Reliance Industries (RIL) is likely to be the lone bidder for Mangalore-based JBF Petrochemicals, which is up for sale after defaulting on bank loans worth Rs 5,000 crore. The lenders for the second time extended the deadline for submission of bids, which had ended on August 20, as several players, including public sector companies, were redrawing their acquisition plans, said people in the know. "There were several companies which had submitted their expressions of interest (EoIs) for the company but after due diligence decided to exit the race," said a source close to the development. "The new deadline for submitting financial offers is August-end," the source said.
The Congress on Sunday gave a call to party leaders in poll-bound states to work with unity to ensure victory that will 'set the tone' for 2024 Lok Sabha polls even as it showed willingness to forge an alliance of 'like-minded' parties.
For Dhawan, 'balance on and off the field' is very important, in theory and in practice
In Jammu and Kashmir, Eid prayers passed off peacefully and there was no report of any untoward incident, the police said.
"The president pledged America's steadfast ongoing support for the people of India, who have been impacted by the recent surge in the COVID-19 cases," White House Press Secretary Jen Psaki told reporters at her daily news conference.
Behrendorff had replaced compatriot Josh Hazlewood in the CSK squad after the latter had pulled out of the IPL before the start of the tournament.
Shooter Esha Singh becomes youngest to donate to the PM's relief fund.
If you want to make your enemy look like a threat, at least make them formidable, sighs Sukanya Verma.
Tharoor's social media post condoling Musharraf's demise evoked a sharp response from the Bharatiya Janata Party which accused the Congress of "Pakistan parasti (worshipping)".
'If it weren't for Om Puri, a whole range of our big city experiences wouldn't have found their honest representations on the screen.'
Though Kishore Biyani is selling stakes in group companies to pay off debt, a significant share price crash since January this year is making his task difficult.
Britain's Prime Minister David Cameron on Sunday promised to "stand together" with Pakistan in the war against terrorism and nudged his counterpart Nawaz Sharif to help clinch a peace deal with Afghanistan before NATO's withdrawal from the war-torn nation next year.
After raising interest rate by a cumulative 250 basis points in 11 months, the Reserve Bank of India (RBI) on Thursday unexpectedly kept benchmark rate unchanged as global banking woes added uncertainty to the economic outlook. Five out of six members of MPC voted to remain focused on the withdrawal of accommodation to ensure inflation aligns with target while focusing on growth, RBI Governor Shaktikanta Das said on Thursday. The Monetary Policy Committee of the central bank decided to take a pause after a rate hike seen in previous six consecutive policies.
The chairman of the JSW Group of companies, Sajjan Jindal, whose stake in the group is valued at $14.5 billion (Rs 1.1 trillion), is betting $4.5 billion of his personal fortune in the firm's bid for Ambuja Cements. According to bankers, Jindal's contribution will be a combination of share sale and debts raised by pledging the stake of the target entities with private equities. The JSW Group chairman has offered $7 billion for Ambuja Cements, including $2.5 billion of investments from private equities, the Financial Times reported on Tuesday.
'We know these are mind games Ajit dada is playing, but he (Sharad Pawar) doesn't get swayed by such gestures.'
The Congress victory in Karnataka, its first big state since 2018, puts the party back in the game for general elections as it re-establishes primacy in the opposition space that is currently vastly fragmented despite efforts to cobble up a united front against the BJP.
While the opposition Bharatiya Janata Party and the Congress alleged that the killings were a fallout of the TMC's infighting, the ruling party pointed fingers at the grand old party of India.
If they will allow I will speak inside the parliament, the Wayanad MP said.
The Enforcement Directorate (ED) on Thursday said it has arrested Karvy Stock Broking Limited (KSBL) CMD C Parthasarathy and group CFO G Krishna Hari in connection with a money laundering investigation linked to alleged diversion of clients' securities of over Rs 2,873 crore. The agency produced the two-- already lodged in central jail, Bengaluru after being arrested by the police-- before a special Prevention of Money Laundering Act (PMLA) court in Hyderabad on January 20 and on January 25 it remanded them to four days of ED custody from January 27-30, it said in a statement. The ED case, filed under the criminal provisions of the PMLA, is based on multiple Telangana Police FIRs filed by the HDFC Bank, few other banks and investors alleging clients' securities were illegally diverted by Karvy Stock Broking Ltd and these were later pledged with banks and non banking financial companies (NBFCs) for loans which were later "defaulted".
Of the 4.10 crore to be shared through COVAX, 1.40 crore will go to Latin America and the Caribbean nations and 1.60 crore to Asia.
Allocates donation to UNICEF Australia's India COVID-19 Crisis appeal instead.
As part of the efforts to bring several opposition parties together on a common platform to defeat the BJP in 2024 Lok Sabha polls, Pawar met Kharge on Thursday evening.
The Quad partnership is on track to produce at least a billion vaccine doses in India by 2022, US President Joe Biden said on Wednesday, asserting that nothing is more urgent than working together to defeat COVID-19 so the world is much better prepared for future pandemics.
The Jamiat Ulema-e-Hind has asserted that efforts to create a rift between people from different religions should be treated as a "national crime", and welcomed the government's outreach to Pasmanda Muslims.
Amazon
Over 30,000 kg of drugs were incinerated in four locations across India on Saturday in the virtual presence of Union Home Minister Amit Shah.
In his video message to celebrate the birth of an "extraordinary Constitution" that established India "as the biggest sovereign democracy in the world", the UK PM reiterated his plan to visit India in the coming months.
Hindenburg Research has alleged that Adani Group was "engaged in a brazen stock manipulation and accounting fraud", a charge the conglomerate described as malicious, unsubstantiated, one-sided, and having done with malafide intention to ruin its share-sale.
The first tranche of 50 expected to arrive soon as part of efforts to strengthen bilateral cooperation in the fight against the COVID-19 pandemic
Hydrography (underwater geography) prevents the Indian Navy for opting for an all-conventional, or all-nuclear submarine fleet.
Apple Inc may have the best to offer in the near term.
A basic outline and roadmap for Opposition unity are likely to be deliberated upon with the contentious issue of seat sharing and leadership questions to be avoided for now.
Claims over leadership became the focal point at the former All India Anna Dravida Munnetra Kazhagam supremo J Jayalalithaa's death anniversary event held in Chennai on Sunday with the main opposition party in Tamil Nadu, led by O Panneerselvam and K Palaniswami, asserting that it is a 'fortress' that cannot be shaken by anyone.
United States Pharma giant Pfizer is in the final stages of an agreement with India to supply anti-COVID-19 vaccines, Chief Executive Officer Dr Albert Bourla said on Tuesday, observing that the domestically manufactured vaccines would be the backbone of vaccinating the Indian people.
These are obviously not 'organic' desertions but brought about under intense military pressure, post the 9/5 arrests. It seemed as if the party was being dismantled the same way it was brought into power!, notes Rana Banerji, who headed the Pakistan desk at RA&W, India's external intelligence agency.
Neeraj Chopra's soaring javelin did not just earn India their first Olympic gold in athletics on Saturday, it also meant that the contingent will return from Tokyo with seven medals, their biggest Games haul ever.
'Both the people have a perspective and are people of stature and people of understanding'
With palm oil having 55 per cent share in total edible oil imports, the National Mission on Edible Oil-Oil Palm (NMEO-OP) would ensure that farmers get all facilities, from quality seeds to technology to promote cultivation of palm and other oil seeds, he said. Modi made this announcement after virtually releasing the ninth installment of Rs 19,500 crore to 9.75 crore beneficiary farmers under the government's flagship scheme PM-KISAN.
"The Congress have gone and made promises in Punjab, Rajasthan and Chhattisgarh that they never fulfilled," Rajeev Chandrasekhar claimed.
The Congress, by and large, focused on local issues in this election and its campaign also was run by state leaders initially.
© 2026 Rediff.com - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances