Rakesh Jhunjhunwala-backed Nazara Technologies is all set to hit the primary market with its Rs 583-crore IPO on Wednesday. The diversified and online gaming firm's three-day issue will run through March 17-19 and will be entirely an offer for sale (OFS). While 5.29 million equity shares will be offloaded via OFS by some of the shareholders, Rakesh Jhunjhunwala, who owns 3.29 million shares or 11.51 per cent stake in the company as of September 30, 2020, has decided to hold on to his stake. The issue has a price band of Rs 1,100-1,101 and will be available in lots of 13 shares and multiples thereof.
The government has received three preliminary bids for buying of controlling stake in India's second-largest fuel retailer Bharat Petroleum Corporation Ltd (BPCL), Oil Minister Dharmendra Pradhan said on Wednesday. Mining-to-oil conglomerate Vedanta had on November 18 confirmed putting in an expression of interest (EoI) for buying the government's 52.98 per cent stake in BPCL. The other two bidders are said to be global funds, one of them being Apollo Global Management.
Some low-lying places like Hindmata, and areas in Dadar and Sion, including the Gandhi Market and road number 24 in Sion, were inundated, forcing pedestrians to wade through the water and making it difficult for motorists to commute.
India is seen as an emerging market for luxury cars.
His view will be shaped by his perception of US world interests and India's economic performance relative to China.
The AIADMK is convinced that the BJP will remain an electoral burden for a long time to come, beginning the Lok Sabha polls next year, reveals N Sathiya Moorthy.
'The politics of Goa is moving around a sole entity, which is land.'
Weeks after confusion over three Mauritius-based funds whipsawing shares of Adani group firms, billionaire Gautam Adani on Monday said that "twisted narrative" seems to imply that companies have regulatory powers over their shareholders and can compel disclosures. Shares of port-to-energy group nosedived last month after reports that accounts of three of the six Mauritius-based funds that have invested most of their money in Adani group firms had been frozen by the national share depository. The three funds owned about $6 billion of shares across the conglomerate.
Uber's draft prospectus for the biggest IPO in the world since Alibaba's in 2014 has projected a major cash burn for Uber in trying to get a significant market share in India, reports Karan Choudhury.
From opposing the NPR and NRC to demanding special status for Bihar to staying out of the Union Cabinet on principle to showing the BJP who was boss in Bihar, Nitish Kumar has wasted no opportunity at cocking a snook at the BJP leadership. But how long can he continue, asks Gopal Krishna.
'India's relationship with China has been and will continue to be complex, delicate and sensitive,' says Rup Narayan Das.
Bengaluru has emerged as the world's fastest-growing mature tech ecosystem in the world since 2016, followed by the European cities of London, Munich, Berlin and Paris, with India's financial centre of Mumbai in sixth place, according to new research released in London on Thursday.
Fast food chain McDonald's India is planning to continue with its expansion and will open 40 more restaurants across the country during 2009-10.
A sharp decline in crude and strengthening of the rupee added to the buoyancy.
The company, which opened its second dealership in India here, plans to add a third one in Bengaluru for which it is in discussions with a local partner.
Before the ban, Maggi commanded a market share of around 75 per cent. Following legal battles, the popular noodles brand was back in the market in November last year.
'The first two months of monsoon are not looking good.' 'In case both the halves fail, it is going to be misery.'
Simplilearn said the pandemic had accelerated demand for skills in areas such as artificial intelligence, cloud computing, data science and cybersecurity.
In a 35-minute address to the Indian diaspora, the prime minister said that his government was not afraid of taking "big" and "tough" decisions in the interest of the country.
A direct contest between nominees of the BJP-led NDA and Congress-headed Grand Alliance is on the cards in 20 constituencies
'Even troubles/challenges seek attention/respect.'
It will be available in 42 languages, including six Indian languages - Hindi, Bengali, Tamil, Kannada, Gujarati and Marathi.
US computer maker Dell Inc plans to extend its business in India but would use Malaysia as the hub for capturing the Asian market.
With its political colour dominated by less than democratic trends, BRICS currently leaves some of us wondering -- where in this grouping is there an assurance that human freedom will be respected unconditionally? It would be nice to see the new members of BRICS drawn from the ranks of countries wedded to preserving and guarding human freedom, observes Shyam G Menon.
US construction equipment major Caterpillar Inc plans to source products from India for its overseas markets as part of strategies to make the local subsidiary a global sourcing hub, a top company official said.
'Another rejection of mediation between India and Pakistan will leave Mr Trump disappointed.' 'In that case, he is likely to point out the war-like situation on the border and press for direct talks which have been stalled on account of continuing terrorism from Pakistan,' notes Ambassador T P Sreenivasan.
The company has also advised power firms to use trucks to carry coal from remote mines, like the Amrapali open cast pit in eastern Jharkhand state.
The words 'industry', 'industrial development', 'jobs', and 'employment' have been ringing with higher frequency since Mamata Banerjee stepped into her third term with landslide victory after a high-octane election last year. "Our government's next target is industrial development," the chief minister (CM) had been heard stating at different public meetings in the past few months - perhaps setting the tone for the sixth edition of the Bengal Global Business Summit (BGBS) slated for later this month. Investor summits by any state are about intent, big numbers, and tall claims. Yet in competitive federalism, its importance as a marketing tool is undeniable.
The letter was seized during nationwide raids conducted by the Pune police in connection with the case following which these activists were arrested, he said.
Singh, who is now the company's president for the east, central and south China division, steps into the shoes of Sanjiv Gupta.
He said that if there are issues that need to be talked about, it is between India and Pakistan.
Hudco had in 2006 given a loan of Rs 62.38 crore to Bakshi's private venture, Ascot Hotels and Resorts, for a commercial project in Noida. The loan, however, turned NPA in 2011.
More US companies are likely to shift production of their high-value software products to Indian firms, which, they believe, can deliver quality products at a much faster pace, an industry expert said.
'If we don't want to be the poorest large economy even in 2030, we need to be doing very much more than is being attempted.'
West Bengal Chief Minister Mamata Banerjee has left no stone unturned this year after big industrialists, along with Union ministers, skipped attending the BGBS 2017.
BSNL, Tata Teleservices and Reliance Communications, who also provide GSM technology-based services, are not part of the report.
The region constituted more than 31percent of the segment's total sales volume in 2016.
Accor president and chief operating officer Yann Caillere is delighted to have, after some initial hiccups, finally found the right partners in India for developing hotels to be run under its brand.
Thailand's importance to India's Act East policy is too significant to be overlooked.
