'We realised that partnering with a strong local player like the JSW Group would create far greater value than going it alone.'
JSW Paints, part of $23 billion JSW Group, on Friday said it will acquire majority controlling stake in Akzo Nobel India Ltd (ANIL), the maker of Dulux paints, for Rs 8,986 crore. It will acquire 74.76 per cent stake from its Dutch promoters/holding entities -- namely Imperial Chemical Industries and Akzo Nobel Coatings International BV -- for a consideration of Rs 8,986 crore, according to a statement from the JSW Group firm.
Seven-times champion Novak Djokovic scored his 100th match win at Wimbledon and led the march of the old guard into the last 16 on Saturday while an ailing Barbora Krejcikova's title defence ended in defeat and tears.
It further said that the owners, master and crew of the vessel handled the ship in a negligent manner despite being aware of the dangerous cargo it was carrying.
The sealing of the mega deal came three weeks after the Cabinet Committee on Security (CCS) headed by Prime Minister Narendra Modi cleared the procurement.
'$125 million for the hull and the remaining of over $350 million for liability.'
According to a situation report issued by the DGS, the oil containment measures have temporarily stabilised the situation, but full risk mitigation will happen only on successful commencement of saturation diving to extract the remaining trapped fuel oil from the vessel, MSC Elsa 3.
United States President Donald Trump has expressed strong disapproval of Israel and Iran 'violating the ceasefire' he announced earlier in the day and said the two countries have been fighting 'so long and so hard that they don't know what the f*** they're doing'.
After registering a positive growth for two months, India's exports slipped into negative territory again, contracting 2.17 per cent year-on-year to $38.73 billion in May due to a fall in global petroleum prices, while trade deficit narrowed at $21.88 billion during the month.
Containers from a Liberian cargo ship that sank off the Kerala coast have started washing ashore, prompting authorities to urge the public to stay away from them. The ship carried 13 hazardous cargos, including calcium carbide, which reacts with seawater to release highly flammable acetylene gas. The Indian Coast Guard is leading pollution response efforts and monitoring the spread of the oil slick.
Jannik Sinner defeated Carlos Alcaraz in a high-octane final to claim his maiden Wimbledon trophy and fourth Grand Slam crown on Sunday.
The Indian Navy's frontline frigate INS Tarkash has seized over 2,500 kgs of narcotics in the Western Indian Ocean, officials said on Wednesday. The operation was launched after receiving intelligence on suspicious movements of vessels on March 31. INS Tarkash intercepted and boarded a suspect dhow, guided by a P8I marine surveillance aircraft and the Maritime Operations Centre in Mumbai. A specialist boarding team, including Marine Commandos, discovered over 2,500 kgs of narcotic substances (including 2,386 kgs of hashish and 121 kgs of heroin) onboard the vessel.
Novak Djokovic reached the Wimbledon quarter-finals for the 16th time but it proved a hard day's work at his Centre Court office.
Over the years, with some amount of experimenting, I have learnt exactly what freezes well and what does not.
'We will see whether there were losses or not, and whether the war aims were achieved. When the truth comes out, some may well be surprised,' says Dassault CEO.
Kalinga Super Cup: FC Goa to face Jamshedpur FC in final
If as critics point out, the environmental impact assessment study was commissioned only after the auction process got underway with not all the stakeholders getting to know of it, then the government has already compromised the trust it could have enjoyed with Kerala's public including its coastal communities, points out Shyam G Menon.
The Normandy landings on D-Day -- June 6, 1944 -- began the end to World War II.
'The issue stems from transfer of a player named Jason Cummings from another club two years ago and the training compensation fee. We have completed the payments at the time of signing.'
The glorious singer is simply sensational at 77 and we just love her!
Chef de Cuisine Shadab Ahmed of Sofitel Mumbai BKC shares two simple and delectable recipes.
State-owned Life Insurance Corporation (LIC) on Thursday entirely subscribed to the Rs 5,000 crore bond issue of Adani Ports and Special Economic Zone (APSEZ) at a coupon rate of 7.75 per cent, said sources privy to the development.
South Mumbai received over 250 mm of rainfall in just 13 hours, leading to widespread flooding, disrupting train services, and causing house collapses. The heavy downpour flooded several low-lying areas, including Hindmata, King Circle, Dadar TT, Kings Circle, Parel TT, Kalachowki, and JJ Marg, leading to diversions and delays in BEST bus services. The suburban services of the Central Railway and Western Railway were also disrupted due to heavy waterlogging on tracks. At least five incidents of partial house collapses and 32 instances of tree falls were reported, though no injuries were recorded.
'It was pitch-dark when we rounded Cape Horn. The waves were coming in full force. It was like a washing machine - -both of us and our boat Tarini.' Naval officer Lt Cdrs Dilna and Roopa describe their amazing voyage around the globe.
Napoli celebrated their second Italian title in three years -- and fourth overall -- after a thrilling battle with Inter whose 2-0 win at Como following goals from Stefan de Vrij and Joaquin Correa left them one point adrift of their rivals.
Real Madrid delivered manager Carlo Ancelotti and midfielder Luka Modric a victory in their final game at the Santiago Bernabeu on Saturday, with Kylian Mbappe scoring twice in a 2-0 win over Real Sociedad to end their LaLiga season.
India's exports rose 9.03 per cent to $38.49 billion in April, the highest in six months, driven by healthy growth in sectors such as electronics and engineering goods, while the trade deficit widened to a five-month high of $26.42 billion. According to the commerce ministry data released on Thursday, imports increased by 19.12 per cent year-on-year to $64.91 billion in April due to a rise in shipments of crude oil and fertiliser.
Trump has a major decision to take in coming days -- specifically, how to rescue Israel from the attritional war that lies ahead, points out Ambassador M K Bhadrakumar.
Trump's tariffs, falling shrimp prices, and fears of additional US levies, spark a crisis in Andhra Pradesh's politically vital aquaculture sector.
Researchers have detected hints of molecules known to be produced by marine organisms on the exoplanet K2-18 b, providing "the strongest evidence yet" of life outside the Solar System. While the discovery is exciting, more data is needed to confirm whether the molecules are indeed produced by life or through other chemical processes. The exoplanet, over 8.5 times as massive as Earth, lies 120 light-years from Earth and orbits the star 'K2-18'.
'We are Indians irrespective whether we are Punjabi, Gujarati, Bengali, Malayali or Tamilian.' 'I am the best example of this integration.'
Lucknow Super Giants captain Rishabh Pant was spotted soaking in the football fever at the Vivekananda Yuba Bharati Krirangan Stadium in Kolkata on Monday.
A Liberian cargo ship carrying 640 containers, including 13 hazardous cargoes, has sunk off the coast of Kerala, raising concerns of environmental damage. The ship, MSC ELSA 3, capsized and sank in the early hours of May 25 after listing rapidly. The three remaining crew members were rescued by the Indian Navy. The Indian Coast Guard is monitoring the situation for any oil spills and has positioned a ship with pollution response equipment at the scene. The ship was carrying 84.44 MT of diesel and 367.1 MT of furnace oil, in addition to the hazardous cargo. The Kerala State Disaster Management Authority has cautioned the public against touching any cargo containers or oil spills that may wash ashore.
The Indian Navy has inducted a traditionally-built stitched ship, named INSV Kaundinya, at the Karwar naval base in Karnataka. The ship is a recreation of a fifth-century vessel and is named after Kaundinya, a legendary Indian mariner who sailed across the Indian Ocean to Southeast Asia. The ship is a tangible symbol of India's long-standing maritime traditions and its induction marks a culmination of a project celebrating India's rich shipbuilding heritage. The INSV Kaundinya will embark on a trans-oceanic voyage along the ancient trade route from Gujarat to Oman later this year.
The IMD issued a "Nowcast" warning, forecasting thunderstorms accompanied by lightning and intense spells of rain with gusty winds reaching 50-60 kmph at isolated places in Mumbai in the next three to four hours.
Azmi said during Aurangzeb's reign, India's border reached Afghanistan and Burma (Myanmar).
The mega procurement project has been approved by the Cabinet Committee on Security chaired by Prime Minister Narendra Modi, they said.
Real booked their place in the final when substitute Arda Guler lifted a corner to Ruediger, who headed the equaliser that put Real Madrid through on aggregate.
Indian and US armed forces conclude a comprehensive training phase as part of Exercise Tiger Triumph 2025.
Struggling Indian shuttler PV Sindhu lost to her old nemesis Carolina Marin of Spain in three games in an ill-tempered semifinal of the Denmark Open Super 750 tournament, which saw both players receive yellow cards for verbal exchanges, in Odense on Saturday.
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