ITC's move to demerge the hotel business into a new entity, ITC Hotels Ltd, is a step in the right direction and will allay investor's concerns on the company's capital allocation strategy in the medium-to-long term, said analysts at Morgan Stanley in a note. According to the company, the board of directors has approved in principle the demerger of the hotels business, wherein ITC will hold a 40 per cent stake in the new entity, and the remaining 60 per cent will be held directly by shareholders. The scheme of arrangement shall be placed for approval of the Board at its next meeting to be convened on 14th August 2023.
'Unless we see four weeks of low and stable numbers with only minor fluctuations, we cannot call the valley as endemic just as yet'
With economic problems and job cuts, Hangzhou locals and people in other parts of China are not very pleased about hosting the Asian Games.
Aishwarya Rai Bachchan was back on the Cannes red carpet. Not everyone was happy about it.
Actor Swara Bhasker on Thursday took part in the Bharat Jodo Yatra in Madhya Pradesh's Ujjain with Congress party leader Rahul Gandhi.
HAL helicopters will be equipped with an 'Obstacle Avoidance System' that warns pilots of any obstacles in their flight path.
'India has many attractive features for the long-term investor; it combines: A low per capita income, a young population, and a heavier presence of high margin, asset-light firms in the technology sector.'
The weirdest, wackiest but most wonderful getups that made the runway at New York Fashion Week.
'This is my 10th season of the IPL, so many memories and special moments. Through the ups and downs, the highs and lows and everything in between, I'm grateful for everything that was and hopeful for everything to come.'
According to Rajeev Jayadevan, co-chairman, national Indian Medical Association Covid Task Force, the current scenario qualifies as a wave.
As is becoming the norm, De Bruyne was withdrawn by manager Pep Guardiola, as ever, looking disgruntled at the decision, as Holden pulled one back for the visitors before Haaland ensured City finished on a high.
Images from the UEFA Champions League matches played on Tuesday night.
Miss World 2024 will be crowned in India soon. Long before Aishwarya Rai and Priyanka Chopra, Yukta Mukhey and Diana Hayden, a beautiful woman from Bombay was crowned Miss World. In 1966. Reita Faria was India's first Miss World. Vaihayasi Pande Daniel/ Rediff.com met the 80 year old in Dublin recently, still as elegant, still as attractive as she was all those years ago.
Argentina marked the revival of the Cup of Champions in style as an inspired Lionel Messi helped them outclass Italy 3-0 in a heavyweight clash billed as the 'Finalissima' at a raucous Wembley Stadium in London on Wednesday.
Kohrra is a terrific ensemble piece but the two fine leads keep show glued together, applauds Aseem Chhabra.
A private member resolution seeking that the government implement the recommendations of the Sachar Committee report and other reports that have discussed the educational and social backwardness of Muslims and enact a legislation for the prevention of atrocities against minorities was moved in the Rajya Sabha on Friday.
Even as our tier-2 and tier-3 cities become increasingly well-mapped, and well-documented through myriad tech-driven data, the Indian film-maker's dominantly urban gaze turns to regions not crowded by data, area codes, or directions, observes Debarghya Sanyal.
The Year of the Rabbit, according to the Chinese calendar, began on Sunday, January 22.
Images from the international friendly and Euro qualifying football matches played on Tuesday.
A delegation from Israel's foreign ministry will be allowed to provide consular assistance from Doha for its citizens coming for the World Cup matches.
Images from Saturday's action in the Premier League.
Images from the English Premier League matches played on Sunday
Sterling was last at $1.4450, having carved out a massive range of $1.4000 to $1.5022.
Leicester City's veteran striker Jamie Vardy came off the bench to break his long scoring drought and earn his side a 1-1 draw with a late equaliser
One of cricket's greatest players passed into the ages on Monday. Rediff.com salutes the legend.
Does the remarkable slide in Obama's approval rating reflect an objective assessment of his performance as president?
"The intelligence community and the rest of the government are still looking at this. There's not been a definitive conclusion, so it's difficult for me to say, nor should I feel like I should have to defend press reporting about a possible preliminary indication here," National Security Council Coordinator for Strategic Communications John Kirby told reporters at a daily White House news conference.
Seeking to seize "transformative moment" in ties with India, US Secretary of State John Kerry will arrive in New Delhi on Wednesday for talks on key issues with the new Indian leadership.
Manchester United's injury crisis deepened on Monday as they prepared for a Champions League match against Germany's Vfl Wolfsburg with only one first-team defender in their 19-man squad.
There are a lot many gems he produced long before Naatu Naatu became a worldwide Oscar-nominated (and winning in all likelihood) sensation.
Diogo Jota and Mohamed Salah were on target as Liverpool edged Premier League strugglers Nottingham Forest 3-2.
'The pride of the devoted Seinfeld fan is that he happens to love a show that doesn't take his love for granted, so that even on repeat viewings he is never really sure what directions an episode might take,' observes Sreehari Nair.
The former US president urges fellow Americans to get vaccinated.
Australia set up a showdown with Belgium in the men's hockey final at the Tokyo Olympics after handing 2016 Olympic bronze medallists Germany a 3-1 defeat on Tuesday.
IMAGES from the EPL matches played on Saturday
Seven of Bollywood's big stars (Akshay Kumar, Ranveer Singh, Ajay Devgn, Varun Dhawan, Saif Ali Khan, John Abraham and Shahid Kapoor), who had 10 movies released with a collective budget of Rs 1,100 crore since December, could rustle up only around a third of that money at the box office.
A naturally reclusive nature and a conviction for the work to do the talking meant there was very little known about Mistry even during his time at the helm of Tata Sons. He did not do a single media interview from Bombay House.
When the Tatas re-boarded Air India on January 27 last year, the price of aviation turbine fuel was at over Rs 80,000 per kilolitre. Rupee was trading at around Rs 74 to a US dollar. The Omicron variant of Covid-19 was in prevalence - barely a week earlier, India had reported over 340,000 cases on a single day. Seven-day home quarantine of international travellers was the norm.
