The Hinduja group is learnt to have backtracked from making a minimum Rs 8,950-crore offer for Reliance Capital (RCap) - a deal that it had belatedly put forth in December, after Torrent Investments emerged as the highest bidder for the bankrupt firm in the challenge process. The Hindujas' latest move has put Indian lenders, with an exposure of Rs 24,000 crore, in a spot as it was the former's revised offer that led to a call for a second auction and litigation by Torrent, which had placed a bid of Rs 8,649 crore in the first auction. Torrent has moved the Supreme Court and plans to wait for the apex court verdict before participating in any fresh auction. A banking source said there was an informal meeting of a few lenders of Reliance Capital with the bidders - the Torrent group and the Hinduja group on Friday when the latter changed its stand. The meeting of RCap's committee of creditors (CoC) is scheduled for Monday.
The United States on Sunday shot down another unidentified airborne object in its airspace, a day after it brought down a similar 'cylindrical' object over Canada.
Two new venues, Thiruvananthapuram in Kerala and Barsapara in Assam are in contention to host international matches during the home season in which India are set to play a record 23 international matches at home between September and December.
Mullah Muhammad Hassan Akhund is appointed as Prime Minister with two deputies Mullah Abdul Ghani Baradar and Molavi Abdul Salam Hanafi.
AirAsia India, which started operations on June 12 2014, had a market share of 6.2 per cent of the domestic traffic in April.
Avani broke her own world record of 249.6 to secure her a spot at the 2024 Paris Paralympics.
Sadio Mane scored twice to help Senegal fight back and shock Brazil 4-2 in a friendly in Lisbon on Tuesday.
"These observations from three members were given to me as the INT chairman. This was not a dissent note," he said.
For the Mumbai cricketer, the aim is to remain a player who always makes winning contribution for the team and not just merely add up numbers.
Mihir Tanna, Associate Director, S K Patodia & Associates, answers your tax queries.
Latvia has erected a six-metre-high sculpture "Medics to the World" which shows a female medic who has just come out of the treatment room and is getting ready for her next shift.
Chanu has decided to present her case before the hearing panel of the International Weightlifting Federation (IWF) in Hungary.
Prime Minister Narendra Modi has pipped Chinese President Xi Jinping to secure the top rank in handling domestic and international affairs in a global survey conducted by a Chinese firm.
A lot of gains have been driven by foreign portfolio investors. Lower interest rates globally have forced foreign investors to seek avenues for growth. They have been net buyers to the tune of Rs 2.5 trillion over the trailing 12 months, including May, reports Sachin P Mampatta.
A large group of enthusiasts of Yoga and ancient Chinese martial art Tai-Chi took part in a 'Jugalbandi' exercises at the iconic Great Wall.
Along the 202-kilometre long International Border in the Jammu region.
South Africa have named three front-line spinners in their squad for the Twenty20 World Cup in the United Arab Emirates and Oman but left out opening batsman Janneman Malan.
Giant lanterns illuminate the night sky at the Great Lanterns of China light festival at the Pakruojis Manor
The strong demand for coal will continue, as India fails to produce as much fuel as it targets.
Pratmesh Prabhu also did well at the IIT-JEE.
'The entire idea behind the serial bomb blasts was to strike fear in the minds of Indians.' 'I don't think the blasts were targeted to derail the Indian economy; the idea behind the blasts was retribution.'
It is against China's interest to shift away from dollar.
The airline operates flights to eight international destinations: London, Dubai, Colombo, Singapore, Bangkok, Hong Kong, Kathm-andu and Dhaka.
ICA is the world's leading institution for resolving international commercial and business disputes.
Four modules of Sikh separatist group Babbar Khalsa International, arrested for planning to target religious figures, were on Wednesday sentenced to imprisonment already undergone after they pleaded guilty for being member of the banned outfit.
International medical graduates can now apply to work with licensed medical health professionals in the city.
Raising the retirement ages of Indian judges and compulsory appointment of court clerks will help expeditious disposal of cases and restore people's faith in the judiciary, an international legal expert has said.
'The future is about autonomy and tanking.'
The intake of foreign students in the country has reduced by 50 per cent post the incident.
Three passengers, including a British national of Goan-origin, who arrived at the international airport near here on a flight from the United Kingdom on early Friday, tested positive for COVID-19, state Health Minister Vishwajit Rane said.
Ahead of Saturday's event, here's a lowdown of ready references for the auction.
Airlines plying abroad find growing takers for premium economy class, especially on long-haul routes.
These 8 images that prove that we truely live in a wonderfully weird world even during COVID-19.
Oil price have started rising as President Barack Obama's efforts to win backing for a military strike against Syria cleared its first hurdle.
India failed to hold on to an early lead and played out a 1-1 draw against Maldives in an international football friendly ahead of their World Cup qualifiers in Male.
Nine international cricketers, including Dwayne Bravo, Kieron Pollard and Brett Lee, have opted to play for their IPL frachisees instead of their home teams in the Champions League Twenty20 scheduled next month.
Nokia said it was the first to manufacture the 5G New Radio in India, and it is now producing Nokia AirScale massive Multiple Input Multiple Output solution at the facility.
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