InterGlobe Aviation promoter Rakesh Gangwal and his family trust on Tuesday sold a 5.7 per cent stake in the airline for about Rs 11,385 crore ($1.33 billion) through a block deal, according to sources. Apart from Gangwal, the Chinkerpoo Family Trust, whose trustees are Shobha Gangwal and JP Morgan Trust Company of Delaware, has also participated in the transaction for divesting its stake in IndiGo, the country's largest airline, the sources said.
Amid the raging feud in Samajwadi Party, its senior leader Shivpal Yadav reached Delhi on Wednesday evening to invite 'like-minded' socialists for the party's 25th anniversary celebrations on November 5, a move seen as an attempt to stitch an alliance for the state assembly polls.
Pakistan Super League franchise Multan Sultans' owner Ali Tareen tore up a legal notice sent to him by the PCB threatening to blacklist him and terminate the contract of his team.
'The question for the TMC is not whether it can hold its bastions, but whether it can expand effectively into regions where the BJP already possesses a good ecosystem.'
Within days of announcing that he would step down as the chairman of Bajaj Auto, Rahul Bajaj on Thursday said he expects the family feud with younger brother Shishir to be settled by June this year.
It was a textbook blind murder with scarce clues, no witnesses and no apparent motive.
Shishir Bajaj, the estranged brother of group patriarch Rahul Bajaj, and his son Kushagra have sought a 25 per cent share in the assets controlled by these trusts.
The BJP claimed that the attackers were TMC-backed goons, accusing the Mamata Banerjee government of allowing violence against opposition leaders even in times of humanitarian crisis.
Speculations about a rapprochement between Uddhav Thackeray and his estranged cousin Raj Thackeray are gathering steam, but leaders of the Shiv Sena (UBT) and Maharashtra Navnirman Sena (MNS) acknowledge that personal ties and organisational synergy are significant hurdles that need to be overcome. While both parties have expressed a willingness to put aside "trivial issues" and unite, the prospect of a reunion is complex, involving family dynamics, ideological differences, and the potential for internal conflicts. The reunion buzz has come at a time when both parties are experiencing a political nadir, with the Sena (UBT) winning 20 seats and the MNS drawing a blank in the 2024 assembly polls. The prospect of the two cousins coming together has enthused supporters of both parties, but it might not be the case with a section of cadres and party leaders. Key concerns include seat-sharing agreements, potential conflicts in areas with strong bases for both parties, and ideological differences.
Indian family-run business houses have in recent years seen ugly public spats between owners over control. But metals-to-ports conglomerate Essar's Ruia family seems to be an exception. Three generations of the Ruia family - founder brother Shashi and Ravi Ruia, their children and grandchildren - continue to live under one roof and jointly run the business empire.
Godfrey Phillips executive director Samir Modi has lodged an FIR in New Delhi's Sarita Vihar police station, alleging that her mother Bina Modi and Lalit Bhasin, one of the company's board members, orchestrated an assault on him during the board meeting. It further exacerbated the ongoing feud among the late KK Modi's family members over the distribution of the Rs 12,000 crore inheritance. Bina is also the director of Godfrey Phillips.
Successive elections since 2019 have proved that the Modi charisma and Shah's strategy does not work in Tamil Nadu. Now, they have to see next year if the DMK is capable of losing, whether to an existing NDA alliance or an expanded version, if one becomes necessary and possible!, explains N Sathiya Moorthy.
Food, feminism, fights, father-son issues, famous rivalries, OTT is as loaded as it gets this week.
Exigencies of electoral politics and individual ambitions often stoke family feuds and sibling rivalries.
'Business families like the Godrej group are increasingly realising that an amicable settlement is better.' 'Else, the wealth of all shareholders gets destroyed.'
Indian National Lok Dal president and five-time Haryana chief minister Om Prakash Chautala died in Gurugram on Friday at the age of 89.
Sanjay Kirloskar, promoter of Kirloskar Brothers, moves Supreme Court to enforce a family settlement signed in 2009.
No author in the Malayalam literary canon has influenced and profoundly changed the way normal people interact with each other than the ever-relevant, eclectic yet elusive body of work left behind by MT Vasudevan Nair, notes Arjun Menon.
EPS' acceptance of Amit Shah's proposal for an electoral alliance with the BJP is being interpreted to mean how the AIADMK has signed up the NDA national leader as a junior partner. Not many have appreciated EPS for this strategic move that has now forced the BJP to play second fiddle to the AIADMK. This has meant that the BJP has buried its ambitions of capturing power in Tamil Nadu now, and is willing to wait until after the 2029 Lok Sabha polls, observes N Sathiya Moorthy.
Bhool Chuk Maaf released last Friday, we decided to look at 10 instances of tinsel town's famous folks burying the hatchet.
Jannayak Janta Party, which had emerged as the kingmaker last assembly polls, was decimated this time round, while the Indian National Lok Dal also failed to create much impact, with prominent leaders of both outfits Dushyant Chautala and Abhay Singh Chautala losing their seats.
...the DMK chief minister's campaign -- which includes criticism of the BJP's 'pro-Hindutva, anti-Tamil, anti-federal' policies and building on his own government's social welfare programmes targeting especially women and youth -- appeals to Tamil Nadu's voters in next year's assembly election, explains N Sathiya Moorthy.
Action, romance, comedy, it's raining masala entertainment on OTT this week.
Netflix has announced a thrilling line-up for 2025.
Kumar Bangarappa and Madhu Bangarappa are pitted against each other in Soraba constituency in Shivamogga district, which was represented by their father from 1967 to 1994 till his election to the Lok Sabha.
The legislator visited the residence of mother Rabri Devi on Tuesday evening, spent the night at her place and, according to party sources, announced that he will henceforth not be living at the bungalow allotted to him by the state government.
The Centre on Thursday disputed in the Supreme Court the figure pertaining to alleged attacks on Christian institutions and priests, terming the data "wrong" and claiming the petitioners wanted to keep "the pot boiling" to sully the image of the country abroad.
Sukanya Verma lists everything you can watch.
The dramatic swearing-in of BJP's Devendra Fadnavis as chief minister and Pawar's nephew Ajit Pawar as his deputy was preceded by days of talks between key party leaders and the junior Pawar, who was facing probe in corruption cases being investigated by central agencies.
If a show about Gujaratis or Indians in the US had to be made, it could have been more authentic, sighs Deepa Gahlot.
Good performances, a well-written screenplay and great comedy make Vasanthamani's Vetrivel a decent watch, writes S Saraswathi.
'Crores of rupees have been spent on paper but nothing has actually happened on the ground.'
Think you know everything about Donald Trump? Take our quiz to find out just how much you know.
A graduate by education, Santanu, the eldest son of former Trinamool Congress minister Manjul Krishna Thakur, was more into the development of the Matuas through various social services run by the Thakurbari in Thakurnagar and was never into politics.
Angry young men (and old) dominate the OTT this week. Take your pick.
The EGM would discuss deleting various Articles pertaining to transfer and acquisition of the company's shares, including 'Right of First Refusal' and ' Tag Along Right', in the company's Articles of Association.
The lawsuit was unlikely to have deprived Lee of his control over Samsung Electronics, the world's biggest maker of smartphones, TVs and memory chips.
