Engineering giant Larsen & Toubro (L&T) is looking to divest its exposure to road and power concessions and incubate digital and e-commerce businesses as part of its new five-year plan ending 2025-26 (FY26). The base year for the plan is 2020-21 (FY21). The blueprint, called Lakshya 2026, is intended to help the company exit sub-scale businesses, concentrate on high-technology (tech) manufacturing, construction and green energy projects, and increase its share from information technology (IT) and digital services. The lending operations of the financial services business, meanwhile, will be reorganised, with focus on retail lending.
Britain has finalised 1 billion pounds worth of new trade and investment with India, creating over 6,500 jobs in the UK, to be signed off at a virtual summit between Prime Minister Boris Johnson and his Indian counterpart Narendra Modi on Tuesday. The investments confirmed by Downing Street on Monday evening form part of an Enhanced Trade Partnership (ETP), which will set the ambition to double the value of UK-India trade by 2030 and declare a shared intent to begin work towards a comprehensive Free Trade Agreement (FTA). "Like every aspect of the UK-India relationship, the economic links between our countries make our people stronger and safer," Johnson said.
India failed to bowl out New Zealand on a deteriorating track on the fifth and final day of the first Test but skipper Ajinkya Rahane praised his players saying they tried their best and couldn't have done 'anything different'.
Images from the T20 World Cup Super 12s match between New Zealand and Namibia, in Sharjah, in Friday.
Indian companies are planning to increase investments in the new year to expand capacity, acquire companies, and go on a hiring spree, a survey of top executives showed. They, however, cited rising costs, weak consumer demand, and increasing interest rates as major concerns for 2023 which may impact their plans.
Ashes is steeped in tradition but India versus Australia Test matches are bound by emotion.
Karunaratne fell for 86 in the final session but Mendis was batting on 84 at stumps
IMAGES from Day 3 of the 3rd Ashes Test played between Australia and England at the MCG on Tuesday.
In a statement, Modi said he will be visiting Berlin on May 2 at the invitation of German Chancellor Olaf Scholz, following which he will travel to Copenhagen on May 3-4 at the invitation of his Danish counterpart Mette Frederiksen to hold bilateral engagements and also participate in the Second India-Nordic Summit.
A burgeoning third wicket stand between Babar Azam and Abdullah Shafique had kept Pakistan in the contest and the duo continued to frustrate Australia when play resumed.
Called the US Citizenship Act of 2021, the legislation modernises the immigration system, and also proposes to eliminate the per country cap for employment-based green cards, a move that would benefit thousands of Indian IT professionals whose current wait period for legal permanent residency runs into several decades.
India's inspirational captain Harmanpreet Kaur claimed the ICC Women's Player of the Month award for September 2022.
Imam-ul-Haq hit a memorable first Test century on Friday and led Pakistan to a commanding 245-1 in its first home Test against Aus in 24 years
Gerhard Erasmus led from the front with a well-crafted unbeaten fifty to guide debutants Namibia to a historic eight-wicket win over Ireland in the first round Group B match and qualification spot in Super 12s of the ICC T20 World Cup in Sharjah on Friday.
Images from Day 2 of the fourth Test between Australia and India, at the Gabba, on Saturday.
Reliance Industries on Friday reported a 41.5 per cent jump in its third quarter net profit as oil, retail and telecom businesses fired on all cylinders. Net profit of Rs 18,549 crore in October-December compared with Rs 13,101 crore a year back, the company said in a stock exchange filing. Income from operations rose to Rs 1.91 lakh crore from Rs 1.28 lakh crore.
Suzie Bates blasted 79 not out on her home ground of Dunedin as New Zealand earned a nine-wicket victory over Bangladesh in the ICC Women's Cricket World Cup 2022.
'We would like to develop Andhra Pradesh into a logistics hub not only for India, but also for South Asia.'
Billionaire Mukesh Ambani's Reliance Industries Ltd on Friday reported a 46 per cent jump in net profit for the three months ended June on the back of bumper earnings from oil and telecom businesses. The oil-to-retail-to-telecom conglomerate's consolidated net profit rose to Rs 17,955 crore during April-June period -- the first quarter of 2022-23 fiscal year -- from Rs 12,273 crore in the year-ago period, it said a stock exchange filing.
India captain Virat Kohli on Wednesday said the consolation win over Australia in the third and final ODI is a timely 'boost' for the remainder of the tour, made possible by the freshness that came with a changed squad.
Australia skipper Aaron Finch on Monday said it will take a very brave man to write Virat Kohli off and what the former India captain has achieved in the last 15 years is just 'ridiculous'.
Raelee Thompson too honoured
"Few nations are more vital to the future of American security and prosperity than India," Garcetti told the committee.
Smriti Mandhana, Sneh Rana and Pooja Vastrakar scored half-centuries to help India post 244 for 7 in their ICC women's World Cup opener against Pakistan, in Mount Maunganui, New Zealand, on Sunday.
The two leaders discussed the Ukraine crisis and several regional and global issues including increasing trade relations and cooperation in the field of mitigating the impact of climate change during their bilateral talks at the Danish Prime Minister's official residence in Mareinborg near Copenhagen.
India's total purchase of oil from Russia in a month is probably less than what Europe does in an afternoon, External Affairs Minister S Jaishankar said.
Pakistan left-arm quick Shaheen Afridi claimed 4-53 as the hosts bowled out Bangladesh for 233 in their first innings on Day 1 of the opening Test in Rawalpindi on Friday.
The southpaw became the first to score a hundred in a session at the Gabba, propelling Australia to a 196-run lead over England.
A heavy downpour frustrated Australia on day two of the fourth and final Test in Brisbane on Saturday, with play abandoned after tea and India spared from resuming on 62 for two in reply to the home side's first innings 369.
Dhoni and Raina accumulated runs in singles and twos early in the partnership, then accelerated the scoring after the 10th over.
Wriddhiman Saha, on nine, and Ravichandran Ashwin, who is 15 not out, will return on Friday hoping to continue India's march towards the 300-mark.
During his three-day UK visit until Tuesday, Modi is listed to address the COP26 summit with a national statement about India's climate action plan in the afternoon session on Monday, ahead of Australian Prime Minister Scott Morrison and Pakistan Prime Minister Imran Khan.
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.
Skipper Ajinkya Rahane reveals India's game plan going into the final day of the third Test against Australia.
New Zealand needed just an extended session to complete an innings and 276-run victory over South Africa in the first Test, at Hagley Oval in Christchurch on Saturday, to register their first Test victory over the Proteas in 18 years.
Images from Day 2 in the fifth Test between Australia and England, in Hobart, on Saturday.
Matthew Wade said he would be happy to remain at the top of Australia's order for the rest of the series
Images from Day 4 of the third Test between Australia and India, at the SCG, on Sunday.
Reconstruction efforts after the Russia-Ukraine war will be dominated by the heft of the membership of major nations across international organisations. India is hamstrung because it does not play host to any major global institution nor does it hold positions of significant influence in the ones in which it has membership. As a result, the world's sixth largest economy is obliged to follow the rules set by most of them.
Billionaire Mukesh Ambani's Reliance Industries on Friday reported a 43 per cent jump in its September quarter net profit as its businesses from oil to retail fired on all cylinders, growing both sequentially and on a year-on-year basis. Net profit of Rs 13,680 crore, or Rs 20.88 per share, in July-September compared with Rs 9,567 crore, or Rs 14.84 a share, in the same period a year back, the company said in a statement. While better realisation and a sharp rise in crude oil prices benefited the old-economy business, retail saw footfalls at stores reach pre-Covid levels and per user earning from telecom business rose.
