Russian oil giant PJSC Rosneft Oil Company is in early talks with Reliance Industries for sale of its 49.13 per cent stake in Nayara Energy, which operates a 20-million tonnes-a-year oil refinery and 6,750 petrol pumps in India, sources said. Reliance has held preliminary talks for acquisition of Nayara, which will help it overtake state-owned Indian Oil Corporation (IOC) to become India's No.1 oil refiner as well as give a meaningful presence in the fuel marketing space.
Russell fastest in first Austrian GP practice as Dunne shines
Global EV giant Tesla is not interested in manufacturing cars in India but keen on establishing showrooms in the country, Union Heavy Industries Minister H D Kumaraswamy said on Monday.
India's fair trade regulator Competition Commission of India (CCI) has launched a formal investigation against India's biggest paints firm, Asian Paints, for alleged abuse of its dominant position in the organised decorative paints market, following a complaint by Aditya Birla group's Grasim Industries' Birla Opus Paints division.
External Affairs Minister S Jaishankar says Operation Sindoor conveyed India's resolve to act against terrorism, following UN Security Council's call to bring Pahalgam attackers to justice.
State Bank of India has decided to classify the loan account of beleaguered telecom firm Reliance Communications as "fraud" and to report the name of its erstwhile director -- Anil Ambani to the Reserve Bank of India (RBI), according to a regulatory filing. Reliance Communications in a regulatory filing said that it has received a letter dated June 23, 2025 from the State Bank of India (SBI) to this effect.
Ruling that Flipkart cannot "escape liability" as "mere intermediary" in an online purchase, a consumer commission here has found the e-commerce platform and television manufacturing company Thomson guilty of deficiency in service after a defective TV was delivered to a customer.
The temperatures in Leeds are expected to hover between 15 to 21C which is not ideal for batting, especially under cloudy skies and breezy conditions.
Russian President Vladimir Putin on Monday assured Tehran of Moscow's support in de-escalating the Israel-Iran conflict hours after the United States strikes at Iranian nuclear sites at dawn on Sunday.
India rejects this so-called "supplemental award", the ministry of external affairs said, referring to the ruling in the case related to Pakistan's objections to Kishenganga and Ratle hydropower projects.
The BRICS nations condemned the Pahalgam terror attack, advocated for a zero-tolerance approach to terrorism, and criticized rising tariffs during their summit in Rio de Janeiro. They also addressed global challenges and called for reforms in international institutions.
'While shooting the Don song, Chandra Barot ordered 30-40 paans and insisted Amitabh Bachchan eat them all.'
'After I am done with cricket, my first goal is to direct a movie.'
The minister clarified the government's position on Zumba dance, a high-energy fitness programme introduced in schools in Kerala by the General Education Department as part of its anti-drug campaign, facing opposition from certain Muslim groups who argue that it went against moral values.
Dravida Munnetra Kazhagam's Lok Sabha MP Dayanidhi Maran has accused his brother Kalanithi Maran of "financial crimes," and asked him to restore the entire shareholding position of Sun TV and related companies to their original state or face legal and regulatory action.
'The original provision will be restored. AMT is meant only for those claiming deductions, not for firms earning regular income like capital gains,' a senior government official said.
Tata Sons Ltd, the holding company of the $150 billion Tata group, may be forced to infuse fresh capital into its loss-making telecom arm, Tata Teleservices Ltd (TTSL). This is because TTSL has to pay Rs 19,256 crore adjusted gross revenue (AGR) along with other dues to the central government by March 2026.
Registering the agreement for sale remains the most reliable way for a homebuyer to secure their legal and financial interests.
Since April 4, around 35 importers in India have either not received any shipment of the magnets or have not been granted the import licences by China.
India abstained from a UN General Assembly vote on a resolution regarding Afghanistan, citing the need for a balanced approach that combines incentives and disincentives, and calling for new initiatives to address the humanitarian crisis.
The announcement came after Hamas consulted with other Palestinian factions. It precedes a planned visit by Israeli Prime Minister Benjamin Netanyahu to Washington, where U.S. President Donald Trump is pushing for an end to the war, now in its 21st month, Al Jazeera reported.
https://www.rediff.com/business/report/why-ipo-bound-oyo-seeks-to-rename-parent-firm/20250530.htm
The Income-Tax (I-T) Department has detected widespread tax evasion involving cryptocurrencies and, according to media reports, has issued emails to thousands of defaulting taxpayers seeking transaction details. Investors must understand the tax rules governing crypto assets and respond promptly to these emails.
Both the CVRs and FDRs were recovered within a week after the accident. One was retrieved from a rooftop of the building at the crash site on June 13, and the other from the debris on June 16.
Congress Working Committee (CWC) member Shashi Tharoor on Thursday said he has differences of opinion with some in the party leadership, but he is not going to speak about them in light of the bypoll in the Nilambur constituency.
Gill second successive ton as skipper takes India to 310 for 5
Ruud criticises ATP rankings 'rat race'
'This helps the consumers secure more favourable terms from CIs.'
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.
And Surya is only happy to be among the kiddos, receiving their love while he obliges them with pictures and autographs.
rediffGURU T S Khurana answers readers' personal income tax queries.
One quiet, heartwarming moment stood out - Suryakumar Yadav sharing his umbrella with veteran broadcaster Harsha Bhogle during the post-match presentation.
'... when the process isn't transparent, people will naturally raise questions. 'The AAIB's own press release says they had the black boxes by June 16.' 'Why wasn't decoding initiated until the 24th? What were they waiting for?'
'The chief minister believes the poorest of the poor have the first right on government resources.'
In the letter issued, considering the last night attacks by Pakistani forces in Jammu and Jaisalmer regions, the provision also authorises the use of local authority funds for such emergency measures, giving them precedence over other financial obligations.
The Supreme Court of India has directed the governments of Punjab and Haryana to cooperate with the Centre in finding an amicable solution to the long-standing dispute over the Sutlej-Yamuna Link (SYL) canal. The court deemed the de-notification of land acquired for the canal in Punjab an "act of high-handedness" and emphasized the need to consider "wider ramifications" beyond legal considerations. The court has set August 13 for a further hearing if an amicable solution is not reached.
Markets regulator Sebi has ordered the attachment of bank accounts and shares and mutual fund holdings of absconding diamantaire Mehul Choksi to recover dues totalling Rs 2.1 crore in a case of violation of insider trading rules in the shares of Gitanjali Gems.
Many affluent young people are first-generation wealthy. They have limited financial literacy, lack quality financial guidance or role models, and often fall prey to mis-selling. This makes them hesitant to invest in high-return assets like equities.
Wouldn't it be better to reach 45 with a backup engine of passive income that helps you glide through these years instead of grinding, asks Ramalingam Kalirajan
The demand comes nearly a month after violence erupted in Nagpur during a rally which demanded the removal of Aurangzeb's tomb.
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