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Bengaluru, Jul 18 (PTI) A man was arrested for allegedly using abusive language and derogatory comments against Karnataka and Kannada-speaking people, police said on Friday. The incident occurred on July 17 at around 9.30 am, when Ranjith Mathew, a delivery partner, called a customer, identified as Mithun Sarkar, to confirm the address to deliver a T-shirt ordered by him through an online platform, they said. Also Read | Ladki Bahin Yojana July 2025 Installment Date: When Will Maharashtra Wome ...Read More >
New Delhi, Jul 18 (PTI) Reliance Infrastructure Ltd on Friday said appellate tribunal NCLAT has stayed the insolvency proceedings against the company following a repayment of Rs 92.68 crore towards tariff as per an energy purchase agreement. Reliance Infrastructure in its latest regulatory filing said that the National Company Law Appellate Tribunal (NCLAT) has stayed an NCLT order over an appeal filed by it. Also Read | Ladki Bahin Yojana July 2025 Installment Date: When Will Maharashtra Wome ...Read More >
MUMBAI: In a dramatic turnaround and a likely setback to the State Bank's effort to recover its dues from RCom, the crippled telecom company that was promoted by Anil Ambani, state-run lender Canara Bank has informed the Bombay High Court that it has withdrawn its order classifying the loan as fraudulent. Following this disclosure, a bench of justices Revati Mohite Dere and Neela Gokhale on Thursday disposed of the petition filed by Ambani challenging the bank's order issued last year, saying " ...Read More >
New Delhi: Adani Power Ltd on Tuesday announced the completion of its acquisition of the 600-megawatt (MW) Vidarbha Industries Power Ltd through the insolvency route for an aggregate consideration of Rs4,000 crore. On June 18, 2025, the Mumbai Bench of the National Company Law Tribunal (NCLT) approved its resolution plan for Vidarbha Industries Power Ltd (VIPL), Adani Power Ltd (APL) said in a statement. SB Khyalia, Chief Executive Officer, Adani Power Ltd, said: "As we continue expanding our ...Read More >
Hyderabad: The legacy of Sardar Hari Singh Nalwa, who once stopped the Afghan forces at the Khyber Pass, is not merely history but a living inheritance, said Dr A. Tajinder Pal Singh Nalwa, his descendant. "If we could protect India from invasions then, we must now protect our children's minds from disintegration." Dr Nalwa was speaking to Sikh educators, community members, students, and lawyers at a seminar hosted by the Sikh Education Society at Guru Nanak High School Lecture Hall. Presided ...Read More >
Nagpur: Adani Power has finally taken over Anil Ambani-led Reliance Group's power plant at Butibori for Rs4,000 crore. The acquisition was formally completed on Tuesday. Originally built for captive supply of cheap power to industries in Butibori and nearby areas, the power plant ended up catering to Mumbai before it ran into trouble.Reliance company, Vidarbha Industries Power Limited (VIPL), had set up a 600MW (2 units of 300 MW) capacity generation plant at Butibori over a decade ago. The plan ...Read More >
NEW DELHI: Adani Power Ltd. (APL) on Tuesday announced successfully completing the acquisition and resolution plan implementation of Vidarbha Industries Power Ltd. (VIPL) for a total consideration of ₹4,000 crore. VIPL operates a 2×300 MW domestic coal-fired power plant located in Butibori, Nagpur district, Maharashtra. VIPL was undergoing the Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code (IBC). The company, in a press note said that on June 18, 2025, t ...Read More >
Ahmedabad (Gujarat) [India], July 8 (ANI): Adani Power, India's leading private thermal power producer, successfully completed the acquisition and resolution plan implementation of Vidarbha Industries Power Ltd. (VIPL) for an aggregate consideration of Rs 4,000 crore, as per the official statement by the company. The company stated on Tuesday that VIPL is a 2x300 MW domestic coal-fired power plant located in Butibori, Nagpur district, Maharashtra. VIPL was undergoing Corporate Insolvency Resolu ...Read More >
New Delhi, Jul 8 (PTI) Adani Power Ltd on Tuesday announced the completion of its acquisition of the 600 megawatt (MW) Vidarbha Industries Power Ltd through the insolvency route for an aggregate consideration of Rs 4,000 crore. On June 18, 2025, the Mumbai Bench of the National Company Law Tribunal (NCLT) approved its resolution plan for Vidarbha Industries Power Ltd (VIPL), Adani Power Ltd (APL) said in a statement. Subsequently, the plan was successfully implemented on July 7, 2025, taking A ...Read More >
Ahmedabad (Gujarat) [India], July 8 (ANI): Adani Power, India's leading private thermal power producer, successfully completed the acquisition and resolution plan implementation of Vidarbha Industries Power Ltd. (VIPL) for an aggregate consideration of Rs 4,000 crore, as per the official statement by the company. The company stated on Tuesday that VIPL is a 2x300 MW domestic coal-fired power plant located in Butibori, Nagpur district, Maharashtra. VIPL was undergoing Corporate Insolvency Resolu ...Read More >
MCLEOD GANJ - The Dalai Lama said Saturday he dreamed of living for decades more, as the Buddhist spiritual leader prayed with thousands of exiled Tibetans on the eve of his 90th birthday. Thumping drums and deep horns reverberated from the Indian hilltop temple, as a chanting chorus of red-robed monks and nuns offered long-life prayers for Tenzin Gyatso, who followers believe is the 14th reincarnation of the Dalai Lama. Looking in good health, dressed in traditional maroon monk robes and a fl ...Read More >
New Delhi, Jul 5 (PTI) Lenders of Jaiprakash Associates Ltd (JAL) have turned down Jaypee Infratech's request to accept its resolution plan to acquire the bankrupt diversified company. Five companies -- Adani Enterprises, Vedanta Group, Dalmia Bharat Cement, Jindal Power and PNC Infratech -- have submitted their resolution plans to acquire JAL. However, lenders of JAL, on June 25, had rejected the resolution plan of Suraksha Group-owned Jaypee Infratech Ltd as the bid was submitted late and wi ...Read More >
New Delhi, Jul 5 (PTI) Lenders of Jaiprakash Associates Ltd (JAL) have turned down Jaypee Infratech's request to accept its resolution plan to acquire the bankrupt diversified company. Five companies -- Adani Enterprises, Vedanta Group, Dalmia Bharat Cement, Jindal Power and PNC Infratech -- have submitted their resolution plans to acquire JAL. Also Read | Bodoland Lottery Result Today, July 05, 2025: Assam State Lottery Sambad Saturday Lucky Draw Results Declared, Check Winners List With Tick ...Read More >
New Delhi: Reliance Industries Limited Chairman Mukesh Ambani is all set to outsmart his competitors with a bold new game plan. Reliance Industries Limited (RIL) has made a major decision to separate all its fast-selling consumer goods -- the FMCG brands -- into a new entity. These brands were previously housed under Reliance's retail companies RRVL, RRL, and RCPL. Now, they will be moved into a newly formed company named 'New Reliance Consumer Products Limited' (New RCPL). This new entity will ...Read More >
Mumbai: The Infrastructure Leasing and Financial Services Ltd (IL&FS) has approached the National Company Law Tribunal (NCLT) to scrap the Canadian asset management firm Brookfield's Rs1,080-crore bid for its flagship BandraKurla Complex property. IL&FS filed a petition in NCLT Mumbai bench on June 26, seeking to dismiss the Brookfield-backed bid for its flagship BKC property, the IL&FS Financial Centre (TIFC), citing bidder disqualification and non-compliance with bidding conditions. In its p ...Read More >
New Delhi, July 3 (PTI) Reliance Retail is transferring its consumer goods business to a new entity, New Reliance Consumer Products Ltd (New RCPL), under its internal restructuring of the business. According to the scheme filed before the NCLT, Reliance is transfering and vesting the FMCG brands business from Reliance Retail Ltd (RRL) to a new entity named New Reliance Consumer Products Ltd (New RCPL). The Mumbai bench of the National Company Law Tribunal (NCLT) on June 25 asked to convene a m ...Read More >
New Delhi, July 7 (PTI) Reliance Retail is transferring its consumer goods business to a new entity, Reliance Consumer Products Ltd (RCPL). As per the scheme filed before the NCLT, Reliance is transfering and vesting the FMCG brands business from Reliance Retail Ltd (RRL) to a new entity named New Reliance Consumer Products Ltd (New RCPL). Also Read | Who Is Soham Parekh, Indian Techie Accused of Duping Multiple Companies? What's His Reaction to Allegations of Moonlighting?. The Mumbai bench ...Read More >
New Delhi, July 7 (PTI) Reliance Retail is transferring its consumer goods business to a new entity, Reliance Consumer Products Ltd (RCPL). As per the scheme filed before the NCLT, Reliance is transfering and vesting the FMCG brands business from Reliance Retail Ltd (RRL) to a new entity named New Reliance Consumer Products Ltd (New RCPL). The Mumbai bench of the National Company Law Tribunal (NCLT) on June 25 asked to convene a meeting for approval of the internal restructuring process, under ...Read More >
MUMBAI, July 3 (Reuters) - Indian billionaire Mukesh Ambani's Reliance Industries said it will spin off its consumer goods unit into a new entity to allow the fast-growing business to attract investors beyond those backing its retail unit. Reliance's consumer business includes brands such as Campa Cola, which competes with Coca-Cola and Pepsi, and dozens of other snacks and confectionery brands that fight for shelf space with the likes of Mondelez's Cadbury chocolates. India's National Company ...Read More >
MUMBAI (Reuters) -Indian billionaire Mukesh Ambani's Reliance Industries said it will spin off its consumer goods unit into a new entity to allow the fast-growing business to attract investors beyond those backing its retail unit. Reliance's consumer business includes brands such as Campa Cola, which competes with Coca-Cola and Pepsi, and dozens of other snacks and confectionery brands that fight for shelf space with the likes of Mondelez's Cadbury chocolates. India's National Company Law Trib ...Read More >
Mumbai, Jul 3 (PTI) The Infrastructure Leasing and Financial Services Ltd (IL&FS) has approached the National Company Law Tribunal (NCLT) to scrap the Canadian asset management firm Brookfield's Rs 1,080-crore bid for its flagship Bandra Kurla Complex property. IL&FS filed a petition in NCLT Mumbai bench on June 26, seeking to dismiss the Brookfield-backed bid for its flagship BKC property, the IL&FS Financial Centre (TIFC), citing bidder disqualification and non-compliance with bidding conditi ...Read More >
MUMBAI: The nation's largest bank State Bank of India (SBI) has decided to classify the loan account of the beleaguered telecom firm Reliance Communications (RCom) that's under bankruptcy since June 2019, as a "fraud" account and also to report the name of its erstwhile promoter and director Anil Ambani to the Reserve Bank. The company has been found to have used as much as Rs 12,692.31 crore of bank loans which is 41% of the total loan, to pay connected parties through a web of inter-group tra ...Read More >
New Delhi, Jul 2 (PTI) State Bank of India (SBI) has decided to classify the loan account of beleaguered telecom firm Reliance Communications as "fraud" and report the name of its erstwhile director Anil Ambani to the Reserve Bank of India (RBI). The move is expected to be followed by other lenders who have given loans to Reliance Communications Ltd (RCom). Reliance Communications, in a regulatory filing, said it has received a letter dated June 23, 2025, from State Bank of India (SBI) to this ...Read More >
New Delhi, July 2 (SocialNews.XYZ) The State Bank of India (SBI) has decided to report the loan account of Reliance Communications as "fraud" in a case that dates back to August 2016. Reliance Communications said in an exchange filing that this disclosure is being made pursuant to the rules of the Securities and Exchange Board of India (SEBI). "This is to inform you that Company has received letter dated June 23, 2025 (received on June 30, 2025) from SBI (marked to he Company and its erstwhile ...Read More >
New Delhi [India], July 1 (ANI): The Enforcement Directorate (ED) has seized several incriminating documents, digital devices, and details of movable and immovable properties during searches conducted at 13 locations in Delhi, NCR and Punjab's Mohali in an ongoing investigation against Raheja Developers Ltd, its Directors, and others, the agency said on Tuesday. The raids were conducted on June 27 under the provisions of the Prevention of Money Laundering Act (PMLA), 2002. The federal agency i ...Read More >
New Delhi: Torrent Pharmaceuticals on Sunday announced the acquisition of majority stake in J B Chemicals and Pharmaceuticals in a Rs 19,500-crore deal that will make it India's second most valued pharma company. Torrent will acquire 46.39 per cent stake from promoters Tau Investment Holdings Pte Ltd (a unit of global investment firm) for about Rs 11,917 crore. It would additionally buy another 2.80 per cent from certain employees of JB Chemicals at the same acquisition price of Rs 1,600 per sh ...Read More >
New Delhi, Jun 29 (PTI) Torrent Pharmaceuticals on Sunday announced the acquisition of majority stake in J B Chemicals and Pharmaceuticals in a Rs 19,500-crore deal that will make it India's second most valued pharma company. Torrent will acquire 46.39 per cent stake from promoters Tau Investment Holdings Pte Ltd (a unit of global investment firm) for about Rs 11,917 crore. It would additionally buy another 2.80 per cent from certain employees of JB Chemicals at the same acquisition price of Rs ...Read More >
MUMBAI: In an important development, a special PMLA (Prevention of Money Laundering Act) court on June 25 allowed restoration of assets ₹952 crore attached by the Enforcement Directorate (ED) in a money laundering case against Infrastructure Leasing & Financial Services Ltd (IL&FS), its group companies, and associated entities. The property - Surat-based plant of Vadraj Cement Limited - would be restored to Nuvoco Vistas Corporation Ltd, which has taken over the defunct company through a resolut ...Read More >
New Delhi: JSW Steel has transformed Bhushan Power & Steel Ltd (BPSL) into a viable and going concern after acquiring it out of bankruptcy in 2021, and its liquidation would have adverse ramifications on all stakeholders, the Sajjan Jindal-led steelmaker and BPSL's lenders told the Supreme Court. They also sought an 'open court' hearing of their petitions seeking a review of the top court's May 2 order scrapping JSW's acquisition of BPSL under the bankruptcy law. While JSW filed the review peti ...Read More >
New Delhi, June 8 (SocialNews.XYZ) The National Company Law Appellate Tribunal (NCLAT) has dismissed a plea filed by the Resolution Professional (RP) of the Think and Learn Private Limited (TLPL), the parent company of edtech firm Byju's, against an earlier order by the National Company Law Tribunal (NCLT). The NCLT had directed that the shareholding in Aakash Educational Services should remain unchanged until further hearings. A two-member bench of the NCLAT, comprising Justice Sharad Kumar S ...Read More >
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