After a long wait, the Shapoorji Pallonji Group has closed the sale process of its consumer durables business under the Eureka Forbes label by picking the American private equity fund Advent International's Rs 4,400-crore offer for a 72 per cent stake. The sale process, which began in November 2019, will help the over 156-year-old SP Group pair the debt pile and sharpen the focus on the flagship construction and engineering business under Afcons. The valuation of Rs 4,400 crore for a 72.56 per cent stake is is at an enterprise level and subject to closing adjustments and also includes an open offer for the remaining stake after the demerger and listing of Eureka Forbes, the SP group said in a statement on Sunday.
A visit to Tibet appears to have become the new touchstone for expressing fealty to Xi Jinping, observes Jayadeva Ranade, the retired senior RA&W officer and distinguished China expert.
Since most Indian firms have kept their forex exposure unhedged, credit profile of companies in the highly sensitive sectors such as oil & gas, metal & mining, airlines could weaken substantially, says Anup Roy.
Titled Uyyala Jampala, the film is set to release in December.
Fund managers said investors remained positive on the pharma manufacturing activity in India, which further strengthened during the Covid-19 period, on account of restrictions imposed on pharma imports from China.
The actor talks about the film's success and his future releases.
How superhero movies fared at the turnstiles.
Wang Yang and Xi Jinping's visits signal the beginning of a major Chinese push to bring about a transformation of Tibet, observes Jayadeva Ranade, the distinguished China expert and retired RA&W officer.
The actor and his wife, Gauri got candid with the media.
Weekend Video Slideshow: SRK's stunts, Rajni talk to fans!
The new missile is capable of delivering nuclear and conventional warheads up to 350 km.
Saif and Rani will reunite after 11 years.
Rajneesh Gupta presents all the important numbers after the third week of IPL 2020.
Two elderly Chinese aerospace experts are hospitalised after a violent attack by a 'Princeling', states Jayadeva Ranade, the distinguished China expert and retired RA&W officer, highlighting the power the 'Princelings' ironically hold in the Communist People's Republic.
India may soon see a new set of oil barons with lesser-known companies venturing into crude oil and natural gas production. These new kids on the block have come up through a mix of entrepreneurial grit and backing from oil industry veterans. Nippon Power, South Asia Consultancy, PFH (Poddar Family Holdings) Resources and Chennai-based Adbhoot Estates could be the first ones to start production from blocks awarded during the first round of Discovered Small Field (DSF-1) auctions. Adbhoot is in a 50:50 joint venture with the Bombay Stock Exchange-listed Hindustan Oil Exploration Company that has some five oil producing assets and over 10 blocks across the country.
As means of transport or metaphor, the romance of trains is unmistakable in Hindi cinema.
The film industry is upset with Rajinikanth's reported statement on Cauvery issue.
The military preparations underway show that the PLA may undertake operations this summer to achieve whatever objectives they could not achieve last May, asserts Jayadeva Ranade, the distinguished China expert and retired RA&W officer.
Joginder Tuteja sees just how many Rs 100 crore movies Bollywood's top actors have in their kitty.
Here's looking at superstars who have played fathers in the movies.
Gold prices in the country may even dip to Rs 20,500 per ten grams.
In the start-up world, hitting the $1-billion mark, which accords the "Unicorn" tag, is a milestone. Enterprises typically reach the milestone only by series C or series D, or three to four funding rounds later. Zeta achieved it at the first one. On May 25, the six-year-old banking tech firm raised $250 million from Japanese conglomerate SoftBank, at a post-money valuation of $1.45 billion. "This is the first time we have raised institutional money," Zeta co-founder Bhavin Turakhia beamed on the conference call. This trajectory is uncommon in start-ups.
On Kareena Kapoor's 40th birthday on September 21, Sukanya Verma handpicks 25 of her most stunning frames from various movies to highlight how she draws our attention in big and small ways.
Movie and television stars attended the Behen Hogi Teri screening.
India's dependence on imported crude oil to meet domestic demand has been a matter of concern for years. Delivering the inaugural address at the global energy summit - Urja Sangam - in 2015, Prime Minister Narendra Modi had called for enhancing domestic oil and gas production to cut the import burden. He aimed at lowering it by at least 10 per cent by 2022 - to coincide with the platinum jubilee of India's independence. But this target is far from being achieved and the country's import reliance has only risen.
'People won't think Shankarabharanam is an old film. It is a family entertainer, different from what I have done before,' Nikhil Siddhartha tells Radhika Rajamani.
Anurag Kashyap's classic Black Friday is a must watch film.
'I wanted to know whether I should stay in Paris or do something else, and in less than a week, I got the call for The Last Hour.'
Information Commissioner, in a terse order, pointed out that the website of the application mentions that the content on it is "owned, updated and maintained" by MyGov and MeitY
'I got a call from Shah Rukh Khan.' 'Gana leak ho gaya,' he said. 'Leak ho gaya, toh ho gaya. Nikal jayega,' I said. 'And that's what happened.' 'Chammak Challo went viral overnight!'
Banking system liquidity will experience transient frictional tightness ahead of the payment of arrears
'My character in Surya Versus Surya cannot come out in daylight.' Actor Nikhil Siddhartha talks about his latest film.
RRBs were formed under an Act to provide credit to small farmers, agricultural labourers and businesses in rural areas.
Israel's parliament is set to vote on Sunday on a new government led by Yamina head Naftali Bennett, ousting Prime Minister Benjamin Netanyahu from power after an uninterrupted 12 years at the helm of affairs.
Is Christmas a good time to release big films?
Shortage of ICU beds, oxygen, ventilators, vaccines, doctors, nurses and crematorium space in India has dominated headlines around the world in the past few weeks with Covid-19 cases surging beyond control and the government failing to deliver. Yes, election rallies, Kumbh Mela, blatant flouting of social distancing and mask protocols coupled with a messy vaccination process are said to be responsible for the health crisis of colossal proportions that India is facing today. But an analysis of Budget speeches made by finance ministers over 75 years also offers a glimpse of how low on the priority list healthcare has featured for the political class and policy-makers, which is a significant reason for the current situation.
Cinematographer Preetha talks about shooting a trilingual that has food as a major character.
Terming the incident unfortunate, the national carrier Air India has tendered an apology to the Indian table tennis team, who were denied boarding on the Delhi-Melbourne flight on Sunday.
