Reliance-Disney skips bidding
Five firms, including ACC Ltd, HDFC Asset Management Company and FSN E-Commerce Ventures that runs Nykaa, will be dropped from Nifty Next 50 index from September 29. NSE Indices Ltd, an arm of the National Stock Exchange, on Thursday said that Indus Towers and Page Industries will also be dropped from the index. Punjab National Bank, Trent, Sriram Finance, TVS Motor Company, and Zydus Lifesciences will be included in the Nifty Next 50 index, NSE Indices said in a statement.
An anti-graft panel in Bangladesh has launched an investigation against former prime minister Sheikh Hasina and her family in connection with the allegations of embezzling $5 billion in the Rooppur nuclear power plant, according to a media report.
Reliance Industries Limited has been granted approval to set up a battery manufacturing facility for up to 10 GW under the Rs 3,620 crore-Production Linked Incentives (PLI) scheme for ACC Battery Storage, the government said on Wednesday. The Ministry of Heavy Industries had received bids from seven bidders under global tender for Production Linked Incentives (PLI) scheme for 10 GWh Advanced Chemistry Cell (ACC) manufacturing, with a maximum budgetary outlay of Rs 3,620 crore, announced on January 24, 2024.
Adani Group on Friday launched its Rs 31,000-crore open offer to acquire 26 per cent additional stake from the public shareholders of Swiss firm Holcim's two Indian listed entities ACC Ltd and Ambuja Cements. In May this year, the Adani Group had announced that it had clinched a deal to acquire a controlling stake in Holcim Ltd's businesses in India for $10.5 billion. Markets regulator Sebi granted approval for the open offer last week.
The Africa Cricket Association (ACA) has started dialogue with the Asian Cricket Council (ACC) and other stakeholders to revive the once popular Afro-Asia Cup
Investors became richer by nearly Rs 8 lakh crore on Wednesday as benchmark BSE Sensex surged by 740 points amid value buying in utilities and power shares and a strong trend in global markets. The 30-share BSE Sensex surged by 740.30 points or 1.01 per cent to close at 73,730.23.
G Trisha made a fine unbeaten fifty to guide India to a facile eight-wicket win over Bangladesh in their first Super Four match of the Women's Under-19 T20 Asia Cup on Thursday.
Buying stocks during a dip, says Amar Nandu, research analyst, Samco Securities, can lead to higher compounding returns when the uptrend begins.
'Is he trying to rile up the crowd?'
Shastri, speaking to Sanjana Ganesan on The ICC Review, suggested there's more to it than meets the eye.
Adani group stocks rallied on Thursday morning after Hindenburg Research, a US investment research firm known for short-selling, and whose reports resulted in wiping out billions of dollars of Indian billionaire Gautam Adani and his companies, has been shut down. Shares of Adani Power surged 9.21 per cent, Adani Green Energy soared 8.86 per cent, Adani Enterprises climbed 7.72 per cent, Adani Total Gas jumped 7.10 per cent, NDTV rallied 7 per cent and Adani Energy Solutions advanced 6.63 per cent on the BSE.
Billionaire Gautam Adani's son Karan will helm the cement firms his group has acquired to become India's second largest cement player and extend his burgeoning empire that spans from ports and energy to airports and telecom.
The Junior Cricket Committee has picked India A squad for the upcoming ACC Men's Emerging Teams Asia Cup 2023 to be played from July 13th to 23rd in Colombo, Sri Lanka.
The possible acquisition of Holcim India business will be one of the biggest inbound corporate deals in the country. Currently, Walmart Inc.'s $16-billion acquisition of Flipkart Online Services in 2018 remains the biggest acquisition of an Indian asset by any acquirer, followed by BP plc acquisition of 30 per cent stake in Reliance Industries' 23 oil and gas production blocks in 2011 for $7.2 billion. Bloomberg reported late on Wednesday night that Holcim - the world's biggest cement maker - is considering a potential sale of its India business and gauging interest in its controlling stake in Ambuja Cement.
India will host the next edition of the men's Asia Cup cricket tournament in the T20 format in 2025 as a pre-cursor to the T20 World Cup scheduled in the country in 2026.
The open offers for the shareholders of Ambuja Cements and ACC will begin from July 6 and close on July 19, as per a tentative schedule published by the Adani family today. With an investment of $4 billion (Rs 31,139 crore), together these two open offers might constitute the biggest open offer in corporate Indian history. The mandatory open offer for the companies was made by a Mauritius based company owned by the Adani family after they acquired a 63 per cent stake in Ambuja and 4.5 per cent in ACC from Swiss cement major, Holcim for $6.5 billion. Ambuja owns a 50 per cent stake in ACC.
Vaibhav Suryavanshi lived up to the hype around his rare talent as India outclassed United Arab Emirates (UAE) by 10 wickets
Dushan Hemantha's four-wicket haul and Ahan Wickramasinghe's sensational fifty sealed Sri Lanka A spot in the final and brought an end to defending champions Pakistan A campaign to its unforeseen conclusion in the first semi-final match of the ACC Men's T20 Emerging Teams Asia Cup 2024.
All-around India A defeat Pakistan A by 7 runs in ACC Emerging Teams Asia Cup
Skipper Chamari Athapaththu's diligent fifty propelled Sri Lanka to a thrilling three-wicket win over Pakistan in the second semifinal of the women's Asia Cup in Dambulla, Sri Lanka on Friday
The Pakistan cricket board (PCB) will not stage matches of the 2025 Champions Trophy outside the country if India do not travel for the tournament, chairman Mohsin Naqvi said.
Adani group stocks faced heavy drubbing during the early trade on Thursday, with Adani Energy and Adani Enterprises tumbling 20 per cent, as billionaire Gautam Adani has been charged by US prosecutors over his role in an alleged years-long scheme to pay $250 million bribe to Indian officials in exchange for favourable terms for solar power contracts. The stock of the group's flagship firm Adani Enterprises plunged 20 per cent, Adani Energy Solutions tanked 20 per cent, Adani Green Energy plummeted 19.17 per cent, Adani Total Gas tumbled 18.14 per cent, Adani Power slumped 17.79 per cent, and Adani Ports dived 15 per cent on the BSE.
Ayush Badoni showed his wide repertoire of strokes as India cantered to a six-wicket victory over Oman
Pakistan were bundled out for a below-par 108 after opting to bat first. India then chased down the target with as many as 35 balls to spare.
Sri Lanka pacers Matheesha Pathirana and Dilshan Madushanka will miss August's three-match One-Day International (ODI) series against India due to injuries
Haryana seamer Anshul Kamboj is only the third bowler in the history of Ranji Trophy to take all 10 wickets in an innings.
Lucknow Super Giants (LSG) on Thursday announced that they have retained Nicholas Pooran, Mayank Yadav and Ravi Bishnoi alongside uncapped stars Mohsin Khan and Ayush Badoni ahead of the Indian Premier League (IPL) 2025 season.
At least 13 candidates are in the race for the position of managing director and chief executive officer (MD & CEO) of Punjab National Bank (PNB), the second-largest public sector bank (PSB), according to multiple sources familiar with the matter. "Among the candidates, some are executive directors (EDs) and managing directors in major PSBs. "Financial Services Institutions Bureau (FSIB) will conduct the interviews next month," said a source.
India's largest cement firm, Ultratech Cement, has joined the race to acquire the Holcim stake in Ambuja Cements and its subsidiary, ACC. UltraTech - part of the Aditya Birla Group - submitted a non-binding bid on Wednesday. Swiss multinational Holcim, which manufactures building material, is exiting India by selling its 63.19% stake in Ambuja Cements. According to banking sources, UltraTech has submitted a plan to Holcim, outlining divestiture details that would meet the norms set by anti-trust body Competition Commission of India.
Smriti Mandhana, who has 738 rating points, is the top-ranked Indian batter in the 50-over format while skipper Harmanpreet Kaur retained her ninth position.
None of Adani group portfolio companies, comprising 11 listed firms, have been accused of any wrongdoing, conglomerate's CFO Jugeshinder Robbie Singh said on founder and chairman Gautam Adani's indictment on bribery charges in the US. In a post on X, Singh said the group would make a detailed comment on the US indictment once it gets counsel approvals.
He will succeed incumbent Rajiv Gauba, who completes his unprecedented five-year term in the top bureaucratic post this month-end.
Bangladesh's ousted Prime Minister Sheikh Hasina has launched a scathing attack on the interim administration, accusing Chief Adviser Muhammad Yunus of running a "fascist regime" that persecutes minorities and allows terrorists to operate freely. Hasina, who is currently in India, made the remarks in a virtual address to overseas Awami League supporters, vowing to bring Yunus and his allies to justice for alleged atrocities. Her comments come ahead of a visit by India's Foreign Secretary to Dhaka, where he is expected to raise concerns about the safety of minorities in Bangladesh.
Indians mounted daring escapes during World War II too. But they are forgotten.
'Cricket has been included in the 2028 Olympic Games as well. So the organising committee is very keen on including that in the 2026 Asian Games as well.'
After subdued earnings in the first half amid global headwinds, India Inc is taking a cautious approach on their capital expenditure (capex) for the second half of the financial year ending March 2025, according to management commentary. Minutes from the October monetary policy meeting show the Reserve Bank of India's (RBI's) optimism about private investments picking up.
India need victory big enough to boost its net run-rate (NRR) when they face Sri Lanka on Wednesday.
The December meeting of the Reserve Bank of India's (RBI's) six-member Monetary Policy Committee (MPC) will start on Wednesday even as there is no clarity on whether Governor Shaktikanta Das, the chair of the panel, will continue in office after his term ends next week. The outcome of the meeting will be announced on Friday by Das at 10 in the morning.
Associated Cement Companies Ltd decided to divest a 19.56 per cent stake in Bridgestone ACC India Ltd.
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