Future Retail, once the crown jewel of Kishore Biyani-led Future Group, is now heading for liquidation as its lenders could not get any reasonable buyer of the debt-ridden firm. As the Committee of Creditors (CoC) rejected the sole resolution plan submitted by Space Mantra after four extensions in the deadline to complete the corporate insolvency resolution process (CIRP), the RP of the company has now approached NCLT to initiate liquidation of Future Retail (FRL). "The resolution plan submitted by Space Mantra Private has not been approved by CoC of FRL, kindly note that, the Resolution Professional (RP) has filed an application, before the National Company Law Tribunal, Mumbai Bench, for initiation of liquidation of FRL," said a regulatory filing from FRL.
Disha attends a fashion show... Huma takes a selfie... Prajakta goes to San Francisco...
More than half a dozen companies will hit the market with their initial public offerings (IPOs) between now and the end of next week. The cumulative amount raised from these IPOs is expected to be around Rs 8,000 crore. Stationery products firm DOMS Industries and home financier India Shelter Finance's IPOs - of Rs 1,200 crore each - got off to a flying start on Wednesday (December 13), with the former garnering over six times the subscription and the latter getting 1.5 times subscribed.
The IPO boom in 2023 added four new promoters to the billionaires' list.
Manjummel Boys is a largely conventional, commercial movie. But given the rather curvy observations that do stay intact in the film, Rohit Sathish is tempted to think what an even braver, more ambitious film would have done.
In Dubai, A Ganesh Nadar encountered high speeds on smooth-as-silk-roads, no bureaucracy, gold, Mr Toad's. And snow!
Dress to show your best features.
100 years of Dev Anand and 10 scenes etched in our memory!
Benzema was Al-Ittihad's first signing since winning the league title for the first time since 2009 with compatriot Kante expected to join him
'She has lived through a lot,' close friend Asha Parekh revealed to Subhash K Jha.
Historians and conservation architects describe the old edifice as a "repository of India's history" and its "democratic ethos", and an "architectural jewel" of Delhi.
She has a huge fashion appetite for saris and ethnic garb.
Prime Minister Narendra Modi called Salim Durani, who passed away on Sunday, an institution in himself who contributed immensely to India's rise in the world of cricket.
'There are multiple ups and downs.' 'You should be able to withstand all that.' 'You need to have the temperament to run a marathon.'
With the Nifty50 surging past the 20,000 mark, the markets are experiencing a spate of initial public offerings (IPOs) with four issues set to raise over Rs 4,673 crore this week. Another quartet, cumulatively worth Rs 3,000 crore, is expected to launch next week. Companies like RR Kabel, SAMHI Hotels, Zaggle Prepaid Ocean Services, and Yatra Online are set to hit the primary market this week, while Signature Global, Updater Services, Sai Silks (Kalamandir), and Vaibhav Jewellers are slated for next week. This flurry of activity is driven by multiple factors including buoyant market conditions, increased demand for IPOs, and specific rule on the disclosure of quarterly financials.
The Australian team spoke about the challenges of playing in India.
Hint: She calls Isha her 'favourite partner in life and crime.'
Investors may take a 5 to 10 per cent exposure to silver. 'Have a long-term investment horizon when investing in silver ETFs to ride out short-term market fluctuations.'
Looking for style tips to dazzle in on Ganesh Chaturthi this year? Read on and learn from the best:
'The othering of religious groups inevitably leads to violence.' 'It is sadly a narrative that has echoed through the centuries since man first discovered God.'
A round-up of the week's interestingly dressed celebs. Some of their finery left us spell-bound.
Taaza khabar! Several new members inducted into the Week's Best Dressed Club.
Want to buy the Millionaire Speedy? Well, you probably can't, because it's MTO -- meaning 'made-to-order' and is specifically for extraordinarily special VIP LV clients, says Sandeep Goyal.
There is no simple road map to gaining style. But her route glows.
Made of silver with a coat of gold, the historical sceptre will be installed near the chair of the Lok Sabha Speaker on May 28, the same day the new Parliament building will be dedicated to the nation by Prime Minister Narendra Modi.
Musheer Khan smashed his second century of the ICC Under-19 World Cup as India thrashed New Zealand by 214 runs.
A legal tussle is currently on between a civil society group led by a professor, ostensibly working to further public interest, on the one hand, and the state government and an influential but controversial real estate developer, on the other. The dispute, which is over the way in which the Rajasthan government is seeking to re-develop Jaipur's historic Mansagar lake and its environs, is expected to be resolved soon by the Supreme Court.
With clean blue waters and golden-white sands, these super beaches have a magic that is hard to keep away from.
This is one of the biggest burglaries reported in the national capital.
The best celeb fashion outings this week.
How many of these styles would you like to copy?
'Considering Pai is putting his own personal money in Byju's, stakeholders in the company can look forward to more governance and transparency.'
While social media has been agog about Emma's necklace, Maharaja Bhupinder Singh's grandson Captain Amarinder Singh (retd), the former Punjab chief minister, hasn't said anything yet.
No form or requisition slip is required for exchange of Rs 2,000 notes up to a limit of Rs 20,000 at a time as part of exercise to withdraw high-value currency notes from circulation. RBI on Friday in a surprise move announced withdrawal of Rs 2,000 currency notes from circulation but gave public time till September 30 to either deposit such notes in accounts or exchange them at banks. Unlike the November 2016 shock of demonetisation, when old Rs 500 and Rs 1,000 notes were invalidated overnight, the Rs 2,000 notes will continue to be a legal tender.
The government on Tuesday said it is fully prepared to implement mandatory hallmarking of gold jewellery and artefacts from June 1, 2021. Gold hallmarking is a purity certification of the precious metal and is voluntary in nature at present. The Centre, in November 2019, had announced that hallmarking of gold jewellery and artefacts would be made mandatory across the country from January 15, 2021.
All the celeb inspiration you need for Diwali.
