Stake valued at $4 billion, against initial expectation of $4.5 billion
'South movies have the perfect script, the perfect action and the perfect romance.' 'That's why these films are running in theatres.'
According to its DRHP filed in 2010, the company's net worth was just Rs 140 crore. Its total income for the financial year 2009-10 stood at Rs 119 crore and it had a net profit of Rs 16 crore. In sharp contrast, at the end of March 2021, Paytm's networth was Rs 6,535 crore and total income stood at Rs 3,187 crore.
There is a deep-seated sense of rejection that the new generation Tamil youth have felt for a decade and more now, observes N Sathiya Moorthy.
Traders who pay in rupees generate over Rs 50 crore in daily cryptocurrency volumes. Indians actually invest a great deal more in forex-denominated trades, observes Devangshu Dutta, explaining why it is impossible to ban cryptocurrency.
'It was so nice to see that someone of her stature, where she came from and whose family she was married into and how she held herself in spite of everything that was thrown at her.'
'Overnight, the Chetak had new markings and thereafter flew on the call sign, Echo-Bravo-Romeo.' 'By all accounts, this was the first aircraft of the Bangladesh Air Force.'
The model and actor's Vogue Italia cover will make your jaws drop.
Rahul Gandhi said he had helped the party conceptualise its 'Nyay' scheme to help remonetise the economy.
Al-Qaeda on Tuesday claimed responsibility for the brutal killings of Bangladesh's first gay magazine editor
Mallakhamb is about soaring new heights and these students flawlessly worked their magic on the rope.
Prosus-backed fintech firm PayU is set to acquire India's earliest payment gateway BillDesk in an all-cash transaction of $4.7 billion. This will be the largest acquisition in India's digital payments space. The deal will also give exit to investors General Atlantic, TA Associates, Temasek, Clearstone Ventures, and Visa. The proposed acquisition will help PayU, the payments and fintech business of Prosus which operates in more than 20 markets, become one of the leading online payment providers globally by total payment volume (TPV).
Veteran atomic scientist and former chairman of Atomic Energy Commission Dr Sekhar Basu succumbed to Covid-19 early on Thursday at a private hospital in Koklata, a health department official said. He breathed his last just three days after turning 68.
'India has many attractive features for the long-term investor; it combines: A low per capita income, a young population, and a heavier presence of high margin, asset-light firms in the technology sector.'
We have our own problems for sure and they are not trivial, but for now, our economy is in not too bad a shape, our politics is as personality-driven and authoritarian as that of most countries in the world. We must make the best of what we have and not be excessively unhappy looking at the grass on the other side of the septic tank which may not be greener after all!, observes Shreekant Sambrani.
Renowned oncologist and chairperson of the Cancer Institute in Chennai, Dr V Shanta, who is noted for her outstanding contribution to cancer care, died early on Tuesday. She was 93.
The film focuses on the period between 1958 and 1970 when Brazil won three out of the four World Cups and established itself as the country of football.
One should appreciate the sagacity and audacity of JRD and Nani Palkhivala in founding TCS on April 1, 1968. At that time there was no Microsoft or Intel, SAP or Accenture, much less Google.
They needed a person who could build and execute their vision: A frontiersman; a problem solver and an institution builder. It was their and India's good fortune that Faqir Chand Kohli more than measured up to their requirements and indeed laid the foundation to take TCS to unimaginable heights and to the giant success that it is today. Shivanand Kanavi salutes the incomparable F C Kohli, who passed into the ages last week.
Chandrayaan-2 will explore a region of the moon where no mission has ever set foot. The spacecraft consists of an orbiter, a lander, and a rover together referred to as "composite body".
India's pioneer lingerie designer Suman Nathwani presented her debut collection on Day Two of the fashion week.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries
India's electric mobility goal, which has so far been riding on two wheels, is all set to graduate to four wheels. At least, the journey has begun. Hyundai Motor India said it would invest Rs 4,000 crore till 2028 to launch half-a-dozen electric vehicles (EVs) in India. It would eventually straddle premium and mass segments. The first of these - the electrified version of an internal combustion engine (ICE)-powered model - will go on sale as early as next year.
"The strategic divestment transaction of Air India successfully concluded today with transfer of 100 per cent shares of Air India to M/s Talace Pvt Ltd along with management control," DIPAM secretary Tuhin Kanta Pandey said in a tweet. A new board, led by the strategic partner, takes charge of Air India, he added.
It will be interesting to see whether India-China border tensions figure during the deliberations of PLA deputies to the NPC and CPPCC, notes Jayadeva Ranade, the distinguished China expert and retired RA&W officer.
'Everything here is 'sewa'. We saw so many children from neighbouring slums roaming around for food, and thought why not also help them keep engaged in a constructive way'
The sanctioned individuals and their immediate family members are prohibited from entering the mainland, Hong Kong and Macao of China. They and companies and institutions associated with them are also restricted from doing business with China, according to the statement by the Chinese foreign ministry.
'A smile reflects your gratitude for life, your celebration of it.'
Many years ago, Leander Paes acted on a whim when he asked Mahesh Bhupathi, "Would you like to win Wimbledon?" and the tennis star says what followed was a partnership that brought many trophies for India.
A Padma Shri awardee and one of the pioneers of saxophone music in the country, Gopalnath had the distinction of being the first Carnatic musician to be invited to the BBC Promenade concert at the Royal Albert Hall, London, in 1994.
Skylark Drones, a leading drone platform company that counts Tata Steel, Ultratech Cement, Softbank Energy among its customers has secured $3 million in a pre-series A funding round. It would use the funding to strengthen its product offerings and fuel international expansion.
They say better late than never. For the Tatas, the original owners of Air India, bringing back the airline to its fold is worth the wait even if the attempt to privatise the bleeding national carrier by successive governments has taken over two decades. While many airlines have come and gone from the Indian skies since the time when the first move was made to privatise Air India to date, the salt-to-software conglomerate has never let the love affair with aviation, more so with Air India that its former chairman Jehangir Ratanji Dadabhoy Tata (JRD) had, to go off the radar. It is said that Tata group executives used to complain in private that JRD -- the pioneer of the Indian aviation industry -- spent more time worrying about Air India than the Tata group when he was heading both the entities.
Jay Shah replaces Bangladesh Cricket Board (BCB) chief Najmul Hasan Papon.
Public-interest litigators Arundhati Katju and Menaka Guruswamy, who spearheaded a historic legal battle for LGBTQ rights in India, along with Reliance Industries Chairman Mukesh Ambani are among the Indians who have been named by TIME magazine in its prestigious list of the 100 most influential people in the world. The list also includes Indian-American comedian and TV host Hasan Minhaj.
Corporate India lags the rest of its Western and Asian peers by a wide margin when it comes to the presence of women on their boards, with just 17.3 per cent of the large companies having them on their key decision making bodies, an international report said on Tuesday. However, this is a near 6 percentage points improvement between 2015 -- when it was only 11.4 per cent -- and 2021, Swiss brokerage Credit Suisse said in the report, which covered over 33,000 executives from more than 3,000 companies across 46 countries, including over 1,440 firms across 12 Asia-Pacific markets. Female representation on boards of large Indian companies has increased by 5.9 percentage points from 11.4 per cent in 2015 to 17.3 per cent in 2021.
"We are faced with certain hard facts like several courts do not have proper facilities. Some courts function out of dilapidated buildings. Judicial infrastructure is important for improving access to justice," he said.
In a new series, Bollywood's towering talents, who themselves made brilliant works this year, pick their favourite show of 2021, and tell us just why they loved it.
Kirloskar Brothers Ltd (KBL), led by Sanjay Kirloskar, on Tuesday accused four firms under his brothers Atul and Rahul of trying to "usurp" its legacy of 130 years and trying to mislead the public, which has been refuted by the other side. As the family feud simmers, KBL in a letter to capital markets regulator Sebi claimed that recent press releases by Kirloskar Oil Engines Ltd (KOEL), Kirloskar Industries Ltd (KIL), Kirloskar Pneumatic Company Ltd (KPCL) and Kirloskar Ferrous Industries Ltd (KFIL) "have sought to usurp the legacy" of KBL. Also, they attempted to pass off the legacy and track record of KBL as that of their own, the letter said.
Organisations today are more focused on candidates' skills that will not only add business value to the organisation but also help them thrive.
'India has to prepare for future warfare where kinetic use of force at the border will be limited. War will take place in the realms beyond the border.'
India's negotiating posture at the multilateral negotiations should be aligned with a significantly transformed development strategy domestically.' 'The positions the country takes at the negotiations will then carry credibility, says Shyam Saran, former foreign secretary and India's chief negotiator on Climate Change 2007-2010.
