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.
E-commerce major Amazon has moved the Supreme Court in a bid to block Future group's Rs 24,713-crore deal with Reliance, according to sources.
A bench headed by Chief Justice N V Ramana also appointed the Inspector General of the National Investigation Agency, Director General of Police of Chandigarh, the Registrar General of the Punjab and Haryana high court and the Additional DGP (Security) of Punjab as members to the Justice Malhotra panel.
The PM said that the Union Budget will accelerate the economic growth, financially empower every citizen and strengthen the foundation of the economy in the new decade.
To strengthen corporate governance practices and disclosure requirements, Sebi has notified new rules, including that top 1,000 listed firms will have to formulate a dividend distribution policy. The regulator has also put in place a framework in relation to applicability, constitution and role of the Risk Management Committee (RMC) and eased norms for re-classification of a promoter as a public shareholder, according to a notification dated May 5. In addition, the regulator has asked listed firms to make available audio and video recordings of analyst and investor meets on their websites as well as stock exchanges within 24 hours or before the next trading day and also notified rules regarding Business Responsibility and Sustainability Report (BSSR).
'We have not hijacked the party, the NCP and the Congress have hijacked it'
The video of students of the Siyur Primary School in Jamalpur block of Mirzapur district being served salt and roti in their midday meal had gone viral on the social media on August 22, triggering outrage and leading to the suspension of two teachers.
Direct tax collections missed the revised target for 2019-20 by Rs 1.42 trillion at Rs 10.27 trillion, an 8 per cent fall over the previous year.
Sanjay Bhandari, an accused arms dealer wanted in India on money laundering and tax evasion charges, is pursuing a separate legal battle of his own in France over an alleged unpaid cut from a large Indian defence contract dating back over 10 years, according to a UK media report.
According to experts, 'Lakshmi' and the logo 'Godesses Lakshmi' have a lot of value in India and are the biggest driver for the Bank. Retaining the Lakshmi name and logo will help DBS.
Friday will be the first day of the second phase of the odd-even scheme in New Delhi.
'If you persist in opposing the government, they set the ED or the NIA on you. And the courts have not given us much hope.'
'By making Rachel Rajeshwari, Tejashwi has done an exemplary thing.'
If the real estate sector is properly managed, it could drive not just finance but demand for a range of products and services, observes T N Ninan.
'It is only when Beijing sees a country with an infirm political will such as India that it acts up as the PLA has done in eastern Ladakh.'
Private hospitals can charge up to Rs 250 per dose of COVID-19 vaccine, official sources said on Saturday as India prepares to vaccinate people aged above 60 years and those over 45 with comorbidities from March 1.
'The Insolvency and Bankruptcy Code cleans up non-performing assets and puts companies in capable and credible hands.'
The Reserve Bank on Wednesday said the amalgamation of Lakshmi Vilas Bank with DBS Bank India will come into force from November 27 and the moratorium imposed on the crisis-ridden lender will be removed on that day. The RBI issued the statement within hours of the Cabinet clearing the Scheme of Amalgamation of Lakshmi Vilas Bank Limited (LVB) with DBS Bank India Limited (DBIL).
Virgin Atlantic plans to operate three flights a week from Delhi to London's Heathrow from September 2, while Mumbai services are planned to re-commence from September 17 with four flights per week. Both the destinations will provide connections to New York JFK and will operate on 787-9 Dreamliner.
'Our party cadre does not want her in the party.'
RIL's stake in Network18 would reduce to 64 per cent, from 75%, following the merger
Migrants are no longer sure if they would be able to live by Modi's mantra of "Jaan Bhi Jahaan Bhi".
He also announced that 50 per cent of the DTC buses will be operational from Tuesday to ensure that those involved in essential services do not face problems. He said that there were 30 cases in Delhi till date, out of which 23 were reported from people who came from the affected countries and seven were infected through the local transmission.
Australia opener David Warner does not see the captaincy of IPL team SunRisers Hyderabad as a tale of "redemption" for him. Warner, who will be leading SunRisers in this year's IPL, played under the leadership of Kane Williamson last season as the left-hander was making a comeback after his one-year ban for his involvement in the ball-tampering scandal during a Test match against South Africa in 2018.
According to the law, the contribution "should not be more than 5 per cent of the amount paid to gig workers. The government is likely to start seeking contribution from gig companies towards the fund from April 1, 2021.
Under a new British-Irish visa scheme announced by Ireland's minister for justice Frances Fitzgerald, tourists and business visitors from India and China will be allowed to travel freely in the 'common travel area' of Britain and Ireland with either an Irish or a British visa.
A second wave of Covid driven by the Delta variant engulfed the country in May-June bringing the health system to its knees and leaving people gasping for help.
Participating in a video conference along with chief ministers of other states, Kumar spoke about many states having arranged for return of students from the Rajasthan town, and also made an oblique reference to the pressure from opposition parties that his government has been facing on the issue.
Training is fine but I need competitions before Olympics, says Neeraj Chopra
The minister was speaking at a seminar on the 'Indian Financial Code' which was framed by Financial Sector Legislative Reforms Commission with a view to update the laws and regulations dealing with the sector.
A homemaker in every family would get a monthly assistance of Rs 1,000, the manifesto said.
'This creates not only false hopes, it creates confusion all over to students who are preparing'
The incident took place on Wednesday when locals found Majhi carrying his wife Amang Dei's body along with his 12-year-old daughter.
A messy love story, a tale of infidelity, a jab on sexism, a whodunit -- Haseen Dillruba wildly oscillates between diabolical provocations and unrealistic sentiment, notes Sukanya Verma.
These 10 cities have maintained cleanliness throughout
RPG Life Sciences said on Wednesday it will undergo a restructuring process, wherein its pharmaceutical business and investments will be transfered to two of its group companies.
With the O2C business outlook on the mend, the Street is also looking forward to news on RIL's proposal to sell up to 20 per cent of the O2C business to a strategic investor like Saudi Aramco.
Staggered pull-out will help investors if the market continues to rise.
The Tamil Nadu unit of the Bharatiya Janata Party on Monday announced that it would contest alone in the urban civic polls slated to be held on February 19, even while asserting that its alliance with the All India Anna Dravida Munnetra Kazhagam in the state remained intact.
The inquiry that led to the detention of former Brazil player Ronaldinho Gaucho enters a new stage this week as prosecutors focus on what they believe is a money laundering scheme involving the businesswoman who invited him to Paraguay. Investigators will begin reviewing files and messages on the phones of the former Barcelona and AC Milan player and his brother and business manager Roberto Assis.
