Richest Indian Gautam Adani-led group's flagship firm on Wednesday filed an offer letter with stock exchanges for a proposed Rs 20,000 crore follow-on public offer (FPO). The FPO of Adani Enterprises Ltd (AEL) is planned to open on January 27 and close on January 31, according to the offer letter. Of the Rs 20,000 crore proceeds of the FPO, Rs 10,869 crore will be used for green hydrogen projects, work at the existing airports and construction of a greenfield expressway.
The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel was on Monday awarded to Ben S Bernanke, Douglas W Diamond, and Philip H Dybvig for their research work on bank regulation and how financial crises should be managed.
The Maharashtra government will bring an ordinance to grant OBC quota in upcoming by-elections to a set of local governing bodies without crossing the Supreme Court-mandated 50 per cent cap on reservation, said state minister Chhagan Bhujbal on Wednesday.
Villas-Boas was the sixth coach of the club since Abramovic took over the ownership of the club in 2003. Rediff.com brings you list of managers who tried to change fortunes at Stamford Bridge but failed to impress the Blues owner.
Companies don't have to be in the field to nudge people to return money they owe lenders.
There is a congruence of interests between Ukrainian intelligence and its Western mentors to destroy Wagner and eliminate it from the geopolitical chessboard altogether, argues Ambassador M K Bhadrakumar.
The EC had on Saturday issued a notice to the Karnataka Congress over its "corruption rate card" advertisements published in newspapers in the run-up to the May 10 state polls and sought "empirical evidence" to prove its allegations by Sunday evening.
Obed Hrangchal, a 28-year-old Indian Jew from Mizoram who immigrated to Israel in 2020, has won the Jewish state's kickboxing championship and is likely to represent the country in international competitions.
Continuing his tradition of spending Diwali with soldiers who protect the Motherland, Prime Minister Narendra Damodardas Modi on Thursday wished troops posted in the Nowshera sector of Jammu and Kashmir a Happy, Healthy and Safe Diwali.
Embattled Adani Group on Monday said it has put on hold major equipment procurement and site construction activities for the Rs 34,900 crore petrochemical project at Mundra in Gujarat as the project has not yet tied up finances. The group's flagship Adani Enterprises Ltd (AEL) incorporated a wholly-owned subsidiary, Mundra Petrochem Ltd in 2021 for setting up a greenfield coal-to-PVC plant at Adani Ports and Special Economic Zone (APSEZ) land in the Kutch district of Gujarat. Asked by stock exchanges to comment on a PTI report on Sunday that the group has suspended work on the project, AEL said, "The financial closure of the Green PVC project of Mundra Petrochemicals Limited ( MPL) is pending with the financial institutions and it is in their active consideration."
A gradual approach to privatise public sector banks (PSBs) is more ideal than taking a big-bang approach, a study by Reserve Bank of India (RBI) staff has concluded. It has backed the government's idea to privatise two PSBs initially. Such a gradual approach would ensure that large-scale privatisation does not create a void in fulfilling important social objectives of financial inclusion and monetary transmission, the study has argued.
He called it the party's attempt at trying to lock up those who worship Hanuman. He claimed that the Congress had earlier locked up Lord Rama and now it wanted to lock up those who chant 'Jai Bajrang Bali' (Hail Hanuman).
The Night Manager has no surprises, feels Deepa Gahlot.
Elections to 92 nagar parishads and four nagar panchayats in Maharashtra will be held on August 18, the State Election Commission (SEC) announced on Friday.
Rupert Murdoch's media empire came under further attack over the weekend.
New ramp styles you'll want to try right now!
Rocky Aur Rani Kii Prem Kahani packs in abundant entertainment and hat tips to the KJo brand, observes Sukanya Verma.
The jewel-encrusted Topkapi dagger and the enormous Spoonmaker's Diamond set amongst two more rows of diamonds were truly gape-worthy!, Letika Saran tells us after a fascinating encounter with Istanbul.
Glimpses of the late queen Elizabeth's encounters with India and Indian leaders.
'America's latest post-Cold War tryst with neo-con global political evangelism in Iraq is nearing the end of the trail.'
'I'm lucky. What I really want to say is that my main overwhelming feeling is gratitude'
'I feel eyebrows change the expressions on a face.'
Billionaire Gautam Adani-led promoter group has paid off all of the $2.15 billion loans taken pledging their shares in the conglomerate, and only debt at operating company level remains, Adani Group said seeking to assure investors of its ability to repay debt. Adani Group in a statement termed reports of the group not completing repayment of $2.15 billion share-backed debt "baseless and deliberately mischievous." "Adani has completed full prepayment of margin linked share-backed financing aggregating to $2.15 billion (as was announced on March 12) and all corresponding shares pledged for those facilities have been released," it said.
'Not many know that Ratan Tata became chairman of Tata Sons because of Cyrus's father Pallonji Mistry. But he (Cyrus) never used it or leveraged it to his benefit.'
Charles will be crowned the King of the United Kingdom amid spectacular pomp and pageantry at Westminster Abbey in London on Saturday in a solemn religious ceremony that dates back almost a thousand years.
With Raksha Bandhan upon us, let's take a look successful companies run by brothers and sisters.
When Jaipur's Maharaja Madho Singh was invited to attend King Edward VII's coronation in 1902, he chartered a ship for Rs 15 lakh for the journey. He also carried 27,000 litres of Ganga jal on board. Prakash Bhandari recalls the maharaja's voyage to attend a British monarch's coronation on a day when Charles III will be crowned king at Westminster Abbey.
Even those with no knowledge of the inner workings of the media and police, would find Scoop absorbing as a human drama and the story of the resilience of a woman, her family and true friends, applauds Deepa Gahlot.
He is focussing on tightening the belt of the conglomerate left bloated by explosive growth under his predecessor.
If reports are to be believed, the hunt to find the next 007 may be over.
The Opposition is also expected to target the Eknath Shinde-led government on shifting of mega projects like Foxconn to Gujarat, according to political observers.
'There is only one common feature between Gorbachev and Putin.' 'They are both patriots, and both try to save Russia and make it great.' 'But in very, very, different ways.'
More shares belonging to companies of the embattled Adani Group have been pledged as security for loans taken by the group's flagship firm, a trustee said. SBICap Trustee in notices to stock exchanges said that a further 0.99 per cent shares in Adani Green Energy Ltd were pledged "for the benefits of the lenders" of Adani Enterprises Ltd. An additional 0.76 per cent shares in Adani Transmission Ltd were also pledged to banks, the trustee said. SBICap, which is a unit of State Bank of India (SBI), however did not give details of the loans taken by Adani Enterprises for which the pledge was created.
The Uttar Pradesh government on Thursday issued a provisional list of reserved seats for mayors of municipal corporations, and chairpersons of municipal councils and nagar panchayats for the three-tier urban elections.
Let's take a look at six diamond kings of India who have captured the hearts and wallets of customers around the world.
Apart from his vision, what helped Ratan Tata pursue his global dreams was the phenomenal success of Tata Consultancy Services, which is 74 per cent owned by Tata Sons.
While closing the contempt proceedings, the bench observed that the matter ought to have come up for hearing earlier.
The question 'Who was/were behind Aditha Karikalan's killing?' will continue to remain a historic mystery despite Mani Ratnam setting out to unravel it in his own way, points out N Sathiya Moorthy.
Indians are becoming much more spendy and discerning travellers and look for places that can offer them a 'new' kind of experience.
