Future Retail's independent directors had last week asked Amazon if it was willing to give a long-term loan to avoid default on repayment of Rs 3,500 crore loan due on January 29. Amazon replied to that saying it was willing to financially assist Future Retail through the Samara Capital deal but the retailer must shelve Rs 24,713 crore deal with the Reliance group.
With the Jaypee acquisition, the Suraksha group, which made lenders an offer of Rs 7,736 crore, will be able to expand its footprint in north India after making inroads in Mumbai's real estate market over the past year. Sudhir Valia, the promoter, was a co-founder and executive director of India's biggest pharmaceutical firm, Sun Pharmaceuticals, and is a close relative of Dilip Shanghvi.
The International Chamber of Commerce's arbitration body International Court of Arbitration has ruled in our favour in the Antrix-Devas arbitration case and Antrix is liable to pay damages totalling $672 million to it, Devas said on Tuesday.
News of all that transpired on and off the football field
SYL has been a contentious issue between the two states with the Punjab portion of the canal still incomplete.
NCLT in its judgement said: "The removal of Cyrus Mistry as executive chairperson was because the board lost confidence and not because they were contemplating that he would cause discomfort to Ratan Tata, N Soonawala and others.' "The Board is competent to remove an executive chairman. Mr Mistry's removal from the position of director came because he admittedly sent out company information to the I-T (department), press, and came out in public against the board and the trust."
Jawid said he also did not get compensation of Rs 10 lakh announced by the Centre as the DNA samples between Shabbir and his family did not match.
Ruchi Soya was admitted to the corporate insolvency resolution process (CIRP) in December 2017 and owes lenders Rs 12,000 crore.
'That would once and for all teach all the film-makers of this country a fitting lesson!'
Batsman Umar Akmal was handed a three-year ban by the Pakistan Cricket Board (PCB) on Monday after he failed to report corrupt approaches, prompting Raja and Zimbabwean cricketer-turned-commentator Mpumelelo Mbangwa to have a discussion on match-fixing on social media.
Former Australian judge Michael McHugh, who was appointed by Supreme Court to adjudicate on Reliance Industries' KG-D6 dispute, had slammed the government interpretation of his statements before quitting the tribunal.
The contract was cancelled two weeks ago due to the delay in the delivery of the vessels, sources said. The contract to build five warships was signed with the company in 2011, much before the Reliance Group took over the Gujarat-based shipyard from its erstwhile owner Nikhil Gandhi.
Art of Living founder Sri Sri Ravi Shankar, whose on Saturday once again sounded defiant, saying he will not pay any fine or penalty.
However, the NGT expressed its displeasure over the spiritual guru's statement that he 'will go to prison but not pay the fine' and said such a statement was not expected from a person with such high stature.
'Sometimes we use political pressure and sometimes political acumen to get what we want.'
At least 15 miners were trapped in the 370 foot-deep illegal coal mine in Lumthari village of East Jaintia Hills district since December 13 and all efforts to pump the water out of flooded mine have been in vain.
The Supreme Court in its order said it was not open for SP group companies to call Ratan Tata a "shadow director" when the board of which Cyrus Mistry was chairman had nominated him as chairman emeritus of the USD 100 billion salt-to-software Tata group.
In an open letter to Zee's shareholders, Invesco, which holds a 7.74 per cent stake in the firm, reiterated its demand for an overhaul of the media group's board and that it would pursue extraordinary general meeting (EGM) to oust chief executive Punit Goenka and two other directors. Last month, Sony Group Corp's India unit signed a non-binding offer to buy Zee.
This is the first time the Pakistan army has publicly backed the arrest of India-focused jihadis.
The Supreme Court has dismissed a batch of pleas seeking review of its 2018 verdict upholding the Centre's flagship Aadhaar scheme as constitutionally valid but striking down some of its provisions, including its linking with bank accounts, mobile phones and school admissions.
AC Milan striker Mario Balotelli has been given a three-match ban for his sending-off at the end of Sunday's 2-1 home defeat by Napoli, the Italian league said in a statement on Monday.
The court asked NBCC to "stay its hands" till July 2 .
16 Indians were missing after the incident that happened at Seela Ceramic Factory in Bahri area in Khartoum, the national capital, on Tuesday.
Khan's government will be the third consecutive democratic government in Pakistan since 2008.
The Supreme Court had ruled in Vodafone's favour in 2012.
Bangladesh's fundamentalist Jamaat-e-Islami chief Motiur Rahman Nizami was on Wednesday sentenced to death by a special tribunal for his role in the killing of thousands of people during the nation's independence war against Pakistan in 1971.
The bandh has been called by pro-Kannada and farmers' organisations, protesting the Mahadayi Water Dispute Tribunal's interim order rejecting the state's petition seeking 7.56 tmcft for drinking water projects.
New Zealand batsman Jesse Ryder has been suspended for six months for failing a doping test for banned stimulants he claimed he took in a supplement to help him lose weight, the country's top sports tribunal said on Tuesday.
'The CAA should be kept in abeyance, without making it a prestige issue.'
'Laying down a clear policy on the future of illegal migrants will dispel anxieties and help in implementing the CAA, NPR and also the NCR,' suggests former Union home secretary Dr Madhav Godbole.
Ending weeks of speculation, Prime Minister Nawaz Sharif on Wednesday appointed Lt Gen Raheel Sharif as Pakistan's new army chief and Lt Gen Rashid Mehmood as the chairman joint chiefs of staff committee.
An Indian woman employee at the London office of IT major Wipro has filed a 1 million pounds compensation case of sexual discrimination.
The Supreme Court on Wednesday suspended all court proceedings in India relating to the trial of two Italian marines in connection with the 2012 killing of two fishermen off Kerala coast.
The Supreme Court on Tuesday granted 10-year time to telecom firms like Vodafone Idea, Bharti Airtel and Tata Teleservices for paying the Adjusted Gross Revenue (AGR)-related dues to the department of telecommunications with certain conditions.
Chirag Paswan says his party's support to BJP is issue-based.
In a setback for China, an international arbitration court ruled that it has jurisdiction to hear some territorial claims the Philippines has filed against it over disputed areas in the South China Sea, a ruling rejected by China as null and void.
There cannot be a complete ban on firecrackers and the mechanism to stop their misuse has to be strengthened, the Supreme Court said on Monday setting aside the Calcutta High Court order banning firecrackers during Kali Puja, Diwali and other festivals this year to check air pollution amid the COVID-19 pandemic.
Unitech alleged that the takeover of the management of the company by the Centre would make it difficult for them to deposit Rs 750 crore as directed by the apex court to safeguard the interests of homebuyers.
The International Tennis Federation (ITF) has expressed its disappointment at the Court of Arbitration for Sport (CAS) decision to clear French player Richard Gasquet of doping after he tested positive for cocaine.
Due to the continuous activity of the protesters, the site has virtually become hell for the residents, the Tribunal said.
