In a significant development, the Competition Commission of India (CCI) on Friday suspended its more than two-year-old approval for Amazon's deal to acquire stake in Future Coupons Pvt Ltd and also imposed a Rs 202 crore penalty on the e-commerce major for certain contraventions. This comes amid a bitter legal battle between Amazon and Future Group over the latter's proposed Rs 24,713 crore-deal with Reliance Retail Ventures Ltd (RRVL). Against this backdrop, Future Group had complained to the CCI.
It was a competition and each camel performed to the best of their ability, delighting the crowd.
Several FIITJEE centres in Delhi-NCR have abruptly shut down, leaving students and parents who paid lakhs of rupees in fees in a difficult situation. The closures are attributed to non-payment of salaries for months, leading to teachers resigning and joining other coaching institutes. FIRs have been registered against two FIITJEE centres in Noida and Ghaziabad, highlighting allegations of criminal conspiracy and breach of trust. Parents are concerned about their children's academic future and are seeking answers and solutions from FIITJEE.
In-form Karun Nair's career could see a resurrection.
Competition in the fast-growing quick commerce sector is heating up as Swiggy Instamart faces a tough challenge in narrowing the gap with Blinkit, which currently dominates the market. In the second quarter (Q2) of 2024-25 (FY25), Instamart's gross order value (GOV) rose by 42.1 per cent quarter-on-quarter (Q-o-Q) and 75.5 per cent year-on-year (Y-o-Y), reaching Rs 3,382 crore.
'The race is now on for Indian IT firms to develop their AI prowess and focus on a software-first approach to services as the people element becomes more complicated with Trump's expected new regulations.'
'We not only have to secure our national interests but also prepare for new national security challenges like cyber warfare and terrorism.'
'Arbitrage funds make the most sense for those in the 30 per cent tax bracket, are viable for those in the 20 per cent bracket, but less so for those in the 10 per cent bracket.'
rediffGURUS who are career counsellors and JEE experts are currently helping counsel engineering aspirants to prepare for upcoming entrance examinations to secure a good college.
Bengaluru dominated as the country's top city for job opportunities and salary growth as it has registered a 9.3 per cent year-on-year increase, closely followed by Chennai and Delhi, a report said on Thursday. This growth underlines Bengaluru's reputation as a technology and business hub as the average monthly unified salary in the city stood at Rs 29,500, making it the highest-paying city in the country, according to TeamLease Services Jobs and Salaries Primer report for FY24. The report is based on an analysis of unified salaries across temporary and permanent hiring markets.
Newly-crowned World chess champion D Gukesh returned to Chennai on Monday to an enthusiastic reception his fans.
Kishore finished third in Heat 2 of the semi-final with a score of 8.26, behind China's Chengzheng Wang, who scored 10.00 to take the second place, while Taro Takai of Japan claimed the first sport with a score of 14.50.
Bhaker said the award selection panel would have followed due processes but sometimes errors can happen.
The growing decline of MTech applicants in Indian colleges is due to multiple factors, including outdated curricula, poor return on investment and lucrative non-engineering alternatives, say experts.
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India face competition from Saudi Arabia, Qatar and Turkey, who are positioning themselves as strong contenders to host the 2036 Olympics.
Sri Lanka Cricket needs to take tough decisions in order to face future competition, feels former ICC CEO and consultant advisor of the country's governing body, Haroon Lorgat.
'We have to be prepared for the larger disruption that is likely to take place.'
Mukesh Ambani-led Reliance Jio has introduced a 20-per cent cashback offer on select prepaid plans, intensifying competition in the Indian telecommunications (telecom) market. Jio is the largest telecom service provider in India, with 443 million subscribers as of July. Jio's cashback offer will drive cross-selling across Reliance's various retail businesses, but the move is also being seen by some analysts as a signal that tariff hikes may not be around the corner just yet.
India's dismal performance in the recent Olympic Qualifiers for boxing has triggered a coaching crisis just four months before the Paris Games as High Performance Director Bernard Dunne has stepped down while foreign coach Dmitry Dmitruk is likely to be shown the exit door very soon.
The United States has imposed sanctions on 275 individuals and entities, including 15 from India, for allegedly supporting Russia's military-industrial base.
During the ICC board meeting, the global body also approved a series of women's Associate Member T20 competitions to boost the competitiveness of smaller cricket-playing nations as it prepares for the expansion of women's events in the 2028-2031 cycle.
There was not a chance in hell that India's finest squash player Saurav Ghosal would continue playing the game in his 40s but the sport's inclusion in the 2028 Olympics after decades of wait has forced the 37-year-old to rethink about his future plans.
'It was a pleasure to meet legendary Olympic medallist @Leander today! Also Congratulated him on being inducted into the Tennis Hall of Fame! He continues to inspire youth and athletes to chase their dreams.'
Coaching crisis, heartbreaks and Olympic setbacks mark a disastrous year for Indian boxing
At 29, Chanu faced an uphill battle against an injury-ravaged body, sub-optimal preparation, and an intensely competitive field.
Praveen Kumar expressed his sentiments without naming anyone, saying he would have been happier if other Paris Paralympics medallists had also been honored.
State-owned Oil and Natural Gas Corporation (ONGC) expects a USD 10.3 billion revenue boost from increased oil and gas production, achieved through a partnership with UK's BP in the Mumbai High field.
'By his words, actions, and body language during their joint press appearance wanted to convey his personal respect and, more broadly, his desire to work closely with India.'
A ruthless Iga Swiatek slammed the door shut on German lucky loser Eva Lys with a 6-0 6-1 win on Monday to breeze into the quarter-finals of the year's opening Grand Slam for the second time.
From highways connecting once-remote regions to aviation networks carrying millions, India's infrastructure story is one of transformation.
'Consider 40% to 50% in equities, 10% in gold as a hedge, and the remaining 30% to 40% split between multi-asset funds and hybrid funds.'
'Tensions and dialogue are likely to go hand-in-hand with China.' 'The goal should be to cultivate power so that one can negotiate from a position of strength.'
The Supreme Court on Wednesday asked Amazon and Future group to request the NCLAT to decide the plea challenging the revocation of sanction to the US e-commerce major for its deal with Future group's firm by the Competition Commission of India. The suggestion was made by a bench headed by Chief Justice N V Ramana while adjourning to March 9 the hearing on Amazon's appeal against the January 5 order of the Delhi high court staying the ongoing arbitration proceedings before an arbitral tribunal over Future Retail's Rs 24,500-crore merger deal with Reliance Retail. The bench, also comprising Justices A S Bopanna and Hima Kohli, deferred the hearing after brief arguments on being told that the National Company Law Appellate Tribunal (NCLAT) is hearing another appeal of Amazon related to the merger deal.
Honda Cars India (HCIL) net profit dropped by 52.8 per cent year-on-year (Y-o-Y) to Rs 661.4 crore in 2023-24 (FY24), primarily due to deferred tax of Rs 359.8 crore, according to the annual results submitted to the Registrar of Companies (RoC) and reviewed by Business Standard. In FY24, the company's production increased by 16 per cent Y-o-Y to 134,807 units.
The Maha Kumbh 2025 at Prayagraj will feature a "Yuva Maha Kumbh", a gathering of youth and students celebrating Swami Vivekananda's birth anniversary and his vision for India. The event, organized by the Vivekananda Kendra, will include workshops and discussions on Swami Vivekananda's teachings and their relevance to modern India. The gathering will take place from January 20th, coinciding with the Maha Kumbh, and is expected to draw a large number of young people.
Assam's first Arjuna Awardee sprinter Bhogeswar Baruah has criticised the state government's sports policy, saying it is not taking enough initiatives to identify and nurture talent in rural areas.
Liverpool's Luis Diaz scored a hat-trick as they maintained their perfect Champions League campaign with a barnstorming second-half display in a 4-0 victory over Xabi Alonso's Bayer Leverkusen at Anfield on Tuesday.
'With India's growing capabilities in the space sector, this creates promising opportunities for enhanced collaboration and market access.'
There was plenty of action over the last 12 months that kept the loyal Indian fan interested.
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