Tata Group on Wednesday accused the management of a US-listed luxury hotel group of a "fossilised frame of mind" for suggesting the Indian group's hotel chain would be an unsuitable strategic partner, and has demanded a public apology.
Stung by the US super luxury hotel chain Orient Express' rebuff to be associated with the Tatas-owned Taj Hotels, the Tatas on Thursday shot off a letter to the American company's alleging its posture was "libellous".
The world's largest steel company ArcelorMittal, led by India-born Lakshmi Mittal, on Thursday said it will acquire a majority stake in steel maker China Oriental Group for about 6 billion Hong Kong dollars.
Gujarat Titans pace bowler Mohit Sharma conceded it was hard to replace a bowler of the calibre of Mohammed Shami as his team succumbed to a massive 63-run defeat at the hands of reigning IPL champions Chennai Super Kings in Chennai.
Dubai Holding, an investment firm of the Dubai government, has threatened to come out with an open offer for Orient-Express Hotels if the Tata group acquires a significant stake in the hotel chain. This comes exactly a month after the Tata group's Indian Hotels Company bought 10 per cent and expressed interest in striking a deal which was turned down by Orient-Express.
In a surprise development, a top Chinese military general has cast aspersions on the People's Liberation Army (PLA)'s much-publicised 'real combat-oriented exercises' as 'fake combat capabilities' at a time when Chinese President Xi Jinping has ordered it to prepare for 'maritime military struggles' to win wars.
Asian American Hotel Owners Association (AAHOA) in a statement said America's hotel owners are deeply saddened, shocked, and outraged by this senseless act of violence against a small business owner that cost him his life.
The Indian Institute of Technology-Bombay (IIT-B) has issued guidelines urging students to desist from asking fellow students for details that might reveal their caste and instead encouraged them to bond over commonalities like sports, music and movies.
rediffGURU Mayank Chandel offers advice to students preparing for IIT-JEE and NEET-UG after class 12.
rediffGURU Ramalingam Kalirajan answers your personal finance queries.
Oriental Bank of Commerce will set up specialised cells for small and medium enterprises and corporate sectors across the country to facilitate faster credit processing for these sectors.
Meanwhile, the Congress and RSP whole-heartedly backed the Kollam MP.
Pakistan is looking forward to a sustained and result-oriented engagement with India on the basis of "sovereign equality and mutual respect", Pakistan Foreign Minister Shah Mahmood Qureshi said on Wednesday.
Oriental Insurance Company has bagged the domestic aviation industry's first-ever contract to cover losses owing to fog for national flag carrier Air-India.
Among the Sensex firms, Larsen & Toubro, Axis Bank, Tata Steel, Bajaj Finance, Power Grid, Asian Paints, Mahindra & Mahindra and Bajaj Finserv were the biggest gainers. State Bank of India, Hindustan Unilever, Tata Motors and Titan were the laggards.
The past eight months have seen vast improvement in the Indian economy, says Edelweiss Group chairman and chief executive Rashesh Shah, who feels domestic-oriented sectors are likely to do better.
Oriental Insurance Company Ltd hopes to bag the Air Sahara insurance business after its merger with Jet Airways.
They are considering options with respect to the offer to acquire the hotel.
'Not giving a human being the basic requirement of marriage and right to institution of family merely because of their orientation is indeed against the principle of the core values of a democracy.'
Pakistan wants a "constructive, sustained and result-oriented" engagement with India and is committed to peacefully resolving all outstanding bilateral issues, President Asif Ali Zardari said on Wednesday. Zardari made the remarks during a meeting with Pakistan's High Commissioner-designate to India and former foreign secretary Salman Bashir.
The greatest ever advantage of developing personal effectiveness is that it builds self-confidence of the individual. Here, we present to you the 'Seven Orientations' that make or mar careers.
Orient-Express Hotels (OEH), the Bermuda-based owner and operator of luxury hotels, trains, river cruises and restaurants, is open to expanding its global reach, which could include a base in India.
'Are all roads in India privatised? Are governments not playing a role in airports or ports? If they (private players) want to set up lines for a specific requirement, I see no reason to object. It will expand the opportunity and passengers will also benefit.'
Amul, non-government organisations reach out to buyers through the virtual world, which is free.
Hailing the Budget 2009-10 as "growth oriented", Planning Commission Deputy Chairman Montek Singh Ahluwalia on Monday said there would be no need for another stimulus in the current fiscal.
Elections are not won or lost by expounding on such macro-economic matters. For the aam admi, what matters in manifestos are promises that will improve their quality of life, notes Vinayak Chatterjee.
Students planning to attend university in the United States are invited to attend a pre-departure orientation programme on July 2.
A popular Chinese green like bok choy does very well in soup too.
The change in debt fund taxation is seen as boosting the demand for hybrid funds. It is no surprise then that asset management companies (AMCs) have launched a raft of new products in the multi-asset category. However, they seem to be divided on the asset mix and approach. The multi-asset space, which provides fund houses ample scope to innovate, has seen five launches in as many months.
'Valuations of midcaps and smallcaps have reached very high levels, and hence to that extent leave little margin of safety.'
Murder on the Orient Express offers intrigue worthy of Hercules Poirot's investigation and our time, feels Sukanya Verma.
In a post in Hindi on X, Gandhi accused the prime minister of twisting his words and said he was speaking about the power of which Modi was wearing the mask.
India's economic growth prospects should remain strong over the medium term, with GDP expanding 6-7.1 per cent annually in fiscal years 2024-2026, S&P Global Ratings said on Thursday. In a report titled 'Global Banks Country-By-Country Outlook 2024', S&P said the banking sector's weak loans will decline to 3-3.5 per cent of gross advances by March 31, 2025, on the back of structural improvement, including healthy corporate balance sheets, tighter underwriting standards and improved risk-management practices. Interest rates in India are unlikely to rise materially, and this should limit the risk for the banking industry, it added.
Designer Varun Bahl opened Day Three of HDIL Indian Couture Week with a vibrant collection that displayed a bold fusion of Indian lines with oriental detail.
While near-term performance is difficult to predict after a huge run-up, fund managers believe the PSU theme's prospects remain sound over the medium to long term.
The new government that presents the full Budget for 2024-2025 in July should be ready to restructure the way divestment is managed and implemented, proposes A K Bhattacharya.
rediffGURU and financial planning expert Colonel Sanjeev Govila (retd) answers your personal finance-related questions.
'In the BJP I realised they are a different people with different mindset. They had a different ideology which was more rigid, and somewhere I was not comfortable.'
'People started noticing me again. OTT is a good platform for serious actors. In the olden days, unless you are the heroine, actors would have screen deaths. But now, there are so many good roles for women.'
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