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PE major Advent snaps up Eureka Forbes for Rs 4,400 cr

PE major Advent snaps up Eureka Forbes for Rs 4,400 cr

Rediff.com3 days ago

After a long wait, the Shapoorji Pallonji Group has closed the sale process of its consumer durables business under the Eureka Forbes label by picking the American private equity fund Advent International's Rs 4,400-crore offer for a 72 per cent stake. The sale process, which began in November 2019, will help the over 156-year-old SP Group pair the debt pile and sharpen the focus on the flagship construction and engineering business under Afcons. The valuation of Rs 4,400 crore for a 72.56 per cent stake is is at an enterprise level and subject to closing adjustments and also includes an open offer for the remaining stake after the demerger and listing of Eureka Forbes, the SP group said in a statement on Sunday.

Anita Kishore, Brain behind Byju's Acquisitions

Anita Kishore, Brain behind Byju's Acquisitions

Rediff.com31 Aug 2021

Byju's, says Anita Kishore, has given the founders of the businesses it has acquired the independence to operate separately and maintain their core culture.

Hindu group objects to 'dismantling Hindutva' conference in US

Hindu group objects to 'dismantling Hindutva' conference in US

Rediff.com21 Aug 2021

Conference organisers, who are requesting anonymity, claim the three-day event starting September 10 is cosponsored by more than 45 centres or departments at over 40 universities, most of whom are from the United States.

'A perfect body is not a size zero'

'A perfect body is not a size zero'

Rediff.com20 Aug 2021

The Broken But Beautiful 3 star opens up about her fitness mantra, her diet regime and more.

Tennis: Osaka stunned by Teichmann at Cincinnati

Tennis: Osaka stunned by Teichmann at Cincinnati

Rediff.com20 Aug 2021

Opelka, Kyrgios included in Team World for Laver Cup.

10 Tips to SUCCEED in the Gig Economy

10 Tips to SUCCEED in the Gig Economy

Rediff.com11 Aug 2021

You have to make yourself visible and create opportunities for yourself, advises Gaurav Goyal, co-founder, Scalenut.

'Dominant castes must put their empathy cap on'

'Dominant castes must put their empathy cap on'

Rediff.com4 Aug 2021

'Our senselessness on caste issue has gone so deep that we need to have a sensitivity test on why we as Indians have become so numb to such mindless violence.'

RERA: Only 22% happy with grievance redressal system

RERA: Only 22% happy with grievance redressal system

Rediff.com28 Jul 2021

However, the report pointed out that the implementation of the grievance redressal process still has many gaps as "only 22 per cent of the consumers involved in a grievance redressal process were satisfied due to the uncertain timelines involved". The Real Estate (Regulation and Development) Act, 2016, was passed by Parliament in March 2016.

Can Zomato match the exuberance over its IPO?

Can Zomato match the exuberance over its IPO?

Rediff.com28 Jul 2021

Food delivery platform Zomato had investors eating out of its hand recently. Its initial public offering (IPO) drew bids worth $46.3 billion and was nearly 40 times oversubscribed. While retail investors came out in large numbers, big institutional investors also placed major bets, with the subscription for their category at 52 times the shares on offer. Even before the IPO opened, Zomato raised $562 million from 186 big financial investors, including marquee names such as Tiger Global, BlackRock, JPMorgan and Morgan Stanley.

'Japan's' Korean gold medallist's lesson in Olympic spirit

'Japan's' Korean gold medallist's lesson in Olympic spirit

Rediff.com15 Jul 2021

For all of Sohn's efforts at reconciliation, Japan has had an awkward relationship with him and his legacy.

Recent evidence points to natural origin of Covid: Report

Recent evidence points to natural origin of Covid: Report

Rediff.com6 Jul 2021

The same team of scientists had last year dismissed the lab leak idea as a conspiracy theory in a report also published in The Lancet.

Cyber attack: 10 tips to protect yourself

Cyber attack: 10 tips to protect yourself

Rediff.com23 Jun 2021

Confident that a cyber attack won't affect you? Think again, says Nandakishore Harikumar.

Consumer anxiety at highest levels since Covid outbreak

Consumer anxiety at highest levels since Covid outbreak

Rediff.com14 Jun 2021

Consumer anxiety is at the highest levels since the outbreak of coronavirus pandemic in India with the less affluent most skeptical about economic outlook while a majority of consumers think their income in the next six months will be lower than the pre-COVID levels, says a latest study. As per the COVID-19 consumer sentiment research by global management consulting firm Boston Consulting group (BCG) conducted between May 23 and May 28, 2021, covering around 4,000 respondents across metros, tier I, II, III, IV and rural India, 51 per cent of consumers expected their spends over the next six months to be lower. In the last round of survey conducted from July 20 to August 2, 2020, the figure stood at 40 per cent.

Delhi hospital reports 'first-ever' white fungus case

Delhi hospital reports 'first-ever' white fungus case

Rediff.com27 May 2021

"White fungus (Candida) causing multifocal perforations in the food pipe, small bowel and large bowel in COVID-19 infection has not been reported in literature to the best of our knowledge," Dr Anil Arora, Chairman of the Institute of Liver, Gastroenterology and Pancreaticobiliary Sciences at the hospital, said.

'We have tided over the crisis in this part of the country, hopefully'

'We have tided over the crisis in this part of the country, hopefully'

Rediff.com15 May 2021

'In the second wave, probably due to the mutants, probably due to COVID-19-inappropriate behaviour, we are seeing it coming in the younger population, say from ages 30 to 50.' 'Also, we've seen that sometimes they deteriorate pretty rapidly and therefore we may need to keep a closer watch on the symptoms and on the oxygen levels at home.'

KKR's Cummins set to become a dad

KKR's Cummins set to become a dad

Rediff.com10 May 2021

Cummins was the first cricketer in the IPL to make a donation to help India's fight against the virus.

The Singapore Soldier Who Became A Bollywood Actor

The Singapore Soldier Who Became A Bollywood Actor

Rediff.com28 Apr 2021

'I don't know if I became an actor, I was just trying to book jobs and survive.'

'Of course! It breaks your heart'

'Of course! It breaks your heart'

Rediff.com28 Apr 2021

'My father never saw any success for me. 'When I meet him in the next world, I will proudly say that I didn't buy houses and cars, but I made some art that will hopefully stand the test of time.'

What to WATCH on OTT

What to WATCH on OTT

Rediff.com31 Mar 2021

Intrigue filled whodunits, slice-of-life dramas, fast-paced animation, Sukanya Verma tells us what you can catch on OTT this week.

Anish Shah is new MD-CEO of Mahindra group

Anish Shah is new MD-CEO of Mahindra group

Rediff.com27 Mar 2021

When Anand Mahindra becomes non-executive chairman in November, Shah will become the first professional MD and CEO in the history of the Mahindra group to have a complete oversight of and responsibility for the Mahindra group businesses.

IIM-C records 100% placement, avg salary up by 4%

IIM-C records 100% placement, avg salary up by 4%

Rediff.com8 Mar 2021

172 firms participated in the final placement process.

Priyanka reveals her fight with depression

Priyanka reveals her fight with depression

Rediff.com2 Mar 2021

'I didn't know exactly how to move from a world of gray back into a world of vibrant colour, but one day I figured out one simple thing I could do: I could stop hiding and re-engage with life.'

How XLRI cracked 100 per cent placement

How XLRI cracked 100 per cent placement

Rediff.com26 Feb 2021

Within two days, the business school had 108 recruiters making 370 domestic and international offers, including 23 new final recruiters with an average salary of Rs 25.08 lakh.

100 per cent placements for IIM Lucknow

100 per cent placements for IIM Lucknow

Rediff.com26 Feb 2021

IIM Lucknow has concluded its 2020-21 final placements.

Bhima Koregaon: Hope and despair for accused

Bhima Koregaon: Hope and despair for accused

Rediff.com12 Feb 2021

Will the latest development see a marked break from the way the case has been going?

Desai first NFL coordinator of Indian descent

Desai first NFL coordinator of Indian descent

Rediff.com26 Jan 2021

Indian-American Sean Desai has been named new defensive coordinator for Chicago Bears, making him the first National Football League Coordinator of South Asian and Indian descent.

Baseball legend, 'Hammerin' Hank' Aaron, dies at 86

Baseball legend, 'Hammerin' Hank' Aaron, dies at 86

Rediff.com23 Jan 2021

'He grew up poor and faced racism as he worked to become one of the greatest baseball players of all time. Hank never let the hatred he faced consume him.'

Biden-Harris inauguration ceremony kicks off with 'Kolam'

Biden-Harris inauguration ceremony kicks off with 'Kolam'

Rediff.com17 Jan 2021

Pictures of thousands of Kolam tiles were on Saturday woven into a video to welcome Biden and Harris in the spirit of 'Presidency for All' and to showcase the multi-cultural heritage of America.

Bengaluru world's fastest growing tech hub, Mumbai 6th

Bengaluru world's fastest growing tech hub, Mumbai 6th

Rediff.com14 Jan 2021

Bengaluru has emerged as the world's fastest-growing mature tech ecosystem in the world since 2016, followed by the European cities of London, Munich, Berlin and Paris, with India's financial centre of Mumbai in sixth place, according to new research released in London on Thursday.

Five months pregnant, woman finishes 10K Bengaluru run

Five months pregnant, woman finishes 10K Bengaluru run

Rediff.com24 Dec 2020

'I don't have any complication, so I was given a green signal to go ahead and do my running. Even my physiotherapist, who has been with me for the past three years, encouraged me to do a slow run because it's really healthy for me, and the baby as well.'

Pfizer Covid vaccine gets US experts' nod

Pfizer Covid vaccine gets US experts' nod

Rediff.com11 Dec 2020

The Pfizer vaccine has already been approved for the public in the United Kingdom and, Canada.

Want to transform your life? Read this

Want to transform your life? Read this

Rediff.com10 Dec 2020

Samridh Seth suggests nine must-read books that can help turn your life around.

Is COVID-19 lethal for your heart?

Is COVID-19 lethal for your heart?

Rediff.com7 Dec 2020

'The larger number of patients, who are being affected by COVID-19, are essentially people who have a history of heart disease to begin with, and then experience a more severe form of the infection with COVID-19, because of the existing risk factor.'

How COVID-19 affects the heart

How COVID-19 affects the heart

Rediff.com7 Dec 2020

'The more seriously ill you are from heart disease, the more seriously ill you could get from infection with COVID-19.'

At 1.39 crore, is this IITs' highest job offer this year?

At 1.39 crore, is this IITs' highest job offer this year?

Rediff.com3 Dec 2020

The likes of Microsoft and Cohesity have offered crore plus salaries to some students.

Neera Tanden credits Indian mother for realising American Dream

Neera Tanden credits Indian mother for realising American Dream

Rediff.com2 Dec 2020

Indian-American Neera Tanden, who has been nominated as the director of the Office of Management and Budget by US president-elect Joe Biden, on Tuesday shared the inspiring story of her mother who immigrated to the US from India.

'Maradona leaves too soon, but leaves a legacy'

'Maradona leaves too soon, but leaves a legacy'

Rediff.com26 Nov 2020

Maradona was a uniquely gifted player who rose from the tough streets of Buenos Aires to reach the pinnacle of his sport.

Censorship? Chomsky, Prashad's talk at fest called off

Censorship? Chomsky, Prashad's talk at fest called off

Rediff.com22 Nov 2020

Chomsky and Prashad said that they were informed of the event's cancellation in the mail.

Fearing US poll-related violence, stores, businesses board up

Fearing US poll-related violence, stores, businesses board up

Rediff.com3 Nov 2020

Contractors were seen busy boarding up major stores and businesses from New York and Boston in the north to southern Houston to Washington DC and Chicago in the east to San Francisco in theWest.

PIX: Lakers return to glory, claim record-tying 17th NBA title

PIX: Lakers return to glory, claim record-tying 17th NBA title

Rediff.com12 Oct 2020

The Los Angeles Lakers captured a record-tying 17th NBA Championship on Sunday with a 106-93 victory over the Miami Heat that sealed the best-of-seven title series 4-2, restoring the storied franchise to the top of the basketball world.

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