Vodafone Idea's (Vi's) search for a lifeline has turned longer and tougher even as it continues to lose customers and delay vendor payments. Vi's much-needed Rs 1,600-crore fundraising plan got stuck due to the government's silence on picking up a proposed 33 per cent equity in the financially stressed telco. The development spells further trouble for the company, which has an overall debt pile of Rs 2.2 trillion, including hefty dues to the government.
Dominic Xavier offers his take on Raj Thackeray's latest political ploy and wonders if this Thackeray versus Thackeray skit will help the BJP finally achieve its goal of ejecting the Maha Vikas Aghadi government from a state that has largely been insulated from the communal disharmony sweeping across parts of north India.
Modi stressed his government has created a 'security cover' to ensure good heath of children and mothers during the past 55 month of his rule.
'Mumbai's corroding infrastructure, Delhi's pollution, Bangalore's rain water drainage, Kolkata's electricity -- these are all real and serious life threatening situations.'
Gold jewellery demand in India is likely to decline in the second and third quarters of this fiscal due to hike in import duty, high volatility in prices and inflationary pressure, according to a report. While demand is likely to contract by 8 per cent year-on-year in the second quarter of FY23, the decline is expected to be higher at 15 per cent in the third quarter due to the exceptionally high base in the same period of FY22, Icra said in a report. According to the report, the exceptional third quarter performance in FY22 was due to the post-Covid reopening of the economy and the substantially high demand in the wedding and festive seasons.
These are golden lessons learned from our elders over the years, says Sumit Rajwade.
With Eid festival and Akshaya Tritiya likely to fall on the same day next month and many other festivals lined up in the coming days, Adityanath said the police needs to be extra cautious.
With the Indian teams doing well so far, they can run into one another in the competition.
Uttar Pradesh Chief Minister Yogi Adityanath on Monday cancelled the leaves of all police and administrative officials in the state till May 4 and asked all those on leave to report within 24 hours.
AkshayaPatra's vision is that no child shall be deprived of education because of hunger. It's hard to imagine isn't it? But that is what Akshaya Patra is trying to achieve.
Verification of 733 persons under the four categories of bedridden, mentally challenged, physically handicapped and those suffering from cancer has been completed, Kasaragod collector said.
The third (Tritiya) day of the Hindu calendar's Vaishaka month which falls in late April or early May every year is called Akshaya Tritiya.
Gold is usually seen as a safe-haven when stocks are falling or when inflation is rising. With prices of the yellow metal hovering near record highs, people are also putting off their jewellery purchases. Along with a subdued marriage season, the orders with price open and settled on delivery day, too, are getting cancelled. Apart from high, volatile prices, there is no gold rush yet for the safe-haven asset, crimping demand.
If you want to celebrate the festival, buy only a little as token.
Bhubaneswar-based Akshaya Rautaray and Satabdi Mishra are on a mission to promote reading.
Mumbai-based animal communicator Akshaya Kawle shares some exciting stories and learnings from her professional journey.
Mumbai-based animal communicator Akshaya Kawle shares some exciting stories and learnings from her professional journey.
R Praggnanandhaa emerged as unconquered king in the World Youth Chess Championship, in Mumbai, claiming the gold in the Under-18 Open category on Saturday.
The process of opening the doors of Kedar Dham began at 3 am. Shiva Shankar Linga, the chief priest of the shrine, carried out the tradition of opening the doors. The first 'pooja' was performed in the name of the Prime Minister Narendra Modi, said a statement.
During the daily media briefing, Lav Agarwal, Joint Secretary, Union Health and Family Welfare Ministry, said that 16 districts in the country, which earlier had cases, have not reported any fresh cases for the last 28 days.
PepsiCo Chairman and Chief Executive Officer Indra K Nooyi, who hardly takes time off for social events, could not resist helping the latest fundraiser by Akshaya Patra, a non-profit organisation providing hot, nutritious mid day meal for 1.2 underprivileged children in India.
The white metal had hit a record level of Rs 74,300 on April 25.
A team of 50 people led by celebrity chef Sanjeev Kapoor and NGO Akshaya Patra supervised the night-long preparations and yoga guru Ramdev put crowning tadka in the dish at the World India Food event that will conclude on Sunday.
The Bombay Stock Exchange on Thursday said it will keep a special window open for trading in gold ETFs (exchange traded funds) on 'Akshaya Tritiya' day on May 16.
The government has sold SGBs worth Rs 1,990 crore in April and May alone.
India's gold demand increased by 19.2 per cent to 76.1 tonne during the April-June quarter this year, largely due to low base effect, owing to the nationwide lockdown that hit economic activity last year, the World Gold Council (WGC) said in a report. The overall gold demand during the second quarter of 2020 calendar year stood at 63.8 tonnes, according to the WGC's 'Gold Demand Trends Q2 2021' report. In value terms, India's gold demand witnessed 23 per cent growth during April-June quarter at Rs 32,810 crore, compared to Rs 26,600 crore during the corresponding period of 2020.
India's gold demand recovered during the January-March period to witness a growth of 37 per cent at 140 tonne compared to the same quarter of 2020, due to ease of COVID-related restrictions, pent up demand and softening of prices of the yellow metal, according to the World Gold Council (WGC). The overall gold demand stood at 102 tonne during the first quarter of 2020, as per WGC data. Gold demand in value terms increased by 57 per cent during the first quarter of this calendar year to Rs 58,800 crore compared to Rs 37,580 crore in the corresponding period of 2020.
'If we chose to do the right things, it is possible to avoid job losses at a mass scale,' ABB MD Sanjeev Sharma tells Raghu Krishnan.
Vodafone-Idea (Vi) has said the key hurdle it faces in raising fresh funding, despite interest from investors, is the 'pricing situation' which is also the reason why it has asked the Department of Telecommunica-tions (DoT) for another extension of the moratorium on payment of spectrum instalment by one more year. Responding to a question during an analysts' call on Friday after its quarterly results on the reason for the delay in fund-raising nine months after it was announced, CEO & MD Ravinder Takkar said: "We are in discussions with investors. There is continued interest in investing in the telecom sector in the country. "The biggest hurdle is that the overall industry is under stress because of the pricing situation." He said that once tariffs go up, it will create a significant amount of confidence.
One army trooper was killed and another wounded in a powerful blast in the Balnoi sector of Poonch district, Kashmir on Saturday, a defence spokesman said.
Late Sultan Qaboos bin Said Al Said of Oman was awarded the prestigious prize for the year 2019 in recognition of his vision to strengthen relations with India, and his efforts to promote peace and non-violence in the Gulf region, the ministry said.
The month of March could be worst in many years, with imports estimated only around 18 tonnes amid the coronavirus pandemic and the nationwide lockdown, said an industry player. The import in March 2019 was 72.5 tonnes, according to the GFMS data.
'Running a start-up is hard.' 'We almost always will have obstacles.' 'There are two ways to tackle it.' 'We can either take them head on or let them hold you back.'
The biggest gold buying festivals are Akshaya Tritiya and Dhanteras.
For years it has been evident that fibre and DTH would give tough competition to cable in India where regulatory overload has mutilated an already warped industry structure. OTT added fuel to the fire. From Rs 27,000 crore in 2010, cable's share of subscription revenues is now estimated at Rs 13,000 crore.
Murthy met Delhi Chief Minister Arvind Kejriwal last week.
A limited edition Sachin Tendulkar gold coins, with the senior cricketer's face and signature embossed on them, were launched in Mumbai on Monday on the auspicious day of 'Akshaya Tritiya'.
The gifted mogri even bears the caption 'sharabiyon ke sutara hetu bhent, police nahi bolegi' (gift for beating drunkards, police will not intervene).
India-born Gururaj Deshpande, chairman of Tejas Networks, A123 and Akshaya Patra, has been appointed co-chairman of United States President Barack Obama's National Advisory Council on Innovation and Entrepreneurship. He will support Obama's innovation strategy by helping develop policies that foster entrepreneurship, create jobs and drive economic growth.
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