WITHDRAWS BID
White House says zero chance Biden will withdraw, after POTUS says 'he screwed up'
Joe Biden is "absolutely not" pulling out of the US presidential race, his spokeswoman said Wednesday, as pressure mounted following his disastrous debate performance against Donald Trump. Biden has admitted he performed poorly in the debate, and was blunt in a radio interview recorded Wednesday with Wisconsin's Civic Media.
For truce, exit annexed areas, end NATO bid: Vladimir Putin to Ukraine
On the eve of a conference in Switzerland to which Russia has not been invited, Putin set out maximalist conditions wholly at odds with the terms demanded by Ukraine, apparently reflecting Moscow's growing confidence that its forces have the upper hand in the war.
Putin says Russia will cease fire if Ukraine pulls troops from four regions and drops NATO bid
President Putin stated that Russia would halt its military operations and engage in peace talks if Ukraine abandoned its NATO aspirations and withdrew its forces from four disputed regions. These conditions, set just before a peace conference in Switzerland, contradict Ukraine's demands. Putin's requirements include the complete withdrawal of Ukrainian troops from Donetsk, Luhansk, Kherson, and Zaporizhzhia. He emphasized that Russia would immediately cease fire and start negotiations once Kyiv agreed and began the withdrawal, alongside officially renouncing NATO membership plans.
Elon Musk withdraws lawsuit against OpenAI
Attorneys for Musk asked the California state court to dismiss the lawsuit, originally filed in February, without giving a reason for the move, according to a filing in San Francisco Superior Court.
Jet Airways Insolvency: Tribunal junks JKC request to transfer Rs 200 crore
The Jalan Kalrock Consortium (JKC), the successful bidder for grounded Jet Airways, withdrew its plea to move Rs 200 crore paid to lenders to an escrow account after the National Company Law Appellate Tribunal (NCLAT) refused to provide relief. The NCLAT bench, headed by Justice Ashok Bhushan, stated the matter is already before the Supreme Court. The consortium chose to withdraw its plea, citing ongoing disagreements between lenders and consortiums.
Paytm withdraws general insurance licence application; to focus on distribution-only model
Troubled fintech Paytm will increase focus on insurance distribution. It had earmarked Rs 950 crore to invest in the entity applying for the general insurance licence but it now expects to conserve that cash. The Noida-headquartered company will focus on distributing small ticket-size insurance products such as life, health, motor, shop and gadgets.
EaseMyTrip's Nishant Pitti, SpiceJet owner Ajay Singh pull out of Go First race
The Singh-Pitti consortium's pullout leaves the revival of Go First in jeopardy. They were the frontrunners for the troubled airline with a total bid of around ₹1,600 crore.
GoFirst loses a suitor as EaseMyTrip's founder Nishant Pitti withdraws bid
EaseMyTrip's CEO, Nishant Pitti, announced the company's decision to withdraw its bid for airline GoFirst, citing a focus on their core strengths. This move comes after the Delhi High Court's recent order allowing lessors to deregister and repossess Go First's planes, which impacted hopes of favorable valuation for the defunct airline's creditors. Previously, Pitti's EaseMyTrip, along with SpiceJet promoter Ajay Singh, had jointly bid for Go First.
Sandeshkhali woman alleges attack & threats after accusing TMC leaders of sexual abuse
A woman in Sandeshkhali alleged in a video shared on social media that she was attacked and dragged outside her residence by miscreants, who reportedly asked her to withdraw sexual abuse allegations against certain Trinamool leaders. She claimed to have filed a police complaint and mentioned being gagged and dragged near a pond before being left there. The authenticity of the video remains unverified. BJP leader Priyanka Tibrewal shared the video, claiming that TMC members were intimidating locals.
Another bank in crisis: RBI stops customers from withdrawing money; what are your rights as depositors if your bank fails?
What happens to your money if a bank fails in India? The Reserve Bank of India (RBI) has imposed restrictions on Shirpur Merchants' Co-operative Bank amid its worsening financial health. The most significant restriction? A freeze on customer withdrawals. The RBI has previously imposed similar curbs on troubled lenders like PMC Bank. But what recourse do depositors have when their bank hits a rough patch? And what should customers of Shirpur Merchants' Co-operative Bank do now? ET Wealth Online answers these critical questions.
RBI to revisit LCR framework in bid to shield banks from run
The central bank will issue a draft circular in this regard for comments of all stakeholders. Under the liquidity coverage ratio (LCR) introduced post the global financial crisis, banks are currently required to maintain a stock of high quality liquid assets (HQLA) to cover the expected net cash outflows in the next 30 calendar days.
Withdraw Parshottam Rupala's candidature or face nationwide protests: Rajput leaders tell BJP
Ahmedabad's tensions peak as Rajput leaders demand Rupala's withdrawal from Gujarat polls, rejecting BJP's reconciliation attempts. The community threatens nationwide protests, emphasizing the choice between Rupala and 22 crore Rajputs in India.
Lenders to sell Wind World (India) debt to NARCL, recover 18% dues
National Asset Reconstruction Company (NARCL) emerged as the winning bidder in an uncontested Swiss challenge auction for a majority debt of Wind World (India). NARCL offered Rs 670 crore to acquire Rs 3763 crore debt from lenders, providing an 18% recovery. The resolution process faced delays due to Covid-19 and internal disputes within the company.
Ukrainian forces don't have enough artillery to battle Russia. A key withdrawal Saturday shows that
Avdiivka was a stronghold for Ukrainian positions deeper inside the country, away from Russia. A frontline city ever since Russia first invaded Ukraine in 2014, the fortified settlement with a maze of trenches and tunnels served to protect important - less strengthened - logistical hubs further west.
Boeing withdraws bid for safety exemption for Boeing 737 MAX 7
Senator Tammy Duckworth, who chairs an aviation subcommittee, said last week she opposed Boeing's exemption request that would "prematurely allow the 737 MAX 7 to enter commercial service." She noted the exemption Boeing had sought "involves an anti-ice system that can overheat and cause the engine nacelle to break apart and fall off. This could generate fuselage-penetrating debris, which could endanger passengers in window seats behind the wing."
Binance withdraws Abu Dhabi licence bid as crypto giant weighs structure
The Binance unit, called BV Investment Management, pulled the application with Abu Dhabi's financial regulator, a spokesperson for Binance said on Thursday.
Jim Jordan withdraws speaker bid, supports McHenry as temporary speaker
Conservative Jim Jordan has suspended his campaign for the role of Speaker of the U.S. House of Representatives and is now supporting fellow Republican Patrick McHenry for the position. Jordan's bid to secure the necessary votes for the speaker's role faced opposition from both Democrats and fellow Republicans. This move has caused dismay among Republican hardliners who have had significant influence throughout the year.
Qatar's Sheikh Jassim withdraws bid to buy Manchester United
Qatari banker Sheikh Jassim Bin Hamad Al Thani has withdrawn his bid to buy Manchester United. The club has been exploring strategic alternatives for growth, including a full sale. Sheikh Jassim and British billionaire Jim Ratcliffe were front runners for the purchase, but the process has stalled despite fan anger towards the current owners, the Glazer family. The Glazers are reportedly holding out for a world record fee of over £6 billion. Sheikh Jassim's bid aimed to clear the club's debt, while Ratcliffe is willing to buy a smaller stake. Manchester United's performance on the field has also declined in recent years.
Commonwealth Games: Alberta withdraws support, ending 2030 Commonwealth Games bid
"Commonwealth Sport Canada has been informed by the Alberta government that they have decided to discontinue the exploration of a 2030 Commonwealth Games Bid," said Commonwealth Sport Canada in a statement. "We believe the recent decision by the Victorian government to withdraw from the 2026 Commonwealth Games was a significant factor in Alberta's decision, as well as an over-dependence on taxpayer's support for the planning and delivery of the Games.
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