The strategic sale of government and state-owned Life Insurance Corporation (LIC) of India stakes in IDBI Bank might encounter procedural delays, potentially pushing the timeline for expected financial bids to the third quarter of the current financial year (2023-24, or FY24), according to sources familiar with the development. Financial bids constitute the second significant step in the divestment process, following expressions of interest (EoIs) from potential bidders. In this phase, bidders are required to quote transactional fee as a percentage of the divestment proceeds, which are then added to the government's kitty after completion of the transaction.
Modi said today "we all have reached an important and historic partnership".
Even small businesses can do it. Here's how.
From the Sensex pack, Bajaj Finance tanked 7.21 per cent. The other major laggards were Bajaj Finserv, ICICI Bank, Infosys, Titan, Power Grid, Axis Bank, HDFC Bank, Tech Mahindra, Wipro and Bharti Airtel. ITC, Hindustan Unilever, NTPC, Mahindra & Mahindra, Nestle and Larsen & Toubro were the major winners.
From the seas to the stars, this partnership will now be deepened by the defining role of technology, the statement said.
'If he has not achieved 'Congress mukt Bharat' even now, the question of his creating a 'DMK mukt Tamil Nadu' does not arise,' points out N Sathiya Moorthy.
It started out as a Production Linked Incentive (PLI) scheme to make India an export hub. But after many a twist and turns, the latest 2.0 PLI for IT hardware, for which the 40 eligible candidates have applied till its deadline, is now focused on 'import substitution'. The scheme will help in reducing India's over-dependence on imports (80 per cent of laptops are imported), especially from China which include laptops, tablets and servers.
Mutual funds (MFs) are lining up distinguished new fund offerings (NFOs) for the next financial year to win over investors after a lukewarm response to product launches in the 2022-23 financial year (FY23). NFOs drew a lukewarm response in FY23 as launches were mostly in the passive debt space, which has a comparatively lower popularity among retail investors. The limited launches in equity space also failed to rake in huge sums due to subdued investor sentiments in a volatile market.
'The deal pipeline across products is robust for 2024.'
In a first in India, the fast-food joint is converting used cooking oil into biodiesel, which is used to power 20-25 trucks that make trips to around 275 restaurants carrying supplies from its distribution centre
Indian cricket team will not just be looking to win a third ODI global title but also look at saving the '50-over format' which has been battling identity crisis for at least five years now.
Only two batters have managed to achieve this unique record before him.
'When my father travelled 5,000 miles to build a new home in Ireland, I doubt he ever dreamed that his son would one day grow up to become its leader.' Vaihayasi Pande Daniel/Rediff.com profiles Dr Leo Varadkar who will step down as Ireland's taoiseach (prime minister) next week.
The government has allowed companies to send notices and documents to their shareholders and members electronically in order to facilitate paperless communication.
The Department of Telecom on Tuesday approved applications of telecom companies -- Reliance Jio, Bharti Airtel, Vodafone Idea and MTNL -- for conducting 5G trials but none of them will be using technologies of Chinese entities. The list of telecom gear makers approved for trials include Ericsson, Nokia, Samsung, C-DOT and Reliance Jio's indigenously developed technologies.
'I am here to terminate climate change once and for all.'
Following the ICC Hall of Fame announcement on November 13, 2023, open letters have been written to the inductees by those close to them. Here, Sourav Ganguly salutes inductee #112, Virender Sehwag.
Chidambaram promises to maintain fiscal discipline; admits inflation is an issue.
'We will see a lot of investments from the private sector.' 'As long as we are not impacted by some global events, I think we will be in a strong place.'
Legendary pacer Glenn McGrath has slammed England for playing casual cricket against Australia in the ongoing Ashes.
Market benchmarks ended lower for the second straight session on Friday, paring their initial gains amid a mixed trend in the global equities. The 30-share BSE Sensex declined 87.12 points or 0.14 per cent to settle at 61,663.48. During the day, it fell 413.17 points or 0.66 per cent to 61,337.43.
Ben Stokes played another magnificent innings, but the England skipper wasn't able to finish the job as Australian won the second Ashes Test at Lord's.
Mayank Agarwal played a captain's knock of 109, as his side took a 64-run lead on Day 2
With the O2C business outlook on the mend, the Street is also looking forward to news on RIL's proposal to sell up to 20 per cent of the O2C business to a strategic investor like Saudi Aramco.
Adani Enterprises became the fourth listed company of Gautam Adani Group to cross Rs 4 trillion market capitalisation (market cap), as the stock hit a new high on the BSE in Tuesday's intra-day trade. At 01:24 pm; with Rs 4.04 trillion market cap, Adani Enterprises stood at number 15th position in overall market cap ranking on the BSE, data shows. Adani Transmission is at top of the group companies list, with market cap of Rs 4.48 trillion, followed by Adani Total Gas (Rs 3.96 trillion), and Adani Green Energy (Rs 3.72 trillion).
Equity benchmarks pared initial gains to end lower on Friday, recording their third day of decline, amid weak trend in IT counters. The 30-share BSE Sensex tumbled 452.90 points or 0.75 per cent to settle at 59,900.37. During the day, it tanked 683.36 points or 1.13 per cent to 59,669.91.
According to new ministry guidelines, the permission to chop down forests will be given only after all the compensatory levies are provided
Another explosion "linked to illegal firecrackers" took place in West Bengal on Monday, the third such blast within a span of just seven days.
An optimistic Mitchell Starc said he was hopeful of returning to Australia's playing eleven for the second Test against India, starting in Delhi on Friday.
Also considered as a green initiative, it would help the units reduce transaction cost and time.
Venkatesh Iyer has smashed his way to the top of the IPL 2023 run scoring charts with 234 runs from five matches, at a strike rate of 170.
Half the stocks in the Nifty 100 index have seen a reduction in their target price by analysts this year due to fears of lacklustre earnings growth and uncertain economic environment. Adani Green Energy, FSN E-Commerce (Nykaa), Adani Ports & SEZ and Indus Towers are among the companies that have seen the maximum cut in TPs during the first three months of calendar 2023, shows Bloomberg data. On the other hand, Canara Bank, JSW Steel and Bank of Baroda have seen the highest increase in TPs.
Steph Curry had a disappointing season with the NBA's Golden State Warriors but he still managed to add another piece of silverware to his trophy cabinet.
A simple Estonian soup that's much tastier than you imagine.
Moody's Investors Service on Friday warned that the rout in Adani Group shares could hurt the conglomerate's ability to raise capital, while its peer Fitch saw no immediate impact on its ratings. Adani Group's listed companies have lost over USD 100 billion in value in just over a week after short-seller Hindenburg Research's scathing report flagged concerns about the ports-to-energy conglomerate's debt levels and alleged stock manipulation, accounting fraud and the use of tax havens.
State Bank of India was the biggest loser in the Sensex pack, shedding 1.69 per cent, followed by Asian Paints, Kotak Mahindra Bank, HCL Technologies, Reliance Industries, Wipro, IndusInd Bank, Infosys, Power Grid and HDFC twins. In contrast, Nestle, Maruti, Bharti Airtel, Tata Motors, ITC and Hindustan Unilever were among the gainers.
Indirect emissions account for a major chunk of emissions by Indian IT firms. Business travel and commutation, together, are a key reason for it. If travel and daily commuting go down, so does carbon emissions.
England will require more heroics from Ben Stokes if they are to pull off an unlikely victory
Sam Bahadur is a mechanical summary of his life, ticking off one chapter after another without bothering to pause or ponder over their significance and influences, observes Sukanya Verma.
Less than three months ago, Aaron Finch, alarmingly down on form and confidence, actually feared he might not be chosen for the Australian squad that he was due to lead. Now, he's atop the scoring charts at the World Cup.
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