Germany-based Mutares SE & Co will acquire 80 per cent controlling stake in Mahindra & Mahindra's French unit Peugeot Motocycles. In a statement, the Mumbai-based auto major on Thursday said Mutares has submitted an irrevocable binding offer to acquire 50 per cent of equity and a controlling stake of 80 per cent in France-based Peugeot Motocycles (PMTC). As part of the deal, Purple, a fully-owned entity of Mutares Holding, would invest 7 million euros in PMTC, which would entitle it to a 50 per cent shareholding and 80.01 per cent voting rights in the French firm.
This will be done across five cities - Delhi, Bengaluru, Coimbatore, Bhopal, and Shillong. Thereafter, it will be scaled up and launched in 100 cities over a period of six months, said a senior government official.
The Mumbai police's probe in this respect was "at variance" with its probe, the central agency said in the charge sheet.
Asked why the United States was targeting Putin's daughters, a senior Biden administration official said the US thought they could be in control of some of their father's assets.
Strongly condemning the killing of writer MM Kalburgi, Sahitya Akademi today passed a unanimous resolution appealing to state and central governments to take steps to prevent such incidents and asked authors to take back the awards they had returned to protest against "rising intolerance".
Allardice conceded some members put "particular attention on their domestic leagues" but insisted their commitment to international and bilateral cricket was "as strong as it's ever been".
FIFA has told India's football association to complete changes to its constitution
The Asia Cup is "likely" to be moved out of Sri Lanka in the wake of political unrest in the island nation, SLC secretary Mohan de Silva said on Sunday, adding that the tournament could be played in the UAE.
'Mumbai turned me into a fighter, always hustling to keep up with the world.' 'Now, I hustle for the poor and the ones who don't have a voice because I feel they are poor for no fault of their own.'
As Russian forces closed in on Kyiv, the chief executive of the Ukraine Cricket Federation (UCF) locked himself in his seventh-floor apartment in the capital.
The sibling rivalry in Dravida Munnetra Kazhagam escalated on Tuesday with its party chief M Karunanidhi saying his elder son Alagiri has talked about the "death" of his younger son Stalin, a charge the Madurai strongman dubbed as baseless.
West Bengal, the chief minister said, cannot be compared with other states and despite all hurdles it had an increased revenue generation over the last three years from Rs 21,000 crore (Rs 210 billion) to Rs 40,000 crore (Rs 400 billion).
'As Rana is not an Indian citizen, our leverage on the US system -- whether it's their judiciary or the executive -- is very limited in that sense.'
The RBI's Monetary Policy Committee brainstormed the impact of any future shocks on the inflation trajectory and stressed monitoring the cumulative effect of monetary policy actions over the past one year, which is still unfolding, revealed minutes of the rate-setting panel released on Thursday. The minutes of the meeting of the Monetary Policy Committee (MPC), headed by Reserve Bank Governor Shaktikanta Das, also indicated it would be premature to declare an end to the monetary tightening cycle, which started in May 2022 to check high inflation following the outbreak of the Russia-Ukraine war. The central bank, which effected six back-to-back hikes in the key short-term lending rate (repo) since May 2022 to check high inflation, decided to take a pause early this month.
'How can we tolerate if a Constitutionally-appointed governor acts in violation of the Constitution?'
Asian Games are scheduled to take place from Sept. 10-25 in the capital of Zhejiang province
Laxman Narasimhan, a veteran in leading and advising global consumer-facing brands, has been named as the new CEO of coffee giant Starbucks, joining a growing cohort of Indian-origin business leaders at the helm of global corporations.
Australia would be open to hosting Asian arch-rivals Pakistan and India in a series to revive a contest world cricket wants to see, board chief Nick Hockley said.
The Trinamool Congress and the Communist Party of India on Tuesday said they will skip the inauguration ceremony of the new Parliament building even as the war of words over the prime minister and not the President scheduled to do the honours on May 28 continued between the government and the Congress.
FIFA U-17 Women's World Cup 2021 scheduled to take place on 11-30 October 2022 will be held in India as planned.
A day after president Narinder Batra called for truce among the warring factions of the Indian Olympic Association (IOA), Secretary General Rajeev Mehta also spoke in the same vein wanting to end the acrimony which he feels is hurting Indian sports.
As part of its effort to change the face of the party, diversify its base and gain the support of this cash rich community, the Republican Party is working to field 10 Indian-Americans in the 2014 Congressional elections.
"Independence means if government has done something wrong, you say it's wrong. But at the same time, you should have courage when the government is doing the right thing every day. You have to also say that," he Gautam Adani was quoted as saying by FT.
India captain Harmanpreet Kaur lauded the bowlers after the team's triumphant campaign in the Women's Asia Cup, which ended with a lop-sided win in the final against Sri Lanka in Sylhet, Bangladesh, on Saturday.
Life insurance companies reported a 17 per cent year-on-year (YoY) drop in new business premium (NBP) in February as state-owned Life Insurance Corporation of India's premiums contracted 32 per cent during this period on account of a drop in its group single premium segment. According to data released by the Life Insurance Council, the industry earned an NBP of Rs 22,847.65 crore in February - a drop of 17 per cent from the same period a year ago.
Paswan's announcement came following a meeting of the LJP national executive which endorsed his leadership and hit out at a faction headed by his paternal uncle Pashupati Kumar Paras for its work against the party's constitution.
'AAP is more acceptable to sections of the middle class because it has pragmatically tried to accommodate Hindu sensibilities.'
While the BPF and the UPPL are considered rivals in the Bodo-dominated areas, there was no pre-poll alliance among other parties as well.
For several months, there has been speculation among political circles in Amaravati that Priti Adani was most likely to be given one of the four Rajya Sabha seats on behalf of the ruling YSRC.
DD Freedish is the 'largest TV platform in India', going to 58 million homes, featuring 70-odd private channels. DD Freedish reaches about 278 million people, and is easily among the top five TV platforms in the world.
Declaring the organisational poll results to top two posts, party's election official C Ponnaiyan said Panneerselvam and Palaniswami were elected unanimously, without contest to the posts of Coordinator and Joint Coordinator respectively.
Ishaan and Sai Pratheek took just 30 minutes to get the better of English duo
'Bommai is everybody's man and nobody's man'
Agitators called for a 'Chalo HCU' protest march to press their demand for a 'Rohith Act' to safeguard SC/ST students.
The Madras high court on Wednesday set aside the proceedings of the Tamil Nadu revenue department locking and sealing the All India Anna Dravida Munnetra Kazhagam headquarters in Chennai following the July 11 violence, and directed that the keys of the office be handed over to party chief K Palaniswami.
Jadavpur University students on Friday did not allow the Registrar and Pro-Vice Chancellor to enter the campus and boycotted classes for the second consecutive day in protest against police action on them two days ago.
The Reserve Bank will hold a special meeting of its rate-setting committee on November 3 to prepare a report for the government on why it failed to keep retail inflation below the target of 6 per cent for three consecutive quarters since January. The six-member Monetary Policy Committee (MPC) headed by RBI Governor Shaktikanta Das will prepare the report on reasons for failure to meet the inflation target as well as the remedial measures the central bank is taking to bring down prices in the country. "Under the provisions of Section 45ZN of the Reserve Bank of India (RBI) Act 1934... an additional meeting of the MPC is being scheduled on November 3, 2022," RBI said in a statement on Thursday.
'Football is in full solidarity with all the people affected in Ukraine. Both Presidents hope that the situation in Ukraine will improve significantly and rapidly so that football can again be a vector for unity and peace.'
FIDE said it will do its utmost to find another organiser for the Olympiad and will provide more information in due time.
Cricket has been shortlisted for potential inclusion at the 2028 Los Angeles Games along with baseball-softball, flag football, lacrosse, breakdancing, karate, kickboxing, squash and motorsport.
