Debt-ridden Future Group is now focusing on saving and rebuilding firms such as -- Future Lifestyle Fashions, Future Supply Chain Solutions, Future Consumer and Future Enterprises, after the Rs 24,713-crore deal with Reliance Retail was rejected by secured creditors, according to industry sources. However, Future Group's flagship firm Future Retail Ltd (FRL), which has nearly Rs 18,000 crore debt, is bound to face the corporate insolvency resolution process before the National Company Law Tribunal (NCLT). Other companies like Future Enterprises Ltd (FEL), Future Lifestyle Fashions Ltd (FLFL), Future Supply Chain Solutions Ltd (FSCSL), Future Consumer Ltd (FCL) can sustain on their own and can be rebuilt by restructuring their liabilities with the help of current lenders and investors, said an industry source close to the Future Group.
Tata Steel was the top gainer among the Sensex constituents, surging around 6 per cent, followed by SBI, HDFC Bank, Bajaj Finance, Axis Bank, LT, Maruti, IndusInd Bank and HDFC. NSE Nifty touched a fresh intra-day high of 12,934.05.
'We didn't know where the story was going. But I knew I was telling the story of an extremely lonely journalist.'
Talks will ensure the rise of Islamism in Kashmir and the death of the Idea of India, warns Vivek Gumaste.
The Board of Control for Cricket in India has taken a serious view of Virat Kohli's foul-mouthed tirade against an Indian journalist at the ongoing World Cup and asked him to refrain from "any such behaviour in the future".
Petrol and diesel price hikes are likely to resume after state elections get over next week to bridge the Rs 9 a litre gap created by international oil prices soaring past $100 a barrel. International crude oil prices shot above $110 a barrel for the first time since mid-2014 on fears that oil and gas supplies from energy giant Russia could be disrupted, either by the conflict in Ukraine or retaliatory western sanctions. The basket of crude oil India buys rose above $102 per barrel on March 1, the highest since August 2014, according to information from the Petroleum Planning and Analysis Cell (PPAC) of the oil ministry.
172 firms participated in the final placement process.
Propagating the prime minister's messages doesn't come cheap, reveals an RTI response. The one-year anniversary message, for instance, cost Rs 8.3 crore, reports Prasanna D Zore.
India discard Gautam Gambhir is training in Perth under former Australia Test batsman Justin Langer to revive his international career, fine-tuning skills that made him the world's number one Test batsman in 2009.
Prime Minister Narendra Modi on Friday handed over to the armed forces indigenously-developed light combat helicopters, unmanned aerial vehicles and electronic warfare systems for the warships, in reflection of India's focus to boost its domestic defence industry.
'I am not the Manas Deka who attacked Kanhaiya,' says the BJP activist who shares the same name with the man who allegedly tried to 'strangle' the JNUSU leader.
The Tata group companies are now more valuable than all the listed central public sector undertakings (CPSUs) or companies in the country. The key 20 listed Tata companies ended the 2021 calendar year with a combined market capitalisation of Rs 23.36 trillion, ahead of the 70 listed CPSUs, which had a combined m-cap of Rs 23.2 trillion. In comparison, these CPSUs had a combined market capitalisation of Rs 16.7 trillion at the end of December 2020 against the Tata group firms' combined m-cap of Rs 15.7 trillion.
'It won't be easy to undo the damage that has been done to the economy by the lockdown and the solution will not come from two minute presentations,' observes Aakar Patel.
Arun Jaitley presented the Union Budget in Parliament on Saturday.
A member of the 1983 cricket World Cup-winning squad, Azad was suspended from the Bharatiya Janata Party for openly targeting the then Union Finance Minister Arun Jaitley over alleged irregularities and corruption in the Delhi and District Cricket Association in December 2015. He joined the Congress in 2018.
The stand by China spelt out by its foreign ministry insisting that it takes the 1959 line on perception of the LAC amid a nearly five-month-long border standoff in eastern Ladakh triggered a strong reaction from India.
Joginder Tuteja looks at the numerous times Mr Bachchan has played an older man.
Maharashtra Chief Minister Devendra Fadnavis on Saturday exuded confidence that an agreement with the Shiv Sena would soon be reached, even as he said that his party has neither accepted nor denied the "unilateral" support extended by the Nationalist Congress Party.
'Beef-eating is the new media frenzy that is being orchestrated to wrongly implicate the BJP government and is reminiscent of the false anti-Christian acts highlighted by the media when the BJP first came to power in 1996,' says Vivek Gumaste.
A look at Bollywood stars and their popular screen names!
'At Ramjas too, slogans for Kashmir's azaadi were heard. We won't let DU become JNU.'
Old timers in Oil and Natural Gas Corporation (ONGC) still remember how in early 2000 its overseas subsidiary, ONGC Videsh Ltd (OVL), was on the verge of closure. Though OVL was set up in 1965, the only discovery the company had made till then was in Vietnam offshore, with more investment needed to monetise it. In 2001, when OVL started looking for new blocks abroad, the company's previous acquisition was 13 years old.
Since 2016, Sebi has made many rules to prevent unauthorised trading by stockbrokers. Yet, one comes across dozens of cases of blatant overtrading in client accounts, every year, leading to massive losses to investors, observes Debashis Basu.
Fashion icons and celebs glam it up at the HT Style Awards.
We have not suffered such huge price shocks across so many basic commodities, at the same time, in decades. Has the inflationary impact of all this been factored into stock prices as yet, asks Debashis Basu.
'You will see more laws that treat Hindus and non-Hindus, especially Muslims, quite unequally.' 'Once you see this kind of erosion of secularism, it will be very hard to get it back.'
Equity indices gave up early gains to close in the red for the third session on the trot on Wednesday, weighed by selling in banking and finance counters amid inflationary pressures and persistent foreign fund outflows. A weak rupee and lacklustre global cues also kept buying sentiment in check, traders said. The 30-share BSE Sensex opened on a firm footing but failed to hold on the momentum, finishing 237.44 points or 0.41 per cent lower at 58,338.93. On similar lines, the broader NSE Nifty dipped 54.65 points or 0.31 per cent to close at 17,475.65.
According to media reports, 56 people -- mostly farm labourers working in the fields -- died in Bihar while 44 people were killed across Uttar Pradesh, Jharkand and Madhya Pradesh.
'If your oxygen saturation is okay and is maintained after the six-minute walk test -- which has been described all over the world -- and you do not have an unrelenting fever, then you can even be managed at home.'
Chennai is one of the cities where works have been completed for almost 62 per cent of the money lined up -- Rs 599 crore of the Rs 959 crore has been utilised so far. Despite this, there was no respite for the people in the city this time either, with North Chennai being the worst affected.
'More needs to be done in less time,' says Vivek Gumaste. 'A sense of urgency is crucial if the BJP wishes to fulfil its promise of tough, no-nonsense, governance in matters of security.'
The WWE says that India is its biggest market globally in terms of television viewership -- around 350 million unique viewers annually -- social media engagement and YouTube consumption, even claiming that it is the second-most watched sport in the country behind cricket.
'Some reckon his bitterness results from wanting to stay relevant despite a waning career.'
The Marylebone Cricket Club's World Cricket Committee said they are not in favour of cricket legend Sachin Tendulkar's suggestion of experimenting with two pitches in domestic cricket to aid in preparing the Indian team for overseas Test matches.
The lockdown should have been used to drum into Indians' head the reasons for social distancing and the necessity for it, and the costs of not applying it in our daily lives and it should have been used to set up the systems that would manage large numbers of infected, observes Mihir S Sharma.
CNG price in the national capital and adjoining cities on Tuesday was hiked by Rs 0.50 per kg, while an imminent increase in petrol and diesel price has been put on wait-and-watch mode for more clarity on global oil prices. CNG price in NCT of Delhi has been increased to Rs 57.51 per kg from Rs 56.51, according to the information posted on the website of Indraprastha Gas Ltd - the firm which retails CNG and piped cooking gas in the national capital. Following the firming up of international gas rates, IGL has been raising CNG rates by up to 50 paise (Rs 0.50) per kg periodically. Prices have gone up by about Rs 4 per kg this year alone.
Prime Minister Narendra Modi has blamed private sector of still being stuck with "legacy issues" like tax terrorism and selective exemption.
'Our modern icons have assumed infallibility and think course correction or admission of a mistake as taboo.' 'Much will depend on the sagacity of the national leadership to show humility that our Gods showed.' 'Else, we are doomed in the coming year to divert our attention to firefighting rather than the task of nation building,' warns Colonel Anil A Athale (retd).
Bhuj: The Pride of India: Pearl Harbour on a dollar store budget, notes Sukanya Verma.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
