Ending its uncomfortable journey in India after eight years, Malaysia-based AirAsia Group on Wednesday said it has exited AirAsia India by selling its remaining 16.67 per cent stake to Tata Group-owned Air India for Rs 155.64 crore. Later in the day, Air India said it has begun the process of creating a single low-cost carrier subsidiary by merging AirAsia India and Air India Express. A working group consisting AirAsia India CEO Sunil Bhaskaran and Air India Express CEO Aloke Singh has been formed for the two carriers' integration, which is expected to take approximately 12 months, it added.
US bank Citigroup on Wednesday announced the sale of its Indian consumer banking businesses, including credit cards, retail banking, wealth management and consumer loans, to private lender Axis Bank for Rs 12,325 crore, as part of its plans to exit retail operations in 13 markets.
The move assumes significance as a series of reports recently citing internal documents showed "a struggle with misinformation, hate speech and celebrations of violence" in India - Facebook's biggest market with over 40 crore users.
At least 15,000 pilgrims, who were stranded near the Amarnath holy cave in Jammu and Kashmir due to a flash flood triggered by a cloudburst, have been shifted to the lower base camp of Panjtarni, an Indo-Tibetan Border Police (ITBP) spokesperson said on Saturday.
Billionaire Mukesh Ambani's Reliance Industries Ltd on Friday announced the buyout of British battery maker Faradion Ltd for an enterprise value of 100 million, as the oil-to-retail conglomerate continued with the acquisition of end-to-end technology for its multi-billion-dollar clean energy portfolio. Reliance New Energy Solar Ltd (RNESL), a unit of the nation's most valuable company, signed definitive agreements to acquire 100 per cent shareholding in Faradion for an enterprise value of 100 million and will invest an additional 25 million as growth capital to accelerate the commercial roll-out, the company said in a statement. Based out of Sheffield and Oxford in the UK and with its patented sodium-ion battery technology, Faradion is one of the leading global battery technology companies.
The Modi government finds itself in a contradiction of its own making. It has encouraged pro-Russian, Westophobic public sentiment while setting strategic policy that's exactly the opposite, points out Shekhar Gupta.
The Centre has imposed a ban on the Popular Front of India (PFI) and several of its associates for their alleged terror activities.
Eoin Morgan is the all-time leading run-scorer and most-capped player for England in both ODI and T20I matches.
Zerodha and True Beacon co-founder Nikhil Kamath, along with Abhijeet Pai, has invested in Omnipresent Robot Tech through their investment arm Gruhas Proptech. This round also saw co-investments from Kavin Shah, and other individual high networth individual (HNIs), according to a statement released on Thursday. However, the amount invested by Kamath and Pai has not been disclosed.
'In making such a statement, he has questioned the leadership of Ganguly who is very particular about the rules being followed where fitness of players and selection of players is concerned. It is a serious allegation to make because in doing so he is trying to cast aspersions on the integrity of Shubman and the leadership of Ganguly.'
The CBI action comes after the second in command in the CBI, wrote to Cabinet Secretary alleging that the businessman had paid CBI Director Alok Verma Rs 2 crore to get relief in the case.
Badale said his franchise approached the auction with a certain aim and largely got what they wanted.
Sharma was the president of the conference, the first since the Paris Agreement of COP21 that expected parties to make enhanced commitments towards mitigating climate change.
Every engineer must possess effective communication skills along with technical knowledge.
'Enterprises have become more demanding in terms of their productivity expectation from their employees.'
Mahendra Singh Dhoni handed over the Chennai Super Kings' captaincy to Ravindra Jadeja ahead of IPL 2022.
The attack would be preceded by a fabricated pretext that the Russians use as an excuse to launch an invasion.
Summary of sports events and persons who made news on Wednesday
The power of the series is that it is rooted in reality, feels Deepa Gahlot.
The 'Agni P' is a two-stage canisterised solid propellant ballistic missile with dual redundant navigation and guidance system.
The 6-metre tall launch vehicle Vikram-S is named after Vikram Sarabhai, the father of the country's space programme and lifted off at 11.30 am.
A contingent of over two dozen women, including border guarding 'mahila' troops of BSF, have embarked on a maiden 2,300 km camel safari along India's international border with Pakistan.
Will open radio access network technology (O-RAN) disrupt the way 5G networks roll out in the country? After all, it promises to offer a substantially lower capital cost, enables the choice of an array of vendors, and provides more network flexibility - all very important for telcos who expect to invest over Rs 60,000 crore to roll out a pan-India 5G network and that's without spectrum costs. But more importantly, it counters the stranglehold of global telecom gear makers such as Ericsson, Nokia, and Samsung over telcos to whom they sell propriety technology and bundled hardware and software.
Kuttey's muddled momentum cannot cover up the trail of loopholes it leaves behind, observes Sukanya Verma.
'There is a plan to add a '19 plus' level where all these boys could be integrated'
Billionaire Mukesh Ambani on Monday laid bare the succession plan at India's most valuable company, identifying twins children Akash and Isha for telecom and retail leadership, and youngest son Anant for new energy unit. He, however, insisted he isn't retiring yet and will "continue to provide hands-on leadership as before". At the annual shareholders' meeting of Reliance Industries Ltd, he said the robust architecture that he has announced will ensure the firm remains "a unit, well-integrated and secure institution even as it develops existing businesses and adds new growth engines."
In the absence of star opener Quinton de Kock, the tourists struggled at the top.
The three-member Collegium, headed by Chief Justice of India D Y Chandrachud and also comprising Justices S K Kaul and K M Joseph, said the proposal for appointment of Kirpal as a judge of the high court has been pending for over five years and needs to be processed expeditiously.
United Spirits had earlier forked out a loan of as much as Rs 1,350 crore to UB Holdings.
Python-5 missile live firing was conducted to validate target engagement from all aspects as well as beyond visual ranges. In all the live firings, missile hit the aerial target.
'I wasn't getting the roles I wanted to play and the respect I thought I deserved as a senior actor, so I cut myself off from the industry for a while and moved to the US.'
Renault announced the Formula One comeback of Danish driver Kevin Magnussen at the launch on Wednesday of a new-look team that will put the French carmaker back on the starting grid as a constructor.
Abdul Aala Fazili was arrested from his Humhama residence as the SIA conducted searches at several locations in the city as part of its crackdown on terror and anti-national networks, the official said.
The anti-terror agency, while referring to the evidence on record, claimed Navlakha was working in urban areas and assigned the job to unite intellectuals against government forces to defeat them.
At the 45th Annual General Meeting of Reliance Industries (RIL) in August, chairman and managing director (CMD) Mukesh Ambani described the company as an "unputdownable book" with never-ending chapters of success. "Reliance grew from strength to strength because we internalised the founder's mindset of purpose, philosophy and passion," he said. Wednesday marked the 90th birth anniversary of RIL founder Dhirubhai Ambani.
'The joint family, which was an integral part of our Indian culture, is slowly disintegrating as we follow the West, but I'm all for it.'
When Open Network for Digital Commerce (ONDC) was conceived last December, the idea was to reduce the dominance of e-commerce giants like Amazon and Flipkart. It was also to bring in a level-playing field for small merchants in India's fragmented but fast-growing $1-trillion retail market. However, those goals have changed now as large e-commerce players such as Flipkart, Amazon and Ecom Express are in various levels of talks with the ONDC team. They want to form partnerships like integrating with the network as well as providing their expertise to build it, according to the industry sources.
Mumbai Indians star all-rounders Krunal Pandya and Hardik Pandya have joined the team's camp in Abu Dhabi ahead of the resumption of the 14th edition of the Indian Premier League (IPL).
'This indicated Warner -- who had been advised by CA against a public outburst -- didn't trust the authorities to be mindful of his interests. It was a wise decision by Warner as CA is renowned for only protecting their own interests, not those of players.'
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