With the Adanis submitting an earnest money deposit (EMD) of just Rs 100 crore on Monday for the upcoming 5G spectrum auction, the apprehension among the rivals that the group is nursing ambitions of being an all-India mobile player has been allayed at least for now. Based on its EMD, analysts say it can buy spectrum worth just Rs 900 crore, whose use will be limited to enterprises and captive networks -- that too is likely only in a few circles where it has its infrastructure like ports, airports, and power stations. While getting all-India millimetre band spectrum of 400 MHz (which costs Rs 2,800 crore) is ruled out, it might choose circles like Gujarat and Mumbai to start with.
The timing of the news immediately triggered speculation that Frenchman Eric Boullier could be heading to McLaren, who were due to launch their 2014 car later in the day in an online presentation.
Formula One world championship leader Nico Rosberg's contract with the Mercedes team has shown up in the Panama Papers, leaked documents which reveal offshore financial dealings, German broadcaster ARD reported on Monday.
Learning perhaps from the Kargil debacle, Musharraf tried hard to evolve as a statesman in his dealings with India, recalls Rana Banerji, who headed the Pakistan desk at RA&W.
Shamshera's problem is a shocking inability to support its bombastic ideas with gripping drama. The result is the wastage of not one but two Ranbir Kapoors, observes Sukanya Verma.
A summary of sports events and persons who made news on Tuesday
A glaring error by Ferrari denied Charles Leclerc the chance to shine at home, with the 21-year-old failing to make it through the first phase and qualifying only 16th after going fastest in final practice.
Australia still searching for their best formula in ODIs, says Finch
One thing is certain: The part-Goan, part-Malayali group CEO of Air Asia is not your usual boardroom CEO, and he cultivates the maverick businessman image, buying race car teams and football clubs and taking off-beat bets with his mentor and now buddy Richard Branson of Virgin.
Nobody else needs to boycott Bollywood, they are doing a pretty good job of digging up their own foundation, notes Deepa Gahlot.
Swiss-based Sauber have parted company with principal Monisha Kaltenborn, the first woman to run a Formula One outfit, the team's owners said.
In the wake of several Bharatiya Janata Party-ruled states using bulldozers to raze the houses of persons accused of being involved in criminal activities, senior Rashtriya Swayamsevak Sangh leader Indresh Kumar on Wednesday said this action was not targeted at any particular community, but against those involved in some crime.
The Pakistan army is staring at the greatest, scariest, existential threat to its power in their country. This threat has come from a populist riding democratic power, observes Shekhar Gupta.
A mix of interesting events, coupled with big, shocking results, in the sporting world, grabbed headlines last week. From Manchester United being stunned by Watford to lose their third consecutive match to Nico Rosberg taking the World Championship lead from Mercedes teammate and rival Lewis Hamilton by clinching the Singapore Grand Prix. The Rio 2016 Paralympic Games were brought to a close inside a packed Maracana Stadium on Sunday evening. Not before, we witnessed some enthralling action.
Sanjib Jha, CEO, Coverfox Insurance Broking, answers your health insurance related queries.
Exercising self-defence is a nation's primary right when a situation demands 'immediate and proportionate action' and applies also to attacks by non-state actors, India told a United Nations meeting, highlighting several proxy cross-border and state-supported terrorist attacks like the 26/11 Mumbai assault the country was subjected to from its neighbour.
"I am a corporate story teller. I write stories that people can relate to," says Partha Basu, author of Mid-Career Crisis...why some sail through and others don't, in which he charts out a plan to tackle mid-career crisis and offers insights into how you can achieve success in your career.
A report of five-member sub-group constituted by the Supreme Court to audit oxygen use in hospitals in the national capital during the second wave in April-May said the Delhi government "exaggerated" consumption of oxygen and made a claim of 1,140 MT, four times higher than the formula for bed capacity requirement of 289 MT.
Hamilton already had more race wins, pole positions and podium finishes than any other driver in the history of the sport.
Conor McGregor said on Tuesday he was retiring from the sport, five months after losing to Khabib Nurmagomedov in a controversial title fight
While the stocks met various other inclusion parameters, there were fears they may still get disqualified given the sharp run up in their stock prices.
A summary of sports events and sports persons, who made news on Wednesday.
'Visibly there is a posturing that everything is fine. That creates a bit of a problem.'
The report also revealed the parlous finances of the Vijay Mallya-owned team at the time they were taken into administration last July.
Amid the reports of coronavirus vaccine shortage from various states, the central government and Hyderabad-based Bharat Biotech are willing to invite other companies which want to produce COVAXIN in a bid to scale up the vaccine production, said NITI Aayog member Dr VK Paul, on Thursday.
Rediff.com gives you a glimpse of the best sporting action from the week gone by.
A definitive guide to the movers and shakers who sit at the helm of the Asian sports boom.
Sahara told the court it was working on new deals to raise funds.
Doubts about Force India being able to race at Spa, the first Grand Prix since the August break, emerged on Wednesday with reports of legal complications.
Exasperated at England's consecutive defeats, former captain Alec Stewart said the hosts must learn from India how to play One Day cricket.
A summary of sports events and sports persons, who made news on Wednesday
Aashi Hanspal has been selected along with 19 others in the age group of 12-16 out of 70 entries from five continents.
Get ready to challenge yourself.
A day after joining the OECD-G20 framework for global minimum tax, the finance ministry on Friday said some significant issues including share of profit allocation and scope of subject to tax rules are yet to be addressed and a 'consensus agreement' is expected by October after working out the technical details of the proposal. Total 130 countries on Thursday agreed to a overhaul of global tax norms to ensure that multinationals pay taxes wherever they operate and at a minimum 15 per cent rate. India is in favour of a consensus solution which is simple to implement and simple to comply.
The apex court said there is no legal mandate that pensioners who held the same rank must be given the same amount of pension as it upheld the Centre's decision to give OROP in defence forces.
Black Lives Matter was stenciled onto NFL fields and NBA courts. Athletes raised fists and took the knee.
'They have to be seen as being responsive to the employment woes and economic stagnation afflicting many young people.'
Summary of all sports events and persons that made news on Thursday.
As we prepare to cruise into the New Year, Rediff.com gives you a glance back, through photos, into all the sporting moments that made the last 12 months memorable.
Chairperson of the COVID Task Force for All India Institute of Medical Sciences, Dr Naveet Wig on Thursday said that the COVID-19 crisis is 'a dynamic situation' and to prevent a third wave of the pandemic, there is a need to keep changing strategies.
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