Debt-ridden Future Group is now focusing on saving and rebuilding firms such as -- Future Lifestyle Fashions, Future Supply Chain Solutions, Future Consumer and Future Enterprises, after the Rs 24,713-crore deal with Reliance Retail was rejected by secured creditors, according to industry sources. However, Future Group's flagship firm Future Retail Ltd (FRL), which has nearly Rs 18,000 crore debt, is bound to face the corporate insolvency resolution process before the National Company Law Tribunal (NCLT). Other companies like Future Enterprises Ltd (FEL), Future Lifestyle Fashions Ltd (FLFL), Future Supply Chain Solutions Ltd (FSCSL), Future Consumer Ltd (FCL) can sustain on their own and can be rebuilt by restructuring their liabilities with the help of current lenders and investors, said an industry source close to the Future Group.
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The fire erupted on the 19th floor of the One Avighna Park building on Currey Road shortly before noon, the official said, adding search and rescue operations are underway.
'India has entered an economic super-cycle driven by a housing cycle turnaround.'
The Centre has accorded a security cover of armed Central Industrial Security Force (CISF) commandos for the Hyderabad premises of Bharat Biotech, one of the major COVID-19 vaccine manufacturers in the country, official sources said on Tuesday.
Banks and companies in India are taking a cautious approach towards Sri Lanka, which, reeling from a financial crisis, has sought a $1-billion loan from the country to import essential commodities. A senior State Bank of India (SBI) executive said the bank was committed (to Sri Lanka) for the long term. "As far as exposures (are concerned), the bank will be cautious on its dollar exposure to Sri Lankan entities till the situation improves," he said.
The loud explosion caused panic among the people, especially those who had come to the weekly flea market, also known as Sunday market, the official said.
The cyclonic depression may have crossed the Tamil Nadu coast on Thursday evening, but the state continues to be battered by heavy rains.
A competition on yoga would be organised next year where the best performing student will be given a cash prize of Rs 5 lakh.
'There are around 80 to 100 elephants in zoos around the country.' 'We should not keep them in captivity for our entertainment.'
All shops and commercial establishments, hotels, pubs and bars will remain closed during this period, Yediyurappa said.
The Aam Aadmi Party-led Delhi government on Sunday completed 100 days in office, a period marked by its ongoing bitter tussle with the Lt Governor, a split in the party and implementation of a slew of its electoral promises, including slashing power tariff by 50 per cent and providing free water of up to 20,000 litres per month.
IMAGES from the English Premier League matches played on Saturday.
The Indian cricketers are making most of a rare vacation on an overseas tour.
According to plans, the new structure will be more energy efficient, fitted with all modern amenities like multilevel parking facility, centralised air conditioning systems and solar panels, reports Arnab Dutta/Business Standard.
Tourists at the Taj Mahal were asked to follow Covid protocols and were thermal screened and sanitised before entering the premises.
Churches also tolled their bells, after the Church of England sent out guidance to parishes, chapels and cathedrals across the country encouraging them to open for prayer or special services. Major sporting events, including football and cricket matches, have been postponed as a mark of respect.
Maharashtra Transport Minister Anil Parab and his then cabinet colleague Anil Deshmukh allegedly received Rs 40 crore from 10 DCPs in Mumbai to reverse the order of their transfer issued by the then city police commissioner Param Bir Singh, dismissed police officer Sachin Waze told ED.
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The central agency Wednesday examined Deshmukh's son-in-law Gaurav Chaturvedi and lawyer Anand Daga in over its probe after which an FIR was registered, they said.
'There is good indication that the economy is bouncing back, but the problem is, we should look at the eight quarters preceding March 2020.' 'The growth had fallen below 3.1% before March 2020.' 'So, the governments must realise that even if you transform the best of green shoots into banyan trees, you see only 3.1% growth.'
American sprinter Tyson Gay's former coach has been suspended for eight years for doping violations, the US Anti-Doping Agency said on Wednesday.
As India builds its data centre capabilities, it is imperative that it is supported by green energy. This is because data centres are guzzlers of energy.
Amid protest over the proposed ambitious semi-highspeed SilverLine rail project, also known as K-Rail, the Kerala government on Saturday published the detailed project report that estimated the cost of project to be Rs 63,941 crore.
'The BJP talks about prosperity, but it doesn't want anybody to prosper.'
The suburban trains on the Central Railway's main line as well as the Harbour line are running 20 to 25 minutes behind their schedule, an official said.
The agency had called him a hostile witness after he made the allegations.
Tennis star Caroline Wozniacki ran the New York Marathon and completed the course in just over 3 hours and 30 minutes on a chilly Sunday.
The ED case against Deshmukh and others is borne out after the CBI first carried out a preliminary enquiry followed by a regular case being filed on the orders of the Bombay High Court.
Raut's remarks came in the wake of Chief Minister Uddhav Thackeray being recently targeted by the opposition for not moving out of his house during the pandemic. Talking to reporters in Mumbai, Raut said Thackeray has given directives to ensure that Fadnavis, who is leader of opposition in the state Assembly, gets the best treatment.
The new Parliament building will be constructed close to the existing one under the Central Vista redevelopment project, and it is expected to be completed in 21 months.
Single-screen cinema halls are likely to be allowed with strict social distancing norms.
Despite accounting for the largest number of fatalities, the death rate, however, in the US is much lower than other countries.
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Incessant showers lashed Mumbai and its neighbouring areas on Wednesday morning, leading to flooding in many low-lying areas and traffic snarls on roads.
Record liquidity infusion by the central bank in the banking system during the financial year 2020-21 amid sluggish economic activity resulted in banks investing more in safe government papers than in extending loans, data from Reserve Bank of India (RBI) showed. This trend has not been seen in nearly two decades, barring 2016 - the year of demonetisation.
The Polar Bear Hotel, part of the Harbin Polarland theme park in Heilongjiang's capital and largest city, Harbin, opened its doors on Friday with the promise of round-the-clock polar bear viewing from all 21 guest rooms.
The Rail Land Development Authority has invited online bids from private players to redevelop the station into an integrated commercial, retail, and hospitality hub.
Officials also said that sufficient steps have been taken to control air and noise pollution during the construction work for the new parliament building, which will have separate offices for all MPs and those will be equipped with the latest digital interfaces as a step towards creating 'paperless offices'.
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