Reliance Retail Ventures Ltd, run by India's richest man Mukesh Ambani, on Tuesday raised Rs 5,512.50 crore from Abu Dhabi Investment Authority (ADIA), taking the total fundraise to Rs 37,710 crore in less than four weeks.
Tata Sons has started the process of due diligence of state-owned Air India and its subsidiary Air India Express. Sources said the group has appointed Bain and Company and Seabury Group for this purpose. Once complete, a financial bid will be submitted and a deal to take over the airline is likely to fructify by end of this year or even earlier, people involved in the process said. Simultaneously, the group has brought in veterans in the aviation business from Delta and United Airlines to prepare a plan for post-merger integration of Air India with its existing airline ventures. Tata Sons operates Vistara - a 51:49 percent joint venture with Singapore Airlines and Air Asia India, in which Tatas hold 83.67 per cent stakes.
British Prime Minister Boris Johnson on Monday confirmed the UK's first death from the Omicron variant of coronavirus, the first known fatality from the highly transmissible variant of Covid-19 in the world.
According to the latest data available from the Centre and the states in the night, the total number of Omicron cases in the country was around 1,200.
Kohli also named former South Africa cricketer Jonty Rhodes as the best fielder at backward point.
The Chinese admitted that they had suffered the maximum casualties fighting in the first battle on October 20, 1962, and these casualties had been inflicted mostly by 2 Rajput. Claude Arpi salutes Major B K Pant and his fighting force of 112 men, 82 of whom lost their lives in the Battle of Namkha Chu, and whose courage must never ever be forgotten by a grateful country for who they laid down their lives.
India remains a young nation, but it will not get younger in future. India has not managed to noticeably improve education. Nor has it managed to create employment opportunities, observes Devangshu Datta.
Three-quarters into the 10 years that Mr Modi had sought for transforming India, the 'output' numbers look impressive, but the key 'outcome' numbers don't show up much, if at all, observes T N Ninan.
On this Teachers Day, I once again bow my head as I remember all the teachers who had taught me in school, college, military academy, army courses and so on. But Ms Shantha Potty Aunty, this one more head bow is specially for you, admirably says Colonel K Thammayya Udupa (retd).
But Trump is about to announce his candidacy for president in 2024. And it is not clear if Florida Governor Ron DeSantis, the present hero of disenchanted Republicans, or Biden, who says he might seek re-election (but will decide in 2023), can checkmate Trump, notes Shreekant Sambrani.
By framing the right question, Satya Nadella directed his team's attention to searching for the right answer, which opened up a treasure trove of new business opportunities, which would have remained undiscovered but for framing the right question.
In a 26-page order, the fair trade regulator said there exists a prima-facie case for investigation against MMT-Go and OYO for alleged violation of the provisions of Section 3(4) of the Competition Act.
Ultra-long term equity investments have been a lot more rewarding than debt, a study published by Credit Suisse Research Institute in collaboration with London Business School shows. "Over the last 121 years, global equities have provided an annualised real return (in dollar terms) of 5.3 per cent versus 2.1 per cent for bonds," shows the study, which has looked at returns for 23 countries since 1900. In the Indian context, equity returns are even more favourable. Since 1953, equities have generated annualised returns of 6.5 per cent and government bonds only 0.4 per cent.
Second-placed Manchester United edged closer towards qualification for the Champions League
Mahsa Amini's tragic custodial death in Tehran has triggered protests across Iran. Defiant, jean clad women minus their tunics and hijabs are marching in unison and shouting 'Down with the dictator' Women in Iran have been pushed to the wall and are no longer willing to abide by the restrictions placed on them, explains Rashme Sehgal.
Krrish, Ravi enter semis of Asian Youth & Junior Boxing Championships
Protests broke out in some states on Friday, including Delhi's Jama Masjid and stone-petling at policemen in Uttar Pradesh's Prayagraj and Saharanpur, over the controversial remarks on Prophet Muhammad by two now-suspended Bharatiya Janata Party functionaries with demonstrators in Jharkhand injuring a few policemen while authorities in Jammu imposed a curfew in few areas and parts of Kashmir observed a shutdown.
The steady rise through most of July implies a greater demand for jobs. And most of this demand is being met, says Mahesh Vyas.
There are instances -- both from national and state elections -- of economic under-performers being returned to power, and also of parties being thrown out despite good performance, observes T N Ninan.
Results of an interim study recently published in The Lancet showed that two doses of Covaxin, also known as BBV152, had 77.8 per cent efficacy against symptomatic disease and present no serious safety concerns.
Gold, which lost its sheen to some extent in the second half of 2021, is likely to regain the glitter in the New Year and cross the Rs 55,000-per-10-grams level amid pandemic woes, inflation worries and stronger US dollar. After a stellar run up in 2020 when the yellow metal touched a record high of Rs 56,200 on the MCX in August, the prices are near Rs 48,000 per 10 grams now. This is roughly 14 per cent lower from the all-time highs and 4 per cent lesser compared to January 2021 levels.
A yellow-sari daintily clad Indrani was beaming broadly and it seemed like for the first time, for her, Rahul had done something right. Vaihayasi Pande Daniel reports from the Sheena Bora Murder Trial.
As of July 13, at least 111 countries, territories and areas have reported detection of the Delta variant, and this is expected to continue to increase, becoming the dominant variant globally in the coming months.
Fitch Ratings has revised India's GDP growth estimate to 12.8 per cent for the fiscal year beginning April 1 from its previous estimate of 11 per cent, saying its recovery from the depths of the lockdown-induced recession has been swifter than expected. In its latest Global Economic Outlook (GEO), Fitch said revision is on the back of "a stronger carryover effect, a looser fiscal stance and better virus containment." "India's second half of 2020 rebound also took GDP back above its pre-pandemic level and we have revised up our 2021-2022 forecast to 12.8 per cent from 11.0 per cent," it said. "Nevertheless, we expect the level of Indian GDP to remain well below our pre-pandemic forecast trajectory."
The central government is likely to exceed the budgeted tax collection target of Rs 22.2 trillion for the current fiscal year, led by better indirect tax mop-up, compliance measures, and recovery in most sectors following the second wave of the Covid pandemic. Personal income and corporate tax collections (net of refunds) grew 74 per cent to Rs 5.70 trillion in the first half of the current financial year, driven mainly by advance tax and TDS payments. The target for the current fiscal year is Rs 11.08 trillion; higher taxes are paid usually towards the end of a fiscal year.
His about-turn in the farm laws proves that he sees everything in just one dimension: Politics. That helps sometimes. But not always, observes T C A Srinivasa-Raghavan.
India's jugalbandhi with coal and clean energy is coming unstuck, neither achieving adequate renewable generation nor ensuring sufficient coal-fired power in the quest to become a $5-trillion economy. Six months have elapsed since Prime Minister Narendra Modi announced an ambitious climate agenda for India at COP26 at Glasgow. The net zero emissions target by 2070 is a distant one, but there are nearer-term plans to meet 50 per cent of energy demand with renewables by 2030 by increasing capacity to 450 Gw. A cursory look at the balance sheet of India's climate progress since November reveals ponderous progress towards meeting the renewables target even as the country is scrambling to expand coal-fired generation in the face of a power crisis.
Carlsen continued his dominating run as he took his lead to an almost unassailable five points.
Assembly elections to five crucial states will take place in a few months and the results will be decisive for the BJP, which is eyeing a third successive term at the Centre, in the forthcoming the Lok Sabha polls in 2024.
Social media giant accused of anti-competitive conduct by abusing its market power to create a monopoly and crushing smaller competitors.
To build one's political and ideological arguments on the dead bodies piling up outside our crematoriums is despicable and breaches the basic tenet of human civility, argues Vivek Gumaste.
Australia dominated with bat, ball and in the field to post their second successive innings victory over Pakistan
'These naval sailors should have been given due respect as freedom fighters.' 'February 18, 1946 should be as important as January 26 because that date changed everything.'
Domestic equity markets are in elite company. In May, Indian markets joined select developed markets (DMs) such as the US, UK and Germany to record new all-time highs. Among emerging markets (EMs), Brazil is the other market to have logged new highs this month. Asian peers such as South Korea, Taiwan and New Zealand are currently between 2 per cent and 10 per cent below their previous highs made earlier this year. The domestic markets were among the worst-performing major global markets in April amid a lethal second-wave of covid-19 infections.
The IAF chief thanked the Indian government for negotiating the deal, bringing it to a fruitful conclusion and the French government, air force, and industry for ensuring delivery of the jets and training of the pilots.
Both India and China talk now of self-reliance when their external trade, in relation to GDP, has been falling for some years, points out T N Ninan.
E-commerce firms and sellers including Amazon and eBay have made recommendations to the government for a differentiated policy framework for e-commerce in the revised Foreign Trade Policy (FTP) which is expected to come into effect from April 1, 2021. This is because the existing policies on exports have catered largely to traditional, offline and business-to-business exports. Suggestions have been made to the government that through the FTP, it is important to create a conducive policy framework for e-commerce exports that lowers the entry barrier for small businesses to start exporting, according to the industry sources.
Sunak, who has been leading the UK government's economic response during the COVID-19 lockdown as the Chancellor of the Exchequer, will automatically step in as part of an established order of precedence in the UK -- which does not have a written Constitution.
Similarly, FDI from Cyprus too increased by about three-times to $879 million in the last financial year from $296 million in 2018-19.
