Bharti Global, the international investment arm of Bharti Enterprises, has decided to buy 24.5 per cent equity in BT Group - a move that will make the Indian conglomerate the biggest shareholder in the UK's second-largest telecom company both in terms of market value and subscriber count. The shares are being purchased from billionaire Patrick Drahi's Altice UK through a combination of cash and debt .
Union Minister Piyush Goyal on Friday sought an apology from the Congress for the controversial statement by party MP that suggested a call for a separate south nation over fiscal injustice, but the opposition party's president said it stands for a united nation and will not tolerate any such call.
Most members of the Reserve Bank of India's monetary policy committee (MPC) decided to stick to the course on bringing retail inflation to the target of 4 per cent while voting for maintaining status quo in the April review, except external member Jayanth Varma who voted for a 25 bps cut in the repo rate. "I believe that the extant monetary policy setting is well positioned," RBI governor Shaktikanta Das said in the minutes of the policy review, which came out on Friday. "Monetary policy transmission is continuing and inflation expectations of households are also getting further anchored.
Even in ruin, Jet retained its one essential brand quality: Dignity, says brand guru Sandeep Goyal.
The Department for Promotion of Industry and Internal Trade (DPIIT) has proposed to raise the minimum local content under public procurement order in government contracts. But several local suppliers and multinational companies (MNCs) are saying such a steep target is not attainable. Class-I suppliers, whose goods, services or works offered for procurement has local content equal to or more than 50 per cent may see it hiked to 70 per cent, while it may go up to 50 per cent from 20 per cent for Class-II suppliers.
A recipient of the Padma Bhushan and Padma Vibhushan, Dr Goyal also founded the Dhanvantari Medical Foundation with an aim to bring all the branches of medicine together and create a difference to people's lives.
Piyush Goyal has begun his term as railway minister with characteristic energy, but not all his new initiatives are being praised
The airline is sitting on a debt pile of over Rs 8,200 crore and has defaulted thrice since January, including on some forex debt.
He indicated his conviction will remain firm even if that "uprising" ultimately puts the party he faithfully served for 13 years in the dock.
Nikkei 225 index hit the 40,000 mark for the first time ever on Monday, continuing its bull-run that saw the index reclaim its 1989 peak of 34,000 levels in February. as global investors latched on to Japan's biggest companies on improving shareholder returns, the weaker yen and booming corporate profits. Analysts remain bullish on Japan, mostly aided by gains in technology shares. Adoption of artificial intelligence (AI), according to a note by Morgan Stanley, is likely to benefit Japanese companies, which is almost at par with the US-based companies.
'Piyush Goyal is the chief and it is always the chief who is considered to be responsible.'
Jazz up your summer lunch plate with this tangy potato curry.
Goyal was to visit Beijing from August 2 to 3 to take part in the RCEP Intersessional Ministerial meet.
On Monday, June 10, 2024, Prime Minister Narendra D Modi held the first meeting of his Cabinet at his residence at 7, Lok Kalyan Marg.
A panel of Union ministers held a fourth round of talks with farmer leaders in Chandigarh on Sunday over their demands, including a legal guarantee of MSP, as thousands of protesting farmers camped at the Punjab-Haryana border.
He urged employees to bear with him in this difficult situation a little longer, till the airline emerges out of turbulence and fiscal challenges.
From the word go, Bihar growled its needs out when an MP from the state said aloud: "Give something for Bihar also, Madam." Every time the Budget mentioned cities and towns in Andhra Pradesh, "Kursi Bachao" was the call from Congress MPs.
'Bilateral trade has suffered seriously because of the growing unrest.' 'There is a standstill on both sides amid the curfew.'
Baseless allegations are being made against Pune MLA Sunil Tigre linking him to the Porsche crash that left two software engineers dead, Maharashtra Deputy Chief Minister Ajit Pawar said on Saturday.
While Arun Jaitley remains part of the decision making process, Piyush Goyal, who was given additional charge on May 14, attends cabinet meetings and takes the day-to-day decisions.
Sitharaman, who was holding the Commerce portfolio (Independent charge), was on Sunday promoted to the Cabinet rank as was Goyal.
According to an Andhra government statement, Naidu 'reposed confidence' in the PM's leadership.
According to the Federation of Resident Doctors Association, during the indefinite strike, all outpatient departments, operation theatres, and ward duties will be shut, but emergency services will continue to operate as usual, ensuring that urgent patient care remains unaffected.
The ASI team, comprising more than a dozen members, reached the complex in the morning.
India has flagged concerns over non-tariff barriers (NTBs) faced by its exporters with the Russian government, commerce secretary Sunil Barthwal said on Monday. NTBs faced by Indian exporters are mainly in sectors such as marine products and pharmaceuticals.
Uttar Pradesh and Bihar appear to have got the maximum representation in Prime Minister Narendra Modi's new council of ministers, while assembly poll-bound Maharashtra also found a significant presence.
This will be the first major electoral test after the political realignment that emerged in 2019.
Earlier, the Railways had issued statements saying that it planned 125 trains for evacuating migrants from Maharashtra on May 25 but the state government was only able to give information for 41 trains till 2 am.
Lok Sabha polls in Maharashtra will be held in five phases on April 19, April 26, May 7, May 13 and May 20. Counting of votes will be held on June 4.
Maharashtra Deputy Chief Minister Ajit Pawar's wife Sunetra Pawar on Thursday filed papers as an NCP candidate for Rajya Sabha elections.
The electoral battle in Varanasi, according to locals and political experts, is not about whether the PM will win for a third successive occasion, but if he will increase his share of the votes polled and his win margin.
10 vacancies in the Upper House after Rajya Sabha members were elected to the Lok Sabha.
Goyal is expected to discuss the targets for the banks for 2019-20, as well as priority sector lending, recovery on non-performing assets, and the bankruptcy proceedings of various companies, which owe money to the banks.
SBI chairman Rajnish Kumar said Naresh Goyal would be eligible to bid for the airline when the lenders auction it next month.
In the coming assembly election, negotiations over seat-sharing will be as important as actual outreach to voters.
The Budget is expected to make some key announcements, including relief package for farmers, poor and sops for the middle-class.
South Africa might have faltered at the finishing line but their maiden final appearance in the T20 World Cup earned them accolades from local and expatriate fans
In an emotionally-charged letter to the 22,000-strong employees, Goyal said the approval of the debt-recast plan will put the carrier on a "sounder and sustainable" financial footing.
Goyal also said that current account deficit is likely to be 2.5 per cent of GDP this year.
Goyal wondered why an e-commerce market place model, where a firm provides an IT platform for buyers and sellers, was incurring such huge losses adding that it needs to be looked into.
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