Adani Ports and Special Economic Zone Ltd (APSEZ) on Wednesday said it has decided to exit its investment in Myanmar by June next year. APSEZ, the largest port developer in India, is part of the globally diversified Adani Group. "The Board has decided to actively work on a plan on exiting Company's investment in Myanmar including divestment opportunities (expected to be concluded by March - June 2022)," APSEZ said in notes to its second quarter results.
Ajay Singh would infuse Rs 1,500 cr in SpiceJet.
The Supreme Court Tuesday set aside three Delhi high court orders including the refusal to grant a stay on the final arbitral award which had restrained Future Retail Ltd from going ahead with its Rs 24,731 crore merger deal with Reliance Retail and ordered fresh adjudication. In a major relief to Future group, a bench headed by Chief Justice N V Ramana also set aside the high court's order of February 2 last year, by which it had directed Future Retail Ltd (FRL) to maintain status quo in relation to the merger deal. The March 18 order of the high court, upholding the EA's award and imposing a cost of Rs 20 lakh on it as well as its directors, has also been set aside.
The deal, involving Abu Dhabi carrier Etihad's purchase of 24 per cent stake in Naresh Goyal-led Jet Airways, was approved last month by the Competition Commission of India.
Civil Aviation Ministry has a few ready answers at hand.
Embattled retailer Future Retail Ltd (FRL) on Tuesday moved the Supreme Court to avert insolvency proceedings over missing a loan repayment deadline, even as its independent directors rejected an Amazon-supported offer to sell the company businesses at less than a third of what Mukesh Ambani's Reliance is offering. India's second-largest retailer, which operates multi-brand retail chains such as Big Bazaar, Easyday and Heritage, failed to pay Rs 3,494.56 crore to lenders by the due date of December-end and sought a 30-day grace period to resolve the situation. Unable to find money, it moved the apex court seeking to restrain its lenders from declaring the company a defaulter, which can invite initiation of insolvency proceedings.
At Birmingham, Avinash Sable became the first non-Kenyan to win a medal since 1994 at the Commonwealth Games.
'Entry and qualification must not be through concession and must be reserved for only those who meet the stringent standards of the institution'.
Flipkart has not been able to process with its plans of getting into the grocery vertical and is stuck on running pilots in select cities.
LVB had faced some serious flak in terms of bad loans, earnings and credit rating downgrades, since 2016.
The other three airlines that have been probed in this matter are SpiceJet, GoAir and Air India
Tuition classes: Saviours or demons, asks Ajit Balakrishnan.
Alina Kabaeva was first linked to Putin more than a decade ago, while she was a medal-winning gymnast.
While Amazon is expected to approach either Mumbai or Delhi high court to enforce the interim order of SIAC, the Future Group, too, is likely to challenge the order. Legal experts also expect the Reliance group to expedite the process for regulatory clearances in the deal.
Before buying Marans' stake, Singh's shareholding stood at 1.85%.
Reason for rejection hasn't been stated; deal among seven rejected transactions.
The issue had come up during a presentation by the Civil Aviation Ministry.
"Such are his core supporters that they will vote for him even if cooking oil sells for Rs 5,000 per litre under his leadership.' 'They don't think about inflation but Modi when they go out to vote.'
When Open Network for Digital Commerce (ONDC) was conceived last December, the idea was to reduce the dominance of e-commerce giants like Amazon and Flipkart. It was also to bring in a level-playing field for small merchants in India's fragmented but fast-growing $1-trillion retail market. However, those goals have changed now as large e-commerce players such as Flipkart, Amazon and Ecom Express are in various levels of talks with the ONDC team. They want to form partnerships like integrating with the network as well as providing their expertise to build it, according to the industry sources.
India's badminton great Prakash Padukone will receive the prestigious Lifetime Achievement Award this year from the Badminton World Federation (BWF).
The group is looking into a new role for Ranbaxy CEO and MD Arun Sawhney.
As many as 19 firms, including Reliance Industries Ltd (RIL), Adani Group and Tata have evinced interest for setting up solar manufacturing units under a production linked incentive scheme of the government. In April this year, the Union Cabinet approved a Rs 4,500 crore production linked incentive (PLI) scheme to boost domestic manufacturing capacity of solar PV modules. The scheme is aimed at adding 10,000 MW manufacturing capacity of integrated solar PV modules entailing direct investment of Rs 17,200 crore.
Dutch cricket ventures to a new frontier in maiden New Zealand voyage
This is being done keeping in mind the urgency of these transactions, and it would help the ongoing insolvency cases, including the 12 accounts referred by RBI to banks.
Archbishop Desmond Tutu, South Africa's anti-apartheid icon who won the Nobel Peace Prize for fighting racial discrimination in the country, died on Sunday. He was 90.
The tally from the weekend showed 37 new cases on Sunday with most testing positive after arrival at the airport
Singh holds more than 36.15 crore shares.
One fan has got a mural painted on the wall of his home in Dalgaty Lane as a mark of tribute. And little wonder, it is slowly turning into a tourist destination.
Social media giant accused of anti-competitive conduct by abusing its market power to create a monopoly and crushing smaller competitors.
Xi Jinping is winning the war without firing a shot in Sri Lanka, observes Colonel R Hariharan (retd).
The case may drag for a few years, experts say, as CAIT and DVM have said they will appeal against the interim relief granted to Amazon.
In a setback to DLF, the competition Appellate Tribunal on Monday upheld the CCI order imposing Rs 630 crore penalty on the realty major for unfair business practices.
China remains a "formidable challenge" that has increased its presence not only along India's land borders but also in the maritime domain, Navy Chief Admiral R Hari Kumar said on Tuesday and asserted that the naval force keeps a regular watch in the Indian Ocean Region.
Shah said that the people of the country will decide about the principal opposition party to BJP in the 2024 polls and they have not given this label to any party.
The survey comes amid growing calls on the International Olympic Committee (IOC) to ease restrictions on protests with other sports organisations allowing athletes to express on-field solidarity with the Black Lives Matter movement in a time of global anti-racism demonstrations following George Floyd's death in police custody in May.
Predatory pricing petitions against Ola, Uber were filed from across cities.
A guilty verdict could impact Google's growth in India
Vice President Dhankar's and Law Minister Rijuju's recent interventions have the danger of destabilising the Constitutional equilibrium, cautions N Sathiya Moorthy.
WhatsApp and Facebook had challenged the CCI's March 24 order directing a probe into the new privacy policy.
Pointing at regulation of environment sector as a case in point, Goyal said the sector suffered due to "over regulation as regulators are not able to justify many decisions"
