Bharti Group's retail venture in partnership with the world's biggest retailer Wal-Mart is going to be a low-key affair with its launch planned in phases over a period of time.
Prime Minister Manmohan Singh On Monday asked Indian steel tycoons eyeing global expansions not to overlook opportunities at home and assured all assistance to the industry in meeting the rising domestic demand.
In an affidavit filed before the Supreme Court, the chief secretary of Manipur said it was unfortunate that the platform of the top court was being "misutilised", apparently referring to the lawyer's claim.
The Manipur government on Friday told the Supreme Court that it has filed a status report on the issue of recovery of arms from 'all sources' in the ethnic violence-hit state.
Apart from being the most successful cases under the IBC, Bhushan Steel and Essar Steel are among the best steel assets in the country. They also ended up helping their lenders get back a significant chunk of the money while allowing Tata Steel to consolidate its position and giving the world's two largest steel makers - ArcelorMittal and Nippon Steel - a strong foothold in India. A significant contrast was the pace at which these two cases were resolved under the bankruptcy code. In the annals of the Insolvency and Bankruptcy Code (IBC), Essar Steel may go down in history as the most noticeable resolution with the world's largest steelmaker, ArcelorMittal, and the incumbent, Ruia family, locked in an intense battle spanning more than two years and ultimately resulting in full recovery of the principal amount for the financial creditors.
The company had signed a memorandum of understanding with the state government to set up the plant at an investment of Rs 30,000 crore (Rs 300 billion).
Bharti Enterprises has had a joint venture with Walmart in the wholesale trade for years in India.
However, the company will go ahead with its plans in Jharkhand, and has secured iron ore mines and coal linkages to the project, company sources told Business Standard. An e-mail reply from the steel major said it was not expecting its projects in India to start before 2014.
Mukesh Ambani has raced ahead of Gautam Adani to become the richest Indian on a list of wealthiest people in the country. The 66-year-old chairman of the diversified Reliance Industries saw his wealth growing by a marginal 2 per cent to Rs 8.08 lakh crore, while Adani's fortune plummeted by 57 per cent to Rs 4.74 lakh crore, as per the 360 ONE Wealth Hurun India Rich List 2023. Anas Rahman Junaid, managing director and chief researcher at Hurun, attributed the decline in Adani's wealth to the Hindenburg report published in January. In January,
A bench comprising Chief Justice DY Chandrachud and Justices JB Pardiwala and Manoj Misra also took note of the affidavit of the Manipur chief secretary that there was no short supply of basic commodities like food and medicines for people facing economic blockade.
The dates for the much-awaited WFI elections have been confirmed, with the results also set to be announced on the same day.
The IPO boom in 2023 added four new promoters to the billionaires' list.
'If you are going to have only a handful of telecom players on whom the entire dream of Digital India rests, it's important they are financially sustainable.'
The mob freed dacoit Hema Meghwal, who was carrying a reward of Rs 32,000, and their two other associates lodged in the lock-up.
The Centre has appointed senior IAS officers Vumlunmang Vualnam and Neeraj Mittal as new secretaries in the ministry of civil aviation and the department of telecommunications respectively in a major secretary-level bureaucratic reshuffle, a government order stated.
GSM operators lobby COAI has already challenged the norms announced by Department of Telecom on October 19, which include allowing dual technology for mobile services and enhanced subscriber-linked criteria for spectrum allocation. In view of protests by GSM operators, the Centre had asked Telecom Engineering Centre, the technical wing of DoT, to study the norms as suggested by the Telecom Regulatory Authority of India.
The Supreme Court on Friday said the trial in the Manipur violence cases being probed by the Central Bureau of Investigation (CBI) will take place in neighbouring Assam and asked the Chief Justice of the Gauhati high court to nominate one or more judicial officers to deal with the matters.
Global steel giant ArcelorMittal is set to relocate its plant proposed in Khunti-Gumla to Bokaro district in the state mainly on account of land acquisition problems
Made-in-India apps -- the likes of QuackQuack, TrulyMadly, and Aisle -- are wooing Internet users in smaller towns. Indian consumers spent close to $10 million in 2022 on dating and friendship apps.
The Supreme Court on Friday directed the Manipur government to apprise the apex court-appointed committee of the steps taken to secure places of public worship in the state where ethnic clashes have claimed more than 170 lives since May.
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The South West District Consumer Disputes Redressal Forum said that Tara Chand, a Delhi-based businessman, was entitled to three domestic trips instead of one as contended by Airtel since he had bought the connections in the names of three directors of his firm.
Bharti Airtel is launching 5G telecom services in eight cities, including four metros, on Saturday and will progressively cover the entire country by March 2024, its chairman Sunil Bharti Mittal said. Speaking at the IMC 2022, he said the nation's oldest private telecom operator is launching 5G mobile services in eight major cities and will cover most parts by March 2023 and the entire country by March 2024.
Strong demand in the domestic market, coupled with an increase in raw material prices, is pushing up steel prices. According to SteelMint, a market intelligence and price reporting firm, the list price of flat steel has seen an increase of Rs 750-2,000 per tonne for October deliveries. The long steel price witnessed an increase of Rs 1,500 per tonne towards the end of September.
The way video is being watched and monetised is changing. This is the first thing that stands out as the penetration of smart TVs continues to rise.
Telecom service operator Airtel on Thursday urged the government not to charge high fees for allotting 5G spectrum, saying a faster roll out of the next-generation telecommunication network can have more benefits than collecting revenue in upfront cost. Sunil Bharti Mittal, chairman of Bharti Enterprises which runs the country's second largest telco, said that there are a variety of applications across sectors ranging from healthcare to video interactions, which will make 5G a technology to be introduced as soon as possible. "5G is important and that's why we keep on requesting the government to make the 5G as an enabler for hundreds of things that we develop in the country, to keep the spectrum at affordable pricing, to not load the industry too much," Mittal said at the Times Network India Economic Conclave.
Oil and Natural Gas Corporation, India's largest oil producer, will sign an agreement with global steel tycoon L N Mittal on Saturday for jointly hunting for overseas oil properties and energy business.
'However, we have seen weakness in our active pharmaceutical ingredients business.'
'Interim Budget has ignited the entrepreneurial spirit.'
'The long maturity of these funds makes them well-suited for long-term financial goals such as saving for retirement or children's education or marriage.'
A Congress delegation on Monday met the family of the Dalit youth, who was allegedly beaten to death last Thursday by a group of people over an old enmity.
In a shocking incident, a 20-year-old woman died after her scooty was hit by a car and her body was dragged for around four kilometres in outer Delhi's Sultanpuri on Sunday, police said.
If one partner has to coax the other into having sex, it's neither the right time nor the right move, alerts Ravi Mittal, CEO, Quack Quack, an online dating app.
Police on Friday arrested another man, Ashutosh, under suspicion of shielding the accused.
The company had net income of $2.4 billion for the three months ended March 31, 2008. ArcelorMittal saw its sales went down by 31.6 per cent to $15.1 billion in the reporting period as against $22.1 billion in the same period last year.
From wrestlers' protest to WFI elections: Timeline
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Erigaisi is currently in fifth place after eight rounds.
Hours after the Mohali court issued the arrest warrant in connection with a case registered against him by the Punjab Police last month, Bagga moved the high court challenging it.
