The recommendations of the commission will now be put before the empowered group of ministers headed by Finance Minister P Chidambaram for a final decision.
Tata Power saw a big sell-off, with the stock falling almost 8 per cent after declaring disappointing results for the October-December quarter (Q3) of 2023-24 (FY24) on Friday evening. The company reported net consolidated revenue of Rs 14,650 crore, up 4.4 per cent year-on-year (Y-o-Y), and earnings before interest, tax, depreciation, and amortisation (Ebitda) of Rs 2,607 crore, up 2 per cent Y-o-Y, in the quarter, led by higher sales across Odisha distribution companies (discoms) and capacity addition in renewables. This was well below consensus estimates.
Given the long distance from the closest land, the Indian Navy has deployed its state-of-the-art Boeing P-8I Poseidon long range maritime reconnaissance aircraft, which have the endurance to reach the location of the incident.
The World Bank has agreed to provide give a $900 million financial aid to Pakistan which is facing devastating flood that has affected 14 million people.
His dream of being inside the global top-100 has been realised but Sumit Nagal is nowhere close to being a content man as the Indian tennis ace says he now faces the challenge of improving or holding on to his standing for direct entry into Grand Slams and the Paris Olympics.
Ashish Narsale/Rediff.com takes a look at OnePlus's latest offering.
Serum Institute of India chief Adar Poonawalla will pay 138 million (about Rs 1,444 crore) for a Mayfair mansion in London in one of the city's most expensive home sales of the year
As the situation pans out the Israeli response to the large-scale attacks is also being observed, they said.
Gems & jewellery exports seen rising, too, as demand remains strong in all markets except Europe.
Positive Asian cues aided risk-on sentiments.
This would be the second cyclonic storm in the Arabian Sea this year.
Vaishnaw on Saturday said he had ordered a high-level probe into the derailment on Friday night.
Get Ahead reader Rohit Sane figures out notable distinctions between the two flagship phones on the basis of prominent features that matter.
Through this 6-inch alternative lifeline, hot khichdi was sent to the stranded workers for the first time since they were trapped.
The National Security Guard has shifted around 900 of its commandos rendering VIP security duties for training in specialist counter-terror operations as part of its original charter.
With the Telecom Regulatory Authority of India (Trai) refusing to reserve 900-MHz spectrum for incumbent telcos, asking them to vacate the quantity held and win back through bidding, GSM operators, led by the Cellular Operators Association of India (COAI), have decided to propose a compromise formula.
A government-run hospital in Maharashtra's Nagpur has reported the death of 14 patients in 24 hours, while another state-run medical facility in the city has recorded nine fatalities during the same period, officials said on Wednesday.
Japanese investment giant SoftBank is looking to partially exit from three startups which are aiming at an IPO next year - Ola Electric, Swiggy and First Cry. But its decision will depend on the size of the offer for sale pool in each of the companies. According to sources aware of the strategy, Softbank invested over $850 million collectively in these companies whose value conservatively would go up more than 4.3 times to around $3.7 billion, based on preliminary estimates of their projected valuation when they go public next year.
Ola Electric's initial public offering (IPO), of Rs 5,500 crore, is essentially aimed at ensuring the company maintain its top position in the electric two-wheeler segment, with incumbent players TVS and Bajaj Auto giving a fight to the number one player in market share. Most experts and competitors say the amount being raised is in line with the investment required to expand the electric-vehicle (EV) business. There are two discernible trends in the competitive electric two-wheeler market.
The Inter-Services Intelligence (ISI), which trained a batch of Assam's United Liberation Front of Asom (ULFA) militants in 1991-92, considered the rebel group's chief Paresh Baruah a prize catch and did not want to offend him even after he was unwilling to take the agency's commands on conducting operations in the northeastern state, claims a new book.
From its lows in December, the stock of Tata Motors is up about 15 per cent. The gains came on the back of better than expected December volumes in its UK-based subsidiary Jaguar Land Rover (JLR). This coupled with gradual recovery in the global passenger vehicle demand, improving profitability due to product mix and lower commodity costs are expected to be key positives for the company.
CDMA-based telecom operators have got a shot in the arm with a parliamentary committee recommending that the government allot the crucial 1,900 Mhz spectrum to players using this technology for expansion of services.
State police offers are currently investigating the veracity of allegations that extremists lure young women away from their families and then force them to convert to another religion.
The four astronauts are -- Prashanth Balakrishnan Nair, Angad Prathap, Ajit Krishnan, and Shubhanshu Shukla -- Modi said at the Vikram Sarabhai Space Centre (VSSC) at Thumba near the Kerala state capital.
The pacts were signed by Finance Minister P Chidambaram and German Development Minister Gerd Mller.
The mutual fund industry's assets under management (AUM) have likely breached the Rs 50 trillion mark following a rally in domestic equities this month. The industry's average AUM stood at almost Rs 48 trillion at the end of October. In November, the Nifty50 index has gained about 4 per cent so far, while smallcap and midcap indices have rallied close to 8 per cent.
Kirsten said it is not improbable if India can figure a way to make things right in the knockout games.
The market continued to downplay the serious monsoon threat, as the Sensex made further advancement in today's trades by breaching the 6,900-mark levels.
The Centre will invest around Rs 200 crore over five years for the exploration and development of these mines.
Over 900 Pakistani women were killed last year in the name of honour for allegedly shaming their families while nearly 4,500 others were the target of domestic violence, the country's top rights watchdog said in a report on Thursday.
Average housing prices have increased in the range of 13-33 per cent in the last three years across seven major cities on high demand, according to real estate consultant Anarock. Hyderabad's Gachibowli recorded the highest 33 per cent increase in average residential prices in the past three years. In Gachibowli, the average residential prices as of October 2023-end stood at Rs 6,355 per square feet as against Rs 4,790 per square feet in October 2020.
Three battalions of the Border Security Force comprising more than 3,000 personnel will move across the border from Odisha to Chhattisgarh and an equal number of Indo-Tibetan Border Police units will further move into the Naxal stronghold of Abujhmad as part of a strategy to intensify anti-Maoist operations in their last bastions, official sources said.
Ryan Giggs will have to wait a little longer before making his 900th appearance for Manchester United after being left out of the squad for the Europa League round-of-32 first-leg match against Ajax in Amsterdam on Thursday.
It's the most powerful Nokia Windows Phone but lacks that unique differentiating factor to get a lead in an Android dominated market.
Homegrown auto major Mahindra & Mahindra on Thursday said it will recall 900 units of a variant of its popular sports utility vehicle Scorpio, manufactured between October and November this year, to rectify faulty pressure valve.
Returning home after a five-day high-profile state visit to China, Maldives President Mohamed Muizzu on Saturday struck a defiant note saying that his country may be small but 'doesn't give them the license to bully us'.
US-based banking major Citigroup is likely to slash 900 jobs in its securities and banking division amid financial market turmoil, says a report.
Shares of Bajaj Finance sprinted 4.7 per cent to Rs 7,732 per share on the BSE in Thursday's (January 4) intra-day trade as the non-bank finance company's (NBFC's) December quarter business update reflected minimal impact of the Reserve Bank of India's ban on two of its lending products. The shares, eventually, ended 4.4 per cent higher at Rs 7,710 per share as against 0.69 per cent gain in the benchmark S&P BSE Sensex. The NBFC's asset under management (AUM) topped the Rs 3-trillion-mark at the end of December 2023, swelling by roughly Rs 20,700 crore (35 per cent year-on-year) to hit Rs 3.11 trillion-mark.
The number of companies had touched a low of 792 in July 2020 amid heightened uncertainty because of COVID-19.
Japan's Sumitomo Realty & Development Company will buy a 22-acre land parcel in central Mumbai from Bombay Dyeing for Rs 5,200 crore, the Wadias-run company said on Wednesday. The sale of the land parcel in Worli is one of the biggest land sale transactions in the history of the financial capital.
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