The Adani group is in advanced talks with top sovereign funds based in West Asia to raise up to $2.6 billion for its airport expansion and green hydrogen projects. The group, which expects to close the ongoing financial year ending March with Rs 80,000 crore of Ebitda (earnings before interest, tax, depreciation, and amortisation), has held a series of road shows in London, Dubai, and Singapore with potential investors, briefing them about their future growth plans. The group's flagship, Adani Enterprises, may dilute part of its stake in the airport-holding firm and/or the green hydrogen business to these funds, which are keen to invest in the Indian infrastructure sector, said a source close to the development.
The two AAP leaders later filed a revision application in the sessions court challenging the metropolitan court's summons in the defamation case.
Out of six finals played, India have won three World titles, including two ODI World Cups (1983 and 2011) and one T20 World Cup in 2007.
Pakistan Cricket Board (PCB) chief Zaka Ashraf on Friday gave a pep talk to the Pakistan cricket team ahead of its much-anticipated World Cup match against arch-rivals India in Ahmedabad on Saturday.
Chip giant Qualcomm chief executive Cristiano R Amon and billionaire Gautam Adani on Monday discussed role of AI, semiconductors and edge appliances across markets in the fast changing global technology space. The two leaders met in Mumbai on Monday morning to discuss India's potential around semiconductors, AI and mobility, according to a social media post by Adani. While Qualcomm is big on designing and manufacturing semiconductors and wireless telecommunications products, Adani group had in 2022 bought a small quantity of fifth generation or 5G spectrum for private captive network deployment in ports, logistics and power generation among others.
England legend Alastair Cook has lauded Joe Root for his Bazball-defying century in the fourth Test and also drew an expected parallel with India captain Rohit Sharma while praising him.
This period saw big stars of the likes of Sunil Gavaskar and Kapil Dev fade into the sunset while it was witness to the birth of slew of young Indian cricketers that made their mark home and abroad.
South African batting great AB de Villiers on Wednesday called Ravichandran Ashwin a legend and said the senior India spinner has not always got enough credit for his service.
Former Pakistan cricket director Muhammad Hafeez has claimed that ex-captain, Babar Azam and foreign coaches Mickey Arthur and Grant Bradburn had given team fitness lowest priority in the lead-up to the ODI World Cup in India.
Veteran off-spinner Ravichandran Ashwin, who entered the elite 500 Test wicket club at Rajkot, climbed a rung to the second position behind pace spearhead Jasprit Bumrah.
Billionaire banker Uday Kotak founded bank as well as brokerage created and oversaw an offshore fund used by an unnamed investor to profit from a plunge in Adani shares that followed a damning Hindenburg report, the US short seller said on Tuesday. Hindenburg Research, which had in a January 2023 report alleged stock market manipulations and accounting fraud at the Adani group, said it has received a show cause notice from the Indian markets regulator Sebi over gains made from betting on the conglomerate's shares.
Jalan Kalrock Consortium, the winning bidder for the revival of grounded carrier Jet Airways, on Friday said it has infused an additional Rs 100 crore in the airline as per the court-approved resolution plan. With this, the consortium has "fulfilled" its total financial commitment of Rs 350 crore to revive the airline, which would pave the way for it to take over the ownership of Jey Airways, JKC (Jalan Kalrock Consortium) said in a statement. JKC also said it is expecting the airline to be up and running next year with the launch date likely to be announced in the next few days.
Hero MotoCorp, a major player in the two-wheeler market, has seen a 9 per cent rise in its stock since the beginning of the month. This increase, driven by the largest motorcycle company by volume, is attributed to expectations of a revival in rural sales due to normal monsoons, government measures to boost consumption, recent market share gains, and a large valuation discount compared to peers. In the near term, the company's volume performance and growth trajectory, particularly in rural markets and entry-level segments, are expected to be key drivers.
From setting up cutting-edge facilities to cater to the domestic market and building capabilities of global standards, the action is building up.
Travis Head smashed a brilliant 137 as Australia cruised to their sixth World title after outclassing India by six wickets in the final on Sunday.
Paytm, the country's leading fintech player which had to shut its payment bank business following regulatory action, is revisiting its business strategy including partnership with lenders. Also, the company's founder and chief executive officer (CEO) Vijay Shekhar Sharma has decided to oversee the day-to-day operations with all the major verticals reporting directly to him now. "The thing on top of everyone's agenda is getting the core businesses back on track," a person in the know said.
Legendary Australia speedster Brett Lee feels apart from Jasprit Bumrah, pacers are failing to nail yorkers effectively in the death overs and he wants them to master the pivotal delivery.
While speaking to a TV news channel, car owner Vishwajit Mazumder said he had gone to a hospital in Noida Sector 50 with his sister-in-law and they were asked for some payment in cash along with photocopies of some documents.
A Rs 7,056 crore outer harbour project by VO Chidambaranar (VOC) Port in Tuticorin is garnering interest from domestic and global majors in the sector, such as Adani Ports and Special Economic Zone, Singapore's PSA International, Dutch major Van Oord, JM Baxi, and JSW, among others, according to sources close to the development. The project aims to capitalise on the newfound investor interest in the region, spurred by mega investments such as the Rs 16,000 crore electric vehicle manufacturing unit by Vietnamese major VinFast, the Indian Space Research Organisation's second spaceport in Tamil Nadu's Kulasekarapattinam, and Singapore's Sembcorp's Rs 36,238 crore investment in renewable energy.
Wholesale price-based inflation remained in the negative territory for the fifth straight month in August at (-)0.52 per cent, but prices of food articles and fuel showed an uptick. The wholesale price index (WPI) based inflation rate has been in the negative since April and was (-)1.36 per cent in July. In August last year it was 12.48 per cent. Inflation in food articles remained in double digit at 10.60 per cent in August, lower than 14.25 per cent in July.
Devon Conway and Rachin Ravindra scoring centuries in the same game is the first instance of two Kiwi batters scoring a century each in a World Cup match. It was also the first time two Kiwi batters scored a century each on World Cup debut.
With land acquisition completed and infrastructure work streamlined, India's bullet train dreams are slowly, but finally, inching closer to reality.
The Directorate of Enforcement (ED) has launched a preliminary investigation or a pre-open inquiry into alleged violations related to the Foreign Exchange Management Act (Fema) in the Paytm Payments Bank case, according to sources in the know. The probe follows serious concerns raised by the Reserve Bank of India on multiple violations by the Paytm bank, which is a joint venture between One97 Communications, which is the parent company of Paytm, and the group's founder Vijay Shekhar Sharma.
Ahead of the fifth and final Test at Dharamsala, England's head coach, Brendon McCullum, opined that it would be "slightly mad" if the spin duo of Tom Hartley and Shoaib Bashir didn't get the opportunities to play in the County Championship.
The National Company Law Tribunal (NCLT) on Tuesday questioned the maintainability of the insolvency plea filed against air carrier SpiceJet by one of its operational creditors Willis Lease Finance Corporation. A two-member NCLT bench comprising Members Mahendra Khandelwal and Rahul Prasad Bhatnagar observed that Willis Lease Finance Corporation has withdrawn its insolvency plea for the same dispute in March 2023 and has approached again with a new plea. The bench wanted to know as Willis Lease Finance Corporation, an aircraft lessor, had filed again for a similar cause of action within a few months.
After the lull in January and February when only a handful of movies hit the screens, it's going to be a rather crowded March in the theatres.
Lying in the Intensive Care Unit (ICU) of a Chennai hospital, Chitra Ravichandran was slipping in and out of consciousness but she had just one query for her son Ravichandran Ashwin when she saw him by her bedside -- "Why did you come?"
The share of foreign loans in total Adani group debt portfolio dropped to 61 per cent by September 2023 from 63 per cent as of March 2023, as the group repaid part of its foreign loans and refinanced part of older loans. The share of Indian lenders, on the other hand, rose to 39 per cent in the total debt pie in September 2023 from 37 per cent in March after a report by US-based short seller Hindenburg Research in January last year, which led to volatility in the share prices of group companies. The group's total debt remained static at Rs 2.26 trillion in the same period.
Prolific India opener Yashasvi Jaiswal, the leading run-scorer in the ongoing Test series against England, has been nominated for ICC Men's Player of the Month Award for February alongside New Zealand's Kane Williamson and Sri Lanka's Pathum Nissanka.
Playing an aggressive brand of cricket, Yashasvi Jaiswal has already hit two double hundreds in his nascent career and the young India opener says though Test cricket is "tough" he believes in making it big after getting a start.
Legendary Brian Lara asserted that Virat Kohli's value transcends cold numbers, and the West Indian virtuoso has little doubt that the star batter should be a part of India's T20 World Cup squad.
One of England's heaviest Test defeats could not shake Ben Stokes' conviction in their high-risk approach and the touring skipper believes they can still win the five-Test series in India.
Indian cricket fraternity praised the team after its massive win over arch-rivals Pakistan
'I got a message from Dave, which was quite personal. I tried to ring to try and talk to him about it.'
Afghanistan unlikely to give NOCs for Mujeeb, Naveen and Farooqi, putting IPL participation in doubt
Australia batsman Usman Khawaja has mounted a spirited defence of David Warner.
The Indian Railways carried more goods in December 2023 than the same time last year, making more money than any month bar one since the pandemic. The railways made Rs 15,098 crore by carrying freight in December 2023. The number was higher only in March 2023 when it earned Rs 15,769 crore, according to data from the Centre for Monitoring Indian Economy (CMIE).
A bench of Chief Justice DY Chandrachud and Justices PS Narasimha and JB Pardiwala was told by solicitor general Tushar Mehta that he had some discussion with the governor on the issue and would make a statement on the next date of hearing.
India's industrial production growth decelerated to an 8-month low of 2.4 per cent in November, mainly due to poor showing by the manufacturing sector, according to the official data released on Friday. The factory output growth measured in terms of the Index of Industrial Production (IIP) was 7.6 per cent in November 2022. The previous low of IIP growth was recorded at 1.9 per cent growth in March 2023.
Rohit Sharma is not averse to playing three spinners against Pakistan on a huge Motera ground with big square boundaries.
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