The chairman of the JSW Group of companies, Sajjan Jindal, whose stake in the group is valued at $14.5 billion (Rs 1.1 trillion), is betting $4.5 billion of his personal fortune in the firm's bid for Ambuja Cements. According to bankers, Jindal's contribution will be a combination of share sale and debts raised by pledging the stake of the target entities with private equities. The JSW Group chairman has offered $7 billion for Ambuja Cements, including $2.5 billion of investments from private equities, the Financial Times reported on Tuesday.
"We've been told every time that... (the phone call) will happen, it's technical reasons or whatever. But frankly, people don't believe it," he said. "If a phone call is a concession, if a security relationship is a concession, Pakistan has options," he added, refusing to elaborate.
Rajesh Karkera/Rediff.com heads to south Mumbai to discover why Kitab Khana is considered one of the best bookshops in the world.
Billionaire Mukesh Ambani's Reliance Industries is reported to have held talks with Saudi Aramco on a cash and share deal for sale of a 20 per cent stake in its oil refining and petrochemical arm. Ambani had in August 2019 announced talks for the sale of a 20 per cent stake in the oil-to-chemicals (O2C) business, which comprises its twin oil refineries at Jamnagar in Gujarat and petrochemical assets, to the world's largest oil exporter. The deal was to conclude by March 2020 but has been delayed for reasons not disclosed by either company.
Several major websites across the world, including the UK government's Gov.Uk website, crashed for some time on Tuesday due to an outage at global website hosting service Fastly.
The Indian Institute of Management Calcutta is the only Indian institute to have made it to the top 20 of the Financial Times Masters in Management rankings 2019.
Bach warns athletes against 'political demonstrations' on podiums
He said the impact of the second wave of COVID-19 has waned by August,and economic growth will be better from the second quarter onward on a sequential basis. Speaking at an event organised by The Indian Express and Financial Times, Das said the RBI has decided to give more emphasis on growth because of the pandemic and operate in the 2-6 per cent inflation band set by the government for it. The central bank will seek to gradually move towards achieving the 4 per cent target over a period of time, he said, adding that the possibility of a sustained increase in inflation is unlikely.
China might one day be able to launch a surprise nuclear attack on the United States, the second highest-ranking American military officer has warned as he shed new details of Beijing's hypersonic weapons test in July, which sent a missile around the world at more than five times the speed of sound.
'Our family philosophy is to build a bridge between India and Britain.'
In a country that is often focused on the ways in which it falls short, the start of a year is a good time to remind oneself of such positives, observes T N Ninan.
As far as Hindus are concerned, the eclipse of Wokeism cannot come any sooner, says Rajeev Srinivasan.
South Africa's director of cricket Graeme Smith does not expect the national team to be back in action until November at the earliest and confirmed the scheduled tour of West Indies has been postponed indefinitely. Cricket West Indies chief executive Johnny Grave said last week they are hopeful of hosting South Africa in September for either two Tests or five T20 Internationals, but Smith has made clear that will not happen.
Rather than talking endlessly about lost and marginal opportunities, India's climate envoys need to start thinking bigger, says Mihir S Sharma.
Here's what could be ahead for India: A $10-trillion economy by 2030-32, a Sensex at 1,00,000 by 2025, monthly GST revenues at Rs 2 trillion by 2024-25, 100 new unicorns by 2025, and poverty below 5 per cent by 2030, predicts R Jagannathan.
In the test, a space rocket boosted a hypersonic glide vehicle, one capable of carrying a nuclear device, which circled the globe before impacting.
Will the beard continue to be in vogue once WFH wraps up? asks Sandeep Goyal.
The only thing that may salvage Narendra Modi's trip to the US is his meetings with CEOs, such as those of Blackstone, First Solar, Qualcomm, Adobe, and General Atomics, asserts Rajeev Srinivasan.
Former England soccer captain David Beckham is moving into the virtual world as co-owner of London-based start-up Guild Esports. Guild said in a statement on Thursday that it will launch player academies and run teams in various esports arenas including Rocket League, EA Sports, FIFA and Fortnite.
If Netflix and the film's producers thought they would bring younger audiences to the master's works, many who might have aversion to decades-old black and white films, they have failed with the experiment, says Aseem Chhabra.
Finance Minister Nirmala Sitharaman on Thursday reiterated that an international arbitration ruling on India's sovereign right to taxation sets the wrong precedent, but said the government is looking at how best it can sort out the issue arising out of New Delhi being ordered to return $1.2 billion plus interest and cost to UK's Cairn Energy Plc. The government, which participated in an international arbitration brought by the Scottish firm against being taxed retrospectively, has appealed against The Hague based tribunal's ruling asking the government to return the value of shares expropriated and liquidated, tax refunds withheld and dividend seized to recover a wrongly levied retroactive tax demand.
China's birth rate has been in decline since 2017, despite easing of the 'one-child policy' in order to avert an incoming demographic crisis.
What do we know about India's devastating second wave, and can we assign responsibility for it?
The Indian Institute of Management-Ahmedabad is the second best in Asia.
After monetising Jio Platforms -- which houses the firm's telecom arm and digital ventures, richest Indian Mukesh Ambani is looking to rope in investors in the retail business.
Monetising online readership, a deeper focus on content and getting revenue from the reader are ways to make the business future-proof, observes Vanita Kohli-Khandekar.
Flurry of economic reform suggests Modi realises his muscular nationalism script is getting jaded. Chances are he'll try for economic recovery but stick to what's worked so far, observes Shekhar Gupta.
Nominating Das, the Banker magazine, which announced the award, said India's banks have faced a series of challenges, from non-performing loans to issues around fraud. Faced with these challenges, Shaktikanta Das has taken steps to bring banking in India up to standard via a restrained approach to governance.
Though Google's investment is minuscule and will not move the needle, it will attract other investors to the company and be a morale booster. Pursuing Vodafone Idea would potentially pit Google against Facebook and an increasingly dominant Jio.
Its entry will increase competition especially when WhatsApp too has received approvals to launch payment service.
Will people buy as many cars as before if more office-goers are working from home? How much existing office space in commercial buildings will become surplus, and what will that mean for the construction industry, asks T N Ninan.
'India is not so distant from years of high and entrenched inflationary expectations that it should start trying to play games with the economy the way the West's central bankers think they are entitled to,' argues Mihir S Sharma.
'Employees may well be expected to be on call at almost all times -- much like the standard Indian approach to the workday,' points out Mihir S Sharma.
As with the Spanish flu, the world must be ready for a second and third wave as this start-stop-start-stop response plays out, recommends Rahul Jacob.
'Every strongman leader is faced with the same opportunity: Harness the increased societal panic to amass more power,' warns Mihir S Sharma.
'The fatal mistake for the USSR was the invasion of Afghanistan.' 'Quite possibly the fatal mistake for the Chinese empire is the assault on Ladakh,' observes Rajeev Srinivasan.
In the latest rankings for masters in management released by Financial Times, the country's premier management institute has slipped eight places down and is ranked at Number 18.
'Of the 202 debates, 79 were around attacking Pakistan and 66 attacking the Opposition and Nehru.' 'The PMC Bank scam where thousands of depositors lost their savings got just one,' points out Vanita Kohli-Khandekar.
Writing in the United Kingdom's 'Financial Times' newspaper on Tuesday, the minister sought to counter criticism over Prime Minister Narendra Modi-led government's announcement over the "anachronistic provision" last month, which he said had resulted in socio-economic injustice due to the inability to apply national laws in Jammu and Kashmir.
The one-size-fits-all approach adopted by the AICTE is not suitable for regulating business schools in India, argues Asish K Bhattacharyya.
© 2026 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances