Billionaire Gautam Adani on Sunday won the race to acquire Swiss cement major Holcim's stake in Ambuja Cements and its subsidiary ACC for $10.5 bn (around Rs 81,361 crore), including the open offers. The Adani family, through an offshore special-purpose vehicle, announced that it had entered into definitive agreements for the acquisition of Holcim Ltd's entire stake in two of India's leading cement companies -- Ambuja Cements and ACC -- the Adani group said in a statement. The group outbid Ultratech and JSW group to enter the cement industry and also emerge as the country's second-largest cement manufacturer, with 70 million tonnes of capacity annually.
The Panama registered tanker New Diamond was carrying 270,000 metric tonnes of crude oil from Kuwait to India when its engine room caught fire off the coast of Sangamankanda in the eastern district of Ampara, Sri Lankan Navy spokesman Capt Indika Silva said.
Faced with one setback after another in expanding the scope of mining in the country, almost all the major miners of the world have wound down their operations in India.
Star Indian long jumper Murali Sreeshankar on Saturday qualified for the 2024 Paris Olympics after winning a silver medal in the Asian Athletics Championships.
Today, India has a 55 per cent market share of the world's diamond cutting and polishing business.
Olympic champion Neeraj Chopra, who had pulled out of two top events -- FBK Games in the Netherlands and Paavo Nurmi Games in Finland -- due to a muscle strain he sustained last month, has started training but is yet to recover fully.
Leading digital comic storytelling platform Pratilipi Comics has acquired rights of the highly-acclaimed graphic novel "Atharva: The Origin", featuring ace cricketer Mahendra Singh Dhoni as the titular character.
Which of Deepika's looks grabbed your attention? Vote now!
A Manisha Malhotra sari worn with minimal makeup.
Sukanya Verma looks at Bollywood's extravagant bling fetish.
The week's best from the fashion circuit.
These pics will unleash a love for shorts that will never die.
The second Red Sea International Film Festival saw some high fashion from Bollywood's glamour girls and handsome stars.
Move over Sydney Opera House, Theatre Royal Drury Lane, Mumbai has a new entertainment venue that will rival many a global address.
Deepika Padukone's fashion game at Cannes seems to be getting better and better.
Dhanteras has cheered up jewellers as it has turned out to be the best in three years, thanks to the lower price of the yellow metal and pent-up demand. In Mumbai's Zaveri bazaar, buyers came in out force and jewellers did not have to depend on freebies to induce sales, even though all of them had announced some offers. In fact, more discounts were announced for diamond and studded jewellery.
Chopra expressed his disappointment a day after Indian Olympic Association (IOA) president PT Usha came down heavily on the wrestlers for hitting the streets to resume their protests instead of approaching its athletes' commission to lodge their complaints against Wrestling Federation of India (WFI) chief Brij Bhushan Sharan Singh.
The continuation appeal hearing in the extradition case of Nirav Modi, the fugitive diamond merchant wanted in India to face charges of fraud and money laundering amounting to an estimated $2-billion Punjab National Bank (PNB) scam case, is listed to be heard in the high court in London on June 28. The 51-year-old diamond merchant had lodged an appeal against his extradition order on mental health grounds. "The hearing is listed for the 28th June," confirmed the Royal Courts of Justice administrative office last week.
The str walked the FDCI ramp for designer Varun Bahl.
The issue of extradition of Vijay Mallya and Nirav Modi figured in a virtual summit between India and the UK on Tuesday, with Prime Minister Narendra Modi asserting that economic offenders should be sent back to the country at the earliest for trial. India has been pressing the United Kingdom to extradite Mallya and Modi to face trial in India for their alleged involvement in cases relating to financial fraud. At a media briefing, joint secretary in the Europe West division in the ministry of external affairs (MEA) Sandeep Chakravorty said British Prime Minister Boris Johnson has mentioned that the authorities in the UK will do whatever possible to make sure that the economic offenders are extradited.
Six years after the rollout of the biggest indirect tax reform in India, Goods and Services Tax (GST) revenue of Rs 1.5 lakh crore every month has become a new normal and tax officers are focusing on dealing with fraudsters who are adopting newer modus operandi to game the system, causing loss to the exchequer. To apprehend black sheep, who operate as syndicates and create fake entities on the basis of forged documents to claim input tax credit (ITC), tax officers have started using data analytics, artifical intelligence and machine learning aiming to curb evasion, which was over Rs 3 lakh crore since inception of GST. It was over Rs 1 lakh crore in 2022-23. Thinktank Global Trade Research Initiative (GTRI) said the most critical pending GST reform is upgradation of GST Network to prevent fake supplies and fraudulent claims of Input Tax Credit (ITC).
How to have fun with your hair accessories without looking like an Christmas tree.
Ah! How we will love to see Athiya as a bride.
Telangana came to a standstill for a minute on Tuesday for mass singing of the national anthem as part of the celebration of 75 years of independence.
Wanted diamond merchant Nirav Modi on Thursday lost his fight against being extradited to India as a United Kingdom judge ruled that he can be sent back to face charges of fraud and money laundering in the estimated $2 billion Punjab National Bank scam case.
A jewellery show in Bangalore exhibited great pieces of diamond jewellery, featuring trendy necklaces and rings on Tuesday. Manasvi Mamgai, Miss India-World 2010 and Miss India-Earth 2010 Nicole Faria were the showstoppers. Take a look.
The Maa Bharati Ke Sapoot Web site (www.maabharatikesapoot.mod.gov.in) will enable citizens to contribute to the Armed Forces Battle Casualties Welfare Fund
The charges against the diamond merchant centre around his firms Diamonds R Us, Solar Exports and Stellar Diamonds making fraudulent use of a credit facility offered by the Punjab National Bank, known as 'letters of undertaking'.
'Manushi's trip was very last minute.' 'I did not have her (red carpet) outfit with me. It was already in Cannes.' 'We didn't know what she was going to wear.'
'It could take at least a couple of years for his case to go through the entire run of the British judiciary.'
Black is not just a colour, it is a whole vibe.
The diamond merchant wanted in India on charges of fraud and money laundering in the estimated $2-billion Punjab National Bank scam case, lost his legal battle against extradition as a UK judge ruled that he does have a case to answer before the Indian courts.
No longer a discretion of the tax administrator, the audit of returns filed by taxpayers is now based on a selection by algorithms, notes Tarun Bajaj.
A high court judge in London on Monday granted fugitive diamond merchant Nirav Modi permission to appeal against a magistrates' court order in favour of extradition to India to face charges of fraud and money laundering before the Indian courts on mental health and human rights grounds. Justice Martin Chamberlain delivered his verdict remotely under COVID-19 rules to conclude that the arguments presented by the 50-year-old diamond merchant's legal team concerning his "severe depression" and "high risk of suicide" were arguable at a substantial hearing. He also noted that the adequacy of the measures capable of preventing "successful suicide attempts" at Arthur Road Jail in Mumbai, where Nirav Modi is to be detained upon extradition, also fall within the arguable ambit.
The case goes back to 2014, where the diamond merchant had pleaded guilty, though indirectly, for mis-declaration of exports of diamonds.
He had finished 13th in the last edition of the championships in Doha in 2019 with the then national record time of 8:21.37.
Namrata Thakker revisits the top Cannes looks. Do vote and tell us if you liked them or not!
The Congress on Monday alleged that a Chinese national played a 'dubious role' in the Adani Group's activities and asked the government if it was not concerned that the conglomerate may be involving that person in important defence contracts.
The Enforcement Directorate Friday said it has attached gems, jewellery and bank deposits worth Rs 253.62 crore of some Hong Kong-based companies of fugitive diamond merchant Nirav Modi as part of a money laundering probe. Some assets of Nirav Modi group of companies in Hong Kong were identified in the form of gems and jewelleries lying in private vaults and bank balances in accounts maintained there and these have been provisionally attached under sections of the Prevention of Money Laundering Act (PMLA), the federal probe agency said in a statement. The amount kept in banks amounts to $30.98 million and Hong Kong dollars 5.75 million, which is equivalent to Rs 253.62 crore (as on July 22, 2022), it said.
