After a long wait, the Shapoorji Pallonji Group has closed the sale process of its consumer durables business under the Eureka Forbes label by picking the American private equity fund Advent International's Rs 4,400-crore offer for a 72 per cent stake. The sale process, which began in November 2019, will help the over 156-year-old SP Group pair the debt pile and sharpen the focus on the flagship construction and engineering business under Afcons. The valuation of Rs 4,400 crore for a 72.56 per cent stake is is at an enterprise level and subject to closing adjustments and also includes an open offer for the remaining stake after the demerger and listing of Eureka Forbes, the SP group said in a statement on Sunday.
Squashing erstwhile 'separatists', marginalising the 'mainstream', and squeezing funding channels have all evidently had an impact -- at least for the moment, notes David Devadas after a visit to Srinagar.
Any NGO critical of the government is unlikely to receive a green signal. The new amendment will leave NGOs vulnerable to harassment. It was the NGO sector that helped provide compassion and food to millions of people during the lockdown. The new Bill will render such cooperation and camaraderie impossible in future, observes Rashme Sehgal.
CII has also called for tax incentives for new health care projects and import duty relief for lifesaving equipment.
Swarms of digital ants may soon crawl all over the Internet, scouting not for food, but computer worms and self-replicating programs designed to steal information or facilitate unauthorised use of machines. Security experts have successfully deployed a new type of network security software which mimics the habits of real-world ants.
Cab aggregators caught between showing profitability to investors, increasing their network and dabbling in areas such as food ordering have seen a major blow to their primary business.
The first step? Get in touch with past employers and colleagues to see if there are any opportunities, advises Ravish Agrawal, founder and CEO, Able Jobs.
'We need to have the courage to take a rational look at known facts and act accordingly,' advises Mohan Guruswamy.
Had Finance Minister Sitharaman thought a little more about the middle class, disadvantaged sections, and the poor who are struggling, it would have been an inclusive Budget that would have made history, notes Ramesh Menon.
The world's largest burger chain, McDonald's, has had a smooth run in India till now. But Burger King, one of its biggest rivals, could be looking to eat away at its headstart.
Here's the full text of President's Ram Nath Kovind's address to the joint sitting of both houses of Parliament on the first of Budget Session 2022.
Union minister Ram Vilas Paswan appealed to people to boycott products from China and also directed officials of his ministry not to procure any Chinese products for day-to-day office use while his ministerial colleague Ramdas Athawale said all restaurants and hotels that sell Chinese food in India should be closed down.
Veena Balakrishnan and Vighnesh Vancheeshwar tell us how they planned it.
Fresher hiring is expected to more than double compared to last year.
No immediate relief appears in sight as the India Meteorological Department issued a red alert for six districts which have been already pounded by downpour, forecasting "extremely heavy" rainfall and recommending preventive actions.
Patanjali's packet milk to be lower than competitor brands by Rs 2 a litre
With the hybrid model in place, employees can take advantage of the working from office to build better working relationships, trust, and comradeship.
The business model is going through a reality check; expansion plans on hold and manpower rationalisation is on the cards. Checking expenditure is critical now as advertising is already on a downswing, though CEOs insist that the real impact will be felt in the next quarter. On condition of anonymity, an advertising sales executive admits to a 15 to 20 per cent decline in news channel advertising.
Unlike the race to buy airwaves by telecom companies, airports by infrastructure companies and city gas networks by energy companies, the race to develop super apps by consumer-facing companies in India has not brushed up against any regulatory issues. Officials at the ministry of electronics and information technology and at other regulators are happy they do not have to meddle in who among the Tata group, Reliance Industries Ltd, Flipkart or Paytm will manage to build an app that sweeps in customers. Unlike separate apps a customer uses on her mobile to order groceries, buy food or airline tickets or just make payments, a super app can perform all these functions.
Ankit Kawatra will be honoured by Queen Elizabeth II at Buckingham Palace on June 29.
Future Consumer Enterprise Ltd, the food and FMCG arm of Kishore Biyani-led Future Group, on Friday acquired south India-based convenience store chain Nilgiris for nearly Rs 300 crore (Rs 3 billion).
Sourav Ganguly expressed his sadness at the number of lives lost in the pandemic and the irreparable damage that it has caused.
We should use criticism constructively instead of getting offended, says Faisal Kidwai
The supplementary nutrition programme and the Poshan Abhiyaan under the Women and Child Development Ministry has been merged to launch Mission Poshan 2.0 to strengthen nutritional content, delivery, outreach, and outcome, according to the Union Budget announced on Monday.
The wet market was where a variety of live animals were traded until it was shut down following fears that the coronavirus had jumped to humans either from bats or pangolins.
Vistara started allowing passengers to book an extra seat from Tuesday. IndiGo and SpiceJet, too, are in the final stages of designing such a product to be sold as an add-on.
The Natural History Museum's annual competition and exhibition, Wildlife Photographer of the Year has been the longest-running and most prestigious nature and wildlife photography competition that has been recognising the world's best nature photography every year since 1965.
Byju Classes' founder Byju Raveendran, Zomato co-founder Gaurav Gupta, CEO of Antara Senior Living, Tara Singh Vachani, Vinati Organics' MD & CEO Vinati Mutreja and Swapan Mehra, CEO of Iora Ecological Solutions are among 115 young leaders.
The ministry cancelled the caterer's contract following tweets surfaced of the incident.
The study, which also includes internal data from Google and a survey of 1,000 women, found that three out of four women in SEC AB are now online and 75 per cent are in the 15-34 age group with over 24 million women accessing the Internet daily.
The Indian Army has shown it can face down the PLA, but is too often held back by a political leadership that lacks boldness, asserts Ajai Shukla.
The cartoon appeared to support the new policy of 'Atmanirbhar Bharat' enunciated by Prime Minister Narendra Modi as well as a call for a boycott of Chinese products.
Twenty years of economic reforms later, the Indian elephant has morphed into a tiger, averaging 8.5 per cent growth in the last decade. . .
Daily wagers are running out of resources, including ration and cash, and the state governments might not be able to sustain their needs for a longer period of time, given the lockdown has already been extended until May 3.
Havmor will now make its next journey, across India, under the banner of South Korea's Lotte Group, the confectioner best known for manufacturing and marketing chocolate marshmellow pies under the Choco Pie brand, says Sohini Das.
'Irrespective of their politics, people feel happy.' 'One of the best compliments I have received is that I have made it from Kashmir to Karnataka.'
In spite of continuous arguments about equality, women still do unmistakably more work than men at home, says Nidhi Pant.
Army Chief Gen Dalbir Singh Suhag on Wednesday said the forces would continue to work through "day and night" to render relief to the affected people in Kashmir.
The Centre will utilise huge network of post offices across the country to sell subsidised pulses, mainly tur, urad and chana, to ensure availability in the ongoing festival season.
