JSW Steel, owned by Sajjan Jindal, has emerged as the world's most valuable steelmaker, boasting a market capitalisation (mcap) of nearly $30.31 billion, according to Bloomberg data.
RPSG Group Chairman Sanjiv Goenka enjoyed himself as his newly acquired Lucknow team won by six runs to inch closer to the play-offs while JSW Group's MD and Chairman Sajjan Jindal saw his Delhi team slip to their fifth loss from nine games.
In the 82 matches he has donned the red and blue of the Capitals, Patel scored 967 runs and picked up 62 wickets, at an impressive economy of 7.09.
Singh, who opened up the economy as finance minister and served as prime minister for two consecutive terms, died on Thursday at the age of 92. "History will forever honour his pivotal role in the transformative 1991 reforms that reshaped India and opened its doors to the world.
In a restructuring mould, O P Jindal group company, Jindal Strips Ltd is planning to hive off its subsidiaries Jindal Holdings, Jindal steel and Alloy and Jindal Stainless (Mauritius) as separate companies.
Oil-to-telecom conglomerate Reliance Industries Ltd head Mukesh Ambani continues to be the richest Indian and has now broken into the world's top 10 wealthiest persons in the latest Forbes 2024 Billionaire List. Ambani, 66, is ranked 9th on the list with a wealth of $116 billion, up from $83.4 billion in the 2023 ranking, according to Forbes. Gautam Adani is the second richest Indian and is ranked at No.17 on the global list.
Some of India's largest conglomerates are gearing up to either commission or commercially start the first phase of their new energy projects this year, according to company executives and analysts.
Ask rediffGURU and PF expert Milind Vadjikar your insurance, stocks, mutual fund and personal finance-related questions.
Six Indian American leaders were sworn in as members of the US House of Representatives, marking the largest number of Indian American representatives in the US Congress. The group includes Congressman Dr Ami Bera, who has served seven consecutive terms, and newcomers Suhash Subramanian and Shri Thanedar. The six lawmakers, all Democrats, represent a significant milestone for the Indian American community in the US.
Jindal Strips is believed to have struck a deal with the overseas private investors for picking up about 10% equity by acquiring its $15 million foreign currency convertible bonds listed at the Luxembourg Stock Exchange.
Ambani and Adani account for a fifth of the net worth of all billionaire promoters in the country and half the combined net worth of the top 10.
The Jindal group has not given any commitment to the West Bengal government on giving equity or employment to people who provide land for a 10-million tonne steel plant it is setting up at Salboni
Ganguly joined Delhi Capitals in 2019 as an advisor, where he worked alongside coach Ricky Ponting, and later returned to the franchise as Director of Cricket after his stint as BCCI president.
Zee News on Tuesday demanded the immediate release of its two senior journalists arrested in an extortion case filed by Congress MP Naveen Jindal, alleging that the police action was "illegal" and "designed for something else".
While the West Bengal government is still grappling with the political opposition even after announcing a rehabilitation package to the land losers of Tata Motors' project in Singur
The court said accused cannot leave India without getting its permission.
But analysts advise against dumping, say these could recover if market conditions improve.
Enquiries indicate it belongs to an industrialist with links to a prominent cricketer.
The TMC-led West Bengal government has already started laying the groundwork for the election, setting the tone with the recent Bengal Global Business Summit and the state Budget.
'He is the key to unravel the 26/11 conspiracy.'
India is trying hard to erase Indonesia's wariness about New Delhi, building security cooperation in the Indian Ocean and Pacific Ocean. If Indonesia decides to buy the Brahmos missile, it would further strengthen relations between the world's most populous nation and the most populous Islamic country.
At the brand new Trishul Shooting Range in Dehradun, Haryana's Asian Games bronze medallist shooter Ramita Jindal turned in a world class performance to top the qualification round in the women's 10m air rifle event.
A communication to Sharma from the party's disciplinary committee said she has expressed views contrary to the party's position on various matters, which is in clear violation of its constitution.
Mukesh Ambani has reclaimed the top position on the 2023 Forbes list of India's 100 Richest with a net worth of $92 billion. The fortune of infrastructure magnate Gautam Adani, who rose meteorically to overtake Ambani as India's richest person for the first time last year, has slipped to the second position. Adani's net worth, which includes that of his family, fell by a whopping $82 billion to $68 billion, after a report by US short-seller Hindenburg Research in January sent his group's shares tumbling.
Stepping up the competition in the electric vehicle (EV) market, JSW MG Motor on Wednesday launched its electric crossover sport utility vehicle (SUV) Windsor with a new and 'aggressive' pricing model, an assured buyback plan, a lifetime battery warranty, and free public charging for one year. Under this new battery-as-a-service (BaaS) pricing model, customers can purchase the Windsor at a starting price of Rs 9.99 lakh (ex-showroom) and then pay a battery usage fee of Rs 3.5 per kilometre (km).
The first luxury car will be launched in the first quarter of 2025 and the company is planning to open 12 'MG Select' showrooms in the next six months.
After subdued earnings in the first half amid global headwinds, India Inc is taking a cautious approach on their capital expenditure (capex) for the second half of the financial year ending March 2025, according to management commentary. Minutes from the October monetary policy meeting show the Reserve Bank of India's (RBI's) optimism about private investments picking up.
Steel maker JSW Steel's Q3 results, announced on January 24, 2025, after market hours, failed to meet Street expectations. The company reported a consolidated net profit attributable to the owners of Rs 717 crore in Q3FY25, reflecting a 70.3 per cent decline Y-o-Y, compared to Rs 2,415 crore in Q3FY24.
Mining baron Anil Agarwal-led Vedanta Group has bid for the most number of 14 coal mines out of 23 on offer in the first round of auction which also have aggressive bids by Aditya Birla Group, Adani and Naveen Jindal group, but was shunned by foreign players.
The promoter entities of JSW Group are in talks with several electric-car manufacturers in China to launch an electric car for the Indian market at Rs 15-20 lakh, a source close to the development said.
Stocks of Indian steel companies are reeling from pricing pressure that is partly blamed on cheap imports. The stocks have declined up to 9 per cent on the NSE in one month, likely allowing investors an opportunity to use the correction to enter the pack as pricing pressure eases. "In steel or any other commodity, if prices or spreads are nearing their bottom, it can be an opportune time to invest in those stocks.
These are the top buyers of the scrapped electoral bonds, the data for which was released by the Election Commission on Thursday.
A look at India's schedule at the Paris Olympics on Monday, July 29, 2024:
A look at India's schedule at the Paris Olympics on Saturday, July 27, 2024:
'Two would be premium products and three would be mainstream products.'
As many as 49 players including Reliance Retail, Jindal Power Ltd and Adani group have submitted Expression of Interest (EoI) for acquiring the assets of debt-ridden Future Retail, which is currently going through insolvency resolution process. Reliance Retail Ventures Ltd, which is the holding company for retail operations of RIL and April Moon Retail Private Ltd, a joint venture between Adani Airport holdings and Flemingo group have again submitted their EOI, after the lenders of Future Retail decided to invite fresh bids after dividing FRL's assets into clusters. According to an update from FRL's Resolution Professional, the 49 players would be permitted to submit "resolution plan(s) for any/all such Clusters under Option II".
Chief executive officers (CEOs) across sectors have expressed intentions to expand capacities, expecting the government's target to invest a record Rs 11.11 trillion on infrastructure development will act as a catalyst for a jump in consumer demand. "With the government planning a capex of Rs 11.11 trillion, private sector investment will come in a big way. Companies will be preparing for it right from today," H M Bangur, chairman of Shree Cement, told Business Standard. For the past few years, the investment scene in India has been dominated by government capital expenditures; private investments in the manufacturing sector have remained muted.
A look at India's schedule at the Paris Olympics on Sunday, July 28, 2024:
The government has so far closed bids for 13 blocks.
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