Paytm operator One97 Communications Ltd on Wednesday said it is not in talks to sell a stake to the Adani Group. Adani group has also termed such reports as "false and untrue." Commenting on a report that billionaire Gautam Adani was in talks with Paytm CEO Vijay Shekhar Sharma for a possible stake buy, One97 Communications said, the "news item is speculative and the company is not engaged in any discussions in this regard."
Days after billionaire Mukesh Ambani-led group took some of the stores of Future Group, whose lease had expired due to the non-payment of rent, Amazon.com Inc on Tuesday accused the two of 'fraud' and said such 'contumacious' transfer will be liable to legal action.
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.
Lieutenant General Shakti Gurung deserves to be complimented in telling his life story and that of his people, as subaltern communities within this vast and diverse nation of ours clamour for recognition and a plea for their voices to be heard and their aspirations to be met, notes Lieutenant General Gautam Moorthy.
Prime Minister Narendra Modi officially commissioned the Vizhinjam International Seaport on Friday in Thiruvananthapuram in the presence of Chief Minister Pinarayi Vijayan and senior Congress leader Shashi Tharoor, whose presence at the inauguration, Modi said, will give 'sleepless nights' to many.
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.
Call centres, once the engine room of India's BPO exports, are evolving too. Depending on the complexity, 30 to 50 per cent of voice and chat volumes are now handled by conversational AI.
If you redeem your investments when prices have fallen sharply, you will be selling at low prices and may make a permanent loss. On the other hand, if you remain patient and remain invested, you give your investment the time to recover, says Dwaipayan Bose
The incident happened on Sunday night when the woman, an undergraduate student at a private college, went to the beach along with her boyfriend, who is a classmate, on the occasion of the Raja festival, they said.
AI isn't a magic wand. It works best when combined with good systems, informed investors, and skilled advisors, says Amit Suri.
The National Company Law Tribunal (NCLT) on Tuesday allowed Kishore Biyani-led Future Group firms to hold meetings of its shareholders and creditors to seek approval for the sale of assets to Reliance Retail Ltd. A Mumbai-based two-member NCLT bench comprising Suchitra Kanuparthi and Chandra Bhan Singh dismissed the application filed by e-commerce major Amazon opposing the scheme of merger of the Future group companies, sources close to the development said. Confirming the development, a Future group firm through a regulatory filing informed that NCLT has passed an order, allowing the company to hold meetings of its shareholders and creditors to seek approval for the scheme.
'Star didn't think Kyunki Saas Bhi Kabhi Bahu Thi was good enough to come immediately after KBC.' 'Except for Ekta, no one imagined it would become such a hit.'
The high point of the 19 Shastri months was the 22-day war that he fought against great odds and won in principle, even if military historians often call it a stalemate. Pakistan saw a great opportunity to conquer Kashmir and lost. It was the last time they had the relative strength militarily and diplomatically to take Kashmir. Shastri's resolve buried that dream forever, points out Shekhar Gupta.
Ask rediffGURU and PF and MF expert Janak Patel your mutual fund and personal finance-related questions.
'You can imagine for India what Shuks means not just to the billions of people in India but the entire Indian diaspora around the world.'
The National Investigation Agency has informed a Delhi court that Mumbai attack accused Tahawwur Rana could spill the beans on the ongoing and future terror plans of outfit Lashkar-e-Taiba and its chief Hafiz Saeed for India.
The Supreme Court made it clear on Thursday it will not allow stalling of the arbitral proceedings pending before the Singapore International Arbitration Centre (SIAC) pertaining to the ongoing legal tussle between US e-commerce major Amazon and the Future Group, saying the sanctity of such proceedings needed to be maintained. "You (Future group and others) cannot keep stultifying the proceeding before the arbitral tribunal and this is just a ploy to delay the proceeding. "These are all ploys by well-heeled parties to delay the arbitration proceeding.
It was Rishabh Pant's brief, unconvincing stint at the crease that starkly epitomised his season-long struggle
He also reviewed the joint actions undertaken in coordination with the Indian Air Force and the Border Security Force, they said.
Bangladesh's interim government chief Professor Muhammad Yunus is considering resigning after political parties failed to reach a common ground, according to the National Citizen Party (NCP) chief. Yunus, appointed after a student-led uprising toppled the previous government, expressed concerns about his ability to function in the current political climate.
'A stage that seems big -- but it's (the) one that's familiar -- so we banked on him being comfortable with his surroundings and he certainly looked all that. It was an impressive debut.'
Kerala Chief Minister Pinarayi Vijayan has accused the RSS of "majority communalism" over an article published in an RSS mouthpiece regarding the Catholic Church's property holdings in India. The article, which has since been removed from the website, called for the government to acquire the church's land, claiming it was illegally leased during the British era. Vijayan said the article reveals the "true mindset" of the RSS and its alleged plan to "target minority groups one by one and destroy them step by step." The Leader of the Opposition in the Kerala Assembly, V D Satheesan, echoed Vijayan's concerns, stating that the article shows the RSS's intent to target the Church's property. He also claimed that the article's publication coincides with the passing of the Waqf Bill in Parliament, suggesting a pattern of targeting religious communities. Meanwhile, the BJP state president, Rajeev Chandrasekhar, denied the article's accuracy and stated that the article was removed after it was found to be untrue. He also emphasized that owning land is not a crime, and countered allegations that the Congress and Waqf have illegally acquired land in Karnataka. Archbishop Joseph Pamplany of Thalassery, however, expressed confidence that the Church is not afraid of any "Church Bill", as its properties have been earned through hard work. He said the Church will take legal action if necessary.
Deductions missed in Form 16 can still be claimed while filing ITR.
The interplay between domestic and foreign capital will shape India's equity markets.
'...hesitate to support the risk-taking it requires.'
A Pune-based woman, whose husband was killed by terrorists in Pahalgam, recounted how she and other women in the group quickly removed bindis from their foreheads and began chanting "Allahu Akbar" when they saw the attackers asking men to recite 'azaan'. But the frantic attempts to hide their religious identity failed to help as the gun-wielding terrorists did not spare the woman's husband and his friend, who was also from Pune. Sangita Ganbote, the wife of Kaustubh Ganbote who was among the 26 persons killed by terrorists at Baisaran near Pahalgam, also said that when a local Muslim man confronted the attackers and asked why they were killing innocent people, they stripped him and shot him dead.
The performance of Hindustan Aeronautics Limited (HAL) for 2024-25 (FY25) was driven by improved margins and lower provisions. The order book as of March was of Rs 1.8 trillion, with inflows of Rs 1 trillion during FY25.
In a letter to the Prime Minister, the Women of Big Bazaar SOS group said: "Future Retail and Reliance had entered into an arrangement through which Future's retail stores will continue to be operated by Reliance. Reliance has also committed to clear all debts and dues owed by Future Retail to suppliers and vendors."
Religare Enterprises Ltd (REL) on Monday notified the exchanges that its Board has commissioned a governance review of REL and its subsidiaries - Religare Finvest and Religare Housing Development Finance. Additionally, the Board has decided to approach the new promoters, the Burman Group, for immediate funding support to sustain operations of the company.
'We do not want to fall into a trap of uncontrolled escalation or all out conflict.' 'When the need arises we will do that.'
Experts say Future group will look for an out-of-court settlement with help from Reliance in the Amazon matter.
According to the report, Lancashire issued a statement saying they had been looking for a partner, preferably from the IPL, and now that the deal has been secured they foresee an "exciting future" for the side.
The Supreme Court on Wednesday took note of the consent of US e-commerce major Amazon and Future group and ordered the resumption of arbitral proceedings before the SIAC tribunal over Future Retail's merger deal to the tune of Rs 24,500 crore with Reliance Retail Ltd.
"Multi-hyphenation is the future. Everybody should do everything. After all, we have one life," says Chef Ranveer Brar.
State-owned Engineers India and MECON as well as four private entities are in the fray for the project to comprehensively revamp RBI's currency management infrastructure in order to cater to future cash needs of the country's fast growing economy. The four private entities are: Accenture Solutions; Colliers International (India) Property Services; PricewaterhouseCoopers and The Boston Consulting Group (India).
The chief adviser's decision to stay in office came two days after he told student-led National Citizen Party (NCP) leaders that he was mulling resignation as he felt "the situation is such that he cannot work", citing difficulties in working amid the failure of political parties to find common ground for change.
ECB should offer BCCI minority ownership in Hundred to attract Indian players: Lancashire CEO
'For weeks, months and years, it would continue to be debated if India should have pushed the early advantage and decapacitated Pakistan militarily.' 'India refused to bite the provocatively proverbial bullet and escalate it into a full-fledged war,' notes N Sathiya Moorthy.
Railways ramps up project to instal AI-based cameras that can recognise faces.
As many as 49 players including Reliance Retail, Jindal Power Ltd and Adani group have submitted Expression of Interest (EoI) for acquiring the assets of debt-ridden Future Retail, which is currently going through insolvency resolution process. Reliance Retail Ventures Ltd, which is the holding company for retail operations of RIL and April Moon Retail Private Ltd, a joint venture between Adani Airport holdings and Flemingo group have again submitted their EOI, after the lenders of Future Retail decided to invite fresh bids after dividing FRL's assets into clusters. According to an update from FRL's Resolution Professional, the 49 players would be permitted to submit "resolution plan(s) for any/all such Clusters under Option II".
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