JSW Paints, part of $23 billion JSW Group, on Friday said it will acquire majority controlling stake in Akzo Nobel India Ltd (ANIL), the maker of Dulux paints, for Rs 8,986 crore. It will acquire 74.76 per cent stake from its Dutch promoters/holding entities -- namely Imperial Chemical Industries and Akzo Nobel Coatings International BV -- for a consideration of Rs 8,986 crore, according to a statement from the JSW Group firm.
Engineering and construction major Larsen & Toubro (L&T) reported a 25 per cent rise in net profit attributable to the owners of the company for the January-March quarter of 2024-25, owing to higher revenues and an exceptional gain. For the quarter under review, L&T posted a consolidated net profit of Rs 5,497.3 crore, while revenue rose 10.9 per cent year-on-year (Y-o-Y) to Rs 74,392.28 crore.
Indian shooting ace Elavenil Valarivan settled for the bronze medal after leading for a good part of the women's 10m air rifle final on the first competition day of the ISSF World Cup in Munich on Tuesday.
Jindal had come under attack on social media after his tweet about Prophet Mohammed on June 1.
Technology is rapidly reshaping industries that have long been rooted in tradition, driving a wave of innovation that is transforming everything from finance, banking, steel to manufacturing.
On that fateful day, Narayan, popularly known as JP and a fierce critic of the then-Indira Gandhi government, addressed a massive gathering at the Ramlila Maidan in Delhi.
While Joon was a Congress rebel, Kadyan fought as an Independent after the BJP denied him ticket.
The Supreme Court on Friday directed that all FIRs against expelled Bharatiya Janata Party leader Naveen Kumar Jindal lodged across the country in connection with his alleged derogatory remarks against Prophet Mohammed be transferred to the Delhi police.
India on Monday imposed a 12 per cent provisional safeguard duty for 200 days on five steel product categories, including hot rolled coils, sheets and plates, to protect domestic players from surge in imports. The decision follows a recommendation for the same by the Commerce Ministry's investigation arm DGTR. Last month, the DGTR suggested to impose the duty.
'You're paying Rs 42 lakh for one game. Why not link it to qualification? It just shows how clueless the management is.'
Parth Jindal admitted that the split had been "devastating" for him personally.
JSW Steel, owned by Sajjan Jindal, has emerged as the world's most valuable steelmaker, boasting a market capitalisation (mcap) of nearly $30.31 billion, according to Bloomberg data.
Many parts of India on Friday, June 10, 2022 witnessed protests by Muslims, demanding the arrest of suspended Bharatiya Janata Party spokeswoman Nupur Sharma and expelled BJP leader Naveen Kumar Jindal over their defamatory comments on Prophet Mohammed.
Leading passenger vehicle maker Maruti Suzuki on Saturday reported marginal growth while Hyundai and Tata Motors posted a decline in their sales in February as a slowdown in the market continued with demand remaining muted. On the other hand, Mahindra & Mahindra and Toyota Kirloskar Motor posted double-digit growth riding on their SUV and MPV models.
Congress leaders Sonia Gandhi and Rahul Gandhi are majority shareholders of Young Indian with 38 per cent shares held by each one of them. They were questioned for hours by the ED in this case a few years back.
Some of India's largest conglomerates are gearing up to either commission or commercially start the first phase of their new energy projects this year, according to company executives and analysts.
A communication to Sharma from the party's disciplinary committee said she has expressed views contrary to the party's position on various matters, which is in clear violation of its constitution.
The collective wealth of the 100 richest went past $1 trillion for the first time.
In the 82 matches he has donned the red and blue of the Capitals, Patel scored 967 runs and picked up 62 wickets, at an impressive economy of 7.09.
Singh, who opened up the economy as finance minister and served as prime minister for two consecutive terms, died on Thursday at the age of 92. "History will forever honour his pivotal role in the transformative 1991 reforms that reshaped India and opened its doors to the world.
Six Indian American leaders were sworn in as members of the US House of Representatives, marking the largest number of Indian American representatives in the US Congress. The group includes Congressman Dr Ami Bera, who has served seven consecutive terms, and newcomers Suhash Subramanian and Shri Thanedar. The six lawmakers, all Democrats, represent a significant milestone for the Indian American community in the US.
With the Adani and Jindal groups and Mukesh Ambani-owned Reliance Industries joining the race to buy Videocon Industries' (VIL's) assets, lenders are expecting aggressive bids for VIL's consumer durables and overseas oil assets, which are to be sold in separate auctions. The entire asset sale exercise is expected to be completed in the next six months, said a banker. A promoter entity of Naveen Jindal-owned Jindal Steel and Power has also evinced interest in the second round of bids for VIL's consumer durable business. The deadline to submit bids for VIL's assets ended on February 2.
Results for assembly polls in Haryana and Jammu and Kashmir were declared on Tuesday, with the Bharatiya Janata Party scoring a hat-trick in Haryana while the National Conference-Congress alliance emerged victorious in J-K. Here's how some big names fared.
Ramaswamy is still mulling on the exact date to formally announce his Ohio Governor run, which is slated to be in 2026.
KL Rahul, the stylish Indian batter, has been performing consistently regardless of his batting position.
The "weaponisation" of economic activity - through tariffs and sanctions - is now a reality, with countries leveraging these tools strategically, External Affairs Minister S Jaishankar said at the Raisina Dialogue recently.
A wave of high-profile player releases, including four prominent captains -- Shreyas Iyer, K L Rahul, Rishabh Pant, and Faf du Plessis -- has reshaped the landscape of the league.
Ask rediffGURU and PF expert Milind Vadjikar your insurance, stocks, mutual fund and personal finance-related questions.
Ramita Jindal gave a strong display of marksmanship to qualify for the women's 10m air rifle final in fifth place at the Paris Olympics.
'The height of irony is that Bobby Jindal will always be known as the first Indian-American Governor, the second Indian-American Congressman and the first Indian-American Presidential candidate, regardless of his claim to be just American. Given the situation in the US, no one will be able to erase his identity in relation to his origin.'
Stepping up the competition in the electric vehicle (EV) market, JSW MG Motor on Wednesday launched its electric crossover sport utility vehicle (SUV) Windsor with a new and 'aggressive' pricing model, an assured buyback plan, a lifetime battery warranty, and free public charging for one year. Under this new battery-as-a-service (BaaS) pricing model, customers can purchase the Windsor at a starting price of Rs 9.99 lakh (ex-showroom) and then pay a battery usage fee of Rs 3.5 per kilometre (km).
During 2023-24, while the BJP received over Rs 723 crore worth of donations from Prudent Electoral Trust, it also got over Rs 127 crore from Triumph Electoral Trust and over Rs 17 lakh from Einzigartig Electoral Trust.
The 100-stock largecap basket of Mutual funds (MFs) has seen a major reshuffle in the latest semi-annual reclassification with seven midcap stocks and four new listings earning the largecap tag. According to a report from Nuvama Alternative & Quantitative Research, the midcap stocks that have been upgraded include CG Power, Rail Vikas Nigam, ICICI Prudential Life Insurance, Polycab India, Indus Towers, Cummins India, and Info Edge.
'It hit me, there has to be a better use of technology.' 'It's very difficult to survive without technology and social media as well.' 'Somewhere you have to find the balance.'
'He is the key to unravel the 26/11 conspiracy.'
Stocks of Indian steel companies are reeling from pricing pressure that is partly blamed on cheap imports. The stocks have declined up to 9 per cent on the NSE in one month, likely allowing investors an opportunity to use the correction to enter the pack as pricing pressure eases. "In steel or any other commodity, if prices or spreads are nearing their bottom, it can be an opportune time to invest in those stocks. In India, domestic fundamentals such as steel consumption remain robust, hence one can take fresh positions in these counters," said Amit Dixit, an analyst at ICICI Securities.
The combined wealth of India's dollar billionaires is now equivalent to 33.81 per cent of India's nominal GDP.
The first luxury car will be launched in the first quarter of 2025 and the company is planning to open 12 'MG Select' showrooms in the next six months.
Two-term Louisiana Governor Bobby Jindal, the first ever Indian-American to be elected as a state Governor, is among the shortlisted candidates for Trump's Cabinet, according to a media report.
The foreign agency has claimed four accounts held by the Jindals.
