The 5 per cent stake sale in Steel Authority of India is likely to fetch the government over Rs 2,000 crore (Rs 20 billion) at current market prices.
During the negotiations, which began on September 4, both the proponents and sceptics stuck to their positions but finally reached common ground on Saturday after American prodding and deft diplomacy by New Delhi.
In his maiden visit to a defence establishment, Prime Minister Narendra Modi will sail on INS Vikramaditya, the largest warship of the Indian Navy, off the coast of Goa on June 14.
Questions that the state had come to recognise over time but consistently delayed treating seriously because doing so requires an overhaul of perspective and lifestyle, notes Shyam G Menon.
The Rio Games silver winner easily notched up a 21-14, 21-15 win over unseeded Japanese Aya Ohori in the second round match that lasted just 40 minutes.
The lone Indian left in fray at the ATP Challenger Series' SAIL Open, Ashutosh Singh crashed out after a straight-sets loss to Australian Colin Ebelthite in a rain-interrupted second round match of the US $50,000 tournament. The wildcard local favourite, who stunned eighth seed Alexandre Kudryatsev of Russia in the opening round on Tuesday, was handed a 4-6, 4-6 defeat by Ebelthite, bringing the curtain down on the Indian challenge in the singles.
Domestic steel giant SAIL sees its workforce shrinking by up to 7,000 this fiscal as it continues with the rationalisation of manpower aimed at reducing employee cost by Rs 3,50,000 crore (Rs 3,500 billion) per annum.
The ship will then be towed back to Mumbai where it will be decommissioned.
The base price would be made public only after the close of market hours on Thursday.
Unlike for previous Olympics, the Paris 2024 opening ceremony will not take place in a stadium.
West Indies skipper Rovman Powell lauded Hope for showing his mettle after being dropped for the contest against England.
We asked colleagues, present and past, to reflect on a man who has made such a difference to their lives and careers. Here it is then, a rich collection of memories that offer enchanting glimpses of the enigmatic Ajit Balakrishnan.
Commander Abhilash Tomy, a retired Naval officer, has become the first Indian to complete the prestigious Golden Globe Race. He finished second in the race, a solo around-the-world sailing race, which started on September 4, 2022 from Les Sables-d'Olonne in France.
General Motors India on Thursday launched premium hatch-back 'Opel Corsa Sail' and said it would invest Rs 180 crore (Rs 1.8 billion) by the year-end to roll out more vehicles.
Defending champion Stanislas Wawrinka survived some anxious against Gilles Muller before proceeding into the men's singles semi-finals at the ATP Chennai Open tennis tournament.
Last week, Chandra Shekhar Verma did something rather uncharacteristic for a state-owned company chieftain, especially one reputed to be a stickler for rules. The Steel Authority of India (SAIL) chairman - its youngest ever - openly criticised the government.
State-run Steel Authority of India on Tuesday said it will file the red herring prospectus in May for its forthcoming follow-on public offer, which is expected to hit the market in the first quarter of the next fiscal.
Kidambi Srikanth progressed to the men's singles second round with a stunning win over Chinese Taipei's Chou Tien Chen.
The market capitalisation of BSE-listed companies soared to an all-time high of Rs 406.52 lakh crore on Monday thanks to a rally in equities where the BSE Sensex climbed over 1 per cent. The 30-share BSE Sensex rallied 941.12 points or 1.28 per cent to finish at 74,671.28. During the day, it zoomed 990.99 points or 1.34 per cent to 74,721.15.
Offers for 23.53 crore shares or 97.9 per cent of the 24.03 crore shares on offer, were received at close of trading hours, according to data from stock exchanges.
New Zealand eye consolatory win over PNG
Up to three billion people are expected to tune in for the opening ceremony in Paris.
Global agency Fitch on Monday lowered the rating outlook of public sector companies including NTPC, SAIL and IOC to negative but said the downgrade of India's credit outlook to negative would not impact the rating of Reliance Industries.
'There's deep-seated revenge and at the same time, longing.'
Check out how India's athletes fared on Day 7, Friday, August 2, 2024:
On Tuesday, ArcelorMittal Group Management Board Member Sudhir Maheshwari had said during a conference call that they have made 'a proposal to SAIL and are in discussion with SAIL (to set up a steel plant through joint venture).'
The new hatchback will likely be powered with either 1.2 litre or 1.4 litre petrol engine.
The top 16 seeds in the men's section sailed into the second round, evens as the women side saw a few upsets in the 55th Senior ICL National Squash Championships.
India suffered a 0-3 drubbing against defending champions Korea Republic and bowed out of the AFC Youth Championship.
A look at the best catches of the match.
Stock markets would take cues from the upcoming macroeconomic data announcements and global trends besides keeping a watch on the trading activity of foreign investors, analysts said. The last batch of the ongoing earnings calendar would trigger stock-specific action, traders said. "This week, we have to deal with macroeconomic data on both the domestic and global front.
Steel Authority of India Limited and Posco are in discussions to set up a 1.5 million tonne integrated plant in Bokaro to produce high grade steel from low-grade iron ore and non-coking coal by using the world's third largest steel company's FINEX Technology.
Avinash Sable's national mark headlines strong showing in IGP 2
Taking to X, the Israeli Prime Minister's Office said, 'Israel strongly condemns the Iranian attack against an international vessel. The ship, which is owned by a British company and is operated by a Japanese firm, was hijacked with Iran's guidance by the Yemenite Houthi militia.'
Captain Uday Saharan said winning a close match against South Africa in the semi-finals will benefit India in the final.
Novak Djokovic's bid for a record 25th Grand Slam title kicked off on Monday with an easy win over qualifier Radu Albot in the US Open first round.
The legislators landed at the Birsa Munda Airport in Ranchi in a chartered flight and were taken to the Circuit House in the city in two buses.
The torch for the Paris 2024 Olympic Games was lit in ancient Olympia
Some of the most amazing boats in the world are set to sail at Mumbai International Boat Show this week.
