The consortium will pay the money from internal accruals, sale of assets of Jet Airways and cashflow after the resumption of operation.

Citing the low interest rate environment and tough market conditions, HSBC ditched its goal of achieving a return on tangible equity of 10 to 12%, and said instead it will aim for 10% over the medium term

Earlier in the day, the apex court had allowed the NCLT, Mumbai to continue with the proceedings but asked not to pass a final order on the amalgamation of Future Retail Ltd (FRL) with Reliance Retail

Stock Market News Updates Today: Global equities were buoyed today as positive macroeconomic data flow and hopes of a COVID-19 vaccine boosted investor sentiment

Stocks to watch today on February 23: RIL, Airtel, HDFC Bank, Vedanta, UPL, Info Edge, Bharat Forge among others are the top stocks to watch out for in Tuesday's trading session

After demerger, holding company RIL will have upstream exploration and production business, financial services, treasury and textile business, while RIL O2C Ltd will have an oil-to-chemical business comprising refining and petrochemicals, fuel retail, and control over global subsidiaries of RIL

The administrator of the company received an initial report from the professional agency appointed as the transaction auditor indicating that there are certain transactions which are undervalued, fraudulent and preferential in nature, DHFL said in a regulatory filing

Proceedings before the NCLT will go on but will not culminate into any final order on the amalgamation of Future Retail with Reliance, says the Supreme Court

Stock Market News Updates Today: M&M, Axis Bank, L&T, Maruti traded among the top losers on Sensex pack. Meanwhile, ONGC, HDFC, Tech Mahindra traded among the top gainers

Stocks to watch today on February 22: Jet Airways, PNB Housing, Karnataka Bank, Axis Bank, Inox Leisure among others are the top stocks to watch out for in Monday's trading session

DHFL stock rose 4.99% to Rs 18.95 on BSE. Market cap of the firm stood at Rs 594 crore. DHFL share has gained 32.98% in the last 6 days

Debt-ridden DHFL's Committee of Creditors (CoC) had in January approved the resolution plan submitted by Piramal Capital for the company.

Amazon's strategy behind the joint ventures was to boost sales indirectly; the e-commerce giant removed the products sold by Cloudtail and Appario from the platform in 2019

Amazon has also asked for restraining Future Retail from taking any steps to further the deal with Reliance until the final award is granted in the Singapore arbitration

The NCLT order had directed the government to appoint a five-member committee to enquire into various issues including affairs of the Club, which were alleged to be conducted in a manner prejudicial to public interest

The settlement order came after the company filed an application with the regulator proposing to settle the matter without admitting and denying the alleged violations

Amit Agarwal, SVP and Country Head, Amazon India briefed Ravi Shankar Prasad, Minister for Communications, Electronics & Information Technology and Law & Justice on its plans to begin manufacturing Amazon devices in India

Kishore Biyani-led homegrown retailer claimed in a submission to the emergency arbitrator that Abhijeet Mazumdar, head of corporate development and private investments at Amazon made a verbal offer to Future Group promoter on behalf of the e-tailer

Crisis-ridden DHFL said during this quarter, additional transaction amounting to Rs 1,039.84 crore has been identified and reported by the company to stock exchanges and National Housing Bank (NHB)

The tribunal further stated that Amazon should not be a perpetual objector. It heard Future Group's appeal to convene a shareholder meet