Sunil Bharti Mittal-led conglomerate Bharti Enterprises and private equity firm Warburg Pincus will collectively acquire a 49 per cent stake in Haier Appliances India, the local unit of China's Shandong-based Haier group, for an undisclosed amount. The transaction, according to industry sources, values the company at about 15,000 crore.
Markets regulator Sebi on Wednesday barred former CEO of IndusInd Bank, Sumant Kathpalia, and four other senior officials from accessing the securities markets in connection with an alleged insider trading in the bank's shares. In addition to the market ban, Sebi has impounded Rs 19.78 crore collectively from the five individuals, according to an interim order passed by the regulator.
'As the team builds, each of them will bring in a different perspective, new thinking.'
What appeared to be a generous act of friendship was, in truth, a manoeuvre within a much larger strategic game. The United States used the 1962 war not just to aid India but to test how far it could be pulled into the Western fold, points out Dr Kumar.
'What must the Indian Air Force pilots -- who destroyed terror bases in Pakistan using BrahMos missiles' -- be thinking?'
'Archaeological sites like Keeladi, having remained buried for 2,500 years, have come out and speak now.'
'Engaging with Pakistan at this stage sends out a message that undermines the sentiments of the people of India who stand firmly against any compromise on national security.'
'There is responsibility to make great games that are played by audiences, that fill the gap from an entertainment perspective.'
'Operation Sindoor is still ongoing. The Prime Minister himself said that blood and water cannot flow together, that talks and terrorism cannot go together. So how can we have a cricket match with a country that indulges in terrorism?'
India shouldn't play Pakistan even at ICC events till terrorism ends: Gambhir
Bhutto, who served as the Foreign Minister earlier, addressed a briefing at the UN Headquarters in New York and sought reconciliation with India, making a plea for talks and Intel sharing between the two neighbours.
Days after the Pahalgam terror attack, Jammu and Kashmir authorities have deported 59 Pakistani nationals, including the mother of Shaurya Chakra awardee Constable Mudasir Ahmad Sheikh. The Pakistani nationals were living in the valley for decades and were transported to Punjab for repatriation. However, the mother of the deceased soldier was later allowed to stay back. The deportation comes after the Indian government announced a slew of measures against Pakistan in the wake of the Pahalgam attack, including the suspension of the Indus Waters Treaty and the downgrading of diplomatic relations.
An IIT Delhi professor has been booked for alleged negligence following the death of a PhD student during excavation work near the archaeological site of Lothal in Gujarat. The incident occurred in November 2024 when the student, Surabhi Verma, died after a 10-foot deep excavation pit collapsed on her while she and her professor, Yama Dixit, were collecting soil samples. The FIR was registered based on a complaint by the student's father, alleging that Dixit's negligence led to Verma's death. Dixit has been charged with causing death by negligence and endangering life. The investigation revealed that the team was unaware of the high water level beneath the visible dry soil, and had not informed police or local authorities before starting the excavation.
'It was inspired by the Hamas attack and was like their attack -- well planned and well executed.'
The tour of the Pakistani side was originally scheduled in October 2018 but was postponed because of local bodies elections in Jammu and Kashmir.
'We wouldn't have had to face all this had our national leaders taken care to select a place for Sindhis and sent us there, instead of sending us all over to settle in places where the locals didn't want us.' 'They could have partitioned Sindh and given us a Sindhi state from its two Hindu-majority districts.' 'Wasn't that the logic of Partition?'
While New Jersey, US-based OrbitBeyond leads a consortium of subcontractors who have designed and developed hardware for deep space missions, Bengaluru-based Team Indus is leading OrbitBeyond's lander engineering, reports T E Narasimhan.
One spacecraft will be Indian Space Research Organisation's own Chandrayaan-2, while the other will be from India's first private moonshot Team Indus which is competing in the Google LunarXPrize challenge.
While Team Indus had backing from Nandan Nilekani, Ratan Tata and Flipkart founders Sachin and Binny Bansal, it could not even muster half of the Rs 4.5 billion it required for the mission to the moon.
Some time before December 31, 2017, Bengaluru based Team Indus aims to land a vehicle on the moon.
Contributors to Team Indus project will have names etched on an object going to space.
Insurance sector regulator IRDAI has given conditional approval to Hinduja Group firm IndusInd International Holdings Ltd (IIHL) for the takeover of debt-ridden Reliance Capital. "We are happy to acknowledge the receipt of approval from IRDAI yesterday (May 10, 2024) on the auspicious occasion of Akshay Tritiya. "The approval is subject to certain 'regulatory, statutory, and judicial' clearances/compliances," an IIHL spokesperson said in a statement.
Scientists have found that much of the Indus civilisation thrived around an extinct river, challenging ideas about how urbanisation in ancient cultures evolved.
The talks will be the first official engagement between India and Pakistan since Khan became prime minister on August 18.
In a few months, private sector lender IndusInd Bank may have a new identity. The move was in line with the repositioning exercise initiated by the new management team led by Managing Director and Chief Executive Officer Romesh Sobti.
Mumbai's Church of St John the Evangelist or Afghan Church looks today as good as it did 158 years ago.
In a move to strengthen governance in private sector banks and wholly-owned subsidiaries of foreign banks, the Reserve Bank of India (RBI) on Wednesday directed them to have at least two wholetime directors. Lenders that do not meet the requirement will have to submit the names for the RBI's approval within four months. Banks need prior approval from the banking regulator for the appointment of wholetime directors.
Because of the treaty, no big dams or power projects can be built by India on Jhelum, Indus or Chenab.
The India-US strategic partnership is characterised by mutual trust and both sides are increasingly in agreement on key issues, such as countering China's aggression, promoting a free and open Indo-Pacific and addressing regional security challenges, Defence Minister Rajnath Singh said on Friday.
Walmart-owned fintech firm PhonePe said it has crossed 500 million lifetime registered users on its platform. With this milestone, 1 in 3 Indians are now on PhonePe. The company said it is the first Indian internet company to have reached this scale globally. This milestone has been achieved in just over 7 years since the PhonePe UPI (Unified Payments Interface) payments launched in August 2016.
While industry is upbeat, start-ups in the space sector are finding it difficult to cater to the demand due to a lack of funding, issues related to policy like foreign funding, intellectual property, etc, and a lack of support in testing.
Since signing of the treaty, a total of 118 such tours on both the sides have been undertaken.
External Affairs Minister S Jaishankar has met United States Defence Secretary Lloyd Austin and held a productive conversation with him on deepening bilateral defence cooperation, including in the co-production of defence articles, and exchanged perspectives on a variety of security issues.
India is set to press for early disengagement of troops from the remaining friction points in eastern Ladakh at a fresh round of high-level military talks with China on August 14, people familiar with the matter said on Saturday.
The three-day meeting between the two commissioners of PCIW completed discussions on all agenda items on Wednesday.
Heatwaves with higher humidity levels can be more perilous because the air cannot efficiently absorb excess moisture. This limitation restricts the human body's ability to evaporate sweat and affects the moisture content of certain infrastructure like evaporative coolers.
Vikas Swarup says India unlikely to give Pathankot-like offer to Pak in Uri attack probe.
Rapidly changing geo-political scenarios such as the ongoing Russia-Ukraine war have made a significant impact on cybersecurity. Despite their best efforts, cybersecurity teams of enterprises may not be able to plug all vulnerabilities, according to a report by Indusface, a software-as-a-service security firm.
The Mubble app helps users track and control their mobile data usage and telecom spends.
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