The 33-year-old former India captain, who was last seen in action in England in June-July, is back after a one-month break that saw him skip two white-ball series in the West Indies and Zimbabwe.
Blackstone on Monday said funds managed by the private equity firm will acquire a majority stake in IT firm Mphasis Ltd, triggering an open offer for acquisition of up to 26 per cent stake for about Rs 8,262 crore. A wholly-owned subsidiary of the Abu Dhabi Investment Authority (ADIA), UC Investments (Office of the Chief Investment Officer of The Regents, University of California) and others will co-invest along with Blackstone, a statement said. Based on the open offer subscription, the blended purchase price will vary between Rs 1,452 to Rs 1,497 per share (12-16 per cent premium to 12-month average price and 3-6 per cent discount to 6-month average price) and the purchase consideration will vary between Rs 15,200 crore to Rs 21,000 crore (approximately$2-2.8 billion), the statement said.
Discussions are said to have been heating up over how long a tax indemnity clause, which is part of such deals, should run, according to multiple people familiar with the matter.
Dhoni fetches 'Spirit of Cricket' honour.
'Today, there is no easy money to be made after the run-up in equities.'
Weather watchers said it can't be known till May whether El Nio will impact the monsoon or not.
The faster-than-expected rise in interest rates by the US Federal Reserve (US Fed) shook global financial markets in early 2022. And now the ongoing war between Russia and Ukraine has lifted commodity prices, with Brent crude oil hitting a 14-year high of $139 a barrel in intraday trade. All these developments have sent the equity markets across the world into a tailspin.
The chronic dry eye is a common disease in which natural tears fail to adequately lubricate the eyes, thus drastically affecting its functioning.
The government has given an option to telcos to pay back interest on dues through equity and also conveyed that it has no interest in acquiring any telecom company, a top official of debt-ridden Vodafone Idea has said. Vodafone Idea Ltd (VIL) managing director and CEO Ravinder Takkar in an interview to PTI said it is clear that the government wants the company to compete in the market and there should be at least three private service providers in the telecom sector. "I have had many many interactions across various parts of the government leading up to this announcement (telecom reforms).
While large-cap funds, in three months, yielded gains of 26.3%, small-cap funds are up 37.9%, and mid-cap funds fetched returns of 29.9%.
Titan, NCC, Delta Corp, Karur Vysya Bank, Aptech, and Jubilant Life Sciences are among stocks in Jhunjhunwala's portfolio that have taken a severe hit, falling more than 50 per cent during the period.
Watford equalised seconds before halftime through Abdoulaye Doucoure and in a rampant spell of attacking football went ahead four minutes after the break when Roberto Pereyra tapped home a Richarlison cross.
'A fund investor could pick, say, three of the top active funds in any given category.'
Dietician Komal Jethmalani provides the answers.
Zombies a.k.a perpetually loss-making firms in India seem to have dampened the effectiveness of monetary policy at the margin as they use borrowed resources more for their survival than for undertaking new investment, according to a RBI study. The monetary policy does not hinder the creative destruction process by misallocating credit flows to zombies during periods of economic slowdown, showed a study by officers of Reserve Bank of India. It has been published in RBI's bulletin for February 2022. In India, zombie firms are estimated to account for about 10 per cent of total debt of the non-financial corporate sector.
The IMD came out with a dismaying prediction.
Former pacer Zaheer Khan has been made an honorary life member of the Marylebone Cricket Club (MCC), becoming the 24th Indian cricketer to be bestowed the honour. "MCC has elected Zaheer Khan as an Honorary Life Member of the Club," the Club said in a statement.
The study conducted a systematic survey of landslides and derived a statistical model, aimed at quantifying landslide susceptibility along the NH-7 at a high spatial resolution, the findings said.
For automakers, the festive season is about raking it in through ramped up sales and attractive consumer offers. However, despite the robust demand, what may spoil the party this year is a global shortage of semiconductors.
Global cues lift Sensex 364 points; Nifty ends above 8,650.
'If the authorities go about completing this project the way they have proposed, this is going to cause a HUGE environmental impact not only on Malabar Hill but also on the rest of the city.'
Vodafone Idea's cash flow analysis indicates that its situation may remain challenging even after any relief measures, and the telco needs "meaningful capital infusion" with a long gestation period to become competitive, a report by Credit Suisse said on Wednesday. The report expects Airtel to be "well placed" in either of the scenarios, of two-private-operator sector, or three private operators post an industry repair. The note by Credit Suisse on the Indian telecom sector said there has been increasing interest among investors to evaluate valuations of Bharti Airtel and Indus Towers under two situations, in the wake of recent developments.
'We continue to believe that the global economy will narrowly avoid a recession, despite expecting the US, Canada, and most of Europe to fall into recession at some point over the next year or so.'
Despite their opposition based on ideology, both the political Right and the political Left possess similar behaviour, observes Shyam G Menon.
For India to do well in the T20 World Cup, it won't be a bad idea to ask KL Rahul to bat in the middle order instead of opening with skipper Rohit Sharma, considering that the top batters, including Virat Kohli, are struggling in the Powerplay overs.
Sourav Ganguly says he will be surprised if current limited-overs' skipper Mahendra Singh Dhoni leads India in the 2019 World Cup.
Dealerships, too, are going all out to roll out the red carpet for women.
Financials ended mixed despite the status-quo on key rates by the RBI. SBI, ICICI Bank and Axis Bank ended up 0.4-2.5% each.
Morgan Stanley draws optimism from a slew of favourable factors.
South Africa's swashbuckling batsman AB de Villiers has admitted that he is not satisfied with his current T20 record despite playing a major role in his side's two-match series win against England.
Australia moved within six wickets of reclaiming the Ashes at the close of a rain-hit day four of the third Ashes Test on Sunday, with England still 127 runs short of making the hosts bat again.
The unlocking of the economy since June led to a significant recovery in various macro, micro and high-frequency data points, resulting in the equity markets surpassing their previous lifetime highs.
Atanu Biswas explains the economics behind hosting a Games in pandemic times.
Exactly 11 months are left for the marquee event in India and the series starting on Friday will give the team an initial idea about some of the middle-order slots
Rajasthan Royals on Wednesday roped in South Africa's left-arm wrist spinner Tabraiz Shamsi for the remainder of IPL scheduled to be held in the UAE from September 19.
There are, however, a few aspects to factor in before considering G-Secs as an investment option, advises Bindisha Sarang.
Cricket Australia last week confirmed that India will tour Down Under for a full tour comprising four Tests, three ODIs and three T20Is. The second Test will be a day-night affair, starting from December 11 in Adelaide.
India will need to travel back in time and seek inspiration from football greats Tulsidas Balaram and Chuni Goswami to deftly dribble around and sidestep the West-imposed price cap on exports of Russian seaborne crude oil. India depends on imported oil to meet 86 per cent of its needs, of which nearly a quarter now comes from Russia. The copious flows are roughly 10 per cent cheaper than competing suppliers helping India save billions of dollars in fuel costs.
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The study, Security industry's dirty little secret, which was conducted by technology market research firm Vanson Bourne examines the controversy and confusion surrounding AETs and the role they play in Advanced Persistent Threats.
