Gold and diamond retail chain Malabar Gold & Diamonds will be investing Rs 1,600 crore in FY22 to launch 56 stores globally with 40 across India and 16 internationally in FY22 to further boost its retail presence across the globe. The move is expected to generate over 1,700 jobs. In India, the expansion strategy is centred in states like Tamil Nadu, Telangana, Andhra Pradesh, Karnataka, Maharashtra, Delhi, West Bengal, Uttar Pradesh, Odisha and Kerala. Internationally, the expansion will be in markets such as Singapore, Malaysia, Oman, Qatar, Bahrain and UAE.
In a first step towards succession plan, Chennai-based fast-moving consumer goods (FMCG) major CavinKare on Monday announced the restructuring of its businesses and also roped in the generation next giving charges of separate business verticals. Announcing the restructuring on Monday, CK Ranganathan, chairman and managing director of CavinKare indicated that the business will be split into mainly four different streams - FMCG, ecommerce, retail and research and development.
Attributing the delay in debt servicing to a liquidity crisis, the company said its total indebtedness was Rs 518 crore.
World soccer governing body FIFA had said in April that it would be flexible with transfer windows and allow them to be moved "so they fall between the end of the old season and the start of the new season."
Gold, which lost its sheen to some extent in the second half of 2021, is likely to regain the glitter in the New Year and cross the Rs 55,000-per-10-grams level amid pandemic woes, inflation worries and stronger US dollar. After a stellar run up in 2020 when the yellow metal touched a record high of Rs 56,200 on the MCX in August, the prices are near Rs 48,000 per 10 grams now. This is roughly 14 per cent lower from the all-time highs and 4 per cent lesser compared to January 2021 levels.
While questions may arise over the sheer dominance of a single corporate group in running airports in the country, it pretty much fits into the government's plan to get out of this space and earn revenue without working for it.
Culling of chickens and ducks began on Tuesday in parts of Kerala to contain the H5N8 strain of bird flu, while Jammu and Kashmir sounded an alert and started collecting samples from migratory species after Himachal Pradesh, Rajasthan and Madhya Pradesh reported cases of the avian influenza.
The COVID-19 facility, which will be 1,700 feet long and 700 feet wide, will have 200 enclosures with 50 beds each.
The football leagues have set April 30 as a date for a possible return to action but that appears to be optimistic given the country is under restrictions which stop people leaving their homes for non-essential reasons.
He claimed Maharashtra is the only state which has upgraded its health infrastructure to tackle the pandemic 'like no other country has done'.
Chennai is one of the cities where works have been completed for almost 62 per cent of the money lined up -- Rs 599 crore of the Rs 959 crore has been utilised so far. Despite this, there was no respite for the people in the city this time either, with North Chennai being the worst affected.
That would reverse the growth trend of around 11 per cent per annum, which the industry has logged over the past ten years, making it one of the most adversely-affected sectors of the economy.
Verification of 733 persons under the four categories of bedridden, mentally challenged, physically handicapped and those suffering from cancer has been completed, Kasaragod collector said.
The semi-high speed train is scheduled to be flagged off by Prime Minister Narendra Modi on February 15.
The percentage of women in the Army and the Indian Air Force is 0.56 and 1.08 respectively.
The so-called high networth individual portion saw 620x more demand than shares on offer.
Chelsea assistant coach Marco Ianni was charged with improper conduct by the Football Association on Monday after his exuberant celebrations in front of the Manchester United bench sparked an altercation with Jose Mourinho.
Sweden's players suffered a rude awakening ahead of their World Cup quarter-final clash with England when the fire alarm went off at their hotel in Samara on Saturday morning, leading it to be evacuated.
On an average, there are 970 flight arrivals and departures at the Mumbai airport every day.
As of March 25, life insurers have paid Rs 1,986 crore towards 25,500 Covid death claims
Food delivery platform Zomato's initial public offering was oversubscribed on the opening day on Wednesday with retail investors bidding for 2.7 times the number of shares reserved for them. The offer received bids for 75.60 crore equity shares against an IPO size of 71.92 crore, stock exchange data showed. Retail investors sought 2.69 times the portion reserved for them. Against 12.95 crore shares reserved for retail individual investors, 34.88 crore shares were bid by 1700 hours.
After the Onam festivities, medical experts had predicted that the TPR would go beyond 20 per cent and that the number of infections would rise further.
Maharashtra's Labour Minister Dilip Walse-Patil has sought a written submission from the General Motors' (GM) Employees Union and the management of the company detailing its stance on the issue of plant closure. The labour minister asked the warring sides for submission at a hearing on Tuesday. Both sides have been given a week's time to reply.
The Daily Mail website said former Germany international midfielder Ozil was driving his black Mercedes when the car was boxed in by motorbike riders wearing helmets.
The 182-metre statue of Vallabhbhai Patel will be dedicated to the nation on his birth anniversary in Narmada District of Gujarat.
Delhi's young wicketkeeper-batsman Rishabh Pant got his maiden Test call-up as he was picked up as the additional glovesman along with Dinesh Karthik after Wriddhiman Saha was ruled out with injury for the upcoming five-match Test series against England.
It said any organisation or agency conducting any opinion or exit polls, while publishing the result, must indicate the sample size of the electorate covered by such polls and geographic spread of survey.
Rajneesh Gupta lists the Pakistan players's T20 Internationals records updated after the game against Scotland in the T20 World Cup.
Rajneesh Gupta lists the Namibian players's T20 Internationals records updated after the game against New Zealand.
Soon after Unlock 1, the industry - which is estimated to polish nine of 10 rough diamonds in the world - resumed operations, but a surge in cases at diamond polishing cluster, especially in Katargam and Varachha, forced units to go into a voluntary lockdown, which continued until recently.
Rajneesh Gupta lists the Sri Lankan players's T20 Internationals records updated after the game against England.
Strict norms for arriving international passengers, especially from 'at-risk' countries, will come into effect from Tuesday midnight and authorities are stepping their vigil for effective surveillance amid mounting concerns over the emergence of the coronavirus variant Omicron.
Ajit Mishra answers reader queries on the stock market.
While Uttar Pradesh has allowed 837 trains, Bihar has permitted 428 and Madhya Pradesh more than 100.
Students may choose between weekday and weekend batches, and attend scheduled online maths and science classes based on their school curriculum.
Rajneesh Gupta lists the Pakistan players at the T20I World Cup and their T20 Internationals records.
Piramal Enterprises on Friday claimed that its bid for resolution of debt-ridden mortgage lender DHFL is highest and fully compliant with regulatory norms. Since the conclusion of the fifth and final round of the bidding process last month, Piramal Enterprises and the US-based Oaktree Capital are claiming that their bids are the highest and fully implementable. According to sources, suitors have submitted bids in the range of Rs 35,000-37,000 crore.
The outbreak of a new strain of coronavirus, first detected in the Chinese city of Wuhan, in Hubei province, has led to massive efforts to quarantine major cities and halt the spread. As of Thursday, the nationwide death toll from China's novel coronavirus epidemic has jumped to 170 with 38 more fatalities while confirming more than 1,700 new infections. Since then, it has been described as a "ghost town" with residents staying home, cars banned from the roads and store shelves emptied of masks, disinfectants and even full body suits. Here are some scenes from Wuhan, the epicentre of the virus outbreak.
Will Ishan Kishan get Rs 15.25 crore for one year, or for three years? Do the players get their IPL payments, whether it is in full or in part, and what is the payment schedule? Harish Kotian/Rediff.com explains all you need to know about IPL player payments.
An order issued by the ministry of home affairs on Wednesday said Deputy Inspector General Meena has been "recalled" by the Central Reserve Police Force. Another CRPF DIG, Rajeev Ranjan Kumar, will be the new CEO of the canteens board with immediate effect for a period of three months, it added.
