Independent valuers have given a liquidation value of up to Rs 13,000 crore for Reliance Capital, sources said. The Reliance Capital administrator, in the Committee of Creditors (CoC) meeting held on Wednesday, presented the valuation reports of the independent valuers - Duff & Phelps and RBSA, to the lenders. According to sources, independent valuers Dufff & Phelps and RBSA have given a liquidation value of around Rs 13,000 crore for Reliance Capital (RCAP).
With land acquisition completed and infrastructure work streamlined, India's bullet train dreams are slowly, but finally, inching closer to reality.
This "offer" comes days after Banerjee had threatened to stage a sit-in outside the Raj Bhavan to protest against his "holding back" bills passed by the state assembly.
Maharashtra Congress chief Nana Patole on Monday said he has conveyed to the party high command about recent political moves of the Sharad Pawar-led Nationalist Congress Party to allegedly weaken the Congress in the state.
Sources said senior leaders of the party have been told to reach out to other leaders of the alliance and talks with some parties have begun.
The Deccan Chronicle Holdings Limited (DCHL) on Thursday issued a tender notice inviting bids from prospective buyers for its IPL franchisee Deccan Chargers, which is currently in a financial mess.
The International Olympic Committee said on Thursday it saw no reason to doubt assurances from Tokyo about the legitimacy of payments made during its successful bid to host the 2020 Games.
Companies like Reliance Industries, which plans to produce natural gas from KG basin from 2008, will have to invite bids from consumers to discover the price of output under a new exercise adopted by the government.
Munich will not bid for the 2022 Winter Olympics after failing to win the support of the local population in a referendum on whether to bid for the Games.
The government is likely to invite the financial bids for divestment of ICVL, in the last week of February.
Singapore's Ng Ser Miang is expected to announce a bid for the International Olympic Committee (IOC) presidency on Wednesday, a source close to the Olympic movement told Reuters on Tuesday.
In a breather to the troubled edtech company, the steering committee of lenders has agreed to amend a $1.2 billion term loan with Byju's by August 3, 2023, the lenders announced on Monday. Successful execution of the amendment would "immediately" solve the loan's acceleration and end all open litigation while avoiding further enforcement actions, they in a statement. An e-mail sent to Byju's did not elicit a response.
Bilawal has said the reality is that his party does not have a mandate to form a federal government.
England's failed bid to host the 2018 World Cup "was by far the strongest contender", FIFA official said.
Mohamed Bin Hammam has failed in his bid to be reinstated as head of Asian soccer by the Court of Arbitration for Sport (CAS), the Asian Football Confederation (AFC) said on Monday.
Jet Airways CEO-designate Sanjiv Kapoor on Monday said the new management does not want to be "in a rush" to restart operations while asserting that the airline will be unique and different. The ownership transfer of the airline under the insolvency resolution plan is facing hurdles over differences between the winning bidder and lenders. "We don't want to be in a rush," Kapoor said.
FIFA's ethics watchdog on Wednesday imposed a warning and 7,000 Swiss franc ($7,055) fine on German football great Franz Beckenbauer for stonewalling an investigation.
World Cup 2022 hosts Qatar delivered another strongly worded statement on Monday denying "serious, unsubstantiated and false" allegations from English media that they had bribed FIFA executive committee members to win the hosting rights.
The Japanese Olympic Committee on Wednesday established a team to investigate whether any illegal payments were made during its successful bid for the Tokyo 2020 Olympics.
Franchise is the future but Australia rule the here and now
Dallas, Boston, San Francisco, Los Angeles, Philadelphia, Washington, San Diego and Tulsa have expressed varying degrees of interest in hosting the sporting extravaganza.
After a year's delay due to COVID-19, the 19th Asian Games officially opens in Hangzhou on Saturday with hosts China eager to lift a country mired in economic gloom.
The NCLT has granted Future Retail Ltd (FRL) an extension of 90 days for concluding the Corporate Insolvency Resolution Process (CIRP) of the company. Allowing FRL's plea the Mumbai bench of the National Company Law Tribunal (NCLT) has extended the deadline to July 15, 2023, for concluding the CIRP of FRL. "... NCLT on April 13, 2023, heard the application and granted the said exclusion of 90 days from CIRP of FRL and consequent extension for completion of CIRP till July 15, 2023," said a regulatory filing from the company.
Paris bid leaders said almost all the city's proposed venues were already built or would be temporary facilities as the French capital on Wednesday unveiled plans to host the 2024 Summer Olympics.
Rauf Azhar, born in 1974 in Pakistan, had been sanctioned by the United States in December 2010.
In a meeting chaired by state chief secretary Atul Kumar Gupta yesterday, the ETF recommended invitation of fresh bids for setting up the power plants at Bara and Karchhna in the Allahabad district. However, this has to be ratified by the state Cabinet first to take effect. This would be the third time that the state government would invite bids for the two power plants, which have failed to take off in spite of much fanfare with which they were initially announced.
IOC president Jacques Rogge promised that the IOC would take any necessary action over allegations made about bidding for the 2012 Games.
Lenders have postponed the second auction to sell bankrupt Reliance Capital's assets by a week to April 11, even as the Torrent group, the highest bidder in the first round, pursues litigation in the Supreme Court. Lenders are expecting the Hinduja group and Torrent to participate in the second auction and maximise the value of the assets. American financial services major, Oakteee may also join the race, said a source.
Bach, IOC President, has been invited to visit India for a meeting with Prime Minister Modi.
As many as 48 companies, including Reliance Retail, Jindal Power Ltd and Adani group, are in the final list of eligible prospective resolution applicants for acquiring debt-ridden Future Retail Ltd. The Resolution Professional of Future Retail Ltd (FRL), which is currently going through an insolvency resolution process, on Monday came out with the final list of 'Eligible Prospective Resolution Applicants'. On April 10, FRL's RP updated a list of 49 companies, which had submitted Expressions of Interest (EoIs) after the company's lenders decided to invite fresh bids after dividing its assets into clusters.
Australia's state of Victoria has withdrawn as host of the 2026 Commonwealth Games, placing the future of the quadrennial multi-sport event in doubt
Indonesia bid an emotional farewell to the 18th Asian Games on a rain-soaked evening at the Gelora Bung Karno stadium on Sunday with the Olympic Council of Asia (OCA) President hailing the event as a 'historical success'.
Australia's state of Victoria will not host the 2026 Commonwealth Games due to projected cost overruns.
A complaint addressed to Saxena in June this year had claimed that the appointment of the minister of transport as the chairman of the committee for tendering and procurement of buses by Delhi Transport Corporation was done in a "premeditated manner".
GVK Group that runs the swanky MIAL (Mumbai international airport) pipped rival GMR Group to bag the contract for the proposed facility in Navi Mumbai which will ease the severe congestion at the Chhatrapati Shivaji International Airport.
The new president of MCC Mark Nicholas wants the ODI format to be played exclusively in the World Cup in a bid to protect the format that is losing its importance and the rise of T20I format over the period of time.
In signs of increasing differences, Jet Airways' winning bidder Jalan Kalrock Consortium on Tuesday asked the airline monitoring committee's authorised representative Ashish Chhawcharia not to issue any communication on behalf of the grounded carrier without approval of all the members of the committee. Amid the continuing uncertainty over the fate of Jet Airways, which shuttered operations in April 2019, the consortium on Tuesday wrote a letter to Chhawcharia. The latest development comes more than a week after Chhawchharia reportedly shot off a letter to Sanjiv Kapoor, asking him to refrain from using the title of CEO as he was only a CEO-designate.
