Future Retail on Saturday said it has missed the due date for payment of Rs 3,494.56 crore to banks and lenders as it could not sell assets due to its ongoing litigation with amazon, impacting its monetisation plans. Future Retail had last year entered into a one-time restructuring (OTR) scheme for COVID-19 hit companies with a consortium of banks and lenders and was to discharge "an aggregate amount of Rs 3,494.56 crore" on or before December 31, 2021. Kishore Biyani-led Future group firm would be "co-operating for completing the monetisation of the specified business within next 30 days" as per directions of the banks to resolve the current situation, said a regulatory filing by Future Retail.
NRAI termed the disqualification of trap shooter Manavjit Singh by organisers of the Asia Olympic Qualifiers in Kuwait as 'unjust and unfair'.
The Quad also vowed to work towards a free, open and prosperous Indo-Pacific, a region that has seen increasing Chinese military muscle-flexing in the last few years.
Shah said the focus has also been on improving women's cricket by adding more fixtures to their calendar.
Neeraj Chopra has displayed sizzling form in season 2023, winning almost everything on offer. However, the star athlete has no qualms admitting that defending his gold medal at the Paris Olympics will be a huge challenge since maintaining top form on a consistent basis is not easy.
As the next generation is eager to demonstrate their mettle on the international stage, there are polarising views linked with the presence of Kohli and Sharma in the T20 team.
US Vice President Kamala Harris, who is of Indian and African heritage, has formally secured the Democratic presidential nomination becoming the first Indian-American to win the nomination from a major political party, and chose Minnesota Gov Tim Walz as her running mate on Tuesday.
Injuries are mentally challenging, delighted to be back in competition: Mirabai Chanu
'Investors should not go for lump-sum investments in infrastructure funds at this point.' 'The SIP route is the best to avoid any major disappointment.'
'We are confident that over the next few years the government will strike a fine balance between populist measures and growth, and manage coalition partners well.'
They said the agency is also taking steps to bring under its ambit cases registered in various states by the police.
With France facing political turmoil, Mbappe used the pre-match press conference to address the nation. He called the situation "dire" and urged young people to fight against extremism gaining power.
Test cricket remains the pinnacle of the game, Cricket South Africa (CSA) said after it was criticised for selecting a second-string squad featuring seven debutants for the country's two fixtures in New Zealand next month.
'Basically, I have hit energy saving mode, indulge my sweet tooth on cheat days, do grocery shopping, listen to music, it helps me stay calm.'
'API prices are dragging down margins and impacting our competitive ability.'
'The series has shown a lot of talent, for us and India. I love Test cricket and we've seen some young, inexperienced players perform and the future looks bright in this format.'
The NTA denied any irregularities and said the changes made in the NCERT textbooks and grace marks for losing time at the examination centres were some of the reasons behind the students scoring higher marks.
Operating margins have been the primary driver of corporate earnings in India in recent quarters, despite revenue growth suffering from weak consumer demand. Companies across sectors have reported a sharp improvement in earnings before interest, tax, depreciation, and amortisation (Ebitda) margins over the past two years, benefiting from lower commodity and energy prices. Higher margins more than compensated for slower revenue growth, resulting in double-digit growth in net profit for five consecutive quarters.
The BJP's nationwide vote share saw its steepest decline in Rajasthan, falling by 9.23% from 2019, resulting in the loss of 11 seats.
Chanu ended India's over two-decade-long wait for a weightlifting medal at the Olympics.
Ashwin has urged bowlers to start working on their batting skills in order to meet the demands of the game.
A spot in India's playing XI is a tough ask, but once you get that golden opportunity and you shine on debut, is your place secure?
While Amazon is expected to approach either Mumbai or Delhi high court to enforce the interim order of SIAC, the Future Group, too, is likely to challenge the order. Legal experts also expect the Reliance group to expedite the process for regulatory clearances in the deal.
Addressing an event in New Delhi, Gen Pande also said the recent global developments have underscored that the security of the nation can neither be outsourced nor be dependent on the largesse of others.
Mark Boucher admitted the SA20 could be organised in the cricket-crazy Asian nation in the near future.
The Delhi high court on Friday declined Future Group's plea for stay on an arbitration tribunal order refusing to interfere with the Emergency Award (EA) which restrained it from going ahead with the Rs 24,731 crore merger deal with Reliance Retail. Justice Suresh Kumar Kait sought response from US-based e-commerce giant Amazon which had challenged the merger before the Singapore arbitration tribunal under SIAC, and listed the appeals by Future Coupons Pvt Ltd (FCPL) and Future Retail Ltd (FRL) for further hearing on January 4. Senior counsel Harish Salve, appearing for FRL, urged the court to pass an interim order clarifying that an earlier order passed by the Supreme Court - which stayed all proceedings in relation to the enforcement of the EA - would remain in force despite the subsequent order passed by the duly constituted arbitration tribunal.
Xi does not want to risk any political or economic crisis complicating his bid to remain in office, observes Ambassador Shyam Saran, the former foreign secretary.
Vijay has a lot of young and middle-aged women fans, but as voters, they are possibly now with the DMK, or remain with the AIADMK. Recapturing this constituency would have helped Vijay's political launch and the GOAT script and dialogues could have gone a long way in helping out. But the kind of script and screenplay and the unusually and equally unnecessary long run-time (3 hours, 3 minutes) that GOAT offers takes the film experience over the heads of those that are not familiar with secret agents and uranium theft in Tamil cinema, observes N Sathiya Moorthy.
India is among the worst-performing BRICS nations along with Brazil (ranked even lower than India at 71st this year).
rediffGURU Rohit Gupta, co-founder and COO of College Vidya, offers expert advice on career programmes in India.
Yashasvi Jaiswal wins ICC Player of Month Award
Rafael Nadal withdrew from Indian Wells on Wednesday on the eve of his first-round match.
The Declaration for the Future of the Internet is in part a response to a rising trend of digital authoritarianism, including Russia's actions to block credible news sites
'For experienced and risk-taking investors, now may be the time to go all in.' 'By 'experienced and risk-taking', I refer to those who remained net buyers in equities during the early stages of the 2020 pandemic.' 'On the other hand, those who exited the markets during the pandemic may go the SIP way.'
Prime Minister Narendra Modi Wednesday took the Congress to the cleaners over making the 2024 general elections about the protection of the Constitution, saying Indians voted on the plank only once when they threw out the Indira Gandhi government in 1977 after the Emergency.
Uday Saharan's India won hearts and held out promise of a bright future for the Fab 15.
Modi said that those who call themselves the biggest sympathisers of the backward communities are in reality their biggest enemies.
The FIH Athletes Committee serves as a consultative body and makes recommendations to the FIH Executive Board, FIH Committees, Advisory Panels and other bodies.
An initiative of Nandan Nilekani's EkStep Foundation, people+ai on Tuesday unveiled its vision for the future of Artificial Intelligence (AI) in India, dubbed 'Adbhut India' (Amazing India). It aims to harness AI as a powerful tool to enhance the lives of all Indians. The event marked the rollout of several initiatives by people+ai that are focused on discovering, demonstrating, and disseminating population-scale AI use cases for India.
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