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Thursday, January 27, 2022
Delhi hc, Amazon, futuregroup, future retail, India news, Indian express, Indian express news, current affairs

Delhi HC dismisses Future plea to terminate Amazon arbitration

January 5, 2022 10:19:51 am

Justice Amit Bansal in his order said “no grounds are made out for interference in the present petitions” and the arbitrators have far greater flexibility in adopting procedure to conduct the arbitration proceedings as compared to a civil court."

Hero shuts plants amid surge, first such action by big firm

Munjal vs Munjal: What is the legal tiff among ‘Hero’ promoters about?

January 5, 2022 10:16:24 am

Hero Electric has contended before the Delhi High Court that when the extended Munjal families decided to go their separate ways in 2010, the father-son duo of Vijay and Naveen Munjal were given the ownership of Hero Electric.

UPSC, UPSC Mains exam, Delhi High Court

Delhi HC dismisses Future Group’s plea for termination of Amazon arbitration

January 4, 2022 5:40:26 pm

"Both the petitions are dismissed," said Justice Amit Bansal, who had reserved the order on the petitions filed by Future Coupons Private Limited (FCPL) and Future Retail Limited (FRL) on January 3.

reliance industries, ril

Moody’s assigns Baa2 rating to RIL’s $5 billion bonds issue

January 4, 2022 11:09:19 am

Reliance last week said it will raise as much as USD 5 billion in foreign currency denominated bonds and use the proceeds to retire existing borrowings.

Future Retail asks court to declare arbitration with Amazon illegal

January 3, 2022 1:57:45 pm

In the latest Future Retail filing in New Delhi, the company argues that since the 2019 deal no longer has antitrust approval, it has "no legal existence" in India and Amazon can no longer assert any of its rights.

D-Mart’s Q3 revenue up 22% at Rs 9,065 crore

January 3, 2022 12:49:09 pm

The company had revenue from operations of Rs 7,432.69 crore in the October-December quarter a year ago, Avenue Supermarts informed BSE in a regulatory filing.

CCI orders antitrust probe into Apple over App Store curbs

January 1, 2022 7:27:10 am

Apple charges a commission of up to 30 per cent on all payments made through its in-app purchase system.

Tamil Nadu, Tamil Nadu news, Foxconn, Chennai, Chennai news, Business news, Indian Express

Improve amenities for staff: Tamil Nadu tells Foxconn

December 26, 2021 6:15:01 am

🔴 A TN government statement issued in this regard said Foxconn assured that it will urge their contractors to provide quality food for all its 15,000 employees.

Lavasa Corporation, Darwin Platform, Lavasa Hill City project, Hindustan Construction Company HCC, NCLT National Company Law Tribunal, business news, indian express

Darwin Platform wins Lavasa city bid for Rs 1,814 crore

December 25, 2021 4:42:27 am

🔴 Lavasa Hill City project was planned by Hindustan Construction Company (HCC) in 2000. It was admitted for insolvency by the National Company Law Tribunal in August 2018.

Neelachal Ispat Nigam Limited NINL, disinvestment, company disinvestment, Industrial Promotion and Investment Corporation of Odisha and Odisha Mining Corporation, business news, Indian express, current affairs

NINL privatisation: Financial bids received

December 24, 2021 3:31:34 am

🔴 The Centre is planning to divest 93.7 per cent stake held by four central public sector enterprises and two Odisha government companies. CPSEs MMTC and NMDC own 49.78%,, and 10.10% in NINL, respectively.

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HSBC to buy L&T Mutual Fund for around Rs 3,200 crore

December 24, 2021 3:11:28 am

🔴 Both the companies have entered into a definitive agreement whereby HSBC AMC will acquire 100 per cent equity shares of L&T Investment Management Ltd, a wholly owned subsidiary of L&T Finance Holdings.

Amazon sues ED in latest twist of Future Group battle

December 23, 2021 2:26:49 pm

In an 816-page filing, seen by Reuters, Amazon calls the investigation a "fishing and roving" inquiry, saying the ED had sought privileged legal advice and opinions from Amazon and other information not connected to the Future Group deal.

ZEEL, Sony seal deal to merge

December 23, 2021 12:20:47 am

The combined entity, nearly 51% owned by Sony Pictures Networks India (SPNI), will own popular channels such as Sony MAX and Zee TV, along with streaming platforms ZEE5 and SonyLIV, as part of the deal.

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Kia unveils three-row MPV Carens in India: Features, specs and more details

December 16, 2021 4:12:59 pm

The new Kia Carens is the fourth offering by the South Korean automaker in the Indian car market.

Tata doubles down on beauty business as startups blaze the trail

December 15, 2021 6:16:20 pm

Beauty products will be “a key focus for us” from now on along with footwear and underwear, Noel Tata, non-executive chairman of Trent Ltd., a Tata Group unit operating a chain of retail stores, said in an interview at his office in Mumbai.

Manish Maheshwari Ghaziabad video Supreme Court twitter case

Former Twitter India head Manish Maheshwari quits co to join education venture

December 15, 2021 1:42:03 pm

Maheshwari, who had been transferred to the US in August this year, shared the development on a tweet.

Elon Musk says Tesla will accept dogecoin for merchandise

December 14, 2021 4:46:50 pm

Dogecoin jumped 24% to $0.195 following the news.

mukesh ambani

Mukesh Ambani looking to buy bankrupt textile firm Sintext Industries

December 14, 2021 12:03:28 pm

The move by Ambani, whose companies this year purchased intellectual property rights to use the iconic Lee Cooper brand in India and stakes in high-end fashion brands run by stylists to some of Bollywood’s biggest stars, is only the second time Reliance has shown interest in an insolvent company.

Shut down Pegasus, sell entire company: Stressed Israeli company NSO weighing its options, says report

December 15, 2021 5:12:20 am

🔴 The shutting down of the Pegasus unit could decrease the value of NSO as a company as the unit accounts for “about half of NSO’s revenue”, the report said.

Three Shriram group companies to merge

December 14, 2021 1:32:59 am

The merged entity, to be known as Shriram Finance Ltd, will be the largest retail finance NBFC in the country

Paytm IPO, Paytm IPO share allotment

Paytm GMV more than doubles to Rs 1.66 lakh crore in Oct-Nov 2021 period

December 13, 2021 11:57:30 am

Paytm refers to GMV as the value of total payments made to merchants through transactions on its app, through Paytm payment instruments or through its payment solutions, over a period. It excludes any consumer-to-consumer payment services such as money transfers.

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Coonoor crash: Insurers settle claims in ‘shortest possible time’

December 13, 2021 3:30:23 am

🔴 Chennai-based UII has settled group personal accident (GPA) claims of deceased defence officials, including General Rawat and others, while NIA paid the claim of Brigadier Ladder at the shortest possible time, officials said.

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‘PV sales dip 19% in November as chip shortage hits festive demand’

December 11, 2021 3:24:06 am

🔴 Wholesale despatches across categories last month declined 32 per cent year-on-year (y-o-y) to 12,88,759 units. PV wholesales declined 19 per cent at 2,15,626 units.

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Videocon resolution: DoT moves NCLAT

December 11, 2021 3:13:31 am

🔴 The DoT, in its petition, has requested the appellate tribunal to set aside the order passed by the Mumbai bench of the NCLT on June 8, 2021 allowing the Rs 2,962-crore takeover bid by Anil Agarwal’s Twin Star Technologies

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RBI allows LIC to hold 9.99% stake in IndusInd Bank

December 11, 2021 1:37:30 am

🔴 This will be subject to compliance with the Master Direction on ‘’prior approval for acquisition of shares or voting rights in private sector banks’’ Master Direction on ‘’Ownership in Private Sector Banks’’, the bank said.