OYO denies bankruptcy reports

Ritesh Agarwal, the founder and CEO of OYO on Wednesday denied reports that the hospitality start-up has filed for bankruptcy. The reports followed a petition admitted in NCLT for ₹16 lakh in contractual dispute against one of the subsidiaries of OYO. Reacting to a series of tweets and a document circulated on social media, Mr Agarwal in a tweet said, […]

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Are you retirement-ready?

Adjust the estimated value of your retirement portfolio at a pre-defined frequency Are you nearing retirement or aiming for an early retirement? If so, are you retirement-ready? In this article, we discuss why it is important for you to address your emotional readiness in addition to your financial readiness for a comfortable retirement. Financial readiness Retirement planning typically refers to […]

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Vistara to extend gate-to-gate luggage delivery service to Hyderabad, Bengaluru

Vistara has not decided yet which flights from Hyderabad and Bengaluru will have this service in phase 2 Vistara is planning to extend its gate-to-gate luggage delivery service, under which check-in luggage is taken from passenger’s home before the journey and delivered to their final residing place, to specific flights connecting Hyderabad as well as Bengaluru. The airline started the […]

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Delhi HC stays Future on Reliance deal

Court hands Amazon a win, asks why Biyani, other FRL promoters should not be sent to prison In a major victory for U.S.-based e-commence giant Amazon, the Delhi High Court on Thursday ruled that Future Retail Limited (FRL) and its promoters including Kishore Biyani “deliberately and wilfully” violated the order of an emergency arbitrator (EA) restraining FRL from going ahead […]

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Fuel demand has returned to pre-COVID levels: IOC’s Vaidya

‘March first-half diesel sales rise 7.4%; reflating economy to spur consumption’ India’s fuel demand, except for aviation turbine fuel, has returned to pre-COVID levels and a reflating economy will help consumption grow in the near future, the head of the nation’s top oil firm said on Tuesday. Fuel sales had fallen a record 45.8% in April when a nationwide lockdown […]

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Valli Arunachalam family moves waiver application

Bid to sue Ambadi, Murugappa family Valli Arunachalam and her family have moved a waiver application before the National Company Law Tribunal (NCLT), Chennai seeking waiver of the minimum shareholding requirement of 10% for maintaining the alleged oppression and mismanagement case against Ambadi Investments (AIL), the holding company of the ₹38,100-crore Murugappa Group, and also its family members. Moving the […]

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Piramal group gets RBI nod for DHFL acquisition

The resolution plan was approved by the CoC in its 18th meeting concluded on January 15, 2021 Piramal Group on February 18 said the Reserve Bank of India (RBI) is understood to have cleared the resolution plan for debt-ridden DHFL as approved by the Committee of Creditors (CoC). The CoC had approved a resolution plan submitted by a Piramal Group […]

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