Essar group on Friday announced the signing of a USD 2.4 billion (Rs 19,000 crore) deal to sell certain ports and power infrastructure to ArcelorMittal Nippon Steel in one of the largest post-pandemic merger and acquisition deals in India. In a statement, the Ruia-run firm said the deal also envisages a 50-50 joint venture between Essar and ArcelorMittal for building a 4 million tonnes a year LNG import terminal at Hazira in Gujarat. Without giving details, it only identified certain ports and power infrastructure that are primarily captive to operations of the Hazira steel plant, which was acquired by ArcelorMittal Nippon Steel (AM/NS) in 2018-19, as part of the deal.
LIC owns 3.69 per cent of the total listed universe based on available disclosures, the lowest since at least June 2009.
Officials said the entire forest area from Mendhar to Thanamandi remains under a strict cordon and a massive search operation is on to neutralise the terrorists moving from one place to another in an attempt to escape the dragnet.
Verstappen took his 26th career win 0.9 of a second ahead of Spaniard Sainz,
Hamilton said he only realised the significance of what he had done when he came into the pitlane after taking the chequered flag.
Hamilton will equal Ferrari great Michael Schumacher's all-time win record if he takes his seventh win of the season on Sunday.
As the counter-insurgency operation in the forest belt of Jammu and Kashmir's twin border districts of Poonch and Rajouri entered the ninth day on Tuesday, public announcements were made in Mendhar asking local residents to stay indoors for their safety, officials said.
After a month long gap, the primary market is heading for a busy time, with five firms including Paytm parent One97 Communications and policybazaar parent PB Fintech have lined up their IPOs in the first half of November to raise over Rs 27,000 crore collectively. The other three firms whose initial share-sales are set to open are Sapphire Foods India, which operates KFC and Pizza Hut outlets, decorative aesthetics supplier SJS Enterprises and microcrystalline cellulose manufacturer Sigachi Industries. The IPOs of FSN E-Commerce Ventures Ltd, which runs online marketplace for beauty and wellness products Nykaa, and Fino Payments Bank are currently open for public subscription.
In Tripura, the challenge for the chief minister is less from the alliance partners and more from his own party, the BJP.
Top losers in the Sensex pack included Yes Bank, Vedanta, IndusInd Bank, Tata Steel, L&T, SBI, NTPC, Kotak Bank, HDFC, HDFC Bank, PowerGrid, Infosys and ITC, falling up to 4.18 per cent.
Google has announced a slew of new features including new privacy settings, AI tools and release of the first beta of Android 12 that will become part of its products over the course of the year. Kicking off Google I/O 2021 in a virtual format from the Mountain View campus, Google CEO Sundar Pichai also announced additions to Google Workspace that will enable richer collaboration, especially in view of the pandemic that has driven enterprises across the globe to embrace remote working solutions. Pichai said that COVID-19 has deeply affected every community over the past year, and "places like Brazil, and my home country of India, are now going through their most difficult moments yet".
Way before the rains arrived at Talwandi Sabo Power plant in Punjab, the one check the coal ministry was carrying out was the availability of coal stock with the generator. Talwandi Sabo Power Limited (TSPL), the 1,980-Mw thermal power plant of Sterlite Energy, part of the Vedanta Group, which supplies about 15 per cent of Punjab's power, is one of the most difficult locations to manage coal supplies. It is nearly 1,700 km from the mines of Mahanadi Coalfields in Odisha, the longest coal route in India and possibly the trickiest as it cuts through the traffic heavy rail lines between Delhi and eastern India.
A full-fledged training, intelligence and combat module on Taliban, its leadership and their modus operandi is being prepared apart from specific case studies that have taken place in that country and the region, he said.
Billionaire Mukesh Ambani on Wednesday pitched for using the USO Fund to subsidise smartphones for select groups to help penetrate the digital revolution and said India should make the rollout of 5G or the fifth-generation technology standard for broadband cellular networks a national priority. As much as 5 per cent of the licence fee paid by telecom operators goes to the Universal Service Obligation (USO) Fund, which was set up in April 2002 for achieving universal service objectives by providing access to telephone services in rural and remote areas and creation of infrastructure for mobile services and broadband in these areas. However, according to the CAG, less than half of the funds so collected are transferred for the said purpose.
From Jammu and Kashmir to Andhra Pradesh, consumers are facing power cuts ranging from 2 hours to 8 hours.
Alfa Romeo announced Guanyu Zhou as China's first Formula One racing driver on Tuesday with his arrival in 2022 hailed by both the team and the sport as a historic breakthrough in a key growth market.
'Hackers from China and UK were involved in the October 12 power outage,' Maharashtra power minister tells Rediff.com.
Valtteri Bottas ended his year-long drought with a dominant victory in Turkey on Sunday while unhappy Mercedes team mate Lewis Hamilton finished fifth and lost the Formula One championship lead to Red Bull's Max Verstappen.
IndusInd Bank was the biggest gainer in the Sensex pack, rallying 5.23 per cent, followed by Hero MotoCorp, Coal India, Yes Bank, PowerGrid, ICICI Bank, HCL Tech, L&T, Kotak Bank and Bharti Airtel, rising up to 1.56 per cent.
Max Verstappen put his Red Bull on pole position for the Austrian Grand Prix
'India and China are already in a warlike situation.'
Around 80 mn rural households are estimated to have no access to grid power.
Top losers in the Sensex pack included SBI, HDFC twins, Bajaj Auto, ONGC and Tata Steel, falling up to 2.49 per cent.
Formula One leader Lewis Hamilton made the most of the changeable conditions to seize pole position for the Belgian Grand Prix ahead of Ferrari title rival Sebastian Vettel on Saturday.
Ajit Mishra, vice president, research, Religare Broking, answers your stockmarket queries.
The number of terror incidents in Jammu and Kashmir has shown significant decline since the abrogation of Article 370 in August 2019, the Lok Sabha was informed on Tuesday.
NBA roundup: Hornets spoil Kyrie Irving's home debut
Officials said gunshots were heard as the joint search parties of the Army and the police resumed the operation in Poonch's Mendhar area. However, it was not immediately clear whether it was speculative firing by the search parties or fresh contact was established with the terrorists, they said.
'By taking over these reactors, it will ensure Ukraine's supply of electricity is cut off.'
Expressing commitment to augment the country's infrastructure, Finance Minister Nirmala Sitharaman on Monday proposed to significantly enhance capital expenditure to Rs 5.54 lakh crore in the next fiscal, besides creating institutional structures and giving a big thrust to monetizing assets to achieve the goals of the National Infrastructure Pipeline (NIP). Sitharaman said NIP, that was launched in December 2019 with 6,835 projects, has now been expanded to 7,400 projects and around 217 projects worth Rs 1.10 lakh crore under some key infrastructure ministries have been completed. "For 2021-22, I propose a sharp increase in capital expenditure and thus have provided Rs 5.54 lakh crores which is 34.5% more than the BE of 2020-21," the finance minister said.
The Department of Investment and Public Asset Management (Dipam) has asked ministries, government departments, and public sector undertakings (PSUs) to send a list of assets that can be monetised under the proposed National Monetisation Pipeline. The list will be used for creation of an asset monetisation dashboard, which will keep a track of such assets. The government, meanwhile, has asked CRISIL to prepare a road map for monetising assets of PSUs and government departments.
The recent report in the New York Times that China had brought India's financial capital - Mumbai - to a halt by hacking the electricity supply grid has not come as a surprise to the CTOs (chief technology officers) and cyber security experts. Indian companies, including critical infrastructure providers such as power grids, ports and radar systems, lack the IT infrastructure to prevent hacking from hostile state actors like China and North Korea, warn security experts. Recently, the United States government warned of yet another breach of critical systems tied to Microsoft Exchange email systems that the company has blamed on China. The breach has impacted thousands of organisations in the US and its impact on India is still unknown.
The sky's the limit for George Russell after the British youngster's stellar performance
Around 15 years ago, when Reliance Industries (RIL) struck natural gas in the Krishna-Godavari (KG) basin off the east coast, the government made plans to supply that fuel cheaply to scores of generators that sprang up in India triggered by the discovery. Most of the plants, which account for 6 per cent of India's total generation capacity, operate sparsely after the KG-D6 area first failed to meet production targets, and then finally shut shop. Affordable domestic gas was why those thermal plants came up and the rate of the fuel today is why those generators hardly operate. Record liquefied natural gas (LNG) rates may yet again unravel India's ambitions to expand use of gas in industries, households and vehicles. Rates, while volatile, may stay strong this decade as developed nations with higher purchasing power embrace gas as the transition fuel.
After initial 'zero infiltration' in the wake of renewed ceasefire agreement between India and Pakistan in February, fresh attempts are on to push terrorists from across the border where 250 to 300 terrorists are trained and waiting on the launch pads, Jammu and Kashmir Director General of Police Dilbag Singh said on Tuesday.
Top gainers in the Sensex pack included Bajaj Finance, ONGC, Yes Bank, HDFC, HCL Tech, Tech Mahindra, TCS, ICICI Bank and RIL, rising up to 3.57 per cent.
The delayed season is due to start in Austria on July 5 behind closed doors.
China has been keeping tabs on the restive Tibet province through a 'grid' system and some 600 'convenience police posts' armed with high-tech equipment that monitor the daily life of the citizens of Lhasa and other Tibetan towns. Worse, 'volunteer security groups' known as 'Red Armband Patrols' are roaming around in order to get more information and 'classify' each and every citizen, says Claude Arpi
Ajit Mishra, vice president, research, Religare Broking, answers your queries.
Lewis Hamilton won a crazy, twice-halted Saudi Arabian Grand Prix for Mercedes on Sunday to go level on points with Red Bull rival Max Verstappen and set up a winner-takes-all title showdown.
