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.
'The Vladivostok visit marks a subtle reversal of trend discernible in the revival of India-Russia relations pioneered by Modi during the past couple of years,' says Ambassador M K Bhadrakumar.
Among others, China is developing the strategically located Gwadar port in Balochistan, which is aimed towards having a military presence, says a Pentagon report
The research will be held by the centre for Global Logistics and Manufacturing Strategies at the ISB and the Indian research laboratory at IBM India. IBM is working with Carnegie Mellon University and University of California, Berkeley for research in developed economics.
India, World Bank ink $375 mn deal to help develop country's first waterway
After dropping Chinese sportswear company Li Ning as India's Olympic kit sponsor, Sports Minister Kiren Rijiju on Wednesday said the country's athletes will not wear branded apparel in the upcoming Tokyo Games even as the Indian Olympic Association (IOA) claimed that the search is on for a new partner.
Prime Minister Narendra Modi and United States President Barack Obama will meet on Sunday, January 25, at Hyderabad House a few hours after the American leader's arrival in New Delhi.
Amazon
Indian auto industry's dependence on China is high and it will continue to be so in the BS-VI era and as the country moves towards electric mobility. Domestic players lack both technological competence and the sheer pricing advantage that support Chinese imports.
'The military aim in a future conflict, if it can't be avoided, should be to cause maximum damage to the adversary's war waging capability and capture limited amount of territory as a bargaining counter,' says Brigadier Gurmeet Kanwal (retd).
In fact, given the current tensions and massed troops on both sides, there is a danger that the LAC will become more like the Line of Control with Pakistan, a heavily fortified and strongly defended border where weapon fire exchanges regularly occur. Indeed, Stratfor Worldview research has listed a sharp increase in new Chinese facilities along the LAC in 2019-20.
Under the 'Major Defence Partner' recognition, the US will continue to work toward facilitating technology sharing with India to a level commensurate with that of its closest allies and partners.
'The Chinese can't be trusted hence the need to verify and re-verify.'
"Our worry is that a small mistake, an accidental exchange of fire at night, might lead to an unintended escalation," a senior officer confessed
As President Biden moves ahead with a new 'strategic concept' for China and Russia, the going is bound to get rough for the US and its G7 partners, notes Ambassador T P Sreenivasan.
December 3, 2021 marks 50 years since the beginning of the 1971 War which ended in a decisive military victory for India and the liberation of Bangladesh. Most analysts of the 1971 War agree that the IV Corps dash across the mighty Meghna river led by the brilliant General Sagat Singh was the turning point in the war, recalls military historian Colonel Anil A Athale (retd).
'Today, I am taking new actions to restrict Iran's nuclear, ballistic missile, and conventional weapons pursuits. My Administration will never allow Iran to have a nuclear weapon, nor will we allow Iran to endanger the rest of the world with a fresh supply of ballistic missiles and conventional arms,' Trump said in a statement.
'As far as acquisition of Russian equipment is concerned, with about 70% of Indian military equipment being of Russian origin, a sudden decision to abandon imports from Russia is not feasible,' points out Brigadier S K Chatterji (retd).
'It is unclear whether clothing or home items qualify as essential items. A lot of professionals are working from home, and they need electronics for their productivity. Does this qualify as essential?'
'We use the word "historic" perhaps too much, but the prime minister's visit certainly was historic in so many ways.'
'If the situation escalates, then mini-scale firing might happen.'
The Rajiv Gandhi assassination, investigation and trial were all jinxed in parts, recalls N Sathiya Moorthy.
North Korea considers Assad's Syria an ally, so it views Donald Trump's decision to strike Syria as a message to Pyongyang as well.
The Congress leadership has become stunted, it does not understand agriculture and the party is trying to mislead farmers for its own vested interests, said Union Agriculture Minister Narendra Singh Tomar.
US Secretary of State Antony Blinken was asked by US Congressmen if the US had explore the possibility of northwest India for counter terrorism capabilities in Afghanistan. Blinken's remarks on India assume great importance, observes Ambassador M K Bhadrakumar
The CAG observed there was no change in the price of 'flyaway aircraft package'.
The Indian Cricket Board's main emphasis this year is to ease the North Eastern teams into mainstream.
For both India and China, the most likely option -- and the most challenging -- appears to be a freezing of the status quo.
Agitating farmer groups on Thursday held a four-hour nationwide 'rail roko' agitation with the railways saying there was negligible impact on services though some trains were stopped by officials at stations as a precautionary measure.
'India's military posture has become significantly stronger than China's on the 3,500-kilometre Line of Actual Control.' 'This is enhancing confrontation between the two sides,' points out Ajai Shukla.
Seeking to boost the strategic ties, India and the US finalised the text of the Logistics Exchange Memorandum of Agreement.
Mr Prabhu has a big challenge ahead in implementing trade reforms to regain the lost export momentum, says Jayanta Roy.
'There is a trade in goods, a lot of tariff.'
'Listing Masood Azhar as a 'global terrorist' was done with Islamabad and Imran Khan's concurrence.' 'It was not prompted by the so-called 'Wuhan spirit'.' 'The relationship between the two 'iron brothers' has not been dented,' points out former RA&W officer and China expert Jayadeva Ranade.
With an epic battle of billionaires for supremacy in one of the world's most prolific markets and a pandemic-propelled surge in online shopping in the background, India's nearly trillion-dollar retail market is hoping to touch 85 per cent of the pre-COVID business in the first half of the New Year. In a year when the COVID-19 carnage ripped apart the retail business, circa 2020 will best go down for the unravelling of the war between Jeff Bezos, the world's wealthiest man, and richest Indian Mukesh Ambani for pre-eminence in the booming market that is estimated to reach $1.3 trillion by 2025. It all started with Ambani's Reliance Industries agreeing in August to buy assets of the nation's second-largest retailer for Rs 24,713 crore, just a year after Bezos' Amazon purchased an indirect stake in the indebted Future Retail.
China's behaviour in the post-pandemic geopolitical landscape which may determine the Quad's future trajectory, notes former foreign secretary Shyam Saran.
Indian Railways has tied up funds for the next two years for its ambitious modernisation programme.
Stepped up public expenditure must be accompanied by focused policies, advises Vinayak Chatterjee.
Lack of visibility on rates makes companies apprehensive.
Boeing also won a $4.5-billion contract for 10 C-17 Globemaster III transport aircraft, and will soon start delivery of $3 billion contracts to supply 22 AH-64E Apache attack helicopters and 15 CH-47F Chinook heavy lift helicopters., reports Ajai Shukla.
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