The Supreme Court on Tuesday reserved verdict on a batch of pleas filed by Future group firms against a Delhi High Court order declining stay on an arbitration tribunal decision refusing to interfere with the Emergency Award (EA) of the Singapore International Arbitration Centre (SIAC). “We reserve the order. All the four SLPs (special leave petitions) are over. A lot Read More

N. Chandrasekaran, who took over as group chairman in February 2017 after Cyrus Mistry was ejected in a boardroom battle, is seeking to reinvent the Tata Group. Singapore: Tata Sons Ltd chairman Natarajan Chandrasekaran said on Friday that the conglomerate is focusing on “simplification, synergy and scale” that may eventually lead to the creation of 32 holding companies. “We are moving Read More

New Delhi: Dubai-based retail and hospitality conglomerate, Landmark Group, which is also the parent company of brands like Lifestyle, Max Fashion, Home Centre, Spar Hypermarkets and EasyBuy, has appointed Vasanth Kumar, executive director of Max Fashion India as the managing director of Lifestyle International with the responsibility for the strategic direction and execution of Lifestyle and Home Centre businesses, starting April 1, 2018. Kabir Read More

Noble said the gross consideration of the sale would be $1.4 billion and after deducting indebtedness of about $836 million, the cash proceeds would be about $580 million. Photo: Hemant Mishra/Mint Mumbai: Mint brings to you your daily dose of top deals reported by newsrooms across the country. Flipkart set to make more acquisitions Armed with over $4 billion in cash, India’s Read More

The $500 million real estate fund with Shapoorji Pallonji is Allianz Group’s first investment into real estate in India. Photo: Hemant Mishra/Mint Mumbai: Global insurance firm Allianz Group on Thursday announced that it has partnered with Shapoorji Pallonji Group to set up a $500 million real estate fund—SPREF II—which will invest in commercial office properties in India. The transaction, which marks Read More

Spain did not need their best players to beat India but then they are taking the World Group Davis Cup play-off tie very “seriously”, bringing a strong 20-member contingent to tackle the lower-ranked home players. Led by World No 4 Rafael Nadal, the Spaniards landed in New Delhi on Monday morning and hit the courts in the evening. After watching Read More

The leader of the Syrian Islamist rebel group Nusra Front said on Thursday it was cutting its ties with al Qaeda to deny foreign powers including the United States and Russia a pretext to attack Syrians. Listed as a terrorist organisation by the United States, the Nusra Front was excluded from a truce negotiated in February. Russia and the United Read More

Google has acquired Kifi in order to boost its ‘Spaces’ app, which is aimed at group sharing. The Kifi team confirmed the acquisition, and announced it will join Google soon. Financial details of the deal have not been revealed. For those who remember, Spaces is a Google app launched in May of this year, which combines Search, Chrome and YouTube into Read More

The S&P BSE Sensex gained 130 points in trade on Monday, while broader CNX Nifty jumped above its key 7,750-mark ahead of RBI monetary policy to be announced on Tuesaday at which it is expected to cut interest rates by at least 25 basis points. The headline indices rallied tracking mixed trend seen in Asian markets after solid US payroll Read More