NEW DELHI: The Center reported Monday The Supreme Court that by November 5, credit institutions must credit the accounts of borrowers who have obtained loans of up to 2 million rupees the compound interest collected during the six-month loan default period and then claim the repayment of the Union government. …
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NEW DELHI: Future Retail Ltd (FRL) will go into liquidation if its deal to sell assets to Reliance Industries fails, the group told a Singaporean arbitrator while arguing against Amazon.com Inc’s offer to spoil the deal, a legal order seen by Reuters showed. . Amazon won a court order from …
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NEW DELHI: Prime Minister Narendra Modi on Monday he said that India energy future it’s bright and safe, and energy security is one of the government’s top goals. Speaking virtually at the India Energy Forum, the Prime Minister established India’s energy map comprising seven key factors. He said: “Like the …
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MUMBAI: Indian conglomerate Reliance dismissed Amazon’s push to delay acquisition of national retail giant Future group, despite an arbitration panel suspending the deal after objections from the US online titan. The dispute is the latest development in a protracted battle for dominance in India between Reliance, owned by Asia’s richest …
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MUMBAI: Kotak Mahindra Bank is exploring the acquisition of a private sector rival IndusInd Bank, according to the report. IndusInd International Holdings (IIHL) of Hindujas, which is the promoter of IndusInd Bank, has denied the report, while Kotak has not committed. In a report Sunday afternoon, Bloomberg said that Kotak …
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Kotak Mahindra Bank, backed by Asia’s richest banker, is exploring an acquisition of a smaller Indian rival IndusInd Bankpeople with knowledge of the matter said. The move would create the eighth largest financial firm in the country by assets. Uday Kotak, founder and CEO of Kotak Mahindra, is looking at …
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BENGALURU: Kishore Biyani’s agreement to sell Future Group assets to Mukesh Ambaniis Dependency industries for Rs 24,713 crore is now on hold as the Singapore International Arbitration Center (SIAC) granted interim relief to Amazon from Jeff Bezos, for now, two people familiar with the matter said. Earlier this month, Amazon …
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NEW DELHI: Wholesale onion Prices fell to Rs 10 per kg in key consumer markets such as Delhi, Mumbai and Chennai with an increase in the arrival of the perishable product after the government imposed stock limits on traders to control hoarding and price increases, they showed. government data. Onion …
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NEW DELHI / MUMBAI: The Karnataka the superior court ruled Saturday that Franklin Templeton mutual fund it will need to seek shareholder approval before liquidating six schemes with combined assets of about 280 billion rupees ($ 3.8 billion). One of the largest fixed income fund houses in India, it closed …
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NEW DELHI: On Saturday, the government extended the deadline for filing income tax returns for individual taxpayers for the 2019-20 fiscal year until December 31, providing relief to taxpayers affected by the Covid-19 pandemic. The due date for filing income tax returns for taxpayers (including their partners) who must audit …
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