Barely six months before the Ashes, the England and Wales Cricket Board finds itself in a pay dispute with star players, including skipper Andrew Strauss, who are unhappy with the new central contracts tabled last October.
Experts say Future group will look for an out-of-court settlement with help from Reliance in the Amazon matter.
The British mobile phone operator was widely expected to go for an international arbitration after its talks with the Indian government failed to find a solution last year.
Byju's is in talks with three-four strategic buyers, including Joffre Capital Ltd and language learning platform Duolingo, to sell one of its key assets, US-based digital reading platform Epic, for about $400-$450 million, according to sources. With this, the beleaguered edtech firm wants to meet various commitments, including repaying its entire $1.2 billion term loan B (TLB) within six months. "The binding offers of the bidders to acquire Epic are expected to come in the next few weeks after the due diligence is complete," said a person familiar with the matter.
Heather Constructions has alleged that it was given a contract for construction of Rajiv Gandhi's statue and is yet to receive dues amounting to Rs. 3.5 crore.
Mobile phone manufacturer Oppo has lodged an appeal with the Supreme Court against an order from the Delhi high court. The order requires Oppo to submit a security payment related to the India portion of the last-paid licence fee to Nokia in an ongoing patent infringement case. The case is slated to appear before the bench of the Chief Justice of India, D Y Chandrachud, on August 4.
Sudan, which had in 2007 defaulted on payment of installments towards the cost of building 741-km pipeline from Khatroum to Port au Sudan, agreed to form a working group to resolve the issue within a month, sources said.
Nominations and addresses are of paramount importance in bank accounts, insurance policies, mutual funds, etc.
A Shiv Sena 'shakha' (area office) in Dombivali in Thane district, Maharashtra, which was at the centre of a dispute between the Uddhav Thackeray and Eknath Shinde factions of the party, has been taken over by functionaries of the latter after payment of pending dues to the landowner.
Maran had sought attachment of SpiceJet promoter Ajay Singh's shares by an administrator unless the payment was made.
Byju Raveendran, the founder and chief executive officer of the beleaguered edtech firm Byju's, said the company credited all pending January salaries to employees over the past few days. This was communicated to the employees in another letter sent on February 4. Byju's has about 15,000 employees. "I know you were told that you would get your salaries by Monday.
A bench headed by Justice Suresh Kumar Kait, while dealing with an appeal of the wife who withdrew her consent for mutual divorce after a settlement, observed that the idea of a no-fault-divorce is to make the parties realise that there was a sensible way of parting on the agreed terms.
Keen to settle the payment dispute involving elite tennis players at the earliest, the Sports Ministry on Saturday said it was willing to clear the dues even on receiving the minimum documentation from AITA.
While the Trump administration wants India to lower the trade barriers and embrace "fair and reciprocal" trade, India has raised tariffs on 28 items exported from the US in retaliation to America's withdrawal of preferential access for Indian products.
Byju Raveendran, founder of educational technology (edtech) firm Byju's, has injected around Rs 4,000 crore of personal capital into the company in recent months. This move comes as the company grapples with challenges, including securing fresh capital, delays in financial reporting, and legal disputes with lenders. "Raveendran has pledged personal property to assist the company in dealing with the crisis. "He conveyed to employees that despite perceptions of being a billionaire, he has reinvested a major portion of his wealth back into the company," said a person familiar with the matter.
The company moved the income-tax appellate tribunal and its appeal is pending there.
The Supreme Court had ruled in Vodafone's favour in 2012.
The Supreme Court says the 'whole exercise appears to be an eyewash'.
With no solution in sight to the payment dispute that has rocked Indian hockey, team sponsor Sahara on Wednesday sanctioned Rs one crore immediately, to be distributed only among the striking players in a bid to resolve the crisis.
India's revolting hockey players were served a 24-hour deadline to resume practice or face disciplinary action as the entire squad began an indefinite boycott of the World Cup preparatory camp over a payment dispute.
'If it got to a last-minute situation, I suspect that we would offer to provide good officers brokering between the parties, but there's six months between now and the Ashes'
Six decades and more later, we are now captives of our identities. Every poll is based on elaborate calculations of electability of candidates on the basis of their castes and other narrow definers. That, along with voter promiscuity, is what defines our political culture, which remains stubbornly resistant to any change, asserts Shreekant Sambrani.
Controversial Pakistan fast bowler Shoaib Akhtar has confirmed that he had payment disputes with the Indian Premier League team Kolkata Knight Riders, who are yet to clear his dues.
rediffGURU Ramalingam Kalirajan answers your personal finance queries.
To promote cashless transactions, the government had waived the Merchant Discount Rate on fuel purchase post demonetisation for consumers. But after the expiry of the 50-day window, the banks have decided to levy MDR on petrol pump owners.
The government's contention was that Sahara Airlines Ltd (now JetLite) was promoting the real estate and housing business and area operations of Sahara India Commercial Corporation.
British oil firm Cairn Energy Plc on Tuesday said it has identified Indian sovereign assets overseas, which it can seize in the event of New Delhi failing to return over USD 1.7 billion that an international arbitration tribunal has ordered after rescinding a retrospective tax demand.
In a bizarre incident, nearly 20 Pakistani cricketers including top names like Saeed Ajmal, Yasir Hameed and Imran Farhat have been left stranded in Uganda over payment dispute with a T20 league orgainser.
The development is expected to pave way for greater transfer pricing cooperation between the two countries, enhance investment flow
With investors asking for a change in the board structure at Byju's, the edtech giant's founder and chief executive officer (CEO), Byju Raveendran, is now asking them to put $300 million into the company for more control. The company has rung up $5.8 billion from investors such as General Atlantic, Sofina, the Qatar Investment Authority, Sumeru Ventures, Vitruvian Partners, BlackRock, Chan Zuckerberg Initiative, Sequoia, Silver Lake, Bond Capital, Tencent, and Tiger Global.
State-owned Gail India Ltd, which has been given the task to source fuel for restarting the Dabhol power project in Maharasthra, is talking to LNG suppliers in Qatar, Australia, Malaysia, Oman and UAE.
Board of Control for Cricket in India secretary Sanjay Patel has informed that the West Indies Cricket Board has sent "an apology letter" for the sudden cancellation of its India tour by their players after an internal payment dispute.
Reliance Industries may sell one-fourth of the 40 million standard cubic metres per day of natural gas production likely from its gigantic Krishna Godavari field off the Andhra coast to Dabhol Power project in Maharashtra after its revival.
The Union Cabinet on Wednesday approved changes to GST laws to levy a 28 per cent tax on the full face value of bets in online gaming, casinos and horse race clubs, sources said. The amendments to the Central GST (CGST) and Integrated GST (IGST) acts, which were approved by the GST Council last week, are likely to be introduced in the ongoing monsoon session of Parliament, which will end on August 11. The GST Council in its 51st meeting on August 2 recommended amendments to the Schedule III of the CGST Act, 2017, to provide clarity on the taxation of supplies in casinos, horse racing and online gaming.
Vodafone, according to sources, in its response to the Finance Ministry's offer for conciliation, had expressed keenness to settle the long-pending capital gains tax dispute.
Keep sufficient funds in your bank account until the cheque is cleared.
'Over 200 of Australia's most senior cricketers are unemployed as of the 1st of July'
The issue dates back many years when the actor and others proposed bringing Sony TV channel to India.
As part of its efforts to strengthen customer protection, Reserve Bank is considering setting up a fraud registry to create a database of fraudulent websites, phones and various modus operandi used for digital fraud. Such a database will help prevent these fraudsters from repeating the fraud as the websites or phone numbers would be blacklisted, RBI executive director Anil Kumar Sharma said on Monday. "There is no definite timeline for setting up of the fraud registry.
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