The Insolvency and Bankruptcy Board of India (IBBI) has lifted the restriction to allow the same insolvency professional for the resolution process of a company as well as its personal guarantor for a better harmonisation and effective coordination of both processes. The changes made to IBBI - Bankruptcy Process for Personal Guarantors to Corporate Debtors, Regulations, 2019 -- came into effect on January 31. IBBI has also amended the provision regarding the meetings of the Committee of Creditors to make them mandatory in insolvency matters about personal guarantors.
It bought Rs 410 crore of electoral bonds between financial years 2021-22 and 2023-24, but Reliance said the company is not a subsidiary of any Reliance entity.
Preliminary probe revealed that the jawan stumbled and fell which caused his automatic rifle to fire and he received two bullet injuries in his chest.
The wedding, which is billed as the India Inc's most expensive yet, was held at Antilla.
Reliance Industries Ltd's focus on the next hypergrowth opportunities in clean tech and its path to decarbonisation has the potential to spur re-rating, raises clarity on investment cycles and reduces investor worry, brokerages said. RIL chairman Mukesh Ambani at the company's 'Green AGM' on Thursday committed Rs 75,000 crore over the next three years to set up an integrated Green Energy Giga Complex across 5,000 acres in Jamnagar, Gujarat which will contain four giga factories. The complex, which would be one of the world's largest renewable manufacturing facilities, would have an integrated solar photovoltaic module factory, an energy storage battery factory, electrolyser manufacturing for hydrogen production, and manufacturing of fuel cells so that hydrogen can be used in transportation.
Qwik Supply, the third largest donor to political parities using electoral bonds, bought Rs 410 crore bonds between 2021-22 and 2023-24, and gave all but Rs 25 crore to the BJP.
Rasha Thadani will be seen in Abhishek Kapoor's movie which co-stars Ajay Devgn's nephew Aaman Devgan.
Their engagement party was held at Lake Como, Italy.
The three-day wedding that will take place in Mumbai will see over 1,000 guests.
If Pitroda's blunder cost him his office, what should the BJP's unrepentant attitude cost it?, asks Shyam G Menon.
Shah Rukh Khan, Deepika Padukone, Ranbir Kapoor and Alia Bhatt spent Saturday morning listening to Prime Minister Narendra D Modi when the PM traveled to Mumbai to address the 141st International Olympic Committee session at the Jio World Centre in north west Mumbai.
Opinion on likely cause of the death of Mansukh Hiren, who is said to be the owner of the vehicle with explosives found near industrialist Mukesh Ambani's residence in Mumbai last month, is reserved in his post-mortem report on Saturday, a Thane police official said.
Maharashtra Chief Minister Uddhav Thackeray on Monday said the National Investigation Agency taking over the case of a vehicle laden with explosives being found near industrialist Mukesh Ambani's residence in Mumbai suggests something was 'fishy'.
Hitesh Harisinghani/Rediff.com captures the red carpet arrivals at Mamma Mia's opening night at the NMACC.
Business tycoon Mukesh Ambani may have retained his title as India's richest person for 7th year in a row, but his place among the world's richest people has dropped to lowest in eight years.
Shiv Sena-Uddhav Balasaheb Thackeray president and former Maharashtra chief minister Uddhav Thackeray has been sent an invitation by speed post for the Ram temple consecration ceremony to be held in Ayodhya on Monday.
Besides the grand Ambani party, film folk also visited Shilpa Shetty and Raj Kundra's house for Ganpati darshan.
While about 8,000 people are in the long list of invitees, the select list features 506 A-listers, including prominent politicians, leading industrialists, top film stars, sportspersons, diplomats, judges and high priests.
The football legend shared the VIP box with movie stars and businesspeople.
Bride to-be Shloka Mehta dazzled in a Abu Jani-Sandeep Khosla ensemble.
National Investigative Agency on Wednesday confirmed that the person, seen in a CCTV grab walking near Reliance Industries chairperson Mukesh Ambani's residence on the night of February 25 when an explosive-laden vehicle was found, was Sachin Waze.
Shares of Mukesh Ambani-owned Reliance Industries Limited (RIL) rose nearly 1 per cent on Tuesday, hitting an intraday high of Rs 2,986.05 per share, after most brokerages reacted positively to the company's March quarter (Q4FY24) results. The bullish outlook stems from Reliance Jio's potential tariff hikes, given the competitive landscape, along with slow but steady improvement in the oil-to-chemical (O2C) vertical.
When Aamir Khan parties, he makes sure the entire film industry parties with him!
2019 was the Bharatiya Janata Party's breakout year, when it stretched the boundaries of what was thought possible and ended up with 303 seats on its own steam. Now it is forced to play defence, on a pitch queered by too many variables, asserts Prem Panicker.
Prime Minister Narendra Modi on Wednesday said the world looks at India as an important pillar of stability, a trusted friend, an engine of growth in the global economy, a technology hub for finding solutions and a powerhouse of talented youth. He also said that in the rapidly changing world order, India is moving forward as 'vishwa mitra' (friend of the world). Speaking at the inauguration of the 10th edition of the Vibrant Gujarat Global Summit, which saw participation of state hea
Mukesh and Nita Ambani's daughter Isha is set to tie the knot with Anand Piramal in a few days.
The fixed line broadband will offer "ultra high-definition entertainment on large screen TVs, multi-party video conferencing from your living room, voice-activated virtual assistants, virtual reality gaming, digital shopping, immersive experiences," Ambani said.
Isha is set to tie the knot with Anand Piramal this week.
Reliance Industries Ltd on Friday reported a 27 per cent jump in its September quarter net profit as earnings from the oil and gas business rebounded, and a pick-up in fashion and grocery helped boost retail revenues. The oil-to-retail-to-telecom conglomerate's consolidated net profit of Rs 17,394 crore, or Rs 25.71 per share, in July-September - the second quarter of the current 2023-24 fiscal - was 27.3 per cent higher than Rs 13,656 crore, or Rs 19.92 a share, earning a year back, the company said in a statement. The net profit was also higher quarter-on-quarter compared to Rs 16,011 crore earnings in the preceding three months ended June 30.
With the Adani and Jindal groups and Mukesh Ambani-owned Reliance Industries joining the race to buy Videocon Industries' (VIL's) assets, lenders are expecting aggressive bids for VIL's consumer durables and overseas oil assets, which are to be sold in separate auctions. The entire asset sale exercise is expected to be completed in the next six months, said a banker. A promoter entity of Naveen Jindal-owned Jindal Steel and Power has also evinced interest in the second round of bids for VIL's consumer durable business. The deadline to submit bids for VIL's assets ended on February 2.
The wedding ceremony witnessed members of Indian Premier League side Mumbai Indians in attendance.
Ambani said Reliance raised Rs 1.15 lakh crore from global tech investors by selling a little less than a quarter of the firm's digital arm, Jio Platforms Ltd, and another Rs 53,124.20 crore through a rights issue.
'This decision is made by us to embrace a transition phase with the new captain.' 'Let's set aside emotions.'
Mukesh Ambani, who is in talks with Saudi Arabian oil giant Aramco to sell one-fifth of his oil-to-chemicals business in India for $ 15 billion, said the two countries have all factors to drive growth - technology, young demography, and leadership.
How much do you know about the Vibrant Gujarat Global Summit 2024?
The groups plan to take on well-entrenched players like Amazon, Flipkart, and Paytm by merging their offline businesses with e-commerce initiatives.
Veteran actor Satinder Kumar Khosla, popularly known as Birbal, succumbed to a cardiac arrest on Tuesday, September 12. He was in his 80s.
Nita Ambani, the chairperson at Reliance Foundation and International Olympic Committee (IOC) member from India, hosted a gala dinner in honour of Thomas Bach, IOC president.
The gifts were in a bag that had a striking graphic image of the new temple and of Lord Ram in a very young avatar.
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