you stay calm, relaxed and focus on the important things that matter in the countdown to your special day? Get expert advice from rediffGURUS.
After England completed a disappointing World Cup campaign with a victory over Pakistan, all-rounder Ben Stokes confessed that he will have to think long and hard about continuing to play One-Day International cricket for England.
... and there is no stopping its pan-Islamic agenda, cautions Ambassador M K Bhadrakumar.
'Along with Blackstone, we would be keen to look at opportunities in the North.'
'Maharashtra election result is a chamatkar of EVM.' 'There has been a sudden one percent rise in the voting percentage after the counting day.' 'This is what made the difference to the election results.' 'How did this vote percentage increase after counting day?
'The focus needs to shift towards the ability to collect payments, particularly in tier-3 to tier-4 areas where acceptance is still lacking.'
A Dalit student at Delhi University's Shaheed Bhagat Singh College has filed a police complaint alleging that its principal hurled casteist slurs and assaulted him after he was falsely accused of sending obscene messages on the official WhatsApp group of his department. The student, a third-year BA Hindi Honours student, claimed the incident caused him mental trauma and defamation. He has also written to the University Vice-Chancellor and the National Commission for Scheduled Castes, seeking action against those involved. The principal has denied the allegations, claiming the student was being manipulated by a faculty member against whom an inquiry is underway.
Among the new entries, the largest by market capitalisation are LIC, Avenue Supermarts (DMart), Adani Green Energy, Zomato and Jio Financial Services.
The Delhi high court has granted bail to Hari Om Rai, the former MD of Lava International mobile company, in a money laundering case involving smartphone-maker Vivo. Justice Manoj Kumar Ohri granted relief to the ex-Lava official, who was in custody since his arrest by the Enforcement Directorate (ED) in October last year.
'What is the use of talent if that player plays so many Tests and averages below 35 after a few years of being in the Indian team?'
A bench of Justices Abhay S Oka and Augustine George Masih, however, refused to interfere with the September 26 order of the apex court granting bail to Balaji on a plea filed by one of the complainants seeking its cancellation.
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