Amazon provided mere "lip service" and failed to provide any help to the debt-laden Future Group as the retail major suffered massive setback amid the COVID-induced lockdown and faced possible insolvency or debt restructuring, Future Group's promoters said in a letter to the e-commerce giant. This is the first time Future Group promoters have written to Amazon after the parties were embroiled in a legal battle over the sale of Future's retail assets to Reliance Industries. The letter from the promoters, including Kishore Biyani, was written on December 31. It alleged that Amazon's actions "lacked good faith" during the March to August period, when the group's retail business was severely hit by the lockdown.
It is a timely reminder that when faced with twin threats, India has succeeded by wisely choosing allies, points out Colonel Anil A Athale (retd).
Reserve Bank Governor Shaktikanta Das on Thursday said the central bank's asset purchases, aimed at mitigating COVID-19-related liquidity stress in the system, did not dilute its balance sheet or compromise on core principles of central banking. In the wake of the pandemic, the RBI undertook several conventional and unconventional measures. "Unlike many central banks, the RBI's asset purchases did not dilute its balance sheet and hence, did not compromise on core principles of central banking," Das said while addressing an event organised by the Bombay Chamber of Commerce. These purchases were confined to risk-free sovereign (government) bonds including state government securities only, he said.
Realigned training modules. Better automation and coding tools. Internal contests and more.
The IWF has admitted to mentioning two different urine sample numbers in its communication of her dope flunk earlier this year, according to a letter that the world body sent to the National Anti-Doping Agency (NADA).
The Sunil Bharti Mittal-led firm on Sunday approached its competitors to set up intra-circle roaming and other processes in the way it is done by the sector to respond to disasters.
Tata Communications has elected the private equity (PE) veteran as a successor to Subodh Bhargava.
The formal invitation was sent after the protesting doctors on Monday morning said they did not receive any communication regarding the meeting.
Connectivity was snapped exactly a week before Eid, celebrated on August 12. And so great was the relief on Monday that many Kashmiris wished each other Eid Mubarak.
TMC and other opposition party members rushed into the well of the House as Vaishnaw was called to make a statement over the issue.
But criticism of government will still be a no-no.
'There is a deep stigma or taboo attached to COVID-19 in rural areas.' 'People don't want to test because they fear social exclusion.' 'Even those who test positive may not reveal and not follow the quarantine protocol.'
'Failure is success delayed. It teaches you to be patient and persevere so that you improve.'
Opposing the transfer of Madras high court Chief Justice Sanjib Banerjee to Meghalaya, over 200 advocates of the Madras high court have signed a representation to the Chief Justice of India, N V Ramana and the Supreme Court collegium, seeking to reconsider the decision to shift CJ Banerjee.
The Supreme Court Friday asked the Chief Justices of all high courts to use information and communications technology (ICT) tools to ensure that the access to justice is 'democratised and equitably allocated', saying as per the National Judicial Data Grid (NJDG), over 91 lakh bail pleas are pending in high courts alone.
Engineering graduates specialising in artificial intelligence and machine learning can earn up to 24 lakh a year, says Saran Balasundaram, founder and CEO, HanDigital, a talent consulting firm.
'The protests have forced the government to announce that the NRC is not an immediate priority.' 'Even if they are trying to pursue this policy in a different guise, through the NPR, the fact that they have been forced to pause and backtrack at least temporarily shows the positive impact of the protests.' 'Moreover, various state governments have opposed the NPR which cannot be carried out without their cooperation. That is also a success of the protests.' 'The state governments would not have taken this stance against the central government if their hand had not been forced by the popular mood.'
'We have filed our draft red herring prospectus for a floating IPO for a net offer size of 86.6 million shares.'
The deputy commissioner said that the administration has made preparation for people on the occasion of Bakrid.
Based on this price, state governments, private hospitals, industrial establishments, etc would be able to procure vaccine doses from the manufacturers.
In this weekly self-help series, mental health and life coach Anu Krishna tells you how to take control of your life.
'The question is really can we prevent half a million deaths.' 'We are fast approaching that number.'
Led by Quinton de Kock, South Africa's 44 cricketers, who are part of a men's high performance squad, have returned to training amid the COVID-19 pandemic after getting approval from the country's sports ministry. South Africa has reported more than 1,38,000 COVID-19 cases with over 2,400 deaths.
For any airline to be eligible for restructuring, the current ratio has to be equal to or higher than 0.4, while 'debt to Ebitda' has to be equal to or less than 5.5.
N Chandrababu Naidu, when he was chief minister of the state, had sought funding for the project in 2015, but the Bank had deferred its decision in the light of the alleged government excesses.
'Leaders of the two nations have reportedly agreed to set up a hotline between their respective military headquarters,' state-run Global Times daily reported on Wednesday.
He is known for for being an institution-builder.
The report claims that the military experts who have analysed the evidence collected by its Investigative Unit say an airstrip under construction in Agalega will almost certainly be used for maritime patrol missions by the Indian Navy.
The Reserve Bank has revoked the deposit-taking status of Dewan Housing Finance (DHFL), the first financial services firm to go for bankruptcy proceedings, and has reclassified it as a non-deposit taking housing finance company, before approving the Piramal group's bid to take over it towards the end of the resolution process. The revelation comes in the June 7 NCLT Mumbai order that has approved the Rs 35,250-crore bid for the once second largest mortage lender by Piramal Capital & Housing Finance, forcing over 65 per cent haircut on the creditors and just Re 1 to its NCD holders to whom it owes more than Rs 45,000-crore. On the 14th page of the 86-page NCLT order by HP Chaturvedi and Ravikumar Duraisamy, it says DHFL no longer is a deposit taking NBFC but a non-deposit taking one.
Admissions have opened up for BTech, MTech, MSc, MDes, and Phd admissions at the Dhirubhai Ambani Institute of Information and Communication Technology in Gandhinagar.
Choubey said till February 4 total 81 AEFIs, which is 0.096 per cent of the total beneficiaries who have been administered Covaxin, have been reported.
'There is no data to show this virus is more deadlier.'
The identification of host dependency factors mediating virus infection may provide key insights into effective molecular targets for developing broadly acting antiviral therapeutics against SARS-CoV-2 and other deadly coronavirus strains, according to the researchers.
14 students at IIT Kharagpur have been awarded scholarships.
The government and the ruling Bharatiya Janata Party have dismissed the Pegasus Project reports as concocted and evidence-less.
In this weekly self-help series, mental health and life coach Anu Krishna tells you how to take control of your life.
On November 12, 2021, the Reserve Bank of India (RBI) decided to ring in uniformity in asset classification and income recognition across all lending institutions. Shadow banks, or non-banking financial companies (NBFCs), like commercial banks, are to test non-performing assets (NPAs) on a daily basis and upgrade them to "standard assets" only when interest and principal arrears are settled by borrowers. This is going to create all manner of headaches for shadow banks and their clientele. Says Y S Chakravarti, managing director and chief executive officer (CEO), Shriram City Union Finance: "NPA levels will go up, especially of small borrowers.
Several states and union territories, including Maharashtra, Punjab and Delhi, have announced closure of schools or suspended classes briefly till the COVID-19 situation is further reviewed in the wake of rising cases across the country.
Deadlock over the appointment of TV actor and Bharatiya Janata Party member Gajendra Chauhan as chairman of the Film and Television Institute of India's governing council entered the sixteenth day on Saturday
Regular use of smartphones may have a negative effect on the development of figural memory performance in adolescents.
