Stung by the US super luxury hotel chain Orient Express' rebuff to be associated with the Tatas-owned Taj Hotels, the Tatas on Thursday shot off a letter to the American company's alleging its posture was "libellous".
The world's largest steel company ArcelorMittal, led by India-born Lakshmi Mittal, on Thursday said it will acquire a majority stake in steel maker China Oriental Group for about 6 billion Hong Kong dollars.
Dubai Holding, an investment firm of the Dubai government, has threatened to come out with an open offer for Orient-Express Hotels if the Tata group acquires a significant stake in the hotel chain. This comes exactly a month after the Tata group's Indian Hotels Company bought 10 per cent and expressed interest in striking a deal which was turned down by Orient-Express.
Among the Sensex firms, Larsen & Toubro, Axis Bank, Tata Steel, Bajaj Finance, Power Grid, Asian Paints, Mahindra & Mahindra and Bajaj Finserv were the biggest gainers. State Bank of India, Hindustan Unilever, Tata Motors and Titan were the laggards.
'Not giving a human being the basic requirement of marriage and right to institution of family merely because of their orientation is indeed against the principle of the core values of a democracy.'
Oriental Bank of Commerce will set up specialised cells for small and medium enterprises and corporate sectors across the country to facilitate faster credit processing for these sectors.
Pakistan is looking forward to a sustained and result-oriented engagement with India on the basis of "sovereign equality and mutual respect", Pakistan Foreign Minister Shah Mahmood Qureshi said on Wednesday.
Oriental Insurance Company has bagged the domestic aviation industry's first-ever contract to cover losses owing to fog for national flag carrier Air-India.
The past eight months have seen vast improvement in the Indian economy, says Edelweiss Group chairman and chief executive Rashesh Shah, who feels domestic-oriented sectors are likely to do better.
Oriental Insurance Company Ltd hopes to bag the Air Sahara insurance business after its merger with Jet Airways.
They are considering options with respect to the offer to acquire the hotel.
Elections are not won or lost by expounding on such macro-economic matters. For the aam admi, what matters in manifestos are promises that will improve their quality of life, notes Vinayak Chatterjee.
Pakistan wants a "constructive, sustained and result-oriented" engagement with India and is committed to peacefully resolving all outstanding bilateral issues, President Asif Ali Zardari said on Wednesday. Zardari made the remarks during a meeting with Pakistan's High Commissioner-designate to India and former foreign secretary Salman Bashir.
A popular Chinese green like bok choy does very well in soup too.
'Valuations of midcaps and smallcaps have reached very high levels, and hence to that extent leave little margin of safety.'
The greatest ever advantage of developing personal effectiveness is that it builds self-confidence of the individual. Here, we present to you the 'Seven Orientations' that make or mar careers.
Orient-Express Hotels (OEH), the Bermuda-based owner and operator of luxury hotels, trains, river cruises and restaurants, is open to expanding its global reach, which could include a base in India.
In a post in Hindi on X, Gandhi accused the prime minister of twisting his words and said he was speaking about the power of which Modi was wearing the mask.
The change in debt fund taxation is seen as boosting the demand for hybrid funds. It is no surprise then that asset management companies (AMCs) have launched a raft of new products in the multi-asset category. However, they seem to be divided on the asset mix and approach. The multi-asset space, which provides fund houses ample scope to innovate, has seen five launches in as many months.
'Are all roads in India privatised? Are governments not playing a role in airports or ports? If they (private players) want to set up lines for a specific requirement, I see no reason to object. It will expand the opportunity and passengers will also benefit.'
The new government that presents the full Budget for 2024-2025 in July should be ready to restructure the way divestment is managed and implemented, proposes A K Bhattacharya.
While near-term performance is difficult to predict after a huge run-up, fund managers believe the PSU theme's prospects remain sound over the medium to long term.
India's economic growth prospects should remain strong over the medium term, with GDP expanding 6-7.1 per cent annually in fiscal years 2024-2026, S&P Global Ratings said on Thursday. In a report titled 'Global Banks Country-By-Country Outlook 2024', S&P said the banking sector's weak loans will decline to 3-3.5 per cent of gross advances by March 31, 2025, on the back of structural improvement, including healthy corporate balance sheets, tighter underwriting standards and improved risk-management practices. Interest rates in India are unlikely to rise materially, and this should limit the risk for the banking industry, it added.
rediffGURU and financial planning expert Colonel Sanjeev Govila (retd) answers your personal finance-related questions.
Amul, non-government organisations reach out to buyers through the virtual world, which is free.
Hailing the Budget 2009-10 as "growth oriented", Planning Commission Deputy Chairman Montek Singh Ahluwalia on Monday said there would be no need for another stimulus in the current fiscal.
Students planning to attend university in the United States are invited to attend a pre-departure orientation programme on July 2.
'In the BJP I realised they are a different people with different mindset. They had a different ideology which was more rigid, and somewhere I was not comfortable.'
'People started noticing me again. OTT is a good platform for serious actors. In the olden days, unless you are the heroine, actors would have screen deaths. But now, there are so many good roles for women.'
Murder on the Orient Express offers intrigue worthy of Hercules Poirot's investigation and our time, feels Sukanya Verma.
Among the Sensex firms, Larsen & Toubro, UltraTech Cement, JSW Steel, Titan, Bajaj Finance, Wipro, Tech Mahindra and Nestle were the major laggards. Maruti, Power Grid, Axis Bank, State Bank of India, NTPC, HDFC Bank, ITC and IndusInd Bank were the gainers.
The four public sector general insurance companies -- New India Assurance, United India Insurance, Oriental Insurance, and National Insurance Company -- have lost 800 basis points (bps) in market share in last five years to their private counterparts, the data from the Insurance Regulatory and Development Authority (Irdai) revealed. In 2018-19, the four had a cumulative market share of 40.04 per cent, with New India Assurance having a market share of 14 per cent and United India Insurance with a market share of 9.63 per cent. But, gradually in the past five years, these state-backed firms have lost their market share to private sector players, due to the declining health of their business.
Designer Varun Bahl opened Day Three of HDIL Indian Couture Week with a vibrant collection that displayed a bold fusion of Indian lines with oriental detail.
'We will continue to build new engines of growth in terms of innovations, enter newer categories, and look at newer propositions.'
It is in circumstances like this that the Constitution becomes extremely important. It reminds us that we have a commitment towards higher human values to fulfil, a path to get back to, suggests Shyam G Menon.Else, we risk being rudderless in an ocean of money and majoritarianism, suggests Shyam G Menon.
Zoram People's Movement (ZPM) leader Lalduhoma was sworn in as the chief minister of Mizoram on Friday.
"The receiver is kept on. Hoping for a successful awakening for another set of assignments! Else, it will forever stay there as India's lunar ambassador," it said.
Directing the Centre, states and Union Territories (UTs) to ensure the queer community is not discriminated against, the CJI, who is heading the constitution bench, said queer is a natural phenomenon known for ages and is neither urban nor elitist.
China is also ready to promote high-quality Belt and Road Initiative cooperation, and push for new progress in the future-oriented, all-round friendly and cooperative partnership between the two countries, she added.
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