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Future Lifestyle Fashions (FLFL) that ran the Central and Brand Factory stores has received two resolution offers, one each from scrap dealer Space Mantra and fashion retailer Donear Industries, people aware of the development told ET. Lenders had rejected Space Mantra’s Rs 550-crore offer for Future Retail because it was too low. Space Mantra was the sole resolution applicant for Biyani’s flagship company Future Retail. Donear Industries-owned textile maker GBTL had shown interest in acquiring Future Enterprises – an affiliate of FLFL- but eventually it did not submit a resolution plan.

WhatsApp has launched a 'Check the Facts' safety campaign to drive user awareness around its safety features and curb the spread of misinformation on the platform. The month-long campaign highlights the Meta-owned messaging platform's in-built product features, safety tools like block and report, and forward labels that equip users to spot misinformation and prevent its circulation.

Leading and emerging banks, fintech companies and some of Australia’s most iconic consumer brands are implementing AI-powered technology to revolutionise their customer engagement and lending offerings. Upon pairing this technology with human nous, explainable AI helps deliver great customer service and meet regulatory obligations while providing a competitive edge.

New York | Citigroup is eliminating more than 300 senior manager roles as part of chief executive Jane Fraser’s efforts to simplify the Wall Street giant.

ChatGPT and DALL E. Initial reports had claimed that Satya and Microsoft were blind sighted by OpenAI's decision and soon afterwards the Microsoft chief executive is also said to have affirmed his faith in AI industry's poster boy.

Reserve Bank of India. To avoid falling victim to mis-selling, customers must exercise caution and conduct thorough research before purchasing any financial product. Overemphasis on profitability: Some bank representatives may focus solely on the profitability of a product, without adequately considering whether it suits the customer's needs and risk appetite.

Tamil Nadu Weather Update: IMD issues yellow alert for THESE districts, predicts heavy rainfall. Details here It is to be further noted that when considering the monthly mean, Bengaluru has already surpassed the expected figures by a significant margin. This deviation is not solely attributable to daily rainfall but is instead a result of moderate to heavy rains occurring on two distinct occasions.

Wipro is selling two office assets in Bengaluru and Hyderabad to monetise non-core real estate holdings and streamline operations. The properties include parts of its campuses in Gachibowli, Hyderabad and Electronic City, Bengaluru, said multiple people aware of the company’s property divestment plans. “Wipro has identified the assets as non-core for them and is willing to divest both Bangalore and Hyderabad properties. With a hybrid work model, the move is to consolidate operation across different cities,” said one of the persons quoted above. The technology firm wants to divest 14 acres of land in Gachibowli, while it is assessing if it wants to divest the entire campus in the Electronic City, Bengaluru. “Wipro will consolidate its operation in Bangalore and is still deliberating if the entire 25 acres should be monetised in one go.

AMC Repo Clearing is in talks with the Securities and Exchange Board of India (Sebi) to find ways to bring down operational costs related to taxation rules and the role of intermediaries on the tri-party repo platform, which the government is banking on to deepen the corporate bond market. The clearing house, promoted by asset management companies and inaugurated by finance minister Nirmala Sitharaman in July, is discussing matters related to recent taxation changes for corporate bonds as well as regulatory guidelines related to entering tri-party repos and the costs associated with it, two market sources aware of the development told ET. «They (AMC Repo) are trying to bring down that cost to attract more participants following feedback from the market. One of the discussion points with Sebi is to do with the step announced in the budget regarding TDS (tax deductible at source) on corporate bonds,» one of the sources said. «Given the nature of a tri-party repo, there are complications arising from the move — if the TDS is deducted in the name of the AMC Repo, how is that transferred back? Moreover, there are issues surrounding the eligibility of the securities at the time of coupon payments,» the source said. A tri-party repo is a type of contract that includes a third party which acts as an intermediary between two entities — one lending against a security and the other borrowing with a commitment to repurchase (repo) the security at a later date.

Bank of India (Sidbi) and The National Small Industries Corporation (NSIC) will back Sorin Investments, the startup fund owned by Sanjay Nayar, the former head of private equity firm KKR India, in a major sign of confidence for the veteran banker and deal maker. Both Sidbi and the ₹10,000-crore Self Reliant India (SRI) Fund, owned by NSIC Venture Capital Fund (NVCFL), a 100% subsidiary of NSIC, will invest about ₹300 crore into Sorin, said multiple people aware of the development. The fresh investments will help Sorin close its maiden fund at ₹1,300 crore.

Yemen's Iran-backed Houthi rebels have seized an Israeli-linked ship in a crucial Red Sea shipping route and taken the 25-member crew hostage

Actress and activist Marlo Thomas is proud that this year St. Jude Children's Research Hospital's Thanks and Giving campaign celebrates its 20th anniversary and passes the fundraising milestone of $1 billion to support the hospital’s efforts to provide...

Citigroup Inc. is eliminating more than 300 senior manager roles as part of Chief Executive Officer Jane Fraser’s efforts to simplify the Wall Street giant. 

A handful of temporary workers from South Korea have arrived in Windsor to staff up a new Stellantis electric vehicle battery manufacturing plant, according to officials with the Ontario government, raising concerns that massive taxpayer subsidies could be used to employ international auto workers over Canadians.

John Oliver humorously criticized Apple TV+. While discussing the operations of Dollar Tree and Dollar General stores, Oliver highlighted TikTok videos featuring retail workers expressing grievances about their working conditions.

Arunachal Pradesh Chief Minister Pema Khandu ahead of assembly polls next year urged the people to campaign for a fair election that is based on performance and not on which candidate can pay how much in cash or kind. Arunachal will go to assembly polls along with the Lok Sabha election next year.Khandu attended a massive BJP meeting at the Seppa General Ground and laid the foundation for BJP district office to be constructed at Wessang. Setting the tone for the ensuing general and assembly elections, Khandu urged the karyakartas of the district to create awareness on the various welfare schemes and projects of both the central and state governments so that the last person in the remotest village can know what the BJP government is doing for him. Hailing BJP, the largest political party of the world, as the only party that can deliver, he said that BJP is the cleanest amongst all political parties.

Municipal Corporation of Delhi (MCD), PTI reported citing officials aware of the development. The monthly wages of skilled workers are likely to be increased by ₹528 to ₹20,903, that of semi-skilled workers by ₹494 to ₹18,993 and of unskilled labourers from ₹16,792 to ₹17,234, the official said. Now, the per day wage of an unskilled worker in Delhi will be ₹ 574.47, for semi-skilled ₹ 633.10 and for skilled workers ₹696.77.

ALSO READ: Tamil Nadu Weather Update: IMD predicts heavy rainfall in THESE districts for next 2 days. Details here "Today, there is a possibility of heavy to very heavy rainfall in Tamil Nadu, Puducherry and Karaikal.

Rohit Bajaj, Executive Director — Business Development,Strategy and Regulatory Affairs, IEX, says Now that the new regulation has come, this is GNA regulation where you can avail, you can take open access or you can schedule power up to 11 months in advance under short-term market. What we are doing is taking advantage of the regulation which is there, which is very market-friendly regulation, we are going to apply very shortly. “We are hoping that by January, we should be in a position to launch this contract.” The volume growth that you have clocked in has been fairly encouraging. Do you think that we can see a further margin expansion owing to the operating leverage? This last quarter was very good for us, Q2, where we registered close to 15% growth in overall volume terms. And after that, in October, we saw a huge demand increase. So on a year-on-year basis, the overall country's demand increased by about 22% and we got the lion's share of it. Our volume also increased by 20% in October. In the first seven months, we are at 12% and going forward as the supply constraint will further ease out because November, December, January, February, are generally the months where large supplies come in as not all the states are drawing.

Students, accompanied by their parents, arrived early this morning to attend their classes at a school in the Geeta Colony area today. This comes after the Delhi government announced that schools in Delhi will reopen for physical classes on Monday, November 20, 2023. The reopening is due to a significant decline in pollution levels and an improved Air Quality Index (AQI). The Directorate of Education had earlier this month declared a winter break from November 9-18 due to the poor air quality.

Making informed, unbiased decisions is paramount, yet often, our fears, comforts, and biases sway us away from crucial planning. Take, for instance, the choice between a London holiday and designing an estate plan: most people would opt for the former to evade the difficult decisions and complexities of estate planning. An estate plan is about the preservation and distribution of your wealth to loved ones during and after your lifetime, ensuring that your assets are passed down in accordance with your wishes while minimizing legal complications. Despite its significance, many fail to accord it the importance it deserves. Let’s explore the reasons behind this reluctance.