Bankruptcy court NCLT on Tuesday allowed billionaire Anil Agarwal's Twin Star Technologies to take over Videocon Industries Ltd for about Rs 3,000 crore. Twin Star, a part of Vedanta Group, will pay around Rs 500 crore within 90 days as upfront payment and the rest as non-convertible debentures over a period of time. A two-member Mumbai bench of the NCLT comprising members - H P Chaturvedi and Ravikumar Duraisamy - approved the resolution plan by Twin-Star Technologies.
Following his resignation, the Finance Ministry has appointed Joint Secretary Anup Wadhawan as Chairman of the PFRDA.
Survives sharp bowling to notch up another half-ton
Originally picked to play at the number four batting spot, Shankar has managed scores of 15 not out, 29 and 14 in his three matches in the World Cup.
Mayank Agarwal notched up his second hundred in as many Tests and combined with Cheteshwar Pujara to set up a platform for India to post a big first-innings total against South Africa in the second Test.
Paneer can be had Indian-style with Chinese sauces and turn out delicious.
While mostly corporates, including established names and little-known ones, went for the top-denomination bonds, there were also several individuals who bought multiple such bonds.
India opener Mayank Agarwal smashed a career-best second double hundred on Day 2 of the first Test against Bangladesh, in Indore on Friday, and immediately revealed the secret of his consistency.
Oravel Stays, the parent company behind the travel tech brand Oyo, is eyeing to clock Rs 100 crore in Q4FY24 profit after tax (PAT) and a 20 per cent revenue growth for FY24, according to informed sources. These numbers were part of an internal review meeting between founder Ritesh Agarwal and senior management earlier this week, where he spoke about the company's profitability trajectory and growth in business.
India's inspirational para-athletes achieved their stated goal of 25 medals and remained on course for more in Paris on Thursday.
Private banks' net profit grew 26.3 per cent year-on-year (Y-o-Y) to Rs 48,982 crore in the first quarter ended June 2024 (Q1FY25) owing to healthy growth in credit and other income. The gross non-performing assets (GNPAs) increased with the end of dispensation granted during the pandemic, according to the data compiled by BS Research Bureau for listed 18 private banks.
A special court here on Friday granted bail to Yes Bank co-founder Rana Kapoor in the Rs 466.51 crore bank fraud case, paving the way for him to walk out of jail after four years. The Enforcement Directorate (ED) arrested Kapoor in March 2020 in a money laundering case, and he has been booked in eight cases related to fraud at the bank.
A 17-year-old boy, who allegedly crashed his high-end car into a motorbike killing two persons in Pune, was granted bail on a surety of Rs 7,500 and an assurance from his grandfather to keep him away from bad company, as per the order.
On joining the party, the former SP leader belittled actor-politician Jaya Bachchan as someone "who used to dance in films".
Opener Mayank Agarwal continued his dream run with yet another hundred as India 'A' comfortably beat England Lions by 102 runs in the third match of the Tri-nation 'A' series, in Leicester, on Tuesday.
While the pace department needs some urgent solutions, the spin has a slightly different landscape.
The Hindu litigants claim the mosque holds signs suggesting that it was a temple once.
An aggressive and impactful innings is what Mayank Agarwal's coach Irfan Sait is expecting from his ward
Seniors Rohit Sharma,Virat Kohli, Jasprit Bumrah and Ravichandran Ashwin received exemptions for the Duleep Trophy, starting in Bengaluru on September 5.
The judicial commission set up by the Uttar Pradesh government will speak to anyone required for its inquiry into the July 2 Hathras stampede, a probe panel member said on Sunday when asked if self-styled godman Bhole Baba will also be questioned.
Yash Dayal's story is now one of resilience and redemption, proving that comebacks often speak louder than any setback.
The aggregate value of private equity (PE) deals in Indian real estate has declined nearly 30 per cent to $3.6 billion in 2023-24 (FY24) as compared to $5.1 billion in FY20, according to a report released on Monday.
Suryakumar Yadav smashed an unbeaten century as Mumbai Indians eased past Sunrisers Hyderabad by seven wickets.
Public-sector banks, including Canara Bank and Bank of India, are tapping the infrastructure bond market. Canara Bank on Tuesday raised Rs 10,000 crore at a coupon rate of 7.40 per cent through 10-year infrastructure bonds. This comes after SBI on July 10 raised Rs 10,000 crore also through infrastructure bonds with a 15-year tenor at a coupon rate of 7.36 per cent.
A deal, where a founder has brought back stake from early investors before an initial public offering, is unheard of in India or pretty much anywhere else, analysts pointed out.
For her a competition, be it the World Cup or the Paralympic Games, is just an extension of her training regimen, which has to be followed to the tee.
Former India opener Aakash Chopra feels that South African batter Aiden Markram has to perform consistently in the Indian Premier League (IPL) 2024 in order to retain his place in SunRisers Hyderabad (SRH) playing XI.
Justice Rohit Rajan Agarwal made the observation while rejecting the bail application of one Kailash, who is accused of being involved in the religious conversion of several people from a village here.
Villagers have been protesting against the Sterlite factory since February 12, with an effigy of Vedanta Chairman Anil Agarwal as the backdrop. More than 75 days hence, the dharna continues, the summer vacation seeing children joining the protest.
Sanjay Manjrekar said the team management should take the blame for selections which have backfired.
'The pitch should have enough for the bowlers to be interested on all days of the Test.'
India 'A' coach Rahul Dravid says being dropped from Karnataka's Ranji Trophy-winning team must have acted as a catalyst for young Mayank Agarwal to work on his game.
In a relief for foreign firms giving loans to Indian subsidiaries, tax authorities have said goods and services tax (GST) will not be imposed on them, subject to some caveats. Additional fees, commissions, or related payments - over and above the amount charged as interest - on these loans will attract GST at 18 per cent, the Central Board of Indirect Taxes and Customs (CBIC) has said.
Fifties from Heinrich Klassen, Abhishek Sharma, and Travis Head tore the Mumbai Indians bowling attack apart as SunRisers Hyderabad registered the highest score in IPL history.
Para shooter Rubina Francis lights up India's day with bronze at Paris Paralympics on Saturday.
In an unexpected turn of events, Elon Musk, the world's richest man and the biggest shareholder of Twitter, has decided not to join the board of the micro-blogging platform. The decision of Musk -- who has made a raft of suggestions in recent days for Twitter, even wondering whether its headquarters should be turned into a homeless shelter -- was made public by the platform's India-origin CEO Parag Agarwal in a tweet on Sunday evening. With a 9.2 per cent stake, Musk is currently the biggest shareholder of Twitter, which had entered into an agreement with the billionaire whereby he will get a seat on the platform's board till the 2024 annual shareholders' meeting. He was to join the board on April 9.
Appealing to the police to "protect" her son, the mother breaks down, shows her video message. Unable to gather herself, she then walks away from the camera.
Pune police on Saturday arrested the grandfather of the 17-year-old involved in a car crash here that killed two persons while claiming that both the teenager's father and grandfather put pressure on the family's driver to take blame for accident by offering him money and giving threats.
While tenants can't escape the impact of rising rentals entirely, they can adopt a few strategies to reduce the impact.
'PPF carries minimal risk.' 'Its fixed-income nature allows investors to diversify their portfolios.'
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