Prime Minister Narendra Modi commissioned India's first indigenously designed and built aircraft carrier INS Vikrant in Kochi on Friday, that put India into a select league of countries with domestic capability to build such large war ships.
Byju's is raising about Rs 2,200 crore ($300 million) as part of a larger round of new investment as the world's most valuable edtech company focuses on expanding its business in global markets and explores to do more acquisitions. According to industry sources, the new funding may value Bengaluru-based Byju's at $18 billion, up from a valuation of $16.5 billion in June this year. In June, Byju's became India's most valuable unicorn with a valuation of $16.5 billion, surpassing fintech company Paytm's $16 billion valuation.
When Life Insurance Corporation (LIC) of India gets listed on the bourses next month, it will be among the biggest listed life insurers globally in terms of market capitalisation (m-cap), assets, and revenue, but will also be among the least profitable and capitalised among its peer group. A big gap between LIC's m-cap, profits, and networth (shareholder capital) will make it one of the priciest insurers globally, in terms of price-to-earnings (P/E) multiple and price-to-book value (P/B) ratio. LIC also lags behind its Indian listed peers in terms of profit and networth.
In this weekly self-help series, mental health and life coach Anu Krishna tells you how to take control of your life.
Mirabai Chanu will enter Birmingham, as title favourite.
Th report predicted that the world population is to reach eight billion by mid-November 2022.
Media major Zee Entertainment Enterprises Ltd (ZEEL) has cancelled its board meeting, scheduled to be held on Wednesday for considering the results for the July-September quarter, due to lack of quorum. In a regulatory filing on Tuesday, ZEEL said, "A meeting of the Board of Directors of the Company, which was scheduled to be held on Wednesday, October 27, 2021, inter alia, to consider and approve the unaudited financial results of the Company both on a standalone and consolidated basis for the 2nd quarter and half year ended September 30, 2021, has been cancelled due to lack of quorum." The development comes at a time when the company is battling it out the single-largest shareholders Invesco Developing Markets Fund (formerly Invesco Oppenheimer Developing Markets Fund) and OFI Global China Fund LLC that together hold 17.88 per cent and have been pressing for an extraordinary general meeting of shareholders for removing managing director Punit Goenka, besides opposing ZEEL's proposed merger deal with Pictures Network India (SPNI).
The fate of India's upcoming tour of South Africa amid the trepidation triggered by new COVID-19 variant Omicron will be addressed when the Board of Control for Cricket in India holds its 90th Annual General Meeting in Kolkata on Saturday.
The probe agency sought to intervene in a plea of Chandrashekhar, who is lodged in Tihar jail on charges of money laundering and duping several people, and his wife seeking their transfer to a prison outside Delhi alleging threat to their lives from jail staff.
Anil Rego, CEO, Right Horizons, answers your personal income tax queries.
The Election Commission has written to heads of recognised political parties saying that it has created a fund in which fines for contempt of court can be deposited for failing to comply with the apex court's directions.
Alka Mittal has been appointed interim chairman and managing director of Oil and Natural Gas Corporation (ONGC) - the first woman to head the country's largest oil and gas producer. Mittal replaces Subhash Kumar, another interim head who retired after reaching superannuation age on December 31. "The Appointments Committee of the Cabinet (ACC) has approved the proposal of the Ministry of Petroleum and Natural Gas for entrustment of additional charge of the post of chairman and managing director (CMD), ONGC to Alka Mittal, director (HR), ONGC for a period of six months with effect from January 1, 2022, or till the appointment of a regular incumbent to the post, or until further order, whichever is the earliest," the Department of Personnel and Training (DoPT) said in an order dated January 3, 2022.
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.
He was conferred with the Shaurya Chakra in August for averting a possible mid-air accident after his Tejas light combat aircraft suffered a major technical glitch last year.
'Consistency is the key to cracking any goal.' 'If you can't put in 10 hours a day, make it 6 hours or 8 hours, but stick to it.' 'Don't lose momentum.'
In this weekly self-help series, mental health and life coach Anu Krishna tells you how to take control of your life.
'Till date, 90-95 per cent of the mission objectives have been accomplished' 'Future programmes will go as planned' After the moon landing mishap, K Sivan, chairman, Indian Space Research Organisation spoke to T E Narasimhan/Business Standard of the future and the mood among his scientists. Edited excerpts:
Regulator Sebi on Friday imposed penalties on Reliance Industries Ltd, its chairman and managing director Mukesh Ambani as well as two other entities for alleged manipulative trading in the shares of erstwhile Reliance Petroleum Ltd (RPL) back in November 2007. Fines of Rs 25 crore and Rs 15 crore have been imposed on Reliance Industries Ltd (RIL) and Ambani, respectively. Besides, Navi Mumbai SEZ Pvt Ltd has been asked to pay a penalty of Rs 20 crore and Mumbai SEZ Ltd has been directed to pay Rs 10 crore. The case pertains to sale and purchase of RPL shares in the cash and the futures segments in November 2007.
Liberal Democrat Member of the European Parliament Chris Davies said the decision showed the Indian government was trying to hide the "reality of its actions" and blocking absolute freedom of the press.
The government is considering withdrawing legal cases against telecom companies, involving disputes of about Rs 40,000 crore, a source said on Tuesday. In line with this, the Department of Telecom has already filed an affidavit before the Supreme Court in a case against Anil Ambani-promoted Reliance Communications to take an informed decision whether to proceed with the present appeal or not, the source said. DoT has said the telecom sector is passing through a financial stress due to various circumstances and telecom services providers are making losses.
While the NEET is scheduled to be held on September 13, engineering entrance exam JEE Main has been planned from September 1-6. Around 9.53 lakh candidates have registered for JEE-Mains and 15.97 lakh students have registered for NEET.
On October 2, Samantha Ruth Prabhu announced her separation from husband Naga Chaitanya.
'A seniority-based system created a situation where officers in the higher rank would know, years in advance, who amongst them would be the chief at some future date and the rest would not have a shot at the highest post!' 'Out of this idiotic concoction was born the media created myth of 'line of succession', as if the Indian Army was some kind of monarchy.'
India has a difficult relationship with China but it is 'perfectly capable' of managing it, External Affairs Minister S Jaishankar said on Friday, rejecting the European construct that New Delhi's position on Ukraine could impact global support to it if its problems with Beijing increases.
'Whatever you work towards, be dedicated, do your best. Never go to bed thinking I could have put in more effort'
Piramal Enterprises (PEL) on Wednesday said it has completed the acquisition of Dewan Housing Finance (DHFL) by paying Rs 34,250 crore to creditors of the housing finance company. The company said the creditors of DHFL, including fixed deposit (FD) holders, would recover an aggregate amount of Rs 38,000 crore from the resolution process of DHFL. The amount comprises approximately Rs 34,250 crore to be paid by Piramal Capital and Housing Finance Ltd (PCHFL) as a combination of cash and NCDs, and an amount of approximately Rs 3,800 crore which is the entitlement of creditors as per the resolution plan from the cash balance available with DHFL, the company said.
The television premiere of the internationally acclaimed film "The Danish Girl" was put on hold on Sony Le Plex as the channel was unable to receive the necessary certification from the Central Board of Film Certification.
Pellissery's women continue to express the beauty in our common humanity. And often, these women go so far into expressing our hopes, desires, absurdities and follies that they end up acting at variance with the ethical prescriptions of our age. And this, I believe, is precisely why they remain "invisible" to a whole bunch of viewers, says Sreehari Nair.
Vodafone Idea on Wednesday said its board has approved availing the four-year spectrum payment moratorium being offered by the government as part of its relief package for the telecom sector. The other options offered in the Telecom Department's notification will be considered by the board of directors within the stipulated timeframe, it said in a regulatory filing. "...we wish to inform you that the Board of Directors of the company has approved the exercise of the option of deferment of the company's spectrum auction instalments for a period of 4 years (October 2021 to September 2025) in accordance with ...the notification dated 14 October 2021 issued by the Department of Telecommunications (DoT) to the company," it said.
The landmark 75th session of the UN General Assembly is expected to begin on September 15 and the first day of the high-level General Debate is likely to be on September 22, according to SDG Knowledge Hub website, an online resource center for news on the UN.
Relationship problems? Let Love Guru help.
Out of favour India all-rounder Hardik Pandya has decided to skip Vijay Hazare Trophy (National One Dayers) starting across the country from Wednesday as he is undergoing an extensive rehabilitation programme.
'Though I welcome the reduction of tax rates for corporates, I wonder why the benefits have been restricted to corporates and not to other business entities such as limited liability partnerships and partnership firms. This needs consideration', says Dinesh Kanabar.
Brokerage firm CLSA says in its interactions with government officials, measures such as the dollar-deposit scheme were under consideration.
BCCI president Sourav Ganguly has confirmed to its affiliated units that India will be hosting England for a full series in February next year after playing an away rubber in Australia, while the next edition of Indian Premier League will begin in April.
Block your Ex from social media. Disconnect completely and fully if you want to truly move on for a fresh start. Remember, healing cannot happen from the same place the hurt came from.
The Supreme Court on Wednesday said the provisions of the Special Protection Group Act and contents of the Blue Book are "comprehensive" in ensuring proximate security of the prime minister and other SPG protectees, and any lapse in following these can lead to "devastating and serious consequences".
Investments by private equity and venture capital funds doubled to a record high of $9.5 billion in July mainly driven by higher investor interest in the e-commerce sector, a report said on Monday. Private equity (PE) and venture capital (VC) investments stood at $4.1 billion in the year-ago period. The activity was higher by 77 per cent when compared to June's $5.4 billion, the report on monthly PE/VC investment activity by industry lobby IVCA and consultancy firm EY said.
Citing India's commitment to deep economic reforms and ease of doing business, Prime Minister Narendra Modi asserted on Monday that this is the best time to invest in the country as policy-making is focussed on the needs for the next 25 years for a 'clean and green' as well as 'sustainable and reliable' growth period. In his special address to the World Economic Forum's online Davos Agenda 2022 summit, Modi underlined a host of reform measures undertaken by his government to stress that it has worked to reduce the administration's interference in business by deregulating many sectors and to clear the way for free trade agreements with different countries. India was once associated with "license raaj", he noted and highlighted the measures, including reduction of corporate tax to boost business and doing away with over 25,000 compliance requirements.
December 2022 could be the last Christmas for Santha Bakery, a business drawing its lineage from the first Christmas cake baked in Kerala.
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