South Korean auto giant Hyundai Motor Company is considering tax implications of listing its Indian unit before taking a final call, according to sources privy to the development. Hyundai Motor is mulling an initial public offering (IPO) for its Indian arm to raise around $3 billion (at a valuation of up to $30 billion), and talks are in the early stages between the company and bankers, banking sources revealed. Hyundai Motor India Ltd (HMIL), however, declined to comment on the development.
Addressing a press conference, Singh said, "There is an attempt to break the morale of CM Kejriwal.
Stocks of defence-related companies have been firing on all cylinders on the bourses in calendar year 2023 (CY23). Shares of Hindustan Aeronautics (HAL), Bharat Electronics (BEL), Bharat Dynamics (BDL), Data Patterns, MTAR Tech, Cochin Shipyard and GRSE have rallied in the range of 21-96 per cent so far this year. By comparison, the BSE Sensex is up 8 per cent. The gains have been sustained on the back of robust export opportunities, a healthy project pipeline and the government's continued push for local manufacturing and indigenisation of defence equipment.
India is downgrading its diplomatic ties with Italy and has asked its Ambassador-designate to that country Basant Kumar Gupta, who was scheduled to leave for Rome today, not to proceed to take up his posting.
Former Congress president Sonia Gandhi, BJP chief J P Nadda and new party entrant Ashok Chavan and Union ministers Ashwini Vaishnaw and L Murugan were among the 41 candidates elected unopposed to Rajya Sabha on Tuesday while Himachal Pradesh, Karnataka and Uttar Pradesh will witness polling on February 27.
Has Boney Kapoor given his blessings to the couple?
After Ramesh Taurani threw a lavish Diwali party for his friends in the fraternity, he followed it up with a bigger blast.
Amazon Prime Video has announced 69 assorted Web series and movies, and the slate sure looks interesting.
The Ghanchakkar actress makes an appearance on the sets of India's Dancing Superstars.
Irrespective of whether she shares the screen with Akshay, we couldn't help but wonder.
The actress has a bizarre sense of fashion in her new film.
The officials of the Delhi Fire Services said the blaze broke out at the children's hospital in Shahdara on Saturday night.
Ekka, who is embroiled in the controversy for allegedly signing official documents at a private place, was removed from the post following Bharatiya Janata Party's allegation of his conniving with middlemen.
A division bench of Justice Ramesh Sinha and Justice Renu Agarwal had on November 9 completed the hearing and reserved the verdict.
Basant Soren, Jharkhand Mukti Morcha (JMM) supremo Shibu Soren's youngest son, on Friday took oath as minister in the Champai Soren-led government in Jharkhand, along with seven others.
The Reserve Bank has rejected applications of Flipkart co-founder Sachin Bansal-backed company Chaitanya India Fin Credit Private Limited, and five others for setting up banks as these were "not found" suitable, an official statement said on Tuesday. The RBI in a statement said the examination of six applications has now been completed as per the procedure laid down under the guidelines. "Based on the assessment of the applications, (six) applicants were not found suitable for granting of in-principle approval to set up banks," it said.
'Don't be surprised if the Census forms come with a caste box.' 'I will be surprised if it doesn't. It will be a point conceded to Rahul Gandhi and his allies,' asserts Shekhar Gupta. The BJP machine could take all 3 in its stride, but this election has changed that, notes Shekhar Gupta.
One of the challenges for those car graves is that Indian owners often find markets for their old cars rather than send them to scrapyards.
Vidya Balan's shrill Punjabi housewife in Ghanchakkar is a rejoinder of other eccentric dressers we've seen in Hindi films in the past.
The Bal Puraskar was conferred by Prime Minister Narendra Modi, who gave digital certificates to the awardees using blockchain technology developed by IIT Kanpur.
A rare glimpse of Samant Kumar Goel, who heads the Research and Analysis Wing, India's external intelligence agency as he attends a meeting at the home ministry at North Block in New Delhi on Tuesday, December 6, 2022.
Tata Motors on Monday said its subsidiary and Ford India have inked a pact with the Gujarat government to acquire FIPL's Sanand vehicle manufacturing plant. Tata Passenger Electric Mobility Ltd (TPEML) -- a subsidiary of Tata Motors -- and Ford India Pvt Ltd (FIPL) have today signed a memorandum of understanding (MOU) with the Gujarat government for the potential acquisition of FIPL's Sanand vehicle manufacturing facility, including land, buildings, vehicle manufacturing plant, machinery and equipment, Tata Motors said in a regulatory filing. The MoU also includes the transfer of all eligible employees of FIPL Sanand's vehicle manufacturing operations, subject to the signing of definitive agreements and receipt of relevant approvals, it added.
A 12-year-old girl was raped, bitten multiple times and brutalised allegedly by two men working for the trust managing a famous temple in Maihar town of Satna district in Madhya Pradesh, police said on Friday.
Occasional lovers' tiffs have marked the history of RSS-BJP relations. To think that Nagpur will bring about any change in leadership is a misreading of both its intent and its power, points out Shekhar Gupta.
Shravan Kumar Gupta, managing director of Haridwar-based Asian Ferro Alloys Limited, was arrested on Wednesday.
The accident took place at the Tungi-Morh in the Chowki Chora belt of the district, the officials said, adding that the bus rolled around 150 feet down into the gorge.
Four persons, including two sleuths of the Central Bureau of Investigation, have been acquitted in a bribery case by a Delhi court which said the probe by the agency into the matter was done in a "mindless, disoriented and half-hearted" manner.
Global capability centres (GCCs) are increasingly looking to tap into revenue opportunities from the Indian market, which is already a critical talent hub. While capturing the potential of the Indian market has been in the works over the past few years, it's only of late that companies are gaining momentum. India is home to more than 1,580 GCCs, with a total market size of $46 billion and growing at a compound annual growth rate (CAGR) of 11.4 per cent, according to a Nasscom-Zinnov report.
'It is necessary to have a person at the top who can make strict decisions without hesitation. Modiji has done that.'
Direct tax collection, net of refunds, moderately exceeded the revised estimates (RE) for the financial year 2023-24 (FY24) on the back of personal income tax revenues, but corporation tax receipts fell short of the RE. Net direct tax collection stood at Rs 19.58 trillion in FY24, surpassing the RE of Rs 19.45 trillion by Rs 13,000 crore, or 0.7 per cent. The government had revised up FY24 projections for personal income tax by 13.5 per cent over the Budget estimates (BE) of Rs 9 trillion, at Rs 10.22 trillion.
Naidu informed the House that he had received letters from Singh and 13 other MPs seeking leave of absence on medical grounds.
The Pinkvilla Screen and Style Icons Awards were held in Mumbai, and Bollywood suitably glammed up for the night.
A 17-year-old girl died right outside a hospital in Uttar Pradesh's Mainpuri, allegedly after the staff removed her from there after treating her for two days.
The stars of Raj Kumar Gupta's latest film were a real treat to watch.
In a blow to Delhi Chief Minister Arvind Kejriwal, the Delhi high court on Tuesday stayed the trial court order granting him bail in the money laundering case arising from the alleged excise scam, holding that the lower court did not "appropriately appreciate" the material placed before it by the Enforcement Directorate.
The collegium, also comprising Justices Sanjay Kishan Kaul and Sanjiv Khanna, met on Thursday and its decision was uploaded on the apex court website.
It's party time for the team.
The slogan-shouting AAP members stormed into the Well of the House just as the Rajya Sabha took up a discussion on a motion thanking the President for his address to the joint sitting of Parliament.
Kumar, a 1976-batch officer, who was serving as Tihar Jail Director General, succeeded B K Gupta, who retired from service after holding the post of Commissioner for the past 20 months since November, 2010.
In a setback to Congress leader Sajjan Kumar, the Supreme Court on Tuesday dismissed his plea for quashing of charges against him in a 1984 anti-Sikh riots case.
