Zomato's mega initial public offering (IPO) ended with a bumper 38 times oversubscription on Friday as institutional investors poured money to get a pie of the hottest online food delivery platform. Zomato got bids for 2,751.25 crore shares against 71.92 crore shares on offer, stock exchange data showed. The IPO is India's biggest since March 2020. Institutional investors, who shied away in the first two days of the IPO, bid several times over the number of shares reserved for them.
While Panama and Paradise Papers had majorly focused on foreign entities created by entities, corporates or individuals overseas, Pandora is about the new method adopted by wealthy elites by setting up multiple layered complex trust structures.
More than six months have passed since he last stepped into the ring but Indian boxing star Vijender Singh is hopeful of getting back to competition in the next three months after his US-based promoter restarted bouts earlier this month. Signed by Hall of Famer Bob Arum's Top Rank Promotions in 2018, Vijender was last seen in action in November 2019 when he defeated Ghana's Charles Adamu to keep his unbeaten record intact in the professional circuit.
Larsen & Toubro (L&T), India's largest construction and engineering player, has lost as many as 14 large orders in the country because companies that don't possess adequate technical expertise and experience, of late, have won the projects by bidding lower, claimed A M Naik, non-executive chairman of L&T. But the company has made up for the losses by winning projects overseas, where it has acquired a sizeable market share amid tough competition from large global players, he said.
In 2019-20, Gopinathan had received a total remuneration of Rs 13.3 crore. According to TCS' annual report for 2020-21, Gopinathan received Rs 1.27 crore in salary, Rs 2.09 crore in benefits, perquisites and allowances, and Rs 17 crore in commission. TCS chief operating officer N Ganapathy Subramaniam drew a pay package of about Rs 16.1 crore in the last financial year. This includes Rs 1.21 crore in salary, Rs 1.88 crore in benefits, perquisites and allowances, and Rs 13 crore in commission.
'There is a part of me that says it is a great time to tell stories from my own land.' 'But then opportunities are coming my way from all over the world.' 'So one foot is here and one foot is in the West.'
This is the second time Twitter has misrepresented India's map. Earlier it had shown Leh as part of China.
The government is considering blocking internet protocol (IP) addresses of companies/exchanges on which trading in cryptocurrencies is happening, said a source in the know. Two months ago, the government had said it intended to bring a Bill to ban private cryptocurrencies and introduce India's own digital currency in line with what China and other countries had done. This move is part of that. The government had also proposed to promote technology like blockchain. Industry, however, says banning decentralised currencies like bitcoin and ethereum is not possible.
Rajneesh Gupta presents the interesting numbers from Day 5 of the India-England Test at Lord's.
Both Sathiyan and Sharath Kamal are seeded in the 17-32 bracket and will get a first-round bye.
The RBI on Monday asked banks not to approve any proposal of foreign law firms to open a branch office, project office or liaison office in the country under FEMA for the purpose of practicing legal profession. The RBI has issued a circular in this regard in view of a Supreme Court order wherein the apex court held that advocates enrolled under the Advocates Act, 1961 alone are entitled to practice law in India and foreign law firms or foreign lawyers cannot practice the profession of law.
Only two Indians have scored a 50 in the first innings of a debut Test outside India: Sunil Gavaskar in 1971 and Mayank Agrawal in 2018.
Niranjan Shah suggests that the BCCI not rush to take a decision and wait for a couple of months to see how the COVID-19 situation develops before taking a call on IPL 2021.
"We suspended the deal as a simple preventive measure, since there are complaints that could not be explained well by the complainant, so we opened a preliminary investigation last week," said Rosario, head of the Federal Comptroller General.
Food delivery platform Zomato's initial public offering was oversubscribed on the opening day on Wednesday with retail investors bidding for 2.7 times the number of shares reserved for them. The offer received bids for 75.60 crore equity shares against an IPO size of 71.92 crore, stock exchange data showed. Retail investors sought 2.69 times the portion reserved for them. Against 12.95 crore shares reserved for retail individual investors, 34.88 crore shares were bid by 1700 hours.
Thirty districts in the country, including 13 in Kerala, eight in Mizoram, four in Meghalaya, three each in Manipur and Arunachal Pradesh, two in Sikkim and one in Meghalaya are reporting a weekly positivity rate of over 10 per cent.
The manner in which India has allowed the rule of law to be subverted for over eight years is tragic, notes former additional solicitor general of India Bishwajit Bhattacharyya.
Subahani Haja Moideen, a Keralite, was arrested by the National Investigation Agency in 2016 following a crackdown in Tamil Nadu with the help of central security agencies and other state police, foiling designs of Islamic State operatives to attack or eliminate certain prominent persons and target places of public importance.
Fitch Ratings has upgraded Reliance Industries Ltd's (RIL) rating to 'BBB', one notch above India's sovereign rating, as the company benefits from cash flow generation across diversified business segments and continuation of deleveraging. In a statement, Fitch said it has upgraded RIL's long-term foreign-currency issuer default rating (IDR) to 'BBB', from 'BBB-', with a negative outlook. At the same time, the agency has affirmed RIL's long-term local-currency IDR at 'BBB+' with a stable outlook.
To address the shortage of COVID-19 jabs in the country, the government is exploring the possibility of boosting production of vaccines, including identifying manufacturing sites for indigenously developed Covaxin outside India, sources said.
According to the sources, the vaccine will be much more affordable than existing ones manufactured by two foreign companies. India's drug regulator in July had granted market approval for the Pneumococcal Polysaccharide Conjugate vaccine, after reviewing the phase 1, 2 and 3 clinical trial data submitted by the Pune-based firm.
Having missed out on qualifying for the Rio Games in 2016, C A Bhavani Devi said she had put too much pressure on herself before realising the importance of staying in the moment.
Foreign Secretary Harsh Vardhan Shringla on Wednesday had 'fruitful and productive' meetings with top Russian diplomats on bilateral issues as well as regional and global issues of mutual interest and the two sides discussed ways to further strengthen the bilateral Special and Privileged Strategic Partnership.
The government has brought in changes to the investment pattern for non-government provident funds, and superannuation and gratuity funds, enabling them to invest up to 5 per cent in the units of Category I and Category II alternative investment funds (AIFs), subject to some caveats. The development is part of the central government's strategy to channelise domestic savings and improve their returns to attract more investment in the said sectors. At present, these funds typically invest a minimum 45 per cent in government securities, besides new instruments, such as exchange-traded funds and real estate investment funds, while a portion in equity-related instruments.
The ban against the eight Chinese apps -- Alipay, CamScanner, QQ Wallet, SHAREit, Tencent QQ, VMate, WeChat Pay, and WPS Office -- will come into effect in 45 days from Tuesday.
Three high-ranking National Anti-Doping Agency (NADA) officials, along with six empanelled Dope Control Officers (DCOs), will be travelling to the UAE for sample collection during this year's Indian Premier League, which starts on September 19.
The Emirati organisers of this year's Indian Premier League are hopeful of at least some fan presence in the stands during the matches, a top official said. The Emirates Cricket Board (ECB) is finalising preparations to host the world's richest Twenty20 league from September 19 after India's struggle to contain the COVID-19 surge prompted its relocation.
It said Naisar Kothari, a resident of Bhavnagar in Gujarat, was arrested under sections of the Prevention of Money Laundering Act (PMLA) and he has been sent to the ED custody till December 22 by a court.
The Kings XI Punjab and Rajasthan Royals squad members, who arrived in Dubai last week, will have their first proper training session in months on Wednesday evening, having tested negative for COVID-19 thrice during their mandatory six-day quarantine.
The plan was to vary the pace of his deliveries and create angles, since there was not much turn on offer, said all-rounder Ravindra Jadeja after his four-wicket haul enabled India dismiss Australia for 338 on Day 2 of the third Test, in Sydney, on Friday.
'Anything that couldn't be stolen they destroyed.' Saloni Dhumne and Atreya Raghavan speak to members of the Indian community in Durban -- the largest congregation of Indians outside India -- who were targeted in last month's horrific riots.
"Attacking left-hand batsman Suresh Raina officially communicated to BCCI on Sunday about his decision to retire from international cricket," said the BCCI in a statement.
The I-T department issued a circular allowing manual filing of Form 15CA/15CB (required for foreign remittances) with banks till June 30, so that business transactions may go on. The forms will be uploaded online on the e-filing portal later, it added.
The BCCI will not stop veteran leg-spinner Pravin Tambe from playing for Trinbago Knight Riders in the Caribbean Premier League as it has been confirmed that he has officially retired, albeit second time having withdrawn on the first occasion. The 48-year-old Tambe is set to become first Indian player to play in the CPL. As per BCCI rules, he is now eligible having announced his retirement from all forms of cricket.
'The Government of India could aggressively promote developmental projects that will alleviate poverty particularly in communities where South Africans of Indian origin and our black brothers and sisters live as neighbours.'
Ishant made his Test debut as an 18-year-old in Bangladesh when Rahul Dravid was the captain and subsequently was led by Kumble, Dhoni, Kohli and Rahane during the last decade and half.
Total runs scored by Virat Kohli in Tests so far this year: 1,182. Last year, Virat aggregated 1,215 runs, notes Rajneesh Gupta.
The bench, which was critical of the Centre's stand on the issue, said "You (government) are so short of vaccines and you are not taking it through. May be it is an opportunity for you. Don't be so negative. It is like a raging fire and nobody is bothered. You people don't understand the larger picture or what.
The move will establish a level-playing field for domestic investments in start-ups compared to foreign-based sources.
The medical entrance exam NEET was scheduled for July 26, while the JEE-Mains for admission to engineering colleges was to be held from July 18-23.
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