Mining magnate Anil Agarwal's conglomerate on Friday announced a major business shake-up, with flagship Vedanta Ltd approving a spin-off of its metals, power, aluminium and oil and gas businesses into separate listed entities and an overhaul of lucrative zinc unit planned as part of value creation and reducing debt load. Vedanta will issue one share of the five demerged businesses for every share held in the company, the firm said in a statement. The entire exercise, which would require shareholder and lender approval as well as a nod from the stock exchanges and courts, is expected to be completed in 12-15 months, its president for finance Ajay Agarwal said.
A bench of Justices Sanjiv Khanna and SVN Bhatti, which reserved its verdict on two separate regular bail pleas of Sisodia in the corruption and money laundering cases, told the ED it cannot go by the assumption of bribe having been paid, and whatever protection an accused enjoys under law needs to be granted.
A bench of Justices Sanjiv Khanna and SVN Bhatti asked additional Solicitor General SV Raju, appearing for the two probe agencies, when will the arguments on charges against Sisodia commence in the trial court.
Neerja Palisetty's Sutrakaar Creations combines paper with post-consumer waste to promote fair trade, craft empowerment, zero-waste, and ethical fashion.
The limited availability of flexible (flex)-fuel vehicles in the Indian market and the slow rollout of ethanol-blended petrol by oil-marketing companies (OMCs) remain major obstacles to achieving widespread use of biofuels in the transportation sector in India. Recently, two Union ministers have emphasised India's biofuel potential, arguing that it has the capacity and potential to lead a transition towards widespread biofuel adoption. Road Transport Minister Nitin Gadkari signalled that this transition is well underway and urged car manufacturers to quickly adapt and introduce new biofuel-run vehicles, lest the government resort to taxing diesel vehicles.
Long before he launched Paytm, Vijay Shankar Sharma, a 32 year old from Aligarh, embarked on his ambitious entrepreneurial journey.
Army Commander Lt Gen Upendra Dwivedi visited the twin border districts of Rajouri and Poonch and took stock of the ongoing operation, the officials said, adding he asked the troops to be relentless in their pursuit.
The scenic mountainous valley, which earlier bustled with presence of foreign tourists, now wear a deserted look. Kunal Dutt reports
Avoid microwaving food or beverages in plastic containers, as heat can accelerate chemical leaching, suggests Dr Sudha Desai.
The court also imposed a fine of Rs 35,000 on him.
Chief Justice of India D Y Chandrachud on Tuesday said the State has an obligation to recognise unions entered into by queer couples and grant them benefit under the law.
A plea has been filed in the Supreme Court for initiation of contempt proceedings against the Securities and Exchange Board of India (SEBI), alleging it has violated the timeline for completing the investigation and submitting its report on the allegations of stock price manipulation by the Adani group. An application has been filed by PIL petitioner Vishal Tiwari saying that despite the deadline given to the SEBI it has failed to comply with the direction of the court and has not submitted the final conclusion/report as was directed by the court. It said by the order dated May 17, 2023, the apex court directed SEBI to submit its report till August 14, 2023.
10 non-bank and non-finance stocks from the BSE500 Index universe that offer an optimal blend of low valuation, reasonably robust revenue and earnings growth in recent quarters, a strong balance sheet, and most importantly, positive cash flow from their operations.
All armed forces including the Army, the Navy, the Air Force and Indian Coast Guard have made necessary preparation to provide assistance to the local people of Gujarat.
Smart windows are aimed at saving on cooling and heating bills for homes and businesses.
Larsen & Toubro (L&T) disappointed the Street with its results for the January-March quarter of the 2022-23 financial year (Q4FY23) due to weaker core engineering & construction (E&C) segment performance by the engineering giant.' Although core E&C order inflows for FY23 rose 19 per cent year-on-year (YoY), with orders from railways, metals and water sectors, margins in the infrastructure segment crashed to all-time low. Revenue at Rs 58,300 crore was up 10 per cent YoY but somewhat below expectations.
'We will likely never know why Xi decided not to travel to New Delhi. One possible explanation could be his desire to avoid a meeting with US President Joe Biden.'
The Madras high court on Thursday declined to declare the entire Tamil Nadu Prohibition of Online Gambling and Regulation of Online Games Act, 2022, as ultra vires the Constitution and held rummy and poker as 'games of skill.'
The Delhi high court on Tuesday sought the response of Union Minister Smriti Irani on a plea by microblogging site Twitter seeking certain clarifications in the court's earlier order by which it had directed social media giants to remove web links allegedly containing objectionable material against the BJP leader and her daughter.
Sluggish rural demand along with higher inflation is set to mute revenue growth of the fast-moving consumer goods (FMCG) sector at 7-9 per cent this fiscal and the next compared to 8.5 per cent in the previous fiscal, a report said. Almost 40 per cent of the Rs 4.7-lakh-crore sector come from the hinterland markets, which have been hit by high inflation, low wages and high job losses since the Covid pandemic. Revenue growth of the FMCG sector will be muted at 7-9 per cent this fiscal and the next compared to 8.5 per cent in the last, while volume growth will be just about 1-2 per cent, down from 2.5 per cent last fiscal, Crisil said in a report on Monday.
The headline for corporate profit growth has been very encouraging in the July-September quarter (Q2) of 2023-24 (FY24), with the combined net profit of listed companies up by 38 per cent year-on-year. However, the earnings distribution has been very lopsided, with most of the growth coming from public-sector oil-marketing companies (OMCs), banks, non-bank lenders, automobile (auto) companies, and cement producers. By comparison, companies from information technology services, fast-moving consumer goods (FMCG), retail, and consumer durables were disappointed, experiencing a sharp slowdown in net sales growth and a relatively muted increase in reported net profit.
The stock of Colgate-Palmolive (India) surged after the company delivered a better than expected operating performance for the March quarter of the 2022-23 financial year (Q4FY23) recently. The stock, however, has given up most of these gains over the last one week as the Street awaits recovery in the core toothpaste segment and sustained recovery in market share. The country's largest listed oral care company posted a gross margin expansion of 100 basis points (bps) on a sequential basis to 66.9 per cent, led by pricing and efficient sourcing.
Is your love life under pressure? Are you troubled by your relationship? Get Ahead's Love Guru hosted a chat with readers on June 10 to help them deal with love problems. For those of you who missed it, here's the transcript.
'Over the years, India has taken great strides in many fields, especially in the context of science and technology. Yet even as external disarmament is necessary, inner disarmament is no less important'
Remove anomaly of higher customs duty on inputs by cutting the customs duty on natural rubber, other inputs and on tyre manufacturing machinery and / or hike in customs duty on tyres.
I do have a dream biopic. It has as its subject Renu Saluja, the cosmically gifted editor, with a special focus on the Vidhu Vinod Chopra-Saluja-Sudhir Mishra love story, says Sreehari Nair.
According to a 2020 study Analysis of bridge failures in India from 1977 to 2017, as many as "2,130 bridges" -- excluding culverts and pedestrian bridges -- have collapsed during various phases of construction in the last four decades.
Begin by tackling small and manageable math problems. Gradually increase the difficulty level as you build confidence and familiarity, suggests Aashish Sood.
Through her Ancestral Weaves collection she gave 'the wonderful Indian weavings a universal language' at Milan.
Stalin still enjoys a lot of sympathy and empathy as someone wishing well for the state, but not full-throated support as in 2019 and 2021, notes N Sathiya Moorthy.
It was August 2007. Tata Steel was turning 100. Jamshedpur, its hometown, had an air of celebration. The line-up for the special event included the launch of Air Deccan's commercial flight connecting Kolkata and Jamshedpur, and release of Russi Lala's new book, Romance of Tata Steel. There was also the screening of The Spirit of Steel, a 20-minute documentary directed by Zafar Hai showcasing Tata Steel's legacy, and a corporate anthem penned by Javed Akhtar and composed by Shankar, Ehsaan and Loy.
Don't believe us? Listen to what doctors have to say this World Breastfeeding Week then.
Taking cue from holy book Bhagwad Gita, the draft telecom bill has equated spectrum to the soul which remains immortal and has used the analogy to propose its use for continuity of telecom service of entities that face insolvency.
Warina Hussain's tips for the festive season.
SBI has suggested that banks be exempted from handing over the complete forensic audit report to the borrower as it would hamper future investigation and forewarn the borrower by way of disclosure of confidential information.
A Mumbai-based pandal has designed an idol that reduces pollution and ocean waste and urges its visitors to contribute smartly towards a social cause.
With a solid Vijay Varma at its centre, Kaalkoot is a riveting watch, raves Mayur Sanap.
Clearly, Foxconn Chairman Young Liu and his team are looking to raise their game in India.
Former United States President Donald Trump on Tuesday pleaded not guilty to 37 charges related to the alleged mishandling of classified documents, CNN reported.
'Investors should look to incrementally allocate towards equity from a medium-to-long term horizon.'
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