Engineering and construction major Larsen & Toubro (L&T) reported a 25 per cent rise in net profit attributable to the owners of the company for the January-March quarter of 2024-25, owing to higher revenues and an exceptional gain. For the quarter under review, L&T posted a consolidated net profit of Rs 5,497.3 crore, while revenue rose 10.9 per cent year-on-year (Y-o-Y) to Rs 74,392.28 crore.
Lulu Retail announced on Wednesday that its initial public offering (IPO) was oversubscribed 25 times across all tranches, excluding cornerstone investors, generating demand exceeding $37 billion-a record for a private sector IPO in the United Arab Emirates. The company is controlled by Kerala-based business tycoon MA Yusuff Ali. The final offer price for Lulu shares was set at AED 2.04 per share, raising a total of $1.72 billion (AED 6.32 billion), making it the largest IPO in the UAE in 2024 to date.
'The touchstone is reciprocity which will be applied to friends and foes alike.' 'It will be a bitter pill to swallow.'
It was good fortune for India to have Atal Bihari Vajpayee lead the government at a crucial moment in our history. He avoided India meeting the fate of Iraq or Ukraine, asserts military historian Colonel Anil A Athale (retd).
Sasikumar Mukund will aim for a winning return to the Davis Cup fold as India faces Togo in the World Group I Play-off.
The Indian Diaspora has been able to carve a niche in their adopted countries as a result of their talent, perseverance and hardworking nature, asserts Rup Narayan Das.
In the volatile international situation where 'nativism' is on the rise and immigrant communities are being targeted, the Leader of the Opposition's statement is like adding fuel to fire. If the Indian diaspora numbering 4 crores is threatened it will constitute a grave threat to national security, warns Colonel Anil A Athale (retd).
rediffGURU Radheshyam Zanwar counsels students about how to pursue a career in science, medicine and technology.
Discontent has been brewing among a section of the cabin crew at the low-cost carrier for some time now, especially after the start of the process of merger of AIX Connect, formerly AirAsia India, with itself.
Ports, Shipping and Waterways Minister Sarbananda Sonowal made the request during a meeting with Iranian Foreign Minister Hossein Amir-Abdollahian in Tehran on Monday.
... and there is no stopping its pan-Islamic agenda, cautions Ambassador M K Bhadrakumar.
Officials were surprised at how quickly smugglers appraised the Covid situation to recruit jobless migrant workers to ship gold.
Following the conflict, Israel has banned the entry of Palestinian workers. The departure of several thousand other foreign workers, the Israeli construction industry has been facing a deep crisis.
The trafficking of 589 children to shelter homes in Kerala has exposed a deep-rooted racket. Vicky Nanjappa reports
The country's m-cap is now 4.3x India's, whose m-cap grew just 17 per cent to $2.5 trillion in CY20 -- 2.4 per cent of the global m-cap.. Ashley Coutinho reports.
Yashasvi Jaiswal looks well-placed to carry forward the glorious legacy of batting excellence established by the likes of Sachin Tendukar and Virat Kohli, said former India coach Greg Chappell.
The Indian arm of the Norwegian investment company Orkla ASA, which owns spice brands like MTR and Eastern, is exploring the possibility of launching an initial public offering (IPO) in 2025, said a top company executive. "The ASA board just cleared the proposal. "We had done a pre-IPO study last year to understand what we need to do and based on that the board said, 'okay, let's go ahead and explore capital markets'," Sanjay Sharma, CEO, Orkla India, told Business Standard.
India on Monday played down the controversy over the derogatory remarks by a Bharatiya Janata Party leader, saying its ambassador to Qatar has already conveyed its position to the Gulf country and there was nothing new to add.
Lionel Messi intends to join Major Soccer League side Inter Miami as a free agent, the Argentina forward said on Wednesday.
Dhoni endorses 42 brands to Bachchan's 41 and SRK's 34.
Some 90 tonnes of food items such as fruit and vegetables were sent to Doha.
The Navi Mumbai police uncovered a plot to kill the actor during their investigation disclosing a video call conversation between Lawrence Bishnoi gang member Ajay Kashyap and another accused.
The Supreme Court on Friday directed that all FIRs against expelled Bharatiya Janata Party leader Naveen Kumar Jindal lodged across the country in connection with his alleged derogatory remarks against Prophet Mohammed be transferred to the Delhi police.
India is pushing for greater disclosures by credit card companies, fintech firms, and payment aggregators (PAs) at the Financial Action Task Force (FATF), so that the sender and recipient in a cross-border financial transaction can be easily identified and the information shared with law enforcement agencies. Separately, the inter-governmental group, which sets standards to curb money laundering, will release the fourth round of its mutual evaluation report on India on September 19. FATF in June had adopted the mutual evaluation report on India and placed the country in the "regular follow-up" category - the highest rating given by the global watchdog and a distinction shared by only four other G20 countries.
'Christians, for example, make up 2 per cent of India's population but an estimated 16 per cent of those who were born in India now reside elsewhere,' said Pew.
The boat was spotted off the Mumbai coast during patrolling on Tuesday morning, a police official said.
'Trump has no more elections to fight and his soaring ambition, which is no secret, will be to carve out a presidential legacy that outshines by far all his mediocre predecessors.' 'Trump's turnaround on the H-1B visa debate shows that he can take tough decisions and there are no holy cows in his domain,' asserts Ambassador M K Bhadrakumar.
"This may sound simple and innocuous but it has far-reaching consequences. The court should be circumspect while issuing directions. We would suggest you withdraw your plea," the bench remarked.
Manish Tiwary plans to take up a new role at another firm.
The two leaders had a complex relationship yet formed a partnership and even after their parting of ways, the two admired each other in their efforts for India's freedom.
A year after a Hamas attack against Israel on October 7 and the ensuing Israeli invasion of the Gaza Strip, India's trade with most West Asian countries has largely escaped any major disruption, except with countries like Israel, Lebanon, and Jordan. However, repeated flare-ups of geopolitical tensions in the region continue to drive up shipping and logistics costs.
The direction comes hours after Iran fired over a dozen ballistic missiles targeting at least two American bases in response to the killing of its General Qasem Soleimani in a drone strike.
'This is quite unlike Pakistan where fanatics are eulogized and monuments built in their honour'
The Gulf Cooperation Council (GCC) countries have 10 Indian billionaires.
'These people are not religious. They do not have respect for other religions... This lady is single-handedly responsible for what is happening in the country... Has a loose tongue'
The latest flashpoint in West Asia has derailed India's preliminary plans to resume crude oil imports from Iran, officials said. In January, officials of the Ministry of Petroleum and Natural Gas had told Business Standard that the government had been studying proposals for the same, given that India was trying to expand sources of imports. "We are always monitoring the situation when it comes to crude flows.
Senior TV journalist Navika Kumar has been named in an FIR registered in Maharashtra's Parbhani district against suspended Bharatiya Janata Party spokesperson Nupur Sharma, who had made objectionable remarks against Prophet Mohammed during a news debate hosted by Kumar, the police said on Tuesday.
India's decision to ban the export of non-basmati white rice has pushed up global prices, prompting multilateral lending agencies, such as the International Monetary Fund (IMF), to call for a reconsideration of the move. Though nothing has been spelled out yet officially, sources said, the government might consider requests for government-to-government sale of non-basmati white rice, especially to West African nations where India is a major supplier. Also, traders and exporters of specialty regional rice varieties like sona masuri or gobindo bhog feel that they have been short-changed.
The Indian Navy has swiftly responded to a call for help following a hijacking incident involving a Malta-flagged cargo vessel with 18 crew on board in the Arabian Sea, officials said on Saturday.
The Supreme Court on Friday came down heavily on Sharma for her controversial comments, saying her 'loose tongue' has "set the entire country on fire" and that she is "single-handedly responsible for what is happening in the country".
