India's inclusion in JP Morgan's bond index can channel billions of dollars into India. How will the government securities market handle it?
"Independence means if government has done something wrong, you say it's wrong. But at the same time, you should have courage when the government is doing the right thing every day. You have to also say that," he Gautam Adani was quoted as saying by FT.
BofA-ML mandated to find buyer for 27.5% stake in media group's holding firm
The company has signed deals Mint and digital television network Ping.
Jim Ratcliffe's company INEOS formally entered the bidding process to buy Manchester United on Tuesday, months after the club owners, the Glazer family, said they were considering selling the club as they explore "strategic alternatives".
SoftBank-backed hospitality major OYO is planning to reduce the number of shares it aims to sell through public listing because of reduced capital requirements and technology headwinds. This comes at a time when valuations of start-ups, including that of OYO, have taken a hit. "OYO earlier filed papers for its IPO (initial public offering) based on its funding requirements at the time.
He told supporters that he was keeping 'one promise after another', dismissing criticism as 'fake news' by 'out of touch' journalists.
Jet Airways has complained to India's aviation regulator about the use of its livery on SpiceJet aircraft, saying the practice could "mislead the public" and is a safety hazard. Jet collapsed in 2019 and lessors repossessed its Boeing 737s. Some of these aircraft were leased to SpiceJet, which operates them without changing the livery. Jet, which is now being revived by the Kalrock Jalan consortium and aims to restart operations in September, has asked the Directorate General of Civil Aviation (DGCA) to ask SpiceJet to stop using its livery.
Ratan Tata, the octogenarian chairman of Tata Trusts that have controlling stake in Tata Sons, separately said he was extremely disappointed over reports speculating a major revamp in the leadership structure at the group. "I would like to state that no leadership structural changes are on the anvil," Chandrasekaran said in a brief statement. The statement came in relation to a Bloomberg report that said Tata Sons was considering a "historic revamp of its leadership structure by creating a chief executive officer's role to help improve corporate governance."
India's Right-wing has sought to own our democracy by making itself appear the stuff of majority, and sometimes, a national ethos older than the Constitution on which our democracy is based, argues Shyam G Menon.
Gautam Adani was the world's third and Asia's richest man a month back but a damning report by a US firm triggered a massive sell-off in shares of his apples-to-airport group, plunging his own wealth by $80 billion and the tycoon slipping to No.30 on the world billionaire index. Adani's sprawling conglomerate, which spans from sea ports to airports, edible oil and commodities, energy, cement and data centres, is under attack by US short-seller Hindenburg Research, which successfully deflated electric-vehicle maker Nikola Motors in 2020. Hindenburg, which held short positions in unidentified shares of Adani Group firms through its US-traded debt and offshore derivatives, on January 24 accused the conglomerate of "brazen stock manipulation and accounting fraud" and using a number of offshore shell companies to inflate stock prices.
Strange souls see a research report on an Indian conglomerate as part of a vast conspiracy to Keep India Down. There is only one possible response to this: Grow up. Nobody in the West cares enough about India or Adani to put all the effort into creating a giant conspiracy that links together BBC documentaries and short-sellers, points out Mihir S Sharma.
Credit Suisse said if the deal fructifies, then this will bring together the largest offline and online retailers in India.
Demerging print and TV news businesses will allow for separate investment by interested players.
Maps and navigation services have become a key asset for tech companies as consumers increasingly adopt mobile devices.
The recent action comes amid the ongoing tension between India and China after the violent standoff on June 15 in Galwan Valley area in eastern Ladakh in which both sides suffered casualties.
Rajapaksa said China indicated that it would help Sri Lanka, while adding that "usually they don't like" lending out more money to cover earlier debt payments.
In an ad that is currently on air, business news channel Bloomberg UTV takes a dig at a rival channel. The ad shows Bloomberg UTV's anchor simplifying the business terms used by the anchor of a rival channel, who seems to be at great discomfort.
Surprisingly, Jeff Bezos is the new entrant to the list and ends up holding the first position.
'All actions for COVID-19 should be the same as for other routine health conditions.' 'There is no need to report the matter in the media all the time; not on front page please.'
From Rihanna to Michael Bloomberg, get inspired from the best.
Rediff.com picks top 10 photographs from events that unfolded across the world last week.
The game plan is to pressure India and China to come back and commit to further emissions cuts by next year's UN meeting. Neither China nor India has 2030 targets anywhere near in line with a 1.5 degree centigrade pathway, and so will be on the target list of nations under pressure to return next year with more ambition, predicts Ambassador M K Bhadrakumar.
The world's top brands across sectors might lose between $93 billion and $223 billion because of a data breach, a first-of-its-kind study by Interbrand and Infosys, called 'Invisible Tech, Real Impact', has found. This represents 4-9.6 per cent of their cumulative value. The study gains significance in the backdrop of yet another massive hack, this time of Microsoft's email software, which is estimated to have affected at least 60,000 known victims globally, according to Bloomberg. The study found that there is a long-term impact of data breaches on brands across sectors.
Microsoft Corp is considering Ericsson Chief Executive Hans Vestberg as a possible successor to outgoing CEO Steve Ballmer.
In comparison to Nadella, Apple CEO Tim Cook got a pay of $ 15.7 million in 2018 with $ 3 million in salary. Google CEO Sundar Pichai received $ 1.9 million in overall compensation.
This year is set to be the third consecutive year when India's share of IPOs has fallen relative to the rest of the world.
The "Super Tuesday", or March 3 presidential primaries, were held in as many as 15 states including Alabama, Arkansas, California, Colorado, Maine, Massachusetts, Minnesota, North Carolina, Oklahoma, Tennessee, Texas, Utah, Vermont and Virginia. Biden, 77, registered impressive victories in the states of Virginia, North Carolina, Alabama, Oklahoma, Tennessee, Minnesota, Massachusetts and Arkansas, propelling him as the frontrunner in the primaries. However, Sanders, 78, by winning big in the State of California -- which sends 415 pledge delegates -- reflected the fight to win Democratic nomination to challenge Republican incumbent Donald Trump was not over yet.
Microsoft co-founder Bill Gates tops list of the world's top 25 richest self-made billionaires.
It is significant that the PM's appeal to invest in India comes at a time when the global economy is facing a difficult phase
The online messaging company is ramping up hiring to expand its business ahead of the initial public offering.
When New York Mayor Michael Bloomberg formally inaugurated the Sports Museum of America May 7, Sameer Ahuja saw a dream transform into vibrant reality. The nation's first and only interactive, multi-media all-sports museum experience proved an instant hit, with people lining the street before its 26, Broadway entrance, just across the street from the Statue of Liberty ferry, to get in. The building had earlier housed the Standard Oil Company, founded by John D Rockefeller.
China evinces interest in the 1,754-km long high-speed rail project.
In a strong response to China's objection to development of infrastructure on the Indian side of the LAC, New Delhi also asserted that Beijing has no locus standi to comment on India's internal matters.
If the deal is indeed being considered, this will be the first time that Ambani will be putting his money in a print media venture since he and his younger brother, Anil Ambani, split businesses to form their own groups
Reliance chairman Mukesh Ambani has moved 2 ranks ahead this year on the most powerful list.
Harris, 54, would beat Trump most handily -- by a 10-point margin -- if the election were held now, according to an online poll carried out by Axios.
Medical tourism is likely to be the next major foreign exchange earner for India as an increasing number of patients, unwilling to accept long queues in Europe or high costs in the US, are travelling to the country to undergo surgery, according to a
Bloomberg's data notes that since last year, Bill Gates's net worth has decreased by $1.1 billion, while Ortega's has increased by an impressive $10.4 billion.
The bid by Facebook highlights the company's efforts to accelerate its push into video as it tries to take advertising dollars from television and increase the time people spend on its platform.
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