Reliance Industries on Saturday said its Rs 24,713-crore deal with the Future Group cannot go ahead as secured creditors of the latter have voted against it.
In an address from the lectern on the steps of 10 Downing Street on a rainy London evening, Britain's first Prime Minister of Indian heritage confirmed a summer poll in six weeks' time and that the Parliament would soon be dissolved after he formally informed King Charles III of the election timeline.
Priced at Rs 7.99 lakh for the entry-level product, M&M has launched the diesel and CNG variants of Veero, and an electric version will come in the future.
'...it was for a very, very big lead actor.' 'I looked at it and saw how beautiful she was. I was like, there's no chance I'm getting it.' 'I auditioned for it and as luck would have it, they were looking for someone like me.'
The leak occurs at a particularly delicate time in US-Israel relations and is likely to infuriate Israel, which has been preparing to retaliate against Iran following a missile barrage on October 1.
'The quality of a leader should be such that even if the leader is not there, the institution carries on.'
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.
The Allahabad high court reserved its judgment on Friday in a petition challenging the maintainability of a suit seeking 'restoration' of a temple at the site of the Gyanvapi mosque in Varanasi.
Accepting demands of the aspirants, the Uttar Pradesh Public Service Commission (UPPSC) on Thursday postponed Review Officer (RO) and Assistant Review Officer (ARO) exams, and announced to hold the Provincial Civil Services (PCS) preliminary exam on the old pattern.
With modifications across all three papers -- Paper 1 (for BE/BTech), Paper 2A (for B.Arch), and Paper 2B (for BPlanning) -- students must plan their preparation intelligently to achieve a high percentile.
The GST Council, in its meeting on Saturday, is likely to decide on reducing tax rates on life and health insurance premiums, while hiking it on high-end wrist watches, shoes and apparels, besides considering a separate 35 per cent tax slab for sin goods. The 55th meeting of the GST Council, chaired by Union Finance Minister Nirmala Sitharaman and comprising state counterparts, is likely to discuss rate rejig in about 148 items, besides, it will also deliberate on bringing Aviation Turbine Fuel (ATF), a major component for airline industry's operation cost, in the Goods and Services Tax (GST) fold.
'The government is saying 88 Hindus have been killed, but it could be much more.' 'Their properties are being looted, their businesses have been ransacked. I am getting distress calls from there.' 'Muslims who believe in the philosophy of Sheikh Mujibur Rahman are also under attack. Most of those who have fled Bangladesh after Sheikh Hasina's fall are Muslims.'
'Senior Vatican officials were pleasantly surprised at the number of Indians who had come to witness the ceremony.'
You may get intimate for the first time out of impulse and develop second thoughts later. That's why it is important to have a clear idea of how to communicate to your date that you are not ready for sex, says rediffGURU Ravi Mittal, CEO, Quack Quack.
Ahead of the Maharashtra assembly elections, Ajit Pawar's Nationalist Congress Party on Tuesday faced a major setback as over 600 party workers and officials from the Pune city unit resigned.
Future Retail's (FRL's) independent directors have written a second letter to the Competition Commission of India (CCI), stating American e-commerce major Amazon never intended to invest in Future Coupons (FCPL) and the representations made by the US e-commerce player were completely opposite and contradictory to their own internal correspondences as submitted before courts. The directors also wrote to CCI that Amazon has obtained approval by making deliberate misrepresentations. By actively misleading the CCI and the regulator, it has to revoke the approval granted for Amazon's investment in FCPL.
rediffGURU Mohit Arora offers advice on how to navigate your dating and relationship problems.
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.
Foxconn's business in India has grown to over $10 billion till 2024.
The problem with Jee Le Zara is the male cast.
When indulging in an office romance, boundaries are a must. You might be flying high on the bliss of a new relationship, but your colleagues are not obliged to enjoy the PDA, says rediffGURU Ravi Mittal.
Suddenly, the legendary advertising line -- a diamond is forever -- is losing its shine.
US e-commerce giant Amazon has written to the independent directors of Future Retail Limited (FRL), including Gagan Singh, Ravindra Dhariwal and Jacob Mathew, and its audit committee, providing data and alleging that there have been significant financial irregularities to the prejudice of public shareholders, banks, creditors, and third-party suppliers. Amazon has said this warrants a thorough and independent examination of all relevant facts and related-party transactions, including of past financial years, by an independent agency. Separately, Amazon has written to Securities and Exchange Board of India Chairman Ajay Tyagi, seeking the withdrawal of the regulator's conditional approval granted to FRL related to the merger deal between the Future group and Reliance.
Fabian cautioned that things may get worse if the current trajectory continues.
Preparing for the XAT requires a balanced approach, focusing on conceptual understanding, regular practice, and strategic planning, says Rahul K Shukla, convenor, XAT and admissions, XLRI-Xavier School of Management.
'AAP's clear goal is to remove the BJP from Haryana politics. But if anyone considers us weak, then it will be their biggest political error'
Greg Barclay not to opt for third term, all eyes on BCCI secretary Jay Shah
Considering the competition, engineering aspirants should ideally consider taking a minimum of five to seven entrance exams to maximise their chances of success and broaden their options when it comes to college, says rediffGURU Nayagam PP.
Long-term tax-saving FDs can also be considered after the PPF limit has been exhausted.
Thotakura was selected as one of the six crew members for the mission, making him the first Indian space tourist and the second Indian to venture into space after the Indian Army's Wing Commander Rakesh Sharma in 1984.
Brokers believe that the higher charges may not completely deter investors from taking bets in F&O but could help cool down some activity, as the threshold to break even rises.
Tech giant Apple's highly anticipated "It's Glowtime" event is set to make waves on Monday, unveiling the new iPhone 16 along with other exciting updates.
In addition to interest rates, review the fine print for penalties and repayment terms, and select a reputable lender to avoid harsh recovery practices.
'We are going to need more technical people in government.' 'You can't expect a generalist to understand the complicated world of financial engineering.' 'I regret to say that most of our politicians have no competence to deal with these things. Nor is there a willingness to learn.'
Payal Kapadia's understanding of what it means to be a woman is as poignant as her authentic portrait of Mumbai's hoi polloi, observes Sukanya Verma.
ZEE Entertainment Enterprises Ltd (ZEEL) and Sony Pictures Networks India on Tuesday said they have settled their six-month-long dispute related to the failed $10-billion merger and have agreed to withdraw all claims against each other. As part of the "comprehensive non-cash settlement" between ZEEL and Culver Max Entertainment Pvt Ltd (CMEPL), both "have mutually agreed to withdraw all respective claims against each other, in the ongoing arbitration at the SIAC and all related legal proceedings initiated in the NCLT and other forums," said a joint statement.
Under regulatory scanner, Bengaluru-based Ola Electric has witnessed an uptick in its sales after facing a decline during the last few months. The company's daily average sales rose to 1,154 units in October, according to Vahan data from the Ministry of Road Transport and Highways (MoRTH). With sales reaching 17,315 units between October 1 and October 15, the company has also boosted its market share to 34 per cent, up from 27 per cent in September, in the electric two-wheeler (e2W) segment.
In his address, CJI Chandrachud recounted his journey, from sitting in the last row of the court as a young law student to his time on the revered corridors of the top court.
These 10 stocks represent the best mix of value and growth, offering relatively low price-to-earnings and price-to-book ratios, a high return on equity, and sufficiently high potential from current levels.
It is not your job to help her move on from a relationship that she chose to break. You don't owe your ex-partner your unconditional support, counsels rediffGURU Ravi Mittal.
