Mauritius-based Hinduja group firm IndusInd International Holdings (IIHL) has informed the administrator of Reliance Capital that it is ready with its equity contribution of Rs 2,750 crore in cash to acquire the bankrupt firm, but it wants certain conditions to be met in accordance with the resolution plan before transferring the amount. IIHL has also filed an application with the Mumbai Bench of the National Company Law Tribunal (NCLT), seeking directions for the administrator and the committee of creditors (CoC) to complete all pending activities to close the transaction and not let the lenders invoke the bank guarantees provided by the firm earlier.
With most of the top Indian players already in one team or the other, out-of-favour national players Mayank Agarwal and Manish Pandey at Rs 1 crore base price will command a fair bit of bidding.
India batter Shreyas Iyer, spinner Yuzvendra Chahal along with Australian dasher David Warner are expected to be the top draws as over 1,200 players registered themselves for the Indian Premier League mega auction scheduled for next month.
Eying benefits from digital banking, lenders are now looking at building Unified Recovery Interface (URI) for enhancing efficiency, reducing costs, and getting good prices for properties of defaulters. This would be managed by PSB Alliance Ltd, a company set up by all public sector banks in the country. M V Rao, chairman, Indian Banks' Association (IBA), said: "Till now we had Unified Payments Interface (UPI), a product developed by National Payments Corporation Ltd (NPCI).
'A rigid or overly broad interpretation could lead to a chilling effect on investments and growth in sectors traditionally driven by private initiative.' 'Entrepreneurs may fear that their assets could be arbitrarily appropriated by the State under the guise of serving the 'common good' without sufficient legal safeguards.' 'The judgment thus supports a more nuanced view, one that balances individual property rights with public welfare objectives.'
Diego Maradona passed away on November 25, 2020. He was 60 when he breathed his last.
The Supreme Court Registry is learnt to have refused to accept the Centre's plea seeking modification of its 2012 verdict in the 2G spectrum case which had said the State was duty bound to adopt the auction route while transferring or alienating the country's natural resources.
Shashank Singh played a fiery innings to help Punjab Kings snatch victory from the jaws of defeat against Gujarat Titans.
The members who were present at the 93rd BCCI Annual General Meeting (AGM) in Bengaluru on Sunday requested incumbent secretary Jay Shah to speed up the process of finding his successor to keep the transition of power as smooth as possible.
The expectations of a borrowing cut by the government faded among bond-market participants after the general election results because they feel the compulsions of running a coalition may put pressure on the exchequer, according to dealers. The recent trend of moderate depreciation in the rupee's nominal effective exchange rate (NEER) might not persist if there are significant changes to the structural reform agenda.
What makes these players such hot properties at the IPL Players Auction?
The Brazilian, the only player to claim three World Cup winner's medals and a man often called the greatest footballer of all time, said all monies raised will help Brazil's fight against and recovery from the COVID-19 pandemic.
Samit Dravid, son of former India head coach and captain Rahul Dravid, was on Thursday roped in by Mysuru Warriors during the player auction
Ayush Badoni, who hit a record 19 sixes, believes his ability to time the ball is the reason behind a record-smashing 55-ball 165 runs effort in the Delhi Premier League match against North Delhi Strikers.
Mauritius-based IndusInd International Holdings and other Hinduja group entities are expected to make payments worth Rs 9,661 crore for the acquisition of bankrupt Reliance Capital (RCap) only after getting all the legal and regulatory clearances, including from the Supreme Court, thus delaying the closure of the transaction. A source close to the development said that according to the National Company Law Tribunal (NCLT) order dated February 27, the payment for the acquisition was to be made within 90 days from the NCLT's approval of the resolution plan and after receiving all legal and regulatory clearances.
'It has changed the political character of India by ejecting socialism as an ideology from the Constitution of India.'
The government is looking at a time frame within the first two weeks of July to kick off and complete the upcoming 5G auctions, according to discussions between officials and stakeholders. It is expected that the Telecom Regulatory Authority of India (TRAI) will give its recommendations on the base price by March, after which the necessary cabinet clearances will be given. The Department of Telecommunications (DoT) had earlier looked at undertaking the auction in the first quarter of 2022 but decided to push it back. Communications Minister Ashwini Vaishnaw had also said that the auctions are likely to take place in April-May.
Unlike in previous years when the under-19 players were in focus and even got lucrative offers, this time the franchises were rather subdued when it came to locking in the junior stars as evidently, it takes time for them to be mature enough for top-flight cricket.
The 20-times Grand Slam champion is putting various items under the hammer in two sales in June and July at Christie's to raise money for his foundation.
State-owned mining giant, Coal India, is hoping to recover around 75-80 per cent of its liabilities from customers with whom it has long-term fuel supply agreements (FSAs) after the Supreme Court (SC) allowed states to recover dues retrospectively. A legal recourse, however, is underway. "We are impacted in two states - Jharkhand and Odisha.
According to Jio, spectrum worth Rs 3.92 lakh crore is lying unused with the DoT for auction.
The liquidity in the banking system moved into surplus almost after three months as the Reserve Bank of India (RBI) absorbed over Rs 40,000 crore from the market on Monday, predominantly on the back of increased government spending. However, this situation may be short-lived given the higher demand for funds to pay taxes and year-end targets, treasury executives said. Meanwhile, two variable reverse repo rate (VRRR) auctions held on Tuesday received weak response.
Fresh from his exploits in India's first-ever title-winning campaign at the Chess Olympiad, Grandmaster Vidit Gujrathi has decided against defending his crown at the 10th Vugar Gashimov Memorial Chess Super Tournament in Azerbaijan for an audience with Prime Minister Narendra Modi here on Wednesday.
Recipients of these damaged mementos have been given the option to either seek a refund of their bid amount or get a replacement for these broken items.
Delhi Capitals will look to find back-up players during Thursday's mini-auction in order to build a suitable bench-strength going into the upcoming 14th edition of Indian Premier League, said assistant coach Mohammed Kaif.
The auction for the 5G spectrum is likely to take place around April-May next year, Communications Minister Ashwini Vaishnaw said on Thursday. While relief measures announced in September this year for telecom operators marked the first set of reforms, the government will bring out a series of further reforms and "telecom regulatory structure should change in coming 2-3 years", Vaishnaw said. Speaking at the 'Times Now Summit 2021', the minister said India's telecom sector regulation has to be benchmarked with the global best, and added that "so, we will come with a series of reforms in this, such that the global benchmark of regulations is achieved in India".
Modi highlighted the role of sports in fostering bilateral relations and cultural exchange between India and Poland.
In fact, the ICC on Friday, sent out multiple clarifications to the interested parties on the bidding process that will be held in August for the cycle starting 2024.
Rohit Sharma is the "master of his own destiny" and Mumbai Indians head coach Mark Boucher isn't exactly aware about the franchise's most successful former skipper's plans ahead of the mega auctions for the next edition of the IPL.
Neeraj Chopra's Tokyo Olympics javelin and Lovlina Borgohain's boxing gloves hogged the limelight on day two of the third edition of the e-auction of gifts presented to Prime Minister Narendra Modi on Saturday.
Sanjiv Goenka said they are yet to arrive at a decision and are waiting for the BCCI to release the rules regarding retention.
On Monday, Attorney General R Venkataramani, appearing for the Centre, mentioned an interim application before a bench of Chief Justice D Y Chandrachud and Justice J B Pardiwala.
Known for his explosive batting in the middle order, his quick glove work behind the stumps, and most recently his exceptional work as a commentator, DK's transition into the LLC marks a new chapter in his career
Rohit was spotted having a deep conversation with members of the KKR franchise in their dressing room.
Amid the low stock position at the electricity generating plants, state-owned CIL has asked its subsidiaries to refrain from conducting any further e-auction of coal, except special forward e-auction for the power sector, till the situation stabilises. The development assumes significance as the supply of coal is being prioritised to the power sector to replenish the dwindling stock in the wake of reports of an electricity crisis looming large. "In view of the current low stock position at the powerhouse end, supply of coal is being prioritised to the power sector to replenish the dwindling stock...coal companies are advised to refrain from conducting of any further e-auctions of coal with the exception of special forward e-auction for the power sector, till the situation stabilises," Coal India said in a recent letter to its arms, including Eastern Coalfields Ltd (ECL), Bharat Coking Coal Ltd (BCCL), Central Coalfields Ltd (CCL).
Jahnavi Mehta. Kaviya Maran. Preity Zinta.
The auction will also feature works of M F Husain, as well as early works by masters Tyeb Mehta and Francis Newton Souza.
Ishan Kishan's Rs 15.25 crore winning bid from Mumbai Indians bettered the Rs 14 crore figure that Chennai Super Kings paid to retain Deepak Chahar.
Forest and tribal rights activist Alok Shukla will on Friday receive the prestigious Goldman Environmental Prize -- 2024 for successfully leading a community campaign that saved 4.45 lakh acres of biodiversity-rich forests from 21 planned coal mines in Chhattisgarh.
Chennai Super Kings CEO Kasi Viswanathan said he is 'very, very hopeful' of former skipper Mahendra Singh Dhoni participating in IPL 2025 as a player.
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