Embattled Adani Group on Monday said it has put on hold major equipment procurement and site construction activities for the Rs 34,900 crore petrochemical project at Mundra in Gujarat as the project has not yet tied up finances. The group's flagship Adani Enterprises Ltd (AEL) incorporated a wholly-owned subsidiary, Mundra Petrochem Ltd in 2021 for setting up a greenfield coal-to-PVC plant at Adani Ports and Special Economic Zone (APSEZ) land in the Kutch district of Gujarat. Asked by stock exchanges to comment on a PTI report on Sunday that the group has suspended work on the project, AEL said, "The financial closure of the Green PVC project of Mundra Petrochemicals Limited ( MPL) is pending with the financial institutions and it is in their active consideration."
Just the kind of wardrobe pieces you need for a tropical holiday.
'There has not been a clear direction on what he's going to do yet, but we are still hopeful. I've always said his bowling would be a bonus, but just look at what he brings with the bat, even in the field.'
The Centre on Thursday sent the controversial Telangana Bill to the Andhra Pradesh Assembly, setting a six-week timeline to approve the proposal to bifurcate the state.
Rahul Gandhi could be where Modi has not been. Modi aspired to be with the pantheon of gods on the walls, while Rahul could sit with the family because there is a family member in the picture.
The Delhi high court on Friday refused to interfere with the arrest and subsequent police remand of NewsClick founder Prabir Purkayastha and portal's human resources department head Amit Chakravarty in a case lodged under anti-terror law Unlawful Activities (Prevention) Act.
Billionaire Gautam Adani on Wednesday shared a personal note on the development of Dharavi in Mumbai, days after the Maharashtra government issued a resolution to award the Dharavi redevelopment project to his conglomerate on July 14. In the note shared with the media, Adani said his first tryst with Dharavi in Mumbai was in the late 1970s, and the slum settlement continues to amaze and inspire the billionaire to date. "When this opportunity to renew Dharavi came calling, I seized it with both hands," he said.
A Delhi court on Wednesday convicted four people for the murder of television journalist Soumya Vishwanathan, who was shot dead 15 years ago while she was returning home from work.
Hindalco's first quarter (Q1FY23) results indicate healthy domestic volumes for aluminium and copper, and lower cost of production. Subsidiary Novelis saw weak volume trends but it managed to push operating profit margins on a better mix and pricing hikes. The weak global outlook on aluminium is a cause for ongoing concern.
The Indian embassy in Khartoum said the deceased, Albert Augestine, was working in a Dal Group Company in Sudan.
'Everyone's favourite show Mirzapur is returning with a third season in which I am reprising my role as Beena Tripathi.'
Sonia will likely be assisted by two vice presidents: Ashok Gehlot in charge of party affairs in north India with probably P Chidambaram doing likewise for south India.
The Enforcement Directorate (ED) on Thursday began the second round of questioning of former deputy chief minister Manish Sisodia at the Tihar Jail in New Delhi in connection with its money laundering probe into alleged irregularities in the Delhi excise policy, officials said.
The companies on the list are from sectors including trading, finance, packaging, textile, realty, and others. Trading and finance companies account for half-a-dozen companies each.
Edtech major Byju's is growing slowly but sustainably and is close to achieving profitability at the group level, the company's CEO Byju Raveendran said on Thursday. The company organised a town hall with Raveendran to allay apprehensions about the uncertainty around the company's growth and its future. According to sources, who attended the town hall, Raveendran said that issues with $1.2 billion Term Loan B lenders are being resolved through discussion and hopeful of a positive outcome in the next few weeks without the court's intervention.
'What we did in this (1971) war and with what motive (was incredible).' 'We helped Bangladesh become an independent country, and the very next day, we left their soil and came back to our country.'
Shivaleeka Oberoi believes in a black and white wardrobe.
Foreign portfolio investors (FPIs) are likely to seek from the finance ministry a six-month extension of the date for complying with the amendments to the Prevention of Money-Laundering Act (PMLA), citing implementation challenges. Sources said FPIs, through their custodians, were planning to approach the ministry, highlighting key concerns and seeking more clarification. The ministry, through a notification on March 7, lowered the threshold for reporting ultimate beneficial ownership (UBO) for non-profit organisations and politically exposed persons to 10 per cent from 25 per cent.
Facebook's parent company Meta announced on Tuesday it will fire another 10,000 people, implementing a second round of jobs cuts after it slashed 11,000 positions in November last year, to improve its financial performance in a "difficult environment". Meta founder Mark Zuckerberg said in a post that overall "we expect to reduce our team size by around 10,000 people and to close around 5,000 additional open roles that we haven't yet hired." The company has said that in its "Year of Efficiency", the company aims to make itself "a better technology company and to improve our financial performance in a difficult environment so we can execute our long-term vision."
The Cabinet held a detailed discussion regarding the five guarantees and its implementation, and has arrived at decisions, Siddaramaiah who headed the meeting told reporters.
Following is the chronology of events in the case in which a five-judge Constitution Bench of the SC upheld the 2010 Delhi high court verdict which said that the office of the Chief Justice of India falls under the ambit of RTI Act.
The timeline of the Shiv Sena-centric political crisis in Maharashtra.
The Supreme Court Monday said the appointment of the chief justice of Manipur high court has finally received the Centre's attention and will be notified "shortly", over three months after the apex court collegium had recommended Delhi high court judge Siddharth Mridul for the post.
The following is the chronology of events related to the Ram Janmabhoomi-Babri Masjid land dispute in which, after the Supreme Court verdict, Prime Minister Narendra Modi on Wednesday conducted the 'Bhoomi Pujan' or ground breaking ceremony and laid the foundation stone for the temple's construction.
Kangana Ranaut has reacted sharply after release date of her directorial film Emergency clashed with the Tiger Shroff-Amitabh Bachchan starrer Ganapath and Bhushan Kumar's Yaariyan 2.
Cricket teams have previously abandoned tours amid outbreaks of violence.
Appearance through video conferencing, refraining from making comments on the physical appearance and educational background of government officials and reasonable time frame for compliance of judicial orders are some of the suggestions enumerated in the Standard Operating Procedure (SOP) the government has submitted to the Supreme Court for consideration.
Global investment management firm Bernstein has pegged the enterprise valuation of Reliance Industries (RIL)'s 85 per cent stake in Reliance Retail at $111 billion, while valuing the Mukesh Ambani-led company's 66.5 per cent stake in telecom and digital platform arm Reliance Jio at $88 billion. Reliance Industries had earlier planned to list both its subsidiaries to unlock value for its shareholders but hadn't fixed any timeline. The report said that Reliance Retail had raised $6 billion by diluting a 10.1 per cent stake, while Jio Platforms raised $20 billion from investors by selling 33 per cent in 2020.
Low-cost carrier IndiGo has asked American aerospace manufacturer Pratt & Whitney (PW) to quickly provide engines for the airline to press its grounded planes back into service, sources said on Wednesday. The airline wants to increase its domestic frequency to fill the supply-side void created after Go First's exit, they added. Go First stopped operating flights from May 3 after filing an insolvency application with the National Company Law Tribunal.
A bench of Chief Justice DY Chandrachud and justices PS Narasimha and JB Pardiwala passed the order after hearing an application of Uttar Pradesh government seeking more time to install and operationalise 100 per cent STP coverage in the state.
If you have any grievances or disputes regarding the demand stated in the notice, consider seeking professional help.
S&P Global Ratings on Tuesday said there will not be any significant direct financial spillover risks because of the problems being faced by the Adani group, though there can be some secondary impact such as banks undertaking extra due diligence while giving loans to corporate. S&P senior director (infrastructure & utilities ratings), Abhishek Dangra said as per external estimates, the exposure of the banking sector to Adani group companies is less than 1 per cent and also the credit ratings of the firms are not at 'distress level'.
Following is the chronology of events in the 1992 Babri Masjid demolition case.
rediffGURU Kanchan Rai, relationships expert, mind coach and founder of Let Us Talk Foundation, urges you to talk about your problems so you can seek solutions and also transform your life.
The chief minister on Monday held consultations with senior officials of finance, transport, food and civil supplies, energy and other departments and asked them to prepare a report on the implementation of the guarantees.
The Securities and Exchange Board of India (Sebi) is in the process of issuing a standard operating procedure (SOP) for designated depository participants (DDPs) regarding disclosures and onboarding of foreign portfolio investors (FPIs), according to a regulatory document seen by Business Standard. DDPs act as a link between the markets regulator and overseas investors. The SOP, framed in consultation with the industry, aims to bring consistency across all players and avoid any form of regulatory arbitrage.
He said, the fresh budget of the new Congress government, which he will be presenting on July 7, is likely to be of the size Rs 3,35,000 crore.
Bayern did not give a timeline on his return to action but said he was "doing well under the circumstances" and sat out of training on Sunday.
Even as the scientists and staff at Mission Operations Complex broke into applause, the core team members thanked all those who had worked on the mission. Quietly and without jingoistic boasting of their stupendous achievement. And that is the most remarkable aspect of ISRO -- they let their work do the talking, notes Minnie Vaid, author of Those Magnificent Women And Their Flying Machines, ISRO's Mission to Mars.
Citadel proves unworthy of Priyanka's splendour, Madden's intensity or veteran talents like Lesley Manville and Stanley Tucci squandered in banal parts, complains Sukanya Verma.
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