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Delhi HC declines Future Retail’s plea against Amazon The Delhi High Court, on Monday, declined to grant Future Retail Ltd’s (FRL) plea for an interim injunction to restrain Amazon from writing to SEBI, CCI, and other authorities about the arbitral order against its asset sale. Kishore Biyani-led FRL had approached the court to direct Amazon […]
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Reliance & BP begin gas production from R Cluster, Asia’s deepest offshore field Reliance Industries Ltd (RIL) and BP announced the start of gas production from the R Cluster, an ultra-deep-water gas field in block KG-D6, off the east coast of India. The two companies are developing three deepwater gas projects in block KG-D6 — […]
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Whistleblower accuses UPL promoters of financial fraud According to a report by ET Prime, a whistleblower has alleged that UPL’s promoters have siphoned off money. The whistleblower stated that UPL entered into rent deals with a shell company, which was owned by its employees. The report also states that the company paid crores in rent […]
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SpiceJet plane undershoots runway in Guwahati; DGCA grounds 2 pilots A SpiceJet plane undershot the runway while landing at the Guwahati airport on Friday. The Directorate General of Civil Aviation (DGC) has grounded the two pilots who were operating the Bengaluru-Guwahati flight. Officials stated that none of the passengers was hurt in the incident. The […]
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Kerala moves SC against leasing out TVM airport to Adani Group The Kerala Government moved the Supreme Court seeking a stay on the Centre’s decision to lease out the Thiruvananthapuram International Airport to Adani Enterprises Ltd. Adani had won the rights for the operations of the airport in an auction held in August. The petition […]
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Reliance Retail completes fundraising of Rs 47,265 crore from 10.09% stake sale Reliance Retail Ventures Ltd.(RRVL) said that it has raised Rs 47,265 crore by selling 10.09% stake to multiple investors. According to an official release from RRVL, the company has completed the current phase of partner induction and fundraise exercise. The investors include Silver […]
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Cabinet approves PLI scheme worth Rs 2 lakh crore for 10 sectors The Union Cabinet has approved Production Linked Incentive (PLI) scheme worth up to Rs 2 lakh crore for 10 key sectors, for the next 5 years. The scheme will provide a boost to India’s manufacturing capabilities and improve exports. The sectors that will […]

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