It pains former F1 driver Karun Chandhok to see that interest in motorsport in India has declined drastically.
Modi said the biggest challenge would be to ensure that the disease does not spread to villages across the country after relaxations provided by the government.
Chanda Kochhar, who was arrested for a cash-for-loan scam on Friday, was once a powerful banker and instrumental in making ICICI Bank the country's biggest private sector lender. Kochhar, a regular feature on Forbes top global honchos lists, was arrested by the Central Bureau of Investigation (CBI) along with her husband Deepak Kochhar in connection with alleged cheating and irregularities in loans sanctioned by ICICI Bank to Videocon Group companies. Kochhars were called to the agency headquarters and arrested after a brief questioning session. Her chapter at ICICI Bank ended abruptly in 2018 when the board of directors approved a request from Kochhar to seek early retirement following allegation of corruption and quid pro-quo while extending loans to the now bankrupt Videocon Industries.
'She's not going to keel over.' 'This is the kind of difficult situation that she thrives in.'
With the Union Budget over, it is a good time to start the rebalancing exercise. Take cues from last year's market performance
Shafali Verma credited skipper Meg Lanning for calming her down and help her top-score in Delhi Capitals opening win over Royal Challengers Bangalore in the WPL.
'When the adversary has tasted what you can do, he is going to be more experienced in countering how the Indians think.' 'He will go back, rework and come back.'
Ajit Mishra answers reader queries on the stock market.
India's hopes of winning a medal in badminton team events at the 18th Asian Games went up in smoke after the men's and women's sides bowed out of the competition following identical 1-3 defeats in the quarter-finals in Jakarta on Monday.
Most of the long-only funds are closed-ended. This means that investors have to lock in their money for a fixed period before they can take it back.
Private sector lender Axis Bank is close to acquiring Citigroup's retail banking business in India and a deal is likely to be announced soon, sources said on Wednesday. According to the sources, the deal, to be valued at $2.5 billion (about Rs 18,000 crore), will be subject to regulatory approvals. In April 2021, American banking major Citigroup announced its plan to exit from the consumer banking business in India as part of its global strategy. The business comprises credit cards, retail banking, home loans and wealth management.
'Praful Patel said his residential building was sealed, and the investigative agencies have shifted their office to his house, and that he was in a helpless condition.'
The team heard a loud crackle. Then the scream came from Dilshan at the front of the bus. 'Get down.' Jayawardene was hit first; his sock filled with blood. Outside, twelve gunmen blocked the exit. A revealing excerpt from Nicholas Brookes's An Island's Eleven: A History of Cricket in Sri Lanka.
Most large fund houses, such as HDFC MF, ICICI Prudential AMC, Reliance MF, Reliance MF, Birla SunLife MF and SBI MF, have the backing of large banks or financial institutions, giving them reach and understanding, they say.
Axis Bank on Wednesday said it has completed the acquisition of Citibank's retail business in India for a final cash consideration of Rs 11,603 crore. The sale excludes Citi's institutional client businesses in India. The third-largest private sector bank said the acquisition, announced first in March last year, will not necessitate any new capital requirements and stressed that the attrition numbers on customers are much better than expected.
As Rajasthan waits for December 8 when counting of votes will take place to decide the fate of its Chief Minister Ashok Gehlot and his bete noire Bharatiya Janata Party's Vasundhra Raje among others, PB Chandra tries to gauge the mood in both the parties, especially after the exit polls results were announced.
Tata Group-owned Air India, under its new chief executive officer and managing director Campbell Wilson, is optimising its domestic strategy under which the carrier is "densifying" its presence on metro-to-metro routes and exiting from unviable ones, Business Standard has learnt. Wilson took charge on July 25. Air India has increased its flights on metro-to-metro routes such as Delhi-Mumbai, Delhi-Bengaluru, Mumbai-Chennai, Mumbai-Bengaluru, and Hyderabad-Mumbai between June and November this year.
In line with its strategy to focus on core businesses and to rationalise existing brand portfolios, FMCG major Hindustan Lever Ltd has decided to exit from oils and fats business in India and Nepal.\n\n
Telecom operator Bharti Airtel on Tuesday reported a 91.5 per cent year-on-year rise in consolidated net profit at Rs 1,588 crore for the three months ended December 2022, helped by competitive growth across businesses. Total revenue rose nearly 20 per cent to Rs 35,804 crore in the third quarter of the current financial year "backed by strong and consistent performance delivery across the portfolio", the company said in a statement. Its consolidated net income (after exceptional items) stood at Rs 1,588 crore for the just ended quarter, translating into an increase of 91.5 per cent year-on-year.
While the purchases of celebrity investors become public knowledge, what is not known is the price point at which they bought them.
The UK's lockdown, which involves strict stay at home measures with movement allowed for limited urgent purposes only if "absolutely necessary" and for one form of daily exercise, came into force on March 23 after a televised address by Boris Johnson.
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According to sources, the company has identified smaller markets such as Peru, which do not contribute significantly to profits, where it might shut shop in the near term.
After locking horns on Bigg Boss 16 for over four months, Priyanka Chahar Choudhary, Archana Gautam, Shalin Bhanot, Shiv Thakare and MC Stan have made it to the grand finale.
"We are also a country that has a chance to become world champions because I hope we are the best team."
'Should we shortchange our investors by exiting early?'
Mutual funds, as experts and custodians of another set of retail investors' savings, play a speculative game they are neither supposed to nor equipped to do, cautions Debashis Basu.
Japanese auto major Nissan on Wednesday said it is discontinuing Datsun brand in India, nine years after the company kicked off the marque's global relaunch in the country. Having failed in its ambitious global relaunch of Datsun, Nissan had in 2020 discontinued the brand in Russia and Indonesia, the other two countries along with South Africa and India which were marked as key markets targeting the entry level car segment. Confirming the move to discontinue the Datsun brand, Nissan India in a statement said, "Production of Datsun redi-GO has ceased at the Chennai plant (Renault Nissan Automotive India Private Ltd). "Sales of the model still continue (till the stock lasts)."
'Why not simply make some more ventilators and find some more beds? How much would it cost?' asks Ambassador M K Bhadrakumar.
The Rs 1-trillion organised dairy market is dominated by co-operatives in almost every state.
The rising pitch of road shows and long rallies with hectoring pitches seem to have exhausted and numbed the audiences, rather than motivating them to vote for the party, observes Shreekant Sambrani.
An insider said that over the past decade or so Cipla has become immune to the exits of leaders. There have been no directional change in the long-term strategies.
While many exit polls have given either the Bharatiya Janata Party or Congress a majority in Uttarakhand, several of them have predicted a close fight between the two major players or a hung assembly -- a scenario in which the role of winning independents and candidates of regional outfits like the Aam Aadmi Party, the Samajwadi Party, the Bahujan Samaj Party and the Uttarakhand Kranti Dal will become significant in government formation.
A few days ago, Reliance Retail surprised the market by acquiring the Campa brand from Delhi-based Pure Drinks Ltd for Rs 22 crore. A successful cola brand in the eighties, especially in North India, Campa Cola thrived when Coke exited India in the late seventies. When the Atlanta-based major returned and PepsiCo set base in India, it went down fighting.
The bull run in the Indian equity markets is intact, said analysts at Morgan Stanley in a recent note. They expect the S&P BSE Sensex to hit 80,000 levels by December 2023 in their bull-case scenario, to which they have assigned a 30 per cent probability. From the current level, this translates into an upside of nearly 29 per cent.
The blast occurred in the mosque in the Police Lines area around 1.40 pm when a suicide bomber present in the front row during the Zuhr (afternoon) prayers blew himself up, security officials said.
During a sale, many store windows invite the shopper with impossible-to-miss visuals announcing '50% Discount'. Only upon entering does the shopper realises that the one rack which fulfils this promise sells items she'd never purchase.
The much-talked-about sale of Ambuja Cement and ACC by Holcim Group will see the single-biggest outflow of foreign capital from the country if the two cement firms are acquired by Indian investors. The deal, valued at nearly $10.35 billion, will put in the shade Cairn Energy Plc's exit from India in 2010, when it sold Cairn India to Vedanta Group for $4.48 billion. According to various reports, big business groups such as AV Birla, JSW Group, and Adani Group are in the fray to acquire Holcim's assets in India.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
How companies can get their sports marketing strategy right.
It was a high-stakes three-cornered fight between the BJP, Congress and Aam Aadmi Party.
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