Future Retail Ltd (FRL) on Wednesday held a meeting of its shareholders to consider and approve the sale of the company's retail assets to billionaire Mukesh Ambani's Reliance Retail Ventures Ltd. The meeting was chaired by Shailesh Haribhakti, FRL said in a regulatory filing. Haribhakti has been appointed by the NCLT to chair the meeting. The result of the voting will be announced in due course, it added.
A Union environment ministry's expert appraisal panel felt that the project proponent, CPL Infrastructure Pvt Ltd, a subsidiary of Cadila Pharmaceuticals Ltd, had failed to give requisite details for the proposed park in Dhandhuka Taluka in Ahmedabad.
The mission objective is to ensure data continuity of ocean color and wind vector data to sustain the operational applications.
Fernandes wanted Coca-Cola Company to not just transfer 60 per cent of the shares of its Indian firm but also the formula for its concentrate to Indian shareholders.
Homegrown auto major Tata Motors on Tuesday said it will raise $1 billion (Rs 7,500 crore) in its passenger electric vehicle business from TPG Rise Climate at a valuation of up to $9.1 billion. Tata Motors Ltd (TML) and TPG Rise Climate, the dedicated climate investing strategy of private investment firm TPG, have entered into a binding agreement in this regard. Under the agreement, TPG Rise Climate along with its co-investor ADQ, will invest in a subsidiary of Tata Motors that will be newly incorporated, the company said in a statement.
Glenmark Pharmaceuticals Ltd on Monday said its wholly-owned Swiss subsidiary
Modi said the new Parliament reflected the aspirations and resolve of the "new India" to set and work towards achieving new targets.
Pune-based Bilcare Ltd has acquired a US-based pharmaceutical service and packaging company ProClinical Inc.
The company is headed for its worst annual profit in three years, under siege as Chinese firms like Xiaomi and Lenovo reel in buyers with full-function touch-screen smartphones that are cheaper.
What do we need more of: Leaders who dominate global institutions or local leaders with a 'Make-in- India' mindset?
The court noted the submissions made by the ED's counsel, who said that Joshi played a vital role in laundering of the proceeds of crime.
Telecom software company Subex Systems Ltd on Tuesday said it has bagged an order for its flagship fraud management system, Ranger, from a US-based Internet Service Provider.
More than 70 per cent of Indian youth aged between 15 and 29 can't!
Brazilian soccer legend Pel has sued Samsung Electronics Co for at least $30 million, alleging the Korean company improperly used a look-alike in an advertisement that ran in the New York Times without permission.
Indian drug maker Matrix Laboratories Ltd on Monday said US-based generic pharma firm Mylan Laboratories Inc will acquire up to 71.5 per cent stake in the company for around Rs 3,424 crore ($736 million).
As many as 20 central public sector enterprises and their units are at various stages of strategic disinvestment, while six are being considered for closure or are under litigation, Minister of State for Finance Anurag Singh Thakur said on Monday.
A string of acquisitions this year has pushed India to the top of the Asia's inbound M&A league table.
Pune-based Bilcare Ltd, through its wholly owned subsidiary Bilcare Singapore Pte Ltd, has acquired US-based pharma research and clinical services business for an undisclosed amount.
The Reliance group is planning to buy the plastics business of a well-known company in Pakistan for about $300 million, industry sources said on Monday.
Union minister Hardeep Singh Puri on Saturday said the construction of a new Parliament building and redevelopment of the Central Vista Avenue, stretching from Rashtrapati Bhavan to the India Gate, will be completed in a time-bound manner.
If your flight is cancelled or delayed or you miss one, a travel insurance policy can cover the costs at such times and help you book a new one.
It was a replay of the annual general meetings of the cable companies of the M P Birla group last month even as the Birla side raised "illegalities" in the latest poll results.
Reliance Natural Resources Ltd has questioned oil ministry's right to approve the price at which a producer sells gas to customers, saying its nod was needed only for the formula or basis of pricing of gas for computing government's share.
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.
Media firm New Delhi Television (NDTV) today said Malaysia-based Astro All Asia Networks will acquire 49 per cent stake for $40 million (about Rs 182 crore) in its lifestyle subsidiary NDTV Lifestyle.
Thapar, 60, was arrested under the Prevention of Money Laundering Act (PMLA) on Tuesday night after the agency carried out raids against him and his linked businesses in Delhi and Mumbai, they said. He is expected to be produced before a court on Wednesday where the ED will seek his custody, they added. The ED has been probing an alleged transaction between his company Avantha Realty, Yes Bank co-founder Rana Kapoor and his wife, who are already being investigated under the PMLA by the agency.
ICICI Venture denied the allegations, noting it had extended the lifespan of the Dynamic India Fund III by three years
'For our traditional membership base, it would be an access to disruptive ideas,' FICCI President Subhrakant Panda tells Asit Mishra/Business Standard.
The company claims that when the Nitric Oxide Nasal is sprayed over nasal mucosa it acts as a physical and chemical barrier against the virus.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Consequently, RIL lost its about position of the country's largest company in terms of market valuation, which it had held for nearly a month.
It was alleged in an audit that Subramanian was the Yogi, but Sebi dismissed that claim in its final report on February 11.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Tiens Group is treating more than half of its 12,000 employees to a four-day holiday in France.
A special court in Mumbai on Wednesday granted bail to Shiv Sena member of Parliament Sanjay Raut in a money laundering case pertaining to the Patra Chawl redevelopment project.
Reliance Brands Ltd (RBL) on Monday announced forming a 60:40 joint venture with Rahul Mishra brand RM, which will create and own a new brand that would encompass courtier's ready to wear business. The new brand would grow both vertically and horizontally in the fields of accessories, footwear, home, beauty, and jewellery for a worldwide audience, said a joint statement. Rahul Mishra will lead the creative direction of the new brand as creative director, it added.
A seasoned banker with over 30 years of experience, Bakhshi is a mechanical engineer from Punjab Engineering College, Chandigarh. He has a post-graduate degree in management from Xavier Labour Relations Institute.
GMR Infrastructure has awarded the contract for managing the automated parking management system at Hyderabad Airport to Malaysia-based Tenaga Group.
Ajit Mishra, vice president, research, Religare Broking, answers your stockmarket queries.
The moves by the RBI, announced late on Wednesday, should increase supplies of gold and brighten the earnings outlook for jewellery makers after the government took tough measures to curb imports last year, analysts said.
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