Ramdev is very angry' with the Congress after he was accused of destabilising the state government in the wake of revolt by nine party MLAs.
Kishore Biyani met Jeff Bezos, the founder and CEO of Amazon, in Delhi last week and "discussed many things like the macro environment and the prime minister"
Future Retail Ltd (FRL) on Wednesday said it is "committed" to reversal of takeover of its stores by Reliance Retail and will take all such action as may be necessary to seek value adjustments. The Kishore Biyani-led firm also said the action of the Reliance Group has come as a "surprise" to it. Moreover, the action of taking possession of its stores has "complicated" the positive scenario which had started building up after a CCI order in December 2021, FRL said in a regulatory filing.
The Congress victory in Karnataka, its first big state since 2018, puts the party back in the game for general elections as it re-establishes primacy in the opposition space that is currently vastly fragmented despite efforts to cobble up a united front against the BJP.
Amazon has asked Sebi to suspend its review of the Rs 24,713 crore Future-Reliance deal and not grant a no objection certification on the ground that its challenge to the agreement was before the Delhi high court. E-commerce major Amazon has written to Sebi again, this time apprising it about the admission of its appeal before the division of the Delhi high court and urged the market regulator to suspend the review of the Future-Reliance Industries Ltd (RIL) deal. This is the eighth letter by Amazon to the Securities and Exchange Board of India (SEBI) chairman Ajay Tyagi since late October. Amazon has been opposing Future group's pact with billionaire Mukesh Ambani's RIL that was signed in August last year.
E-commerce major Amazon has written to Sebi yet again, apprising the market regulator of the formation of the arbitration tribunal at SIAC while urging it to suspend the review of the Rs 24,713 crore Future-RIL deal. It has also filed an appeal with the division bench of the Delhi high court against the December 21 order of the single member bench, according to sources.
There is immense pressure on Biyani to go ahead with the RIL offer after FRL defaulted on its interest payments of Rs 100 crore on July 22.
Ahmedabad is home to the strangest of cuisines and is a city of contrasts, if you look beyond the tourist places.
From July 10, when it was launched till August 7, 1,087,030 lives have been covered under Corona Kavach through 648,276 policies with premium of Rs 182 crore and sum assured for Rs 42,956 crore. In addition, 186,347 lives have been covered under Corona Rakshak through 156,695 policies with premium of Rs 25.5 crore and sum assured for Rs 3,293 crore, an Irdai official said.
'Should we shortchange our investors by exiting early?'
Paytm recently partnered with 1,000 educational institutions over admission fee payment through the app.
The entire series consists of the shorter format of cricket, which draws more audiences.
Credit Suisse said if the deal fructifies, then this will bring together the largest offline and online retailers in India.
While festive season spends by consumers did contribute to the uptick seen in Q3, experts said greater aggression displayed by retailers to corner a larger share of the shopper's wallet also worked.
Banking sources said the debt recast is actually 'Plan B' to help the nation's largest retailer stay afloat.
"We in the satta bazaar trust Sonia Gandhi's manoeuvring skills. Now that it has become a major ego issue for the UPA, Mamata will be isolated. UPA may manage to get Mukherjee elected as President with the help of Mayawati and other smaller parties," said a bookie from Delhi
Future Consumer Enterprise Ltd, the food and FMCG arm of Kishore Biyani-led Future Group, on Friday acquired south India-based convenience store chain Nilgiris for nearly Rs 300 crore (Rs 3 billion).
The latest trigger has been Future group's buyout talk with the retail unit of Andhra Pradesh Chief Minister Chandrababu Naidu's family-owned Heritage Foods
Kate Forbes studied at Woodstock School for 3 years, and lived in India for 8 years. 'She has a heart for service and we are excited she has reached great heights at such a young age,' said her teacher Sanjaya Mark.
Future Group and V-Mart have put in place systems to prevent panic buying at their neighbourhood grocery stores.
Bharti Retail will issue one equity share of Rs 2 each for every share of Rs 2 held in Future Retail
At least 30,000 growers are hedging for their produce through farmer producer organisations
The Congress on Saturday made a stunning comeback in Karnataka ousting the Bharatiya Janata Party from its lone southern citadel with a comfortable majority in a morale booster win that will be key for reviving its electoral fortunes ahead of the 2024 Lok Sabha polls.
The mining baron and former Karnataka minister, Gali Janardhana Reddy, has spared no expense or effort to make sure that his daughter Brahmini's wedding is the biggest, fattest wedding that Bengaluru has ever witnessed.
Gone are the days of over-the-top Diwali parties, says Kishore Singh. This year round, the taxman is the invisible -- and unwanted -- guest at these once extravagant affairs.
Dangerous messaging punctuates every ounce of its storyline wherein dowry is normalised, the kidney is a small price to pay for it, observes Sukanya Verma.
Though he went back to writing "beautiful scenes" for other Bollywood directors, his deep interest in the lives of ordinary citizens never slackened, evident from the way he made himself available to human rights groups whenever they called him.
Amazon provided mere "lip service" and failed to provide any help to the debt-laden Future Group as the retail major suffered massive setback amid the COVID-induced lockdown and faced possible insolvency or debt restructuring, Future Group's promoters said in a letter to the e-commerce giant. This is the first time Future Group promoters have written to Amazon after the parties were embroiled in a legal battle over the sale of Future's retail assets to Reliance Industries. The letter from the promoters, including Kishore Biyani, was written on December 31. It alleged that Amazon's actions "lacked good faith" during the March to August period, when the group's retail business was severely hit by the lockdown.
In a country like India, where counterfeit items are sold in every nook and corner, the regulation of trademark infringement poses a big challenge.
Footfall at malls are down 20-25 per cent in the past couple of years.
Amazon has shot off yet another letter to market regulator Sebi, accusing Future Retail of insider trading and called for an investigation as the US online retailer looks to ratchet up pressure against the Future-RIL deal. Future Group, however, vehemently denied the charges, saying these allegations were "Amazon's ill-motivated attempts to throw everything at the situation to stultify the transaction."
The entry to the graveyard inside Naqshband sahib Shrine in Khawaja Bazaar near Nowhatta was sealed and security forces were deployed around the area to prevent anyone going inside, officials said.
Kishore Biyani led-Future Group has filed a caveat before the Delhi high court requesting it to be heard if any plea is filed by e-commerce major Amazon over its Rs 24,713 crore deal with Mukesh Ambani-led RIL. Anticipating a move by Amazon, which had got an interim arbitration award in its favour, putting the announced deal on hold, the Future Group firm has moved the Delhi high court.
Regulator seeks clarification on transfer of convertible debt after merger
Local traders are evaluating other options rather in FDI.
While 2017 was a record year for private equity investments in India after $23.5 billion in 660 deals, 2018 too has begun with a bang.
Ajay Maken and all other 69 candidates of the Congress were defeated in the election.
Future Group founder and CEO Kishore Biyani on Tuesday said Amazon was fully aware of his group's talks with Reliance Industries for the sale of retail assets that followed the US giant offering no concrete help to tide over the cash crisis. Opening up after being locked in an intense legal battle with Amazon over the Rs 24,713 crore deal with Reliance, Biyani in an interview with PTI said the US giant's 2019 investment in Future Coupons Pvt Ltd (FCPL) -- Future Retail's parent -- was for coupon and gifting business only and the same could continue post-retail assets going to Reliance. He hoped to complete the deal with Reliance within two months of Sebi approval.
'Earlier I'd send money back home.' 'Now I've to take from them.' 'I'm completely heartbroken, scared for what the future holds.'
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