A few days after the Delhi High Court left it to regulators Securities and Exchange Board of India (SEBI) and Competition Commission of India (CCI) to decide the legality of the 24,713 crore Future Retail-Reliance Group deal, Future Retail has written a letter to National Stock Exchange (NSE) and Bombay Stock Exchange (BSE). The letter has pointed out portions of the court order where the August 29 board resolution of the company to proceed with a deal of the company's retail assets with Reliance Group was upheld. Future Retail has sought that regulators should base their decision on the Delhi High Court order, and not the Emergency arbitrator's order whose merits haven't yet been examined by Indian courts.Future Retail had welcomed the court order which made a prima facie case of tortious interference by Amazon and held that Amazon's attempt to control Future Retail without the government's approval violated FEMA and FDI rules. However, the Delhi High Court also paved the way for Amazon to write letters to SEBI and CCI to oppose the deal, in view of the potential of "irreparable damage to business".
While three of them were traced by Tuesday night and admitted to Lok Nayak hospital in the capital, one managed to reach Ludhiana while another reached Andhra Pradesh, before they were brought back on Wednesday, The Indian Express has learnt.
Giving out its analysis of the Delhi High Court's December 21 judgment, Future Retail Ltd (FRL) in a filing to stock exchanges said its board approving a Rs 24,713 crore deal to sell assets to Reliance Retail has been held 'valid in law' by the court
Jahan has allegedly been assaulted inside Mandoli jail twice. On Tuesday she told a court that she was called a terrorist and assaulted, following which the court summoned Tihar jail authorities to submit a status report.
The Delhi government Wednesday decided to test for Covid all passengers who reached Delhi from the UK between November 25 and December 23, even if they were tested earlier. Directives have been issued to all the districts in this regard.
Rudrapur: The security along all borders with Uttar Pradesh was beefed up by the district police after Terai farmers announced that they will undertak.
Moderate fog in parts of Delhi, minimum temperature dips to 4 deg Celsius on Business Standard. Some parts of Delhi were shrouded by fog on Wednesday as the minimum temperature in the city dropped to four degrees Celsius, the India Meteorological Department (IMD) said
Ishrat Jahan, for one, has said she was beaten up by fellow inmates when she attempted to pray in the morning. The Mandoli Jail authorities have agreed with her account.
India Business News: NEW DELHI: Delhi will become the first city in the country to seriously try out hydrogen -- touted as the fuel of the future -- as a serious public mo.
Observing that air quality in the capital and the NCR is deteriorating, the Central Pollution Control Board (CPCB) on Wednesday directed pollution watchdogs of Delhi and three other states to ensure strict compliance of the ban on sale and use of firecrackers during Christmas and New Year.
??The rule, according to the Maharashtra government circular, is that all passengers will stay at the hotels for seven days and tested between the fifth and seventh day when the viral load is supposedly high.
20,000 farmers from western UP will march to Delhi Thursday to highlight their support of the farm laws, setting up a potential face-off with thousands of others who have been camped around the city borders for nearly a month in protest of those laws
As India awaits the announcement of a COVID-19 vaccine, the Delhi Airport is getting ready to facilitate the handling and distribution of the vaccine across the country.
NEW DLEHI: The pollution levels in the national capital shot up on Wednesday and mounted to severe category, prompting the Ministry of Earth Sciences .
