Vedanta group chairman, Anil Agarwal, 69, is well known for his business journey from a scrap dealer from Bihar to a London-based globe-girdling metal and oil and gas conglomerate with revenues of $19 billion. Now his abilities to keep his group from over-leveraging itself will be put to the test. Over the years, Agarwal, now based in London, set up the conglomerate via acquiring iron ore producer Sesa Goa, Cairn's oil producing assets in India, and Electrosteel Steel.
The company no longer sees the London listing as necessary to access capital and the deal will simplify Vedanta's corporate structure.
Banks stocks continued to trade weak along with FMCG major ITC.
Sensex ends in green on boost from bluechip stocks.
Shares of rate sensitive sectors such as realty, infrastructure, banking and automobiles ended higher ahead of the Reserve Bank of India (RBI) mid-quarter policy review on June 17.
India have won six ODI series on the trot. New Zealand have never won an ODI series in India.
Sensex dull at close, Infosys rules, ITC drags.
China has not limited the 'battle' to the diplomatic field alone; the People's Liberation Army has become aggressive on the ground too. The recent 'fights' in Northern Sikkim and Ladakh are part of the pattern, asserts Claude Arpi.
The G20 in 2013 had unanimously agreed to a 15 point action plan to check BEPS
A record GST tax collection, an overhaul of the income tax return filing portal and the landmark move to scrap retrospective taxation have set the stage for the next level of reforms in tax administration that include bringing a framework for cryptocurrencies and rationalising the GST rate structure. With tax reforms such as faceless assessment taking roots, 2021 will go down as the year that pivoted the tax administration in a country aspiring to become the world's favourite investment destination. The task ahead is going to be a tough one as the tax department would grapple with taxing cryptocurrencies, rationalising Goods and Services Tax (GST) rates to shore up revenues and post June 2022, the scenario of how the GST revenue plays out for states without the Centre's support of compensation.
'My type exists in heaps -- millions really -- cheering, cussing and calculating from the comforts of our living room as if the television screen can magically convey our woe or wisdom to the player.' 'Except without our frantic cheering, irrational logic and infectious gusto, the sport would have half its appeal.' Sukanya Verma on what it is like to be the Indian Cricket Fan.
Low fuel prices to help oil marketing and refining sectors but upstream players will stay under pressure.
Former New Zealand cricketer Lou Vincent has provided officials from the International Cricket Council's anti-corruption unit "with a treasure trove of information about matches which were targeted for spot-fixing and the names of players who were involved", the London Telegraph reported.
The commission asks for notification to be deferred; RIL's KG-D6 pricing issue may return to Cabinet
For India, it is business as usual with the government muddling along.
CPI-based inflation on a (year-on-year) basis has come down from 8.59 per cent in April 2014 to 7.80 per cent in August 2014.
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