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In his latest petition in the NCLT, Ravi Prakash said the TV9 channel had run into losses ever since the new management took over the company.( D Ravinder Reddy/HTPhoto)

TV9 former CEO Ravi Prakash moves tribunal to buy majority stake in company

By Srinivasa Rao Apparasu | Hindustan Times, Hyderabad
UPDATED ON SEP 15, 2020 09:05 AM IST
Ravi Prakash, who was founder-director of ABCL was sacked as director and CEO on May 10 last year for allegedly cheating the company promoters.
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HT Image
HT Image

GK supports allowing women to sing hymns at Golden Temple

By HT Correspondent | Hindustan Times, Chandigarh, Chandigarh
PUBLISHED ON NOV 08, 2019 11:08 PM IST
Opposes government intervention into religious matters; says rights of broadcasting of live kirtan from the shrine be given to all Punjabi channels
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Synergy Group Corp is willing to take a majority stake in Jet Airways.(Abhijit Bhatlekar/Mint photo)
Synergy Group Corp is willing to take a majority stake in Jet Airways.(Abhijit Bhatlekar/Mint photo)

Deals Buzz: Blackstone may exit auto parts JV Sona Comstar via IPO in two years

By Ridhima Saxena | livemint, Mumbai
UPDATED ON SEP 03, 2019 11:34 AM IST
In other news, private equity firm Everstone Capital-backed Modern Foods is back in the Delhi-National Capital Region after 14 years with the acquisition of a majority stake in city-based Supreme Baker India Pvt. Ltd.
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Mobile gaming platform Nazara Technologies Wednesday said it has acquired a majority stake in sports content website Sportskeeda.com(Photo: Twitter)
Mobile gaming platform Nazara Technologies Wednesday said it has acquired a majority stake in sports content website Sportskeeda.com(Photo: Twitter)

Gaming firm Nazara acquires Sportskeeda

By M. Sriram
PUBLISHED ON AUG 21, 2019 10:14 PM IST
Investments and acquisitions have been a key part of Nazara’s growth strategy, with bets in the past year or so including fantasy gaming platform HalaPlay, and real money quiz app Qunami
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Later in the day, Kuldeep Sharma, company secretary and vice-president of global compliance, joined the list of exits, according to regulatory filings by Jet Airways.(HT Photo)
Later in the day, Kuldeep Sharma, company secretary and vice-president of global compliance, joined the list of exits, according to regulatory filings by Jet Airways.(HT Photo)

CEO, CFO quit as Jet Airways rescue talks drag on

By Rhik Kundu | Hindustan Times, Mumbai
UPDATED ON MAY 15, 2019 10:03 PM IST
Vinay Dube, chief executive officer (CEO), and Amit Agarwal, deputy CEO and chief financial officer, put in their papers, adding to the growing list of top-level exits at the Mumbai-based carrier.
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The airline has around 119 aircraft in its fleet. In the last few weeks, the airline has been grounding its aircraft in tranches due to non-payment of dues to lessors.(PTI File)
The airline has around 119 aircraft in its fleet. In the last few weeks, the airline has been grounding its aircraft in tranches due to non-payment of dues to lessors.(PTI File)

Less than 15 aircraft of debt-hit Jet Airways currently operational, says government

By Press Trust of India | Hindustan Times, New Delhi
UPDATED ON APR 03, 2019 01:26 PM IST
Less than 15 aircraft of debt-hitJet Airways currently operational, news agency PTI quoted Civil Aviation Secretary Pradeep Singh Kharola as saying.
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Workers cover the cockpit window of a Jet Airways aircraft parked at the Chhatrapati Shivaji Maharaj International Airport in Mumbai on March 26.(REUTERS)
Workers cover the cockpit window of a Jet Airways aircraft parked at the Chhatrapati Shivaji Maharaj International Airport in Mumbai on March 26.(REUTERS)

Pilots of Jet Airways defer strike, seek salary dues by April 14

By Rhik Kundu | Hindustan Times, Mumbai
UPDATED ON APR 01, 2019 02:19 AM IST
The pilots’ union has decided to give Jet’s new interim management until April 14 to clear salary dues “in conjunction with interim funding”, and deferred the plans of a strike until then, the National Aviators Guild said in a statement to its members.
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Lessors doubt Jet Airways rescue plan, pull out more planes: Report(HT MINT)
Lessors doubt Jet Airways rescue plan, pull out more planes: Report(HT MINT)

Lessors doubt Jet Airways rescue plan, pull out more planes: Report

By Reuters | Singapore/Bengaluru
UPDATED ON FEB 21, 2019 06:17 PM IST
Nine of Jet’s planes have been grounded by lessors, versus the four it reported last month, with AerCap Holdings NV and BOC Aviation Ltd among those who have pulled out planes, sources told Reuters.
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The Supreme Court on Tuesday sought response from ParsaKente Collieries Ltd (PKCL), a subsidiary of Rajasthan Rajya Vidyut Utpadan Nigam Ltd (RRVUNL) over a plea seeking cancellation of coal blocks allocated to it and being run by Adani Enterprises Ltd.(HT Photo)
The Supreme Court on Tuesday sought response from ParsaKente Collieries Ltd (PKCL), a subsidiary of Rajasthan Rajya Vidyut Utpadan Nigam Ltd (RRVUNL) over a plea seeking cancellation of coal blocks allocated to it and being run by Adani Enterprises Ltd.(HT Photo)

Supreme Court seeks colliery reply on mining

By HT Correspondent | Hindustan Times
PUBLISHED ON NOV 27, 2018 11:14 PM IST
The petition said the Adani Group owns 74% stake in the company and that the rest is held by RRVUNL. The company was re-allocated the coal block and allowed to carry on mining in 2015, it claimed.
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Denise Coates, the British founder and chief executive officer of online bookmaker Bet365 Group Ltd., is more than 10 times richer than Queen Elizabeth II on the back of the bookmaker’s latest accounts.(Getty Images)
Denise Coates, the British founder and chief executive officer of online bookmaker Bet365 Group Ltd., is more than 10 times richer than Queen Elizabeth II on the back of the bookmaker’s latest accounts.(Getty Images)

This British woman is more than 10 times richer than the Queen

By Bloomberg | Bloomberg
UPDATED ON NOV 24, 2018 06:19 PM IST
Denise Coates, 51, has a net worth of $4.5 billion thanks to her majority stake in closely held Bet365, according to the Bloomberg Billionaires Index, and joined the ranks of the world’s 500 richest people for the first time Friday.
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Jabong to lay off 200 employees, to be merged with Myntra, as per a report.(Twitter/Jabong)
Jabong to lay off 200 employees, to be merged with Myntra, as per a report.(Twitter/Jabong)

Jabong to lay off 200 employees, to be merged with Myntra: Report

UPDATED ON NOV 16, 2018 01:28 PM IST
Walmart will lay off nearly 200 employees at Jabong and integrate the online fashion retailer into Myntra, Livemint reported on Friday, days after the head of Flipkart Group Binny Bansal resigned following an internal probe into a “serious personal misconduct”.
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Labourers rest in front of an advertisement of Reliance Industries Limited at a construction site in Mumbai, India, March 2, 2016.(Reuters File Photo)
Labourers rest in front of an advertisement of Reliance Industries Limited at a construction site in Mumbai, India, March 2, 2016.(Reuters File Photo)

RIL posts record Rs 9,516 crore profit in Q2

By Press Trust of India | Press Trust of India, New Delhi
UPDATED ON OCT 17, 2018 07:53 PM IST
Reliance Industries Wednesday said it will buy majority stakes in Den Networks Ltd and Hathway Cable and Datacom Ltd for Rs 5,230 crore.
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Michael Bambang Hartono,billionaire and professional bridge player.(Bloomberg)
Michael Bambang Hartono,billionaire and professional bridge player.(Bloomberg)

Indonesia’s cigarette billionaire pursues dream of winning gold at Asian Games

By Tassia Sipahutar | Bloomberg
UPDATED ON AUG 23, 2018 03:51 PM IST
Michael Bambang Hartono’s family owns a conglomerate that is among the top cigarette makers in Indonesia .
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In May, Walmart announced acquisition of 77 per cent stake of Flipkart in its biggest takeover till date.(Mint)
In May, Walmart announced acquisition of 77 per cent stake of Flipkart in its biggest takeover till date.(Mint)

CCI clears US $16 billion Walmart-Flipkart deal

By Press Trust of India | Press Trust of India
PUBLISHED ON AUG 08, 2018 09:43 PM IST
Welcoming the regulator’s decision, Walmart said it remains committed to contributing to the Indian economy by supporting smallholder farmers, manufacturers, and its Kirana customers.
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LIC has been looking to enter the banking space by acquiring a majority stake in IDBI Bank as the deal is expected to provide business synergies despite the lender’s stressed balance sheet.(Reuters File Photo)
LIC has been looking to enter the banking space by acquiring a majority stake in IDBI Bank as the deal is expected to provide business synergies despite the lender’s stressed balance sheet.(Reuters File Photo)

LIC board approves acquisition of up to 51% stake in IDBI Bank

By HT Correspondent | Press Trust of India, New Delhi
UPDATED ON JUL 16, 2018 02:59 PM IST
LIC’s buying stake in IDBI Bank will help the debt-ridden state-owned bank get a capital support of Rs 10,000- 13,000 crore.
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