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Kapoor Khandaan At The Shaadi

Kapoor Khandaan At The Shaadi

Rediff.com15 Apr 2022

Alia Bhatt and Ranbir Kapoor's wedding was a big reunion for their families.

Tatas super app Neu to host non-group brands as well: Chandrasekaran

Tatas super app Neu to host non-group brands as well: Chandrasekaran

Rediff.com14 Apr 2022

Tata Group chairman Natarajan Chandrasekaran on Thursday said the group's recently launched super app Neu is on an open architecture and it will host non-group brands as well. The Tatas finally launched its super app Tata Neu on April 7, after piloting it for months, but the group chairman claimed there was no delay in the commercial launch. Stating that the app has received an overwhelming response in the past seven days of going live, Chandrasekaran said the app is on an open architecture and will host products and services from non-Tata group companies.

Alia-Ranbir Have Never Looked Happier!

Alia-Ranbir Have Never Looked Happier!

Rediff.com14 Apr 2022

Bollywood A-listers Alia Bhatt and Ranbir Kapoor got married on Thursday, not in a big fat Indian wedding spangled with tinsel as many would have imagined but at their Bandra apartment with just family and close friends in attendance.

Heartbreak For Ambanis Again

Heartbreak For Ambanis Again

Rediff.com14 Apr 2022

Nita Ambani traveled to Pune to cheer the team against the Punjab Kings on Wednesday

CBI takes over probe into 5 cases against Param Bir Singh

CBI takes over probe into 5 cases against Param Bir Singh

Rediff.com13 Apr 2022

On the directions of the Supreme Court, the special crime unit of the central agency registered the cases late Tuesday evening.

Manish Or Sabyasachi: Who Will Design Alia's Wedding Lehenga?

Manish Or Sabyasachi: Who Will Design Alia's Wedding Lehenga?

Rediff.com12 Apr 2022

Her timeline is flooded with gorgeous silhouettes by Sabyasachi Mukherjee and Manish Malhotra.

Income in US on I-T radar in FY23, non-disclosure to invite action

Income in US on I-T radar in FY23, non-disclosure to invite action

Rediff.com11 Apr 2022

Indians having undisclosed income in the United States (US) may face proceedings under Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015, this financial year. Also, those named in global leaks may be searched, show-caused, and prosecuted, according to the FY23 internal action plan of the Central Board of Direct Taxes (CBDT). The CBDT has rolled out an aggressive target and timeline to investigate tax evasion matters, especially those involving undisclosed foreign assets.

We need Modi the Thanedar, not Chowkidar

We need Modi the Thanedar, not Chowkidar

Rediff.com8 Apr 2022

I am not sure if Modi can ever act as a chowkidar, even if he wants to. But he can surely act as a thanedar, by ensuring a fast resolution of corruption cases once they come to light. Exemplary action is easier and will burnish his anti-corruption image, argues Debashis Basu.

Tata launches long-awaited super app Neu, joins ecommerce battle

Tata launches long-awaited super app Neu, joins ecommerce battle

Rediff.com7 Apr 2022

The Tata group on Thursday launched its super app, Tata Neu, bringing all its brands in one platform as it seeks to play a major role in the Indian ecommerce space currently dominated by the likes of Amazon and Flipkart.

Does Anant Ambani Look Worried?

Does Anant Ambani Look Worried?

Rediff.com7 Apr 2022

May we suggest that Rohit Sharma and his boys win their next three games -- against the Royal Chyallengers Bangalore (April 9), the Punjab Kings (April 13), both at the MCA and the Lucknow Super Giants (April 16) at the Brabourne stadium? That would be an apt gift for Mukesh Ambani's 65th birthday on April 19.

Playing Moneyball With The IPL?

Playing Moneyball With The IPL?

Rediff.com26 Mar 2022

'Did the Moneyball philosophy get redefined in the domain of the cash-rich IPL, which has become an integral part of the cricketing ecosystem?' asks Atanu Biswas.

Anil Ambani resigns as director of RPower, RInfra

Anil Ambani resigns as director of RPower, RInfra

Rediff.com25 Mar 2022

Reliance Group chairman Anil Ambani on Friday resigned as director of Reliance Power and Reliance Infrastructure, following markets regulator Sebi order restraining him from associating with any listed company. "Anil D Ambani, non-executive director, steps down from the board of Reliance Power in compliance of SEBI (Securities and Exchange Board of India) interim order," Reliance Power said in a BSE filing. In a separate filing to the stock exchange, Reliance Infrastructure said that Anil Ambani has stepped down from its board "in compliance of SEBI interim order".

CBI to probe bribe charges by former JK guv Malik: LG Sinha

CBI to probe bribe charges by former JK guv Malik: LG Sinha

Rediff.com25 Mar 2022

Malik had in October last year claimed that he was offered Rs 300 crore in bribe to clear a file each belonging to "Ambani" and an "RSS-affiliated man" during his tenure.

PM, BJP CMs, seers, Kashmir Files team to attend Yogi's swearing-in

PM, BJP CMs, seers, Kashmir Files team to attend Yogi's swearing-in

Rediff.com24 Mar 2022

The ceremony on Friday will be attended by Union Home Minister Amit Shah, Defence Minister Rajnath Singh and chief ministers of Bharatiya Janata Party-ruled states.

Amazon moves SC for resumption of arbitration & preservation of FRL assets

Amazon moves SC for resumption of arbitration & preservation of FRL assets

Rediff.com16 Mar 2022

US e-commerce major Amazon Wednesday apprehended the "disappearance" of assets and sought an interim order from the Supreme Court to ensure the preservation of assets of Future Retail Ltd besides resumption of arbitration over FRL's merger deal with Reliance Retail. A bench comprising Chief Justice N V Ramana and Justices A S Bopanna and Hima Kohli took note of the allegations of the US firm that the "applecart was being upset" by its rivals and asked the Future group firms, FRL and Future Coupons Ltd (FCPL), to respond to the interim plea of Amazon seeking resumption of arbitration and preservation of assets and fixed the hearing on March 23. Amazon and Future group are engaged in multi-forum litigations on the issue of FRL's merger deal to the tune of Rs 24,500 crore with Reliance Retail Ltd after the US e-commerce giant dragged the latter to arbitration at the Singapore International Arbitration Centre (SIAC) in October 2020.

Future plans value adjustments, reversal of takeover of stores by RIL

Future plans value adjustments, reversal of takeover of stores by RIL

Rediff.com16 Mar 2022

Future Retail Ltd (FRL) on Wednesday said it is "committed" to reversal of takeover of its stores by Reliance Retail and will take all such action as may be necessary to seek value adjustments. The Kishore Biyani-led firm also said the action of the Reliance Group has come as a "surprise" to it. Moreover, the action of taking possession of its stores has "complicated" the positive scenario which had started building up after a CCI order in December 2021, FRL said in a regulatory filing.

Adani adds $49 bn wealth in 2021, higher than Jeff Bezos, Elon Musk

Adani adds $49 bn wealth in 2021, higher than Jeff Bezos, Elon Musk

Rediff.com16 Mar 2022

Gautam Adani, India's and Asia's second-richest person, added $49 billion to his wealth last year - more than the net addition of wealth by the top three global billionaires Elon Musk, Jeff Bezos and Bernard Arnault, the 2022 M3M Hurun Global Rich List said on Wednesday. Mukesh Ambani, who runs the oil-to-retail conglomerate Reliance Industries, continues to be the richest Indian with a wealth of $103 billion, a 24 per cent rise year-on-year. Adani, the head of ports-to-energy conglomerate Adani Group, is a close second with his wealth surging 153 per cent to $81 billion.

Future-RIL deal: Talks have failed, Amazon tells SC

Future-RIL deal: Talks have failed, Amazon tells SC

Rediff.com15 Mar 2022

US e-commerce major Amazon told the Supreme Court on Tuesday that the talks with the Future Group to resolve the dispute over Future Retail's merger deal with Reliance Retail have failed and sought intervention to ensure that the stores of FRL are not taken over. A bench headed by Chief Justice N V Ramana, on March 3, had acceded to Amazon's request and granted 10 days to it for exploring the possibility of resolving the dispute through dialogue with the Future Group. The bench, also comprising justices A S Bopanna and Hima Kohli, is hearing Amazon's appeal against the January 5 order of the Delhi high court, which stayed the arbitration proceedings before the arbitral tribunal over Future Retail's merger deal with Reliance Retail. "It often happens that sometimes, we hope very positively but in the end, it is not positive at all.

Amazon takes out ads, calls Future store transfer to Reliance a fraud

Amazon takes out ads, calls Future store transfer to Reliance a fraud

Rediff.com15 Mar 2022

Days after billionaire Mukesh Ambani-led group took some of the stores of Future Group, whose lease had expired due to the non-payment of rent, Amazon.com Inc on Tuesday accused the two of 'fraud' and said such 'contumacious' transfer will be liable to legal action.

BJP under attack after report claims firm boosted its campaign on FB

BJP under attack after report claims firm boosted its campaign on FB

Rediff.com15 Mar 2022

Communist Party of India-Marxist general secretary Sitaram Yechury described it as a "brazen destruction of the foundations of our democracy".

Reliance terminates sub-lease of 950 Future stores

Reliance terminates sub-lease of 950 Future stores

Rediff.com10 Mar 2022

In a fresh twist in the fight to gain supremacy in the Indian retail market, billionaire Mukesh Ambani's Reliance Retail has slapped notices on Future Retail for terminating sub-leases of 950 stores it had taken over previously. In stock exchange filings, the Kishore Biyani-led debt-laded Future Group firms said they have been served notices to terminate the lease of 835 Future Retail stores and 112 Future Lifestyle stores. Last month, Reliance Retail had taken over store spaces for which the Future Group couldn't pay lease rent. These were then sub-let to the Future Group for operation.

Future Retail shuts Big Bazaar as RIL plans takeover

Future Retail shuts Big Bazaar as RIL plans takeover

Rediff.com28 Feb 2022

Future Retail has shut most of its Big Bazaar stores since February 25 (Friday) and its website is also down as it missed lease payments to Reliance Industries (RIL). RIL will open most of the 200 Future Retail stores as Reliance stores in the next week and it is in the process of taking stock, re-branding, and transferring 30,000 Future Retail and Future Lifestyle employees on to the rolls of its manpower and staffing firm Reliance SMSL, according to a source. The first tranche of stores are set to be opened as early as in the next two days.

Tina Ambani's Heartfelt Message For Khrisha

Tina Ambani's Heartfelt Message For Khrisha

Rediff.com28 Feb 2022

She took to Instagram to share lovely pics from Anmol and Khrisha's wedding.

Amazon, Future saga: Ball's in tribunal's court

Amazon, Future saga: Ball's in tribunal's court

Rediff.com23 Feb 2022

The Supreme Court on Wednesday asked Amazon and Future group to request the NCLAT to decide the plea challenging the revocation of sanction to the US e-commerce major for its deal with Future group's firm by the Competition Commission of India. The suggestion was made by a bench headed by Chief Justice N V Ramana while adjourning to March 9 the hearing on Amazon's appeal against the January 5 order of the Delhi high court staying the ongoing arbitration proceedings before an arbitral tribunal over Future Retail's Rs 24,500-crore merger deal with Reliance Retail. The bench, also comprising Justices A S Bopanna and Hima Kohli, deferred the hearing after brief arguments on being told that the National Company Law Appellate Tribunal (NCLAT) is hearing another appeal of Amazon related to the merger deal.

SC relief for Param Bir, probe halted till March 9

SC relief for Param Bir, probe halted till March 9

Rediff.com22 Feb 2022

The SC said the "messy state of affairs" has "the propensity of unnecessarily shaking confidence of people in police system".

Meet Tina and Anil Ambani's Daughter In Law

Meet Tina and Anil Ambani's Daughter In Law

Rediff.com22 Feb 2022

Tina and Anil Ambani's elder son Jai Anmol tied the knot with Khrisha Shah in Mumbai in a star-studded affair.

Sports Shorts: Mumbai to host IOC session in 2023

Sports Shorts: Mumbai to host IOC session in 2023

Rediff.com19 Feb 2022

Indian Pro boxer Chandni goes down to Shin Bo in WBO Asia Pacific title clash.

The Mystery Lady At The IPL Auction

The Mystery Lady At The IPL Auction

Rediff.com18 Feb 2022

Kaviya Maran is the co-owner of the Sunrisers Hyderabad team.

NCLAT adjourns hearing on Amazon's plea to stay CCI's order

NCLAT adjourns hearing on Amazon's plea to stay CCI's order

Rediff.com14 Feb 2022

The National Company Law Appellate Tribunal (NCLAT) on Monday adjourned till February 25, the hearing on the plea of e-commerce major Amazon, seeking an interim stay over the order passed by fair trade regulator CCI, which suspended the over-two-year-old approval for its deal with Future Coupons Pvt Ltd (FCPL). When the matter was called for hearing, a two-member bench expressed its difficulties to take up the matter on Monday, as one of the members is retiring in the next four days, after completing his tenure. In this matter, NCLAT would also have to hear other parties such as fair trade regulator CCI, before passing an order and it would take some more time and then the retiring member would not be a part of the bench.

Jio forays into satellite broadband market

Jio forays into satellite broadband market

Rediff.com14 Feb 2022

Digital services company Jio Platforms on Monday announced a joint venture with Luxembourg-based SES to provide satellite-based broadband services in India, a joint statement said. The two companies have formed a joint venture, Jio Space Technology Limited, in which Jio Platforms (JPL) and SES will own 51 per cent and 49 per cent equity stake respectively. "The joint venture will be the vehicle for providing SES's satellite data and connectivity services in India, except for certain international aeronautical and maritime customers who may be served by SES.

Punjab splurge on Livingstone, Mumbai invest on injured Archer

Punjab splurge on Livingstone, Mumbai invest on injured Archer

Rediff.com13 Feb 2022

England batter Liam Livingstone fetched a staggering Rs 11.50 crore deal from Punjab Kings, who also roped in West Indies fast bowler Odean Smith, for Rs 6 crore, on Sunday, Day 2 of the TATA Indian Premier League 2022 Player Auction, in Bengaluru.

Here's why Mumbai Indians splurged Rs 8 crore on Archer

Here's why Mumbai Indians splurged Rs 8 crore on Archer

Rediff.com13 Feb 2022

Mumbai Indians owner Aakash Ambani revealed the plan to sign Jofra Archer was more of an investment point of view.

IPL Auction: Preity Zinta compliments Nita Ambani

IPL Auction: Preity Zinta compliments Nita Ambani

Rediff.com13 Feb 2022

Preity Zinta praised the Mumbai Indians' IPL contingent for following COVID-19 protocols

Aryan, Suhana, Kaviya At IPL Auction

Aryan, Suhana, Kaviya At IPL Auction

Rediff.com12 Feb 2022

Glimpses of some of the team owners at the IPL auction on Saturday.

Adani, Jindal, Ambani are in race to buy Videocon's assets

Adani, Jindal, Ambani are in race to buy Videocon's assets

Rediff.com10 Feb 2022

With the Adani and Jindal groups and Mukesh Ambani-owned Reliance Industries joining the race to buy Videocon Industries' (VIL's) assets, lenders are expecting aggressive bids for VIL's consumer durables and overseas oil assets, which are to be sold in separate auctions. The entire asset sale exercise is expected to be completed in the next six months, said a banker. A promoter entity of Naveen Jindal-owned Jindal Steel and Power has also evinced interest in the second round of bids for VIL's consumer durable business. The deadline to submit bids for VIL's assets ended on February 2.

SC issues notice to Future group on Amazon's plea

SC issues notice to Future group on Amazon's plea

Rediff.com9 Feb 2022

The Supreme Court Wednesday sought a response from the Future group on Amazon's plea against the January 5 order of the Delhi high court staying the ongoing arbitration proceedings before an arbitral tribunal over Future Retail's Rs 24,500-crore merger deal with Reliance. A bench comprising Chief Justice N V Ramana and Justices A S Bopanna and Hima Kohli issued notices to the Future group firms, Future Coupons Private Ltd (FCPL) and Future Retail Ltd (FRL) and said that it will hear the matter on February 23 "without any adjournment". The Delhi high court on January 5 had stayed the Amazon-Future arbitration which is going on before a three-member arbitral tribunal over the latter's Rs 24,500-crore deal with Reliance.

Can Gautam Adani topple Mukesh Ambani as Asia's richest?

Can Gautam Adani topple Mukesh Ambani as Asia's richest?

Rediff.com9 Feb 2022

Owing to a big rise in the market capitalisation of group companies such as Adani Green Energy and Adani Transmission, the group promoters, the Gautam Adani family, have closed the wealth gap with Mukesh Ambani, the promoter and owner of Reliance Industries Ltd (RIL). Ambani continues to top India's billionaire league table. The Ambani family's net worth was estimated to be Rs 8.06 trillion (around $108 billion) on Tuesday against the Rs 6.87 trillion (around $92 billion) of the Adani family.

Quoting Nehru, Modi singles out Congress in Lok Sabha speech

Quoting Nehru, Modi singles out Congress in Lok Sabha speech

Rediff.com8 Feb 2022

Replying to the debate in Lok Sabha on Motion of Thanks to President Ram Nath Kovind's address to the Parliament, Modi said the Congress' 'arrogance' has not gone away despite multiple electoral defeats and its 'misdeeds' seem to indicate that it has made up its mind not to come to power for the next 100 years.

Tribunal to hear Amazon's plea to stay CCI order on Feb 14

Tribunal to hear Amazon's plea to stay CCI order on Feb 14

Rediff.com7 Feb 2022

The National Company Law Appellate Tribunal (NCLAT) will hear e-commerce major Amazon's interim plea on February 14, seeking a stay over the order passed by fair trade regulator CCI that had suspended the over two-year-old approval for its deal with Future Coupons Pvt Ltd (FCPL). A three-member bench on Monday directed to list Amazon's plea on February 14 to pass an interim order and stay the operations of the order passed by the Competition Commission of India (CCI) in December last year till it finally decides the matter. "The registry is directed to list on February 14 for hearing," said the NCLAT bench. The appellate tribunal also directed to list the appeals filed by the Confederation of All India Traders (CAIT) and All India Consumer Product Distributors Federation on the same date.

Mukesh Ambani picks up Rolls-Royce costing Rs 13.14 crore

Mukesh Ambani picks up Rolls-Royce costing Rs 13.14 crore

Rediff.com4 Feb 2022

Reliance Industries, headed by India's richest man Mukesh Ambani, has bought an ultra-luxury Rolls Royce hatchback costing Rs 13.14 crore.

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