NCLT clears decks for transfer of Future Group retail assets to Reliance Retail

28 Sep, 2021

New Delhi, Sep 28 (IANS) NCLT Mumbai on Tuesday cleared decks for conducting shareholders and creditors meeting to consider the Scheme of Arrangement filed by Future Group for transfer of its retail assets to Reliance Retail.

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DHFL case: No bail for wife, daughters of Yes Bank founder Rana Kapoor (28 Sep, 2021)

Mumbai, Sep 28 (IANS) The Bombay High Court on Tuesday dismissed a bail plea filed by Yes Bank founder Rana Kapoor's wife Bindu, and their daughters Roshini Kapoor and Radha Kapoor-Khanna, and former bank senior executive Rajiv Anand, in the financial irregularities pertaining to the Dewan Housing Financials Ltd (DHFL) cases.

DHFL Case: NCLAT to hear FD, NCD holders & Wadhawan's plea on Sep 29 (27 Sep, 2021)

New Delhi, Sep 27 (IANS) The National Company Law Appellate Tribunal (NCLAT) will hear pleas by fixed deposit and NCD holders of Dewan Housing Finance Corp Ltd (DHFL) and it's former promoter Kapil Wadhawan against the approval of Piramal Capital and Housing's resolution plan for the bankrupt NBFC.

After bribery charges, now 'Panchjanya' says Amazon is East India Co.2.0 (27 Sep, 2021)

New Delhi, Sep 27 (IANS) After labelling bribery charges against Infosys, Panchjanya, a journal with RSS leanings, has now opened an attack on Jeff Bezos founded Amazon, with a cover story calling it the second generation of the East India Company that entered India with business interests but ended up colonising the country for 200 years.

ED freezes Karvy shares held by its top honchos (25 Sep, 2021)

Hyderabad, Sep 25 (IANS) In further action against Karvy Stock Broking Limited (KSBL), the Enforcement Directorate (ED) has issued freezing order in respect of shares of the group held directly & indirectly by the Chairman and Managing Director of M/s KSBL, Comandur Parthasarathy, his sons, Rajat Parthasarathy and Adhiraj Parthasarathy, and their entities in order to safeguard the proceeds of the crime.

Flipping of Indian Unicorns (25 Sep, 2021)

India has been proud of its startups creating immense value and adding to the GDP of the country. Our startups could be a reason for envy of our competitors too. But our happiness remains short-lived when we find that they have not remained Indian any more. Most of these high ticket startups have flipped away and are no longer Indian companies in essence.

End of Beginning: Premium valuations biggest risk to market rally (IANS Analysis) (25 Sep, 2021)

Mumbai, Sep 25 (IANS) Premium valuations along with expectations of year-end liquidity tapering measures as well as external shocks are the biggest hurdles to the ongoing stock market rally.

Sensex gained 2.4x from 2020 lows to 60K-mark, further rise expected (IANS Analysis) (24 Sep, 2021)

Mumbai, Sep 24 (IANS) India's 30-scrip S&P BSE Sensex gained a whopping 2.4 times or 135 per cent from the lows of 2020 lockdown to its latest peak of more than 60,300 points, and the rise seems to have just started, cited experts.

China bans cryptocurrencies, mining projects (24 Sep, 2021)

New Delhi, Sep 24 (IANS) The Chinese authorities said on Friday that all cryptocurrency-related businesses are illegal and called for the exit of cryptocurrency mining projects.

Biggest edition of Myntra's Big Fashion Festival from October 3-10 (24 Sep, 2021)

Bengaluru, Sep 24 (IANS) Myntra has announced the arrival of its â€˜Big Fashion Festival, the festive seasons most-awaited shopping carnival for fashion, lifestyle and beauty products, across categories, slated to be held between October 3 and 10.

Give back our land or employ us as agreed: Workers demand of PCA Automobiles (24 Sep, 2021)

Chennai, Sep 24 (IANS) 'Give back our land or get us our jobs' is the demand to the Tamil Nadu government from 22 persons whose grandfathers had given their land to Hindustan Motors Ltd in 1968.