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.
Singapore retains the title of the world's most expensive city.
7 key areas that the Budget must address to re-energise the infrastructure sector, suggests Vinayak Chatterjee.
'Who would think of making a bank of poor women? She had vision and boldness.'
After his wide-ranging talks with Modi on the second and final day of his India visit, Johnson said the new defence and security partnership will enable India to strengthen its domestic defence industry as well as help the two countries protect vital shared interests in the Indo-Pacific.
The fault line between the West and Russia has widened into a deep chasm and this is likely to endure in the foreseeable future. Far from forcing its way into the European tent, Russia may be reduced to the status of an even more sullen and weakened bystander on its periphery. The US appears to have won this hand with little cost to itself, observes former foreign secretary Shyam Saran.
Al Qaeda 'had been preparing to spread its ideology to India', says Bruce Hoffman, Director Center for Security Studies at Georgetown University.
As if wanting to be an antidote to the coronavirus pandemic, the Indian stock market adorned carnival robes in 2021 with a tsunami of liquidity unleashed by global central banks coupled with supportive domestic policies and the world's largest vaccination drive sparking off a world-beating rally on Dalal Street, despite bouts of uneasiness over fizzy valuations. While the wider economy shuttled between recovery and relapse, dictated by multiple mutations of the virus, equity market benchmarks appeared headed in just one direction -- skywards. The dizzying upward journey has added a whopping Rs 72 lakh crore during 2021 to investors' wealth, measured as the cumulative value of all listed shares in the country, taking it to nearly Rs 260 lakh crore.
As the industrial era wanes, the network era looms, notes Ajit Balakrishnan.
Prime Minister Narendra Modi on Tuesday said Australia will not be at the periphery of India's vision but at the centre of its thought, as he called for closer bilateral security cooperation and a comprehensive global strategy to tackle the menace of terrorism.
The US has released a London-based Saudi national, the last British resident to be incarcerated in Guantanamo Bay, after nearly 14 years in detention at the infamous military prison in Cuba without being tried for any terror-related offence.
These images from across the globe tell that it is a crazy world out there.
Australian Nick Kyrgios produced another extraordinary performance to demolish compatriot Alex de Minaur 6-2, 6-3 at the Canadian Masters on Thursday, a day after stunning world number one Daniil Medvedev.
The markets gained nearly 7 per cent in the 4 trading sessions of March.
Some believe that, as prime minister, Sunak will be particularly friendly to India and that he would return the Kohinoor and do similar gestures to his motherland. Such wishful thinking is not likely to materialise as he will act in the best interests of the UK and will not even appear to favour India, argues Ambassador T P Sreenivasan.
A looming global shortage of diesel in Europe presents India with more than one opportunity to profit from strong margins. A shortage of the fuel, a key contributor to inflation, has been exacerbated by the conflict in Ukraine, and western sanctions on Russian fuel supplies. The slowdown in natural gas supply means the West needs diesel to heat their homes this winter.
The panel will also recommend a fiscal consolidation road map for the central and state governments, study the impact of GST on the divisible pool, and propose performance-based incentives for states.
The prime minister is participating in the G20 Summit in Rome from October 30- 31 at the invitation of Italian Prime Minister Mario Draghi.
'We lost our place in being first in the epidemic, when it hit India so hard, but we were actually the epicentre of the epidemic from essentially April 2020, for almost an entire year. We had such high cases. We were the country that had the most mixed response.'
India Inc very keen to do business in Gujarat.
magistrate that he had assembled the explosives and had "guided" the members of the terror outfit while planting bombs at Hyderabad's Dilsukhnagar area in February last year.
Prime Minister Narendra Modi on Saturday interacted with world leaders, including US President Joe Biden, on the sidelines of the G20 Summit, exchanging pleasantries and showcasing a spirit of camaraderie.
'J'One of the reasons Jim Comey was fired was because he wouldn't pledge loyalty to Trump, which meant that whatever Trump is hiding would be dismissed or the investigations will be stopped.'
Nirmala Sitharaman's messaging was clear when she presented a well-balanced Budget with an eye on state elections in nine states followed by a general election next year, observes Ramesh Menon.
India's economic image is not affected due to Adani Group's recent decision to pull out Rs 20,000 crore FPO (follow-on public offers) amid allegations of financial wrongdoings, Finance Minister Nirmala Sitharaman said on Saturday.
Chief economic advisor Arvind Subramanian discusses the Budget, goods and services tax, Centre-state relationship and larger issues facing the economy
The Parliamentary Standing Committee on Commerce has observed that a massive shortfall in the budgetary allocation of over Rs 1,900 crore by the finance ministry to the industry department may have an adverse impact on the implementation of infrastructure (infra) projects in 2022-23 (FY23). While the Department for Promotion of Industry and Internal Trade (DPIIT) had sought Rs 10,267 crore from the finance ministry for FY23, it received Rs 8,348-crore allocation. For the National Industrial Corridor Development & Implementation Trust (NICDIT), the finance ministry has allocated Rs 1,500 crore instead of Rs 2,400 crore demanded for the project.
Police staffing is so stretched in several Russian cities as officers are deployed to bolster security at soccer World Cup venues that one union leader says criminals could benefit.
'Both the Centre and the states cannot say that they have been taking good care of public health.'
Hong Kong is the world's freest economy according to the Index of Economic Freedom 2015.
The economies of Australia and New Zealand benefited from A$1.1 billion ($843.59 million) in direct spending as a result of co-hosting the cricket World Cup earlier this year, according to a report released on Tuesday.
He wants Jaitley to give investors more clarity on policies
The PM was also seen chit-chatting with Japanese Prime Minister Shinzo Abe, Russian Prime Minister Dmitry Medvedev and Malaysian Prime Minister Najib Razak at the reception for the leaders who have arrived in Manila for the 31st ASEAN summit and related meetings.
So far the government has been silent on the charges being levelled, even after the stock price rout. Perhaps it is hoping for the share price to settle so that the matter goes away, predicts Aakar Patel.
Listing out the achievements of his government, he said the country has moved away from a culture of delaying work through 'atkana, latkana and bhatkana' (obstructing, delaying and misguiding).
Five-time World champion Viswanathan Anand suffered a shocking defeat at the hands of Canadian Grandmaster Anton Kovalyov to leave the Indian on the verge of an early exit at the FIDE Chess World Cup in Tbilisi, Georgia.
'Wherever in the world there is political instability, those countries are beset with severe crises today. But India is in a much better position than the rest of the world due to the decisions taken by my government in the national interest,' President Droupadi Murmu said in her address to both Houses of Parliament.
'That is the one headline the world is reading about India this week, and it is a potentially damaging story...' 'I don't think a panic mentality has set in, but this story is one that investors and market watchers are absolutely seized with.'
A report by parliamentary standing committee on commerce noted that Indian industry was getting decimated by China dumping its cheap products in India.
"Instead of talking about war, we must increase trade many fold, we should have common goals for space, energy and food security. India and China should protect the supply chain. Like securing Malacca Straits from pirates on the high seas. Both countries should jointly find ways to use high technology for poverty reduction. And evolve a consensus on environment and terrorism-related issues."
