Acquisition of stressed infrastructure assets has pushed its debt to over Rs 1 lakh crore, highlighting concerns about its growth strategy.
News, as a business, faces its biggest crisis ever, globally. To fight it needs investment in feet-on-the-ground journalism, tech tools like artificial intelligence among other things.
'It's a clear case of political patronage helping an individual grow.'
Stylish left-hander Vijay Zol carried his stupendous form at the Under-19 level to first-class cricket, scoring a fluent century on debut, as the three-day encounter between India 'A' and New Zealand 'A' ended in a draw, in Visakhapatnam, on Friday.
Gam secured 67,242 votes against Basumatary's 25,101 while the third candidate, Bhaity Richong of the Socialist Unity Centre of India-Communist, got 2,265 votes.
No lives were lost after cyclone Biparjoy made landfall. Preparations for Biparjoy were not only extensive, they were also telecast far and wide. Ahead of the cyclone's landfall, Shyam G Menon observes there was considerable publicity on how much the government was geared up to face the storm and its aftermath.
Bankers said as part of its debt reduction plan, Canada's Brookfield-sponsored India Infrastructure Trust acquired a pipeline for Rs 13,000 crore from East West Pipeline Ltd, an arm of Reliance Industries Holding Private Ltd, and all the liabilities are now off the subsidiary's books.
'Rishi is brought up with Indian values -- Indian qualities like respect our parents, respect our uncles -- but he is more British.'
An ecological disaster is in the making in the Sunderbans, the world's largest mangrove forest spanning across the Indo-Bangla border, after an oil tanker collided with an empty cargo vessel. The incident spilled nearly 350 tonnes of oil into the Sela river, threatening the survival of multiple species of flora and fauna.
Bharatiya Janata Party nominee S Selvaganapathy was declared elected unopposed to the lone seat in Rajya Sabha from Puducherry, the first time the saffron party has got representation in the Upper House from the Union Territory, while Dravida Munnetra Kazhagam's two nominees, Kanimozhi N V N Somu and K R N Rajeshkumar, were elected without contest from Tamil Nadu.
The BJP's message is that the past must be reinvented as creatively as imagination allows, states Sunanda K Datta-Ray.
NDTV founders Prannoy Roy and his wife Radhika Roy on Friday said they will sell all but 5 per cent of their remaining shareholding in the news broadcaster to Adani Group for up to Rs 647.6 crore. Roys, who founded New Delhi Television Ltd (NDTV) as India's first and largest private producer of news current affairs and entertainment television, lost their status of being the company's largest shareholder in recent weeks. This follows Adani Group becoming the majority shareholding of NDTV after first buying out a company backed by the founders and then acquiring more shares from the open market.
Vagela could not have reached this position if Narendra Modi, who'd known him from his chief minister days, had not backed the choice.
Mumbaikars will get the opportunity to travel in a unique, exciting and quick mode of transport between Juhu and Girgaum Chowpatty.
Policy lays out a 5-year road map seeking creation of 3.5 mn jobs and promoting 10,000 start-ups.
The double-line pilot section will be commissioned with an investment of Rs 1,000 crore.
The queries, sent in November, were mainly about Capital Investment Trust, which the I-T department said, was used for the purpose of transferring foreign funds comprising global depository receipts (GDRs) of the value of $400 million to two Indian entities - Reliance Utilities & Power (RUPL) and Reliance Port & Terminal (RPTL), owned by the Ambani family. A show-cause notice issued on March 29 to Ambani's wife Nita, and their three children.
After nearly two days of political deadlock, the stakeholders are engaged in prolonged talks to try and appoint a successor to Mahinda Rajapaksa.
Opening batsman Ankush Bains blasted his way to a scintillating century as India inflicted a humiliating nine-wicket defeat on Zimbabwe to seal a berth in the final of the Quadrangular Under-19 One-day Series, in Visakhapatnam.
The navy, police, the anti-terror squad and the army are involved in a massive search operation. Rediff.com's Prasanna D Zore reports
When Jaipur's Maharaja Madho Singh was invited to attend King Edward VII's coronation in 1902, he chartered a ship for Rs 15 lakh for the journey. He also carried 27,000 litres of Ganga jal on board. Prakash Bhandari recalls the maharaja's voyage to attend a British monarch's coronation on a day when Charles III will be crowned king at Westminster Abbey.
The Indian Meteorological Department, meanwhile, warned of intense spell of 30 to 50 mm rainfall per hour with strong winds in Mumbai and suburban areas.
The government, under the Finance Act, 2020, had allowed tax exemption for SWFs and pension funds in the case of incomes from investment in 34 key infrastructure sectors, including hotels, cold chains, educational institutions, hospitals, and gas pipelines.
The Arvind Kejriwal-led AAP is trying to make inroads into BJP-ruled Gujarat where the assembly polls are due later this year.
India on Monday joined a US-led initiative to set up an Indo-Pacific Economic Framework to bind partner countries to achieve common goals, with Prime Minister Narendra Modi asserting that New Delhi will work with the stakeholders to make it an "inclusive and flexible" structure to pave the way for development, peace and prosperity in the region.
At least 70 houses and shops of the Hindus were torched in attacks at Pirganj following Mandal's Facebook post on October 17.
'It is time to give back to this city that has given me so much.'
In many cases, all that is required is a final letter from the ministry
Prime Minister Narendra Modi on Friday called for developing a template by the Shanghai Cooperation Organisation (SCO) to effectively deal with the challenges of extremism and radicalisation.
Amiya Bose, freedom icon Subhas Bose's nephew, was tasked by his uncle to carry a secret letter seeking Soviet help in India's liberation, which was to be delivered to agents in Britain in October 1939, barely a month into the Second World War.
Unlike RIL, the Adani group has not yet brought in any big stakeholders to refinance debt or expand.
Terminal Zero will be constructed at the port of Abbot Point near Bowen town, Queensland, as per the Memorandum of Understanding inked between the company and Korea's POSCO.
The blaze erupted around 7 am in the gas processing plant of the ONGC located in Uran area of neighbouring Navi Mumbai, an official said.
Minister of State for Shipping Pon Radhakrishnan said the vessel had more than 32,000 tonne of oil and has been emptied.
Veteran Luke Ronchi smashed a quick century as New Zealand 'A' recovered from a precarious position to post a respectable 310 against India 'A' on the second day of their three-day match in Visakhapatnam on Thursday.
Expressing commitment to augment the country's infrastructure, Finance Minister Nirmala Sitharaman on Monday proposed to significantly enhance capital expenditure to Rs 5.54 lakh crore in the next fiscal, besides creating institutional structures and giving a big thrust to monetizing assets to achieve the goals of the National Infrastructure Pipeline (NIP). Sitharaman said NIP, that was launched in December 2019 with 6,835 projects, has now been expanded to 7,400 projects and around 217 projects worth Rs 1.10 lakh crore under some key infrastructure ministries have been completed. "For 2021-22, I propose a sharp increase in capital expenditure and thus have provided Rs 5.54 lakh crores which is 34.5% more than the BE of 2020-21," the finance minister said.
The pre-Budget Survey said for wealth to be distributed, it first has to be created and called for looking at wealth creators with respect. The Survey said government interventions seem to be ineffective in stabilising prices of commodities such as onions.
Indian corporate are fast tapping the international bonds market to raise funds for their operational expenses even as they reduce their presence in the rupee bond market. As bonds are costlier for companies and investors are more sceptical than the banks, chief financial officers say they are looking at other avenues for raising funds in the coming months as dollar bond rates are lower in the range of 100 to 250 basis points. "For corporate with reasonable credit quality, the Indian bond market has become less of an option from a cost point of view. "In addition, conditions imposed in the Indian bond market by investors post Franklin episode have also become very onerous," said Prabal Banerjee, president-finance of Bajaj group. "Hence very few corporate are looking at the local bond market for resource mobilisation, since both, bank loans and the overseas bond markets are much more attractive," he said.
This would be the 44th flight of the PSLV and the third launch by ISRO this year.
Major Adhikari was a man par excellence and had won our hearts. His supreme sacrifice for the nation shook us till the roots. A fascinating excerpt from Param Vir Chakra Captain (Honorary) Yogendra Singh Yadav's book, The Hero of Tiger Hill.
