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This decision is focused on relieving companies associated with the telecom sector such as Vodafone Idea that has to spend thousands of crores in unprovisioned past statutory dues. The approval of this package is being considered as the big bang moment of the current scenario.
The Supreme Court of India supported Reliance Infrastructure's Rs 2800 crore arbitral award claim, leading DMRC to pay damages of Rs 2800 crore plus interest to Reliance Infrastructure arm, said CNBC-tv18 reports.
The highest court of justice further added that Future could not appeal a lower court's decision against it. People related to the case and knowledgeable about the happenings said the retailer is now asking the top court to hear the challenge.
Before its launch on September 10, the company has geared up for the pre-bookings of JioPhone Next by its users, reported 91mobiles.
Tata Consultancy Services and Reliance Industries successively emerged as top companies to race for the $100 billion marks, which they achieved by the year 2018, becoming India's first.
Aramco is eyeing a 20 per cent stake in the Reliance unit, which is roughly $20 billion to $25 billion. Reliance could reach an agreement with Aramco as soon as the coming weeks.
The Nifty Metal index was among the top Nifty gainer with a 1.5 per cent share rate. Oil & Gas, FMCG and Financial Services indexes also reached higher slots.
It had been alleged that Swiggy and Zomato were in the talks with electric scooter and bike aggregators like Spinny, Zypp and eBikeGo to switch 10 per cent of their fleets to electric by 2021.
The Bench had said that they would decide on whether the EA award fell under section 17 (1) of the Arbitration and Conciliation Act.
Mukesh Ambani's quotes are inspirational and motivational for every budding businessman across the globe.
Reliance Retail will be holding a 40.95 per cent stake in Just Dial while the remaining 26% of shares would be acquired through an open offer as per the takeover regulations of the market regulator SEBI.
The talks have underlined the ambition of Reliance’s CEO Mukesh Ambani to grow in the field of renewable energy rapidly.
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