Tata Group remained India's largest business conglomerate in market capitalisation in calendar year 2023 while the Mukesh Ambani camp raced ahead of the Adani businesses to become the second-largest. The Tata companies ended 2023 with a combined group market capitalisation of Rs 28.68 trillion, up 35 per cent from the Rs 21.2 trillion at the end of December 2022. Ambani's group mcap is Rs 19.42 trillion at the end of CY23, up 10.7 per cent from the Rs 17.6 trillion a year ago.
Investigators probing into the failed bid by an alleged Al Qaeda operative to blow up a US plane are trying to figure out what type of explosive or chemicals he sneaked inside the aircraft that could not catch the attention of the security check points.
Adani Group on Thursday said it has formed a 50:50 joint venture with Japanese conglomerate Kowa Group for sale of green hydrogen in Japan, Taiwan and Hawaii markets. Billionaire Gautam Adani-led conglomerate is investing up to $50 billion over the next 10 years in setting up a fully integrated green hydrogen ecosystem in India. This includes the production of 1 million tonne of green hydrogen in the initial phase which will be ramped up to 3 million tonne later.
The international chemical giant Dow will invest $100 million in Research and Development (R&D) facility at Chakan, near Pune. The centre may be fully functional by 2010. The R&D facility would come up in the 100-acres, and will employ 500 researchers.
Reliance Industries Ltd was the biggest wealth creator during the five-year period from 2018 to 2023 while Adani Enterprises Ltd was the top all-round wealth creator, according to a study by Motilal Oswal Financial Services. The study, based on stock market performance of companies, said for the fifth time in succession, Reliance emerged as the largest wealth creator, adding Rs 9,63,800 crore wealth over 2018-23. It was followed by Tata Consultancy Services (Rs 6,77,400 crore wealth addition), ICICI Bank (Rs 4,15,500 crore), Infosys (Rs 3,61,800 crore) and Bharti Airtel (Rs 2,80,800 crore).
United States President Barack Obama has issued the toughest warning to his Syrian counterpart Bashar al-Assad, saying the use of chemical or biological weapons by Damascus would be a 'red line' that would change his calculus significantly and provoke a foreign military intervention.
After the successful deployment of Chandrayaan-3's lander and rover on the moon, Indian Space Research Organisation (ISRO) is hoping that their mission life will not be limited to one lunar day or 14 earth days, and that they will come back to life when the sun again rises on the Moon, to carry on with the experiments and studies there.
The proposals under consideration include waiving the current 5 per cent Customs duty on naphtha and reducing the excise duty on mono ethyl glycol from 8 per cent to 4 per cent. The Cabinet secretariat has sought views from various ministries and departments for this package.
While Ambani, 66, drew nil salary from the company since the 2020-21 fiscal year, other executive directors including his cousins Nikhil and Hital are paid a salary, perquisites, allowances and commission. His three children - twins Akash and Isha (both 31) and Anant (28 years) - will get only a sitting fee and a commission on the profit earned by the firm.
Officials probing a blast that occurred near the Israeli embassy in New Delhi suspect it was a well-orchestrated plan, knowing that no CCTV camera was installed on Prithviraj Road, police sources said on Wednesday.
Contrary to expectations of the chemical sector, Budget turned non event.
Lashkar spokesman Abu Huzaifa said the charge by Indian security agencies is 'fabricated and baseless'.
'We want to make sustainability affordable.' 'We tell everyone, don't just recycle, Craste it!'
Dow Chemical Co hoped an Olympic sponsorship would boost its global cache, but the company's link to a gas leak tragedy 28 years ago threatens to curb some of the benefits from the $100 million advertising deal.
The pharmaceuticals sector is expected to post a revenue growth of around 13.5 per cent and a net profit growth of 30.3 per cent for the third quarter of 2023-24 (FY24), riding on the approval for niche drugs in the US market, fall in raw material prices and correction in shipping rates. In the healthcare segment, hospitals are expected to post revenue growth of 13 per cent during the coverage, while net profit growth would be around 37 per cent, ICICI Securities said in a note. However, the performance may not be comparable on a sequential basis due to the offset of the festive season in Q3FY24, the analysts noted.
rediffGURU Mayank Kumar offers guidance about degree courses, campus, job-linked and executive programmes and studying abroad.
The government has decided to hold off introducing the production-linked incentive (PLI) scheme for additional sectors until it verifies the efficacy of existing initiatives. Top government officials have received mixed feedback on the scheme, including insights from the Economic Advisory Council to the Prime Minister, people aware of the matter said. "There are no new PLI schemes in the offing.
The state had reported 6,421 cases this year, of which 6,146 were reported only in September, three times the 1,896 registered in September last year.
The incident occurred near Sadasivpet in Medak district.
The new idol of Lord Ram was placed in the sanctum sanctorum of Ayodhya's Ram Janmabhoomi temple on Thursday afternoon, ahead of the January 22 consecration ceremony.
The proposed chemical hub in West Bengal, which won't come up in Nandigram because of violence there, has to be set up near a port, state Chief Minister Buddhadeb Bhattacharjee said on Wednesday.
For the company's latest energy initiative to expand its green energy and storage portfolio, some analysts are beginning to suggest a closer look at some of its segments. In his address to shareholders in the company's FY22 annual report, billionaire Mukesh Ambani, chairman and managing director of the company, said: "The green energy value holds great promise to outshine all our existing growth engines in just 5-7 years." The company has marked an investment of Rs 75,000 crore towards its new energy plans, which include solar energy value chain, green hydrogen, energy storage and other similar businesses.
The wholesale price-based inflation declined to 4.95 per cent in December 2022, mainly due to fall in prices of food articles and crude petroleum. The Wholesale Price Index (WPI)-based inflation was 5.85 per cent in November 2022 and 14.27 per cent in December 2021. Inflation in food articles was (-)1.25 per cent, while in fuel and power it was 18.09 per cent during December 2022.
The blaze engulfed the Organic Technical branch of NCL. Leaping flames and plumes of billowing smoke could be seen from a distance.
The Taliban and Al Qaeda have joined hands with Gulbuddin Hekmatyars Hezb-i-Islami and reactivated cells, Naseer Ahmad Rohi, who served at the Afghan embassy in UAE, said.
Ajit Balakrishnan offers lessons from another tech revolution not so long ago.
Of the three options suggested by the consultancy firm appointed by the CPI(M) government, Nayachar was feasible since it was government land, Commerce and Industry Minister Nirupam Sen said at an all-party meeting.
UN spokeswoman Marie Okabe told media persons that the material had been taken from the al-Muthanna chemical weapons plant north of Baghdad and that the sealed samples had been there since 1996.
Two days after a local oil mafia in Maharashtra burnt alive an additional collector, the government on Thursday unveiled steps including re-introduction of a chemical marker in kerosene to reduce opportunities of the subsidised fuel being diverted for adulteration.
It is the first warship to have been named after a city from the Northeastern region, the approval for which was accorded by the President in April 2019.
After the first quarter was washed out, exporters are now keeping their fingers crossed over a turnaround in outbound shipments to at least North America from September onwards. This comes even as other key destinations such as Europe may take longer to revive in FY24. Slowdown in key economies, as well as geopolitical tensions resulted in sluggish demand for Indian goods.
West Bengal Chief Minister Buddhadeb Bhattacharjee on Wednesday announced that a proposed chemical hub would not be set up in Nandigram.
In a relief to FMCG major Dabur, two of its foreign subsidiaries, Dabur International and Dermoviva Skin Essentials, have been removed as a defendant in multiple lawsuits filed in a US court over allegations that their hair-relaxer products caused ovarian cancer, uterine cancer and other related health issues. However, lawsuits filed against its third international subsidiary Namaste Laboratories LLC, would continue before the US District Court for the Northern District of Illinois, according to a statement from Dabur on Wednesday. Dabur International and Dermoviva were removed and got relief in the multiple suits due to lack of jurisdiction as they have not either manufactured, marketed, distributed or sold hair relaxer products in the US, it added.
Prime Minister Narendra Modi and Australian Deputy PM Richard Marles will be among the key personalities who are expected to attend the ICC Cricket World Cup grand finale
Its duties include experiments to further understand the lunar surface.
They all seem to forget that the Music Academy is as much an independent institution as T M Krishna is an individual musician. In drawing those red lines for the Academy management, they do not even seem to recognise that they too have crossed a red line themselves, points out N Sathiya Moorthy.
Delhi Police on Monday arrested one of National Investigation Agency's (NIA) most wanted terrorists Mohammad Shahnawaz Alam and his two associates who were part of an Inter-Services Intelligence (ISI)-sponsored module 'disguised' as an Islamic State (IS) module and seized incriminating material, including those suspected to be used in an improvised explosive device (IED) fabrication, officials said.
Oracle of Omaha will initially invest Rs 1,177 crore (Rs 11.77 billion) in the venture.
'Interim Budget has ignited the entrepreneurial spirit.'
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