The Adani group is in advanced talks with top sovereign funds based in West Asia to raise up to $2.6 billion for its airport expansion and green hydrogen projects. The group, which expects to close the ongoing financial year ending March with Rs 80,000 crore of Ebitda (earnings before interest, tax, depreciation, and amortisation), has held a series of road shows in London, Dubai, and Singapore with potential investors, briefing them about their future growth plans. The group's flagship, Adani Enterprises, may dilute part of its stake in the airport-holding firm and/or the green hydrogen business to these funds, which are keen to invest in the Indian infrastructure sector, said a source close to the development.
China said that "sound and stable ties" serve the common interests of China and India.
Equity fundraising through initial public offerings (IPOs) rose 20 per cent during the financial year 2023-24 (FY24). During the period, 76 Indian corporates raised Rs 61,915 crore through main board IPOs, compared to Rs 52,116 crore mobilised by 37 IPOs in 2022-23, as disclosed by PRIME Database. However, if one excludes the mega Life Insurance Corporation (LIC) IPO, which came out in 2022-23, IPO mobilisation increased by 58 per cent from last year.
As part of the reshuffle, James Murdoch will step down as chief executive of British Sky Broadcasting, and replace his father as non-executive chairman of the UK satellite broadcaster.
'They will continue to keep pricking at places where both of us are sensitive and keep the LAC alive.'
The National Company Law Tribunal (NCLT) on Tuesday admitted a fresh petition filed by a Zee Entertainment Enterprises Ltd shareholder seeking enforcement of the now-cancelled merger deal between ZEEL and Sony. The Mumbai bench of NCLT also directed Sony Pictures Network India, now known as Culver Max, to file a reply within three weeks and fixed the next date of hearing on March 12. On January 21, Sony Group Corp (SGC), the Japanese parent company of Sony Picture Network India (SPNI) and BEPL, announced the termination of the $10 billion merger agreement with ZEEL, while seeking $90 million for breach of conditions besides initiating arbitration.
Suzuki Gixxer, Yamaha FZ-S and Honda CB Hornet 160R, beware! Here comes the Hunk.
For the past 15 days, workers at the Hero factory have been wearing black arm-bands and abstaining from tea within the premises.
Suspected terrorists fired upon a convoy of vehicles carrying security personnel in the Poonch district of Jammu and Kashmir on Friday evening, prompting security forces to launch a search operation, officials said.
Hero promoters, the Munjals, have an agreement for sourcing technology and two-wheeler models from Honda till 2014.
Whether Rajeev Chandrasekhar wins or not, Thiruvananthapuram will likely never see such an interesting contest again.
The first batch of 100 Agniveer women personnel undergo training at the Corps of Military Police in Bengaluru.
India on Monday pressed for early disengagement of troops in remaining friction points in eastern Ladakh during a fresh round of high-level military talks with China, people familiar with the matter said.
The key meeting was held in Beijing on March 27, the MEA said in a statement.
It was a replay of the annual general meetings of the cable companies of the M P Birla group last month even as the Birla side raised "illegalities" in the latest poll results.
Security and defence experts have called for immediate strengthening of the security management and intelligence network along the Line of Control (LoC) in Jammu region, which witnessed the killing of 59 people, including 24 security personnel and 28 terrorists, in terror incidents this year.
'Gujarat is the frontrunner at present.'
'However, Tamil Nadu's robust automobile ecosystem and Telangana's aggressive incentives make them strong contenders.'
This is the fourth incident since the commencement of the conflict in Manipur wherein soldiers while on leave, on duty or their relatives have been targeted for nefarious interests by inimical elements.
Idan Amedi, 35, was fighting as an IDF reservist. He was airlifted to a hospital on Monday where he was sedated and received treatment.
A new entrant, whether a popular actor or not, has not been able to sweep the polls, as their fans had hoped for. Given a proven pattern, it should hold true for Vijay as well. Or, something drastically has to happen between now and 2026, asserts N Sathiya Moorthy.
'The Kuki-Zo are aware of this rich resource in their areas and feel the Meitei push for ST status is because of this reason'.
Apparel company S Kumars Nationwide and its overseas partner Emerisque Brands have emerged as potential bidders to take over Hartmarx Corp, the city-based maker of President Barack Obama's suits.
The new four-wheeler (4W) electric vehicle (EV) policy may spur the entry of global majors. The manufacturing policy cuts Customs duty to 15 per cent, given a minimum investment commitment. It calls for a minimum investment of Rs 4,150 crore (about $500 million) for making electric four wheelers (e-4Ws), with manufacturing to commence within three years of approval.
Bose Corporation India Private Ltd, subsidiary of leading audio systems manufacturer Bose Corporation of US, would double the number of its retail outlets in the next 18 to 24 months as part of its plans on retailing its products in India through its
Indian two-wheeler giant Hero MotoCorp Limited (HMCL) was on Monday named the title sponsor for the men's and women's hockey London Olympic qualification tournament, the first of which will be held in Delhi from February 18 to 26. The qualifiers, titled 'Hero FIH Road to London', will be played at the Major Dhyanchand Hockey National Stadium.
Mehta said some bushes were there on the ground which have been cleared and some branches were trimmed so that vehicles could pass on an approach road there.
On December 16 last year, Hero Honda informed the stock markets that the partnership was over and Honda would soon exit the company.
The last meeting between the two sides at the Corps Commander level was held in December last year.
Raheja's IT SEZ planned at Verna industrial estate had faced stern opposition from the locals and the state government even after it was notified by the Union commerce ministry's board of approval. The state government has written to the Union commerce ministry seeking to denotify Raheja's SEZ along with two others.
Colonel Mandeep Virdi becomes the first lady officer to take over the prestigious command of No 1 Training Battalion (AT), the Army Service Corps Centre (North)'s premier training establishment.
A search operation to track down the fleeing terrorists continues near the scene of the ambush, while mobile internet services remained suspended in the twin districts for the second day on Sunday, they said.
Two days after the termination of the merger agreement by Sony Group, Zee Entertainment on Wednesday hit back by filing a petition before the National Company Law Tribunal (NCLT), seeking a direction to implement the merger scheme. Besides, it has also initiated appropriate legal actions to contest the claims of $90 million (Rs 748.5 crore) filed by Sony Group before the Singapore International Arbitration Centre (SIAC), according to a regulatory update by Zee Entertainment Enterprise Ltd (ZEEL).
Benchmark indices--Sensex and Nifty--were 0.7-0.8 per cent higher from the Saturday closing. Among the widely-tracked Nifty 50 stocks, 39 advanced and the rest 11 declined at the opening bell. Among the individual stocks, Cipla, ICICI Bank, Sun Pharma, Power Grid Corp, and Bharti Airtel were the top five gainers, while Asian Paints, Hindustan Unilever, Britania, HDFC Bank, and BPCL the losers, NSE data showed. On Monday, Indian stock exchanges were closed for trading on the occasion of Pran Pratistha of Ram Temple in Ayodhya.
The National Company Law Appellate Tribunal on Friday issued notices to Zee Entertainment Enterprise Ltd (ZEEL) over the petitions filed by IDBI Bank and AXIS Finance against an NCLT order that approved the media company's merger with Culver Max Entertainment. However, a two-member NCLAT bench comprising chairman Justice Ashok Bhushan and Member Arun Baroka declined to grant any stay over the merger process during the pendency of the hearing. The appellate tribunal (NCLAT) has directed to list both petitions on January 8 for hearing, directing Zee Entertainment Enterprise Ltd to file a reply.
The Kirti Chakra awardees are Major Digvijay Singh Rawat of 21st Battalion, the Parachute Regiment (Special Forces), Major Deependra Vikram Basnet from the Sikh Regiment's fourth battalion and Havildar Pawan Kumar Yadav from the 21st battalion of the Mahar Regiment, according to the defence ministry.
Though Hero still leads by a wide margin in annual and monthly sales, for the first time, Honda has considerably bridged the sales gap with the Pawan Munjal-led firm in April lagging only by 12,134 units
The United States, Canada and the United Nations have condemned the Iranian air attack on Israel, with President Joe Biden reaffirming America's 'ironclad commitment' to the Jewish nation and vowing to convene a meeting of the G-7 leaders on Sunday to develop a coordinated response to the brazen assault.
