The Adani group, buoyed by a sharp recovery in its share prices over the past year, is set to embark on a series of roadshows this week to raise up to $4 billion (approximately Rs 33,254 crore) through equity and refinancing of older debt, according to banking sources. The roadshows, scheduled to take place in major cities, will inform investors about the group's investment plans across renewable energy, petrochemicals, and infrastructure development.
Prime Minister Narendra Modi will embark on a three-day visit to Germany, Denmark and France from May 2 to 4 to further expand bilateral ties in diverse areas.
'India represents one of the top opportunities with robust growth, solid fundamentals, and openness to foreign investment.'
The deployment of the UK's "most advanced naval capabilities" has been flagged by the UK ministry of defence as a "decisive step" in bolstering UK-India security ties.
India was a very important strategic partner of the US, she said.
Make financial planning a part of your education and definitely a part of your marriage, says financial planner Sheetal Jhaveri.
Chinese Premier Li Keqiang was accorded a red carpet welcome as he arrived in Islamabad on Wednesday on a two-day maiden visit to "iron brother" Pakistan for talks on bilateral and regional issues focusing economic cooperation.
Nasdaq-listed Cognizant Technology Solutions has signed a definitive agreement to acquire global engineering company Belcan for about $1.3 billion (Rs 10,853.7 crore) in cash and stock. The transaction is expected to close in the September quarter. The total consideration includes $1.19 billion (Rs 9,935.31 crore) in cash and 1.47 million Cognizant shares, valued at $97 million (Rs 809.53 crore) based on the information technology services provider's closing share price on June 7, 2024.
'API prices are dragging down margins and impacting our competitive ability.'
In a statement, Modi said he will be visiting Berlin on May 2 at the invitation of German Chancellor Olaf Scholz, following which he will travel to Copenhagen on May 3-4 at the invitation of his Danish counterpart Mette Frederiksen to hold bilateral engagements and also participate in the Second India-Nordic Summit.
Prime Minister Narendra Modi arrived in Berlin on Monday on the first leg of his three-nation Europe trip during which he will hold detailed bilateral discussions with German Chancellor Olaf Scholz and co-chair the India-Germany inter-governmental consultations.
Defence Minister Manohar Parrikar and outgoing United States Defence Secretary Ashton Carter on Thursday finalised the "major defence partner" status to India which will fast-track cooperation and sharing of high-end American defence technology.
'Even as discord over US-India trade and commerce colours diplomatic relations, defence relations between the two countries remain on a firm footing,' points out Ajai Shukla.
Showing respect to the Indian flag, Prime Minister Narendra Modi on Wednesday immediately picked up the tricolour placed on stage at a BRICS meeting here to mark the standing place of every leader so as not to step on it.
If the concerns over risking political capital are overcome, the long-term gains for the Indian economy will be immense, asserts A K Bhattacharya.
'Religion and extremism is going to be a big force, a very important force, in Bangladesh's politics.'
'Good to meet US Secretary of State @SecBlinken today. I welcome President Biden's strong commitment to strengthen the India-US Strategic Partnership, which is anchored in our shared democratic values and is a force for global good,' Modi tweeted.
After facing multiple outages that irked the regulator, the country's largest private sector lender, HDFC Bank, is revamping its technology infrastructure by making large scale investments, wherein it is bringing new talent, getting into cloud-native stacks, a shift from the traditional monolithic IT infrastructures, and working with strategic partners for better products and services. The bank management is clear that it will do whatever it takes in line with its growth path to ramp up its technology infrastructure.
Canada-based Brookfield will acquire the Indian business of American Tower Corporation (ATC) for an enterprise value of $2 billion, a release said on Friday. The transaction is subject to regulatory approvals and expected to close in the second half of 2024. "Data Infrastructure Trust (DIT), an Infrastructure Investment Trust sponsored by an affiliate of Brookfield Asset Management, today announced the signing of an agreement with ATC to acquire 100 per cent of equity interests in American Tower's operations in India (ATC India), for an enterprise value of Rs 16,500 crore ($2 billion) which is subject to pre-closing terms as per the securities purchase agreement," it said.
For all the livelong years it has been around, beer has been associated with leisure and relaxation. Of late, it has become more than just a beverage. Both amateurs and aficionados prefer an uncorked chilled beer to unwind on a sweltering hot day. As the temperature rises, the breweries gear up to capitalise on this growing trend.
Officials hint the visit could finally see a formal defence industrial road map being adopted by both nations.
'We have got enough internal accruals, and we are able to do acquisitions on our own.'
Responding to a question on Rahul Gandhi suggesting that China and Pakistan are closer due to the policies of Prime Minister Narendra Modi-led central government, US State Department Spokesperson Ned Price in a press briefing said, "I will leave it to the Pakistanis and the PRC to speak to their relationship. I certainly would not - would not endorse those remarks."
Pakistan, the report said, has played an active, and by many accounts, a negative role in Afghan affairs for decades.
The avoidable stresses and strains in ties helped in one way. It showed for the entire region how a matured India handled diplomatic relations, especially with a smaller and suspicious neighbour, with practised dignity and patience, unruffled by provocations in word, deed and action, observes N Sathiya Moorthy.
When AI is used to enhance operational efficiency, businesses can deliver the same product or service but with improved quality, faster, or even at a reduced cost
With the situation in Ladakh tense and no resolution in sight the trigger to take the India-US relationship to a transformational one is already there, observes Lieutenant General Syed Ata Hasnain (retd).
The US on Wednesday favoured a thorough investigation into killing of a Khalistani separatist in Canada in June, two days after Canadian Prime Minister Justin Trudeau's allegations of a "potential" involvement of Indian government agents in the case kicked up a major diplomatic row between New Delhi and Ottawa.
With an aim of roping in a strategic partner for its Haryana SEZ project, corporate giant Reliance Industries is believed to be in talks with IL&FS and a couple of other players for part-sale of its stake.
India, a nascent great power, is an indispensable partner of the United States and a potential counterweight to China, a Congressional report has said ahead of the visit of US President Barack Obama to India. "Long considered a strategic backwater from Washington's perspective, South Asia emerged in the 21st century as increasingly vital to core US foreign policy interests.
Amid current geopolitical challenges and a slowdown in global growth, veteran emerging market investor Mark Mobius called India a safe haven for investors, backed by a stable government. The renowned investor, who is excited about the opportunities available in India, said the country is now the second largest in the portfolio of Mobius Capital Partners after Taiwan. Calling India a "land of opportunities and innovation", he said that his optimism about India is driven by the stable government and young demographic, with an average age of 27 years.
'In India, the GenAI startup ecosystem is unfolding with remarkable speed, signalling a new era of technological advancement and investment opportunities.'
The US side is yet to respond to the invitation but initial indication has been positive, it is learnt.
From setting up cutting-edge facilities to cater to the domestic market and building capabilities of global standards, the action is building up.
An internal document shows Dassault Aviation considered Reliance offset deal as a 'trade off' to clinch Rafale deal'.
The FBI said that its Legal Attache' office in Israel was actively working with partners on the ground to locate and identify US citizens afftected by the terror attacks.
The business will also see a change of guard. Shailesh Chandra, president of EV and corporate strategy, will replace Mayank Pareek as president of PV business, including EV, with effect from April 1. Pareek will be superannuating from the company after a six-year stint at the end of February 2021. Chandra and Pareek will work on transition over the next few weeks.
'In the long run, I don't foresee major ramifications [about Trudeau's allegations].' 'There's just enough hypocrisy among Western nations for India to douse the outrage.'
India and Malaysia on Saturday agreed to strengthen their strategic partnership for mounting an effective response to common challenges of terrorism and extremism during the talks Prime Minister Narendra Modi had with his Malayasian counterpart Najib Razak.
